The One Big Beautiful Bill: Tax Cuts or Smoke and Mirrors? - Part 2

In Part 2 of this double-dose episode, Jeezy and Manny return to finish dissecting the so-called “Big Beautiful Bill” from the Trump administration. This time, it’s all about the defense budget spike, border wall billions, child savings accounts (aka "Trump Accounts"), green energy rollbacks, and, wait for it, a 10-year AI regulation ban. Yep, that’s a thing.

The guys break down what $46.5 billion buys you in the wall and whether it beats housing the homeless (spoiler: it doesn’t). They also tackle what the elimination of clean energy incentives means for U.S. competitiveness and manufacturing. Add a splash of debt ceiling drama, and you’ve got a fiscal rollercoaster complete with memes, military balloons, and hard truths.

Tune in for laughs, logic, and a little light existential dread as the crew asks: Who really benefits from all this spending, and who gets the short end of the stick?

🎧 Listen now and decide whether hope is still a strategy (or a campaign slogan).

Transcript

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Jeezy: Hello world and welcome back to part in the politics season 2 episode 21. And I think for the 1st time in our podcast, we have a part 2 of episode 21. So this is a 1st for us, and we are going to break back down where we started at in our beautiful bill. But wait.
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Jeezy: there's more hang on to your seat, baby.
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Jeezy: As you guys listening to the last episode, we just couldn't get through it all this beautiful big Bill.
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Manny: So beautiful.
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Jeezy: Has has provided us. So we had to come back, and we just felt like it was just a disservice to our listeners to not come back and and finish.
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Manny: Wrap it up, put a little bow on it.
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Jeezy: Gotta put a bow on it. Bro, you you can't just leave it open, Bro. We we gotta we gotta. As Bruno Barr says. We can't just leave the door open.
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Manny: And the I think the funny thing about all this is that before we even started, when we were in pre-production, I called it, I said, Hey, we gotta be mindful of time. Yeah. And sure enough, show enough. There was so much more, so much in this.
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Jeezy: We just couldn't do it. Bro. As much as we try to. We did. But for our listeners I hope this speaks volume to the dedication that we have here. Pardon the politics that we were willing to hop back in the arena. Get back on these mics and continue to break down the details of this big, beautiful bill that we've been so blessed to have from the from the trump administration. So
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Jeezy: we're we're gonna jump back into it. We're not going to delay any longer, I believe.
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Jeezy: Want to hear about the taxes. If you want to hear about healthcare social programs, go ahead and hop and go ahead and listen to the the 1st episode this week.
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Jeezy: Yep, so we've already covered 2 aspects of this bill in the previous episode which will be part one. So we're going to pick it back up in Part 2 with the 3rd aspect of this bill, and that is going to be defense and border security funding.
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Jeezy: Now for details, 150 million dollars increase in our defense spending. There's a 70 million dollars for border security, including a 46.5 billion dollars allocation for wall construction. So we're right back in on that trump, that great trump wall of America.
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Manny: Right.
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Manny: The wall that never ends.
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Jeezy: Wall that never ends. Bro. And then, also, there are details in this, in this aspect of the bill on new detention centers technology and more border patrol agents. So as we look at this part of the bill, Manny, I'm going to throw it. This aspect of it to you. What are some of the pros or cons that you may see in this bill when it comes to defense and border security funding.
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Manny: I see I'm I'm glad you added that last part, because I was like the entire
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Manny: be on our way to a part 3 real quick.
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Jeezy: Real, quick.
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Manny: Look! If if there is one thing we can say about Donald Trump.
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Jeezy: Yeah.
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Manny: He is going to attempt to do the things that he says he's going to do.
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Jeezy: Yeah facts.
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Manny: So the fact that we're still talking about this border wall after
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Manny: it's over a decade. Now, we're going to be approaching a decade of talking about this stupid wall.
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Jeezy: Yeah.
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Manny: And again for our listeners. We are not against walls. We do believe that there is a place for strategic walling and strategic fencing all along the border.
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Manny: But when you look at land, land acquisition costs. When you look at eminent domain, when you look at the the roughness of trying to construct a wall. This wall, this great wall? Why.
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Manny: why, yeah, you know, if they have to hike up Kilimanjaro both ways, why don't we.
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Jeezy: Why don't we.
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Manny: Right on the side of the mountain. It's Texas. There's snow
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Manny: and everything like, okay, like, Hey, I give them a sticker. I made it over the mountain. Let's go ahead and fast. Track them like. But all things aside.
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Manny: 46.5 billion dollars.
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Jeezy: Yeah.
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Manny: To put that in construct of what we already spend on defense, which is more than virtually everybody in the world.
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Manny: I think China might be getting close to us.
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Jeezy: Yeah.
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Manny: But it costs money to be the world police, because if we love it or hate it, that's who we are. We are the world police. Right now.
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Manny: We spend 850 billion dollars every year on
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Manny: our defense. So if you look at this essentially, almost, you know, 50 billion you're talking about, we are dedicating an additional 5%.
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Jeezy: Yeah.
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Manny: Of our budget to this wall. That's wild.
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Jeezy: That's that's
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Jeezy: that's very wild. And and to that point, when you, when you just to add to the wildness of that number.
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Jeezy: in my opinion, the wall is a very short term solution.
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Jeezy: and and not a very valuable one, because we know that there, from a land landscape perspective, there are some areas that just literally can't have a
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Jeezy: Michael Berry.
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Jeezy: you're there. But when I think about the the amount of money being spent on this physical barrier? Does it really address the root cause
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Jeezy: of immigration?
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Manny: No, it doesn't. It doesn't at all like if you if you go back, you know past Obama, past Biden, you're going back. I believe it was Clinton.
