The Dan Bongino Show
Are Trump's Budget Cuts Bills The Best Way To Do It? | Episode 57
Wed, 04 Jun 2025
The first of many rescission packages has found its way to Congress. The debate starts at its efficacy first, and to the chance of it being passed, second. Also in this episode: David Strom, Associate Editor of HotAir, joins to discuss the mental health ratings of conservatives versus liberals and much more. White House Sends Congress $9.4 Billion Rescissions Package https://dailycaller.com/2025/06/03/white-house-sends-congress-rescissions-package-trump-npr-pbs/ Trump's Justice Department examining pardons issued by Biden https://www.reuters.com/world/us/trumps-justice-department-examining-pardons-issued-by-biden-2025-06-02/ Murder Rates Plummet Under President Trump https://www.dailysignal.com/2025/06/03/murder-rates-plummet-under-president-trump/ Learn more about your ad choices. Visit podcastchoices.com/adchoices
Chapter 1: What is the main topic of this episode?
Hey there, welcome to Vince. Good to have you with us today. On a Wednesday, boy, we've got a big, beautiful bill to talk about. We're going to do that today. I want to get into the details of this. People don't appreciate what the hell is in this thing. I'm going to give you some appreciation of it, and by the end of it, you are going to absolutely be rooting on the passage.
of this big, beautiful bill. Hold tight for that. Always appreciate you joining us, LiveRumble.com slash Vince. And on the podcast, wherever you get a podcast, thank you for that. It's a big show. And I've got Hot Air's David Strom also joining us today. Got a lot to talk about with him. Before we get there, gotta thank the sponsors of this great program who make it all possible.
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With an A-plus rating with the Better Business Bureau, thousands of happy customers protect your savings today. Text the word Vince to 989898. Data and message rates apply. All right. So there's a lot of debate going on right now about the big, beautiful bill. And we saw an attack by Elon Musk yesterday against this thing.
Elon Musk comes out and says that this thing is a betrayal and it's loaded up with pork and we can't pass this and shame on anyone who supported it in the first place. And when you get a statement like that from Elon Musk knocking the big, beautiful bill, you take it seriously. And rightfully so. You take it seriously because this is a guy who obviously fought for free speech.
That that's been a core element of Elon Musk's presence and contribution to the country by buying Twitter, turning it into X and making it a free speech platform. Love that. Love that.
He's also a guy that the president brought into the fold as both a donor, a contributor and a guy who helped push President Trump across the finish line, making that election too big to rig and putting his own fortune on the line in order to see that happen. Comes in and then runs the Department of Government Efficiency.
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Chapter 2: What are the details of Trump's rescissions package?
Ladies and gentlemen, I'm telling you, you are looking at a piece of legislation that has within it so many of the priorities that you voted for. It boggles the mind. I know people are reflecting right now on the number of pages in this thing. and saying, oh, there's a lot of pages, and I didn't realize it's such a long bill. Well, yeah, no kidding. The White House, I'm looking at this thing.
What do they got? It delivers the largest tax cut in American history. It makes the Trump tax cuts permanent. It raises Americans' tax take-home pay by as much as $13,300 and wages by as much as $11,600. It reverses the spending curse plaguing D.C. The bill delivers the single largest deficit reduction in 30 years. One point six trillion dollars in cuts over 10 years.
And I got to let me tell you the other side of this. One point six trillion dollars in cuts. The bill's total expenditures. This includes the defense spending, the Golden Dome that President Trump is including, the spending on the border wall, the spending on ice, all of that spending. That's four trillion dollars of spending over 10 years. That's four.
It includes $1.6 trillion in cuts to out-of-control federal spending. Mandatory spending, by the way. That's how reconciliation works. It only tackles mandatory. The Doge cuts can't be a part of this. I don't know how many times I can tell you this. The Doge cuts cannot be a part of this. That is considered discretionary spending.
That's got to be done through the appropriations process or through rescissions, which I've already talked about. And so we're looking at what? 1.6 to 4 trillion. That's a $2.4 trillion gap. $2.4 trillion. And I already told you that the CBO underestimated the effect of tax cuts to the tune of nearly a trillion dollars over 10 years. So I just closed the gap again.
Now we're at $2.6 trillion in deficit reduction. So the gap between 2.6 and four, that's $1.4 trillion. So now we're at something that's a lot more fiscally sensible, if you think about this, just the basic math that's involved here. A lot more fiscally sensible. And is it right to be concerned about the debt? Yeah, definitely. $37 trillion is out of control. It is out of control.
But let me give you an analogy. I want you to think about this. Because this bill needs to be understood as a border security bill in a huge way. You're sitting around the kitchen table. Dad ran up the credit card. He maxed it out. Your family's in a credit crunch right now. You're trying to figure out what are we going to do? Mom and dad are sitting there working through the details.
How are we going to make ends meet? How are we going to get out of this? What tactics do we use? And while you're in the middle of this conversation, people come blasting into your house. They're breaking the windows. They come running through the front door. They're grabbing anything they can inside of the home. They're robbing you. They're attacking you. So what is priority one?
You sit there and you keep yammering on about the debt. Well, how do we solve this little debt crisis? Or do you grab the gun? Do you get the invaders out of your home? The answer to that is get the invaders out. Look, if we don't have borders, we don't have a country. If we don't have sovereignty in our own communities, we don't have a sovereign country. We don't have a nation.
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