1 00:00:00,080 --> 00:00:03,440 Speaker 1: Welcome in our number two Clay Travis buck Sexton Show. 2 00:00:03,520 --> 00:00:06,680 Speaker 1: We're up here in Washington, d C. Visiting with many 3 00:00:06,720 --> 00:00:10,760 Speaker 1: of our friends in Congress as the big beautiful bill 4 00:00:11,039 --> 00:00:13,560 Speaker 1: wins the wines, I guess is the correct word. It's 5 00:00:13,680 --> 00:00:16,760 Speaker 1: way through the halls of Congress. It's in the Senate 6 00:00:16,840 --> 00:00:21,720 Speaker 1: right now, and Senator Ron Johnson of Wisconsin is with us, 7 00:00:21,800 --> 00:00:24,200 Speaker 1: and we are going to do a deep dive on 8 00:00:24,560 --> 00:00:28,680 Speaker 1: spending the bill, what should happen from his perspective, and 9 00:00:28,720 --> 00:00:30,880 Speaker 1: where we are headed. So for people out there that 10 00:00:30,960 --> 00:00:34,280 Speaker 1: really want to dive into some of the nitty gritty 11 00:00:34,360 --> 00:00:38,479 Speaker 1: about the economic policies in place, we wanted to bring 12 00:00:38,720 --> 00:00:42,120 Speaker 1: you in because I would say you and Ran Paul, Senator, 13 00:00:42,159 --> 00:00:45,120 Speaker 1: I think it's fair to say are probably at the 14 00:00:45,159 --> 00:00:49,520 Speaker 1: forefront of we are spending way too much money. And 15 00:00:49,920 --> 00:00:54,280 Speaker 1: your argument has been that essentially, and you correct me 16 00:00:54,320 --> 00:00:55,720 Speaker 1: if I'm wrong on any of this, but I'm trying 17 00:00:55,720 --> 00:00:58,680 Speaker 1: to lay it out and then let you make the case. Essentially, 18 00:00:58,720 --> 00:01:01,880 Speaker 1: we have embedded the govern mint spending that started with COVID, 19 00:01:02,160 --> 00:01:05,920 Speaker 1: that accelerated at a rapid level as the default basis 20 00:01:05,959 --> 00:01:10,520 Speaker 1: for budgets going forward, instead of for instance, after World 21 00:01:10,560 --> 00:01:14,600 Speaker 1: War Two, drastically dialing back spending. We have allowed that 22 00:01:14,680 --> 00:01:19,000 Speaker 1: spending process to become the basis upon which all budget 23 00:01:19,040 --> 00:01:20,920 Speaker 1: bills since COVID have been crafted. 24 00:01:21,400 --> 00:01:23,440 Speaker 2: Is that correct? How do we fix it? If it 25 00:01:23,480 --> 00:01:26,160 Speaker 2: is correct? Well, first of all, welcome to this alternate universe. 26 00:01:26,319 --> 00:01:28,240 Speaker 2: Thank y Washington. Do you see you know why? 27 00:01:28,240 --> 00:01:31,560 Speaker 3: Both were former residents here, so we we're like reform 28 00:01:31,640 --> 00:01:32,400 Speaker 3: swamp creatures. 29 00:01:32,880 --> 00:01:35,319 Speaker 2: You're smart enough to move out? Oh yeah, I come 30 00:01:35,360 --> 00:01:38,360 Speaker 2: here part time, But no, I mean you you stated 31 00:01:38,400 --> 00:01:40,960 Speaker 2: the case pretty well. We spend four point four trillion 32 00:01:41,000 --> 00:01:45,600 Speaker 2: dollars in twenty nineteen, pandemic hits spent six point five, 33 00:01:45,840 --> 00:01:48,200 Speaker 2: and we never looked back. And I'm probably saying this 34 00:01:48,240 --> 00:01:49,880 Speaker 2: on the show. I don't know of American family. If 35 00:01:49,920 --> 00:01:52,360 Speaker 2: they got ill, somebody got ill, they had to borrow 36 00:01:52,360 --> 00:01:54,800 Speaker 2: fifty thousand dollars pay for medical bills. If they got 37 00:01:54,800 --> 00:01:57,040 Speaker 2: well the next year, they want to keep borrowing fifty 38 00:01:57,040 --> 00:01:59,400 Speaker 2: thousand dollars and keep spending at that level. That's exactly 39 00:01:59,400 --> 00:02:02,040 Speaker 2: what we've done. So four point four this year will 40 00:02:02,080 --> 00:02:04,560 Speaker 2: spend over seven trillion. That's a fifty eight percent increase. 41 00:02:04,560 --> 00:02:06,240 Speaker 2: Next year about seven point three and I know these 42 00:02:06,280 --> 00:02:09,520 Speaker 2: are a lot of numbers, but that's why I do charts. Yep. 43 00:02:09,600 --> 00:02:11,880 Speaker 2: And you know's what's kind of depressing about my charts 44 00:02:11,880 --> 00:02:14,639 Speaker 2: as it lays out of a pretty depressing reality. Let 45 00:02:14,680 --> 00:02:18,720 Speaker 2: me throw some more numbers under the Bush administration. Eight years, 46 00:02:18,760 --> 00:02:21,360 Speaker 2: they averaged deficts to two hundred and fifty billion dollars 47 00:02:21,400 --> 00:02:25,239 Speaker 2: a year. Obama came in his first four years one 48 00:02:25,280 --> 00:02:28,120 Speaker 2: point three trillion. I mean, that sparked the Tea Party movement. 49 00:02:28,160 --> 00:02:30,320 Speaker 2: That's why I came into town. The Tea Party movement 50 00:02:30,360 --> 00:02:33,720 Speaker 2: had an impact. And those deficits in his last term 51 00:02:33,800 --> 00:02:36,320 Speaker 2: was were five hundred and fifty billion dollars. Trump comes 52 00:02:36,360 --> 00:02:39,200 Speaker 2: into office, had to do deals with Democrats. His average 53 00:02:39,200 --> 00:02:42,960 Speaker 2: defict was eight hundred and ten. Then COVID hit one 54 00:02:43,040 --> 00:02:46,520 Speaker 2: year three hundred three point one trillion dollar deficit. And 55 00:02:46,560 --> 00:02:51,320 Speaker 2: again with responsible leaders like we had in World War Two. Okay, 56 00:02:51,360 --> 00:02:55,000 Speaker 2: pandemic's over time to return to pre pandemic levels. Eh, 57 00:02:55,080 --> 00:02:57,919 Speaker 2: it's not what Biden did. Biden continued to spend again 58 00:02:57,960 --> 00:03:01,359 Speaker 2: this year about seven trillion. His average deficit for four 59 00:03:01,440 --> 00:03:03,400 Speaker 2: years was one point nine trillion. Okay, wait, so let's 60 00:03:03,480 --> 00:03:05,679 Speaker 2: let's jump in right there. Because I think that's very important, 61 00:03:05,720 --> 00:03:07,480 Speaker 2: and we have the charts to work with, but all 62 00:03:07,480 --> 00:03:09,959 Speaker 2: of our people all across the country or they're trying 63 00:03:10,000 --> 00:03:13,560 Speaker 2: to visualize these numbers as we go where yeah, he's 64 00:03:13,600 --> 00:03:14,160 Speaker 2: holding it up. 65 00:03:14,200 --> 00:03:18,200 Speaker 3: I wish we had Oh well, yeah, but tell me 66 00:03:18,280 --> 00:03:22,440 Speaker 3: this where is the additional money going? Because here's what 67 00:03:22,520 --> 00:03:25,200 Speaker 3: happens every time we talk about cutting. And I also 68 00:03:25,240 --> 00:03:27,920 Speaker 3: have to bring up some of the objections to the 69 00:03:27,960 --> 00:03:29,919 Speaker 3: objections to the big beautiful bill, and I want you 70 00:03:29,960 --> 00:03:30,640 Speaker 3: to address those. 71 00:03:30,560 --> 00:03:30,960 Speaker 2: In a second. 72 00:03:31,000 --> 00:03:33,960 Speaker 3: But first, anytime we talk about cutting, we could light 73 00:03:34,040 --> 00:03:36,440 Speaker 3: up the phones for three hours straight. Here, how dare 74 00:03:36,480 --> 00:03:39,080 Speaker 3: you you want to touch my social security? How dare 75 00:03:39,120 --> 00:03:41,280 Speaker 3: you you want to touch my medicare? Well, hold on 76 00:03:41,320 --> 00:03:44,760 Speaker 3: a second. If those things weren't being touched at eight 77 00:03:44,800 --> 00:03:47,800 Speaker 3: hundred billion or a trillion a year, what where's the 78 00:03:47,840 --> 00:03:50,839 Speaker 3: extra trillion dollars give or take that? Now is the 79 00:03:50,880 --> 00:03:54,800 Speaker 3: post pandemic spending norm what's that money going? It's literally 80 00:03:54,880 --> 00:03:55,560 Speaker 3: across the board. 81 00:03:55,560 --> 00:03:57,600 Speaker 2: And that's why I've laid out with my pre pandemic 82 00:03:57,680 --> 00:04:01,200 Speaker 2: levels of spending that analysis where you take actual total alays, 83 00:04:01,520 --> 00:04:04,640 Speaker 2: you exclude soci security, Medicare, and interest spend what you 84 00:04:04,680 --> 00:04:06,960 Speaker 2: need to spend, and then you plus up all those 85 00:04:07,080 --> 00:04:10,840 Speaker 2: other outlays by population growth, inflation. And if you do 86 00:04:10,960 --> 00:04:14,200 Speaker 2: that for twenty nineteen, for example, this year, you'd be 87 00:04:14,240 --> 00:04:17,520 Speaker 2: spending six point five versus the seven. You know, if 88 00:04:17,520 --> 00:04:18,960 Speaker 2: you go back to Clint or a Bomba, you'd be 89 00:04:18,960 --> 00:04:21,200 Speaker 2: spending five point five to six point two. Okay, So 90 00:04:21,240 --> 00:04:23,840 Speaker 2: again it's across the board, which is why one of 91 00:04:23,880 --> 00:04:27,960 Speaker 2: the solutions is we need to forensically audit every line, 92 00:04:28,520 --> 00:04:31,279 Speaker 2: every program, like dose is done. Okay, So you're. 93 00:04:31,120 --> 00:04:35,520 Speaker 3: Telling me then that there is of that spending increase, 94 00:04:35,839 --> 00:04:38,960 Speaker 3: if it's coming from these is it and you're not 95 00:04:39,000 --> 00:04:40,679 Speaker 3: going to touch it? Sounds like me like you wouldn't 96 00:04:40,680 --> 00:04:44,040 Speaker 3: touch the non discretionary spending, right because that's that's you're 97 00:04:44,080 --> 00:04:46,000 Speaker 3: taking Medicare, social Security, and interest. 98 00:04:46,040 --> 00:04:48,560 Speaker 2: You see, that's right, that's part of mandatory. But you 99 00:04:48,560 --> 00:04:51,560 Speaker 2: also have Medicaid and we've got to fix the Obamacare 100 00:04:51,600 --> 00:04:54,440 Speaker 2: portion of that. Get a trillion dollars of other mandatory spending. 