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Is this the REAL reason Elon Musk SLAMMED the “Big, Beautiful Bill?”

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Last month, the big beautiful bill uh

cleared the house by a single vote. The

senators now have been meeting for weeks

behind closed doors. Um they returned to

Washington late Monday. They revised the

package. Um Donald Trump just tweeted

out, "Passing the one big beautiful bill

is a historic opportunity to turn our

country around. Uh they need to work as

fast as they can to get this bill to my

desk before the 4th of July." Um, then

you have Elon Musk saying, "The massive,

outrageous pork- fil congressional

spending bill is a disgusting

abomination. Uh, shame on those who

voted for it. You know, you did wrong.

You know it." Mike Johnson then says,

"Well, that was disappointing. With all

due respect, uh, Elon Musk is my friend

and he's terribly wrong about the one

big beautiful bill." My gosh, my head

hurts from all of this. Now, the White

House is sending an additional $9

billion in cuts, which is nice, but uh

you know, we were hoping for like, you

know, $1 trillion in cuts, and

everybody's arguing over $9 billion in

in uh cuts. How is this thing going to

even pass? What is happening here? Uh we

have Chip Roy who is who voted for the

last one reluctantly. Uh and I don't

know where he stands now. Chip Roy,

welcome to the program. How are you,

Chip? Glenn, how you doing, brother?

I'm good. I'm good. Uh, must not be fun

being you right now.

Well, you know, here's the thing. When

you have a reputation for trying to do

the right thing, people do, I think,

want to come to you to try to figure

out, all right, like what's the score

here? What's the real deal? Uh, I'm

proud that I think people see me as

someone who tries to be honest and and

kind of, you know, work through this to

achieve what you and I, I think, and all

your listeners want to achieve. We have

an obligation to get this done, but we

have to get it done right. Um, you said,

"Thank you for saying that. I voted for

it reluctantly cuz I did reluctantly

vote for it. My messaging at the time

was reluctant." Right. We have to weigh

a lot of things right now. We have a

president who was given a mandate. a

president that you and I support what

he's doing, taking on the establishment,

taking on this town, um, you know,

rooting out all this DEI and woke

garbage, you know, pushing the barriers,

you know, you know, securing the border,

uh, all the things that we know are

happening. And we need to do certain

things in this bill. We do need tax

relief. We do need to extend the tax

cuts. We need economic growth by putting

more mana money in the hands and the

pockets of Americans. Um, those are all

important things, but we've got to cut

spending and the swamp creatures in

Congress aren't good at that. People

like me have been beating our head

against the wall trying to demonstrate,

hey, here's what we need to do. Here's

how we need to cut. So, now we got to

balance this thing. The reason I was

reluctant is because it does do some

really good things that we bled and

fought for for two months, Glenn. I

mean, the week before last, we were like

three straight days going down

negotiating with the White House,

negotiating with folks, and what we got

was good. Was it great? No, it was good.

We got the Inflation Reduction Act,

Green New Scam. We got a full repeal of

basically all future projects. But no,

we don't deal deal with the 400 billion

of existing projects. We got historic

Medicaid reductions. Reductions in the

increases, yes, but a trillion dollars

worth. That's never been done, Glenn.

Literally. But is that good enough for

the moment? Maybe not. I think we needed

to do better on FMAP and provider taxes

and all of the things about the

vulnerable versus the able-bodied. We

got Medicaid work requirements moved up

from 29 to 26. We fought like hell to

make the bill something that I think we

could be proud of certain elements, but

Elon's not wrong. Okay, Elon's not wrong

that for the moment, we need to do

better. We need more spending restraint.

We need to meet this moment with the

actual deficit reduction that is

necessary. We need to rebuild our

manufacturing base. And American Giants

started doing that 14 years ago. They

make clothing here at home with American

Cotton, American Hands, and American

Heart. It's quality you can feel. Go to

americaniantiant.com/glenn. Get 20% off

your first purchase. That's

american-giant.com/glenn. If we get

economic growth from the taxes, if we

get economic growth from the regulatory

policy, if we get economic growth

because the president is strong and

leading, then we can get out of this

mess. But it is that plus spending

restraint. Last point, I do think it it

is worth noting that I'm not sure that

Elon is really excited about the extent

to which we are killing the subsidies

across the board. All future subsidies

for EVs, for solar panels, for the wind

crap, all future subsidies we are mostly

killing. There's a few lingering

projects, but we tightened it down. The

left is losing their damn mind, Glenn.

