May 8, 2025 • 37 mins
Hour 1 of the Clay Travis and Buck Sexton Show kicks off with a discussion on various breaking news stories. The hosts delve into a major protest at Columbia University, highlighting the arrests and potential consequences for the protestors. They then shift focus to President Trump's announcement of a significant trade deal with England, which has positively impacted the stock market. The hosts emphasize the stock market's recovery and the importance of holding onto investments during volatile times.
The conversation transitions to the media's portrayal of Trump, particularly regarding stock prices and human trafficking allegations against Kilmar Abrego Garcia. The hosts critique the legacy media's narrative and discuss the changing dynamics in media influence.
Next, the show covers Biden's appearance on "The View" and the announcement of a new Pope, with the hosts eagerly awaiting the name. They also discuss the significance of Victory Day and the 80th anniversary of Victory in Europe Day, tying it to the new trade deal between the US and the UK.
The hosts play audio clips of Trump and the British ambassador praising the new trade deal, underscoring Trump's commitment to economic growth and international relations. They predict further trade agreements and the positive impact on the US-China trade battle.
Senator Ron Johnson joins the show to discuss the budget and spending cuts, expressing concerns about the federal government's spending levels and the need for significant reductions. The hosts and Senator Johnson emphasize the importance of returning to pre-pandemic spending levels and the challenges in achieving meaningful cuts.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Welcome in.
Speaker 2 (00:01):
It is the Thursday edition. Clay Travis buck Sexton show.
A lot of different breaking news, many different fronts. We're
going to try to keep you updated on everything. Let
me hit you right off the top. Columbia University major
protests as the library was taken over last night, lots
(00:22):
of people arrested. It seems like there might finally be
some consequences for these crazy looney bin college protesters. We
will discuss that story with you just now. I believe
he is still speaking in the White House, Trump announcing
a major trade deal with England that has sent stocks
(00:42):
soaring yet again. You've noticed probably that as the stock
market has been increasing, suddenly there is no reference to
the stock market. I believe I'm correct in this on
CNN and on MSNBC. Stock market SMP five hundred up
one point three percent.
Speaker 3 (01:03):
Now this morning.
Speaker 2 (01:05):
And to kind of put that in context, all of
the collapse in stock prices that happened in April has
been eradicated. If you bought near the low, you are
approaching a twenty percent increase in your value. If you
just held on like we told all of you to do.
Channeling Warren Buffett, don't overreact. Don't let MSNBC and CNN
(01:31):
drive you bonkers. You are essentially, as I am speaking
to you right now, stocks are at the exact same
valuation they were right before Trump was elected president, exact
same price as they were on November fourth. So we
have effectively basically got stocks right where they were when
(01:51):
Trump was elected. All of that matters because Trump is
right now speaking he said, hey, you know what, if
we can would actually get the Fed to cut interest rates,
we would have even faster growth coming forward. But I
think the attack on Trump for stock prices is going
to go the way of the attack on Trump for
(02:13):
kilmar a Brao Garcia. That is, it's going to vanish
and they're going to pretend they never said it ever
in the past, which.
Speaker 3 (02:23):
Is a good sign.
Speaker 4 (02:25):
Yes, you know, kill Mark Obrego Garcia. They're running out
of room on that one. He's not a human trafficker,
He's a homo sapien entrepreneur.
Speaker 3 (02:36):
Even yeah, it's very funny.
Speaker 2 (02:37):
Even Buck, they've stopped referring to him as a Maryland
dad and they're now calling him an El Salvadoran. Even
the legacy media is like, well, maybe this guy wasn't
just a Maryland dad. He was in fact a human trafficker,
according to multiple reports.
Speaker 4 (02:51):
Now they used to have the ability, and I mean
they had it, really, they had it until this last election.
At some level, I think it's truly gone now, Clay.
Where they could force feed a narrative and make Trump
and his team play defense no matter how crazy, no
matter how wrong, how big the lie, they just can't
really do that anymore. The opposition that the counter punch
(03:14):
from Trump, from this White House, from the media, from
this show, from you know, other big shows out there
that are doing great work, the CounterPunch is too much
for them now. So they again it's not just they
have no messaging as a party. Their ability to force
feed messaging is not what it used to be by
a long shot.
Speaker 2 (03:33):
Okay, Biden on the View will have some cuts for that.
We're gonna play cuts for Trump in the White House
talking about the new deal with Great Britain. But I
am told there is also white smoke, meaning we now
have a new pope.
Speaker 3 (03:49):
We do not yet.
Speaker 2 (03:50):
I'm scrolling through social media to try to catch up
with the absolute latest. We do not yet have a name.
Is that correct?
Speaker 3 (03:58):
Team?
Speaker 2 (03:58):
The name has not leaked the new pope, but the
white smoke is now out over the Vatican City and
we are going to end up with a new pope.
I would imagine in short order we will have a
name of the new Pope and we will see whether
or not we have any any knowledge to share with
(04:21):
you of the new popes. Okay, a bunch of different
things out there, let's start with this. I mentioned the
stock market is surging and the news stories out there
as everyone is preparing for the new pope. But we'll
get you that. In the meantime, Trump with the Prime
Minister of Great Britain, they are breaking down everything having
(04:46):
to do.
Speaker 3 (04:46):
With this new deal. And I want to start with
cut one.
Speaker 2 (04:49):
Trump announcing a brand new trade deal between America and
the UK.
Speaker 5 (04:53):
This is a very special day because it's Victory Day
World War two May eight, and just by instance, we
have the Prime Minister on the phone and we were
great allies in that and it's very unusual that the
trade deal comes to and we signed it up on
the same day that we had a great victory, the
greatest victory of them all. So we are talking more
(05:14):
and more about Victory Day because we were a big
part of it, and so was the UK. And it's just,
I guess, I don't know.
Speaker 1 (05:22):
What you call it.
Speaker 5 (05:23):
It's just incredible that that day is the same day
that we signed a tremendous trade deal for both countries.
Speaker 2 (05:30):
Okay, that we should mention as well eightieth anniversary of
victory in Europe day one of the greatest days in
the history of Western civilization. Frankfully Thankfully cut four is
the British ambassador to the US, praising Trump for getting
this new trade deal done.
Speaker 3 (05:49):
Listen to that.
Speaker 6 (05:50):
You've done what you said you would do. You said
to the Prime Minister when he came and we visited
in the Oval, that you would do a good trade
deal with the United Kingdom, that you would do it
at pace, and that we would be first. And you
have delivered that. You know, you've been true to your words.
(06:10):
So thank you very much indeed for that.
Speaker 2 (06:15):
So that is the resolution we're going to have. We
told you this was going to happen. You can criticize Trump,
but did anybody really think that he was not going
to allow the stock market to flourish? I mean, this
is of all the criticisms of Trump, maybe the most
ludicrous out there. I would suspect buck, and we have
told people this would be likely happening. We will see
(06:36):
in short order rapid rollouts of a variety of different
major new trade agreements that will ultimately lead to the
US and China being on an island squaring each other
off as it pertains to the trade related battles. And
I think that's going to be decided. I predicted by August.
(06:57):
So the markets are increasingly becoming it seems to me
cognizant of that fact. And we hope you held onto
your stocks. Then if you bought any down down in
the gully, you are you're walking really strong today.
Speaker 4 (07:12):
Well, do we have to start getting you to do
at least a segment of the show with like French
cuffs and suspenders and maybe a monogrammed dress shirt on,
you know, like old school Wall Street guys, Gordon Gecko
a La Wall Street, which is a movie that holds up,
by the way, fantastic. Yes, Clay, you gave everyone very
good advice. The advice is bet on America, and Trump
(07:35):
knows what he's doing. If we were to summarize this right,
I think that's fair America and Trump knows what he's doing.
And I think that those simple, straightforward principles, almost Warren
Buffett like in their truism and their simplicity, have have
shown that everyone need there's no need for panic. Anything
like that was absurd. But it also shows you that
(07:55):
a lot of the people who are supposed to be
making a living telling you what's going on in the
markets have no idea what the heck they're talking about.