101 00:04:54,600 --> 00:04:57,200 Speaker 3: This is what I mean, where's that other trillion dollars? 102 00:04:56,800 --> 00:04:59,800 Speaker 3: That's it's Medicaid and then just everything else. 103 00:05:00,200 --> 00:05:04,560 Speaker 2: So what they've done over years because nobody knows they're 104 00:05:04,560 --> 00:05:06,839 Speaker 2: doing this because you have these omnivous spending bills, and 105 00:05:06,960 --> 00:05:11,000 Speaker 2: just magically they moved discretionary spending into the mandatory accounts. 106 00:05:11,520 --> 00:05:14,440 Speaker 2: So during COVID, that other mandatory now social carey, to 107 00:05:14,480 --> 00:05:17,120 Speaker 2: medicare or even medicaid. I think went up top to 108 00:05:17,279 --> 00:05:20,360 Speaker 2: about two point two trillion dollars. In twenty nineteen was 109 00:05:20,360 --> 00:05:22,480 Speaker 2: six hundred and forty two billion, went to two point two. 110 00:05:22,720 --> 00:05:24,760 Speaker 2: It's been ramping down last year. I think it was 111 00:05:24,800 --> 00:05:27,120 Speaker 2: one point three trillion. This year would be about a trillion. 112 00:05:27,520 --> 00:05:29,760 Speaker 2: That's a trillion dollar. You mean discretionary spending is about 113 00:05:29,760 --> 00:05:30,960 Speaker 2: one point seven You were. 114 00:05:30,839 --> 00:05:32,960 Speaker 3: A business guy at Trump was and still is in 115 00:05:33,000 --> 00:05:35,080 Speaker 3: many ways a business guy. When you say this to him, 116 00:05:35,120 --> 00:05:37,279 Speaker 3: what does he say? Because he wants this thing passed 117 00:05:37,680 --> 00:05:41,159 Speaker 3: with gusto. He wants this big, beautiful bill, he believes. 118 00:05:41,480 --> 00:05:43,919 Speaker 3: I'm sure you've talked about these numbers, right, I'm sure 119 00:05:44,120 --> 00:05:44,760 Speaker 3: you talked. 120 00:05:45,160 --> 00:05:47,760 Speaker 2: I was. I was in the White House last Wednesday, 121 00:05:47,760 --> 00:05:50,600 Speaker 2: and when my time to talk, I'd pulled out my chart. 122 00:05:51,040 --> 00:05:52,760 Speaker 2: He said, by the way, So, by by the way, 123 00:05:52,760 --> 00:05:54,600 Speaker 2: I don't see I've seen your last ten appearances. You're 124 00:05:54,600 --> 00:05:55,039 Speaker 2: too negative. 125 00:05:55,120 --> 00:05:58,320 Speaker 1: Run one of your charts saved the president's life. So 126 00:05:59,000 --> 00:06:03,000 Speaker 1: you're is a different chart than yes, actually actually saved 127 00:06:03,040 --> 00:06:06,120 Speaker 1: this life. Yes, so one chart saved saved the president's life. 128 00:06:06,120 --> 00:06:08,680 Speaker 1: I'm hoping this one saves America. Okay, so what so 129 00:06:08,720 --> 00:06:12,720 Speaker 1: he says, what because the argument here is that they 130 00:06:12,760 --> 00:06:16,239 Speaker 1: would like to get this bill passed by July fourth 131 00:06:16,640 --> 00:06:18,799 Speaker 1: on the Senate side, it's already passed the House side. 132 00:06:19,800 --> 00:06:22,719 Speaker 1: Where are we do you think that's likely? How does 133 00:06:22,760 --> 00:06:24,120 Speaker 1: this get reconciled? 134 00:06:24,160 --> 00:06:24,960 Speaker 2: What? How? 135 00:06:25,320 --> 00:06:27,800 Speaker 1: How does how does this Senate because it's not just you, 136 00:06:27,880 --> 00:06:30,400 Speaker 1: it's Ran Paul, it's others that have this perspective to 137 00:06:30,560 --> 00:06:33,200 Speaker 1: not a huge majority, How does this get solved? 138 00:06:33,279 --> 00:06:34,840 Speaker 2: So again, just so, he told me I was being 139 00:06:34,839 --> 00:06:37,000 Speaker 2: too negative, and I took that to heart. I have 140 00:06:37,080 --> 00:06:39,599 Speaker 2: been pretty generally a very jolly fellow. I will say 141 00:06:39,720 --> 00:06:42,320 Speaker 2: I found my face. Okay, but you gotta layout the reality. 142 00:06:42,839 --> 00:06:44,440 Speaker 2: So I had a great meeting just a couple of 143 00:06:44,440 --> 00:06:47,640 Speaker 2: hours ago with Vice President to Fance and Kevin Hassett, 144 00:06:47,640 --> 00:06:49,520 Speaker 2: and that was kind of what we arranged the White House. Okay, 145 00:06:49,600 --> 00:06:51,960 Speaker 2: let's let's get in the same page. You know, I 146 00:06:52,520 --> 00:06:55,240 Speaker 2: worked all weekend long I wrote this report myself. These 147 00:06:55,240 --> 00:06:57,120 Speaker 2: are all my own charts. I'm the account here, right, 148 00:06:58,000 --> 00:07:00,760 Speaker 2: But we're gonna let Kevin Hassen his economic team go 149 00:07:00,800 --> 00:07:03,280 Speaker 2: through these, you know, check out the numbers. I'm not 150 00:07:03,320 --> 00:07:05,440 Speaker 2: sure when we're released this, but that's the first thing 151 00:07:05,480 --> 00:07:07,400 Speaker 2: you have to You have to get on the same page. 152 00:07:07,760 --> 00:07:09,320 Speaker 2: And I tell the President of the White House is 153 00:07:09,320 --> 00:07:11,520 Speaker 2: the first step in solving any problem, so you have 154 00:07:11,560 --> 00:07:15,080 Speaker 2: to admit you have one. So again, I have been 155 00:07:15,080 --> 00:07:18,040 Speaker 2: too negative because I've been focusing on the macro problem 156 00:07:18,320 --> 00:07:21,040 Speaker 2: and I haven't been talking as positively as I should 157 00:07:21,400 --> 00:07:23,400 Speaker 2: on all the good things in the big beautiful built 158 00:07:23,520 --> 00:07:25,720 Speaker 2: because they're a lot of good thinge things. We fund 159 00:07:25,720 --> 00:07:28,600 Speaker 2: the border, we fund defense. This House did a pretty 160 00:07:28,640 --> 00:07:31,240 Speaker 2: good job of identifying about one point five trillion dollars 161 00:07:31,240 --> 00:07:34,560 Speaker 2: in spending reduction. That's that's good. We extend current taxile, 162 00:07:34,600 --> 00:07:36,760 Speaker 2: we take an automatic tax increase off the table, We 163 00:07:36,880 --> 00:07:40,200 Speaker 2: avoid default. Okay, those are all great things. My only point, 164 00:07:40,560 --> 00:07:43,040 Speaker 2: and I'm sorry I have to make it. It just 165 00:07:43,120 --> 00:07:47,080 Speaker 2: isn't enough. Okay. So what I've been asking for always 166 00:07:47,160 --> 00:07:49,680 Speaker 2: is a commitment to a to return to a reasonable 167 00:07:49,680 --> 00:07:53,800 Speaker 2: pre pandemic level spending and a process to achieve and 168 00:07:53,840 --> 00:07:56,880 Speaker 2: maintain it. And now I'm throwing into the method because 169 00:07:58,520 --> 00:08:01,640 Speaker 2: one and done won't work. I mean, this is great 170 00:08:01,680 --> 00:08:04,000 Speaker 2: progress that we'd be making with one big, beautiful bill. 171 00:08:04,120 --> 00:08:06,920 Speaker 2: I don't deny that, but it doesn't solve the problem. 172 00:08:07,000 --> 00:08:11,240 Speaker 2: So I'm looking for a forcing mechanism so we come 173 00:08:11,280 --> 00:08:14,360 Speaker 2: back in this Congress, not wait, tell winning an election. 174 00:08:14,560 --> 00:08:17,000 Speaker 3: You're telling me this is politically realistic, because that's the 175 00:08:17,240 --> 00:08:19,000 Speaker 3: next The next question is because because this is what's 176 00:08:19,040 --> 00:08:21,080 Speaker 3: being said. And you know, Stephen Miller is a very 177 00:08:21,120 --> 00:08:23,360 Speaker 3: smart guy in this White House. He's been out there 178 00:08:23,480 --> 00:08:29,040 Speaker 3: making the case that the objections to this are more 179 00:08:29,280 --> 00:08:34,839 Speaker 3: about people making a philosophical argument than operating within the 180 00:08:34,880 --> 00:08:37,040 Speaker 3: reality of what is possible, and that if you don't 181 00:08:37,040 --> 00:08:39,160 Speaker 3: do it this way, you're going to have to work 182 00:08:39,200 --> 00:08:41,760 Speaker 3: with Democrats down the line who don't want to work 183 00:08:41,800 --> 00:08:42,080 Speaker 3: with you. 184 00:08:42,280 --> 00:08:45,160 Speaker 2: So can you address that again, we can use another 185 00:08:45,240 --> 00:08:49,640 Speaker 2: reconciliation process using the fiscal twenty twenty six budget. I 186 00:08:49,679 --> 00:08:53,720 Speaker 2: have gotten just basically positive feedback from President Trump's art 187 00:08:53,760 --> 00:08:58,040 Speaker 2: and supporters and also my supporters again Republicans. We realize 188 00:08:58,080 --> 00:09:00,600 Speaker 2: we have a massive dat DEFROBM other said, Republicans who 189 00:09:00,600 --> 00:09:02,200 Speaker 2: won't go along with what you want to do here 190 00:09:02,440 --> 00:09:05,280 Speaker 2: is that? I mean, where's the problem. So it seems 191 00:09:05,320 --> 00:09:07,760 Speaker 2: so logical to us. I would say, part of it 192 00:09:07,800 --> 00:09:10,840 Speaker 2: is marketing. Okay, the House was all folks on getting 193 00:09:10,880 --> 00:09:13,720 Speaker 2: this thing done, and you know, they pulled literally they 194 00:09:13,800 --> 00:09:15,680 Speaker 2: pulled one point five trillion dollars out of the air. 195 00:09:15,800 --> 00:09:18,880 Speaker 2: It really wasn't in context. You know. When I saw that, 196 00:09:18,920 --> 00:09:21,400 Speaker 2: I said, you guys have set the bar way too low. Okay, 197 00:09:21,440 --> 00:09:24,719 Speaker 2: we need trillions of dollars in long term to get 198 00:09:24,720 --> 00:09:27,600 Speaker 2: this thing done. But then they assigned more than half 199 00:09:27,679 --> 00:09:30,520 Speaker 2: of that to E n C the committee. All they 200 00:09:30,520 --> 00:09:32,880 Speaker 2: can do is Medicaid. So they just opened themselves up. 201 00:09:33,080 --> 00:09:36,440 Speaker 2: You're gonna slash Medicaid. And you did make the case. 202 00:09:36,679 --> 00:09:39,000 Speaker 2: You realize that what we're trying to do is fix 203 00:09:39,440 --> 00:09:42,920 Speaker 2: the Obamacare portion of Medicaid called Medicaid expansion, that pays 204 00:09:44,000 --> 00:09:46,960 Speaker 2: when a state puts a buck in for a single 205 00:09:47,200 --> 00:09:51,880 Speaker 2: childless you know, working age able bodied adult, the fetal 206 00:09:51,880 --> 00:09:55,440 Speaker 2: government puts in nine bucks versus a dollar state puts 207 00:09:55,440 --> 00:09:57,880 Speaker 2: in for a disabled child. Fetal government kicks in a 208 00:09:57,880 --> 00:10:01,480 Speaker 2: dollar thirty three. That has led to all kinds of distortions. 