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[00:00:00] In a shocking victory this week, Donald [00:00:02] Trump signed what he is calling the big [00:00:04] beautiful bill. There's been a lot of [00:00:07] fighting online about whether or not [00:00:09] this is a good thing. I'm going to be [00:00:11] explaining what the bill is and why [00:00:14] everyone is fighting about it. [00:00:17] [Music] [00:00:32] When Donald Trump took office, he made [00:00:35] it clear that his first legislative [00:00:37] priority was to pass the big beautiful [00:00:40] bill. If we pass the, as I call it, the [00:00:43] big beautiful bill. Yeah. You know, [00:00:44] we're talking about one bill. Yes. We're [00:00:46] talking, as you remember, it was a [00:00:48] debate on should we do one big one or [00:00:50] should we do three or four or two? And [00:00:53] we're doing it in one bill, which I [00:00:54] thought was much more beautiful because [00:00:57] it's everything. It's everything. It's [00:01:00] tax cuts. It's regulation cuts. It's [00:01:02] things that you wouldn't believe. Lots [00:01:04] of, you know, big. It's big. And we get [00:01:08] that done. It's beautiful. For Donald [00:01:10] Trump to actually accomplish this [00:01:12] massive legislation and get it signed on [00:01:14] July 4th is huge. He's only been in [00:01:17] office 6 months. Just as a comparison, [00:01:21] when Obama took office and passed [00:01:23] Obamacare, it took him over a year. So, [00:01:27] it is absolutely amazing that Donald [00:01:29] Trump was able to get everyone to fall [00:01:31] in line so quickly. But the bill has not [00:01:34] been without controversy. Donald Trump's [00:01:37] biggest critic has been Elon Musk. Elon [00:01:40] first announced his displeasure with the [00:01:42] bill during a television interview. So, [00:01:45] it's like there's I mean, I agree with [00:01:48] much of what the administration does, [00:01:49] but we have differences of opinion. Musk [00:01:51] claims to have saved the government 175 [00:01:54] billion so far, nowhere close to his [00:01:57] original target or even his revised [00:01:59] target, and that was before the [00:02:01] president's new spending bill passed the [00:02:03] House. According to the Congressional [00:02:05] Budget Office, it will add $3.8 trillion [00:02:10] to our debt over the next 10 years. You [00:02:12] know, I was like, disappointed to see [00:02:15] the massive spending bill frankly uh [00:02:19] which increases the budget deficit not [00:02:21] doesn't decrease it and undermines the [00:02:24] work that the Doge team is doing. I [00:02:25] actually thought that when this big [00:02:27] beautiful bill came along I mean like [00:02:29] everything he's done on Doge gets wiped [00:02:31] out in the first year. I think I think a [00:02:34] bill can be can be can be big or it can [00:02:36] be beautiful but I don't know if it [00:02:38] could be both. my personal opinion. [00:02:41] Within 24 hours, Musk announced that his [00:02:44] time in the Trump administration was [00:02:46] officially over. Let me just point out [00:02:49] something here. Elon Musk says something [00:02:52] cannot be both big and beautiful. He [00:02:56] says this because it makes for a good [00:02:58] headline, but it's just not true. [00:03:02] Has he ever been to the Grand Canyon? It [00:03:06] is both big and beautiful. What about [00:03:09] the pyramid of Giza? Big and beautiful. [00:03:13] If you have ever seen any of the [00:03:15] buildings in Washington DC, they are [00:03:18] also big and beautiful. [00:03:21] And doesn't Elon Musk operate a company [00:03:24] called SpaceX that has rockets that are [00:03:27] big and beautiful. [00:03:29] Of course, things can be big and [00:03:31] beautiful. And when they are, they are [00:03:33] often amazing. Since Elon Musk left the [00:03:37] White House, he has ramped up his [00:03:38] statements on X.com. [00:03:41] Even this week, he posted this tweet [00:03:43] that says, "Every member of Congress who [00:03:46] campaigned on reducing government [00:03:47] spending and then immediately voted for [00:03:49] the biggest debt increase in history [00:03:51] should