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Steve Bannon: “We will never pay off one penny of the face amount of the…”

Featuring: Steve Bannon, Former White House Chief Strategist | National

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And, This is Steve Bannon | This is Gavin Newsom

Published | Video Starts at 52:47

This is going to get down to say, hey, we need to get the deficit to under trillion dollars or like three and a half percent. We're never going to. People should. And this, your audience should understand something. We will never pay off one penny of the face amount of the debt as we increase this now about every hundred days of another trillion dollars. It's just the interest right now. It's a, the gross interest charge, I think is a trillion four, which is the way it's got to be looked, not net because … (52:47–52:56)

CLAIM

Asserts that the U.S. will not pay off its debt principal as it increases by a trillion dollars every hundred 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.


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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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