Political Quotes

John Garamendi: We could borrow money at less than 2 percent now for 10 years, probably 3 or 4 percent for 20 years. Why don't we go out…

On the recordFebruary 3, 2015
We could borrow money at less than 2 percent now for 10 years, probably 3 or 4 percent for 20 years. Why don't we go out and borrow at 2 percent, refinance that debt, and let them pay 2\1/2\ rather than 6, 7, 8, and 9 percent?
Said by
John Garamendi
Democratic · California
Source
govinfo.gov
Feb 3, 2015

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