But Tony, we're going to spend more than $89 trillion over the next 10 years. According to CBO's latest projection, 89 trillion at most. The House is talking about reducing that by 1.5 trillion, which isn't even 2% right now. I've been recommending that we need to focus on returning to pre pandemic spending levels. I provided options ranging somewhere between 5.5 and 6.5 trillion compared to the 7 trillion we'll spend this year and maybe 7, 2, 7, 3 trillion next year. (07:48–07:55)
CLAIM
Asserts that the House's proposed spending reduction of $1.5 trillion is less than 2% of projected spending.
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.
