If that family member got well, you wouldn't keep borrowing $50,000 and spend at that level. That would be insane. But that's exactly what the federal government has done. The last five years, we've averaged $6.5 trillion. Last year, we spent 6.9. This year, we're on a path to spend $7.3 trillion. So 4.4 to $7.3 trillion, that's a 63% increase while our population has grown 2.6%. So what we need to do is we need to return like a family would to some kind of pre pandemic spending level. (04:27–04:38)
CLAIM
Asserts that U.S. federal spending averaged $6.5 trillion over five years, with $6.9 trillion last year and $7.3 trillion projected this year.
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.
