Chuck Grassley actually said...

"Under the President's budget, spending as a percent of GDP would average 24.5 percent for the next decade."

"Given Secretary Yellen recognizes the potential of higher interest rates, doesn't proposing a budget that results in public debt reaching 117 percent of GDP by 2031 and continues to rise thereafter ri..."

"On another matter, the President's budget tries to justify unprecedented levels of spending and debt by assuming interest rates will remain historically low."

"But if interest rates do increase, that could be catastrophic given escalating debt under the President's budget."