Last year, we spent 6.9 trillion. 55% increase while our population grew 2%. Had we just grown spending by population plus inflation, which was massive, that'd be $5.7 trillion. The amount of money that we spent above that common sense growth baseline is $8.8 trillion in five years. Now, again, there's going to be screams and gnashing of teeth as we try and cut, I don't know, two and a half trillion dollars of that. There shouldn't be. (1:02:27–1:02:37)
CLAIM
Asserts that $8.8 trillion was spent above a baseline of population and inflation growth over five years.
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.
