Bannon's War Room - May 30, 2023


Episode 2770： Debt Ceiling Fight： Vote No


Episode Stats


Length

56 minutes

Words per minute

182.09268

Word count

10,292

Sentence count

970

Harmful content

Misogyny

10

sentences flagged

Hate speech

9

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

In this episode of the Steve K. Bannon War Room, host Steve Kamb talks with Republican Rep. Rob Portman and Democratic Rep. Adam Kinzler about the $1.15 trillion debt deal between the House and Senate.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:01.000 This is the primal scream of a dying regime.
00:00:06.000 Pray for our enemies.
00:00:08.000 Because we're going medieval on these people.
00:00:11.000 I got a free shot at all these networks lying about the people.
00:00:15.000 The people have had a belly full of it.
00:00:17.000 I know you don't like hearing that.
00:00:19.000 I know you try to do everything in the world to stop that,
00:00:21.000 but you're not going to stop it. It's going to happen.
00:00:23.000 And where do people like that go to share the big lie?
00:00:26.000 MAGA Media.
00:00:28.000 I wish in my soul, I wish that any of these people had a conscience.
00:00:33.000 Ask yourself, what is my task and what is my purpose?
00:00:37.000 If that answer is to save my country, this country will be saved.
00:00:43.000 War Room. Here's your host, Stephen K. Bannon.
00:00:52.000 Do you have any concerns that this won't make it through the Rules Committee?
00:00:58.000 Well, look, we always expected that there would be certain pockets of opposition to this deal.
00:01:02.000 But overall, it's a good deal. It's a fair deal.
00:01:04.000 And we're confident that it will get to the president's desk.
00:01:07.000 I want to emphasize that it accomplishes three main things.
00:01:09.000 Number one, it takes the possibility of a default off the table,
00:01:12.000 which means we avoid an almost certain recession because of a first ever debt default.
00:01:17.000 Number two, it protects all of the key pieces of legislation that the president signed into law in the last two years.
00:01:22.000 New investments in clean energy, new investments in semiconductor manufacturing,
00:01:26.000 new infrastructure investments that are being seen across the country.
00:01:29.000 And third of all, it protects Social Security, it protects Medicare, it protects Medicaid,
00:01:33.000 all these important programs that Americans rely on.
00:01:36.000 We think it's a good, fair deal, and we expect it to get to the president's desk.
00:01:39.000 Hearing you list that out is, I think, important because I heard the director of the National Economic Council say today
00:01:48.000 that there is something in this bill for everyone, is how she put it.
00:01:51.000 Yet, I want to play for you how one of the Republicans who negotiated this deal, how he describes this.
00:01:58.000 This is Dusty Johnson. He was on CNN this weekend.
00:02:03.000 That is kind of the amazing part to me. There were no wins for Democrats.
00:02:09.000 There is nothing after the passage of this bill that will be more liberal or more progressive than it is today.
00:02:15.000 It's a remarkable conservative accomplishment.
00:02:19.000 What do you say to that, Rob?
00:02:21.000 I can't tell you more. I can't tell you more.
00:02:22.000 I can't tell you more.
00:02:23.000 People in South Dakota should be absolutely humiliated that Dusty Johnson is your congressman.
00:02:27.000 It's Tuesday, 30 May, year of our Lord, 2023.
00:02:30.000 We have two Westerners here.
00:02:32.000 Congressman Boebert from Colorado is in the house.
00:02:35.000 We have Congressman Andy Biggs from the great state of Arizona is with us from his office.
00:02:41.000 Congressman Biggs, and Boebert can say a little longer, so I've got to get Biggs for you.
00:02:46.000 Walk us through right there.
00:02:48.000 The White House is laughing at us.
00:02:51.000 They just said every piece of legislation of the $8 trillion he passed that caused the inflation in the first place, none of it is touched.
00:02:59.000 Right.
00:03:00.000 Yes, they didn't want the Inflation Reduction Act to be touched.
00:03:02.000 That is their holy grail, and that's what you and I talked about just a few short days ago.
00:03:06.000 And it's all in there, all the Green New Deal subsidies.
00:03:10.000 Even what seems like a good piece of legislation that we got in there, some NEPA reforms, which, okay, great.
00:03:17.000 I'm all for that.
00:03:18.000 I'm for the pipeline, even though I think this pipeline was inserted just to buy Senator Joe Manchin's vote.
00:03:24.000 So, I mean, just the timing of that is a little awkward.
00:03:27.000 But all it does is fast-track these Green New Deal subsidies.
00:03:32.000 So we are incentivizing all of this unreliable energy and further harming our energy security here in America with good legislation tied to a bad piece of legislation that doesn't do anything to rescind that IRA money.
00:03:50.000 Congressman Biggs, walk us through the strategy here.
00:03:53.000 You're in rules right now.
00:03:54.000 We heard Congressman Massey may vote yes on this.
00:03:57.000 Congressman Bovers is going to go over and testify close to 6 o'clock.
00:04:00.000 We will pick that up on our 6 o'clock show live.
00:04:03.000 Walk us through.
00:04:04.000 You're the master strategist.
00:04:05.000 Where are we on this?
00:04:07.000 Well, we're hanging over the cliff trying to grab onto something, right, because that's the box we've been put into here.
00:04:16.000 So what the key thing that we have to do is we have to, in my opinion, try to get as many Republicans to vote no on this as we possibly can.
00:04:26.000 And to get them to vote no, we have to expose what's in this horrific bill.
00:04:30.000 And if you get over half the Republicans to vote no, I'm talking you get to about 115.
00:04:36.000 That's where we really would need to get.
00:04:38.000 Then you demonstrate Kevin's fecklessness and the need for a change to be made, in my humble opinion.
00:04:47.000 But the other side of it is you have to understand, Steve and Lauren knows this.
00:04:52.000 I'm predicting between 100 and 150 Democrats will vote for this bill.
00:04:57.000 And that should tell you everything you need to know.
00:05:00.000 When you get the White House economic advisor saying today that this bill, this deal with Kevin McCarthy, protects every progressive program.
00:05:11.000 That's what what it is. I mean, you actually you protect everything that Biden has done and you further it along.
00:05:19.000 So for our strategy, we have to make sure Republicans know that.
00:05:24.000 And we need the help of your supporters, the people who follow you to let their congressmen and women know, especially if they're Republicans, that they need to be voting no on this because that's how we do it.
00:05:38.000 But it's going to take this is going to have to take a grassroots push because we are fighting now the uniparty, the swamp.
00:05:46.000 And that's that's the way I view this. This is an absolute product to support, sustain the uniparty.
00:05:53.000 What what possessed them? I'll start with Congressman Bogart and come right to you, Congressman Biggs.
00:05:59.000 Congressman Biggs. What possessed them to give them the second year uncapped?
00:06:03.000 This thing could go to six trillion dollars. Yes.
00:06:05.000 And it dumps right into. First off, takes the conversation.
00:06:08.000 It takes it out of the conversation, the general election, which was what we want.