Speaker 3 (08:01):
Yeah, oh my.
Speaker 1 (08:02):
Gosh, you know all the hedge fund money's out.
Speaker 4 (08:04):
Oh yeah, trust me, the hedge funds have to chase
returns or else people put their money somewhere else. So
they're not just going to take the money out of
the market and sit on the sidelines. Okay, So that
all is to the good. And we still don't have
the name of the pope, the new Pope, which is
exciting for all of us who are Catholic. I've got
to figure out, Clay, how to get my son baptist?
(08:25):
Are your kids baptized? I gotta figure out how to
get my boy baptis. Well, you get sprinkled right in
the Catholic faith. I mean, don't you get sprinkled? Is
that like a special thing? And you just get baptized.
It's like pour water over the head.
Speaker 3 (08:38):
No.
Speaker 2 (08:39):
No, baptism, no, no, no. Baptism is like old school, like
you have to be dunked. You know, you don't babies.
You don't dunk babies. No, you sprinkled, you sprinkled the babies.
Oh yeah, the Baptists back in the day. I got Yeah,
I got fully immersed. Oh, of course it's a baby clay.
They don't they don't like throw it in the river
and see what happens. Yeah, we know a little know
(09:00):
I'm saying, but there is no full immersion in the
Catholic faith, right, Like you never put on like walking
you know, waiting boots and uh and go in and
get fully immersed under the water.
Speaker 4 (09:09):
You're really putting me on on the there's so many
listening who know more about this than me. When I
was in Jesuit school, theology at Regis was a real
course that people failed, Like you had to actually do homework.
It wasn't something it wasn't like an extra recess period.
It was basically church history and theology, I mean, uh,
and doctrine rather in theology class. And yeah, it's been
(09:31):
a little while since the jesuit.
Speaker 7 (09:32):
No.
Speaker 2 (09:32):
No, Look in the Baptist church there is a water
like a pool behind the choir and during the actual ceremony. Now,
I'm assuming that some of these churches don't have an
actual swimming pool in them, and you go out to
a local river or whatever else. But the church that
I went to, first Baptist Church, Goodletsville, Tennessee. Still there
(09:54):
you got fully immersed in the actual Uh, in the
actual sarah. I mean you would be up there the
uh you get dunked, you go under water being full immersion.
Were you Were you ever in the choir?
Speaker 4 (10:08):
No, I'm told you got out because of your flute playing,
right like you got a flute play.
Speaker 3 (10:13):
I told you this.
Speaker 2 (10:14):
I was in chorus in in high school and they.
Speaker 3 (10:18):
Told me not to sing.
Speaker 2 (10:19):
So I announced, I announced the songs that the that
my high school choral group would sing.
Speaker 3 (10:27):
Uh.
Speaker 2 (10:27):
So I'm tone deaf. I'm not allowed other than my
flute playing, which is, you know, beautiful and majestic and
angel like. I don't really have any musical talents.
Speaker 4 (10:38):
Also, also tell you, guys, as we're sitting here looking
at some of the exciting trade deal information. Uh, the
the win of a big trade deal with the UK.
There's more of these coming and it's all right. And
the thing is, clearly there's momentum to this because you
get one big one done, well okay, everyone knows another
big one can happen and the next on the list.
And Trump has made this clear all along. You come forward,
(11:00):
you want to make a deal, now, that's great. You
want to be a pain in the butt like China,
and you want to force our hand and you want
to make things tough. It's going to be rougher on
you down the line. So the incentive is to get
a deal going here which makes sense for everybody. And
I think that that means, Look, the market's already showing
that people are feeling like, okay, there is a way
through this, there is a way forward that actually is
(11:21):
better or rather is going to improve things, and that's great.
We've also got some phenomenal guests today. We have a
stacked show of guests, so we wanted to give you
a quick preview of that. Twelve thirty so that's coming
up here Eastern time, coming up here in about twenty minutes.
We've got Senator Ron Johnson is going to be with us.
Then second hour, we have the would be now withdrawn
(11:42):
US attorney. He was acting US attorney for DC Ed Martin. Look,
we want to talk to him. We want to chat
with him about what happened here and why did Tom
Tillis stand in the way. Trump has also spoken on that.
We can give you the latest update on that. And
then our friend former Navy Seal Dave Rutherford, we'll be
talking to us in the third hour. Got some great
things to dive into with him. So we've got a
(12:05):
rock and show today. But top of the show victory
for Trump big trade deal. And I haven't gotten to
the deportation numbers yet, which Tom Homan has shared, which
are looking very strong for the first hundred days.
Speaker 3 (12:17):
I don't know.
Speaker 2 (12:17):
Again, I've already been excommunicated from the Faith for talking
about this. But the gambling markets tell us that Pietro
Perlin is going to be the next Pope. His odds
in the live gambling markets have skyrocketed to suggest I've not.
Speaker 4 (12:34):
Seen Safi wanted pizza Bagel because Pope Pizza Bagel sounded
like that was going to be a lot of fun.
Speaker 2 (12:39):
Pizza Ball would have been. It would have sold a
lot of T shirts and my wife said she was
rooting for him. But Pietro Perolin, who was yesterday, we
talked with Raymond Royo. Maybe Raymond can call us today
from inside of Vatican City because his predictions that it
was going to happen pretty quickly appear correct. But he
has the Pietro Perilin is now a massive favorite. So
(13:02):
we'll see if the betting markets know what they're talking
about as the actual pope. The white smoke is out.
A pope has been elected, but we do not know
exactly which one has been announced yet.
Speaker 4 (13:15):
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Speaker 7 (14:46):
Making America great Again isn't just one man, It's many.
The Team forty seven podcast Sunday's at noon Eastern in
the Clay and Buck podcast feed, find it on the
iHeartRadio app or wherever you can yeah your podcasts.
Speaker 2 (15:01):
Hey Buck, one of my kids called me an unk
the other day, and unk yep slang evidently for not
being hip, being an old dude.
Speaker 1 (15:08):
So how do we ununk?
Speaker 2 (15:10):
You get more people to subscribe to our YouTube channel.
At least that's to what my kids tell me.
Speaker 4 (15:15):
That's simple enough. Just search the Klay Travis en Buck
Sexton Show and hit the subscribe button.
Speaker 2 (15:19):
Takes less than five seconds to help ununk me. Do
it for Clay, do it for freedom, and get great
content while you're there the Klay Travis en Buck Sexton
Show YouTube channel. We're talking out to Senator Ron Johnson
here in just a few minutes. Yes, we shouldn't. Well, No,
we are allowed to have favorites among our senators. He's
one of our favorites. He's great.
Speaker 4 (15:38):
Yes, he listens up there in Wisconsin. I was gonna say,
we can't choose amongst our favorite Republicans. Yeah, actually we
can because Senator Tom Tillis is not on the list.
He's on the naughty list right now, he would be
getting a lump of coal in his Maga stocking for
standing the way with Ed Martin, whom we also have
on the program in the second hour, who we'll be
talking to you about all.
Speaker 2 (15:58):
I think it's pretty cowardly to not come on this
show if you are a Republican. So I mean, we're
number one in large parts of his state, and he
could talk probably to more of his constituents on this
radio program than any single mechanism of speech right now
(16:18):
that he could undertake, and his staff, to my knowledge,
Greg and correct me if I'm wrong, has not even
responded to the invitation to come on the program.
Speaker 4 (16:28):
No, we're getting We're getting faucit.
Speaker 8 (16:31):
Sorry, I don't have time amidst all my MSNBC and
triple masking obligations to make time for your show. It's
only on five hundred and seventy radio stations.
Speaker 4 (16:45):
Apologies. Yeah, he's he's given us the Fauci treatment here.
We used to invite Fauci on the show. That would
have been fun. Yes, we're gonna be talking here to
Aron John in just a few minutes about where we
are with the budget and and the whole big beautiful
bill because remember Trump has got all these pieces moving simultaneously,
(17:06):
and there's been a lot of wins already, but the
best clay is yet to come, no question about it.
Trump is, i will say, a little annoyed about what's
going on with the Fed. He put this out just
a few hours ago on truth Social too late. Jerome
Powell is a fool who doesn't have a clue other
than that I like him very much.
