… half and how quickly it went up, I don't know that we've ever seen anything like it. And again, that's part of the chronic debt crisis. Yeah, okay, that's right. Right now, according to CBO, we'll be paying about 3.4% interest on our debt over the next 10 years. But the average 50 year average for the interest rate we pay in debt is over 5%. So if you start every, every percent that you increase, that adds, you know, $370 billion to our debt this year. (19:28–19:34)
CLAIM
Asserts that the Congressional Budget Office projects a 3.4% interest rate on national debt over the next 10 years.
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.
