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June 1, 2023 - Sean Hannity Show
34:25
Senator Rand on Debt Ceiling - May 31st, Hour 3
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All right, news roundup and information overload hour 800 941.
Sean, if you want to be a part of the program.
A lot of fallout, a lot of anger, conservatives as it relates to the budget compromise deal.
I suspect that this is going to happen in my hour tonight on Hannity 9 Easton on the Fox News Channel.
Now that I've had a chance to read the 99 pages and really do a deeper dive into this, as I said in the last hour, uh, or earlier in the program today, you know, I think McCarthy had a much stronger hand than the White House.
They had the high ground because remember, Biden said from day one he wouldn't negotiate.
They also passed the debt ceiling increase.
It was not onerous.
It was not you know overly dramatic.
It was returned to 2022 spending levels, reduced the baseline budgeting increases to one percent a year, open up some energy production, domestic energy production in the country, and it scored out of the Congressional Budget Office at 4.8 trillion dollars in savings over 10 years.
Um so, you know, what mistakes?
I I think they didn't re he didn't recognize they had as strong a hand as he had.
Um if you're gonna compromise on the four point eight trillion, why can't you make it four trillion if you really are worried about a default, which you know, I I've made this argument before.
I don't believe there is a drop dead default date at all.
I think it's it's smoke and mirrors and it's it's typical swamp Washington politics to scare the hell out of everybody.
Uh however, Wall Street could have reacted negatively.
That's that's just a fact.
Uh why give it in on the issue of funding the IRS agents?
I don't know why.
Why make it a two-year deal, not a one-year deal?
And I think the biggest mistake was not communicating with his own caucus throughout the process because it caught everybody by surprise, and and it just didn't make sense.
Now, Rand Paul uh in the Senate is demanding that he'll not vote on a debt limit deal uh at all, and he's proposing Congress instead increase the debt ceiling by 500 billion, return to the negotiating table in a few months and work out additional spending reforms.
I like this idea.
Senator Rampall is with us.
How are you, sir?
Good, Sean.
Not only do we limit the increases in spending, we put actual caps on spending that would balance the budget within five years, because traditionally Republicans have been for a constitutional amendment to balance the budget, and it's over a five-year period.
So my spending caps from the penny plan would actually balance in five years.
We allow the debt ceiling to go up 500 billion, which unfortunately lasts about three or four months at the rate they spend it, but then they'd come out back and have to negotiate again.
On your point about McCarthy having a stronger hand.
Well, you know what?
If Senate leadership, Republican leadership would have weighed in.
All they had to do is say we have 41 votes over here that will not vote unless we get significant reforms.
Well, didn't we?
Wait a minute.
We had 43 we have 43 Republican senators signed on to supporting the the House bill.
Look, I th I think the House bill the original bill was a good bill.
It wasn't the best bill.
Like you, I've been a big supporter of the Penny Plan for a long time, although I got to imagine now that that plan needs to be the nickel plan or the dime plan or the quarter plan.
But putting that aside, I thought it was a overall a good responsible bill.
And I think if they would have held their ground that, you know, Joe Biden had said he wouldn't negotiate and disappeared for 97 days, that would have been Biden's default, not the Republicans' fault.
But realize also that Senate Republican leadership would have weighed in.
They basically abdicated and said, oh, this is a deal between McCarthy and Biden.
If the Senate Republican leadership would have said, well, we have 41 votes against any crappy bill, it's gonna have to be better.
Senate Republicans could have made this better but chose not to.
But let's be very clear for your conservative audience.
There's nothing conservative about the deal they struck.
The deal doesn't cut any spending.
It allows unlimited borrowing for two years.
Experts estimate that it'll be over four trillion dollars borrowed over the next two years.
And we did not strike a good bargain.
This is a terrible bargain.
I will oppose it.
All the good conservatives in the House and in the Senate will oppose this, and we'll uh introduce as an alternative my pen five penny plan budget caps, which balance in five years, and we'll see how many conservatives actually will vote that way.
But unfortunately, the the deal's done.
You know, half the Republicans in the House are gonna vote for this, a little more than half.
All the Democrats will vote for it in the Senate and the House, and they'll pass this the way they always do.