Speaker 2 (17:27):
To be fair, Jerome Powell was one billion percent wrong
on everything related to inflation.
Speaker 4 (17:36):
What Trump is saying, he says oil and energy way down,
almost all costs, groceries and eggs down virtually no inflation,
tariff money pouring in the exact opposite of too late.
Speaker 3 (17:47):
Enjoy.
Speaker 2 (17:49):
I will say this is something people can look forward to.
The price of gas is going to be really really
low at your gas stations very soon. And that is
one way that people judge cost of goods more than
anything else, because when you stand there with a gas
pump in your hand and you watch those dollars roll up,
you're going to see gas prices. This is a prediction
(18:11):
lower than at any point in the entire Biden era.
Just about very very soon. Now I know it's summer
driving season. Prices go up a bit, but the numbers
are going to be very.
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Speaker 2 (19:25):
Ron Johnson, Senator from Wisconsin, lots to dive into with him,
Appreciate him as always hopping on the show with us,
and let's start right here off the top. Senator, a
lot of discussion that the so called big beautiful Bill
will be done by Memorial Day. What can you tell
us about the progress?
Speaker 3 (19:44):
What do you like? What do you not like about
the bill so far?
Speaker 9 (19:50):
Well, guys, well, I hate to be the skunk in
the room. Let me give you some numbers. Twenty nineteen,
we spent four point four trillion dollars this year, spend
a little over seven trillion.
Speaker 1 (20:02):
That's a fifty eight percent increase.
Speaker 9 (20:04):
Over the next ten years, CBO estimates we will spend
a whopping eighty nine point three trillion dollars and grow
our debt by almost twenty two trillion dollars. So what
the House is working on right now is a spending reduction.
It sounds big, of one point five trillion dollars, but
you compare that to eighty nine point three that's one
(20:27):
point six eight percent reduction, one point five trillion versus
eighty nine point three trillion. And by the way, the
way normally these spending reductions occur, they occur in the
out years when there's the probability that they'll never be
actually realized.
Speaker 1 (20:43):
Now in more serious times.
Speaker 9 (20:46):
During World War two, spending increased five seventy eight percent, okay,
ten times that amount, but within seven years the start
of World War two, we were backed down to a
lower spend levels percentage GDP it had been I think
eleven point seven percent went down to eleven point four
percent because they realized this so once in a lifetime.
Speaker 1 (21:09):
Occurrence is an extraordinary.
Speaker 9 (21:11):
We had an increase spending for World War Two, but
then we came back down to pre war spending level.
What happened in the federal governments we went from four
point four to six point five and we've never looked back.
I don't know if a family who would if they
had an illness and they had to borrow fifty thousand
dollars to pay for medical bills. If that family member
got well, they would keep borrowing fifty thousand dollars in
(21:32):
spending that level, That's exactly what federal government's doing. So
again we have to return to a reasonable pre pandemic level.
I've been in the White House now twice with the
Finance Committee. The Budget Committee is seen like President Trump
was on board at that plus now only returned to
a reasonable pre pandemic level, which kind of the top
figure there is about six point five trillion versus seven
trillion we're spending right now. But also have a process
(21:57):
to achieve and maintain it. And by the way, on
must have shown us how to do it, line by line,
contract by contract. You have to take the time and
do the work. So I've always been in favor of
a multi sep process. Provide the border funding, the defense funding.
By the way, in the Senate bill, we would have
reduced spending by eight hundred and fifty billion dollars, more
(22:17):
than half what the House is try and achieve right now,
just in that first reconciliation bill. Then come back step two,
make sure that we take an automatic massive tax increase
off the table.
Speaker 1 (22:29):
Just extend current tax law. We could have already had.
Speaker 9 (22:31):
That done, but now we're in this, you know, then
we could be working on the big, old, complex, messy
negotiations in terms of getting spending down and also fulfilled
President Trump's promises, and you know, things like no cash,
no tax on. I would say cash tips would be
a pretty good thing to do. But again, we're involved
(22:52):
in this great, big bill. Beauty's in the eye of
the beholder, and right right now, there's enough, Senators, I
can tell you that that's not going to pay if
that's all the spending reduction we're going to realize.
Speaker 4 (23:03):
All right, Senator Johnson, appreciate you being with us and
that detailed assessment of what is in the big beautiful bill.
How much of the cuts I mean, I'm trying to
remember the numbers off and here you said we're at
a seven trillion dollar spending pre pandemic would be six
point five trillion, So that's a five hundred billion dollar,
a five hundred billion dollar gap or differential that we
(23:26):
have to address here. What would be the cuts that
would make up that five hundred billion. Is a lot
of this or any of this driven by the Doze recommendations?
And why sorry a lot of questions her, senator, and
why aren't other Republicans going along with this's what's happening here?
Speaker 9 (23:45):
Well, let me tell you what I'm scratching my head about.
So Elon Musk by the way, brilliant Doze. What Trump
and Elon did with Doze was brilliant. They've exposed all
this waste for an abuse. By the way, they've also
exposed how clueless and oblivious we all are in terms
of waste for odd abuse.
Speaker 1 (24:03):
So they've shown how to do it.
Speaker 9 (24:05):
The problem is we're not codifying it, you know, the
way you codify the discretionary side of what Doze finds
us through recision packages. Anything they find on the mandatory
side that i would be loaded into reconciliation. I'm not
aware of any recommendations of dose savings through reconciliation through
other mandatory spending. And in terms of decisions, we've been
hearing about a drum roll here, underwhelming nine billion dollars.
(24:30):
Now Elon has been saying they've been uncovering about four
point five.
Speaker 1 (24:33):
Billion dollars a day.
Speaker 9 (24:35):
They're head of pace because he said about a trillion dollars,
you know, by the end of the fiscal year. So
they've been in office one hundred days four point five billion.
That's four hundred fifty billion dollars, and they're talking about
a recision package of an underwhelming nine billion dollars, which
apparently is being held up because there's resistance here in
the House of the Senate.
Speaker 1 (24:55):
I mean, go figure.
Speaker 9 (24:57):
So again, Unfortunately, we have big spenders in our party.
And you know, listen, I ran in twenty ten because
we were more sure our children's future. We were fourteen
trillion dollars in debt. Now we're thirty seven trillion dollars
in debt. And again, what we're talking about is adding
another twenty trillion dollars to that debt. Even if we
(25:17):
pass a big beautiful bill again and let me add
as I do the math, this one big beautiful bill
would actually increase the deficit.
Speaker 1 (25:27):
It wouldn't decrease it. It actually increase the death sit.
Speaker 3 (25:31):
But where are the spending cuts? Can I just you
gotta remember for a lot of us were.
Speaker 9 (25:36):
It's it's literally across the board. Listen, we absolutely need
to reform Medicaid, and we've been talking to people. You
can you can squeeze probably a trillion dollars out of
Medicaid without touching benefits. Actually make Medicaid more secure for
disabled children by putting work requirements on the able bodied
that are being covered through Obamacare. Remember Medicaid, the out
(25:58):
of control of nature. Medicaid is Obamacare, you know, where
states are gaming the system, where they're doing these provider taxes,
which is a total financial scam. You know, the states say, hey,
give us two hundred dollars and then we'll go to
the federal government. They give us one hundred and eighty
dollars for that two hundred bucks. Then we'll come back
and give you two hundred dollars back. What a scam,
you know, what, what a chump. The federal government is
(26:18):
so Medicaid probably at least to trillion dollars. But again
you go line by line through twenty four hundred lines
of seven thousand billion dollars. Again, Elon Musk is showing it.
He's just scraping the surface, the tip of the iceberg.
You have to do the work. We're not willing to
do the work. You know, listen, I wrote the column
the Law Street Journal. We need a budget, a budget
(26:39):
review panel, Senators, House members, members of omb. They don't
want to do it. They don't want to do the work.
They want to slam this thing together. Take a look
at a couple of things like medicaid. You know, everything
else is saying, can touch that, can't touch that, can't
touch that. So they're not looking at all the detail.
