Rep. David Schweikert

This is where the math gets ugly. Once publicly held debt hits 100% of GDP, mandatory spending and interest start deciding what gets squeezed.

So much for April.

At what point do we stop calling this budgeting and start calling it national decline? We went from $38 trillion to $39 trillion in debt in 147 days. Debt moving that fast means interest takes a bigger cut and the debt markets get a bigger say. If we intend to save this country, we have to do the hard policy on health care, growth, and productivity before the bond markets do it for us.

LIVE NOW: JEC Hearing titled “Keeping Our Promises:  Labor Inflows, Maintaining Competitiveness, and Supporting an Aging Population” x.com/i/broadcasts/1…

We just crossed $39 trillion in debt. That number should scare anyone with children or anyone hoping to retire with some dignity. The interest bill keeps climbing. Every year we refuse to deal with the math leaves your family with a weaker country.

The health care revolution is here.

Glad to spend the morning with Phoenix city leadership. Appreciated the candid conversation on housing and homelessness, water, and the work ahead.

We are now borrowing $93,884 every second this fiscal year. Not Republican or Democrat. Just math.

Good meeting with Prescott city leadership on airport operations and the work ahead at Prescott Regional. Most people would never guess it is the 18th busiest airport in the country by total aircraft operations.

The Joint Economic Committee will hold a hearing on labor inflows and American competitiveness as the nation faces an aging population and stagnant fertility. We will examine how stronger workforce policy and high-skilled immigration can support growth and innovation.

Same number of 18-year-olds as 20 years ago. Double the number 65 and up. That is what is driving this spending and driving up the debt.

Happy St. Patrick’s Day! 🍀

Too much of Washington still talks about health care like the only questions left are who gets billed and how much government has to borrow to cover it. Meanwhile the actual revolution is already here. There are companies working on multi-cancer detection from a handful of drops of blood you could extract at home, with a target price around $150 so you could test multiple times a year. Utah has already done a sandbox where AI renews prescriptions. Wearables are moving toward being a medical lab on your body that can feed information to the provider so they know whether you actually need to come in or whether care can be handled automatically. The newest Apple Watch is already an FDA-approved medical device for the heart. If we had the nerve to legalize the disruption instead of protecting the old way of doing business, we could change the cost of care in this country in a very big way.

FOR THE FIRST TIME SINCE 2019 YOUR SUN DEVILS ARE DANCING!!! 💃💃💃

Washington is now borrowing a record $83,720 a second. You can only live on fantasy for so long before the bond market shows up with a bat.

I joined a letter pushing the administration to treat illegal Chinese vapes like the threat they are. Too many parents know the feeling of finding one in a backpack or under a bed and realizing somebody on the other side of the world designed it to look harmless so a child would reach for it. These products are aimed at kids and shipped into the United States in violation of both U.S. and Chinese law. Any deal with China should require Beijing to stop them at the source.

What happened in West Bloomfield is sickening. My prayers are with the Jewish community and with the law enforcement officers and security team who stood between a violent attacker and innocent families. Antisemitism has no place in America.

Kids get about 7% of federal spending today and by 2036 that falls to 6%. We owe the promises already made to seniors. But by 2036, 52% of federal spending goes to pensions and health care while defense falls to 12%. I’m looking at a country where the worker base barely moved for twenty years while the retiree population surged. Start legalizing the technology that crashes the price of care. Let AI do the routine work. Let wearables and early diagnostics keep people out of the hospital. Force Medicare Advantage to earn its margin by lowering utilization because people are healthier.

We spend $6 on seniors for every $1 on kids, and in 33 months more than half of all federal spending goes to those 65 and up. America has about the same number of 18-year-olds as 20 years ago and nearly twice as many people 65 and older. That is the math underneath the debt.