The deadline for the United States to raise its debt ceiling is midnight on Tuesday, and the White House and Congress are deadlocked on how much money they want to spend on the $16.7 trillion debt ceiling. Democrats and Republicans are locked in a stalemate, and a deal seems unlikely to be struck before the deadline.
00:02:57.000I think there would be a huge backlash from our entire House Democratic caucus, certainly the progressives, but also in the streets.
00:03:06.000You know, I mean, I think that this is, it's important that we don't take steps back from the very strong agenda that the President himself shepherded and led over the last two years.
00:03:16.000But if the President agrees to spending caps or if he agrees to work requirements on certain social safety programs...
00:03:25.000We do not legislate through the debt ceiling for this very reason.
00:03:28.000Tuesday, 23 May in the year of our Lord, 2023.
00:03:33.000Russ Vogt for the Center for Renewing America, the Center for American Renewal.
00:03:38.000Russ, you've been one of the architects of this.
00:03:41.000Where are we right now in the fog of war?
00:03:44.000See through this for a second, because this morning we had a lot of momentum on coming out of the conference to really question this one, this phony one June deadline.
00:03:53.000There's no deadline, and we had McHenry, we had Gates, sitting there going, the Treasury Department had come forward with a financial model and kind of show us their work.
00:04:02.000And it may be, I think I'm seeing some tweets right now, McHenry may be backing off that, but where are we standing in this whole process?
00:04:08.000I mean, I love the clips that you just showed in being able to see the absolute panic the White House and the left is in as a result of the months of framing this fight right about woke and weaponized bureaucracy.
00:04:21.000It's not about Social Security and Medicare, and to see the White House going to Medicare cuts is pretty amazing.
00:04:36.000But I do recognize that as the Republicans in the House have made it clear to the negotiators this is what we're fighting for, the House passed bill, $5 trillion of cuts, defunding the woke and weaponized bureaucracy, going at the IRS, going at a lot of the renewable energy credits that are messing up our entire energy grid, going at every single thing that we can do to be able to get people back to work with work requirements.
00:05:04.000As they fight for what the House passed, it doesn't matter what AOC thinks.
00:05:09.000It is about Biden and McCarthy and the House, and the Senate will pass what Biden agrees to, and AOC can vote no, but she's irrelevant.
00:05:19.000So we're in a good place, but they have to hold the line and insist on what they passed in the House and those spending cuts that will actually lead to less spending and a bureaucracy that's not weaponized against the American people.
00:05:34.000So how do we – if they're all over the map right now, if they're all over the map with this, how do we get them to hold the line?
00:05:42.620I mean the Republicans, there's certain elements of the caucus, the 20, et cetera.
00:05:47.680They're sitting there going, hey, the best deal we've got is on the table.
00:05:51.160But are you hearing rumblings that McCarthy's under pressure to cut a deal with the Democrats?
00:05:54.640Otherwise, we just hold and force Treasury to show us the model.
00:06:18.820How do we make sure that the caucus says show us the model?
00:06:22.180We get there by the House negotiators not getting deal happy, and to the extent that they go back to what they passed and insist on that, and insist on 22 spending levels, pre-COVID levels.
00:06:37.780That's a 20 percent cut to the bureaucracy.
00:06:41.040That means a 30 percent cut for the Department of Education, which does nothing but critical race theory.
00:06:46.080They've got to insist on that, and Biden will reject it at first.
00:06:49.800He's rejecting it now, but he's going to get closer and closer to the deadline that he says that matter.
00:06:55.620You and I know it's a fake deadline, but they have to be able to cut a deal before then because you know what?
00:07:01.620If we get to June 2nd, and Steve Bannon and Russ Voter write that June 1st was a fake deadline, 30 to 40 years of their debt limit scaremongering goes out the window.
00:07:11.920So the pressure is on them to reach a deal.