They're not looking at the literally hundreds of billions of
dollars that if you didn't spend it. I don't think
anybody would even know it. But you have to do
(27:02):
the work. And I really can't give you the full
answer then, other than isn't it obvious based on what
Elon's already found scratching the surface that we ought to
be able to find one hundreds of billions again when
you're spending four thousand, four hundred billion in twenty nineteen,
now we're spending seven thousand billion dollars again.
Speaker 1 (27:19):
I gotta believe it now.
Speaker 9 (27:21):
If it's not there, yeah, I'll roll over and say, Okay,
that's as good as we can do. But we have
to go line by line, two thousands of lines of
budget sharing process.
Speaker 1 (27:30):
We have to do the work.
Speaker 2 (27:32):
We're talking to Senatorn Johnson and Wisconsin. I agree with
everything you said, and a lot of the people listening
to us right now agree with everything you said. And
one of the criticisms we get, and I'm sure you
hear it too, is if Democrats want to spend eight
trillion dollars and Republicans are willing to spend seven trillion dollars.
(27:52):
Let's just say, what are we really voting on here?
How much difference? This is the argument right the swamp,
How much difference is really being made if we're just
talking about gradations of how much debt we're going to undertake.
Speaker 9 (28:10):
Well, again, what we're looking at right now in the
bill is a one point six percent reduction over ten years,
take eighty nine point three trillion down to little under
eighty eight trillion dollars. Again, it's not even a rounding air.
I mean, that's how insignificant it really is. And so
basically we're talking about is we're basically codifying all of
(28:32):
the Biden spending, all the Biden COVID spending. I really
don't think people that voted for President Trump thought he
would continue to spend at Biden's levels. So again, I'll
keep going back to the numbers, because they are just
jaw dropping four point four to seven trillion dollars, fifty
eight percent increase, and all we can do is drop
it by one and a half percent.
Speaker 1 (28:53):
It's just it's pathetic. It's pathetic what happens.
Speaker 4 (28:57):
If we don't, if we don't do the work, as
you've been saying, what happens if we just say, you
know what, no one has the will. American people aren't
paying close enough attention. Let's just keep on rolling this
train down the road. What do you see in the future.
Speaker 9 (29:11):
Well, again, what I've been trying to convince the president
of and leadership is, let's go back to the multiple
step approach. Get the border funding, get defense fun funding.
Pocket about eight hundred and fifty billion dollars of savings.
I think the House has found at least that. Let's
pocket that, then just extend current tax law, take that
out the table. That put us in pretty good shape.
That returns an awful lot of certainty to the economy.
(29:35):
But you know, bottom line, guys, I mean, if we're
not willing to reduce spending to a reasonable pre pandemic
level and we still have deficits of one point seven
to one point eight two trillion dollars some point in time,
I guess we're gonna have to pay for those and
maybe have to let tax race increase. I think that's
a terrible idea. I don't want to do it. I
don't need anything in return, I wouldn't bargain anything. It'd
(29:58):
be a one sense bill, just stand current tax law.
Because because if we would have been smart enough back
in twenty seventeen, if we would have had Chairman Crapo
who said, hey, guys, let's use current policy. There's no
score there. This can all be permanent, it doesn't have
to automatically expire. But we weren't smart. That was a blunder.
It was a huge blunder. So if we could have
(30:19):
done it back then, we would have. So I don't
want to score. I just want to extend current tax
law as awful as it is. Get that done, and
then we could take the time to go line by line.
We could also be much more thoughtful in terms of
the tax system. I would love to simplify and rationalize
our tax system while we were providing the type of
relief to working men and women the President Trump campaigned on,
(30:41):
I'd love to do that. We won't get that done
in two weeks. We won't get that done by July fourth.
We'll end up with a really ugly bill that actually
increased the depthsit and we blow our one opportunity. This
is a once in a lifetime opportunity to reset federal
spending that has been exploded by Democrats, the initial pandemic spending.
Speaker 1 (31:01):
That was biparison.
Speaker 9 (31:02):
But we never should We should have returned to pre
pandemic spending back in twenty twenty one, twenty twenty two.
Speaker 1 (31:08):
We haven't done it.
Speaker 2 (31:10):
Thank you for coming on making this case. I agree
with everything Senator Ron Johnson just said. If people agree
with you, what would you ask them to do that
are listening to us right now?
Speaker 9 (31:21):
Call their house members, call their senators, call the White House.
Tell them we again, spending is a problem. I've got
a great video on my on my x page that
everybody's saying, we don't have around new problem. We have
a spending problem from the President on down. Send that
to them. Take a look at that video. It runs
about a minute thirty. That's what we told our supporters.
We don't have a round new problem. We have a
(31:42):
spending problem. The final question is sorry, we're willing to
fix it right now? It doesn't look like we are.
Speaker 2 (31:48):
Thank you for coming on making the case. We will
share that and in the meantime, best of luck as
we move through this process.
Speaker 1 (31:57):
Every day.
Speaker 3 (31:58):
That's Senator Ron Johnson. I agree with everything he said.
Speaker 2 (32:01):
I think that going back to the baseline pre COVID
budget makes a ton of sense. And you and I
agree that this thirty seven trillion dollar budget deficit at
some point has to be addressed. We're sort of living
in a magical world where we pretend that that deficit
isn't real. And if you look at what SO security,
(32:22):
if you look at what medicare, Medicaid and interest is
eating up on the budget, there's just not that much
outside of that arena that can be cut that is
going to get us back to a balanced budget. I
think it's like eighty six percent of the budget is
so security, Medicare, Medicaid, and now interest on the national debt.
(32:43):
By the way, interests would be helped a bit if
we could get the Fed in action to start cutting
interest rates. And Trump was right when he wanted to
lock in Remember he asked an interesting question. I never
heard anybody really answer it, but he said, like, hey,
can we lock in the interest rate as a country,
and back in the COVID days, we should have done that.
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Speaker 7 (34:21):
Sometimes all you can do is laugh, and they do
a lot of it with the Sunday Hang.
Speaker 3 (34:27):
Join Clay and Buck as they.
Speaker 7 (34:29):
Lap it up in the Clay and Buck podcast feed
on the iHeartRadio app or wherever you get your podcasts.
Speaker 3 (34:35):
Welcome back into Clay and Buck.
Speaker 4 (34:37):
We'll be taking your calls here momentarily. Also want to
tell you to make sure that you are drinking some
delicious Crocket coffee. I'm holding up the Mushroom blend. Those
you haven't tried it, you will love mushroom coffee. I
think it's got all kinds of cool health benefits. It's
got half the coffee in normal coffee. And if you've
never had it before, Crocket is a great place to
(34:58):
start at a Rocket Coffee dot Com subscribe if it's like
normal coffee, old school coffee, we got all that too,
and it is delicious and ten percent of the profits
goes to the Tunnel to Towers Foundation, and mister Clay
and I are excited that. Well one thing you can
also you can get code book and a copy I
(35:18):
had to run up the stairs clay copy of American Playbook.
So that's a cool thing to do a Crocketcoffee dot com.
I also saw that they are saying there's going to
be a remake of the Goonies. I am excited about this.
This is one of the great movies of my childhood.
Do you trust that the Goonies Roommate Goonies remake will
(35:39):
pay homage to the original and be solid?
Speaker 1 (35:42):
No?
Speaker 2 (35:43):
But I don't because they've ruined so many of the
classic movies of the nineteen eighties with remakes, and so
in general, I am not confident when Hollywood remakes anything.
I would say I encourage all of you to go
check out the original Goonies, which even if you don't
(36:04):
have kids, maintains its viability as a phenomenal nineteen eighties
a phenomenal nineteen eighties movie. And by the way, I
keep looking at my phone buck in addition to waiting
to see who the Pope is going to be, Biden's
interview on the View, Oh yeah, is more disastrous than
I thought. Biden's Interview on the View could have possibly been.
(36:28):
We got our man in Vatican City. Raymond Arroyo who
is going to join, just like you did yesterday. As
soon as we know who the pope is, we know
there's a pope. We don't know who the pope is yet.
