And then at that part, the bond market runs your country. Because everything we do will be to keep the bond market from ever getting nervous. Because We calculate this year a single basis point, one point of interest is 100 basis points. A single basis point is $800 million. meaning sometimes when the clown show, excuse me, the members of Congress here do dumb things, we can actually see the market stressing out. (43:57–44:07)
CLAIM
Asserts that a single basis point of interest costs $800 million this year.
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.
