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Speaker 1: With the USAID. If you were to look into the

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money that USAID is spending, the taxpayer dollars, and it's

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not just income taxpayer dollars, it's other taxes as well,

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not just federal income tax that's paying towards these programs.

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You're average American, doesn't matter if you're a Democrat or Republican,

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is going to say, yes, I want this out. I

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want it like I had no idea that my money

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was going towards this. I thought it was going towards education.

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Speaker 2: You are listening to Carrie Let's's Financial Survival Network, where

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you get valuable information you just can't find anywhere else

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to thrive in today's trying times. You need the Financial

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Survival Network now more than ever. Go to Financial Survivalnetwork

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dot com and get your free newsletter and gift. Financial

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Survival Network now more than ever.

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Speaker 3: And welcome you are listening to and watching the Financial

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Survival Network.

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Speaker 4: I'm your host, Carrie.

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Speaker 3: Lets Usha is with us today. We're talking about DOGE.

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Is there any hope for cutting back the federal government

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and eventually controlling the deficit? Are we too far down

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the path of oblivion? Well, Nurashia a new administration, a

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new way of looking at things here, new people, new personnel,

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a lot of a lot of fat being cut. We

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saw it with us AID or USAID. Billions of dollars

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being wasted on ridiculous things, A lot of it counter

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two hundreds.

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Speaker 1: Of injurims of dollars one it's a bill hundreds of building.

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Speaker 3: They're budgets. I can't get a straight number on it.

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Forty seven to fifty two billion a year, so over

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time they probably wasted a trillion dollars. They've always been

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a cutout for the CIA. It's always been a front organization.

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Interestingly enough, Obama's mother worked on a project that was

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funded by USAID in Indonesia. A lot of the characters

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in the Kennedy assassination worked for USAID.

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Speaker 4: And all of these ne'er duels.

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Speaker 3: Interestingly enough, Liz Cheney started her career there. So should

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we be crying for the demise of US eight or

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should we be celebrating here in esh?

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Speaker 1: Well, Carrie, I think one thing. First off, thanks for

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having me back on. It's been a couple of years,

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and you and I go way back, so thanks for that.

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Always a pleasure. One thing to remember Carrie, is why

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people vote in general. And I'm not talking about a

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small fringe minority. I'm talking about the tens of million.

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It's really close to two hundred million people who vote.

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I think it was one hundred and fifty million people

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who voted in the last election. So why do people vote.

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They vote not because of like you brought up, some

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project that's going on in Indonesia, or because of some

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project that's going on some transgender research that's happening in

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Pakistan or some Middle Eastern country. People vote at the

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end of the day because people are selfish, which is

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a good thing. They vote in their own self interest.

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They vote saved perceived self interest. We can call it

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their perceived self interest. And what you just brought up

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with the USAID, if you were to look into the

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money that USAID is spending, the tax payer dollars, and

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it's not just income tax payer dollars, it's other taxes

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as well, not just federal income tax that's paying towards

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these programs. You're average American, doesn't matter if you're a

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Democrat or a Republican, is going to say yes, I

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want this out, I want it like I had no

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idea that my money was going towards this. I thought

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it was going towards education, and it clearly hasn't because

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the US education system has not improved. If you just

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look at test scores, it has not improved in thirty

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plus years. The US is still somewhere in the thirties

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to FI when it comes through reading math. The fact

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that only twenty five percent of eighth graders graduate at

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a eighth grade level in mathematics shows that our taxpayer

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dollars are not going towards the issues that actually matter

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to Americans. The reasons why they vote, which is can

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I afford my mortgage or my rent? Is my job stable?

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Do my children get a good education in their local

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public school? Is am I able to afford healthcare? These

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are the reasons why people vote. And when you look

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at USA, the average American can tell you that they

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don't know what the organization is. They don't know what

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the money's going towards, and what's seeing now the transparency

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of DOGE. What I love about DOGE is they have

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an x profile, they have a website, and they have

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a quarterly podcast. They did their first quarterly podcast earlier

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this week and they're being very transparent about what they're

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finding and publishing it to the public. So yes, DOGE

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is a good THINGAI. There are some programs, like Secretary

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of State Marco Rubio side, he said, there's some programs

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that are great in USAID USAID and those are going

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to continue under the State Department. But there's a lot

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of fat. I mean, we can assume the eighty twenty

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rule across the board. Eighty percent of the workers can

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probably go find other jobs elsewhere. Twenty percent of the

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workers are probably very strong. Eighty percent of the money

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in USAID and just government agencies in general are being wasted,

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but twenty percent is probably going towards a good, positive cause.

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So it's not one hundred percent bad, it's not one

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hundred percent fraud. But the point thirty close, it's pretty close.

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Eighty percent is very close. And the point of DOGE.

