Episode Transcript
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Speaker 1 (00:00):
Good morning, Cooner country. Okay, my friends, massive developments now
over the last maybe twenty hours, eighteen hours. So here
is now what is taking place. Elon Musk has now
fully come out against Trump's big beautiful bill, and it
(00:26):
is now shaken MAGA. Many now of Trump's supporters are
actually siding with Elon as we find out more and
more about what's in this big beautiful bill. And so
listen now to what Elon Musk this was on X.
Here is what he said, quote, I'm sorry, but I
(00:50):
just can't stand it anymore. This massive, outrageous, pork filled
congressional spending bill is a disgusting abomination. Shame on those
who voted for it. You know you did wrong. You
know it. Now, this is Elon. This is a man
(01:12):
who has made a tremendous personal and financial sacrifice to
get this, to get cuts in the federal bureaucracy, to
expose so much of the waste, fraud and abuse through DOGE.
And he has now come out and said, there is
so much spending in this bill, it is going to
(01:34):
bankrupt our country. And as I sat on X, and
I'm going to repeat it right now because I look,
if I'm not here to speak the truth the way
I see it. What's the point of me being behind
this microphone on this issue. Elon Musk is one thousand
percent correct. Now, don't get me wrong. There are many
(01:57):
aspects of the big beautiful bill I think are incredible.
I love a lot of this bill. Love it, love it,
love it. I think extending the tax cuts, no tax
on tips, no tax on overtime, no tax at least
for a good chunk of your Social Security benefits, I
think is going to help boom the economy. I think
(02:21):
there's no question this is going to be rocket fuel
for the economy. Also, the money that is set aside
will not just build a wall finally, seal the border finally,
but it will pay for the manpower, resources that we
need to deport millions and millions of illegals. Just on
(02:43):
those two points alone, I think it's an incredible bill.
There's more. There's more. It will rebuild our navy and
our military. We will now be fully caught up with China.
It reforms Medicaid, providing a work a work mandate for
able bodied people, so there's a lot there. It also
(03:08):
provides reforms to needed reforms to food stamps to student loans,
as I said to medicaid. So there's a lot of good,
juicy parts there, and I understand why Trump likes this bill,
loves this bill in many ways. But the problem now
(03:28):
is ticking the ticking debt bomb. What the Republicans did,
and in particular the leadership is this is essentially a thousand,
one hundred almost one thousand, two hundred page bill. It
is eerily similar to Nancy's Nancy Pelosi's. You have to
(03:49):
pass it to find out what's in it, and now
they've uncovered. And I want to give credit to Rand
Paul here. I haven't agreed with Rand on many things recently.
On this I agree with Rand Paul and with Elon.
It lifts the debt ceiling by five trillion dollars, five
(04:13):
trillion dollars. This is going to bankrupt us the spending
that they have pumped into this bill, and Elon is right,
every special interest is greased, Every district now gets You
want to talk about pork barrel spending. It is giveaway
(04:37):
after giveaway after giveaway. After just one year alone, it
is going to raise the budget deficit to a gargantuan
two point five trillion dollars. Biden had to set two trillion.
This matches Biden and then raises him to two point
(04:59):
five five trillion dollars. My friends, we're gonna go broke.
Speaker 2 (05:06):
Now.
Speaker 1 (05:06):
I know. Trump's argument is we can grow and grow
and grow, and this will unleash economic growth. But I
don't care how much growth you unleash. You can't make
this up. The numbers are the numbers are the numbers,
and so as I said on X and I want
to repeat it. You look at the massive increase in
(05:29):
the debt ceiling, five trillion dollars, five trillion, plus the
the trillions and trillions of dollars that you're gonna see
in record budget deficits. We're at thirty seven trillion now.
Within a couple of years, we're gonna be in two years,
we're gonna be at forty five trillion dollars. It makes
(05:54):
our national debt unsustainable. Literally, when Elon says it's gonna
bankrupt us, it's gonna bankrupt us. We won't even be
able to meet the payments on the interest on the
debt already now. And I don't want to just keep
throwing numbers at people, but even Now the number one,
(06:17):
the most expensive item in the entire budget is just
interest on the debt, a trillion dollars that we spend
every year, not paying down the debt. We don't pay
down a penny. A trillion a year just interest on
the debt. The military is our number two most expensive item.
(06:42):
We spend more on the interest on the debt than
we do on our entire military budget. The whole thing.
It's just under a trillion dollars for the military. Then
you've got Social Security underneath that, Medicare, Medicaid. So, as
Elon says, we're now going to be hitting a tipping
point with this bill in about two years, three years,
(07:07):
it's going to be one point five two trillion dollars
just interest on the debt. We're going to become the
United States of Argentina. Now, I thought from everything that
I've been reading about the House bill that was passed,
what was it a week ago or two weeks ago,
that it was going to add two trillion dollars to
(07:29):
the debt over ten years. Well, you add in the
DOGE cuts, the recisions package. Afterwards, you have a booming,
expanding economy. We can manage that and the country will
turn out fine, but it's no longer two trillion. Now
we're looking at five, six, seven, eight trillion dollars. They're
(07:53):
spending money like a bunch of drunken sailors. And so
Elon now is sounding the alarm. Rand Paul is now
in discussions with President Trump. And this is my message
to Trump, and I think this is Elon's message as well,
and I don't blame him. Tell the Republicans to fix it.
(08:18):
Tell the Republicans, for God's sake, cut the spending. Let
me repeat it, cut the freaking spending. Now. As I
told Grace last night we were having dinner, I said,
the most incredible thing about this entire bill, This keeps
COVID level spending levels. This spends more than Biden. So
(08:46):
we thought Biden's spending was out of control. This thing
spends even more than Biden. Well, what do you think
that's going to lead to? When you have this kind
of massive spending. It's going to lead to massive inflation.
It's gonna destroy the purchasing power of your money, my money.
Why because now all you're doing is printing money. The
(09:09):
FED is just gonna print and print and print and print.
And print. So the purchasing power of our dollar is
gonna be worth nothing. So yeah, we'll have a booming economy. Great,
I love it. But you know you can't do tax
cuts and spending cuts. No, no, no, no. Here's what happened.
(09:31):
And I said this to Grace and I want to
repeat it. Trump got screwed by the House Speaker again,
just like Paul Rhin O'Ryan screwed him in his first term,
Johnson screwed him. Now in the second term. There was
stuff in this twelve hundred page bill. They loaded it
up with everything. I mean, every special interest, every district,
(09:56):
every constituency, you name it. They gave away the store.
I mean, this spending is it's outrageous. Now COVID is over,
COVID is over, the Biden administration is over. We can't
(10:16):
go back to pre COVID spending levels. I'm talking twenty nineteen.
So what Rand Paul is saying, what Mike Lee is saying,
what Ron Johnson is saying, what Rick Scott is saying,
what Elon Musk is saying, and frankly, what many in
MAGA now are saying is to the president, a five
(10:40):
trillion dollar increase in the debt ceiling is not the
hill to die on. I didn't vote, and I was
looking at my two children when I was talking to Grace.
We were driving back. We went out to eve. We went
to Chipotle's because the kids love it. So that's a retreat.
(11:00):
Six one seven two six, six sixty eight sixty eight
is the number. Okay. Elon musk Now sends political shock
waves really across the entire political landscape. Maga now is
on notice. They did not know some of the provisions
(11:20):
in the bill. It's a thousy, two hundred page bill. Again,
it's like pelosis. You have to pass it to find
out what's in it. So we're starting to find out now.
And this is you want to talk about out of
control spending. Holy mackerel, Holy mackerel. So anyway, Elon now
is sounding the alarm. He is now coming out completely
(11:44):
against the so called big beautiful bill. Not that he
doesn't like many provisions in it, he loves them, but
look at it from his point of view, you know.
And I was just talking about this with Sandy and
Mike in our pre show meeting. I go look at
the slings and arrows. This guy is taken the attacks
on him personally, his life is literally in danger. His
(12:07):
name is now mud for many many Americans. He has
to have twenty security guards around him around the clock.
Tesla dealerships firebombed, Tesla dealerships shot up, Tesla is being attacked,
or Tesla drivers being attacked. Because he dared to lead
(12:28):
the charge on DOGE to cut waste fraud and abuse,
and he and his team found one hundred and seventy
five billion dollars in out and out corruption, blatant misuse
of taxpayer dollars, saying and there's more defined, saying well,
(12:49):
eventually we're gonna get to one trillion. You watch, and
he becomes persona non grata in Washington. The liberal media
has a target on his back. And then you find
out that they're going to raise the national debt ceiling
five trillion dollars. So, you know, Grace and I were
(13:11):
talking about this, as I said earlier, and I said,
you know, let's not quibble, okay, one hundred and seventy
five billion, let's just say two hundred billion. Okay, that's
that's what they found in waste fraud and abuse. I said,
you know, that's that's a rounding number. Now, so at
this point, well, let's just raise the debt ceiling, not
the five trillion, but the five point two trillion. I mean,
(13:32):
the hell with the Doache cuts, because that's what two
hundred billion is. Instead of five trillion, it's five point
two trillion. Like, there are hundreds of billions of dollars
are now nothing in this bill. Nothing, And so Elon
is looking at this and he's like, so let me
get this straight. I take tremendous damage personally, financially, economically,
(13:58):
my companies are hemorrhage and cash and my family's living
under constant death threats, and you guys, it's everything I've
saved for the American taxpayer. You guys almost turn it
into a rounding number because you're increasing spending and the
national debt. And in fact, just so that you know, okay,
(14:22):
Rand Paul went to the leadership and he said, I'll
tell you what. We'll pass the bill, the big beautiful bill.
