Ron Johnson: “That's discretionary spending. That's less than 30% of our…”

“I asked the Washington press corps that nobody knew because we never talk about it. One press guy said, well, I think it was over a trillion dollars. Now, That's discretionary spending. That's less than 30% of our budget. So we put so much for a federal budget on automatic pilot. We're supposedly the 535 member board of directors of the largest financial aid in the world and we don't even know in total what we spent.” (11:26–11:30)

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.