The frustrating thing I hear from the other side is that they're taking out that any cut or any reduction in spending is a problem. Let me remind people 26% of the current level spending for the current year is borrowed. That should be of huge concern to everybody. The average American has about $100,000 their share of a debt. Think of that. A family of four has $400,000 in their share of the debt. (00:44–00:50)
CLAIM
Asserts that 26% of the current year's spending is financed through borrowing.
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