Nicholas Begich: “The federal debt represents a major threat to the reserve…”

“That's a huge problem. That is a huge problem. It's something I've talked about through the entire campaign, ever since I got into this race in October of last year. The federal debt represents a major threat to the reserve currency status of the United States dollar. And what we've seen now is a $30 trillion in growing national debt that has been enabled through a profligate Congress, a Congress that continues to spend without any seeming constraint, and a Congress that seems to be disconnected from the fundamentals of economics.” (16:11–16:20)

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.