As soon as the word is out, our man on
the ground.
Speaker 4 (36:42):
At the Vatican's gonna call in and tell us everything
we need to know. But other than that, it's just
speculation right now. Apparently not Pope Pizza Bagel, which is sad,
but it is one of the other popes. We'll let
you know when we know. We are on it. We
are live and we have great eyes on the situation
(37:02):
from Raymond Arroyo. So we'll also talk about the view here, Biden.
But at the second we get a breakthrough on the pope,
when we know who the pope is, you will know
who the Pope is.
Speaker 3 (37:11):
So stay with us.
Speaker 2 (37:13):
Think you do
Welcome in.
Speaker 2 (00:01):
It is the Thursday edition. Clay Travis buck Sexton show.
A lot of different breaking news, many different fronts. We're
going to try to keep you updated on everything. Let
me hit you right off the top. Columbia University major
protests as the library was taken over last night, lots
(00:22):
of people arrested. It seems like there might finally be
some consequences for these crazy looney bin college protesters. We
will discuss that story with you just now. I believe
he is still speaking in the White House, Trump announcing
a major trade deal with England that has sent stocks
(00:42):
soaring yet again. You've noticed probably that as the stock
market has been increasing, suddenly there is no reference to
the stock market. I believe I'm correct in this on
CNN and on MSNBC. Stock market SMP five hundred up
one point three percent.
Speaker 3 (01:03):
Now this morning.
Speaker 2 (01:05):
And to kind of put that in context, all of
the collapse in stock prices that happened in April has
been eradicated. If you bought near the low, you are
approaching a twenty percent increase in your value. If you
just held on like we told all of you to do.
Channeling Warren Buffett, don't overreact. Don't let MSNBC and CNN
(01:31):
drive you bonkers. You are essentially, as I am speaking
to you right now, stocks are at the exact same
valuation they were right before Trump was elected president, exact
same price as they were on November fourth. So we
have effectively basically got stocks right where they were when
(01:51):
Trump was elected. All of that matters because Trump is
right now speaking he said, hey, you know what, if
we can would actually get the Fed to cut interest rates,
we would have even faster growth coming forward. But I
think the attack on Trump for stock prices is going
to go the way of the attack on Trump for
(02:13):
kilmar a Brao Garcia. That is, it's going to vanish
and they're going to pretend they never said it ever
in the past, which.
Speaker 3 (02:23):
Is a good sign.
Speaker 4 (02:25):
Yes, you know, kill Mark Obrego Garcia. They're running out
of room on that one. He's not a human trafficker,
He's a homo sapien entrepreneur.
Speaker 3 (02:36):
Even yeah, it's very funny.
Speaker 2 (02:37):
Even Buck, they've stopped referring to him as a Maryland
dad and they're now calling him an El Salvadoran. Even
the legacy media is like, well, maybe this guy wasn't
just a Maryland dad. He was in fact a human trafficker,
according to multiple reports.
Speaker 4 (02:51):
Now they used to have the ability, and I mean
they had it, really, they had it until this last election.
At some level, I think it's truly gone now, Clay.
Where they could force feed a narrative and make Trump
and his team play defense no matter how crazy, no
matter how wrong, how big the lie, they just can't
really do that anymore. The opposition that the counter punch
(03:14):
from Trump, from this White House, from the media, from
this show, from you know, other big shows out there
that are doing great work, the CounterPunch is too much
for them now. So they again it's not just they
have no messaging as a party. Their ability to force
feed messaging is not what it used to be by
a long shot.
Speaker 2 (03:33):
Okay, Biden on the View will have some cuts for that.
We're gonna play cuts for Trump in the White House
talking about the new deal with Great Britain. But I
am told there is also white smoke, meaning we now
have a new pope.
Speaker 3 (03:49):
We do not yet.
Speaker 2 (03:50):
I'm scrolling through social media to try to catch up
with the absolute latest. We do not yet have a name.
Is that correct?
Speaker 3 (03:58):
Team?
Speaker 2 (03:58):
The name has not leaked the new pope, but the
white smoke is now out over the Vatican City and
we are going to end up with a new pope.
I would imagine in short order we will have a
name of the new Pope and we will see whether
or not we have any any knowledge to share with
(04:21):
you of the new popes. Okay, a bunch of different
things out there, let's start with this. I mentioned the
stock market is surging and the news stories out there
as everyone is preparing for the new pope. But we'll
get you that. In the meantime, Trump with the Prime
Minister of Great Britain, they are breaking down everything having
(04:46):
to do.
Speaker 3 (04:46):
With this new deal. And I want to start with
cut one.
Speaker 2 (04:49):
Trump announcing a brand new trade deal between America and
the UK.
Speaker 5 (04:53):
This is a very special day because it's Victory Day
World War two May eight, and just by instance, we
have the Prime Minister on the phone and we were
great allies in that and it's very unusual that the
trade deal comes to and we signed it up on
the same day that we had a great victory, the
greatest victory of them all. So we are talking more
(05:14):
and more about Victory Day because we were a big
part of it, and so was the UK. And it's just,
I guess, I don't know.
Speaker 1 (05:22):
What you call it.
Speaker 5 (05:23):
It's just incredible that that day is the same day
that we signed a tremendous trade deal for both countries.
Speaker 2 (05:30):
Okay, that we should mention as well eightieth anniversary of
victory in Europe day one of the greatest days in
the history of Western civilization. Frankfully Thankfully cut four is
the British ambassador to the US, praising Trump for getting
this new trade deal done.
Speaker 3 (05:49):
Listen to that.
Speaker 6 (05:50):
You've done what you said you would do. You said
to the Prime Minister when he came and we visited
in the Oval, that you would do a good trade
deal with the United Kingdom, that you would do it
at pace, and that we would be first. And you
have delivered that. You know, you've been true to your words.
(06:10):
So thank you very much indeed for that.
Speaker 2 (06:15):
So that is the resolution we're going to have. We
told you this was going to happen. You can criticize Trump,
but did anybody really think that he was not going
to allow the stock market to flourish? I mean, this
is of all the criticisms of Trump, maybe the most
ludicrous out there. I would suspect buck, and we have
told people this would be likely happening. We will see
(06:36):
in short order rapid rollouts of a variety of different
major new trade agreements that will ultimately lead to the
US and China being on an island squaring each other
off as it pertains to the trade related battles. And
I think that's going to be decided. I predicted by August.
(06:57):
So the markets are increasingly becoming it seems to me
cognizant of that fact. And we hope you held onto
your stocks. Then if you bought any down down in
the gully, you are you're walking really strong today.
Speaker 4 (07:12):
Well, do we have to start getting you to do
at least a segment of the show with like French
cuffs and suspenders and maybe a monogrammed dress shirt on,
you know, like old school Wall Street guys, Gordon Gecko
a La Wall Street, which is a movie that holds up,
by the way, fantastic. Yes, Clay, you gave everyone very
good advice. The advice is bet on America, and Trump
(07:35):
knows what he's doing. If we were to summarize this right,
I think that's fair America and Trump knows what he's doing.
And I think that those simple, straightforward principles, almost Warren
Buffett like in their truism and their simplicity, have have
shown that everyone need there's no need for panic. Anything
like that was absurd. But it also shows you that
(07:55):
a lot of the people who are supposed to be
making a living telling you what's going on in the
markets have no idea what the heck they're talking about.
Speaker 3 (08:01):
Yeah, oh my.
Speaker 1 (08:02):
Gosh, you know all the hedge fund money's out.
Speaker 4 (08:04):
Oh yeah, trust me, the hedge funds have to chase
returns or else people put their money somewhere else. So
they're not just going to take the money out of
the market and sit on the sidelines. Okay, So that
all is to the good. And we still don't have
the name of the pope, the new Pope, which is
exciting for all of us who are Catholic. I've got
to figure out, Clay, how to get my son baptist?
(08:25):
Are your kids baptized? I gotta figure out how to
get my boy baptis. Well, you get sprinkled right in
the Catholic faith. I mean, don't you get sprinkled? Is
that like a special thing? And you just get baptized.
It's like pour water over the head.
