While Kevin McCarthy celebrates his debt deal, there are mixed reactions on both sides of the aisle. Jack and Joe discuss and give some great analogies about what this deal might mean for the country.
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Episode Transcript
Now here's how Kevin McCarthy reacted last night to the
giant win for the bill that he and Joe Biden
put together.
Speaker 2 (00:08):
I could say I'm gonna vote no because there's something
got in the bill. If I took that philosophy, I
would never vote yes. I simply read the bills in
front of me and aside, is this good for the country,
I would say that answer is easily yes. Taxpayers will
save an additional two point one trillion, and for the
first time in more than a decade, Congress will spend
(00:31):
less next year than this year.
Speaker 3 (00:33):
This is fabulous. This is one of the best nights
I've ever been here. I thought it would be hard.
I thought it'd be almost impossible.
Speaker 1 (00:40):
I'm sorry I played the wrong clip there.
Speaker 4 (00:42):
I just want to know why he's talking like this
all the time.
Speaker 1 (00:44):
I like this party. I played that again. I really
like that one. This is fabulous.
Speaker 3 (00:48):
This is fabulous. This is one of the best nights
I've ever been here. I thought it would be hard.
I thought it'd be almost impossible.
Speaker 1 (00:55):
He was very excited. He's very excited with the outcome
of that, and so it was even close when it
came down to the voting a majority of Republicans and
Democrats voted for it twice as many Republicans voted for
it as against it, three times as many Democrats voted
for it as against it. It passed. Whatever it was,
three hundred some to one hundred sum. It wasn't even close.
(01:18):
I looked over my a lot of different people though
I was wondering it was. It was an interesting breakdown
because like Jim Jordan voted for it, that comer guy
who's going after Hunter Biden voted for it. Our friend
McClintock's talk voted as physical fiscal conservative voted for it.
(01:39):
Marjorie Taylor Green voted for it.
Speaker 3 (01:41):
And.
Speaker 4 (01:44):
I win.
Speaker 1 (01:47):
So and it's going to pass overwhelmingly in the Senate.
Also as the leader of the Republicans bench McConnell and
the leader of the Democrats, Chuck Schumer, are both backing it,
so they'll have enough of their own people. So it's
not I'm gonna be close. There's there's gonna be no
drama on this whatsoever.
Speaker 4 (02:02):
No, So don't click on the clickbait, don't watch the
stupid talking heads panels or drawing on and on about this.
Speaker 1 (02:08):
Well, NBC News last night, they led with as the
nation's economy hangs in the balance of members of both sides,
both parties, Yeah, scream their no votes. Yeah, okay, Well,
you either don't understand how to count votes, or you're
pretending this is a crisis because it wasn't even close
according to nobody.
Speaker 4 (02:29):
Dishonesty. Yeah, which even my side is lying to me.
The idea that we're going to save two trillion dollars
is a joke. It assumes that all the spending caps
that they put in this legislation will be observed. They're
gentlemen's agreements at best. They suspend spending caps all the time,
or six months later they say, yeah, not so much anymore.
(02:50):
There's no binding force to a lot of these agreements.
It's a joke.
Speaker 1 (02:53):
So one of the no votes, I forget which guy,
but one of the Republican no votes said, it's just
a matter of weeks before we call for McCarthy's head.
You know, remember part of the deal of him becoming
speaker was they changed the rules to where any one
member could call for another vote. And they say they're
gonna do that. I don't know if they're going to
(03:14):
follow through In that or not, you'd have to have
somebody to beat him. I mean, who are you gonna
put up that's going to get the required votes to
replace him?
Speaker 4 (03:22):
Well, yeah, go ahead, hold your vote. You're gonna get
like eleven votes to get rid of McCarthy and then
we'll all go on with our lives. In my opinion,
and I don't say that as a giant fan of Evan's,
it's just it's the reality.
Speaker 1 (03:33):
Of somebody's got to do the job. Who are gonna
put up that's gonna get more votes than him?
Speaker 4 (03:36):
Is the question?
Speaker 1 (03:37):
Ah, do you the final conversation on this, Kevin McCarthy
comes out of this more popular or less popular.
Speaker 4 (03:44):
Among whom people in general or Congress people in general,
I would guess somewhat more.
Speaker 1 (03:51):
I would guess more.
Speaker 4 (03:52):
Also, deal maker cross the aisle right got to a
deal prevented the apocalypse of the economy.
Speaker 1 (04:00):
And as I've heard some posit, it's also good for
Joe Biden and you know, getting closer to a presidential election.
He ran on the whole I'm gonna reach across the aisle,
work with the other party. Guy didn't do it at
all for his entire first term, but now at the
very end he does, and can you know so claim
that again?
Speaker 4 (04:18):
Yeah, yeah, well.
Speaker 1 (04:20):
And it's all crap anyway, it's all crap.
Speaker 4 (04:23):
Even the liberal New York Times points out that the
debt limit deal assumes that after budget caps lift in
twenty twenty six, Congress will increase spending in line with inflation.
Blah blah blah. These future changes, which the White House
is calling agreed upon adjustments and which many observers have
called side deals or even gimmicks, would increase federal spending
(04:44):
in unconventional ways and then direct the money into the
part of the budget that the current bill cuts the deepest.
Speaker 3 (04:49):
Wow.
Speaker 4 (04:49):
So there are built in workarounds, as I said before,
And I don't mean to stamp out any you know,
remaining spark of joy or optimism in your.
Speaker 1 (04:59):
Hearts, out that last remaining spark of joy. And everyone
knows it.
Speaker 4 (05:06):
If there's anything that that gets me up in the morning,
that makes me want to do this job, it's helping
people understand what's actually happening as opposed to the con
you're being sold. And there's almost no penalty for spending
your kids and grandkids money to buy your votes. Now
for politicians, there's no downside for them, so they go
(05:29):
through these great elaborate ruses to steal more money for
future generations. When the bill comes due, they'll be gone,
so they don't care unless we punish them for it.
But you know, the great Rushing Inball before he passed said,
the enthusiasm for fiscal conservatism is just kind of withered away.
So I'll shut up now. I'm sorry. I'm sorry about
(05:50):
that spark of human joy I extinguish. That was rood
of me. I apologize
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Jack Armstrong
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