00:06:11.000 We know the American people are more knowledgeable about this.
00:06:14.000 CNN's polling shows us they come our way.
00:06:16.000 Also, they're going to lead economic catastrophe for a Republican president, Congressman Bova.
00:06:22.000 Yes. So it was very Washington, D.C. to extend this even further and then to put to put false caps, no caps and an unlimited debt ceiling.
00:06:34.000 There's not even a number associated with this. It's a date.
00:06:37.000 And and it does put any Republican presidential candidate, you know, at risk here because Joe Biden's completely off the hook and he gets a blank check to spend whatever he wants.
00:06:47.000 This deal is so terribly bad.
00:06:50.000 Chairman Biggs, he said that this was like a train wreck, you know, and I feel like we've just been taking advice and tips from Mayor Pete.
00:06:59.000 And man, we nailed it. Congressman Biggs, your thoughts?
00:07:02.000 Yeah, I'm with Lauren on this. This is this is about as bad a bill as you can get.
00:07:08.000 So so and it's all smoke and mirrors. I mean, it's all ephemeral.
00:07:12.000 Steve, this this blows away with the wind. So so when they when CBO scores two point one trillion dollars in savings, everybody needs to know that that is false, that the one point five trillion dollars in savings is based on this administrative pay go thing.
00:07:27.000 That can be the first of all, that sunsets after one year.
00:07:31.000 Second of all, the director of OMB, who is a Biden appointee, hard lefty attorney.
00:07:39.000 She can come in and say, no, we're going to do it anyway.
00:07:42.000 So that one point five trillion won't happen.
00:07:44.000 Then the other six hundred billion dollars of that two two point one trillion dollars.
00:07:48.000 That's that's coming on the caps on spending, which, by the way, is there's six years of these caps, supposedly with small growth.
00:07:58.000 Four years of those are are optional and they're still going ahead and scoring it.
00:08:03.000 That means it's in the tank. It was in the tank.
00:08:07.000 It was coordinated here, but in my opinion, by the White House, OMB, CBO and and, you know, our leadership.
00:08:16.000 And that all of this is going to come away and leave us with a massive national debt growth in our national debt with no structural reforms really at all.
00:08:28.000 Oh, don't bury the lead. You just said you thought there was coordination over the weekend because people are kind of surprised how CBO, which normally doesn't turn on a dime, all of a sudden came out with the scoring.
00:08:39.000 That was so it was so into the white. I mean, it's basically the White House dictated the assumptions you make.
00:08:44.000 Are you saying you think leadership coordinated with the White House and with the Democrat leadership to get this CB, this phony CBO scoring?
00:08:52.000 I think the whole thing is kind of coordinated. Think about it.
00:08:55.000 Yeah. And what I'm talking about is I believe that they had a deal a week ago and that they were just delaying releasing it until they had had wrapped their bow around it, you know, and so they delayed it.
00:09:06.000 And what happened? White House let Kevin McCarthy go out and try to sell this to the Republican conference first and go on.
00:09:12.000 And then what happened is is Biden's team goes in and talking to Democrats. Democrats are being called and told, hey, you can't bash this deal too much because we're getting a good deal and we don't want to drive Republicans off.
00:09:28.000 So, yeah, don't gloat. Right. Don't gloat that you got wins, but go ahead and cry your crocodile tears and and then vote.
00:09:36.000 People that came out at first said the Democrats hate this. I go, where's the hate when they hate? They know how to hate. They know how to review.
00:09:42.000 One last thing. People are saying, oh, we get it into the we're going to take the appropriations process and that's going to get it.
00:09:49.000 I want to walk through why that is nonsense. The appropriation process is not going to make up for this catastrophe, sir.
00:09:54.000 Just walk through why that's not going to happen. Well, so what you would happen have happened is you'd have 12 bills that would go through the process.
00:10:04.000 And we said how we're going to spend our money. But what happens now is there's a disincentive to do that because we're going to go to an automatic continuing resolution.
00:10:14.000 In other words, we're going to keep the spending levels. However, the spending levels, we actually have a slight growth in spending and we're going at higher post or covid relief levels.
00:10:25.000 And so when we when we get three months into the next year, it's supposed to trigger a percent reduction.
00:10:33.000 However, I don't believe that reduction is going to take place.
00:10:37.000 So when we start talking about the 12 appropriations bills, I I just don't see us actually delivering on that.
00:10:46.000 And we're going to the CR. And let me just tell you the other thing.
00:10:49.000 Even if you go to that, that those 12 appropriations bills and they were to pass, they will reflect a growth in spending and not a reduction in spending.
00:11:00.000 According to my reading of what we have here.
00:11:04.000 So it doesn't benefit us at all.
00:11:07.000 Neither does the automatic CR because the CR is going to take up.
00:11:12.000 It won't even kick in until a year.
00:11:14.000 I don't mean a year. I mean, three months into the next.
00:11:17.000 Chairman Biggs, let me let me ask you about the automatic CR.
00:11:20.000 Now, if it was, in fact, the way Congressman Massey had already presented it originally and if it was automatic when it was supposed to be, there wasn't this three month delay and there was a one percent decrease, then would that be OK?
00:11:35.000 That would that would be better. That would be better because what would happen is.
00:11:40.000 Yeah. What would happen is you would actually take your your your your spending number, your high number, and you'd be reducing it by one percent.
00:11:47.000 But the rumor that's just discretionary side.
00:11:50.000 Don't forget that they've moved money off the discretionary side into the mandatory side to try to avoid some of this as well.
00:11:56.000 But the whole thing, Representative Boebert and Steve, that I look at is what's the incentive?
00:12:03.000 The incentive we want. We want to make sure that that we can get this thing done on time.
00:12:10.000 It would be significantly better for one other reason. And I think you're probably alluding to this.
00:12:15.000 And that is when we are in the election cycle and you're going to see an omnibus come in December again because they delayed it three months.
00:12:27.000 And that's the key is because the reason that Thomas Massey did what he did is because he's trying to say, let's let's take away the incentive to just push it up to December and do this omnibus.
00:12:38.000 Let's get our spending bill done when we're supposed to do it the way we're supposed to do it.
00:12:42.000 And I think it would have been significantly better now that I walk through that a little bit.
00:12:46.000 But but don't forget, by by delaying that impact for three months, you're going to get an omnibus, a cronibus spending bill in December of this year instead of taking care of it the appropriate way.
00:13:01.000 We got we got we got two minutes. What is your word when people call two zero two two two five three one two one the house switchboard number?
