David Schweikert: “By the end of the decade, think of this, ten years from now…”

“And I keep trying to present over and over and over. When you start to realize the amount of our spending and By the end of the decade, think of this, ten years from now, if you add in the debt we will owe to the trust funds, what's left of them, we're at $56 trillion. 56 trillion. What happens if interest rates move against us? Remember, interest today is the second biggest expenditure in this government. Social Security, and then behind that is interest, then Medicare, then defense.” (17:52–18:06)

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.