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Senator Ron Johnson

👤 Person
254 total appearances

Appearances Over Time

Podcast Appearances

All-In with Chamath, Jason, Sacks & Friedberg
Senator Ron Johnson on the Senate showdown over Trump's Big Beautiful Bill | All-In Interview

That's why I try and simplify things, okay? I'm focusing on spending. We went from 4.4 to it'll be 7.3 next year. Let's bring it down to a reasonable pre-pandemic level 6.5. Spending, spending, spending. I voted for President Trump because I wanted him to defeat the deep state. You don't defeat the deep state by continuing to fund it at Biden's levels.

All-In with Chamath, Jason, Sacks & Friedberg
Senator Ron Johnson on the Senate showdown over Trump's Big Beautiful Bill | All-In Interview

That's why I try and simplify things, okay? I'm focusing on spending. We went from 4.4 to it'll be 7.3 next year. Let's bring it down to a reasonable pre-pandemic level 6.5. Spending, spending, spending. I voted for President Trump because I wanted him to defeat the deep state. You don't defeat the deep state by continuing to fund it at Biden's levels.

All-In with Chamath, Jason, Sacks & Friedberg
Senator Ron Johnson on the Senate showdown over Trump's Big Beautiful Bill | All-In Interview

So the minute you start bringing in revenue, nobody can project that. Nobody knows exactly what the impact is going to be. So that starts muddying the waters. So I focus on spending. I don't really want to fund the deep state. OK, I would like to bring certainty to the economy. I'd like the trade wars to end so we can bring that level of stability. I don't want to increase taxes.

All-In with Chamath, Jason, Sacks & Friedberg
Senator Ron Johnson on the Senate showdown over Trump's Big Beautiful Bill | All-In Interview

So the minute you start bringing in revenue, nobody can project that. Nobody knows exactly what the impact is going to be. So that starts muddying the waters. So I focus on spending. I don't really want to fund the deep state. OK, I would like to bring certainty to the economy. I'd like the trade wars to end so we can bring that level of stability. I don't want to increase taxes.

All-In with Chamath, Jason, Sacks & Friedberg
Senator Ron Johnson on the Senate showdown over Trump's Big Beautiful Bill | All-In Interview

So, again, my approach would be multiple step border defense, bank the savings, take whatever good work the House did, bank that. Extend current tax law as often, as complex as it is, just extend that. Increase the debt ceiling for a year to put pressure on us to come back and do the work on the spending. And then we can bring up President Trump's taxes as well.

All-In with Chamath, Jason, Sacks & Friedberg
Senator Ron Johnson on the Senate showdown over Trump's Big Beautiful Bill | All-In Interview

So, again, my approach would be multiple step border defense, bank the savings, take whatever good work the House did, bank that. Extend current tax law as often, as complex as it is, just extend that. Increase the debt ceiling for a year to put pressure on us to come back and do the work on the spending. And then we can bring up President Trump's taxes as well.

All-In with Chamath, Jason, Sacks & Friedberg
Senator Ron Johnson on the Senate showdown over Trump's Big Beautiful Bill | All-In Interview

I mean, I would keep this as simple as possible, get it passed, and start doing the work. That would be my approach.

All-In with Chamath, Jason, Sacks & Friedberg
Senator Ron Johnson on the Senate showdown over Trump's Big Beautiful Bill | All-In Interview

I mean, I would keep this as simple as possible, get it passed, and start doing the work. That would be my approach.

All-In with Chamath, Jason, Sacks & Friedberg
Senator Ron Johnson on the Senate showdown over Trump's Big Beautiful Bill | All-In Interview

I would say the only reason I'm not in a full-fledged panic is because people like Art Laffer do point out we have vast wealth. I mean, so our debt to GDP ratio is probably not the most relevant. It is relevant for inflation, that type of thing. But debt to total assets is probably the more relevant. So we literally can't afford this level of debt.

All-In with Chamath, Jason, Sacks & Friedberg
Senator Ron Johnson on the Senate showdown over Trump's Big Beautiful Bill | All-In Interview

I would say the only reason I'm not in a full-fledged panic is because people like Art Laffer do point out we have vast wealth. I mean, so our debt to GDP ratio is probably not the most relevant. It is relevant for inflation, that type of thing. But debt to total assets is probably the more relevant. So we literally can't afford this level of debt.

