Dear ,
I hope you and your family are doing well. I wanted to provide a few updates on my work this past week for the residents of Arizona's First Congressional District.
Celebrating Arizona's Statehood
This past week, we celebrated 111 years of Arizona statehood. On February 14, 1912, Arizona became the 48th and last state of the continental United States to be admitted to the Union.
I hope you're able to take a moment to reflect on our rich culture and all that our state has to offer. We are so blessed to call the Grand Canyon State our home.
Catching Up With Seth Leibsohn
On Wednesday, I joined the Seth Leibsohn Show to discuss the gravity of the Congressional Budget Office's latest 10-year budget projections and the moral discussions that must take place to save our children and grandchildren from inheriting tens of trillions in debt caused by reckless fiscal policies.
We also talked about President Biden's State of the Union address where he accused Republicans of wanting to cut Medicare and Social Security. For over a year, I've been involved in bipartisan discussions that will keep these programs from going insolvent. The political banter from the President only serves to further divide Republicans and Democrats at a pivotal time when our growing national debt continues to threaten the future of our Republic.
Combatting America's Fentanyl Epidemic
The fentanyl crisis at our border has exploded over the last two years. U.S. Customs and Border Protection has seized over 8,600 pounds of fentanyl at the border since October 1 — enough to kill over 1.9 billion people. Enough is enough. To end this epidemic, we must secure our southern border. I want to hear directly from you about how this crisis has affected you and your loved ones.
What I’m Reading & Why It Matters
Last week, the Congressional Budget Office (CBO) released its 10-year budget and economic outlook. The agency's projections are even more dour than the numbers I presented on the House Floor a couple weeks ago. The CBO report indicated that debt held by the public will hit 118 percent of GDP within a decade — eclipsing the World War II peak — and nearly double to $46 trillion by 2033. CBO also estimates that all three major federal trust funds will be exhausted within a decade.
Models suggest that if we raise the debt ceiling with no intention of fiscal discipline, we'll end up paying higher interest rates. Markets require serious policies to deal with long-term sovereign debt. Read more here.
Thank you for taking the time to read this update on my latest work in Washington, D.C. and Arizona's First Congressional District! If you have any comments or concerns, I encourage you to reach out to my office.
Sincerely,
David Schweikert |