0:00 Last month, the big beautiful bill uh
0:03 cleared the house by a single vote. The
0:06 senators now have been meeting for weeks
0:08 behind closed doors. Um they returned to
0:11 Washington late Monday. They revised the
0:14 package. Um Donald Trump just tweeted
0:16 out, "Passing the one big beautiful bill
0:18 is a historic opportunity to turn our
0:20 country around. Uh they need to work as
0:23 fast as they can to get this bill to my
0:25 desk before the 4th of July." Um, then
0:28 you have Elon Musk saying, "The massive,
0:30 outrageous pork- fil congressional
0:32 spending bill is a disgusting
0:34 abomination. Uh, shame on those who
0:36 voted for it. You know, you did wrong.
0:38 You know it." Mike Johnson then says,
0:40 "Well, that was disappointing. With all
0:42 due respect, uh, Elon Musk is my friend
0:46 and he's terribly wrong about the one
0:47 big beautiful bill." My gosh, my head
0:49 hurts from all of this. Now, the White
0:52 House is sending an additional $9
0:54 billion in cuts, which is nice, but uh
0:57 you know, we were hoping for like, you
0:59 know, $1 trillion in cuts, and
1:01 everybody's arguing over $9 billion in
1:04 in uh cuts. How is this thing going to
1:07 even pass? What is happening here? Uh we
1:12 have Chip Roy who is who voted for the
1:14 last one reluctantly. Uh and I don't
1:18 know where he stands now. Chip Roy,
1:20 welcome to the program. How are you,
1:21 Chip? Glenn, how you doing, brother?
1:25 I'm good. I'm good. Uh, must not be fun
1:28 being you right now.
1:31 Well, you know, here's the thing. When
1:33 you have a reputation for trying to do
1:36 the right thing, people do, I think,
1:37 want to come to you to try to figure
1:38 out, all right, like what's the score
1:40 here? What's the real deal? Uh, I'm
1:42 proud that I think people see me as
1:43 someone who tries to be honest and and
1:45 kind of, you know, work through this to
1:47 achieve what you and I, I think, and all
1:48 your listeners want to achieve. We have
1:50 an obligation to get this done, but we
1:53 have to get it done right. Um, you said,
1:55 "Thank you for saying that. I voted for
1:57 it reluctantly cuz I did reluctantly
1:59 vote for it. My messaging at the time
2:01 was reluctant." Right. We have to weigh
2:03 a lot of things right now. We have a
2:05 president who was given a mandate. a
2:07 president that you and I support what
2:09 he's doing, taking on the establishment,
2:11 taking on this town, um, you know,
2:13 rooting out all this DEI and woke
2:15 garbage, you know, pushing the barriers,
2:17 you know, you know, securing the border,
2:18 uh, all the things that we know are
2:20 happening. And we need to do certain
2:23 things in this bill. We do need tax
2:25 relief. We do need to extend the tax
2:27 cuts. We need economic growth by putting
2:29 more mana money in the hands and the
2:31 pockets of Americans. Um, those are all
2:33 important things, but we've got to cut
2:35 spending and the swamp creatures in
2:37 Congress aren't good at that. People
2:39 like me have been beating our head
2:40 against the wall trying to demonstrate,
2:42 hey, here's what we need to do. Here's
2:43 how we need to cut. So, now we got to
2:45 balance this thing. The reason I was
2:48 reluctant is because it does do some
2:50 really good things that we bled and
2:52 fought for for two months, Glenn. I
2:53 mean, the week before last, we were like
2:55 three straight days going down
2:57 negotiating with the White House,
2:58 negotiating with folks, and what we got
3:00 was good. Was it great? No, it was good.
3:04 We got the Inflation Reduction Act,
3:05 Green New Scam. We got a full repeal of
3:08 basically all future projects. But no,
3:11 we don't deal deal with the 400 billion
3:13 of existing projects. We got historic
3:15 Medicaid reductions. Reductions in the
3:18 increases, yes, but a trillion dollars
3:20 worth. That's never been done, Glenn.
3:22 Literally. But is that good enough for
3:24 the moment? Maybe not. I think we needed
3:26 to do better on FMAP and provider taxes
3:28 and all of the things about the
3:29 vulnerable versus the able-bodied. We
3:31 got Medicaid work requirements moved up
3:33 from 29 to 26. We fought like hell to
3:37 make the bill something that I think we
3:39 could be proud of certain elements, but
3:41 Elon's not wrong. Okay, Elon's not wrong
3:45 that for the moment, we need to do
3:47 better. We need more spending restraint.