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And this is what I love. I mean, I wrote

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papers like this or papers about the concept of jo

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DOG when I was a high school student. This idea

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of going in and looking at every single expense line

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by line. It's called zero based budgeting. How yep, it's

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how I have always budgeted my own personal finances and

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the two small businesses that I own. Whereas the government

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has gone off of the previous years, and many companies

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do this too. They go off the previous year's budgeting.

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They say, Okay, last year we spent let's say ten

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trillion dollars, so that means this year we can spend

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eleven trillion dollars, which I think is just really really

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that's not a fiscally responsible way of doing anything. And

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I know people who do that with their own personal finances.

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It's just not fiscally responsible. So yes, it's a good

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thing that USAID is essentially shut down. The good programs

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are staying, and it's a major reason why people voted

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for President Trump because of his partnership with the veig

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Ramaswami and Elon Musk. They were going to go in

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clean house and keep the twenty percent of the workers

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who are worthwhile and get rid of the other It's

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going to save us a lot of money, carry a

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lot of money that can then be handed down to

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the American people, either as tax cuts or better better

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education funding for the individual states, or just paying down

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the debt. I think a lot of it should just

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be used to pay down the debt. If this is

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going to drive inflation down and we won't see I

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think probably in well you and I are a few

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years apart, but in your lifetime, I don't think we're

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going to see massive inflation like we've seen since twenty

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twenty one to present day. I don't think we're going

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to see that again. If Doge can go in, Trump

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can go in, cut spending, pay down the debt will

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be in a very good fiscal place moving forward.

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Speaker 4: Yeah, well, I agree with you there.

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Speaker 3: You know one thing that has made all this possible,

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and it wasn't up to or recently, is AI. One

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of the guys that Musk has there. He worked at

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SpaceX before that. He actually create an AI program to

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actually translate all of these burn scrolls from Mount Vesuvius

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and to translate them.

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Speaker 5: So this guy is a rocket scientist.

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Speaker 4: And you know, we always.

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Speaker 3: Say jokingly it ain't rocket surgery, but in this case,

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the US government needs rocket surgery.

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Speaker 4: Here.

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Speaker 5: We're just wasting so much money.

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Speaker 3: And look, you and I both in online businesses, both

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disseminate information. Well, the US government alone has given Politico.

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Speaker 4: You know, and I don't want to get into their politics.

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But you can figure them out.

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Speaker 3: But they gave them thirty two million bucks to spew

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their garbage, and in the meantime, they were funding a

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lot of other organizations to stop otherwise independent news sources,

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news sites from getting their information out and getting them

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I'm demonetized by places like Google, and you know, this

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whole conspiracy, it's just been totally export but true conspiracy anymore.

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But a lot of the spending which is not going

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to be able to get rid of. All right, Yeah,

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maybe there's a lot of fraud with Medicare, but there's

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a lot of people that count on that program. I

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don't know how much fraud there really is with Social Security.

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Speaker 4: We're going to find that out.

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Speaker 3: But social Security is pretty much untouchable. I can only

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imagine how much fraud there is in the Pentagon though, right.

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Speaker 1: There's Look, it's government. Any government you go to, from

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somewhere in South America to Africa to the United States,

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you're going to find fraud. You're going to find corruption.

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And Elon Musk put out an x yesterday saying that

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they just now started looking into Medicare and Medicaid and

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what they're finding is going to blow people's minds. So

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it's not surprised. None of this is none of this

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is surprising at all. It shouldn't you. It certainly does

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not surprise me, and I'm glad. This was the number

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one reason why I was excited about the administration, because

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we would actually see change. It was hard for Trump

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to do this during his first term because the fact

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of the matter is he was new. He didn't really

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understand how they.

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Speaker 5: Don't work personnel is policy.

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Speaker 1: He didn't know who to trust, who not to trust.

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He was a newbie, and it worked out that he

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took four years off, was able to assemble a good team,

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really get his policy in order, and he's hit the

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ground running. Or it's only been two and a half

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weeks and he's really hit the ground running. Now, going

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back to what you said about Medicare Medicaid, these blanket

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statements that I hear people on the far left say,

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for example, they say, oh, you can't touch Medicare, or

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our Medicare payments are going to be gone, or our

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Social Security payments are going to be gone, or Medicare

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is going to be gone. That's not what's happening here.

