Arizona Congressman Delivers House Floor Speech After Newest MedPac Report Release

Описание: Rep. David Schweikert delivers a detailed and data-driven speech focusing on the federal debt crisis, the importance of accurate data, and the need to modernize government spending through technology and efficiency reforms. His key points include:

Federal Debt & Interest Costs
The U.S. is borrowing at an alarming rate, spending $1.39 for every $1 in tax revenue (expected to be $1.36 this year).
Interest payments on the national debt could exceed $1.2 trillion this year, making it one of the largest federal expenses—even surpassing military spending.
The U.S. accounts for 40% of global sovereign borrowing, despite being only 25% of global GDP, raising concerns about sustainability.

Flaws in Government Spending & Improper Payments
In 2023, the federal government made $236 billion in improper payments (overpayments, underpayments, or fraudulent claims).
Agencies lack modernized systems to track and prevent such losses efficiently.
Schweikert suggests hiring data scientists to improve accountability instead of relying on bureaucratic audits.

The Need for Technological Modernization
Medicare Advantage overpayments are projected at $84 billion this year—reforms could reduce costs without cutting services by incentivizing health improvements.
Encourages modernizing government processes to make them better, faster, and cheaper using AI and data analytics.

Call for Bipartisan Solutions
Schweikert criticizes both parties for ignoring demographic-driven debt and engaging in partisan blame games instead of working on real solutions.
Urges both Republicans and Democrats to embrace technology, efficiency reforms, and modern policy solutions to reduce debt without harming essential programs.
Warns that failure to act will leave future generations burdened with unsustainable debt and economic stagnation.

Rep. Schweikert argues that data-driven policy changes and technological modernization can help reduce government waste, prevent a fiscal crisis, and improve long-term economic stability—but political inertia and outdated bureaucratic models stand in the way. He calls on Congress to act urgently before it's too late.