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David Schweikert: “We estimate that it's over a trillion and a half dollars…”

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

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David Schweikert's Address on Economic Challenges and Legislative Solutions

Published | Video Starts at 08:56

We call this SF133. So it's money, it's been appropriated. It's sitting in their account. So it's cash. We're paying interest on it because that money was borrowed. We estimate that it's over a trillion and a half dollars, 1.5 trillion [in forgotten funds]. You gather that cash and realize you don't have to pay interest on it anymore. Talent based ma Reform you just paid for our reconciliation bill and put some more money in the bank. (08:56–09:02)

CLAIM

Asserts that there is an estimated $1.5 trillion in unspent, borrowed funds sitting in agency accounts.

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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