Now, I didn't bring the chart. Maybe I should have because it been mixed up. If we had a 1% increase from what we expect baseline interest rates to be. … A 1% interest rate increase would mean 45% of all tax receipts cover interest by 2034-2035. … We get up to 45% of all tax receipts. Is just covering the interest. That should scare the crap out of people. But are we allowed to explain that almost every dime. (08:45–08:52)
CLAIM
Asserts that a small increase in interest rates would drastically increase the portion of tax receipts used for interest.
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