So we are approaching $20 trillion in debt. Our debt currently exceeds the size of our economy over the next 30 years. And this is the work I've done on the budget committee. Over the next 30 years... 30 year deficit, we $103 trillion. Who ever talks about that? Other than nobody? No, it's a debt crisis that is just looming. If you think the bursting of the housing bubble is bad, just wait till interest rates return to their normal rate of over 5%. (04:02–04:09)
CLAIM
Asserts that the projected U.S. deficit over the next 30 years is $103 trillion.
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.
