If interest rates go to anything close to historic levels--call it 5 percent; in 2000 it was 6 percent--we are talking about $850 billion a year just to pay interest.
Angus King: “If interest rates go to anything close to historic levels--call it 5 percent; in 2000 it was 6 percent--we are talking…”
Editor's note · Context
Senator King warns about the financial burden of rising interest rates on national debt.
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