00:13:07.920We're in posse, but we, in the spirit of trying to move things forward, you guys, McCarthy did a masterful job of bringing it all together, presenting it.
00:17:09.940Okay, the head of the, and they called open, you weren't here to see it, but they had the head of the Progressive Caucus and AOC saying they're going to take to the streets if there's any cuts whatsoever.
00:17:42.240But the urgency that the Democrats, do they have any urgency to get this taken care of?
00:17:48.020And, no, they're fine to just sit back and put the blame on Republicans because they know they have this coalition in the media to massage that message for them and make them the good guys.
00:18:01.480Are they actually negotiating in good faith?
00:18:04.480Are you hearing real proposals coming forward?
00:18:07.640And why is McCarthy even listening to this?
00:19:36.540You know, he's on the Rules Committee, so he's been very active in how all of this is going to play out and certainly was one of the 20 and a fellow Freedom Caucus member.
00:19:45.700But some of us with the Freedom Caucus are getting together this evening.
00:19:50.960You know, we're going to talk more about this.
00:19:52.200But, I mean, I think that I certainly hope you're not going to see any of us break off.
00:19:57.740But the Freedom Caucus, I mean, that's a conservative conscience of the Republican Party.
00:20:02.180And these are the guys and girls that I turn to, you know, when I need help and understanding.
00:20:06.900And, you know, they have my back and I have theirs.
00:20:09.000So I think that if we remain strong, we might be able to pull this off.
00:20:17.160How can, I don't understand, with him, with McCarthy on tenterhooks, and he's doing a good job and really an incredible job of the messaging coming out to the sticks, what he did on the Senate Terrace the other day was great, that unity of this thing.
00:20:53.720Why are we not, why are the rest of the Republicans not dug in with you guys?
00:20:58.020From the messaging that I've heard from the speaker, he has dug in on this.
00:21:02.440And so going back to the last segment of your show where we had a vote on here, we cannot get deal happy and just start offering cuts and negotiating with ourselves.
00:21:13.400We have to see a plan, and really, we have to hold strong to what we pass.
00:21:18.100We have the Chamber of Commerce that's supporting what we passed out of the House.
00:21:49.460You mean to push the timeline from the spring of next year, this thing would go to March or April or May, to push it to after the inauguration of 2025, which would basically give them $4 trillion, $5 trillion.
00:22:02.020And so I think as long as the American people continue to show their support for the plan that we have passed and say that they don't want anything that reduces the amount of cuts or extends the timeline,
00:22:14.900then the speaker will continue to see that polling and the response of the American people and will stand strong with us.
00:22:20.980We fought for these rules to empower the speaker, for him to be a better speaker.
00:22:25.700And he's done a really, really great job.
00:22:27.840And that's exactly what I want to continue to see him do.
00:22:30.840So I hope that we can all stay united throughout this.
00:22:34.780But I think the speaker knows that we have his back from the House Freedom Caucus as long as we can see this and stay strong.
00:23:22.620We need to issue hundreds of subpoenas.
00:23:25.620And as far as the border, going back to our last segment talk there, I want to up the ante with this debt ceiling increase and add HR to a border security bill.
00:23:36.320We fought for that in the speaker's race as well.
00:23:38.340We demanded that the Texas-built border security plan come to the floor, and we were able to get that passed.
00:24:04.900There's plenty of stuff that we could add on there, demands for a must-pass piece of legislation.
00:24:09.420So I think Joe Biden should take the increase that he's getting and see that we are at a very reasonable place, and we'll just keep adding more onto it.
00:24:19.200But also, I was talking today, and it was said that we need to be using the House floor to actually be pushing the message of all of these things that are in the debt ceiling instead of the bills that we're passing right now.
00:24:32.700I mean, sure, we've got some good bills coming up, but why don't we have the 87,000 IRS agents bring that back into the mix?
00:24:38.540Why don't we have the IRA and defunding that and all of these other things?
