WEBVTT 1 00:00:00.320 --> 00:00:08.199 You're listening to KFI AM sixty on demand. 2 00:00:05.799 --> 00:00:08.720 Six more stimulating talk, Chris Marylyn. 3 00:00:09.439 --> 00:00:13.119 Imagine that you have the unthinkable happen and you lose 4 00:00:13.279 --> 00:00:20.199 a child. That did happen to a couple in Texas. 5 00:00:21.320 --> 00:00:27.440 They did not get their kids vaccinated there. Their kids 6 00:00:27.480 --> 00:00:31.440 got measles, and you've probably heard that measles has claimed 7 00:00:31.480 --> 00:00:32.560 the life of one person. 8 00:00:32.600 --> 00:00:33.320 It was their kid. 9 00:00:34.560 --> 00:00:38.600 They live in a Mennonite community and they speak the 10 00:00:39.039 --> 00:00:44.479 Mennonite German, which is a kind of a it's Germanish. Anyway, 11 00:00:44.520 --> 00:00:46.159 this is what they were saying through a translator. Let 12 00:00:46.159 --> 00:00:47.399 me see if this audio comes. 13 00:00:47.240 --> 00:00:47.759 Through well enough. 14 00:00:48.479 --> 00:00:50.960 They think that it's not as bad as the media 15 00:00:51.039 --> 00:00:53.799 is making it out to be. And it was her 16 00:00:54.079 --> 00:00:57.880 time on earth. They believe that she's better off where 17 00:00:57.880 --> 00:01:00.679 she is now versus all the negative many and all 18 00:01:00.719 --> 00:01:02.280 the stuff going on. 19 00:01:03.679 --> 00:01:05.640 Was that loud enough, CONO, I know it was kind 20 00:01:05.640 --> 00:01:07.799 of quiet there. It was good enough, all right? Thanks, 21 00:01:08.519 --> 00:01:12.280 so they say, well it was time. That would be 22 00:01:12.319 --> 00:01:14.200 tough for me to reconcile. Joining us right now is 23 00:01:14.200 --> 00:01:16.760 our ABC News correspondent to in Texas, Jim Ryan. 24 00:01:16.840 --> 00:01:17.680 Jim, good talk to you again. 25 00:01:17.719 --> 00:01:21.200 They're my friend what a bizarre and sad story. This 26 00:01:21.439 --> 00:01:24.799 is when yeah, you lose, you lose a child, and 27 00:01:24.799 --> 00:01:27.519 then we run into this ethical and moral quandary between 28 00:01:28.280 --> 00:01:29.239 parenting and religion. 29 00:01:29.959 --> 00:01:31.519 Yeah, well, you're right. 30 00:01:31.760 --> 00:01:35.480 There are Mennonites. This is a deeply religious community out 31 00:01:35.480 --> 00:01:39.359 there in West Texas Gaines County. Parents who came originally 32 00:01:39.359 --> 00:01:42.760 from Germany, I assume, or from that part of Europe. 33 00:01:42.920 --> 00:01:45.120 And yes, this is a part of their culture. 34 00:01:45.120 --> 00:01:45.280 Now. 35 00:01:45.280 --> 00:01:48.959 The leadership in the Mennonite church out there, he says 36 00:01:48.560 --> 00:01:52.159 that the main pastor there says that he doesn't preach 37 00:01:52.319 --> 00:01:55.840 against getting your kids vaccinated or for getting your kids vaccinated. 38 00:01:55.840 --> 00:01:57.799 He says he leaves it to the parents. But it 39 00:01:57.879 --> 00:01:59.760 seems to be at least based on what these parents 40 00:01:59.760 --> 00:02:02.200 have had, the parents of the child who died, that 41 00:02:02.319 --> 00:02:06.159 they leave God's hands. That there are other ways of 42 00:02:06.239 --> 00:02:12.039 treating or preventing measles, cod lit oil, vitamins, supplements, name. 43 00:02:12.199 --> 00:02:14.840 Traditional health community out there in West Texas and elsewhere 44 00:02:14.840 --> 00:02:17.120 says that just doesn't work. Vaccination is the best way 45 00:02:17.159 --> 00:02:17.919 to protect your kids. 46 00:02:19.360 --> 00:02:23.400 Yeah, there seem to be a lot of these old wives. 47 00:02:23.039 --> 00:02:29.280 Tales type remedies, right, These home remedies and nothing seems 48 00:02:29.280 --> 00:02:32.280 to back that up. Are they getting any support that 49 00:02:32.400 --> 00:02:34.319 you know of, Jim? Are they getting other people that 50 00:02:34.360 --> 00:02:37.479 are rallying behind them and saying that's right, don't get 51 00:02:37.479 --> 00:02:40.120 your kids vaccinated even if you lose one, because they 52 00:02:40.120 --> 00:02:41.400 still have other kids, right. 