1 00:00:00,520 --> 00:00:04,200 Speaker 1: Team forty seven with Clay and Buck starts. 2 00:00:04,360 --> 00:00:04,680 Speaker 2: Now. 3 00:00:04,920 --> 00:00:06,160 Speaker 3: It is big, it is. 4 00:00:06,200 --> 00:00:10,280 Speaker 2: Beautiful, and it is now law. The Big Beautiful Bill 5 00:00:10,720 --> 00:00:15,560 Speaker 2: has just moments ago passed in the United States Senate. Okay, 6 00:00:15,600 --> 00:00:17,239 Speaker 2: I know Trump has to sign it, but you know 7 00:00:17,320 --> 00:00:20,600 Speaker 2: it's happening. Trump's gonna sign this big beautiful bill. So 8 00:00:20,760 --> 00:00:23,639 Speaker 2: the Big beautiful Bill has gone through. It will be 9 00:00:23,720 --> 00:00:27,720 Speaker 2: on the president desk. This is huge. 10 00:00:28,440 --> 00:00:29,080 Speaker 1: It is huge. 11 00:00:29,160 --> 00:00:32,239 Speaker 2: We will get into some of the final items that 12 00:00:32,280 --> 00:00:35,120 Speaker 2: were in this. We will discuss some of the no votes. 13 00:00:35,360 --> 00:00:38,840 Speaker 2: There were some no votes. We'll also talk about how 14 00:00:39,600 --> 00:00:44,159 Speaker 2: Elon Musk, formerly of doge Fame, pretty unhappy with the 15 00:00:44,200 --> 00:00:48,360 Speaker 2: situation here of the five trillion dollar debt ceiling rays. 16 00:00:48,880 --> 00:00:51,440 Speaker 1: I think they're still potentially bucked a little bit of 17 00:00:51,520 --> 00:00:54,040 Speaker 1: drama because I think the House will now have to 18 00:00:54,120 --> 00:00:56,920 Speaker 1: come back and agree to some of. 19 00:00:56,920 --> 00:00:59,480 Speaker 2: The go on the reconciliation side. I got ahead of 20 00:00:59,480 --> 00:01:01,320 Speaker 2: myself there too excited, too excited, So. 21 00:01:01,360 --> 00:01:03,720 Speaker 1: There will there will be some drama. 22 00:01:03,920 --> 00:01:06,280 Speaker 2: That's in reconciling. It's going to go through. The House 23 00:01:06,319 --> 00:01:07,959 Speaker 2: has already passed it. It's going to go through. But 24 00:01:08,040 --> 00:01:09,520 Speaker 2: thank you for the Yeah. 25 00:01:09,600 --> 00:01:13,080 Speaker 1: So the journey for the nerdy edition where there will 26 00:01:13,120 --> 00:01:15,240 Speaker 1: continue to be drama. First, how long is that going 27 00:01:15,319 --> 00:01:19,920 Speaker 1: to take? Though? I don't know, I I I just 28 00:01:20,120 --> 00:01:21,720 Speaker 1: we have not spent a ton of time on the 29 00:01:21,760 --> 00:01:24,480 Speaker 1: minute by minute because we knew that this was going 30 00:01:24,520 --> 00:01:28,120 Speaker 1: to pass, and it will pass on some level. Uh, 31 00:01:28,280 --> 00:01:31,319 Speaker 1: but they still have some maneuvering. I think Trump wants 32 00:01:31,319 --> 00:01:34,440 Speaker 1: it by July fourth, right, is the ideal day that 33 00:01:34,520 --> 00:01:38,160 Speaker 1: he would sign it, which is Friday, And so I 34 00:01:38,160 --> 00:01:40,760 Speaker 1: imagine that they are hoping that the House will sign 35 00:01:40,880 --> 00:01:43,399 Speaker 1: off on the changes made by the Senate at some 36 00:01:43,520 --> 00:01:47,000 Speaker 1: point in time in the next several days. But that's 37 00:01:47,080 --> 00:01:50,200 Speaker 1: the timeframe. Uh so that is the last drama to 38 00:01:50,280 --> 00:01:54,000 Speaker 1: be had before this thing is officially signed an underway, 39 00:01:54,000 --> 00:01:54,280 Speaker 1: which is. 40 00:01:54,400 --> 00:01:56,040 Speaker 2: Not gonna be It's not gonna be a drama. I 41 00:01:56,040 --> 00:01:58,080 Speaker 2: mean they're gonna you know what I mean, Like, come on, 42 00:01:58,360 --> 00:02:01,320 Speaker 2: what's the drama gonna be? Clay Someone's really the Republicans 43 00:02:01,320 --> 00:02:03,279 Speaker 2: aren't going to actually do the thing that they've already 44 00:02:03,280 --> 00:02:04,720 Speaker 2: said they were going to do. I don't I don't 45 00:02:04,760 --> 00:02:09,120 Speaker 2: see it, but yes, procedurally speaking, they have to reconcile it. Right, 46 00:02:09,200 --> 00:02:10,880 Speaker 2: So the House as the set of the Setate says, 47 00:02:10,960 --> 00:02:14,639 Speaker 2: how's that? Okay, So let's get into what is in 48 00:02:15,440 --> 00:02:19,119 Speaker 2: the big beautiful bill, which I do believe is its 49 00:02:19,120 --> 00:02:21,320 Speaker 2: official is its official name. 50 00:02:22,160 --> 00:02:22,920 Speaker 1: I'm just seeing now. 51 00:02:22,960 --> 00:02:25,640 Speaker 2: I think it happened so recently, Clay, that all the 52 00:02:25,840 --> 00:02:29,960 Speaker 2: news sites live and in real time here are still updating. 53 00:02:30,919 --> 00:02:33,880 Speaker 1: Past as we came on the air like that is, yes, 54 00:02:34,200 --> 00:02:36,760 Speaker 1: the second absolute latest breaking news. 55 00:02:37,040 --> 00:02:38,960 Speaker 2: That's why I got all excited. Okay, so it was. 56 00:02:38,960 --> 00:02:39,880 Speaker 1: Happening in real time. 57 00:02:39,919 --> 00:02:41,600 Speaker 2: We got to open the show with ah it has 58 00:02:41,639 --> 00:02:46,119 Speaker 2: Pasta said it fifty one fifty, and jd Vance had 59 00:02:46,160 --> 00:02:50,160 Speaker 2: to step in to uh write, Jade Vance, I'm reading 60 00:02:50,160 --> 00:02:52,480 Speaker 2: this in real time because it just happened. Just you understand, 61 00:02:52,520 --> 00:02:54,880 Speaker 2: this wasn't like an hour ago. It happened seconds or 62 00:02:54,960 --> 00:03:00,519 Speaker 2: minutes ago. Three Republicans Ran Paul of Kentucky, Tom Tillis 63 00:03:00,520 --> 00:03:02,960 Speaker 2: of North Carolina not running next year. Susan Collins of 64 00:03:03,000 --> 00:03:08,359 Speaker 2: Maine joined Democrats to vote against the bill. Paul opposed 65 00:03:08,400 --> 00:03:11,280 Speaker 2: the legislation's five trillion dollars debtlimit, et cetera. Okay, so 66 00:03:11,600 --> 00:03:15,120 Speaker 2: Susan Collins not a surprise. Rand Paul being Rand Paul, 67 00:03:15,520 --> 00:03:18,280 Speaker 2: Trump's probably gonna have some truths for him that are 68 00:03:18,919 --> 00:03:23,799 Speaker 2: not very nice. And Tom tillis here. Lisa Murkowski was 69 00:03:23,840 --> 00:03:28,480 Speaker 2: the final piece. She backed the bill after discussions with Thune. 70 00:03:28,520 --> 00:03:32,240 Speaker 2: Twenty four hours of motions and amendments. Senate Republican leaders 71 00:03:32,320 --> 00:03:35,400 Speaker 2: altered the bill right up to the final moments. So 72 00:03:35,480 --> 00:03:39,760 Speaker 2: this was this was down to the wire, everyone to 73 00:03:39,840 --> 00:03:43,680 Speaker 2: get the things they wanted to get in here. Hundreds 74 00:03:43,680 --> 00:03:48,040 Speaker 2: of billions for border security national defense, increased budget deficit 75 00:03:48,120 --> 00:03:53,960 Speaker 2: by about three point three trillion through twenty twenty thirty four. Yeah, 76 00:03:53,960 --> 00:03:56,800 Speaker 2: look it's I'll tell you, the White House is very 77 00:03:56,800 --> 00:03:59,160 Speaker 2: excited about this. I think the economy is going to 78 00:03:59,200 --> 00:04:03,000 Speaker 2: look really good as a result of this, or rather 79 00:04:03,080 --> 00:04:05,480 Speaker 2: there's going to be a lot of good things that happened. Clay, 80 00:04:05,520 --> 00:04:09,160 Speaker 2: we knew it would get through. Yeah, tie breaking vote 81 00:04:09,200 --> 00:04:12,720 Speaker 2: from JD. Van So it was a close run thing here. 82 00:04:13,840 --> 00:04:16,120 Speaker 2: We knew it would get through. It's getting through now. Okay, 83 00:04:16,120 --> 00:04:19,720 Speaker 2: the House reconciles it on their end. What are your 84 00:04:19,760 --> 00:04:22,880 Speaker 2: thoughts as we sit here and bask in the glow 85 00:04:23,080 --> 00:04:25,960 Speaker 2: of MAGA. Another win up on the board. 86 00:04:26,320 --> 00:04:28,760 Speaker 1: So I think the big question is going to be 87 00:04:28,960 --> 00:04:32,440 Speaker 1: how fast can the economy grow? So now that this 88 00:04:32,640 --> 00:04:38,120 Speaker 1: bill is done, the ability to grow the economy is 89 00:04:38,240 --> 00:04:43,080 Speaker 1: how we end up keeping from having to massively increase 90 00:04:43,200 --> 00:04:48,080 Speaker 1: the overall debt, and so that is my biggest question. 