I just asked my colleagues, hey, anybody know how much we spent last year in total dead silence? I went out to the Washington press. By which you meant what? We spent last year in total the If [interest] rate increases to 4.3%, add another $4 trillion in deficit spending. If it goes up to the 50 year average of 5.3, add about 8 or 9 trillion dollars to the 22 trillion. (02:50–14:41)
CLAIM
Asserts that a 4.3% interest rate would add $4 trillion to deficit spending.
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