I've been developing few charts and graphs and I want to quick go through them. Everybody's got a copy in front of them. I'll go through this pretty quickly. This is the depressing debt chart. We passed the $5 trillion debt level in 1996, 10 trillion in 2008, 15 trillion in 2012, 25 trillion 2020, and we'll probably pass 40 trillion this year. Pretty depressing outlook as a percentage of GDP, we were keeping under 70% through from 1980 through about 2008. And then we hit basically 100% in 2012, over 120% in 2020, and again, we're on a path to higher levels. (02:32–02:49)
CLAIM
Asserts the historical progression of the national debt and predicts it will pass $40 trillion this year.
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