Senator Grassley Says Taxes Don't Have to Be Raised to Pay for Stimulus

The video discusses the potential need for future tax increases due to current government spending, which is unprecedented due to the economic shutdown. It highlights the importance of economic recovery to avoid worse financial situations. The speaker explains that tax increases depend on the economy's ability to handle debt, which is projected to reach 100% of GDP. As long as interest rates remain below economic growth, tax increases may not be necessary. However, if the situation reverses, raising taxes might be considered.

In what context does the speaker mention the last time the debt reached 100% of gross national product?

What is the relationship between interest rates and economic growth as discussed in the text?