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David Schweikert: “Interest, if you do a gross interest, is 1.2. Publicly…”

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 08:51

The blue is what we get to vote on. You do understand every dime a member of Congress votes On is borrowed. And part of this. So interest, this number is wrong. Now Interest, if you do a gross interest, is 1.2. Publicly borrowed interest is probably, it may be somewhere near that 890, $900 billion. But this is interest. This is Social Security, this is Medicare, this is Medicaid, this is other mandatory programs. These are earned benefits. You worked your 40 quarters, you get your maximum Social Security. (08:51–09:04)

CLAIM

Asserts that gross interest is $1.2 trillion, and publicly borrowed interest is around $890-$900 billion.

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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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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