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David Schweikert: “We've refinanced about 8 trillion and bring to market an…”

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

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Final September Floor Speech - David Schweikert

Published | Video Starts at 02:22

Congress has made the decision that those who will really run this government, those who really run this country, will be called the bond market. Because if you need to refinance like we did this year, this fiscal year, We've refinanced about 8 trillion and bring to market an additional 2 [trillion this fiscal year]. So you're basically sitting on $10 trillion. And that's not even counting the short term where it was a 30 day and six months and those things that had to … (02:22–02:34)

CLAIM

Asserts that the U.S. refinanced $8 trillion and issued an additional $2 trillion in the fiscal year.

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