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David Schweikert: “This year our burn rate is close to 9.9.6% of GDP.”

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

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'This Is Not A Gotcha Question': David Schweikert Presses Janet Yellen About Low Cash Balances

Published | Video Starts at 04:02

Do I read it properly in your Testimony? It's a 0.01% okay, fine. But that works out to over the next 10 years on an average of 0.143% of of GDP. This year our burn rate is close to 9.9.6% of GDP. My fear is the politics of theatrics and the actual math. We do a crappy job telling each other the truth and telling the public the truth of the fiscal … (04:02–04:10)

CLAIM

Asserts that the current year's burn rate is approximately 9.6% of GDP.

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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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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