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David Schweikert: “In nine budget years, we're spending 9% of the entire…”

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

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David Schweikert's Address on Economic Challenges and Legislative Solutions

Published | Video Starts at 14:26

You downloaded the report. Thank you, Mr. Speaker, for letting me have a Bloomberg terminal. I chair the Joint Economic Committee. So we bathe in the math. Think of this. In nine budget years, we're spending 9% of the entire economy is borrowed. And that's based on our baseline. See, said that twice in nine years, the borrow will be 3.8 trillion. And Mr. Speaker, most of that growth is interest and health care. (14:26–14:33)

CLAIM

Asserts that 9% of the U.S. economy will be borrowed in nine budget years.

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