00:22:45.220But when Democrats are in the White House, Republicans, the debt ceiling is the single most effective lever point that has been used against Democrats
00:26:17.460And I consider myself very much a fiscal conservative.
00:26:20.800But 40% of every dollar the federal government spends is borrowed unless you're prepared to slash the federal government budget by 40% tomorrow.
00:26:29.260And by the way, there is literally no serious person on planet Earth who is prepared to do that and is able to do that.
00:26:35.080Even if you would with a magic wand do that, there's no way to make that happen.
00:26:39.460And unless you're prepared to do that, the debt ceiling will have to be raised.
00:26:43.780My position has always been I'm willing to vote to raise the debt ceiling if we are getting concessions that are reining in the out of control spending that's bankrupting our country.
00:26:56.080However, in the House, there are a bunch of Republicans who simply say I will never, ever, ever vote to raise the debt ceiling no matter what.
00:27:12.640Mike Johnson, who's the Speaker of the House.
00:27:15.600There are a bunch of voices on TV, a bunch of voices on talk radio, a bunch of voices on Twitter saying get rid of Mike Johnson, throw him overboard.
00:27:22.880I'm going to tell you something that I believe is an absolute fact.
00:27:27.960Mike Johnson is the single most conservative Speaker of the House that will ever be Speaker of the House in our lifetime.
00:27:34.920He is undoubtedly the most conservative Speaker of the House we have ever had in our lifetime.
00:28:07.540If Mike Johnson is toppled as Speaker of the House, we will end up with a Speaker of the House who is much, much more liberal than Mike Johnson.
00:30:26.900We will get through this one way or another.
00:30:30.120But the fundamental structural dynamics, and it's one of the things, look, going forward into the next year,
00:30:35.500I'm really optimistic about the Trump presidency.
00:30:38.320I'm really optimistic about a Republican Senate in the House.
00:30:41.260But I'll tell you, the Senate's going to be a lot easier.
00:30:44.000We've got 53 Republicans coming in next year.
00:30:46.560By the way, we still have a Democrat Senate today.
00:30:49.040So, I haven't even, this whole discussion has ignored the fact that you've got to get Chuck Schumer and the Democrats to agree with whatever you do, which is even harder.
00:30:55.180But next year, we'll have 53 Republicans in the Senate.
00:30:59.22053 is a big enough majority that we can lose three votes and still get things done.
00:31:03.780So, I think the Senate will be able to pass pretty good legislation.
00:31:07.920Not fantastic, not fantastic, not wonderful, but surprisingly good.
00:31:12.960The House worries me enormously next year because the majority is so excruciatingly small that if you lose a handful of votes, you cannot get to 218.
00:31:26.100And so, I think Mike Johnson is trying to work miracles right now.
00:31:31.700But the single hardest challenge of the next two years in terms of passing good legislation is going to be getting to 218 in the House.
00:31:40.640And I don't know what the answer is to that.
00:31:42.260As always, thank you for listening to Verdict with Senator Ted Cruz, Ben Ferguson with you.
00:31:47.980Don't forget to download my podcast and you can listen to my podcast every other day you're not listening to Verdict or each day when you listen to Verdict afterwards.
00:31:55.000I'd love to have you as a listener to, again, the Ben Ferguson podcast.
00:31:58.740And we will see you back here on Monday morning.