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Ron Johnson

Ron Johnson on “Big, Beautiful Bill” Spending: “It’s Immoral”

by George Caldwell, Daily Signal
June 3, 2025

(Daily Signal)—As a Republican holdout on the “big, beautiful” budget bill, as President Donald Trump calls it, Sen. Ron Johnson thinks he has a fairly simple request for the 10-year budget plan: Go back to the drawing board and cut spending down to pre-COVID-19 pandemic levels.

“That pretty well sums it up in one chart,” said Johnson, R-Wis., in his office Tuesday, passing a historical timeline of deficit levels across his desk.

Johnson, a fiscal hawk who was first elected senator during the fiscally conservative tea party wave of 2010, would like to see Republicans hit the brakes on the current bill and slash federal programs.

The chart goes from the $200 billion deficit levels of the early 2000s to the $2.6 trillion deficits projected by the Congressional Budget Office for the mid-2030s if the House of Representatives’ big, beautiful bill were to pass as is.

Johnson says these budgetary deficits could have catastrophic effects, as signaled by shaky bond markets he thinks are reacting to runaway spending and excessive borrowing.

“The bond markets are indicating things: Moody’s, the last credit rating agency to downgrade our credit rating. These are all signs,” he said.

“They’re not good signs. Global investors—one of the reasons interest rates are moving up is they’re not plowing their money into the U.S. bond as a safe haven. They’re buying gold. Just look at what the market is telling us. The market doesn’t lie.”

What Will Trump Say?

Johnson’s current opposition to the bill may put him in an awkward position with Trump—who has called for its speedy passage—but he says he’s hopeful Trump can be won over. Johnson is a longtime ally of the president.

He was reportedly phoned into a conversation between Trump and Senate Majority Leader John Thune, R-S.D., on Monday.

“I’m more than willing to work with the president. Based on our conversation, it sounds like he’s more than willing to work with me and others that have serious reservations. He wants to bend that [deficit] down,” the Wisconsin lawmaker said, adding:

At the State of the Union, [Trump] said he wanted to balance the budget. Well, we’re a long way from balancing the budget.

Johnson’s Counterproposal

Johnson’s proposal is to split the bill in two. One bill would “get what we need to get done quickly”; namely, raising the debt ceiling for a year to avoid a default on the national debt, extending Trump’s first-term 2017 tax cuts before their expiration, and banking the easiest savings.

The second part, Johnson said, would be a Department of Government Efficiency-inspired “forensic analysis” of the federal budget, in which “you can probably eliminate hundreds of billions of dollars of spending that nobody would even notice, other than the grifters who are sucking down the waste, fraud, and abuse.”

“Did you realize there’s 2,600 programs in the federal government?” he said. “I bet you could eliminate half of them, and you would be none the wiser.”

He dismissed the idea that these cuts would clash with the Senate’s Byrd Rule, which forbids provisions that are not primarily budgetary.



“The things I’m talking about all have budgetary impacts. I mean, you just cut a program up,” he said.

Johnson told The Daily Signal that he’s not alone in his wish to dramatically alter the 10-year spending plan.

There are “four people that unless significant changes are made, we’ll not support it,” he said, adding:

I think there’s a much larger number of people who get this, want to do something about it, are probably a whole lot quieter than those of us who are speaking out about this.

As a member of the Senate Budget Committee, Johnson is in a position to potentially stall the bill if he so wishes.

“My primary effort right now is just to force people to look at the numbers, to make them look at the facts and acknowledge them,” he said, when asked whether he would attempt to use that position as leverage.

Will Johnson Fold Under Pressure?

The situation is sure to get more stressful for Johnson the closer the Senate gets to its preferred deadline for passage of the bill of Independence Day, July 4.

Advisor Bullion Gold Surge

Asked what he would do if Republican leadership dared him to vote against a bill that would extend Trump’s tax cuts and prevent a potential default on the national debt, Johnson suggested he wouldn’t blink.

“I recommend they don’t dare me,” he replied. “Work with me, and let’s do something that can pass, something that I can support.”

A likely reason the entire budget process has been packed into one big, beautiful bill as opposed to two or three is to increase the pressure on members to vote for it.

If controversial provisions are included with others that are almost universally considered necessary by Republicans—such as raising the debt ceiling—then holdouts are less likely to vote against the bill.

Johnson says that won’t work on him.

“That has succeeded in the past. It still might succeed; it’s hard to say. I mean, I know why they bundled it all up,” he said.

Promised Grounds

“It’s like, ‘Oh, you’re going to really vote against it? You’re going to vote to, in effect, default on the debt? You’re going to vote to actually increase people’s taxes?’”

“I understand the pressure coming our way, but this is what I can’t vote for. I can’t accept this without doing something about it,” he said, pointing at the deficit chart again.

