Once it is delivered to you, once you receive it, once it is sent to
you, then

10 days later, if you don't sign it, it becomes law. Ten days later, it
becomes law, not counting Saturdays and Sundays. Ten days later, it
becomes law. Then when it becomes law, Mr. President, you didn't sign
it so that gives you a way out.
  You didn't sign it. It became law, and you can go out and tell people
how you were opposed to the many things that I mentioned. How you were
opposed to helping people who are renters acquire a place to call home.
How you were opposed to helping the builders construct more homes so
that people can have a place to call home.
  You can go out and talk about that in your very own way. So you don't
have to sign it, but it does have to arrive in your space. You have to
receive it, and it has to be sent to you. If it is sent to you, then
the 10 days will start from the day that it is forwarded to you.
  My hope is that it would be done if it hasn't been done and that the
10 days would run. I know, Mr. President, that you enjoy having other
people take responsibility for your inactions and your actions.
  Since you enjoy it very much, my fear is that you will encourage that
it not be sent to you. You will push back on it being sent to you so
that later on, you will be able to say: Oh, I never got it, so I
couldn't sign it. That would give you your way out. You would push
back.
  Well, I would hope that that pushback won't be sufficient. I would
hope that you would receive it so that either you will sign it and move
on, or it is not signed and it passes, or you can veto it.
  If you veto it, I believe that with the number of votes that I have
called to your attention for passage in the House and Senate, that veto
can be overridden. Again, you are off the hook. You are off the hook,
but my fear is that knowing you, you are going to do everything that
you can to avoid having that get to your desk so that you can then
blame someone else for your inaction, which really would be your
actions because you would have rejected having it being sent to you in
the first place.
  Mr. Speaker, I close with this. I am proud to have been a person to
vote for this piece of legislation. It is landmark. It is going to make
a difference in the lives of people once it becomes law. My hope is
that it will become law expeditiously because there are many aspects of
it that will have to be activated, and it will take time for these
things to be properly activated so that they become meaningful and can
function.

                              {time}  1420

  I am hoping that you will sign it, but, Mr. President, if you don't
sign it, here is what you are doing. You are providing another piece of
ammunition for the countdown to impeachment.
  Now, why would I say this? Because, Mr. President, you have angered a
good many Senators. A good many of them who might have considered other
things will give some consideration to this word: impeachment.
  Impeachment starts in the House. It is the Senate that will vote to
determine whether you are a person who should be actually convicted of
the charge. The House acts as sort of a grand jury--not the same, but
similar to. You have caused a lot of people in the House, Mr.
President, who are going to give consideration to this word.
  Now, you may not be impeached for this bill, but you are giving
people reasons to consider your impeachment for legitimate reasons that
already exist, by the way. For legitimate reasons, you should be
impeached already, but you haven't been.
  The countdown is still on. What you are doing is adding fuel to the
fire of impeachment that may, at some point, become more than you can
manage.
  I really do believe, Mr. President, that this act can help you by
signing it, this bill. It is going to hurt you immensely if you don't
sign it, not physically. I don't want your FBI concluding that somehow
I would cause you any harm. I would never want to see you harmed, and
anybody that would want to see you harmed, I am absolutely opposed to
whatever they might do. You deserve life, liberty, and the pursuit of
happiness. I can tell you this: You also deserve impeachment.
  The countdown will continue. I trust that you will stall it and do
something to benefit yourself by simply signing a piece of legislation
that the American people want. The American people want it to the
extent that the builders, Mr. President, are going to contact you, or
some aspect of your administration, about it.
  You are going to have citizens calling your office at the White
House. You are going to have people writing you letters. You are going
to have plenty of communication to contend with because this piece of
legislation is pervasive. It is huge. You are going to have people who
have a vested interest in this legislation contacting somebody to let
you know that you should sign this legislation.
  And still I rise, an unbought, unbossed, unelected, liberated
Democrat.
  Mr. Speaker, I yield back the balance of my time.
  The SPEAKER pro tempore (Mr. Haridopolos). Members are reminded to
refrain from engaging in personalities toward the President and to
direct their remarks to the Chair.

                          PRESENTING THE MATH

  (Under the Speaker's announced policy of January 3, 2025, Mr.
Schweikert of Arizona was recognized for 60 minutes as the designee of
the majority leader.)
  Mr. SCHWEIKERT. Mr. Speaker, this is sort of our weekly attempt to
see if we can use math to annoy people, so let's actually have some fun
here. I am going to try three different things in this presentation.
  One, we are going to actually talk about the real driver of interest
rates, housing affordability.
  The second thing we are going to actually talk about is sort of the
cycle of fraud in so many of these government programs. Yesterday, in
my Joint Economic Committee, we did a high-level fraud in government-
sponsored healthcare, Medicaid, and other programs--some wonderful
data.
  Then, the third thing, we are going to step on one of the third rails
of politics, and we are going to tell the truth about demographics and
the financing of Medicare and some of the things we are going to have
to do to actually keep it stable.
  Let's actually start to tell the truth. How many of you have seen
this chart? It has been one of my opening charts for year after year
after year, trying to help everyone--staff, Members of Congress, anyone
who is crazy enough to watch this--with the reality.
  You see the blue area here? That is functionally the only thing a
Member of Congress gets to vote on. You get to vote on defense and
nondefense discretionary. Everything else is substantially on formula.
  Why this is so important is that I keep trying to explain to people
to understand that Social Security is the number one spend. It is going
to come in about $1.65 trillion. Interest is the second biggest spend
in our government at $1.2 trillion. Medicare is $1.1 trillion. Medicaid
and ObamaCare, ACA subsidies, are about a trillion. Defense is actually
number 5.
  The thing that is in the Constitution is number 5 in our spending
stack, and we have a problem. If anyone was paying attention in the
math there, if we are going to take in $5, $5.5, $5.25 trillion in tax
receipts, did you notice that by the time I got to the Medicaid ACA
subsidies, we were out of money?
  That means this year, my math is we are going to borrow about $2 to
$2.3 trillion. Once again--think about this, Mr. Speaker--last year,
for every dollar we took in in tax receipts, we spent $1.43.
  Remember, Congress just passed the housing bill. I voted no on it
because there are a number of things in there--being a guy who actually
has a background and actually even a degree in finance and housing, I
don't believe it built another house. It created some programs,
expanded this and that, but it didn't produce another house. It didn't
do the things necessary.

  One of the hardest parts is having an honest conversation around
here--I am going to show you. We have actually done some academic
literature. Your 30-year mortgage today is going to be at 6.5 percent.
Mr. Speaker, how would you like to be 5.5 percent? Do you know why it
is a full point higher? U.S. government borrowing. When almost