One of our problems, the thing that I'm really concerned about is our national Debt is almost $17 trillion. It exceeds the size of our economy. And if we hit a debt crisis, if interest rates spike, If we just go back, Pedro, to the 30 year average interest rate of 5.3% from 1970 to 1999, that would add more than $600 billion per year to our interest payment. That's what we spend on defense. It's actually more than we spend on Medicare. So listen, it's not that I'm not. (11:19–11:31)
CLAIM
Asserts that returning to a historical average interest rate of 5.3% would increase U.S. interest payments by over $600 billion annually.
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