But when you begin to cut that debt service or those interest payments go down, which help address the issue. Now this is where it gets pretty interesting. With such a high national debt, Our debt servicing costs or the interest payments on the debt have eclipsed spending on national defense. As I said a moment ago, this is a very troubling sign when we spend more money on interest on the national debt than we do on defense. (14:13–14:20)
CLAIM
Asserts that interest payments on the national debt are now higher than spending on national defense.
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.
