1 00:00:01,320 --> 00:00:01,720 Speaker 1: Welcome. 2 00:00:01,760 --> 00:00:04,640 Speaker 2: It is a verdict with Senator Ted Cruz Ben Ferguson 3 00:00:04,720 --> 00:00:07,960 Speaker 2: with you, and the Senate has sent the debt ceiling 4 00:00:08,000 --> 00:00:12,639 Speaker 2: package to Biden's desk with the default threat just days away. 5 00:00:12,800 --> 00:00:16,639 Speaker 2: In translation, the sausage has been made in Washington, DC. 6 00:00:17,320 --> 00:00:19,400 Speaker 1: Senator, you just left that vote. 7 00:00:19,440 --> 00:00:22,680 Speaker 2: We are doing this after the vote took place, and 8 00:00:22,920 --> 00:00:26,200 Speaker 2: I want to start off with asking you this. This 9 00:00:26,280 --> 00:00:30,159 Speaker 2: couldn't get done without Republicans in the Senate. If the 10 00:00:30,200 --> 00:00:32,880 Speaker 2: Republicans all stayed together, they wouldn't have gotten the sixty 11 00:00:33,000 --> 00:00:38,000 Speaker 2: votes needed. So which Republicans went with the Democrats to 12 00:00:38,080 --> 00:00:39,479 Speaker 2: get this deal done? 13 00:00:40,080 --> 00:00:42,520 Speaker 3: Well, Ben, that's exactly right. You and I are sitting 14 00:00:42,600 --> 00:00:45,280 Speaker 3: here at is eleven fifty two pm on Thursday night. 15 00:00:45,360 --> 00:00:47,240 Speaker 3: I just came from the Senate floor about a half 16 00:00:47,280 --> 00:00:50,360 Speaker 3: hour ago. We were voting on the debt ceiling, and 17 00:00:50,520 --> 00:00:53,000 Speaker 3: we were voting on this deal, the Joe Biden deal 18 00:00:53,040 --> 00:00:55,920 Speaker 3: that he negotiated with Kevin McCarthy. It's a lousy deal. 19 00:00:55,960 --> 00:00:57,880 Speaker 3: We've talked about it quite a bit on the podcast. 20 00:00:58,480 --> 00:01:02,520 Speaker 3: And the interesting thing is in the Senate, Republicans had 21 00:01:02,560 --> 00:01:06,559 Speaker 3: it entirely within our power to kill this in order 22 00:01:06,600 --> 00:01:10,640 Speaker 3: for this to pass, the Democrats had to get sixty votes. 23 00:01:10,640 --> 00:01:14,800 Speaker 3: If they didn't get sixty votes, it wouldn't pass, which 24 00:01:14,880 --> 00:01:18,880 Speaker 3: means if forty one Republicans stood together, we could have 25 00:01:19,000 --> 00:01:23,479 Speaker 3: killed it. Actually, five Democrats voted no tonight, so if 26 00:01:23,520 --> 00:01:28,039 Speaker 3: those five had held their ground, just thirty six Republicans 27 00:01:28,680 --> 00:01:31,720 Speaker 3: could have stood together and killed it. But sadly that 28 00:01:31,880 --> 00:01:35,559 Speaker 3: didn't happen. So who are the Republicans that voted for 29 00:01:35,640 --> 00:01:40,720 Speaker 3: this deal? Well, in alphabetical order, John Boseman from Arkansas, 30 00:01:41,640 --> 00:01:47,480 Speaker 3: shelleymore Capito from West Virginia, Susan Collins from Maine, John 31 00:01:47,560 --> 00:01:54,120 Speaker 3: Cornyn from Texas, Jony Ernst from Iowa, Chuck Grassley from Iowa, 32 00:01:55,240 --> 00:02:01,960 Speaker 3: John Hoven from North Dakota, Mitch McConnell from Kentucky, Jerry 33 00:02:01,960 --> 00:02:07,960 Speaker 3: Moran from Kansas, Mark Wayne Mullen from Oklahoma, Lisa Murkowski 34 00:02:08,200 --> 00:02:15,679 Speaker 3: from Alaska, Mitt Romney from Utah, Mike Rounds from South Dakota, 35 00:02:16,600 --> 00:02:21,440 Speaker 3: John Thune from South Dakota, Tom Tillis from North Carolina, 36 00:02:22,840 --> 00:02:26,080 Speaker 3: and Todd Young from Indiana. Those are the Republicans that 37 00:02:26,200 --> 00:02:31,359 Speaker 3: joined with Chuck Schumer and Joe Biden in adding four 38 00:02:31,440 --> 00:02:35,840 Speaker 3: trillion more in debt in exchange for ultimately what were 39 00:02:36,000 --> 00:02:37,720 Speaker 3: very small spending cuts. 40 00:02:37,880 --> 00:02:39,520 Speaker 2: So the question I have to ask you, and I 41 00:02:39,560 --> 00:02:43,360 Speaker 2: know each of them probably had different reasons, but what 42 00:02:43,480 --> 00:02:45,080 Speaker 2: did they get out of it? I mean, that's a 43 00:02:45,120 --> 00:02:49,679 Speaker 2: long list. What was the reasoning for some of them 44 00:02:49,720 --> 00:02:51,959 Speaker 2: to just say, hey, screw it, we're going to go 45 00:02:52,000 --> 00:02:52,680 Speaker 2: along with us. 46 00:02:52,760 --> 00:02:56,040 Speaker 1: What did they get in return for that vote? 47 00:02:56,160 --> 00:03:00,720 Speaker 3: Well, in my time in the Senate, Republican leadership always 48 00:03:00,880 --> 00:03:05,480 Speaker 3: votes with the Democrats to increase debt, to raise the 49 00:03:05,520 --> 00:03:09,480 Speaker 3: death ceiling. Usually they get nothing for it. Usually this 50 00:03:09,680 --> 00:03:13,080 Speaker 3: fight is Republican leadership of the Senate saying we must 51 00:03:13,120 --> 00:03:16,160 Speaker 3: increase the death ceiling and get absolutely zero for it. 52 00:03:16,600 --> 00:03:19,639 Speaker 3: So I guess, you know, we should pause and reflect 53 00:03:19,680 --> 00:03:23,480 Speaker 3: that at least there were some modest concessions in this 54 00:03:23,600 --> 00:03:27,240 Speaker 3: deal Joe Biden and the White House. Initially, Biden's position 55 00:03:27,480 --> 00:03:30,799 Speaker 3: was he wouldn't negotiate, he would make no concessions whatsoever. 56 00:03:30,919 --> 00:03:36,640 Speaker 3: That was so patently unreasonable that House conservatives forced House 57 00:03:36,720 --> 00:03:40,240 Speaker 3: leadership to negotiate for something, And so there were some 58 00:03:40,560 --> 00:03:44,960 Speaker 3: concessions in this. But look, in the Senate, Senate Republican 59 00:03:45,040 --> 00:03:49,640 Speaker 3: leadership's view is every time there's a fight over a 60 00:03:49,680 --> 00:03:53,480 Speaker 3: death ceiling, every time there's a fight over a continuing resolution, 61 00:03:53,640 --> 00:03:57,000 Speaker 3: every time there's a fight over an omnibus, one hundred 62 00:03:57,000 --> 00:04:00,520 Speaker 3: out of one hundred times, Republican leadership does what the 63 00:04:00,520 --> 00:04:05,160 Speaker 3: Democrats want. Look, in December, Mitch McConnell led the fight 64 00:04:05,320 --> 00:04:11,400 Speaker 3: to pass a massive omnibus that funded Chuck Schumer and 65 00:04:11,520 --> 00:04:14,000 Speaker 3: Nancy Pelosi's priorities. And I want you to think about 66 00:04:14,040 --> 00:04:18,400 Speaker 3: how insane that was. So December was one month after 67 00:04:18,440 --> 00:04:21,400 Speaker 3: the November elections, when Republicans had just won a majority 68 00:04:21,920 --> 00:04:24,520 Speaker 3: in the House. So we knew there was a House 69 00:04:24,600 --> 00:04:29,560 Speaker 3: majority coming in in January, and yet in December it 70 00:04:29,680 --> 00:04:32,800 Speaker 3: was Republican leadership of the Senate that said, before those 71 00:04:32,839 --> 00:04:35,520 Speaker 3: crazy Republicans show up and take a majority in the House, 72 00:04:35,960 --> 00:04:39,599 Speaker 3: let's fund the entirety of the federal government through September thirtieth. 