Charlie Kirk
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It is a reconciliation bill, which means you have to reconcile two different budgetary years together, combine them, and you can add some spending and cut some spending, but it must pass what is called the Byrd Rule in the Senate, and it must be budgetary-related. Now, what is Elon getting at here is something that I think that is important, though.
And we have Senator Ron Johnson that will be joining us in the segment after this, who I think is articulating a lot of these views. I don't necessarily share them to the same extent because I am still a big proponent of this bill, largely because of the immigration wins and because of the no tax on tips and the tax cut stuff. But we are fiscal hawks on this show.
And we have Senator Ron Johnson that will be joining us in the segment after this, who I think is articulating a lot of these views. I don't necessarily share them to the same extent because I am still a big proponent of this bill, largely because of the immigration wins and because of the no tax on tips and the tax cut stuff. But we are fiscal hawks on this show.
We believe that if you do not balance our budget, we are careening towards a fiscal apocalypse. Overnight, Elon also tweeted this. He said, quote, interest payments already consume 25% of all government revenue.
We believe that if you do not balance our budget, we are careening towards a fiscal apocalypse. Overnight, Elon also tweeted this. He said, quote, interest payments already consume 25% of all government revenue.
Now, as a pause and as a side note, I literally got my start as an advocate and as an activist back in 2011 and 2012 when I was in high school in the suburbs of Chicago talking about the ballooning national debt. If we as conservatives are serious, we must be fiscal hawks. It is generational theft. It is the slavery of the free.
Now, as a pause and as a side note, I literally got my start as an advocate and as an activist back in 2011 and 2012 when I was in high school in the suburbs of Chicago talking about the ballooning national debt. If we as conservatives are serious, we must be fiscal hawks. It is generational theft. It is the slavery of the free.
It is by far one of the greatest, if not the greatest, national security threats. We should go back to baseline budgeting. We should go back to zero-based budgeting. We have been saying this for the last 13 years. When I started Turning Point USA, the national debt was hovering around $8 to $9 trillion.
It is by far one of the greatest, if not the greatest, national security threats. We should go back to baseline budgeting. We should go back to zero-based budgeting. We have been saying this for the last 13 years. When I started Turning Point USA, the national debt was hovering around $8 to $9 trillion.
When I first started debt advocacy in sophomore or junior high school, and then when I graduated high school, I think it was around $13 trillion. I'm approximating these numbers. And now it's upwards of $35 trillion, a nearly triple increase of our national debt. Now, our response to COVID didn't help, and it was completely unnecessary.
When I first started debt advocacy in sophomore or junior high school, and then when I graduated high school, I think it was around $13 trillion. I'm approximating these numbers. And now it's upwards of $35 trillion, a nearly triple increase of our national debt. Now, our response to COVID didn't help, and it was completely unnecessary.
One of the reasons why is because we started to engage in a decades-long cheap money cycle. No one wanted to cut spending. The stock market keep coming up. We keep on inflating our currency and deteriorating our purchasing power. Nobody wanted to have the tough conversation about cutting spending. So from Elon's perspective, again, his language is what his language is. He'll have to defend this.
One of the reasons why is because we started to engage in a decades-long cheap money cycle. No one wanted to cut spending. The stock market keep coming up. We keep on inflating our currency and deteriorating our purchasing power. Nobody wanted to have the tough conversation about cutting spending. So from Elon's perspective, again, his language is what his language is. He'll have to defend this.
is that Elon got into this political game for a couple reasons. One of which is he is intensely focused on balancing the budget. He is, you cannot get him off of this topic.
is that Elon got into this political game for a couple reasons. One of which is he is intensely focused on balancing the budget. He is, you cannot get him off of this topic.
When I've talked to him privately, when I've had dinner with him, when I've had lunch with him, when we text, the number one concern that Elon Musk has is we are going to be a nation in bankruptcy if we do not have severe and dramatic cuts.
When I've talked to him privately, when I've had dinner with him, when I've had lunch with him, when we text, the number one concern that Elon Musk has is we are going to be a nation in bankruptcy if we do not have severe and dramatic cuts.
Now, one thing Elon Musk also simultaneously understand, and I would tell him if he was sitting right here, is unfortunately we have a bunch of moderate Republicans in the House of Representatives and a three-seat majority that have no stomach, no concern, they have no interest whatsoever in cutting spending. None. They do not want to cut spending at all.
Now, one thing Elon Musk also simultaneously understand, and I would tell him if he was sitting right here, is unfortunately we have a bunch of moderate Republicans in the House of Representatives and a three-seat majority that have no stomach, no concern, they have no interest whatsoever in cutting spending. None. They do not want to cut spending at all.
They'll do a little bit on the edges, but even getting them to do the appropriate Medicaid cuts or the SNAP stuff, So, for example, the Big Beautiful Bill does cut about $1.5 trillion in spending over the next decade. So that's $150 billion a year. It proposes $600 billion in Medicaid cuts, about $290 billion in SNAP, which is food stamps. This is all over 10 years, though.