First time in history, we import more food than we export, build more foreign cars in America than domestic cars. First time that interest payment on the national debt is bigger than Department of Defense. It is the first time that we have, did I say, over a trillion dollars in credit card debt? Which means people are buying groceries at 23% interest. It's unsustainable. Their electric bills are high. The Chinese are building five warships to everyone we build. (56:46–56:51)
CLAIM
Asserts that the U.S. has over a trillion dollars in credit card debt for the first time.
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