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Ron Johnson: “A little quarter of an interest quarter, percent interest…”

Featuring: Ron Johnson, Republican | U.S. Senate, Wisconsin

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Senator Johnson on The Kudlow Report

Published | Video Starts at 01:27

Have you had any feedback, negative feedback from those backers? Oh, a little bit, you know, but Larry, we're talking about the financial markets. If we threaten shutdowns and reroute the financial markets, just A little quarter of an interest quarter, percent interest increase would add $44 billion...to our interest expense. billion, which is really the first year additional spending in this agreement, $44 billion to our interest expense. So again, we've got a grower economy. (01:27–01:40)

CLAIM

Asserts that a 0.25% interest rate increase would add $44 billion to interest expenses.

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.


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