So everything we bring in is about four and a half. We have a $2 trillion deficit every year. Think about that. Every year $2 trillion that has to be financed. It's now up to $37 trillion and we're adding right now about a trillion dollars every hundred days. The model is not close to being sustainable. The gross interest charges now on just our debt is $1.4 trillion. Ray Dalio, one of the most sophisticated hedge fund guys just gave an interview to CNBC two weeks ago. (32:31–32:37)
CLAIM
Asserts that the U.S. national debt is $37 trillion, increasing by $1 trillion every 100 days.
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.
