And there has been more studies done that have shown that within by 2021, 2022, it overwhelms and crushes everything. But let's back up even before that. Let me just give some raw numbers. Last year, our interest payment on our debt was $454 billion, second largest expenditure in our federal budget. Defense Department was 710 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 … (48:56–49:05)
CLAIM
Asserts U.S. interest payments on debt were $454 billion, the second-largest federal expenditure.
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.
