David Schweikert: Washington borrows money to pay interest on debt

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Washington borrows to pay debt interest

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Ivan Andriyenko

11.05.2026

David Schweikert: Washington borrows money to pay interest on debt — Washington borrows to pay debt interest

David Schweikert draws attention to the current fiscal situation in Washington, stating that the U.S. government is now borrowing money to pay interest on already existing debt.

His comment highlights growing concerns about the sustainability of public finances in the U.S.

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The cost of U.S. government borrowing has drawn attention in recent market commentary. An industry influencer recently noted that Greece can issue 10-year bonds at lower costs than the U.S.. This comparison comes as policymakers raise concerns about rising debt service expenses.

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