00:24:59.920And the Democrats can be – when they're saying we're going to take to the streets, if you have any – they said we've worked so hard to get here.
00:25:05.160If you cut a nickel of spending, they're going to riot.
00:25:08.140We worked so hard to get to $32 trillion in debt.
00:25:16.780Do you think – when you issue these subpoenas, particularly when Ray and the FBI just – they head to high noon, the administration, this regime is just in your grill about they're not going to cooperate at all.
00:25:29.080Yes, they have no fear of repercussions.
00:26:11.520Where are you spending your time when people – I know you do media, but where are you spending your time behind the scenes working on this?
00:26:36.580We're going to take the woke and weaponized out then?
00:26:38.580We are going to defund the woke and weaponized areas of our federal government.
00:26:43.360Yes, that will be in the appropriations process.
00:26:45.260That stuff that we're already working through, we have got pages and pages of departments and programs that could be defunded because they are woke and weaponized.
00:27:46.360And I travel to these co-ops, these energy co-ops, and they're like – they want us to be completely green and renewable by 2035, by 2050.
00:34:35.140That's the message that she's going to put out.
00:34:37.200That's the message that the handlers that are—well, the cabal that's running this administration will try to scare their American people.
00:34:46.280He shut down some parks and some government buildings that didn't get cleaned, and they'll try everything.
00:34:52.240This group knows no bounds, and all they want to do is be able to keep the budget, keep spending, keep the credit card, and we're just not going to let them do that.
00:35:02.260As you know, with the speaker fight, it's one of the big things that we reminded Kevin McCarthy of today, who, by the way, has done a good job.
00:35:10.240But she's going to have to prove it, Janet Yellen, and for whatever it's worth, make some kind of a statement that is backed up by if, let's say, a bond payment's not going to be met, which bonds?
00:35:23.700And what about the taxes coming in from those states like California, who've been delayed from COVID?
00:35:33.280Now, she can try to get by with words, as they always do, and emotion, but it's just a different day now.
00:35:38.640And Americans are feeling inflation at every level.
00:35:45.000Nothing has gotten better under this administration, and the debt has taken on a new meaning, I think, for most Americans now.
00:35:55.820You're a businessman, real estate developer, dealt with banks, dealt with finance.
00:35:59.700When you hear even what their offers are, their logic, are they talking in the terms that adults talk when they have to work through budgets, whether it's a personal budget or a plan for a small business or real estate or buying a house, a mortgage?
00:36:15.960Are you hearing any rationality coming from their side, or are they just talking a different language than we talk, sir?
00:36:24.340They're talking a different language, and they're talking something they don't understand.
00:36:28.140Most of these bureaucrats who are masquerading as politicians have never had a real job.
00:36:34.700They wouldn't understand a balance sheet if it was spelled out in ABCs.
00:36:42.080And you look at all the, you know, what has been said to date, it's basically nothing other than platitudes on why we're in the shape we're in.
00:36:50.840I mean, Steve, imagine this is an administration that is not cutting $1 from anything.
00:36:55.460If you run a peanut stand, you can find a dollar.
00:37:03.880I mean, he's made his ambition is to just keep spending.
00:37:09.740We heard today that he may be offering, instead of having the 22 budget for the 24 budget, put the 23, which has had all the COVID spending in it.
00:37:22.640And we're pretty well set on everything that we had, the 22 being the 24 budget, cutting all the IRS agents, the student loans, and all of that.
00:37:32.800But we've got to double down on it the longer it takes.
00:37:35.820It is irresponsible for this administration to go this long with not having numbers or not having something in writing.
00:37:42.480And the best thing we could do is say, you know, if we don't have it in writing by the end of this week, we're going home and we'll not come back until you have something.
00:40:44.760And so, you know, I think they're just going to ride this out, and it's up to us to put the pressure.
00:40:49.480We ought to be having a press conference, the Freedom Caucus, and those 20 of us who put the concessions on the speaker.