00:13:09.000 What is the message they should be giving their representative, sir?
00:13:12.000 Vote no. I mean, it can be that simple.
00:13:17.000 Look, we can also ramble on. Believe me, I could ramble on about how bad it is. But vote no.
00:13:24.000 That's what has to happen.
00:13:26.000 Congressman Biggs, how do people track you? What's the social media and what's your Web site?
00:13:33.000 Yeah. Biggs dot house dot gov or at. 0.96
00:13:37.000 Rep. Andy Biggs, a Z. Rep. Andy Biggs, a Z.
00:13:41.000 OK, we're we're in rules right now. You're going to testify because we're going to testify.
00:13:46.000 Then later you go to votes and then you're going to have conference tonight about seven thirty.
00:13:49.000 Right. How intense real quickly, Congressman Biggs, how intense is the arm twisting going to be the whip going to be on this?
00:13:55.000 Because they don't have the votes.
00:13:58.000 Well, it won't be hard on people like Lauren and me, because Robert and I have made our opinion known and we were pretty good at sticking to where we are.
00:14:07.000 But they're going to go to people who they think that they can pick off first and they're going to remind them of all the benefits that they've given to them and the benefits that they're going to forego if they turn their back on on this.
00:14:23.000 And there will be some. They're going to try to cut deals with some. 1.00
00:14:26.000 You watched. There'll be deals promised, I guarantee you.
00:14:30.000 Congressman Biggs, thank you. Honored to have you on here, sir.
00:14:33.000 Thanks. Thanks. Always good to be with you.
00:14:35.000 Always better to be with Rep. Bovert.
00:14:38.000 See you soon, chairman.
00:14:41.000 We'll see you.
00:14:42.000 Congressman Bovert's in the house.
00:14:43.000 We're going to get into the down and dirty how amendments are going to be voted.
00:14:47.000 This thing is wild right now.
00:14:48.000 And trust me, people are pouring into the speaker's office either looking for deals or absolution.
00:14:54.000 OK, short break.
00:14:55.000 Back in the warm in a moment.
00:14:57.000 President Trump recently issued a warning from his home at Mar-a-Lago.
00:15:04.000 And I want to quote this.
00:15:06.000 Our currency is crashing and will soon no longer be the world standard, which will be the greatest defeat, frankly, in 200 years.
00:15:14.000 End quote. He did that in the interview that I had with him a couple of weeks ago at his home.
00:15:19.000 Now, there are three reasons the central banks are dumping U.S. dollar.
00:15:26.000 Inflation, deficit spending in our insurmountable national debt.
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00:17:04.000 Our host, Stephen K. Bannon.
00:17:07.000 Okay.
00:17:08.000 Welcome back.
00:17:09.000 We have Congressman Boebert.
00:17:10.000 First off, you're going to leave here and go testify at rules.
00:17:13.000 What does that mean?
00:17:14.000 Because we've been streaming the rules thing even before we came on live for the afternoon show.
00:17:18.000 It's a little confusing.
00:17:19.000 You've got some guys pitching the deal, but aren't they supposed to?
00:17:22.000 Walk us through what rules is doing and why are you going here and testifying?
00:17:25.000 Yeah.
00:17:26.000 So we've been meeting ever since we heard about this deal.
00:17:29.000 I flew into Washington, D.C. Sunday night, left my family early.
00:17:34.000 Didn't do the Memorial Day in Colorado?
00:17:36.000 No, didn't do that.
00:17:37.000 You know, I was supposed to go on a Memorial Day bike ride, and so my trike is left parked.
00:17:42.000 And I came out here.
00:17:43.000 I did go to Arlington, pay my respects to our fallen heroes.
00:17:47.000 But, you know, while we're supposed to be remembering those heroes and everything that
00:17:52.000 they fought for, that they sacrificed, the ultimate sacrifice was given for our freedoms,
00:17:57.000 our country, you know, we have backhanded deals being made here in Washington, D.C.,
00:18:02.000 undercutting everything that those great men and women fought for.
00:18:06.000 And so here we are now, right after Memorial Day, and we're hearing all of this anti-deal nonsense.
00:18:13.000 And, you know, I get it to some degree.
00:18:17.000 Speaker McCarthy went in with one hand behind his back trying to negotiate this thing.
00:18:21.000 The Senate has sat on the sidelines.
00:18:23.000 Why does McConnell get a pass in this?
00:18:25.000 I mean, he did nothing.
00:18:27.000 He should have taken up our Limit Save Grow bill.
00:18:30.000 This bill did the job.
00:18:32.000 We've discussed this.
00:18:34.000 Nobody wanted to increase the debt ceiling, but we did it.
00:18:37.000 And we wanted fiscal responsibility.
00:18:39.000 And we debated it.
00:18:40.000 We amended it.
00:18:41.000 We passed it.
00:18:42.000 And the Senate should have taken that bill up, amended it if necessary, sent it back to
00:18:46.000 us for final passage, sent it to Joe Biden.
00:18:48.000 And instead, we have this horrible, pitiful anti-deal that we are presented with.
00:18:53.000 And so what I'm going to do in the Rules Committee, I have been making some demands to have an
00:18:59.000 open rule.
00:19:00.000 This is something that we fought for during the Speaker's race.
00:19:03.000 So members of Congress could actually go to the House floor and offer amendments to legislation
00:19:08.000 so we can have a voice on the bills that we're passing, that we're voting on.
00:19:12.000 So I want an open rule here so we could go to the floor.
00:19:17.000 And that's currently being discussed.
00:19:19.000 I have sent in multiple amendments as have my colleagues.
00:19:23.000 Excuse me.
00:19:24.000 Correct me if I'm wrong.
00:19:25.000 I thought we won that in the whole deal that was to make Mark McCarthy.
00:19:29.000 You were one of the Magnificent Six.
00:19:31.000 Didn't on that Friday night or Saturday, isn't that part of the deal?
00:19:34.000 This is part...
00:19:35.000 Why is Lauren Bobin have to go back and testify on something I thought was a hard and firm 0.99
00:19:42.000 part of that deal?
00:19:43.000 So the whole point of the Speaker's race and having a motion to vacate, a check and balance,
00:19:49.000 was because we know at any given time those rules can be suspended.
00:19:54.000 And the House does not have to operate by those rules, that there are ways around those rules.
00:19:59.000 And so this, at the Speaker's request is what I've heard, this was to be a closed rule with no amendments allowed.
00:20:07.000 At his request.
00:20:08.000 That's what I'm told.
00:20:09.000 Yes.
00:20:10.000 The Speaker's not told me that directly.
00:20:12.000 But now we have members who are working in the Rules Committee, who sit on that committee,
00:20:17.000 saying, let's look at these amendments and consider opening it up.
00:20:21.000 That's the way it should be.
00:20:22.000 I think that this is a violation of the rules that were made.
00:20:26.000 If it doesn't become an open rule and we get these amendments to the House floor.
00:20:30.000 But, I mean, some of the things that I'm looking for is, you know,
00:20:33.000 I want to rescind the unobligated COVID funds that we passed in the last Congress.
00:20:38.000 That's $29.5 billion.
00:20:41.000 Now, some of this COVID fund that they're, COVID money that they're wanting to claw back,
00:20:46.000 they're currently sending that over to Commerce and they're just waiting to spend it on something else.
00:20:50.000 To another pool, another pool of capital.
00:20:51.000 Yes.
