Of course you have to pay interest on this debt, that those interest payments are over a trillion dollars a year and growing. And When some of the bonds come due this year for refinancing, they're going to be refinanced, unfortunately at higher interest rates. And so those interest payments, you know, are likely to balloon and it could get very ugly at some point in the future. (05:04–05:11)
CLAIM
Asserts that U.S. bonds due for refinancing this year will be refinanced at higher interest rates.
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