209 00:10:01,480 --> 00:10:03,520 Speaker 2: There's a great artic on the Wall Street Journal. A 210 00:10:03,679 --> 00:10:07,000 Speaker 2: father of a seventeen year old artistic child can't get 211 00:10:07,040 --> 00:10:09,679 Speaker 2: home care for ten years because he's being crowded out 212 00:10:09,720 --> 00:10:13,200 Speaker 2: by single adults that should be worked on in welfare 213 00:10:13,240 --> 00:10:15,960 Speaker 2: for a Medicaid, just the big giant. And so you 214 00:10:16,040 --> 00:10:19,199 Speaker 2: literally are putting at risk the benefits for the people 215 00:10:19,200 --> 00:10:22,040 Speaker 2: that we want to help, both in Medicare and in Medicaid. 216 00:10:22,040 --> 00:10:24,200 Speaker 2: So you've got to root out these things. But you 217 00:10:24,280 --> 00:10:25,960 Speaker 2: have to make the case, and you can't make it 218 00:10:26,000 --> 00:10:29,040 Speaker 2: in five months. So the game plan here, so as 219 00:10:29,120 --> 00:10:30,800 Speaker 2: Ice time and Vice President is okay, it's going to 220 00:10:30,840 --> 00:10:35,079 Speaker 2: take time. I propose a budget review panel, hire forensic auditors, 221 00:10:35,120 --> 00:10:38,000 Speaker 2: take the DOGE team, transfer them over this process a 222 00:10:38,080 --> 00:10:42,200 Speaker 2: House of Senate, a White House effort to forensically audit 223 00:10:42,400 --> 00:10:45,880 Speaker 2: every all more than two thousand lines of federal budget, 224 00:10:46,080 --> 00:10:48,360 Speaker 2: more than twenty six hundred federal programs. So we've never 225 00:10:48,360 --> 00:10:50,920 Speaker 2: done it. We've never done it. And even this process, 226 00:10:50,920 --> 00:10:54,320 Speaker 2: you'll notice they've exempted most spending, most programs. They focused 227 00:10:54,320 --> 00:10:57,559 Speaker 2: on a couple. They get slaughtered in the public opinion 228 00:10:57,600 --> 00:11:00,760 Speaker 2: because Democrats, it's easy pickings for them because they have 229 00:11:00,800 --> 00:11:03,319 Speaker 2: the press behind them. I mentioned on the Sunning shows, 230 00:11:03,320 --> 00:11:06,560 Speaker 2: it's so easy to be a Democrat. You spend your mortgage, 231 00:11:06,640 --> 00:11:10,000 Speaker 2: kids future, you never be held accountable by the media. 232 00:11:10,480 --> 00:11:12,760 Speaker 2: It's hard doing we're trying to do. The good news 233 00:11:12,760 --> 00:11:15,680 Speaker 2: for your listeners is that we're all pretty much on 234 00:11:15,679 --> 00:11:18,000 Speaker 2: the same page. We want to fix this problem. We 235 00:11:18,120 --> 00:11:20,559 Speaker 2: just are dealing with something that's very difficult to do. 236 00:11:20,679 --> 00:11:24,560 Speaker 1: What's timing look like and how significant is timing from 237 00:11:24,600 --> 00:11:26,760 Speaker 1: your perspective? Because the White House has said they'd like 238 00:11:26,800 --> 00:11:28,840 Speaker 1: to have this done in the Senate by July fourth, 239 00:11:28,920 --> 00:11:31,960 Speaker 1: we know that we don't have a very big majority 240 00:11:32,040 --> 00:11:34,160 Speaker 1: in the House, so Mike Johnson, Speaker is going to 241 00:11:34,240 --> 00:11:37,840 Speaker 1: have to go back and work through whatever conciliating bill 242 00:11:37,960 --> 00:11:40,520 Speaker 1: is going to come out. What to you does this 243 00:11:40,600 --> 00:11:41,480 Speaker 1: timeframe look like? 244 00:11:41,600 --> 00:11:44,240 Speaker 2: Well, I think most people thought the House run of 245 00:11:44,320 --> 00:11:46,559 Speaker 2: the House passed the Centate would water down. I think 246 00:11:46,640 --> 00:11:48,880 Speaker 2: the absence is true. I think we're going to make 247 00:11:48,880 --> 00:11:50,640 Speaker 2: it more conservative. I think we're going to be doing 248 00:11:50,640 --> 00:11:54,000 Speaker 2: even more reductions in terms of spending. And again, I've 249 00:11:54,000 --> 00:11:56,440 Speaker 2: got colleagues that are demanding it so and there's some 250 00:11:56,480 --> 00:11:57,520 Speaker 2: people who agree with you. 251 00:11:57,600 --> 00:12:00,600 Speaker 1: Chip Roy, for instance, a friend of our on the 252 00:12:00,600 --> 00:12:03,000 Speaker 1: House side, wants way more spending, right. I mean this 253 00:12:03,120 --> 00:12:04,960 Speaker 1: was an issue for Mike spending cuts. 254 00:12:05,040 --> 00:12:07,040 Speaker 2: Yeah, I mean, I mean they've voted for it because 255 00:12:07,040 --> 00:12:09,600 Speaker 2: they kicked can over the House or the Center, hoping 256 00:12:09,600 --> 00:12:10,840 Speaker 2: we'd make it more conservative. 257 00:12:10,880 --> 00:12:13,000 Speaker 3: So this part that you talk about the marketing, I'm 258 00:12:13,000 --> 00:12:14,560 Speaker 3: just gonna say this. You know, we've had Senator Ran 259 00:12:14,640 --> 00:12:16,320 Speaker 3: Paul on the show. We've talked to him, we've heard 260 00:12:16,360 --> 00:12:18,199 Speaker 3: about on this and so many issues, and a lot 261 00:12:18,200 --> 00:12:20,560 Speaker 3: of the time I just think he's making great arguments. 262 00:12:21,000 --> 00:12:23,719 Speaker 3: But in this moment, to talk about how there's too 263 00:12:23,760 --> 00:12:26,599 Speaker 3: much money going to the border after ten million illegals 264 00:12:27,120 --> 00:12:31,440 Speaker 3: came in under the Obama i mean administration, and to 265 00:12:31,480 --> 00:12:33,760 Speaker 3: say that that's where we're gonna we're gonna start to 266 00:12:33,760 --> 00:12:37,160 Speaker 3: make the savings happen in a meaningful way, even if 267 00:12:37,240 --> 00:12:39,319 Speaker 3: numerically you could start to make I just think it's 268 00:12:39,440 --> 00:12:42,480 Speaker 3: malpractice because people and this is about saving the country, 269 00:12:42,760 --> 00:12:44,800 Speaker 3: and you know, just to save money when you're trying 270 00:12:44,800 --> 00:12:47,880 Speaker 3: to save the country. I think people view the urgency 271 00:12:48,040 --> 00:12:52,120 Speaker 3: of the border and the illegal immigration issue as you know, 272 00:12:52,160 --> 00:12:54,400 Speaker 3: the policy equivalent of a war, meaning if we don't 273 00:12:54,400 --> 00:12:56,680 Speaker 3: do this thing right, we don't have the same America 274 00:12:56,720 --> 00:12:57,400 Speaker 3: going forward. 275 00:12:57,559 --> 00:12:59,440 Speaker 2: Well, I'm a really frugal guy, and I don't mind 276 00:12:59,480 --> 00:13:02,920 Speaker 2: sharpening my pencil on any spending he has chaffering, homemand security. 277 00:13:03,080 --> 00:13:05,880 Speaker 2: He should be doing oversight on this. Again, in the 278 00:13:05,920 --> 00:13:09,240 Speaker 2: first administration, we've spent six point six billion dollars to 279 00:13:10,200 --> 00:13:12,720 Speaker 2: build four and fifty four and fifty miles a wall. 280 00:13:12,920 --> 00:13:15,640 Speaker 2: Now they're asking forty six and a half million a 281 00:13:15,679 --> 00:13:18,000 Speaker 2: billion just for the wall that's gonna. 282 00:13:17,880 --> 00:13:19,719 Speaker 3: Well, we didn't have enough money to finish the wall though, 283 00:13:19,760 --> 00:13:21,000 Speaker 3: I remember that was a problem. 284 00:13:21,040 --> 00:13:23,600 Speaker 2: But there's not there's not three thousand and four thousand 285 00:13:23,640 --> 00:13:25,480 Speaker 2: miles to have to be built. So again I think 286 00:13:26,120 --> 00:13:28,640 Speaker 2: he's got a wall guy here. He's asking the questions, 287 00:13:28,640 --> 00:13:30,880 Speaker 2: Can you stay with us a little bit absolutly because 288 00:13:30,880 --> 00:13:33,240 Speaker 2: there's some more question but quickly as and then Buck's 289 00:13:33,280 --> 00:13:35,920 Speaker 2: got to do a read here time frame July fourth, 290 00:13:36,000 --> 00:13:39,320 Speaker 2: any chance in your advice, I think that's I think 291 00:13:39,360 --> 00:13:41,760 Speaker 2: that's ambitious. I think I really think in the Senate 292 00:13:41,800 --> 00:13:45,120 Speaker 2: we're looking more before August recess, before AUGUSTA and it 293 00:13:45,160 --> 00:13:47,280 Speaker 2: has to be done before August recess. Well the time 294 00:13:47,880 --> 00:13:50,000 Speaker 2: just you know, descion is going to expire sometime mid 295 00:13:50,080 --> 00:13:52,440 Speaker 2: August to late September. So that's part of the pressure. 