00:20:52.000 It's not going to lower our debt.
00:20:53.000 There's no cut.
00:20:54.000 Right.
00:20:55.000 It's just going to be spent on something different.
00:20:56.000 Right.
00:20:57.000 And then, of course...
00:20:58.000 You caught them with an unspent thing.
00:20:59.000 Right.
00:21:00.000 So this is going to shift to Commerce and say,
00:21:01.000 well, wait strategically until we see something.
00:21:02.000 Absolutely.
00:21:03.000 I want to put the RAINS Act back in there.
00:21:05.000 You know, the RAINS Act, this is something that is really great.
00:21:09.000 Any major regulations that are made over $100 million, you know, we have a say in that.
00:21:16.000 And currently, they don't have the RAINS Act like we had in the Limit Save Grow.
00:21:19.000 They have this administrative PAYGO.
00:21:21.000 And this administrative PAYGO, this is something that was offered under the Trump administration.
00:21:25.000 But when you have a good, diligent administration, then it can work.
00:21:30.000 But unfortunately, we have the director of OMB who is...
00:21:36.000 Any time can say, we suspend that and the executive order is going to be paid for it.
00:21:41.000 That's exactly right.
00:21:42.000 They do not have to adhere to a PAYGO.
00:21:43.000 And of the 2.0, the CBO, the 2.1, I think over a trillion dollars was actually in these PAYGO savings.
00:21:50.000 Yes.
00:21:51.000 Which is not going to happen.
00:21:52.000 It's all femoral. 0.79
00:21:53.000 Right.
00:21:54.000 It is.
00:21:55.000 We have Biden's OMP director to tell Biden, no, we don't have any money for that.
00:21:58.000 Yes, we have the Fox guard in the hen house.
00:21:59.000 Right.
00:22:00.000 That's what we have here.
00:22:01.000 And then, you know, there's talk right now about the student loan bailout.
00:22:05.000 Like, oh, look, we have that in the bill.
00:22:07.000 No, that's a darn lie.
00:22:09.000 What you have is what Biden was going to do anyway.
00:22:12.000 All he's doing, he's saying September 1, we're not going to suspend those payments anymore
00:22:18.000 and we're going to get that back.
00:22:19.000 We just stop losing $5 billion a month.
00:22:22.000 It's not ending his executive order for the student loan bailout.
00:22:27.000 And so I'm putting that back in there.
00:22:29.000 So that's back on the table.
00:22:31.000 And we can say, no, we are not paying for your student loans.
00:22:34.000 If you get, if you were to convince them to do open, how many, how many, you'll have a thousand amendments to this, correct?
00:22:41.000 Well, so again, that's up to the rules committee.
00:22:44.000 It's my understanding the rules committee can limit how many amendments actually go to the floor.
00:22:49.000 And so that's why I'm going to the rules committee to debate all of mine.
00:22:52.000 And I hope that my colleagues who are offering amendments will debate theirs as well.
00:22:56.000 So we can show just the importance and the efficacy of them.
00:23:00.000 Because ultimately, we can make this a bill worth passing again if we can't amend this legislation.
00:23:06.000 But if it's not amendable, then this is junk.
00:23:09.000 This is garbage.
00:23:10.000 I'm not voting for it.
00:23:11.000 In fact, you came out and tweeted that you didn't like it beforehand.
00:23:14.000 Mm-hmm.
00:23:15.000 But after you read it, you just said, I'm a hard no.
00:23:17.000 Yes.
00:23:18.000 In reading it, were you shocked when you flew back here and actually got the copy of it?
00:23:22.000 Tell me about, tell me what your first impression is as you started to read through this.
00:23:25.000 Yes.
00:23:26.000 Well, I mean, there's pilot programs that we don't know how much these are going to cost.
00:23:29.000 I mean, there were, there were so much there.
00:23:30.000 It's, it's almost like every section is a new exclamation point and a question mark.
00:23:34.000 You know, say, what, what the heck are we doing here?
00:23:37.000 We're even seeing Garrett Graves' bill that is in there about the NEPA reforms.
00:23:42.000 You know, this is something that I supported in HR1, but I don't support it when we're not rescinding the IRA subsidies.
00:23:51.000 And that's another amendment that I have.
00:23:53.000 Put those back, put that back on the table.
00:23:55.000 We're going to take those subsidies back.
00:23:57.000 Um, and so, you know, my gosh, we even messed up a good bill here by putting it in.
00:24:02.000 Um, you know, Nancy May says that that bill's not even germane, um, to this.
00:24:06.000 And, you know, that's something that we have to debate out in, uh, in the rules committee, uh, to, to see.
00:24:11.000 But I mean, there's so much there.
00:24:13.000 And then, you know, there, there are members who clearly did not read the legislation.
00:24:18.000 They went on the news and they were given, they were saying the talking points given to leadership or given by leadership or what they heard on the conference call.
00:24:24.000 Why would leadership, why would leadership give these talking points they gave were just factually, I mean, not even close.
00:24:30.000 People can make mistakes all the time.
00:24:32.000 Right.
00:24:33.000 But these were just absolutely.
00:24:34.000 Straight gaslighting.
00:24:35.000 Straight gas.
00:24:36.000 Yes.
00:24:37.000 Yes, absolutely.
00:24:38.000 I mean, I, I saw one of our, one of my colleagues go on the news and say, hey, but we got the 87,000 IRS agents defunded.
00:24:45.000 The heck we did.
00:24:46.000 There was $80 billion pre-appropriated to them.
00:24:49.000 Like they already have this money and we're taking back $1.4 billion.
00:24:53.000 Um, that just means at the end of 10 years, they have $1.4 billion less.
00:24:56.000 So instead of 87,000, I hire what?
00:24:58.000 85,000.
00:24:59.000 The, the, the central beating heart of the, of what house freedom caucus bill that we got through that we weren't in love with.
00:25:05.000 But the beating heart was $1.5 trillion or one year.
00:25:09.000 Yes.
00:25:10.000 And we'll let them, you're going to give them a debt increase, get through this crisis, get on top of better management, but the whole world will see how mismanaged.
00:25:16.000 We'll have this discussion either in October, November, or no later than may at the railhead of the presidential.
00:25:21.000 And we know the more information we get the American people, the more they say, no, you can't increase debt unless you have cuts in spending.
00:25:28.000 Right.
00:25:29.000 60%.
00:25:31.000 They said, just let default.
00:25:32.000 That's 75 of that 45.
00:25:34.000 This is CNN.
00:25:35.000 45% of the Democrats agree with this.
00:25:38.000 What, when did you first get an inkling that the second year with no caps, which is pure insanity?
00:25:44.000 Cause you could have 16 was the first indication that that was going to happen.
00:25:47.000 I mean, in the legislation, when there's not an actual dollar amount to this debt ceiling increase, and it's simply just a date, you know, I mean, we all started throwing around numbers together and we're seeing $4 to $6 trillion.
00:25:58.000 You know, we have heritage and club and all of these other groups scoring against it and diving into it and looking at these numbers.
00:26:04.000 And it is astronomically worse than $1.5 trillion, $1.5 trillion that we didn't want to spend, but thought in this scenario, that seems fiscally responsible, you know, with, with the cuts that we're doing.
00:26:16.000 We wanted to cut so much that we didn't have to raise the debt ceiling.