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People who currently get Social Security won't even know that

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this investigation is happening in the background. The idea is

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to go in and again go through line by line,

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employee by employee, and see, Okay, what exactly is it

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that you're doing as an employee and is this something

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that AI or technology which is the main reason why

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Elon Musk is in this role. It's to basically replace

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people and systems and processes with technology to save the

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government hundreds of billions of dollars. So they're starting with

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the workers and then they're going in line by line

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to see the actual expense that they're auditing. That's what

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they're doing. I'd love for them to audit the irs

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as well. They're going in, they're auditing, and they're not

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going to be auditing or they're not going to be

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cutting back on Social Security payments, and they're just looking

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to see to make sure that everything adds up and

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that every expense, whether it's ten dollars or it's ten

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million dollars, is something that is worthwhile and actually helps

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the American people. And I think most again doesn't matter

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whether they are a Republican or Democrat. The fraud that

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that they're finding most rational saying people would say, hey,

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I actually agree we should cut this. And you're seeing

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Democrat politicians from congress people in California and Silicon Valley

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all the way to Senator Fetterman in Pennsylvania saying, yeah,

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we should get rid of we should trim this fat,

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and that should be money that is used to pay

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down the debt. We can at least agree on that

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we need to reduce the debt, which in turn or

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pay down the debt, which in turn will help reduce

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the deficit.

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Speaker 3: Right now, I could not agree with you more nourish.

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It's ridiculous the amount of money that literally just gets

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pissed away here for.

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Speaker 5: No tangible benefit.

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Speaker 1: Right we're talking they're talking curtains in the government buildings,

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curtains on windows that cost fifty thousand dollars plus. We're

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talking rolls of toilet paper where the government is paying

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something like five dollars per role per role, not like

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the big forty eight roles that you get per role.

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Speaker 3: For one of these noursh on a certain airplanes, they're

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paying one thousand dollars for them, and they keep breaking

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and they're spending hundreds of thousands of.

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Speaker 5: Dollars on these cups. You know, it is exactly utter madness.

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Speaker 1: And this is going on.

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Speaker 5: This is what I mean.

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Speaker 1: This is a type of stuff that that is going

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on in these agencies from USA to most likely Social

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Security Administration, Medicaid, Medicare. So this is where the left

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wing media will lie. Basically, they'll say, oh, they're cutting Medicare,

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They're they're cutting Medicaid, They're cutting No, no, we're cutting

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the toilet paper in the Medicare offices. We're cutting meaning

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we're going to negotiate a better deal on the toilet

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paper rolls.

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Speaker 3: Think about it, if they if the algorithm is off

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on the computer that calculates how much they pay Social

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Security benefits, and everybody is getting five dollars a month

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more than they should. That's sixty bucks times tens of

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millions of people, hundreds of millions.

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Speaker 4: And do you know that they pay out the correct

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amount every month. I don't.

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Speaker 3: And you know they were talking about that the government

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paid out two hundred and thirty something billion dollars in

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unauthorized payments programs that weren't reauthorized. They just kept paying,

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and the people in the Treasury in ursh Are were

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instructed never reject a payment.

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Speaker 1: Never reject payment.

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Speaker 3: Yeah, and then when the when the accountability people go

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in there and they try to bar them from going

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like at the aid AID and the only thing about

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AID in US AID is the acronym, but there's no

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aid going on there. It's all about the soft influence

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and coups, and you know, it's a cutout for the

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for this. But the fact is they tried to stop

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these guys from going in there, you know, and it

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didn't work out too good for them.

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Speaker 4: Did it.

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Speaker 1: Well, Look what I like about Elon Musk. This is

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supposed to be the Manhattan Project of our time. That's

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what Trump called it, Manhattan Project of this generation. And

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I love that Elon Musk is going in and immediately

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giving people buy out packages. Their deadline is tomorrow, I

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think tonight, yeah, day or tomorrow, it's probably tomorrow. Tomorrow's Friday. Anyway,

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their deadline's coming up, and the people who don't accept

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the package, then the mass layoffs are coming. And there

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was a lot of questioning from both sides about what

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can this DOGE do. They're not even a real government

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agency like Congress is supposed to be authorizing paper.

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Speaker 3: And you know, they don't have everyone saying, well they

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got our data. They don't have right capability. They can

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only read data, which means they can export it to

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a spreadsheet whatever. But these billions of records, they don't

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care that X is getting two thousand dollars a month

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from Social Security.

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Speaker 5: That is completely irrelevant.

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Speaker 1: Rightly, it's absolutely irrelevant. And in the case of of Doge,

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they're going in. This had been tried with Democrat administration's

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Republican indmustrations where they say we're going to cut the fat,

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We're going to do all this stuff, and they have

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this as pounter force reads nothing happens. But enough, we're

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actually seeing it in front of our eyes because you

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see the riots, not even protel you see the riots

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on the streets. You see people losing their minds on

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the radical left on social media.

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Speaker 3: They've already lost their they already lost let's face it, nourished.

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I mean, yeah, yeah, they lost two or they never

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had any minds to lose, okay in the first place, right, true, right, right, Well,

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whatever was left of that mind, it's it's it's lost.

