The Tudor Dixon Podcast: One Big, Beautiful Bill and the Battle for Fiscal Responsibility with Sen. Ron Johnson

Summary

Podcast Summary: The Tudor Dixon Podcast — "One Big, Beautiful Bill and the Battle for Fiscal Responsibility with Sen. Ron Johnson"

Release Date: July 11, 2025

Hosted by Tudor Dixon on The Clay Travis and Buck Sexton Show Network via iHeartPodcasts

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Introduction

In this compelling episode of the Tudor Dixon Podcast, host Tudor Dixon engages in an in-depth conversation with U.S. Senator Ron Johnson of Wisconsin. The discussion centers around the recently debated "One Big, Beautiful Bill," exploring the intricacies of fiscal responsibility, government spending, and the implications for American families. The conversation sheds light on the legislative process, the challenges of bipartisan negotiations, and the Senator's vision for a sustainable financial future.

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Overview of the "One Big, Beautiful Bill"

Timestamp: [03:18]

Tudor Dixon welcomes Senator Ron Johnson, highlighting the Senator's pivotal role in navigating the complexities of the "One Big, Beautiful Bill." The bill aims to address significant fiscal challenges, including preventing massive tax increases and avoiding a default on national obligations.

Key Points:

• Fiscal Responsibility: The Senator emphasizes the necessity of returning to pre-pandemic spending levels to curb the skyrocketing deficits.
• Deficit Concerns: Highlighting that Democratic policies have led to an average deficit increase from $660 billion pre-pandemic to $1.9 trillion during the Biden administration.

Notable Quote:

"The average deficits increased from $660 billion to $1.9 trillion under Democratic leadership. This is unsustainable." — Sen. Ron Johnson [03:52]

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Medicaid and Obamacare Reforms

Timestamp: [07:46]

A significant portion of the discussion delves into the Medicaid expansion under Obamacare, critiquing the program's sustainability and its unintended consequences on vulnerable populations.

Key Points:

• Medicaid Expansion Issues: The current structure incentivizes states to enroll single, working-age adults, leading to inflated costs and reduced availability of services for disabled children.
• Cost Management: Senator Johnson advocates for halting new enrollments in Medicaid expansion to save over half a trillion dollars.
• Impact on Families: Highlighting cases where families with disabled children face longer waiting lists and reduced access to necessary care due to resource allocation towards less vulnerable groups.

Notable Quotes:

"By stopping new enrollments in Medicaid expansion, we could save over half a trillion dollars without harming the most vulnerable populations." — Sen. Ron Johnson [06:27]

"For the same service, Medicaid rates for single working adults are two or three times higher than Medicare, creating distortions in healthcare provision." — Sen. Ron Johnson [07:46]

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Challenges in Communication and Media Narratives

Timestamp: [10:27]

Senator Johnson discusses the difficulties in conveying the bill's details to the American public amidst a media landscape that often misrepresents Republican policies.

Key Points:

• Media Misrepresentation: Republicans face challenges as mainstream media tends to favor Democratic narratives, making it harder to communicate fiscal reforms effectively.
• Public Perception: Concerns that the American public misunderstands the implications of the bill, particularly regarding Medicaid cuts and their impact on families.
• Strategic Communication: The need for targeted media strategies, such as informative videos, to clarify misconceptions and highlight the bill's benefits.

Notable Quotes:

"The media is not going to be friendly to Republicans, making it essential to find alternative ways to inform the public accurately." — Tudor Dixon [10:27]

"We've not explained this the way we really need to. There's a great article about a father with a severely autistic child struggling due to Medicaid distortions." — Sen. Ron Johnson [07:46]

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Future Plans and a "Second Bite at the Apple"

Timestamp: [13:15]

Looking ahead, Senator Johnson outlines his plans for further legislative efforts to ensure long-term fiscal sustainability.

Key Points:

• Additional Legislation: The potential for another reconciliation bill to continue reducing federal spending and addressing budgetary inefficiencies.
• Comprehensive Budget Review: Proposing the creation of a Budget Efficiency Review Panel to scrutinize and eliminate wasteful programs.
• Economic Growth and Spending Cuts: Advocating for economic growth strategies paired with significant reductions in federal spending to achieve a balanced budget.

