Rep. David Schweikert, who represents Arizona’s 1st district in the U.S. Congress, recently used his social media platform to raise concerns about the national debt and bond market volatility.
On February 10, 2026, Schweikert posted: “National debt is $38.56 trillion and on track to hit $39 trillion by April. That is $286,108 of federal debt on every household after growing $2.35 trillion in one year, about $74,379 every second. Tell me how that is anything other than Washington failing basic math.”
The following day, on February 11, he commented on changes in the bond market: “Bond traders now treat U.S. debt like a trade to flip instead of a rock-solid asset to hold. There’s a volatility index for our bonds, and countries like Greece can sell 10-year bonds cheaper than we can. People who actually watch the bond market should be terrified.”
Later that same day, Schweikert addressed government borrowing and spending priorities: “Last year tax collections were up 10%. Washington still borrowed $2.34 trillion, roughly $74,000 a second. We are now borrowing more than the entire defense and domestic budget combined. Step one: crash health-care costs with technology instead of more borrowing.”
Schweikert has represented Arizona’s 1st congressional district since 2011 after replacing Harry Mitchell and previously served in the Arizona House of Representatives from 1991 to 1995.[source] He won reelection in both the 2022 and 2024 general elections.[source] Born in Los Angeles in 1962 and currently residing in Fountain Hills,[source] Schweikert holds degrees from Arizona State University.[source]
