June 6, 2025 • 16 mins
You knew it. I knew it. Truth be told President Trump and Elon Musk probably knew it too last week when they had one last big, beautiful DOGE themed Oval Office meeting for the world to see.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The Brian Monsho podcast is driven by Brayman Motor Cars.
My family is a Brayman Motor Cars family. Your family
should be too. Visit Braymanmotorcars dot com. Hey, thanks for listening,
and welcome back to the Brian Mud Show.
Speaker 2 (00:17):
Time now for today's top three takeaways.
Speaker 1 (00:20):
Oh yeah, it wasn't Mother Russia that went nuclear.
Speaker 2 (00:24):
He was Elon.
Speaker 1 (00:26):
Full gap band material by Elon, So yeah, then it happened.
Speaker 2 (00:32):
Then it happened. I've always liked Elon, and that's all.
Speaker 1 (00:37):
I was very surprised.
Speaker 2 (00:38):
You saw the words he had for me, the words,
and yes, I said anything about me that's bad. I'd
rather have him criticized me than.
Speaker 1 (00:45):
The bill because the bill is incredible.
Speaker 2 (00:48):
Ooh ooh, Okay, you knew it.
Speaker 1 (00:54):
I knew it, and truth be told, President Trump and
Elon Musk probably knew it too. Last week when they
had had one last big, beautiful Doge themed of office
meeting for the world to see. You knew, I knew,
and they knew too that it would be a rocky
relationship roade that they would be traveling down from there
and for one highly disputed bill that Trump thinks is
(01:18):
big and beautiful, and Elon thinks is a disgusting abomination,
and that I've dubbed most recently the oh bit, you know,
the one big indeterminant thing. So anyway, yesterday was that day,
and it was none other than our White House correspondent
John Decker, John Decker who asked the question in the
(01:39):
Oval Office yesterday that took the conversation to.
Speaker 2 (01:45):
That place, to that place. John artfully asked this question, Elon.
Speaker 1 (01:54):
Musk and your big beautiful bill, what's your reaction to that?
Speaker 3 (01:57):
Do you think it in any way hurts passage in
the Senate, which, of of course, what is your seeking?
Speaker 1 (02:02):
And while he has that, Trump was looking down and nodding,
and when John concluded, he looked up and said this, well, look,
you know, I've always liked Elon, and when he started there,
you knew the nice thaties. We're done continuing, and so
I was very surprised. You saw the words he had
(02:22):
for me. This is what I played for you, and
he hasn't said anything about me that's bad. The kid
at that moment was yet but when he said, I
would rather have him criticize me than the bill, because
the bill is incredible. Boy, what is Trump saying there
he's saying that calling his baby the BBB ugly is
(02:45):
worse than calling him ugly, and you know how well
that generally goes. He said, it's the biggest cut in
the history of our country. By the way, this is true.
If you factor in that this permanently enacts that Trump
tax policy for his first term, it's about one point
six trillion dollars in cuts. That number is entirely true.
Speaker 2 (03:07):
By the way.
Speaker 1 (03:08):
I'm going to come back to that point in a minute.
It's the biggest tax cut. People's taxes will go way down,
and if you earn tips or overtime, that is true.
We are doing things in that bill that are unbelievable.
It's probably the point everybody agrees on, just not for
the same reasons. And you know, Elon's upset because we
(03:29):
took the EV mandate, which was a lot of money
for electric vehicles. True about the money funnel to EV's
at a minimum, I know that disturbed him. Okay, So
this is highly problematic because the implication is that, of
course Elon isn't mostly concerned about the future of the country,
but instead the potential future performance of Tesla. Continuing, he
(03:53):
said he recommended someone to run NASA, and I didn't
think it was appropriate. He happened to be a Democrat,
like totally a Democrat. And at that point it was
really old boy territory. Because now now we're into the
(04:13):
airing of grievances. And it's around this time that I
got a text from John. Right there President answering his question,
it's like, you need to see what's going on here.