53 00:02:41.719 --> 00:02:45.520 For other kids, And all of them had measles. They 54 00:02:45.520 --> 00:02:47.919 were treated by a doctor out there who's kind of 55 00:02:47.919 --> 00:02:51.719 gaining a name in West Texas for his defiance against 56 00:02:51.800 --> 00:02:54.479 the call to vaccinate children. They also have the backing 57 00:02:54.520 --> 00:02:57.800 of something called the Children's Health Defense, which they posted 58 00:02:57.840 --> 00:03:00.319 the interview conducted and then posted this inn you with 59 00:03:00.360 --> 00:03:04.000 the parents on their website. On its website, this group 60 00:03:04.159 --> 00:03:06.879 CHD Children's Health Defense was founded in two thousand and 61 00:03:06.919 --> 00:03:10.919 seven by Robert F. Kennedy Junior. It's somehow it's a 62 00:03:10.960 --> 00:03:16.240 nonprofit organization and was founded long before the pandemic, long 63 00:03:16.280 --> 00:03:18.479 before this. Certain this measle. 64 00:03:18.280 --> 00:03:20.400 Outbreak, certainly, but this is Robert F. 65 00:03:20.520 --> 00:03:25.280 Kennedy's group, and it's the one who has these parents 66 00:03:25.280 --> 00:03:27.800 out and front doesn't identify them by name, but does 67 00:03:27.840 --> 00:03:30.039 do this interview with the parents of the child to die. 68 00:03:31.400 --> 00:03:35.199 So this is interesting because RFK Junior sat in front 69 00:03:35.199 --> 00:03:37.400 of the Senate confirmation hearing and said that he was 70 00:03:37.439 --> 00:03:39.039 not going to discourage vaccinations. 71 00:03:39.120 --> 00:03:40.000 Right, but here his. 72 00:03:41.280 --> 00:03:46.599 Whole books, right, Well, that's true, He personally isn't isn't 73 00:03:47.759 --> 00:03:49.000 discouraging vaccination. 74 00:03:49.080 --> 00:03:50.520 In fact, you know, he's he's. 75 00:03:50.360 --> 00:03:52.280 Now saying that it's a good idea to get your 76 00:03:52.319 --> 00:03:55.439 kids vaccinated. But that's not a complete endorsement. It's not 77 00:03:55.639 --> 00:03:57.919 urging parents please go get your kid vaccinated. It's not 78 00:03:58.120 --> 00:04:00.759 that at all. These kind of hedged a little bit 79 00:04:00.800 --> 00:04:04.560 here in the last couple of weeks, and this I 80 00:04:04.599 --> 00:04:05.439 thought was fascinating. 81 00:04:05.479 --> 00:04:05.800 Chris. 82 00:04:06.240 --> 00:04:10.719 So, these Children's Health Defense on its website posted a 83 00:04:10.759 --> 00:04:14.240 page which mimicked the Centers for Disease Control and Prevention 84 00:04:14.479 --> 00:04:17.519 the CDC. This page looked, you know, the same font, 85 00:04:17.600 --> 00:04:22.399 same logo, same everything, except that it talks on this 86 00:04:22.480 --> 00:04:26.720 page about vaccines and a connection to autism, which is 87 00:04:26.759 --> 00:04:28.680 something that Kennedy has talked about for a long time. 88 00:04:29.279 --> 00:04:34.360 So this page was posted there and Robert F. Kennedy 89 00:04:34.439 --> 00:04:38.160 Junior saw it and called the Children's Health Defends and said, hey, 90 00:04:38.160 --> 00:04:41.079 you got to take that down. So maybe his position 91 00:04:41.199 --> 00:04:43.920 is changing somewhat now that he's held in Human Service 92 00:04:43.920 --> 00:04:47.160 as Secretary who knows, but even that was too much 93 00:04:47.160 --> 00:04:48.399 for Kennedy. 94 00:04:49.120 --> 00:04:51.600 But am I mistaken Jim? It seems that Jim ryaner 95 00:04:51.639 --> 00:04:54.600 Abyceniors correspondent didn't. I see that the CDC is now 96 00:04:54.600 --> 00:04:56.560 going to be investigating whether or not there's any link 97 00:04:56.600 --> 00:04:59.120 between vaccines and autism. 