U.S. Politics and Fiscal Policy by David Schweikert
David Schweikert: New York Medicaid home-care spending projected to reach $12B in 2025
David Schweikert notes that spending on New York’s Medicaid home-care program has increased from $2.5 billion in 2019 to a projected $12 billion in 2025. He emphasizes the need to verify care ...
Social Security set for major benefit cut in six and a half years, David Schweikert warns
David Schweikert warns that Social Security will face a 24 percent reduction in benefits in about six and a half years under current law. He cautions that this reduction would double senior ...
David Schweikert: U.S. borrowing adds $2 trillion in interest if rates stay high
David Schweikert highlights that Washington is currently borrowing over $90,000 every second. According to Schweikert, if recent interest rate increases persist, this could result in an ...
Small rise in interest rates could cost taxpayers $1.3 trillion, David Schweikert warns
David Schweikert warns that a 40-basis-point move in interest rates, although seemingly minor, could have significant financial implications. He states that if such a change persists, it may ...
David Schweikert: Arizona lost $2.8 billion to sober-living fraud
David Schweikert highlights that Arizona experienced $2.8 billion in sober-living fraud. He suggests that a $1,500 accounting AI package could have detected the fraud immediately, arguing that ...
Unified fiscal approach tackles national issues, David Schweikert notes
David Schweikert proposes that the most pressing problems faced by the country and their optimal solutions can be understood through a single approach he refers to as a Unified Theory for Fiscal ...
David Schweikert: Washington borrows money to pay interest on debt
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 ...
Greece issues 10-year bonds at cheaper rates than U.S., tweet author notes
Tweet author, industry influencer, observes that Greece is currently able to sell a 10-year bond at a lower cost than the U.S. This situation is contrasted with the political cycle, suggesting ...
David Schweikert: U.S. government finances compared to household with $1.3 million in debt
David Schweikert draws an analogy between U.S. government finances and a household budget. He highlights that the government brings in $52,000, spends $73,000, and is $1.3 million in debt, based ...
U.S. debt reaches $39 trillion and interest costs increase, David Schweikert warns
The U.S. national debt has now surpassed $39 trillion, according to Representative David Schweikert. He emphasized that this growing debt should be alarming for anyone with children or those ...
David Schweikert: Aging population drives higher U.S. spending and debt
David Schweikert draws attention to major U.S. demographic shifts, noting that the number of 18-year-olds is unchanged from 20 years ago, while the population aged 65 and above has doubled. He ...
