David Schweikert: “I will do my very best not to use up that time. I am not even sure I should do this one to all of you. We will come back…”

“I will do my very best not to use up that time. I am not even sure I should do this one to all of you. We will come back to that previous one and see if we can make it make more sense. Let's see. The left has been in control here for, what are we, about 18 months? Since President Biden was sworn in, off the top of your head, before looking at the slide, how much has been added to the deficit? Under unified Democrat control, how much have we borrowed? Remember, you have a President who almost gleefully gets behind a microphone and says, I have lowered. Well, that is because some of the borrowing during the pandemic was insane. We borrowed $4.8 trillion, and here are some of the things: the rescue plan, the omnibus, you know. You start to add in just the growth of spending, and then what is fascinating is we are now finally starting to see some of these charts that have interest. It is one of the reasons I wanted to touch on that. You do realize our borrowing costs today have almost doubled. Actually, I think they have more than doubled since the day President Biden was sworn in. There is a model out there that says if you had a 2-point higher interest rate on U.S. sovereign debt over--functionally, I think the model was 25 years, 2 points higher. We are 2-plus points higher right now. But if that were to be sustained for about 25 years, at the end of that 25 years, every dime of tax receipts from this government pays nothing but interest.…”