One thing I want to point out, in the year we're currently in, according to cbo, if we don't do anything else, you can expect that we're going to have to borrow about 27% of what we spend. Last year it was about 26%. Next year it'll be about 24%. And I personally believe that's going to go up because right now the amount of interest we're having to spend on our debt is … (00:26–00:31)
CLAIM
Asserts that the U.S. borrowed 26% of its spending last year.
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.