Adam Schiff: “It will skyrocket our deficit and debt... It's going to…”

“One other really big thing to know about this bill, and that is it will skyrocket our deficit and debt. Don't believe the Republicans who are claiming that It will skyrocket our deficit and debt... It's going to raise 2 to 3 trillion dollars of debt. It's going to increase the debt by that much. We already have a very significant debt and deficit problem such that the nation's credit rating has gone down.” (02:28–02:42)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.