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Speaker 1: And again they don't even know what's being lost, what

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money is being lost. And I bring this up because

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Elon Musk is this is supposed to be the Manhattan

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Project of our time. It's supposed to be an eighteen

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month project. And he's come in and he's made so

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much change, and you can see the impacts immediately, and

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I think we're gonna see those inflation numbers like almost.

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When I say almost immediately, we're already four years in

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or yeat, three years into the three and a half

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years into this inflation crisis. No, we are four years

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into this inflation crisis. I think he can get it

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down to two percent inflation by the end of four months.

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Remember we continue. He said when he went in, he

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was looking to save a billion dollars a day.

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Speaker 3: Now Musk is saying they could say four billion dollars

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a day, which is close to a trillion and a

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half dollars a year, and that's without even breaking a sweat.

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Once they really get into it, probably two trillion is

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doable and have a better national defense, right we will.

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You know, it's you're not even going to notice, Just

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like with when he took over Twitter and he got

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rid of eighty percent of the people working there and

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it worked better then.

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Speaker 1: We noticed for like two days during the weekend. I

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think X was very glitchy for two days on a weekend,

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and then people again the left was like, you see

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what happens when you fired eighty percent of your workforce

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and Twitter's down, and then on Monday everything's back. And

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we're now one and a half years in where it's

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going great and there have been no glitches and it

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only improved and their net profit is increasing. And so

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I think the same thing is going to happen with

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the government with any business.

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Speaker 4: You know.

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Speaker 1: I'm a consultant and I've gone into several clients businesses

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and laid off people. And I didn't lay off people

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because I didn't like them. I laid them off because

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they weren't performing. And the bit if they weren't performing

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and the business was not performing, their.

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Speaker 5: Jobs were useless, right, I mean.

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Speaker 1: They were replaced by people in house. So we increased

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the roles and our responsibilities and the people in house

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and what we want. Almost every layoff that I've done,

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having less people actually equated to more revenue of course,

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more net profit. So it's weird how that works, because

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you would think that let's just hire everybody and things

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should just grow and companies should just grow. But no,

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that's that's a deep Every organization has its own, let's

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call it deep state, has its own managerial class that

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it administrators to. And if you trim the managerial class,

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that administrative state the people who are collecting salaries and

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just cause them problems, not actually creating change like what

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we're seeing right now. And I get that forty percent

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of this country doesn't like the change, but sorry, this

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is what we voted for and we wanted to change.

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We didn't want the same stuff over the last really

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since Ronald Reagan, because Ronald Reagan tried what's it schedule off?

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Speaker 3: Yeah, he was the last guy who really made a

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serious effort at doing anything. Bush said he was going to.

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I mean, you really can't ever count on a and

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this isn't a partisan thing, it's just it's not in

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the Democrats DNA.

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Speaker 1: Well look, Trump said you were going to do us

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too in twenty sixteen and that was my biggest.

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Speaker 3: Everything, all the spending that the Congress. You can never

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count on Congress to do this stuff. You know, one

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thing is Congress says like actually allocated a lot of

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this money, and you know they've apportioned it in the budget,

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so there's a legal issue whether Trump has the power

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to cut this spending off.

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Speaker 1: There was a call, well you're doing it. They're doing it.

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It's happening, and it's going to go to the Supreme Court.

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Most likely he's going to have Congress behind. What I

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like is the entire the entire party has rallied around

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Trump in we have no choice. They have no choice.

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They may not like it, but they haven't and they've

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rallied behind it. And now all of his appointments, all

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of his cabinet appointees are going to be approved, even

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the ones who people were iffy about, like cash Bitel

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and Dulcie, Gabbard and Rfk, they now have enough votes

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to So the fact that people have rallied around Trump

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and his ideas, I think this is great. And Elon Musk,

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I think it's great that he has a huge role

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in this administration. For eighteen months he's been a clean house.

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And we're going to look back on this three four

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years down the road when it's time for the next

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election and say, hey, we needed it. It was painful.

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We understand it was painful, but the country is better

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off because of these county, because of paying down the

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debt and reducing our deficit. So I think this is great.

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I've been waiting for this forever. I didn't think it

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was going to happen in my lifetime because of the bureaucracy,

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because of the red tape, because of because of the swamp,

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the deep state. It's a huge swamp. And they're cleaning

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shop and I love it. They're cleaning house and I

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love it.

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Speaker 3: Yeah, it's about It's about time, right, It's absolutely out.

