WEBVTT 1 00:00:00.440 --> 00:00:00.880 Forecasts. 2 00:00:00.920 --> 00:00:03.600 Okay for today all the way through Saturday, and every 3 00:00:03.640 --> 00:00:08.759 day comes with showers, storms and sometimes heavy showers and storms. 4 00:00:08.800 --> 00:00:11.839 So both day and night that in the consideration today's 5 00:00:11.880 --> 00:00:13.640 high sixty nine over nine fifty three. 6 00:00:13.720 --> 00:00:15.359 Tomorrow's high will be sixty three with. 7 00:00:15.320 --> 00:00:17.800 An overnight love of sixty We'll reach a high sixty 8 00:00:17.800 --> 00:00:21.120 seven on Saturday, and that flood watch expires on Sunday 9 00:00:21.160 --> 00:00:24.480 morning sixty five degrees. Right now, let's get a traffic updates. 10 00:00:24.480 --> 00:00:25.839 From Traffic Center. 11 00:00:25.839 --> 00:00:27.199 Don't let injuries slow you down. 12 00:00:27.239 --> 00:00:30.079 The U see Health Orthopedic SAM supports medicine experts can 13 00:00:30.120 --> 00:00:32.799 help keep you moving. Schedule the same day appointment at 14 00:00:32.880 --> 00:00:36.479 ucehealth dot com. South Bend seventy five breakway. Just you 15 00:00:36.560 --> 00:00:40.119 come out of Bachman now northbound seventy five beginning to 16 00:00:40.159 --> 00:00:44.039 fill in just a bit approaching Kyle's southbound two seventy 17 00:00:44.039 --> 00:00:47.240 five continues to be the heaviest between the Lawrenceburg Ramp 18 00:00:47.359 --> 00:00:50.399 and the Carrol Cropper Bridge, Chucking rom onnth fifty five 19 00:00:50.479 --> 00:00:52.200 KR and see the talk station. 20 00:00:53.719 --> 00:00:56.320 Seven thirty eight at five krc DE Talk station and 21 00:00:56.359 --> 00:00:57.479 a happy Thursday to you. 22 00:00:58.000 --> 00:00:58.679 Fast forward an hour. 23 00:00:58.679 --> 00:01:00.640 We're gonna hear from my Heart mediavia next Bert, Jay 24 00:01:00.719 --> 00:01:03.679 Ratliffe and head over at fifty five KRC dot com. 25 00:01:03.960 --> 00:01:06.079 Joe's already posted the conversation I had just now with 26 00:01:06.159 --> 00:01:08.239 Ken Blackwell. We had a special edition of the Big 27 00:01:08.280 --> 00:01:11.239 Picture with Jack alan In earlier on tariffs and he 28 00:01:11.319 --> 00:01:14.599 reminded us that today is the anniversary of the Sailor 29 00:01:14.680 --> 00:01:18.519 Park Tornado that was April third, nineteen seventy four. 30 00:01:18.400 --> 00:01:19.760 Amember like it was yesterday. 31 00:01:20.480 --> 00:01:25.040 And thanks to Jess Obert from Peyton's Lemonade Stand getting 32 00:01:25.120 --> 00:01:27.519 us up to speed because it is fast approaching, great 33 00:01:27.560 --> 00:01:30.799 opportunity to help out to charity. You too can open 34 00:01:30.879 --> 00:01:32.920 up your own lemonade stand. Just reach out to them 35 00:01:32.959 --> 00:01:35.280 through the link. They will do everything for you. Just 36 00:01:35.280 --> 00:01:37.120 get in touch with them. It's a great opportunity to 37 00:01:37.159 --> 00:01:39.560 get some business exposure and if you want to be 38 00:01:39.599 --> 00:01:42.120 a sponsor, you can be a sponsor and you'll also 39 00:01:42.159 --> 00:01:44.120 get some great exposure on that. And with that, I 40 00:01:44.159 --> 00:01:49.000 want to thank specifically Fisher Homes. After hearing my conversation 41 00:01:49.079 --> 00:01:51.280 with Jess over they reached out to Peyton's Lemonade Stand. 42 00:01:51.319 --> 00:01:54.439 They are now an official sponsor, So God bless the 43 00:01:54.480 --> 00:01:57.879 Principles at Peyton Holmes for making that decision, and that's 44 00:01:57.879 --> 00:02:00.560 why I am giving you a shout out today. Let 45 00:02:00.640 --> 00:02:04.079 us turn to Senator rand Paul. Always a distinct pleasure 46 00:02:04.120 --> 00:02:06.280 to have you on the program. Senator Paul, Welcome back. 47 00:02:07.159 --> 00:02:08.800 Good morning, Brian, thanks for having me. 48 00:02:08.960 --> 00:02:10.479 Got a lot to go through. Just got on the 49 00:02:10.479 --> 00:02:11.520 phone with Ken Blackwell. 