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.
Not fixing infrastructure is debt, is it not?
I would urge the administration to continue to really look and work with us on structural changes.
I would urge you to think about that, because it is one thing to owe $17 trillion, the question is what do you owe it fo...
I think it is a discussion that we should have and continue to have.
We are actually liberating people to follow the American principle of self-determination and creativity and innovation.
If interest rates went back to 6 percent on the national debt, just the interest on the debt would be $1.02 trillion.
I would invite my colleagues on the other side to talk about a tax reform package where the revenues were dedicated stri...
We need to think about reducing the debt itself, and certainly reducing the deficit.
On the other hand, we cannot ignore this. I mean, the debt, just the interest on the debt, if we have a 1-percent increa...
I think you have articulated an intelligent strategy, which is be careful about short-term, abrupt fiscal changes to dea...