Sadly, though, that American dream has been in decline over the last number of years, and particularly the last three and a half years. Economically, we've racked up more debt in the last three and a half years than our country's first 230 years. Think of that for a moment. Think of that for a moment. Our interest costs and our debt now are the second biggest expenditure of our federal government, bigger than our Defense Department. (06:44–06:53)
CLAIM
Asserts that the U.S. has accumulated more debt in the past three and a half years than in its first 230 years.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.