00:00You know, I think it's one of the most important debates of our time, and this is a debate
00:12over whether or not a country can have $36 trillion in debt, whether we can have interest
00:17payments over a trillion dollars.
00:18I think it's an important debate to have.
00:21I don't make it personal at all.
00:22I like the president, supported the president.
00:24In fact, I'm for the tax cuts.
00:26I am for a lot of the bill.
00:29But I can't, in good conscience, give up every principle that I stand for and every
00:33principle that I was elected upon, and that's that we can't accumulate more debt.
00:38$2 trillion in debt this year is too much.
00:40If you're going to borrow $5 trillion, it means they're going to get to that limit within the
00:44next year or two.
00:45They're planning on spending $5 trillion they don't have, and I'm just not for that.
00:49But there is a way around all of this.
00:51They could get my vote, and I could vote for the package if they take out the debt ceiling
00:56and vote on that separately.
00:57Senator, he says that it's the largest increase in the debt ceiling ever, and they will say,
01:03well, it doesn't spend any money.
01:04It's not really adding to the debt.
01:06They will get to their $5 trillion limit.
01:09The question is sooner or later.
01:10But we're giving them the ability to borrow $5 trillion more.
01:13I'm not for borrowing $5 trillion more.
01:15I'm for borrowing a smaller amount over a shorter period of time.
01:19They have promised they're going to be better.
01:21At some point in time, they're going to change their ways, and they're going to begin lessening
01:25spending.
01:26My biggest concern is the permanence of a lot of the tax policy pieces to say, how do we
01:31actually look at things expiring, and what's the right date that they should expire, or
01:36should they expire at all?
01:37It's a lot better for individuals and small businesses when they're planning to be able
01:41to know for capital expenses and such that that's not going to expire in the future.
01:45So if they've got a capital expense, they've got a plan for six years from now, they can
01:48actually plan for that and not wonder what the tax policy will be when they get there.
01:52I think that's the biggest piece that we've got to be able to resolve.
01:54Medicaid.
01:55I can't really support cutting Medicaid, and there's millions, millions of Americans
01:59that depend on that.
02:01And that's one of the reasons why I can't vote for the big, beautiful bill.
02:06So what's fighting?
02:08What's fighting?
02:09I mean, voting no on that and just making interviews now and claiming that I think this
02:13is the wrong thing to do.
02:15There still may be things that the Senate needs to tweak.
02:19And it could include the way that Medicaid is manipulated by the states to get them more
02:26money than was originally designed under the Medicaid program.
02:31So I think the focus in the Senate is going to be whether we can adequately address our concerns
02:36about Medicaid.
02:38If we can, I think we can get the magic 50.
02:42And what do you make?
02:43We have to do our work in the Senate.
02:47But something always has to be in the back of everybody's minds.
02:51And that is that this bill only passed the House by one vote.
02:56And whatever changes we make, it's got to go back there for approval.
03:00Senators, July 4th is still a reasonable timetable to get this to the President's desk.
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