WEBVTT - GOPs Identity - June 3rd, Hour 3 0:00:00.320 --> 0:00:04.439 Stay right here for our final news roundup and information overload. 0:00:04.480 --> 0:00:07.480 All right, News roundup and information overload. Our toll free. 0:00:07.560 --> 0:00:09.280 Let me give you our number. It is eight hundred 0:00:09.280 --> 0:00:11.320 and nine four one. Sean. If you want to be 0:00:11.480 --> 0:00:14.840 a part of the program, we welcome back to the show. 0:00:15.280 --> 0:00:18.200 Senator ram Paula Kentucky. I want to talk to him 0:00:18.200 --> 0:00:22.040 about a lot of different issues, the one Big Beautiful 0:00:22.160 --> 0:00:25.440 Bill now that it is in the Senate and some 0:00:25.480 --> 0:00:27.639 of the changes that are being discussed and what it 0:00:27.640 --> 0:00:31.160 would take for him to support it. And number two, 0:00:32.120 --> 0:00:34.879 i'd like to talk to him. Did you see the 0:00:34.960 --> 0:00:41.519 Atlanta FEDS prediction and estimate of GDP growth over the 0:00:41.560 --> 0:00:44.720 first two months of the second quarter is now a 0:00:44.840 --> 0:00:48.159 booming four point six percent. Because the last time we 0:00:48.159 --> 0:00:51.400 were on, we talked a lot about your concern and 0:00:51.920 --> 0:00:54.280 there should be concern about tariffs and getting some of 0:00:54.320 --> 0:00:56.000 these deals done, and I think there's going to be 0:00:56.080 --> 0:01:01.400 more to follow, and I absolutely underst stand your concern 0:01:01.440 --> 0:01:05.080 about that, But four point six percent, if the second 0:01:05.120 --> 0:01:08.400 quarter comes in anywhere near that number, wouldn't you say 0:01:08.440 --> 0:01:10.600 that that is a phenomenal success. 0:01:10.880 --> 0:01:12.559 Yeah, I think it'd be great if we have growth 0:01:12.600 --> 0:01:15.440 over four percent. We'll wait and see what the numbers show. 0:01:15.920 --> 0:01:19.720 A lot of things about the tariff aren't yet set 0:01:19.720 --> 0:01:22.720 in motion. You know, most of the people who tell 0:01:22.760 --> 0:01:24.959 me they are going to have to pay higher prices 0:01:25.000 --> 0:01:28.000 for the goods they sell say that their contracts lock 0:01:28.080 --> 0:01:31.600 them into not raising the price of the goods for 0:01:31.680 --> 0:01:34.759 a couple of months. So many people who import things 0:01:34.800 --> 0:01:37.200 from overseas or saying that their costs will go up 0:01:37.520 --> 0:01:39.880 later on in the fall. So there's going to be 0:01:39.880 --> 0:01:43.080 the adjustment to tariffs. The tariffs are, without question at tax. 0:01:43.640 --> 0:01:45.600 When you tax something, you get less of it, so 0:01:45.640 --> 0:01:48.560 you'll get less trade. And it used to be that 0:01:48.600 --> 0:01:51.680 Republicans work for lower taxes, not higher taxes. We thought 0:01:51.720 --> 0:01:54.760 that bringing more money into the government wasn't the goal. 0:01:54.840 --> 0:01:57.320 Actually the goal was leaving more money in the private sector. 0:01:57.720 --> 0:02:00.360 Well, but yeah, you have to view this through the 0:02:00.400 --> 0:02:03.200 prism of the fact that and you acknowledge this the 0:02:03.280 --> 0:02:05.920 last time you were on that America is getting ripped off, 0:02:06.440 --> 0:02:09.160 that the European Union is ripping us off, that are 0:02:09.880 --> 0:02:13.400 that Canada is ripping us off. All these countries you know, 0:02:13.520 --> 0:02:17.239 friend and follow alike, China totally ripping us off and 0:02:17.680 --> 0:02:20.040 you know, the question is does America at some point 0:02:20.120 --> 0:02:22.800 stand up for itself and say that enough is enough? 0:02:23.080 --> 0:02:26.400 And you know, America go through a little bit of pain, 0:02:26.960 --> 0:02:30.040 but demand that we have either free and fair trade 0:02:30.160 --> 0:02:34.680 or reciprocal tariffs. Now as a as a consequence of 0:02:34.720 --> 0:02:38.480 the President's strong physician, we also have had some incredible benefits. 