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Jeezy: Yeah.
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Manny: Or maybe even the 1st bush, where you could very easily go back and forth over the borders.
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Manny: And it was during the early nineties, I'll say, because that'll cover both Clinton and and the 1st bush, the early nineties where they stopped that kind of revolving door. So people came over and stayed. So that's where you really started to see this trick up and up and up.
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Manny: But that even on top of that we're still talking about building the wall. We're not talking about maintaining the wall. We're not talking about maintenance and upgrades on the wall. This is a huge expense, and if you look at the great Wall of China.
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Manny: that's a historical landmark they are. They are maintaining that
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Manny: minorly for for the sake of tourism.
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Jeezy: But it wasn't.
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Manny: I'm not. I don't see anyone in the Us. Rushing to to the border to see this great wall that we've constructed.
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Jeezy: No, so to me it leads to the imagination. That is this something of an ego.
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Jeezy: For for trump, because no.
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Manny: Oh, not not Donnie!
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Manny: Not big Donnie!
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Jeezy: I don't believe that ballooning the budget which, in ballooning the budget, I mean that we're adding 220 billion more spending, which contributes heavily to the national debt.
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Jeezy: I don't believe that this money is being properly allocated to solve the problem. 1st of all, where is Dojet in this? Because
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Jeezy: brush.
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Manny: Are we using this.
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Jeezy: You were supposed to be doing. This is not efficient.
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Manny: If you. This is the best summary that I can. I can see with this bill and Doge, and what we're doing right now. This is like me going to the gym hitting the stair master for 5 min.
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Manny: and then Golden go in the golden corral and said, Man, I sure did kill those calories. You right.
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Jeezy: You need.
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Manny: Both ways.
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Jeezy: In both ways. But but when I think about this, and even down to not just the wall expansion, but the parts of this bill where there's money allocated for the detention centers. We've already seen
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Jeezy: how we have used Guantanamo Bay. Certain detention centers the way that we have seen certain things handle and transpire with these detention centers.
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Jeezy: I feel like that raises even more of a concern from a civil rights perspective. Of how will these places be maintained
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Jeezy: manage control. And what will this even look like? And and the fact that you're you're you're taking this amount of money to drop into this this bucket
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Jeezy: that we're that has been.
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Manny: And we're already, and we're already struggling to find people to staff these locations.
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Jeezy: And that's another thing. Who's gonna work these jobs.
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Manny: Sure.
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Jeezy: We've already seen, and I believe that we've seen some signing that has happened over the past week, where there have been more of a military presence at the southern border. This this to me in my mind, this physical presence in this physical border at the at the southern border does not solve the issue. In my opinion it does not solve the issue. So let me let me guess. You got a thousand troops that's had hiding in tunnels that's going from Mexico to San Diego.
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Manny: Hmm.
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Jeezy: Like. We have seen that this is a very strategic. Now, granted. The part of the bill that I do I do like
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Jeezy: is is them addressing the technology aspect. I think that if we have people on the border we should be providing them with the best technology and the best resources to do the job.
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Jeezy: But in this creation, and it's been been looked at and listed as this job creation that they're doing on the border. I don't feel like that. Really.
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Jeezy: that doesn't really solve the problem or get us to where we need to be at it solves a campaign promise that trump has said and highlighted.
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Manny: Well, we're spending.
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Jeezy: Really solved the problem.
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Manny: We're spending 5%. Well, of that 70 billion. They're dedicating 2 billion
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Manny: to customs and border protection, 2 billion for staff, 1 billion for technology
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Manny: and almost 3 billion for surveillance enhancements. The oh, I'm sorry. Sorry. Sorry. Okay, 2 billion for staff, and then 4 4 billion to hire additional patrol agents and officers. Okay.
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Manny: but for me, it's all of those things you need more than a physical, a physical wall.
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Jeezy: Yeah, yeah.
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Manny: You also know why walls don't work great because ladders are a thing and tunnels are a thing. Submarines.
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Manny: It's awesome, a thing.
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Jeezy: Like like you.
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Manny: Things exist.
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Jeezy: This is not like the 18 hundreds. Bro.
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Manny: We've forgotten that El Chapo escape absent.
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Jeezy: You're in front of the White House right.
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Manny: Brother, this man had a ignoring the escape from prison. Yeah, this man had a whole tunnel under the border.
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Jeezy: Yep.
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Manny: Into the Us. Where he got picked up and hit out. And this is just a free one person. If you're talking about, hey? You're trying to stop the flow of guns and drugs and stuff. These are not like your mom and pop operations. These are sophisticated operations. So build.
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Jeezy: They ain't new to this.
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Jeezy: They ain't new to this. They true to this, and your wall ain't gonna stop nothing.
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Manny: We Gonna have a big old tunnel going going from from Baja, California into Arizona, like, what are we doing? So.
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Jeezy: This is a lot of money allocated for something that is not, in my opinion, going to be a factor whatsoever it's just going to be, hey? There's a wall.
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Manny: He's gonna go out there. He's gonna take his pictures.
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Jeezy: And.
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Manny: Got it.
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Jeezy: Big old trump banner on it, and right.
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Jeezy: But my thing, he is.
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Jeezy: Go ahead! Go ahead, brother.
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Manny: The other part in this defense and security. The 25 billion that has been allocated for the Golden dome defense system.
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Jeezy: Oh, God!
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Manny: Now they've said that this golden dome system is going to be comparable to what Israel has.
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Manny: And I'm like, okay, but let let's just let's just take some things into into sight.
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Jeezy: Yeah.
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Manny: Israel. Israel's dome system is very big.
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Jeezy: Yeah.
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Manny: The largest. But do you know how big Israel is? It's about the size of New Jersey.
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Jeezy: Bruh.
