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JUST IN: David Schweikert Delivers Blistering Condemnation Of US Debt Situation, Economic Outlook

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  • Опубліковано 10 лип 2023
  • Rep. David Schweikert (R-AZ) delivered a dire warning about the state of the US Debt to GDP ratio and what it portends for the American economy in the relatively near future.
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КОМЕНТАРІ • 81

  • @kenbecht6892
    @kenbecht6892 10 місяців тому +1

    This is a MASTER CLASS that EVERY AMERICAN SHOULD WATCH.
    We are so SCREWED.

  • @elezabeththomas5250
    @elezabeththomas5250 Рік тому +2

    My per diem is $ 12,000 below poverty! Five bucks won't purchase toilet paper!
    We need congressional action NOW!

  • @wade5414
    @wade5414 Рік тому +1

    EXCELLENT

  • @taroman7100
    @taroman7100 Рік тому +21

    What's sad about these meetings is where is everyone? Where are any members of Congress?

    • @treffensaintjohnllc2913
      @treffensaintjohnllc2913 Рік тому +2

      It is not uncommon for congressional presenters to be speaking alone. You can find similar vacancies in many other videos.
      Schweikert is not speaking to his colleagues; he is reaching out to we the people.

    • @ronin6158
      @ronin6158 9 місяців тому

      onlyfans

  • @lavonburbank4430
    @lavonburbank4430 Рік тому

    Thank you

  • @carolbruckman8082
    @carolbruckman8082 Рік тому +6

    Thank you, Congressman! 👍💯❤️

  • @treffensaintjohnllc2913
    @treffensaintjohnllc2913 Рік тому +7

    David Schweikert is my representative in Arizona. I love the guy!

  • @sulphate3348
    @sulphate3348 Рік тому +5

    This is penultimate sadness. There are none in attendance. The Republic is de facto bankrupt.

    • @treffensaintjohnllc2913
      @treffensaintjohnllc2913 Рік тому +1

      It is not uncommon for congressional presenters to be speaking alone. You can find similar vacancies in many other videos.
      Schweikert is not speaking to his colleagues; he is reaching out to we the people.

    • @sulphate3348
      @sulphate3348 Рік тому

      He is speaking to the choir telling We the People what We.already know. Congress should be speaking to each other “in session” and debating the nations spending problem.

  • @bonnieshellito5245
    @bonnieshellito5245 Рік тому +6

    We need Trump back now, we know how awesome it was with Trump, Biden out Trump in.

    • @davekearney1944
      @davekearney1944 Рік тому

      Trump added almost 8 trillion to the debt in 4 years. It's easy to look prosperous when you're going that much further into the red,
      During his administration a lot of people were thinking "happy days are here again " but down the road somebody has to pay that back.

  • @SherryAdcox
    @SherryAdcox Рік тому +2

    David must be the only one working.

  • @beaujo
    @beaujo Рік тому +12

    Could the national debt be more of a threat than climate change?

    • @cherylconklin3288
      @cherylconklin3288 Рік тому

      Climate change is another Demorat Hoax❗❗

    • @insertlastname
      @insertlastname Рік тому

      Climate change or global warming?

    • @beaujo
      @beaujo Рік тому

      Isn't global warming part of climate change? How about either of them?

    • @ZackarySchejbalCODBO2RGM2
      @ZackarySchejbalCODBO2RGM2 Рік тому

      @@insertlastname Both are just part of nature. Climate Change and Global Warming are no different than hurricanes and tornadoes. We cannot control climate change and global warming just like we cannot control hurricanes and tornadoes. Instead we develop and research ways to adapt as a species.

    • @newtoniantime8804
      @newtoniantime8804 11 місяців тому

      US Federal Debt $31,5 Trillion, US Household Debt $17 Trillion, US Non-Financial Corp. Dept $13 Trillion.
      Poorest country on earth?? What will happen when the recession hits? Just watch bonds yields, hard recession will happen and fed have probably already pushed up the numbers too much. 1929 again, here we go.
      One more thing: this was all planned.
      Only stupid people borrow, borrow and borrow thats a fact. The notion that taking debt is "free" will hit the innocent people in the US in the face. When the world don't want to lend US more money or trade as much.
      Actually that hit in the face will happen all around the world to normal people, China will probably be the only one that don't get a K.O.
      Default incoming.
      AI era will take over after this match is over. Atleast Klaus aka Mr WEF will be happy.

  • @steveladner4346
    @steveladner4346 Рік тому +6

    We're about to watch the largest check in history bounce to the moon.

  • @browneyelady6726
    @browneyelady6726 Рік тому +5

    Fighting is not the word. Stop spending NOW. No more deals NO more NATO deals NO more Ukraine deals...NO MORE DEALS.

    • @cherylconklin3288
      @cherylconklin3288 Рік тому

      Over $150 billion given to Ukraine & it's far from over, just approved another generous taxpayer gift 🤬

    • @Norzel7
      @Norzel7 Рік тому

      All of that crap is dwarfed by socsec and medicare. Throwing money abroad is a problem; but cutting those spendings will do nothing against the looming threat of population collapse.

  • @waldensmith4796
    @waldensmith4796 Рік тому +6

    A very educational presentation on the US debt to GDP ratio. This presentation reveals the need for the US to get their Fiscal House in order. Keep up the good work at Forbes.

  • @tdgarakani
    @tdgarakani Рік тому +4

    More than 4000 thousands of people have watched your presentation.!!!!
    I truly believe that people are numb and they cannot understand how debt can be destructive!!!
    Your presentation was informative and useful. I learned a lot.
    Where is everyone, those who vote yes for borrowing money?