hang their head in shame, and [00:03:53] they will lose their primary next year [00:03:55] if it is the last thing I do on this [00:03:58] earth." He then posted this. If this [00:04:01] insane spending bill passes, the America [00:04:04] Party will be formed the next day. Our [00:04:07] country needs an alternative to the [00:04:08] Democrat Republican unarty so that the [00:04:11] people actually have a voice. I find it [00:04:14] a little obnoxious that someone who was [00:04:16] not born in this country is going to [00:04:18] form the America Party. Elon Musk has [00:04:21] made many posts viciously attacking [00:04:24] Trump, including this one. Time to drop [00:04:27] the really big bomb. Real Donald Trump [00:04:30] is in the Epstein files. That is the [00:04:32] real reason they have not been made [00:04:34] public. Have a nice day, Donald J. [00:04:37] Trump. Elon Musk has since deleted this [00:04:40] post. I have to also say I do not think [00:04:44] Donald Trump is in the Jeffrey Epstein [00:04:46] files. If there was any shred of [00:04:48] evidence against Donald Trump, the [00:04:51] Democrats would have already used it. I [00:04:53] don't think this is true at all. I think [00:04:55] Elon Musk posted it simply because he [00:04:58] knew it would go viral. I want you to [00:05:00] realize how unhinged Elon Musk's [00:05:03] behavior is. [00:05:05] Imagine you work at a company and your [00:05:07] boss has a project he is working on that [00:05:09] is his number one priority and then you [00:05:12] go on national news and bash his [00:05:16] project. [00:05:17] That is extremely unhinged behavior. [00:05:21] It is one thing to disagree with your [00:05:23] boss, but to go on the news and bash him [00:05:26] is a whole other level. All this [00:05:29] happened at the end of May. We are over [00:05:32] a month later and Elon Musk is still [00:05:35] posting about the bill on X.com. [00:05:38] This seems crazy to me. He left the [00:05:41] government a month ago. Why is he even [00:05:44] still worrying about it? Why doesn't he [00:05:46] just focus on his businesses? Not only [00:05:49] that, but all his businesses are heavily [00:05:52] dependent on government subsidies. [00:05:55] Why is he making it his mission in life [00:05:57] to antagonize the president of the [00:06:00] United States? I feel like he has lost [00:06:03] his mind. [00:06:05] Now, I'm the first to admit that Elon [00:06:07] Musk has done some good things with his [00:06:09] short time at Doge, but I'm not sure we [00:06:12] should be believing what he says when it [00:06:14] comes to this bill. Then there are the [00:06:17] rumors of drug use. Just after Elon's [00:06:20] interview, the New York Times published [00:06:22] an article claiming Mr. Musk's drug [00:06:24] consumption went well beyond occasional [00:06:26] use. He told people he was taking so [00:06:29] much ketamine, a powerful anesthetic, [00:06:31] that it was affecting his bladder, a [00:06:33] known effect of chronic use. He took [00:06:36] ecstasy and psychedelic mushrooms. and [00:06:39] he traveled with a daily medication box [00:06:40] that held about 20 pills, including ones [00:06:43] with the markings of the stimulant [00:06:45] Aderall, according to a photo of the box [00:06:48] and people who have seen it. Now, this [00:06:50] is the New York Times, so we have to [00:06:52] take the reporting with a grain of salt. [00:06:55] But other news outlets have continued to [00:06:56] report on the story, including The [00:06:58] Guardian, The Daily Beast, New York [00:07:00] Magazine's Intelligencer, and Yahoo [00:07:02] News. Elon Musk then posted a drug test [00:07:05] on X.com showing that he had no signs of [00:07:08] drugs in his body. Now, I want you to [00:07:10] put your detective hats on to see if you [00:07:12] notice anything strange about these test [00:07:15] results. The urine for the test was [00:07:17] collected on June 11th, 2025. The New [00:07:20] York Times article was released on May [00:07:22] 30th, 2025. [00:07:25] There were 12 days between when the drug [00:07:27] allegations came out and when Elon Musk [00:07:30] took a drug test. It takes 10 days for [00:07:34] drugs to leave your system. This drug [00:07:37] test actually does not prove anything at [00:07:40] all. In fact, it raises the question, [00:07:44] why did he not take the test immediately [00:07:46] when the article came out? Doesn't that [00:07:49] seem a little suspicious? But it gets [00:07:52] even more strange. On Elon Musk's final [00:07:55] day at the White House, he did a press [00:07:56] interview with Donald Trump. He was [00:07:58] asked about the New York Times. [00:08:01] There is a New York Times report today [00:08:03] that accuses you of blurring between is [00:08:06] the New York is New York Times is that [00:08:07] the same publication uh that uh got a [00:08:10] Puliter prize for uh false reporting on [00:08:13] on the Russia gate? Uh is it the same [00:08:16] organization? I got to check my bullet. [00:08:20] It is. Phil, I I think they I think the [00:08:22] judge just ruled against New York Times [00:08:24] for the their lies about the Russia gate [00:08:27] hoax and that they might have to give [00:08:29] back that fluid surprise that New York [00:08:31] Times. Let's move on. Okay, then next [00:08:33] question. I got one. I got one for This [00:08:36] seems very bizarre to me. Why wouldn't [00:08:38] he just take the opportunity to address [00:08:41] the rumors? If they weren't true, [00:08:44] wouldn't it have been easier to just [00:08:45] say, "No, I am not taking drugs." [00:08:50] Why didn't he say that? This is the same [00:08:53] press conference where Elon Musk showed [00:08:55] up with a black eye. What I wanted to [00:08:58] ask quickly, Mr. Musk, what is your eye [00:09:00] okay? What happened to your eye? I [00:09:01] noticed there was a bruise there. Yeah. [00:09:03] No, I was just horsing around with [00:09:04] little X and I said, "Uh, go ahead. [00:09:06] Punch me in the face." And he did. Turns [00:09:08] out you had a 5-year-old punching you in [00:09:09] the in the face. Actually, this No, was [00:09:11] X that did X could do it. If your new X [00:09:15] right now, little X. [00:09:18] Do you know how small Little X is? Am I [00:09:22] the only person who thinks this sounds [00:09:24] like a bunch of baloney? Just in [00:09:27] general, Elon Musk does not look well. [00:09:30] He looks very haggarded and run down. [00:09:34] You can compare photos of him from [00:09:36] before working in the White House and [00:09:38] after. In my opinion, he looks like a [00:09:42] drug addict. Now, for the record, I do [00:09:44] not know for sure if Elon Musk does or [00:09:47] does not use drugs, but Elon Musk's [00:09:50] pattern of behavior matches what you [00:09:51] would expect for a drug addict, [00:09:54] especially when you realize that Donald [00:09:56] Trump hates drugs. [00:09:59] Donald Trump's brother died of [00:10:00] alcoholism and he has never forgotten [00:10:03] that. Donald Trump does not drink, he [00:10:06] does not smoke, and he does not use [00:10:07] drugs. He hates drugs. I know. I was [00:10:11] tracking some Trump phone calls on [00:10:15] Monday night when in one of these phone [00:10:18] calls or many of them um um he was on [00:10:21] about you know you know you know how [00:10:23] many drugs he takes you know you know he [00:10:24] takes drugs all the time you you know [00:10:27] that don't you um you know the New York [00:10:29] Times wrote about it they said he takes [00:10:31] drugs and then and then he went on to [00:10:33] say say um you know actually actually we [00:10:37] dropped a dime to the New York Times on [00:10:39] Elon for taking on on Elon 's drug [00:10:41] taking. He says that to people. So they [00:10:44] were the source of the story in the New [00:10:46] York Times about Elon. Well, we have no [00:10:47] idea. He is just claiming credit for [00:10:49] that now, right? Cuz he senses he he [00:10:53] wants to be behind that particular [00:10:54] narrative. Well, he wants to be be [00:10:55] behind every everything and that's a [00:10:57] helpful that's a helpful narrative to [00:11:00] him, right? Um and and it kind of then [00:11:03] he went on to say we we investigated [00:11:05] him. Um, so, so this is that so he will [00:11:09] now