Political Quotes

David Schweikert: Our tax collections are up almost 10 percent--almost 10 percent. Tax collections are up in the last 12 months. Yet, over…

On the recordFebruary 4, 2026
Our tax collections are up almost 10 percent--almost 10 percent. Tax collections are up in the last 12 months. Yet, over the last 12 months, we have borrowed $2.34 trillion. We are borrowing right now, if you take over the last 12 months, $74,000 every second. You go: But how can that possibly be? Tax receipts are up. Our problem is fairly simple. Refinancing the debt, we have to bring about $10 trillion to $11 trillion to market over this 12-month period, and much of that is debt that was sold a few years ago, when interest rates were very, very low. So it is getting refinanced at today's rates. The other thing that I talk about constantly, because it is my intense frustration around here, is the Democrats and--I am sorry--many of my Republican colleagues have turned healthcare into financial engineering instead of: What does it cost to provide services? What does it cost to help our brothers and sisters be healthy?
Said by
David Schweikert
Republican · Arizona

Editor's note · Context

Discussing the fiscal situation in the United States and healthcare spending.

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