We'll pass it. Okay, we'll pass it. All the tax
cuts stay, the border security stays, the military spending, everything stays.
We just and we don't cut a penny in spending.
(14:43):
All we do all I'm asking for is, don't lift
the national debt ceiling. Don't raise it by five trillion,
just raise it by five hundred billion dollars. That's it,
just five hundred billion. Leadership turns to him and says,
are you crazy. We'll be back in three months. We'll
(15:05):
have to raise the debt ceiling again. Do you know
how embarrassing that is for us to have to keep
voting to raise the debt ceiling? And Rand Paul's response is,
we're gonna burn through half a trillion dollars in debt
in three months, and you guys don't have the guts
(15:28):
to make the tough choices to cut the freaking spending
so we don't literally bankrupt our country and mortgage the
futures of our children and grandchildren. I'm sorry, no deal,
no deal, absolutely not, no way, no way. This is outrageous.
Speaker 2 (15:55):
Now.
Speaker 1 (15:55):
And remember, these are the same Republicans who excoriate Biden
rightly for two trillion dollar deficits and for adding eight, ten,
twelve trillion dollars to the national debt. And they were
the ones who said, get it, give us, give us
control of Congress. We're going to limit the scope and
size of the federal government. We're gonna cut the federal bureaucracy,
(16:19):
We're gonna cut spending, We're going to start to balance
the books. We're going to start to be fiscally responsible.
Now under this bill, they're going to spend even more
than the Democrats. So what credibility are the Republicans ever
gonna have? Again? But to me, forget the politics of this.
(16:45):
I didn't vote to increase spending by five trillion dollars.
I didn't vote to have the national debt go from
thirty seven trillion to forty five trillion in a couple
of years. Have these people lost their mind? So look
(17:06):
what they gotta do is no, The answer is no.
There's much in it. Everything that Trump campaigned on that's
in the bill is magnificent that we're gonna keep, obviously,
But no, no, the pork barrel spending, no, no, no, no,
the five trillion dollars in raising the national the debt ceiling,
(17:28):
no no no no, the record budget deficits no no no, no. Okay, no,
you're gonna start to cut the spending. You're gonna get
rid of the pork No. No, We're gonna start to
be grown ups. If I spent like this. If you
spent like this, we'd be bankrupt. No one gave them
(17:51):
a blank check to destroy and financially ruin our country.
And I'm sorry, but I've got to say this. I
know Elon is taking blowback from some people in MAGA,
and I honestly I don't know why, because he's just
being an honest man. He's being actually very loyal to
Trump saying, look, I'm not going to sugarcoat it anymore.
(18:12):
Here's what I honestly think. This is what's in the bill. Okay,
but this is a man, the wealthiest man in the world,
who spent literally hundreds of millions of dollars to help
Republicans win the White House, win the House, and win
the Senate, and Mike Johnson and John Thune and the
(18:36):
entire congressional leadership have managed to screw all of this up.
You can also text the cooner Man at seven zero
four seven zero seven zero four seven zero, and as always,
you can message me on Messenger. This is from Nancy.
She wrote me maybe about fifteen minutes ago Jeff cut
(18:58):
the Waiste and passed the damn bill. I'm with you
all the way, Nancy, all the way all the way.
This is from Dave, our Western PA constitutionalist correspondent. He
good morning, well, good morning to you, Dave. Jeff this
big beautiful bill is too big on spending. I'm with you, Dave. Look,
(19:25):
let me just play two cuts and then want to
go to the phone lines. Elon kind of telegraphed, Now,
this was a couple days ago and he was interviewed
by CBS, and he kind of telegraphed his growing opposition
to the bill that he wasn't happy, he didn't like
the direction that he was going in, that he was
(19:45):
starting to see things in the twelve hundred pages that
he found shocking, especially all of the out of control
massive spending, and the pork listened to him, said you
could tell he didn't like. Here's what he said, roll
cut twelve.
Speaker 3 (20:03):
Mike, you know, I was like disappointed to see the
massive spending bow frankly, which increases the budget depths, if
not doesn't decrease it, and that reminds the work that
the Noch team is doing.
Speaker 4 (20:19):
I actually thought that when this big beautiful bill came along,
I mean, like everything he's done on Doge gets wiped out.
Speaker 1 (20:25):
In the first year.
Speaker 3 (20:27):
I think I think a bill can be can be
can be big or it can be beautiful, but I
don't know if it could be both my best opinion.
Speaker 1 (20:35):
So you know he's right. I mean he big as
in big and that kind of spending his I mean,
he's this multi trillion dollar deficits. You know it un
forget the first year, it undoes everything. Doge uncovered in
one month? What year in one month? So no, he's
(20:57):
talking about this kind of multi trillion dollar deficits again,
two point five trillion dollar budget deficit. Biden hit two trillion.
This is going to be two point five trillion. So
he's like, look, it can be beautiful, but it can't
be as big as in spending and debt and deficits. No,
it's it can't be. He's right now. So then he
(21:20):
went on Twitter whatever x yesterday and again I want
to repeat what he said because this is now the
bill I think now is going to be fixed. I
pray to God it's going to get fixed. After Elon
came out with his very public vocal opposition, So here's
what he wrote. I'm sorry, but I just can't stand
(21:43):
it anymore. This massive, outrageous, pork filled Congressional spending bill
is a disgusting abomination. Shame on those who voted for it.
You know you did wrong, you oh it And of
course really had tipped to Rand Paul who uncovered the
(22:07):
increase of five trillion dollars in lifting the national debt ceiling.
I mean, this is so whoaoa, whoa, whoa. I thought
we were talking two trillion that we're going to be
spending over ten No, these guys want to spend five
trillion in the next two years. WHOA All right, Peter
(22:32):
Doucy on Fox. Of course this is massive news. This
now puts the bill in it's got to be changed.
I don't think it's going to sink it or tank it,
but now it gives the critics, the Republican conservative critics
of the bill, a tremendous amount of support in their argument,
(22:54):
we got to start to cut the spending. Come on,
this leadership is screwing, screwing Trump, screwing MAGA, screwing the country,
screwing our children, our grandchildren. No, this is out of control,
so Deucey asks Caroline Levitt. Is Trump mad at Elon
(23:17):
for so vocally and forcefully coming out against the bill.
Listen to her response Roll cut twelve a a mic.
Speaker 5 (23:29):
How mad do you.
Speaker 1 (23:29):
Think President Trump is going to be when he finds
out that?
Speaker 3 (23:31):
Elon Musk said, I'm sorry, but I just can't stand
it anymore. At this massive, outrageous, pork filled congressional spending
bill is a disgusting abomination.
Speaker 1 (23:40):
Shame on those who voted for it.
Speaker 5 (23:42):
You know you did wrong. You know it.
Speaker 1 (23:44):
Look, the president already knows where Elon Musk stood on
this bill. It doesn't change the President's opinion.
Speaker 2 (23:49):
This is one big, beautiful bill, and he's sticking to it.
Speaker 1 (23:53):
I don't know. I don't know. I don't know. I
think this is a I don't know if this is
the hill he should die on. I don't And I
think it's sort of like political gravity. And I understand
where Trump is coming from. Please don't get me wrong.
I love the guy. I love the guy, and there's
so much in this bill. I think it's going to
(24:15):
be one of you know, it's gonna be one of
the greatest bills this country's ever passed. As I said,
I think just the tax cuts alone, just the tax cuts,
you're you're looking now at a massive economic boom. You're
going to see the stock market skyrocket. I think you're
going to see wages go way up. I mean, we're
(24:38):
going to be looking at an economic expansion, maybe unrivaled
in the history of the United States. Never mind, it
builds the border wall. It provides one hundred and fifty
billion for mass deportations. I mean, there's so much there.
The Golden Dome, a missile defense shield that will protect
our homeland really for the next twenty twenty five thirty years.
(25:03):
There are amazing, incredible aspects to this bill. But guys,
come on this. This this is a level of deficits
and debt that is unsustainable. And I think on that
Elon is correct. And so what I'm hoping is that
(25:24):
Trump gets on the phone with Elon, gets on the
phone with Ran, Paul gets on the phone with Mike
Lee and says, Okay, where can we cut all right?
How do we improve this? How do we fix it?
We've got to get to spending down obviously, and send
it back to the House and then get it past.
(25:45):
But I don't know if it can survive as is.
I mean maybe I don't know. So I want to
here it is. I want to set the table. Then
I want to take everybody's calls. Six one seven two, six,
six sixty eight sixty eight is the number. Let me
ask you a series of questions. Number one, do you
(26:06):
agree with Elon Musk's criticism of the Big Beautiful bill
or do you think he should have just stayed silent?
