David Schweikert: “As we try to get the boards to line up, we are only going to do three of these today. Mr. Speaker, one of the things I…”

“As we try to get the boards to line up, we are only going to do three of these today. Mr. Speaker, one of the things I wanted to do tonight, and we did it during sort of the debate earlier today--I hear lots of the discussions from our brothers and sisters on the left about the tax bill, and we often tease that this place is often a math-free zone, but I wanted to actually go a little bit bigger on why this tax bill is actually so crucial to every American, whether you be on the left, on the right, or just out there working as hard as you can and not thinking about politics. The chart I have right on the side, this is what our nonpartisan Congressional Budget Office has come up with as our economic growth future. If you take a look over here, you will see 1.8 percent GDP growth for the next 10 years. But we then skyrocket up to just, actually, if you saw the details, just slightly under 2. And then the next decade, so 30 years from now, we fall back down to 1.9 percent GDP growth. Why this is crucial is, as baby boomers are retiring, we have lots of promises. You have heard discussions, just even someone that was behind the microphone 40 minutes ago, on the other side, talking about Medicare. There are estimates out there that, over the 75-year actuarial window, Medicare is $105 trillion underfunded. It is the largest unfunded liability we know in America and, possibly, the world. This is what happens when you are growing at 1.8 percent GDP.…”