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David Schweikert: “The average on U.S. sovereign debt was 7.5% [from 1975 to…”

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

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'I Don't Think We're Ready For This!': Schweikert Issues Dire Warning About Major Threat To The West

Published | Video Starts at 15:22

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 U.S. sovereign debt was 7.5% [from 1975 to 2001]. The average for all those years was 7.5%. That was actually the average, considering Now, I accept that has some of the 1980s, you know, Paul Volcker, but that was the average. (15:22–15:41)

CLAIM

Asserts that the average interest rate on U.S. sovereign debt was 7.5% between 1975 and 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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