Notable Quotes:

"We're planning another reconciliation bill that will allow us to line-by-line review and eliminate unnecessary federal programs, putting our country on the path to fiscal sustainability." — Sen. Ron Johnson [13:20]

"With a 58% increase in spending and 2,600 federal programs, we need to eliminate hundreds of billions in waste, fraud, and abuse." — Sen. Ron Johnson [13:20]

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Impact on States and Midterm Elections

Timestamp: [20:28]

The conversation shifts to the implications of the fiscal bill on individual states, particularly swing states like Wisconsin and Michigan, and the upcoming midterm elections.

Key Points:

• State-Level Implications: How Medicaid reforms and spending cuts will affect states differently, with specific focus on essential services and budget allocations.
• Electoral Strategy: Emphasizing the importance of communicating fiscal responsibility to voters to garner support in tightly contested regions.
• Public Support for Republican Policies: Highlighting President Trump's high approval ratings and the growing patriotism among Republican supporters as assets in the elections.

Notable Quotes:

"In swing states like Wisconsin and Michigan, clear communication about the benefits of fiscal responsibility could be pivotal for Republican candidates." — Tudor Dixon [20:28]

"President Trump's actions on border security and fiscal responsibility resonate with a highly appreciative American public, which is why his approval ratings remain high." — Sen. Ron Johnson [21:07]

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Conclusion and Final Remarks

Timestamp: [28:05]

As the episode wraps up, Tudor Dixon and Senator Ron Johnson reaffirm their commitment to fiscal responsibility and address common public misconceptions about government spending.

Key Points:

• Ongoing Commitment: Senator Johnson reiterates his dedication to reducing government spending and promoting economic freedom.
• Public Education: The importance of continued efforts to educate the public about the long-term benefits of fiscal reforms.
• Appreciation for Support: Acknowledging the support from listeners and emphasizing the collaborative effort needed to achieve sustainable financial policies.

Notable Quotes:

"Senator Ron Johnson is committed to putting this country on the path of fiscal sustainability over the next three and a half years." — Tudor Dixon [28:10]

"The larger the government grows, the more we pay for it through the devaluation of the dollar and the erosion of our freedoms." — Sen. Ron Johnson [25:50]

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Key Takeaways

1. Fiscal Responsibility is Crucial: The "One Big, Beautiful Bill" aims to address unsustainable federal deficits by reverting to pre-pandemic spending levels and eliminating wasteful programs.
2. Medicaid Reform is Essential: Reducing Medicaid expansion enrollment is proposed to save significant funds without compromising care for the most vulnerable populations.
3. Communication Challenges: Republicans face hurdles in effectively conveying their fiscal strategies due to unfavorable media narratives, necessitating alternative communication methods.
4. Future Legislative Efforts: Senator Johnson plans to continue his push for fiscal reforms through additional legislation and comprehensive budget reviews.
5. Impact on Elections: Clear communication of fiscal responsibility is vital for success in upcoming midterm elections, especially in swing states.

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This summary encapsulates the essence of the episode, providing listeners and readers with a comprehensive understanding of the discussions surrounding fiscal responsibility, government spending, and the strategic efforts of Senator Ron Johnson in shaping a sustainable financial future for the United States.

Transcript

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And I'm Jamie Rubin, a former advisor to both Presidents Clinton and Biden.

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[Tudor Dixon]

Welcome to the Tudor Dixon Podcast. I am pleased to say that we have the United States Senator for Wisconsin back here, Senator Ron Johnson. Thank you so much for joining me.

[Jamie Rubin]

Hello Tudor. Hope you're doing well.

[Tudor Dixon]

I am. So you have had quite a busy last few weeks going through the one big beautiful bill and I wanted to talk to you about it because I know you have been fighting against some of the things in the bill and you say that you believe you'll have another bite at the apple. So I wanted to go through exactly what that means and what the American people would like to know from the inside from you.