use everything to paint Elon into as [00:11:12] as the bad guy. I mean, he's deporting [00:11:15] Elon. Well, he's saying he might deport [00:11:17] Elon, right? But so, in my opinion, what [00:11:19] I think happened was Elon Musk was doing [00:11:22] drugs in the White House. Donald Trump [00:11:24] probably found out about it and he [00:11:26] forced him out. [00:11:29] Now, if you know anything about drug [00:11:30] addicts, when you try to take away their [00:11:33] drugs, they flip out in a lot of the [00:11:36] same ways that Elon Musk has been [00:11:38] flipping out over Trump. Again, this is [00:11:42] just my opinion, but it seems to me to [00:11:45] be the typical behavior you see in drug [00:11:47] addicts. Why am I bringing this up? [00:11:51] Because there are all these news stories [00:11:53] floating around about the big beautiful [00:11:55] bill and people are trying to figure out [00:11:57] what to think about it all. It is [00:12:00] important to realize that the person [00:12:02] leading the attacks against the big [00:12:04] beautiful bill could be motivated by [00:12:07] something completely different from the [00:12:09] legislation. [00:12:11] Elon Musk could just be a drug addict. [00:12:15] Something else to remember about Elon [00:12:16] Musk, he has never worked in government [00:12:19] before. [00:12:21] Now I have worked in both the private [00:12:23] sector and in the government and I can [00:12:25] tell you that it is a culture shock when [00:12:28] you start working in the government. [00:12:30] When you see how a bill is put together, [00:12:33] it is unpleasant. [00:12:35] Nobody ends up getting what they want, [00:12:37] but the result is something that [00:12:38] everyone can live with. That is the [00:12:40] political process. I am betting this has [00:12:43] been hard for Elon Musk to adjust. [00:12:46] Donald Trump, on the other hand, has a [00:12:48] lot of experience working in the [00:12:50] government. Elon Musk doesn't know what [00:12:53] he's talking about. Something else you [00:12:56] should know about Elon Musk. He cheats [00:12:59] at video games. He told Joe Rogan that [00:13:02] he was in the top 20 Diablo I gamers in [00:13:05] the world. You in Are you in the top 20 [00:13:07] in the world? The top 20? Wow. In [00:13:09] Diablo. Yeah. Yeah. Yeah. There's only [00:13:12] There's only two Americans in the top [00:13:13] 20. uh the the rest almost everyone is [00:13:16] from Asia otherwise. I find this really [00:13:18] hard to believe. How is he running all [00:13:21] these companies and somehow has the time [00:13:24] required to become a top 20 gamer? Just [00:13:27] from a practical standpoint, the amount [00:13:29] of hours you have to put in to become a [00:13:32] top 20 gamer is enormous. How does a CEO [00:13:36] have that much free time? I have good [00:13:39] reason to doubt this claim because this [00:13:42] year Elon Musk admitted to cheating at [00:13:45] another game called Path of Exile 2. [00:13:48] This came after people noticed his gamer [00:13:50] account was leveling during Donald [00:13:52] Trump's inauguration. [00:13:54] How is it possible for Elon Musk to play [00:13:57] a video game while he is sitting at the [00:13:59] inauguration? [00:14:01] It is not. He is a cheater. He is paying [00:14:05] someone else to play his game under his [00:14:07] account to increase his ranking. I find [00:14:10] this a huge red flag about his ethics. [00:14:14] What kind of person cheats on a video [00:14:16] game? It sounds to me like he's a [00:14:19] compulsive liar. So, we have the big [00:14:22] beautiful bill. On one side, we have [00:14:25] Donald Trump who took a bullet for us. [00:14:28] He is telling us that this is his [00:14:29] priority and he is championing the bill. [00:14:33] On the other side, we have Elon Musk, [00:14:35] who's potentially a drug addict. He has [00:14:38] no experience in government and he [00:14:40] cheats on video games. Now, just from [00:14:42] this sideby-side comparison, who do you [00:14:45] think has more credibility? [00:14:48] Personally, I agree with Donald Trump [00:14:51] and I think this is a good bill. Now, if [00:14:54] you