Speaker 3 (08:38):
No.
Speaker 2 (08:39):
No, baptism, no, no, no. Baptism is like old school, like
you have to be dunked. You know, you don't babies.
You don't dunk babies. No, you sprinkled, you sprinkled the babies.
Oh yeah, the Baptists back in the day. I got Yeah,
I got fully immersed. Oh, of course it's a baby clay.
They don't they don't like throw it in the river
and see what happens. Yeah, we know a little know
(09:00):
I'm saying, but there is no full immersion in the
Catholic faith, right, Like you never put on like walking
you know, waiting boots and uh and go in and
get fully immersed under the water.
Speaker 4 (09:09):
You're really putting me on on the there's so many
listening who know more about this than me. When I
was in Jesuit school, theology at Regis was a real
course that people failed, Like you had to actually do homework.
It wasn't something it wasn't like an extra recess period.
It was basically church history and theology, I mean, uh,
and doctrine rather in theology class. And yeah, it's been
(09:31):
a little while since the jesuit.
Speaker 7 (09:32):
No.
Speaker 2 (09:32):
No, Look in the Baptist church there is a water
like a pool behind the choir and during the actual ceremony. Now,
I'm assuming that some of these churches don't have an
actual swimming pool in them, and you go out to
a local river or whatever else. But the church that
I went to, first Baptist Church, Goodletsville, Tennessee. Still there
(09:54):
you got fully immersed in the actual Uh, in the
actual sarah. I mean you would be up there the
uh you get dunked, you go under water being full immersion.
Were you Were you ever in the choir?
Speaker 4 (10:08):
No, I'm told you got out because of your flute playing,
right like you got a flute play.
Speaker 3 (10:13):
I told you this.
Speaker 2 (10:14):
I was in chorus in in high school and they.
Speaker 3 (10:18):
Told me not to sing.
Speaker 2 (10:19):
So I announced, I announced the songs that the that
my high school choral group would sing.
Speaker 3 (10:27):
Uh.
Speaker 2 (10:27):
So I'm tone deaf. I'm not allowed other than my
flute playing, which is, you know, beautiful and majestic and
angel like. I don't really have any musical talents.
Speaker 4 (10:38):
Also, also tell you, guys, as we're sitting here looking
at some of the exciting trade deal information. Uh, the
the win of a big trade deal with the UK.
There's more of these coming and it's all right. And
the thing is, clearly there's momentum to this because you
get one big one done, well okay, everyone knows another
big one can happen and the next on the list.
And Trump has made this clear all along. You come forward,
(11:00):
you want to make a deal, now, that's great. You
want to be a pain in the butt like China,
and you want to force our hand and you want
to make things tough. It's going to be rougher on
you down the line. So the incentive is to get
a deal going here which makes sense for everybody. And
I think that that means, Look, the market's already showing
that people are feeling like, okay, there is a way
through this, there is a way forward that actually is
(11:21):
better or rather is going to improve things, and that's great.
We've also got some phenomenal guests today. We have a
stacked show of guests, so we wanted to give you
a quick preview of that. Twelve thirty so that's coming
up here Eastern time, coming up here in about twenty minutes.
We've got Senator Ron Johnson is going to be with us.
Then second hour, we have the would be now withdrawn
(11:42):
US attorney. He was acting US attorney for DC Ed Martin. Look,
we want to talk to him. We want to chat
with him about what happened here and why did Tom
Tillis stand in the way. Trump has also spoken on that.
We can give you the latest update on that. And
then our friend former Navy Seal Dave Rutherford, we'll be
talking to us in the third hour. Got some great
things to dive into with him. So we've got a
(12:05):
rock and show today. But top of the show victory
for Trump big trade deal. And I haven't gotten to
the deportation numbers yet, which Tom Homan has shared, which
are looking very strong for the first hundred days.
Speaker 3 (12:17):
I don't know.
Speaker 2 (12:17):
Again, I've already been excommunicated from the Faith for talking
about this. But the gambling markets tell us that Pietro
Perlin is going to be the next Pope. His odds
in the live gambling markets have skyrocketed to suggest I've not.
Speaker 4 (12:34):
Seen Safi wanted pizza Bagel because Pope Pizza Bagel sounded
like that was going to be a lot of fun.
Speaker 2 (12:39):
Pizza Ball would have been. It would have sold a
lot of T shirts and my wife said she was
rooting for him. But Pietro Perolin, who was yesterday, we
talked with Raymond Royo. Maybe Raymond can call us today
from inside of Vatican City because his predictions that it
was going to happen pretty quickly appear correct. But he
has the Pietro Perilin is now a massive favorite. So
(13:02):
we'll see if the betting markets know what they're talking
about as the actual pope. The white smoke is out.
A pope has been elected, but we do not know
exactly which one has been announced yet.
Speaker 4 (13:15):
We'll be bringing you more on that in just a
matter of moments here. You know, there was a study
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Speaker 7 (14:46):
Making America great Again isn't just one man, It's many.
The Team forty seven podcast Sunday's at noon Eastern in
the Clay and Buck podcast feed, find it on the
iHeartRadio app or wherever you can yeah your podcasts.
Speaker 2 (15:01):
Hey Buck, one of my kids called me an unk
the other day, and unk yep slang evidently for not
being hip, being an old dude.
Speaker 1 (15:08):
So how do we ununk?
Speaker 2 (15:10):
You get more people to subscribe to our YouTube channel.
At least that's to what my kids tell me.
Speaker 4 (15:15):
That's simple enough. Just search the Klay Travis en Buck
Sexton Show and hit the subscribe button.
Speaker 2 (15:19):
Takes less than five seconds to help ununk me. Do
it for Clay, do it for freedom, and get great
content while you're there the Klay Travis en Buck Sexton
Show YouTube channel. We're talking out to Senator Ron Johnson
here in just a few minutes. Yes, we shouldn't. Well, No,
we are allowed to have favorites among our senators. He's
one of our favorites. He's great.
Speaker 4 (15:38):
Yes, he listens up there in Wisconsin. I was gonna say,
we can't choose amongst our favorite Republicans. Yeah, actually we
can because Senator Tom Tillis is not on the list.
He's on the naughty list right now, he would be
getting a lump of coal in his Maga stocking for
standing the way with Ed Martin, whom we also have
on the program in the second hour, who we'll be
talking to you about all.
Speaker 2 (15:58):
I think it's pretty cowardly to not come on this
show if you are a Republican. So I mean, we're
number one in large parts of his state, and he
could talk probably to more of his constituents on this
radio program than any single mechanism of speech right now
(16:18):
that he could undertake, and his staff, to my knowledge,
Greg and correct me if I'm wrong, has not even
responded to the invitation to come on the program.
Speaker 4 (16:28):
No, we're getting We're getting faucit.
Speaker 8 (16:31):
Sorry, I don't have time amidst all my MSNBC and
triple masking obligations to make time for your show. It's
only on five hundred and seventy radio stations.
Speaker 4 (16:45):
Apologies. Yeah, he's he's given us the Fauci treatment here.
We used to invite Fauci on the show. That would
have been fun. Yes, we're gonna be talking here to
Aron John in just a few minutes about where we
are with the budget and and the whole big beautiful
bill because remember Trump has got all these pieces moving simultaneously,
(17:06):
and there's been a lot of wins already, but the
best clay is yet to come, no question about it.
Trump is, i will say, a little annoyed about what's
going on with the Fed. He put this out just
a few hours ago on truth Social too late. Jerome
Powell is a fool who doesn't have a clue other
than that I like him very much.
Speaker 2 (17:27):
To be fair, Jerome Powell was one billion percent wrong
on everything related to inflation.
Speaker 4 (17:36):
What Trump is saying, he says oil and energy way down,
almost all costs, groceries and eggs down virtually no inflation,
tariff money pouring in the exact opposite of too late.
Speaker 3 (17:47):
Enjoy.
Speaker 2 (17:49):
I will say this is something people can look forward to.
The price of gas is going to be really really
low at your gas stations very soon. And that is
one way that people judge cost of goods more than
anything else, because when you stand there with a gas
pump in your hand and you watch those dollars roll up,
you're going to see gas prices. This is a prediction
(18:11):
lower than at any point in the entire Biden era.