The big government types in both parties will get what they want.
You know, and that sadly is what it became.
It became a swamp bill.
You know, and I I wanted to be very I wanted to make sure we had the the final draft.
And I uh there was uncertainty about the Sunday night release on that draft.
And and while we read it, I just you know, I I had to get you know, you had to get some analysis and and make phone calls, and I talked to a lot of people on the Hill.
Um and uh you know, why they're trying to sell this as a a great deal.
To me, this is a typical DC swamp sewer bill.
I agree completely, and I don't think there's almost any reform I would accept for unlimited borrowing.
So we don't borrow a specific amount of dollars, which we historically would have a specific debt limit increase.
Now we're just saying you can spend anything you can spend for the next two years, including all the way through the next election.
So we will never again put um President Biden on the spot.
He will never again be put on the spot till there's another election.
It also means there'll be no more discussion of any kind of fiscal sanity or fiscal responsibility until after the next election.
Congress will just spend money from now until then.
Uh I'm gonna play Kevin McCarthy, I'll insert this here, um, because he said he's not sure what the freedom caucus wanted.
The debt deal only focuses on eleven percent of the budget, and then saying tough talk on the deficit, his language prior to this this deal was a lot tougher.
But the thing that's very interesting here is um the largest savings in American history, the the unshackling of finally wasteful Washington spending getting rescinded.
Do you realize of all the Congresses in the past you can add up all the money that they rescinded and add them together?
This is higher than that.
And the idea that we fought so hard to get those work requirements and welfare reform, or the idea that you can make the president if he wants to add a new regulation, that now he has to offset that.
We haven't had that before.
So I'm not sure what everybody wanted.
We couldn't get everything we wanted, and when we had this debate, you couldn't talk about the whole budget.
So in essence, we are only able to focus on about eleven percent of the budget.
And when you when the Freedom Caucus talks about wants the spending back to 2022, the non-defense is back lower than 2022.
Veterans get more money and defense gets more money.
So I think this is a place, and we cap for the next six years.
Are you are you worried about anything coming out of the rule here?
You know, we know that Mr. Roy has a problem with it, Mr. Norman, both members of the rules committee.
Mr. Massey said he met with you but hasn't announced his vote yet.
You're not concerned with the rule in committee or on the floor.
Look, this since we took the majority, I wanted to change things in Washington.
Nancy, as speaker, had broken this place.
There were people who couldn't read the bills.
There were thousand-page bills, trillions of dollars.
This is ninety-nine pages.
Fifteen of them of just rescinding the wasteful Washington spending.
So everybody has an opportunity to read it.
Everybody has an opportunity for their own opinion, so they can say their own opinion.
That's the idea of Congress.
Speaker McCarthy, how many conservatives can you lose on this bill and still pass it?
Well, we'll work through it and make sure make that happen.
Is there any reason why we wouldn't expect a vote sometime tomorrow night?
And Clarity, would the debate not start until after 715, or would the vote come sometime after 70?
We talked to Stevie Bags of Floor, but the vote will be tomorrow.
The debate and vote will be tomorrow.
The greatest threat to America is our debt.
Our debt is now at a hundred and twenty percent of GDP.
Meaning our debt is larger than our economy.
At the this is higher than at any time in American history.
And it's higher at any time in American history when the revenues that are coming into government are higher than any other time.
And the problem is getting worse, not better.
We are now thirty-one trillion dollars in debt.
That's more the entire economy of America.
Twenty percent more.
Think for a moment.
That is unsustainable.
What is finally the number?
Is it forty trillion dollars in debt?
How much before you say let's stop borrowing from China?
And not looking at places that we're wasting our money in.
I thought he'd hold stronger.
I'm I'm I'm really a little bit shocked by it all.
Now, will there be a motion to vacate?
I don't it it's looking less likely that that's gonna happen, or if it happens, I don't think it's gonna result in him being removed as speaker.
You know, but I hope he learned something from this that he better communicate with this caucus.
There is one salient point in what he said.
He said only 11% of the budget was whom he had addressed.
That's why this was a lost cause in the very beginning.
Republicans in the House, as well as Democrats all said, Well, we're not gonna look at mandatory spending.
