David Schweikert: “I think the chairman actually was generous. I think it is a lot more than a sledgehammer. This is like a small nuclear…”

“I think the chairman actually was generous. I think it is a lot more than a sledgehammer. This is like a small nuclear weapon. Partially that was the point. Obviously, I care tremendously about IHS and have worked really hard on that. I am just trying to work through this. I want to put this in a moral paradigm. I have my 15-month-old sitting behind me, but this is no longer about the next generation. It is about your own retirement. We have a math problem. It is a brutal math problem. One more time: We borrow every dime of discretionary; we borrow every dime of military; and now we are actually borrowing hundreds and hundreds of billions of dollars of what is mandatory. Some of this breaks my heart, but I don't seem to be able to communicate to my brothers and sisters how ugly the math is. One more time: As of yesterday, we were borrowing $78,000 every second. $78,000 every second. For our friends on the left, they care about this. We care about this. It is just so hard to turn off the faucet. The very last thing, and then I am going to sit down and shut up and go away. The debt is primarily driven by demographics. It is something we don't tell honestly, but we got old. If you actually look at from today through the next 30 years, 100 percent of the projected debt, 75 percent of it is Medicare, 25 percent if we backfill Social Security in 9 years when the trust fund is empty.…”