David Schweikert: “You have to keep trying. My argument is that there is a path. Madam Speaker, I appreciate you tolerating us, but there…”

“You have to keep trying. My argument is that there is a path. Madam Speaker, I appreciate you tolerating us, but there is a path where you can make this math work. The problem is it is going to be hard. There are going to be people who are upset because you are making them rethink how they do their business. You are going to make bureaucrats either rebuild their bureaucratic model or actually go find a job in the private sector, but we don't have a choice. Be prepared. There is a way to save us. One of our economists has played some math games, and the theory is depending on where interest rates are at, because functionally the bond market is getting close to running this country, depending on where interest rates are, you may have 3, 5 years, could be longer, where a movement in the bond market starts to consume all your variability. At that point, it is almost too late to do major policy. At that point, you are doing policy to pacify those whom you are trying to sell your debt to. {time} 1800”