00:26:19.000 That would have been ideal.
00:26:20.000 Um, but this is Washington DC, so a little too easy there.
00:26:24.000 Um, and, and now, you know, there's, there's no limit.
00:26:28.000 It's an unlimited debt ceiling.
00:26:30.000 As it's slow, the economy slows down, less tax revenue is going to come in.
00:26:34.000 This thing could blow five, six. 0.93
00:26:35.000 And if you have an emergency, you could get another seven or eight trillion by January, 2025.
00:26:40.000 Yes.
00:26:41.000 Is that a red line for you?
00:26:42.000 Just impossible to have an uncapped?
00:26:44.000 Absolutely.
00:26:45.000 That should be a red line for everyone.
00:26:47.000 That, that is an easy thing.
00:26:48.000 That is not radical.
00:26:49.000 That is not extreme.
00:26:50.000 Um, everyone understands tightening the belt and not spending, um, more than you have and living, uh, within your means.
00:26:56.000 And, I mean, just to have this unlimited, uh, charge card, um, here that we're using on the taxpayers behalf.
00:27:02.000 Um, Dan Bishop outlined it, um, pretty great.
00:27:04.000 You know, how much is a trillion dollars?
00:27:06.000 He said a trillion dollars is $8,000 for every man, woman, and child in America right now.
00:27:11.000 And, and that's some $275,000 right now that currently every man, woman, and child in America owes.
00:27:17.000 And we're going to add another 32, uh, uh, 32 billion, uh, dollars or $32,000 onto that.
00:27:24.000 Unbelievable.
00:27:25.000 Can you hang with us for another?
00:27:26.000 I can't.
00:27:27.000 Yes.
00:27:28.000 Okay.
00:27:29.000 We're going to take a short break.
00:27:30.000 We've got Dr. Peter Navarro.
00:27:31.000 He's also going to be with us.
00:27:32.000 Uh, two zero two, two two five.
00:27:34.000 In fact, when our audience calls a congressional office, what should be their message today?
00:27:38.000 Um, they need to be telling every Republican to vote.
00:27:41.000 No.
00:27:42.000 Um, I, I don't think that you're going to sway the Democrats, but certainly, um, call these, um, Republican members,
00:27:46.000 particularly your member.
00:27:48.000 Um, because I know firsthand that, uh, you know, those, um, that has an impact when your
00:27:53.000 office gets a call.
00:27:54.000 It does, but, uh, it's, it's really, um, easy for staff to disregard someone who, um, their
00:27:58.000 member does not represent.
00:27:59.000 And they say, we'll call your member of Congress.
00:28:01.000 Um, so be sure you're calling them, but, um, tell them to vote.
00:28:04.000 No, I still call other offices.
00:28:06.000 People call mine all day long.
00:28:07.000 Sometimes I answer the phones.
00:28:08.000 Uh, some of those are positive and maybe some of those are Democrats.
00:28:13.000 I kind of get sad when it's the positive ones.
00:28:15.000 I was like, man, I was looking forward to a fight here.
00:28:17.000 And, uh, you know, like, Oh, this is a real one.
00:28:19.000 You like fighting.
00:28:20.000 You're from Colorado.
00:28:21.000 You like fighting and man, we got to fight.
00:28:22.000 Okay.
00:28:23.000 We're gonna take a short commercial break.
00:28:24.000 Right.
00:28:25.000 Continue.
00:28:26.000 Congressman Boebert is about to head over to testify in front of the rules committee.
00:28:30.000 That's going to go late.
00:28:31.000 Then they're going to have votes seven 30, a conference.
00:28:33.000 And I'm sure that conference is going to be some arm twisting all day long.
00:28:37.000 People have been going out of the speaker's house and it looks like more.
00:28:40.000 No votes are coming.
00:28:41.000 Uh, come to fruition.
00:28:42.000 People say maybe as much as some of the media reporting, maybe as much as 80 right now.
00:28:47.000 Okay.
00:28:48.000 Short commercial break.
00:28:49.000 Dr. Peter Navarro is also with us.
00:28:50.000 Stick around in the war and be back in a moment.
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00:30:24.000 So we've gone from, you know, four trillion ish to six trillion ish or something along those lines.
00:30:30.000 Those lines.
00:30:31.000 And in a post COVID environment, we're now going to say we're freezing spending.
00:30:38.000 We're, as some articles have said, bending, you know, the curve down.
00:30:43.000 So we're bending the curve down off of the higher COVID levels of spending in order to extract an agreement to push the debt ceiling all the way to January 1st, 2025 in the middle of a lame duck, which by most accounts would amount to maybe four trillion ish of increase.
00:31:00.000 And I'm trying to figure out how that's good for the American people.
00:31:05.000 That's what I'm trying to figure out.
00:31:08.000 That's not exactly ratcheting back our spending.
00:31:11.000 This is like watching the Indy 500 on Sunday and like you're going 240 down the stretch and you're going, oh, the curve's coming up and I'm just going to let my foot a little bit off the gas.
00:31:19.000 She could go barreling right through the curve, right into the wall. 0.96
00:31:22.000 And that's what we're doing.
00:31:23.000 We're not making the substantive transformative changes necessary.
00:31:28.000 We already acknowledged here, I think on a bipartisan basis, we're not touching mandatory spending in any significant way.
00:31:35.000 Actually, I'm fine with that in the current circumstances of this political environment.
00:31:40.000 But I think we ought to be on a bipartisan basis actually sitting down to roll our sleeves up and address mandatory spending.
00:31:46.000 Unfortunately, my colleagues on the other side of the aisle, their only response ever to that is taxes.
00:31:50.000 Literally, that's the response.
00:31:52.000 Say, okay, well, let's talk about all that.
00:31:54.000 Let's talk about overall revenue to the Treasury and then talk about what we're going to do to the Treasury.
00:31:57.000 And then talk about what we're going to do to reform mandatory spending.
00:31:59.000 But we don't ever do that.
00:32:00.000 But put that aside.
00:32:01.000 In discretionary, we're talking about a freeze.
00:32:06.000 A freeze in spending post-COVID.
00:32:09.000 And I think that, I think, is what a lot of the American people are concerned about.
00:32:16.000 To the extent that I'm trying to put any meat on the bone of what my friend from South Carolina said about smoke and mirrors.
00:32:22.000 Is, oh, these cuts.
00:32:24.000 We're going to save $2 trillion over 10 years.
00:32:27.000 Well, when the CBO says that, and I think this is correct, right?
00:32:31.000 They are assuming that we're going to spend at those levels that are capped and the targets, which are not, of course, in law.
00:32:40.000 They're just targets.
00:32:41.000 So the $2 trillion is, you know, like most things in this town, a fiction.
00:32:48.000 It's just saying, well, if you guys do something remotely responsible like this, you'll save $2 trillion.
00:33:03.000 If I heard one of my colleagues correctly earlier about the defense spending, the defense spending, it was critical of increasing defense while decreasing non-defense.
00:33:18.000 Okay.
00:33:19.000 I mean, my personal view was that we should have a top-line number here and then go duke it out in appropriations.
00:33:26.000 Why isn't that better for us?
00:33:29.000 I'm going to ask everybody here.
00:33:30.000 Why isn't it better to do like a normal family does and say, here's your number.
00:33:34.000 Now go figure it out in appropriations.
00:33:36.000 Because I think one of the fundamental problems we have in this town is we keep playing games with these bifurcated caps.
