♪.
LARRY: WELCOME BACK, YOU HEARD
SOME PRETTY PESSIMISTIC ECONOMIC
NUMBERS IN THE LAST SEGMENT.
NOW THE QUESTION IS CAN HOUSE
REPUBLICANS POSSIBLY RESCUE THE
ECONOMY WHICH LOOKS LIKE IT WILL
NEED RESCUING?
LET US ASK CONGRESSMAN CHIP ROY
FROM TEXAS.
CHIP ROY, WELCOME BACK.
THANK YOU FOR TAKING THE TIME.
WE APPRECIATE IT.
I DON’T KNOW IF YOU HEARD ANY OF
THE NUMBERS OUT TODAY,
EVERYTHING FELL, RETAIL SALES
FELL.
MANUFACTURING FELL.
BUSINESS INVESTMENT FELL.
IT IS NOT A GOOD STORY.
ALL RIGHT, HAVING SAID THAT, WE
WOULD LOVE TO CUT SPENDING,
TAXING AND REGULATING.
LET ME GET YOU -- HAVE YOU SEEN
THE WHITE HOUSE PRESS MEMO
ATTACKING YOU GUYS?
YOU HAVE NOT REALLY PUT YOUR
POLICIES UP NEXT.
THEY SAY REPUBLICANS WANT TO
INCREASE GAS PRICES BECAUSE YOU
DON’T LIKE TO SELL "SPRO" I
GUESS, PROTECT THE RICH TAX
CHEATS BECAUSE OF THE IRS,
YOU’RE GOING TO RAISE TAXES ON
THE MIDDLE CLASS.
THAT IS THE FAIR TAX, AND ON TOP
OF ALL OF THAT, CHIP, YOU WILL
CUT SOCIAL SECURITY AND
MEDICARE.
NOW THAT IS THE WHITE HOUSE
NOTES FROM THE PRESS OFFICE.
I JUST WANT TO GIVE YOU A CHANCE
TO REBUT ALL OF THIS STUFF.
>> WELL LARRY, GOOD TO BE ON,
RIGHT.
THAT IS THE PLAYBOOK THE
DEMOCRATS USE GOING BACK TO THE
SAME OLD WELL.
ABOUT WE’RE TRYING TO FREE UP
THE AMERICAN PEOPLE FROM THE
STRANGLEHOLD THE AMERICAN
GOVERNMENT PLACED ON THEM.
THEY HAVE DONE THAT A NUMBER OF
WAYS.
DUMPING TRILLION OF DOLLARS IN
THE NAME OF COVID WHICH CAUSED
MOST OF THE INFLATIONARY MESS IN
THE FIRST PLACE.
CROWDING OUT PRIVATE INVESTMENT.
PROSPERITY AND WEALTH TO
MANAGEMENT THE WAY THE MARKET IS
SUPPOSED TO, NOT WITHOUT THE
GOVERNMENT INTERFERING.
MORE IMPORTANTLY WE SHOULDN’T
SPEND MONEY WE DON’T HAVE TO
FUND ALPHABET SOUP OF
REGULATIONS STRANGLING OUR
ECONOMIC GROWTH.
YOU MENTIONED IT RIGHT BEFORE
THIS SEGMENT WHERE YOU’RE
TALKING ABOUT ALL THE CLIMATE
CHANGE AND WOKE RELLATIONS THAT
ARE STRANGLING THE ABILITY OF
AMERICAN TOME POO DO THEIR JOB.
THAT IS THE IMPORTANT PART
MISSING HERE.
WE’RE ABOUT EMPOWERING THE
AMERICAN PEOPLE ACROSS ALL
LEVELS OF THE ENTIRE SPECTRUM,
MAKE SURE THEY CREATE WEALTH AND
OPPORTUNITY, RATHER THAN HAVE
THE GOVERNMENT WHAT IS DOING
RIGHT NOW WHICH IS HAS DONE MY
ENTIRE LIFETIME.
GOVERNMENT IS THE PROBLEM.
SPENDING MONEY WE DON’T HAVE.
COMMON SENSE REFORMS IN PLACE.
LIMIT SPENDING AT FY-22 LEVELS
AT THE TOP LINE.
YOU CAN HAVE THE DEFENSE
SPENDING YOU NEED TO DEFEND US
AGAINST CHINA.
NON-DEFENSE DISCRETIONARY DOWN
TO PRE2022 COVID LEVELS.
FUND THE DEFENSE, GET OUT OF THE
WAY OF THE AMERICAN PEOPLE.
