00:02:57.060I remember having a conversation with you early on in this Congress, and I remember telling you something.
00:03:04.400I said you were pretty much going to see the same thing out of Washington, D.C.
00:03:08.200because the players haven't changed up here.
00:03:10.720You still have a lot of members of Congress and the Senate whose priorities aren't to save the country or to get us on a fiscal responsible track.
00:03:22.180Their priorities are to elevate themselves in the political arena, make sure that their donors get taken care of,
00:03:29.860and make sure that they don't make any moves that put them in political hot water.
00:03:34.160And so I also told you that there was only one thing that had changed that could possibly move the fiscal needle back towards responsibility.
00:03:44.560And unfortunately, as I told you, that was President Trump making this a priority.
00:03:49.780Now, when I told you that, and I feel the same way today, I hate to put that on the president.
00:03:55.040I mean, he's got the world on his shoulders right now.
00:04:00.300He's putting out fires all over the world right now, in addition to negotiating all of our trade deals.
00:04:07.180But when you've seen the movie enough times, you know who the characters are, you know who motivates them, and you know what the plot is.
00:04:14.040And unfortunately, there's still not enough fiscal conservatives that are willing to put themselves in political hot water
00:04:20.680to actually have the tough conversations, make the tough decisions, and take the tough votes that will put us back on a fiscally responsible track.
00:04:51.440Trump is our hero, fought and got President Trump back in there.
00:04:55.340We kind of were under the impression that the Trump movement brought people in there that actually believe some foundational elements of what President Trump believes.
00:05:04.480And part of that is we've got to get our fiscal house in order.
00:05:06.820In order to do that, and I admit, I'm all for raising the rates on the wealthy or taking away deductions because I think they've got to throw more in here
00:05:16.300The fundamental thing we have to do is cut federal spending and do it smartly.
00:05:20.740Are you telling us you just don't think there's enough true Trump believers that are actually in the House at this time,
00:05:26.980that we've changed the electorate to a working class and middle class?
00:05:32.400We're the party that are working and middle class now, the Democrats are the party of the elites,
00:05:36.380yet we don't have elected officials that essentially believe the basic underpinnings of the Trump revolution, sir?
00:05:43.000That's exactly what I'm telling you, Steve.
00:05:46.480And when you look at some of the hot button issues up here in reconciliation, like you look at some of our colleagues from blue states like New York and California,
00:05:55.960and they're pushing, you know, for increases in salt, you know, tax deductions, you know, you've got, I think, 20 members of the House that have signed a letter saying they're unwilling to repeal the Inflation Reduction Act
00:06:09.440and all the green energy subsidies that went along with that, you've got, obviously, you've got a big fight up here about Medicaid and reforming Medicaid.
00:06:20.280You know, that program has grown 50 percent in the last five years.
00:06:24.720I think there's close to 80 million people on Medicaid right now.
00:06:29.020And I know that this has been a hot button topic even on your show.
00:06:32.520But, you know, there are many of us that believe that we have to have cuts across the board on most of these programs, including the Department of Defense,
00:06:42.240which has been one of the most disappointing things that I've seen up here is that that's one program that's like this golden cow that can never be touched.
00:06:51.580But I want to bring you back to a couple months ago when I was on your show.
00:06:55.180I talked about how some of us at the beginning of this reconciliation process were advocating for a two-bill structure.
00:07:12.340And one of the reasons we were advocating for that was for a couple of different reasons.
00:07:16.540One, we wanted to get Tom Holman the money that he needed to carry out this huge deportation, border security operation.
00:07:24.880And we didn't want that to drag out into the summer.
00:07:28.000You know, we knew he was already, you know, operating at a deficit because Congress hadn't done the work to get him his money.
00:07:34.680But the other reason we wanted that, Steve, because we knew if we got into a one big, beautiful bill situation, you know, it basically any any one of these factions that's fighting for, you know, don't you know, don't touch Medicaid, don't reform Medicaid.
