Now, if we don't increase the debt ceiling, instead of, again, the administration says we'll be defaulting on the debt, but I don't see how that would be possible. According to the president's own budget, next year, we would be still receiving $2.6 trillion worth of revenue. That's what I'd be calling the debt ceiling budget if we don't increase the debt ceiling. Now, just take a look at the graph there. What does that show? (05:48–05:57)
CLAIM
Asserts that the president's budget projects $2.6 trillion in revenue for the next year.
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.
