Ron Johnson: “Second decade, $31 trillion of deficit.”

“That's going to take our debt up to 26, $27 trillion. I don't know what we get through the first decade without a debt crisis, but it pales in comparison to the Second decade, $31 trillion of deficit. The third decade, 87 trillion for a whopping total over 30 years of $127 trillion of deficit. I put that in perspective. The entire net private asset base of America is $110 trillion.” (09:17–09:24)

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.