[Jamie Rubin]

It's not so much about what's in the bill, it's much more about what wasn't in the bill. I mean, the major components of the bill I absolutely agreed with, we had to prevent a massive automatic tax increase, avoid default. Again, the president took over for, you know, with all these messes left behind by the Democrats, the open borders. So we needed border funding, raging wars. And then of course we need defense funding. But, but then the fact that Biden and democrats in their four years in office, the average deficits of $1.9 trillion. And to put that in perspective, the seven years prior to Covid, we averaged deficits of 660 billion. It's still way too high. But any rational human being, any responsible president and members of Congress would have returned to a reasonable pre pandemic level spending once employment returned to normal and the economy was roaring back. But that's how Democrats did Instead they sparked 40 year high inflation. And again, just establish this spending level and this deficit level is the new baseline. And so starting with my column in January 1st in the wall Street Journal, I started proposing returning to a reasonable pre pandemic level spending. I laid out three different options would range somewhere between 5.5 and $6.5 trillion just by using actual total expenditures, total outlays from Clinton, Obama and Trump, plusing them up for inflation and population growth, exempting Social Security, Medicaid or Medicare, Social Security, Medicare and interest. Spend what you need to spend. That's going to end up with 5.5 versus 6.5 versus the over $7 trillion we'll spend this year and probably approach about $7.3 trillion next year. So again, what I was hoping is that by laying out those facts, laying out how eminently reasonable you can go back to again, I don't think Clinton spent too little or Obama or Trump 2019. Just go back to those actual outlays again, plussed up for inflation, population growth. That would have been a reasonable baseline in business. This would be an easy tutor, right? I would have gone to my managers, go, hey you guys, okay? I said you could increase your budgets based on inflation and number of customers you serve, but you're 23% higher, you're 40% higher, you're 90% higher. Get it back in line. Would have been about a five minute conversation or would have fired them. Unfortunately, it's not that easy in government.

[Tudor Dixon]

And that's where I think people don't understand. You have a lot of minds coming together. You have people who want things for their states. What is that negotiation process like? Because obviously you were on the fence, someone talked to you and said no, you've got to vote. How did they get you across the line?

[Jamie Rubin]

Well, again, I always wanted to be a yes because I didn't again, I didn't want to increase taxes on anybody. And that was the major component of that bill. So I fought hard to, for example, repeal the most damaging part of Obamacare. And Rick Scott had a great idea. It wasn't including the base bill, but it wouldn't have cost anybody the insurance. He just said at some point in the future and there are optional dates with different scores, you just stop enrolling single working age, able bodied, childless adults in Obamacare. In the Medicaid expansion is what they call it. The reason you want to stop doing that is for normal Medicaid designed for the vulnerable disabled children. For every dollar a state puts into that Medicaid, the federal government kicks in on average about $1.33. But the Medicaid expansion, the Obamacare portion that Democrats wanted to turn Obamacare into single payer system. So they incentivize the states, for every dollar they spend on a single adult, we kick in nine bucks. That has led to all kinds of what I would consider legalized fraud, the scam, the money laundering, provider taxes, provider fees. That's not health care. But states assess it on providers. They allow providers to charge A lot more for Medicaid services than they do Medicare.

[Tudor Dixon]

I just saw this video last night of a man who in California called his insurance company and said, hey, you didn't realize we had insurance. Our bill was $600. What is the bill now? And they said, oh, the $600 is what people get if they have a discount because they don't have insurance. Your bill is going to be $1,300. And he was like, wait a minute, what are you talking about? I pay more. I'm p. Because I pay a premium every month and I do have insurance. And I think that this is an area where really Democrats have not been pushed back on here and they have a really good party line where they come out and they say, oh, these poor people who have kids that are sick are going to be taken off of health care. But it's not that. Why is it so hard to get the message across that there's fraud, that there are people that are taking from the system and it's actually hurting the family with the sick child because they're taking from a system that can only be so big?

[Jamie Rubin]

Well, no offense to the House, but the way they structured their 1.5 trillion, they just kind of pulled that number out of the air. Sounds like a lot. It's really not me in the moment. But then they assigned more than half of that cost reduction to the ENC committee that can only touch Medicaid. And so they weren't prepared for that. And so immediately Democrats started saying, oh, they're going to cut your Medicaid and they're going to remove disabled children from the rolls. Nothing could have been further from the truth, but we just weren't prepared for it. So we haven't explained this the way we really, really need to explain it. There's a great article came out late in the process. A father of a 17 year old severely autistic child, you know, God bless the family, they're taking care of this, this kid at home. They wanted home health care but they're on a 10 year waiting list because they're crowded out by the single working age adult. Because for example, states would rather service that person because they're getting nine bucks for every $1 they put in providers. And this is, people need to understand this. So for the exact same service, if you're a Medicare, that will be one rate. But we're finding providers are getting two or three times the rate for the same service for a single working age adult under Medicaid. Again, another distortion. So that's what we were trying to fix before, before we ever came up with a number, before we ever signed anything for a committee. We should have been saying, okay, here are the goals. Return to a reasonable pre pandemic global spending. And Senator Johnson has laid out different options. And we really need to fix the most damaging parts of Obamacare on Medicaid so that disabled children aren't denied care, that we're not crowding out disabled children. We're not spending money and making that program less sustainable again. We should have started that way, but that's not how we did it.

