David Schweikert: “Excellent. If I do this quickly--and I apologize for talking so fast. I have had a lot of coffee today. I am trying to…”

“Excellent. If I do this quickly--and I apologize for talking so fast. I have had a lot of coffee today. I am trying to detox. Something almost no one around here pays attention to, but it is my job on Ways and Means and my job with the Joint Economic Committee to talk about the financing. How do you have a country that if we are going to burn $2-plus trillion this year, that means you are bringing at least a quarter trillion dollars to market every month. Yesterday and the day before that and the day before that, we had to borrow about $7.3 billion that day; $7 billion a day, that is so far this fiscal year. If you do it over the last 12 months, it is almost $6.5 billion a day is what we borrow. You don't need to actually pay real detailed attention to this, but what I am trying to show is the average maturities on our bonds and that they have to be refinanced. Every quarter, this is what is coming to market and the fact that we are moving away from much lower interest rates to much higher interest rates, but there are other things going on.”