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Speaker 1: It's about freaking time. And what this is going to

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lead to is the biggest tax cut that this country

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that has ever seen. And I think what people need

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to understand again, when you talk to leftists, they hate

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tax cuts. Why do they hate tax cuts Because they

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don't really work. And if you don't work and make money,

401
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then you don't participate in the tax cuts. So the

402
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whole point of tax cuts, it's to incentivize people to

403
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work and make money so that you keep more of

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what you make. And that's what half this country doesn't

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understand that tax cuts are a good thing. We want

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to encourage our chill will work. We don't want them

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to encourage them to be lazy and to get free

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money from the government. We want to encourage them to

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go out and work to make money. So when people say, oh,

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why do wealthy people get tax cuts, they should be

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giving back more. That's one of the biggest misnomers in

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economics or in just politics that taxing the rich is

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going to help a country. In fact, treating the rich

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properly is what stimulates. If you read out the shrugged

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for example, sure what happens when you when you treat

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the rich like.

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Speaker 4: Do doo?

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Speaker 5: Well, they leave, they get the hell out, they.

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Speaker 1: Get up and they leave. And who are the people

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paying the largest stock Who are the people buying the

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first class airfare, buying the nice cars, eating at the

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nice restaurants. All of those businesses are dependent on rich people,

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on wealthy people. If you're going to treat the wealthy

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like doo doo, and I say this, I'm Indian. In

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a big part of our culture. You attend to my wedding.

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A big part of our culture is like big multi

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day weddings, right, And to have a big multi day wedding,

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you need to have a good amount of money. You

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need to have a high net worth to throw these

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big parties. And just imagine the entire I have friends

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who work in the literally the Indian wedding industry, from

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hair and makeup people, to caterers to decorators, to DJs

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and musicians and entertainers, you name it. Imagine how much

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that industry would take a hit if all of a

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sudden you say, hey, you rich people, you need to

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00:24:42,559 --> 00:24:45,720
pay more money. You shouldn't have all this money left over. Well,

437
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that's how a business, that's how an industry takes a hit.

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And now apply that same concept, copy and paste it

439
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across the auto industry and the restaurant industry and every

440
00:24:55,079 --> 00:24:58,880
other industry is going to get hurt. That's why tax

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cuts stimulate. It's called supply side economics. It has just

442
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you don't even need you don't even need to think

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about the history of it. Just think about the example

444
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that I just gave about, like a wedding, right, and

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all the money that's spent on a wedding or an

446
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event or a birthday party. So you want the people

447
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even if it's money. Somebody told me, a leftist told me, oh, well,

448
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rich people are cheap and they don't spend They just

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keep the money in a bank account, which is not true.

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But even if it is true.

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Speaker 5: How some of them are like anybody else.

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Speaker 1: But even if it's sitting in a cd even if

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it's sitting in a CD on at a Synchrony bank,

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or it's sitting in a mutual fund on robin Hood

455
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or Schwap, you're helping those and that's what you have

456
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to start. You're stimulating those businesses, those banks, those brokerages,

457
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or those hedge funds, those financial you're stimulating them because

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they're charging a fee and they're using your deposits here

459
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to you know, borrow the money out. So even if

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you're a rich person who's cheap, you're still assuming you

461
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don't have all your cash under a mattress, which nobody's

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gonna have.

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Speaker 5: Nobody does that'll work, Yeah, addage mattress nowadays.

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Speaker 1: So you're actually helping the economy. You're helping businesses. And

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if we go back to AOC, she's very far left

466
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New York congresswoman, not very amazon, not very bright, who

467
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believes that the rich should have a ninety percent income

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tax rate. She she she ruined. It wasn't even her district,

469
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it was a different district in New York when Amazon

470
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was looking to open number in majors and jobs, there

471
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were one hundred thousand, at least one hundred thousand jobs

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that were that were going to be offered to people

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in that area. And she said, no, Amazon, you can't

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come here because you didn't pay you didn't pay enough

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income tax and you are the enemy, so you're you're

476
00:26:58,119 --> 00:27:01,440
a bad company. You're not welcome here. So Amazon said, okay, fine,

477
00:27:01,480 --> 00:27:03,039
we'll just go take it somewhere else.

478
00:27:03,880 --> 00:27:05,279
Speaker 4: But they re elected her.

479
00:27:06,160 --> 00:27:09,039
Speaker 1: They well, it wasn't her district, it was somebody else's district.

480
00:27:09,279 --> 00:27:11,559
That Amazon was not going to be in her district.

481
00:27:11,559 --> 00:27:17,519
So she screwed over another district by not stimulating more

482
00:27:17,599 --> 00:27:20,960
jobs there. And that's how you screw people over. That's

483
00:27:20,960 --> 00:27:24,400
how you screw your own people over, by saying this

484
00:27:24,519 --> 00:27:26,640
is bad for you, this is bad for America, and

485
00:27:26,680 --> 00:27:29,640
then boom, we have no jobs. Like why do we

486
00:27:29,680 --> 00:27:30,279
have no jobs?

487
00:27:30,279 --> 00:27:30,400
Speaker 5: Oh?

488
00:27:30,440 --> 00:27:32,920
Speaker 1: Because our dummy politicians scared away all the jobs and

489
00:27:33,000 --> 00:27:33,640
the businesses.