0:02:38.960 --> 0:02:42.160 I'll list them for you. One ten trillion dollars in 0:02:42.320 --> 0:02:48.040 committed moneys for manufacturing in America, including semiconductors, chips, and 0:02:48.320 --> 0:02:51.119 pharmaceuticals that will be made here. I think those two 0:02:51.160 --> 0:02:55.280 issues are good for American national security. We did have 0:02:55.880 --> 0:03:00.120 you know about, on average twenty five billion dollars that 0:03:00.160 --> 0:03:04.880 we'd never seen before in tariff money because the President 0:03:04.919 --> 0:03:06.520 has taking a stand that we're not going to be 0:03:06.560 --> 0:03:09.399 ripped off anymore. I don't think you want America ripped off, 0:03:09.760 --> 0:03:09.880 you know. 0:03:09.960 --> 0:03:12.799 I think it's important to kind of unpack that when 0:03:12.840 --> 0:03:15.160 we talk about whether or not a country is ripped off. 0:03:15.680 --> 0:03:19.160 Trade is mutually beneficial or basically doesn't occur. So most 0:03:19.200 --> 0:03:21.679 trade that you think is an American in China is 0:03:21.760 --> 0:03:25.040 really Americans going and buying something at Walmart. So when 0:03:25.040 --> 0:03:27.000 you go and you buy a TV at Walmart, and 0:03:27.040 --> 0:03:29.560 let's say it's made in China. You only buy that 0:03:29.680 --> 0:03:33.000 TV if you think that it's beneficial to you. So 0:03:33.120 --> 0:03:37.120 all transactions really that are voluntary or mutually beneficial. You 0:03:37.200 --> 0:03:39.760 want the TV more than you want your six hundred dollars, 0:03:39.760 --> 0:03:41.920 and the person who made the TV wants your six 0:03:42.000 --> 0:03:44.000 hundred dollars more than the TV, and so you make 0:03:44.040 --> 0:03:47.120 a trade. You can all circle around that to them. 0:03:47.200 --> 0:03:48.800 My goodness, at the end of the year, a million 0:03:48.840 --> 0:03:52.240 people bought a TV at Walmart and they were all 0:03:52.240 --> 0:03:54.880 individually happy. But if you say that all the TVs 0:03:54.920 --> 0:03:57.400 came from China, we now have a trade deficit, and 0:03:57.560 --> 0:03:59.960 so people say, well, we were ripped off. 0:04:00.120 --> 0:04:04.320 Basically, no, it's not the trade deficit. It's the terriff differential. 0:04:04.760 --> 0:04:07.400 In other words, that they prevent American goods from going 0:04:07.400 --> 0:04:12.320 into their country, which hurts our farmers, our manufacturers, our 0:04:12.440 --> 0:04:17.240 ranchers and other industries. And I'm not even including intellectual 0:04:17.279 --> 0:04:21.640 property theft. And we're giving free and free access to 0:04:21.680 --> 0:04:24.800 our markets at very low teriff rates. You know, at 0:04:24.800 --> 0:04:28.280 some point, don't we have to challenge the system and 0:04:28.320 --> 0:04:31.400 say make it free and fair or if you want tariffs. 0:04:31.440 --> 0:04:33.960 That's got to be reciprocal. I mean, that just seems 0:04:34.400 --> 0:04:37.120 that seems simply like fundamentally fair to me. 0:04:37.800 --> 0:04:40.400 You know, we're the number one importer of goods in 0:04:40.400 --> 0:04:42.719 the world, but we're also the number two exporter of 0:04:42.760 --> 0:04:45.200 goods in the world, so we do make a great 0:04:45.240 --> 0:04:48.360 deal off of trade. And I think my argument is 0:04:48.400 --> 0:04:51.800 that in each individual trade they have to be mutually beneficial. 0:04:52.200 --> 0:04:54.200 If you draw a circle around them, you can show 0:04:54.200 --> 0:04:57.960 that we have a trade deficit. The problem with fairness arguments, 0:04:57.960 --> 0:05:00.440 and they do make sense. So when you tell it's 0:05:00.440 --> 0:05:02.799 not fair that a certain country has a twenty percent 0:05:02.839 --> 0:05:04.680 tariff on ours and we don't have a tariff on that, 0:05:05.320 --> 0:05:08.000 it does it does sort of resound and you say, oh, 0:05:08.040 --> 0:05:10.400 my goodness, it doesn't sound fair. But what if I 0:05:10.480 --> 0:05:11.599 told you that teachers. 