Jesse Kelly of “The First” talked with Carol Roth about the massive size of the national debt and how it is rapidly increasing.The US spends approximately $1 trillion annually on paying the national debt’s interest alone.“We have to talk about the national debt. We just hit $40 trillion. That more than doubled in a decade,” Kelly said.“I care, but it’s hard to care. I mean, the national debt was $35 trillion. Then it was 36. It was 38. Now it’s 40, and these numbers are just so astronomical and depressing,” Kelly said.“There are two things that everybody should take away because, like you said, $40 trillion is really hard to get your head wrapped around that,” Roth said.“One is how quickly that is growing. So, I remember when we crossed the $20 trillion mark. That was in, I think, the second quarter of 2017, which was less than ten years ago,” Roth said.“We added $20 trillion, doubled the debt within the last ten years. That’s just staggering,” Roth continued.“The second piece is the amount that it costs to finance all of the debt,” Roth said.“The challenge is that we no longer have what was referred to as the exorbitant privilege, where we had all of these countries around the world which would buy our debt no matter what because they wanted to put it in their reserves,” Roth said.“In the past, we were able to finance on the cheap. For the past ten to twelve years, they have actually been net sellers, so it means that if we can find someone to buy our debt, they are going to be price-sensitive. They are not gonna buy it on the cheap,” Roth warned.“Our financing costs continue to be higher. We have more and more debt we need to finance. We have trillions in debt we need to refinance, and so that’s all adding to these crazy interest costs,” Roth explained.“You cannot have a successful country when you have that debt load, and you need to finance it at market rates,” Roth continued.“They will not address the fraud. They will not address the waste. They will not, you know, change the way that we do things to make it more palatable,” Roth said.“If they continue to do that, eventually we will have a financial crisis, and part of the affordability crisis that everybody is facing across this country, which is, you know, number one on the tops of American minds,” Roth continued.Watch:!function(r,u,m,b,l,e){r._Rumble=b,r[b]||(r[b]=function(){(r[b]._=r[b]._||[]).push(arguments);if(r[b]._.length==1){l=u.createElement(m),e=u.getElementsByTagName(m)[0],l.async=1,l.src="https://rumble.com/embedJS/u5v3ht"+(arguments[1].video?'.'+arguments[1].video:'')+"/?url="+encodeURIComponent(location.href)+"&args="+encodeURIComponent(JSON.stringify([].slice.apply(arguments))),e.parentNode.insertBefore(l,e)}})}(window, document, "script", "Rumble");Rumble("play", {"video":"v7c9eug","div":"rumble_v7c9eug"});The post Jesse Kelly Weighs in on the National Debt at $40 Trillion, “These Numbers are Just so Astronomical and Depressing” – (VIDEO) appeared first on The Gateway Pundit.