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David Schweikert: “Democrats functionally through the Biden have borrowed 4.8…”

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

'It's Uncomfortable But I Do Want Us To Think About' This Shocking Reality: David Schweikert

Published November 15, 2023 | Video Starts at 06:51

I reserve gentlelady reserves. Actually Mr. Chairman, I'm not going to go into correcting the TCJA math but. But I would point out Democrats functionally through the Biden have borrowed 4.8 trillion in functionally three years. And the 1.7 actually the multiplier if you take a look at the tax receipts, but being on Ways and Means. But I do want to go to a point. (06:51–06:59)

CLAIM

Asserts that $4.8 trillion has been borrowed under the Biden administration in three years.

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.

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David Schweikert

“We borrow every dime we as members of Congress vote on.”
'It's Uncomfortable But I Do Want Us To Think About' This Shocking Reality: David Schweikert | Uploaded November 15, 2023 | 00:34-00:40
“Every dime of defense is now borrowed.”
'It's Uncomfortable But I Do Want Us To Think About' This Shocking Reality: David Schweikert | Uploaded November 15, 2023 | 00:39-00:43
“Every dime a non defense discretionary now is borrowed.”
'It's Uncomfortable But I Do Want Us To Think About' This Shocking Reality: David Schweikert | Uploaded November 15, 2023 | 00:42-00:46
“Last fiscal year we had what, 300 billion, maybe 400 billion of let's call it Medicare, but in mandatory that was borrowed.”
'It's Uncomfortable But I Do Want Us To Think About' This Shocking Reality: David Schweikert | Uploaded November 15, 2023 | 00:45-00:56
“Treasury yesterday basically release an update that's saying gross interest this fiscal year will top a trillion dollars.”
'It's Uncomfortable But I Do Want Us To Think About' This Shocking Reality: David Schweikert | Uploaded November 15, 2023 | 01:26-01:36
“Social Security is our number one spend. Interest just became our number two spend. Medicare is our number three spend and Defense now is…”
'It's Uncomfortable But I Do Want Us To Think About' This Shocking Reality: David Schweikert | Uploaded November 15, 2023 | 01:38-01:47
“The primary driver of the US debt is our demographics.”
'It's Uncomfortable But I Do Want Us To Think About' This Shocking Reality: David Schweikert | Uploaded November 15, 2023 | 07:22-07:27
“100% of the growth of debt and our office now is calculating 130, 140 billion during that time particularly we start to calculate in the new…”
'It's Uncomfortable But I Do Want Us To Think About' This Shocking Reality: David Schweikert | Uploaded November 15, 2023 | 07:33-07:45
“If we backfill Social Security in nine years when the trust fund is gone, it's going to consume every available dollar.”
'It's Uncomfortable But I Do Want Us To Think About' This Shocking Reality: David Schweikert | Uploaded November 15, 2023 | 07:45-07:52
“The tax hikes that have been proposed for every category on $400,000 and up only brought in about 1.5% of GDP when adjusted.”
'It's Uncomfortable But I Do Want Us To Think About' This Shocking Reality: David Schweikert | Uploaded November 15, 2023 | 08:18-08:28
“We borrowed 8.4 last year.”
'It's Uncomfortable But I Do Want Us To Think About' This Shocking Reality: David Schweikert | Uploaded November 15, 2023 | 08:27-08:30