73 00:04:39,680 --> 00:04:42,640 Speaker 3: Let's take nine months out of twenty twenty three off 74 00:04:42,680 --> 00:04:45,680 Speaker 3: the table. Now, mind you, this Republican majority of the 75 00:04:45,720 --> 00:04:48,640 Speaker 3: House only gets two years, So if you take nine 76 00:04:48,640 --> 00:04:51,200 Speaker 3: months of the first year off the table, it means 77 00:04:51,560 --> 00:04:55,279 Speaker 3: zero of the Republican spending priorities can get enacted into law. 78 00:04:55,839 --> 00:05:01,120 Speaker 3: Because Senate Republican leadership decided it was their job to 79 00:05:01,360 --> 00:05:03,800 Speaker 3: ensure that Nancy Pelosi, on our way out the door, 80 00:05:03,839 --> 00:05:09,440 Speaker 3: got another two trillion dollars in spending. So that's a 81 00:05:09,520 --> 00:05:11,840 Speaker 3: dynamic that has played out a long time, and sadly, 82 00:05:11,880 --> 00:05:13,320 Speaker 3: it's a dynamic that played out tonight. 83 00:05:13,880 --> 00:05:15,760 Speaker 2: I want to ask you about the Democrats because you 84 00:05:15,800 --> 00:05:17,960 Speaker 2: mentioned there were some Democrats that voted no. 85 00:05:18,120 --> 00:05:20,640 Speaker 1: The question is why did they vote no? 86 00:05:20,760 --> 00:05:22,240 Speaker 2: And before I get you to answer that, I want 87 00:05:22,240 --> 00:05:23,920 Speaker 2: to tell you about our friends over at Chalk. 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And 113 00:06:53,000 --> 00:06:55,880 Speaker 2: after there's a big vote like this, we always have 114 00:06:56,839 --> 00:07:00,159 Speaker 2: a large number of new listeners that come in. They say, hey, 115 00:07:00,520 --> 00:07:02,360 Speaker 2: I just want to know what happened, right. They may 116 00:07:02,360 --> 00:07:05,200 Speaker 2: not do politics every day, but it's important. They want 117 00:07:05,240 --> 00:07:07,960 Speaker 2: to know how we got here. So explain in detail 118 00:07:08,080 --> 00:07:10,400 Speaker 2: why these Democrats would actually vote no. 119 00:07:11,800 --> 00:07:15,680 Speaker 3: Well, the final vote was sixty three to thirty six, 120 00:07:15,760 --> 00:07:18,600 Speaker 3: So there were thirty six nos of the nose, five 121 00:07:18,640 --> 00:07:22,160 Speaker 3: of them were Democrats and thirty one of them were Republicans. 122 00:07:22,760 --> 00:07:26,480 Speaker 3: So the five Democrats who voted no were Elizabeth Warren, 123 00:07:27,480 --> 00:07:34,360 Speaker 3: Bernie Sanders, Jeff Berkeley, Ed Markey, and John Fetterman. They're 124 00:07:34,520 --> 00:07:39,240 Speaker 3: basically the far left wing of the Democrat caucus in 125 00:07:39,280 --> 00:07:40,640 Speaker 3: the Senate. Now. 126 00:07:41,240 --> 00:07:42,480 Speaker 1: I don't know for sure. 127 00:07:42,360 --> 00:07:45,720 Speaker 3: Why they voted no, other than I assumed they didn't 128 00:07:45,720 --> 00:07:48,000 Speaker 3: want to make any concessions. The fact that there were 129 00:07:48,080 --> 00:07:55,200 Speaker 3: even slight modest concessions that Biden made for the unabashed 130 00:07:55,200 --> 00:07:58,680 Speaker 3: socialist wing of the party, presumably those concessions were too much. So, 131 00:07:58,800 --> 00:08:02,520 Speaker 3: for example, there are modest work requirements that are added 132 00:08:02,560 --> 00:08:06,160 Speaker 3: to food stamps and welfare. I am assuming I don't 133 00:08:06,160 --> 00:08:08,400 Speaker 3: know this. You'd have to ask Elizabeth Warren, you'd have 134 00:08:08,440 --> 00:08:10,960 Speaker 3: to ask Bernie Sanders why they voted now, but I'm 135 00:08:11,000 --> 00:08:14,360 Speaker 3: assuming their view is that even the tiniest bit of 136 00:08:14,360 --> 00:08:17,640 Speaker 3: work is unacceptable. They want people not to have to 137 00:08:17,680 --> 00:08:19,720 Speaker 3: work at all, and able bodied adults to be able 138 00:08:19,760 --> 00:08:23,400 Speaker 3: to stay at home and receive welfare payments in perpetuity. 139 00:08:24,160 --> 00:08:27,880 Speaker 3: I don't understand that reasoning. I genuinely my brain doesn't 140 00:08:27,880 --> 00:08:31,800 Speaker 3: work that way. I was always raised in a house. 141 00:08:31,800 --> 00:08:34,960 Speaker 3: If you don't work, you don't eat, and that I 142 00:08:34,960 --> 00:08:36,920 Speaker 3: think work is good for you. I think work is 143 00:08:36,960 --> 00:08:40,840 Speaker 3: good for the soul. I think it builds responsibility. I 144 00:08:40,840 --> 00:08:46,080 Speaker 3: think it builds self respect. I think just being dependent 145 00:08:47,040 --> 00:08:51,920 Speaker 3: SAPs your dignity and SAPs SAPs your self respect. But 146 00:08:52,640 --> 00:08:57,959 Speaker 3: for the far left, for them, if they see value 147 00:08:58,000 --> 00:09:01,840 Speaker 3: and work, they never vote that way. It is possible 148 00:09:02,640 --> 00:09:04,920 Speaker 3: that one of the reasons they voted no is there 149 00:09:04,960 --> 00:09:08,040 Speaker 3: was a component of this bill that green lighted a 150 00:09:08,120 --> 00:09:11,240 Speaker 3: natural gas pipeline in West Virginia that was a payoff 151 00:09:11,280 --> 00:09:14,800 Speaker 3: to Joe Mansion. It is possible that the left wing 152 00:09:14,880 --> 00:09:17,199 Speaker 3: Democrats that was a reason they voted no. This was 153 00:09:17,240 --> 00:09:20,599 Speaker 3: a payoff. Remember last year, Joe Manchin voted for the 154 00:09:21,040 --> 00:09:25,160 Speaker 3: misnamed the deceitfully named Inflation Reduction Act. That was a 155 00:09:25,400 --> 00:09:31,520 Speaker 3: massive bill that was trillions in spending and subsidies for 156 00:09:31,800 --> 00:09:35,200 Speaker 3: Green New Deal policies and taxes on oil and gas, 157 00:09:35,200 --> 00:09:38,319 Speaker 3: and it hammered by the way coal miners in West 158 00:09:38,360 --> 00:09:42,640 Speaker 3: Virginia hammered oil and gas producers. It hurt West Virginia. 