Sen. Ron Johnson
👤 PersonAppearances Over Time
Podcast Appearances
So, again, total discretionary spending is about $1.7 trillion. But they've literally slid about a trillion dollars now ongoing of other mandatory or what should be discretionary into what they call now other mandatory spending. A trillion dollars. And I don't think anybody was really aware of that either.
So, again, total discretionary spending is about $1.7 trillion. But they've literally slid about a trillion dollars now ongoing of other mandatory or what should be discretionary into what they call now other mandatory spending. A trillion dollars. And I don't think anybody was really aware of that either.
Yes. This year, we will spend over $7 trillion. So I remember somewhere around during the Obama administration, about when I got elected, 2010, 2011, we had our first trillion dollar a year deficit in 2009. You know, I think it was 1.4 trillion. And we stopped talking about hundreds of billions, which used to move the needle to now trillions.
Yes. This year, we will spend over $7 trillion. So I remember somewhere around during the Obama administration, about when I got elected, 2010, 2011, we had our first trillion dollar a year deficit in 2009. You know, I think it was 1.4 trillion. And we stopped talking about hundreds of billions, which used to move the needle to now trillions.
Yes. This year, we will spend over $7 trillion. So I remember somewhere around during the Obama administration, about when I got elected, 2010, 2011, we had our first trillion dollar a year deficit in 2009. You know, I think it was 1.4 trillion. And we stopped talking about hundreds of billions, which used to move the needle to now trillions.
You know, 1, 2, 3, 4, 5, 6, 7, it just doesn't seem that much. Yeah. $4,400 billion spent in 2019, $7,000 billion spent this year, projected to spend $7,300 billion next year. And now let's kind of bring this back to the debate that we're talking about on the one big beautiful bill.
You know, 1, 2, 3, 4, 5, 6, 7, it just doesn't seem that much. Yeah. $4,400 billion spent in 2019, $7,000 billion spent this year, projected to spend $7,300 billion next year. And now let's kind of bring this back to the debate that we're talking about on the one big beautiful bill.
You know, 1, 2, 3, 4, 5, 6, 7, it just doesn't seem that much. Yeah. $4,400 billion spent in 2019, $7,000 billion spent this year, projected to spend $7,300 billion next year. And now let's kind of bring this back to the debate that we're talking about on the one big beautiful bill.
So federal revenue will be, according to CBO, 18.1, even though it's about 17.1. But they're projecting that we're going to have an automatic tax increase next year. So they bumped that to 18.1. And federal spending is going to be about 23.4, 23.5%. So that deficit spending, where does that money come from? We borrow it or we print it. By the way, put this in even better historical context.
So federal revenue will be, according to CBO, 18.1, even though it's about 17.1. But they're projecting that we're going to have an automatic tax increase next year. So they bumped that to 18.1. And federal spending is going to be about 23.4, 23.5%. So that deficit spending, where does that money come from? We borrow it or we print it. By the way, put this in even better historical context.
So federal revenue will be, according to CBO, 18.1, even though it's about 17.1. But they're projecting that we're going to have an automatic tax increase next year. So they bumped that to 18.1. And federal spending is going to be about 23.4, 23.5%. So that deficit spending, where does that money come from? We borrow it or we print it. By the way, put this in even better historical context.
In 1930, less than 100 years ago, the federal government spent 3.1% of our GDP. State and local governments back then spent 9.1%. So that was pretty much the vision of our founding fathers, a limited federal government
In 1930, less than 100 years ago, the federal government spent 3.1% of our GDP. State and local governments back then spent 9.1%. So that was pretty much the vision of our founding fathers, a limited federal government
In 1930, less than 100 years ago, the federal government spent 3.1% of our GDP. State and local governments back then spent 9.1%. So that was pretty much the vision of our founding fathers, a limited federal government
within the constraints of the enumerated powers, and most governing at the point of the states, state and local governments, where it's more accountable, more efficient, more effective. We've blown that up. Now the federal government's spending close to 24%. State and local governments are over 16%. So now total government spending is about 40%.
within the constraints of the enumerated powers, and most governing at the point of the states, state and local governments, where it's more accountable, more efficient, more effective. We've blown that up. Now the federal government's spending close to 24%. State and local governments are over 16%. So now total government spending is about 40%.
within the constraints of the enumerated powers, and most governing at the point of the states, state and local governments, where it's more accountable, more efficient, more effective. We've blown that up. Now the federal government's spending close to 24%. State and local governments are over 16%. So now total government spending is about 40%.
It's three times what it was back less than 100 years ago. And I would argue, as government grows, our freedoms necessarily recede. Of course. Because government has more claim on your income, or they borrow money, which causes inflation, which is a silent tax.
It's three times what it was back less than 100 years ago. And I would argue, as government grows, our freedoms necessarily recede. Of course. Because government has more claim on your income, or they borrow money, which causes inflation, which is a silent tax.
It's three times what it was back less than 100 years ago. And I would argue, as government grows, our freedoms necessarily recede. Of course. Because government has more claim on your income, or they borrow money, which causes inflation, which is a silent tax.