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David Schweikert: “Social Security is another 5.9% of the economy and that's…”

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

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Schweikert: Congress Has Handed Control of Nation Over to the Bond Market

Published | Video Starts at 22:27

But the thing that I was surprised no one noticed, if Medicare is at 6 point functioning in the 30 year window, gets as high as 6.9% of the entire economy, and then Social Security is another 5.9% of the economy and that's just the two earned retirement programs. So you start to think about that is if that's consuming that much of the entire economy, how do you pay for the rest of government? (22:27–22:35)

CLAIM

Asserts that Social Security spending is projected to be 5.9% of the economy.

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