The United States has “never had a president who behaved as much like a teenager as Barack Obama” by building up debt and spending the money of future generations, Former House Speaker Newt Gingrich told Newsmax.TV in an interview at the Republican National Convention.
America, Gingrich said, will wind up paying more interest on the debt than it will for defense.
“You know, we’ve never had a president who behaved as much like a teenager as Barack Obama," said Gingrich the exclusive interview. “He’s running around with a credit card, spending our money, our children’s money and our grandchildren’s money building up a huge debt and if interest rates go up a bit at some point, we’ll end up paying more interest on the federal debt than we paid for national defense. People need to realize how a big a threat this is to our longer economic future.”
The former Republican primary candidate is hosting a series of seminars at the convention in Tampa called “Newt U,” which he said drew over 1,100 people online on Monday. About 300 people attended the Newt University program.
Gingrich said he will speak Thursday night at the convention and will give a tribute to Ronald Reagan with his wife, Callista.