And that's like a 10 year span. I mean, that's been really, really aggressive at how this is going up. Of course you have to pay interest on this debt. Those interest payments are over a trillion dollars a year and growing. And when some of the bonds come due this year for refinancing, they're going to be refinanced, unfortunately, at higher interest rates. (04:52–04:58)
CLAIM
Asserts that U.S. interest payments on debt exceed $1 trillion annually and are increasing.
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.
