East Arizona News

U.S. Representative David Schweikert delivered a speech on the House Floor highlighting the alarming rate at which the United States federal government is borrowing money. He revealed that the borrowing rate has reached over $80,000 every second, a figure that has not been seen since the COVID-19 pandemic. Schweikert emphasized the need to address this growing issue, stating, "We did something today that we've never done before – other than in the middle of COVID. But we did something very special today. Over the last 365 days, our borrowing has increased so much the last two months, we're [borrowing] $80,600 a second."

The congressman also discussed various technological advancements and their potential to address pressing challenges. He highlighted carbon capture technology, which he argued the Left has resisted due to its compatibility with natural gas usage. Schweikert emphasized the importance of considering breakthroughs in carbon capture technology and its ability to sequester or convert carbon into other products. He stated, "There is a solution here...I argue there is a technology that actually solves both of our problems."

Schweikert also touched upon the development of a fentanyl vaccine, highlighting the devastating impact of fentanyl overdose in the United States. He expressed optimism about the potential of a vaccine to help combat this crisis, stating, "It turns out we're on the cusp of having a vaccine...What if you could start to remove the high from some of these incredibly addictive synthetic drugs?...This is optimistic. This is loving people."

The congressman further discussed the approval of the world's first CRISPR-based drug to treat sickle cell disease by the FDA. He acknowledged the high cost of the drug and the need to make it accessible to those who need it. Schweikert emphasized the significance of this development, stating, "Finally, we've talked about CRISPR...It is here. It has been done. It is approved. It is available. One of the miseries in our society actually now has a cure."

Schweikert concluded his speech by calling for a shift in focus from managing misery to finding cures. He expressed frustration with the idea of simply building more clinics to manage illnesses instead of investing in research and development for cures. He stated, "What's more moral – spend money, build more clinics, or spend some money, get more economic growth because you've cured, you've ended the misery? How do I get this body to see that vision, that it's great economics, great growth, and it's also moral?"

In his speech, Representative Schweikert highlighted the urgency of addressing the federal government's borrowing rate and discussed the potential of various technologies to tackle pressing challenges. He emphasized the need for bipartisan cooperation and a shift towards finding cures for societal issues.

For additional details, please follow this link: https://schweikert.house.gov/2023/12/13/schweikert-federal-borrowing-costs-eclipse-80000-every-second/