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David Schweikert: “We are approaching $1.2 trillion of interest this year.”

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

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'If You Are Under 40—I'm A Baby Boomer—I'm Sorry...': David Schweikert Delivers Passionate Warning

Published | Video Starts at 02:16

And for many of the folks here, you get your five minutes of theater and then we add hundreds of billions of dollars of additional interest. I'm going to show you charts here where We are approaching $1.2 trillion of interest this year. I'm going to try to walk through a concept that the spending, particularly what the Democrats did with the Inflation Reduction act, where we're basically saying over the 10 years we're going to be pumping out a couple trillion dollars of subsidies to corporate America. (02:16–02:20)

CLAIM

Asserts that the U.S. is nearing $1.2 trillion in interest payments for the year.

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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