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Eric Hovde: “Interest payments, just interest costs on our debt is 454…”

Featuring: Eric Hovde, Republican | Former Candidate, U.S. Senate Wisconsin

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Full interview with Eric Hovde

Published | Video Starts at 48:56

They're probably 3.5 to $4.5 trillion because we're not expensing those liabilities. And there has been more studies done that have shown that within by 2021, 2022, it overwhelms and crushes everything. … Interest payments, just interest costs on our debt is 454 last year. … billion, the largest. And by the way, at defense, not to say that we shouldn't still look at cuts, but defense is as small a percentage of spending as our … (48:56–49:05)

CLAIM

Asserts that interest payments on the national debt were $454 billion last year.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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