Senator Eric Schmitt
speaker
478 appearances
21 recordings
1 series
first heard Dec 2024
last heard Jun 2025
Senator Eric Schmitt’s voice in public audio — every appearance, attributed to the second.
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um and we we maintain the 17.1 percent uh revenues percent of gdp over 10 years that only gains us a half trillion dollars so we're not making it up okay so there's all kinds of risk i think unfortunately that's probably a rosy scenario and 1.5 trillion spread out over 10 years 150 billion dollars uh add to that you know more than 300 billion dollars of new spending on defense and and border
That's not even a 1.3% cut over the 10-year period. It's a rounding error. It's just not meeting the moment. They've done some good work, but it's not serious effort.
Well, first of all, I know we're not going to meet the moment with one bill. We won't. The House didn't do it. We won't if we quick rush this thing through. So we've got to split this up, focus on the areas of agreement, border defense, take the spending reductions the House has given us that they've agreed to, extend current tax law, take the automatic tax increase off the table.
That was a blunder in the Tax Cut and Jobs Act. We should have scored that in current policy. We weren't smart enough to do that. Increase the debt ceiling for about a year. Keep the pressure on. I've got to convince President Trump that is to his advantage. He wants to balance the budget. That's what he said. Well, we're not even coming close to putting ourselves on a path to balance the budget.
He needs that leverage as well. We'll never default on the debt, ever. We've got more than enough revenue to service our debt. We will increase the debt ceiling, but we ought to do it in increments to keep the pressure on. So this has got to be at least a two-part process. fiscal year 2025 reconciliation process, do that now.
Again, we skinny this thing down, focus on the areas of agreement that we can do by July 4th, then start doing the work. And Charlie, the problem we're having is the same old way. Give me three things that'll solve the problem. Three things won't.
three you've got to literally go through thousands of lines of budgets you got to go through thousands of of programs do the forensic audit like doge did and expose it get the american people on your side take the time to do the work but also to win public support for what you're doing rather than jam something through not have a good response when the democrats falsely attack it again we're just we're blowing this we're blowing it we didn't take the time we're not making the arguments it's it's i'm sorry it's a slogan
It's a slogan. We need substance. We're only going to solve this with substance, with facts and with figures. And so far, the discussion has been largely void of facts and figures. I'm forcing facts and figures to the forefront here.
No, we've got budget reconciliation for fiscal year 2026. We should already have a fiscal 2026 budget on the table. We could already be in that reconciliation process. We're still working off of fiscal year 2025. So, no, each budget reconciliation can literally have three bills, one for spending, one for revenue, one for the debt ceiling.
You're saying not in this land of, I love Steven Miller. He's simply wrong on this one. He's simply wrong. Yeah. I don't know nearly enough. No.
Take care. Bye.
The Charlie Kirk Show · The Bill May Be Big and Beautiful, But Is It Passable? · 28 May 2025
podcast
Charlie, what you've done is incredible here.
I want you to know we are lucky to have Charlie Kirk.
At the moment, no. In fact, there's no chance it could pass the Senate right now. But we do have two legislative chambers. It's passed now. It's coming over to the Senate. The Big, beautiful bill is big. It isn't yet as beautiful as it needs to be, but there's still time to fix it. And the Senate version is going to be more aggressive.
It can, and I think it has to be, or else it's not going to pass. Now, look, the Republicans in the House gave us some good wins. This bill extends the Tax Cuts and Jobs Act to make sure that we don't end up with a $4 trillion tax bomb going off, exploding in front of the American people. It Helps revitalize the military. It funds the completion of the southern border wall.
It helps fund the crackdown on illegal immigration. Those are all great things. We've got to deliver more than that, though. We've increased spending by like 58% just over the last five years, just since the pandemic. So we've got to address the spending crisis to a greater degree than this bill does.
Under this bill, out of the CBO projections, we're still looking at, you know, $2.2 trillion a year on average in deficits over the next 10 years. That's not good enough. We got to get to a point where we can balance during this president's time in office.
I'm making a point not to speak for my colleagues, but I will point out that there are at least a few who have said in its current form it can't pass. We can get there, but it can't pass right now because it doesn't do enough to control spending. I know I've made those points. Rick Scott from Florida has made those points. Ron Johnson from Wisconsin has as well.
Rand Paul has those and other additional concerns with the bill. And I know there are others who have yet to speak as much about it publicly, but who share them.
All right, let's deal with the latter part of the question first. We've got these two legislative chambers. It's passed the House. It moves over to the Senate now. We bring it up. we will undoubtedly insert a lot of amendments into it in what's called a substitute amendment.
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