All-In with Chamath, Jason, Sacks & Friedberg
Senator Ron Johnson on the Senate showdown over Trump's Big Beautiful Bill | All-In Interview

But you do have to compare it to income as well and our ability to service the debt and the debt spiral. So again, this all ends up being a lot of different – factors coming into what's going to make it possible for people to live. And again, inflation is probably the one metric that we need to avoid. And I think that's the thing that I'm most concerned about in terms of deficit spending.

All-In with Chamath, Jason, Sacks & Friedberg
Senator Ron Johnson on the Senate showdown over Trump's Big Beautiful Bill | All-In Interview

But you do have to compare it to income as well and our ability to service the debt and the debt spiral. So again, this all ends up being a lot of different – factors coming into what's going to make it possible for people to live. And again, inflation is probably the one metric that we need to avoid. And I think that's the thing that I'm most concerned about in terms of deficit spending.

All-In with Chamath, Jason, Sacks & Friedberg
Senator Ron Johnson on the Senate showdown over Trump's Big Beautiful Bill | All-In Interview

I'm not concerned about America going bankrupt because we have this vast wealth. I'm concerned about us being insolvent in sparking massive inflation and just wiping out people's savings, making it very impossible for them to live and retire.

All-In with Chamath, Jason, Sacks & Friedberg
Senator Ron Johnson on the Senate showdown over Trump's Big Beautiful Bill | All-In Interview

I'm not concerned about America going bankrupt because we have this vast wealth. I'm concerned about us being insolvent in sparking massive inflation and just wiping out people's savings, making it very impossible for them to live and retire.

All-In with Chamath, Jason, Sacks & Friedberg
Senator Ron Johnson on the Senate showdown over Trump's Big Beautiful Bill | All-In Interview

Well, I'm highly concerned about just the conservative movement. I think Trump is a completely unique political figure. I think he definitely did drive turnout. He's expanded, you know, certainly our base, which, by the way, is one of the reasons I am sympathetic to what you're talking about in terms of the tax cuts he's proposed.

All-In with Chamath, Jason, Sacks & Friedberg
Senator Ron Johnson on the Senate showdown over Trump's Big Beautiful Bill | All-In Interview

Well, I'm highly concerned about just the conservative movement. I think Trump is a completely unique political figure. I think he definitely did drive turnout. He's expanded, you know, certainly our base, which, by the way, is one of the reasons I am sympathetic to what you're talking about in terms of the tax cuts he's proposed.

All-In with Chamath, Jason, Sacks & Friedberg
Senator Ron Johnson on the Senate showdown over Trump's Big Beautiful Bill | All-In Interview

I mean, we need to focus on the working men and women of this country. It's really the Trump coalition. But I'm concerned about how effective Democrats are. The coalition they have made up of the media, primarily social media companies, that type of thing. Their relentlessness of letting all these undocumented people in this country who are voting.

All-In with Chamath, Jason, Sacks & Friedberg
Senator Ron Johnson on the Senate showdown over Trump's Big Beautiful Bill | All-In Interview

I mean, we need to focus on the working men and women of this country. It's really the Trump coalition. But I'm concerned about how effective Democrats are. The coalition they have made up of the media, primarily social media companies, that type of thing. Their relentlessness of letting all these undocumented people in this country who are voting.

All-In with Chamath, Jason, Sacks & Friedberg
Senator Ron Johnson on the Senate showdown over Trump's Big Beautiful Bill | All-In Interview

I mean, we're starting to see that type of fraud that are. You know, they are trying to cheat. I think they do cheat in voting. I think we don't have a real feeling in terms of how, you know, the order of magnitude of their cheating. But a quick example of, you know, we had that important Supreme Court race here. Elon Musk came in here, did some pretty innovative things, spent a lot of money here.

All-In with Chamath, Jason, Sacks & Friedberg
Senator Ron Johnson on the Senate showdown over Trump's Big Beautiful Bill | All-In Interview

I mean, we're starting to see that type of fraud that are. You know, they are trying to cheat. I think they do cheat in voting. I think we don't have a real feeling in terms of how, you know, the order of magnitude of their cheating. But a quick example of, you know, we had that important Supreme Court race here. Elon Musk came in here, did some pretty innovative things, spent a lot of money here.