Do you feel that Elon in some ways has betrayed
the president? I'm just curious on the larger issue itself,
(26:27):
are you now four or against the bill as is?
There's no question there are many outstanding aspects to the bill,
but as is now do you support it? Or do
you think Elon and the fiscal hawks in the Senate
are right that they need to cut the spending and
(26:49):
not by a little, but by a lot. Where do
you stand on this? Six one seven two six, six
six sixty eight is the number? And let me ask
you one final question. We're now looking at five to
eight trillion dollars with the t that is gonna be
(27:13):
added now to the national debt. It's gonna break the
bond market. People are saying this could lead to massive inflation.
It could lead to our interest on the debt exploding
to one point five even two trillion dollars? Is this
a bridge too far? In other words, has the swamp
(27:36):
now almost planted the seeds of its own destruction by
spending so outrageously, so recklessly, so irresponsibly, that now the
country is just gonna say, no, we're done, We're done.
You guys are spending. Really, you're gonna spend this off
(27:56):
a fiscal cliff? Is this just too much spending that
will break our economic back? That's Elon's central argument, and honestly,
on this issue, I think he's right. Six one seven two, six,
six sixty eight, sixty eight is the number. Okay, Elon
says the big beautiful Bill has got way too much
(28:21):
pork and spending. He now says it is a disgusting abomination.
It is going to lead to record debt, record deficits,
and will essentially bankrupt the United States in a couple
of years. Cut the spending. Do you agree with Elon
Anthony in Michigan? You're gonna kick us off, Anthony, thanks
(28:43):
for holding and welcome.
Speaker 4 (28:46):
Thank you, Jeff. Let's get to it. A lot of
people forget that Elon has been on the verge of bankers.
See a couple of times, both with SpaceX and with
the model three. And I want to propose a question
today to counter country Kibono. Who benefits? Do they not
want the growth? You know, Kathy Wood's talking about us
going from to seven point three to ten percent growth
(29:07):
with this golden age of all these technologies kicking in.
I want to post something to.
Speaker 1 (29:12):
You, Jeff.
Speaker 4 (29:13):
If his team can solve full self drive FSDF and
autonomy and eventually that will go to his semi trucks.
These are paradigm changing technologies and it also works in
the robot. If he can do that, why the heck
can't congress balance the budget? This team could probably write
a program to do it. And this drives me crazy
(29:34):
because you know, I'm gonna pose a question, and there's
probably a lot of people that work for Fidelity audience,
Why the heck do we need a bond market to
fund all this stuff to balance a budget? You and
Grace do it at home, don't you? Come on, guys
and gals. I'm so disgusted with all of them, Jeff.
And you know, Elon said he's gonna throw a hundred
million in the pot and try to throw a lot
(29:55):
of these people out office. And the next next go around.
Speaker 1 (30:00):
Well, you're right, that's what he said. That if if
they pass this as is, because you know, he likes
a lot the Trump campaign promises he loves that are
in the bill, but he says, if they pass this
spending monstrosity, he says, everybody who voted for it, he's
going to you know, primary whatever fund the primary or
(30:20):
fund election campaigns, as he puts it, they're going to
all be fired. He says, the people are not going
to put up with this. And you know, Anthony, I
think the Republican leadership, I think they've misread the room.
They just thought, well, just you know, get it done,
get it done by hook or by crook, and I
don't think they realized, Yeah, we want what Trump promised,
(30:42):
but we don't want five trillion dollars added to the
national debt within two years, for god's sake, raising the
national debt ceiling. These people are insane. We also want
spending under control. We wanted Trump to cut spending, and
he promised he would. Now I understand Trump is saying
there's going to be recision cuts coming after this, but
(31:05):
they've already got five trillions set aside to spend. This
is out. I mean, Anthony, this is sickening. And look, Anthony,
let me ask you point blank, because this is literally
the analogy. You bring in two thousand dollars a month income,
you spend five thousand dollars in expenses every single month.
(31:26):
Tell me, Anthony, how long do you and your family
survive before this whole thing goes kept put? I mean,
can could you sustain this over a long period of time?
You take in two thousand, but you spend five thousand
every month. Could that work for you and your family? Anthony?
Speaker 4 (31:44):
Jeff? In fact, at some point you would be bankrupt.
And that's where we're going with the potentiality of our
currency going bye by. I think the only saving grace
is and there's something been some hints of it that
the number of the amount of federal lands we have
that I have not been explored in terms of what
are the resources within it that could be extracted in
(32:06):
a judicious and environmentally friendly fashion. Is that worth the
you know, worth seventy trillion or some outrageous number that
essentially we have no budget in balance and we don't
know about that. But that is a long shot, Jeff.
But yes, my family, would you know at some point
the creditors come calling and you're looking at chapter eleven.
(32:27):
And I'll tell you, Jeff, it's your kids and my
kids that are feeling the pinch. We know we still
go out to McDonald's and it was pocket change. What
do you go out and spend a McDonald's now just
for a burger and a fries and a drink. The
inflation that is insane. I do the food shopping in
the house.
Speaker 1 (32:43):
I see it, Anthony, thank you. I'm with you, brother,
I do the food shopping as well. I see it
all the time. So this is I'm saying. Look, it's
as Elon said to his credit, it's unsustainable. It's unsustainable. Anthony,
thank you very much for that call. I really appreciate it.
Larry in Lemonster, thanks for holding Larry, and welcome.
Speaker 5 (33:08):
Jeff. You need to help me. I'm kind of confused.
So last week you were telling us that they had
to pass the bill, and now you're saying, let's put
the brakes on it.
Speaker 1 (33:18):
What happened the five trillion in the national debt, the
debt ceiling increase? I had, well, I no one knew
about that last week. I mean at least I didn't
and when Rand Paul came out with that what was
it a couple days ago and said, guess what I
found in this twelve hundred page bill. I'm okay, what, well,
(33:40):
they're going to raise the debt ceiling by five trillion.
I'm like what, I didn't know that? So, Larry, that
was the difference, you know, Like I said, you know,
they were talking two trillion over ten years. Okay, you
do the doage cuts, the tariffs kick in, you do
some cuts out afterwards. You've got a booming, booming economy.
(34:04):
We can handle that. But now when they're talking about
adding five six, seven, eight trillion dollars into the national debt,
holy mackerel. And you see, Larry, this is the problem.
They give us these massive omnibus bills, these huge bills,
(34:27):
always thousands of pages long. Why don't they just give
us small, single bills like we used to do in
this country. So you give us a tax bill, you
give us a border bill, you give us a military bill,
you give us you know, you just so we know
what to vote on what's being discussed. If it doesn't pass,
(34:50):
you can kick it back, fix it, try to pass
it again. No, what they do now is they pass
these thousands of pages, they load everything that's where all
the graft and the corruption is, and you end up
finding You're lucky if you end up finding stuff that's
in it in time to try to change it. But Larry,
(35:11):
the answer, that's the long answer. The short answer is
when rand Paul and then Elon said, well, Rand Paul
told Elon, and that's when Elon said, I can't stay
quiet anymore about the five trillion that they're going to
raise the death ceiling. And that's just in two years,
in two years, the five trillions already, that's we're going
from thirty seven to forty two in two years, plus
(35:35):
a two point five trillion dollar budget deficit, so we're
basically at forty five trillion in two years three years.
I didn't know there was that much spending. Holy oh,
I'm almost said it, Holy mackerel. So that that that's
what changed me, Larry. But go ahead, please, Jeff, you
(35:55):
can't do that.
Speaker 5 (35:56):
You can't change We're in an assault.
Speaker 2 (35:59):
I've been told for the last.
Speaker 5 (36:00):
Year the MAGA follows whatever we're told to do. How
is that possible? You change your mind, Jeff?
Speaker 1 (36:10):
I'm sorry, Larry. Larry, let me ask you, my friend,
are you with Elon on this or do you think
Trump should dig in and just get this thing done
as is?
Speaker 5 (36:25):
I'm for term limits. This is a prime example of
why we should have term limits. By now. There should
be two separate bills. There should be one nothing but
the cuts that Trump wants, nothing but everything he wants
done to improve the country, and then a separate spending
bill that everybody can look at. Everyone can, you know,
(36:47):
say yay or nay on the different things and go
from there. The only saving grace in my opinion right
now is actually the Democrat if you can believe this,
they are so painted into a corner they're not allowed
to agree with anything the Republicans do or say. If
sheep Trump because of those would we talked about last
(37:11):
week four holdouts that now we know why they're holding out.
This would have passed without a Democrat vote. They're not
going to try and pass it now because they're still
stuck on everything Trump does as bad. We can't vote
for anything, just like they couldn't, you know, clap for
(37:31):
a thirteen year old cancer survivor. That's the only thing
that's given them time to in my opinion, to say, hey,
we're ringing this alarm bell. We got to fix this
before we get it passed.
