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David Schweikert: “One and a half ain't anywhere close to when you just…”

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

MUST WATCH: David Schweikert Explodes Over US Debt Demands Massive Cuts To Discretionary Spending

Published November 10, 2023 | Video Starts at 07:09

And to my brothers and sisters who the solution has often raised taxes on the wealthy, the best model says we can only get about one and a half percent of GDP by maximizing every tax on $400,000 and up. One and a half ain't anywhere close to when you just borrowed 8.4. And with that I yield. Gentlemen from Arizona yields. Gentlemen from illinois is recognized. Mr. Chair, I yield two minutes or the balance of my time to the gentleman from Florida. (07:09–07:16)

CLAIM

Asserts that borrowing 1.5 is significantly less than borrowing 8.4.

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David Schweikert

“57% of this appropriation within this piece of this budget goes to entities that have their own taxing authority.”
MUST WATCH: David Schweikert Explodes Over US Debt Demands Massive Cuts To Discretionary Spending | Uploaded November 10, 2023 | 00:14-00:25
“We borrow every dime of defense and every dime of discretionary.”
MUST WATCH: David Schweikert Explodes Over US Debt Demands Massive Cuts To Discretionary Spending | Uploaded November 10, 2023 | 00:38-00:43
“We borrowed 3, $400 billion, a function of what is Medicare.”
MUST WATCH: David Schweikert Explodes Over US Debt Demands Massive Cuts To Discretionary Spending | Uploaded November 10, 2023 | 00:49-00:54
“Bloomberg Analytics... estimating that our interest bill for this fiscal year, total gross interest $1 trillion.”
MUST WATCH: David Schweikert Explodes Over US Debt Demands Massive Cuts To Discretionary Spending | Uploaded November 10, 2023 | 01:06-01:31
“Social Security's number one spend interest just became number two. Medicare just became number three. Defense now is number four.”
MUST WATCH: David Schweikert Explodes Over US Debt Demands Massive Cuts To Discretionary Spending | Uploaded November 10, 2023 | 01:35-01:43
“Every dime of military, every dime of non defense discretionary now is borrowed.”
MUST WATCH: David Schweikert Explodes Over US Debt Demands Massive Cuts To Discretionary Spending | Uploaded November 10, 2023 | 06:22-06:28
“We borrowed 8.4% of GDP last year.”
MUST WATCH: David Schweikert Explodes Over US Debt Demands Massive Cuts To Discretionary Spending | Uploaded November 10, 2023 | 06:53-06:58
“The best model says we can only get about one and a half percent of GDP by maximizing every tax on $400,000 and up.”
MUST WATCH: David Schweikert Explodes Over US Debt Demands Massive Cuts To Discretionary Spending | Uploaded November 10, 2023 | 07:01-07:10