And at 3.5% in functionally nine budget years, we're borrowing almost close to $4 trillion a year. I say that's actually eight budget years. If we go up a full point, we're well over 4 trillion. If we go up to the 5 5, which is historically closer to what we were before... almost 5 trillion in a single year interest. rates. If you do the 35 years before that, even if you take out the volcker years, five and a half was closer to what norm was. (08:54–09:23)
CLAIM
Asserts that a 5.5% interest rate could lead to nearly $5 trillion in annual borrowing.
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