159 00:09:42,679 --> 00:09:46,160 Speaker 3: But Joe Manchin voted yes nonetheless, and part of the 160 00:09:46,240 --> 00:09:49,200 Speaker 3: Dally cut with the White House and Schumer is that 161 00:09:49,280 --> 00:09:53,839 Speaker 3: he would get this pipeline in West Virginia approved. Well, 162 00:09:54,360 --> 00:09:57,840 Speaker 3: this was the payoff, the payoff for his vote, and 163 00:09:57,960 --> 00:10:01,439 Speaker 3: so maybe that was part of the reason the Democrats 164 00:10:01,520 --> 00:10:04,400 Speaker 3: voted no. I don't know for sure. What I know 165 00:10:04,559 --> 00:10:06,800 Speaker 3: is five d's voted no, which means if we had 166 00:10:06,840 --> 00:10:09,800 Speaker 3: thirty six rs who voted no, this would have been 167 00:10:09,840 --> 00:10:11,000 Speaker 3: defeated tonight in the Senate. 168 00:10:11,600 --> 00:10:13,760 Speaker 2: For people that don't listen all the time that may 169 00:10:13,760 --> 00:10:16,720 Speaker 2: be tuning in to this episode because of this vote, 170 00:10:17,400 --> 00:10:19,040 Speaker 2: there's a lot of people in the past that have 171 00:10:19,120 --> 00:10:21,240 Speaker 2: heard what you've said about this moving forward, as we 172 00:10:21,240 --> 00:10:23,320 Speaker 2: were keeping up dated last week and the week before, 173 00:10:23,800 --> 00:10:28,880 Speaker 2: But explain why specifically you said no and you voted no. 174 00:10:29,160 --> 00:10:32,480 Speaker 2: From your perspective as a center from Texas. 175 00:10:33,040 --> 00:10:36,560 Speaker 3: Well, it's very simple. This does not solve the problem, 176 00:10:36,640 --> 00:10:39,480 Speaker 3: and it doesn't even make a very significant improvement in 177 00:10:39,520 --> 00:10:42,559 Speaker 3: the problem. Let's step back for a minute. Let's look 178 00:10:42,600 --> 00:10:44,880 Speaker 3: at this with a broader perspective. Let's go back to 179 00:10:44,880 --> 00:10:46,959 Speaker 3: two thousand, two thousand, wasn't that long ago? It was 180 00:10:47,000 --> 00:10:51,000 Speaker 3: twenty three years ago, in the year two thousand. Do 181 00:10:51,000 --> 00:10:52,800 Speaker 3: you know where our national debt was in two thousand? 182 00:10:52,840 --> 00:10:52,960 Speaker 1: Men? 183 00:10:53,679 --> 00:10:56,120 Speaker 2: Nowhere near what it is now. And it's scary to 184 00:10:56,120 --> 00:10:58,760 Speaker 2: see how much the numbers gone up. I don't know 185 00:10:58,800 --> 00:11:01,480 Speaker 2: the exact number from two thousand, but it was nothing 186 00:11:01,559 --> 00:11:03,640 Speaker 2: remotely close to what we've accomplished now. 187 00:11:03,960 --> 00:11:07,040 Speaker 3: Well, that's accurate. And two thousand, the national debt was 188 00:11:07,480 --> 00:11:09,240 Speaker 3: five trillion dollars. 189 00:11:09,320 --> 00:11:10,640 Speaker 1: Five wow. 190 00:11:11,160 --> 00:11:13,960 Speaker 3: Now, in two thousand, a president that you and I 191 00:11:14,000 --> 00:11:17,920 Speaker 3: both worked for, George W. Bush, got elected. Bush served 192 00:11:17,960 --> 00:11:21,360 Speaker 3: for eight years. At the end of his eight year term, 193 00:11:21,440 --> 00:11:25,200 Speaker 3: the national debt had grown from five trillion dollars to 194 00:11:25,360 --> 00:11:30,080 Speaker 3: ten trillion dollars. In two thousand and eight, Barack Obama 195 00:11:30,120 --> 00:11:33,839 Speaker 3: became president. When he became president, the national debt was 196 00:11:33,880 --> 00:11:38,719 Speaker 3: ten trillion dollars. Eight years later, the national debt had 197 00:11:38,760 --> 00:11:44,120 Speaker 3: grown to twenty trillion dollars. So pause and reflect on 198 00:11:44,160 --> 00:11:47,960 Speaker 3: that for a moment. It had taken forty two presidents 199 00:11:48,040 --> 00:11:53,720 Speaker 3: over two hundred years to build five trillion dollars in debt. 200 00:11:54,480 --> 00:11:54,880 Speaker 1: Wow. 201 00:11:55,400 --> 00:11:59,560 Speaker 3: And then two presidents, one Republican and one Democrat, in 202 00:11:59,640 --> 00:12:06,640 Speaker 3: six steen years quadrupled the debt increased it from five 203 00:12:06,760 --> 00:12:11,000 Speaker 3: trillion dollars to twenty trillion dollars. Now, what happened next 204 00:12:11,400 --> 00:12:18,400 Speaker 3: twenty seventeen, the national debt is twenty trillion dollars. Where 205 00:12:18,400 --> 00:12:26,560 Speaker 3: are we today, thirty two trillion dollars. That's from twenty 206 00:12:26,640 --> 00:12:30,200 Speaker 3: seventeen to five and a half, less than six years 207 00:12:31,360 --> 00:12:33,880 Speaker 3: we've gone. Just go back to two thousand. From two 208 00:12:33,960 --> 00:12:38,319 Speaker 3: thousand to today, we've gone from five trillion to thirty 209 00:12:38,440 --> 00:12:44,240 Speaker 3: two trillion dollars. What we are doing is wildly irresponsible. 210 00:12:44,280 --> 00:12:47,400 Speaker 3: It is bankrupting our country. Now, let's go back to 211 00:12:47,400 --> 00:12:50,480 Speaker 3: twenty seventeen. Again, let's put this in perspective. Twenty seventeen, 212 00:12:51,720 --> 00:12:55,640 Speaker 3: total federal budget four trillion dollars. That's what the federal 213 00:12:55,640 --> 00:13:01,880 Speaker 3: government spent. What was total federal tax revenue three point 214 00:13:01,960 --> 00:13:04,720 Speaker 3: three trillion dollars. So we had, if you can do 215 00:13:04,800 --> 00:13:09,040 Speaker 3: some quick math, we had a seven hundred billion dollar deficit. 216 00:13:09,120 --> 00:13:14,640 Speaker 3: That was the amount that our expenditures exceeded revenues. Now 217 00:13:15,120 --> 00:13:19,000 Speaker 3: fast forward to today today, what we're looking at right 218 00:13:19,040 --> 00:13:22,760 Speaker 3: now is a total federal budget of about six point 219 00:13:23,000 --> 00:13:26,200 Speaker 3: six trillion dollars. Now, think about it. In six years, 220 00:13:26,600 --> 00:13:32,160 Speaker 3: we've gone from four trillion to six point six trillion, Like, 221 00:13:32,520 --> 00:13:36,280 Speaker 3: Holy cow, that is massive. Now, what's happened to tax revenues? Now, 222 00:13:36,320 --> 00:13:40,240 Speaker 3: remember in twenty seventeen we passed the historic tax cuts. 223 00:13:40,280 --> 00:13:43,839 Speaker 3: When we passed the tax cuts, all the Democrats, most 224 00:13:43,880 --> 00:13:48,120 Speaker 3: of the lying corporate media said, this tax cut is 225 00:13:48,160 --> 00:13:51,640 Speaker 3: going to cause federal tax revenues to plummet. It's going 226 00:13:51,720 --> 00:13:55,760 Speaker 3: to cause massive deficits, massive debt, this is disastrous for 227 00:13:55,840 --> 00:13:59,600 Speaker 3: the federal budget. Well, the nice thing about making predictions 228 00:13:59,679 --> 00:14:02,840 Speaker 3: is when time passes, you can see if those predictions 229 00:14:02,880 --> 00:14:05,880 Speaker 3: are true or false. We now know that every single 230 00:14:05,920 --> 00:14:09,840 Speaker 3: Democrat who said that was full of crap. We now 231 00:14:09,880 --> 00:14:14,120 Speaker 3: know that every media outlet that said that was telling 232 00:14:14,160 --> 00:14:18,880 Speaker 3: you something that is patently false. Why because every year 233 00:14:18,960 --> 00:14:23,120 Speaker 3: since twenty seventeen, after the tax cuts, every single year, 234 00:14:23,640 --> 00:14:27,440 Speaker 3: federal tax revenues went up and up and up, and 235 00:14:27,480 --> 00:14:32,760 Speaker 3: they're now just under five trillion dollars from three point 236 00:14:32,800 --> 00:14:36,720 Speaker 3: three trillion. That's a massive increase in federal tax revenue. 