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David Schweikert: “So far this fiscal year, we're only about 55 days into this…”

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

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Congressman David Schweikert on FOX 10 Talks | FOX 10 Talks

Published | Video Starts at 03:55

Complex policy, and I hope we will touch on it. But the United States is in a real financial bind. We over the last 12 months borrow about 71,000 a second. But So far this fiscal year, we're only about 55 days into this fiscal year, we're borrowing about, probably about $150,000 a second. So that means we will click off from October 1st to maybe just before Christmas, another trillion dollars in borrowing. And that borrowing is driven by interest. (03:55–04:05)

CLAIM

Asserts that the U.S. is borrowing about $150,000 per second in the current fiscal year.

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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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