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David Schweikert: “100% of that borrowed Medicare and the interest financing on…”

Featuring: David Schweikert, Republican | U.S. House, Arizona, District 1

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'If You Are Under 40—I'm A Baby Boomer—I'm Sorry...': David Schweikert Delivers Passionate Warning

Published | Video Starts at 39:36

30 year number is not $116 trillion, it's 143 trillion is now our model. That's what higher interest rates did. 143 trillion. 100% of that borrowed Medicare and the interest financing on that back filling of Social Security and the interest financing on that. We can revolutionize this if we finally be willing to legalize technology. The morality of moving and pushing cures. Why does this place seem to like to finance people's misery? (39:36–39:48)

CLAIM

Asserts that the $143 trillion deficit is entirely due to borrowing for Medicare and Social Security interest financing.

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