watch my channel, you know I don't [00:14:56] just agree with everything Donald Trump [00:14:58] does. In fact, I have criticized him [00:15:00] when I think he's doing something wrong. [00:15:02] But this bill does some really good [00:15:05] things. The whole point of the bill is [00:15:08] to permanently extend the Trump tax [00:15:10] cuts. During Trump's first term, he gave [00:15:13] everyone tax cuts that we've been [00:15:15] enjoying ever since. These tax cuts [00:15:17] expire at the end of this year. That [00:15:21] means unless this bill passes, your [00:15:24] taxes will skyrocket in 6 months. [00:15:28] Some estimates show a 22% tax increase [00:15:31] for American families. That is massive. [00:15:35] I don't think most people understand how [00:15:38] important this is. If this bill does not [00:15:40] go into effect, it is devastating for [00:15:43] your money. This has become a big, [00:15:46] beautiful bill because Donald Trump has [00:15:49] included other important priorities. [00:15:51] This includes tax promises like no tax [00:15:54] on tips. It also includes an enormous [00:15:56] amount of money to complete the border [00:15:58] wall and fix immigration. These are huge [00:16:02] things that people need. Is the bill [00:16:04] perfect? Of course not. But when you are [00:16:07] deciding whether to support legislation, [00:16:09] you need to assess whether it [00:16:11] accomplishes your priorities. If this [00:16:13] bill can accomplish tax cuts, no tax on [00:16:16] tips, and a border wall, then this is a [00:16:19] good bill. Some of the biggest [00:16:21] criticisms of the bill are that [00:16:23] originally it included reduced [00:16:24] regulations for firearms and all of this [00:16:27] has been removed from the bill. I [00:16:30] understand the frustration over this. I [00:16:33] support having more gun rights as well, [00:16:35] but I see this as part of the [00:16:37] negotiation process in drafting the [00:16:38] bill. Just because we're not going to [00:16:41] make this into a bill about gun rights [00:16:43] does not mean we should not pass the [00:16:45] bill. Guns are important, but it's also [00:16:49] important that we get a border wall. The [00:16:52] Democrats are the most upset about [00:16:54] reforms to Medicaid and the food stamp [00:16:56] program called SNAP. I think this is one [00:16:58] of the saddest days uh in modern [00:17:01] American history. This is the largest [00:17:04] withdrawal and ending of healthcare in [00:17:07] American history. [00:17:09] 17 million people in our country, 17 [00:17:12] million Americans in our country are [00:17:15] going to lose their Medicaid. They're [00:17:17] going to lose their ACA insurance. [00:17:21] Small business owners are going to have [00:17:23] their health care costs skyrocket [00:17:26] and [00:17:28] people are going to have their SNAP and [00:17:30] wick cut back. People are going to go [00:17:32] hungry. The Republicans wanted more ways [00:17:34] to go after people for waste, fraud, and [00:17:36] abuse in these programs. For instance, [00:17:39] if you're a young person on food stamps, [00:17:41] you need to be looking for work. The [00:17:43] Democrats, of course, do not want to [00:17:44] allow any restrictions for getting [00:17:46] government programs. [00:17:48] I think these are more silly arguments [00:17:50] from the Democrats. [00:17:52] Here's Republican Senator Joanie Ernst [00:17:55] at a town hall where Democrats are [00:17:57] shouting at her that people are going to [00:17:58] lose their healthcare and they are going [00:18:00] to die. So we people are not well we all [00:18:06] are going to die. [00:18:11] Why are Republicans so bad at explaining [00:18:14] their ideas? This was not the best way [00:18:17] to word things. But she's obviously [00:18:19] frustrated because Republicans are not [00:18:21] taking away people's health care. They [00:18:24] are fighting waste, fraud, and abuse. If [00:18:27] there's a young person with no [00:18:29] disabilities sitting at home on their [00:18:31] couch taking government welfare, someone [00:18:33] needs to go tell them to get off their [00:18:35] butt and go get a