The spending cuts are talking about, they're paltry, 1.5 trillion. Some of those are fake, some of those are extended way out. They're offset by 10 years. 10 years. CBO's $22 trillion of 10 year deficit is a rosy scenario. It'll, it'll probably be more than that. And what happens then is what's happening right now in the bond market. Interest rates are creeping up. You can't control that. (13:52–13:57)
CLAIM
Asserts that the CBO's projection of a $22 trillion deficit over 10 years is optimistic.
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.