91 00:04:48,360 --> 00:04:52,359 Speaker 1: Can we get this economy moving at three percent growth 92 00:04:52,880 --> 00:04:57,480 Speaker 1: doesn't sound outrageous to me, but it is better than 93 00:04:57,520 --> 00:04:59,960 Speaker 1: we have been growing the economy over the past day 94 00:05:00,080 --> 00:05:04,000 Speaker 1: decade or so fifteen years on average, and so to me, 95 00:05:04,160 --> 00:05:06,719 Speaker 1: the biggest question out there is how fast can we 96 00:05:06,760 --> 00:05:10,160 Speaker 1: grow the economy? To me, the secondary question on this 97 00:05:10,560 --> 00:05:15,480 Speaker 1: is can we get the FED to lower interest rates? 98 00:05:15,560 --> 00:05:18,320 Speaker 1: Our interest rates are about two percent above where the 99 00:05:18,360 --> 00:05:21,839 Speaker 1: EU is right now at four point two five four 100 00:05:21,880 --> 00:05:24,400 Speaker 1: point five. You guys can correct me in the studio 101 00:05:24,440 --> 00:05:27,040 Speaker 1: if I get the percentages wrong. I think the numbers 102 00:05:27,040 --> 00:05:29,400 Speaker 1: need to be around two and a half frankly where 103 00:05:29,400 --> 00:05:33,200 Speaker 1: the EU is. If that were to happen, then mortgage 104 00:05:33,279 --> 00:05:35,960 Speaker 1: rates and theory are going to come back. That would 105 00:05:36,040 --> 00:05:39,440 Speaker 1: unlock the housing market, which is I think the most 106 00:05:39,480 --> 00:05:43,680 Speaker 1: frozen aspect of the American economy right now. So many 107 00:05:43,680 --> 00:05:45,320 Speaker 1: of you got the two and a half or three 108 00:05:45,400 --> 00:05:49,520 Speaker 1: percent fifteen and thirty year mortgages, congrats, but it's been 109 00:05:49,920 --> 00:05:53,840 Speaker 1: several years and we accelerated those so rapidly that lots 110 00:05:53,880 --> 00:05:56,600 Speaker 1: of people are unwilling to sell their homes or move 111 00:05:56,760 --> 00:06:00,640 Speaker 1: despite changing life circumstances, because the different between a two 112 00:06:00,680 --> 00:06:02,480 Speaker 1: and a half and a three and a seven percent 113 00:06:02,560 --> 00:06:06,520 Speaker 1: mortgage rate is so massively substantial. If that starts to 114 00:06:06,520 --> 00:06:09,560 Speaker 1: get unfrozen, then I think a lot of the other 115 00:06:09,720 --> 00:06:13,279 Speaker 1: aspects of the economy will start to fire on all cylinders. 116 00:06:13,400 --> 00:06:16,120 Speaker 2: So the House Freedom Caucus, I was asking, who's going 117 00:06:16,160 --> 00:06:18,960 Speaker 2: to cause drama here? I was all excited, like, Okay, 118 00:06:18,960 --> 00:06:21,760 Speaker 2: this is finally happening. We're looking at a holiday coming 119 00:06:21,839 --> 00:06:24,160 Speaker 2: up here, a great holiday weekend. Country's kicking ass. Things 120 00:06:24,240 --> 00:06:27,800 Speaker 2: going really well. House Freedom Caucus says, and this is 121 00:06:27,880 --> 00:06:32,240 Speaker 2: as of the last twenty four hours. House Budget Framework 122 00:06:32,360 --> 00:06:35,280 Speaker 2: was clear. No new deficit spending in the One Big 123 00:06:35,320 --> 00:06:38,600 Speaker 2: Beautiful Bill. The senatece version adds six hundred and fifty 124 00:06:38,600 --> 00:06:41,239 Speaker 2: one billion to the deficit, and that's before interest costs, 125 00:06:41,480 --> 00:06:45,400 Speaker 2: which nearly double the total. That's not fiscal responsibility, that's 126 00:06:45,400 --> 00:06:48,280 Speaker 2: not what we agreed to. The Senate must make major 127 00:06:48,400 --> 00:06:50,760 Speaker 2: changes and should at least be in the ballpark of 128 00:06:50,800 --> 00:06:56,480 Speaker 2: compliance with the House Budget framework. Are they really going 129 00:06:56,560 --> 00:06:59,560 Speaker 2: to do this. Are you really going to do this? 130 00:07:00,160 --> 00:07:03,200 Speaker 1: I think they're gonna be some drama associated with this, 131 00:07:03,520 --> 00:07:06,880 Speaker 1: and I think ultimately everybody, if the drama is just 132 00:07:06,880 --> 00:07:07,240 Speaker 1: so they. 133 00:07:07,120 --> 00:07:08,839 Speaker 2: Get attention and then they let this go through, they're 134 00:07:08,880 --> 00:07:10,800 Speaker 2: just being annoying. I'm just gonna say this because we've 135 00:07:10,800 --> 00:07:12,320 Speaker 2: already we've already had this discussion. 136 00:07:14,000 --> 00:07:17,080 Speaker 1: I get it. This is the best you're going to get. 137 00:07:17,440 --> 00:07:20,200 Speaker 1: And there's people out there who are going to say, Look, 138 00:07:20,280 --> 00:07:22,640 Speaker 1: Rand Paul's right about the deficit. I think he is. 139 00:07:22,880 --> 00:07:26,040 Speaker 1: Chip chip Roy is right about the deficit. I think 140 00:07:26,080 --> 00:07:29,360 Speaker 1: he is. This is the best bill that's going to pass. 141 00:07:30,400 --> 00:07:34,200 Speaker 1: And you just saw. I have yet to see anyone 142 00:07:34,360 --> 00:07:38,160 Speaker 1: come up with a bill that could get passage in 143 00:07:38,200 --> 00:07:40,720 Speaker 1: the Senate and the House and do as much of 144 00:07:40,760 --> 00:07:43,960 Speaker 1: this bill does. Politics is the art of the possible. 145 00:07:44,080 --> 00:07:46,680 Speaker 1: I get people out there that are upset about the debt, 146 00:07:46,880 --> 00:07:50,640 Speaker 1: the deficit. I am Look, the reality is nobody wants 147 00:07:50,720 --> 00:07:55,160 Speaker 1: to address the fact that entitlement spending so security and 148 00:07:55,200 --> 00:08:00,440 Speaker 1: medicare make it virtually impossible to largely restrict the size 149 00:08:00,440 --> 00:08:03,760 Speaker 1: of the federal government. And as soon as you mentioned that, 150 00:08:04,400 --> 00:08:08,680 Speaker 1: we get flooded and every politician does with Hey, that 151 00:08:08,800 --> 00:08:12,280 Speaker 1: money is mine, I want it back. And so the 152 00:08:12,880 --> 00:08:15,360 Speaker 1: structural issues we have at play here, and this is 153 00:08:15,400 --> 00:08:17,679 Speaker 1: a challenge, and I don't want to be the want 154 00:08:17,720 --> 00:08:20,800 Speaker 1: wonk guy, but the structural issues we have in play 155 00:08:20,960 --> 00:08:24,480 Speaker 1: is there are way more older people now than there 156 00:08:24,520 --> 00:08:27,520 Speaker 1: are younger people in many advanced countries in the world, 157 00:08:27,840 --> 00:08:31,200 Speaker 1: and entitle what programs are predicated on there being way 158 00:08:31,240 --> 00:08:34,800 Speaker 1: more younger people than there are older people. And if 159 00:08:34,840 --> 00:08:38,280 Speaker 1: you are around our age, the math doesn't add up 160 00:08:38,520 --> 00:08:41,480 Speaker 1: for us to get the Social Security dollars back that 161 00:08:41,559 --> 00:08:44,800 Speaker 1: we put in. And that's just the reality, without adjusting 162 00:08:44,840 --> 00:08:49,640 Speaker 1: based on retirement ages, based on just looking at population tables, 163 00:08:50,120 --> 00:08:52,560 Speaker 1: I presume that I'm going to get virtually nothing from 164 00:08:52,640 --> 00:08:57,840 Speaker 1: Social Security. That's me. I'm forty six. You know people 165 00:08:57,840 --> 00:09:00,880 Speaker 1: can start taking social Security. I think it's sixty, so 166 00:09:01,040 --> 00:09:03,160 Speaker 1: I'm not debt far away. Well, I don't think it's 167 00:09:03,200 --> 00:09:03,720 Speaker 1: going to be there. 