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Mike Johnson: “Debt cliff comes upon us about mid to late July.”

Featuring: Mike Johnson, Republican | Speaker of the United States House of Representatives | National

Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges

Published June 18, 2025 | Video Starts at 32:24

51 vote threshold in the Senate. If we don't succeed in this, we're going to run out of time. The tax cuts will expire. Largest tax increase in U.S. history. Debt cliff comes upon us about mid to late July. We will have no foreseeable way out of that dilemma. The Democrats are not going to help on any of these substantive matters and all the beautiful policies, things that are entwined in this, we're in serious trouble. (32:24–32:28)

CLAIM

Asserts that a debt cliff is expected around mid to late July.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Mike Johnson

“If we don't make the tax cuts permanent from 2017, there's a tax hike, effectively largest in history.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 07:19-07:25
“They missed the analysis on the TCJA, the Trump tax cuts by $1.5 trillion.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 18:32-18:38
“Never in U.S. history have we sustained less than 2% [growth] for 10 years.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 19:32-19:37
“Exactly. It's 73, 74% of spending, which is on autopilot, which is frightening.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 22:58-23:04
“We're within like about an eight year wind for Medicare and Social Security and Medicaid for that matter, to be insolvent.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 39:23-39:32
“In fact, only twice in 90 years has a sitting President's party picked up seats in that first two years.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 40:41-40:48
“Yes. And I told Elon, and we've had delightful conversations about this. I said, elon, you think of this as a data analyst and a scientist…”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 01:56-27:57
“Since [the Reagan years], the discretionary spending pie has shrunk, and more of it has become mandatory spending.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 03:43-37:09
“This is not a spending bill. It's a budget reconciliation bill.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 04:01-04:07
“When you are reconciling a budget, you only need 51 votes in the Senate.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 04:33-04:38
“You can't do big policy changes. You can only do things that reduce the deficit, reduce the budget.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 04:45-04:51
“We delivered that product. And what's in it is incredible. It is truly historic.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 06:41-06:46
“We're going to deliver, by our estimates, $1.6 trillion in savings.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 06:52-06:57
“We have an historic level of investment in border security because that was the number one issue in the election.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 07:33-07:39
“American energy dominance will return because we have regulatory reform.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 07:58-08:02
“We're going to secure and strengthen [Medicaid and SNAP] by eliminating fraud, waste and abuse.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 08:13-08:18
“We have a very diverse Republican majority.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 12:49-12:53
“Democrats really do think and act like a union. They are kind of socialist in their philosophy and their ideology.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 13:23-13:30
“If the Democrats took over in 2026, in the midterm, they would impeach President Trump on the first week of that Congress.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 14:12-14:19
“The CBO is historically inaccurate when it comes to projecting growth in the economy.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 18:00-18:06
“They are not making any account whatsoever for tariff revenue or the new trade agreements.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 19:39-19:45
“We had the greatest economy in the history of the world [during the first two years of the Trump administration].”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 20:24-20:27
“Europe has to be rebuilt. Everybody does all the trade agreement arrangements and agreements and they said, well, Americans can afford it…”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 21:00-21:18
“We didn't have this massive increase in inflation and consumer prices that everybody projected.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 21:25-21:31
“Appropriations bill, very important to understand why that is, because we were talking about the archaic rules.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 22:32-22:38
“We have a plan to [change the trajectory of debt], but I can't do it tonight.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 23:05-30:24
“So the, the way we're going to codify the Doge savings, which I am a big fan of, I mean, I've, I've, you know, celebrated Elon's efforts…”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 23:18-23:28
“A rescission package has been sent to us. It's foreign aid spending that was largely usaid.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 24:44-24:52
“Corporation for Public Broadcasting because NPR and PBS have been abusing the system for quite some time with their non objective coverage…”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 24:53-25:01
“The framers of this grand system we have, they wanted a small federal government. They wanted most of the power reserved to the states.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 25:34-25:42
“State legislatures, like in my home state of Louisiana, are creating Doge committees.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 28:29-28:33
“Ron Johnson...he'd like to cut $8 trillion from the federal budget tonight.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 30:23-30:30
“The House worked on this [legislation] for about 14 months before the final product.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 30:54-30:59
“The entire Trump agenda, the entire America first agenda, all the promises we've made...are wrapped in this legislation.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 32:06-32:12
“If we don't succeed in this, we're going to run out of time. The tax cuts will expire. Largest tax increase in U.S. history.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 32:17-32:17
“The Democrats do not seem to care at all about the debt. They will spend us into oblivion, which is how we got into this situation the last…”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 38:19-38:27
“Biden and Harris spent like drunken sailors.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 38:26-38:30
“The big beautiful bill is a very important first step in that saving $1.6 trillion is a big thing.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 38:33-38:40
“We experienced a true demographic shift in the 2024 election.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 41:43-41:47
“We had a record number of Hispanic and Latino voters, black and African American voters, Jewish voters, union workers who came to the…”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 41:48-41:56
“The big beautiful bill is geared for lower and working class Americans. They are going to receive the greatest amount of tax relief.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 42:41-42:49
“There were 13 House Democrats sitting in districts that President Trump won.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 43:07-43:12
“There were 21 House Democrats in districts who came within five points of winning.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 43:11-43:16
“Conversely, there's only three House Republicans sitting in districts that [Kamala] Harris won.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 43:15-43:21
“I'm a wartime speaker. I have been in fifth gear since October 25th of 2020.”
Interview with Speaker Mike Johnson on the 'One Big Beautiful Bill' and Congressional Challenges | Uploaded June 18, 2025 | 44:05-44:10