    • @treffensaintjohnllc2913
      @treffensaintjohnllc2913 Рік тому +2

      I wish that were true. You are actually citing the number of subscribers to the Forbes Channel, not the number of views of this video.
      David Schweikert is my representative in Arizona. He is much loved in these parts.
      A good and decent man he is.

    • @newtoniantime8804
      @newtoniantime8804 11 місяців тому

      Default incoming.

  • @treffensaintjohnllc2913
    @treffensaintjohnllc2913 Рік тому

    @ 18:30: We are awash in a glut of computer chips???? I read only a short time ago there was a shortage.

  • @chip2373
    @chip2373 9 місяців тому

    If any Member of Congress wants to be taken seriously. They need to turn the C-span cameras around so we citizens can see the massively packed chamber listening with wrapped attention to every word. And if they want to cut spending, cut their own office expenditure first by 50% and return the taxpayers money to the treasury. Blasting an empty chamber with hot air is not doing your job. Go find some members, and START ACTUALLY DOING SOMETHING!!!!

  • @toddmiller7876
    @toddmiller7876 10 місяців тому

    Who was the president that raised the national debt, more times than any other. Then you will know why we are here.

  • @insertlastname
    @insertlastname Рік тому

    Thank you Briben for making sure the world stops using the US dollar for trading

  • @davids.2072
    @davids.2072 Рік тому +2

    What , Why :(

  • @ethan6030
    @ethan6030 Рік тому +6

    - Lower taxes
    - Innovate and produce a lot more goods and services to promote economic growth
    - Cut from mandatory spending (healthcare, social security, etc)
    - Impose congressional term limits
    - There’s another solution too but this comment will likely be removed if I say it. Frankly, none of the above things can be done unless it’s done first.
    If we don’t start doing these things, this Republic (or what’s left of it) WILL END when the interest payed on the debt we’re creating becomes too much to make payments on.
    As we can see, the vast majority of Congress does not have the resolve to meaningfully solve this problem because they’ll be hated by the masses (to put it lightly). Likewise, the public doesn't understand the gravity of the situation we will ALL one day be facing whether we like it or not. It seems to be only a matter of ‘when’ now.
    But Jesus Christ is bigger than all these problems which is why I remain hopeful. My hope is in him, not the government.
    For the wages of sin is death, but the free gift of God is eternal life through Jesus.

    • @treffensaintjohnllc2913
      @treffensaintjohnllc2913 Рік тому

      Excellent comment!!!

    • @Norzel7
      @Norzel7 Рік тому

      A lot of money could be freed from medicare by simply promoting healthy diet instead of whatever the heck FDA is doing. Majority of illnesses, diabetes being most common, come from carb addiction.

    • @insertlastname
      @insertlastname Рік тому

      Too rational

  • @reubensteiner5100
    @reubensteiner5100 10 місяців тому

    Where are the other people there looks like you're talking to yourself

  • @thelastbison2241
    @thelastbison2241 Рік тому +4

    I used to think being able to see everything with very foggy and sometimes unreliable lenses was a terrible punishment. I guess being able to see better, in Congress, and dealing with morons and unable to change anything would be even more of a suffering. But, at least those get their name in the history books!

  • @uxydna
    @uxydna Рік тому +2

    You know he's honest and legit when there's no one listening

  • @rafaelmarquez5916
    @rafaelmarquez5916 10 місяців тому

    These crooks changed the language to justify blaming SS for the debt. When the problem for decades and using it to pay government debt which it was not created to do.

  • @buchanansleeve7427
    @buchanansleeve7427 Рік тому +2

    A billion U.S. dollars worth of gold would weigh approximately 27 metric tons or 59,524 pounds. Now he is talking trillions just imagine that!

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    @elijah34df Рік тому +7

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    • @evelyn123lo
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  • @michelelindseth8250
    @michelelindseth8250 10 місяців тому

    Are you speaking to an empty room?

  • @808blacktaro
    @808blacktaro Рік тому

    War next 😑

  • @sepehrruhe7154
    @sepehrruhe7154 Рік тому +1

    With Over 800 bases worldwide.
    It's like we need more money buying guns,etc....than spending money on our family themselves, to have a better quality life.
    Greed equals Evil, anyway you look at it.🎉

    • @Shyste_p
      @Shyste_p Рік тому +1

      The video specified it wasn't defense spending

  • @wadepearce6656
    @wadepearce6656 10 місяців тому

    Cut out smoking maybe

  • @larryhardee1914
    @larryhardee1914 Рік тому

    The government just in the past two years(if you believe the government numbers) lowered the price of it’s debt by 13%. And raised the prices we pay by the same amount. Sweet deal if you like government more than yourself.

  • @youngastro4701
    @youngastro4701 Рік тому

    I fucking care

  • @AvgJoeSmo
    @AvgJoeSmo Рік тому +1

    Holy moly!! Who da fook is dat guy???
    Good job sir.....
    You broke that down beautifully...
    Buuuuut....
    The C.i.a would like to have a word with you.......
    R.i.p.... 😂😂😂😂😂😂😂😂😂😂😂

    • @Norzel7
      @Norzel7 Рік тому

      He has a board with 2022 stats because he's been repeating this speech, with slight variations, for literal years. Nobody under that roof gives a rat's ass about what's going to happen in nine years.

    • @wadepearce6656
      @wadepearce6656 10 місяців тому

      So what's the plan
      Any Ideas