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Newt's World

Episode 814: Federal Budget Spending Priorities

Newt's World

Gingrich 360

News, Politics

4.76.3K Ratings

🗓️ 22 February 2025

⏱️ 37 minutes

🧾️ Download transcript

Summary

Newt discusses federal budget spending priorities and the budget reconciliation process with Richard Stern, Director of the Grover M. Hermann Center for the Federal Budget at The Heritage Foundation. They explore the complexities of the reconciliation bill versus regular spending bills, the historical context and evolution of the reconciliation process, and the challenges of passing significant legislative changes in a divided Congress. Stern emphasizes the importance of bold leadership and public education on fiscal issues, drawing parallels between current political dynamics and historical figures like Andrew Jackson. Their conversation also touches on the impact of pork barrel spending and the need for a cultural shift towards fiscal responsibility and transparency.

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Transcript

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0:00.0

On this episode of NUTT World, President Trump was elected with a mandate to secure the border and enforce immigration law,

0:12.4

revitalize our national defense, unleash America's energy resources, and cut wasteful and fraudulent government spending that has driven inflation.

0:22.9

To deliver on this agenda, Congress will need to fund these priorities.

0:28.2

Here to talk about the federal budget, spending priorities, and the budget reconciliation

0:33.0

process. I'm really pleased to welcome my guest, Richard Stern, director of the Grover M. Herman Center

0:40.7

for the federal budget at the Heritage Foundation. Prior to joining Heritage, Stern was a congressional

0:47.3

staffer for over seven years. During that time, he served as a policy staffer for the Republican

0:52.7

Study Committee, where he was the

0:54.6

staff lead for their budget and spending task force and spearheaded their work to create

1:00.6

their fiscal year 2020 and fiscal year 2022 federal budgets.

1:17.7

Richard Richard, welcome, and thank you for joining me on Nutes World.

1:19.5

Thank you for having me on today.

1:23.6

I think it will be really helpful because, as you know, this is very complicated.

1:27.4

And so we want everybody to have sort of baseline knowledge. So let's just start

1:29.7

with a very simple. Can you explain the difference between a reconciliation bill and a regular

1:36.4

spending bill? Absolutely. And thank you for having me on for the conversation today.

1:41.7

I think as a lot of people are starting to learn more about,

1:45.1

you would think that having control over the House and the Senate means that you would well

1:49.8

have control over the House and the Senate. But the truth is, you need 60 votes in the Senate

1:55.6

to be able to clear a normal spending bill. And in fact, you would need 60 votes in the Senate to clear

2:01.9

any normal piece of legislation. And so the thing that a reconciliation bill does is it

2:08.4

unlocks a magic 50-vote threshold with the vice president as the tiebreaker to clear through

...

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