[Tudor Dixon]

It's really hard for the American people to understand. And I think that those of us in the media are afra that once we hit the midterms, this talking point is going to take off and they're going to say, oh, they, they robbed these poor families. The Republicans are robbing these four poor families of health care. And you're, you're in a swing state. You know, I'm in Michigan. Gretchen Whitmer has already been going after John James, going after Tom Barrett, going after Bill Huizenga and saying they voted to take health care away from kids. That's, that is what they're going to keep saying. I feel like we need like a Prageru video on this or something that we play everywhere because I think it's hard to understand.

[Jamie Rubin]

Well, they always say the best defense is good offense and we had no offense. It's just a sad fact. That's where we're at.

[Tudor Dixon]

But how do we have an offense?

[Jamie Rubin]

Going into the elections, they're all back on their heels. As a result, we're already pregnant with this. Right. It's like, okay, we've already done it. They're all gonna tell the lies about it. So why didn't we do what Rick Scott proposed, which is just stop adding new enrollees to Medicaid expansion, End it. That would have saved us like literally more than half a trillion dollars. But we couldn't get the votes in the Senate. Didn't even have enough votes to bring it up as an amendment. And of course, leadership, quite honestly, President Trump did not want to include to the base bill, and that was a huge disappointment to me.

[Tudor Dixon]

So hopefully you're saying not enroll new people, but the old people wouldn't be kicked off, but now the people, okay.

[Jamie Rubin]

And by the way, if states want to offer Medicaid to single adults, fine, but that, you're going to get reimbursed at the same rate as we reimbursed for a disabled child. I mean, is that reasonable?

[Tudor Dixon]

Yes.

[Jamie Rubin]

I don't think this is that hard to explain. We never even tried to explain it. You know, once it got in the Senate's court, I tried to explain it, but all the attention was on the House and they were just kind of backed in the corner taking the blows again. We can't keep doing that. So I guess what I'm hoping tutors will happen is a few months down the road when people realize, well, my disabled child, she sells Medicaid. Oh, the Democrats relying now, that's a big hope that the Democrat or the media would actually cover it that way. But that will be the reality. Nobody's going to lose Medicaid unless there's a work requirement now and a single age or a single working age adult gets a job. That's a good thing.

[Tudor Dixon]

So this president has been unique in the way that he informs the public what he's doing because he has taken ads out on TV and said, here's what we're doing with the border, here's what we're doing with security. There's, there's been a different way of informing the public because of exactly what you're saying. The media is not going to be friendly to Republicans. The media is certainly not going to be friendly to President Trump. Do you think that come midterms there's going to have to be an explanation of what's happening with Medicare and Medicaid?

[Jamie Rubin]

There's going to have to be. And again, I'm hoping we get a second bite of the apple so that we can really.

[Tudor Dixon]

What do you mean by that?

[Jamie Rubin]

Another, another reconciliation bill that is, that will allow, for example, you know, one of the reasons I voted yes is because we're going to set up this, call it, you know, Budget Efficiency Review Panel or whatever you want to call it. But we're going to set up a House, Senate and Executive branch effort to go line by line, program by program through the entire federal budget, except for Social Security, Medicare. We won't touch, examine those, but go through and expose it. You know, very doge like from a standpoint of you can't defend this. And again, when you've gone from $4.4 trillion in 2019 to over $7 trillion this year, 58% increase, and have 2600 programs in the federal government, did you know that? 2,600. I've got to believe there are hundreds of billions of dollars and hundreds of programs that if you just eliminate them, nobody would know, nobody would notice except for the grifters. Who are sucking down the waste, fraud, abuse and pork. And of course, the news media who are the communication outlook of the Democrat Party. They catch wind of it, they'll blow it into some story that's just not true.

[Tudor Dixon]

Let's take a quick commercial break. We'll continue next on the Tudor Dixon Podcast.