168 00:09:03,920 --> 00:09:06,520 Speaker 2: This is why I find the whole thing frustrating. And 169 00:09:07,280 --> 00:09:11,040 Speaker 2: I appreciate that Rand Paul wants to Senator Paul wants 170 00:09:11,080 --> 00:09:13,800 Speaker 2: to have his voice heard on this, and mathematically he's right, 171 00:09:13,800 --> 00:09:15,600 Speaker 2: but politically he's wrong, because no one's going to do 172 00:09:15,640 --> 00:09:19,600 Speaker 2: anything about this right now, and there's no willingness among 173 00:09:19,679 --> 00:09:21,560 Speaker 2: the American people, even people who say they want to 174 00:09:21,559 --> 00:09:23,040 Speaker 2: tackle the debt to do it. It's like having a 175 00:09:23,080 --> 00:09:26,319 Speaker 2: debt ceiling fight. It's a fake fight because we always 176 00:09:26,360 --> 00:09:29,280 Speaker 2: raise the debt ceiling and then if they default, they 177 00:09:29,280 --> 00:09:32,440 Speaker 2: don't really Rather there's discussion about default, they're not really 178 00:09:32,440 --> 00:09:35,520 Speaker 2: going to default. So it just becomes tiresome and you lose. 179 00:09:35,559 --> 00:09:37,559 Speaker 2: It's the boy who cried wolf. You lose public interest. 180 00:09:37,640 --> 00:09:40,199 Speaker 2: And I think that yeah, until people want to talk 181 00:09:40,200 --> 00:09:42,160 Speaker 2: about entitlements just to keep spending the money we have 182 00:09:42,200 --> 00:09:44,280 Speaker 2: to spend to achieve the priorities of the Republican Party. 183 00:09:44,280 --> 00:09:45,880 Speaker 1: If we don't have a secure border and. 184 00:09:45,840 --> 00:09:49,079 Speaker 2: We don't deal with the illegal immigration issue, we Medicare 185 00:09:49,120 --> 00:09:50,760 Speaker 2: and social security in thirty years is going to be 186 00:09:50,800 --> 00:09:52,800 Speaker 2: the least of our problems because we're not going to 187 00:09:52,840 --> 00:09:55,640 Speaker 2: have a country anymore. So the hundreds of billions of 188 00:09:55,640 --> 00:09:58,920 Speaker 2: dollars that are going toward border security and the deportation 189 00:09:59,000 --> 00:10:02,960 Speaker 2: efforts of the illegals piled and under Biden, it's absolutely essential. 190 00:10:03,800 --> 00:10:06,280 Speaker 2: A lot of the things that are covered in the 191 00:10:06,280 --> 00:10:09,160 Speaker 2: big beautiful Bill are going to be. I believe rocket 192 00:10:09,160 --> 00:10:12,880 Speaker 2: fuel for the economy. Growth is also really important. Remember 193 00:10:12,880 --> 00:10:16,439 Speaker 2: nobody's factoring in that Trump wasn't I should say, factoring 194 00:10:16,480 --> 00:10:20,679 Speaker 2: in Trump's tariffs into financial and physical matters for the country. 195 00:10:20,679 --> 00:10:22,960 Speaker 2: It's already one hundred and twenty billion dollars and it's 196 00:10:23,000 --> 00:10:26,280 Speaker 2: just getting going. So you know, there are other pathways 197 00:10:26,360 --> 00:10:28,560 Speaker 2: maybe that could be considered here that might make the 198 00:10:28,600 --> 00:10:32,440 Speaker 2: situation better. Now that I did, I'll say, I know 199 00:10:32,480 --> 00:10:34,040 Speaker 2: that Trump had to sign it, sol I've forgotten, and 200 00:10:34,080 --> 00:10:35,760 Speaker 2: now the House has to reconcile on their side for 201 00:10:35,800 --> 00:10:37,640 Speaker 2: a second, and I think they're just gonna do what 202 00:10:37,640 --> 00:10:39,600 Speaker 2: they did. We're gonna get a bunch of windy speeches 203 00:10:40,000 --> 00:10:41,839 Speaker 2: about the debt, the debt, the debt, and then they're 204 00:10:41,880 --> 00:10:44,680 Speaker 2: gonna and then they're gonna vote for it. I don't 205 00:10:44,760 --> 00:10:47,360 Speaker 2: understand what's we We all get it. We all understand. 206 00:10:47,840 --> 00:10:50,000 Speaker 2: There's nothing else to be said until until you want 207 00:10:50,000 --> 00:10:51,800 Speaker 2: to deal with entitlements. Everybody you don't want to deal 208 00:10:51,840 --> 00:10:54,040 Speaker 2: with the debt. End of story, full full stop, end 209 00:10:54,040 --> 00:10:56,280 Speaker 2: of conversation, and nobody wants to deal with entitlements. So 210 00:10:56,960 --> 00:10:58,959 Speaker 2: let's just do what we can to achieve the agenda 211 00:10:58,960 --> 00:11:00,880 Speaker 2: we've got while Trump's run things. 212 00:11:00,840 --> 00:11:05,560 Speaker 1: I think that there's going to be a recognition that 213 00:11:06,679 --> 00:11:09,599 Speaker 1: entitlement spending is out of control and everybody's going to 214 00:11:09,640 --> 00:11:13,600 Speaker 1: have to get their benefits cut. And we should have 215 00:11:15,400 --> 00:11:19,920 Speaker 1: we should have a real conversation about Social Security and 216 00:11:19,960 --> 00:11:22,680 Speaker 1: the fact that it's actually not a very good deal 217 00:11:23,160 --> 00:11:25,960 Speaker 1: and most Americans just don't really look into it because 218 00:11:25,960 --> 00:11:29,240 Speaker 1: it's been established for a long time. The government takes 219 00:11:29,240 --> 00:11:33,000 Speaker 1: your money, they give you a three percent return roughly 220 00:11:33,120 --> 00:11:36,640 Speaker 1: on it, and if you die, this. 221 00:11:36,679 --> 00:11:38,720 Speaker 2: Is all I'll ever get it. You know that this 222 00:11:38,800 --> 00:11:40,959 Speaker 2: is all falling on deaf ears. People love their people 223 00:11:41,000 --> 00:11:43,000 Speaker 2: love social Security. And you know what the problem is, Clay, 224 00:11:43,400 --> 00:11:46,760 Speaker 2: the lunatic communists who are certainly right now sitting around 225 00:11:46,760 --> 00:11:49,000 Speaker 2: a lot of them praising the Mom Dannie wing of 226 00:11:49,000 --> 00:11:51,240 Speaker 2: the Democrat Party. They're not going to get into what 227 00:11:51,280 --> 00:11:54,520 Speaker 2: you're talking about. They're just gonna tell people they're taking 228 00:11:54,520 --> 00:11:57,040 Speaker 2: your social Security and then you lose, and then the 229 00:11:57,080 --> 00:11:59,640 Speaker 2: communists are in charge and then they ruin everything. So 230 00:11:59,679 --> 00:12:02,480 Speaker 2: this is this is the political reality of America right now, 231 00:12:02,559 --> 00:12:05,280 Speaker 2: and Trump sees it, and I that's why I have 232 00:12:05,840 --> 00:12:10,080 Speaker 2: my patience for this thing. And my patients even for beyond. Yeah, 233 00:12:10,120 --> 00:12:11,960 Speaker 2: of course, hear it out. Make the case, tell everybody 234 00:12:12,000 --> 00:12:14,040 Speaker 2: the numbers. But standing in the way of the Trump 235 00:12:14,080 --> 00:12:16,040 Speaker 2: agenda because you say that you're not getting the cuts 236 00:12:16,080 --> 00:12:18,240 Speaker 2: you want. You're not getting the cuts. Okay, it's not happening. 237 00:12:18,440 --> 00:12:20,319 Speaker 2: You're not You're not You're not actually gonna deal with 238 00:12:20,320 --> 00:12:22,480 Speaker 2: the dead. It's thirty seven trillion dollars not happening. 239 00:12:22,640 --> 00:12:25,440 Speaker 1: How many people do you think even understands so security? 240 00:12:25,720 --> 00:12:27,600 Speaker 1: What percentage of the American population? 241 00:12:29,240 --> 00:12:30,720 Speaker 2: I mean, they know that they get money when they're 242 00:12:30,760 --> 00:12:32,320 Speaker 2: when they're older, and they needed I mean, that's all 243 00:12:32,320 --> 00:12:32,880 Speaker 2: they care to know. 244 00:12:33,440 --> 00:12:36,760 Speaker 1: But the fact that it's an awful deal. And if 245 00:12:36,800 --> 00:12:39,520 Speaker 1: you got to keep your own money and you just 246 00:12:39,559 --> 00:12:41,520 Speaker 1: put it in index funds, you would. 247 00:12:41,320 --> 00:12:44,280 Speaker 2: People don't trust themselves. People don't They would spend it. 248 00:12:44,559 --> 00:12:46,720 Speaker 2: People would spend it on a jet ski and then 249 00:12:46,760 --> 00:12:48,760 Speaker 2: they'd say, oh, but I need help now. And you know, 250 00:12:48,880 --> 00:12:50,400 Speaker 2: this is the this is the problem. 251 00:12:50,559 --> 00:12:51,160 Speaker 1: People want. 252 00:12:51,200 --> 00:12:53,480 Speaker 2: Everybody wants somebody else to pay for their stuff, not 253 00:12:53,520 --> 00:12:55,360 Speaker 2: realizing that they're the ones paying for the stuff they 254 00:12:55,400 --> 00:12:56,640 Speaker 2: think is coming from other people. 