David Schweikert: “3, 4, $500 billion of Medicare is on borrowed money.”

“Every dime of non defense discretionary, the Park Service, the epa, the State Department, all these things you think of as government is unborrowed money. And depending on where the chart is right now, 3, 4, $500 billion of Medicare is on borrowed money. So every dime for Congress get to vote on is now on borrowed money. Almost unfathomable to think that way.” (07:15–07:20)

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.