00:33:43.000 And we go, okay, we're going to have 704 for non-defense.
00:33:47.000 Okay.
00:33:48.000 That is Chip Roy over at rules.
00:33:50.000 Congressman Bover is going to leave here in a second.
00:33:53.000 Very powerful.
00:33:54.000 Chip Roy and Ralph Norman fighting the good fight there.
00:33:56.000 Tell the audience what we just saw.
00:33:57.000 Yes.
00:33:58.000 So Chip right now is in the rules committee.
00:34:00.000 They would love to kill this bill entirely.
00:34:03.000 Speaker McCarthy still has an opportunity to pull the bill.
00:34:06.000 But right now we're seeing Congressman Chip Roy and Ralph Norman.
00:34:11.000 They're banded together being the only ones trying to take this down.
00:34:14.000 And that's not enough to kill it to prevent it from actually going to the floor.
00:34:19.000 So I have been working with them and our colleagues in the House Freedom Caucus and those in the 20 who stood up during the speakers fight.
00:34:26.000 And I've said, well, since you're going to fail at preventing that bill from going to the floor, then open the rule up and allow us to add amendments to the bill so we could go to the House floor.
00:34:38.000 We could debate them.
00:34:39.000 We could debate them.
00:34:40.000 You know, I would like to not see that limited.
00:34:42.000 I'm OK with there being 100 amendments.
00:34:44.000 I'll be here all week.
00:34:45.000 Could you stay all night every night and just work it?
00:34:47.000 Imagine if we were just here and did our jobs.
00:34:49.000 Talk to me about just breaking right now.
00:34:52.000 Congressman Diana Harshbarger is a no. 0.99
00:34:55.000 And she's got a very powerful tweet.
00:34:57.000 Tell us about that.
00:34:58.000 Why is that important?
00:34:59.000 That is so important.
00:35:00.000 So I believe that Harshbarger was definitely one of these bellwether votes.
00:35:04.000 And for her to come out as a no today is very powerful. 1.00
00:35:09.000 Her message is powerful.
00:35:11.000 I've retweeted her.
00:35:12.000 This is somebody that we had actually discussed and said, where is she?
00:35:16.000 We don't know.
00:35:17.000 And I'm very proud of her for coming out against this.
00:35:20.000 But we're seeing all sorts of members like that.
00:35:23.000 Wesley Hunt.
00:35:24.000 Corey Mills.
00:35:25.000 Corey Mills.
00:35:26.000 Byron Donalds.
00:35:27.000 Waltz.
00:35:28.000 These are also ambitious people.
00:35:30.000 These are people that see downrange, correct?
00:35:32.000 Yeah.
00:35:33.000 These are not the wallflowers.
00:35:34.000 Right.
00:35:35.000 Exactly.
00:35:36.000 I mean, even Nancy Mace has come out as a hard no.
00:35:38.000 And she's got plenty of tweets to defend her no. 1.00
00:35:40.000 She's going to be here tomorrow in the war room.
00:35:42.000 Yes.
00:35:43.000 We have Kat Kammack who came out as a no today. 0.97
00:35:45.000 Kat Kammack's big. 1.00
00:35:46.000 Tell us why Kat's big.
00:35:47.000 Because these are people close to McCarthy.
00:35:49.000 That's exactly why.
00:35:50.000 That's why that's a big deal.
00:35:52.000 Because these are people who are close to McCarthy.
00:35:54.000 And, you know, some of them have made excuses to vote kind of the wrong way before because
00:36:01.000 that's what leadership told them to do.
00:36:03.000 And, you know, there are those of us that Americans know we didn't go here to get along.
00:36:07.000 And we are going to stand our ground.
00:36:10.000 But there are other members, you never really know what game they're trying to play, what
00:36:14.000 seniority they're trying to get, what chairman seat that they're trying to achieve.
00:36:19.000 And, you know, for these people to come out, that's really, really powerful.
00:36:23.000 The cynical people in town are saying, listen, McCarthy's telling those guys you can go ahead
00:36:26.000 and do it because I can make it with Democrats.
00:36:28.000 Is that true?
00:36:29.000 And is he really, is it a possibility for him to continue to govern if he gets, he needs 80
00:36:34.000 to 100 Democrat votes?
00:36:35.000 If this bill passes with the majority of Democrats voting in favor of it, then I'm sorry, that's
00:36:40.000 the end of Kevin McCarthy's speakership.
00:36:43.000 That is a bad, bad look to pass a bill of this magnitude without the support of the majority.
00:36:51.000 And if it's Democrats that-
00:36:53.000 Is that forgivable?
00:36:54.000 I don't know.
00:36:55.000 I mean, I don't know how the people who vote against it forgive that.
00:36:59.000 Even those who weren't involved in the speakers race, to the extent that I was.
00:37:03.000 Isn't that the important thing you've seen in the last 24 hours?
00:37:05.000 And they're saying, oh, McCarthy's telling them.
00:37:06.000 But you're seeing some of the most high visibility, people who are not part of the 20,
00:37:11.000 who I know a lot of people are saying behind the scenes, hey, we want to support you guys, we
00:37:15.000 just can't.
00:37:16.000 They're coming forward because this bill's so bad.
00:37:18.000 Right.
00:37:19.000 And really, there are so many parts of the deal that have been broken in this.
00:37:24.000 And my priority is not a motion to vacate right now because I don't think that we have
00:37:27.000 the numbers for that.
00:37:28.000 So why entertain it at this point?
00:37:30.000 I mean, we'll see what comes out of this anti-deal and if it passes, how it passes,
00:37:35.000 who's involved in it.
00:37:37.000 But I mean, one of the baseline parts of our negotiation was to get spending back to fiscal
00:37:43.000 2022 levels.
00:37:45.000 I mean, that was number one.
00:37:48.000 Like, this is where we want our spending to be.
00:37:50.000 And a one-year deal with a cap.
00:37:51.000 Yes.
00:37:52.000 And that's not, that's how we're seeing.
00:37:53.000 The people in Colorado did not send you here to uncap two years, which could be five,
00:37:57.000 six, seven, eight train dollars.
00:37:58.000 I was not sent to Congress to govern this way.
00:38:00.000 And if Republicans governed how they campaigned, we would not be in this mess.
00:38:05.000 What do you mean by that?
00:38:06.000 I, I, I, every, every Republican is fiscally responsible and they want to take care of
00:38:10.000 the debt on the campaign trail.
00:38:12.000 Absolutely.
00:38:13.000 But then when it comes down to it, they make excuses.
00:38:15.000 I've heard our appropriators who are, um, my, my colleagues on the appropriations committee
00:38:20.000 saying, Oh, we can't do this because it's just going to be too many programs cut.
00:38:24.000 And, you know, and Democrats are going to come after us and how are we going to win an election?
00:38:27.000 Like, well, if we're not going to cut spending now, then when are we going to?
00:38:30.000 And actually that's something that you've alluded to a lot since I've been here.
00:38:33.000 The appropriations fight, this is setting us up for failure in the appropriations fight.
00:38:38.000 I'm not believing the argument that you could kick the can down the road to appropriations
00:38:43.000 and somehow get a victory out of that.
00:38:45.000 It's not going to happen.
00:38:46.000 That's what they're trying to certain people are trying to sell that right now.
00:38:48.000 That's, that's absolutely 180 from the truth.
00:38:51.000 Correct?
00:38:52.000 Absolutely.
00:38:53.000 Appropriations is a great place to fight, but if we're losing this, if we're surrendering,
00:38:56.000 this fight, then we have no hope in appropriations.
