PolitiQuote

Discover video-sourced quotes by politicians

Howard Lutnick: “Donald Trump cares. And when we balance the budget, you know…”

Featuring: Howard Lutnick, Secretary of Commerce | National

Watch on YouTube

Full interview: Commerce Secretary Howard Lutnick on Trump's tariffs moves

Published | Video Starts at 20:10

We have a $36 trillion deficit. And we used to run deficits of 400 billion, now 2 trillion. Everybody's like, who cares? I tell you what, who cares? Donald Trump cares. And when we balance the budget, you know what that means? That means our deficits stop, interest rates come smashing down. His goal is to have external revenue. You know, the way I think about it, we all are so used to paying taxes. We're so used to it. (20:10–20:19)

CLAIM

Asserts that balancing the budget will stop deficits and significantly lower interest rates.

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.


Howard Lutnick

Discover more from

Howard Lutnick

Report A Transcription Error

Please report any error in the automated transcription.

About PolitiQuote

PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

PolitiQuote is a service of Gigafact Foundation, a nonpartisan nonprofit advancing facts and information transparency, community by community.

Visit gigafact.org to learn more.