Trump continued by saying I can understand why he's upset,
(04:35):
the implication again being the ev thing, and then Trump
rejecting his NASA pick. He was here for a long time,
and you saw a man who was very happy standing
behind the OPAL desk, and even with a black eye. Again,
this was the question about the big beautiful bill, and
must kept opposing it. Now we're onto a black guy,
(05:01):
and I said, you want a little makeup? What gets
you a little makeup? And he said no, which I
said was interesting and very nice. He wants to be
who he is. Look, Elon and I had a great relationship,
and at that point I picked up on the word
had Elon and I had a great relationship. Takes me
(05:25):
to my second takeaway today when Trump said I don't
know if we'll have it anymore.
Speaker 3 (05:32):
Musk was watching and responded, whatever, keep the EV solar
incentive cuts in the bill, even though no oil and
gas subsidies are touched. Very unfair, but ditch the mountain
of disgusting pork in the bill. In the entire history
of civilization, there has never been legislation that both big
and beautiful.
Speaker 2 (05:48):
Everyone knows this.
Speaker 3 (05:50):
Either you get a big and ugly bill or a
slim and beautiful bill.
Speaker 1 (05:54):
Okay, So Trump is still going at this point, and
Elon has now started reacting. He's now started posting on
next to what Trump is saying. That's where we started.
Trump continued by saying, he said very nice things about me.
Speaker 2 (06:11):
He wore the hat.
Speaker 1 (06:12):
Trump was right about everything, and I am right about
the big, great, big, beautiful bill. Now four minutes later,
in that same sequence, he continued by saying, Elon endorsed me.
He campaign for me, and I would have won easily anyway.
(06:35):
We'll never know, but I'm disappointed. Elon knew he interworking
to this bill better than almost anyone sitting here, better
than you people. He knew everything about it. He had
no problem with it. All of a sudden he had
a problem, and he only developed the problem when he
(06:56):
found out we cut the EV mandate, because that's billions
and billions of dollars. Now, that statement came at the
eight minute mark of President Trump's answer to that question.
That was the point at which Elon he has more
stuff to say. The posting was prolific. He posted material
(07:20):
of him opposing the EV mandate in the first place
in twenty twenty one. Elon's been consistent on this. He
never was in favor of the EV mandates. He reposted
all posts a President Trump opposing increases to the debt ceiling.
He posted that the bill was never shown to him
even once, in that almost no one in Congress even
had a chance to read it. At this point, Trump
(07:42):
is now done with the Civil Office meeting, and he's
posting on truth. He said Elon was wearing thin. I
asked him to leave. I took away his EV mandate
that forced everyone to buy electric cars that nobody else wanted,
and he just went crazy, all caps.
Speaker 2 (08:04):
On the crazy. As you might imagine, that did not
go well.
Speaker 1 (08:09):
Elon reposted on x Trump's truth with a caption that read,
such an obvious lie, so said. He then posted a
poll question asking is it time to create a new
political party in America that actually represents the eighty percent
of the middle. Now, let's be clear about something. Eighty
percent of people are not in the middle the starting point.
(08:33):
But nevertheless, and Elon has actually gone more conservative than
most conservatives at this point, so I'm not really at
least by way of policy position on budgeting. That escalated quickly, right, Oh,
the other thing that escalated quickly was the sheer price
decline of Tesla's stock. Investors fearing retaliation by Trump against
(08:54):
Musk and Tesla plus fear of Trump supporters no longer
buying Tesla's at this point led to Tesla shedding over
forty dollars per share, close to fifteen percent of the
company's at IU yesterday. And then it really happened. Elon
went full nuclear by posting.
Speaker 2 (09:15):
This.
Speaker 4 (09:17):
It was part of the hours long back and forth
Musk posted. Without me, Trump would have lost the election
followed by such ingratitude. The president then mused, the easiest
way to save money in our budget is to terminate
Elon's governmental subsidies and contracts. That gave way to Musk
stating time to drop the really big bomb, Donald Trump
(09:38):
is in the Epstein files. That is the real reason
they have not been made public. Have a nice day,
d JT.
