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. Interest rates are creeping up. You can't control that. If global creditors look at the United States as uncreditworthy, our 50 year average interest payment that we've paid on our debt is over 5%. So I think it's as high as 5.8. It's not the most exact figure, but right now we're borrowing probably about 3.3%. That's been the average over the last 25 years, 3.3%. (14:03–14:17)
CLAIM
Asserts that the U.S. has a 50-year average interest payment on debt over 5%.
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