David Schweikert: “As you know, the first quarter of this budget year-- because budget years aren't the same as calendar years--came in at…”

“As you know, the first quarter of this budget year-- because budget years aren't the same as calendar years--came in at 0.7. So we didn't even make a full percentage point of gross domestic product growth. Once again, this is geeky and people's eyes are glazing over. Why this is important is because that economic growth is what helps create the jobs and the trade and the velocity in the economy, and that velocity ends up creating the tax revenues and the revenues that get paid into Medicare, get paid into Social Security, help us pay and cover our promises. What happens if you keep saying the check is out the door but you don't have the revenues? That is why it is important to pay attention to what we do in tax policy over this coming year, what we do in regulatory policy over this coming year, when we start to take on those factors that grow the economy. I would think this would be both our friends from the left, who thought somehow we could regulate ourselves into prosperity, would see the folly of their policies and see it in the numbers and be willing to come our direction. Because do they care about saving Social Security? Do they care about saving Medicare? Do they care about saving Social Security disability? If they truly care, we have got to do something about economic growth. I want to switch up a couple of the boards and just sort of walk through some of the different numbers here and have this make more sense.…”