We have a once in a generation opportunity to address not only discretionary spending, which is what we do on an annual basis, which is about 28% of what the federal government spends. But mandatory spending. The federal government spends an enormous amount of money each year. It's in excess of six and a half trillion dollars. Now, I don't have the brain capacity to conceive of what $6.5 trillion is, and I doubt anybody does. But it's a lot of money. (13:29–13:40)
CLAIM
Asserts that the federal government spends over $6.5 trillion annually.
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