490
00:27:34,200 --> 00:27:36,519
Speaker 5: This is not the brightest bulb on the tree. That's

491
00:27:37,079 --> 00:27:37,759
this is what I mean.

492
00:27:37,759 --> 00:27:41,200
Speaker 1: But you'll be surprised, Carrie. Half the country thinks this way.

493
00:27:41,319 --> 00:27:43,079
They legitimately think this way.

494
00:27:43,279 --> 00:27:48,680
Speaker 3: Well, and that's education that's lacking for sure. So what

495
00:27:48,960 --> 00:27:53,519
man sense, We're going to get more tax your tax breaks,

496
00:27:53,519 --> 00:27:56,119
they're going to be extended. I expect we'll see the

497
00:27:56,160 --> 00:27:59,200
corporate rate cut to fifteen percent, and.

498
00:27:59,519 --> 00:28:00,920
Speaker 4: We will see the.

499
00:28:03,119 --> 00:28:10,119
Speaker 3: Personal rates and the bonus depreciation extended forever. What's that

500
00:28:10,160 --> 00:28:12,680
going to do for real estate, for the economy, what's

501
00:28:12,680 --> 00:28:13,400
your take on it.

502
00:28:14,279 --> 00:28:17,079
Speaker 1: Well, it's going to stimulate the economy obviously, So what

503
00:28:17,160 --> 00:28:20,559
the US government, It appears a strategy is to cut

504
00:28:20,599 --> 00:28:24,559
down inflation through the government cuts, so to save the

505
00:28:24,599 --> 00:28:27,960
government trillions of dollars, which is going to I guess

506
00:28:27,960 --> 00:28:30,400
part of it is you have government workers who are

507
00:28:30,480 --> 00:28:32,240
going to be laid off. Now they have eight months

508
00:28:32,279 --> 00:28:36,440
severance packages. No company is get unless you're a very

509
00:28:36,559 --> 00:28:41,039
senior president of a major corporation. No company out there

510
00:28:41,079 --> 00:28:44,200
is given eight months severance packages. So, yes, it is

511
00:28:44,240 --> 00:28:46,599
sad that these people are losing their jobs and they

512
00:28:46,640 --> 00:28:50,000
have families and they have retirements. But at the same time,

513
00:28:50,960 --> 00:28:56,599
if they truly had valuable skills that are of benefit,

514
00:28:56,839 --> 00:29:00,359
then those skills will be transferable to the private sector

515
00:29:00,400 --> 00:29:02,480
where they could legitimately make the double.

516
00:29:02,920 --> 00:29:08,720
Speaker 3: They can look legitimately, definitely. I think they're doomed myself.

517
00:29:08,839 --> 00:29:12,079
Now whether they should be doomed or not is another story.

518
00:29:12,119 --> 00:29:14,880
But these people are useless. They couldn't make it in

519
00:29:14,920 --> 00:29:18,400
the private sector. That's where they many of them out

520
00:29:18,440 --> 00:29:25,359
there went to the public sector and they're doomed. And uh,

521
00:29:25,920 --> 00:29:28,720
I don't know that there's anything that could be done

522
00:29:28,720 --> 00:29:29,359
to save them.

523
00:29:29,440 --> 00:29:32,319
Speaker 1: Honestly, you could be right, but I'm just I'm taking

524
00:29:32,720 --> 00:29:34,960
the optimistic side of Hey, if you are a good

525
00:29:34,960 --> 00:29:37,519
worker and you do have those skills and you were cut,

526
00:29:37,920 --> 00:29:39,839
you could go in like this is this is actually

527
00:29:39,880 --> 00:29:41,480
a good thing, Like you could go into the private

528
00:29:41,519 --> 00:29:44,680
and we actually know of I know of doctor. I'm

529
00:29:44,720 --> 00:29:46,960
part of these My wife's a doctor, some part of

530
00:29:46,960 --> 00:29:49,880
these different doctor groups of men who are married to doctors.

531
00:29:50,319 --> 00:29:53,759
And I know of people who, for example, doctors they

532
00:29:53,920 --> 00:29:57,759
were cut from the VA because the VA cut. They

533
00:29:57,759 --> 00:29:59,920
basically said you have to come back into the office.

534
00:30:00,079 --> 00:30:02,720
Because a lot of these doctors were remote, so they

535
00:30:02,720 --> 00:30:04,680
said you have to come back into the office. And

536
00:30:04,720 --> 00:30:08,200
many of these doctors moved like far away from where

537
00:30:07,880 --> 00:30:11,440
their hospital is and they said, you have to come

538
00:30:11,440 --> 00:30:14,319
back into the hospital. If you can't come back, then

539
00:30:14,319 --> 00:30:16,200
you have to take this severance package. You know, it

540
00:30:16,240 --> 00:30:20,319
was eight months of pay. Well, initially there was a

541
00:30:20,359 --> 00:30:24,359
lot of anger from the spouses, like I hate this

542
00:30:24,440 --> 00:30:27,720
government and what are they doing. Then they started exploring.

