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. If it goes up to the 50 year average of 5.3, add about 8 or 9 trillion dollars to the 22 trillion. So again, you go 22 trillion plus extending current tax law, add another close to 4 trillion. If interest rates start creeping up and they are just 1 percentage point, add another 4 trillion. (14:40–14:48)
CLAIM
Asserts that a 5.3% interest rate would add $8-9 trillion to the national debt.
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