Rep. Jason Smith

@RepJasonSmith ↗

Deleted No

Hibernated No

Last Checked July 13, 2022

Created

Mon May 09 18:10:35 +0000 2022

Likes

Retweets

Source

Twitter Web App

View Raw Data

JSON Data

View on Twitter

Likely Available

Rep. Jason Smith @RepJasonSmith

A higher interest rate of 3.9% will further crowd out vital government functions and private investment in the economy. According to CBO, if interest rates are even ONE percentage point higher than currently projected, the deficit would increase by $2+ trillion over 10 years. https://t.co/f334YIU8jw — PolitiTweet.org

Posted May 9, 2022

Preceded By

Rep. Jason Smith @RepJasonSmith

Even under the modest scenario of a 3% average rate, interest payments on the debt will become the largest expenditure in the federal budget by 2051. More than Social Security. More than Medicare. More than defense spending to protect America and provide for our troops. https://t.co/1sr5j4qui6 — PolitiTweet.org

Posted May 9, 2022

Followed By

Rep. Jason Smith @RepJasonSmith

Families would feel the pain of higher rates: taxes will be raised, incomes will fall, and retirees may not be able to count on full Social Security. With interest rates at their 50-year average of 5.7%, America would be spending $3 trillion per year on interest alone by 2031. https://t.co/4mYGDLH2u5 — PolitiTweet.org

Posted May 9, 2022