543
00:30:27,759 --> 00:30:31,440
The wife started exploring these jobs in the private sector

544
00:30:31,480 --> 00:30:36,119
where they were legitimately mating after bonuses more than double

545
00:30:36,640 --> 00:30:38,000
than what they were being paid.

546
00:30:37,759 --> 00:30:38,160
Speaker 4: By the VA.

547
00:30:38,240 --> 00:30:40,359
Speaker 1: So they're like, oh, actually, you know, yeah, the VA

548
00:30:40,480 --> 00:30:42,599
was a nice cush job, but the private sector, we

549
00:30:42,640 --> 00:30:44,599
could make double the amount we're making the force. So

550
00:30:44,640 --> 00:30:47,720
it actually works out and there's still a major shortage.

551
00:30:47,960 --> 00:30:50,440
I'm giving this example because this is an example that

552
00:30:50,799 --> 00:30:52,079
people can take the heart and.

553
00:30:54,440 --> 00:30:57,599
Speaker 3: I think that's the exception, not the rule. But we'll

554
00:30:57,640 --> 00:31:03,400
find out soon enough. So, but the assuming the tax

555
00:31:03,440 --> 00:31:06,960
cuts go through bonus deppreciation, then it's going to be.

556
00:31:07,519 --> 00:31:09,599
Speaker 1: No taxes on tips. Also that that's.

557
00:31:09,799 --> 00:31:13,920
Speaker 3: Taxes on tips, no taxes on social security. If we

558
00:31:13,920 --> 00:31:16,680
could get rid of the income tax, can you imagine

559
00:31:17,519 --> 00:31:20,920
the boom in this country. I don't think that he

560
00:31:20,960 --> 00:31:23,640
can do it for real. Simple reason reason in the

561
00:31:23,759 --> 00:31:28,799
rash is that currently the average tariff is two percent

562
00:31:29,480 --> 00:31:34,359
and it brings in eighty billion now they're probably fudging

563
00:31:35,000 --> 00:31:40,960
another five hundred billion worth of imports that come in

564
00:31:41,039 --> 00:31:47,880
under the dominimous rule, which has been abused. So at

565
00:31:47,920 --> 00:31:50,839
best we're going to get five hundred If it was

566
00:31:50,920 --> 00:31:52,559
twenty percent tariff.

567
00:31:52,680 --> 00:31:57,240
Speaker 5: We would get probably well close to a trillion.

568
00:31:57,480 --> 00:31:58,039
Speaker 4: Not enough.

569
00:31:58,720 --> 00:32:02,160
Speaker 1: Let's you bring up tariffs, which I think is important

570
00:32:02,200 --> 00:32:04,759
because this is a part of the This ties into

571
00:32:04,960 --> 00:32:09,359
DOGE and the income or the tax cuts. So so

572
00:32:09,480 --> 00:32:12,920
first off, the tariffs that the big tariffs Trump was

573
00:32:12,960 --> 00:32:17,799
talking about were against Canada, Mexico, and China, and Canada

574
00:32:17,839 --> 00:32:20,160
and Mexico. The terriffs are it's just going to be

575
00:32:20,200 --> 00:32:26,000
a continuation of the people forget that Biden tariff countries also,

576
00:32:26,240 --> 00:32:29,920
and Trump is going to keep those Biden tariffs. So

577
00:32:30,119 --> 00:32:32,359
that's number one. But they're not very much.

578
00:32:32,759 --> 00:32:36,519
Speaker 3: There's no substitute for what we're doing now, you know,

579
00:32:36,680 --> 00:32:39,319
they're just not but the difference.

580
00:32:39,400 --> 00:32:42,640
Speaker 1: And I want to talk about China because I actually

581
00:32:42,720 --> 00:32:45,000
think we should tear iff China one hundred percent.

582
00:32:45,880 --> 00:32:46,000
Speaker 4: Uh.