237 00:14:36,720 --> 00:14:41,440 Speaker 3: Why the economy grew. The tax cuts helped small businesses, 238 00:14:41,480 --> 00:14:46,200 Speaker 3: help job creators, created jobs, and that generated much more 239 00:14:46,240 --> 00:14:49,880 Speaker 3: tax revenue than did the higher rates before the tax cuts. Now, 240 00:14:50,400 --> 00:14:53,760 Speaker 3: getting nearly five trillion dollars in tax revenue is great 241 00:14:54,480 --> 00:14:58,480 Speaker 3: until you realize that the total budget is six point 242 00:14:58,560 --> 00:15:03,000 Speaker 3: six trill million dollars, so five doesn't get you there. 243 00:15:03,800 --> 00:15:06,920 Speaker 3: That's how we've gone from twenty trillion in debt to 244 00:15:07,000 --> 00:15:09,360 Speaker 3: thirty two trillion dollars in debt. And what does this 245 00:15:09,440 --> 00:15:14,960 Speaker 3: thing do. It green lights another four trillion dollars in debt. 246 00:15:14,960 --> 00:15:15,600 Speaker 1: And if you. 247 00:15:15,640 --> 00:15:22,400 Speaker 3: Contrast it, look the House, what it initially passed, was 248 00:15:22,760 --> 00:15:25,280 Speaker 3: a bill that would that would raise the debt ceiling 249 00:15:25,400 --> 00:15:28,200 Speaker 3: by one and a half trillion dollars. That's a lot 250 00:15:28,200 --> 00:15:31,560 Speaker 3: of money, but it had real and meaningful cuts. It 251 00:15:31,600 --> 00:15:34,640 Speaker 3: had cuts that would have saved a total of four 252 00:15:34,640 --> 00:15:37,920 Speaker 3: point eight trillion dollars over ten years. So that was 253 00:15:37,960 --> 00:15:40,760 Speaker 3: the trade off the House made is is okay, we're 254 00:15:40,760 --> 00:15:42,640 Speaker 3: not going to solve all the problem, but let's have 255 00:15:42,760 --> 00:15:46,480 Speaker 3: real and meaningful cuts and we'll add one point five 256 00:15:46,560 --> 00:15:49,480 Speaker 3: trillion in debt. What this did is it inverted that ratio. 257 00:15:50,240 --> 00:15:53,360 Speaker 3: Instead of one point five trillion in debt, it's four 258 00:15:53,440 --> 00:15:55,920 Speaker 3: trillion dollars in debt, so it's more than double, it's 259 00:15:55,920 --> 00:15:58,960 Speaker 3: almost triple the debt. The initial deal was and what 260 00:15:59,080 --> 00:16:02,400 Speaker 3: is the spending. Well, on the face of it, they're 261 00:16:02,440 --> 00:16:06,000 Speaker 3: claiming it's two trillion dollars, which is less than half 262 00:16:06,040 --> 00:16:08,720 Speaker 3: the four point eight trillion the House had initially, But 263 00:16:09,000 --> 00:16:12,120 Speaker 3: in reality it's much less than that because the bulk 264 00:16:12,200 --> 00:16:15,760 Speaker 3: of that savings is from the out years, where the 265 00:16:15,800 --> 00:16:19,480 Speaker 3: spending cuts aren't mandatory, which means the Democrats are going 266 00:16:19,520 --> 00:16:22,480 Speaker 3: to ignore them and waive them. So at the end 267 00:16:22,520 --> 00:16:27,440 Speaker 3: of the day, Republicans are celebrating, at least Republican leadership 268 00:16:27,480 --> 00:16:30,840 Speaker 3: is celebrating adding four trillion in debt for what will 269 00:16:30,880 --> 00:16:38,720 Speaker 3: prove to be nominal spending reductions. And I promise you tonight, 270 00:16:38,800 --> 00:16:43,840 Speaker 3: right now in the White House, they are popping champagne. 271 00:16:44,160 --> 00:16:46,040 Speaker 3: That should scare the hell out of you. 272 00:16:47,480 --> 00:16:49,160 Speaker 2: I want to ask you about the greenlighting and the 273 00:16:49,160 --> 00:16:51,280 Speaker 2: four trillion in new debt because I think it's so 274 00:16:51,320 --> 00:16:54,360 Speaker 2: important that people understand how do we just throw around 275 00:16:54,440 --> 00:16:56,920 Speaker 2: four trillion in new debt and what time period is 276 00:16:56,920 --> 00:16:59,800 Speaker 2: it's going to happen over before I get you to 277 00:16:59,800 --> 00:17:02,400 Speaker 2: in so that though we're talking about the economy, we're 278 00:17:02,440 --> 00:17:04,040 Speaker 2: talking about what's happening in this country. 279 00:17:04,480 --> 00:17:06,639 Speaker 1: We've talked about interest rates. 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And number three, they do a sit down 290 00:17:35,160 --> 00:17:38,480 Speaker 2: conference with you over the internet to talk about your 291 00:17:38,520 --> 00:17:42,320 Speaker 2: retirement right away before you do anything else. So if 292 00:17:42,400 --> 00:17:45,160 Speaker 2: you have one hundred thousand dollars or more that you've 293 00:17:45,200 --> 00:17:49,720 Speaker 2: saved for retirement, Augusta wants to talk to you. They 294 00:17:49,760 --> 00:17:51,919 Speaker 2: want to learn, They want to teach you about how 295 00:17:52,040 --> 00:17:55,560 Speaker 2: Gold IRA can protect you and your hard earned dollars. 296 00:17:56,000 --> 00:17:58,280 Speaker 2: Reach out to Augusta Precious Medals a day and get 297 00:17:58,320 --> 00:18:00,920 Speaker 2: started with gold. Don't let the bank failures, the interest 298 00:18:01,000 --> 00:18:03,920 Speaker 2: rates get you down. Get the free Gold guide, get 299 00:18:03,920 --> 00:18:08,000 Speaker 2: free gold, and get piece of mind. Eight seven to seven. 300 00:18:08,320 --> 00:18:12,080 Speaker 2: The number four Gold IRA is their number. Have that 301 00:18:12,119 --> 00:18:14,680 Speaker 2: web conference and see what they can do for you. 302 00:18:15,119 --> 00:18:19,520 Speaker 2: Eight seven seven the number four gold IRA to learn 303 00:18:19,560 --> 00:18:21,880 Speaker 2: how to protect your retirement and get your free gold coin. 304 00:18:21,920 --> 00:18:25,200 Speaker 2: That's a gust of precious metals dot com eight seven 305 00:18:25,320 --> 00:18:30,480 Speaker 2: seven the number four gold IRA. Senator, you mentioned greenlighting 306 00:18:30,480 --> 00:18:34,119 Speaker 2: of four trillion in new debt. How quickly are we 307 00:18:34,200 --> 00:18:38,560 Speaker 2: going to spend that four trillion dollars? What's it going to? 308 00:18:38,720 --> 00:18:40,560 Speaker 2: What was the reasoning behind it? 309 00:18:41,320 --> 00:18:42,960 Speaker 3: So that's in less than two years. 