NW Valley Times

U.S. Representative David Schweikert (AZ-01) delivered his final speech of July on the House Floor last week, addressing concerns about the nation's debt crisis and its implications for future generations. Rep. Schweikert highlighted that his 8-year-old daughter’s generation is predicted to be the first to live poorer than their parents, attributing this to demographic changes and insufficient resources allocated for aging populations amid declining fertility rates.

Rep. Schweikert emphasized the urgency for Congress to address these issues through policy-making that fosters economic growth and fiscal stability.

In his speech, he noted the imminent crossing of a significant debt threshold: “You see the number? $35 trillion. Guess when we hit it?! We should be very, very excited and proud of ourselves! We did something that so many economists said we would never get to this quickly. My math says this coming Friday, 3 p.m., the United States gross debt will cross over $35 trillion."

He also criticized the lack of discussion around these issues in Congress: "Understand that’s not the way Europeans calculate our debt. They calculate it higher because of our obligated, unfunded liabilities... What we’ve gotten is people coming behind the microphone and not telling the truth... The way you protect Social Security is [knowing] the math and how it actually works.”

Schweikert stressed the importance of understanding economics correctly: “Your country is an income tax-based economic system... When you have someone from the Left who runs around saying, ‘We’re going to raise corporate taxes,’ what they’re doing is basically screwing over the working men and women of the country.”

He further discussed federal spending versus revenue collection: “Our tax revenues are up... but our spending is way up... If you get someone who says, ‘Well those 2017 tax cuts…’ No! Tax receipts are up!”

Congressman David Schweikert serves on several committees including as Chairman of the Oversight Subcommittee on Ways and Means Committee and Vice Chairman on Joint Economic Committee.