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Manny: So so now you're talking.
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Jeezy: Money you got to allocate to have something on the scale of what the Us. Size is.
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Manny: 25 billion already. I can, just from the sheer number, is not going to be enough.
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Jeezy: Well, I know that you can have a cheaper tab. You can stop pissing off everybody in the globe, but you don't have to worry about having.
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Manny: Are you? Are you suggesting, having fewer enemy, fewer enemies.
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Jeezy: I mean, you could not have so many enemies.
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Jeezy: And but it's also like.
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Manny: Do you need it over the entire United States.
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Jeezy: Bruh.
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Manny: Like, and not saying, Hey, I'm willing to sacrifice any state, because I'm not.
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Jeezy: Oh, oh, fax, yeah.
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Manny: But like, do you realize how much work
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Manny: that they are going to have to do
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Manny: to fly something? Let's just say it's Russia. Russia wants to Russia or China. They want to pop off.
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Manny: California. It makes sense. So you wouldn't.
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Manny: Okay. You want to protect California. But, like
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Manny: is the, am I really going to waste a warhead trying to hit the center of Montana
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Manny: or the center of Wyoming. There are people again. There are people there still, but I'm like, Can we work on, you know. Maybe deterrent systems.
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Jeezy: Yeah.
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Manny: But this is also coming from the same country.
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Manny: I love America. I wanted to be clear. I love our
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Manny: let it be know we love our
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Manny: and because we love our country, we have to criticize it sometimes, but we are the same country that allowed a weather balloon
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Manny: to bursts its way.
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Jeezy: Over the everyone free half of the country right? And we.
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Manny: Freaked out for weeks over this weather balloon.
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Jeezy: Yep.
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Manny: But how are you going to build this missile defense field?
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Manny: If y'all let a balloon in here that a balloon.
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Jeezy: Bro, we we got a lot of work to do. And and this this ain't gonna cover it. This amount of money ain't gonna cover it.
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Manny: Right, and and I believe the balloon was larger than like the the thing under the balloon was as big as a car.
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Jeezy: So you're talking about like a small minivan, or something like.
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Manny: You're talking about missiles that are smaller than that. If we couldn't do anything about that.
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Jeezy: And we watched it.
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Manny: And we watched it.
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Jeezy: Watch it, float.
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Manny: Boy, if we like, let me tell you.
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Manny: had I been President, the way we would have scrambled some F. 16 s.
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Jeezy: Oh, brother sent that thing in the kingdom come.
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Jeezy: Oh, Bro, I would have put a display on Bro. I'm about to. I'm about to show y'all what I'm gonna do when you said stuff over here today.
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Manny: Did. Did they just send up 53 raptors to shoot this thing out of.
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Jeezy: I don't care if it's an anniversary balloon, a birthday balloon, a weather balloon. It's going down in 5.
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Manny: Yeah, I'm going to send the blue Angels and the Thunderbirds.
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Jeezy: Submart.
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Manny: At home. Shoot this down.
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Jeezy: Yep.
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Manny: With as much.
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Jeezy: Military and acrobatics as you possibly can, 100 as you can.
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Manny: I want a corkscrew of of raptors going around as they're shooting it down. Oh, we're gonna put on a show.
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Jeezy: Oh, yeah. Oh, yeah, I want you to put on a show that'll make Tom Tom Cruise proud.
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Manny: He'd be like, Hey, I gotta do that in my next mission. Impossible. 58.
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Jeezy: But balloons.
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Manny: Far.
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Jeezy: In in saying all that domain, and when you talk about the the numbers.
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Jeezy: it leads me to think. And I and I want to pose this to our our listeners.
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Jeezy: Could the could this money.
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Manny: Yes, yes, yeah. I didn't even need I don't. Listeners yelling got to answer it. Yes, this money could be better used in a litany of other places.
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Jeezy: Could it be used in a better in a better place, like veteran services, infrastructure.
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Manny: Education.
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Jeezy: So as as we as we move on, I just want to say this to our listeners.
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Jeezy: Would you be willing to support this increase if it meant cuts to health care, education in veteran services.
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Jeezy: Are you okay with that?
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Jeezy: Because ultimately we have to understand if this amount of money is being allocated. There has to be somebody that gets the short end of the stick.
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Manny: Obviously our obviously our national dad.
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Jeezy: Right a national debt. Bro. We've been
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Jeezy: brother. Our national debt battle looked like a Aaron's account.
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Manny: Stop. Not I was like, no, not.
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Manny: But before we go on to the next talk, I feel like it's really important to just state this number
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Manny: 46 billion dollars for this wall? Did you know
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Manny: that the national alliance to end homelessness, their estimate to end homelessness.
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Manny: and ensure that every homeless person has permanent supportive housing
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Manny: would cost somewhere, probably between 20 to 35 billion dollars a year. Wow! We could do this twice.
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Jeezy: Yep.
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Manny: We could do this twice, even on the High end. The Urban Institute Analysis and the Urban Institute. Their analysis said that it would be somewhere between 30 and 37 billion dollars a year
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Manny: to end homelessness in the United States.
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Manny: But we can do this, and then still got time for ice cream.
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Jeezy: Brad.
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Jeezy: So I'm just
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Jeezy: so when you. So when you think about the people that you sent up in Washington, and you think about the people you are like. Why is this not something that's feasible? You don't even. I'm going to go so far on a limb to say you don't even have to solve it. You can just kind of take care of it a little bit. You could do half of that.
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Jeezy: You could do nothing, and we, we may be in a better spot. Yeah.
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Jeezy: yeah. But but again, here we are on a physical wall, or certain parts of this aspect of the bill that does not necessarily take care of the problem. But there, this money could be allocated in certain areas that would definitely take care of a problem that I feel like would would benefit and enhance the life of of the American people. But
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Jeezy: Kum sing Koom, sah, as we always say.