255 00:12:57,040 --> 00:13:00,520 Speaker 1: I think the biggest challenge is it's so embedded now 256 00:13:01,120 --> 00:13:06,280 Speaker 1: that most people don't even examine the underlying concept, which 257 00:13:06,400 --> 00:13:11,360 Speaker 1: is basically a big pyramid scheme, and it's predicated on 258 00:13:11,480 --> 00:13:15,120 Speaker 1: there always being way more young people than there are 259 00:13:15,280 --> 00:13:17,720 Speaker 1: old people. And we're not in that era anymore. 260 00:13:18,160 --> 00:13:22,199 Speaker 2: Clay, the average person pays in to medicare less than 261 00:13:22,200 --> 00:13:24,160 Speaker 2: half of what they take out of Medicare in terms 262 00:13:24,160 --> 00:13:26,720 Speaker 2: of the actual cost of their care. But if you 263 00:13:26,720 --> 00:13:28,360 Speaker 2: tell anybody that you're going to change medicare, you know 264 00:13:28,360 --> 00:13:30,600 Speaker 2: what they say, I paid for that. It's not welfare, 265 00:13:30,640 --> 00:13:33,840 Speaker 2: it's an entitlement. I've paid for it. I deserve it. Okay, Well, 266 00:13:34,120 --> 00:13:36,640 Speaker 2: if I give you money for one ice cream cone, 267 00:13:36,920 --> 00:13:38,920 Speaker 2: but you keep giving me two ice cream cones, you're 268 00:13:38,920 --> 00:13:41,360 Speaker 2: going to run out of ice cream cones. Nobody wants 269 00:13:41,400 --> 00:13:44,480 Speaker 2: to hear it. And honestly, I'm excited about the border. 270 00:13:44,520 --> 00:13:46,679 Speaker 2: I'm excited about saving the country. I'm excited about the 271 00:13:46,679 --> 00:13:51,200 Speaker 2: Trump agenda being funded. You know, I'm with Steven Miller 272 00:13:51,240 --> 00:13:52,680 Speaker 2: on this stuff. Man, Like, we got to save the 273 00:13:52,720 --> 00:13:55,400 Speaker 2: country now and we'll figure out the debt later. When 274 00:13:55,400 --> 00:13:58,319 Speaker 2: people want to have big boy conversations about it, they don't. Actually, 275 00:13:58,400 --> 00:14:00,480 Speaker 2: the American people also want to have the conversation. 276 00:14:00,760 --> 00:14:05,440 Speaker 1: The answer then becomes, the growth rate is everything, yep, 277 00:14:05,520 --> 00:14:08,760 Speaker 1: because the growth rate of the country is what can 278 00:14:08,800 --> 00:14:12,360 Speaker 1: turn this into a net positive bill. So if you 279 00:14:12,400 --> 00:14:15,960 Speaker 1: are optimistic on AI, if you want to unleash individual 280 00:14:16,200 --> 00:14:20,560 Speaker 1: American meritocracy, if we ever got the country growing at 281 00:14:20,560 --> 00:14:24,720 Speaker 1: four percent again, all of these issues vanish basically, right 282 00:14:24,960 --> 00:14:27,040 Speaker 1: a four percent a year, four percent a year, four 283 00:14:27,040 --> 00:14:30,000 Speaker 1: percent a year. We're growing at like one point five 284 00:14:30,040 --> 00:14:32,720 Speaker 1: percent a year, one point eight percent a year. The 285 00:14:32,880 --> 00:14:36,360 Speaker 1: overall growth rate of the American economy is the key. 286 00:14:36,920 --> 00:14:40,040 Speaker 1: If overall spending is not going to be addressed, and 287 00:14:40,080 --> 00:14:43,120 Speaker 1: there doesn't seem to be a political will, unfortunately, as 288 00:14:43,160 --> 00:14:45,200 Speaker 1: you and I believe there should be. If you look 289 00:14:45,240 --> 00:14:48,160 Speaker 1: at just the basic books, the political will isn't there 290 00:14:48,240 --> 00:14:51,600 Speaker 1: to address the spending, and so we live in match. 291 00:14:51,640 --> 00:14:55,119 Speaker 2: You have to understand, wait, if dercent, it's not convincing 292 00:14:55,160 --> 00:14:58,800 Speaker 2: Republicans to tackle the debt, it's dealing with the fact 293 00:14:58,800 --> 00:15:04,680 Speaker 2: that Democrats will call you heartless, you know, ruthless, throwing 294 00:15:04,760 --> 00:15:08,160 Speaker 2: old ladies off their Medicare and taking away social Security 295 00:15:08,160 --> 00:15:11,080 Speaker 2: from hardworking Americans so they can seize power and act 296 00:15:11,120 --> 00:15:14,480 Speaker 2: like communist maniacs. That's the problem. So this is it's 297 00:15:14,480 --> 00:15:16,400 Speaker 2: not just like we're having to talk on our side. 298 00:15:16,560 --> 00:15:19,760 Speaker 1: And also the concept of cut, which the media I 299 00:15:19,760 --> 00:15:23,000 Speaker 1: think does a poor job of slowing the rate of growth, 300 00:15:23,320 --> 00:15:25,920 Speaker 1: is not a cut. It's still a growth. But they 301 00:15:25,960 --> 00:15:28,440 Speaker 1: have managed to create this idea, well, we're going to 302 00:15:28,560 --> 00:15:31,760 Speaker 1: dial back to growth of the of the of the 303 00:15:31,800 --> 00:15:34,280 Speaker 1: overall spending, and that is seen as a cut. Oh 304 00:15:34,320 --> 00:15:37,440 Speaker 1: you're cutting spinning. No, spinning, still growing, it's just not 305 00:15:37,520 --> 00:15:40,360 Speaker 1: growing at the same rate. And honestly, I think a 306 00:15:40,360 --> 00:15:43,000 Speaker 1: lot of this is just communication failure. I don't think 307 00:15:43,000 --> 00:15:45,280 Speaker 1: people know the details. I think a lot of people 308 00:15:45,280 --> 00:15:46,440 Speaker 1: don't care to know the details. 309 00:15:46,680 --> 00:15:48,880 Speaker 2: Spoiler alert. It's going to pass, and Trump's gonna end 310 00:15:48,960 --> 00:15:51,160 Speaker 2: up signing it, and everyone who's chirping about this from 311 00:15:51,160 --> 00:15:53,280 Speaker 2: the Congress in the meantime is going to go along 312 00:15:53,320 --> 00:15:56,200 Speaker 2: with what's basically there just throwing it out there for everybody. 313 00:15:56,480 --> 00:16:00,680 Speaker 2: This is Team forty seven with Clay and the big 314 00:16:00,760 --> 00:16:02,240 Speaker 2: news of the day at the top of the show, 315 00:16:02,320 --> 00:16:05,440 Speaker 2: just to recap. Right as we came on air, I mean, 316 00:16:05,480 --> 00:16:09,160 Speaker 2: within moments, the Senate had passed on a fifty one 317 00:16:09,160 --> 00:16:12,440 Speaker 2: to fifty vote, the Big Beautiful Bill. Jd Vance had 318 00:16:12,480 --> 00:16:16,600 Speaker 2: to be the tie break on that one. Tom Tillis, 319 00:16:16,840 --> 00:16:20,360 Speaker 2: Rand Paul who was the third, somebody else didn't get 320 00:16:20,360 --> 00:16:25,720 Speaker 2: Oh Collins didn't vote for it. So yep, that was 321 00:16:25,760 --> 00:16:28,600 Speaker 2: what happened there. Now, thank you Clay for the catch. 322 00:16:28,800 --> 00:16:32,480 Speaker 2: It goes back to the House side before it goes 323 00:16:32,560 --> 00:16:36,400 Speaker 2: to the President's desk for signature. The House is gonna 324 00:16:36,840 --> 00:16:39,680 Speaker 2: there's gonna be some squawking from the Freedom Caucus about it. 325 00:16:40,680 --> 00:16:44,960 Speaker 2: I don't think they're going to sabotage the Trump agenda 326 00:16:45,120 --> 00:16:48,280 Speaker 2: at this late moment on the Big Beautiful Bill, but 327 00:16:48,280 --> 00:16:50,320 Speaker 2: they're gonna be. They're gonna, you know, look, they're allowed 328 00:16:50,360 --> 00:16:52,560 Speaker 2: to have their say on it, and they will. So 329 00:16:53,200 --> 00:16:54,840 Speaker 2: that will be a thing that occurs in the next 330 00:16:54,840 --> 00:16:57,000 Speaker 2: few days and we're probably gonna get to a signature 331 00:16:57,040 --> 00:17:00,960 Speaker 2: before the holiday. Hopefully us how this will go. So 332 00:17:01,000 --> 00:17:04,479 Speaker 2: that's the big news. And then we had the most 333 00:17:04,960 --> 00:17:08,119 Speaker 2: interesting visit of the day was Donald Trump going down 334 00:17:08,160 --> 00:17:17,520 Speaker 2: to Alligator Alcatraz, which is in o Choppie o Choppy, Florida, 335 00:17:18,080 --> 00:17:22,000 Speaker 2: which is near Everglades City, which I can tell you 336 00:17:22,520 --> 00:17:25,960 Speaker 2: is not really much of a city. It is really 337 00:17:26,080 --> 00:17:32,359 Speaker 2: middle of Nowheresville. I think o Choppy, uh is it 338 00:17:32,359 --> 00:17:34,840 Speaker 2: has one hundred people something like that lives and lives 339 00:17:34,880 --> 00:17:38,040 Speaker 2: in the in the It is unincorporated territory, so it's 340 00:17:38,119 --> 00:17:42,800 Speaker 2: not even I think a township per se. It's quite small. 