310 00:18:43,400 --> 00:18:43,720 Speaker 1: Wow. 311 00:18:43,760 --> 00:18:47,160 Speaker 3: So the initial bill, the quote limits, Save and Grow 312 00:18:47,200 --> 00:18:51,119 Speaker 3: bill that the House passed, increase the federal debt limit 313 00:18:51,280 --> 00:18:54,000 Speaker 3: by one point five trillion dollars. It was a fixed 314 00:18:54,160 --> 00:18:56,760 Speaker 3: dollar amount, and once you hit the additional one point 315 00:18:56,840 --> 00:18:59,280 Speaker 3: five trillion, you had to come back to Congress and 316 00:18:59,280 --> 00:19:02,840 Speaker 3: get author as AI to go up again. The value 317 00:19:02,880 --> 00:19:05,840 Speaker 3: of the debt ceiling is historically it's proven the only 318 00:19:05,880 --> 00:19:11,400 Speaker 3: effective lever point to force any meaningful fiscal restraint. Well, 319 00:19:11,680 --> 00:19:15,360 Speaker 3: this deal, it doesn't have a fixed dollar amount. There's 320 00:19:15,400 --> 00:19:18,199 Speaker 3: actually not an amount of debt that's authorized. What it 321 00:19:18,240 --> 00:19:24,080 Speaker 3: did instead is it suspended the debt ceiling altogether until 322 00:19:24,160 --> 00:19:27,680 Speaker 3: twenty twenty five, until after the election, until January twenty 323 00:19:27,680 --> 00:19:31,600 Speaker 3: twenty five. So based on current spending, that will be 324 00:19:32,720 --> 00:19:35,480 Speaker 3: in excess of four trillion dollars. But the reason they 325 00:19:35,480 --> 00:19:38,280 Speaker 3: did that is they did is the politicians didn't actually 326 00:19:38,280 --> 00:19:40,320 Speaker 3: want to vote for four trillion in debt. They just said, 327 00:19:40,320 --> 00:19:42,240 Speaker 3: oh no, no, we just suspended the debt ceiling, so 328 00:19:42,280 --> 00:19:45,720 Speaker 3: we didn't vote for a dollar amount. That's a way 329 00:19:45,800 --> 00:19:50,760 Speaker 3: to avoid responsibility for what you're voting for. It's also designed, 330 00:19:50,760 --> 00:19:52,480 Speaker 3: by the way, we're going to hit the death ceiling 331 00:19:53,040 --> 00:19:56,360 Speaker 3: again in January of twenty twenty five. Now, what will 332 00:19:56,359 --> 00:19:58,359 Speaker 3: have just happened. We will just had an election in 333 00:19:58,359 --> 00:20:01,000 Speaker 3: November of twenty twenty four. We will be in a 334 00:20:01,080 --> 00:20:04,680 Speaker 3: lame duck session with a bunch of retiring politicians going 335 00:20:04,680 --> 00:20:07,679 Speaker 3: out of office. And this is designed so that in 336 00:20:07,720 --> 00:20:11,120 Speaker 3: December of twenty twenty four, they're going to go back 337 00:20:11,160 --> 00:20:15,600 Speaker 3: and pass another massive spending bill, just like Mitch McConnell 338 00:20:15,600 --> 00:20:18,520 Speaker 3: and Nancy Pelosi did in December of last year. They're 339 00:20:18,520 --> 00:20:20,600 Speaker 3: going to do it again in December of twenty twenty 340 00:20:20,680 --> 00:20:23,439 Speaker 3: four trillions more, and they're going to say, if we 341 00:20:23,480 --> 00:20:26,320 Speaker 3: don't do that, we'll default on the debt. This is 342 00:20:26,400 --> 00:20:31,480 Speaker 3: designed to create another crisis, and they pick that date. 343 00:20:32,160 --> 00:20:34,159 Speaker 3: It's not by accident, by the way, we had an 344 00:20:34,200 --> 00:20:37,320 Speaker 3: amendment to shorten that time period, to shorten it to 345 00:20:37,400 --> 00:20:40,040 Speaker 3: November of this year. Of course, the Democrats all voted 346 00:20:40,080 --> 00:20:45,000 Speaker 3: against it. We had a bunch of different amendments one amendment. 347 00:20:45,080 --> 00:20:47,320 Speaker 3: So one of the things House leadership is pitching is 348 00:20:47,320 --> 00:20:51,640 Speaker 3: they say, well, there's some permitting reform here that's really important. 349 00:20:51,680 --> 00:20:54,960 Speaker 3: And the original version of the House Bill had what's 350 00:20:55,000 --> 00:20:57,200 Speaker 3: called the Rains Act, which is a bill I strongly 351 00:20:57,280 --> 00:21:01,600 Speaker 3: support that says any economic regulation that would impose one 352 00:21:01,640 --> 00:21:04,440 Speaker 3: hundred million dollars of cost or more on the economy 353 00:21:05,240 --> 00:21:07,480 Speaker 3: has to get an up down vote from Congress before 354 00:21:07,480 --> 00:21:12,200 Speaker 3: it goes into effect. It would be incredibly meaningful regulatory reform. Well, 355 00:21:12,200 --> 00:21:14,840 Speaker 3: of course the White House objected, and so that got 356 00:21:14,920 --> 00:21:21,200 Speaker 3: jettison from this. Instead, there are some modest permitting reforms 357 00:21:21,240 --> 00:21:25,879 Speaker 3: that are in this and regulatory reform of what's called 358 00:21:26,680 --> 00:21:30,120 Speaker 3: paygo to off the set of costly regulations. And guess 359 00:21:30,119 --> 00:21:34,000 Speaker 3: what the bill provides after it says that, it says, 360 00:21:34,000 --> 00:21:36,840 Speaker 3: oh well, the White House can wave them. So, in 361 00:21:36,920 --> 00:21:39,040 Speaker 3: other words, it has a provision that seems really tough. 362 00:21:39,080 --> 00:21:42,200 Speaker 3: Oh okay, this is actually that this will slow down 363 00:21:42,440 --> 00:21:45,239 Speaker 3: massive job killing regulations, except for the fact that they 364 00:21:45,240 --> 00:21:50,439 Speaker 3: wrote into the bill the White House can wave that reform. Now. 365 00:21:51,920 --> 00:21:54,520 Speaker 3: Mike Lee, my good friend, senator from Utah, had an 366 00:21:54,560 --> 00:21:57,199 Speaker 3: amendment to strike the waiver, to say, Okay, if you 367 00:21:57,280 --> 00:22:00,680 Speaker 3: actually have meaningful regulatory reform, don't get Joe Biden the 368 00:22:00,760 --> 00:22:03,159 Speaker 3: ability to waive it. And guess what, every Democrat voted No. 369 00:22:03,480 --> 00:22:08,200 Speaker 3: They said, nope, we want the waiver. And every single 370 00:22:08,200 --> 00:22:12,000 Speaker 3: amendment we considered was voted down. That was by design. 371 00:22:12,040 --> 00:22:14,480 Speaker 3: They wanted to change nothing. 372 00:22:15,119 --> 00:22:17,240 Speaker 1: Because there was a lot of excitement about the amendments. 373 00:22:17,280 --> 00:22:19,560 Speaker 2: I mean, Mike Lee went on TV several others saying 374 00:22:19,560 --> 00:22:21,920 Speaker 2: I'm gonna do in Paul, etc. You know, we're gonna 375 00:22:21,960 --> 00:22:25,000 Speaker 2: do these amendments, and we're gonna hold this thing and 376 00:22:25,040 --> 00:22:29,479 Speaker 2: force their hand. You're saying that Basically none of that worked. 