0:05:11.320 --> 0:05:14.520 It doesn't sound fair, but in reality it isn't fair. 0:05:14.800 --> 0:05:17.240 Let me finish point. So what if I tell you, though, 0:05:17.279 --> 0:05:20.320 that teachers making sixty thousand dollars a year and a 0:05:20.400 --> 0:05:23.680 rap star making six million dollars a year isn't fair 0:05:23.760 --> 0:05:26.599 because the teacher really is more of a service to 0:05:26.640 --> 0:05:28.360 the country, and we should pay a teacher more than 0:05:28.360 --> 0:05:31.040 a rap star. But those are arguments from the left, 0:05:31.080 --> 0:05:34.120 and we usually don't accept fairness arguments because we let 0:05:34.120 --> 0:05:36.760 the market decide how much your value is worth. How 0:05:36.800 --> 0:05:40.240 much should a you know, a television personality make, how 0:05:40.320 --> 0:05:42.360 much an athlete make? How much would a teacher make? 0:05:42.360 --> 0:05:44.640 And a fireman we don't go by sort. 0:05:44.480 --> 0:05:47.320 Of a TV personality does not make enough. I No, 0:05:47.360 --> 0:05:52.200 I'm kidding, but I'm really having a hard time understanding this. 0:05:52.920 --> 0:05:57.080 Why would China prevent our goods? For example? Why is 0:05:57.160 --> 0:06:01.159 Canada put massive tariffs? Or the year of Union, for example, 0:06:01.200 --> 0:06:04.599 they put a ten percent tariff on our automobiles going 0:06:04.640 --> 0:06:07.240 into Europe and we only put a two and a 0:06:07.320 --> 0:06:09.839 half percent tariff on theirs, and then they have a 0:06:09.880 --> 0:06:12.880 twenty percent vattack, So that's a thirty percent increase in 0:06:12.920 --> 0:06:16.719 our sticker price. And we sell very few American cars 0:06:16.920 --> 0:06:18.960 in the European Union, and they sell a ton of 0:06:18.960 --> 0:06:22.640 cars in America. As a result of the President's threat 0:06:22.720 --> 0:06:27.560 of tariffs, Now BMW and Mercedes and all these foreign 0:06:27.560 --> 0:06:30.560 countries are now going to build their facilities here and 0:06:30.600 --> 0:06:33.159 that'll create jobs for Americans, which I'm fine with. Then 0:06:33.240 --> 0:06:35.000 those will not be subject to tariffs. 0:06:35.120 --> 0:06:38.400 No, I think that's a good and that's a great result. 0:06:38.480 --> 0:06:41.200 If we get to lower reciprocal tariffs. I think that's 0:06:41.240 --> 0:06:44.440 a great result. If we wind up with greater tariffs, though, 0:06:45.040 --> 0:06:48.599 it'll be basically the effects of taxing something. You'll have 0:06:48.680 --> 0:06:51.039 more revenue for the government, but less revenue for the 0:06:51.160 --> 0:06:55.160 private marketplace. And so people to realize many people are 0:06:55.200 --> 0:06:57.400 for the tariffs, say we're going to just past those foreigners. 0:06:57.480 --> 0:07:00.680 Those foreigners are going to pay these well, no American companyies. 0:07:00.800 --> 0:07:04.600 I was with the company today that imports things from 0:07:04.720 --> 0:07:07.520 Southeast Asia then sells them to Americans that six thousand 0:07:07.560 --> 0:07:10.760 Americans work for the company. And so the thing is 0:07:10.760 --> 0:07:13.760 is that the people who are punished by this are Americans. 0:07:13.800 --> 0:07:17.040 If we punish Apple and say you can't make phones 0:07:17.040 --> 0:07:18.840 in China and you can't make them in India, you've 0:07:18.880 --> 0:07:20.960 got to make them in the US, it will mean 0:07:21.080 --> 0:07:24.200 higher prices here, and people have to decide, well or. 0:07:24.640 --> 0:07:28.600 Or These countries realize that they have taken advantage of 0:07:28.640 --> 0:07:31.280 it of US, and we've allowed them to take advantage 0:07:31.320 --> 0:07:34.200 of us, and they change their policies as a result, 0:07:34.240 --> 0:07:36.640 which I think ultimately is going to happen. My understanding 0:07:36.720 --> 0:07:39.320 is we're close to a deal with India. We had 0:07:39.320 --> 0:07:41.880 a deal with China. Apparently they're violating it, so that 0:07:42.000 --> 0:07:45.880 has to be rectified. I can