job. I feel like [00:18:39] someone needs to be the grown-up in the [00:18:40] room. If there are people who should not [00:18:43] be on government welfare, we should be [00:18:45] able to take them off. That way, we can [00:18:48] protect these programs from the people [00:18:50] who really need it, like people in [00:18:52] retirement. People are also upset that [00:18:54] the big beautiful bill raises the debt [00:18:57] limit. This is a procedural issue we go [00:18:59] through every year where the government [00:19:01] almost gets shut down if the debt limit [00:19:03] does not get raised. The budget for [00:19:06] government spending is already set by [00:19:08] law, but we cannot pay for it without [00:19:10] the increase in the debt limit. If this [00:19:13] bill does not go into effect, the US [00:19:15] could run out of money in August. I [00:19:18] agree that the US needs to reduce its [00:19:20] spending. But let me explain why I'm not [00:19:23] as worried about this as other people. [00:19:25] The US budget projections are created by [00:19:27] a group called the Congressional Budget [00:19:29] Office or CBO. [00:19:31] There has not been a single staffer in [00:19:34] the entire Congressional Budget Office [00:19:36] that has contributed to a Republican [00:19:38] since the year 2000. Also point out, I [00:19:41] don't think many people know this, there [00:19:42] hasn't been a single staffer in the [00:19:45] entire Congressional Budget Office that [00:19:47] has contributed to a Republican since [00:19:49] the year 2000. But guess what? There [00:19:51] have been many staffers within the [00:19:53] Congressional Budget Office who have [00:19:54] contributed to Democrat candidates and [00:19:56] politicians every single cycle since. So [00:19:59] unfortunately, this is an institution in [00:20:02] our country that has become partisan and [00:20:03] political. And we are very confident in [00:20:06] our own economic analyses of this bill. [00:20:08] There is $1.6 trillion in savings. And [00:20:11] our office of management and budget [00:20:13] director, Russ, is a fiscal hawk. He is [00:20:15] well known in this city for being a [00:20:17] wellrespected fiscal hawk. He has tools [00:20:20] at his disposal to produce even uh more [00:20:22] savings. And as you know, the White [00:20:24] House will be sending our recisions [00:20:26] package to Capitol Hill today. While the [00:20:28] CBO is mandated by law to be [00:20:30] nonpartisan, these facts suggest that it [00:20:33] has become a Democrat-leaning [00:20:35] organization. [00:20:37] This is a problem because they are the [00:20:39] ones generating the numbers. So, here's [00:20:42] what happens. The CBO predicts that [00:20:45] costs will go up, but they do not [00:20:47] account for Trump's new revenues taking [00:20:49] effect. Things like all the new revenues [00:20:51] from Trump's tariffs or new revenues [00:20:54] from Trump's new gold card for legal [00:20:56] immigrants or if Trump reduces waste, [00:20:59] fraud, and abuse in government welfare [00:21:00] programs, there will be even more money. [00:21:03] Here's a chart from the CBO with their [00:21:05] 2020 long-term forecast. You can see [00:21:09] that revenues stay flat, but they have [00:21:11] spending skyrocket. Here's the latest [00:21:15] 2025 long-term forecast. This is a [00:21:18] massive change with spending going from [00:21:21] 31.2% of GDP to only 26.6% [00:21:25] of GDP. [00:21:27] I want to know who is making these [00:21:29] forecasts because they seem to be all [00:21:32] over the place. [00:21:34] Even if we accept this forecast as [00:21:36] legitimate, if we compare the forecast [00:21:38] from 5 years ago with the forecast from [00:21:40] 2025, it is trending in the right [00:21:43] direction. But hold on, there's more. [00:21:48] You need to realize that these forecasts [00:21:50] are based on assumptions. If we break [00:21:53] down the spending, we see that the [00:21:54] majority comes from welfare programs [00:21:56] like Social Security and health [00:21:58] entitlements. Well, if Trump is [00:22:00] successful in reducing the amount of [00:22:02] illegal immigrants on