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[Tudor Dixon]

So you have been sort of told there's an opportunity for this second bite. And the reason, part of the reason that you voted for this is that you've made the comment, I want to be involved, highly involved in that process. And I think that's something that I had somebody say to me the other day, gosh, our senators are never working. And I said, really? Because I believe that they were there all night, every night, all of last week. And then I saw our congressman right up until the holiday, spending all night negotiating. So I really take exception to that. But I think that there is this perception that it's like, oh, we're all just hanging out and then we vote and we leave. I want you to talk about what it means to be highly involved in the process. You just went through the discussions that you'll have. But tell us, when you say that, what kinds of work is it behind the scenes to and can you negotiate at all with Democrats on this topic? Is there any reasonable Democrat left in Washington, D.C. now, when it comes to.

[Jamie Rubin]

Reducing spending, we'll get no help whatsoever. I mean, they're complaining about the deficit now, but they're the ones that in four years average deficit of 1.9 trillion, when again, prior to the pandemic, the average was 660 billion. So by the way, when they had the similar situation, they were using budget reconciliation. They could have increased taxes on anybody. They didn't. They could have repealed the Tax Cut and Jobs Act. All we did is we just extended it. We didn't, we didn't cut taxes. You know, we did, you know, obviously the promises President Trump made and few other tax credits, which quite honestly I wouldn't have done, but nobody wanted to increase taxes, including Democrats. So again, no, there are no Democrats to help us out there. But specifically in terms of what I did with budget reconciliation, it really started over the holidays, Christmas holidays, where I came up with the concept of a pre pandemic level spending, did my research, came up with Clinton in 98, Obama 2014, Trump 2019, laid out those options, wrote a column in the Wall Street Journal, they published it, that gained that traction, followed up with two other columns, one proposing a budget review panel. And then finally I wrote it myself, a 30 page report laying out all the options in terms of all the scenarios of growth and spending reductions. I mean, what it's going to take to balance the budget and economic growth just won't do it. I mean, you can have 3% growth and that kind of flattens the curve, but it literally would take about a 3% average growth, which we haven't had since the last century. And we've been averaging about 2.1%, 2.21% since the year 2000 and about a 15% reduction in spending. And nobody's even coming close to, by the way, that'd be right in the midpoint of my 5.5 to 6.5 trillion dollar pre pandemic baseline. So it's very doable.

[Tudor Dixon]

Again, just go back to where did it all go? I mean, I don't understand. I get that we had to have increased spending during the pandemic. There were programs that went into place. Why, why didn't those all just disappear now that we are back?

[Jamie Rubin]

Did. But Democrats won the presidency, the House and the Senate and they used budget reconciliation to pass massive, you know, they did a Covid relief, then they did the Inflation Reduction act, which was Orwellian named, you know, but laying all these energy tax credits and just all new spending programs that again, once Ronald Reagan said that the closest thing to eternal life on earth is a government program.

[Tudor Dixon]

That's our problem.

[Jamie Rubin]

So again, government ratchets in one direction. We get no help from the media in terms of this is why we're trying to reduce spending to a reasonable pre pandemic level. I mean, what the media should have been doing is hey, what Jason is talking about is eminently reasonable and we didn't spend too little under Clinton. He's taking the 1.7 and increasing it to 5.5 based on population growth, inflation, leaving Social Security, Medicaid or Medicare and interest alone. This is a reasonable proposal. Why aren't you on board, Mr. Democrat Senator?

[Tudor Dixon]

Where are those guys? Where is Clinton? I mean he wants to come out and occasionally talk to people when they're running for office. But where is the leadership in the Democrat Party saying we cannot continue spending? And is this a situation where the American people are now just used to it so it's okay because nobody is outside of you. There are very few people that are pulling the alarm and saying this is going to be catastrophic.

[Jamie Rubin]

Well, I can tell you my 30 page report was largely ignored by my colleagues in the American public. Okay. And again, I laid out all the options. I could tell it was ignored because I was hearing questions being posed inside the conference going, well, if you would have read my report, you already have the answer on that one. So again, in Washington, D.C. people really don't like numbers. I mean this is a budget process where about the only thing you ever heard was 1.5 trillion. Again, sounds like a lot, but compared to the 2.1 trillion we increased in just one year versus the 1.5 trillion over 10 years, the spending increase is an order of magnitude worse than the spending reduction or we heard the only numbers account are 218 and 51, you know, the number of votes people had to get and in the end that those were the relevant numbers.

