… makes it very hard to try to make the argument that if we don't step up and do this, the bond market is going to do it for us. Remember, We borrowed 8.4% of GDP last year. And to my brothers and sisters who the solution has often raised taxes on the wealthy, the best model says we can only get about one and a half percent of GDP by maximizing every tax on $400,000 and up. (06:53–06:58)
CLAIM
Asserts that the U.S. borrowed 8.4% of its GDP in the previous year.
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