One, interest rates right now are absolutely bonkers relative to where they were historically, maybe not, but relative to where they were in recent history. We need to lower those rates. 40% of all US personal income taxes are going to pay interest on the debt. Yeah. So 40%. If you're a taxpayer out there listening today, 40% of your money that you pay the federal government right now is going to pay just interest. (07:38–07:46)
CLAIM
Asserts that a significant portion of US taxes is used for debt interest.
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.
