It's the first time in America that foreign cars out produced american cars. First time in history. First time in history that the interest rate on our national debt is bigger than Department of Defense. It is the first time in history that our credit card debt is collectively over a trillion dollars. That means people are buying groceries at 23% interest. I talked to a woman the other day. She works part time. Her husband works in a small shop much like this. (02:21–02:31)
CLAIM
Asserts that U.S. credit card debt has surpassed a trillion dollars for the first time in history.
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