Just about very very soon. Now I know it's summer
driving season. Prices go up a bit, but the numbers
are going to be very.
Speaker 4 (18:23):
Low in a rainfall this time of year is something
we have to contend with if you've gotten a bunch
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downpours can clog your gutters anywhere in the country. When
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Speaker 2 (19:25):
Ron Johnson, Senator from Wisconsin, lots to dive into with him,
Appreciate him as always hopping on the show with us,
and let's start right here off the top. Senator, a
lot of discussion that the so called big beautiful Bill
will be done by Memorial Day. What can you tell
us about the progress?
Speaker 3 (19:44):
What do you like? What do you not like about
the bill so far?
Speaker 9 (19:50):
Well, guys, well, I hate to be the skunk in
the room. Let me give you some numbers. Twenty nineteen,
we spent four point four trillion dollars this year, spend
a little over seven trillion.
Speaker 1 (20:02):
That's a fifty eight percent increase.
Speaker 9 (20:04):
Over the next ten years, CBO estimates we will spend
a whopping eighty nine point three trillion dollars and grow
our debt by almost twenty two trillion dollars. So what
the House is working on right now is a spending reduction.
It sounds big, of one point five trillion dollars, but
you compare that to eighty nine point three that's one
(20:27):
point six eight percent reduction, one point five trillion versus
eighty nine point three trillion. And by the way, the
way normally these spending reductions occur, they occur in the
out years when there's the probability that they'll never be
actually realized.
Speaker 1 (20:43):
Now in more serious times.
Speaker 9 (20:46):
During World War two, spending increased five seventy eight percent, okay,
ten times that amount, but within seven years the start
of World War two, we were backed down to a
lower spend levels percentage GDP it had been I think
eleven point seven percent went down to eleven point four
percent because they realized this so once in a lifetime.
Speaker 1 (21:09):
Occurrence is an extraordinary.
Speaker 9 (21:11):
We had an increase spending for World War Two, but
then we came back down to pre war spending level.
What happened in the federal governments we went from four
point four to six point five and we've never looked back.
I don't know if a family who would if they
had an illness and they had to borrow fifty thousand
dollars to pay for medical bills. If that family member
got well, they would keep borrowing fifty thousand dollars in
(21:32):
spending that level, That's exactly what federal government's doing. So
again we have to return to a reasonable pre pandemic level.
I've been in the White House now twice with the
Finance Committee. The Budget Committee is seen like President Trump
was on board at that plus now only returned to
a reasonable pre pandemic level, which kind of the top
figure there is about six point five trillion versus seven
trillion we're spending right now. But also have a process
(21:57):
to achieve and maintain it. And by the way, on
must have shown us how to do it, line by line,
contract by contract. You have to take the time and
do the work. So I've always been in favor of
a multi sep process. Provide the border funding, the defense funding.
By the way, in the Senate bill, we would have
reduced spending by eight hundred and fifty billion dollars, more
(22:17):
than half what the House is try and achieve right now,
just in that first reconciliation bill. Then come back step two,
make sure that we take an automatic massive tax increase
off the table.
Speaker 1 (22:29):
Just extend current tax law. We could have already had.
Speaker 9 (22:31):
That done, but now we're in this, you know, then
we could be working on the big, old, complex, messy
negotiations in terms of getting spending down and also fulfilled
President Trump's promises, and you know, things like no cash,
no tax on. I would say cash tips would be
a pretty good thing to do. But again, we're involved
(22:52):
in this great, big bill. Beauty's in the eye of
the beholder, and right right now, there's enough, Senators, I
can tell you that that's not going to pay if
that's all the spending reduction we're going to realize.
Speaker 4 (23:03):
All right, Senator Johnson, appreciate you being with us and
that detailed assessment of what is in the big beautiful bill.
How much of the cuts I mean, I'm trying to
remember the numbers off and here you said we're at
a seven trillion dollar spending pre pandemic would be six
point five trillion, So that's a five hundred billion dollar,
a five hundred billion dollar gap or differential that we
(23:26):
have to address here. What would be the cuts that
would make up that five hundred billion. Is a lot
of this or any of this driven by the Doze recommendations?
And why sorry a lot of questions her, senator, and
why aren't other Republicans going along with this's what's happening here?
Speaker 9 (23:45):
Well, let me tell you what I'm scratching my head about.
So Elon Musk by the way, brilliant Doze. What Trump
and Elon did with Doze was brilliant. They've exposed all
this waste for an abuse. By the way, they've also
exposed how clueless and oblivious we all are in terms
of waste for odd abuse.
Speaker 1 (24:03):
So they've shown how to do it.
Speaker 9 (24:05):
The problem is we're not codifying it, you know, the
way you codify the discretionary side of what Doze finds
us through recision packages. Anything they find on the mandatory
side that i would be loaded into reconciliation. I'm not
aware of any recommendations of dose savings through reconciliation through
other mandatory spending. And in terms of decisions, we've been
hearing about a drum roll here, underwhelming nine billion dollars.
(24:30):
Now Elon has been saying they've been uncovering about four
point five.
Speaker 1 (24:33):
Billion dollars a day.
Speaker 9 (24:35):
They're head of pace because he said about a trillion dollars,
you know, by the end of the fiscal year. So
they've been in office one hundred days four point five billion.
That's four hundred fifty billion dollars, and they're talking about
a recision package of an underwhelming nine billion dollars, which
apparently is being held up because there's resistance here in
the House of the Senate.
Speaker 1 (24:55):
I mean, go figure.
Speaker 9 (24:57):
So again, Unfortunately, we have big spenders in our party.
And you know, listen, I ran in twenty ten because
we were more sure our children's future. We were fourteen
trillion dollars in debt. Now we're thirty seven trillion dollars
in debt. And again, what we're talking about is adding
another twenty trillion dollars to that debt. Even if we
(25:17):
pass a big beautiful bill again and let me add
as I do the math, this one big beautiful bill
would actually increase the deficit.
Speaker 1 (25:27):
It wouldn't decrease it. It actually increase the death sit.
Speaker 3 (25:31):
But where are the spending cuts? Can I just you
gotta remember for a lot of us were.
Speaker 9 (25:36):
It's it's literally across the board. Listen, we absolutely need
to reform Medicaid, and we've been talking to people. You
can you can squeeze probably a trillion dollars out of
Medicaid without touching benefits. Actually make Medicaid more secure for
disabled children by putting work requirements on the able bodied
that are being covered through Obamacare. Remember Medicaid, the out
(25:58):
of control of nature. Medicaid is Obamacare, you know, where
states are gaming the system, where they're doing these provider taxes,
which is a total financial scam. You know, the states say, hey,
give us two hundred dollars and then we'll go to
the federal government. They give us one hundred and eighty
dollars for that two hundred bucks. Then we'll come back
and give you two hundred dollars back. What a scam,
you know, what, what a chump. The federal government is
(26:18):
so Medicaid probably at least to trillion dollars. But again
you go line by line through twenty four hundred lines
of seven thousand billion dollars. Again, Elon Musk is showing it.
He's just scraping the surface, the tip of the iceberg.
You have to do the work. We're not willing to
do the work. You know, listen, I wrote the column
the Law Street Journal. We need a budget, a budget
(26:39):
review panel, Senators, House members, members of omb. They don't
want to do it. They don't want to do the work.
They want to slam this thing together. Take a look
at a couple of things like medicaid. You know, everything
else is saying, can touch that, can't touch that, can't
touch that. So they're not looking at all the detail.
They're not looking at the literally hundreds of billions of
dollars that if you didn't spend it. I don't think
anybody would even know it. But you have to do
(27:02):
the work. And I really can't give you the full
answer then, other than isn't it obvious based on what
Elon's already found scratching the surface that we ought to
be able to find one hundreds of billions again when
you're spending four thousand, four hundred billion in twenty nineteen,
now we're spending seven thousand billion dollars again.
Speaker 1 (27:19):
I gotta believe it now.