50 00:02:11.520 --> 00:02:13.879 We also talked about the Department of Government efficiency and 51 00:02:13.960 --> 00:02:16.199 Elon Musk And I don't know. I can't make heads 52 00:02:16.280 --> 00:02:18.759 or tails out of these leftists attacking cars that they 53 00:02:18.800 --> 00:02:22.560 once worshiped in the name of climate change, but that's 54 00:02:22.560 --> 00:02:27.439 what's going on. But they're trying to defend the indefensible, 55 00:02:27.479 --> 00:02:29.280 I mean, and also bringing to light and I wanted 56 00:02:29.319 --> 00:02:32.439 your reaction on this, the failure of our people, the 57 00:02:32.479 --> 00:02:35.000 folks in government, those behind the scenes working with the 58 00:02:35.039 --> 00:02:38.840 IRS social Security Department of minding tax dollars. How easy 59 00:02:38.960 --> 00:02:41.080 is or how difficult a chore is it to get 60 00:02:41.080 --> 00:02:45.080 people off active Social Security number lists when they obviously 61 00:02:45.199 --> 00:02:46.840 do not exist, are dead. 62 00:02:48.280 --> 00:02:49.800 You know, I don't think after you've been dead one 63 00:02:49.840 --> 00:02:52.159 hundred years you ought to be removed. They think we 64 00:02:52.199 --> 00:02:54.039 could all agree, you know, if you've been dead over 65 00:02:54.039 --> 00:02:56.080 one hundred years, maybe you shouldn't get any more social 66 00:02:56.080 --> 00:02:59.439 security now. Some of it is probably a glitch, and 67 00:02:59.479 --> 00:03:02.240 the way they have stuff recorded it makes a bit 68 00:03:02.319 --> 00:03:04.639 different whether you're on the rolls, whether they're collecting it. 69 00:03:04.719 --> 00:03:06.719 But for goodness sakes, can we not clean up the 70 00:03:06.800 --> 00:03:09.560 damn social security roles? The dead people don't get checks. 71 00:03:10.800 --> 00:03:13.400 You know, this isn't a brand new problem. During the 72 00:03:13.400 --> 00:03:18.039 middle of COVID, we noticed that there were reports coming 73 00:03:18.080 --> 00:03:20.599 back of dead people getting COVID funds, you know, getting 74 00:03:20.599 --> 00:03:24.199 these PPP loans for their business and stuff. This was 75 00:03:24.240 --> 00:03:27.360 a real scam and I think it was a thousand 76 00:03:27.479 --> 00:03:31.319 dead people got over like a billion dollars or something crazy. 77 00:03:31.599 --> 00:03:33.680 And so I went to the floor and we passed 78 00:03:33.719 --> 00:03:37.120 legislation to try to clean this up. But it's amazing, 79 00:03:37.199 --> 00:03:40.439 how you know, the system just is so slow. So 80 00:03:40.479 --> 00:03:42.280 when I tried to clean it up so dead people 81 00:03:42.319 --> 00:03:45.759 wouldn't receive checks, there were people complaining, and they said, oh, well, 82 00:03:45.840 --> 00:03:48.080 we'll do it in three years, but first we have 83 00:03:48.120 --> 00:03:50.800 to merge this system with that system, and it's going 84 00:03:50.840 --> 00:03:53.280 to take three years. And I said, that's ridiculous. Let's 85 00:03:53.360 --> 00:03:56.680 do it now, do it tomorrow. And so I appreciate 86 00:03:56.680 --> 00:04:00.680 Elon Musk and President Trump frankly just raising Ellen saying 87 00:04:00.719 --> 00:04:02.039 we're not going to do it anymore. 88 00:04:02.439 --> 00:04:05.960 Yeah, And you know, but that the reaction is to 89 00:04:06.080 --> 00:04:09.360 scream that he is somehow a fascist. I mean I 90 00:04:09.360 --> 00:04:11.560 always commented that they need to read the definition of 91 00:04:11.599 --> 00:04:14.719 fascism because by cleaning up fraud, waste, and abuse and 92 00:04:14.800 --> 00:04:17.759 reducing the size and scope of government reduces the amount 93 00:04:17.800 --> 00:04:20.800 of control they have over our individual lives, and control 94 00:04:20.879 --> 00:04:23.920 is exactly what fascism is, dictating the terms of conditions 95 00:04:24.120 --> 00:04:26.879 over how the means of production operates. I mean, they're 96 00:04:26.920 --> 00:04:28.680 definitionly morons. 