“In the next two years, we'll spend more on interest on our national debt than we do on the national defense.”
What PolitiFact found
The most recent Congressional Budget Office projection, from February 2023, shows that net interest on the national debt is projected to exceed defense spending starting in fiscal year 2029, but not in the next two years
Their words, from the summary they publish with the rating.
In short
Mike Pence (former vice president) made this claim around 30 March 2023. PolitiFact (United States) looked into it and published its finding on 6 April 2023, 7 days later. Its rating was “Half True”.
Mike Pence has 46 checked claims in this archive. Fact-checking organisations rated 17 of them false or fake, 25 misleading or mixed and 0 true.
Where the claim appeared
- transcripts.cnn.comhttps://transcripts.cnn.com/show/se/date/2023-03-30/segment/01
Links recorded by PolitiFact. Some posts may have been deleted since.
This check was done by PolitiFact, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.