NE Valley Times

April 7, 2025

WASHINGTON, D.C. – Arizona Congressman David Schweikert expressed criticism of the new Senate Budget Resolution, labeling it “business as usual” amid efforts to avoid such a stance. The resolution proposes only $4 billion in cuts, which Schweikert described as being “equal to less than a single day's worth of borrowing."

Schweikert further articulated his dissatisfaction with the Senate during a House Floor speech, particularly condemning their avoidance of difficult decisions. The budget resolution purportedly increases the deficit by $6.9 trillion, with $1.1 trillion attributed to interest, while only providing $4 billion in spending reductions over a decade.

Regarding the bond market, Schweikert noted grievances about the Senate's strategy, stating, “We can’t figure out what the Senate was thinking. Were they just in avoidance, saying, ‘We don’t want to tell anyone we’re going to try to do something’?" He criticized the notion of undermining the U.S. dollar's value, warning of the implications for global capital.

The Congressman highlighted an impending debt increase, saying, “When we all got elected this last November, United States sovereign debt… was around $28 trillion. When we finish this 10-year cycle, we’re going to add another $28 trillion if we do what the Senate sent us.”

Schweikert emphasized the moral implications, sharing concerns for future generations bearing the burden. “We are raising kids who would be part of the first generation to be structurally poorer than their parents,” he stated, linking borrowing money to taxation when paybacks with interest are involved.

He concluded by addressing debt denial, critiquing the Senate's decision to add substantially to the national debt. “Functionally, 32.7 percent of the next decade— what they gave us— is borrowing… additional borrowing,” Schweikert remarked, questioning the political courage required to address fiscal realities.