imagine a trade deal 0:07:45.920 --> 0:07:49.040 with the European Union probably forthcoming, a trade deal with 0:07:49.160 --> 0:07:53.560 Australia probably coming. But yet, if the President didn't take 0:07:53.600 --> 0:07:56.120 a stand and say, wait a minute, you're treating our 0:07:56.160 --> 0:08:03.960 country unfairly. Our manufacturers, are farmers, our ranchers on fairly unfairly, 0:08:04.600 --> 0:08:06.840 and you need to allow access to our markets the 0:08:06.840 --> 0:08:08.840 way we're allowing access to yours. I think we have 0:08:08.880 --> 0:08:11.440 a certain power and as much as kind of all 0:08:11.480 --> 0:08:13.920 these countries that I mentioned, they all need access to 0:08:13.960 --> 0:08:15.360 our markets. They want our money. 0:08:16.160 --> 0:08:18.200 In the midst of all this, though, you have Lindsay 0:08:18.280 --> 0:08:21.600 Graham offering up a bill to have five hundred percent 0:08:21.640 --> 0:08:24.920 tariffs on India. So if you have five hundred percent tariffs, 0:08:24.960 --> 0:08:27.080 if people think, oh my goodness, tariffs are so great, 0:08:27.080 --> 0:08:28.960 why don't we do a five hundred percent tariff on 0:08:29.000 --> 0:08:31.760 India until they quit buying oil from Russia. 0:08:32.240 --> 0:08:34.240 Well, I'm not going to have a five hundred percent 0:08:34.400 --> 0:08:36.440 Well it's just not going to happen. You're talking about 0:08:36.880 --> 0:08:40.120 this putent sanctioned bill with eighty two senators are now 0:08:40.160 --> 0:08:40.760 signing on too. 0:08:41.400 --> 0:08:44.400 You've got eighty two senators that are beguiled somehow into 0:08:44.440 --> 0:08:46.679 thinking that tariffs don't mean anything in tariffs are not 0:08:46.720 --> 0:08:49.800 our problem. But the bill offers five hundred percent tariffs 0:08:49.800 --> 0:08:54.080 on anybody buying oil gas from Russia directly or indirectly. 0:08:54.559 --> 0:08:57.680 So high on that list is India. I'm not positive 0:08:57.720 --> 0:09:00.600 what happens, but as a country, I would be somewhat 0:09:01.000 --> 0:09:03.560 offended by another country telling me I can't buy oil 0:09:03.920 --> 0:09:07.640 from one country another. But it may not be logistically 0:09:07.679 --> 0:09:10.400 possible because India advises a lot of oil from Russia. 0:09:10.559 --> 0:09:13.680 It may not be logistically possible for them to be couple. 0:09:14.000 --> 0:09:15.840 But there is a chance that they also react to 0:09:15.880 --> 0:09:18.720 this in a nationalistic way and say, go take a hike. 0:09:18.800 --> 0:09:20.720 We're going to buy all from where we want. But 0:09:20.760 --> 0:09:22.640 then what we're talking about is a trade war that 0:09:22.679 --> 0:09:25.640 would end up in a worldwide embargo thirty six countries 0:09:26.000 --> 0:09:28.400 by oil and gas from Russia. So there is a 0:09:28.520 --> 0:09:31.400 danger to thinking that tariffs are benign and tariff wars 0:09:31.400 --> 0:09:35.320 are benign. Lindsey Grantsville is perhaps the most ill conceived 0:09:35.320 --> 0:09:36.720 bill that's ever come before. 0:09:37.760 --> 0:09:42.079 Well, isn't it certainly better than the policy of two 0:09:42.160 --> 0:09:45.720 hundred plus billion taxpayer dollars in a proxy war of 0:09:45.760 --> 0:09:51.160 America between Ukraine and Vladimir Putin? I mean, ostensibly we 0:09:51.280 --> 0:09:52.280 became the proxy. 0:09:52.640 --> 0:09:55.000 Yeah. No, I'm not for funding the war in Ukraine 0:09:55.040 --> 0:09:57.160 and have devoted against an opposed to all of that. 0:09:57.640 --> 0:09:59.880 But I'm certainly not for having a worldwide and barb 0:10:00.080 --> 0:10:02.800 go for people who do trade with Russia. So I 0:10:02.800 --> 0:10:04.560 don't think that's a good way to end the war, 0:10:04.679 --> 0:10:07.079 but I think it's a good way to have an 0:10:07.120 --> 0:10:09.880 economic catastrophe, above and beyond anything. 