341 00:17:42,840 --> 00:17:45,560 Speaker 2: But that was the one, if you're wondering, it wasn't 342 00:17:45,720 --> 00:17:50,119 Speaker 2: Lake Okeachobee. I know Lake okachobe O Choppy was the 343 00:17:50,160 --> 00:17:54,520 Speaker 2: new place. So that's where they have this airstrip that 344 00:17:55,119 --> 00:17:59,760 Speaker 2: is a place to put illegal migrants, illegal aliens before 345 00:17:59,760 --> 00:18:03,400 Speaker 2: they are deported. And Trump is saying, if you try 346 00:18:03,400 --> 00:18:05,400 Speaker 2: to run from the gators or swim from the gators, 347 00:18:05,440 --> 00:18:07,680 Speaker 2: it's gonna be a bad day for you. So there's 348 00:18:07,680 --> 00:18:10,080 Speaker 2: all that going on, and then he got into Kami, Mom, Donnie, 349 00:18:10,119 --> 00:18:13,600 Speaker 2: do you have anything in the alligator Alcatraz. The team 350 00:18:13,680 --> 00:18:15,919 Speaker 2: is saying that all you have to do is be 351 00:18:16,000 --> 00:18:19,439 Speaker 2: able to not zigzag but outrun the nearest person to you, 352 00:18:19,960 --> 00:18:23,040 Speaker 2: which is that is always true, and that is mean. 353 00:18:23,320 --> 00:18:25,760 Speaker 2: That's very mean. Clay would Clay would not leave me 354 00:18:25,880 --> 00:18:28,760 Speaker 2: behind to get eaten by gators, right, Clay? 355 00:18:29,520 --> 00:18:34,879 Speaker 1: Probably correct? Yes, I would be Again, I've said on 356 00:18:34,920 --> 00:18:38,600 Speaker 1: this program before, I am prepared to save anyone from 357 00:18:38,640 --> 00:18:42,200 Speaker 1: an alligator attack. If you see me near a swamp, 358 00:18:42,440 --> 00:18:45,600 Speaker 1: I've got your back, so uh, just don't go in 359 00:18:45,640 --> 00:18:48,119 Speaker 1: the water. But if they come out of the water, 360 00:18:48,280 --> 00:18:51,399 Speaker 1: like in Crocodile Dundee, I know that's crocodile versus an alligator, 361 00:18:52,000 --> 00:18:56,040 Speaker 1: then I'll be like Mick Dundee right there to protect you. 362 00:18:56,880 --> 00:18:58,879 Speaker 1: By the way, that movie also still a lot of 363 00:18:58,880 --> 00:19:01,679 Speaker 1: fun if you've got kids and you want to watch 364 00:19:01,720 --> 00:19:05,240 Speaker 1: some movies during the July fourth holiday, whether it's not great, 365 00:19:05,280 --> 00:19:08,199 Speaker 1: maybe you're sitting around. We've been watching all the Harry 366 00:19:08,200 --> 00:19:12,320 Speaker 1: Potter movies in the Travis household and they're still really good. 367 00:19:12,520 --> 00:19:14,439 Speaker 1: So props JK. Rowling. I think she may have a 368 00:19:14,440 --> 00:19:19,600 Speaker 1: future in this creative industry space. But that alligator Alcatraz thing, 369 00:19:19,600 --> 00:19:21,320 Speaker 1: and I think I know we said it last hour, 370 00:19:21,400 --> 00:19:26,480 Speaker 1: but I do think it's so important. Trump and DeSantis 371 00:19:26,520 --> 00:19:30,040 Speaker 1: are a whale of a team, and I know Ron 372 00:19:30,080 --> 00:19:32,720 Speaker 1: DeSantis only has whatever it is, a year and a 373 00:19:32,760 --> 00:19:38,000 Speaker 1: half left basically as the governor of Florida, but I 374 00:19:38,080 --> 00:19:42,800 Speaker 1: would not be surprised if DeSantis ends up in some 375 00:19:43,760 --> 00:19:47,119 Speaker 1: form or fashion as a part of Trump two point 376 00:19:47,119 --> 00:19:51,480 Speaker 1: oh cabinet and What I mean by that is there's 377 00:19:51,560 --> 00:19:55,680 Speaker 1: constant doing these jobs takes a lot. So so far 378 00:19:55,840 --> 00:19:59,240 Speaker 1: we have had pretty great stability in Trump two point 379 00:19:59,240 --> 00:20:02,800 Speaker 1: oh cabinet universe. But at some point some of these guys, 380 00:20:02,840 --> 00:20:06,560 Speaker 1: probably after en gals after the mid terms, are going 381 00:20:06,640 --> 00:20:09,000 Speaker 1: to start to say, hey, I want to do something different. 382 00:20:09,119 --> 00:20:12,280 Speaker 1: I'm burned out two years of going full speed doing X, 383 00:20:12,400 --> 00:20:14,159 Speaker 1: Y or Z. There's something else that I want to do. 384 00:20:14,600 --> 00:20:18,359 Speaker 1: It wouldn't shock me if Trump comes back to DeSantis. 385 00:20:18,359 --> 00:20:22,600 Speaker 1: Remember there was some talk about DeSantis potentially being the 386 00:20:22,640 --> 00:20:25,480 Speaker 1: Secretary of Defense when it was uncertain about whether heg 387 00:20:25,520 --> 00:20:29,119 Speaker 1: Seth was going to be confirmed. And that's another example 388 00:20:29,359 --> 00:20:32,320 Speaker 1: of jd Vance breaking a tie fifty to fifty in 389 00:20:32,359 --> 00:20:35,280 Speaker 1: the Senate. Jd Vance gets the vote to get heg 390 00:20:35,320 --> 00:20:37,440 Speaker 1: Seth then, and Pete has done a very very good job. 391 00:20:37,480 --> 00:20:40,880 Speaker 1: Since this is also an example in the big Beautiful Bill, 392 00:20:41,600 --> 00:20:45,119 Speaker 1: you've got jd Vance breaking the tie. This is why 393 00:20:45,480 --> 00:20:48,320 Speaker 1: having a little bit of a buffer in the Senate 394 00:20:48,400 --> 00:20:51,960 Speaker 1: fifty three forty seven, man, it would be great to 395 00:20:52,040 --> 00:20:55,560 Speaker 1: be up to fifty four or fifty five or fifty six. 396 00:20:56,800 --> 00:21:01,040 Speaker 1: As it pertains to where we're headed on next but 397 00:21:02,240 --> 00:21:04,960 Speaker 1: the Trump DeSantis relationship very strong, and I think it's 398 00:21:04,960 --> 00:21:08,919 Speaker 1: important to point out that by and large, most of 399 00:21:08,960 --> 00:21:12,720 Speaker 1: you out there who voted Trump, I really can't hardly 400 00:21:12,760 --> 00:21:16,080 Speaker 1: point to anything in the first six months and say, hey, 401 00:21:16,280 --> 00:21:18,760 Speaker 1: I think Trump could have done a better job on this. 402 00:21:19,720 --> 00:21:22,520 Speaker 1: Politics the art of the possible. So I understand that 403 00:21:22,560 --> 00:21:25,000 Speaker 1: people are saying, oh, this is my number one issue, 404 00:21:25,000 --> 00:21:28,639 Speaker 1: and this hasn't been addressed completely to the ability that 405 00:21:28,680 --> 00:21:32,440 Speaker 1: I would like. You can't make people do what there 406 00:21:32,600 --> 00:21:35,199 Speaker 1: is not the political will for them to do. So 407 00:21:35,320 --> 00:21:37,680 Speaker 1: you and Ibuck we talked about this some earlier, were 408 00:21:37,760 --> 00:21:40,960 Speaker 1: very troubled by the national debt. When the Tea Party 409 00:21:40,960 --> 00:21:44,880 Speaker 1: got its start, national debt was ten trillion dollars. National 410 00:21:44,920 --> 00:21:49,600 Speaker 1: debt is soon going to be forty trillion dollars. That's untenable. 411 00:21:50,160 --> 00:21:53,600 Speaker 1: But until there is a political will to address it, 412 00:21:54,040 --> 00:21:57,320 Speaker 1: and you can't solve it by increasing tax rates, that 413 00:21:57,400 --> 00:22:00,760 Speaker 1: doesn't work. Ultimately, I think you're gonna have to dial 414 00:22:00,800 --> 00:22:05,200 Speaker 1: back spending. This is inevitable, but that political will is 415 00:22:05,240 --> 00:22:08,879 Speaker 1: not there yet. So in the meantime, you have two options. 