97 00:04:29.279 --> 00:04:32.480 I think they basically expose themselves though. I mean, if 98 00:04:32.480 --> 00:04:36.199 you're setting cars on fire, you're a terrorist basically, and 99 00:04:36.560 --> 00:04:38.360 we're going to go to prison for a long time. 100 00:04:38.399 --> 00:04:41.720 I mean, people need to realize you burn up a 101 00:04:41.800 --> 00:04:44.879 car dealership, you burn up a eighty thousand dollars car, 102 00:04:44.920 --> 00:04:47.480 a sixty thousand dollars car, you're going to jail for 103 00:04:47.519 --> 00:04:51.120 a long period of time. And so, but the thing 104 00:04:51.199 --> 00:04:54.839 is is they expose themselves. For example, you know when 105 00:04:54.879 --> 00:04:57.720 Elon Musk points out and I've pointed this out as well, 106 00:04:58.199 --> 00:05:00.959 that we're spending two million dollars on sex change operations 107 00:05:00.959 --> 00:05:06.560 in Guatemala, three million dollars on girl centric climate change 108 00:05:06.560 --> 00:05:09.839 in Brazil. Nobody's for that. When you ask people at 109 00:05:09.839 --> 00:05:12.360 home in Kentucky, any part of Kentucky, do you want 110 00:05:12.399 --> 00:05:15.480 to send two million bucks to Guatemala to help them 111 00:05:15.560 --> 00:05:21.079 do something obscene to their children? People are absolutely enraged 112 00:05:21.120 --> 00:05:23.959 by this. But the Democrats haven't figured this out yet. 113 00:05:24.199 --> 00:05:28.360 The Democrats are not for cutting one penny of foreign aid. Unfortunately, 114 00:05:28.439 --> 00:05:30.639 there are many Republicans that aren't for cutting four and 115 00:05:30.680 --> 00:05:33.560 a too. I put forward an amendment about a week 116 00:05:33.600 --> 00:05:38.079 ago to basically take what Elon Musk and Doze has 117 00:05:38.160 --> 00:05:41.439 found in wasting four and eight about sixteen billion, and 118 00:05:41.600 --> 00:05:45.439 eliminate it. And I got twenty seven Republicans, but I 119 00:05:45.439 --> 00:05:48.120 got twenty six Republicans of vode to keep spending the 120 00:05:48.160 --> 00:05:51.079 foreign aid. So this is where we're stuck. Is that 121 00:05:51.560 --> 00:05:54.360 you know, there are some decent Republicans. There are no 122 00:05:54.439 --> 00:05:56.800 Democrats that will cut one penny in foreign aid. That's 123 00:05:56.879 --> 00:05:58.920 just the truth, and people can look it up, but 124 00:05:58.959 --> 00:06:01.560 it's the truth. On the Republican side, it's only a 125 00:06:01.560 --> 00:06:04.160 little over half on a good day that I can 126 00:06:04.199 --> 00:06:06.759 get to vote to cut this waste. We're gonna have 127 00:06:06.839 --> 00:06:09.399 the same thing come up this week. The Republicans are 128 00:06:09.439 --> 00:06:12.040 putting forward a budget. It'll be only Republicans that vote 129 00:06:12.040 --> 00:06:14.879 for it, but they're going to ask for five trillion 130 00:06:14.920 --> 00:06:18.319 dollar increase in the dead scale. And so I'm going 131 00:06:18.360 --> 00:06:20.959 to tell them, look, of course, unless you balance your 132 00:06:20.959 --> 00:06:23.720 budget immediately, you have to keep borrowing money. I'll let 133 00:06:23.800 --> 00:06:27.519 you borrow five hundred billion, which is crazy, but that's 134 00:06:27.600 --> 00:06:30.680 three months worth of borrowing, and in three months we'll 135 00:06:30.680 --> 00:06:32.759 come back and we'll assess whether or not you're doing 136 00:06:32.839 --> 00:06:36.360 what you promised. See, they're making these promises that they 137 00:06:36.360 --> 00:06:39.040 will cut spending and they'll behave and they'll be better people, 138 00:06:39.399 --> 00:06:42.240 and they won't be the typical big spenders that Republican 139 00:06:42.319 --> 00:06:45.199 leadership has been. And I say, look, trust, but verify. 140 00:06:45.560 --> 00:06:48.399 I'll give you three months worth of borrowing and then 141 00:06:48.399 --> 00:06:51.000 we'll see what happens. But it'll be interesting to see 142 00:06:51.040 --> 00:06:55.639 how my amendment does because there's a possibility that people 143 00:06:55.720 --> 00:06:58.319 across the hour might even vote for it. Design So 144 00:06:58.600 --> 00:07:01.639 I'm going to try to red from five trillion dollars 145 00:07:01.680 --> 00:07:04.519 in ball rang, which is about two years worth so 146 00:07:04.519 --> 00:07:06.279 we're going to borrow two and a half trillion each 147 00:07:06.399 --> 00:07:11.600 year for the next two years during supposedly conservative Republican rule. 148 00:07:12.040 --> 00:07:13.560 But I'm going to try to change it to five 149 00:07:13.600 --> 00:07:16.839 hundred billion. But it'll be quite an interesting vote to 150 00:07:16.879 --> 00:07:18.800 see how Republicans vote on my Amma. 151 00:07:19.120 --> 00:07:21.600 It certainly will, and I think quite often the Republicans 152 00:07:21.639 --> 00:07:23.560 and certain Republicans, we could all