0:10:09.960 --> 0:10:11.920 But let me ask you, well, I mean they're getting 0:10:12.000 --> 0:10:16.200 reduced rates, they're paying about seven seventy cents on the 0:10:16.320 --> 0:10:19.480 dollar for oil and gas from Russia in the European 0:10:19.559 --> 0:10:24.040 Union Western European nations. Aren't they funding the war machine 0:10:24.120 --> 0:10:27.560 of Vladimir Putin by allowing him to profit? Just like, 0:10:27.640 --> 0:10:30.120 for example, when Joe Biden turned a blind eye to 0:10:30.160 --> 0:10:33.400 the sanctions with Iran, didn't that didn't that enrich them 0:10:33.440 --> 0:10:35.719 to the point where they can follment terror in the 0:10:35.840 --> 0:10:36.520 entire region. 0:10:37.200 --> 0:10:39.320 I think we can have opinions about what's in our 0:10:39.400 --> 0:10:41.719 national interests in other countries can. But if we think 0:10:41.760 --> 0:10:44.560 we can force the entire world to do as we 0:10:44.640 --> 0:10:47.200 say and to not deal with Russia, I don't know. 0:10:47.280 --> 0:10:49.920 I think it's a naive notion, and it's a it's 0:10:49.920 --> 0:10:52.600 a kind of this idea that you know that George 0:10:52.600 --> 0:10:54.320 Bush was for, We're going to make the world safe 0:10:54.360 --> 0:10:56.360 for democrats are going to go everywhere and tell everyone 0:10:56.400 --> 0:10:56.800 what to do. 0:10:56.960 --> 0:10:58.960 No, I don't want to. I don't want to change countries. 0:10:59.120 --> 0:11:01.760 I don't I don't even want to push regime change. However, 0:11:01.920 --> 0:11:04.320 I don't think Iran could ever have a nuclear weapon. 0:11:05.080 --> 0:11:08.120 And I don't you know, I look at I'd look 0:11:08.120 --> 0:11:12.040 at Vladimir Putin as a murdering dictator, thug that never 0:11:12.080 --> 0:11:14.640 should have amassed troops on the border with Ukraine and 0:11:15.160 --> 0:11:17.800 military equipment the way he did, and Joe biden'sill sit 0:11:17.920 --> 0:11:20.440 idly by and let him do it, and then, you know, 0:11:20.640 --> 0:11:23.360 basically use American money to fight that war. 0:11:23.920 --> 0:11:25.920 But the question is whether or not we would embrace 0:11:25.960 --> 0:11:29.600 a worldwide embargo of thirty six countries, including many members 0:11:29.640 --> 0:11:33.080 of the EU, India and others who buy oil and 0:11:33.120 --> 0:11:36.080 gas from Russia. And what a disaster this would be 0:11:36.120 --> 0:11:38.600 for the world. I mean, I think that this really 0:11:38.679 --> 0:11:40.920 is the most ill conceived bill I've ever seen come 0:11:40.920 --> 0:11:43.520 before Congress. It would lead to a disaster. 0:11:44.160 --> 0:11:46.640 Well, then how do you put pressure on Vladimir Putin 0:11:46.720 --> 0:11:50.560 to end the indiscriminate killing of men, women and children, Because, 0:11:50.800 --> 0:11:53.800 like you, I don't support American involvement in Europe. This 0:11:53.920 --> 0:11:56.439 is a European problem. This is not an American problem. 0:11:56.440 --> 0:12:00.679 But you know, when you see you know, I mean, 0:12:01.080 --> 0:12:06.400 there comes a point where America, American involvement. We saw 0:12:06.440 --> 0:12:10.679 this in World War Two, you know, became a necessity, 0:12:11.040 --> 0:12:14.199 you know, to beat back the forces of Nazism and 0:12:14.679 --> 0:12:17.679 fascism and imperial Japan. We were forced into that. 0:12:18.520 --> 0:12:20.640 You know, one of the countries at bazol and gas 0:12:20.720 --> 0:12:22.679 is Israel. So we're going to have a five hundred 0:12:22.679 --> 0:12:25.480 percent tariff on Israel in the midst of you know, 0:12:25.559 --> 0:12:29.560 the unending crisis that they have with their enemies surround. 0:12:29.600 --> 0:12:30.920 You know, we're going to We're going to tell all 0:12:30.920 --> 0:12:33.160 these countries to buy their oil and gas from us. 0:12:33.200 --> 0:12:33.960 That's what I would do. 0:12:34.800 --> 0:12:37.080 Well, the thing is is, you know, I guess that 0:12:37.120 --> 0:12:39.959 sounds pretty imperialistic to me, that we're going to make 0:12:40.000 --> 0:12:41.959 the decisions for the whole world where they can buy 0:12:42.000 --> 0:12:45.280 their long gas. Israel's already made a decision. Israel imports 0:12:45.320 --> 0:12:50.560 thirteen looks like a million barrels a year from from Russia. 