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David Schweikert: “Interest this year... you're approaching 1.2 trillion. This…”

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

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'This Is Immoral': David Schweikert Issues Dire Economic Warning To House Colleagues

Published | Video Starts at 05:14

You're actually now seeing articles saying American bonds are getting harder to sell. And I think that's from the Wall Street Journal this last week. You gotta understand you're playing games with fire Interest this year... you're approaching 1.2 trillion. This calendar year, excuse me, this fiscal year. that means Social Security is $1,450,000,000,000. Interest 1.2 trillion. Medicare underneath that, and defense is number four. But one of the punchlines I wanted to bring, just so you can see it, is we threw together a little chart. (05:14–05:28)

CLAIM

Asserts that U.S. interest payments are approaching $1.2 trillion for the fiscal year.

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