Speaker 1 (37:46):
Uh, you're dead on a laria. I think you put
your finger right on it. And look just you know,
and again Rand Paul I gotta give him his due,
came out and said, here, why don't you see like
leadership doesn't want to do this? He goes, but why
doesn't Leadershi just go back and say here, we're just
going to pass the tax No tax on tips. It's
(38:07):
going to pass the House, it'll pass the Senate. Trump
will sign it, force the Democrats to vote against it. Boom,
get it out of there. No tax on overtime, same thing.
It'll pass the House, it'll pass the Senate. Democrats will
vote against it. First of all, it's politically will it
will devastate the Democrats. But Ran Paul's point is, then
(38:29):
we know where everybody stands on every single issue. So
you get the taxes done, which is going to help
the economy. Boom, and then we can do an immigration bill.
Who's against the wall, Let's find out who's against funding
massive deportations. Put that through. This is how we used
(38:51):
to do things in this country. Now it's just cram
everything through, I mean even the kitchen sink. Throw it
all in there. Why because then every special interest gets greased,
every lobbyist gets paid everything. They spend everything under the sun,
they fund everything under the sun, and it's the corruption.
(39:16):
They don't want to stop it. So you're right, Larry,
Just break it up into chunks and just pass, pass, pass, pass,
up or down, and the Democrats will be forced to
vote against it because they're consumed with Trump arrangement syndrome,
and they'll never win another election in Nevada. Again. You
(39:39):
didn't vote for no tax on tips out, hold on
any working class area. Hold on, you didn't vote for
no tax on overtime out. You didn't vote for the
wall out. You didn't vote for, you know, adding thousands
of people to ice and Order patrol for the mass
(40:01):
deportations out. You didn't vote for the Golden Dome, the
missile shield out. Hold on, you didn't vote to get
one point four million illegal aliens off the rolls of
Medicaid out. So you can take the really good parts
(40:23):
of the bill that Trump campaigned on and vote on
that one after another after another. Instead, you've got Big
Mike and Senator John Thune telling Trump he hey, no, no, Donald,
we got mister president. We got it. One bill, one
(40:43):
big beautiful bell, like you said, one big beautiful bill,
and it's easy, easy, pasy. And by July fourth we
get everything done and we can go and have a
nice summer break. And now we know why they wanted
to load the thing up with pork. And you've got
(41:04):
poor Elon Musk breaking his back working twenty hours a
day working at DOGE, and they're finding cuts. You know
it is fraud. Here waists their abuse there and he
looks and says, what you guys are gonna wipe out
my DOGE savings in less than four weeks, five trillion
(41:26):
dollars added to the national debt. Again, Rand Paul, I
don't want to repeat myself. Ran Paul goes to the
leadership and says, you got it. You got it. Everything
in the bill, everything in the bill. We will vote
for one change. You don't lift the debt ceiling to
(41:48):
five trillion. You just lifted to five hundred billion. That's
half a trillion dollars. Zoom tells him to his face,
we'll be back in three months. Rand Paul says, what
we're gonna burn half a trillion dollars in three months.
And he's like, yeah, he goes, your people are insane.
(42:11):
You're spending us. You're gonna you're spending us into bankruptcy.
He says, no, Then come back in three months and
then vote to raise the death ceiling again, and this
time you're gonna be forced to make spending cuts. And
they don't want to do that. So Rand Paul caught him.
So that's why, Honestly, if the president's people are listening,
(42:32):
here's my advice. Rand Paul's given everybody an exit ramp.
The president if he wants to Bill as is, fine,
say I'm with Rand on this. Change one thing, one thing,
just one thing. You don't raise the debt limit to
five trillion. Raise it to five hundred billion. That's it,
and we'll come back in three months. That's not what
(42:52):
we're gonna spend this money in three months. Okay, We're
gonna come back in three months. And then the next time,
you got to raise the debt ceiling again. Cut, cut,
got cut. You're gonna be held accountable. You're gonna make
tough choices. You're gonna have to make some real spending cuts.
Not just yak yak yak. You're gonna have to really
do it. We'll see. But Larry, what's very clear to
(43:15):
me is they don't intend to cut a penny. So
Elon is looking at this and saying, so I'm left
holding the bag. I do all the hard work, I
find all the waste, fraud, and abuse. My name is
in the mud. My company now has lost billions and
billions of dollars. I sacrifice so much, and these guys
(43:37):
are gonna turn everything I saved into a rounding number
five trillion dollars and we're not gonna have a I'm
telling you, financially, there's no way you can survive this.
And that's why Elon's saying, Look, guys, it's a disgusting abomination.
I mean, they're this is Joe Biden on steroids. Larry's
(44:02):
final word to you.
Speaker 5 (44:05):
All Right, Jeff, we had this discussion back during Trump's
first term. We're talking about the VA and I said,
I've been in the system for twenty five years and
I went through both sides, Democrat and Republican presence. I
told you before Trump it didn't matter who was in
the White House because the idiots in Congress make those
(44:27):
decisions affecting the VA. It wasn't until Trump started getting
bold and yelling at them publiclyes fix it the things
started to change. This is no different. Whoever's in the
White House gets great ideas, does all this stuff. It's
the back room deals that they're not aware of and
they're kept in the dark on that is the death
(44:48):
of this country. It's got to change.
Speaker 1 (44:52):
I'm with you all the way, all the way, Larry,
as always, thank you so much, my friend John in Bedford.
Thanks for holding John and welcome.
Speaker 2 (45:03):
Good morning, goodre and Jeff Hiff. What's the big what's
the biggest albatross around Trump's neck right now is Terris
and the biggest country that he wants to get to
is China. So as you just said earlier, that this
bill passes, it's going to wipe out the bond market. Now,
who holds the largest amount of bonds and for the US.
Speaker 1 (45:26):
China, Communist China, yep, so wipe out.
Speaker 2 (45:30):
It'll wipe out the bond market. Bring them to the
table faster than they and they know, they know this
bill is out there floating around and you know, ran
Paul Elon making a mess of it, you know, pretending
you make a mess. Because Trump's the master of the
out of the deal. So they're out there going, we're
gonna get decimated. This bill passes. China's looking at each
(45:53):
other going, we're decimated. We won't have nothing. So and
that's where Trump wants them, but nothing. Once China falls,
everybody falls, the Democrats fall. China can vote, I mean,
truck can vote next year for the wage bill and
all these other bills. I don't think that's important right now,
but to get the tariffs in line, to get China
(46:15):
in line and destroy the Democrats.
Speaker 1 (46:18):
So, John, I think what you're saying is just past
the bill. Correct, past the bill.
Speaker 2 (46:24):
It's the out of the deal. He knows what he's doing.
Speaker 1 (46:27):
Past the bill.
Speaker 2 (46:28):
The bill probably won't even get past. China will come
to the table screaming because they're the largest bondholder in America, right, trillions,
They have trillions. If they want their money back tomorrow,
they would bankrupt us, right. I assume that would be
the case.
Speaker 1 (46:45):
John, So And I think your your further argument would
be that the spending cuts, although you know Coooner may
want them, Elon may want them, many people may want them,
it's not going to pass the House. And if it
doesn't pass the House because the Rhinos won't vote for
these spending cuts, then you're going to get nothing. You're
(47:06):
going to get no bill, and then you're going to
have massive tax increases are going to kick in because
the twenty seventeen tax bill is going to expire, and
so that's going to destroy the economy. So I think
your argument is, I would assume on top of your
argument would be, it's the only game in town. Pass
(47:28):
the bill. If you want to cut spending, do it later,
but pass as is. If not, you're looking at a
massive tax increase.
Speaker 2 (47:36):
Correct it that's going to bring with China right to
the table because it's going to destroy the bottom line
is it's going to destroy the bond market, and the
bond markets help by China. So how are you going
to get them to the dance? For?
Speaker 1 (47:49):
Interesting? Very interesting? John, Thank you very much for that call.
I really appreciate it. Look, let me ask all of you.
You just heard John. He's saying, just pass the bill.
Trust Trump, he knows what he's doing. We can handle
the debt down the road. But right now what's important
(48:10):
is get the economy booming again, get the border secure,
fulfill his central campaign promises, and it will be used
even this will be used as leverage against China. Agree, disagree?
Who do you side with on this? I want to
hear from everybody. Six one seven two six six sixty
(48:33):
eight sixty eight. Elon Musk now against the bill, he
says it's an absolute abomination. Do you agree with him?
And do you feel that maybe he stabbed Trump in
the back. That's what some are saying, not many, but
some are saying that. I'm just curious if you feel
(48:53):
that way. And furthermore, if you are a member of
Congress or a member of this Senate, would you try
to pass it as is? Or do you think they
need to start cutting the spending?
Speaker 2 (49:07):
Now?
Speaker 1 (49:08):
Where would you? How would you vote? Now? Six one
seven two six six sixty eight sixty eight And let
me just ask all of you. Is it me or
is this like a clown car that you've got Mike
Johnson and John Thune. I mean, I'm looking at this
(49:30):
and I'm like, first, it took them six months to
put this thing together. Where now June the bill? If
we're lucky, we'll be on the President's desk by July fourth.
And now we find out there's a massive, jargantuan amount
of spending, unprecedented spending in this bill.