98 00:05:00.000 --> 00:05:03.319 It is the research which has been done since the 99 00:05:03.399 --> 00:05:06.000 nineteen nineties has shown that there is no link between this. 100 00:05:06.160 --> 00:05:10.120 But we're talking about a Health and Human Services secretary 101 00:05:10.160 --> 00:05:13.560 who's kind of directing that show others changes in staffing 102 00:05:13.600 --> 00:05:16.480 at CDC, and so they will spend some other time 103 00:05:16.920 --> 00:05:19.519 and some of your money, Chris, to determine whether there's 104 00:05:19.560 --> 00:05:23.600 any link between autism and vaccination. In the past, there's 105 00:05:23.639 --> 00:05:26.399 been no link established at all. 106 00:05:26.480 --> 00:05:28.839 All Right, Jim, let's go back to this couple in 107 00:05:28.879 --> 00:05:31.319 West Texas that lost the young one and say that 108 00:05:31.360 --> 00:05:34.759 they still wouldn't get their kids vaccinated and that, as 109 00:05:34.800 --> 00:05:37.560 you said, they believed it was their child's time to go. 110 00:05:37.720 --> 00:05:40.839 That I guess basically God called this kid home. 111 00:05:43.279 --> 00:05:45.319 Is there a response by others in the community, because 112 00:05:45.319 --> 00:05:48.519 I know there are pockets in Texas, especially in West Texas, 113 00:05:48.800 --> 00:05:51.399 with very very low vaccination rates. In fact, I was 114 00:05:51.439 --> 00:05:54.720 just reading an article last week about one school was 115 00:05:54.800 --> 00:05:57.600 bragging about having the lowest vaccination rate in the state. 116 00:05:57.639 --> 00:06:00.839 Only fourteen percent of their students were vaccinated, which to 117 00:06:00.879 --> 00:06:03.639 me seems like a really strange brag, not the flex 118 00:06:03.680 --> 00:06:06.360 they think it is, but they're doing it. Are we 119 00:06:06.399 --> 00:06:08.720 seeing some other parents that are that are heating the 120 00:06:08.759 --> 00:06:11.240 warning and going, Okay, you know, in principle, I was 121 00:06:11.240 --> 00:06:14.000 all for this before, but maybe now that now that 122 00:06:14.040 --> 00:06:14.800 it's here, I bought it. 123 00:06:14.839 --> 00:06:17.160 I better get my kid vaccinated. Yeah. 124 00:06:17.399 --> 00:06:20.079 So, despite you know what's being said in the in 125 00:06:20.120 --> 00:06:23.600 the Mennonine community, out there other places, Yes, the health 126 00:06:23.600 --> 00:06:27.120 department in Lubbock, for example, out out in West Texas 127 00:06:27.120 --> 00:06:31.120 and other state health departments have set up vaccination clinics. 128 00:06:31.519 --> 00:06:32.600 They offer them free. 129 00:06:32.639 --> 00:06:35.720 They park a VANA or RV outside the hospital and 130 00:06:35.720 --> 00:06:38.040 they say come on. And yes, they've had lines of 131 00:06:38.079 --> 00:06:40.120 people who were bringing their kids in and saying, you 132 00:06:40.120 --> 00:06:42.199 know what, I better get this kid vaccinated because people 133 00:06:42.240 --> 00:06:45.800 are getting sick, people are dying. So yes, you are 134 00:06:45.879 --> 00:06:49.759 seeing that people are getting their kids vaccinated, such that. 135 00:06:50.920 --> 00:06:53.439 Distribution was getting a little tight for. 136 00:06:53.519 --> 00:06:56.240 The vaccine out there to West Texas. That's kind of 137 00:06:56.279 --> 00:06:57.959 a good thing the Health Department wants to see that. 138 00:06:58.240 --> 00:07:02.240 At the same time, you're seeing shortages essentially of things 139 00:07:02.279 --> 00:07:03.319 like cod. 140 00:07:03.160 --> 00:07:08.639 Live oil supplements in some of the drug stores out there. 141 00:07:10.040 --> 00:07:15.160 Yeah, and uh, what's that? Uh, what's that Crackpot Jones? 142 00:07:15.160 --> 00:07:17.160 That's he's selling supplements at his website right. 143 00:07:17.319 --> 00:07:17.800 Uh. 144 00:07:18.439 --> 00:07:22.079 Uh are a radio guy there, the Sandy Hook. 145 00:07:21.920 --> 00:07:22.480 Alex Jones. 146 00:07:22.480 --> 00:07:24.639 Alex, He's got a supplement. 147 00:07:24.680 --> 00:07:28.240 I'm sure he's got something that's gonna cure everything for everyone. 148 00:07:27.800 --> 00:07:30.399 It sounds like something my sister in law will get into. 149 00:07:30.399 --> 00:07:33.279 She just loves to push u you know, healing crystals 150 00:07:33.279 --> 00:07:38.160 and and uh, the essential oils sounds perfect. 