The Future of the Federal Government

Interest rates are at their, the lowest point they have been in the history of the country. If we're spending $75 on every dollar that the government takes in simply to service a gargantuan debt, that will leave exactly no money to take care of everything else. What if the government does something like it turns to China and says, look, we owe you a trillion dollars. Let's make it half a trillion? The Chinese will tell them to go pound sand. There's no deal here."