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Mike Johnson: “We're $37 trillion in debt as a nation because you have two…”

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

Speaker Johnson Joins Squawk Box on CNBC

Published October 23, 2025 | Video Starts at 14:03

I don't operate that way. It's not good for the people. It's not good for financial stewardship and it's part of the reason We're $37 trillion in debt as a nation because you have two or three or four people in a back room doing that. We're not, we're not operating that way. That's Chuck Schumer's old way. We need this to work for the people again. And that's what I'm insistent upon. (14:03–14:09)

CLAIM

Asserts that the U.S. national debt is $37 trillion due to decisions made by a few individuals.

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

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“This is the first time in American history that any party has had the audacity to shut the government down over a clean, nonpartisan CR.”
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“13 times during the four years of the Biden administration they voted on CRS.”
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“The cost sharing reductions model... would have brought premiums down 12% for the average American, and it would have saved taxpayers $30…”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 16:53-17:06
“Doing that will cost, as you said, $350 billion over 10 years.”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 17:37-17:42
“The CBO says the measures that we did in that bill on Medicaid, for example, going to save $185 billion.”
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“Shutting the government down would cause great pain to the American people.”
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“They want a trillion and a half new dollars of wasteful spending.”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 03:38-03:43
“They want to prop up leftist news organizations with the Corporation for Public Broadcasting with a half a billion dollars.”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 03:42-03:49
“They want to send billions of dollars back overseas to social programs in foreign countries.”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 03:48-03:53
“They want to extend those Obamacare subsidies permanently without any reforms.”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 03:55-04:00
“The cost of health care has skyrocketed since Obamacare was created in 2010.”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 04:14-04:20
“The subsidy is a Covid era subsidy the Democrats created themselves.”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 04:44-04:50
“We need troops paid TSA agents, Border patrol agents and air traffic controllers and veterans health services and nutrition services to…”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 06:09-06:18
“Every Democrat in the House voted against [the bill to fund the government].”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 07:03-07:06
“The Senate Democrats just batted [the defense appropriations bill] down last week.”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 07:14-07:23
“Leader Thune is going to put on the floor a bill to pay essential workers.”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 07:26-07:31
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Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 07:39-07:43
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Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 07:46-07:51
“Chuck Schumer has been in Congress for 44 years.”
Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 07:52-07:56
“That bill has been sitting on Chuck Schumer's desk.”
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Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 09:13-09:17
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Speaker Johnson Joins Squawk Box on CNBC | Uploaded October 23, 2025 | 13:54-13:58
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“The Obamacare subsidy extension is going to increase premiums in some categories.”
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“We're not going to allow Chuck Schumer to hold the American people hostage so they can get a trillion and a half new dollars in spending.”
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