David Schweikert: “In some ways, Mr. Kelly and I are the yin and yang of districts. I have a very highly educated district, a fairly…”

“In some ways, Mr. Kelly and I are the yin and yang of districts. I have a very highly educated district, a fairly prosperous district. I represent Scottsdale, Phoenix. I am blessed to have grown up there. I have to accept that the economic experience that a lot of my people have is going to be very different than his, but we are all in the same boat. Let's get back to trying to help people understand the reality. I do need to amend something Mr. Kelly is saying, though. We used to talk here that this debt is an existential risk to our grandkids. I am sorry. It is a risk to your retirement. There is the reality and the math. If you are retiring anytime now and in the near future, you have to understand that we are heading toward the time when we are going to have to turn the printing presses on. When we turn on those printing presses, we wipe out your savings. Besides the misery we create for the devaluing of the dollar, devaluing of every bit of your savings, making it so our kids can never afford--high interest rates out to the future, but it is not a crash. It is actually an extension of potentially decades of misery. Folks don't think this way. I keep coming back to trying to make the tax collection argument. Let's talk about why this is so important. Here is the 1950s, when we had a 90.5 percent tax on the top income earners.…”