The massive borrowing we're doing now which raises all sorts of questions about how much additional debt should the government take on? And is that going to force interest rates up, inflation up, and sort of essentially cut off whatever housing rally we have and go into the 'W' that you talked about?
David Gergen: “The massive borrowing we're doing now which raises all sorts of questions about how much additional debt should the…”
On the recordMay 16, 2009
Source
transcripts.cnn.comEditor's note · Context
Gergen raises concerns about government borrowing and its potential impact on interest rates and the housing market.
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