What Renan Santos said about implement public spending controls and fiscal austerity policies

Renan Santos: All that costs a lot of money.

Renan Santos: When the government spends a lot, what happens?

Everyone knows the government won't be able in the long run to pay its expenses, because the debt keeps getting high.

Renan Santos: When that happens... interest rates go up.

Renan Santos: And the interest the government charges, the famous Selic rate, it's bizarre.