Well, that's two thirds of the budget is mandatory spending.
Oh, and then we're not gonna look at military spending.
That's half of what remains.
So what we're looking at is they were really trying to look for significant spending reform on ten or eleven percent of the money.
So it was it was a foregone conclusion that they didn't bite off enough of the budget to look at.
You have to look at the whole budget.
The reason the penny plan budget works, and it's now five pennies, but the reason a five percent cut for five years balances it's it's a cut of the entire budget.
But people have to realize how bad this is and how dramatically out of whack the budget is, and also what's going to happen to it.
If we do not fix this budget nightmare, we are going to destroy the currency.
The country's going to go into a permanent stagnation, and we are in for a world of hurt if we don't do something about this deficit.
Well, that I agree with, and this isn't gonna be what cuts it.
Quick break more with Senator Rampall and the other side as we continue.
800 941 showing on number your call straight ahead as well.
And now a word from the 46th president of the United States.
So the best way to get something done, if you if it holds near and dear to you that you uh um like to be able to Sean Hannity is on right now.
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We continue with Senator Rampall of Kentucky.
I understand the arguments.
Uh we had actually a pretty good debate both on radio and TV last night with Congressman Bishop of North Carolina.
Good guy, like him.
We obviously like Speaker Gingrich, he was the last speaker to actually balance a budget.
Speaker Gingrich's argument is this is a good start, and that that was a pr that between him and Clinton, it was a process.
I remember all of those arguments, and a lot of them uh you know were built around the the the rate of growth, like for example, with with Medicare.
Um, you know, the Democrats were claiming Republicans are gonna slash and burn Medicare, which by the way, is headed towards insolvency like uh Social Security, and and they would say a seven, you know, reducing the cut to seven percent a year is a cut.
Increasing spending every year for seven years, seven percent is not a cut, Senator.
That's exactly right.
And there's an argument to be made that a clean raise of the debt ceiling for thirty days would have been better than this.
Raising the debt ceiling an unlimited amount for two years takes all pressure to conserve dollars, takes away all pressure.
There's no more leverage, there's no more negotiation.
The money will be spent like it's going out of style.
We're already borrowing two million dollars every minute.
Just during this interview, we've you know, we're borrowing five, ten million dollars.
So it's it's just crazy out of control.
This budget deal is an abdication.
It is not conservative, and every conservative in the country ought to have their hair on fire and be calling people an emailing their reference.
You see, I agree with you, but everyone get the gets their hair on fire over something that I think you would agree with me.
There we we would not default on June 5th, as Janet Yellen said.
That's the drop dead date.
And the reason we wouldn't default is because uh the federal government every day is taking in a fortune in terms of tax revenues.
Now, we might not be able to fund every government program to the extent that we want.
Uh I'm thinking that we could sideline people like John Kerry and uh the EPA for a number of months, and we probably wouldn't notice a difference, except things might get better in the country.
But certainly Medicare, Social Security, our our debt, our military would not be impacted.
Yeah, the the idea that we would default is a contrived controversy.
It's not real.
All right, it looks like we uh lost the Senator.
I know he's in the Capitol today, and and service can be spotty there.
Uh anyway, eight hundred nine four one Sean, our number if you want to be a part of the program.
One thing I wanted them to react to was Chucky Schumer's comments on this.
Uh, listen to Chucky.
I cannot stress enough that we have no margin, no margin for error.
Either we proceed quickly and send this bipartisan agreement to the president's desk, or the federal government will default for the first time ever.
It is imperative that we avoid a default.
The consequences of slipping past the deadline would reverberate across the world and take years to recover from.
Remember, a default would almost certainly trigger another recession, send costs soaring, kill millions, millions of jobs, hardworking people thrown out of work through no fault of their own.
That, Mr. President, would be a catastrophic nightmare for our economy and millions, millions of American families.
Genius that he is, as always.
You know, Democrats they have their own thoughts on the bill.
Some hate it, and then others are in love with it.
Uh, listen to the montage of Democrats.
We're being held hostage because I am one of the people that has read all 100 pages of this bill, and I have been asking questions for three days, and there are things in this bill that I would clearly not support.
