But I'd like to get into a little bit more detail about that. So as I last addressed, we have $34 trillion in debt. I know that number is just crazy because it is crazy. We are adding about a trillion dollars in new debt every four months. The interest cost on the debt, as I explained last time, is now the second largest expenditure in the entire US Federal budget, only after Social Security. (00:22–00:28)
CLAIM
Asserts that the United States is increasing its national debt by approximately $1 trillion every four months.
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.