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Jeezy: so that's our coverage on the defense and the Border security funding. So next we'll talk about there's a nice, beautiful account that's coming for those that are born between the years of 2024, and 2028. So if you were born before that, we're sorry for you, but that is called the child Savings accounts, or better coined as trump accounts.
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Jeezy: So in these trump accounts $1,000 is automatically granted to children born between 2024, and 2028
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Jeezy: is that.
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Manny: Is that where they landed at 20? Cause I that's another number that keeps hopping around. I heard
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Manny: before I heard, you know, only this year, you know.
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Jeezy: As far as what I've seen, but we know how this goes.
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Manny: And you're right.
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Jeezy: It could change. But parents can contribute up to $5,000 annually, which will be tax deferred, and the funds are to be used for education, homeownership, or retirement. So in these, this nice, beautiful gift that has been given to us by President Trump, what's your thoughts and opinion on the trump accounts.
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Manny: Okay.
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Manny: Yeah, we know we are a bipartisan. Podcast and we try to. We, we try to make sure that we, we stay on top of everything
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Manny: but me. Personally, I'm not against this. This is not the worst idea we've ever had.
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Manny: If we just kind of look at the numbers if if
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Manny: we go ahead and we put a thousand dollars into it, and it fluctuates in the markets, ignoring what it's invested in, because I believe all these are just going to be invested in an equity index fund. So it's just going to kind of hold there. Most equity index funds, historically.
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Manny: have, you know, turned between 6 to 8, 8% annually after inflation. So
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Manny: I think this is great. But you need the continued support. So let's say you're you're having a child, and you get one of these accounts as soon as they're born at 3% interest that $1,000 has gained another 1,700
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Manny: if you look at a moderate 5% return. That $1,000 has has now become 2,500. Give or take
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Manny: 7%, which is the historical average, that $1,000 has become 3,308%, which is optimistic, that $1,000 has become $4,000.
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Manny: So it's not nothing but like these accounts, only really work if there's consistent investment in it year after year after year, but it's better than nothing, far better than nothing.
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Manny: This is also trump is not the 1st one that has suggested this Cory Booker 1st introduced an idea comparable to this in 2018, and then did it again in 2021.
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Manny: There have been bipartisan interests that we've seen happen out of various think takes Hillary Clinton was out there talking about this in the past. George W. Bush, mitt, Romney have included things like this before, so this is not a new idea.
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Manny: so overarchingly. I like it. My concern here now becomes on when you're able to withdraw, so you can't withdraw until you turn 18,
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Manny: and when you turn 18 you get access to half of it.
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Manny: With full access being given by the time that you're 25 and funds must be withdrawn by completely by the age of 30.
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Manny: I like that. They. And I think the key point is that earnings grow tax deferred. So it's going to work like a 401 K ish.
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Manny: But the withdrawals will be taxed at long term. Capital gains rates. So about 15% as you start to withdraw
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Manny: and then unqualified withdrawals are occur that happen with a penalty, and if you look at other penalties that the Irs and the Government usually do, I would guess that would be in line, which is probably around 10%.
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Manny: This is not a horrible idea.
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Manny: I just, I think, for me personally, I wish the list was actually, I'm not even fully against it. So the list of things that people can spend it on and geez correct me if I'm wrong here. But they can spend it on college starting a new business, and I feel like there was. There's 1 other thing that I'm forgetting about that you you can also spend this money on, but you know I would. I would have liked that.
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Jeezy: Believe the flexible use of is that it can be applied for key stages of life, not just college. So any any stage of life that would qualify for that. So starting a business, buying a home, going to college.
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Jeezy: having having a house party.
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Jeezy: Yeah, yeah.
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Manny: Your 1st house party is a stage of life.
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Jeezy: Days of life.
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Manny: Not ignore
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Manny: so. And then the other part about it is like, when you start thinking about financial aid. Oh, trade schools, trade schools who were going into.
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Jeezy: Yeah, yeah, yeah.
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Manny: Can use it towards that as well. Because it is the the property of the student. I guess my concern is, can can, and will it be counted against people for financial aid?
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Jeezy: Hmm.
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Manny: You know, I think that's a that's a thing that
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Manny: we have to be aware of. Now, here's where I will give the Administration credit.
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Jeezy: Okay.
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Manny: This appears on the surface that
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Manny: the administration is concerned about the cost of raising kids, and this appears to be a step
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Manny: to attempt to try to do something
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Manny: towards this. So better something than nothing. But I guess we'll.
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Jeezy: But I have a I have a question, though, if if it's if if a thousand dollars is automatically granted to children that are that are born between 2024, and 2028. If you have a large demographic of of of American families that aren't able to contribute $5,000 a year to their child saving. How does this account benefit them? If I can barely put anything into it?
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Manny: I mean, not a whole lot. I mean, you're gonna have like like the numbers I ran before. If you just leave that that 1,000 in there.
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Manny: assuming gains from 3% to 5 to 8%, that $1,000 were turned to a little under 2,000 to $4,000.
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Jeezy: So for the vast majority of Americans that fit that category.
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Jeezy: How is this? Really?
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Jeezy: It sounds good. But how is it really helpful to them.
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Manny: Well, geez! I got a thought.
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Jeezy: Yes, sir.
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Manny: Not not to go too deep on this, but.
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Jeezy: Okay.
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Manny: This could. This is now a way for the Federal Government to start finding alternative ways of investing into the economy
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Manny: and locking that money in there for 18 years.
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Jeezy: Is this a wealth lock in.
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Manny: Loosely, loosely. It's your money. It's technically, I guess. Technically, your money.
