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David Schweikert: “We're heading towards now borrowing, excuse me, spending 25%…”

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

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David Schweikert's Address on Economic Challenges and Policy Solutions

Published | Video Starts at 06:36

… still got the same percentage of the economy in total tax receipts because the economy grew bigger. Our crisis, particularly the last decade or two decades, is this gap here We're heading towards now borrowing, excuse me, spending 25% of the entire economy. So think about this. This year where the economy has actually been fairly decent. We're doing okay in our tax receipts. We're right on target. (06:36–06:42)

CLAIM

Asserts that U.S. government spending is approaching 25% of GDP.

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