00:39:00.000 We got it.
00:39:01.000 You got to go.
00:39:02.000 We got two minutes with you before you got a punch. 1.00
00:39:04.000 Sure.
00:39:05.000 Talk to our audience.
00:39:06.000 When they call, what should they be?
00:39:08.000 What should they be telling their representative?
00:39:10.000 Yes.
00:39:11.000 Call your representatives and tell them that this is a bad deal for Americans,
00:39:14.000 that you did not send them to Washington, D.C.
00:39:17.000 to sell out your children and your children's children's future.
00:39:21.000 This is astronomical.
00:39:22.000 I mean, $4 to $6 trillion we're hearing in an increase, an unlimited debt ceiling increase
00:39:28.000 with no caps, no end dollar amount, just a date.
00:39:34.000 And then it also puts our presidential candidacy for a Republican nominee on the line.
00:39:40.000 We are giving Joe Biden a pass.
00:39:43.000 We are promoting Biden's radical agenda.
00:39:46.000 Democrats are gleefully supporting this bill, and that should cause you some pause.
00:39:52.000 At least pause enough to dial that phone number and call your representative and tell them
00:39:57.000 to vote no.
00:39:58.000 They need to hear from you.
00:39:59.000 They represent you.
00:40:00.000 They are your voice in Congress.
00:40:02.000 And I hope tonight that I'm able to get some amendments to the floor so I can represent
00:40:07.000 the people in Colorado's 3rd District well and fight for them.
00:40:11.000 The next 48 hours is going to be some of the most intense arm-twisting in this city
00:40:14.000 in many years, right?
00:40:15.000 Yes.
00:40:16.000 It's going to get ugly?
00:40:17.000 Oh, absolutely.
00:40:18.000 You know, but that's what's so frustrating about this place.
00:40:22.000 People are promised things and they have ambitions to get somewhere and be somewhere.
00:40:25.000 I came here to serve my constituents, and that should be the top priority for every member
00:40:29.000 of Congress.
00:40:30.000 And instead, they're saying, you won't get on this committee.
00:40:32.000 You're not going to get this gavel and chairman of this.
00:40:35.000 That is so frustrating because all of these members get strong-armed.
00:40:41.000 And unfortunately, some of them listen to them.
00:40:44.000 But I think we're seeing already with the amount of Republicans who have come out against
00:40:48.000 this legislation that there are people saying enough is enough.
00:40:52.000 The debt is out of control.
00:40:53.000 This is one of the greatest threats to our country is out of control federal spending
00:40:58.000 and our national debt.
00:40:59.000 And this is doing nothing to save that.
00:41:01.000 And we have the same radical Democrat policies still intact.
00:41:06.000 And we aren't taking any of those out in this deal.
00:41:08.000 How do people follow Lauren Boebert in the next 48 hours? 0.98
00:41:11.000 Yeah.
00:41:12.000 On Twitter, I'm at Lauren Boebert or at Rep Lauren Boebert.
00:41:14.000 And then Facebook, Lauren Boebert for Congress.
00:41:16.000 And, you know, I'm trying to get as much information out as possible.
00:41:20.000 And actually, another great tip.
00:41:22.000 These members who have come out and publicly stated that they're voting no.
00:41:26.000 Support them.
00:41:27.000 Support them.
00:41:28.000 Retweet them and make sure your comments are there.
00:41:31.000 Call their office and say great.
00:41:32.000 And thank them.
00:41:33.000 Support them.
00:41:34.000 Very intense.
00:41:35.000 Thank you very much.
00:41:36.000 You're a fighter.
00:41:37.000 We're going to follow closely.
00:41:38.000 We're going to go to your testimony.
00:41:39.000 We're over rules.
00:41:40.000 All right.
00:41:41.000 Sounds good.
00:41:42.000 Thanks so much, Steve.
00:41:43.000 Dr. Peter Navarro.
00:41:44.000 Give us your assessment right now.
00:41:45.000 We're going to hold you to also the D block. 0.97
00:41:46.000 And tell us, give me your assessment of where we stand right now, sir.
00:41:49.000 Steve, everything Congressman Boebert said is right.
00:41:53.000 Everything's Chip Royce saying.
00:41:55.000 Oh, that's right.
00:41:56.000 But the buried lead here, Steve, is that the Biden McCarthy Memorial Day surrender institutionalizes
00:42:05.000 the biggest problem we're facing for the next 10 years, which is friggin' stagplation.
00:42:09.000 I want to urge every member of Congress right now to read the piece today in the Washington
00:42:15.000 Times I wrote.
00:42:16.000 It's from the Substack.
00:42:17.000 And it lays out exactly why we needed to hit two marks.
00:42:21.000 McCarthy needed to hit two marks.
00:42:23.000 He needed to reduce the spending to cut the demand pull inflation.
00:42:27.000 And he needed to reestablish our strategic energy dominance by rolling back all these
00:42:33.000 constraints on our fossil fuels industry to deal with the cost push inflation.
00:42:37.000 He didn't do either one of those.
00:42:39.000 And that deal, Steve, that is the worst negotiation I've ever seen.
00:42:43.000 I feared when he'd left everybody behind and decided to sit down with Feckless Joe by himself
00:42:49.000 in his tennis shoes.
00:42:51.000 I mean, friggin', I'm no fashion player, but that guy looked like a friggin' dork going
00:42:55.000 in there who couldn't find the men's room in the West Wing.
00:42:58.000 And he walked out of there with his pockets picked.
00:43:01.000 Gee, it's just like, come on, brother.
00:43:04.000 Your hair's cold beautifully, Kevin, but you don't know crap about anything.
00:43:10.000 Okay, here's the question I'm going to ask you.
00:43:12.000 I don't want the answer until we come back after the break.
00:43:17.000 But in doing this, they've taken this out of the national conversation because they took
00:43:21.000 off a cap, added a second year.
00:43:23.000 It's uncapped for two years.
00:43:25.000 I want Dr. Peter Navarro is going to tell me when President Trump returns in January 2025,
00:43:31.000 what is going to be the smoking cinder, the smoking hole that is the American economy.
00:43:36.000 We're going to take a short commercial break.
00:43:38.000 Dr. Peter Navarro from Harvard University is going to join us on the other side to talk
00:43:42.000 about this.
00:43:43.000 This is a fight.
00:43:44.000 And I'm telling you, you're seeing some folks that are natural allies of Kevin McCarthy
00:43:50.000 are coming up and saying, not no, but hard no.
00:43:53.000 Now, the cynics are saying, hey, he's just given enough out.
00:43:56.000 He knows he has the votes.
00:43:57.000 But those votes are Democrat votes.
00:43:59.000 And he's going to have to be accountable for that.
00:44:02.000 And the accountability is a Speaker of the House, a Republican Speaker of the House,
00:44:07.000 following Nancy Pelosi's reign of terror, cannot govern with Democrats on massively important
00:44:14.000 bills like that.
00:44:15.000 It doesn't work that way.
00:44:16.000 This is it doesn't wash, as they say in prep school.
00:44:20.000 OK, back with Dr. Peter, Peter, Peter Navarro in a moment.
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00:46:39.700 Okay, welcome back.
00:46:41.640 Kat Kamek has put out a tweet.
00:46:43.080 She's a no.
00:46:43.820 Not just you have Gates and the hardcore Trump people.
00:46:47.780 You've got Kat Kamek. 0.55
00:46:49.020 You have Byron Donalds.
00:46:50.440 You've got Michael Walls.
00:46:51.880 You've got Corey Mills.
00:46:53.920 Hey, and those are some of the strongest offense guys also.