LARRY: LISTEN, OUR FRIEND KEVIN
HASSETT, FORMER CEA CHAIR HAS
SUGGESTED FIRST OF ALL MAKE A
FIGHT ON THE DEBT CEILING, I’M
WITH HIM ON THAT, MAKE A FIGHT.
THERE HAS TO BE A SHOWDOWN.
FOR EVERY DOLLAR INCREASE IN
DEBT CUT SPENDING BY THREE
DOLLARS.
LAST NIGHT YOU’RE COLLEAGUES
SCOTT PERRY WAS ON THE SHOW AND
HE SAID FINE, HOW ABOUT CUTTING
SPENDING BY FOUR DOLLARS?
I’M SAYING OKAY, THAT’S GREAT.
JOE BIDEN DOESN’T EVEN WANT TO
TALK TO YOU AS FAR AS I CAN
TELL.
KEVIN MCCARTHY IS WILLING TO GO
TO THE WHITE HOUSE TO TALK AND
NEGOTIATE AND BIDEN IS SAYING
NO.
BIDEN DOESN’T WANT TO EVEN
ACKNOWLEDGE THERE IS REPUBLICAN
HOUSE NOW.
WHAT DO YOU THINK ABOUT THE DEBT
CEILING?
TOMORROW IS THE, NOT THE END OF
THE WORLD BUT TOMORROW THE DEBT
HITS ITS OWN LIMIT.
YOU WILL MAKE A STAND ON THAT.
I THINK PROBABLY WOULD HELP THE
ECONOMY FRANKLY.
MAYBE I’M WRONG BUT I WOULD GO
WITH IT.
>> YEAH I THINK THERE IS NO
QUESTION IT WOULD HELP THE
ECONOMY.
LOOK PEOPLE THAT START
HAND-WRINGING ABOUT THE WHOLE
DEFAULT ON THE DEBT, WE’RE NOT
GOING TO DEFAULT ON THE DEBT.
WE CAN PRIORITIZE ON THE DEBT.
CURRENT LAW ALLOWS
PRIORITIZATION OF PAYING DEBT
PAYMENTS.
WE’LL NOT DEFAULT.
THEY DO THIS ALL THE TIME.
THE FACT THAT THE REASON
DEMOCRATS ARE HITTING GAS TO DO
FEAR-MONGERING, SCARE TACTICS
BECAUSE THEY SAW US SUCCESSFULLY
WRESTLE CONTROL OF THE MESSAGE
TWO WEEKS AGO, WORK WITH KEVIN
MCCARTHY, WORK A DEAL WHERE WE
COULD AGREE WE WOULD MAKE
SPENDING RESTRAINT OUR TOP
PRIORITY TO MAKE SURE WE LIMIT
THE SPENDING THAT IS CURRENTLY
FUNDING THE BUREAUCRATS THAT ARE
FUNDING WOKE, WEAPONIZED
WASTEFUL SPENDING UNDERMINING
THE AMERICAN PEOPLE.
SHOULD USE THE DEBT CEILING TO
LIMIT SPENDING.
SHOULD BE ON OFFENSE WHAT IT
MEANS FOR THE AMERICAN PEOPLE.
YOU CAN’T GLOSS OVER WHAT YOU
SAID ABOUT THE CLIMATE CHANGE
WORSHIPING AND WOKE POLICIES
THAT ARE UNDERMINING OUR ABILITY
TO CREATE WEALTH.
RIGHT HERE IN TEXAS, WE’LL LOOK
AT 50% OF OUR GRID BEING WIND
AND SOLAR BY THE END OF 2023.
I’M SURE ALL THE GREEN FOLKS ARE
CLAPPING BUT YOU KNOW WHAT THAT
MEANS?
YOU DON’T HAVE RELIABLE POWER
WHEN YOU END UP WITH A BIG
WINTER STORM OR HEAT WAVE IN THE
SUMMER.
WE NEED TO MAKE SURE WE HAVE THE
RIGHT POLICIES TO CREATE WEALTH
AND CREATE ECONOMIC OPPORTUNITY
FOR THE AMERICAN PEOPLE.
WE’VE GOT THOSE POLICIES.
IT STARTS WITH SPENDING
RESTRAINT IN WASHINGTON, STOP
SPENDING MONEY WE DON’T HAVE.
LARRY: YOU KNOW, CHIP, IF YOU
THINK, IF YOU SEE A RECESSION
COMING AND THE NUMBERS TODAY HAD
A DEFINITE RECESSION FEEL, THIS
THING COULD COME ON FASTER BUT
THEY WERE BAD NUMBERS, I WOULD
WANT TO CUT SPENDING, I WOULD
WANT TO CUT TAXING, I WOULD WANT
TO CUT REGULATIONS, BOOM, BOOM,
BOOM.
