The Duke of Spendingburg Takes a Victory Lap on Giving Away Other People's Money

It was, what, $11 trillion then. He's got to be. He's got to be closing in on $16, $17 trillion that he's added to the debt now because look at, well, they just added $5 trillion in the big, beautiful bill. So he's got to be well up, maybe $20 trillion. I don't know. Anyway, so he's at this company, this First Gear Engineering and Technology in Fort Wayne, and he's promoting the Big, Beautiful Bill. What stood out to me is he's bragging about all of these special tax breaks that are in this bill. While that might sound good like, "Oh, we're helping so and so." Look, you cannot help...This is one of the things that infuriates me about what I call legalized vote buying that goes on in Washington. It goes on here in Indiana. By legalized vote buying, I mean working in the parameters of the law of the constitution. Our government takes money from somebody and gives it to somebody else because they want that person to vote for them. They want it to influence how the decision that person makes happens all the time. We call it legalized vote buying. Now, if you actually paid somebody cash for their vote, yeah, you go to prison, right? Well, you should, but you could. But in terms of using the government, it's fine. It's fair game. And so when you give a tax break to a select group of people, you tell whether it's an individual, a company, whoever, you don't have to pay taxes on whatever, somebody else is paying for it. But this infuriates me that these lawmakers nationally and locally are allowed to get away with this. When you say no tax on tips, no, someone else is getting taxed on those tips because you're not cutting spending. The only way a tax cut actually works is you offset it with spending cuts somewhere else because it's less revenue coming into the treasury or less revenue coming into the state. And we all know these people are not cutting spending to any significant degree. So when you say no tax on tips and you brag about that, or no tax on overtime, and you brag about that, why aren't you mentioning that one of two things that is going to happen or sometimes, well, it will eventually be both. One, you're printing money to offset those tax cuts. So things are going to be more expensive for me and for Jason and for you watching me right now. So you're going to pay more for somebody to not be taxed on tips. And a future generation who doesn't have a say in it, who doesn't have a vote in it, is going to pay that tab because daft. Friend of our show for years, the great Dr. Michael Munger, Duke economist, says this all the time, DAFT, deficits are future taxes. That money doesn't just get erased someday. Somebody has to pay it off. Future generations are going to have to pay that off. So when you brag, when you see these politicians, and I'm picking on Todd Young because he deserves to be picked on, but when you see these, all these politicians do this, I'm going to so-and-so and the so-and-so bill allowed them to buy X amount of blah, blah, blah. No, I allowed them to buy it, sir. The taxpayers allowed them to buy that. We have for some reason gotten it in our heads, or I don't know if we've gotten it in our heads, or we just, we just choose to put our heads in the sand. That's probably it. For some reason, we just choose to put our heads in the sand and say, well, if we just allow ourselves to defy all logic, then logic won't apply. We do this all the time with government. How many times over the years have I talked about, if you go meet with these people and you do the photo op, certainly if you pay them to go to these events, you're exacerbating the problem. I'm sorry. If you go to these events and you pay to see these people and you act like you've met some sort of celebrity because you got a photo with them, you are making the problem worse. These people need scrutiny. That's what they need. They need to be held accountable. Everybody should be treating Todd Young the way I do. Why? Because he's a senator. He's one of the 100 most powerful people, arguably, in the country. He's a United States Senator who has spent us into oblivion. We did the segment earlier about how much paper towels and gum was. You know why? Thanks to people like Todd Young, who just turned the printing press on and go brrrrrr, that's what he does. That's what these politicians do. They screw you. Then they go to some individual group who got something out of their screwing of you. They go, look at what I did. No. Look at what other people are going to pay for. That's how it should be worded. Look at what future generations are going to pay for. Todd Young may not give a damn about my daughter, but I do. Todd Young may not give a damn about her having to pay for his decisions, but I do. I care about that. The same thing is true on a local level. Look at how the state, just last year, the state told you there's no money to help you with property taxes. Remember that? That was one of their proposals. Hey, if you're concerned about local government state losing money, then the state can backfill some of these property tax cuts. No, no, no, no. We can't do that. There's no money. Remember they said, oh, no, no, no. There's no money. No money to the point they had to raise taxes by a billion dollars last year in Indiana to fund the budget. Well, what'd they do this year? The state cost the state treasury hundreds and hundreds of millions of dollars by enacting a bunch of Trump's tax cuts on a state level. When a federal piece of legislation comes in as it relates to taxes, that's for your federal tax return. The state doesn't have to match that. Your state tax return can be different from your federal tax return. The state of Indiana with the no tax on tips, the overtime, that sort of stuff, they put that into law. They had every opportunity last year to take those hundreds of millions of dollars they're now willing to lose in the legalized vote buying game. I'm trying to get people to go look at what we're giving you and help everyone. You realize that? The money they just