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Kevin Stitt: “The national debt is at $40 trillion.”

Featuring: Kevin Stitt, Republican | Governor of Oklahoma

Govs. Kevin Stitt & Matt Meyer on keeping the American dream alive: Full panel

Published July 31, 2026 | Video Starts at 30:25

Right. With states. So the federal government pays 90% of our Medicaid expansion and the reimbursement rates. We're spending 2 trillion over our income right now. Nobody's talking about The national debt is at $40 trillion. We're spending more on interest than we do on our national defense. Now there is a big problem and we have, we cannot afford to cover everyone. I just don't believe that. (30:25–30:27)

CLAIM

Asserts that the national debt is currently $40 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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Kevin Stitt

“It costs as much to permit a project as it does to actually put the steel in the ground.”
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“There's about a $1.7 trillion regulatory cost to the consumers in America just because of overregulation.”
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“In Switzerland, their compulsory education ends as their freshman year of high school.”
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“About 50% of the kids then go on to university [in Switzerland].”
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“The Keystone pipeline was going to come in the Cushing, Oklahoma from Canada. Did you know there's already two pipelines from Canada into…”
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“Cushing, Oklahoma is where there's about 100 million barrels of commercial oil that's there. It's where West Texas crude is priced from.”
Govs. Kevin Stitt & Matt Meyer on keeping the American dream alive: Full panel | Uploaded July 31, 2026 | 24:43-24:51
“We're number two in electricity generated by wind in the U.S.”
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“We're spending 2 trillion over our income right now.”
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“We're spending more on interest than we do on our national defense.”
Govs. Kevin Stitt & Matt Meyer on keeping the American dream alive: Full panel | Uploaded July 31, 2026 | 30:26-30:30
“Only in our country can you start a company with $1,000 in a computer like I did, and then grow that over the next 20 years to over a…”
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“We don't want to lose [the opportunity and potential of America].”
Govs. Kevin Stitt & Matt Meyer on keeping the American dream alive: Full panel | Uploaded July 31, 2026 | 02:19-02:21
“I don't believe there's any such thing as equal outcomes, but we want equal opportunities for everyone to work hard and chase their American…”
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“We have to keep the free market, make it easier to start businesses and make it easy for opportunities for people.”
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“We need to continue to encourage development on housing.”
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“Sometimes with overregulation, you can stammy the growth of those type of developments.”
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“Homeownership is one of the greatest wealth builders of the middle class.”
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“Oklahoma is kind of the pipeline capital of the world.”
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“We passed a law to make sure that liability, the employers were worried about liability about a high school kid coming and working at their…”
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“I've had an AI leader in every one of my state agencies to champion that to see how we can implement AI, become more efficient government…”
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“We passed a ratepayer protection law this year. So none of those costs on new electricity generation for that data center that may be…”
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“We also passed a closed loop water system. So it's going to be a little more expensive on the front end for those data centers to, to…”
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“We've got a lot of natural gas. You can create your own electricity by getting your own gas turbines, hooking it up to our natural gas…”
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“We believe we need more electricity. We just were meeting with the FERC administrator earlier, the chairwoman of FERC, and she's like…”
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“I believe Oklahoma's leading on [permitting reform], but the concerns are real.”
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“We know that the safest way to move oil and gas is by pipeline.”
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“We're really close to doing a nuclear deal that's maybe coming online with, with Secretary Wright.”
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“The federal government's gotten so big. And what I mean by that is, is this shouldn't be a one size fits all.”
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“The federal government pays 90% of our Medicaid expansion and the reimbursement rates.”
Govs. Kevin Stitt & Matt Meyer on keeping the American dream alive: Full panel | Uploaded July 31, 2026 | 30:15-30:21
“Even in Oklahoma, red state like Oklahoma, here's our philosophy. Well, we might as well get the federal dollars.”
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“Most people in Oklahoma, I think they just want government out of their lives and they want to be able to live their life.”
Govs. Kevin Stitt & Matt Meyer on keeping the American dream alive: Full panel | Uploaded July 31, 2026 | 35:40-35:47
“They want a great economy, they want great infrastructure, they want a great education system.”
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“I just believe in limited government, lower taxes, let the free market work.”
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