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David Schweikert: “US Fertility rates have collapsed again. So we're down to…”

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

'A Scam': David Schweikert Lays Waste To President Biden's Newly Announced Budget

Published March 17, 2024 | Video Starts at 24:16

It's demographics. We got old. We only have a fraction of the workers. We got an update. What was it on Friday? Was it a week ago Friday? US Fertility rates have collapsed again. So we're down to like 1.63. Basically, that math means in 15 years the United States has more deaths and births. All these things are fixable. And I'm just exhausted. I keep coming behind these microphones, seeing if anyone cares. (24:16–24:21)

CLAIM

Asserts that U.S. fertility rates have decreased to approximately 1.63.

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

“Medicare. For every dime you put in, you're functioning now. Getting close to getting $5 back.”
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“The Medicare trust fund is emptied in seven years or so.”
'A Scam': David Schweikert Lays Waste To President Biden's Newly Announced Budget | Uploaded March 17, 2024 | 00:56-01:00
“Social Security [fund] is gone in eight or nine years.”
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“We're borrowing over 95,000 a second.”
'A Scam': David Schweikert Lays Waste To President Biden's Newly Announced Budget | Uploaded March 17, 2024 | 04:01-04:05
“We've borrowed over 3 trillion [dollars] in the running last year.”
'A Scam': David Schweikert Lays Waste To President Biden's Newly Announced Budget | Uploaded March 17, 2024 | 04:04-04:17
“The burn rate right now is we're borrowing a trillion about every 125 days.”
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“The US Tax code got more progressive [after the 2017 tax reform].”
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“The top tiers in the United States of income today pay a higher percentage of the federal income tax than they did before 2017.”
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“Social Security trust fund is empty. Transportation trust fund is empty.”
'A Scam': David Schweikert Lays Waste To President Biden's Newly Announced Budget | Uploaded March 17, 2024 | 08:08-08:12
“By the end of this decade, this country will have A VAT tax, a value added tax, just like the rest of the industrialized world.”
'A Scam': David Schweikert Lays Waste To President Biden's Newly Announced Budget | Uploaded March 17, 2024 | 08:24-08:35
“Interest this fiscal year of $1.1 trillion.”
'A Scam': David Schweikert Lays Waste To President Biden's Newly Announced Budget | Uploaded March 17, 2024 | 10:25-10:31
“Social Security is number one. Spend at 1,450,000,000,000. Interest will be number two. Medicare will be number three. Defense is now number…”
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“Total gross debt. Borrowing, borrowing. This year, 2.8 trillion. It could actually kiss up to three now.”
'A Scam': David Schweikert Lays Waste To President Biden's Newly Announced Budget | Uploaded March 17, 2024 | 11:57-12:08
“You're running a 283-trillion dollar deficit in a time when the economy is supposedly doing well.”
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“If you're borrowing like $9 billion a day and we're going to shut the place down for months, over 16 billion.”
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“A number of the provisions of the tax reform from December 2017 expire.”
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“All the marginal tax rates go up and that happens next year.”
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“Expiring 2025 tax provisions, standard deduction. If you are single, you get a $14,600 deduction. That goes away next year and that standard…”
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“Married, you get a $29,200 deduction today. A year from now that's gone, you go to $16,600.”
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“You're a single individual, you make $60,000, you will pay $1,794 more. $1,794 at the end of next year.”
'A Scam': David Schweikert Lays Waste To President Biden's Newly Announced Budget | Uploaded March 17, 2024 | 15:14-15:31
“Expiring 2025 tax provisions, pass throughs. Any of you have an LLC, you know, a family business, a side hustle, you have a little llc, you…”
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“Credit for paid leave goes away. Next year, just goes away. Right now, credit up to 25% for up to 12 weeks, you get a 25% credit.”
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“Expiring 2025 provisions, state and local tax deductions. Now those of you from high tax states, you're giddy. The deduction right now is…”
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“Expiring 2025 tax provision, child tax credit, and credit for other dependents. Right now you get a couple thousand dollars and it phases…”
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“Current status, you get $500 per dependent. It's gone. That's gone.”
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“Current status, 100% of first year's bonus deduction through 2022.”
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“In the budget they just dropped, they did actually put out money for the Medicare trust fund but there's nothing there for Social Security.”
'A Scam': David Schweikert Lays Waste To President Biden's Newly Announced Budget | Uploaded March 17, 2024 | 21:36-21:45
“In eight, nine years, Social Security trust fund you get a 25% cut.”
'A Scam': David Schweikert Lays Waste To President Biden's Newly Announced Budget | Uploaded March 17, 2024 | 22:18-22:24
“If you're an average working couple in America that's $17,400 cut, you double senior poverty.”
'A Scam': David Schweikert Lays Waste To President Biden's Newly Announced Budget | Uploaded March 17, 2024 | 22:23-22:32
“The first year the shortfall is $616 billion.”
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“Raise the cap on $400,000 and up and you only cover about a quarter of this.”
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“In 15 years the United States has more deaths and births.”
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“We no longer think this number is $116 trillion deficit in 30 years. We now think it's closer to 130.”
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“100% of the borrowing from today through the next 30 years. Interest, health care costs, Medicare.”
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“Obesity, taking on diabetes, being 33% of all health care spending in this country.”
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“We're actually now 6, 700 billion dollars more in borrowing.”
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“At the end of the decade, we're going to be well over $48 trillion [in debt].”
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“We're clicking off a trillion dollars about every 125 days.”
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“We're supposed to be working on the 2025 budget.”
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