03/06/2024
https://www.congress.gov...
"If it goes to 4.5 percent, just the cost of interest is going to exceed the entire defense budget."
"The word was 'abrupt.' And apparently in history things like the Ice Ages did not start--I always thought it took thousands and thousands of years. In fact, it took decades."
"We cannot just throw the kitchen sink at it. We have got to really think about what are the costs and the benefits."
"But somebody has got to lead, and it seems to me, as you have pointed out, we are the wealthiest country in the world; we are in the best position to lead, but not be stupid."