to my appropriator friend, this is the game that we play, and this is where we talk past each other. Can I give an actual example? Clean coal technology, appropriated August 18, 2015; unobligated balance, $2 million. In the scale we deal with, when we borrow approximately $6.5 billion every day, we are, right now, burning through about $71,000 to $72,000 a second. That is our borrow. I actually think I voted for this in 2015, but it is still sitting in the account, unspent. Maybe, if we are doing our jobs, we should go back through and say: Do we still want this? Do we still want to do this? This is our job. Instead, we are stacking. Mr. Chairman, I will say it again: We are borrowing close to $72,000 every second. The Joint Economic Committee and our math is that we are going to borrow 7.3 percent of the entire economy this fiscal year, the fiscal year that we are in right now. When you hear the economists both on the Democratic side and the Republican side running around saying: We should only be borrowing 3 percent, that would mean almost $1.8 trillion of cuts this fiscal year to get to a 3 percent borrow. Most of the borrow, or the vast majority, is interest and healthcare, but we are not allowed to tell the truth about those mechanics. Is it appropriate to be engaged in stacking? This is something that was appropriated in 2015. It has sat in the account, static, but we are just going to stack on top of it.
David Schweikert: “to my appropriator friend, this is the game that we play, and this is where we talk past each other. Can I give an…”
On the recordSeptember 4, 2025
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govinfo.govEditor's note · Context
Discussing federal borrowing and unspent appropriations during a floor speech.
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