That process is pretty broken down right now. We are operating for this fiscal year under a continuing resolution which tweaks a few things but is basically Discretionary spending is about 25% of our budget; 75% is in mandatory accounts. in the mandatory accounts, the entitlements and just other mandatory spending. So the arithmetic indicates we're entering into a debt death spiral in the United States with the interest rates … (11:23–11:29)
CLAIM
Asserts that discretionary spending is about 25% of the budget, while 75% is in mandatory accounts.
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