0:12:50.640 --> 0:12:55.760 But Germany does, Egypt does, India does, Thailand? Does Italy? 0:12:55.920 --> 0:12:57.040 Poland Columbia? 0:12:57.480 --> 0:12:59.960 And it's like, aren't they funding his warm Isshines? 0:13:01.840 --> 0:13:03.960 Well, I know, but the thing is, you're right, Yeah, 0:13:04.040 --> 0:13:05.840 we have an opinion. We don't like it. We can 0:13:05.880 --> 0:13:08.640 tell them that. But a five percent tariff in double 0:13:08.679 --> 0:13:12.800 every ninety days is a recipe for complete You think it. 0:13:13.160 --> 0:13:15.640 You think there's been some chaos when six point six 0:13:15.720 --> 0:13:18.720 trillion dollars is lost in the stock market on Liberation 0:13:18.880 --> 0:13:21.120 Day on the threat of tariffs with all these countries. 0:13:21.360 --> 0:13:23.440 Most of those tariffs weren't five hundred percent. They were 0:13:23.520 --> 0:13:27.199 anywhere between twenty thirty percent and one hundred and fifty percent. 0:13:28.040 --> 0:13:30.680 We would you would you deny the ten trillion in 0:13:30.720 --> 0:13:34.040 committed investment was a result of Donald Trump showing some 0:13:34.080 --> 0:13:37.240 strength and a willingness to go where no one, no 0:13:37.320 --> 0:13:41.080 other person went before. Or the fact that the Atlanta 0:13:41.120 --> 0:13:44.400 Fed is predicting four point six percent GDP growth. That's 0:13:44.440 --> 0:13:46.960 their estimate for the second quarter. Is a result of 0:13:47.000 --> 0:13:50.720 all this, that all the fear mongering about tariffs didn't 0:13:50.760 --> 0:13:51.200 pan out. 0:13:51.600 --> 0:13:53.400 Now there's many good things. I think the story is 0:13:53.440 --> 0:13:56.040 not yet, not yet finished. I think we're just getting started. 0:13:56.280 --> 0:13:58.680 I agree with you. I agree. I think you know 0:13:58.720 --> 0:14:02.160 there's still and my hope is they get deal after 0:14:02.200 --> 0:14:04.920 deal after deal, and then we move on with freer 0:14:04.960 --> 0:14:06.880 and fairer trade. I'm on Free Trader. 0:14:07.520 --> 0:14:10.440 Our purpose isn't to simply say that the president's not 0:14:10.480 --> 0:14:13.800 doing well. I'm in a huge supporter of the President's cabinet. 0:14:13.840 --> 0:14:16.959 I've voted for the nominations in a support of the 0:14:17.040 --> 0:14:19.400 tax I was part of getting the tax cuts do 0:14:19.480 --> 0:14:20.400 in twenty seventeen. 0:14:20.680 --> 0:14:23.240 Would like to know you agree, you agree. We agree 0:14:23.280 --> 0:14:26.000 on a lot of things, and I don't want involvement 0:14:26.080 --> 0:14:29.560 in foreign conflicts either, but I do want the killing 0:14:29.640 --> 0:14:32.000 to stop. I mean, we saw the onslaught that killed 0:14:32.000 --> 0:14:35.080 innocent men, when women and children, and frankly, I was 0:14:35.120 --> 0:14:38.240 glad the Ukrainians took out all those those you know, 0:14:38.280 --> 0:14:42.520 the forty two bombers of Russia. I think they have 0:14:42.560 --> 0:14:44.800 every right to defend themselves at this point but it 0:14:44.800 --> 0:14:47.480 should be European money, not American. Listen, you've got a 0:14:47.480 --> 0:14:48.800 few more seconds. Do you have to run? 0:14:49.600 --> 0:14:51.080 I got a few more seconds? 