296 00:13:52,559 --> 00:13:54,599 Speaker 2: I mean, that's part what they do. One of the 297 00:13:54,600 --> 00:13:56,680 Speaker 2: reasons they bunded this all up is, yeah, I don't 298 00:13:56,679 --> 00:13:58,800 Speaker 2: want to see taxes increase. I don't want a default 299 00:13:58,840 --> 00:14:01,160 Speaker 2: on the death so it just puts. So I've been 300 00:14:01,280 --> 00:14:03,880 Speaker 2: very upfront. I nobody should be surprised. I wrote my 301 00:14:03,880 --> 00:14:07,560 Speaker 2: first column on a reasonable pre pandemic level spending an 302 00:14:07,559 --> 00:14:09,800 Speaker 2: options to do it in the Wall Street Journal on 303 00:14:09,880 --> 00:14:12,839 Speaker 2: January first. So again I've been I've been beating this 304 00:14:12,920 --> 00:14:13,600 Speaker 2: drum for a while. 305 00:14:13,720 --> 00:14:16,040 Speaker 3: Ron Johnson in the hot seat. He doesn't like it hot. 306 00:14:16,040 --> 00:14:20,320 Speaker 3: He prefers it cold. He's from Wisconsin. But we'll keep going. Look, 307 00:14:20,800 --> 00:14:22,000 Speaker 3: we're not dealing with this debt. 308 00:14:22,120 --> 00:14:22,520 Speaker 2: You know it. 309 00:14:22,600 --> 00:14:25,360 Speaker 3: I know it, which means that there's those long term 310 00:14:25,880 --> 00:14:30,680 Speaker 3: issues of governance and issues with the dollar, and owning 311 00:14:30,680 --> 00:14:33,080 Speaker 3: gold is just one way to prepare for that uncertain future. 312 00:14:33,120 --> 00:14:35,880 Speaker 3: I've been a gold guy for over a decade. My 313 00:14:35,960 --> 00:14:37,920 Speaker 3: dad gave me my first gold coin when I was 314 00:14:37,920 --> 00:14:39,960 Speaker 3: in my twenties. He said, you know what, He's a 315 00:14:39,960 --> 00:14:42,040 Speaker 3: big gold believer, and I've been a big gold believer 316 00:14:42,120 --> 00:14:44,920 Speaker 3: ever since I've been building up my gold reserves, and man, 317 00:14:44,960 --> 00:14:47,280 Speaker 3: the price of gold has seen great appreciation in just 318 00:14:47,320 --> 00:14:50,240 Speaker 3: the past year, up forty percent. I'm also a big 319 00:14:50,320 --> 00:14:52,680 Speaker 3: history guy. Clay likes referred to us as history nerds. 320 00:14:53,080 --> 00:14:54,880 Speaker 3: What has there ever been a time when there's been 321 00:14:54,880 --> 00:14:56,680 Speaker 3: a civilization of society? They said, you know what, you 322 00:14:56,680 --> 00:15:00,360 Speaker 3: know what, I don't need gold, no value in that. Yeah, 323 00:15:00,400 --> 00:15:02,240 Speaker 3: there's a reason for this, all right, And that's why 324 00:15:02,280 --> 00:15:04,520 Speaker 3: I think you should call the Birch Gold group. 325 00:15:04,760 --> 00:15:05,640 Speaker 2: That's who I use. 326 00:15:05,920 --> 00:15:07,920 Speaker 3: Trump administration is doing a lot to try to write 327 00:15:07,920 --> 00:15:09,360 Speaker 3: the ship, but they're not going to able to do 328 00:15:09,400 --> 00:15:11,120 Speaker 3: at all. And there's a lot more that we have 329 00:15:11,200 --> 00:15:12,880 Speaker 3: to look at in the future in terms of the 330 00:15:12,920 --> 00:15:16,560 Speaker 3: spending gold makes sense. And by the way, you can 331 00:15:16,600 --> 00:15:18,920 Speaker 3: invest in gold or you could just have part of 332 00:15:18,960 --> 00:15:21,960 Speaker 3: your savings in a gold ira or four oh one 333 00:15:22,040 --> 00:15:24,840 Speaker 3: k very solid moves. One of the best ways to 334 00:15:24,840 --> 00:15:27,720 Speaker 3: protect your savings out there and to diversify. With Birch 335 00:15:27,880 --> 00:15:31,000 Speaker 3: Gold's help, text my name Buck to ninety eight ninety 336 00:15:31,040 --> 00:15:33,240 Speaker 3: eight ninety eight. I just bought some more gold myself 337 00:15:33,560 --> 00:15:36,840 Speaker 3: bars and coins about two months ago. Text Buck to 338 00:15:37,000 --> 00:15:39,120 Speaker 3: ninety eight ninety eight ninety eight. Birch Gold will send 339 00:15:39,160 --> 00:15:42,720 Speaker 3: you a free infoKit on gold. No obligation, just useful information. 340 00:15:42,800 --> 00:15:45,200 Speaker 3: Again text my name Buck to ninety eight ninety eight 341 00:15:45,280 --> 00:15:48,600 Speaker 3: ninety eight, or go to this website Birch goold dot 342 00:15:48,640 --> 00:16:00,640 Speaker 3: com slash buck Well right here in DC to Capitol Hill, 343 00:16:00,680 --> 00:16:04,640 Speaker 3: close to the White House with Senator Ron Johnson in studio. Senator, 344 00:16:04,680 --> 00:16:06,280 Speaker 3: we'll billo got about a minute and a change here 345 00:16:06,280 --> 00:16:07,880 Speaker 3: before we get into the next break, and then we'll 346 00:16:07,920 --> 00:16:10,000 Speaker 3: keep you through to talk more about this topic. But 347 00:16:10,480 --> 00:16:14,160 Speaker 3: your reaction as somebody who in your own home state, 348 00:16:14,200 --> 00:16:17,160 Speaker 3: of course, what happened in Kenosha. Some of those visuals 349 00:16:17,160 --> 00:16:19,440 Speaker 3: and images I think reminds people of some of the 350 00:16:19,520 --> 00:16:22,360 Speaker 3: rioting we're seeing in Los Angeles. What do you think 351 00:16:22,400 --> 00:16:24,080 Speaker 3: about how the President's handled this so far? And what 352 00:16:24,120 --> 00:16:26,160 Speaker 3: are the American people seeing in southern California? 353 00:16:26,840 --> 00:16:30,160 Speaker 2: Was it Yogi Berra said, it's deja vous all over again. Yes, 354 00:16:31,360 --> 00:16:35,120 Speaker 2: this is exactly what Democrat governance did in Wisconsin. He 355 00:16:35,160 --> 00:16:38,200 Speaker 2: had Governor Evers. President Trump offered him the National Guard. 356 00:16:38,480 --> 00:16:41,240 Speaker 2: He refused it allowed Kenosha to burn for a couple 357 00:16:41,200 --> 00:16:43,360 Speaker 2: of days. A couple of people got killed as a result. 358 00:16:44,440 --> 00:16:46,720 Speaker 2: Now they're doing the same thing here. Governor Evers actually 359 00:16:46,720 --> 00:16:52,000 Speaker 2: signed a letter with the other Democrat governors supporting you know, 360 00:16:52,120 --> 00:16:55,240 Speaker 2: Newsom and saying that Trump's making the wrong decision. Not 361 00:16:55,360 --> 00:16:58,640 Speaker 2: Trump is making the absolute right decision. What we found 362 00:16:58,640 --> 00:17:01,040 Speaker 2: out in Kenosha's once you had the man part of 363 00:17:01,080 --> 00:17:03,840 Speaker 2: the National Guard, the violence ended. And that's the whole point. 364 00:17:04,160 --> 00:17:08,080 Speaker 2: And what's even more unconscionable about this is the Democrats 365 00:17:08,160 --> 00:17:12,080 Speaker 2: are refusing to protect law enforcement. I mean, these guys 366 00:17:12,160 --> 00:17:14,520 Speaker 2: put their life on the you know, on the line. 367 00:17:14,840 --> 00:17:17,160 Speaker 2: They're willing to serve and sacrifice. And you've got Democrat 368 00:17:17,160 --> 00:17:21,239 Speaker 2: politicians who are inciting the protests and the violence. And 369 00:17:21,280 --> 00:17:22,920 Speaker 2: what I what I want to do is I want 370 00:17:22,920 --> 00:17:25,399 Speaker 2: to I want to thorough investigation. I hope Cash and 371 00:17:25,440 --> 00:17:28,359 Speaker 2: I hope Pam BONDI are on this. Who is financing this? 372 00:17:28,800 --> 00:17:31,320 Speaker 2: This is their playbook, This is their playbook from summer 373 00:17:31,359 --> 00:17:34,160 Speaker 2: of twenty twenty. They're just implementing it a lot sooner 374 00:17:34,160 --> 00:17:37,280 Speaker 2: in this Trump administration. Again, this isn't springing up just 375 00:17:37,359 --> 00:17:39,320 Speaker 2: by accident. Well, we'll get into this a little bit 376 00:17:39,320 --> 00:17:40,760 Speaker 2: more here coming up in a second. I also want 377 00:17:40,800 --> 00:17:42,280 Speaker 2: to take some of your calls eight hundred. 378 00:17:42,000 --> 00:17:43,720 Speaker 3: Two A two two eight A two and if you 379 00:17:43,760 --> 00:17:45,520 Speaker 3: get us a quick talk back, maybe we can even 380 00:17:45,520 --> 00:17:47,359 Speaker 3: play it for Senator Johnson on the air. You can 381 00:17:47,400 --> 00:17:51,480 Speaker 3: get a question into the Senator yourself. You know, I 382 00:17:51,520 --> 00:17:53,439 Speaker 3: know that Father's Day is coming up soon. Moms and 383 00:17:53,520 --> 00:17:56,240 Speaker 3: dads have the same instincts that Kerry and I have, 384 00:17:56,359 --> 00:17:58,919 Speaker 3: which is protecting your children at any cost, and you know, 385 00:17:59,040 --> 00:18:01,360 Speaker 3: especially on your own roof, it is up to you 386 00:18:01,800 --> 00:18:03,760 Speaker 3: to do that right. I want you to consider products 387 00:18:03,760 --> 00:18:06,840 Speaker 3: from Saber, the number one pepper spray brand trusted by 388 00:18:06,880 --> 00:18:10,080 Speaker 3: law enforcement. Saber is spelled s A b r E 389 00:18:10,560 --> 00:18:13,840 Speaker 3: and their website is Saber radio dot com. That's s 390 00:18:13,880 --> 00:18:16,440 Speaker 3: A b r E Saber Radio dot com. Clay's wife, 391 00:18:16,520 --> 00:18:19,199 Speaker 3: my wife. They both like having non lethal options to 392 00:18:19,200 --> 00:18:22,000 Speaker 3: defend themselves at home and when they're out and about. 