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David Schweikert: “If these interest rates stick around, which our economists…”

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

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'I'm Sorry, I'm Not Supposed To Curse On The Floor...': Schweikert Issues Dire Warning About US Debt

Published | Video Starts at 22:59

And then if we backfill Social Security now it's 141 trillion. So as of March, when CBO did their long term number, it's no longer 116 trillion. It's 141. And If these interest rates stick around, which our economists say they're going to because we're still not at the historic norm. How many members of Congress have gotten in front of you and told you the truth? That 100% of borrowing from today through the next 30 years, the growth of it, the growth interest health care. (22:59–23:07)

CLAIM

Asserts that current interest rates are expected to persist because they are not at the historic norm.

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