Will you vote in favor?
I'm still undecided because I know we can't default.
I'm angry that we're in this position.
So I have some serious concerns about the deal, Wolf, and my team and I are still reviewing it.
We just received a text last night.
But one of the major concerns is on non-defense discretionary spending.
Another major problem is the Joe Manchin pipeline that we fought so hard to stop from being built.
That is still a part of this bill.
Anyway, 800 941 Sean, if you want to be a part of the program.
Top of the hour, get to your calls.
800, 941 Sean on number.
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All right, let's hit our busy phones.
Joe is in Michigan.
Joe on the Sean Hannity Show.
Hi.
Hi, Sean.
How are you?
I'm good.
What's going on?
Not too much.
Enjoyed you since your Alan Combs days.
Oh man, I'm getting a little older, hair getting a little whiter.
Is that okay?
Yes, y it is.
Um I'm calling to you about some of the things that Senator Lindsey Graham and others have said reference the military deficiency in this current budget.
And I'd like to have like a little little different spin on this in that um if you want all that money, there has to be some fiscal responsibility.
There should be at some point, maybe an amendment to it, if you pass an audit, we'll give you the money.
If you don't waste our taxpayer funds on things like DEI and the service academies, we'll give you the money.
If you have a top-to-bottom audit of the amount of people that we need, let's picture if if uh Larry Fink of BlackRock came in there.
You know, would he have this many generals?
Would each general have an administrative assistant?
Would one administrative assistant work for three generals?
Um change the narrative a little bit here.
Um, you know, had we not left seven billion dollars of our assets in Afghanistan, you know, the that those are our guns, bullets, bombs that could have been gone to Ukraine.
We wouldn't be trying to restockpile what we got going on here currently.
Um you know, you y you just can't keep having a blank check and having your handout and then whine when you don't get what you want.
Um I respect Senator Graham.
I believe in peace through strength.
Um I'm 27 years retired law enforcement.
You know, they used to say like we were the sheepdogs, okay?
So we look lazy and we just walk the rock grounds and you eat and you lay down and you drink your water until the wolf's at the door and getting after the flock.
And so we need a strong military.
But we need a strong military with fiscal responsibility.
And I think I I agree with that.
Uh we ought not have I don't know what uh tr uh uh what do we have?
Trans uh recruiters now and you know, our military's gone woke.
Uh that's not what the military needs to do.
Our military needs to build the baddest, meanest, toughest, you know, kick-ass mil uh uh uh military uh on the face of this earth prepared to win wars against countries that hate us that are armed to the hilt.
And America, I I find is is falling behind very, very quickly.
Because I can promise you Russia's army and China's army and the Iranian mulah's uh Iranian uh uh revolutionary guard, uh they're not going woke.
They're going for the kill.
And we have you know lost our sense of of what the proper role, function, and and what we should be prioritizing as it relates to the military.
I agree, Sean.
I mean one hundred percent.
Peace through s uh uh peace through strength is what I'm what where we should be.
If I could just say one more thing.
I own a company now, and over the last ten years I track my fuel.
So I can go all the way back, and let's just say uh four years ago it was seventy-nine hundred dollars, the next year was eighty, four hundred dollars, the year after that was eighty-five hundred dollars.
Last year, where Biden says there's no new taxes on the middle class.
I'm as middle class as you get.
I got five kids in college struggling out here grinding every day to get through it.
My fuel bill last year was thirteen thousand five hundred dollars for my company.
Five thousand dollar increase in one year.
You think each one of those kids wouldn't want it a thousand dollars extra towards their education that they're paying for?
That was a direct tax on me due to his other policies that are deficient.
So, you know, somehow, somewhere this has to stop.
It just can't keep going down where we're paying access for all these wasteful um top top people, Millie and and Austin and the rest of them, and then yet then I'm getting killed here on these um non-tax taxes.
Um there's gotta be a change.
You've got to start listening.
People have to just wake up and see what's going on.
And um guys like uh, you know, Larry Fink from BlackRock can't Be putting out stuff like if if these corporations do not uh fall in line, then their compensation, the CEO's compensation is going to be deficient, you know, because that's where that's coming from.
