Senator Eric Schmitt
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Podcast Appearances
So my point is that it is possible, but it's not likely. Now, talking about taxes. We're going to send more money to Washington, D.C. by raising taxes? Absolutely not. We have proven we can't spend the dollar wisely. I know you know the scripture better than I do when you start talking about the talons and the servants that got five, four, right?
So my point is that it is possible, but it's not likely. Now, talking about taxes. We're going to send more money to Washington, D.C. by raising taxes? Absolutely not. We have proven we can't spend the dollar wisely. I know you know the scripture better than I do when you start talking about the talons and the servants that got five, four, right?
One guy went and buried it, and one guy spent it wisely. We're the guy that buried it at Washington, D.C., and we're not spending it wisely, and it needs to be given back to the people who will spend it right. We proved underneath President Trump that Reagan economics still work. When President Trump cut taxes, they were talking about this $10 trillion deficit that he was going to add.
One guy went and buried it, and one guy spent it wisely. We're the guy that buried it at Washington, D.C., and we're not spending it wisely, and it needs to be given back to the people who will spend it right. We proved underneath President Trump that Reagan economics still work. When President Trump cut taxes, they were talking about this $10 trillion deficit that he was going to add.
What we saw in the very first year was an actual increase into the Treasury Department. We were actually on the path, if COVID wouldn't have happened, to actually have a balanced budget, which is why President Trump is pushing so hard to have a balanced budget. There is no way underneath the Republican Congress, being in the House and Senate, we're going to raise taxes.
What we saw in the very first year was an actual increase into the Treasury Department. We were actually on the path, if COVID wouldn't have happened, to actually have a balanced budget, which is why President Trump is pushing so hard to have a balanced budget. There is no way underneath the Republican Congress, being in the House and Senate, we're going to raise taxes.
Well, you got to remember, everything's got to go within the bird rule. And it's got to be directly related to something financially because it's reconciliation. So we got to be very careful that we don't blow up the whole bill by trying to put too much stuff into it. We're going to have other opportunities as we move forward because we still have the disaster bill we've got to put into.
Well, you got to remember, everything's got to go within the bird rule. And it's got to be directly related to something financially because it's reconciliation. So we got to be very careful that we don't blow up the whole bill by trying to put too much stuff into it. We're going to have other opportunities as we move forward because we still have the disaster bill we've got to put into.
We've still got to be looking at trying to do immigration reform. There's going to be opportunities for us to do this. And then there's one thing that I have had the privilege of talking with Secretary Burgum about is setting up this true sovereign wealth fund. And this is stuff that can be put in this bill, by the way, but the sovereign wealth fund that goes after the debt.
We've still got to be looking at trying to do immigration reform. There's going to be opportunities for us to do this. And then there's one thing that I have had the privilege of talking with Secretary Burgum about is setting up this true sovereign wealth fund. And this is stuff that can be put in this bill, by the way, but the sovereign wealth fund that goes after the debt.
If we use the resources we have inside the United States, which we have more resources under our feet in the United States than any other country in the world, we just don't utilize it. But we actually set up a sovereign wealth fund like a lot of these Middle East rich countries do.
If we use the resources we have inside the United States, which we have more resources under our feet in the United States than any other country in the world, we just don't utilize it. But we actually set up a sovereign wealth fund like a lot of these Middle East rich countries do.
And instead of us using it as a slush fund, but we use it specifically 100% to pay off the debt, we can see where we could get out of debt in a year and a half's lifetime. Now, it'll still be our kids carrying it, but there's an opportunity for us to get out of debt in our lifetime underneath President Trump setting it up for future congresses if they don't screw it up. But who knows?
And instead of us using it as a slush fund, but we use it specifically 100% to pay off the debt, we can see where we could get out of debt in a year and a half's lifetime. Now, it'll still be our kids carrying it, but there's an opportunity for us to get out of debt in our lifetime underneath President Trump setting it up for future congresses if they don't screw it up. But who knows?
I want you to know we are lucky to have Charlie Kirk. Charlie Kirk's running the White House, folks. I want to thank Charlie. He's an incredible guy. His spirit, his love of this country. He's done an amazing job building one of the most powerful youth organizations ever created, Turning Point USA.
I want you to know we are lucky to have Charlie Kirk. Charlie Kirk's running the White House, folks. I want to thank Charlie. He's an incredible guy. His spirit, his love of this country. He's done an amazing job building one of the most powerful youth organizations ever created, Turning Point USA.
Of course I'm going to respond.
Of course I'm going to respond.