Sen. Ron Johnson

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.

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.

So that also takes away from that $1.5 trillion in spending. So at most, we're maybe cutting spending $1.2 trillion. Part of that, a few hundred billion, I think, is student loan forgiveness, which the Supreme Court will probably rule unconstitutional. We're not going to spend it anyway, but they count that as savings.

So that also takes away from that $1.5 trillion in spending. So at most, we're maybe cutting spending $1.2 trillion. Part of that, a few hundred billion, I think, is student loan forgiveness, which the Supreme Court will probably rule unconstitutional. We're not going to spend it anyway, but they count that as savings.

So that also takes away from that $1.5 trillion in spending. So at most, we're maybe cutting spending $1.2 trillion. Part of that, a few hundred billion, I think, is student loan forgiveness, which the Supreme Court will probably rule unconstitutional. We're not going to spend it anyway, but they count that as savings.

So much of the savings they're talking about in the one big beautiful bill is phony. It's fake. Or it's in the out years where if Republicans lose power, Democrats will just restore it. But no matter how you slice it, from my standpoint, CBO's $22 trillion of 10-year deficit is a rosy scenario. It'll probably be more than that.

So much of the savings they're talking about in the one big beautiful bill is phony. It's fake. Or it's in the out years where if Republicans lose power, Democrats will just restore it. But no matter how you slice it, from my standpoint, CBO's $22 trillion of 10-year deficit is a rosy scenario. It'll probably be more than that.

So much of the savings they're talking about in the one big beautiful bill is phony. It's fake. Or it's in the out years where if Republicans lose power, Democrats will just restore it. But no matter how you slice it, from my standpoint, CBO's $22 trillion of 10-year deficit is a rosy scenario. It'll probably be more than that.

And what happens then is what's happening right now in the bond market. Interest rates are creeping up. You can't control that. If global creditors look at the United States as uncreditworthy, Our 50-year average interest payment that we've paid on our debt is over 5%. So I think it's as high as 5.8. It's not the most exact figure. But right now we're borrowing probably about 3.3%.

And what happens then is what's happening right now in the bond market. Interest rates are creeping up. You can't control that. If global creditors look at the United States as uncreditworthy, Our 50-year average interest payment that we've paid on our debt is over 5%. So I think it's as high as 5.8. It's not the most exact figure. But right now we're borrowing probably about 3.3%.

And what happens then is what's happening right now in the bond market. Interest rates are creeping up. You can't control that. If global creditors look at the United States as uncreditworthy, Our 50-year average interest payment that we've paid on our debt is over 5%. So I think it's as high as 5.8. It's not the most exact figure. But right now we're borrowing probably about 3.3%.

That's been the average over the last 25 years, 3.3%. And that's kind of where we're at right now. If we increased that interest, if that interest expense increases to, or rate increases to 4.3%, add another $4 trillion in deficit spending. If it goes up to the 50-year average of 5.3, add about $8 or $9 trillion to the $22 trillion.

That's been the average over the last 25 years, 3.3%. And that's kind of where we're at right now. If we increased that interest, if that interest expense increases to, or rate increases to 4.3%, add another $4 trillion in deficit spending. If it goes up to the 50-year average of 5.3, add about $8 or $9 trillion to the $22 trillion.

That's been the average over the last 25 years, 3.3%. And that's kind of where we're at right now. If we increased that interest, if that interest expense increases to, or rate increases to 4.3%, add another $4 trillion in deficit spending. If it goes up to the 50-year average of 5.3, add about $8 or $9 trillion to the $22 trillion.

So again, you go $22 trillion plus extending current tax law, add another close to $4 trillion. If interest rates start creeping up, and they are, just one percentage point, add another $4 trillion. So you can see very quickly, you go from $22 to $26 trillion. to $30 trillion to add down to $37 trillion. We're up to $67 trillion in debt. I don't think we'd ever hit that.

So again, you go $22 trillion plus extending current tax law, add another close to $4 trillion. If interest rates start creeping up, and they are, just one percentage point, add another $4 trillion. So you can see very quickly, you go from $22 to $26 trillion. to $30 trillion to add down to $37 trillion. We're up to $67 trillion in debt. I don't think we'd ever hit that.

So again, you go $22 trillion plus extending current tax law, add another close to $4 trillion. If interest rates start creeping up, and they are, just one percentage point, add another $4 trillion. So you can see very quickly, you go from $22 to $26 trillion. to $30 trillion to add down to $37 trillion. We're up to $67 trillion in debt. I don't think we'd ever hit that.

I think something's going to happen. We'll have a debt crisis. We'll have failure in our bond auctions, spiking interest rates even more. And again, we're spending more on interest this year than we spend on defense.

I think something's going to happen. We'll have a debt crisis. We'll have failure in our bond auctions, spiking interest rates even more. And again, we're spending more on interest this year than we spend on defense.

I think something's going to happen. We'll have a debt crisis. We'll have failure in our bond auctions, spiking interest rates even more. And again, we're spending more on interest this year than we spend on defense.