0:14:51.320 --> 0:14:53.800 All right, quick break, We'll come back more with ram 0:14:53.800 --> 0:14:55.560 Paul on the other side. Eight hundred and ninety four 0:14:55.640 --> 0:14:58.560 one Seawan is our number. All right? We continue now 0:14:59.080 --> 0:15:03.240 and shift gears with Kentucky Senator rampauls with us. You know, 0:15:03.480 --> 0:15:05.720 there's a lot we agree on. I don't want American 0:15:05.920 --> 0:15:08.280 in these long drawn out foreign conflicts, but I don't 0:15:08.280 --> 0:15:12.720 want America being ripped off. I think the President is negotiating, 0:15:13.040 --> 0:15:15.600 and I've known this guy for thirty years. I know how. 0:15:15.880 --> 0:15:18.000 I think I have a pretty good understanding about how 0:15:18.000 --> 0:15:20.360 his mind works. I think we have already reaped a 0:15:20.360 --> 0:15:24.320 lot of benefits, and I'm hoping the result is freer 0:15:24.400 --> 0:15:27.920 and fairer trade at the end of the day. Let 0:15:28.000 --> 0:15:31.520 me move on to the issue of the Reconciliation Bill, 0:15:31.600 --> 0:15:35.360 the one big beautiful bill. You have been pretty outspoken 0:15:35.400 --> 0:15:38.360 about it and about the House version, which was not 0:15:38.480 --> 0:15:40.920 easy to come by, and I don't want you to 0:15:40.920 --> 0:15:42.920 think by any means I think it's perfect, because I 0:15:42.920 --> 0:15:45.840 know it's not, and I know you've got a lot 0:15:45.840 --> 0:15:48.920 of mine fields that you've got to navigate here, especially 0:15:48.960 --> 0:15:53.160 over you have some Republican senators concerned about Medicaid provisions 0:15:53.680 --> 0:15:57.400 in the House Past bill, you know Josh Halllesus and Collins, 0:15:57.400 --> 0:16:01.440 Lisa Murkowski there, you know, Republican from states with large 0:16:01.600 --> 0:16:05.240 rural populations, they are concerned about losing benefits. I know, 0:16:05.360 --> 0:16:08.280 the snap issue is a big issue of Charles Grassley's 0:16:08.920 --> 0:16:11.760 clean energy tax credits is a big one whether or 0:16:11.800 --> 0:16:15.160 not we're actually cutting enough out of this bill. And 0:16:15.200 --> 0:16:17.560 then you've got to get it by this one person, 0:16:17.640 --> 0:16:21.320 the Senate Parliamentarian, and make sure that it passes the 0:16:21.320 --> 0:16:24.880 Bird rule without getting too complicated in the Senate. If 0:16:24.920 --> 0:16:30.120 you want to have if you want to overcome cloture, 0:16:30.200 --> 0:16:35.680 which needs sixty votes for passage, reconciliations is a means 0:16:35.720 --> 0:16:38.360 to do it. It's how Obamacare was passed, the Inflation 0:16:38.520 --> 0:16:43.040 Reduction Act was passed. But there are very rigid, you know, 0:16:43.200 --> 0:16:46.560 ourcane rules in the Senate that have to be approved 0:16:46.560 --> 0:16:50.320 by one person, quote, the Senate Parliamentarian. So and they 0:16:50.440 --> 0:16:52.560 must all have to do with spending. And I know 0:16:52.600 --> 0:16:55.840 it sounds complicated because it is, and it's unnecessarily so, 0:16:55.920 --> 0:16:59.200 but Ram Paul's with us. I really want your thoughts 0:16:59.200 --> 0:17:02.120 on this and what would get Rand Paul to a 0:17:02.280 --> 0:17:06.560 yes on this one big, beautiful bill. Knowing that you're 0:17:06.600 --> 0:17:08.520 not going to get everything you want, nobody's going to 0:17:08.560 --> 0:17:11.000 get everything they want here because of those rules. 0:17:11.880 --> 0:17:13.480 Well, I think you're right. And the main thrust of 0:17:13.520 --> 0:17:15.800 the bill is to make the tax cuts that I've 0:17:15.840 --> 0:17:18.480 supported and voted for from twenty seventeen, to make a 0:17:18.480 --> 0:17:21.400 lot of them permanent, to add in some new tax cuts. 0:17:21.640 --> 0:17:24.439 I am always been in favor of letting the money 0:17:24.440 --> 0:17:26.320 remain in the hands of those who earn it, you know, 0:17:26.400 --> 0:17:28.960 try to keep it in the private marketplace, keep government small, 0:17:29.000 --> 0:17:31.840 and not increase taxes. So that I'm for. There is 0:17:31.880 --> 0:17:34.400 some spending cuts. I wish there were more. But even 0:17:34.440 --> 0:17:36.639 though they're imperfect and I won't get everything I want them, 0:17:36.640 --> 0:17:40.240 the spending cuts, I will support. What spending cuts. The 0:17:40.440 --> 0:17:43.160 deal killer for me, and the heartburn and the heartache 0:17:43.440 --> 0:17:46.560 comes from increasing the debt, sealing five trillion dollars. And 0:17:47.000 --> 0:17:49.320 I've build the president this, but I've also told the 0:17:49.400 --> 0:17:52.359 leadership for months and months now, I won't support raising 0:17:52.359 --> 0:17:55.600 the debt sealing five trillion, because once I'm gone, once 0:17:55.640 --> 0:17:59.760 there is no me or anybody else like me supporting. 