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David Schweikert: “This right here and the financing cost of that is the…”

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

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Schweikert: Data Revisions Reveal Gloomy Outlook for U.S. Economy

Published | Video Starts at 40:47

You get a substantially negative rate of return. But for every dollar you paid when you paid your FICA taxes for Medicare, we now calculate you get five to six dollars back. This right here and the financing cost of that is the primary driver US Debt. And I've been booed. I've had someone throw something at me. I've had a woman stand on her chair, scream at me, she wants every dime. That's fine. (40:47–40:54)

CLAIM

Asserts that Medicare financing is a primary driver of U.S. debt.

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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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