Rep. Jason Smith

@RepJasonSmith ↗

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Last Checked July 14, 2022

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Mon May 09 18:10:38 +0000 2022

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Rep. Jason Smith @RepJasonSmith

Last time inflation was as high as it is today, interest rates were over 10%. In this scenario, interest payments would rocket to $7 trillion per year, and our national debt would hit $75 trillion in the next ten years. It's clear that the national debt is headed for disaster. https://t.co/hu3n1g4XD6 — PolitiTweet.org

Posted May 9, 2022

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Rep. Jason Smith @RepJasonSmith

Economic growth would slow down as companies can't afford to make the investments needed to create good-paying jobs for Americans. In a scenario where interest rates are at their 1990s average, the federal debt will grow to an astonishing $54 trillion in the next 10 years. https://t.co/LzWeU4o0W9 — PolitiTweet.org

Posted May 9, 2022

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Rep. Jason Smith @RepJasonSmith

If you want to learn more about what rising interest rates mean for our national debt, read my full report here: https://t.co/a1J3Uo0tJ8 — PolitiTweet.org

Posted May 9, 2022