416 00:22:09,640 --> 00:22:12,560 Speaker 1: You can either whine and complain, and some people are 417 00:22:12,680 --> 00:22:16,840 Speaker 1: choosing that because it's not kick your legs, scream like 418 00:22:16,880 --> 00:22:20,600 Speaker 1: a child, have a temper tantrum, or you can do 419 00:22:20,640 --> 00:22:22,919 Speaker 1: what you and I are talking about. Now, Hey, this 420 00:22:22,960 --> 00:22:25,439 Speaker 1: bill is going to pass, and now it's time to 421 00:22:25,520 --> 00:22:29,360 Speaker 1: try to figure out how do we grow the economy 422 00:22:29,720 --> 00:22:34,200 Speaker 1: as rapidly as we possibly can to help to lead 423 00:22:34,320 --> 00:22:38,480 Speaker 1: to a surplus through growth as opposed to a surplus 424 00:22:38,520 --> 00:22:43,080 Speaker 1: through cuts. That is the new hope. And to me, 425 00:22:43,119 --> 00:22:45,280 Speaker 1: if we can get it to three four percent growth, 426 00:22:45,359 --> 00:22:47,880 Speaker 1: everything changes. Yes. 427 00:22:48,240 --> 00:22:51,040 Speaker 2: So that's the case for optimism, and I agree with 428 00:22:51,040 --> 00:22:53,640 Speaker 2: you on that. The case for optimism is not that 429 00:22:54,119 --> 00:22:57,480 Speaker 2: everyone's going to see the wisdom iron sorry ran Paul's 430 00:22:57,520 --> 00:23:04,359 Speaker 2: math and make massive changes to the biggest spending programs 431 00:23:04,359 --> 00:23:07,320 Speaker 2: and priorities of the United States government now and for 432 00:23:07,440 --> 00:23:10,520 Speaker 2: the last well all of our lifetimes. So yeah, that's 433 00:23:10,560 --> 00:23:13,679 Speaker 2: not gonna happen. So hopefully Trump just has the economy 434 00:23:14,280 --> 00:23:18,400 Speaker 2: so juiced and so in fuego that some very good 435 00:23:18,400 --> 00:23:20,560 Speaker 2: things can happen. What will make things a lot worse 436 00:23:21,720 --> 00:23:26,520 Speaker 2: is if the commedi Mamdani is able to take control. 437 00:23:26,560 --> 00:23:29,000 Speaker 2: Trump spoke about this. There's a marine one noise in 438 00:23:29,000 --> 00:23:30,639 Speaker 2: the background. But we wanted you to hear this. This 439 00:23:30,680 --> 00:23:34,520 Speaker 2: has cut seven. This is look even President Trump's win 440 00:23:34,640 --> 00:23:37,480 Speaker 2: and we all see this. This is concerning when somebody 441 00:23:37,840 --> 00:23:41,960 Speaker 2: gets the wind that is back in some someplace as 442 00:23:42,000 --> 00:23:43,639 Speaker 2: important as New York City play it. 443 00:23:43,760 --> 00:23:46,640 Speaker 3: I think he's Sarah Brook. He's a communist. The last 444 00:23:46,680 --> 00:23:49,680 Speaker 3: thing who we need is a communists. I said there 445 00:23:49,720 --> 00:23:52,480 Speaker 3: will never be socialism in the United States. Show he's 446 00:23:52,480 --> 00:23:55,639 Speaker 3: a communists. So I think he's said too. And I 447 00:23:55,680 --> 00:23:56,960 Speaker 3: think we're gonna have a lot of fun with it 448 00:23:57,000 --> 00:23:58,879 Speaker 3: him watching him because. 449 00:23:58,640 --> 00:24:02,080 Speaker 2: Yes, sticking up right to get his money and so 450 00:24:02,240 --> 00:24:04,000 Speaker 2: where he's not going to run away with anything. 451 00:24:04,080 --> 00:24:06,720 Speaker 3: I think he's a Frankly, I've heard he's your total 452 00:24:06,880 --> 00:24:09,520 Speaker 3: met job. I think the people in the New York 453 00:24:09,520 --> 00:24:12,240 Speaker 3: are crazy because they go this route. I think they're crazy. 454 00:24:12,520 --> 00:24:15,760 Speaker 2: We will have a communist in the for the first time, 455 00:24:15,840 --> 00:24:21,240 Speaker 2: really a pure true communist. He wants to operate the grocery. 456 00:24:20,800 --> 00:24:26,280 Speaker 3: Stores, the department stores. What about the people are there. 457 00:24:26,440 --> 00:24:32,400 Speaker 2: I think it's crazy, Yeah, Clay, it is crazy. And 458 00:24:33,240 --> 00:24:37,159 Speaker 2: I understand that there's this sense that it's limited to 459 00:24:37,200 --> 00:24:41,600 Speaker 2: New York. But AOC and Bernie Sanders they co sign 460 00:24:42,160 --> 00:24:45,280 Speaker 2: really all of this stuff and They're the Democrats that 461 00:24:45,400 --> 00:24:49,359 Speaker 2: have the most currency with the base. And it is 462 00:24:49,400 --> 00:24:52,240 Speaker 2: a Democrat party that came within a few hundred thousand 463 00:24:52,280 --> 00:24:55,679 Speaker 2: votes of Trump, even after lying about Biden's dementia and 464 00:24:55,760 --> 00:25:00,000 Speaker 2: putting forward the worst candidate in our lifetime in Kamala Harris. 465 00:25:00,119 --> 00:25:02,879 Speaker 2: So I mean I would argue even worse than the dementia. 466 00:25:02,520 --> 00:25:04,240 Speaker 1: Guy, which tells you a lot. 467 00:25:04,760 --> 00:25:07,439 Speaker 2: So we have to take this seriously. People ask how 468 00:25:07,440 --> 00:25:10,720 Speaker 2: does a Democratic party come back? It's not hard. They 469 00:25:10,720 --> 00:25:14,600 Speaker 2: were close even in this election, and aggregate numbers when 470 00:25:14,600 --> 00:25:16,600 Speaker 2: you really look at it, there are a lot of 471 00:25:16,600 --> 00:25:18,919 Speaker 2: people who are voting Democrat no matter who they put forward, 472 00:25:19,000 --> 00:25:21,000 Speaker 2: no matter how crazy the idea is. And Mom Donni, 473 00:25:21,040 --> 00:25:23,800 Speaker 2: I think is just a symptom of that larger malady. 474 00:25:25,000 --> 00:25:29,520 Speaker 1: And again I'm gonna keep hammering it. If there is 475 00:25:29,600 --> 00:25:34,040 Speaker 1: not a coalition that arises to all come together to 476 00:25:34,080 --> 00:25:37,679 Speaker 1: oppose Mamdanni. If you have Eric Adams running as an 477 00:25:37,680 --> 00:25:41,480 Speaker 1: independent Andrew Cuomo running as an independent, uh, and you 478 00:25:41,680 --> 00:25:46,879 Speaker 1: have a situation where Curtis Sliwa is the Republican that 479 00:25:47,160 --> 00:25:51,399 Speaker 1: trio is going to assure that Mamdanni wins. So the 480 00:25:51,440 --> 00:25:54,879 Speaker 1: only way New York city rejects Mamdanni and has some 481 00:25:55,160 --> 00:25:58,040 Speaker 1: form of sanity in terms of who it's selecting as 482 00:25:58,080 --> 00:26:02,200 Speaker 1: its next mayor. Is if there's a understanding that they 483 00:26:02,280 --> 00:26:06,040 Speaker 1: cannot all run and there is a coalition of opposition 484 00:26:06,160 --> 00:26:09,679 Speaker 1: that comes together to try and defeat Mom Donnie. My 485 00:26:09,880 --> 00:26:13,600 Speaker 1: concern is everybody's going to look out for their best interest, 486 00:26:13,760 --> 00:26:16,600 Speaker 1: meaning we're going to get more attention if you stay 487 00:26:16,600 --> 00:26:20,560 Speaker 1: in the race and everybody else loses, and there isn't 488 00:26:20,640 --> 00:26:23,760 Speaker 1: a coalition brought together to come against him. And I 489 00:26:23,760 --> 00:26:26,639 Speaker 1: think what Trump is talking about in general is the 490 00:26:27,040 --> 00:26:30,840 Speaker 1: opposition that he sees from all these sanctuary cities as 491 00:26:30,960 --> 00:26:35,560 Speaker 1: the process is underway to deport so many different people 492 00:26:36,280 --> 00:26:40,199 Speaker 1: is a direct opposition to the federal government and should 493 00:26:40,200 --> 00:26:43,880 Speaker 1: not be acceptable. And at some point I think there's 494 00:26:43,920 --> 00:26:47,240 Speaker 1: going to have to be a test case of someone, 495 00:26:47,600 --> 00:26:50,919 Speaker 1: probably a mayor that is one of these sanctuary cities 496 00:26:50,920 --> 00:26:54,720 Speaker 1: that is directly defying federal law, and we're going to 497 00:26:54,800 --> 00:26:56,880 Speaker 1: have to have the court's rule about whether or not 498 00:26:57,000 --> 00:27:00,199 Speaker 1: that is permissible or appropriate, because I don't understand we 499 00:27:00,280 --> 00:27:02,399 Speaker 1: made this argument, and the Supreme Court has said it 500 00:27:02,440 --> 00:27:04,840 Speaker 1: quite clearly. The President of the United States is in 501 00:27:04,960 --> 00:27:08,560 Speaker 1: charge of border related policies, immigration, all of those things. 502 00:27:08,960 --> 00:27:12,600 Speaker 1: How can we allow all of these individual cities and 503 00:27:12,680 --> 00:27:16,240 Speaker 1: certainly governors of states, but it's really being driven more 504 00:27:16,280 --> 00:27:19,520 Speaker 1: by mayors of cities that have decided that they are sanctuaries. 505 00:27:20,000 --> 00:27:22,600 Speaker 1: How can we allow them to directly defy federal law? 506 00:27:22,880 --> 00:27:25,440 Speaker 1: At some point that conflict is going to have to 507 00:27:25,520 --> 00:27:28,919 Speaker 1: be resolved in some way by the larger court system. 