Well, I hate to be the skunk in the room. Let me give you some numbers. 2019, we spent $4.4 trillion. This year we'll spend a little over 7 trillion. That's a 58% increase. Over the next 10 years, CBO estimates we will spend a whopping $89.3 trillion and grow our debt by almost $22 trillion. So what the House is working on right now is a spending reduction. It sounds big of $1.5 trillion. But you compare that to 89.3, that's 1.68% reduction, 1.5 trillion versus 89.3 trillion. (00:43–00:53)
CLAIM
Asserts that the Congressional Budget Office estimates $89.3 trillion in spending and $22 trillion debt growth over the next decade.
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.