583
00:32:46,640 --> 00:32:50,000
Speaker 1: The Chinese Communist Party is the biggest threat in enemy

584
00:32:50,039 --> 00:32:53,279
to the United States. It is a bigger threat than Russia,

585
00:32:53,400 --> 00:32:57,000
a bigger threat than radical Islam. The Chinese Communist Party

586
00:32:57,680 --> 00:33:00,400
has done a really good job of infiltrating not just

587
00:33:00,440 --> 00:33:05,240
the US but the global landscape, and the Chinese Communist

588
00:33:05,279 --> 00:33:07,480
Party can be replaced. And this is one thing I

589
00:33:07,640 --> 00:33:10,799
liked about Obama. He had this TPP, which was a

590
00:33:10,839 --> 00:33:16,160
trans Pacific Partnership where you could essentially replace China with

591
00:33:16,440 --> 00:33:23,400
India and Indonesia and Malaysia and Taiwan and South Korea, Australia, Malaysia,

592
00:33:23,440 --> 00:33:26,720
the list goes on and on and on. So I

593
00:33:26,759 --> 00:33:32,319
think a tariff against China is or increasing tariffs against

594
00:33:32,359 --> 00:33:37,359
China is a really really good thing. And you continue

595
00:33:37,440 --> 00:33:43,480
to raise funds through that, you do the TPP. Eventually

596
00:33:43,519 --> 00:33:48,240
we want to become independent from China. So then how

597
00:33:48,279 --> 00:33:51,039
does the federal government. Yeah, you can't go one hundred

598
00:33:51,079 --> 00:33:53,880
percent get rid of the entire federal income tax. But

599
00:33:53,960 --> 00:33:55,920
this is the whole point of a TIV, right, like

600
00:33:55,960 --> 00:33:58,720
the whole point of a flat tax. So and that's

601
00:33:58,720 --> 00:34:01,599
something that everybody has all that, at least the right

602
00:34:01,640 --> 00:34:03,839
conservatives have agreed on, Like, you know, we should pay

603
00:34:03,880 --> 00:34:06,640
some tax, a ten percent flat tax.

604
00:34:06,799 --> 00:34:09,360
Speaker 5: Well, no, I don't know what was national sales tax?

605
00:34:10,880 --> 00:34:13,800
Speaker 1: We could do that too, it's better than the current system.

606
00:34:14,079 --> 00:34:16,440
It Just ask anybody who files their taxes and they're

607
00:34:16,480 --> 00:34:19,519
just lost. They're like, I don't even know where to begin,

608
00:34:19,679 --> 00:34:23,800
what can be done. It's confusing to even accountants in CPAs.

609
00:34:23,880 --> 00:34:26,760
So make it simple, make it easy. The fact that

610
00:34:26,800 --> 00:34:29,159
people who get the best CPAs to get the best

611
00:34:29,199 --> 00:34:32,840
deductions and the best tax cuts shows how unfair the

612
00:34:32,880 --> 00:34:37,440
system is for the lower class, for the people who

613
00:34:37,639 --> 00:34:41,599
deserve those tax cuts even more than the wealthy. So

614
00:34:41,639 --> 00:34:44,000
we need to make it a very simple tax code.

615
00:34:44,119 --> 00:34:47,559
Make it simple, make it easy to where a person

616
00:34:47,599 --> 00:34:50,960
can just go on their phone and see, okay, these

617
00:34:51,000 --> 00:34:55,000
are the ten to fifteen rules and easy, you know,

618
00:34:55,280 --> 00:34:57,559
at least for personal income tax. Business tax would be

619
00:34:57,559 --> 00:34:58,159
something different.

620
00:34:58,400 --> 00:35:01,239
Speaker 5: All right, all right, if we want to find you,

621
00:35:01,239 --> 00:35:02,079
how do we find you?

622
00:35:02,119 --> 00:35:02,559
Speaker 4: On the web?

623
00:35:02,920 --> 00:35:05,119
Speaker 1: Na Visa dot com, n A R E, S H

624
00:35:05,239 --> 00:35:09,880
V S Savisa dot com. You can see my latest

625
00:35:10,239 --> 00:35:12,920
work over there and subscribe to my mailing lists and

626
00:35:12,960 --> 00:35:14,360
contact me through there as well.

627
00:35:14,400 --> 00:35:16,880
Speaker 3: All right, excellent, And the link is in the show

628
00:35:16,880 --> 00:35:20,519
notes to this interview on Financial Survival Network dot com.

629
00:35:20,639 --> 00:35:24,400
Questions comments for Naresh myself shoot me an email kl

630
00:35:24,519 --> 00:35:28,079
at Carrie LUTs dot com. And while you're at the site,

631
00:35:28,119 --> 00:35:32,079
please sign up free free complimentary newsletter, like over seventy

632
00:35:32,159 --> 00:35:36,159
thousand other FSN members haveesh We'll talk to you again soon.

633
00:35:36,239 --> 00:35:37,239
Speaker 4: Thanks for coming on.

634
00:35:37,159 --> 00:35:39,880
Speaker 2: Thank you all the bests, Thanks for listening to Carrie

635
00:35:39,960 --> 00:35:45,280
Letz's Financial Survival Network, your solution to today's trying times.

636
00:35:45,480 --> 00:35:49,039
For the latest, go to Financial Survival Network dot com.

637
00:35:49,079 --> 00:35:52,920
Financial Survival Network now more than ever,