Whitney Tilson: “It means we're going to have to pay a little bit more for…”

“It's not catastrophic, but it's meaningful. It's going to be expensive, and it's a big problem. Right. It means we're going to have to pay a little bit more for the debt, the bonds, the U.S. treasuries that we issue. And when you multiply that times a $36 trillion national debt debt, even in a 1/10 of 1% higher interest rate due to that downgrade due to this sort of reckless policies and the budget that Trump is trying to pass, yet another version of tax cuts to the rich and savage cuts to Medicare, Medicaid for everybody else is going to balloon our deficit even further. So, yeah, there are many, many ways in which Donald Trump is hurting this country, which is why it was 10 years next month that he came down the elevator and I immediately saw the danger that he posed.” (20:47–21:23)

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