… a path to stabilize our debt to gdp, and this could be a stunning century for America. But my fear is when I look at the debt spiral that's coming, If interest rates continue to go where they're going, you maybe have three years, five years. and at that point, then most of what this government does is we've handed over the power of this government to the bond market because the bond market will be in charge of us. (30:42–30:49)
CLAIM
Asserts that rising interest rates could lead to a debt crisis in 3-5 years.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
