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David Schweikert: “We already know the interest number now looks like it's…”

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

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Schweikert: Congress Has Handed Control of Nation Over to the Bond Market

Published | Video Starts at 07:15

That's all we vote on. Everything else is on autopilot. And on my chart here, I have 890 billion as interest. Well, We already know the interest number now looks like it's going to be 1.1 [trillion]. It could actually, if interest rates stay where they've been this week. 1.2 trillion making interest. So one more time, let's do this. Medicare will be 1,450,000,000. (07:15–07:24)

CLAIM

Asserts that interest payments are projected to be $1.1 trillion.

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