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Howard Lutnick: “We used to run deficits of 400 billion, now 2 trillion.”

Featuring: Howard Lutnick, Secretary of Commerce | National

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Trump Commerce Secretary Howard Lutnick talks inflation, recession fears and more

Published | Video Starts at 20:03

You're destroying the people who have run this country before, are destroying the future for my children and my children's children. I can't have a 50 75. 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. (20:03–20:08)

CLAIM

Asserts that the U.S. deficit has increased from $400 billion to $2 trillion.

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.


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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.

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