Rep. Schweikert: Congress Must Get Serious About Reining in $34 Trillion National Debt
March 06, 2024
March 06, 2024
WASHINGTON, March 6 -- Rep. David Schweikert, R-Arizona, has issued the following news release:
U.S. Representative David Schweikert (AZ-01) delivered a speech on the House Floor last night explaining how the Social Security Trust Fund is projected to be emptied in nine budget years and that at the current borrowing rate, overall borrowing costs will approach $3 trillion this fiscal year, which would more than exceed the Congressional Budget Office's latest projections. Rep. Schweik . . .
U.S. Representative David Schweikert (AZ-01) delivered a speech on the House Floor last night explaining how the Social Security Trust Fund is projected to be emptied in nine budget years and that at the current borrowing rate, overall borrowing costs will approach $3 trillion this fiscal year, which would more than exceed the Congressional Budget Office's latest projections. Rep. Schweik . . .