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David Schweikert: “Baseline borrowing looks like it's supposed to be parking in…”

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

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Congressman David Schweikert on political future, the numbers behind Social Security and Medicare

Published | Video Starts at 10:15

The burn rate just this fiscal year is almost 9% of the entire economy is borrowed money. What do you want to do with the rest of it? Baseline borrowing looks like it's supposed to be parking in around 6% of the size of the economy. And I know these are geeky, but it's important because we engage in these campaign rhetoric saying, you know, we want to raise taxes, we want to cut spending, and … (10:15–10:23)

CLAIM

Asserts that baseline borrowing is projected to be 6% of the economy.

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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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