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Jonathan Cooper: “Interest payment on the federal debt...was much lower…”

Featuring: Jonathan Cooper, Democratic | Vermont House of Representatives, Bennington-1

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Senate Committee Hearing on Federal Budget Accountability with Mr. Cooper and Mr. Yeeland

Published | Video Starts at 05:12

To your point about the amount of money being spent, one of the challenges, as you know, that has oftentimes not been as easily noticed by the press is how much of that spending is obligatory Interest payment on the federal debt...was much lower, around $100 billion a year and now is $1 trillion a year. It exceeds almost any other domestic discretionary aggregate big spends, including the Department of Defense and labor and HHS. (05:12–05:23)

CLAIM

Asserts that interest payments on the federal debt have increased from $100 billion to $1 trillion annually.

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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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