If you are lending out money at 1 percent and the Federal Government is borrowing everything that is going out the door now, there is a hidden subsidy
Kit Bond: “If you are lending out money at 1 percent and the Federal Government is borrowing everything that is going out the door…”
On the recordJune 10, 2009
Source
congress.govEditor's note · Context
Bond comments on the implications of low interest rates and government borrowing.
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