We've racked up more debt in the last three and a half years. In our country's 1st 230 year history, our total debt is now $35 trillion. The interest cost on our debt is a trillion dollars a year. That means it's bigger than our Defense Department budget. And within one year they say it may be bigger than the cost of Social Security. So we're putting Social Security at risk. So they have made an utter mess. (19:21–19:31)
CLAIM
Asserts that the annual interest cost on U.S. debt is $1 trillion, exceeding the Defense Department budget.
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