The roman empire, the british empire, the dutch empire, you can walk through all of them, the great empires of China. That's how they decline. And What it's also doing is depriving all of our children and grandchildren of their future. Because when you deficit spend, all you do is you pull growth out of the future into the present. And we're leaving them saddled with enormous amount of debt. (06:27–06:34)
CLAIM
Asserts that current deficit spending harms future generations.
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.