3:49 We need to meet this moment with the
3:51 actual deficit reduction that is
3:53 necessary. We need to rebuild our
3:56 manufacturing base. And American Giants
3:58 started doing that 14 years ago. They
4:00 make clothing here at home with American
4:02 Cotton, American Hands, and American
4:04 Heart. It's quality you can feel. Go to
4:08 americaniantiant.com/glenn. Get 20% off
4:10 your first purchase. That's
4:13 american-giant.com/glenn. If we get
4:15 economic growth from the taxes, if we
4:17 get economic growth from the regulatory
4:19 policy, if we get economic growth
4:21 because the president is strong and
4:22 leading, then we can get out of this
4:24 mess. But it is that plus spending
4:26 restraint. Last point, I do think it it
4:29 is worth noting that I'm not sure that
4:31 Elon is really excited about the extent
4:34 to which we are killing the subsidies
4:37 across the board. All future subsidies
4:40 for EVs, for solar panels, for the wind
4:43 crap, all future subsidies we are mostly
4:47 killing. There's a few lingering
4:48 projects, but we tightened it down. The
4:49 left is losing their damn mind, Glenn.
4:52 So, there is a little of that that's
4:53 also at play. So, that's a long-winded
4:56 explanation. A lot to do. We're pushing
4:58 the Senate. They need to go further. We
5:00 I think we need to fix some stuff. But I
5:02 can promise you this, Glenn. If this
5:04 bill backslides, if they walk off of
5:07 what we got, which I don't even think is
5:08 necessarily good enough, I can promise
5:11 you I will oppose it in the House. So,
5:13 we'll see what the Senate does.
5:16 Your your speculation on what they're
5:19 going to do, are they making it worse
5:22 right now? Is it getting better?
5:25 I think there are forces at play that
5:27 are desperately trying to undo the
5:30 benefits we got with respect to
5:33 repealing the green new scam subsidies,
5:35 which by the way, the president of the
5:37 United States campaign fully and clearly
5:40 on terminating the Green New Scam
5:42 subsidies. There are forces in the
5:44 Senate who want to undo that. There are
5:46 forces in the House who regret voting
5:48 for those subsidy terminations. Um, I
5:51 think there are forces in the Senate who
5:54 uh are wary of some of our Medicaid
5:57 reforms, which were important on work
5:59 requirements, on eligibility to tighten
6:02 down and make sure that, you know, we're
6:03 trying to make sure the the able-bodied
6:05 aren't getting benefits, etc. Um, I
6:07 don't think it went far enough. So,
6:09 we're going to have to work hard just to
6:11 hold the line at the House bill, which
6:13 Glenn I would say is on the edge of
6:17 whether it's good enough to merit moving
6:19 forward and then hope we get three yards
6:21 in a cloud of dust. I will tell you that
6:23 if we can repeal the IRA subsidies, get
6:25 the Medicaid reforms, constrain the
6:28 spending, and get the economic growth
6:29 and the tax policy that net it is moving
6:32 the ball down the field. That's why I
6:34 held my nose. But if we were a truly
6:37 conservative Congress, we would cut
6:38 more. That's just the truth.
6:42 So I read all kinds of things from the
6:45 banking sector that uh we're talking
6:48 about our treasury bills that we are we
6:51 are so dangerously close. You raise the
6:54 debt ceiling yet again. We are
6:57 dangerously close to the rest of the
6:59 world saying I can't buy their debt
7:01 anymore. I mean, they're not serious
7:02 about anything. Do you believe we're
7:05 that close?
7:08 I think we're in a very Yeah, I believe
7:10 we're on a knife's edge. I think that
7:12 the bond markets are signaling that. I
7:14 think this is why Scott Besson has been
7:16 saying we need to get deficits down as a
7:18 percentage of GDP so we can signal to
7:20 the bond markets what needs to be
7:22 signaled. I think that we have an
7:25 obligation to get this right uh right
7:27 now in order to frankly so why is why
7:30 isn't anybody listening to that? Why
7:32 isn't anybody listening to to to Bessant
7:35 and to the bond market? That that that's
7:37 lights out for America if we don't get
7:39 that right. Yeah. And let me give you
7:42 another scary point, right? If we are
7:45 having to refinance our debts at higher
7:48 interest rates, which currently we would
7:50 be projecting, much higher interest
7:52 rates than the CBO is even projecting.
