♪.
LARRY: SAVE AMERICA, BALANCE THE
BUDGET.
THAT IS THE WAY TO GET STRONG
GROWTH, LOW INFLATION, HERE TO
TALK ABOUT IT, ANOTHER OF MY
FAVORITE COLLEAGUES, MICK
MULVANEY.
FORMER OMB DIRECTOR, FORMER
WHITE HOUSE CHIEF OF STAFF.
MICK, WELCOME BACK.
GREAT TO SEE YOU HERE.
>> GREAT TO BE HERE LIVE IN
PERSON.
FIRST TIME WE’VE DONE IT IN TWO
YEARS.
LARRY: COULD BE.
SO LOOK IT, WASTEFUL SPENDING IS
A BIG CAUSE OF INFLATION AND
THEY’RE STILL DOING IT.
THEY FOUND OUT $165 BILLION OF
UNEMPLOYMENT BENEFITS, NOBODY
KNOWS WHERE IT WENT.
FRAUDSTERS HAVE IT.
MILITARY AID TO UKRAINE, GREAT
IDEA, NO ONE IS MONITORING IT.
NO PAY-FORS.
PAY-FOR IS LIKE A DIRTY WORD IN
WASHINGTON.
I THINK IT IS TIME, ROUSE VOGT
IS TALKING ABOUT IT, YOUR FORMER
DEPUTY, NEWT, I AND OTHERS TO
TALK ABOUT A BALANCERRED BUDGET,
PRO-GROWTH BALANCED BUDGET, TAX
REFORM BALANCED BUDGET BUT TAX
CUTTING BALANCED BUDGET.
>> WE HAVE TO GET THAT MAN TELL
BACK.
WE HAVE TO BE PARTY OF FISCAL
RESPONSIBILITY.
OVER THE LAST DECADE.
REPUBLICANS LIKE TO SPEND MONEY.
EASIER TO SPEND MONEY THAN SAY
NO.
THE NUMBERS YOU RELATED OFF ARE
REAL.
WE HAVEN’T STARTED TO TALK ABOUT
WHAT IT MIGHT COST TO REBUILD
UKRAINE.
WE SPENT $40 BILLION TO HELP
THEM DEFEND THEMSELVES.
I’VE SEEN NUMBERS OF HALF A
TRILLION DOLLARS BEFORE THE WAR
IS EVEN FINISHED.
WITH INFLATION, MORE WE RUN THE
PRESS MORE WE GOT INFLATION.
YOU AND I HOPE ONE THING COMES
OUT OF TRUMP ADMINISTRATION, THE
WAY HISTORY LOOKS BACK ON
ECONOMIC POLICY IT WAS
SUPPLY-SIDE ECONMICS WORKS.
YOU CAN HAVE GROWTH, YOU CAN
HAVE WAGE INCREASES, CAN HAVE
ALL OF THAT WITHOUT INFLATION.
LARRY: DID YOU TELL ME, I DIDN’T
SEE THIS STORY, THE
CONGRESSIONAL BUDGET OFFICE IS
NOW SAYING LOWER TAXES WOULD
HELP THE ECONOMY AND HIGHER
TAXES WOULD DAMAGE THE ECONOMY?
>> YEAH THEY --
LARRY: CBO SAID THIS?
>> CBOI YOU AND I HAVE BEEN
CRITICAL IN THE PAST.
METHODOLOGIES ARE CRITICAL.
LOOK THIS IS REAL PROBLEM.
THEY LOOKED AT TWO OPTIONS.
CAN WE SOLVE THE PROBLEM BY
RAISING TAXES OR CAN WE SOLVE
THE PROBLEM BY REDUCING SPENDING
INCLUDING BENEFITS MEDICARE AND
SOCIAL SECURITY.
ONE OF THE CONCLUSIONS THEY DREW
WAS, RAISING TAXES WILL
PERMANENT MENTORLY SHRINK THE
ECONOMY TO LEAD TO LOWER
STANDARD OF LIVING.
LARRY: YOU SURE THAT WAS THE
CBO?
>> IT WAS STUCK IN MY MIND.
LARRY: YOU SAID THE CBO WORKFARE
IS AN IMPORTANT INGREDIENT IN
GROWTH?
>> IF YOU LESSEN GOVERNMENT
BENEFITS PEOPLE WORK MORE, WORK
LONGER, THEY WILL GROW THE
ECONOMY.
SOUNDS FAMILIAR, DOESN’T IT.
LARRY: SO LOOK IT, REALLY IN
TERMS OF THIS BALANCED BUDGET
PROJECT THOSE ARE THE
PRINCIPLES.
WE SHOULD HAVE PERMANENT, TRUMP
TRACKS REFORM SHOULD BE MADE
PERMANENT.
>> YEP.
LARRY: WE’VE GOT TO GO AFTER
DOMESTIC SPENDING.
WE’VE GOT TO REINSTITUTE
WORKFARE TO REINSTITUTE GINGRICH
CLINTON STUFF IN THE MID ’90s.
WE HAVE TO REGULATE AND PROMOTE
THE PRODUCTION OF OIL AND GAS,
ENERGY AND SO FORTH.
GROWTH AND LIMITED GOVERNMENT
EQUALS A BALANCED BUDGET.
>> THE BEAUTY OF IT WE PROVED IT
CAN WORK.
WE PROVED ALL POLICIES HAVE TO
WORK.
WE HAVE TO DO, IN ADDITION UNDER
TRUMP, GET SPENDING UNDER
CONTROL.
REPUBLICANS IN THE HOUSE AND
SENATE TO HELP US WITH IT.
LARRY: THE CALVARY IS COMING THE
QUESTION IS, DO THEY GET THIS?
HERE IS ITEM ONE.
THERE IS 350 BILLION-DOLLAR
BILL, CALLED COMPETE WITH CHINA.
IT DOES NO SUCH CHING.
IT OUTCHINA CHINA’S CENTRAL
PLANNING.
18 REPUBLICAN SENATORS VOTED FOR
IT.
EVERY TIME I SAY SOMETHING ON
THE AIR THEY GET VERY CROSS WITH
ME.
THAT IS THE KIND OF STUFF HAS
GOT TO STOP.
>> IT DOES.
YOU HAVE TO STOP WITH
$350 BILLION BILLS.
IT WILL SPEND 20% ON WHAT THEY
SAY SPENDS MONEY ON, 80% ON
OTHER STUFF.
USE IT AS WAYS TO GET APPROVED.
$40 BILLION INCLUDED BUNCH OF
MONEY THAT WASN’T FOR UKRAINE.
ONE OF THE REALLY BIG COVID
BILLS WE DID, LESS THAN 10% WAS
SPENT ON COVID ITSELF.
THESE HUGE BILLS HAVE GOT TO
STOP.
IT IS GATEWAY DRUGS TO MORE
SPENDING.
LARRY: COME ON THE RADIO THIS
WEEKEND?
>> HAVE I EVER TURNED YOU DOWN?
LARRY: DO 25 MINUTES FULL BORE.
BUDGET BILL.
>> DO THE MATH, DO THE MATH