So, there is a little of that that's

also at play. So, that's a long-winded

explanation. A lot to do. We're pushing

the Senate. They need to go further. We

I think we need to fix some stuff. But I

can promise you this, Glenn. If this

bill backslides, if they walk off of

what we got, which I don't even think is

necessarily good enough, I can promise

you I will oppose it in the House. So,

we'll see what the Senate does.

Your your speculation on what they're

going to do, are they making it worse

right now? Is it getting better?

I think there are forces at play that

are desperately trying to undo the

benefits we got with respect to

repealing the green new scam subsidies,

which by the way, the president of the

United States campaign fully and clearly

on terminating the Green New Scam

subsidies. There are forces in the

Senate who want to undo that. There are

forces in the House who regret voting

for those subsidy terminations. Um, I

think there are forces in the Senate who

uh are wary of some of our Medicaid

reforms, which were important on work

requirements, on eligibility to tighten

down and make sure that, you know, we're

trying to make sure the the able-bodied

aren't getting benefits, etc. Um, I

don't think it went far enough. So,

we're going to have to work hard just to

hold the line at the House bill, which

Glenn I would say is on the edge of

whether it's good enough to merit moving

forward and then hope we get three yards

in a cloud of dust. I will tell you that

if we can repeal the IRA subsidies, get

the Medicaid reforms, constrain the

spending, and get the economic growth

and the tax policy that net it is moving

the ball down the field. That's why I

held my nose. But if we were a truly

conservative Congress, we would cut

more. That's just the truth.

So I read all kinds of things from the

banking sector that uh we're talking

about our treasury bills that we are we

are so dangerously close. You raise the

debt ceiling yet again. We are

dangerously close to the rest of the

world saying I can't buy their debt

anymore. I mean, they're not serious

about anything. Do you believe we're

that close?

I think we're in a very Yeah, I believe

we're on a knife's edge. I think that

the bond markets are signaling that. I

think this is why Scott Besson has been

saying we need to get deficits down as a

percentage of GDP so we can signal to

the bond markets what needs to be

signaled. I think that we have an

obligation to get this right uh right

now in order to frankly so why is why

isn't anybody listening to that? Why

isn't anybody listening to to to Bessant

and to the bond market? That that that's

lights out for America if we don't get

that right. Yeah. And let me give you

another scary point, right? If we are

having to refinance our debts at higher

interest rates, which currently we would

be projecting, much higher interest

rates than the CBO is even projecting.

Putting aside the CBO, we all recognize

that they're flawed. Doesn't matter. You

got to just look at the model that's in

front of you. The current model projects

refinancing that debt at three and a

half%. But what if we have to refinance

it at the historic levels of four, four

and a half, 5%.

Right? We would have massively more

interest expense. Instead of a trillion,

it'd be a trillion and a half. Instead

of a trillion and a half, it' be two

trillion. We are going to gobble up our

entire government expenditure with

interest. I mean, Glenn, it is that bad.

And here's the problem. Is Congress

finally waking up to what you and I and

the Freedom Caucus and conservatives

have been saying now for a decade plus?

Yes. They're realizing that we're in a

real bad spot. So, all that's doing is

getting them to come to the table to do

the bare minimum, right? The Medicaid

reforms, the inflation reduction act

subsidies, the food stamp reforms, the

other things we just put in this bill,

all of which are good, but not as far as

I would go. And just be clear for your

listeners. They're finally getting to

the table to accept that and they're

getting there too late. So now what I'm

saying is we need to be doing more.

Let's talk about the recisions for a

second. The president is sending up

recisions and yes, it's just 9 billion.

The reason it's that small amount and so

everybody listening out there, why why

does this matter? The reconciliation

package can pass the Senate with 51

votes. The normal appropriations

process, which we still have to do this

year, will require 60 votes in the

Senate. Right? So that means it's going

to be hard to get through Democrats. So

this recisions process is a way to try

to cut some of these ridiculous programs

like USAD and other things um using a 51

vote threshold. So that is why we're

trying to move it that way. The reason

it's just a smaller $9 billion number is

it's a test case. Will Congress do its

job and do this first down payment, a $9

billion recision of PBS, NPR, and a

bunch of those USAD foreign uh

government funding uh foreign aid uh uh

wasteful program. You have to and now

we'll see. I'll of course vote for that.

You know, I will. You don't have to. So,

but will the moderates? We'll find out.

If they do, we'll get another recisions

package sent up right after that. So

this is all part of the process working

with Russ vote the OM the president.

Sorry I don't mean the filibuster but

that's the that's the update. Jib speak

about the process a little bit because I

it's fascinating to watch this bill try

to make its way through all of this.