00:07:51.520You know, the salt increases or, you know, the IRA continuation could kill this bill.
00:07:58.920And I'll tell you, Steve, this town's not good at advocating for the American people or doing the right thing.
00:08:04.700But one thing they're very good at is putting elected officials, members of Congress in a very tight situation and applying a lot of political pressure.
00:08:13.640And I knew that's what was going to happen if we got into this one big, beautiful bill.
00:08:17.820And, you know, so at the end of the day, when you've got all these different factions fighting for what their priorities are and you've got all of these things that the American people need, like, you know, the continuation of the Trump tax cuts, border security, you know,
00:08:34.160everything that the president has taxed Pete Hegseth to do with the Department of Defense, we knew it was going to come.
00:08:41.480We knew it was going to turn into, you know, this this bill that kind of resembles in many ways omnibuses, CRs.
00:08:49.040And it's just it's going to be it's going to have some great things in it, but it's also going to be loaded with a lot of things that, you know,
00:08:56.320the war room posity and, you know, more conservative constituents in this country don't support.
00:09:02.120And that's that's where we're at right now.
00:09:05.080And like I like I told you, there was only one thing that I saw that was going to change the trajectory.
00:09:11.320And that's if, you know, the president, you know, pulled the leadership from the House and the Senate in a room and said, hey, this is a priority.
00:09:47.140Ron Johnson is advocating right now this afternoon before he came on.
00:09:51.060He's advocating all day that we've got to go to the two bill.
00:09:54.040This is whatever you guys were in the House is just not going to pass in the Senate.
00:09:57.040And he's putting up the flare right now to say if we don't want a total debacle, right, of having something that can't pass or takes out all summer and you're in the fall before you vote, you've got to bifurcate that now.
00:10:09.420Is there any appetite in the House to back Senator Johnson's place, sir?
00:10:15.720I think there's appetite from a few of us, Steve, but not the House as a whole and definitely not our leadership.
00:10:23.240Our leadership has won one big, beautiful bill the entire time.
00:10:26.900They've been advocating it the entire time.
00:10:29.580And, you know, Steve, I want to go back and I want to let the posse in on one of the most influential conversations, eye-opening conversations that I've had in this Congress.
00:10:40.900Several of us from the House Freedom Caucus flew down to Florida probably about two and a half months ago.
00:10:55.460That's Jim DeMint and Mark Meadows, and they're one of the big groups like CRA, Heritage, Project 25, America First Law, America First Policy.
00:11:05.120They're one of the big – they're one of the top five big hitters.
00:11:24.160Is it $50 trillion that this house of cards finally collapses?
00:11:28.580And he told us in that meeting, he said, according to my modeling, which matches many of the other big models out there that are well-respected around the world,
00:11:37.320we have about $17 trillion left in debt cap before we can no longer sell our bonds.
00:11:42.680He said, if you guys extend the Trump tax cuts at the end of this year, that number goes down to $12 trillion.
00:11:48.080And he said, so basically, if you do the math and you're running $2 trillion deficits, you have about six years, provided that there are no wars, no huge natural disasters, before we can't sell our bonds.
00:11:59.520And I know you talk about this all the time on your show.
00:12:01.540Hold on, hold on, hold on. Full stop, full stop, full stop.
00:12:11.580He's the guy that thought up, wrote the classic, this time it's totally different, that went through throughout history when governments in monarchies set,
00:12:21.540when debt went over percentages of GDP like we are now, every time the finance minister would tell the king, hey, this time it's totally different, I've got to handle this.
00:12:39.240Another massive study that we're going to get into the rest of the week.
00:12:42.340I want you to repeat what you just said.
00:12:43.800Start it at the top and walk us back through that because this is someone smart putting up a flare and you've got to pay attention to this.
00:12:57.080So, you know, I've been a member of the War Room Posse for a long time.
00:13:00.220And one of the things you guys talk about on this show, which I wholeheartedly agree with, is that this model, this trajectory that we're on is unsustainable.
