Families and nations have never been able to spend their way into prosperity. And that's what we've tried to do in the last three years. We will have incurred almost $4 trillion in additional debt and now we're suffering the hangover from that. One of the reasons we're uncertain is we realize when you incur $4 trillion worth of debt, somebody's got to pay for it. (00:33–00:41)
CLAIM
Asserts that the U.S. has incurred almost $4 trillion in additional debt in recent 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.