Good morning, Cooner country. Okay, my friends, massive developments now
over the last maybe twenty hours, eighteen hours. So here
is now what is taking place. Elon Musk has now
fully come out against Trump's big beautiful bill, and it
(00:26):
is now shaken MAGA. Many now of Trump's supporters are
actually siding with Elon as we find out more and
more about what's in this big beautiful bill. And so
listen now to what Elon Musk this was on X.
Here is what he said, quote, I'm sorry, but I
(00:50):
just can't stand it anymore. This massive, outrageous, pork filled
congressional spending bill is a disgusting abomination. Shame on those
who voted for it. You know you did wrong. You
know it. Now, this is Elon. This is a man
(01:12):
who has made a tremendous personal and financial sacrifice to
get this, to get cuts in the federal bureaucracy, to
expose so much of the waste, fraud and abuse through DOGE.
And he has now come out and said, there is
so much spending in this bill, it is going to
(01:34):
bankrupt our country. And as I sat on X, and
I'm going to repeat it right now because I look,
if I'm not here to speak the truth the way
I see it. What's the point of me being behind
this microphone on this issue. Elon Musk is one thousand
percent correct. Now, don't get me wrong. There are many
(01:57):
aspects of the big beautiful bill I think are incredible.
I love a lot of this bill. Love it, love it,
love it. I think extending the tax cuts, no tax
on tips, no tax on overtime, no tax at least
for a good chunk of your Social Security benefits, I
think is going to help boom the economy. I think
(02:21):
there's no question this is going to be rocket fuel
for the economy. Also, the money that is set aside
will not just build a wall finally, seal the border finally,
but it will pay for the manpower, resources that we
need to deport millions and millions of illegals. Just on
(02:43):
those two points alone, I think it's an incredible bill.
There's more. There's more. It will rebuild our navy and
our military. We will now be fully caught up with China.
It reforms Medicaid, providing a work a work mandate for
able bodied people, so there's a lot there. It also
(03:08):
provides reforms to needed reforms to food stamps to student loans,
as I said to medicaid. So there's a lot of good,
juicy parts there, and I understand why Trump likes this bill,
loves this bill in many ways. But the problem now
(03:28):
is ticking the ticking debt bomb. What the Republicans did,
and in particular the leadership is this is essentially a thousand,
one hundred almost one thousand, two hundred page bill. It
is eerily similar to Nancy's Nancy Pelosi's. You have to
(03:49):
pass it to find out what's in it, and now
they've uncovered. And I want to give credit to Rand
Paul here. I haven't agreed with Rand on many things recently.
On this I agree with Rand Paul and with Elon.
It lifts the debt ceiling by five trillion dollars, five
(04:13):
trillion dollars. This is going to bankrupt us the spending
that they have pumped into this bill, and Elon is right,
every special interest is greased, Every district now gets You
want to talk about pork barrel spending. It is giveaway
(04:37):
after giveaway after giveaway. After just one year alone, it
is going to raise the budget deficit to a gargantuan
two point five trillion dollars. Biden had to set two trillion.
This matches Biden and then raises him to two point
(04:59):
five five trillion dollars. My friends, we're gonna go broke.
Speaker 2 (05:06):
Now.
Speaker 1 (05:06):
I know. Trump's argument is we can grow and grow
and grow, and this will unleash economic growth. But I
don't care how much growth you unleash. You can't make
this up. The numbers are the numbers are the numbers,
and so as I said on X and I want
to repeat it. You look at the massive increase in
(05:29):
the debt ceiling, five trillion dollars, five trillion, plus the
the trillions and trillions of dollars that you're gonna see
in record budget deficits. We're at thirty seven trillion now.
Within a couple of years, we're gonna be in two years,
we're gonna be at forty five trillion dollars. It makes
(05:54):
our national debt unsustainable. Literally, when Elon says it's gonna
bankrupt us, it's gonna bankrupt us. We won't even be
able to meet the payments on the interest on the
debt already now. And I don't want to just keep
throwing numbers at people, but even Now the number one,
(06:17):
the most expensive item in the entire budget is just
interest on the debt, a trillion dollars that we spend
every year, not paying down the debt. We don't pay
down a penny. A trillion a year just interest on
the debt. The military is our number two most expensive item.
(06:42):
We spend more on the interest on the debt than
we do on our entire military budget. The whole thing.
It's just under a trillion dollars for the military. Then
you've got Social Security underneath that, Medicare, Medicaid. So, as
Elon says, we're now going to be hitting a tipping
point with this bill in about two years, three years,
(07:07):
it's going to be one point five two trillion dollars
just interest on the debt. We're going to become the
United States of Argentina. Now, I thought from everything that
I've been reading about the House bill that was passed,
what was it a week ago or two weeks ago,
that it was going to add two trillion dollars to
(07:29):
the debt over ten years. Well, you add in the
DOGE cuts, the recisions package. Afterwards, you have a booming,
expanding economy. We can manage that and the country will
turn out fine, but it's no longer two trillion. Now
we're looking at five, six, seven, eight trillion dollars. They're
(07:53):
spending money like a bunch of drunken sailors. And so
Elon now is sounding the alarm. Rand Paul is now
in discussions with President Trump. And this is my message
to Trump, and I think this is Elon's message as well,
and I don't blame him. Tell the Republicans to fix it.
(08:18):
Tell the Republicans, for God's sake, cut the spending. Let
me repeat it, cut the freaking spending. Now. As I
told Grace last night we were having dinner, I said,
the most incredible thing about this entire bill, This keeps
COVID level spending levels. This spends more than Biden. So
(08:46):
we thought Biden's spending was out of control. This thing
spends even more than Biden. Well, what do you think
that's going to lead to? When you have this kind
of massive spending. It's going to lead to massive inflation.
It's gonna destroy the purchasing power of your money, my money.
Why because now all you're doing is printing money. The
(09:09):
FED is just gonna print and print and print and print.
And print. So the purchasing power of our dollar is
gonna be worth nothing. So yeah, we'll have a booming economy. Great,
I love it. But you know you can't do tax
cuts and spending cuts. No, no, no, no. Here's what happened.
(09:31):
And I said this to Grace and I want to
repeat it. Trump got screwed by the House Speaker again,
just like Paul Rhin O'Ryan screwed him in his first term,
Johnson screwed him. Now in the second term. There was
stuff in this twelve hundred page bill. They loaded it
up with everything. I mean, every special interest, every district,
(09:56):
every constituency, you name it. They gave away the store.
I mean, this spending is it's outrageous. Now COVID is over,
COVID is over, the Biden administration is over. We can't
(10:16):
go back to pre COVID spending levels. I'm talking twenty nineteen.
So what Rand Paul is saying, what Mike Lee is saying,
what Ron Johnson is saying, what Rick Scott is saying,
what Elon Musk is saying, and frankly, what many in
MAGA now are saying is to the president, a five
(10:40):
trillion dollar increase in the debt ceiling is not the
hill to die on. I didn't vote, and I was
looking at my two children when I was talking to Grace.
We were driving back. We went out to eve. We went
to Chipotle's because the kids love it. So that's a retreat.
(11:00):
Six one seven two six, six sixty eight sixty eight
is the number. Okay. Elon musk Now sends political shock
waves really across the entire political landscape. Maga now is
on notice. They did not know some of the provisions
(11:20):
in the bill. It's a thousy, two hundred page bill. Again,
it's like pelosis. You have to pass it to find
out what's in it. So we're starting to find out now.
And this is you want to talk about out of
control spending. Holy mackerel, Holy mackerel. So anyway, Elon now
is sounding the alarm. He is now coming out completely
(11:44):
against the so called big beautiful bill. Not that he
doesn't like many provisions in it, he loves them, but
look at it from his point of view, you know.
And I was just talking about this with Sandy and
Mike in our pre show meeting. I go look at
the slings and arrows. This guy is taken the attacks
on him personally, his life is literally in danger. His
(12:07):
name is now mud for many many Americans. He has
to have twenty security guards around him around the clock.
Tesla dealerships firebombed, Tesla dealerships shot up, Tesla is being attacked,
or Tesla drivers being attacked. Because he dared to lead
(12:28):
the charge on DOGE to cut waste fraud and abuse,
and he and his team found one hundred and seventy
five billion dollars in out and out corruption, blatant misuse
of taxpayer dollars, saying and there's more defined, saying well,
(12:49):
eventually we're gonna get to one trillion. You watch, and
he becomes persona non grata in Washington. The liberal media
has a target on his back. And then you find
out that they're going to raise the national debt ceiling
five trillion dollars. So, you know, Grace and I were
(13:11):
talking about this, as I said earlier, and I said,
you know, let's not quibble, okay, one hundred and seventy
five billion, let's just say two hundred billion. Okay, that's
that's what they found in waste fraud and abuse. I said,
you know, that's that's a rounding number. Now, so at
this point, well, let's just raise the debt ceiling, not
the five trillion, but the five point two trillion. I mean,
(13:32):
the hell with the Doache cuts, because that's what two
hundred billion is. Instead of five trillion, it's five point
two trillion. Like, there are hundreds of billions of dollars
are now nothing in this bill. Nothing, And so Elon
is looking at this and he's like, so let me
get this straight. I take tremendous damage personally, financially, economically,
(13:58):
my companies are hemorrhage and cash and my family's living
under constant death threats, and you guys, it's everything I've
saved for the American taxpayer. You guys almost turn it
into a rounding number because you're increasing spending and the
national debt. And in fact, just so that you know, okay,
(14:22):
Rand Paul went to the leadership and he said, I'll
tell you what. We'll pass the bill, the big beautiful bill.
