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David Schweikert: “We've had one or two months, maybe three months where we…”

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

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'Why Are We So Terrified To Tell The Truth?': Schweikert Warns Of 'Death Spiral' Facing The U.S.

Published | Video Starts at 08:33

And the fact that this year you're going to spend about 1.2 trillion of your tax receipts in interest. And remember last fiscal or actually over the last 12 months, I think We've had one or two months, maybe three months where we actually had to borrow money to pay for our borrowed money to pay the interest. Think about that. And the fact that now we're starting to see the economists do articles explaining we are all going to be poorer because of the financing costs now on this debt and deficits. (08:33–08:42)

CLAIM

Asserts that there have been months where borrowing was necessary to pay interest on existing debt.

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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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