[Tudor Dixon]

So how does this all play out in states like Wisconsin? I mean, I know in Michigan I just told you what's going to happen in Michigan. I think that makes it challenging come the midterm because like you said, the information didn't go out ahead of time to make sure that the American public knew. And I think like, you know, when we talk about things like this, it's not even a situation where you have to go into red states and have these conversations. But there are some key swing states that need to have some offense because you we are going to go into a very tough race in Michigan and I suspect you'll have very tough races in Wisconsin. So what do you see playing, how do you see this playing out in 26?

[Jamie Rubin]

Well, first of all, Democrats going to have to find somebody that got kicked off the Medicaid rolls and they won't be able to, they'll be able to maybe find a single adult who had get a job and now is getting insurance to their job. That's actually a good thing. That's a good news story. So, again, hopefully the lies would be revealed. We certainly should promote the fact that we didn't increase your taxes. Had it not been for us, your taxes would have gone up by however many dollars or what percent we had to fund border security because Biden opened up the border. So, again, I think the American people are highly appreciative of the things that they know only President Trump would do. He's doing things that have to be done that only he would do. And I think an awful lot of Americans do appreciate that, which is why his approval ratings still remain pretty high.

[Tudor Dixon]

Well, that's what I was going to say. His approval rating is high. And then over 4th of July, we're hearing all of these conversations about patriotism. That, to me, was a stunning number. When you see patriotism for Republicans at 90% or higher and patriotism for Democrats at 25% or lower, that, to me, the Democrats have a bigger problem than they're willing to admit.

[Jamie Rubin]

I think so. And just the ideological policies they've been pushing. I mean, boys and girls, locker rooms and bathrooms and competing in sports and putting our girls and women in danger. Again, just the open borders. I mean, just all this insane policy that they support that the American people don't. So, no, they're pretty well captured by the radical leftists in their ranks, and that's going to be difficult for them to overcome. Again, they've got the news media on their side, which is a enormous advantage. But now we've got alternate media, we've got podcasters, and more and more people are getting the news this way, less and less through the mainstream media. You know, the tide's shifting from a standpoint of what messages and what. What reality is getting out there.

[Tudor Dixon]

I think those of us in alternative media are watching this, and we're kind of balancing what the mainstream media is doing with the truth and getting the information out there. But also, there is a concern about the midterms. There's a lot of people out there that are saying, oh, they always go to the other side. I think that this is a case where we have a real opportunity to stop that from happening. Because the President is so popular and because his policies have been so popular, it's hard to argue against keeping the country safe and closing the border. There are really no countries that allow this to happen at the rate that it's happened. And even in the European countries where we see mass immigration, they are now we see warnings all the time from them saying, don't do this. It actually didn't work out so well. But there is still a past that we have to deal with with Joe Biden. And there's been discussions of, of investigating what happened, the auto pen, all of the, the decisions that were made that seem to have not been made by him. What do you make about his doctor pleading the Fifth and saying that he won't come and speak to a congressional hearing about, about President Biden when he was in office? To me, that's very scary. To think that he's not willing to even come and testify to what he told the public back then.

[Jamie Rubin]

Well, I think it speaks volumes. But I think you also have to respect the doctor patient relationship as well. So he'd probably be the last person I would be doing compulsory measures to force him to testify. We are requesting, and we've done our first interview with people, his cabinet members, that type of thing. So we're, we're doing a serious investigation in this. We're not, we're not holding hearers. We're just doing interviews to see what we can find out. I think the American people have a right to know this is, this was serious business. I think we also need to have future cabinet members and future vice presidents. You know, understand this. If something is happening here, they also be held accountable. They have a Constitution. They swore an oath of the Constitution, the 25th Amendment for a reason. And if it needs to be invoked, they have the responsibility to invoke it.

[Tudor Dixon]

Well, it's interesting that she was willing to come out and take his position when the rest of the party said, yes, it's okay now for you to come out and step in. But at the time when it was really critical and he was making these decisions, she stayed quiet. And I'm talking about Vice President Harris going into 28. We're going to see these same characters coming back up. I think that what you're talking about with this massive spending, to me, the scariest part is we talked about Clinton, we talked about Obama, we don't even really talk about Biden because nobody, nobody believes that he was making these decisions. Do you think that the party itself, whoever was making decisions in the Democrat Party while Joe Biden was in office, was just completely irresponsible when it came to spending? Or do you think it was true grifting and there was true corruption behind the scenes?