We'll pass it. Okay, we'll pass it. All the tax
cuts stay, the border security stays, the military spending, everything stays.
We just and we don't cut a penny in spending.
(14:43):
All we do all I'm asking for is, don't lift
the national debt ceiling. Don't raise it by five trillion,
just raise it by five hundred billion dollars. That's it,
just five hundred billion. Leadership turns to him and says,
are you crazy. We'll be back in three months. We'll
(15:05):
have to raise the debt ceiling again. Do you know
how embarrassing that is for us to have to keep
voting to raise the debt ceiling? And Rand Paul's response is,
we're gonna burn through half a trillion dollars in debt
in three months, and you guys don't have the guts
(15:28):
to make the tough choices to cut the freaking spending
so we don't literally bankrupt our country and mortgage the
futures of our children and grandchildren. I'm sorry, no deal,
no deal, absolutely not, no way, no way. This is outrageous.
Speaker 2 (15:55):
Now.
Speaker 1 (15:55):
And remember, these are the same Republicans who excoriate Biden
rightly for two trillion dollar deficits and for adding eight, ten,
twelve trillion dollars to the national debt. And they were
the ones who said, get it, give us, give us
control of Congress. We're going to limit the scope and
size of the federal government. We're gonna cut the federal bureaucracy,
(16:19):
We're gonna cut spending, We're going to start to balance
the books. We're going to start to be fiscally responsible.
Now under this bill, they're going to spend even more
than the Democrats. So what credibility are the Republicans ever
gonna have? Again? But to me, forget the politics of this.
(16:45):
I didn't vote to increase spending by five trillion dollars.
I didn't vote to have the national debt go from
thirty seven trillion to forty five trillion in a couple
of years. Have these people lost their mind? So look
(17:06):
what they gotta do is no, The answer is no.
There's much in it. Everything that Trump campaigned on that's
in the bill is magnificent that we're gonna keep, obviously,
But no, no, the pork barrel spending, no, no, no, no,
the five trillion dollars in raising the national the debt ceiling,
(17:28):
no no no no, the record budget deficits no no no, no. Okay, no,
you're gonna start to cut the spending. You're gonna get
rid of the pork No. No, We're gonna start to
be grown ups. If I spent like this. If you
spent like this, we'd be bankrupt. No one gave them
(17:51):
a blank check to destroy and financially ruin our country.
And I'm sorry, but I've got to say this. I
know Elon is taking blowback from some people in MAGA,
and I honestly I don't know why, because he's just
being an honest man. He's being actually very loyal to
Trump saying, look, I'm not going to sugarcoat it anymore.
(18:12):
Here's what I honestly think. This is what's in the bill. Okay,
but this is a man, the wealthiest man in the world,
who spent literally hundreds of millions of dollars to help
Republicans win the White House, win the House, and win
the Senate, and Mike Johnson and John Thune and the
(18:36):
entire congressional leadership have managed to screw all of this up.
You can also text the cooner Man at seven zero
four seven zero seven zero four seven zero, and as always,
you can message me on Messenger. This is from Nancy.
She wrote me maybe about fifteen minutes ago Jeff cut
(18:58):
the Waiste and passed the damn bill. I'm with you
all the way, Nancy, all the way all the way.
This is from Dave, our Western PA constitutionalist correspondent. He
good morning, well, good morning to you, Dave. Jeff this
big beautiful bill is too big on spending. I'm with you, Dave. Look,
(19:25):
let me just play two cuts and then want to
go to the phone lines. Elon kind of telegraphed, Now,
this was a couple days ago and he was interviewed
by CBS, and he kind of telegraphed his growing opposition
to the bill that he wasn't happy, he didn't like
the direction that he was going in, that he was
(19:45):
starting to see things in the twelve hundred pages that
he found shocking, especially all of the out of control
massive spending, and the pork listened to him, said you
could tell he didn't like. Here's what he said, roll
cut twelve.
Speaker 3 (20:03):
Mike, you know, I was like disappointed to see the
massive spending bow frankly, which increases the budget depths, if
not doesn't decrease it, and that reminds the work that
the Noch team is doing.
Speaker 4 (20:19):
I actually thought that when this big beautiful bill came along,
I mean, like everything he's done on Doge gets wiped out.
Speaker 1 (20:25):
In the first year.
Speaker 3 (20:27):
I think I think a bill can be can be
can be big or it can be beautiful, but I
don't know if it could be both my best opinion.
Speaker 1 (20:35):
So you know he's right. I mean he big as
in big and that kind of spending his I mean,
he's this multi trillion dollar deficits. You know it un
forget the first year, it undoes everything. Doge uncovered in
one month? What year in one month? So no, he's
(20:57):
talking about this kind of multi trillion dollar deficits again,
two point five trillion dollar budget deficit. Biden hit two trillion.
This is going to be two point five trillion. So
he's like, look, it can be beautiful, but it can't
be as big as in spending and debt and deficits. No,
it's it can't be. He's right now. So then he
(21:20):
went on Twitter whatever x yesterday and again I want
to repeat what he said because this is now the
bill I think now is going to be fixed. I
pray to God it's going to get fixed. After Elon
came out with his very public vocal opposition, So here's
what he wrote. I'm sorry, but I just can't stand
(21:43):
it anymore. This massive, outrageous, pork filled Congressional spending bill
is a disgusting abomination. Shame on those who voted for it.
You know you did wrong, you oh it And of
course really had tipped to Rand Paul who uncovered the
(22:07):
increase of five trillion dollars in lifting the national debt ceiling.
I mean, this is so whoaoa, whoa, whoa. I thought
we were talking two trillion that we're going to be
spending over ten No, these guys want to spend five
trillion in the next two years. WHOA All right, Peter
(22:32):
Doucy on Fox. Of course this is massive news. This
now puts the bill in it's got to be changed.
I don't think it's going to sink it or tank it,
but now it gives the critics, the Republican conservative critics
of the bill, a tremendous amount of support in their argument,
(22:54):
we got to start to cut the spending. Come on,
this leadership is screwing, screwing Trump, screwing MAGA, screwing the country,
screwing our children, our grandchildren. No, this is out of control,
so Deucey asks Caroline Levitt. Is Trump mad at Elon
(23:17):
for so vocally and forcefully coming out against the bill.
Listen to her response Roll cut twelve a a mic.
Speaker 5 (23:29):
How mad do you.
Speaker 1 (23:29):
Think President Trump is going to be when he finds
out that?
Speaker 3 (23:31):
Elon Musk said, I'm sorry, but I just can't stand
it anymore. At this massive, outrageous, pork filled congressional spending
bill is a disgusting abomination.
Speaker 1 (23:40):
Shame on those who voted for it.
Speaker 5 (23:42):
You know you did wrong. You know it.
Speaker 1 (23:44):
Look, the president already knows where Elon Musk stood on
this bill. It doesn't change the President's opinion.
Speaker 2 (23:49):
This is one big, beautiful bill, and he's sticking to it.
Speaker 1 (23:53):
I don't know. I don't know. I don't know. I
think this is a I don't know if this is
the hill he should die on. I don't And I
think it's sort of like political gravity. And I understand
where Trump is coming from. Please don't get me wrong.
I love the guy. I love the guy, and there's
so much in this bill. I think it's going to
(24:15):
be one of you know, it's gonna be one of
the greatest bills this country's ever passed. As I said,
I think just the tax cuts alone, just the tax cuts,
you're you're looking now at a massive economic boom. You're
going to see the stock market skyrocket. I think you're
going to see wages go way up. I mean, we're
(24:38):
going to be looking at an economic expansion, maybe unrivaled
in the history of the United States. Never mind, it
builds the border wall. It provides one hundred and fifty
billion for mass deportations. I mean, there's so much there.
The Golden Dome, a missile defense shield that will protect
our homeland really for the next twenty twenty five thirty years.
(25:03):
There are amazing, incredible aspects to this bill. But guys,
come on this. This this is a level of deficits
and debt that is unsustainable. And I think on that
Elon is correct. And so what I'm hoping is that
(25:24):
Trump gets on the phone with Elon, gets on the
phone with Ran, Paul gets on the phone with Mike
Lee and says, Okay, where can we cut all right?
How do we improve this? How do we fix it?
We've got to get to spending down obviously, and send
it back to the House and then get it past.
(25:45):
But I don't know if it can survive as is.
I mean maybe I don't know. So I want to
here it is. I want to set the table. Then
I want to take everybody's calls. Six one seven two, six,
six sixty eight sixty eight is the number. Let me
ask you a series of questions. Number one, do you
(26:06):
agree with Elon Musk's criticism of the Big Beautiful bill
or do you think he should have just stayed silent?
