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David Schweikert: “We will almost double [the public sold debt] in the next 10…”

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 19:48

So this is debt that's auctioned off. You know, the Japanese own some, the Chinese own some, but we own most of it was around 28 trillion. We will almost double [the public sold debt] in the next 10 years. Gotta deal with the reality. But if you're gonna rage at me because I said the bond market's gonna be running your country soon, don't rage at me. (19:48–19:51)

CLAIM

Asserts that U.S. public sold debt will nearly double in the next decade.

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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