That's the peak of the spending during the pandemic. Here we are today. Don't know if you can see it on this chart because these little bars are really small. Our borrowing is higher during the peak than the peak of the pandemic. If someone out there has a more brilliant way to try to explain, we are making ourselves fragile to interest rate exposure to the markets. The bond market very soon will run this government. (13:39–13:43)
CLAIM
Asserts that current U.S. borrowing exceeds the peak borrowing during the pandemic.
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.
