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Eric Hovde: “Just the cost of servicing our debt is bigger than our…”

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

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Eric Hovde Explains How Biden Has Destroyed the American Economy

Published | Video Starts at 04:39

And that's why we're in this position where we have $34 trillion in debt, where the interest cost on our debt now is bigger than any expenditure in the federal government other than Social Security. It's bigger. Just the cost of servicing our debt is bigger than our Defense Department. And by the way, in a year will be bigger than Social Security. And it's putting Social Security at risk. So, you know, the problem is you have these career politicians. (04:39–04:44)

CLAIM

Asserts that debt servicing costs exceed Defense Department spending.

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