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Jeezy: Yeah.
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Manny: But it is. It's locked away so it has to stay in the market until you can pull it out.
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Manny: So.
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Jeezy: Hmm, bro, this this is the I
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Jeezy: that's my only concern with it is that I feel as though it it's it sounds nice, and
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Jeezy: it sounds helpful.
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Jeezy: But when I think of the realization of many of Americans, middle class, low class, low income Americans.
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Jeezy: I don't see how this is something that I say, oh, okay.
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Jeezy: thank you. This helps me. This puts me in in a best position possible, or this closes the wealth gap that we have in this country where I'm able to give my child a a true opportunity. I mean, yeah, you could say, well, you didn't have a thousand. You didn't have $4,000 before, so I mean.
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Manny: Right.
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Jeezy: Why are you complaining now? But still, by the time these kids get to a certain age and to go to trade school, if the 1st semester costs 7,000 $8,000.
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Manny: Well, and that's just looking at today's numbers. That's.
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Jeezy: Yeah, yeah, yeah.
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Manny: That's $4,000 not counting for inflation. So you could, you could have 8% returns and then get there, and that $4,000. Still, actually, only be a thousand dollars. Yeah, like, that's a that's a thing that could happen.
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Jeezy: So I think that while it is something good, I would encourage our listeners to think on. You know.
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Jeezy: in the position that you're in with your family, and and the status that you have in this country, would would you be able to contribute enough to this per year
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Jeezy: to reap the true benefits of this program? Or is this something that is tailored to benefit those that can
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Jeezy: contribute successfully to this year, in and year out.
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Manny: I just don't think we should look at it, though, that way like, because if you just look at average savings rates across the country. On average, there aren't most households in in America cannot cover a $500. Emergency expense.
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Jeezy: -
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Manny: Like. So if you're talking about saving for college on top of that, and you can't can't deal with a with a expense like that's gonna be problematic.
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Manny: I think it is. It is better than nothing. I think it is them realizing that
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Manny: there, it's obviously expensive to raise children. And there's obviously a concern because our entire social security system is built under a calculation where everyone just keeps having more kids. And that is clearly not happening anymore.
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Manny: partially because of the raw costs.
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Manny: they're trying. They're trying. Yeah, I have to salute them for trying.
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Jeezy: The tries a failed attempt. Brother.
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Jeezy: I'm just go. I'm just gonna say that.
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Manny: It's not enough.
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Jeezy: Failed attempt. But I agree it's not sometimes in my mindset.
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Jeezy: I just think sometimes that we're okay
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Jeezy: with well, it's better than nothing, but sometimes better than nothing, is still crap, too, and.
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Manny: This is true.
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Jeezy: I think sometimes we have to realize that. But at any rate, as you said, it is, it is something, and I would I would like to see where this this trump account fits with everyday Americans, and how they're able to take advantage of it now. Granted, it's going to take a while.
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Jeezy: For for that to come to fruition. But maybe this does something. Maybe it doesn't. I think time will tell eventually where this falls and how back in history we will look at this and say, this was something really great, or it wasn't that the Administration was able to do for the American people. So.
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Manny: Yeah, absolutely.
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Jeezy: So with that being said, we will move on to our 5th aspect of this bill, and it is the elimination of green energy incentives. So
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Jeezy: we know green energy sometimes can be the boogeyman. It can be a a topic of debate.
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Jeezy: but in this elimination it cuts tax credits and subsidies for renewables, which are solar wind, etcetera. It ends in incentives unless construction begins within 60 days and finished by 2028, and it cancels, consumers, rebates on Evs and energy efficient home
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Jeezy: upgrades. So
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Jeezy: with this aspect of eliminating these green energy, we know that trump has been big on, they're trying to take your cars away from you and make you drive electric vehicles, which is kind of weird, because you would think that since Elon is his boy he'd be like, yeah, I won't drive my boy. Cars bro like, buy my boy cars.
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Jeezy: but it cancels all of that which I believe this was something that was very significant during the Biden Administration, where they were pushing these consumer rebates in Evs and energy efficiency as far as solar panel homes. And what have you. So with this elimination, what do you view it as, brother from a from a benefit or or a pros and cons perspective?
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Manny: I believe it's all extremely short sighted.
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Manny: Okay, you know, one thing about, I say about fiscal conservativity. It isn't always about cutting costs. Sometimes it's making the proper investments in your future.
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Manny: And if you look at most sciences in general.
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Manny: no one really makes the leap
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Manny: until there are Federal dollars being invested into it. Yeah, you know.
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Manny: if you look at the space race.
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Manny: there were no solo companies that could really do
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Manny: all this on their own, because the science takes so much work and so much cooperative and coordinated effort.
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Manny: But if you're looking at a if you're wanting to be America first.st
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Manny: That is your focus. We have a crumbling infrastructure, electrical infrastructure. Years decades old.
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Manny: It's a vast need of being improved and advanced. This is your opportunity to do it, and then you know us is one of the largest, if not, I believe, the largest producer of oil
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Manny: in the world. As a standalone country. But then you have the Saudis and everyone. But there are still dependents from us because of the type of oil we make. It's not the super desired oil.
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Jeezy: Yeah, yeah.
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Manny: So while we produce the most, we are still dependent on foreign oil. If your goal is also to be America 1st and wean our dependency on other countries. Wouldn't you want to be able to come up and figure out a way that you were not dependent on other countries? This is your opportunity to do it.
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Manny: so it's it's unfortunate.
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Manny: Not unsurprising, but it is unfortunate.
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Jeezy: Yeah.
