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David Schweikert: “We were supposed to only be borrowing about 1 trillion and a…”

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 08:15

So look, I have not done this chart in years, but we've updated it. But understand it's a little hard to see. We'll put it up on one of our websites, but we're right here, 2024, We were supposed to only be borrowing about 1 trillion and a half this year. Looks like we may double that. So the chart, and this chart is only a few months old and it's already that far out of date. But understand it's an interest rate scenario chart right now as where cbo has us 3.5%. (08:15–08:24)

CLAIM

Asserts that the U.S. borrowing for the year may double the projected $1.5 trillion.

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