And some of this, most of this money is not even paid for. And just as a data point, as an illustration, More than $1 trillion now a year is going to pay interest on the debt, not the principal, the interest alone. Okay? That's 40% of personal income tax payments, 40%. If you pay taxes and you're listing today, 40% of your money is going to pay interest alone on the debt and it's rising. (21:30–21:42)
CLAIM
Asserts that over $1 trillion annually is spent on interest for national debt.
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.