Do you feel that Elon in some ways has betrayed
the president? I'm just curious on the larger issue itself,
(26:27):
are you now four or against the bill as is?
There's no question there are many outstanding aspects to the bill,
but as is now do you support it? Or do
you think Elon and the fiscal hawks in the Senate
are right that they need to cut the spending and
(26:49):
not by a little, but by a lot. Where do
you stand on this? Six one seven two six, six
six sixty eight is the number? And let me ask
you one final question. We're now looking at five to
eight trillion dollars with the t that is gonna be
(27:13):
added now to the national debt. It's gonna break the
bond market. People are saying this could lead to massive inflation.
It could lead to our interest on the debt exploding
to one point five even two trillion dollars? Is this
a bridge too far? In other words, has the swamp
(27:36):
now almost planted the seeds of its own destruction by
spending so outrageously, so recklessly, so irresponsibly, that now the
country is just gonna say, no, we're done, We're done.
You guys are spending. Really, you're gonna spend this off
(27:56):
a fiscal cliff? Is this just too much spending that
will break our economic back? That's Elon's central argument, and honestly,
on this issue, I think he's right. Six one seven two, six,
six sixty eight, sixty eight is the number. Okay, Elon
says the big beautiful Bill has got way too much
(28:21):
pork and spending. He now says it is a disgusting abomination.
It is going to lead to record debt, record deficits,
and will essentially bankrupt the United States in a couple
of years. Cut the spending. Do you agree with Elon
Anthony in Michigan? You're gonna kick us off, Anthony, thanks
(28:43):
for holding and welcome.
Speaker 4 (28:46):
Thank you, Jeff. Let's get to it. A lot of
people forget that Elon has been on the verge of bankers.
See a couple of times, both with SpaceX and with
the model three. And I want to propose a question
today to counter country Kibono. Who benefits? Do they not
want the growth? You know, Kathy Wood's talking about us
going from to seven point three to ten percent growth
(29:07):
with this golden age of all these technologies kicking in.
I want to post something to.
Speaker 1 (29:12):
You, Jeff.
Speaker 4 (29:13):
If his team can solve full self drive FSDF and
autonomy and eventually that will go to his semi trucks.
These are paradigm changing technologies and it also works in
the robot. If he can do that, why the heck
can't congress balance the budget? This team could probably write
a program to do it. And this drives me crazy
(29:34):
because you know, I'm gonna pose a question, and there's
probably a lot of people that work for Fidelity audience,
Why the heck do we need a bond market to
fund all this stuff to balance a budget? You and
Grace do it at home, don't you? Come on, guys
and gals. I'm so disgusted with all of them, Jeff.
And you know, Elon said he's gonna throw a hundred
million in the pot and try to throw a lot
(29:55):
of these people out office. And the next next go around.
Speaker 1 (30:00):
Well, you're right, that's what he said. That if if
they pass this as is, because you know, he likes
a lot the Trump campaign promises he loves that are
in the bill, but he says, if they pass this
spending monstrosity, he says, everybody who voted for it, he's
going to you know, primary whatever fund the primary or
(30:20):
fund election campaigns, as he puts it, they're going to
all be fired. He says, the people are not going
to put up with this. And you know, Anthony, I
think the Republican leadership, I think they've misread the room.
They just thought, well, just you know, get it done,
get it done by hook or by crook, and I
don't think they realized, Yeah, we want what Trump promised,
(30:42):
but we don't want five trillion dollars added to the
national debt within two years, for god's sake, raising the
national debt ceiling. These people are insane. We also want
spending under control. We wanted Trump to cut spending, and
he promised he would. Now I understand Trump is saying
there's going to be recision cuts coming after this, but
(31:05):
they've already got five trillions set aside to spend. This
is out. I mean, Anthony, this is sickening. And look, Anthony,
let me ask you point blank, because this is literally
the analogy. You bring in two thousand dollars a month income,
you spend five thousand dollars in expenses every single month.
(31:26):
Tell me, Anthony, how long do you and your family
survive before this whole thing goes kept put? I mean,
can could you sustain this over a long period of time?
You take in two thousand, but you spend five thousand
every month. Could that work for you and your family? Anthony?
Speaker 4 (31:44):
Jeff? In fact, at some point you would be bankrupt.
And that's where we're going with the potentiality of our
currency going bye by. I think the only saving grace
is and there's something been some hints of it that
the number of the amount of federal lands we have
that I have not been explored in terms of what
are the resources within it that could be extracted in
(32:06):
a judicious and environmentally friendly fashion. Is that worth the
you know, worth seventy trillion or some outrageous number that
essentially we have no budget in balance and we don't
know about that. But that is a long shot, Jeff.
But yes, my family, would you know at some point
the creditors come calling and you're looking at chapter eleven.
(32:27):
And I'll tell you, Jeff, it's your kids and my
kids that are feeling the pinch. We know we still
go out to McDonald's and it was pocket change. What
do you go out and spend a McDonald's now just
for a burger and a fries and a drink. The
inflation that is insane. I do the food shopping in
the house.
Speaker 1 (32:43):
I see it, Anthony, thank you. I'm with you, brother,
I do the food shopping as well. I see it
all the time. So this is I'm saying. Look, it's
as Elon said to his credit, it's unsustainable. It's unsustainable. Anthony,
thank you very much for that call. I really appreciate it.
Larry in Lemonster, thanks for holding Larry, and welcome.
Speaker 5 (33:08):
Jeff. You need to help me. I'm kind of confused.
So last week you were telling us that they had
to pass the bill, and now you're saying, let's put
the brakes on it.
Speaker 1 (33:18):
What happened the five trillion in the national debt, the
debt ceiling increase? I had, well, I no one knew
about that last week. I mean at least I didn't
and when Rand Paul came out with that what was
it a couple days ago and said, guess what I
found in this twelve hundred page bill. I'm okay, what, well,
(33:40):
they're going to raise the debt ceiling by five trillion.
I'm like what, I didn't know that? So, Larry, that
was the difference, you know, Like I said, you know,
they were talking two trillion over ten years. Okay, you
do the doage cuts, the tariffs kick in, you do
some cuts out afterwards. You've got a booming, booming economy.
(34:04):
We can handle that. But now when they're talking about
adding five six, seven, eight trillion dollars into the national debt,
holy mackerel. And you see, Larry, this is the problem.
They give us these massive omnibus bills, these huge bills,
(34:27):
always thousands of pages long. Why don't they just give
us small, single bills like we used to do in
this country. So you give us a tax bill, you
give us a border bill, you give us a military bill,
you give us you know, you just so we know
what to vote on what's being discussed. If it doesn't pass,
(34:50):
you can kick it back, fix it, try to pass
it again. No, what they do now is they pass
these thousands of pages, they load everything that's where all
the graft and the corruption is, and you end up
finding You're lucky if you end up finding stuff that's
in it in time to try to change it. But Larry,
(35:11):
the answer, that's the long answer. The short answer is
when rand Paul and then Elon said, well, Rand Paul
told Elon, and that's when Elon said, I can't stay
quiet anymore about the five trillion that they're going to
raise the death ceiling. And that's just in two years,
in two years, the five trillions already, that's we're going
from thirty seven to forty two in two years, plus
(35:35):
a two point five trillion dollar budget deficit, so we're
basically at forty five trillion in two years three years.
I didn't know there was that much spending. Holy oh,
I'm almost said it, Holy mackerel. So that that that's
what changed me, Larry. But go ahead, please, Jeff, you
(35:55):
can't do that.
Speaker 5 (35:56):
You can't change We're in an assault.
Speaker 2 (35:59):
I've been told for the last.
Speaker 5 (36:00):
Year the MAGA follows whatever we're told to do. How
is that possible? You change your mind, Jeff?
Speaker 1 (36:10):
I'm sorry, Larry. Larry, let me ask you, my friend,
are you with Elon on this or do you think
Trump should dig in and just get this thing done
as is?
Speaker 5 (36:25):
I'm for term limits. This is a prime example of
why we should have term limits. By now. There should
be two separate bills. There should be one nothing but
the cuts that Trump wants, nothing but everything he wants
done to improve the country, and then a separate spending
bill that everybody can look at. Everyone can, you know,
(36:47):
say yay or nay on the different things and go
from there. The only saving grace in my opinion right
now is actually the Democrat if you can believe this,
they are so painted into a corner they're not allowed
to agree with anything the Republicans do or say. If
sheep Trump because of those would we talked about last
(37:11):
week four holdouts that now we know why they're holding out.
This would have passed without a Democrat vote. They're not
going to try and pass it now because they're still
stuck on everything Trump does as bad. We can't vote
for anything, just like they couldn't, you know, clap for
(37:31):
a thirteen year old cancer survivor. That's the only thing
that's given them time to in my opinion, to say, hey,
we're ringing this alarm bell. We got to fix this
before we get it passed.