7:54 Putting aside the CBO, we all recognize
7:55 that they're flawed. Doesn't matter. You
7:57 got to just look at the model that's in
7:58 front of you. The current model projects
8:01 refinancing that debt at three and a
8:02 half%. But what if we have to refinance
8:04 it at the historic levels of four, four
8:06 and a half, 5%.
8:08 Right? We would have massively more
8:10 interest expense. Instead of a trillion,
8:12 it'd be a trillion and a half. Instead
8:14 of a trillion and a half, it' be two
8:15 trillion. We are going to gobble up our
8:18 entire government expenditure with
8:20 interest. I mean, Glenn, it is that bad.
8:23 And here's the problem. Is Congress
8:25 finally waking up to what you and I and
8:28 the Freedom Caucus and conservatives
8:29 have been saying now for a decade plus?
8:32 Yes. They're realizing that we're in a
8:34 real bad spot. So, all that's doing is
8:36 getting them to come to the table to do
8:38 the bare minimum, right? The Medicaid
8:40 reforms, the inflation reduction act
8:43 subsidies, the food stamp reforms, the
8:45 other things we just put in this bill,
8:47 all of which are good, but not as far as
8:50 I would go. And just be clear for your
8:51 listeners. They're finally getting to
8:54 the table to accept that and they're
8:55 getting there too late. So now what I'm
8:58 saying is we need to be doing more.
9:00 Let's talk about the recisions for a
9:01 second. The president is sending up
9:03 recisions and yes, it's just 9 billion.
9:06 The reason it's that small amount and so
9:08 everybody listening out there, why why
9:09 does this matter? The reconciliation
9:11 package can pass the Senate with 51
9:14 votes. The normal appropriations
9:16 process, which we still have to do this
9:18 year, will require 60 votes in the
9:20 Senate. Right? So that means it's going
9:22 to be hard to get through Democrats. So
9:24 this recisions process is a way to try
9:27 to cut some of these ridiculous programs
9:29 like USAD and other things um using a 51
9:34 vote threshold. So that is why we're
9:38 trying to move it that way. The reason
9:40 it's just a smaller $9 billion number is
9:43 it's a test case. Will Congress do its
9:46 job and do this first down payment, a $9
9:50 billion recision of PBS, NPR, and a
9:54 bunch of those USAD foreign uh
9:57 government funding uh foreign aid uh uh
10:00 wasteful program. You have to and now
10:02 we'll see. I'll of course vote for that.
10:03 You know, I will. You don't have to. So,
10:05 but will the moderates? We'll find out.
10:07 If they do, we'll get another recisions
10:09 package sent up right after that. So
10:11 this is all part of the process working
10:13 with Russ vote the OM the president.
10:15 Sorry I don't mean the filibuster but
10:16 that's the that's the update. Jib speak
10:18 about the process a little bit because I
10:20 it's fascinating to watch this bill try
10:22 to make its way through all of this.
10:24 Like for my at least my estimate so far
10:27 or my understanding is there's at least
10:28 two congress congressmen who who one
10:31 congresswoman I suppose who uh already
10:35 have said that their vote was a yes but
10:38 now it would be a no because they didn't
10:40 realize what they were voting for which
10:42 would already put you under the amount
10:44 that you need to get it passed. the the
10:47 salt people in the House are saying if
10:49 you get rid of salt we're done and the
10:51 Senate is saying we're getting rid of
10:52 salt or at least adjusting it. How does
10:55 this thing get across the finish line?
10:57 Well, I mean like everything else you
10:59 got to figure out how you navigate to
11:01 get 218 and to get 51. Um we've managed
11:04 to get it to this far. Uh look, you go
11:06 to war with army you got right. We have
11:08 the Congress that we have. We have the
11:10 president that we have who's trying to
11:12 get this done and we're trying to work
11:13 to do it. I think we're in the zip code,
11:15 but we're not where we need to be. So,
11:17 let's take the things you just you gave
11:18 some examples. Are there things in the
11:20 bill that some of us knew about and were
11:23 warning about that others are now just
11:25 kind of waking up and seeing? Yes.
