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David Schweikert: “The inflation we've had the last three years is the biggest…”

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

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'If You Are Under 40—I'm A Baby Boomer—I'm Sorry...': David Schweikert Delivers Passionate Warning

Published | Video Starts at 05:03

We did it. Yay. We're basically kicking off about a trillion dollars every 100, 115 days of borrowing. And that interest helping kick off inflation. And inflation is that tax, The inflation we've had the last three years is the biggest tax in modern history. Because here's what happened. There's this massive amount of US debt, we now are going to pay it back with inflated dollars and your savings just became worth less. (05:03–05:10)

CLAIM

Asserts that recent inflation is the largest tax burden in modern history.

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