Discussion on National Deficits and Interest Rates

make many countries, elite countries, you know,

take a look at Switzerland.

We have a $39 billion deficit.

I can wipe out that deficit

in one stroke of the pen

and they're no longer an elite country,

yet they pay one half a percent interest.

They're the lowest ones.

And all I have to do is say,

I don't want any of your watches,

you know? I mean,

I don't want any of your goods.

And we save ourselves $39, $40, $41 billion,

and they go from being elite to being very troubled.

Fortunately, I'm a nice person, okay?

But just so you understand,

they're paying a half a point.