This weekend, Nancy Pelosi told Fox News Sunday that “it is almost a false argument to say we have a spending problem.”
In reality, America is $16.5 trillion in debt and $122.6 trillion in unfunded liabilities. That works out to over $146,000 of debt and over $1 million in liabilities per taxpayer.
So, what do you think? Does America have a spending problem? Watch the full interview, and leave your comments below.