00:41:00.660We ought to be having press conferences every week, and I think you'll see that as time goes on.
00:41:05.640All of us are messaging what exactly it means, what we have presented, which is a far cry from what most of us would have wanted as far as cuts.
00:41:16.460But it does get the ball going in the right direction.
00:41:19.580The spending is downward, and it's in the right direction.
00:41:31.180Do you believe – let's talk about the offer.
00:41:35.960Would you give them until close of business Friday to come back with a set of numbers and a response?
00:41:40.700If not, you add getting out of the WHO, border security, a couple, three other things.
00:41:46.600Do you think there's an appetite to press the bet here and to increase – to basically increase our offer, make it tougher if they don't accept what's on the table?
00:42:20.080If I sold you a shopping center, it would be in writing.
00:42:23.920Or if I sold you a toaster, it would be in writing.
00:42:26.600It's time for the man to put it in writing or no more meetings and let him tell the American people why it's not significant enough to put something in writing.
00:42:37.200Because right now, we're just going back and forth.
00:42:39.920And to negotiate against ourselves goes against everything anybody in the business arena has ever known.
00:44:23.140In my younger days, I was a naval officer on a destroyer.
00:44:27.320In fact, I was the A-gang officer in charge of all the engineering systems that were not main propulsion.
00:44:33.780And one of those was air purification.
00:44:36.280And I can tell you the standards of the United States Navy are second to none.
00:44:39.780If all home air purifiers are the same, why did the U.S. Department of Defense select EnviroCleanse to protect and purify the air on board our Navy ships?
00:44:50.040Because of EnviroCleanse, advanced mineral technology goes beyond ordinary HEPA filters to destroy airborne illness causing cold and flu viruses, including COVID.
00:45:02.000EnviroCleanse is the new science in air purification.
00:45:05.000And now you can order one for your home.
00:45:08.200This is how you help stop colds and flus from taking your whole family down.
00:45:12.460This is how you destroy allergy-inflaming toxins and mold from the air your family breathes.
00:45:17.120In fact, this hospital-grade technology is so powerful that it promises far fewer colds and allergies and better sleep.
00:48:35.700And if we do give in and, I mean, basically go to smoke and mirrors that most of the political hacks around here have done in the past,
00:48:45.260we lose the confidence of the American people because the ship has already sailed with what our proposal is.
00:48:51.660And we're so far apart now that the Biden administration, the only thing they can do is try to wait this thing out and let the public pressure build.
00:49:02.680They did that on the 20 of us, though.
00:49:05.280I mean, the public pressure, the media and all, I mean, that's just their playbook.
00:49:10.860And I don't think it's going to work on this debt ceiling.
00:49:12.980Now, we've got people who, you know, they're not going to join in on voting unless we get something big in return that makes financial sense.
00:49:33.720And we'll have the confidence back of the American people.
00:49:37.380Before I let you go, the people in your district, where are their heads at right now on this topic?
00:49:45.480A lot of them don't understand how it affects them.
00:49:48.340I mean, when you hear the debt ceiling, the difference now, while they may not see that, what they do understand is the price they're paying at the pump.
00:49:59.780They understand the crime that's going up.
00:50:01.840They're seeing on TV screens all over the country.
00:50:04.560They understand the people coming across the border.
00:50:16.100And I think I sense in South Carolina people are, for the first time, genuinely concerned about the survival of the country.
00:50:25.260And, you know, I'm as frustrated I have been.
00:50:28.660And it'll be a total frustration if we can't get this bill across in substantially the same form that we presented it and, again, put some financial sanity back in an administration that knows no bounds.
00:50:43.420They're totally sold out to other countries.
00:50:51.460I just want to make sure I understand this.
00:50:55.680In a state like South Carolina with the patriots and the hard work, grit, determination, you actually think now there are folks down there that think that the end of the republic could be before us if we don't get a grip on this?