Angus King actually said...

On the other hand, we cannot ignore this. I mean, the debt, just the interest on the debt, if we have a 1-percent increase in the interest we are paying on our current Federal debt--1 percent--which I think everyone agrees is likely within the foreseeable future, that will suck more money out of the Federal budget than the sequester.

Context

Senator King warns about the impact of rising interest rates on federal budget due to debt.

02/03/2014

https://www.congress.gov...

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