00:13:36.900He had worked in Trump's first administration, and he said based on his modeling, which was consistent with a couple of the other models that are widely accepted and respected in the country, he said we have $17 trillion left in debt cap before we can no longer sell our – before we can't sell our bonds anymore.
00:13:57.120And he said if you guys extend the Trump tax cuts at the end of the year, that modeling shows that you now have $12 trillion left in debt cap.
00:14:06.280And so he said, you know, you do the math.
00:14:11.720You have between five to seven years left.
00:14:14.380And that's provided that there's no new war or no natural disaster that takes place where we have to, you know, start spending more money.
00:14:22.960And that's just how dire the situation is, and that's why some of us feel like we're on the bridge of the Titanic screaming that we're headed towards, you know, this iceberg.
00:14:32.980We're trying to turn this wheel, you know, to avoid hitting this iceberg.
00:14:38.180Okay, so knowing the warning, knowing the warning, knowing the – but knowing the warning in the way that you and Baze can talk to people, that is a warning.
00:14:49.180We're asking for a $4 trillion lift to the cap that takes us through – it's the old game, take it through a midterm election, got it, or general, got it.
00:14:57.040But the numbers as exist today, this year, because we accepted the original sin of this to take Biden's budget and – because either they didn't have time to do the work or, more importantly, we couldn't make the tough calls.
00:15:09.940This is what the political class has done to us.
00:15:12.040You add on top of this thing that you guys are working on, this monstrosity, which it is, it's going to blow through the – we're going to be at 40 by, I think, Labor Day of 2026,
00:15:24.040which, folks, looks to me to be less than a year and a half away.
00:15:28.260We're going to be at $40 trillion, right, with a trillion and a half dollars of interest or more.
00:15:34.840And we're going to have to go through another debt ceiling release, and we're on a ticket to $60 trillion, what Andy Biggs is telling us.
00:15:42.860And the guy's addressing you saying, hey, you're basically one-third of the way there until you're essentially capped out, and the world rejects you as a prime reserve currency.
00:15:51.860Your thoughts, Eli, why can't – knowing that, why can't we get a wake-up call here and say, hey, we have to get back in the room and make some real cuts here
00:15:59.540before we really take on the tax cuts, which we need as a supply side, but get people in the room and say, hey, look, defense can't be a sacred cow.
00:16:52.840You know, I'm not good at a lot of things, but I'm pretty good at reading the room and watching people in this conference and what motivates them.
00:17:02.800And I told you and your audience that there's a lot of people up here.
00:17:06.880They want to be congressmen and senators so bad.
00:17:11.000Like that's like that's their crowning achievement in life.
00:17:14.300And they're more concerned over taking the political easy road.
00:17:18.540And as you talk about managing the decline of this country than they are in doing the right thing, taking having the tough conversation, taking the hard vote and putting themselves maybe in political jeopardy.
00:17:31.320Because you see what the left is doing right now, even as we talk about reform to some of these programs.
00:17:35.740I mean, they're raking us over the coals every day and a lot of a lot of members can't handle that pressure and they're unwilling to make these hard choices, have these tough conversations that will put us back on a fiscally responsible track.
00:17:49.700And it's hard to watch, Steve, but that's just the reality.
00:17:53.220And I'm not going to come on your show and gaslight you guys any other way.
00:17:57.660Look, you're a man of deep faith and you're also a gunman.
00:18:02.020Part of that deep faith, I think, came for the fact that you answered your country's call and became a frontline warrior in combat for us.
00:18:31.420You know, you've got Grace Chong that developed that app called Bill Blaster, where you guys can light up members of Congress and senators and, you know, let them know that we need to get serious about fiscal responsibility.
00:18:47.700You can also light us up about maybe going back to a two bill process, which I think is would be much healthier.
00:18:55.400You know, those are some of the things that you guys can do.
00:18:59.680But, you know, Steve, at the end of the day, I understand, you know, the, you know, the environment that I work in.