come up with a 153 00:07:23.560 --> 00:07:26.120 list of names. Are the ones that continue and perpetuate 154 00:07:26.199 --> 00:07:29.439 this endless spending. We've dug ourselves into thirty six trillion 155 00:07:29.439 --> 00:07:32.199 in debt, twenty trillion dollars a year to pay our 156 00:07:32.199 --> 00:07:35.600 credit card interest rate. This cannot continue. And the elephant 157 00:07:35.600 --> 00:07:37.480 in the room, Senator Paul, and I'm sure you know this, 158 00:07:38.160 --> 00:07:41.079 so security, Medicare, and Medicaid, those are the biggest expenditures 159 00:07:41.079 --> 00:07:44.800 we've got. Those systems are collapsing under the weight of themselves. 160 00:07:44.920 --> 00:07:47.600 Something is going to have to do. It be done, 161 00:07:47.720 --> 00:07:50.519 and no one says they are willing to, you know, 162 00:07:50.639 --> 00:07:54.800 put their elected a job on the line to actually 163 00:07:54.879 --> 00:07:56.240 save us from ourselves. 164 00:07:57.319 --> 00:07:59.240 Yeah, and this is when you look at the spending. 165 00:07:59.319 --> 00:08:02.160 We spend seven trillion that we bring in five trillion. 166 00:08:02.800 --> 00:08:07.480 The seven trillion that we spend is largely comprised as 167 00:08:07.480 --> 00:08:11.360 Social Security, Medicare, Medicaid, and huge stamps. So if you 168 00:08:11.399 --> 00:08:14.720 take those four items off of the table and you 169 00:08:14.759 --> 00:08:16.600 say we're not going to look at these at all, 170 00:08:16.920 --> 00:08:19.800 you don't have that much spending left, really, and so 171 00:08:20.279 --> 00:08:22.399 we've got a real problem. But we have to look 172 00:08:22.439 --> 00:08:25.360 at all spending. And so one of the proposals I've 173 00:08:25.360 --> 00:08:28.439 had is not actually to cut people immediately off Medicaid, 174 00:08:28.759 --> 00:08:30.759 but to simply say to the states, you know what, 175 00:08:31.279 --> 00:08:33.559 you got to share half of the burden. That's what 176 00:08:33.639 --> 00:08:36.360 it used to be. States paid half of medicaid, federal 177 00:08:36.360 --> 00:08:39.320 government paid the other half. But when Obamacare happened in 178 00:08:39.360 --> 00:08:42.519 twenty ten, we added about fifteen million people to medicaid, 179 00:08:43.320 --> 00:08:45.759 but we said, hey, it'll be free. The federal government 180 00:08:45.759 --> 00:08:47.720 will pay ninety percent and the states will have to 181 00:08:47.759 --> 00:08:50.320 pay ten percent. So this isn't This is one of 182 00:08:50.399 --> 00:08:54.759 those fixes that is eminently reasonable and not even that draconian. 183 00:08:55.039 --> 00:08:57.000 We don't cut anyone off. We just say to all 184 00:08:57.000 --> 00:08:59.480 the states, you now have to pay fifty percent of 185 00:08:59.519 --> 00:09:02.120 these new people people, And that saves about five hundred 186 00:09:02.120 --> 00:09:04.399 billion for the federal government. Now, state government would have 187 00:09:04.440 --> 00:09:06.799 to pick up the tab. But the difference is the 188 00:09:06.879 --> 00:09:09.080 state governments don't have a printing press, they don't have 189 00:09:09.080 --> 00:09:12.360 a federal reserve, and so they might have to make 190 00:09:12.399 --> 00:09:15.559 more responsible decisions, and they might say, hmm, if you're 191 00:09:15.600 --> 00:09:18.759 able bodied, you have no physical helments, you're not on 192 00:09:18.799 --> 00:09:20.919 any medications, why aren't you working? 193 00:09:21.120 --> 00:09:21.480 Exactly? 194 00:09:21.480 --> 00:09:24.320 You know, why don't you get a job with insurance? 195 00:09:24.320 --> 00:09:26.559 And there are plenty of jobs out there, I mean 196 00:09:26.600 --> 00:09:30.120 that have insurance. It's amazing the jobs are out there 197 00:09:30.159 --> 00:09:32.440 if you will work. You know, they're not easy jobs. 198 00:09:32.480 --> 00:09:36.559 But you can actually stack boxes in northern Kentucky and 199 00:09:36.600 --> 00:09:39.159 do the arranging of the shipping and help with shipping 200 00:09:39.159 --> 00:09:42.279 with Amazon for like twenty four dollars an hour. So 201 00:09:42.320 --> 00:09:44.320 I mean there are jobs out there for the waiting. 