393 00:18:22,240 --> 00:18:23,280 Speaker 2: That includes, of course the. 394 00:18:23,200 --> 00:18:25,760 Speaker 3: Pepper sprays and peppergels from Saber, but also the pepper 395 00:18:25,800 --> 00:18:29,320 Speaker 3: projectile launcher. It's a shaped like a pistol a rifle, 396 00:18:29,440 --> 00:18:33,560 Speaker 3: and it sends out a pepper projectal that goes much 397 00:18:33,560 --> 00:18:36,280 Speaker 3: longer than you think and stops the threat. Clinn, I 398 00:18:36,359 --> 00:18:38,600 Speaker 3: have tried this thing out. It's incredible. Saber has the 399 00:18:38,720 --> 00:18:41,959 Speaker 3: best in class. Go to Saber Radio dot com, Saber 400 00:18:42,119 --> 00:18:44,280 Speaker 3: s A B R E Radio dot com or call 401 00:18:44,440 --> 00:18:47,560 Speaker 3: eight four four eight two four safe. 402 00:18:54,800 --> 00:18:55,359 Speaker 2: Hey Buck. 403 00:18:55,480 --> 00:18:57,000 Speaker 1: One of my kids called me an unk the other 404 00:18:57,080 --> 00:19:00,520 Speaker 1: day and unk yep slanging evidently for now being hit 405 00:19:00,600 --> 00:19:01,520 Speaker 1: being an old dude. 406 00:19:01,600 --> 00:19:03,360 Speaker 2: So how do we ununk? 407 00:19:03,400 --> 00:19:06,840 Speaker 1: You get more people to subscribe to our YouTube channel. 408 00:19:06,880 --> 00:19:08,280 Speaker 1: At least that's what my kids tell me. 409 00:19:08,560 --> 00:19:10,880 Speaker 3: That's simple enough. Just search the Klay, Travis and Buck 410 00:19:10,920 --> 00:19:13,000 Speaker 3: Sexton Show and hit the subscribe button. 411 00:19:13,240 --> 00:19:16,080 Speaker 1: Takes less than five seconds to help ununk me. 412 00:19:16,359 --> 00:19:18,360 Speaker 3: Do it for Clay, do it for freedom, and get 413 00:19:18,400 --> 00:19:20,720 Speaker 3: great content while you're there the Klay, Travis and Buck 414 00:19:20,760 --> 00:19:22,439 Speaker 3: Sexton Show YouTube channel. 415 00:19:22,640 --> 00:19:25,080 Speaker 2: We've got Senator Ron Johnson in here. We love having 416 00:19:25,160 --> 00:19:25,480 Speaker 2: him on. 417 00:19:26,400 --> 00:19:29,280 Speaker 1: I just want to ask you this question because there's 418 00:19:29,359 --> 00:19:32,159 Speaker 1: no Democrats who have any basic business knowledge. I mean, 419 00:19:32,200 --> 00:19:34,679 Speaker 1: it's unfortunate it used to not be that way, But 420 00:19:34,920 --> 00:19:37,720 Speaker 1: when you've got people like AOC running around shutting down 421 00:19:37,760 --> 00:19:41,080 Speaker 1: back in the day, the Amazon headquarters not understanding how 422 00:19:41,119 --> 00:19:44,840 Speaker 1: tax credits work, and it's really economic literacy on many 423 00:19:44,920 --> 00:19:50,520 Speaker 1: different levels when you dive into the budget particulars. How 424 00:19:50,560 --> 00:19:55,480 Speaker 1: many it could be Democrats Republicans, How conversant do you 425 00:19:55,680 --> 00:19:59,960 Speaker 1: think in detail the average United States Senator and con 426 00:20:00,359 --> 00:20:04,600 Speaker 1: person is in understanding how the US budget works and 427 00:20:04,640 --> 00:20:07,160 Speaker 1: where the money goes. I mean, did you expect to 428 00:20:07,200 --> 00:20:10,480 Speaker 1: find way more knowledge before you got into politics, Because 429 00:20:10,480 --> 00:20:12,639 Speaker 1: I'll be honest, before Buck and I started doing this show, 430 00:20:13,119 --> 00:20:16,040 Speaker 1: I had a lot more faith in the knowledge of 431 00:20:16,119 --> 00:20:18,000 Speaker 1: the average politician than I do too. 432 00:20:18,080 --> 00:20:20,080 Speaker 2: I had to tell play there was no So I 433 00:20:20,080 --> 00:20:22,159 Speaker 2: think there's a lot of knowledge in that narrow areas 434 00:20:22,160 --> 00:20:24,199 Speaker 2: that they focus on. You know, if your appropriations, if 435 00:20:24,200 --> 00:20:27,800 Speaker 2: you're chairman of appropriation subcommittee, you know that subcommittee function 436 00:20:27,880 --> 00:20:30,240 Speaker 2: pretty well. I'll tell you story about three years ago. 437 00:20:30,320 --> 00:20:32,639 Speaker 2: This is in the pandemic, and you know we're sent 438 00:20:32,760 --> 00:20:36,280 Speaker 2: spending these massive amountse and McConnell's doing some icky, omimous 439 00:20:36,320 --> 00:20:40,440 Speaker 2: deal with the Schumer. All of a sudden, we're for earmarks. Republicans. 440 00:20:40,440 --> 00:20:42,200 Speaker 2: We've got a res you know, that's part of our 441 00:20:42,480 --> 00:20:44,639 Speaker 2: conference resolution. We're not going to accept your marks. All 442 00:20:44,640 --> 00:20:46,439 Speaker 2: of a sudden, we were so I got up, got 443 00:20:46,520 --> 00:20:48,639 Speaker 2: up in front of my Republican coy, said, hey, anybody 444 00:20:48,720 --> 00:20:53,400 Speaker 2: know how much we spent last year? Dead silence. Nobody knew. 445 00:20:53,720 --> 00:20:55,560 Speaker 2: That's crazy because we never talked about it. We're the 446 00:20:55,680 --> 00:20:58,280 Speaker 2: largest financial andy in the world. All we appropriate is 447 00:20:58,280 --> 00:21:00,200 Speaker 2: about twenty five percent of the budget, about one point 448 00:21:00,240 --> 00:21:02,600 Speaker 2: seven trillion. Now the seven trillion that we're going to spend, 449 00:21:03,119 --> 00:21:05,720 Speaker 2: so nobody knew. I went up to the washing media, 450 00:21:05,760 --> 00:21:07,600 Speaker 2: they're the washdogs, right to ask them the same questions. 451 00:21:07,680 --> 00:21:09,840 Speaker 2: It was over a trillion dollars. Now that's just the question. 452 00:21:10,119 --> 00:21:12,359 Speaker 3: Now we talk about this when the tea so I 453 00:21:12,400 --> 00:21:17,080 Speaker 3: started in media, when the Tea Party got got rolling, right, Yeah, 454 00:21:16,760 --> 00:21:19,720 Speaker 3: I'm still more tea priory Republican, and and I just 455 00:21:19,800 --> 00:21:23,680 Speaker 3: remember that there was this this whole movement, and I. 456 00:21:23,640 --> 00:21:27,680 Speaker 2: Think the I think the debt then was like nine. Yeah, 457 00:21:27,920 --> 00:21:31,240 Speaker 2: it was nine when I kind of he was fourteen trillion. Yeah. 458 00:21:31,240 --> 00:21:33,480 Speaker 3: So let's but let's say it's you know, low double digits, 459 00:21:33,520 --> 00:21:34,760 Speaker 3: trillions of dollars. 460 00:21:35,080 --> 00:21:37,680 Speaker 2: Now it's going on it's going on seven yeah. 461 00:21:38,000 --> 00:21:41,040 Speaker 4: So, and it's projected to hit about sixty in ten years. 462 00:21:41,040 --> 00:21:43,720 Speaker 4: So clearly the math, the math is a problem here. 463 00:21:44,119 --> 00:21:46,679 Speaker 4: But I I feel like one of the frustrations we 464 00:21:46,760 --> 00:21:49,640 Speaker 4: have is that we talk about this and everybody wants 465 00:21:49,680 --> 00:21:51,439 Speaker 4: to fix it, but nobody wants to do the things 466 00:21:51,880 --> 00:21:54,439 Speaker 4: in order to fix it, because you know, it's like 467 00:21:54,480 --> 00:21:56,840 Speaker 4: telling someone to go on a diet. It's more fun 468 00:21:56,840 --> 00:21:59,160 Speaker 4: to just eat chocolate cake every day and assume somebody 469 00:21:59,160 --> 00:22:01,080 Speaker 4: else is going to do the work for you. So I 470 00:22:01,080 --> 00:22:02,760 Speaker 4: don't know, I don't know how we get people to 471 00:22:02,800 --> 00:22:05,879 Speaker 4: get dialed in on this and understand that if you 472 00:22:05,920 --> 00:22:08,120 Speaker 4: just keep spending because it feels good to spend, we're 473 00:22:08,160 --> 00:22:09,320 Speaker 4: never going to fix the problem. 474 00:22:09,480 --> 00:22:12,479 Speaker 2: Well, inside the conference, I'm I'm basically the kid that 475 00:22:12,760 --> 00:22:15,399 Speaker 2: says the Emperor has no close. I mean, I just 476 00:22:15,440 --> 00:22:18,359 Speaker 2: relentlessly show them my charts to the point there, you know, 477 00:22:19,080 --> 00:22:22,960 Speaker 2: you know, ad nauseum. Do they think some impact? I 478 00:22:23,000 --> 00:22:25,360 Speaker 2: think now they all know we're spending about now. 479 00:22:25,520 --> 00:22:27,040 Speaker 3: And to the people who vote for you in Wisconsin, 480 00:22:27,080 --> 00:22:28,639 Speaker 3: do you think that they really want you to tackle 481 00:22:28,640 --> 00:22:30,399 Speaker 3: this problem or does everyone just want to say tackle 482 00:22:30,440 --> 00:22:33,119 Speaker 3: it but don't touch anything that I like that's the case. 483 00:22:33,680 --> 00:22:36,000 Speaker 2: We can't think that. I've got some really solid concerners 484 00:22:36,080 --> 00:22:38,399 Speaker 2: coming into my office and say yeah, but this is 485 00:22:38,440 --> 00:22:40,520 Speaker 2: really this isn't really spending. This is an investment. So 486 00:22:40,720 --> 00:22:44,200 Speaker 2: that's the problem. Everybody loves the free federal money, right, 487 00:22:44,680 --> 00:22:47,119 Speaker 2: they never look at their spending that you know on 488 00:22:47,160 --> 00:22:50,120 Speaker 2: their issue is the problem. It's the other guys spending okay, 489 00:22:50,520 --> 00:22:53,399 Speaker 2: And there's there's not a real constituency, there's not public 490 00:22:53,440 --> 00:22:56,280 Speaker 2: pressure to get this under control. Again, I would have 491 00:22:56,280 --> 00:22:58,560 Speaker 2: thought again, I spent out the Tea Party movement. I 492 00:22:59,000 --> 00:23:02,040 Speaker 2: literally did Parise and twenty ten, going this's a fight 493 00:23:02,080 --> 00:23:04,960 Speaker 2: for freedom. We're mortgaging our children's future. It's wrong, it's 494 00:23:04,960 --> 00:23:09,199 Speaker 2: in moral. It's gotta stop. That's my campaign pledge. But 495 00:23:09,400 --> 00:23:11,600 Speaker 2: it hasn't blown up in our face. I will say this, 496 00:23:11,680 --> 00:23:14,680 Speaker 2: though we haven't hit an acute debt crisis, we've been 497 00:23:14,720 --> 00:23:18,040 Speaker 2: living with a chronic debt crisis now for decades. It's 498 00:23:18,040 --> 00:23:20,320 Speaker 2: called the evaluation of the dollar out I laid out 499 00:23:20,359 --> 00:23:23,400 Speaker 2: these pre pandemic spending options Clinton ninety eight. A dollar 500 00:23:23,440 --> 00:23:25,720 Speaker 2: you held in nineteen ninety eight is worth fifty one cents. 