Speaker 2 (09:45):
There you go. So essentially, this is John Decker's fault,
this whole thing, right.
Speaker 1 (09:51):
You should tell John that's yeah, this is his fault
for asking the question. Yeah, it was going to happen obviously.
And so it's Friday, and I've had a crazy week.
I'm not going to get into it. It's not none
of your concern. I had a show work for you today.
(10:13):
I have completely reworked things most of the night. I
just want to walk you through a couple of things
here that are really important in this conversation. The implications
behind that are limitless, all right. For example, Epstein died
while Trump was president. If you want to engage at
(10:34):
a certain level, you can go to that place. This
is just about the highest stakes game possible of who's
telling the truth. How exactly would Elon have known what
was in the Epstein files? Did he really get to
see them?
Speaker 2 (10:51):
Now?
Speaker 1 (10:52):
This clearly puts the impetus behind the Trump administration to
drop the files enter the later. But what's now crystal
clear is that there is no real path for I mean,
we we're hearing now they're going to get on a
call today.
Speaker 2 (11:04):
That's interesting, But how do you how do you ever
walk back?
Speaker 1 (11:07):
It's getting about the whole Epstein file thing, what I mean.
And so it's possible that either Musk is right and
he went there without providing any facts to support him,
and Trump really is that guy. Or maybe there's the
(11:28):
one percent chance or so that I had mentally assigned
and occasionally what a spouse when like a Neuralink story
would come up, because I really do think like neuralink
is the market of the beast kind of territory. The
one percent chance that mentally assigned to Elon Musk being
the antichrist, richest man in the world, great deceiver, all
these things get everybody to like you at some point.
Speaker 2 (11:48):
And then so I don't know, maybe there's that.
Speaker 1 (11:52):
Let me quickly say this, with much more to come,
no Epstein victims had named Trump with all that Trump's
been through. If it were true, wouldn't there been someone
anyone who would have come forward and come clean?
Speaker 2 (12:08):
More?
Speaker 1 (12:09):
Still, Democrats impeached Trump twice, They indicted him four times,
They convicted him once, They tried to kill him twice.
They shot him once. If there is any validity to
Trump truly being linked to Epstein's proclivities, They're not going
to do. The Biden administration is not going to drop
that to take him down. Are you kidding me? Come on,
(12:30):
come on man. Also, what does this say about Elon?
If true that he was just gonna hang on to it,
if everything had just been cool to you?
Speaker 2 (12:39):
Point out Joel his his youngest son, little X. Yeah,
hand in hand with Trump?
Speaker 1 (12:45):
Yeah, yeah, that's all good, said all the nice things
he said about him last week, where he would have
known that information by then. So it doesn't really wash,
does It doesn't represent well any of it?
Speaker 2 (12:59):
And so ass what a mess.
Speaker 1 (13:01):
This takes his full circle with two important points. There
is no way that Elon did any of this to
pat his own pocket or to aid his companies. Not
only did he donate his own time to save the
country hundreds of billions, it was time not spent working
on making his companies hundreds of billions. Moreover, Elon's personal
network drops by over one hundred billion dollars since taking
(13:23):
on his role at DOGE due to the decline in
the price of Tesla stock alone. And it's true that
Elon only recently came out strong against the OBBB or
the DAB as Elon would frame it.
Speaker 2 (13:34):
And that's interesting.
Speaker 1 (13:35):
There could be more to it, although you could make
the case that it kind of lines up with the
timing of the scoring by the CBO and how much
new debt was going to be accumulated. So there is
a possible explanation for why he just suddenly took the
stance he did. But here's the thing, and this is important.
Elon probably did Trump a huge favor by going full
(13:59):
nuclear on him. Had he just a negative on the bill,
there is a really good chance he might have had
enough juice to kill it, given the significant influence he
had grown in GOP circles. But now that he went
to that place, that place he gives gopeers the political
freedom to act independently of his opinions. The bond between
(14:20):
President Trump and his supporters is far, far greater than
the affinity that had been grown for Elon within the GOP.
