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David Schweikert: “Interest, they have us at $1,144,000,000,000 of interest…”

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

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Schweikert: Data Revisions Reveal Gloomy Outlook for U.S. Economy

Published | Video Starts at 30:07

Everyone gets a 21% cut depending on if the economy is good or maybe larger. And now Interest, they have us at $1,144,000,000,000 of interest this fiscal year. My math is a little higher. I come in, it's just around 1.2. But defense and Medicare are moving back and forth between who gets to be number three and who gets to be number four. (30:07–30:16)

CLAIM

Asserts that U.S. interest payments are projected at $1.144 trillion this fiscal year.

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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