202 00:09:44.399 --> 00:09:46.759 I'm not saying it's easy, but you know, life's not easy. 203 00:09:46.799 --> 00:09:49.279 Get up there and work. There are many good jobs 204 00:09:49.320 --> 00:09:52.080 out there. There are many good jobs with insurance out there. 205 00:09:53.159 --> 00:09:55.440 But we can't keep doing what we're doing. There's just 206 00:09:55.600 --> 00:09:57.879 there's too many people in the wagon, not enough people 207 00:09:57.879 --> 00:09:58.679 pulling the wagon. 208 00:09:59.320 --> 00:10:02.039 Isn't that the true? So it also forced states to 209 00:10:02.080 --> 00:10:04.480 take greater stock and fraud, waste, and abuse. I know 210 00:10:04.519 --> 00:10:06.759 we have a real problem with fraud here in the 211 00:10:06.759 --> 00:10:09.159 state of Ohio with Medicaid billions of dollars, is what 212 00:10:09.200 --> 00:10:11.559 I've been told. So you can take some measures to 213 00:10:11.960 --> 00:10:16.240 curb the cash outlays without impacting anyone, really, Senator Paul 214 00:10:16.240 --> 00:10:18.679 pivoting over briefly to the Department of Education, I know 215 00:10:18.799 --> 00:10:21.200 got a lot of teachers unions wigged over, wigged out 216 00:10:21.200 --> 00:10:23.480 over the idea of pairing it back and ultimately perhaps 217 00:10:23.559 --> 00:10:27.039 eliminating which require an active Congress. But our lives are 218 00:10:27.080 --> 00:10:29.360 not better because the existence of the Apartment of Education. 219 00:10:29.519 --> 00:10:33.159 Just looking at the nation's failing schools and the inability 220 00:10:33.159 --> 00:10:34.840 of many children to even be able to read or 221 00:10:34.879 --> 00:10:38.799 write at grade level. Block grants of the states, rather 222 00:10:38.840 --> 00:10:40.840 than going through the Department of Education and giving the 223 00:10:40.879 --> 00:10:43.519 freedom to the local school boards and school districts to 224 00:10:43.559 --> 00:10:45.799 determine the future of their children. That's a better path, 225 00:10:45.919 --> 00:10:46.320 is it not. 226 00:10:48.080 --> 00:10:50.039 You know, getting rid of the Department of Education in 227 00:10:50.200 --> 00:10:53.840 Washington is the most pro teacher policy probably ever presented 228 00:10:53.879 --> 00:10:56.759 in the last several decades. The teachers I talked to 229 00:10:57.000 --> 00:10:59.759 chase at the Department of Education. It gives them federal 230 00:10:59.759 --> 00:11:02.320 man days. It tells them the to do federal testing. 231 00:11:02.679 --> 00:11:05.360 They spend a lot of their time teaching the kids 232 00:11:05.360 --> 00:11:08.000 according to the testing, and the kids aren't necessarily getting 233 00:11:08.000 --> 00:11:10.720 more proficient at reading or math because we've been forcing 234 00:11:10.720 --> 00:11:12.919 them to take these federal tests for the last you know, 235 00:11:13.120 --> 00:11:16.120 forty years or so. So I think we should promote 236 00:11:16.120 --> 00:11:20.440 this as pro teacher. Also, it's you know, sixty eighty 237 00:11:20.639 --> 00:11:24.399 ninety billion, it's a huge pot of money. That money's 238 00:11:24.440 --> 00:11:27.000 not going into teacher salary. You know that you've got 239 00:11:27.000 --> 00:11:31.960 bureaucrats in Washington doing DEI diversity equity conclusion, some bureaucrats 240 00:11:31.960 --> 00:11:36.200 and in Washington consumed with race when we should be 241 00:11:36.200 --> 00:11:38.919 getting away from race and talking about people's individuals, not 242 00:11:39.000 --> 00:11:42.519 as you know, what ethnic group they're from. But we 243 00:11:42.639 --> 00:11:45.639 have people making four hundred thousand dollars as bureaucrats in 244 00:11:45.679 --> 00:11:49.360 the DEI bureaucracy. That money could be spent more on 245 00:11:49.600 --> 00:11:53.080 education or frankly, teacher salaries. So there's a lot of 246 00:11:53.120 --> 00:11:55.840 ways that teachers I think should look at getting rid 247 00:11:55.919 --> 00:11:58.360 of federal control and sending it back to the States 248 00:11:58.759 --> 00:12:01.519 as a good thing not only for students, but for 249 00:12:01.639 --> 00:12:05.600 teachers and Frankly, you're exactly right. Over the last forty years, 250 00:12:05.639 --> 00:12:09.879 our scores have gone down. I mean, really, science proficiency 251 00:12:09.919 --> 00:12:13.600 is under ten percent. Reading proficiency about a third of 252 00:12:13.600 --> 00:12:16.360 the kids can read at grade level. I mean, it's 253 00:12:16.399 --> 00:12:17.960 not an overwhelming success. 