501 00:23:25,720 --> 00:23:28,360 Speaker 1: That's a crazy stat I think for most people out there, 502 00:23:28,400 --> 00:23:31,320 Speaker 1: basically you've lost half the value of the dollars nineteen 503 00:23:31,359 --> 00:23:34,879 Speaker 1: eight and to a certain extent cryptocurrency, everybody kind of 504 00:23:34,920 --> 00:23:36,280 Speaker 1: feels it in that arena. 505 00:23:36,359 --> 00:23:38,960 Speaker 2: Since twenty nineteen, that dollar is now worth eighty cents. 506 00:23:39,720 --> 00:23:42,200 Speaker 2: So again that's that's permanent damage being done. That's the 507 00:23:42,560 --> 00:23:46,119 Speaker 2: silent tax of inflation. That's how we are managing this 508 00:23:46,240 --> 00:23:47,840 Speaker 2: right now, why it hasn't blown up in our face. 509 00:23:47,840 --> 00:23:50,720 Speaker 2: But again, I would consider that a chronic debt crisis 510 00:23:50,720 --> 00:23:52,560 Speaker 2: where we're trying to avoid it is a cute one 511 00:23:53,000 --> 00:23:54,960 Speaker 2: where all of a sudden you have failure of bond 512 00:23:55,000 --> 00:23:57,240 Speaker 2: auctions and we can't borrow money. And now, all of 513 00:23:57,240 --> 00:24:00,840 Speaker 2: a sudden, over the next ten years, we're going to 514 00:24:01,000 --> 00:24:04,959 Speaker 2: spend fourteen trillion dollars on interest. The eighty nine trillion 515 00:24:05,000 --> 00:24:07,359 Speaker 2: will spend fourteen design interest. 516 00:24:07,640 --> 00:24:09,840 Speaker 1: I would submit that a lot of people are feeling 517 00:24:09,880 --> 00:24:13,200 Speaker 1: it because mortgage rates have just not come back down. 518 00:24:13,400 --> 00:24:15,520 Speaker 1: Right If you're out there listening to us right now, 519 00:24:16,000 --> 00:24:18,840 Speaker 1: thirty year mortgage rates around seven percent. If you were 520 00:24:18,840 --> 00:24:20,640 Speaker 1: fortunate enough to lock in at two and a half 521 00:24:20,760 --> 00:24:23,720 Speaker 1: or three, you're never moving for the rest of your life. 522 00:24:23,840 --> 00:24:25,399 Speaker 1: I mean, there's a lot of people out there that 523 00:24:25,480 --> 00:24:29,160 Speaker 1: are just and it's completely flumox the housing market because 524 00:24:29,200 --> 00:24:32,159 Speaker 1: people should be moving. They have new kids, they got 525 00:24:32,200 --> 00:24:34,800 Speaker 1: bigger families, or their kids are going off to college, 526 00:24:34,920 --> 00:24:37,480 Speaker 1: leaving the house, and they're not going to sell because 527 00:24:37,480 --> 00:24:38,720 Speaker 1: you got a two and a half or eight, or 528 00:24:38,760 --> 00:24:41,080 Speaker 1: you got a three, as opposed to guys and gals 529 00:24:41,119 --> 00:24:43,680 Speaker 1: out there right now getting married, they're looking around seven 530 00:24:43,760 --> 00:24:47,480 Speaker 1: percent interest is historically may not be high, but compared 531 00:24:47,520 --> 00:24:49,000 Speaker 1: to the two and a half and how quickly it 532 00:24:49,040 --> 00:24:50,679 Speaker 1: went up, I don't know that we've ever seen anything 533 00:24:50,720 --> 00:24:50,919 Speaker 1: like it. 534 00:24:51,000 --> 00:24:53,480 Speaker 2: Again, that's part of the chronic debt crisis. Yeah, okay, 535 00:24:53,480 --> 00:24:55,639 Speaker 2: that's right right right now. According to CBO, we'll be 536 00:24:55,720 --> 00:24:58,040 Speaker 2: paying about three point four percent interest on our debt 537 00:24:58,040 --> 00:25:00,399 Speaker 2: over the next ten years, but the average fifty year 538 00:25:00,440 --> 00:25:03,720 Speaker 2: average for the industruate we pay in debt is over 539 00:25:03,800 --> 00:25:07,520 Speaker 2: five percent. So if you start every percent, do you increase, 540 00:25:07,840 --> 00:25:10,439 Speaker 2: that adds you know, three hundred and seventy billion dollars 541 00:25:10,440 --> 00:25:12,960 Speaker 2: to a debt this year. Yeah, okay, so that's a 542 00:25:12,960 --> 00:25:15,719 Speaker 2: massive amount. It's crowding out other spending. And again, if 543 00:25:15,720 --> 00:25:18,040 Speaker 2: you hit a dead crisis, where now creditors just say 544 00:25:18,040 --> 00:25:19,600 Speaker 2: we're not gonna loan your money even at a high 545 00:25:19,640 --> 00:25:23,119 Speaker 2: interest rate. You're gonna spend. You're gonna have to service 546 00:25:23,160 --> 00:25:25,520 Speaker 2: that debt. We're gonna have to roll over nine trillion 547 00:25:25,560 --> 00:25:27,600 Speaker 2: dollars over national debt this year, nine trillion of the 548 00:25:27,600 --> 00:25:30,520 Speaker 2: thirty seven trillion. We've got a refinanced center. You're bumming 549 00:25:30,520 --> 00:25:34,200 Speaker 2: me out a little bit. Oh no, I'm not. I'm 550 00:25:34,200 --> 00:25:37,560 Speaker 2: not the most. I'm not the most. I will sayative. 551 00:25:37,600 --> 00:25:39,920 Speaker 1: Let me say this, if you're not able to see 552 00:25:39,960 --> 00:25:43,919 Speaker 1: him on video, you do have a sort of a 553 00:25:43,920 --> 00:25:49,240 Speaker 1: happy warrior uh visage face wise, because otherwise I think 554 00:25:49,280 --> 00:25:52,639 Speaker 1: you probably would be so dour that everybody's been. 555 00:25:52,600 --> 00:25:53,200 Speaker 2: With his charts. 556 00:25:53,200 --> 00:25:55,920 Speaker 3: He's a little captain wampwomp right now. So let's just take 557 00:25:55,960 --> 00:25:56,840 Speaker 3: a moment here. 558 00:25:56,840 --> 00:25:58,240 Speaker 2: By the right. That's what That's why I agree with 559 00:25:58,240 --> 00:26:00,560 Speaker 2: pressing Trump when he said, you're right, you're so negative. Yeah, 560 00:26:00,680 --> 00:26:02,879 Speaker 2: I know, I'm sorry. I'm sorry trum trying to make 561 00:26:03,040 --> 00:26:05,880 Speaker 2: people like Ron. You're womp womping all over the place. Ron, 562 00:26:05,960 --> 00:26:06,879 Speaker 2: You're making me sad. 563 00:26:07,240 --> 00:26:11,399 Speaker 3: But what about AI growth and the brilliance of the 564 00:26:11,440 --> 00:26:15,000 Speaker 3: American economy starting to at least on its own basically 565 00:26:16,240 --> 00:26:18,399 Speaker 3: not entirely grow a out of this because the numbers 566 00:26:18,440 --> 00:26:20,919 Speaker 3: don't support that. But at least make it more sustainable 567 00:26:20,960 --> 00:26:23,560 Speaker 3: longer term. Do you you know is technology going to 568 00:26:23,640 --> 00:26:24,840 Speaker 3: save us? Senator Johnson? 569 00:26:24,920 --> 00:26:27,400 Speaker 2: So I think possibly. You know, there's a great story. 570 00:26:27,480 --> 00:26:30,119 Speaker 2: Milton Freedom was in China and they were building this 571 00:26:30,160 --> 00:26:33,199 Speaker 2: big canal and everybody had shovels, and they said, what 572 00:26:33,200 --> 00:26:35,879 Speaker 2: why aren't she using like equipment? Said, well, it's the 573 00:26:35,960 --> 00:26:38,959 Speaker 2: jobs program. At what point Milton Freedom said, well, why 574 00:26:38,960 --> 00:26:43,239 Speaker 2: don't you give them spoons? So no productivity is can 575 00:26:43,520 --> 00:26:48,320 Speaker 2: can make massive of progress. And AI has gotten Do 576 00:26:48,359 --> 00:26:49,600 Speaker 2: we care about that much? 577 00:26:49,640 --> 00:26:52,040 Speaker 3: If I Roe bought servants doing all of our cooking 578 00:26:52,080 --> 00:26:53,280 Speaker 3: and cleaning and everything. 579 00:26:52,960 --> 00:26:55,520 Speaker 2: For I will say, you've seen the Jetsons be very 580 00:26:55,560 --> 00:26:57,720 Speaker 2: cautious of AI. I learned that as I'm putting my 581 00:26:57,800 --> 00:27:00,520 Speaker 2: report together. I use AI a lot. Yes, got great tool, 582 00:27:00,520 --> 00:27:02,960 Speaker 2: but as my chief of staff said, it is often 583 00:27:03,160 --> 00:27:06,760 Speaker 2: confidently wrong. And I found that out repeatedly in this problem. 584 00:27:06,800 --> 00:27:08,840 Speaker 2: By the way, being confidently wrong, it's kind of the 585 00:27:08,840 --> 00:27:13,600 Speaker 2: business you're in. Well, not you specifically, but yeah, but 586 00:27:13,680 --> 00:27:17,760 Speaker 2: politicians in general are not coffee today. Politicians in general 587 00:27:17,800 --> 00:27:21,639 Speaker 2: are not known for lacking confidence in being wrong, especially 588 00:27:21,960 --> 00:27:25,800 Speaker 2: as you well know everything COVID that all this spiraled 589 00:27:25,800 --> 00:27:28,240 Speaker 2: out of so yeah, Buck asked the question, I think 590 00:27:28,240 --> 00:27:29,919 Speaker 2: this is the big picture, maybe a question we can 591 00:27:29,920 --> 00:27:32,520 Speaker 2: finish with you on and we appreciate all the time, 592 00:27:32,520 --> 00:27:34,399 Speaker 2: and we know there's tons of people out there that 593 00:27:34,440 --> 00:27:36,400 Speaker 2: have wanted us to do a deep dive on this. 594 00:27:37,920 --> 00:27:38,640 Speaker 2: The growth rate. 595 00:27:39,080 --> 00:27:42,359 Speaker 1: The number one most important thing that could happen to 596 00:27:42,440 --> 00:27:45,359 Speaker 1: make everybody the rising tide lift all boats is our 597 00:27:45,400 --> 00:27:48,280 Speaker 1: economy has to get growing faster. You've run the numbers. 