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Manny: And and also like we saw what happened with that big freeze last year, and everybody, you know, with the electric cars being on the side of the road because the battery stuff went down. This is a chance for us to. If you really wanted to do manufacturing and figure out how to do this manufacturing. Bring it back here. Well, here's your opportunity
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Manny: to do that. Make that investment, you know, here in the country. So you're no longer worried about bringing jobs offshore back onshore. You are truly creating jobs here. So what again? The question we had we've had since day one of this administration. What is the plan here? Because this was an opportunity you could have leaned in and said, Hey, we're going to do this.
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Manny: and I'm saying.
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Manny: still, do it without shunning oil like I get you in you and good with oil. Yes. But guess what Bp, Bp is diversifying.
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Manny: Exxon is is diversifying. These companies are diversifying. Why? Because they're reading the tea leaves.
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Jeezy: Yep, yep.
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Jeezy: and I think that that is Major, and I know that trump has his approach to this green energy. And what have you. But when you look at this elimination, you're talking about potentially an estimated 830,000 clean energy jobs that could disappear. That's something that you could lean in and boost that market boost that job labor.
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Jeezy: I know that it's a it's a way that we maybe not have been accustomed to, but it's something that you can look into and grow and develop within our country and have the proper knowledge and training that some of these people who are not in that green energy arena. You can have that training. You can have that where you can transfer that that labor into this and really, like you said before, lean into this.
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Manny: And I'm.
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Jeezy: Go ahead. Yes, sir.
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Manny: No, no, you you finish up. You finish up.
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Jeezy: No no no go ahead! Go ahead!
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Manny: And here's the big thing I just want to call out about both our statements. None of our statements are based in, whether you believe in global warming or not.
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Jeezy: Yeah, yeah, yeah.
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Manny: They are all from an economic standpoint.
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Manny: So, for our listeners like you might be hearing this like, Oh, they're you know, they they believe all this stuff we do.
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Manny: We do, because, you know yes, yes, we do believe
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Manny: that. But again, all of our arguments are right now are coming from the economic economic
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Manny: impact of this where you're going to allow China or Russia or India to grab a foothold in this technology. And then we're going to be tardy to the party trying to catch up.
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Jeezy: And that is a that was you were. I was just about to make that point and bring up the market lag that we're putting ourselves in because we're risking, we're risking, losing global competitiveness in this industry in this sector that is booming
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Jeezy: clean clean energy, clean tech is booming. And on the global standpoint, where we see that where the way that the Us. Has been looking so far globally, we seem to be not the number one person in the driver's seat in the way that we've handled certain things when you look at trade and tariffs, and just where we stand globally on certain things.
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Jeezy: Why would you add this to the list of us being another notch down in this sector? Why not take this market by the horns and really be the global leader in this, and being that number one in the driver's seat, the amount of
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Jeezy: a benefit that you bring to the economy is is immense. So why take us out of that
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Jeezy: when there is a real? The driver's seat's open.
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Manny: Right.
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Jeezy: Why not let us let us take that on.
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Manny: There's if if we're just talking about cars.
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Manny: If there's nothing else that Tesla did.
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Manny: Tesla proved that there was a viability
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Manny: in the electric car market for cars that looked like actual cars.
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Manny: Yep. And then from that you got Fisker and you got these other companies. You got Ford and everyone to change their plans. Yeah, like
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Manny: there's and the businesses don't move just to move like there's an.
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Jeezy: Appetite.
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Manny: To do this, so there! It doesn't make sense
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Manny: to to fully close the door. And I know we, you know, we we talked largely about electricity, but also wind geothermal. You know we did. We just signed the deals for nuclear. So I guess that is that that part they are digging into. But it it's, it seems, kind of short sighted to to repeal some of these incentives, because, again, if you're putting money back in consumers pockets to go get these things. This money is going back into the economy right?
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Manny: And spurring more growth like you're.
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Jeezy: I don't understand why that people don't understand that.
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Manny: And I get it. You know, you want to phase out some of these credits. Okay, but what are you doing with that gap? Well, there's.
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Jeezy: When you speak of that I feel like that. This is a
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Jeezy: I feel like the administration does this. I feel like, for one thing that they do here, they say, Well, where can we save money elsewhere?
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Jeezy: And when I look at this elimination of these green energy incentives, I feel like, it's just basically federal saving that they don't have to worry about wasting this money on clean energy programs because we want to go do elsewhere. We want to go. Do this, and we want to go. Do that. We want to go build a
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Jeezy: 46.5, whatever the number was physical wall. So we need to cut this. But, like we stated before in the previous episode, this is something that could benefit America's economy.
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Jeezy: and we're closing the door on it in a short, sighted manner, not realizing the implications of what it could do, not just for America's economy, for the lives of the American people. Think about some of these people who have
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Jeezy: have worked. Maybe these industry, these factory jobs that now can transition over and train and and transition into the workforce where they can be in clean energy, which provides them a higher salary, a better lifestyle, and they're able to benefit from this movement rather than taking and closing the door on it, and keeping us on this very surface level aspect of where we see our economy being from an industry industrial and a manufacturing perspective.
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Manny: You. You called it out, and I want to circle back to it.
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Manny: What are we saving? Well, ending the electric vehicle tax credit could save an estimated 240 billion over 10 years. So we're talking about 24 billion a year.
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Jeezy: Yeah, yeah.
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Manny: The residential, clean energy credit that's going to save 9 billion annually.
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Manny: And I'm not an expert in math, but
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Manny: both of those sound like they don't add up to what we're going to spend for this stupid wall.
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Jeezy: Nope.
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Manny: Like this is
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Manny: actually going to make money for us again. This goes back to what I said. Being conservative is not just about cutting cutting costs, being conservative is about making the proper investments when you need to, and you would think
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Manny: that someone who was in private business
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Manny: would be able to grasp that.