00:19:07.860And I also understand that, like I told you in a private conversation several months ago, and, you know, I just said on your show, I think the only way that this changes with the makeup of these two conferences
00:19:21.660is if the president of the United States makes it a priority and pulls leadership into a room and says we are going to make fiscal responsibility a priority.
00:19:32.100These are the numbers I want to see because he's got, you know, he's got great guys around him that, you know, like Russ Vogt and others that understand the situation and, you know, have the political and, you know, physical courage to actually implement some of these changes.
00:19:50.180I honestly think that that's the only way this this thing changes, because there are a lot of members up here that don't have political backbones that were hoping that Elon Musk and Doge could come in and maybe give them some political backbone.
00:20:05.100And the only thing that, you know, the only thing that really concerns them is holding on to their seat.
00:20:09.420And so if the president who uses the bully pulpit better than anybody on the planet was, you know, made this a priority and started lighting these folks up and telling leadership, this is this is going to be a priority, we're going to do this.
00:20:22.640I think that's the only way that this changes.
00:20:27.240Eli, we're going to have you on, obviously, a lot during this process.
00:20:31.360Where do people go now to keep up to you with on social media and and your website, everything you're working on?
00:20:37.840Well, Rep Eli Crane's a good social media for me, Steve.
00:20:42.620I appreciate everything you guys do, man.
00:20:44.660And thanks for having me on your show.
00:20:47.140No, thanks for your any day we can have start in the morning with Andy Biggs and finish in the evening with Eli Crane is a good day in the war room, sir.
00:22:10.400It's because we still got the 20 percent tariffs from the first term, right?
00:22:14.200So it's the 20 that Biden would never take off because you can't and never cause price inflation, plus the 20 on fentanyl, of which, by the way, the guy said today.
00:22:24.920And Scott Besson, I think, put the best face on it.
00:22:26.880They had the great side meeting in Geneva.
00:22:28.360But he said, hey, fentanyl is an American problem.
00:22:51.880But the reality is, and this is the problem, is that there's a pretty big price difference on a lot of products when you're manufacturing in China.
00:22:59.760And this is not because the Chinese are more efficient at producing goods.
00:23:02.720In fact, American workers are significantly more efficient at producing products per man hour than the Chinese.
00:23:09.100But the Chinese have all these other sort of non-tariff barriers to entry to their market that lower the cost of their goods.
00:23:15.980For example, the cost of raw materials in China is about 10 to 15 percent cheaper because they're subsidizing the cost of steel.
00:23:22.840They're subsidizing the cost of coal and then other raw materials that are going to their product.
00:23:27.440Power, energy, electricity, 61 percent cheaper in China.
00:23:31.900So if you're in energy intensive industries, there's big reason to offshore into China.
00:23:36.220And none of these issues, and this is my problem with the negotiations with China,
00:23:40.360None of these other externalized costs that make Chinese goods more competitive are being addressed.
00:23:48.320We're just dealing with sort of an apples-to-apples comparison of tariff rates, but it's bigger than tariff rates.
00:23:53.360I mean, think about the fact that China steals a minimum, a minimum of $250 billion worth of intellectual property and technology from America every year.
00:24:02.620That's not being addressed whatsoever.
00:24:05.700So I think it's great that Secretary Besant is working with the Chinese on some of these issues,
00:24:10.680but I'm very, very skeptical that China is actually going to come to the table.
00:24:15.000I mean, you have to remember, China joined the World Troy Door Organization in 2001,
00:24:19.620and they agreed that they were going to take care of all these issues over 20 years ago,
00:25:40.820So that's why Secretary Bessett and Jameson, when they brought the other guy over in meaningful discussions, the CCP is tapping us along when it comes to fentanyl.
00:25:53.660The first opium war was horrible, what the Brits did with the opium into China to kind of break China open and break Chinese culture and civilization.
00:26:55.780This July, there is a global summit of BRICS nations in Rio de Janeiro, the block of emerging superpowers, including China, Russia, India and Persia, are meeting with the goal of displacing the United States dollar as the global currency.
