Xavier Becerra: “This is a debt tax, what happens when you do deficit spending. Deficits do matter. Under the last 7 years of Republican…”

“This is a debt tax, what happens when you do deficit spending. Deficits do matter. Under the last 7 years of Republican leadership with these tax cuts that have gone principally to very wealthy people, this is what happens. You have interest payments of over one quarter trillion dollars, yet veterans and education programs are suffering. This is what happens when you do deficit spending. You end up spending over a quarter of a trillion dollars to pay interest on the debt. That does nothing to help anyone. Meanwhile, we have said we are going to focus money on veterans and education. We are not going to do it on interest payments. If you are fiscally responsible, you can do that.”