Well, the economy, when you juice the rates like this, what happens is the federal government, as they refinance their debt, have to pay an increasing portion of our tax dollars simply on interest payments. Right. So Right now we're spending over a trillion dollars a year, projected to go as high as $1.7 trillion a year in just interest. That's more than 40% of all personal income taxes going to pay the interest portion of the bill. And as that rolls forward, it just gets worse. (1:28:29–1:28:40)
CLAIM
Asserts that current spending on interest is over a trillion dollars a year, projected to reach $1.7 trillion.
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