Posts Tagged ‘Trillion’

US Debt Trillion Explained, Not The .9 Trillion The Government Claims, economy, crisis, collapse, economic, america, us, debt crisis, 2014, 2013,
Video Rating: 4 / 5

US Senator Jim DeMint (R-SC) questions President Obama’s Federal Reserve Chairman Ben Bernanke how increasing interest rates will affect US debt payments. Bernanke stated that a 1% increase in interest rates would cause 0 billion per year increase in size of US debt, or trillion in new debt over 10 years. DeMint stated: “That’s real money.” Bernanke responded: “A trillion there, a trillion here… doesn’t make that much difference.”