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David Schweikert: “The new number on Social Security for this coming year is…”

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

'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S.

Published June 12, 2024 | Video Starts at 03:52

So let's actually sort of walk through some of these things. I brought this board, again, just to reemphasize what I was just saying. The new number on Social Security for this coming year is 1,480,000,000,000. My math has actually the interest being a little bit higher. And then you see Defense and Medicare. (03:52–03:59)

CLAIM

Reiterates that Social Security spending for the coming year is projected at $1.48 trillion.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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David Schweikert

“Total interest this year is going to be maybe just a little shy of 1.2 trillion, making interest the second biggest expenditure in this…”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 00:40-00:51
“Social Security will be about a trillion 480 billion interest 1.2.”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 00:51-00:59
“Problem is this year we're borrowing close to, I think our run rate in the last 365 days is like 8% of GDP.”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 01:54-02:04
“100% of the debt from today through the next 30 years, interest, health care.”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 02:51-03:00
“Medicare is spending maybe up as much as 10% so far this year.”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 04:11-04:16
“In 15 years, we model, this country has more deaths than births.”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 05:19-05:26
“The math says right now that child that's young today will be poorer than their parents.”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 06:32-06:43
“Every dime a member of Congress votes on today is on borrowed money.”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 08:07-08:13
“This year you're going to spend about 1.2 trillion of your tax receipts in interest.”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 08:23-08:30
“We've had one or two months, maybe three months where we actually had to borrow money to pay for our borrowed money to pay the interest.”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 08:33-08:42
“The Pentagon being substantially unauditable. We do not know where almost 4 trillion in assets are.”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 09:25-09:36
“The eighth year where the Pentagon has functionally come back as unauditable.”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 10:31-10:38
“We're going to offer this as an amendment in the next day or so on the National Defense Authorization bill.”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 11:15-11:23
“The Government Accounting Office can only do so much.”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 12:08-12:12
“There's been an experiment. I got to give the IRS credit on this one. It's a small experiment. They did it last tax season, this tax season…”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 13:32-13:46
“People are really, really expensive in government.”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 14:35-14:39
“We estimate, and we have multiple academic articles that say about 16% of all healthcare spending is people failing to stay on their…”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 15:33-15:43
“The estimate for people not taking their prescriptions is 528 billion per year.”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 16:19-16:24
“Apple just got its next generation of watch approved by the FDA for monitoring your heart.”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 17:30-17:39
“Your ability to have that breath biopsy, that flu kazoo, is functionally illegal.”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 19:17-19:22
“Democrats passed legislation to functionally hand $16 billion of your tax money to big Pharma.”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 20:01-20:10
“75 miles from here, there's a co-op making three brands or three types of generic insulin.”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 20:20-20:29
“Obesity will cost this country as high as $9.1 trillion over the next 10 years.”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 21:12-21:22
“AI tool finds variants for heart disease.”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 22:14-22:18
“AI traces mysterious metastatic cancer to its source.”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 22:27-22:32
“We could cut the time down in half bringing cures and miracles to market.”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 23:45-23:51
“We were able to get two AI amendments attached to the VA bill.”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 24:32-24:37
“Half their cost is just administrative [in doctor's offices, surgery centers, and clinics].”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 25:35-25:47
“You could crash the price of a healthcare clinic in half [by using technology].”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 26:18-26:23
“Telehealth should be digital health.”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 26:35-26:38
“Cure diseases, make people's lives less miserable, but there will be armies of lobbyists in our hallways.”
'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S. | Uploaded June 12, 2024 | 27:16-27:26