598 00:27:48,280 --> 00:27:51,760 Speaker 1: We haven't had four percent growth since the nineteen fifties. Now, 599 00:27:51,800 --> 00:27:55,320 Speaker 1: maybe Buck's right, and I'd love for the AI revolution 600 00:27:55,520 --> 00:27:58,320 Speaker 1: to lead to exponential This is a long bomb into 601 00:27:58,359 --> 00:28:00,480 Speaker 1: the end zone theory, but maybe some of the catches it. 602 00:28:00,520 --> 00:28:00,600 Speaker 2: Now. 603 00:28:00,600 --> 00:28:02,560 Speaker 1: It's a very positive like way of looking at things, 604 00:28:02,600 --> 00:28:04,320 Speaker 1: and there are a lot of CEOs, including some of 605 00:28:04,359 --> 00:28:07,280 Speaker 1: the ones that we interact with, that are incredibly optimistic 606 00:28:07,359 --> 00:28:10,240 Speaker 1: on this. But I do think history matters here. When's 607 00:28:10,240 --> 00:28:12,080 Speaker 1: the last time we had four percent growth in this 608 00:28:12,160 --> 00:28:14,720 Speaker 1: country in the sixties, nineteen sixties. 609 00:28:14,440 --> 00:28:17,119 Speaker 2: And then we had thirties, thirty or three percent growth 610 00:28:17,160 --> 00:28:21,520 Speaker 2: in the you know, seventies, eighties, nineties, you know, the 611 00:28:21,520 --> 00:28:25,040 Speaker 2: the dot com revolution. But since the turn of the century, 612 00:28:25,119 --> 00:28:28,439 Speaker 2: we've averaged two point two percent growth. And you know, 613 00:28:28,480 --> 00:28:30,919 Speaker 2: rein Hard and Rogoff wrote about this as time is different, 614 00:28:31,080 --> 00:28:36,240 Speaker 2: not once you reach a certain threshold of debt GDP level. 615 00:28:36,320 --> 00:28:39,280 Speaker 2: First of all, government is sucking down all that money 616 00:28:39,280 --> 00:28:44,040 Speaker 2: out of the private sector. Risk takers can't borrow money, 617 00:28:44,080 --> 00:28:47,040 Speaker 2: so that has a negative impact on growth. Again, AI 618 00:28:47,160 --> 00:28:49,280 Speaker 2: may be a spark that could overcome all this, but 619 00:28:50,080 --> 00:28:52,680 Speaker 2: we could be in that death spiral right now. That's 620 00:28:52,720 --> 00:28:56,920 Speaker 2: that's my concern. So this is it. We're like, all right, 621 00:28:56,920 --> 00:28:59,600 Speaker 2: great talk, but I said death. I said that. I 622 00:28:59,600 --> 00:29:06,880 Speaker 2: said I thought he said I don't know well enough. Well, 623 00:29:06,960 --> 00:29:10,440 Speaker 2: I guess again. But like Mith Rodgers hitting the mite 624 00:29:10,560 --> 00:29:12,880 Speaker 2: your button, we're seeing what the bond markets is doing. 625 00:29:12,920 --> 00:29:15,040 Speaker 2: We can't control long term interest rates. That's going to 626 00:29:15,080 --> 00:29:16,640 Speaker 2: be up to our credits if they look at us. 627 00:29:16,680 --> 00:29:18,640 Speaker 2: It's not serious about this. I think the bond markets 628 00:29:18,640 --> 00:29:20,440 Speaker 2: has been telling that they're going to demand to hire 629 00:29:20,480 --> 00:29:23,440 Speaker 2: a hire interest rate to refinance that nine trillion dollars. 630 00:29:23,720 --> 00:29:25,880 Speaker 2: That takes more of the money out of what we 631 00:29:25,920 --> 00:29:27,560 Speaker 2: can spend out other things as well. So again this 632 00:29:27,680 --> 00:29:29,480 Speaker 2: is we're not in a good position right now. We're 633 00:29:29,520 --> 00:29:32,160 Speaker 2: simply not. I mean, that's my whole point is, let's 634 00:29:32,720 --> 00:29:35,600 Speaker 2: address this problem. The first step in solving any problem 635 00:29:35,680 --> 00:29:38,760 Speaker 2: is admitting you have one. And most people aren't. They're 636 00:29:38,800 --> 00:29:40,840 Speaker 2: not even aware of it. They're just whistling by the graveyard. 637 00:29:40,880 --> 00:29:44,080 Speaker 1: I'm picturing you right now when your kids come home 638 00:29:44,320 --> 00:29:47,000 Speaker 1: from college and you've got the credit card bill in 639 00:29:47,040 --> 00:29:49,280 Speaker 1: front of you, and it's like Dad is just sitting 640 00:29:49,320 --> 00:29:50,920 Speaker 1: down in front of you and he's like, I just 641 00:29:51,120 --> 00:29:53,000 Speaker 1: you know, you got the daughter, you got the son. 642 00:29:53,080 --> 00:29:55,560 Speaker 1: They don't understand basic economics, and you're just like, I 643 00:29:55,600 --> 00:29:58,320 Speaker 1: don't even understand how you could have spent this money. 644 00:29:58,480 --> 00:30:00,560 Speaker 1: That's the way I feel like. You're looking at the 645 00:30:00,600 --> 00:30:03,320 Speaker 1: federal government on a day to day basis. You're like Dad, 646 00:30:03,360 --> 00:30:05,440 Speaker 1: who's looking at this and just saying this. None of 647 00:30:05,440 --> 00:30:09,360 Speaker 1: them a jet ski, yeah, jets. I've said this at 648 00:30:09,360 --> 00:30:11,320 Speaker 1: the bar. It's easy to be the parents, says, Hey, 649 00:30:11,320 --> 00:30:13,160 Speaker 1: we're going to go to Disney World. It's really hard 650 00:30:13,200 --> 00:30:15,480 Speaker 1: to be the parent says but we can't afford it. 651 00:30:15,560 --> 00:30:16,840 Speaker 1: You know, we're already in well the other. 652 00:30:16,720 --> 00:30:18,880 Speaker 2: Things senat are. Now I'm going to really bum everybody out. 653 00:30:18,920 --> 00:30:21,960 Speaker 3: Everybody thinks they're the parent that says we can't afford 654 00:30:21,960 --> 00:30:25,120 Speaker 3: Disney World this year, But everybody wants to say, my 655 00:30:25,240 --> 00:30:28,160 Speaker 3: kids are going to Disney World. So that's the tough 656 00:30:28,200 --> 00:30:31,920 Speaker 3: part of American politics. Senator Johnson of Wisconsin. Always a 657 00:30:31,920 --> 00:30:33,920 Speaker 3: pleasure to hang with you, sir. Thanks for being here 658 00:30:33,960 --> 00:30:36,440 Speaker 3: with us in studio, Thanks for having in look. I 659 00:30:36,480 --> 00:30:38,680 Speaker 3: want to tell you rappid radios makes modern day. 660 00:30:38,680 --> 00:30:42,120 Speaker 1: While I'm still laughing about the dad analogy, that is 661 00:30:42,160 --> 00:30:44,440 Speaker 1: perfect for you. You should when you run for reelection 662 00:30:44,560 --> 00:30:47,520 Speaker 1: next time, you should just do ads where you you 663 00:30:47,560 --> 00:30:49,920 Speaker 1: pretend to be a dad looking at the at the 664 00:30:49,960 --> 00:30:53,160 Speaker 1: expenses of your kids, because I think everybody in Wisconsin's 665 00:30:53,200 --> 00:30:56,240 Speaker 1: going to recognize with that. But rappid radios they're convenient, 666 00:30:56,280 --> 00:30:58,600 Speaker 1: they're easy to use, no setup required, pull them out 667 00:30:58,600 --> 00:31:00,880 Speaker 1: of the box, push a push a button, and it's 668 00:31:00,880 --> 00:31:05,479 Speaker 1: a one touch connection. Perfect for busyfamilies. Rapid radios also 669 00:31:05,640 --> 00:31:07,680 Speaker 1: great for young kids. I've got a ten year old. 670 00:31:07,760 --> 00:31:10,440 Speaker 1: We don't want to give him a cell phone, but 671 00:31:10,440 --> 00:31:12,520 Speaker 1: he's running aund in the neighborhood. He's playing wiffleball with 672 00:31:12,560 --> 00:31:14,880 Speaker 1: his friends, he's playing football with his friends. We can 673 00:31:14,920 --> 00:31:18,000 Speaker 1: stay in touch with him also five days without needing 674 00:31:18,080 --> 00:31:22,120 Speaker 1: a charge. They're super easy. They're reliable. If you've got thunderstorms, 675 00:31:22,120 --> 00:31:24,800 Speaker 1: if you've got hurricane season, which we're in now, if 676 00:31:24,800 --> 00:31:27,760 Speaker 1: you just want to protect your family with having an 677 00:31:27,800 --> 00:31:30,680 Speaker 1: additional way to be able to get communication, these guys 678 00:31:30,680 --> 00:31:31,280 Speaker 1: are amazing. 679 00:31:31,360 --> 00:31:31,880 Speaker 2: Check them out. 680 00:31:31,920 --> 00:31:35,480 Speaker 1: Rapid Radios dot Com sixty percent off free ups shipping 681 00:31:35,840 --> 00:31:39,600 Speaker 1: from Michigan. Use Code Radio for an extra five percent off. 682 00:31:39,640 --> 00:31:43,560 Speaker 1: That's Rapid Radios dot Com. Code Radio. Great asset to 683 00:31:43,600 --> 00:31:46,560 Speaker 1: make your family a little bit safer than they otherwise 684 00:31:46,640 --> 00:31:51,800 Speaker 1: would be. Trust them Nationwide radio communication device to keep 685 00:31:51,840 --> 00:31:58,480 Speaker 1: tabs on everybody. Rapid Radios, dot Com, Code Radio. 686 00:32:04,120 --> 00:32:08,000 Speaker 3: Hope you all enjoyed that walk into the financial abyss 687 00:32:08,040 --> 00:32:12,000 Speaker 3: with Senator Ron Johnson. He's like, guys, the whole country 688 00:32:12,000 --> 00:32:14,560 Speaker 3: may collapse, but it's gonna be okay. 689 00:32:14,400 --> 00:32:15,760 Speaker 2: No, it's gonna be fine. It's gonna be fine. Look 690 00:32:15,800 --> 00:32:16,520 Speaker 2: the big beautiful bill. 691 00:32:16,560 --> 00:32:19,320 Speaker 3: It's big, it's beautiful, and we're looking forward to talking 692 00:32:19,320 --> 00:32:21,440 Speaker 3: to more folks here in DC about all the great things. 