State and local governments were 9.1%. That was the foundational premise of this nation. Government, closely governed, was more efficient, more effective, more accountable. Now the Federal government's approaching 24%. We've had the last four years deficits of 1.9 trillion. No matter how much you try and punish success. I've actually got this one of my better charts here. I'll put it up. You can't really see it all that well. (01:55–01:59)
CLAIM
Asserts that the U.S. has had deficits of $1.9 trillion for the last four 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.