377 00:22:30,880 --> 00:22:33,280 Speaker 3: None of that worked, and none of that worked because 378 00:22:33,359 --> 00:22:36,040 Speaker 3: Number one Schumer whipped the Democrats to make sure every 379 00:22:36,080 --> 00:22:39,879 Speaker 3: amendment was defeated, and McConnell whipped the Republicans to make 380 00:22:39,920 --> 00:22:43,439 Speaker 3: sure every amendment was defeated. Look, the final margin was 381 00:22:43,840 --> 00:22:46,720 Speaker 3: sixty three to thirty six, and at some level that's 382 00:22:46,760 --> 00:22:49,399 Speaker 3: a little bit better than I had expected. But it 383 00:22:49,560 --> 00:22:53,320 Speaker 3: might have even been we might have gotten to thirty 384 00:22:53,400 --> 00:22:55,960 Speaker 3: nine or forty knows. What they were not gonna let 385 00:22:56,000 --> 00:22:59,440 Speaker 3: happen was forty one knows because forty one nos kills this. 386 00:23:00,440 --> 00:23:05,159 Speaker 3: So at some level leadership in both sides was fine 387 00:23:05,240 --> 00:23:07,800 Speaker 3: with people voting no. If we'd gotten the forty one knows, 388 00:23:08,480 --> 00:23:11,240 Speaker 3: Schumer would have gone to the five Democrats voting no 389 00:23:11,400 --> 00:23:14,080 Speaker 3: and twisted someone's arm to switch their voter. McConnell would 390 00:23:14,080 --> 00:23:14,320 Speaker 3: have gone. 391 00:23:14,400 --> 00:23:16,080 Speaker 2: In other words, you would have got a pipeline like 392 00:23:16,240 --> 00:23:17,640 Speaker 2: in West Virginia to buy a vote. 393 00:23:17,640 --> 00:23:20,800 Speaker 3: Basically, well, and I have to say, really, the most 394 00:23:20,840 --> 00:23:24,800 Speaker 3: amusing moment on the Senate floor was an amendment about 395 00:23:24,840 --> 00:23:30,440 Speaker 3: the pipeline. So Joe Manchin, as part of the disastrous 396 00:23:30,520 --> 00:23:34,879 Speaker 3: so called Inflation Reduction Act that actually increased inflation and 397 00:23:34,960 --> 00:23:38,160 Speaker 3: had nearly two trillion in spending last year, he got 398 00:23:38,160 --> 00:23:42,359 Speaker 3: an agreement from Biden and Schumer to approve this natural 399 00:23:42,359 --> 00:23:47,040 Speaker 3: gas pipeline in West Virginia. And it didn't get done 400 00:23:47,119 --> 00:23:50,560 Speaker 3: last year, but it's rolled into this deal now. And 401 00:23:51,160 --> 00:23:59,080 Speaker 3: Tim Kaine, liberal Democrat from Virginia, introduced an amendment to 402 00:23:59,200 --> 00:24:04,840 Speaker 3: strip out Joe Mansions pipeline in West Virginia. And the 403 00:24:04,960 --> 00:24:10,720 Speaker 3: vote was very interesting because the more liberal Democrats voted 404 00:24:10,760 --> 00:24:14,760 Speaker 3: for Tim Kaine's amendment because they hate energy. They hate 405 00:24:14,800 --> 00:24:17,840 Speaker 3: natural gas, they hate oil, they hate any American energy 406 00:24:17,920 --> 00:24:22,159 Speaker 3: produced here unless it's windmills or solar. And what was 407 00:24:22,200 --> 00:24:25,320 Speaker 3: interesting is several Republicans ended up voting for it as well. 408 00:24:25,359 --> 00:24:27,760 Speaker 3: Mike Lee voted for it, Ran Paul voted for it, 409 00:24:28,200 --> 00:24:31,159 Speaker 3: and a bunch of the left wing Democrats stayed silent, 410 00:24:31,880 --> 00:24:34,960 Speaker 3: and they were scared how to vote because they didn't 411 00:24:34,960 --> 00:24:37,960 Speaker 3: want to vote for a natural gas pipeline, but they 412 00:24:38,040 --> 00:24:40,480 Speaker 3: knew that this was the deal cut with Joe Manchin 413 00:24:40,600 --> 00:24:44,719 Speaker 3: and they couldn't undercut that deal. And in particular, they 414 00:24:44,760 --> 00:24:48,960 Speaker 3: were terrified if any amendment got adopted, this bill would 415 00:24:48,960 --> 00:24:50,840 Speaker 3: get set back to the House. If we amended, it 416 00:24:50,880 --> 00:24:52,560 Speaker 3: goes back to the House, the House has to come 417 00:24:52,560 --> 00:24:55,879 Speaker 3: back and vote on it then. And so as we 418 00:24:55,960 --> 00:24:59,240 Speaker 3: went through the vote, the clerk is calling calling the senators, 419 00:24:59,280 --> 00:25:03,000 Speaker 3: and the clerk call the centers alphabetically, and a whole 420 00:25:03,080 --> 00:25:05,600 Speaker 3: bunch of the Democrat centers. Maizie Herono, one of the 421 00:25:05,600 --> 00:25:10,720 Speaker 3: most liberal Democrats there is. When they called Missarno, she 422 00:25:10,800 --> 00:25:13,320 Speaker 3: stayed silent. She was sitting right there. She just didn't vote, 423 00:25:14,800 --> 00:25:18,919 Speaker 3: and it went alphabetically through. Now Mike Lee was leaning 424 00:25:18,960 --> 00:25:21,760 Speaker 3: on me hard, saying, vote yes for Tim Kaine's amendment. 425 00:25:22,160 --> 00:25:25,840 Speaker 3: Let's number one, deny Joe Manchin the benefit of the 426 00:25:25,840 --> 00:25:29,360 Speaker 3: corrupt deal he cut with Schumer. And he said number two, 427 00:25:29,480 --> 00:25:32,280 Speaker 3: if we actually adopt this amendment, this could tank the 428 00:25:32,320 --> 00:25:35,760 Speaker 3: whole bill. And I told him, I said, Mike, look, 429 00:25:35,760 --> 00:25:38,040 Speaker 3: I'm from Texas. We produce a lot of. 430 00:25:38,040 --> 00:25:39,480 Speaker 1: Oil and gas in Texas. 431 00:25:40,119 --> 00:25:45,000 Speaker 3: I am very hard pressed to vote against any oil 432 00:25:45,080 --> 00:25:49,160 Speaker 3: pipeline or natural gas pipeline. That's just there are millions 433 00:25:49,160 --> 00:25:51,159 Speaker 3: of jobs that depend on oil and gas, and I 434 00:25:51,160 --> 00:25:54,359 Speaker 3: believe in American energy. But I did say, look, the 435 00:25:54,400 --> 00:25:56,920 Speaker 3: point about denying mansion the benefit of the corrupt deal, 436 00:25:57,000 --> 00:26:01,439 Speaker 3: that's real. And if this could take this entire deal down, 437 00:26:02,119 --> 00:26:04,720 Speaker 3: I'd be enthusiastically yes. So I told Mike, I said, 438 00:26:04,720 --> 00:26:07,919 Speaker 3: I'll tell you what, I'll refrain from voting. I'll just 439 00:26:07,960 --> 00:26:11,879 Speaker 3: sit back and see what happens. I won't vote early. 440 00:26:13,040 --> 00:26:15,320 Speaker 1: And so we went there for pure They don't understand 441 00:26:15,320 --> 00:26:16,800 Speaker 1: how it works. At first. 