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David Schweikert: “The average on US sovereign debt was 7 1/2% [from 1975 to…”

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

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Schweikert: It's Time for Members of Congress To Start Acting Like Adults

Published | Video Starts at 15:15

And look, let me put these down and I'll try not to hit anyone with them. Please look at this chart. Please look at this. You see this line over here? This is 1975 to 2001. The average on US sovereign debt was 7 1/2% [from 1975 to 2001]. The average for all those years was 7.5%. That was actually the average considering now I accept that has the some of the 1980s, you know, Paul Volcker, but that was the average. (15:15–15:21)

CLAIM

Asserts that the average interest rate on US sovereign debt was 7.5% from 1975 to 2001.

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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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