254 00:12:18.200 --> 00:12:18.720 It is not. 255 00:12:19.240 --> 00:12:21.679 And finally, let's pivot over to tariffs for part coming today. 256 00:12:21.679 --> 00:12:23.440 Senator Paul, I know you're not a fan, and you 257 00:12:23.480 --> 00:12:25.360 had a quote yesterday you were speaking with the Hill 258 00:12:25.399 --> 00:12:28.080 on the Hills rising tariffs are attacked and if you 259 00:12:28.159 --> 00:12:30.399 tax trader, you tax anything, you get less of it. 260 00:12:30.679 --> 00:12:32.279 And I agree with that point, and I know we're 261 00:12:32.320 --> 00:12:34.679 going to suffer a little bit in terms of increased prices. 262 00:12:34.720 --> 00:12:37.639 But when you see China, for example, head in place 263 00:12:37.679 --> 00:12:40.720 and has had in place a sixty seven percent tariff 264 00:12:40.759 --> 00:12:44.000 on goods imported from the US, and you can go 265 00:12:44.000 --> 00:12:46.559 across the board and look at some of these outrageous tariff. 266 00:12:46.759 --> 00:12:49.639 Of course, the people that live there get fewer American 267 00:12:49.679 --> 00:12:51.679 products as the price out of the market, and that 268 00:12:51.759 --> 00:12:54.559 exists in a multitude of countries that now have at 269 00:12:54.639 --> 00:12:57.559 least some tariff on them. I mean, if one thing 270 00:12:57.720 --> 00:13:00.480 this has been eye opening on it's that well, we're 271 00:13:00.480 --> 00:13:02.600 being mistreated in the global sense. 272 00:13:04.200 --> 00:13:07.360 Yeah, I think the mistake in analyzing this is thinking 273 00:13:07.440 --> 00:13:11.000 that the United States buy stuff from China or the 274 00:13:11.080 --> 00:13:15.639 United States buy stuff from Canada. Individuals buy stuff from 275 00:13:15.679 --> 00:13:18.600 other individuals, and they happen to reside in other places. 276 00:13:18.960 --> 00:13:23.159 Trade deficits between countries really don't mean much. So, for example, 277 00:13:23.200 --> 00:13:26.000 over the last seventy years, we've had a trade deficit 278 00:13:26.039 --> 00:13:28.159 with Canada. It's not a big one. It's actually they 279 00:13:28.159 --> 00:13:30.759 buy a lot of stuff from US. In fact, Canada 280 00:13:30.799 --> 00:13:36.399 buys more from US than China plus Japan plus England 281 00:13:36.440 --> 00:13:40.240 plus France. So Canada buys more than four countries combined, 282 00:13:40.279 --> 00:13:43.440 four big countries combined. And putting tariffs on that that 283 00:13:43.679 --> 00:13:47.559 just makes our products more expensive. But there is The 284 00:13:47.600 --> 00:13:50.639 thing is is, let's say that you make one hundred 285 00:13:50.679 --> 00:13:52.840 thousand dollars a year and I make five million dollars 286 00:13:52.879 --> 00:13:55.759 a year. Who do you think has a bigger trade 287 00:13:55.799 --> 00:13:59.720 deficit with Amazon, or with a grocery store or with 288 00:14:00.519 --> 00:14:03.279 you know, luxury goods. Well, the person who makes more 289 00:14:03.320 --> 00:14:05.399 will always have a bigger trade destict because they buy 290 00:14:05.440 --> 00:14:08.279 more stuff and they don't make anything themselves. A rich 291 00:14:08.360 --> 00:14:12.679 person doesn't necessarily make anything. So every individual has a 292 00:14:12.720 --> 00:14:15.559 bigger trade deficit if they are rich. So the United 293 00:14:15.600 --> 00:14:18.799 States is rich, we will always have a trade deficit 294 00:14:18.919 --> 00:14:21.799 with Canada because we're rich. It's like five million people 295 00:14:21.879 --> 00:14:24.240 in some reindeer living up there, you know, And so 296 00:14:24.360 --> 00:14:27.320 we always will have a trade deficit with Canada. But 297 00:14:27.399 --> 00:14:29.879 doesn't mean we've gotten poorer over seventy years. We've gotten 298 00:14:29.960 --> 00:14:33.440 richer over seventy years, and so the Canadians. But if 299 00:14:33.480 --> 00:14:36.080 you put a tariff on potash, which is you know, 300 00:14:36.200 --> 00:14:40.159 goes into fertilizer, what's going to happen to our farmers 301 00:14:40.200 --> 00:14:42.240 is they're going to pay more for fertilizer. And what 302 