508 00:27:29,040 --> 00:27:32,639 Speaker 1: It feels inevitable to me Team forty seven with Clay 509 00:27:32,680 --> 00:27:35,480 Speaker 1: and Buck. We head up to Washington, d C. Now 510 00:27:36,080 --> 00:27:38,639 Speaker 1: where Senator Ron Johnson, I imagine a lot of people are 511 00:27:38,680 --> 00:27:42,760 Speaker 1: heading to the lakes up north in Wisconsin for this 512 00:27:42,920 --> 00:27:47,240 Speaker 1: time of year when it is spectacular. But you are working, Senator, 513 00:27:47,240 --> 00:27:49,119 Speaker 1: and we had you in studio a couple of weeks 514 00:27:49,119 --> 00:27:53,280 Speaker 1: ago breaking down the Big Beautiful Bill, and you changed 515 00:27:53,359 --> 00:27:56,479 Speaker 1: your vote at the last minute or signed on with 516 00:27:56,560 --> 00:27:59,920 Speaker 1: the bill at the last minute. What is the late 517 00:28:00,080 --> 00:28:02,960 Speaker 1: Just what can you tell us about where we are 518 00:28:03,160 --> 00:28:06,080 Speaker 1: compared to when we talked about talked with you on 519 00:28:06,160 --> 00:28:07,200 Speaker 1: air last. 520 00:28:07,880 --> 00:28:10,120 Speaker 3: Okays, Yeah, I should be trolling for Walleye right now, 521 00:28:10,160 --> 00:28:16,120 Speaker 3: but we're here working on the Big Beautiful Billain as 522 00:28:16,160 --> 00:28:19,080 Speaker 3: far as the primary components of this bill. I'm fully 523 00:28:19,080 --> 00:28:22,600 Speaker 3: supportive of right, We're gonna make sure that we don't 524 00:28:22,600 --> 00:28:25,000 Speaker 3: have a massive automatic tax increase. That's about that's about 525 00:28:25,000 --> 00:28:27,240 Speaker 3: four trillion dollars of the score. By the way, nobody 526 00:28:27,240 --> 00:28:30,800 Speaker 3: wants that. Nobody wants to default to our death. Unfortunately, 527 00:28:30,880 --> 00:28:34,439 Speaker 3: Democrats left these enormous messes the open border, so we 528 00:28:34,480 --> 00:28:37,000 Speaker 3: have to provide funding for border, the wars, we have 529 00:28:37,080 --> 00:28:41,680 Speaker 3: to provide funding for the defense. Massive four year average 530 00:28:41,800 --> 00:28:44,240 Speaker 3: just in to one point nine trillions. The seven years 531 00:28:44,280 --> 00:28:46,760 Speaker 3: before the pandemic, our death at average six hundred and 532 00:28:46,760 --> 00:28:50,320 Speaker 3: sixty billion. Four years afterwards under Biden Democrats one point 533 00:28:50,400 --> 00:28:54,160 Speaker 3: nine trillions. So again it is true the House provided 534 00:28:54,240 --> 00:28:58,440 Speaker 3: us with the spending reduction about historic spending reduction about 535 00:28:58,440 --> 00:29:01,440 Speaker 3: one point four trillion. Actually is about one point six. 536 00:29:01,560 --> 00:29:04,440 Speaker 3: Our difference in our scores is we make sure that 537 00:29:04,440 --> 00:29:08,640 Speaker 3: the business expensing provisions are permanent versus a short term. 538 00:29:08,640 --> 00:29:11,000 Speaker 3: So that's the main difference between the House and the Senate. 539 00:29:11,040 --> 00:29:13,640 Speaker 3: Now we're hearing from the House, they're not real happy, 540 00:29:14,360 --> 00:29:18,760 Speaker 3: and we're short from their math somewhere around six hundred 541 00:29:18,760 --> 00:29:22,720 Speaker 3: billion dollars. Rick Scott has an excellent amendment, which was 542 00:29:22,760 --> 00:29:24,480 Speaker 3: not including the base bill, and that was really the 543 00:29:24,520 --> 00:29:28,360 Speaker 3: sticking point on the motion proceed We got the commitment 544 00:29:28,440 --> 00:29:32,240 Speaker 3: of the leadership to now we offer amendment, vote, but 545 00:29:32,360 --> 00:29:35,000 Speaker 3: whip it and try and make sure this thing gets passed. 546 00:29:35,000 --> 00:29:37,840 Speaker 3: I'm hoping President Trump helps us get this thing passed 547 00:29:37,880 --> 00:29:40,720 Speaker 3: because that pay on the date. So here's what the 548 00:29:40,720 --> 00:29:45,880 Speaker 3: amendment does. It doesn't kick anybody off of Medicaid. What 549 00:29:45,920 --> 00:29:50,240 Speaker 3: it does is it stops enrollment into the Obama Care 550 00:29:50,680 --> 00:29:55,240 Speaker 3: addition to Medicaid, which threatens traditional Medicaid for disabled children, 551 00:29:55,240 --> 00:29:57,680 Speaker 3: for example. So at some point in time in the 552 00:29:57,720 --> 00:30:00,400 Speaker 3: future we're debating that it just don't allows states to 553 00:30:00,520 --> 00:30:03,120 Speaker 3: enroll them under the nine dollars to one dollar match. 554 00:30:03,640 --> 00:30:05,360 Speaker 3: I mean, I think you guys realize that, right for 555 00:30:05,600 --> 00:30:08,960 Speaker 3: a disabled child, for every dollar the state puts into Medicaid, 556 00:30:09,320 --> 00:30:11,760 Speaker 3: the federal government matches it for a dollar thirty three. 557 00:30:12,520 --> 00:30:17,440 Speaker 3: But for the Obamacare single working age able body, childless adults, 558 00:30:17,680 --> 00:30:20,920 Speaker 3: for every dollar state puts in, federal government kicks in nine. 559 00:30:21,480 --> 00:30:24,400 Speaker 3: That's a huge incentive for states to gain the system. 560 00:30:24,720 --> 00:30:28,200 Speaker 3: Provider taxes, provider fees which aren't healthcare, by the way, 561 00:30:28,520 --> 00:30:31,440 Speaker 3: but they get reimbursed nine dollars for every dollar the 562 00:30:31,440 --> 00:30:34,200 Speaker 3: States kicks in there, So against it's a financing scam. 563 00:30:34,560 --> 00:30:37,960 Speaker 3: We're trying to end that because it's causing the outflow 564 00:30:37,960 --> 00:30:40,560 Speaker 3: of tunsred billions of dollars out of the federal government. 565 00:30:40,640 --> 00:30:44,240 Speaker 3: We don't have the money. So that alone could fill 566 00:30:44,280 --> 00:30:46,920 Speaker 3: about five hundred billion dollars of that gap if we 567 00:30:47,080 --> 00:30:50,200 Speaker 3: give states until the first part of twenty twenty nine, 568 00:30:50,880 --> 00:30:54,959 Speaker 3: and the scam I mean, very reasonable proposal most Republicans support. 569 00:30:54,960 --> 00:30:57,000 Speaker 3: In the Senate, we've got some holdouts and that's where 570 00:30:57,040 --> 00:30:59,680 Speaker 3: we need leadership for pressure people. You know, there are 571 00:31:00,240 --> 00:31:03,160 Speaker 3: other things in the bills, some extraneous task credits that 572 00:31:03,240 --> 00:31:05,080 Speaker 3: you know, one word, thirty seven jillion dollars in debt. 573 00:31:05,120 --> 00:31:07,600 Speaker 3: Do we really have to add task credits for this, 574 00:31:07,680 --> 00:31:10,080 Speaker 3: that and the other thing. So again, I think this 575 00:31:10,240 --> 00:31:12,920 Speaker 3: is entirely doable. It's going to take the President weigh in, 576 00:31:13,400 --> 00:31:15,800 Speaker 3: it's going to take repuggnant leadership to make sure that 577 00:31:15,840 --> 00:31:19,280 Speaker 3: we can satisfy the House requirements. And then when all 578 00:31:19,360 --> 00:31:23,280 Speaker 3: said and done, this would be a huge achievement repealing 579 00:31:23,320 --> 00:31:26,880 Speaker 3: at least the most damaging part of Obamacare, which was 580 00:31:27,040 --> 00:31:30,960 Speaker 3: the addition to Medicaid, which puts it risk the Medicaid 581 00:31:30,960 --> 00:31:33,320 Speaker 3: for disabled children. Mean, do you think it's fair that 582 00:31:33,720 --> 00:31:36,200 Speaker 3: for a disabled child the phedograph kicks in a Dallas 583 00:31:36,280 --> 00:31:39,760 Speaker 3: thirty three but three working age person that should be 584 00:31:39,800 --> 00:31:43,000 Speaker 3: working getting health care from their employer, we provide nine 585 00:31:43,040 --> 00:31:43,880 Speaker 3: dollars for everyone. 