Our Borrowing Is Terrifying
The House held an evening debate on the national debt and federal borrowing. Representative Schweikert, the main speaker, argued that debt is growing quickly, that interest payments take up a large share of the budget, and that the population over 65 has grown from 41 million in 2011 to 63 million this year while fewer workers pay into the system. He called for cutting spending, using technology to lower healthcare costs, admitting more skilled workers, and addressing Social Security and Medicare, saying Congress avoids these changes out of fear of lobbyists.Written by AI from the debate. Updated .
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