0:18:00.680 --> 0:18:02.280 Where are you going? You're a young man. 0:18:02.800 --> 0:18:05.119 Well, now what I'm seeing. What I'm saying is is 0:18:05.160 --> 0:18:08.520 that once there are no more Conservatives left, if everybody 0:18:08.560 --> 0:18:11.359 votes to raise the debt feeling five trillion, the Conservative 0:18:11.359 --> 0:18:14.439 movement's gone. It's done for seeing the past. This has 0:18:14.480 --> 0:18:17.679 always been a Democrat process. We've never ever raised the 0:18:17.680 --> 0:18:20.359 debt ceiling without all the Democrats and the big government 0:18:20.400 --> 0:18:23.480 Republicans voting for it. Conservatives have never voted to raise 0:18:23.480 --> 0:18:26.240 the debt ceiling. Ever, this will be the first time 0:18:26.760 --> 0:18:29.679 that the conservative movement gets behind raising the debt ceiling. 0:18:29.760 --> 0:18:32.120 To me, it means that from now on the debt 0:18:32.160 --> 0:18:34.480 will be owned by the Republicans. It will no longer 0:18:34.520 --> 0:18:37.400 be a wedge issue where we say the big spenders. 0:18:37.400 --> 0:18:39.119 You know, we have some bat ones on our side. 0:18:39.160 --> 0:18:41.359 We got the Democrats. But now it's going to be 0:18:41.400 --> 0:18:43.640 passed by the Republicans and it will be five trillion. 0:18:44.200 --> 0:18:46.240 The deficit this year is going to be two point 0:18:46.240 --> 0:18:49.879 two trillion, and in March most of the Republicans, not me, 0:18:50.000 --> 0:18:50.480 but they are. 0:18:50.560 --> 0:18:55.000 In fairness though, the deficit this year is really Biden 0:18:55.000 --> 0:18:58.400 and Harris's economy. You would agree with that, it's. 0:18:58.240 --> 0:19:01.520 Actually both because in Marchblicans voted to continue the Biden 0:19:01.600 --> 0:19:04.359 spending levels. So I voted no in March, but the 0:19:04.359 --> 0:19:07.720 Republicans all voted yes, most of them, and they continued 0:19:07.760 --> 0:19:09.520 the Biden spending levels to the end of the year. 0:19:09.560 --> 0:19:12.280 So the first six months belonged to Biden, the second 0:19:12.320 --> 0:19:14.520 six months we belonged to the Republicans, and come the 0:19:14.600 --> 0:19:18.120 end of September thirtieth, the Biden spending levels, which became 0:19:18.160 --> 0:19:21.399 the Republican spending levels halfway through the year, will end 0:19:21.480 --> 0:19:23.639 up with the two point two trillion dollars deficits that 0:19:23.680 --> 0:19:27.119 the Republicans who voted for this are now responsible for. Well, 0:19:27.160 --> 0:19:27.880 what's even more. 0:19:27.840 --> 0:19:31.399 Well, are you factoring in this? Let's go back to 0:19:31.440 --> 0:19:34.520 the Reagan years, because I think we both were admirers 0:19:34.560 --> 0:19:37.840 of Reagan the Reagan tax cuts, and these tax cuts 0:19:37.840 --> 0:19:40.960 are way bigger than the Reagan tax cuts. This will 0:19:41.000 --> 0:19:45.639 be the largest tax cut in American history. It resulted 0:19:45.640 --> 0:19:49.840 in a doubling of revenues to the federal government, and 0:19:49.880 --> 0:19:52.760 it resulted in the creation of twenty one million new jobs, 0:19:53.000 --> 0:19:56.560 and it resulted in the longest period of peacetime economic 0:19:56.600 --> 0:20:00.359 growth up in history up until that point. And we 0:20:00.400 --> 0:20:03.359 saw with the first Trump turn the tax cuts again 0:20:03.520 --> 0:20:06.840 putting aside COVID and the debt deficits that took place 0:20:06.840 --> 0:20:09.200 as a result of that. Take those years, extrapolate out 0:20:09.200 --> 0:20:12.919 those years twenty twenty, twenty twenty one, and if you 0:20:13.000 --> 0:20:18.400 extrapolate that out, I mean, we had incredible, massive growth. 0:20:18.920 --> 0:20:24.560