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David Schweikert: “The burn rate just this fiscal year is almost 9% of the…”

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

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Congressman David Schweikert on political future, the numbers behind Social Security and Medicare

Published | Video Starts at 10:06

But you go to non defense discretionary, you might be able to pull 1% of GDP out and that's $300 billion. Yeah. But together that's 2 1/2% this year. The burn rate just this fiscal year is almost 9% of the entire economy is borrowed money. What do you want to do with the rest of it? Baseline borrowing looks like it's supposed to be parking in around 6% of the size of the economy. (10:06–10:13)

CLAIM

Asserts that nearly 9% of the economy is financed by borrowing this fiscal year.

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