How Trump's Budget Bill Could CRUSH Republicans

The Chris Cuomo Project

Chris Cuomo

News, News Commentary, Politics, Government

4.6 • 3.3K Ratings

🗓️ 5 June 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Chris Cuomo breaks down why President Trump’s new budget reconciliation bill—officially called the “One Big Beautiful Bill”—could become the defining issue of the midterms. While Republicans frame the legislation as a path to tax relief and fiscal discipline, Cuomo argues it adds trillions to the debt and deficit, hurts the same working-class voters who helped elect Trump, and exposes deep fractures within the GOP. Plus, Kirk Elliott, Ph.D. (Owner and Founder, Kirk Elliott Precious Metals) joins to explain how mounting debt, persistent inflation, and Moody’s recent downgrade of the U.S. credit rating are reshaping the financial landscape—and what individuals can do to protect their money Follow and subscribe to The Chris Cuomo Project on Apple Podcasts, Spotify, and YouTube for new episodes every Tuesday and Thursday: https://linktr.ee/cuomoproject Join Chris Ad-Free On Substack: http://thechriscuomoproject.substack.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	The budget battle could determine the midterms, and it is President Trump's biggest fight,
0:07.2	and it's with his own party.
0:16.3	I'm Chris Cuomo.
0:17.5	Welcome to the Chris Cuomo Project.
0:19.3	This budget bill is going to go through different changes,
0:21.7	and I don't even know how this is going to age.
0:23.3	But right now, I can take you through what is the insider's guide to why this bill is just a redonculously difficult cell.
0:34.3	And Trump may have made a huge miscalculation, okay? First, let's start with what our basis
0:40.1	of analysis is, okay? The CBO, here's what you need to know, all right? The CBO is as fair as it gets.
0:48.6	It is the model, the Congressional Budget Office, for how to look at things in a nonpartisan way.
0:54.6	We pay for it, okay?
0:56.6	Congress appropriates the money for it.
0:59.7	Congress oversees it, obviously, on the House and Senate side.
1:03.5	So it checks every box, okay?
1:06.0	They have no profit incentive, all right?
1:08.5	It is staffed with a whole variety of people to please Congress,
1:13.2	right? So it's as good as it gets. So every time somebody says, oh, the CBO, they never know,
1:18.0	oh, they're terrible. That is one of two people. A private sector person who's just trying to say
1:23.5	they're better than government read full of shit, okay? And the second person is someone who just
1:28.9	doesn't like the outcome. So this budget bill fails in a big way to do the only thing that matters,
1:37.2	okay? What is the big ticket issue for Trump and the Republicans? What have they kept talking
1:42.2	about? The debt and the deficit, right? Spending,
	...

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