David Schweikert: “shall we have some fun with math and economics? It is something we just don't hear a lot of here on the floor of the…”

“shall we have some fun with math and economics? It is something we just don't hear a lot of here on the floor of the House. Remember, this is my therapy because I often sit in the back of the room and stew when I hear people say things when it is obvious they didn't pull their calculator out. I am going to try two things tonight, and if you are actually interested in budgets and economics, have fun with me. If you are not, go watch Netflix. We are going to actually try a couple concepts, where the money is going and within that, the scale of our debt and deficits. The fact of the matter is, we are at what is called interest fragility that--think about what happened over the last couple days in the discussions coming from the White House, from us. The bond market actually bounced up about 30 basis points. We were just playing on the back of napkins, the math, and if that had held for an entire year, just those 30 basis points would have been $33 billion of additional interest. I will try to actually explain that and then actually talk about something that is really interesting. The economy from a GDP calculation standpoint, and this is just the economists looking at the vitality in the economy, is remarkably good.…”