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David Schweikert: “Interest will be the number one spend in this government [in…”

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

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'If You Are Under 40—I'm A Baby Boomer—I'm Sorry...': David Schweikert Delivers Passionate Warning

Published | Video Starts at 27:26

And at our current borrowing rate. And if interest rates stay where they're at or go up just a little bit in a couple years, interest, Interest will be the number one spend in this government [in a couple of years]. Congratulations. And look, this is a hard chart to read. The point of this one is just interest fragility. What happens with small movements in interest rates on U.S. sovereign debt? (27:26–27:36)

CLAIM

Asserts that interest payments will become the largest government expense in a few years.

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