Quickly about the bill itself, because I can't just do
breaking down gossip stuff.
Speaker 2 (14:34):
I've got to do some other real things for you.
Speaker 1 (14:36):
The other important point is with regards to the one
point six trillion in cuts President Trump is talking about,
this is entirely true, and you might ask yourself, hold on,
how could it be true that there are one point
six trillion in cuts. But the bill is estimated to
ad somewhere between two to three trillion dollars the national
debt over the next secade. Two big reasons the president's
additional tax cuts for tips and overtime, which reduce this
(15:00):
revenue significantly to the federal government. So you can cut spending,
but if you cut revenue to the government by even
more than you cut spending, where you're going to get right.
And then the other piece, and this is the super
big thing piece, servicing the federal debt. As we've discussed previously,
the cost of the debt has now overtaken defense spending
(15:23):
as our country's second biggest expense. We're starting to get
to the point where the numbers increasingly don't work. So
let me put this in perspective for you. You hear
all these numbers that are now in the trillions, here's
one for you. What do you think the cost of
servicing the national debt is over the next decade. It's
projected to be thirteen point eight trillion dollars.
Speaker 2 (15:44):
And this is the real issue.
Speaker 1 (15:45):
Let's say for a minute that we didn't have to
service the national debt. The OBBB not only would be beautiful,
it would be downright gorgeous. It'd be like, wow, man,
you'd get a look at that bill because it would
reduce the federal debt by over ten trillion dollars. And no, Joe,
I don't think I could ever get to the point
(16:06):
where I take a look at legislation and go, man,
you know that thing.
Speaker 2 (16:09):
Is I mean, you know, sexy?
Speaker 1 (16:12):
Yeah, No, I don't think I know. But that's obviously
not reality. Just as you have to pay interest on
your credit card bills, whether you can afford to do
it or not, the country does too. When your credit
cards are close to max out, you don't get to
do all the fun and wonderful, potentially beautiful things that
you want to do.
Speaker 2 (16:30):
And that's where we are
Speaker 1 (16:31):
With the OBBB aka the DAB, or what I prefer
to refer to it as currently the o BIT.
The Brian Monsho podcast is driven by Brayman Motor Cars.
My family is a Brayman Motor Cars family. Your family
should be too. Visit Braymanmotorcars dot com. Hey, thanks for listening,
and welcome back to the Brian Mud Show.
Speaker 2 (00:17):
Time now for today's top three takeaways.
Speaker 1 (00:20):
Oh yeah, it wasn't Mother Russia that went nuclear.
Speaker 2 (00:24):
He was Elon.
Speaker 1 (00:26):
Full gap band material by Elon, So yeah, then it happened.
Speaker 2 (00:32):
Then it happened. I've always liked Elon, and that's all.
Speaker 1 (00:37):
I was very surprised.
Speaker 2 (00:38):
You saw the words he had for me, the words,
and yes, I said anything about me that's bad. I'd
rather have him criticized me than.
Speaker 1 (00:45):
The bill because the bill is incredible.
Speaker 2 (00:48):
Ooh ooh, Okay, you knew it.
Speaker 1 (00:54):
I knew it, and truth be told, President Trump and
Elon Musk probably knew it too. Last week when they
had had one last big, beautiful Doge themed of office
meeting for the world to see. You knew, I knew,
and they knew too that it would be a rocky
relationship roade that they would be traveling down from there
and for one highly disputed bill that Trump thinks is
(01:18):
big and beautiful, and Elon thinks is a disgusting abomination,
and that I've dubbed most recently the oh bit, you know,
the one big indeterminant thing. So anyway, yesterday was that day,
and it was none other than our White House correspondent
John Decker, John Decker who asked the question in the
(01:39):
Oval Office yesterday that took the conversation to.
Speaker 2 (01:45):
That place, to that place. John artfully asked this question, Elon.
Speaker 1 (01:54):
Musk and your big beautiful bill, what's your reaction to that?
Speaker 3 (01:57):
Do you think it in any way hurts passage in
the Senate, which, of of course, what is your seeking?