442 00:26:16,800 --> 00:26:19,840 Speaker 2: You vote like when you're saying alphabetically, if you don't 443 00:26:19,880 --> 00:26:22,200 Speaker 2: say anything, you don't lose the right to vote. 444 00:26:22,240 --> 00:26:23,800 Speaker 1: At the end, right, you can kind of see how 445 00:26:23,800 --> 00:26:24,560 Speaker 1: it plays out. 446 00:26:24,760 --> 00:26:28,080 Speaker 3: Right. So typically a vote is fifteen minutes, although they 447 00:26:28,200 --> 00:26:31,240 Speaker 3: usually run much longer than that, and there's a clerk 448 00:26:31,280 --> 00:26:34,960 Speaker 3: who's sitting there reading from this long skinny card. The 449 00:26:35,000 --> 00:26:38,560 Speaker 3: long skinny card has the names of every senator on it. 450 00:26:38,640 --> 00:26:41,000 Speaker 3: And this is old school. So the House has like 451 00:26:41,080 --> 00:26:43,360 Speaker 3: electronic voting where you put in a card, you push 452 00:26:43,400 --> 00:26:46,720 Speaker 3: a button and it lights up. The Senate is still 453 00:26:46,760 --> 00:26:50,439 Speaker 3: in the eighteen hundreds. The Senate, we still vote with 454 00:26:50,560 --> 00:26:54,160 Speaker 3: a clerk who calls your name and you either say 455 00:26:54,280 --> 00:26:58,320 Speaker 3: out loud yay or nay, or more typically, you just 456 00:26:58,400 --> 00:27:00,600 Speaker 3: do thumbs up or thumbs down. You look him in 457 00:27:00,640 --> 00:27:02,560 Speaker 3: the eye, and they will they will repeat. So they'll 458 00:27:02,600 --> 00:27:04,720 Speaker 3: be like mister Cruse, and you'll look at him and 459 00:27:04,760 --> 00:27:07,680 Speaker 3: you'll do a thumbs up and they'll go, mister Cruz I. 460 00:27:08,560 --> 00:27:13,760 Speaker 3: And with a pencil they will mark you as an eye. 461 00:27:14,400 --> 00:27:17,240 Speaker 3: And so each person they're marking with a pencil as 462 00:27:17,280 --> 00:27:20,040 Speaker 3: the votes are cast. But when they call your name, 463 00:27:20,040 --> 00:27:22,560 Speaker 3: you don't have to vote. So they call mister Cruz 464 00:27:22,800 --> 00:27:24,600 Speaker 3: and you stay silent. They go to the next name, 465 00:27:24,640 --> 00:27:28,800 Speaker 3: they go to the next name, and so you know, 466 00:27:28,880 --> 00:27:30,520 Speaker 3: I decided, all right, I'm going to sit back. And 467 00:27:30,560 --> 00:27:34,399 Speaker 3: it was hysterical watching the Democrats skirm squirm because they 468 00:27:34,440 --> 00:27:37,439 Speaker 3: were like, oh, no, if this thing's about to pass, 469 00:27:38,640 --> 00:27:40,520 Speaker 3: we're all going to have to vote against it, and 470 00:27:41,280 --> 00:27:43,960 Speaker 3: our crazy environmentalists to be mad at us if if 471 00:27:44,000 --> 00:27:48,000 Speaker 3: we vote against killing a natural gas pipeline. Now, at 472 00:27:48,000 --> 00:27:51,600 Speaker 3: the end of the day, very few Republicans were able 473 00:27:51,600 --> 00:27:54,960 Speaker 3: to vote strategically, so a whole bunch of Republicans voted no, no, no, no, no, 474 00:27:55,160 --> 00:27:58,560 Speaker 3: including Mitch McConnell right at the outset No. So, like 475 00:27:58,640 --> 00:28:02,200 Speaker 3: what Mike was trying to do, if we actually had 476 00:28:02,320 --> 00:28:05,200 Speaker 3: effective leadership on our side, we might have whipped everyone 477 00:28:05,240 --> 00:28:08,560 Speaker 3: to vote for Kine's amendment to strip out Mansions deal. 478 00:28:09,359 --> 00:28:11,680 Speaker 3: But our leadership didn't want to do that because then the. 479 00:28:11,640 --> 00:28:14,400 Speaker 2: Democrats they're gonna ask you why though, like you would 480 00:28:14,440 --> 00:28:17,120 Speaker 2: think that would be a no brainer to say, you're 481 00:28:17,160 --> 00:28:19,880 Speaker 2: not gonna get these where, you're not gonna get these deals, 482 00:28:19,920 --> 00:28:22,119 Speaker 2: you're not gonna get to hook people up this way. 483 00:28:22,480 --> 00:28:25,280 Speaker 2: And yet here the Republicans are and the leadership going yeah, no, 484 00:28:25,440 --> 00:28:27,320 Speaker 2: we kind of we're gonna let this happen. In fact, 485 00:28:27,359 --> 00:28:30,080 Speaker 2: we're gonna protect it to make sure it happens. This 486 00:28:30,119 --> 00:28:34,080 Speaker 2: is what drives the American people center insane as obviously 487 00:28:34,119 --> 00:28:34,840 Speaker 2: you know this. 488 00:28:35,160 --> 00:28:39,840 Speaker 3: So Ben I genuinely don't know. But what happened. So 489 00:28:39,920 --> 00:28:44,360 Speaker 3: we got to the end of the voting alphabetically and 490 00:28:44,440 --> 00:28:47,360 Speaker 3: they read it out and there were over fifty one knows. 491 00:28:47,920 --> 00:28:50,920 Speaker 3: And so then two things happened. All the Democrats who 492 00:28:50,920 --> 00:28:54,680 Speaker 3: hadn't voted, they immediately rushed to vote yes. So they 493 00:28:55,440 --> 00:28:58,080 Speaker 3: once it was clear that Cain was going to be defeated, 494 00:28:58,080 --> 00:28:59,640 Speaker 3: that it was Republicans who were going to defeat it, 495 00:29:01,160 --> 00:29:03,640 Speaker 3: a whole bunch of Democrats rushed in and voted yes. 496 00:29:03,680 --> 00:29:10,840 Speaker 3: See yay, I'm a crazy environmentalist. And secondly, actually most 497 00:29:10,880 --> 00:29:14,680 Speaker 3: of the RS, several of the d's who had voted 498 00:29:14,840 --> 00:29:18,600 Speaker 3: no initially switched their vote to a yes once it 499 00:29:18,640 --> 00:29:21,400 Speaker 3: was clear it was going to be defeated. And most 500 00:29:21,440 --> 00:29:24,120 Speaker 3: of the RS, most of the Republicans who had voted yes, 501 00:29:24,160 --> 00:29:26,880 Speaker 3: switched their vote to a no once it was clear 502 00:29:26,920 --> 00:29:29,400 Speaker 3: it was going to be defeated as well. So but 503 00:29:29,480 --> 00:29:34,400 Speaker 3: there was a moment so Democrat leadership was whipping against 504 00:29:34,600 --> 00:29:36,920 Speaker 3: the Cane amendment was whipping in favor of the Joe 505 00:29:36,920 --> 00:29:41,840 Speaker 3: Mansion pipeline. So Schumer voted with Joe Manchin. Schumer's whips 506 00:29:41,880 --> 00:29:44,240 Speaker 3: voted for Joe Manchin. So one of the more liberal 507 00:29:44,640 --> 00:29:47,840 Speaker 3: Democrats who's part of Schumer's whip team voted for it. 508 00:29:47,920 --> 00:29:49,400 Speaker 3: I walked up and said, all right, tell me, have 509 00:29:49,440 --> 00:29:52,800 Speaker 3: you ever voted for a pipeline before in your life? 510 00:29:53,000 --> 00:29:55,960 Speaker 3: And he kind of laughed and said no. And I'm like, well, 511 00:29:56,000 --> 00:29:58,000 Speaker 3: you know, they're forty nine other states. We could use 512 00:29:58,000 --> 00:30:00,040 Speaker 3: some pipelines too. How about the rest of us? This 513 00:30:00,160 --> 00:30:03,000 Speaker 3: is their love for any other state? And he just 514 00:30:03,120 --> 00:30:06,400 Speaker 3: laughed And the answer, of course, is no. But it 515 00:30:06,640 --> 00:30:11,880 Speaker 3: was an amusing moment on the floor how nervous Democrats 516 00:30:11,920 --> 00:30:15,600 Speaker 3: were that Republicans might actually support this amendment and strip 517 00:30:15,640 --> 00:30:18,600 Speaker 3: out the deal with Mansion, which would mean it would 518 00:30:18,600 --> 00:30:21,360 Speaker 3: force all of them to vote for the pipeline. Ultimately, 519 00:30:21,400 --> 00:30:23,480 Speaker 3: they didn't have to do that, but we came there 520 00:30:23,560 --> 00:30:24,920 Speaker 3: was a moment where it looked like it might. 