He said straight up in an interview the other day.
I can only imagine if Larry Fink from BlackRock went in and took over our military, how how that would get put right in line because there it's bottom line dollars, you're either You know, many years ago there was the Grace Commission, there was some of the best brightest minds in the the business world, and it was when Reagan was president, and they did a landmark study, how to run government more like you run a business.
Um so they pay all this money, they do the study, they get the top people that devote all this time and t attention, the best and brightest entrepreneurs in America at the time, and they came up with a list of recommendations.
How many how many of those recommendations if you had to guess?
And there were a lot of them.
Do you think government adopted two?
Two if I had to No, you're wrong.
Zero.
Not one.
No, because it doesn't meet their agenda.
You know, I mean, uh each each I'm sure each congressman and each senator that's either for or against this is looking at their donors and looking at, but they need to be looking at what's right for us for the American people.
And right now things are not going great for the American people if you're out here in the real world, if you're not in a government job, if you're not in a in a CEO job where everything's taken care of.
I mean, people that are out here, I've got five kids in college, as I said.
Their job outlook right now is not looking good with you know the tech companies laying off the auto companies that moving around and and all these other things that are happening.
I can't imagine how they could afford to buy a house.
So you know Listen, it it's tough.
Um and you know what?
As a parent, the thing I struggle with the most is I'm not gonna help my kids.
I want them to struggle.
I want my kids to struggle.
Now, do I have the ability, if I wanted to financially to step up and help them?
Yep.
Am I gonna do it?
Nope.
Not doing it.
You know, they've they've got to find their God given talent and their way in life.
And, you know, at the appropriate if they need help, it's on certain things, of course they're gonna be there on their dad.
Uh in terms of of you know, giving them uh too much.
No, it'll ruin their their own ambition and initiative.
I don't want to destroy it.
Anyway, good call.
But Joe, appreciate it, buddy.
800 nine four one Sean Sharon, Texas next, Sean Hannity Show.
Hi.
Hi, Sean.
Um, I want to comment on Kevin McCarthy.
I think he's a total squish and a and uh s he's like Paul Ryan.
I think he went into this deal knowing that he had no i he should have gone into the deal.
If he wanted if he was serious about the deal, he should have gone in with a higher level of expectations and and boundaries on what he was able or asking for, so that he had some margins and room to give up a few things.
He went in with a bare minimum.
And and then when he had to give up something, so he says he had to give up something.
No, he didn't.
He should have held firm.
And he should have also had some marks on that on the deal that he took in with him, which represented the what they had agreed on from our house.
He should have had some marks on what he was not gonna fudge on.
And he did not.
And either he's a very poor negotiator, or he's just out for his own agenda, which is uh one of our problems.
We get these politicians elected up there to DC, and they're not working.
They get up there and they don't work for the interests of American people, our citizens, they work to pump up their own little war chest in their own little nest, just like Joe Biden has done, just like Mitch McConnell has done.
They're all up there and they they want to get into the establishment, the country club, DC country club, and and work for their position and maneuver for their position.
And we have that same thing going down here in the Texas House too.
We've got a house speaker who's trying to take over and and maneuver for his own position and collect money from the Well, let me let me echo your sentiment in this way, is that the uh uh to me they had the stronger hand, and to me it was gonna always come down to a game of chicken.
And to me uh I would never have given in on funding of the IRS.
I never would have given them a two-year deal instead of a one-year deal.
Um, and I i if you were gonna compromise back off some, I would have been directly communicating with my small majority caucus and informing them the whole way.
The the biggest surprise to me behind the scenes is discovering that he wasn't communicating what was on the table to his members.
And hence, you know, that's why you had the reaction that you had yesterday, and and had he gotten input from a lot of them, I think it would have been a very different result.
You're right.
He went in, he did not act like a team player.
He went in like he was a sole arbiter, and he gave up stuff he should not have given up.
And I think he's just looking out for his own position up there in the DC country club.
And I think I don't think he's looking out for his own position.
I mean, he opened himself up as far as I'm concerned to a motion to vacate.
Um I would say up to now, uh, you know, I I told you I would call Kevin out when I thought he did the right thing and when he did the wrong thing.