Speaker 1 (02:02):
And while he has that, Trump was looking down and nodding,
and when John concluded, he looked up and said this, well, look,
you know, I've always liked Elon, and when he started there,
you knew the nice thaties. We're done continuing, and so
I was very surprised. You saw the words he had
(02:22):
for me. This is what I played for you, and
he hasn't said anything about me that's bad. The kid
at that moment was yet but when he said, I
would rather have him criticize me than the bill, because
the bill is incredible. Boy, what is Trump saying there
he's saying that calling his baby the BBB ugly is
(02:45):
worse than calling him ugly, and you know how well
that generally goes. He said, it's the biggest cut in
the history of our country. By the way, this is true.
If you factor in that this permanently enacts that Trump
tax policy for his first term, it's about one point
six trillion dollars in cuts. That number is entirely true.
Speaker 2 (03:07):
By the way.
Speaker 1 (03:08):
I'm going to come back to that point in a minute.
It's the biggest tax cut. People's taxes will go way down,
and if you earn tips or overtime, that is true.
We are doing things in that bill that are unbelievable.
It's probably the point everybody agrees on, just not for
the same reasons. And you know, Elon's upset because we
(03:29):
took the EV mandate, which was a lot of money
for electric vehicles. True about the money funnel to EV's
at a minimum, I know that disturbed him. Okay, So
this is highly problematic because the implication is that, of
course Elon isn't mostly concerned about the future of the country,
but instead the potential future performance of Tesla. Continuing, he
(03:53):
said he recommended someone to run NASA, and I didn't
think it was appropriate. He happened to be a Democrat,
like totally a Democrat. And at that point it was
really old boy territory. Because now now we're into the
(04:13):
airing of grievances. And it's around this time that I
got a text from John. Right there President answering his question,
it's like, you need to see what's going on here.
Trump continued by saying I can understand why he's upset,
(04:35):
the implication again being the ev thing, and then Trump
rejecting his NASA pick. He was here for a long time,
and you saw a man who was very happy standing
behind the OPAL desk, and even with a black eye. Again,
this was the question about the big beautiful bill, and
must kept opposing it. Now we're onto a black guy,
(05:01):
and I said, you want a little makeup? What gets
you a little makeup? And he said no, which I
said was interesting and very nice. He wants to be
who he is. Look, Elon and I had a great relationship,
and at that point I picked up on the word
had Elon and I had a great relationship. Takes me
(05:25):
to my second takeaway today when Trump said I don't
know if we'll have it anymore.
Speaker 3 (05:32):
Musk was watching and responded, whatever, keep the EV solar
incentive cuts in the bill, even though no oil and
gas subsidies are touched. Very unfair, but ditch the mountain
of disgusting pork in the bill. In the entire history
of civilization, there has never been legislation that both big
and beautiful.
Speaker 2 (05:48):
Everyone knows this.
Speaker 3 (05:50):
Either you get a big and ugly bill or a
slim and beautiful bill.
Speaker 1 (05:54):
Okay, So Trump is still going at this point, and
Elon has now started reacting. He's now started posting on
next to what Trump is saying. That's where we started.
Trump continued by saying, he said very nice things about me.
Speaker 2 (06:11):
He wore the hat.
Speaker 1 (06:12):
Trump was right about everything, and I am right about
the big, great, big, beautiful bill. Now four minutes later,
in that same sequence, he continued by saying, Elon endorsed me.
He campaign for me, and I would have won easily anyway.
(06:35):
We'll never know, but I'm disappointed. Elon knew he interworking
to this bill better than almost anyone sitting here, better
than you people. He knew everything about it. He had
no problem with it. All of a sudden he had
a problem, and he only developed the problem when he
(06:56):
found out we cut the EV mandate, because that's billions
and billions of dollars. Now, that statement came at the
eight minute mark of President Trump's answer to that question.
That was the point at which Elon he has more
stuff to say. The posting was prolific. He posted material
(07:20):
of him opposing the EV mandate in the first place
in twenty twenty one. Elon's been consistent on this. He
never was in favor of the EV mandates. He reposted
all posts a President Trump opposing increases to the debt ceiling.
