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, Defense. (48:56–49:03)
CLAIM
Asserts that the U.S. paid $454 billion in interest on its debt last year.
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.