A Big Beautiful Bill + A Bright Future Ahead
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What is the main focus of the new spending bill?
Hey everybody, it's the Charlie Kirk Show. We're here live from the Bitcoin.com studio. Senator Schmidt joins us for an instant analysis on what is happening with the budget resolution, spending cuts and more. I explain how President Trump could be messing up the tariff issue if he was doing something opposite, which of course he is not. And then Alex Marlow closes us out with an amazing analysis about President Trump's cabinet meeting. Email us as always, freedom at charliekirk.com. Get involved with Turning Point USA at tpusa.com. That is tpusa.com. Get involved. Become a member today. Members.charliekirk.com. That is members.charliekirk.com. Buckle up, everybody. Here we go. Charlie, what you've done is incredible here.
Maybe Charlie Kirk is on the college campus.
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.
We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country. That's why we are here. Noble Gold Investments is the official gold sponsor of The Charlie Kirk Show, a company that specializes in gold IRAs and physical delivery of precious metals. Learn how you could protect your wealth with Noble Gold Investments at noblegoldinvestments.com. That is noblegoldinvestments.com. It's where I buy all of my gold. Go to noblegoldinvestments.com. Right off the bat here, we have a great man for some instant analysis. Senator Schmidt from the great state of Missouri joins us. Senator Schmidt, great to see you. Yesterday, there was some breaking news. The House passed the budget resolution. What is that? And within the budget resolution, were there details of no tax on tips, no tax on overtime, or was that just the precursor to be able to now get into those negotiations? Senator, please explain.
Yeah, great to be with you, Charlie. Yeah, exactly, the latter. So basically, the budget resolution sets the framework by which now we move into the reconciliation process, right? So it unlocks the process for the committees to go do the work, right? Like ways and means of the Senate Finance Committee to start to put meat on the bones of these ideas that have been talked about. Principally, you know, making the tax cuts from 2017 permanent, extending those, um and then you've got all the other things that no tax on tips you've got money for border security and deportations um because we're going to need help to make sure this mass deportation movement is actually funded uh for defense and then also you know for for permitting reform hopefully on energy and then uh lastly and i think almost most importantly uh some spending reforms we've got to get this thing under control carly i tell people that
Here's what's interesting. In 2019, not 1919, in 2019, we were spending about $4 trillion. We spend $7 trillion after the last four years of the Biden budget and the COVID orgy spending, right? We take in $5 trillion. So if we can actually have some reform, bend that curve, have revenues with all of the good things that are happening with President Trump catch up, it's realistic to think we can have a balanced budget in a few years. But we've got to do that hard work, and we can do that in the reconciliation process too, which only takes a simple majority in the Senate. And I think for the audience, that's the most important thing. If the House can hang together and Senate Republicans can hang together on this, we don't need a single Democrat vote. I wouldn't expect to get one because they're not – rational at this point. So we got to make sure we take care of our own business here.
So, Senator, one question I have, I agree, the amount of money we are borrowing is extraordinary. I mean, it is as if it's when COVID happened, we decided to just put back all of our monetary or fiscal, I And we have decided to basically embrace the cheap money guzzle. However, Senator, there are rumors that we might increase the Department of Defense budget to a trillion dollars.
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