He posted that the bill was never shown to him
even once, in that almost no one in Congress even
had a chance to read it. At this point, Trump
(07:42):
is now done with the Civil Office meeting, and he's
posting on truth. He said Elon was wearing thin. I
asked him to leave. I took away his EV mandate
that forced everyone to buy electric cars that nobody else wanted,
and he just went crazy, all caps.
Speaker 2 (08:04):
On the crazy. As you might imagine, that did not
go well.
Speaker 1 (08:09):
Elon reposted on x Trump's truth with a caption that read,
such an obvious lie, so said. He then posted a
poll question asking is it time to create a new
political party in America that actually represents the eighty percent
of the middle. Now, let's be clear about something. Eighty
percent of people are not in the middle the starting point.
(08:33):
But nevertheless, and Elon has actually gone more conservative than
most conservatives at this point, so I'm not really at
least by way of policy position on budgeting. That escalated quickly, right, Oh,
the other thing that escalated quickly was the sheer price
decline of Tesla's stock. Investors fearing retaliation by Trump against
(08:54):
Musk and Tesla plus fear of Trump supporters no longer
buying Tesla's at this point led to Tesla shedding over
forty dollars per share, close to fifteen percent of the
company's at IU yesterday. And then it really happened. Elon
went full nuclear by posting.
Speaker 2 (09:15):
This.
Speaker 4 (09:17):
It was part of the hours long back and forth
Musk posted. Without me, Trump would have lost the election
followed by such ingratitude. The president then mused, the easiest
way to save money in our budget is to terminate
Elon's governmental subsidies and contracts. That gave way to Musk
stating time to drop the really big bomb, Donald Trump
(09:38):
is in the Epstein files. That is the real reason
they have not been made public. Have a nice day,
d JT.
Speaker 2 (09:45):
There you go. So essentially, this is John Decker's fault,
this whole thing, right.
Speaker 1 (09:51):
You should tell John that's yeah, this is his fault
for asking the question. Yeah, it was going to happen obviously.
And so it's Friday, and I've had a crazy week.
I'm not going to get into it. It's not none
of your concern. I had a show work for you today.
(10:13):
I have completely reworked things most of the night. I
just want to walk you through a couple of things
here that are really important in this conversation. The implications
behind that are limitless, all right. For example, Epstein died
while Trump was president. If you want to engage at
(10:34):
a certain level, you can go to that place. This
is just about the highest stakes game possible of who's
telling the truth. How exactly would Elon have known what
was in the Epstein files? Did he really get to
see them?
Speaker 2 (10:51):
Now?
Speaker 1 (10:52):
This clearly puts the impetus behind the Trump administration to
drop the files enter the later. But what's now crystal
clear is that there is no real path for I mean,
we we're hearing now they're going to get on a
call today.
Speaker 2 (11:04):
That's interesting, But how do you how do you ever
walk back?
Speaker 1 (11:07):
It's getting about the whole Epstein file thing, what I mean.
And so it's possible that either Musk is right and
he went there without providing any facts to support him,
and Trump really is that guy. Or maybe there's the
(11:28):
one percent chance or so that I had mentally assigned
and occasionally what a spouse when like a Neuralink story
would come up, because I really do think like neuralink
is the market of the beast kind of territory. The
one percent chance that mentally assigned to Elon Musk being
the antichrist, richest man in the world, great deceiver, all
these things get everybody to like you at some point.
Speaker 2 (11:48):
And then so I don't know, maybe there's that.
Speaker 1 (11:52):
Let me quickly say this, with much more to come,
no Epstein victims had named Trump with all that Trump's
been through. If it were true, wouldn't there been someone
anyone who would have come forward and come clean?
Speaker 2 (12:08):
More?
Speaker 1 (12:09):
Still, Democrats impeached Trump twice, They indicted him four times,
They convicted him once, They tried to kill him twice.
