It's a series of commercial relationships, capital markets, trade deals and an American security guarantee. It's the reason our defense budget is a trillion dollars. I know it says 780 billion, but that's not the real cost. The real cost [of the defense budget] is a trillion dollars. It's one of the reasons we have a structural deficit going forward now of a trillion dollars. And maybe these financial models work out, and maybe we start paying it down. (14:27)
CLAIM
Asserts that the actual cost of the U.S. defense budget is a trillion dollars.
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.
