In the last three and a half years, we've added more debt to our economy and to this or to this government than our first 230 years of our country's history. The interest costs on our debt now is the second largest expenditure after Social Security, above our Defense Department. and is projected over the next 12 to 18 months to go from $1 trillion to 1.6 trillion, eclipsing Social Security. Look, why do we have the inflation that we have experienced? (10:35–10:45)
CLAIM
Asserts that interest costs on U.S. debt are the second largest government expenditure.
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