Look, our economy is in a very serious and fragile position because of the damage that's been done with all the deficit spending. We have $34 trillion of debt. We're racking up another trillion dollars of debt every month or every four to five months. The interest cost on our debt today is $1 trillion a year. That means it's bigger than our Defense Department budget. (01:25–01:31)
CLAIM
Asserts that the U.S. accumulates $1 trillion in debt every four to five 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.