are giving away now to select people on the no tax on tips, overtime, that stuff, they could have given it to all of us last year with property taxes. They could have said, you know what, you're right. We're going to require big changes from local governments and how they operate. We're not going to allow them to bail themselves out with new tax increases. In the interim, until local governments can get their feet under them and get back to some level of sanity and how they're spending money, we will backfill for a year or two some of those quote unquote losses or funding decreases. Then hey, local governments, you got two years to plan for this. We're going to help you out. Then you're on your own Reasonable what we asked for. Nope, no money for that, but just like that. Hey, Trump said he wants this. We're going to give it to him. This is our government where it just picks winners and losers. And when you hand them an opportunity for everyone to win, not only they not take it, they flush it down the toilet. Government is in the game of rewarding people who help them. That's what it's all about. The government exists. These politicians exist to exist. They exist to stay in power. They exist for that power to grow. And so in the case of Todd Young, knowing to this company and bragging about all the things that they're able to do, because they're able to do it, because of the big, beautiful bill. My response to that would be what about my kid? When she has to pay that tab, Todd Young, you can come visit her and tell her what a great deal that was for her? What about me when I go to the grocery store and everything costs more for me now because of the five trillion you added to that deal? Do I get some free product from that company you went and visited because I'm paying for it? There's nothing noble about taking money from somebody and giving it to someone else. Government is not a charity. It's not philanthropic. It's the mafia. It shakes you down. It takes your money by force. It's like the Black hand in the Godfather. That's who they are. The government is the Black Hand in the Godfather. They want you to think they've done something noble for you when all they've done is steal from somebody else, either the people now or future generations. When I see guys like Todd Young go on these little tours of these places and look at what we did. Look at how we helped you. Now, all you've done, Todd Young, is you've screwed people over. You've spent us into oblivion. There's nothing noble about you. There's nothing great about you. I'm so happy. This is one of the things I love about having this platform again now, because I know all these politicians, many of them, they were doing victory laps. I was hearing about it from people. These politicians still can't fathom. After all these years of me getting information, being first, being right, I have people all over the place. When you guys talk to people, there's a big chance they're my fan. They repeat the stuff you say. Now, they'll never say it to your face because they want something. Maybe it's to hang on to their job. Maybe it's some government contract. But when you talk, if you're talking in a room, unless it's to your best friend, they're probably talking back to me. I know what you guys say. I know the victory lap that so many of you took about a month and a half ago. Thinking, "Oh, it's all over for him." Really? You guys never heard of this thing called the internet? You guys, see, this is the thing about the politicians because they don't have bonds with people. They're all transactional. Everything a politician does, they don't understand connection because they don't have it. Because every relationship they're in is transactional. What can you do for me? I know, what can I do for you in return? There's no ideological connection. There's nothing that holds them to anything other than power and power and money. This is the perfect way for us to be able to communicate every single day. And they don't get it. They don't understand. They don't understand what it's about, what we're doing here together. They don't understand why you watch. They don't understand why you are drawn to what we do. Because you and me, we're the same. I've heard that from so many people over the years. You say the things I think and I just wish I could say them. That's what I do. Everybody has their own talents. They have their own thing that make them unique. They have their own thing that make them special. And it's taken me a long time to figure out what mine is. I've gone all over the place. Different jobs, different careers, different things. This is going to be my thing. This is my thing. I don't care. And I say the things that other people think. And I'm willing to take ramifications for saying the things that other people think and they can't say. That's my talent. That's it. That's what I do. I do it different and better than anybody else. Every person has their own talent. We talked a lot on Facebook and Twitter videos about the thumbprint, right? The thing that makes you unique. You all have that. You all have talents that I don't. Jason, he's great at understanding buttons. Things that I'm like, "What does that even say?" I don't know. He's like, "Don't worry about it. Get out of my way." Every person has their own thing. And your thing, find it. If you haven't found it yet, you will someday. But never think in your life that your individual life isn't incredibly special and that you don't have the ability to make a difference and that you have value. And if you haven't found it yet, keep going because you will. Don't ever accept just existing. Don't ever exist just to exist. Don't ever just mark time. No matter how old you are, what stage of life you're in, you have the ability to make a difference. You have the ability to have a voice. You have the ability to enact change. You have the ability to leave a legacy. And so that's what we're kind of doing here, right? We're furthering the bond. My thing that I do. My thing that I do. And we get to do it together and that is freaking awesome.