00:14:42.279 --> 00:14:44.840 happens that people eat the stuff our farmers make is 303 00:14:44.879 --> 00:14:47.679 going to cost more. So it's a mistake to get 304 00:14:47.679 --> 00:14:50.759 caught up in this country versus that country when every 305 00:14:50.799 --> 00:14:53.720 individual trade, if it's voluntary, is a good one. If 306 00:14:53.720 --> 00:14:56.879 I'm a farmer and I buy my fertilizer from Canada, 307 00:14:57.639 --> 00:15:00.519 it's a voluntary trade and I buy it from them 308 00:15:00.559 --> 00:15:03.759 at a certain price, but it isn't something I'm not 309 00:15:03.759 --> 00:15:06.080 getting ripped off. Nobody who makes a trade has ever 310 00:15:06.200 --> 00:15:08.879 ripped off, because when you make a trade, you agree 311 00:15:09.000 --> 00:15:11.320 voluntarily to give up your money for something you want. 312 00:15:11.759 --> 00:15:14.159 The person trading with you gives up something they made 313 00:15:14.480 --> 00:15:17.840 for your money. So a trade is never bad, and 314 00:15:18.000 --> 00:15:21.080 a trade is never injurious to any of the parties 315 00:15:21.120 --> 00:15:25.080 of the trade if it's done voluntarily. If you look 316 00:15:25.120 --> 00:15:26.840 at the last seventy years and you look at the 317 00:15:26.879 --> 00:15:31.200 curve of international trade, international trade has grown exponentially over 318 00:15:31.200 --> 00:15:33.559 the last seventy years. But if you look at GDP 319 00:15:33.840 --> 00:15:37.840 per person across the world, it has grown exponentially. Also, 320 00:15:38.440 --> 00:15:42.159 every day one hundred thousand people escape poverty. We the 321 00:15:42.200 --> 00:15:44.679 middle class is not being hauled out. The middle class 322 00:15:44.679 --> 00:15:47.519 has actually gone to the upper class in the last 323 00:15:47.559 --> 00:15:50.360 seventy years. If you look at household income, those who 324 00:15:50.360 --> 00:15:53.679 make fifty thousand to one hundred thousand dollars, there's slightly 325 00:15:53.759 --> 00:15:56.159 less than there was seventy years ago. But if you 326 00:15:56.159 --> 00:15:58.679 look at the lower class, there's also slightly less. So 327 00:15:58.720 --> 00:16:01.120 where did these people go. There's less people in the 328 00:16:01.240 --> 00:16:04.279 under fifty thousand dollars category, there's less people in the 329 00:16:04.320 --> 00:16:07.440 fifty to one hundred thousand dollars. Guess what, There's three 330 00:16:07.480 --> 00:16:10.360 times as many people in over one hundred thousand dollars category. 331 00:16:10.600 --> 00:16:15.080 And this is including inflation. If in long term historical trends, 332 00:16:15.600 --> 00:16:19.240 trade and wealth are proportional. You know, the more trade, 333 00:16:19.279 --> 00:16:21.720 the more wealth we've gotten. And then wealth is more 334 00:16:21.720 --> 00:16:24.240 apparent in the poor countries because they started out poor. 335 00:16:24.639 --> 00:16:26.879 But we are all getting richer. And if we want 336 00:16:26.919 --> 00:16:30.000 American manufacturing, the best way to do it's lower their 337 00:16:30.000 --> 00:16:32.559 taxes and less than their regulations. We have the smartest, 338 00:16:33.360 --> 00:16:36.639 most capable workers in the world. We still make many 339 00:16:36.679 --> 00:16:40.000 things here, but you know, we don't make shoes. We 340 00:16:40.039 --> 00:16:42.679 don't make some of those things. But you know, if 341 00:16:43.360 --> 00:16:46.360 the tariff history day is a fifty percent tariff on Vietnam, 342 00:16:46.960 --> 00:16:49.799 so para nikes instead of costing one hundred and twenty 343 00:16:49.840 --> 00:16:52.159 dollars are going to cost one hundred and eighty dollars 344 00:16:52.320 --> 00:16:54.600 or or whatever the price is going to be. I 345 00:16:54.639 --> 00:16:56.559 don't think that makes us any richer. I think that's 346 00:16:56.600 --> 00:16:58.440 just going to make us poor. We're not going to 347 00:16:58.480 --> 00:17:01.240 make shoes here tomorrow. You know, you think in five 348 00:17:01.320 --> 00:17:03.759 years of fifty percent tariff on Vietnam or all of 349 00:17:03.759 --> 00:17:06.680 a sudden, you gonna make shoes here. No, we's every American 350 00:17:06.759 --> 00:17:08.799 is going to pay more for shoes, which means we're 351 00:17:08.799 --> 00:17:09.480 all going to be poor. 352 00:17:09.680 --> 00:17:11.839 Well, and I agree, But the correlary to that is 353 00:17:11.920 --> 00:17:15.880 Vietnam charges a ninety percent tariff on on goods important 354 00:17:15.880 --> 00:17:17.920 from the United States, which means the Vietnamese aren't going 355 00:17:17.960 --> 00:17:20.400 to be able to afford products that we make. There 356 00:17:20.400 --> 00:17:23.400 won't be any demand for them because of the insane terror. 