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Manny: but it and I get it. This the house wrote this so maybe maybe Trump himself did not write this, but this seems like a way you could invest in the American people
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Manny: for manufacturing jobs that you've championed for becoming dominant in the energy space to put America first.st This is an opportunity to do that, and we are looks like we're about to fumble this ball.
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Jeezy: Yeah, yeah, we about to fumble the bag. Bro, so I think that you know, I agree wholeheartedly what you're saying, and I hope that maybe there will be some change of heart in this. But I think that trump is very adamant about his stance on green energy, and I just believe that's unfortunate, for where this could potentially take our country going forward in the future. So
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Jeezy: yeah, with with that, we are, we are at the finale of our coverage on this big, beautiful bill. But the the last thing.
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Manny: I do want to slide in something real quick before we get into the the cost of all this.
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Jeezy: Okay, yes, sir.
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Manny: So there, there's a very small provision around AI
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Manny: and a 10 year moratorium on State laws giving regulations to AI companies.
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Jeezy: Hmm.
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Manny: To to which I said, Hmm, this is interesting.
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Manny: to which I also say, Hey, States Rights people, where y'all at
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Manny: where this does appear to be a State's right
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Manny: that the the Federal Government now appears to be stepping on. Where are y'all at?
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Manny: But are y'all y'all gonna uprise?
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Manny: No, no, you're good. Okay, okay, cool. I I was trying to figure out where y'all were at. But
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Manny: look, AI is, brother, this is going to be a problem.
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Manny: AI, look, I, I've seen Google's new drop of Vo, and these, these videos are tough.
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Jeezy: These videos are tough.
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Manny: So if we don't get control of this.
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Jeezy: It's gonna get out of hand.
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Manny: It's gonna get out of hand real fast.
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Manny: Real, fast.
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Jeezy: We gotta figure it out. It's not on as a larger scale as AI, but it reminds me of
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Jeezy: in il in college, and how we we keep kicking the can, and we don't. We don't get this thing figured out, and before you know it the floodgates open and we got a problem.
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Manny: Here we are, sitting on our hands, trying to figure it out.
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Jeezy: Yep. So I definitely something needs to be done because it's a fast lane, that is, if we're not careful. That vehicle is going to be passing by us on the highway. So oh, yeah, I agree with you wholeheartedly, brother, so yeah.
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Manny: Yes, back back to where we're going.
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Jeezy: So in all of this coverage that we've done between part 2, excuse me, part one and part 2.
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Jeezy: Where does this? Where does this, leave us with the debt ceiling, and if you've heard all these numbers, and if you carry the one and drop the 4 and add the 5 you already understand, and probably know, that the debt ceiling is increasing. This will be raising the Us. Borrowing limit to 4 trillion dollars, but it will
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Jeezy: prevent default through the next administration past 2026. So
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Jeezy: when we calculate all these numbers and add all this up when it comes to the debt ceiling, I think that we can categorize this, and I'll let you expand on it a little bit more, brother, but I think that we're going from a debt ceiling to a debt explosion.
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Manny: Oh, yeah. Oh, yeah. And I think more specifically what this does. The debt ceiling there's ain't no debt ceiling from from now to 2027,
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Manny: break out the black card, run it.
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Jeezy: That's Aaron's account. Bro, just.
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Manny: The fact that we are so willing. Like our good brother Rand, Paul said. You know the House version. Put it up 4 trillion. The Senate version, put it 5 trillion. This is wild. We are literally
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Manny: here we go. Here comes my rant.
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Jeezy: Another maniac.
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Manny: These decisions are being made by people who will not have to shoulder the financial responsibility of dealing with it.
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Manny: So to just say, Hey, we're going to add 4 or 5 trillion to it is is irresponsible.
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Jeezy: I completely agree. I think it's very irresponsible. I think a number that I saw that said that the National Debt was headed towards about 36.2 trillion. If I have that number correct.
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Manny: Oh, no, no, see! And that's why I paused real quick, because I went to go there. If you go to us debt clock.org
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Manny: as as we are recording, the Us. National debt
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Manny: is 36.9 trillion.
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Jeezy: Oh, jeez.
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Manny: That is a hundred $7,000 per citizen.
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Manny: So so your kids and my kids already, you pop out.
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Manny: You get this $1,000 account from trump, and you still attribute to a hundred $7,000. Oh, and even better, even better if you look at the debt per taxpayer. That's about a hundred. Sorry, 300
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Manny: and $25,000 per taxpayer.
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Jeezy: Bro. This this is. This is, in my opinion, this is very reckless. Man.
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Manny: But it's got to start like at some point we have. We're going to have to do something.
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Jeezy: Bro. We we had to do something. So so with that being said.
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Jeezy: with no new fiscal rules or reforms attached, it's just more borrowing.
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Jeezy: It sounds like we're just kicking the can down the down the road and ultimately just delaying our reckoning, because I feel like at this point, and I think that I have seen over over some of our lovely members that are in the tinfoil hat community. They've been saying that
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Jeezy: they have been saying that
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Jeezy: this is a prepping of the collapse, and they have been calling this the great reset
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Jeezy: where the global financial restructuring will lead will be led by the World Economic Forum. And this is just getting us to that that point as fast as possible, because I think that at some point
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Jeezy: as much spending as you as much borrowing as you have to do. Eventually there has to be something that the purse has to pop.
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Jeezy: At some point. And I feel like we're we're being very reckless in how we're doing this and expand these things just for the sake of doing whatever it is that we we feel needs to be done from a budget perspective. So.
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Manny: Well, if you look at our national debt
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Manny: approximately. Hold on. I'm just. I'm validating this number, so I don't want to come in here.
436
Manny: I'm gonna roll with it.