521 00:30:25,920 --> 00:30:28,440 Speaker 2: You mentioned earlier there's going to be another showdown that's 522 00:30:28,480 --> 00:30:30,200 Speaker 2: going to happen later this year, and I want to 523 00:30:30,240 --> 00:30:31,959 Speaker 2: ask you about that. I also want to ask you 524 00:30:31,960 --> 00:30:34,360 Speaker 2: about the debt. How big of an issue you think 525 00:30:34,400 --> 00:30:36,040 Speaker 2: this is going to be and how big of an 526 00:30:36,080 --> 00:30:39,760 Speaker 2: issue should it be in the twenty twenty four presidential election. 527 00:30:39,880 --> 00:30:41,800 Speaker 2: Before I get that, I want to tell you about 528 00:30:41,800 --> 00:30:44,160 Speaker 2: a friend's over at Patriot Mobile. 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They also are an American company. They have 545 00:31:34,320 --> 00:31:37,720 Speaker 2: one hundred percent US based customer service team. They don't 546 00:31:37,760 --> 00:31:41,160 Speaker 2: outsource it overseas, they do it right here in America. 547 00:31:41,400 --> 00:31:46,080 Speaker 2: Switching is also easy, so call them. Go to Patriotmobile 548 00:31:46,120 --> 00:31:50,640 Speaker 2: dot com slash verdict now use the promo code Verdict, 549 00:31:50,920 --> 00:31:54,800 Speaker 2: and you'll also get free activation and the best pricing 550 00:31:55,040 --> 00:31:58,560 Speaker 2: of the year. Age seven eight Patriot is their number. 551 00:31:58,880 --> 00:32:02,760 Speaker 2: That's eight seven eight Patriot age seven to eight Patriot 552 00:32:02,800 --> 00:32:04,240 Speaker 2: or Patriot Mobile dot. 553 00:32:03,960 --> 00:32:06,280 Speaker 1: Com slash verdict. 554 00:32:06,600 --> 00:32:11,000 Speaker 2: Senator, there's another showdown that's going to happen, and people 555 00:32:11,040 --> 00:32:12,680 Speaker 2: are gonna roll their eyes and they're going to say, 556 00:32:12,720 --> 00:32:16,000 Speaker 2: here we go again. How big of an issue should 557 00:32:16,040 --> 00:32:19,800 Speaker 2: that showdown become for the twenty twenty four presidential And 558 00:32:20,000 --> 00:32:23,160 Speaker 2: how big of an issue do you think this debt 559 00:32:23,400 --> 00:32:25,320 Speaker 2: that we are in as a nation right now? Should 560 00:32:25,360 --> 00:32:27,560 Speaker 2: this be the top issue in the presidential election in 561 00:32:27,600 --> 00:32:29,240 Speaker 2: your opinion? And I'm talking about both sides now, I'm 562 00:32:29,240 --> 00:32:32,840 Speaker 2: saying in general for all American voters, how concerning of 563 00:32:32,880 --> 00:32:34,000 Speaker 2: an issue should this rank? 564 00:32:35,640 --> 00:32:42,479 Speaker 3: Well, Look, every conceivable presidential candidate in the Senate voted 565 00:32:42,520 --> 00:32:46,080 Speaker 3: no on this deal. In the Senate. The only two 566 00:32:46,160 --> 00:32:51,160 Speaker 3: Democrats who might conceivably run or Elizabeth Warren or Bernie Sanders. 567 00:32:51,320 --> 00:32:55,720 Speaker 3: They both voted no. Tim Scott, who's the only Senator 568 00:32:55,760 --> 00:33:02,240 Speaker 3: currently running, he voted no. Any others who had previously run, 569 00:33:02,320 --> 00:33:05,840 Speaker 3: I voted no. Rand Paul voted no. Mark or Rubio 570 00:33:05,920 --> 00:33:11,080 Speaker 3: voted no. Lindsey Graham voted no. Other people who might 571 00:33:11,120 --> 00:33:15,360 Speaker 3: conceivably run. Tom Cotton voted no. Josh Holly voted no. 572 00:33:16,280 --> 00:33:19,240 Speaker 3: Like anyone thinking of running for president votes against this deal. 573 00:33:19,960 --> 00:33:22,160 Speaker 3: By the way, Barack Obama, when he was in the Senate, 574 00:33:22,440 --> 00:33:25,280 Speaker 3: voted consistently against raising the debt ceiling when George W. 575 00:33:25,400 --> 00:33:27,800 Speaker 3: Bush was president and gave speeches on the Senate floor 576 00:33:28,160 --> 00:33:30,600 Speaker 3: about how the fact that we had to raise the 577 00:33:30,600 --> 00:33:32,840 Speaker 3: debt ceiling back when the debt was down below five 578 00:33:32,920 --> 00:33:36,800 Speaker 3: trillion dollars, how it showed how irresponsible the Bush administration was. 579 00:33:39,040 --> 00:33:42,600 Speaker 3: So that dynamic is a very real dynamic if you 580 00:33:42,680 --> 00:33:46,400 Speaker 3: look at the current presidential contenders. Obviously Joe Biden supports this, 581 00:33:46,480 --> 00:33:52,120 Speaker 3: will sign this, and will trumpet this as a big victory. 582 00:33:52,200 --> 00:33:54,800 Speaker 3: If Donald Trump said anything about this deal, I have 583 00:33:54,920 --> 00:33:56,840 Speaker 3: not seen it. I don't know if he's comm editor 584 00:33:56,920 --> 00:34:01,959 Speaker 3: or not, but if he did aware of it, So 585 00:34:03,720 --> 00:34:05,480 Speaker 3: at the end of the day, we'll see how big 586 00:34:05,520 --> 00:34:10,000 Speaker 3: an issue this is in the presidential debate. The incumbent 587 00:34:10,040 --> 00:34:16,280 Speaker 3: president supported it enthusiastically, and uh, you know, we're headed 588 00:34:16,320 --> 00:34:18,239 Speaker 3: towards thirty six trillion dollars in debt. 589 00:34:19,280 --> 00:34:20,920 Speaker 1: It's incredible. Don't forget. 590 00:34:21,040 --> 00:34:24,279 Speaker 2: If you are a new due verdict today, make sure 591 00:34:24,320 --> 00:34:27,239 Speaker 2: you hit that follow button. If you are listening on 592 00:34:27,280 --> 00:34:30,040 Speaker 2: Apple many other places where you may be listening, they'll. 593 00:34:29,840 --> 00:34:30,880 Speaker 1: Either have follow. 594 00:34:31,120 --> 00:34:34,680 Speaker 2: The subscribe or auto download makes you select that you'll 595 00:34:34,719 --> 00:34:37,840 Speaker 2: get this podcast every day that we published Monday, Wednesday 596 00:34:37,840 --> 00:34:40,239 Speaker 2: and Fridays, also when there's other breaking news. The Centator 597 00:34:40,320 --> 00:34:41,919 Speaker 2: is going to be joining me on my podcast, which 598 00:34:41,920 --> 00:34:44,880 Speaker 2: I do every day. 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