They shot him once. If there is any validity to
Trump truly being linked to Epstein's proclivities, They're not going
to do. The Biden administration is not going to drop
that to take him down. Are you kidding me? Come on,
(12:30):
come on man. Also, what does this say about Elon?
If true that he was just gonna hang on to it,
if everything had just been cool to you?
Speaker 2 (12:39):
Point out Joel his his youngest son, little X. Yeah,
hand in hand with Trump?
Speaker 1 (12:45):
Yeah, yeah, that's all good, said all the nice things
he said about him last week, where he would have
known that information by then. So it doesn't really wash,
does It doesn't represent well any of it?
Speaker 2 (12:59):
And so ass what a mess.
Speaker 1 (13:01):
This takes his full circle with two important points. There
is no way that Elon did any of this to
pat his own pocket or to aid his companies. Not
only did he donate his own time to save the
country hundreds of billions, it was time not spent working
on making his companies hundreds of billions. Moreover, Elon's personal
network drops by over one hundred billion dollars since taking
(13:23):
on his role at DOGE due to the decline in
the price of Tesla stock alone. And it's true that
Elon only recently came out strong against the OBBB or
the DAB as Elon would frame it.
Speaker 2 (13:34):
And that's interesting.
Speaker 1 (13:35):
There could be more to it, although you could make
the case that it kind of lines up with the
timing of the scoring by the CBO and how much
new debt was going to be accumulated. So there is
a possible explanation for why he just suddenly took the
stance he did. But here's the thing, and this is important.
Elon probably did Trump a huge favor by going full
(13:59):
nuclear on him. Had he just a negative on the bill,
there is a really good chance he might have had
enough juice to kill it, given the significant influence he
had grown in GOP circles. But now that he went
to that place, that place he gives gopeers the political
freedom to act independently of his opinions. The bond between
(14:20):
President Trump and his supporters is far, far greater than
the affinity that had been grown for Elon within the GOP.
Quickly about the bill itself, because I can't just do
breaking down gossip stuff.
Speaker 2 (14:34):
I've got to do some other real things for you.
Speaker 1 (14:36):
The other important point is with regards to the one
point six trillion in cuts President Trump is talking about,
this is entirely true, and you might ask yourself, hold on,
how could it be true that there are one point
six trillion in cuts. But the bill is estimated to
ad somewhere between two to three trillion dollars the national
debt over the next secade. Two big reasons the president's
additional tax cuts for tips and overtime, which reduce this
(15:00):
revenue significantly to the federal government. So you can cut spending,
but if you cut revenue to the government by even
more than you cut spending, where you're going to get right.
And then the other piece, and this is the super
big thing piece, servicing the federal debt. As we've discussed previously,
the cost of the debt has now overtaken defense spending
(15:23):
as our country's second biggest expense. We're starting to get
to the point where the numbers increasingly don't work. So
let me put this in perspective for you. You hear
all these numbers that are now in the trillions, here's
one for you. What do you think the cost of
servicing the national debt is over the next decade. It's
projected to be thirteen point eight trillion dollars.
Speaker 2 (15:44):
And this is the real issue.
Speaker 1 (15:45):
Let's say for a minute that we didn't have to
service the national debt. The OBBB not only would be beautiful,
it would be downright gorgeous. It'd be like, wow, man,
you'd get a look at that bill because it would
reduce the federal debt by over ten trillion dollars. And no, Joe,
I don't think I could ever get to the point
(16:06):
where I take a look at legislation and go, man,
you know that thing.
Speaker 2 (16:09):
Is I mean, you know, sexy?
Speaker 1 (16:12):
Yeah, No, I don't think I know. But that's obviously
not reality. Just as you have to pay interest on
your credit card bills, whether you can afford to do
it or not, the country does too. When your credit
cards are close to max out, you don't get to
do all the fun and wonderful, potentially beautiful things that
you want to do.
Speaker 2 (16:30):
And that's where we are
Speaker 1 (16:31):
With the OBBB aka the DAB, or what I prefer
to refer to it as currently the o BIT.
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