Rob and Vinny discuss the Big Beautiful Bill and its impact on the wealthy and the poor. They also talk about the impact on Medicaid and food stamps and the impact it will have on the poor and middle class. They also discuss the impact of Elon Musk's comments on the bill and whether or not he supports it.
00:01:48.640But what I see here is that there's a deception here.
00:01:53.260And what the deception is, is you have to remember that the tax cuts are not being cut.
00:02:00.840So some people, when they present analysis, Pat, they're presenting the tax cuts like as a benefit for wealthy people on the old tab.
00:02:08.660Now, when I say wealthy people, I'm talking about business owners.
00:02:11.100Business owners and two-income households.
00:02:14.540So they're not going to have, remember the tax cuts are going to expire, Pat, right?
00:02:17.920But this bill makes the tax cuts continue.
00:02:20.660So part of the benefit for the so-called wealthy is the continuation of the tax cuts.
00:02:26.420And then when you get down to the bottom 20%, what also is going on here is the federal government has been covering Medicaid for the states.
00:02:34.560The states call up the federal government and they say, hey, I'm short of money.
00:07:00.040It's obvious with the insane spending of this bill, which increases the debt ceiling by a record of $5 trillion that we live in a one-party country, the porky big party.
00:07:10.200Time for a new political party that actually cares about the people, Rob.
00:07:13.540Go a little bit lower to see the comments.
00:07:33.060So it just kind of grok answers the question.
00:07:35.660Then go to his next tweet, what he says after that.
00:07:37.840Every member of Congress who campaigned on reducing government spending and then immediately voted for the biggest debt increase in history should hang their head in shame.
00:07:46.000And they will lose their primary next year if it's the last thing I do on this earth.
00:09:57.460And then, Rob, I sent you another one that's on Statista.
00:10:00.960It's U.S. debt rises irrespective of who is in the White House.
00:10:05.460How can we not – like, I want to ask you guys, Pat.
00:10:08.260You guys – I did it in the PBD podcast prep text.
00:10:12.320Every year, if you put the federal government in charge that somebody wrote in the Sahara Desert, in five years, there'd be a shortage of sand.
00:10:32.420Yesterday, in the Senate, they failed to remove illegal aliens from Medicaid because the parliamentarian changed the vote requirement to 60 votes instead of 51 last minute.
00:10:53.880They change voting rules in the Senate to get – sometimes you can get things done in our government by changing a voting rule because you have the power to change the rule regardless of what the number of seats for the Republicans, Democrats.
00:11:06.180But we own the House and the Senate, so what is going on?
00:11:10.200Because I understand the few, and I get Elon's piss, and I get that little – that rivalry right now.
00:11:14.920But at the same token, Tommy, we are going further and further and further in debt.
00:11:21.240We're giving money to – by the way, and I looked it up.
00:11:23.440You know how much money that is for Medicaid and all that stuff for the illegals?
00:11:27.900It's in the billions and billions of dollars every year, and they're still fighting for illegals, and illegals won.
00:11:33.520I read it's almost $40,000 a year for 100 million Americans, that if you just said, okay, 100 million Americans on the entitlement programs, and you take that – well, I think Pat said $3.2 trillion.
00:12:28.440That's the question you've got to ask yourself.
00:12:29.500Good point, which I know he's being selfish in that context, but in the bigger picture, he's like, look how much money we're spending to get everybody to be on his side.
00:12:41.840Everybody looks at Tesla, and they say, ha, ha, ha.
00:12:44.500People have more insurance on their Teslas because insurance companies have put like a 15% to 20% premium on Teslas because of the risk of vandalism.
00:13:05.000So let's just think of it that he has two air hoses, right?
00:13:08.760One air hose that's giving him profits through the air hose is his cars.
00:13:12.560The other is they've been working for seven years to build the supercharger network, and two years ago, they went nuts trying to sign deals with every other car company.
00:13:24.300So if you bought an EV from Cadillac or an EOS from Mercedes-Benz, you were having in America a 60% chance of getting electricity into the car from Elon Musk when you went to service stations and recharge places.
00:13:39.720So guess what? When you pull the EV mandate, it's not just the Tesla cars.
00:13:44.120It's the rest of the auto industry is selling less EVs, and those EVs aren't plugging into all those electricity stations.
00:13:51.080That's his other air hose because Tesla below the surface is really an energy distribution company long term more than it is a car company, and the EV mandate, it steps on both sides of that.
00:15:20.840Trump needed Elon for a little bit of money, a little funding for the campaign.
00:15:24.520Elon needed Trump because he couldn't no longer endorse the Democrats, and he aligned himself with Trump, dark MAGA, everything that happened with that.
00:15:32.580But what we're seeing is the fallout of a relationship that's not actually natural.
00:15:38.920This is a transactional relationship, and it could go very ugly from here.
00:15:43.720Just when we thought it was going to get, you know, the ugliness was behind us when Elon apologized.
00:15:47.600All of a sudden, they're both willing to die on this big, beautiful bill hill, and we'll see where it goes.
00:15:54.200Guys, this isn't freaking a newsflash.
00:16:06.980Listen, but from what I'm looking at, from the charts and the spending and all the stuff and all the Senate, Tom, we're going bankrupt, okay?
00:16:14.760And it's like, you're talking about the numbers, just look at the stats.
00:16:18.360Our Defense Department budget is a trillion dollars a year.
00:16:22.140Interest payments on the national debt exceeds the Defense Department budget.
00:16:26.740That's, we're, I understand, it's just, what are we doing to try to change it?
00:17:24.500You know, someone says, you know, you go to, you know, usually this guy hits, you know, a couple home runs a year, but in Colorado, I mean, this guy's like a slugger of the year.
00:17:35.560Because the mile high stadium, the ball travels further.
00:17:39.480You have the, you know, wind at your back, you know, that whole type of thing.
00:17:43.500Dynamic scoring, what they're basically saying is you have to factor in other factors that can lead for the economic, for the economy growing,
00:17:50.780such as more revenue coming in, more people investing.
00:17:54.540So it's one of those things you never hear what the dynamic scoring actually brings to the table until it actually happens.
00:19:00.080I just wish the headlines were more honest about it and there is a place you could go.
00:19:04.440The range of people that follow the Future Looks Bright, it's absolutely amazing.
00:19:09.060Seeing people in airports wearing Angry Patriot gear, Future Looks Bright gear all over the place, exciting times.
00:19:15.920And it's 4th of July and we love America and we love freedom.
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00:19:27.140This is why we don't take sponsorship money.
00:19:29.700We do it through the businesses that we run.
00:19:31.560And by the way, we are shameless capitalists.