Remember a year ago, I think we had three or four months where this government had to borrow money to pay for our borrowing. If today the 10 year bond is at four and a half. You realize if it goes to five and a half in nine years, 45% of all of our tax collections just interest. Let's not let that happen. Let's get our act together. Let's communicate to those people we borrow money from that we're serious on some fiscal sanity. Because that's how you maximize the efficiency. (34:45–35:04)
CLAIM
Asserts that if the 10-year bond rate increases to 5.5%, 45% of tax collections will go to interest in nine years.
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