11:27 Right. At the time, I said, for example,
11:30 there's a car tax in this bill, you
11:32 fools. I don't I don't support it. It
11:35 was a tax to make up for the fact that
11:37 EVs and hybrids can't, you know, pay
11:40 their fair share of the gas tax. They
11:42 needed $40 billion to pay for some Coast
11:45 Guard and other stuff. So, how did they
11:46 pay for it in the committee? What they
11:49 did was they added a car tax for EVs and
11:53 for hybrids. Now, do you think that we
11:55 conservatives of limited government uh
11:57 uh you know, views believe we should
12:00 have a car tax? I sure as hell don't.
12:03 Um, how about the AI restrictions?
12:06 Should we prohibit Florida and should we
12:09 prohibit Texas from being able to have
12:11 some sort of regulation on AI? From a
12:14 federalism standpoint, I'm not sure we
12:15 should. Right? So, there's lots of
12:17 things in this bill that I knew all this
12:19 was telling people about it, but man,
12:21 there's only like 40 fights you can
12:23 pick. My fight was you're going to
12:25 repeal these these damned subsidies uh
12:29 on the inflation reduction act that are
12:30 killing our grid, undermining our
12:32 national security, and destroying
12:33 natural gas and nuclear energy options.
12:37 My fight was trying to get Medicaid held
12:39 down. About 20 other fights, for
12:40 example, the car tax. Scott Perry and I
12:43 and a couple of others, we at least
12:44 killed the tax on the internal
12:46 combustion engines. They weren't going
12:47 to have a car tax on every car in
12:49 America, y'all. So, look, we're fighting
12:52 everything we got coming at us. There
12:53 are things that need to get fixed. To
12:55 answer your question, if they need to
12:58 adjust salt, I might try to call the
13:00 bluff of the guys in the salt caucus and
13:02 say, "Really, you're going to vote this
13:04 down because you didn't get more
13:06 subsidies for your great big blue state
13:07 tax jurisdictions, right?" But if they
13:10 want to try to call our bluff, I can
13:11 tell you if they repeal back the
13:12 inflation reduction acts stuff, which
13:14 the president campaigned on, then that's
13:17 going to be a real problem. So, we will
13:19 see. It is a fine line and I'm trying to
13:22 work with leadership, the White House to
13:25 deliver as close to my values as I can
13:29 and be able to look in the mirror and
13:30 say that I did enough. And I'm not sure,
13:32 gentlemen. I'm I'm always trying to
13:34 shoot straight. We're walking a line. It
13:36 could easily peel off and I can't
13:38 support it. It could move in the right
13:39 direction and I'll support it and say,
13:41 "Let's go fight tomorrow for the next
13:42 thing." I'm trying to work in good faith
13:44 with the president and his team to
13:47 deliver. There's a lot of good things in
13:48 this bill. Let's remember that. A
13:50 trillion dollars of real Medicaid
13:52 reforms. We've never done that before,
13:53 guys. Ever, right? The inflation
13:56 reduction act, Planned Parenthood not
13:58 funded, trans surgeries repealed for
14:00 adults and kids to defund that. The left
14:04 had gone so far, we're peeling a lot of
14:06 that back. So, let's remember the good
14:08 stuff while we're trying to, you know,
14:10 highlight some of our concerns.
14:13 Chip, I you're very reasoned and um I
14:16 really appreciate talking to you and I
14:18 really am so glad that you are
14:19 representing the great state of Texas.
14:21 Um you're a guy that at least I feel I
14:24 can trust. I you know, you say what you
14:26 mean and you mean what you say and that
14:28 is the number one thing I I look for in
14:30 a representative is somebody who will
14:32 say the same thing to me to my face as
14:34 they will behind closed doors. And I I
14:36 really appreciate all your hard work on
14:38 this. Thanks, Chip. Hey, I appreciate
14:40 it, Glenn, and thank you for exposing
14:42 all this to the American people and
14:43 being truthful about it. Like, because
14:44 this is hard for people like us because
14:46 you you want to be with the team to move
14:48 the ball down the field. We want to
14:49 succeed. We want to win, but you also
14:52 don't want to be you don't want to eat a
14:53 crap sandwich. So, I look, I promise
14:55 you, I will level set the good and the
14:57 bad and the ugly, and then you just have
14:59 to decide what's the best for the
15:01 country and vote and move forward. So,
15:03 that's where we are. Next time it starts
15:04 to move forward, you just you call in
15:07 and and you let us know what's in it.
15:08 Okay. Just make sure you get a hold of
15:10 me. As soon as you start to see things
15:11 moving forward, you let us know. Uh
15:13 because I'd appreciate your point of
15:15 view on that. Thanks, Chip.
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