Ron Johnson: “We're $36.4 trillion in debt.”

“If all of a sudden we have a failed treasury auction. We had the Great Recession in 2009 because one money market fund broke the buck and that spawned a contagion in the Great Recession, We're $36.4 trillion in debt. When I entered Congress, because we were mortgage. And by the way, I ran because we were mortgage mortgaging our children's Future, we were 14 trillion. Now we're 36.4 trillion.” (13:14–13:17)

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.