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David Schweikert: “At 3.5% in functionally nine budget years, we're borrowing…”

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

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Schweikert: Congress Has Handed Control of Nation Over to the Bond Market

Published | Video Starts at 08:38

But understand it's an interest rate scenario chart right now as where cbo has us 3.5%. Well, we're already over that. And At 3.5% in functionally nine budget years, we're borrowing almost close to $4 trillion a year. I say that's actually eight budget years. If we go up a full point, we're well over 4 trillion. (08:38–08:45)

CLAIM

Asserts that with a 3.5% interest rate, the U.S. could borrow nearly $4 trillion annually in nine years.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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