Sen. Ron Johnson

We're spending $7,000 billion, $7 trillion. And CBO projects... Over the next 10 years, we will add another $22 trillion to the debt. That's what our projected deficits over the next 10 years is, $22 trillion. Again, that's assuming about a $4 trillion increase because taxes are scheduled to automatically increase.

If those taxes don't increase, first of all, I'm not sure you get the full $4 trillion. But again, take $4 trillion away if we extend current tax law, which is I'm in favor of that. I don't want to increase anybody's taxes. But I don't think this is necessarily time to do additional tax cuts, particularly when those things aren't focused toward economic growth. But anyway, just real quick.

If those taxes don't increase, first of all, I'm not sure you get the full $4 trillion. But again, take $4 trillion away if we extend current tax law, which is I'm in favor of that. I don't want to increase anybody's taxes. But I don't think this is necessarily time to do additional tax cuts, particularly when those things aren't focused toward economic growth. But anyway, just real quick.

If those taxes don't increase, first of all, I'm not sure you get the full $4 trillion. But again, take $4 trillion away if we extend current tax law, which is I'm in favor of that. I don't want to increase anybody's taxes. But I don't think this is necessarily time to do additional tax cuts, particularly when those things aren't focused toward economic growth. But anyway, just real quick.

We are projecting deficits for the next 10 years of a minimum of $2.2 trillion. And I would argue that is a rosy scenario. And particularly when you take a look at what they've done with the one big, beautiful bill, they're not seriously reducing spending to what I've been calling for as a pre-pandemic level. Again, the danger is spouting out too many numbers here.

We are projecting deficits for the next 10 years of a minimum of $2.2 trillion. And I would argue that is a rosy scenario. And particularly when you take a look at what they've done with the one big, beautiful bill, they're not seriously reducing spending to what I've been calling for as a pre-pandemic level. Again, the danger is spouting out too many numbers here.

We are projecting deficits for the next 10 years of a minimum of $2.2 trillion. And I would argue that is a rosy scenario. And particularly when you take a look at what they've done with the one big, beautiful bill, they're not seriously reducing spending to what I've been calling for as a pre-pandemic level. Again, the danger is spouting out too many numbers here.

I just want to put this in perspective. President Obama, over the course of his eight years, his average deficit was $910 billion. Over the last, and I want to quickly do this so I'm accurate, over the last four years of his administration, it was about $550 billion, okay? So half a trillion dollar deficit over his last four years. President Trump came into office in his first three years

I just want to put this in perspective. President Obama, over the course of his eight years, his average deficit was $910 billion. Over the last, and I want to quickly do this so I'm accurate, over the last four years of his administration, it was about $550 billion, okay? So half a trillion dollar deficit over his last four years. President Trump came into office in his first three years

I just want to put this in perspective. President Obama, over the course of his eight years, his average deficit was $910 billion. Over the last, and I want to quickly do this so I'm accurate, over the last four years of his administration, it was about $550 billion, okay? So half a trillion dollar deficit over his last four years. President Trump came into office in his first three years

the average deficit was about $800 billion. So he bumped up Obama's four-year average from 550 to 800. Then COVID hit, and we had a deficit of $3.1 trillion just that one year. Now, what we should have done— In 2021, when Biden came into office, we should have returned to a reasonable pre-pandemic level. The pandemic was over.

the average deficit was about $800 billion. So he bumped up Obama's four-year average from 550 to 800. Then COVID hit, and we had a deficit of $3.1 trillion just that one year. Now, what we should have done— In 2021, when Biden came into office, we should have returned to a reasonable pre-pandemic level. The pandemic was over.

the average deficit was about $800 billion. So he bumped up Obama's four-year average from 550 to 800. Then COVID hit, and we had a deficit of $3.1 trillion just that one year. Now, what we should have done— In 2021, when Biden came into office, we should have returned to a reasonable pre-pandemic level. The pandemic was over.

We didn't have to keep, you know, we had unemployment spike up to, I think, 25 million people. Normal unemployment somewhere between five and six. But within a few months, it was around 11 and then returned to pretty much normal early in 2021. We didn't have to keep stimulating the economy. But Biden did. Biden averaged $1.9 trillion per year in deficit.

We didn't have to keep, you know, we had unemployment spike up to, I think, 25 million people. Normal unemployment somewhere between five and six. But within a few months, it was around 11 and then returned to pretty much normal early in 2021. We didn't have to keep stimulating the economy. But Biden did. Biden averaged $1.9 trillion per year in deficit.

We didn't have to keep, you know, we had unemployment spike up to, I think, 25 million people. Normal unemployment somewhere between five and six. But within a few months, it was around 11 and then returned to pretty much normal early in 2021. We didn't have to keep stimulating the economy. But Biden did. Biden averaged $1.9 trillion per year in deficit.

So Obama, when he left, his last four years, 550. Trump, before the pandemic, a little more than 800 billion per year. Biden in his four years went up to 1.9 trillion. And now CBO is projecting, and again, a rosy scenario that we'll be averaging $2.2 trillion over the next 10 years. So we'll take our debt from $37 trillion up to 59 trillion and

So Obama, when he left, his last four years, 550. Trump, before the pandemic, a little more than 800 billion per year. Biden in his four years went up to 1.9 trillion. And now CBO is projecting, and again, a rosy scenario that we'll be averaging $2.2 trillion over the next 10 years. So we'll take our debt from $37 trillion up to 59 trillion and

So Obama, when he left, his last four years, 550. Trump, before the pandemic, a little more than 800 billion per year. Biden in his four years went up to 1.9 trillion. And now CBO is projecting, and again, a rosy scenario that we'll be averaging $2.2 trillion over the next 10 years. So we'll take our debt from $37 trillion up to 59 trillion and

If we extend the current tax law, take away $4 trillion in revenue, roughly, add another $4 trillion. The spending cuts they're talking about, they're paltry. $1.5 trillion, some of those are fake. Some of those are extended way out. They're offset by 10 years. How far out? 10 years. Yeah. I mean, we'll spend the money up front for the border, for defense.