And in this negotiation, it just was a bad deal.
They had a much stronger hand.
They should have played it stronger, they should have defunded the IRS, they should have stuck with a one-year deal.
Uh and if they were going to give some of the spending savings back, it could have been, okay, instead of 4.8 trillion, maybe it's four trillion.
You know, not you know, around two trillion, which it ends up being.
Uh to me, that's not a net win, and um, you know, and even the work requirements are really not strong work requirements for for people that get public assistance.
Uh with that said, you know, we'll see how this plays out.
Uh, I think the vote takes place in my hour tonight on Hannity, nine Eastern, so we'll cover it live, and my guess is this bill's gonna pass, and it'll be history.
But I think for the future, um, I don't think there's much patience among the rank and file conservatives in the house uh to go through this again.
I really don't.
Uh anyway, we have time for another call here.
Uh let's say hi to Dan in Illinois.
Dan, how are you?
Glad you called.
Hi, Sean, how are you doing today?
I'm good, my friend.
What's up?
Good.
Um that thing that concerns me more than anything else in this nation is the weaponization of the FBI, the DOJ, the IRS, and even the mainstream media.
Because no matter what our debt is, no matter what our wokeness is or unwokenesses, no matter what happens, we will never be an unconditionally free country as a citizen here again if that if those entities don't get stopped, and it's only gonna get worse.
So this is why this like this next presidential election.
Hopefully, with uh work of dad, we will have another Republican in office.
Trump is my guy because he knows more than anything what the weaponization could do to him.
That he could put the brakes on it finally, but we could have a great debt, no debt at all.
We can we could be walk on woke, and it won't be nothing if we live with conditions of all of our freedom.
And that's yeah, I'm 62.
Uh my youngest is twenty.
I'm worried about my generation, my youngest generations of my family, and everybody else is growing up into this country and not losing it to the the evil that they're turning it into.
Listen, I've I I chronicled a lot.
I don't care who the Republican nominee is in this sense, whoever it is is gonna be viciously attacked, smeared, slandered, besmirched, character assassination at the highest level.
That's the only thing the Democrats know.
That's what they're good at, that's what they'll do.
That's how they think they can win elections.
Anyway, 800, 941 Sean, on number you want to be a part of the program.
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You know, Joe abandoned our men and women in Afghanistan.
And he checked his watch when the bodies came home.
Is this really the America we want?
This is important here.
You're on the Sean Hannity Show.
I understand people get upset about walking through a debt ceiling, but this is a House, a Senate, and a presidency.
I think when you read the Wall Street Journal, you read the New York Post, you sit back and listen to a lot of economists.
They'll say this is the strongest debt ceiling we ever had.
And if I compare it to when Republicans were in the majority, when they had the House, the Senate, and the Presidency, they didn't cut anything.
They just added more money.
All right, that's going to wrap things up for today.
Reminder, programming note, this radio show from Iowa tomorrow, the first of what will be hopefully many presidential town halls around the country.
And it all starts in Iowa, so we start in Iowa.
And our first town hall with President Donald J. Trump.
That's tomorrow night on Hannity.
But we'll do the radio show from Iowa before we do the Trump interview, obviously, or the Trump Town Hall.
Tickets are free.
Hannity.com.
If you'd like to be a part of the audience for ticket availability, just go to Hannity.com.
Tickets are free.
So look forward to being back in Iowa tomorrow.
I wish the Iowa Fair was going on.
It's one of the coolest events you could ever go to.
It's very cool.
Anyway, Lindsey Graham on tonight.
Now Lindsay's been threatened for assassination by Vladimir Putin.
This is getting interesting.
James Comer on his phone call earlier today with Charles Grassley and Director Ray.
Laura Trump and Charlie Arnold will be on tonight.
Degan McDowell, Kellyanne Conway, Steve Miller, and Mary Catherine Ham.
An audience show tonight.
Nine Eastern again.
Tickets for tomorrow's uh town hall with Trump and tickets for tonight, Hannity.com.
Always tickets are free.
Uh we'll see it tonight.
We're from Iowa tomorrow.
We'll see you then.
Thank you for making this show possible.
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