437
Manny: total publicly held. US. Debt is about 26 trillion dollars.
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Manny: 70% are domestic investors. So about of that 2618 trillion are domestic. 8 trillion are foreign investors.
439
Manny: so we owe a lot of money to ourselves.
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Jeezy: Yeah.
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Manny: It's. But again, you're looking at a global economic system that.
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Jeezy: Is.
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Manny: Built on the Us's work and our ability to pay these bonds. You know the Us. Losing our triple a status now across all the major credit bureaus are problematic is problematic.
444
Manny: But getting back to the the big, beautiful bill.
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Manny: most of this. So extending the tax cuts, you know, that's a loss of revenue of 2.2 trillion business tax cuts, 1.1 trillion expanded. Childcare Credit, 410 billion.
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Manny: The Trump savings accounts, 180 billion. Is not that bad? Not that bad? Not that bad. So, and the eliminating Irs direct file program which we didn't have time to get into that. But that's a 20 billion in savings.
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Manny: Then you got the defense spending that we're increasing and border security. That's another 220 billion dollars.
448
Manny: Yeah.
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Jeezy: The bath ain't matter.
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Manny: The math is. Probably we ain't got it, man.
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Manny: man, I ain't got it, man.
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Jeezy: But we we must be trying to rub pennies together and make dimes, because I'm I'm not understanding this. It leads me to think, Bro. We can't be this bad at budgeting, or we could.
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Manny: Moody's, Moody's and Fitch said, the fiscal trajectory is viewed as unsustainable.
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Jeezy: Bye, I would I would agree with with brother Booty.
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Jeezy: I'm not. I'm not expert by any sort, by any sort of imagination.
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Manny: For pause. It's Brother Moody man, moody.
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Jeezy: Moody.
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Manny: That's why.
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Jeezy: Bro. I would imagine. Bro. The numbers just don't seem to be mapping to me, man, and I think that with the amount of of passing that this bill has where we've had a lot of people sign off on it. I believe that there were only none of the Democrats voted for it.
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Jeezy: And I think.
461
Manny: Passed by one vote in.
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Jeezy: Yeah. He passed by one vote, you know.
463
Jeezy: I will say. And I always tell people
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Jeezy: it's very important that when these votes go down to know who voted for what?
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Jeezy: So that when it comes time
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Jeezy: for you to go back to that ballot box, and you got a problem with something that impacted you greatly remember, remember, who voted for it.
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Manny: Look you ask your politician if they took the part in the politics, challenge.
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Manny: And read that page. Read a page out of the Harry Potter book.
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Jeezy: -
470
Manny: But again, like. So let's talk about that very quickly. Let's talk about the path that this has to go on. So it's past the House. It's heading over to the Senate. Yeah, it's they're trying to get it through under budget reconciliation. But that's not going to work. Yeah, because for that to work. If the exact same version of the bill has to pass in both the House and the Senate, otherwise they need to get 60 votes in the Senate for this to pass, and there is no way
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Manny: that this is going to get 60 votes. So they're going to have to make changes to this to get it, to pass in the Senate, and then send it back to the house.
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Manny: I don't know what's going to happen.
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Manny: Yeah, because
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Manny: we saw Trump himself having to go down to Congress and say, Please vote for my bill. Please vote for my bill, sir.
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Jeezy: Please please my big, beautiful bill. Please.
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Manny: It's so beautiful.
477
Manny: so I don't i i don't see this getting done very quickly. I think we have another couple weeks of this saga to play out, or we could be completely wrong, and by the time that we release this they've passed the bill. Who knows?
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Jeezy: We will see. I think, that I would hope that this bill will be challenged with some of the things that we've broken down, and how this bill will impact Americans. I hope that it will be challenged. But there's been a lot of hope that's gone around, and we've seen that those hopes have fallen very short and very flat.
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Jeezy: When it comes to some of the things that have happened in our political landscape. So we'll see man.
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Manny: Hope is not a strategy actually not. Hope is only a strategy when you have that hope in the in the Most High Jesus Christ that that is the only place where hope is a strategy.
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Jeezy: Yup, but other than that, yeah, no.
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Manny: Not so much. Yep.
483
Jeezy: So that is our coverage of this big, beautiful bill that has been provided to us, and I hope that the questions and our coverage of this and the details that we provided have gotten you as our listeners to really to really think about
484
Jeezy: these things. As we said in the previous episode. We we don't and don't in no shape, form, or fashion think that everyone read these a thousand pages. But hopefully, this will kind of spark something in you, the listener to maybe not read all a thousand pages, but really do your research
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Jeezy: and look into what is being signed? What is being passed through in Washington, and how that will ultimately affect you, the American people where the boots that are on the ground, and ultimately these decisions that are being made impact us the most. So
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Jeezy: with that being said, that is our coverage. That's our part 2, our 1st ever part. 2 of doing an episode. Hopefully, you guys enjoy it.
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Manny: Happy. Wednesday, everyone.
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Jeezy: Yeah. Happy Wednesday. Happy hump day. Hopefully, this, this episode, this part 2 finds you in great spirit. Thank you for tuning in. Thank you for listening. Thank you for coming back for episode 21, part 2, and hearing us wrap up this big, beautiful bill. So with that being said, brother, you you got anything.
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Manny: I'm good here.
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Jeezy: I'm I'm I'm good as well, too. We we're not gonna give you any spotlights or any.
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Jeezy: I'm not
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Jeezy: pickles. We're just we're just gonna give you the content, and we will see you at the next episode.
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Manny: See y'all on Monday. Yeah, we'll see y'all on Monday.
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Jeezy: So take care, take care, and remember, as always, if don't nobody love you just know the boys here, partner, politics. We do love you, so take.
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Manny: We love y'all.