At the same time, this body has failed to make important investments in our infrastructure while saddling future generations with ever greater amounts of debt. Debt whose service costs will now predictably take up $1 trillion of our annual budget. In interest, more than we spend on Medicare, Madam President, or defense, a higher share of the economy than at any point in American history. (15:35–15:42)
CLAIM
Asserts that debt service costs will consume $1 trillion of the annual U.S. budget.
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.