00:46:56.760 But hey, they're all no's. 0.99
00:46:58.920 Those are four, you know, rising stars and known as kind of in McCarthy camp.
00:47:05.100 You've got Wesley Hunt.
00:47:06.280 These are some big names.
00:47:07.420 I know this thing is saying they're just because their districts are so red.
00:47:10.980 They've got to do this.
00:47:12.360 Hey, there's something going on here.
00:47:14.080 Also, Matt Gaetz has been very kind of close to the vest on this.
00:47:17.260 Quote, this is from CNN breaking.
00:47:19.880 This is a quote.
00:47:20.660 If a majority of Republicans are against a piece of legislation and you use Democrats to pass it,
00:47:26.240 that would immediately be a black letter violation of the deal we had with McCarthy and would likely trigger an immediate motion to vacate.
00:47:34.360 Dr. Peter Navarro, by uncapping this deal and giving two years in January 2025, when you come back in as either senior economic advisor or over at Treasury, you're going to have a smoking hole as an economy.
00:47:49.260 Sir, am I incorrect?
00:47:50.060 No, you're exactly correct.
00:47:53.660 See, this is the turning point.
00:47:58.080 Every person needs to read this Washington Times article.
00:48:01.640 Kevin McCarthy had a chance to make history.
00:48:05.140 Instead, he's just another footnote to history.
00:48:07.420 And what I mean by that is he cut the typical uniparty deal, and it was a really bad negotiation because there's nothing in there.
00:48:16.140 I think that the poster child in that was what Lauren Boebert mentioned, where it's like, hey, they're going to double the size of the IRS, and McCarthy clawed back like two IRS agents.
00:48:29.800 I mean, come on.
00:48:31.020 But the big problem we're facing, Steve, is stagflation.
00:48:35.320 Listen, I'm old enough to have gone through all 12 years of that.
00:48:41.920 You know, it started in 68, didn't end until a deep recession in 1981 that was triggered by Volcker, just taken us into a horrible recession.
00:48:52.900 And it was a series of political miscues all along the way by footnotes to history that took us through that.
00:49:01.560 But McCarthy, I mean, look, he's like the Boston Celtics now of politics.
00:49:06.820 It's like the Celtics fight back beautifully.
00:49:09.280 Like McCarthy gets this really strong deal that Russ Vogt, but basically engineered, that would have solved at least some of the stagflation problem because it had a way to reduce the spending and deal with the strategic damage.
00:49:24.260 I want to talk to something very close to your heart.
00:49:28.200 But Kat Kamek on hers has said, since she worked on the RAINS Act, she said this whole thing on the EOs is all ephemeral.
00:49:40.560 It's all a joke.
00:49:41.400 The OMB can come in at any time and back his EO with the thing.
00:49:44.740 That's over a trillion dollars in the CBO.
00:49:47.060 How big a deal is that?
00:49:48.560 Because you worked on that with the RAINS Act was a big deal with his regulatory reform.
00:49:53.600 Kat Kamek's on to something here.
00:49:54.900 And she's saying, hey, I'm a no, because this thing is a joke.
00:49:57.760 Peter Navarro.
00:49:59.020 Well, I can tell you that there were all sorts of shenanigans constantly being played.
00:50:03.620 In the words of the infamous Deborah Burke, there's workarounds that the deep administrative state uses basically to thwart the will of the American people.
00:50:14.140 See, this deal effectively is a blank check.
00:50:17.220 I mean, look, it was a stupid deal for McCarthy to cut, but I also think it was selfish.
00:50:22.240 This needs to be put out on the table.
00:50:24.600 Biden didn't want this thing to come up again in an election.
00:50:29.400 He didn't want to have to be responsible for that, right?
00:50:33.320 But McCarthy didn't either.
00:50:35.540 It's a threat to his leadership, just like it is right now.
00:50:38.640 He didn't want that battle.
00:50:39.940 So he caved on that.
00:50:41.680 It's just so, I mean, if we want to take back the House and the Senate.
00:50:46.960 Yeah, it's just, Steve, I can't tell you, you were in business school.
00:50:53.360 You went through a course where they had the negotiating box, two people on either side of the table.
00:50:59.660 And the place you wound up in the box that was based on your relative bargaining power, McCarthy should have got everything that Russ Vogt had because he was holding all the cards.
00:51:09.620 And he got nothing, nothing.
00:51:12.060 And the American people are going to get screwed.
00:51:14.240 Dude, yeah.
00:51:15.820 Hang on for a second.
00:51:17.000 This is Mary Miller.
00:51:18.740 I will vote no on increasing the debt on our children's grandchildren by $4 trillion because this deal does not contain anywhere near the cuts and policy changes we need in order to stop Joe Biden's war on the American people.
00:51:30.420 That's Mary Miller, Illinois.
00:51:31.460 Peter, your article is amazing.
00:51:33.700 You lay it all out.
00:51:34.380 How do people get to all your writings?
00:51:36.380 How are they following you on social media, brother?
00:51:37.840 Steve, it's all about the sub stack.
00:51:40.760 PeterNavarro.Substack.com.
00:51:43.020 PeterNavarro.Substack.com.
00:51:44.940 The Washington Times is doing a great job in terms of putting once a week my best sub stack of the week up.
00:51:53.360 This one is about why McCarthy surrender or sacrilege on Memorial Day weekend, a surrender, is going to institutionalize stakeflation for the next 10 years.
00:52:06.020 And that's all on Kevin McCarthy.
00:52:08.200 So PeterNavarro.Substack.com.
00:52:10.320 Brother, you keep doing what you're doing.
00:52:11.660 We've got to get that well over 100 Republicans to just say no on this.
00:52:16.460 And that's going to trigger what Matt Gaetz rose with, and he's playing this like a chess master because he didn't immediately jump to that.
00:52:25.180 He's just laying out the scenario.
00:52:28.140 Matt Gaetz is the master.
00:52:29.940 He's the master strategist.
00:52:31.760 I even tip my hat to him.
00:52:33.920 One last thing.
00:52:35.420 This whole two-year uncapped, it's going to cause a major economic downturn.
00:52:40.740 We've got to stop it.
00:52:41.520 PeterNavarro, honored to have you on here, brother.
00:52:44.100 I know you're fighting the good fight every second of every day.
00:52:46.140 You are officially going to the mattresses on this, and you are in the trenches.
00:52:52.320 And this is like in the South China Sea with 1,000 Chinese missiles pointing at you.
00:52:57.560 Oh, man.
00:52:58.560 We have just begun to fight, brother.
00:53:00.060 Thank you.
00:53:01.160 We've only just begun to fight.
00:53:02.980 John Paul Jones.
00:53:04.800 Okay, folks, stick around.
00:53:06.740 We've got another hour.
00:53:07.480 It's going to be intense.
00:53:08.160 We're going to go to the Rules Committee.
00:53:09.880 We are going to be all over this.
00:53:12.900 Matt Gaetz, the master chess master.
00:53:15.060 The chess master.
00:53:16.980 By the way, his ratings last night in Newsmax topped CNN.
00:53:22.200 Chris Reddy, don't be making an offer to Gaetz.
00:53:24.020 We need him exactly where he is.
00:53:25.520 Maybe a future speaker.
00:53:26.700 You never know.
00:53:28.180 Maybe a Chip Roy.
00:53:29.640 Maybe a combo platter.
00:53:31.480 Short commercial break.
00:53:32.580 We're going to be back in a moment.
00:53:33.900 The second hour of the War Room on fire.
00:53:36.820 See you in a minute.
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