693 00:32:21,800 --> 00:32:24,080 Speaker 3: And Ever admits there are many many great things in it, 694 00:32:24,120 --> 00:32:26,920 Speaker 3: and I think that passing it is I think it's 695 00:32:26,960 --> 00:32:29,160 Speaker 3: the right move and I think that there's gonna be 696 00:32:29,840 --> 00:32:32,280 Speaker 3: a lot that this administration is going to be putting 697 00:32:32,280 --> 00:32:35,920 Speaker 3: in motion that should be or or can't fully be 698 00:32:35,960 --> 00:32:40,000 Speaker 3: accounted for right now Clay that will affect the revenue 699 00:32:40,040 --> 00:32:43,080 Speaker 3: and debt side of things very positively. For example, the 700 00:32:43,080 --> 00:32:45,040 Speaker 3: money that's coming in, the hundreds of billions that's gonna 701 00:32:45,040 --> 00:32:48,640 Speaker 3: come in on tariffs, and the admission recently that Chinese 702 00:32:48,640 --> 00:32:50,640 Speaker 3: producers are actually going to have to eat a lot 703 00:32:50,680 --> 00:32:52,520 Speaker 3: of the costs of the tariffs. These are all things 704 00:32:52,840 --> 00:32:54,720 Speaker 3: that are going into the pot, things that are going 705 00:32:54,760 --> 00:32:57,720 Speaker 3: to be on the on the positive side of a 706 00:32:57,800 --> 00:33:01,440 Speaker 3: ledger for us financially. And you know I did mention 707 00:33:01,480 --> 00:33:03,480 Speaker 3: that you had had your coffee by the way Crocketcoffee 708 00:33:03,520 --> 00:33:05,200 Speaker 3: dot com. We got to make sure that we keep 709 00:33:05,240 --> 00:33:07,480 Speaker 3: that with us on the road at all times. Go 710 00:33:07,560 --> 00:33:10,720 Speaker 3: to Crocketcoffee dot com. It's absolutely delicious stuff. It's fantastic. 711 00:33:10,720 --> 00:33:13,160 Speaker 3: Ten percent of the profits goes to Tunnel the Towers Foundation. 712 00:33:13,560 --> 00:33:15,920 Speaker 3: I've been introducing people to our mushroom blend, which they 713 00:33:15,920 --> 00:33:19,480 Speaker 3: think is very interesting. It's very it's unique, it's earthy, 714 00:33:19,920 --> 00:33:21,640 Speaker 3: you've never tried. It's worth a shop. But for your 715 00:33:21,720 --> 00:33:24,840 Speaker 3: daily Coffee needs Crocketcoffee dot COM's where you want to go. Yeah, 716 00:33:24,840 --> 00:33:27,360 Speaker 3: it's fantastic. A use code book, you get an autographed 717 00:33:27,360 --> 00:33:29,760 Speaker 3: coffee of the most recent book. You've got one coming 718 00:33:29,760 --> 00:33:32,080 Speaker 3: out in January. I've got one coming out in November. 719 00:33:32,120 --> 00:33:33,840 Speaker 1: So there's gonna be some new books that are coming 720 00:33:33,840 --> 00:33:35,160 Speaker 1: out there that we actually wrote. 721 00:33:35,320 --> 00:33:36,960 Speaker 2: And we are going to be going down. 722 00:33:37,480 --> 00:33:39,280 Speaker 3: We're just figuring out when, but we're going to be 723 00:33:39,280 --> 00:33:42,400 Speaker 3: heading down to San Antonio in the summer, which is 724 00:33:42,400 --> 00:33:45,040 Speaker 3: when I hear is the best time to go to 725 00:33:45,160 --> 00:33:47,480 Speaker 3: work on your heat tolerance when you're going. 726 00:33:47,440 --> 00:33:49,000 Speaker 2: To go over it in eighty degrees. 727 00:33:49,040 --> 00:33:51,480 Speaker 1: We're gonna come down and visit the Alamo, obviously naming 728 00:33:51,520 --> 00:33:54,920 Speaker 1: a Krock coffee after one of the Alamo legends. I 729 00:33:54,960 --> 00:33:56,719 Speaker 1: haven't been since I was a kid, but they are 730 00:33:56,760 --> 00:33:58,719 Speaker 1: excited to host us at the Alamo. Now. 731 00:33:58,760 --> 00:34:00,640 Speaker 3: I've never been to the Alamo. I remember the first 732 00:34:00,680 --> 00:34:02,520 Speaker 3: time I ever even heard of the Alamo was the 733 00:34:02,520 --> 00:34:04,760 Speaker 3: Pee Wee Herman movie. Yes, we were talking about that 734 00:34:04,800 --> 00:34:05,640 Speaker 3: a little bit last night. 735 00:34:05,840 --> 00:34:06,600 Speaker 2: I think. 736 00:34:07,840 --> 00:34:10,000 Speaker 1: You'll be surprised by how the Alamo is just right 737 00:34:10,040 --> 00:34:12,239 Speaker 1: in the middle of San Antonio, doesn't have a ton 738 00:34:12,360 --> 00:34:14,319 Speaker 1: of space that it takes up. But I understand they're 739 00:34:14,360 --> 00:34:19,080 Speaker 1: doing some remarkable historical renovations and building out the guest 740 00:34:19,600 --> 00:34:22,239 Speaker 1: visitation areas and everything else, and it's supposed to be 741 00:34:22,239 --> 00:34:25,120 Speaker 1: pretty extraordinary. So we're looking forward to to getting down 742 00:34:25,160 --> 00:34:27,360 Speaker 1: there and being able to visit. By the way, a 743 00:34:27,400 --> 00:34:30,120 Speaker 1: lot of you have wanted us to dive into the 744 00:34:30,200 --> 00:34:34,680 Speaker 1: so called big beautiful Bill and actually talk about the math. 745 00:34:34,760 --> 00:34:36,600 Speaker 1: Here's what I will say. You don't have to agree 746 00:34:36,680 --> 00:34:38,719 Speaker 1: with Senator Ron Johnson, you don't have to agree with 747 00:34:38,800 --> 00:34:42,360 Speaker 1: Ran Paul. I do think there are relatively few guys 748 00:34:42,400 --> 00:34:46,520 Speaker 1: that have spent more time actually looking at where the 749 00:34:46,560 --> 00:34:49,319 Speaker 1: money that we spend goes. And we know Elon did 750 00:34:49,320 --> 00:34:52,200 Speaker 1: this with DOJE, but Senator Ron Johnson is left now, 751 00:34:52,560 --> 00:34:55,520 Speaker 1: but he has a big, massive binder that he's got 752 00:34:55,560 --> 00:34:57,960 Speaker 1: that he's just tracking where the money is going, how 753 00:34:57,960 --> 00:35:02,000 Speaker 1: it's being spent. And I do think argument that Democrats 754 00:35:02,040 --> 00:35:07,480 Speaker 1: have successfully embedded the to a large extent, the growth 755 00:35:07,520 --> 00:35:10,719 Speaker 1: of government that they took advantage of during COVID and 756 00:35:10,920 --> 00:35:13,600 Speaker 1: just made it the baseline going forward. I think he 757 00:35:13,640 --> 00:35:15,759 Speaker 1: makes a strong argument that we should go back like 758 00:35:15,800 --> 00:35:19,240 Speaker 1: we did after World War Two. And reassess the growth 759 00:35:19,400 --> 00:35:21,040 Speaker 1: of the overall government. 760 00:35:21,000 --> 00:35:24,319 Speaker 3: And the amount of money that is being spent that 761 00:35:24,680 --> 00:35:31,200 Speaker 3: is inefficient, but also that is going to welfare and 762 00:35:31,280 --> 00:35:34,759 Speaker 3: even within that going to welfare payments, whether through the 763 00:35:34,760 --> 00:35:39,120 Speaker 3: medicaid system or others, to illegal immigrants. 764 00:35:39,160 --> 00:35:40,360 Speaker 2: It is vast. 765 00:35:40,680 --> 00:35:42,239 Speaker 3: In New York, we have a pretty good sense the 766 00:35:42,280 --> 00:35:46,160 Speaker 3: numbers because the New York City budget was really groaning 767 00:35:46,239 --> 00:35:49,239 Speaker 3: under the pressure of it. Of fourteen billion over a 768 00:35:49,239 --> 00:35:53,800 Speaker 3: couple of years. That's just the money for emergency immigrant 769 00:35:53,920 --> 00:35:56,160 Speaker 3: you know, illegal immigrant money, if you will clay in 770 00:35:56,200 --> 00:36:00,720 Speaker 3: a place like California, the medical program out of federal 771 00:36:00,719 --> 00:36:03,520 Speaker 3: dollars that get funneled into that. We had Senator Johnson 772 00:36:03,560 --> 00:36:08,000 Speaker 3: talking about just medicaid generally, but medicaid for illegals. You 773 00:36:08,040 --> 00:36:11,000 Speaker 3: start to see where this money is going. And the 774 00:36:11,000 --> 00:36:12,799 Speaker 3: more you follow the money everybody, I think, the more 775 00:36:12,800 --> 00:36:16,680 Speaker 3: outrageous it becomes. And how much of this money is 776 00:36:16,719 --> 00:36:19,120 Speaker 3: being squandered or spent on things that just frankly shouldn't 777 00:36:19,120 --> 00:36:21,840 Speaker 3: be spent on to people who shouldn't be getting the money. 778 00:36:22,320 --> 00:36:24,680 Speaker 3: And this is all of our money, and there needs 779 00:36:24,680 --> 00:36:27,680 Speaker 3: to be a much more serious look at this. And 780 00:36:27,760 --> 00:36:29,560 Speaker 3: you know, the way the Democrats have set this up, 781 00:36:29,600 --> 00:36:31,920 Speaker 3: it's just harder and harder to trace the source that 782 00:36:32,080 --> 00:36:33,839 Speaker 3: is on purpose, that is. 783 00:36:33,880 --> 00:36:35,759 Speaker 2: Meant to be. And this is why you know. 784 00:36:35,920 --> 00:36:38,080 Speaker 3: I'm in Florida and I've lived in New York. Clay 785 00:36:38,120 --> 00:36:41,040 Speaker 3: Florida twenty one million people, New York nineteen million people. 786 00:36:41,480 --> 00:36:45,680 Speaker 3: Florida's budget basically one hundred billion, New York's budget effectively 787 00:36:45,800 --> 00:36:49,279 Speaker 3: two hundred which runs more efficiently too, Yeah, so much 788 00:36:49,320 --> 00:36:51,920 Speaker 3: more efficiently. So you have more population and half the 789 00:36:51,960 --> 00:36:55,960 Speaker 3: budget in a state with better governance across the board 790 00:36:56,040 --> 00:36:59,319 Speaker 3: in my opinion, Florida versus New York. And this is 791 00:36:59,440 --> 00:37:02,920 Speaker 3: true of everybody across the country. Your federal dollars are 792 00:37:02,920 --> 00:37:04,840 Speaker 3: going to subsidize blue state madness. 793 00:37:04,840 --> 00:37:06,480 Speaker 2: So we'll get in more of this coming up here. 794 00:37:06,480 --> 00:37:10,520 Speaker 1: Oh also the Simone bottomone Biles has apologized Buck