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June 1, 2023 - Sean Hannity Show
34:23
Senator Rand on Debt Ceiling - May 31st, Hour 3
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Our final news roundup and information overload.
All right, news roundup and information overload hour, 800-941-SHAWN.
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 Eastern 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 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 overly dramatic.
It was returned to 2022 spending levels, reduce the baseline budgeting increases to 1% a year, open up some energy production, domestic energy production in the country.
And it scored out at the Congressional Budget Office at $4.8 trillion in savings over 10 years.
So, you know, what mistakes?
I think he didn't recognize they had as strong a hand as he had.
If you're going to compromise on the $4.8 trillion, why can't you make it $4 trillion?
If you really are worried about a default, which, you know, I've made this argument before.
I don't believe there is a drop-dead default date at all.
I think it's smoke and mirrors and it's typical swamp Washington politics to scare the hell out of everybody.
However, Wall Street could have reacted negatively.
That's just a fact.
Why give in on the issue of funding 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 it just didn't make sense.
Now, Rand Paul in the Senate is demanding that he'll not vote on a debt limit deal 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 Rand Paul 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 reform.
Well, didn't we?
Wait a minute.
We had 43 Republican senators signed on to supporting the House bill.
Look, 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 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, if 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 going to 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 $4 trillion 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 introduce as an alternative my 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 deal's done.
You know, half the Republicans in the House are going to 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 wanted to make sure we had the final draft.
And there was uncertainty about the Sunday night release on that draft.
And while we read it, I just, you know, I had to get, you know, you had to get some analysis and make phone calls.
And I talked to a lot of people on the Hill.
And, you know, why they're trying to sell this as a great deal.
To me, this is a typical D.C. 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 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.
I'm going to play Kevin McCarthy.
I'll insert this here because he said he's not sure what the Freedom Caucus wanted.
The debt deal only focuses on 11% of the budget.
And then saying tough talk on the deficit, his language prior to this deal was a lot tougher.
But the thing that's very interesting here is the largest savings in American history, the unshackling of finally wasteful Washington spending getting rescinded.
Do you realize if all the Congresses in the past, you're going to 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 11% of the budget.
And when the Freedom Caucus talks about wants to 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 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.
People couldn't read the bills.
There were thousand-page bills, trillions of dollars.
This is 99 pages, 15 of them are 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 McGrathy, 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 7:15 or would the vote come sometime after?
We'll talk to Stevie manage the 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 120% of GDP, meaning our debt is larger than our economy.
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 $31 trillion in debt.
That's more the entire economy of America.
20% more.
Think for a moment.
That is unsustainable.
What is finally the number?
Is it $40 trillion 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 really was a little bit shocked by it all.
Now, will there be a motion to vacate?
It's looking less likely that that's going to happen, or if it happens, I don't think it's going to result in him being removed as Speaker.
But I hope he learns 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 from the very beginning.
Republicans in the House, as well as Democrats, all said, well, we're not going to look at mandatory spending.
Well, that's two-thirds of the budget is mandatory spending.
Oh, and then we're not going to 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 10 or 11% of the money.
So 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 worked, and it's now five pennies, but the reason a 5% cut for five years' balance is 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 is 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 going to be what cuts it.
Quick break more with Senator Ram Paul on the other side as we continue.
800-941 Sean 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 it holds near and dear to you, that you like to be able to.
Anyway.
Sean Hannity is on right now.
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We continue with Senator Ram Paul of Kentucky.
I understand the arguments.
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 was a that between him and Clinton, it was a process.
I remember all of those arguments and a lot of them were built around the rate of growth.
Like for example, with Medicare, the Democrats were claiming Republicans are going to slash and burn Medicare, which, by the way, is headed towards insolvency like Social Security.
And they would say reducing the cut to 7% a year is a cut.
Increasing spending every year for seven years, 7% 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 30 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 $2 million every minute.
Just during this interview, we're borrowing $5, $10 million.
So 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 email and they're representing.
See, I agree with you, but everyone gets their hair on fire over something that I think you would agree with me.
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 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.
I'm thinking that we could sideline people like John Kerry and 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 debt, our military would not be impacted.
Yeah, the idea that we would default is a contrived controversy.
It's not real.
All right, it looks like we lost the senator.
I know he's in the Capitol today, and service can be spotty there.
Anyway, 800-941-Sean, our number, if you want to be a part of the program, one thing I wanted him to react to was Chucky Schumer's comments on this.
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.
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 undisciplined because I know we can't default.
I'm angry that we're in this position.
So I have some serious concerns about the Dale Wolf, and my team and I are still reviewing it.
We just received the 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 arrow, get to your calls.
800-941, Sean, our 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 Colms days.
Oh, man.
I'm getting a little older.
Hair getting a little whiter.
Is that okay?
Yes, it is.
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 a little different spin on this in that 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 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?
Change the narrative a little bit here.
You know, had we not left $7 billion of our assets in Afghanistan, you know, those are guns, bullets, bombs that could have gone to Ukraine.