Like for my at least my estimate so far

or my understanding is there's at least

two congress congressmen who who one

congresswoman I suppose who uh already

have said that their vote was a yes but

now it would be a no because they didn't

realize what they were voting for which

would already put you under the amount

that you need to get it passed. the the

salt people in the House are saying if

you get rid of salt we're done and the

Senate is saying we're getting rid of

salt or at least adjusting it. How does

this thing get across the finish line?

Well, I mean like everything else you

got to figure out how you navigate to

get 218 and to get 51. Um we've managed

to get it to this far. Uh look, you go

to war with army you got right. We have

the Congress that we have. We have the

president that we have who's trying to

get this done and we're trying to work

to do it. I think we're in the zip code,

but we're not where we need to be. So,

let's take the things you just you gave

some examples. Are there things in the

bill that some of us knew about and were

warning about that others are now just

kind of waking up and seeing? Yes.

Right. At the time, I said, for example,

there's a car tax in this bill, you

fools. I don't I don't support it. It

was a tax to make up for the fact that

EVs and hybrids can't, you know, pay

their fair share of the gas tax. They

needed $40 billion to pay for some Coast

Guard and other stuff. So, how did they

pay for it in the committee? What they

did was they added a car tax for EVs and

for hybrids. Now, do you think that we

conservatives of limited government uh

uh you know, views believe we should

have a car tax? I sure as hell don't.

Um, how about the AI restrictions?

Should we prohibit Florida and should we

prohibit Texas from being able to have

some sort of regulation on AI? From a

federalism standpoint, I'm not sure we

should. Right? So, there's lots of

things in this bill that I knew all this

was telling people about it, but man,

there's only like 40 fights you can

pick. My fight was you're going to

repeal these these damned subsidies uh

on the inflation reduction act that are

killing our grid, undermining our

national security, and destroying

natural gas and nuclear energy options.

My fight was trying to get Medicaid held

down. About 20 other fights, for

example, the car tax. Scott Perry and I

and a couple of others, we at least

killed the tax on the internal

combustion engines. They weren't going

to have a car tax on every car in

America, y'all. So, look, we're fighting

everything we got coming at us. There

are things that need to get fixed. To

answer your question, if they need to

adjust salt, I might try to call the

bluff of the guys in the salt caucus and

say, "Really, you're going to vote this

down because you didn't get more

subsidies for your great big blue state

tax jurisdictions, right?" But if they

want to try to call our bluff, I can

tell you if they repeal back the

inflation reduction acts stuff, which

the president campaigned on, then that's

going to be a real problem. So, we will

see. It is a fine line and I'm trying to

work with leadership, the White House to

deliver as close to my values as I can

and be able to look in the mirror and

say that I did enough. And I'm not sure,

gentlemen. I'm I'm always trying to

shoot straight. We're walking a line. It

could easily peel off and I can't

support it. It could move in the right

direction and I'll support it and say,

"Let's go fight tomorrow for the next

thing." I'm trying to work in good faith

with the president and his team to

deliver. There's a lot of good things in

this bill. Let's remember that. A

trillion dollars of real Medicaid

reforms. We've never done that before,

guys. Ever, right? The inflation

reduction act, Planned Parenthood not

funded, trans surgeries repealed for

adults and kids to defund that. The left

had gone so far, we're peeling a lot of

that back. So, let's remember the good

stuff while we're trying to, you know,

highlight some of our concerns.

Chip, I you're very reasoned and um I

really appreciate talking to you and I

really am so glad that you are

representing the great state of Texas.

Um you're a guy that at least I feel I

can trust. I you know, you say what you

mean and you mean what you say and that

is the number one thing I I look for in

a representative is somebody who will

say the same thing to me to my face as

they will behind closed doors. And I I

really appreciate all your hard work on

this. Thanks, Chip. Hey, I appreciate

it, Glenn, and thank you for exposing

all this to the American people and

being truthful about it. Like, because

this is hard for people like us because

you you want to be with the team to move

the ball down the field. We want to

succeed. We want to win, but you also

don't want to be you don't want to eat a

crap sandwich. So, I look, I promise

you, I will level set the good and the

bad and the ugly, and then you just have

to decide what's the best for the

country and vote and move forward. So,

that's where we are. Next time it starts

to move forward, you just you call in

and and you let us know what's in it.

Okay. Just make sure you get a hold of

me. As soon as you start to see things

moving forward, you let us know. Uh

because I'd appreciate your point of

view on that. Thanks, Chip.

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YouTube Transcript:Is this the REAL reason Elon Musk SLAMMED the “Big, Beautiful Bill?”

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YouTube Transcript:
Is this the REAL reason Elon Musk SLAMMED the “Big, Beautiful Bill?”