586 00:31:44,000 --> 00:31:48,720 Speaker 2: It's just out of whack, Senator Johnson. People are reading 587 00:31:48,760 --> 00:31:50,840 Speaker 2: about I think many of them, if not for the 588 00:31:50,880 --> 00:31:54,400 Speaker 2: first time, it's certainly a helpful reminder about the Senate 589 00:31:54,800 --> 00:31:59,560 Speaker 2: Parliamentarian Elizabeth McDonough, who has been in this role since 590 00:31:59,560 --> 00:32:02,960 Speaker 2: twenty two. Well, this is not an elected office, this 591 00:32:03,120 --> 00:32:07,760 Speaker 2: is a It's pretty fascinating actually, right, this started sometime 592 00:32:07,800 --> 00:32:10,120 Speaker 2: around what the nineteen twenties, nineteen thirty, so it's about 593 00:32:10,120 --> 00:32:12,880 Speaker 2: one hundred years ago. There's somebody who helps with the 594 00:32:12,880 --> 00:32:16,840 Speaker 2: administrative procedures rules within the Senate. I guess, like when 595 00:32:16,840 --> 00:32:18,600 Speaker 2: you guys are allowed to have bathroom breaks or I 596 00:32:18,640 --> 00:32:21,280 Speaker 2: don't know, whatever it is. And now there's somebody who 597 00:32:21,320 --> 00:32:24,840 Speaker 2: is stripping out parts of the bill like the NFA 598 00:32:25,040 --> 00:32:29,080 Speaker 2: National Firearms Act and silencers no longer being an NFA 599 00:32:29,160 --> 00:32:32,920 Speaker 2: item because the parliamentarian what is going on here? And 600 00:32:32,960 --> 00:32:35,320 Speaker 2: by the way, talk to me about that NFA silencers 601 00:32:35,400 --> 00:32:36,840 Speaker 2: or suppressors issue. 602 00:32:38,680 --> 00:32:45,880 Speaker 3: Well, I believe that was included. So this is incredibly complex. 603 00:32:45,920 --> 00:32:47,840 Speaker 3: I mean, this all has to do with the Budget 604 00:32:47,880 --> 00:32:51,320 Speaker 3: Act sets up this reconciliation process where we can reduce 605 00:32:51,480 --> 00:32:55,840 Speaker 3: mandatory spending or we cut taxes or increased taxes with 606 00:32:55,920 --> 00:32:59,680 Speaker 3: a simple majority vote. Because of that process, the Sanator 607 00:32:59,760 --> 00:33:03,160 Speaker 3: Robert Bird had rules in terms of what would qualify 608 00:33:03,240 --> 00:33:07,360 Speaker 3: for that what wouldn't qualify. From my standpoint, the parliamentarian 609 00:33:07,400 --> 00:33:10,400 Speaker 3: has been pretty even handed. When Democrats wanted to include 610 00:33:10,400 --> 00:33:13,080 Speaker 3: things were more policy than budget, she didn't allow it. 611 00:33:13,160 --> 00:33:15,120 Speaker 3: She's done the same thing here by the way, we 612 00:33:15,280 --> 00:33:17,480 Speaker 3: modify things that she wasn't going to kick out. We 613 00:33:17,600 --> 00:33:20,160 Speaker 3: listened to her instructions, we got it back in. So 614 00:33:20,520 --> 00:33:22,920 Speaker 3: I realized that ends up being kind of a bonus contention. 615 00:33:23,320 --> 00:33:25,320 Speaker 3: What we don't want to do is eliminate the philibuster. 616 00:33:25,400 --> 00:33:26,840 Speaker 3: I know a lot of people want us to, but 617 00:33:27,240 --> 00:33:30,520 Speaker 3: the filibuster has protected us from all kinds of massive 618 00:33:30,520 --> 00:33:34,960 Speaker 3: Democrats spending programs because in the minority, Republics had the 619 00:33:35,040 --> 00:33:37,440 Speaker 3: right to block some of that stuff. So, I mean, 620 00:33:37,480 --> 00:33:39,440 Speaker 3: I realized at the moment it's like, get rid of 621 00:33:39,440 --> 00:33:41,720 Speaker 3: that so we can get everything we want. That would 622 00:33:41,720 --> 00:33:44,760 Speaker 3: be pretty short sighted thinking. But again, we've got a 623 00:33:44,760 --> 00:33:48,040 Speaker 3: way to do this. You know, Rich Scott knows healthcare 624 00:33:48,120 --> 00:33:53,600 Speaker 3: like nobody else. Hey, brilliant proposal. Doesn't kick anybody off Medicaid, 625 00:33:53,640 --> 00:33:56,560 Speaker 3: just ends the Medicaid scam a few years in the future, 626 00:33:56,600 --> 00:34:01,800 Speaker 3: gives states, gives providers a chance to just how they're budgeting. Basically, 627 00:34:02,600 --> 00:34:05,360 Speaker 3: states and providers are based in their budget off of 628 00:34:05,400 --> 00:34:08,200 Speaker 3: this financing scam that has to end. We simply can't 629 00:34:08,200 --> 00:34:08,719 Speaker 3: afford it. 630 00:34:10,160 --> 00:34:13,640 Speaker 1: Where are we stand now. I know that Chuck Schumer 631 00:34:13,680 --> 00:34:17,800 Speaker 1: made the entire bill be read aloud in the Senate chamber, 632 00:34:17,880 --> 00:34:21,120 Speaker 1: and that took a long time. There's talk that Trump 633 00:34:21,200 --> 00:34:24,960 Speaker 1: wants to get this thing signed on July fourth. You're 634 00:34:25,000 --> 00:34:27,640 Speaker 1: in the Senate right now. What does the timeframe look 635 00:34:27,800 --> 00:34:29,759 Speaker 1: like for everybody out there? And where do we go 636 00:34:29,840 --> 00:34:30,279 Speaker 1: from here? 637 00:34:31,160 --> 00:34:33,840 Speaker 3: We were in the voter amas, so it's unlimited amendments, 638 00:34:33,840 --> 00:34:37,360 Speaker 3: so I can't predict how long it'll go. Again, we're 639 00:34:37,600 --> 00:34:41,040 Speaker 3: in very close conversation with conservatives in the House. They're 640 00:34:41,040 --> 00:34:44,000 Speaker 3: telling us this product right now is dead on arrival. 641 00:34:44,560 --> 00:34:47,560 Speaker 3: I actually take them seriously, you know, we kind of 642 00:34:47,600 --> 00:34:50,600 Speaker 3: ignored their formula, their math. They looked at this differently 643 00:34:50,600 --> 00:34:52,480 Speaker 3: than we did. We're I think about six hundred and 644 00:34:52,480 --> 00:34:56,600 Speaker 3: fifty billion dollars short. Now from my standpoint, I'm I'm 645 00:34:56,680 --> 00:35:00,880 Speaker 3: fine satisfying their requirement again, use Rick Scott's MA and 646 00:35:01,800 --> 00:35:06,919 Speaker 3: enrollment for new Obamacare nine dollars to one match. Those 647 00:35:06,920 --> 00:35:09,399 Speaker 3: guys can go too standard Medicaid, get get reversed, same 648 00:35:09,440 --> 00:35:12,880 Speaker 3: things as a sable child. Okay, do that start at 649 00:35:12,880 --> 00:35:15,280 Speaker 3: twenty twenty nine. That says this is about five hundred 650 00:35:15,280 --> 00:35:18,160 Speaker 3: billion dollars. Get rid of some of these extraneous measures, 651 00:35:18,160 --> 00:35:20,680 Speaker 3: some of these new task credits that just some some 652 00:35:20,800 --> 00:35:23,319 Speaker 3: Republican standard thought, Oh this is an important thing. Now 653 00:35:23,480 --> 00:35:25,600 Speaker 3: just get work. Thirty seven tillion dollars a death. This 654 00:35:25,640 --> 00:35:28,480 Speaker 3: is not a time for additional task credits, for jumping 655 00:35:28,560 --> 00:35:31,319 Speaker 3: up our task going further. So I would have no 656 00:35:31,400 --> 00:35:34,200 Speaker 3: problem taking look this, going look at this and say, okay, no, 657 00:35:34,280 --> 00:35:35,880 Speaker 3: we can reduce the deaths at by six hundred and 658 00:35:35,880 --> 00:35:39,879 Speaker 3: fifty billion. Not a problem. Again. Politically, you've got constituencies, 659 00:35:39,920 --> 00:35:42,840 Speaker 3: You've got people that apparently like to spend money, like 660 00:35:42,880 --> 00:35:46,319 Speaker 3: to offer new tax credits. Refuse to do what they 661 00:35:46,360 --> 00:35:49,200 Speaker 3: promised to do, you know, repeal Obamacare, rip it out 662 00:35:49,239 --> 00:35:51,400 Speaker 3: by the root and branch. This is just one route 663 00:35:51,760 --> 00:35:54,279 Speaker 3: that is probably the most damaging aspect of Obamacare, and 664 00:35:54,280 --> 00:35:56,400 Speaker 3: we've got Republicans now that aren't willing to do it. 665 00:35:56,960 --> 00:35:59,640 Speaker 3: Just where we need presidential leadership, say honor your promise, 666 00:36:00,080 --> 00:36:03,480 Speaker 3: get that additional deficit relief, get this past to the Senate, 667 00:36:03,760 --> 00:36:05,799 Speaker 3: get this past the House, and then we really will 668 00:36:05,880 --> 00:36:07,359 Speaker 3: end up with one big, beautiful bill. 669 00:36:07,960 --> 00:36:11,759 Speaker 1: Outstanding stuff. Senator Ron Johnson, We appreciate all the work 670 00:36:11,760 --> 00:36:15,000 Speaker 1: you're doing and keep us updated. You can hop on anytime. 671 00:36:15,520 --> 00:36:16,240 Speaker 3: Have great day. 672 00:36:16,480 --> 00:36:20,000 Speaker 1: Thanks for listening to Team forty seven with Clay and Buck.