welfare and [00:22:04] reducing waste fraud and abuse, these [00:22:06] numbers will be lower. Then on top of [00:22:09] this, we need to account for all of [00:22:11] Trump's new revenues the CBO is not [00:22:14] including. So the CBO is saying we're [00:22:17] not going to have enough money, but we [00:22:19] might actually be fine. Here is just one [00:22:22] example that Donald Trump posted on True [00:22:24] Social. [00:22:26] Shockingly, the Democratc controlled CBO [00:22:28] just announced that the tariffs will be [00:22:30] reducing the deficit by at least $2.8 [00:22:33] trillion. [00:22:35] Too bad this information couldn't have [00:22:36] been released earlier. It would have [00:22:38] kept people from knowingly saying [00:22:40] untruths. [00:22:41] $2.8 trillion. [00:22:45] That's a lot of money that is not [00:22:47] included in the CBO forecast. [00:22:50] Then there was this interview by [00:22:52] Treasury Secretary Scott Bent. and we're [00:22:54] just trying to get the levels back to [00:22:56] where we were precoid, which I don't [00:22:58] think anybody disagrees with. Elon Musk [00:23:01] uh says this, it's obvious with this [00:23:03] insane spending bill increases the debt [00:23:05] ceiling by 5 trillion. We live in a one [00:23:07] party country, the Porky Pig Party, time [00:23:10] for a new political party that actually [00:23:11] cares about the people. And he's [00:23:13] probably going to start one if this [00:23:14] passes. What's your reaction? You guys [00:23:16] famously tangled uh in the White House. [00:23:19] Uh I I uh admire Elon's leadership on [00:23:23] rockets, I will take care of the [00:23:25] finances. [00:23:27] So do you feel as though he says the $5 [00:23:29] trillion adding to the deficit? You [00:23:31] don't agree? Uh I don't I don't agree at [00:23:33] all. Let let me tell you why. Because [00:23:35] this bill will set off growth like we've [00:23:38] never seen before. The CBO projections [00:23:41] uh only project 1.8% per year growth, [00:23:45] which is substantially below what we saw [00:23:47] in President Trump's first term. And I [00:23:49] think we are going to see big [00:23:50] acceleration here. And once you see the [00:23:53] growth trajectory change to an upward [00:23:56] bias, the the bill more than pays for [00:23:58] itself. You know, we we could be in [00:24:00] surplus. He is correctly pointing out [00:24:02] that the CBO is using a very low [00:24:05] forecast of economic growth. when the [00:24:07] bill could end up paying for itself with [00:24:09] some very reasonable growth assumptions. [00:24:12] The CBO is creating financials that [00:24:15] support the Democrats argument that we [00:24:17] need to raise your taxes. The reality is [00:24:21] that Donald Trump's economic plan might [00:24:23] end up making us all rich. Let me [00:24:26] explain what Trump knows that most [00:24:28] people are missing. When you talk about [00:24:31] financial forecasts, you only need to [00:24:34] turn the dial a little bit. All Trump [00:24:37] has to do is make small changes. He just [00:24:40] has to turn up the revenue a little bit. [00:24:43] He just needs to cut waste fraud and [00:24:45] abuse a little bit and over the long [00:24:47] run, the revenue and expenses will start [00:24:50] coming together. [00:24:52] Trump knows this and he's handling the [00:24:54] budget beautifully. [00:24:56] If he pulls this off, I believe it will [00:24:59] make America a booming economy. Now, I [00:25:03] want to hear from you. Do you like the [00:25:04] big, beautiful bill, or do you think it [00:25:06] is a disaster? Let me know in the [00:25:09] comments down below. And if you like [00:25:10] this video, don't forget to hit that [00:25:12] subscribe button so you don't miss out [00:25:14] on future videos. If you find my videos [00:25:16] helpful, consider signing up for a [00:25:18] membership on my website, [00:25:19] wolvesenfinance.com. [00:25:21] For $6 a month, your support helps me to [00:25:24] keep making these videos. Thank you to [00:25:26] everyone who has signed up. I'm Zach [00:25:29] from Wolves in Finance. Thank you for [00:25:31] watching. [00:25:45] [Music]