We're seeing the bond markets are doing we can't control long term interest rates. That's going to be up to our creditors. If they look at us as not serious about this. I think The bond markets have been telling that they're going to demand a higher and higher interest rate to refinance that $9 trillion. That takes more of the money out of what we can spend on other things as well. So again, this is, we're not in a good position right now. (23:52–23:58)
CLAIM
Asserts that bond markets will demand higher interest rates to refinance $9 trillion.
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.