We wouldn't be trying to restockpile what we got going on here currently.
You know, you just can't keep having a blank check and having your handout and then whine when you don't get what you want.
I respect Senator Graham.
I believe in peace through strength.
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.
We need a strong military with fiscal responsibility.
And I think I agree with that.
We ought not have, I don't know, what do we have?
Trans recruiters now, and our military's gone woke.
That's not what the military needs to do.
Our military needs to build the baddest, meanest, toughest, kick-ass military on the face of this earth, prepared to win wars against countries that hate us, that are armed to the hilt.
And America, I find, is falling behind very, very quickly.
Because I can promise you, Russia's army and China's army and the Iranian Mullah's Iranian Revolutionary Guard, they're not going woke.
They're going for the kill.
And we have, you know, lost our sense of what the proper role, function, and what we should be prioritizing as it relates to the military.
I agree, Sean.
I mean, 100%.
Peace through strength is where we should be.
If I could just say one more thing: I own a company now, and over the last 10 years, I track my fuel.
So I can go all the way back.
And let's just say four years ago, it was $7,900.
The next year was $8,400.
The year after that was $8,500.
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 $13,500 for my company.
$5,000 increase in one year.
You think each one of those kids wouldn't have wanted $1,000 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 excess for all these wasteful top people, Millie and Austin and the rest of them.
And then yet, then I'm getting killed here on these non-tax taxes.
There's got to be a change.
We've got to start listening.
People have to just wake up and see what's going on.
And guys like, you know, Larry Fink from BlackRock can't be putting out stuff like if these corporations do not 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 that would get put right in line because it's bottom line dollars.
You're either many years ago, there was the Grace Commission.
There were some of the best, brightest minds in 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.
So they pay all this money.
They do the study.
They get the top people to devote all this time and attention, the best and brightest entrepreneurs in America at the time.
And they came up with a list of recommendations.
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, 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 CEO job where everything's taken care of.
I mean, people that are out here going, I've got five kids in college, as I said.
Their job outlook right now is not looking good with the tech companies laying off, the auto companies moving around 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's tough.
And you know what?
As a parent, the thing I struggle with the most is I'm not going to 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 going to do it?
Nope.
Not doing it.
You know, they've got to find their God-given talent and their way in life.
And, you know, if they need help on certain things, of course I'm going to be there.
I'm their dad.
In terms of, you know, giving them too much, no, it'll ruin their own ambition and initiative.
I don't want to destroy it.
Anyway, good call.
Joe, appreciate it, buddy.
800-941-Sean, Sharon, Texas.
Next, Sean Hannity Show.
Hi.
Hi, Sean.
I want to comment on Kevin McCarthy.
I think he's a total squish and he's like Paul Ryan.
I think he went into this deal knowing that he had no, 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 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 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 the deal that he took in with him, which represented what they had agreed on from our house.
He should have had some marks on what he was not going to 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 one of our problems.
We get these politicians elected up there to D.C. 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 and their own little nest, just like Joe Biden has done, just like Mitch McConnell has done.
They're all up there and they want to get into the establishment, the country club, D.C. Country Club, 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 maneuver for his own position and collect money.
Well, let me echo your sentiment in this way: is that to me, they had the stronger hand.
And to me, it was going to always come down to a game of chicken.
And to me, 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.
And if you were going to compromise, back off some, I would have been directly communicating with my small majority caucus and informing them the whole way.
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, that's why you had the reaction that you had yesterday.
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 the 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 D.C. Country Club.
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.
I would say up to now, you know, 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.
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 $4 trillion.
You know, not, you know, around $2 trillion, which it ends up being.
To me, that's not a net win.
And, you know, and even the work requirements are really not strong work requirements for people to get public assistance.
With that said, you know, we'll see how this plays out.
I think the vote takes place in my hour tonight on Hannity, 9 Eastern.
So we'll cover it live.
And my guess is this bill is going to pass and it'll be history.
But I think for the future, I don't think there's much patience among the rank and file conservatives in the House to go through this again.
I really don't.
Anyway, we have time for another call here.
Let's say hi to Dan in Illinois.
Dan, how are you?
Glad you called.
Hi, Sean.
How you doing today?
I'm good, my friend.
What's up?
Good.
One 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 those entities don't get stopped.
And it's only going to get worse.
So this is why this next presidential election, hopefully with the work of God, 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 could be woke, unwoken.
It won't be nothing if we live with conditions of all of our freedom.
And that's, yeah, I'm 62.
My youngest is 20.
I'm worried about my generation, my youngest generations, my family, and everybody else is growing up into this country and not losing it to the evil that they're turning it into.
Listen, I chronicled a lot.
I don't care who the Republican nominee is in this sense.
Whoever it is is going to 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, our number, you want to be a part of the program.
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You know, Joe Upton are 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 Hamm.
An audience show tonight.
Nine Eastern again.
Tickets for tomorrow's town hall with Trump and tickets for tonight, Hannity.com.
Always tickets are free.
We'll see you tonight.
We're from Iowa tomorrow.
We'll see you then.
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