Speaker 9 (27:21):
If it's not there, yeah, I'll roll over and say, Okay,
that's as good as we can do. But we have
to go line by line, two thousands of lines of
budget sharing process.
Speaker 1 (27:30):
We have to do the work.
Speaker 2 (27:32):
We're talking to Senatorn Johnson and Wisconsin. I agree with
everything you said, and a lot of the people listening
to us right now agree with everything you said. And
one of the criticisms we get, and I'm sure you
hear it too, is if Democrats want to spend eight
trillion dollars and Republicans are willing to spend seven trillion dollars.
(27:52):
Let's just say, what are we really voting on here?
How much difference? This is the argument right the swamp,
How much difference is really being made if we're just
talking about gradations of how much debt we're going to undertake.
Speaker 9 (28:10):
Well, again, what we're looking at right now in the
bill is a one point six percent reduction over ten years,
take eighty nine point three trillion down to little under
eighty eight trillion dollars. Again, it's not even a rounding air.
I mean, that's how insignificant it really is. And so
basically we're talking about is we're basically codifying all of
(28:32):
the Biden spending, all the Biden COVID spending. I really
don't think people that voted for President Trump thought he
would continue to spend at Biden's levels. So again, I'll
keep going back to the numbers, because they are just
jaw dropping four point four to seven trillion dollars, fifty
eight percent increase, and all we can do is drop
it by one and a half percent.
Speaker 1 (28:53):
It's just it's pathetic. It's pathetic what happens.
Speaker 4 (28:57):
If we don't, if we don't do the work, as
you've been saying, what happens if we just say, you
know what, no one has the will. American people aren't
paying close enough attention. Let's just keep on rolling this
train down the road. What do you see in the future.
Speaker 9 (29:11):
Well, again, what I've been trying to convince the president
of and leadership is, let's go back to the multiple
step approach. Get the border funding, get defense fun funding.
Pocket about eight hundred and fifty billion dollars of savings.
I think the House has found at least that. Let's
pocket that, then just extend current tax law, take that
out the table. That put us in pretty good shape.
That returns an awful lot of certainty to the economy.
(29:35):
But you know, bottom line, guys, I mean, if we're
not willing to reduce spending to a reasonable pre pandemic
level and we still have deficits of one point seven
to one point eight two trillion dollars some point in time,
I guess we're gonna have to pay for those and
maybe have to let tax race increase. I think that's
a terrible idea. I don't want to do it. I
don't need anything in return, I wouldn't bargain anything. It'd
(29:58):
be a one sense bill, just stand current tax law.
Because because if we would have been smart enough back
in twenty seventeen, if we would have had Chairman Crapo
who said, hey, guys, let's use current policy. There's no
score there. This can all be permanent, it doesn't have
to automatically expire. But we weren't smart. That was a blunder.
It was a huge blunder. So if we could have
(30:19):
done it back then, we would have. So I don't
want to score. I just want to extend current tax
law as awful as it is. Get that done, and
then we could take the time to go line by line.
We could also be much more thoughtful in terms of
the tax system. I would love to simplify and rationalize
our tax system while we were providing the type of
relief to working men and women the President Trump campaigned on,
(30:41):
I'd love to do that. We won't get that done
in two weeks. We won't get that done by July fourth.
We'll end up with a really ugly bill that actually
increased the depthsit and we blow our one opportunity. This
is a once in a lifetime opportunity to reset federal
spending that has been exploded by Democrats, the initial pandemic spending.
Speaker 1 (31:01):
That was biparison.
Speaker 9 (31:02):
But we never should We should have returned to pre
pandemic spending back in twenty twenty one, twenty twenty two.
Speaker 1 (31:08):
We haven't done it.
Speaker 2 (31:10):
Thank you for coming on making this case. I agree
with everything Senator Ron Johnson just said. If people agree
with you, what would you ask them to do that
are listening to us right now?
Speaker 9 (31:21):
Call their house members, call their senators, call the White House.
Tell them we again, spending is a problem. I've got
a great video on my on my x page that
everybody's saying, we don't have around new problem. We have
a spending problem from the President on down. Send that
to them. Take a look at that video. It runs
about a minute thirty. That's what we told our supporters.
We don't have a round new problem. We have a
(31:42):
spending problem. The final question is sorry, we're willing to
fix it right now? It doesn't look like we are.
Speaker 2 (31:48):
Thank you for coming on making the case. We will
share that and in the meantime, best of luck as
we move through this process.
Speaker 1 (31:57):
Every day.
Speaker 3 (31:58):
That's Senator Ron Johnson. I agree with everything he said.
Speaker 2 (32:01):
I think that going back to the baseline pre COVID
budget makes a ton of sense. And you and I
agree that this thirty seven trillion dollar budget deficit at
some point has to be addressed. We're sort of living
in a magical world where we pretend that that deficit
isn't real. And if you look at what SO security,
(32:22):
if you look at what medicare, Medicaid and interest is
eating up on the budget, there's just not that much
outside of that arena that can be cut that is
going to get us back to a balanced budget. I
think it's like eighty six percent of the budget is
so security, Medicare, Medicaid, and now interest on the national debt.
(32:43):
By the way, interests would be helped a bit if
we could get the Fed in action to start cutting
interest rates. And Trump was right when he wanted to
lock in Remember he asked an interesting question. I never
heard anybody really answer it, but he said, like, hey,
can we lock in the interest rate as a country,
and back in the COVID days, we should have done that.
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Speaker 7 (34:21):
Sometimes all you can do is laugh, and they do
a lot of it with the Sunday Hang.
Speaker 3 (34:27):
Join Clay and Buck as they.
Speaker 7 (34:29):
Lap it up in the Clay and Buck podcast feed
on the iHeartRadio app or wherever you get your podcasts.
Speaker 3 (34:35):
Welcome back into Clay and Buck.
Speaker 4 (34:37):
We'll be taking your calls here momentarily. Also want to
tell you to make sure that you are drinking some
delicious Crocket coffee. I'm holding up the Mushroom blend. Those
you haven't tried it, you will love mushroom coffee. I
think it's got all kinds of cool health benefits. It's
got half the coffee in normal coffee. And if you've
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(34:58):
start at a Rocket Coffee dot Com subscribe if it's like
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and it is delicious and ten percent of the profits
goes to the Tunnel to Towers Foundation, and mister Clay
and I are excited that. Well one thing you can
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(35:18):
had to run up the stairs clay copy of American Playbook.
So that's a cool thing to do a Crocketcoffee dot com.
I also saw that they are saying there's going to
be a remake of the Goonies. I am excited about this.
This is one of the great movies of my childhood.
Do you trust that the Goonies Roommate Goonies remake will
(35:39):
pay homage to the original and be solid?
Speaker 1 (35:42):
No?
Speaker 2 (35:43):
But I don't because they've ruined so many of the
classic movies of the nineteen eighties with remakes, and so
in general, I am not confident when Hollywood remakes anything.
I would say I encourage all of you to go
check out the original Goonies, which even if you don't
(36:04):
have kids, maintains its viability as a phenomenal nineteen eighties
a phenomenal nineteen eighties movie. And by the way, I
keep looking at my phone buck in addition to waiting
to see who the Pope is going to be, Biden's
interview on the View, Oh yeah, is more disastrous than
I thought. Biden's Interview on the View could have possibly been.
(36:28):
We got our man in Vatican City. Raymond Arroyo who
is going to join, just like you did yesterday. As
soon as we know who the pope is, we know
there's a pope. We don't know who the pope is yet.
As soon as the word is out, our man on
the ground.
Speaker 4 (36:42):
At the Vatican's gonna call in and tell us everything
we need to know. But other than that, it's just
speculation right now. Apparently not Pope Pizza Bagel, which is sad,
but it is one of the other popes. We'll let
you know when we know. We are on it. We
are live and we have great eyes on the situation
(37:02):
from Raymond Arroyo. So we'll also talk about the view here, Biden.
But at the second we get a breakthrough on the pope,
when we know who the pope is, you will know
who the Pope is.
Speaker 3 (37:11):
So stay with us.
Speaker 2 (37:13):
Think you do
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