The interest cost on our debt is a trillion dollars a year now, bigger than anything in the federal government spending even bigger than our defense budget, only under Social Security. And In a mere one year, it will even be bigger than Social Security. It is crowding out all expenditures, all this debt. And what has this debt done? And this reckless spending has ignited the worst level of inflation that we've seen in 40 years. (02:32–02:39)
CLAIM
Asserts that debt interest will surpass Social Security spending in one year.
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