>> YEP.
LARRY: CUT TAXES
JOHN F. KENNEDY, RONALD REAGAN,
DONALD TRUMP, GO BACK TO WARREN
HARDING AND CALVIN COOLIDGE.
THEY CUT SPENDING, CUT TAXES,
REDUCED DEBT, GOT US OUT OF THE
POST-WORLD WAR I DEEP RECESSION.
BIDEN DOESN’T WANT TO SEEM TO
TALK TO YOU.
THAT IS THE THING THAT AMAZE
PLEA.
THERE IS NO RESET.
HE THINKS HE WILL GET A CLEAN
DEBT BILL.
HE THINKS YOU ALL DON’T EXIST.
I DON’T UNDERSTAND THAT.
>> THERE IS NO QUESTION THIS
WILL NOT BE LIKE BILL CLINTON
AFTER THE 1994 CONTRACT WITH
AMERICA, HE CAME IN SAID ERA OF
BIG GOVERNMENT IS OVER.
PEOPLE AROUND JOE BIDEN WILL
CONTINUE TO DRIVE THIS LEFTIST
REIMAGINING OF AMERICA, THIS NEW
WORLD ORDER THAT ALLOWS FOR WIDE
OPEN BORDERS CLAMMING DOWN ON
AMERICAN ENERGY INDEPENDENCE AND
GROWTH AN OPPORTUNITY AND.
WE NEED TO MESSAGE TO THE
AMERICAN PEOPLE THAT WE CAN
CONSTRAIN GOVERNMENT, EMPOWER
THEM, CREATE WEALTH AND
OPPORTUNITY AND DRIVE A TRUCK
RIGHT THROUGH THIS OUT OF THIS
RECESSION IF YOU STOP GETTING
GOVERNMENT IN THE WAY.
AGAIN THE INFLATION WAS CAUSED
BY GOVERNMENT ACTION.
THAT IS WHAT HAPPENED.
WE SAW IT.
YOU DUMPED TRILLIONS INTO THE
ECONOMY UNDER COVID.
FIRST OF ALL LET’S LEARN OUR
LESSON ABOUT COVID.
DON’T USE EMERGENCY POWERS TO
DESTROY THE GREATEST ECONOMY IN
THE HISTORY OF THE WORLD.
WE CAN SALVAGE THAT BUT REI AM
POWERING THE AMERICAN PEOPLE
GETTING GOVERNMENT OUT OF THE
WAY.
ABSOLUTELY ON TAXES, LAST YEAR
WE BROUGHT IN HOW MUCH, 4. X
TRILLION DOLLARS IN REVENUE
HIGHEST IN HISTORY?
WE HAVE REVENUE.
WE HAVE A MASSIVE SPENDING
PROBLEM.
WE HAVE TO GET OUR ARMS AROUND
IT.
THAT IS WHAT WE GOT COMMITMENT
TO DO.
THAT IS WHAT HOUSE CONSERVATIVES
ARE PUSHING ENTIRE CONFERENCE TO
DO.
CREDIT TO KEVIN AND WE’LL TAKE A
MESSAGE TO THE WHITE HOUSE THAT
IS VERY CLEAR.
LARRY: RECORD REVENUES, YOU’RE ABSOLUTELY RIGHT.
ABSOLUTELY RIGHT.
ITS OVER4 TRILLION.
20% OF GDP.
THERE IS NO ISSUE HERE ABOUT
DEFAULT AND ALL OF THAT.
I SAY YOU WANT TO DEAL WITH THE
RECESSION?
MAKE THE GOVERNMENT SECTOR
SMALLER AND THE PRIVATE SECTOR
LARGER.
I BELIEVE SOMEBODY ONCE CALLED
THAT FREE MARKET CAPITALISM.
HEAVIN -- HEAVEN FOREBID.
>> THAT IS EXACTLY RIGHT, LARRY.
WHAT THE AMERICAN PEOPLE WILL
SEE THROUGH ALL OF THIS, IF YOU
STOP SPENDING MONEY THAW DON’T
HAVE TO FUND BUREAUCRATS THAT
ARE DRIVING YOU CRAZY, WHETHER
THE FBI, WHETHER THE EPA,
WHETHER THE SEC, WHETHER LENA
KHAN AT FTC YOU WERE TALKING
ABOUT, FREE UP THE AMERICAN
PEOPLE TO DO THEIR JOB.
FREE UP ENERGY INDEPENDENCE,
STOP REGULATING THE AND FREE
INFRASTRUCTURE TO STOP SPENDING