00:27:19.980As BRICS nations push forward with their plans, global demand for U.S. dollars will decrease, bringing down the value of the dollar in your savings.
00:27:28.660While this transition won't not happen overnight.
00:27:31.660But trust me, it's going to start in Rio.
00:27:34.580The Rio Reset in July marks a pivotal moment when BRICS objectives move decisively from a theoretical possibility towards an inevitable reality.
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00:34:53.040Are you saying, are you, hang on, are you accusing
00:34:56.460American citizens that work at K Street as K Street lobbyists in these law firms?
00:35:02.280Are you saying essentially that they and they may don't really know who the actual client is or they don't care?
00:35:09.600So they haven't done the due diligence that the interest of the Chinese Communist Party is infiltrating into bills and infiltrating into the big, beautiful bill to the detriment of the liberty of the American people, sir?
00:35:21.600That's why that's why big business, big business.
00:35:25.320I mean, look at everything you've got.
00:36:27.360And then we notice on Alibaba or some of these sites that somebody's equipment or machinery is being sold at maybe a third less than than what they normally sell it for.
00:37:22.540They have control of their they they see their credit cards.
00:37:25.480They know that, oh, that lieutenant, he flies this jet or or he he's in charge of this, you know, mechanized group or he's an he's a naval officer with this group.
00:37:36.180And that's how the Chinese all they do is collect data, Mr. Bannon.
00:37:39.900And, you know, that and they and they put it in a file and they figure out and they know where our military people are and what our capabilities are.
00:37:59.880And they want to see our political response.
00:38:01.380You're preaching the you're preaching the you're preaching the gospel of the war room, which we said there they've been at war with us.
00:38:07.780This is why and this is one of my concerns.
00:38:10.080Spencer's going to join us back here in a second.
00:38:11.420But if Trump took two years with with Lighthizer, this has to be broom Cohen and Mnuchin out of the way with their failed effort in the early part of the administration.
00:38:23.100Lighthizer, Jameson Greer, his grundune or his wingman in Navarro for two years, negotiated the most brilliant deal ever with the Chinese Communist Party with Li He at that time, vice premier two years.
00:38:34.840It took care of all the original sins.
00:38:37.700After two years in May of 2019, they ripped it up in our face and spit in our face and said, no, it's not that.
00:38:43.520And next thing you know, they released the Wuhan virus, the pandemic, onto the military games in August, September of 2019.
00:38:50.320But when you're so you're preaching to the gospel, you're preaching the gospel of the war room.
00:38:54.080When you talk to your colleagues on Capitol Hill, do they think you're wearing a tinfoil hat?
00:39:41.860They're creating what's called a genome.
00:39:43.380Now, what they're doing with that genome is, imagine this.
00:39:47.440Imagine the Chinese have the capabilities of creating a disease or a germ or a bug that just infects women in America of childbearing ages.
00:40:28.880You've got limited government, limited, I'm throwing up the air quotes, limited government Republican chairman that have 30 or 40 or 50 staff members.
00:40:38.480Is there any way on God's green earth that they know what every one of them are doing?
00:40:46.680That's why every bill that comes up here, and I've started voting against these things, they become a study.
00:40:54.240Or we're going to get a report back to Congress.
00:40:56.720Steve, that last scene in Raiders of the Lost Ark, when they show that warehouse where they put the Ark of the Covenant, that's where all those reports go.
00:48:19.180Spencer Morrison, I'm going to have you back on in the next couple of days.
00:48:22.500Just listening to Birchett, do you agree, do you think one of the reasons we got this reshoring problem and there's all kind of influence, are the K Street lobbyists, in your mind, working for our enemies?
00:48:34.520And this is one of the reasons such a heavy lift, to get the factories that they sent over to China back here to the United States, sir?
00:48:42.480Congressman Birchett is 100 percent right.
00:48:56.800Because when we have a trade deficit with China and we have a $300 billion a year trade deficit, we still have to pay for those goods, right?
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