Video archive of the US Congress

Senate Proceeding on Apr 13th, 2011 :: 6:39:55 to 6:41:00
Total video length: 9 hours 11 minutes Stream Tools: Stream Overview | Edit Time

Note: MetaVid video transcripts may contain inaccuracies, help us build a more perfect archive

Download OptionsEmbed Video

Views:95 Duration: 0:01:05 Discussion

Previous speech: Next speech:

Bob Corker

6:39:55 to 6:40:16( Edit History Discussion )

Bob Corker: so already with a gross debt of 100% of g.d.p., we've foregone jobs we desperately need in ohio, my home state, and around the country. this high indebtedness also comes with very significant interest payments of course. even with interest rates being so low today, near zero, the magnitude of the u.s. debt still requires a debt service this

Bob Corker

6:39:55 to 6:41:00( Edit History Discussion )
Speech By: Bob Corker

Bob Corker

6:40:17 to 6:40:37( Edit History Discussion )

Bob Corker: year of over $200 billion. and, by the way, under the president's budget, that number increases to almost $1 trillion ten years from now based on the congressional budget office analysis. $1 trillion a year just in interest payments on the debt. what concerns me is that interest rates could well go up

Bob Corker

6:40:38 to 6:41:01( Edit History Discussion )

Bob Corker: given this climate. one percent increase in interest revolves -- involves another $130 billion of interest payments. think about that. just a 1% increase in interest rates means another $130 billion in interest payments. obviously inflation would be

Personal tools

MetaVid is a non-profit project of UC Santa Cruz and the Sunlight Foundation. Learn more About MetaVid

The C-SPAN logo and other servicemarks that may be found in video content are the property of their respective trademark holders. None of these trademark holders are affiliated with Metavid