“We can’t acquiesce to this. I mean, what we’re doing here, it’s wrong. It’s immoral. The transfer of wealth from young to old is literally immoral. It’s got to stop.”

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Comments 6

  1. Jasonn says:
    12 months ago

    Ron is a legend in his own mind and wants to make himself look good by raising our taxes.

    Reply
    • The Prisoner says:
      12 months ago

      You are a whining nonsense emitter. So, you were of course unable to refute anything Johnson said.

      Reply
  2. LABillyboy says:
    12 months ago

    He’s right. Go back to the 2019 budget and pass it. I am certain we will survive on $4.4 Trillion which would be balanced.
    Dump all the covid spending and the Democrat orgy of the last 4 years. Make it simple, no pork, no fraud, no abuse. (Circle back to get those out) No reason we can’t get by on $4 Trillion a year…

    Reply
  3. Jack Fanning says:
    12 months ago

    Just give us a bill that cuts spending drastically. That is all we want. Nothing more.

    Reply
  4. The Prisoner says:
    12 months ago

    Johnson is of course correct.

    How about some of the corrupt RINOs such as Thune step forward and start working on improvements, instead of wasting time? War lover Graham went out to Ukraine to try to start WW3.

    Trump said he supports improvements to the bill.

    Reply
  5. Proudly Unaffiliated says:
    12 months ago

    The funniest part is “our” National Debt is a complete fiction. Johnson must have his Johnson in a vise of sorts…

    I asked Grok these two questions—
    Can the current US President direct the Secretary of the Treasury to mint a single coin equivalent to the national debt? And must it be accepted by the Federal Reserve System?

    Answer to the Query
    Yes, the current US President can direct the Secretary of the Treasury to mint a single coin equivalent to the national debt, and the Federal Reserve System must accept it as legal tender. Below, I’ll explain the legal basis, process, and implications of this hypothetical scenario.

    Legal Authority to Mint the Coin
    The President, as the head of the executive branch, has the authority to direct the Secretary of the Treasury, who serves at the President’s discretion. The Secretary of the Treasury, in turn, has the legal power to mint such a coin under 31 U.S.C. § 5112(k). This statute authorizes the Treasury to mint platinum coins in any denomination, with no specified upper limit. Originally intended for commemorative purposes, the law’s broad language allows the Secretary to assign a face value equal to the national debt—currently over $35 trillion. Thus, the President could instruct the Secretary to mint a single platinum coin with this massive denomination, and the action would be within the Treasury’s statutory authority.

    Federal Reserve’s Obligation to Accept the Coin
    Once minted, this coin would be considered legal tender under US law. The Federal Reserve, as the nation’s central banking system, is required to accept lawful money, including coins issued by the US Treasury. According to 12 U.S.C. § 411, Federal Reserve notes are legal tender for all debts, public and private, and the broader legal framework obligates the Federal Reserve to accept US currency. Since the platinum coin would be an official product of the Treasury, the Federal Reserve would have no legal basis to refuse it. The Treasury could deposit the coin into its account at the Federal Reserve, which would then credit the account with the coin’s face value, effectively increasing the Treasury’s funds to pay off debts.

    Practical Context: The Platinum Coin Solution
    This concept, often dubbed the “platinum coin solution,” has been proposed as a theoretical workaround to the debt ceiling—a legal limit on federal borrowing set by Congress. By minting a coin with a face value matching the national debt, the Treasury could deposit it at the Federal Reserve and use the resulting funds to meet obligations without additional borrowing, bypassing Congressional gridlock. While never implemented, the idea gained attention during past debt ceiling debates.

    Potential Challenges and Implications
    Though legally feasible, this action would be highly unconventional and could face significant hurdles:
    – Political Backlash: Congress holds the “power of the purse” under the Constitution, controlling spending and borrowing. Minting a coin to sidestep the debt ceiling might be viewed as an overreach, potentially sparking legal challenges or political opposition.

    – Economic Risks: Depositing a multi-trillion-dollar coin could be perceived as money printing, raising concerns about inflation, currency devaluation, or loss of confidence in the US dollar.

    – Practicality: The national debt comprises numerous obligations to diverse creditors, not a single payable sum. However, the coin’s deposit would still provide the Treasury with funds to address these debts incrementally.
    Despite these issues, they do not negate the legal authority to mint the coin or the Federal Reserve’s obligation to accept it.

    Conclusion
    In summary, the President can direct the Secretary of the Treasury to mint a single platinum coin equivalent to the national debt under existing law, and the Federal Reserve must accept it as legal tender. While this approach is theoretically sound, its unprecedented nature and potential consequences make it a controversial and untested option.
    Disclaimer: Grok is not a lawyer; please consult one. Don’t share information that can identify you.
    cc.
    @realDonaldTrump
    @SecScottBessent
    @USTreasury
    @federalreserve
    @POTUS
    @WhiteHouse

    Reply

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