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David Schweikert: “Nominal, which means before inflation, we actually have…”

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

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David Schweikert's Congressional Address on U.S. Debt, Healthcare, and Economic Policy Challenges

Published | Video Starts at 16:15

It actually had the spending growth on health care over the next decade actually accelerating again. So here's part of my problem. Nominal, which means before inflation, we actually have domestic productivity growing at 4.3% over the next decade. We have health care growing at 5.8. It's geeky, but that margin keeps separating and separating and separating. And unless we're willing to do policy, whether it be technology, incentives to stay healthy, these sorts of things, if that separation continues, the debt picture is actually worse. (16:15–16:28)

CLAIM

Asserts that domestic productivity is projected to grow at 4.3% and healthcare at 5.8% over the next decade.

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