Speaker 1 (37:46):
Uh, you're dead on a laria. I think you put
your finger right on it. And look just you know,
and again Rand Paul I gotta give him his due,
came out and said, here, why don't you see like
leadership doesn't want to do this? He goes, but why
doesn't Leadershi just go back and say here, we're just
going to pass the tax No tax on tips. It's
(38:07):
going to pass the House, it'll pass the Senate. Trump
will sign it, force the Democrats to vote against it. Boom,
get it out of there. No tax on overtime, same thing.
It'll pass the House, it'll pass the Senate. Democrats will
vote against it. First of all, it's politically will it
will devastate the Democrats. But Ran Paul's point is, then
(38:29):
we know where everybody stands on every single issue. So
you get the taxes done, which is going to help
the economy. Boom, and then we can do an immigration bill.
Who's against the wall, Let's find out who's against funding
massive deportations. Put that through. This is how we used
(38:51):
to do things in this country. Now it's just cram
everything through, I mean even the kitchen sink. Throw it
all in there. Why because then every special interest gets greased,
every lobbyist gets paid everything. They spend everything under the sun,
they fund everything under the sun, and it's the corruption.
(39:16):
They don't want to stop it. So you're right, Larry,
Just break it up into chunks and just pass, pass, pass, pass,
up or down, and the Democrats will be forced to
vote against it because they're consumed with Trump arrangement syndrome,
and they'll never win another election in Nevada. Again. You
(39:39):
didn't vote for no tax on tips out, hold on
any working class area. Hold on, you didn't vote for
no tax on overtime out. You didn't vote for the
wall out. You didn't vote for, you know, adding thousands
of people to ice and Order patrol for the mass
(40:01):
deportations out. You didn't vote for the Golden Dome, the
missile shield out. Hold on, you didn't vote to get
one point four million illegal aliens off the rolls of
Medicaid out. So you can take the really good parts
(40:23):
of the bill that Trump campaigned on and vote on
that one after another after another. Instead, you've got Big
Mike and Senator John Thune telling Trump he hey, no, no, Donald,
we got mister president. We got it. One bill, one
(40:43):
big beautiful bell, like you said, one big beautiful bill,
and it's easy, easy, pasy. And by July fourth we
get everything done and we can go and have a
nice summer break. And now we know why they wanted
to load the thing up with pork. And you've got
(41:04):
poor Elon Musk breaking his back working twenty hours a
day working at DOGE, and they're finding cuts. You know
it is fraud. Here waists their abuse there and he
looks and says, what you guys are gonna wipe out
my DOGE savings in less than four weeks, five trillion
(41:26):
dollars added to the national debt. Again, Rand Paul, I
don't want to repeat myself. Ran Paul goes to the
leadership and says, you got it. You got it. Everything
in the bill, everything in the bill. We will vote
for one change. You don't lift the debt ceiling to
(41:48):
five trillion. You just lifted to five hundred billion. That's
half a trillion dollars. Zoom tells him to his face,
we'll be back in three months. Rand Paul says, what
we're gonna burn half a trillion dollars in three months.
And he's like, yeah, he goes, your people are insane.
(42:11):
You're spending us. You're gonna you're spending us into bankruptcy.
He says, no, Then come back in three months and
then vote to raise the death ceiling again, and this
time you're gonna be forced to make spending cuts. And
they don't want to do that. So Rand Paul caught him.
So that's why, Honestly, if the president's people are listening,
(42:32):
here's my advice. Rand Paul's given everybody an exit ramp.
The president if he wants to Bill as is, fine,
say I'm with Rand on this. Change one thing, one thing,
just one thing. You don't raise the debt limit to
five trillion. Raise it to five hundred billion. That's it,
and we'll come back in three months. That's not what
(42:52):
we're gonna spend this money in three months. Okay, We're
gonna come back in three months. And then the next time,
you got to raise the debt ceiling again. Cut, cut,
got cut. You're gonna be held accountable. You're gonna make
tough choices. You're gonna have to make some real spending cuts.
Not just yak yak yak. You're gonna have to really
do it. We'll see. But Larry, what's very clear to
(43:15):
me is they don't intend to cut a penny. So
Elon is looking at this and saying, so I'm left
holding the bag. I do all the hard work, I
find all the waste, fraud, and abuse. My name is
in the mud. My company now has lost billions and
billions of dollars. I sacrifice so much, and these guys
(43:37):
are gonna turn everything I saved into a rounding number
five trillion dollars and we're not gonna have a I'm
telling you, financially, there's no way you can survive this.
And that's why Elon's saying, Look, guys, it's a disgusting abomination.
I mean, they're this is Joe Biden on steroids. Larry's
(44:02):
final word to you.
Speaker 5 (44:05):
All Right, Jeff, we had this discussion back during Trump's
first term. We're talking about the VA and I said,
I've been in the system for twenty five years and
I went through both sides, Democrat and Republican presence. I
told you before Trump it didn't matter who was in
the White House because the idiots in Congress make those
(44:27):
decisions affecting the VA. It wasn't until Trump started getting
bold and yelling at them publiclyes fix it the things
started to change. This is no different. Whoever's in the
White House gets great ideas, does all this stuff. It's
the back room deals that they're not aware of and
they're kept in the dark on that is the death
(44:48):
of this country. It's got to change.
Speaker 1 (44:52):
I'm with you all the way, all the way, Larry,
as always, thank you so much, my friend John in Bedford.
Thanks for holding John and welcome.
Speaker 2 (45:03):
Good morning, goodre and Jeff Hiff. What's the big what's
the biggest albatross around Trump's neck right now is Terris
and the biggest country that he wants to get to
is China. So as you just said earlier, that this
bill passes, it's going to wipe out the bond market. Now,
who holds the largest amount of bonds and for the US.
Speaker 1 (45:26):
China, Communist China, yep, so wipe out.
Speaker 2 (45:30):
It'll wipe out the bond market. Bring them to the
table faster than they and they know, they know this
bill is out there floating around and you know, ran
Paul Elon making a mess of it, you know, pretending
you make a mess. Because Trump's the master of the
out of the deal. So they're out there going, we're
gonna get decimated. This bill passes. China's looking at each
(45:53):
other going, we're decimated. We won't have nothing. So and
that's where Trump wants them, but nothing. Once China falls,
everybody falls, the Democrats fall. China can vote, I mean,
truck can vote next year for the wage bill and
all these other bills. I don't think that's important right now,
but to get the tariffs in line, to get China
(46:15):
in line and destroy the Democrats.
Speaker 1 (46:18):
So, John, I think what you're saying is just past
the bill. Correct, past the bill.
Speaker 2 (46:24):
It's the out of the deal. He knows what he's doing.
Speaker 1 (46:27):
Past the bill.
Speaker 2 (46:28):
The bill probably won't even get past. China will come
to the table screaming because they're the largest bondholder in America, right, trillions,
They have trillions. If they want their money back tomorrow,
they would bankrupt us, right. I assume that would be
the case.
Speaker 1 (46:45):
John, So And I think your your further argument would
be that the spending cuts, although you know Coooner may
want them, Elon may want them, many people may want them,
it's not going to pass the House. And if it
doesn't pass the House because the Rhinos won't vote for
these spending cuts, then you're going to get nothing. You're
(47:06):
going to get no bill, and then you're going to
have massive tax increases are going to kick in because
the twenty seventeen tax bill is going to expire, and
so that's going to destroy the economy. So I think
your argument is, I would assume on top of your
argument would be, it's the only game in town. Pass
(47:28):
the bill. If you want to cut spending, do it later,
but pass as is. If not, you're looking at a
massive tax increase.
Speaker 2 (47:36):
Correct it that's going to bring with China right to
the table because it's going to destroy the bottom line
is it's going to destroy the bond market, and the
bond markets help by China. So how are you going
to get them to the dance? For?
Speaker 1 (47:49):
Interesting? Very interesting? John, Thank you very much for that call.
I really appreciate it. Look, let me ask all of you.
You just heard John. He's saying, just pass the bill.
Trust Trump, he knows what he's doing. We can handle
the debt down the road. But right now what's important
(48:10):
is get the economy booming again, get the border secure,
fulfill his central campaign promises, and it will be used
even this will be used as leverage against China. Agree, disagree?
Who do you side with on this? I want to
hear from everybody. Six one seven two six six sixty
(48:33):
eight sixty eight. Elon Musk now against the bill, he
says it's an absolute abomination. Do you agree with him?
And do you feel that maybe he stabbed Trump in
the back. That's what some are saying, not many, but
some are saying that. I'm just curious if you feel
(48:53):
that way. And furthermore, if you are a member of
Congress or a member of this Senate, would you try
to pass it as is? Or do you think they
need to start cutting the spending?
Speaker 2 (49:07):
Now?
Speaker 1 (49:08):
Where would you? How would you vote? Now? Six one
seven two six six sixty eight sixty eight And let
me just ask all of you. Is it me or
is this like a clown car that you've got Mike
Johnson and John Thune. I mean, I'm looking at this
(49:30):
and I'm like, first, it took them six months to
put this thing together. Where now June the bill? If
we're lucky, we'll be on the President's desk by July fourth.
And now we find out there's a massive, jargantuan amount
of spending, unprecedented spending in this bill.
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