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You never get everything that you want. because i'm a nerd, this is one of the reasons why -- one of the main reasons i ran, actually. i was concerned about -- get this, i was concerned about the national debt when i ran. it was at $4 trillion. it's at $31 trillion now. the debt under donald trump just exploded, even pre-pandemic, just exploded. here are some of the things that will happen. this will limit discretionary spending in 2025. budget increases next year, in line with what joe biden actually asked for. funding will be closer to this year's level in 2024. republicans wanted ten years ...

Obviously you need to have them in the senate or this thing goes nowhere. depending on the number of democrats you get and the number of house freedom caucus members who do not vote for this, mccarthy could find himself in a similar position boehner did in the 2015-2016 days, he had to rely on democrats to get through republican bills and put him in a very precarious position. and consider one of the conditions that mccarthy agreed to to become speaker was a one vote proposal to vacate the chair, one vote on a motion to vacate the chair, he could find himself in hot water if somebody really wa...

Plus: A listener question cross-examines prior 'Reason Roundtable' discussions surrounding immigration, economic growth, and birthrates.

Have an agreement in principle that accomplishes two main things. number one, it takes the possibility of defaulting on our debt off the table, something that would've done tremendous harm to american finances, and americans retirement accounts. number two, this agreements preserves the incredible progress that we've made on the economy over the last two years. remember, over 12 million jobs created signature pieces of legislation over the last two years. all of those are preserved, and locked in minister great meant. to answer your specific question, no, what this does is basically resumes th...

Quote, undoubtedly the most uncompromising -- the two parties have struck in more than eight decades. why do you see it this way? >> i think there have been a lot of parallels drawn to the 2011 debt limit standoff. because the dynamics in congress were somewhat similar this time around. so back in 2011, we saw republicans extract ten years of strict funding caps from the obama white house. that agreement, congress didn't ultimately adhere to that for the entire ten years. but in terms of striking a bipartisan agreement, this is somewhat similar. certainly, this is not a decades worth of spendi...