And then we're saving money because you're buying the bonds at a discount and then retiring them. And so then you don't have to pay the interest that you would have if you had serviced it normally. So We've been able to save more than a billion dollars on interest costs and also on principal. by buying a discount. So that's good fiscal stewardship. So there's been all kinds of things that I think have been really positive, but yet we're doing a lot of big things. (1:01:50–1:01:58)
CLAIM
Asserts that more than a billion dollars have been saved on interest and principal costs.
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.