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Eric Hovde: “When you have $35 trillion in debt, the interest cost on our…”

Featuring: Eric Hovde, Republican | Former Candidate, U.S. Senate Wisconsin

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U.S. Senate Candidate Eric Hovde Speaks at 2024 WCA Annual Conference Closing Assembly

Published | Video Starts at 04:59

And by the way, this deficit spending has been going on for 15 to almost 20 years now. Why is that relevant When you have $35 trillion in debt, the interest cost on our debt now is bigger than our defense department budget. budgethe it is going to start squeezing out federal spending at every level. It is also the reason why inflation has been ignited. (04:59–05:09)

CLAIM

Asserts that the interest on the national debt exceeds the defense budget.

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