357 00:17:23.319 --> 00:17:25.559 Or I mean, if you put a ninety percent tariff 358 00:17:25.599 --> 00:17:28.119 on American goods, you're an idiot and it makes you poorer. 359 00:17:28.680 --> 00:17:31.160 So because they're idiots and it makes them poor and 360 00:17:31.200 --> 00:17:33.920 they can't buy our stuff, doesn't mean we still shouldn't 361 00:17:34.000 --> 00:17:36.720 want to have less expensive things in our country. See, 362 00:17:36.720 --> 00:17:40.720 it gets into this fairness argument between countries. And the 363 00:17:40.759 --> 00:17:43.200 thing is is, you know people say, well, they've got 364 00:17:43.200 --> 00:17:45.680 a terraff so they must be must be a better place. Well, 365 00:17:45.720 --> 00:17:48.039 hell no, ours, our country is a much better place 366 00:17:48.079 --> 00:17:50.920 than Vietnam. I wouldn't move to Vietnam, and still being 367 00:17:51.039 --> 00:17:53.200 Vietnam would move to Vietnam, they wouldn't be want to 368 00:17:53.200 --> 00:17:57.559 move over here. So having a ninety percent tariff, you know, 369 00:17:57.640 --> 00:17:59.640 that's what we're trying to go towards because we think 370 00:17:59.640 --> 00:18:03.160 it's on fair and this unfairst argument doesn't really make 371 00:18:03.200 --> 00:18:05.200 sense because it doesn't make me want to move to 372 00:18:05.279 --> 00:18:07.960 cant to Vietnam that has ninety percent tariffs. 373 00:18:08.319 --> 00:18:08.440 Right. 374 00:18:08.519 --> 00:18:10.559 Actually, I think I would think, well, gosh, if I 375 00:18:10.559 --> 00:18:12.640 moved to Vietnam, everything's gonna be very expensive if they 376 00:18:12.680 --> 00:18:15.720 have ninety percent tariffs, I wouldn't want to move. That's 377 00:18:15.720 --> 00:18:18.000 why I want to stay here. So when countries do 378 00:18:18.119 --> 00:18:21.400 that to us, it doesn't make us poorer. It just 379 00:18:21.480 --> 00:18:24.960 makes them. It makes them poor, but it doesn't necessarily 380 00:18:25.000 --> 00:18:28.000 affect us. We are still killing it. I mean, we 381 00:18:28.119 --> 00:18:31.400 are the dominant economic engine of the world despite what 382 00:18:31.440 --> 00:18:35.119 others do, and some get you know, sometimes things do improve. 383 00:18:35.519 --> 00:18:38.799 You know, us in Israel, we have no tariffs. We're 384 00:18:38.839 --> 00:18:41.240 basically a free trade zone between US and Israel since 385 00:18:41.279 --> 00:18:44.440 nineteen eighty five. So I don't begrudge President Trump if 386 00:18:44.440 --> 00:18:47.039 he wants to try to tell them go lower, and 387 00:18:47.079 --> 00:18:51.559 will go lower. But just slapping these things on, you know, 388 00:18:51.720 --> 00:18:56.440 fifty percent tariff on Vietnam is the crazy thing. You know, 389 00:18:56.480 --> 00:18:58.759 we fought the war, we got through the war, and 390 00:18:58.799 --> 00:19:00.720 you have many veterans that go back now and we 391 00:19:00.759 --> 00:19:04.759 actually have better relations with Vietnam now. But fifty percent tariff. 392 00:19:04.799 --> 00:19:06.759 It is not a good way to keep good relations. 393 00:19:06.799 --> 00:19:08.839 It's a good way to sour things. 394 00:19:08.880 --> 00:19:11.599 Thoughtful analy says, as always by Senator Ran Paul. Can't 395 00:19:11.599 --> 00:19:13.240 thank you enough for the willingness to come on the 396 00:19:13.240 --> 00:19:16.039 program and share your thoughts and reason with us. Senator Paul, 397 00:19:16.079 --> 00:19:17.839 You're always welcome here. Keep up the great work, and 398 00:19:17.880 --> 00:19:20.880 I look forward to having you on real soon. Thanks Ryan, 399 00:19:21.039 --> 00:19:23.079 Thank you seven forty eight fifty five krs to the 400 00:19:23.119 --> 00:19:24.960 talk station. Odor Exit. We'll get rid of the Stenchi 401 00:19:25.000 --> 00:19:28.359