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. The average person or the average American in the budget coming up this year will be spending about $20,000. I yield the gentleman another 15 seconds. Just follow up one more time. Remember, America has to know that 26% of every Social Security dollar, 26 of every new tank, 20% of every new education dollar is borrowed. (01:11–01:20)
CLAIM
Asserts that the average American will spend about $20,000 in the upcoming budget year.
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