[Jamie Rubin]

I think it's a combination. But no, let's face it, Democrats are the party, big government and they'll do anything they can to grow it. Because they realize as government grows, their power increases. The freedom of all of us recedes. That's what they want. I mean, I don't understand it. I think that the essential ingredient to America is freedom. It's what we've all used to dream, inspire, build and create this marvel of a country. It's about freedom. And the last thing we ought to be doing is willingly giving away our freedom. But that's what far too many Americans are doing. But no, Democrats love government. They love to spend. They could care less. And they're just whistling by the graveyard. We've been getting away with it for years. I would have thought we would had a debt bubble burst prior to this. By the way, we've seen a chronic debt crisis now for decades. It's called the devaluation of the dollar along those pre pandemic levels of spending. I also just calculated what a dollar was worth in 1998. Start with $0.51. A $2014 worth $0.74. A $2019 worth $0.80. Sense, that's the silent tax of inflation. The devaluation of the dollar, the robbing of anybody with an asset. That's what big government has done. That's what deficit spending has done. Literally. It's immoral, it's unconscious what we're doing to middle income Americans and particularly our young people.

[Tudor Dixon]

That has been our frustration on the state level. I think what you said just now is really, that's the ad that people need to hear. The bigger the government gets, who's paying for that? We're paying for that every time there's a new program. And I mean I look LA and San Francisco and their homelessness programs are in the hundreds of millions of dollars and yet homelessness keeps growing. If you grow in a portion of government and they don't, they don't actually come up with a solution, then perhaps you need to get rid of that arm of government. But once it's there, it's so hard to get rid of. And I just appreciate that you are staying. I know that you had originally said that you would, you would only serve two terms and it sounds like you will run again. And I think it's so crucial to have people who are thinking about these things and thinking about the future and thinking about reducing the power that government has and it's rare. So I appreciate what you do in Washington for us.

[Jamie Rubin]

Well, I appreciate that and I already did run for my third term. Hopefully I can get this all fixed and going.

[Tudor Dixon]

The fourth term.

[Jamie Rubin]

Let's get it all fixed. Okay? Let's put this on this country on the path of fiscal sustainability. That's my goal here over the next three and a half years.

[Tudor Dixon]

Well, we appreciate it. Like I said, I hear sometimes people saying, oh, they're not working hard enough. And I'm out there as your champion saying, no, you guys don't understand. This is not a, an eight hour a day job. They're working 24 hours when they're there and when they're back home, they're out there campaigning and talking to people and taking meetings with folks on the ground. It is a 24 hour job. And Senator Ron Johnson, we appreciate you.

[Jamie Rubin]

Well, thanks for having me on. Have a great day.

[Tudor Dixon]

Thanks, you too. And thank you all for joining us on the Tutor Dixon podcast. You can get this podcast wherever you get your podcast or you can watch it on Rumble and YouTubeutordixon. Join us next time and have a blessed day.

[Unknown]

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[Travis Holloway]

I'm Rodney Williams. And I'm Travis Holloway. Welcome to the wealthbreak podcast, a real conversation about finance. Let's be honest, building wealth doesn't look the same for everyone.

[Tudor Dixon]

I feel like sometimes being broke is a cycle and that we might have.

[Travis Holloway]

To revisit that and we're not stopping at success stories.

[Lisa Booth]

What happens when it doesn't go right? How do you cope with it?

[Travis Holloway]

Because wealth isn't just about money. It's about creating a life where you thrive and help others do the same. Listen to the Wealth Break podcast on the iHeartRadio app.

[Christiane Amanpour]

I'm Christian Amanpour and I've been on the front lines and interviewing world leaders for more than 30 years.

[Jamie Rubin]

And I'm Jamie Rubin, a former advisor to both Presidents Clinton and Biden.

[Christiane Amanpour]

We were married for 20 years and divorced for seven. Now we've joined forces on the X Files to make sense of how we ended up with no world order. Listen to Christiane Amanpour presents the X files on the iHeartRadio app, Apple podcast or wherever you listen to podcasts, Oral.

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[Unknown]

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[Tudor Dixon]

This is an iHeart podcast.