We are rapidly approaching $40 trillion in debt. And this growing debt driven by wasteful spending is directly undercutting the government's ability to serve the American people. Currently, over $1 trillion of taxpayer dollars is being spent just to pay the interest expense on our debt. It's crowding out money that could be used to help everyday Americans. Now, median household income in America is a little over $83,000. (00:21–00:28)
CLAIM
Asserts that over $1 trillion is spent annually on interest for the national debt.
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