151 00:07:38.519 --> 00:07:41.120 Yeah, well it's I mean, the people put a lot 152 00:07:41.120 --> 00:07:43.879 of faith in that stuff. And uh, and there is 153 00:07:43.959 --> 00:07:48.720 this deep suspicion. I think, more than anything else, Chris, 154 00:07:48.199 --> 00:07:53.000 it tells us how deeply divided on principle the country is, 155 00:07:54.160 --> 00:07:56.600 you know, on science and on things that we used 156 00:07:56.600 --> 00:07:59.240 to take for granted. You know, I've got everybody got 157 00:07:59.240 --> 00:08:01.839 the MLR shot before they went off to school. But 158 00:08:02.000 --> 00:08:06.319 now you have this this suspicion about that. And I 159 00:08:06.319 --> 00:08:08.040 don't know if it's going to get better or gonna 160 00:08:08.040 --> 00:08:08.480 get worse. 161 00:08:08.920 --> 00:08:11.759 It is so strange to me though, Jim, because once we. 162 00:08:11.759 --> 00:08:13.600 All say I don't trust him, I don't trust him, 163 00:08:13.600 --> 00:08:16.360 I don't trust him. But then of course once it's 164 00:08:16.399 --> 00:08:19.120 in the community and we have a child who loses 165 00:08:19.160 --> 00:08:22.000 their lives, then people are lining up to get their 166 00:08:22.079 --> 00:08:25.360 kids vaccinated. So how deeply do their principles really run? 167 00:08:26.120 --> 00:08:26.279 Right? 168 00:08:26.519 --> 00:08:28.439 Of course that's what we're yeah, that's what we're watching 169 00:08:28.480 --> 00:08:30.480 from from a farm, all right, Jim, always great talking 170 00:08:30.519 --> 00:08:31.040 to you, my friend. 171 00:08:31.040 --> 00:08:31.519 Thank you so much. 172 00:08:31.560 --> 00:08:34.960 Jim Ryan Aby, Seniors correspondent who is in Texas. They're 173 00:08:35.000 --> 00:08:36.519 great talking with Jim. 174 00:08:36.960 --> 00:08:40.840 You're listening to KFI AM six forty on demand. 175 00:08:42.000 --> 00:08:44.960 Meryl I AM six forty more stimulating talk and on 176 00:08:45.039 --> 00:08:50.000 demand anytime the iHeartRadio Act if you missed it. Last week, 177 00:08:51.840 --> 00:08:55.399 President Trump signed an order saying get rid of the 178 00:08:55.440 --> 00:08:57.480 Department of Education, which is kind of tough to do 179 00:08:57.559 --> 00:09:02.000 because it's not a president department, but it is under 180 00:09:02.000 --> 00:09:05.639 the executive branch, which means he can just about decimate 181 00:09:05.639 --> 00:09:06.600 it anytime he wants. 182 00:09:07.200 --> 00:09:10.960 President Trump signing yet another executive order today, this one 183 00:09:11.000 --> 00:09:15.200 directing his Education secretary to dismantle the Department of Education. 184 00:09:15.559 --> 00:09:20.039 We're going to be returning education very simply back to 185 00:09:20.200 --> 00:09:23.679 the states where it belongs to the administration, arguing US 186 00:09:23.759 --> 00:09:26.639 schools are failing, but the Department of Education does not 187 00:09:26.759 --> 00:09:31.120 administer a curriculum, create lessons, or set requirements for enrollment 188 00:09:31.159 --> 00:09:31.879 and graduation. 189 00:09:32.639 --> 00:09:36.200 So what do they do if the Department of Education 190 00:09:36.279 --> 00:09:37.919 doesn't oversee education. 191 00:09:37.799 --> 00:09:38.320 What are they? 192 00:09:38.480 --> 00:09:42.240 Critics arguing this move will gut public education funding and 193 00:09:42.360 --> 00:09:45.600 hurt millions of low income students and those with disabilities. 194 00:09:45.840 --> 00:09:49.039 Oh, follow the money. 195 00:09:49.720 --> 00:09:52.559 What we find is when we give block grants to 196 00:09:52.960 --> 00:09:56.639 states a lot of times, that hurts students in need 197 00:09:56.919 --> 00:10:00.960 that help. That hurts brown and black children, and that 198 00:10:01.080 --> 00:10:05.840 gives states opportunity to leave students out. 199 00:10:05.919 --> 00:10:08.399 But the White House saying the department will not totally 200 00:10:08.440 --> 00:10:11.159 shut down, but when it comes to student loans and pelgrants, 201 00:10:11.200 --> 00:10:13.360 those will still be run out of the Department of Education. 202 00:10:13.960 --> 00:10:16.639 But we don't need to be spending more than three trillion. 203 00:10:16.240 --> 00:10:18.639 Dollars over the course of a few decades on a 204 00:10:18.799 --> 00:10:22.639 department that's clearly failing in its initial intention to educate 205 00:10:22.679 --> 00:10:23.320 our students. 206 00:10:23.639 --> 00:10:26.279 All right, so three trillion dollars over decades. 207 00:10:26.320 --> 00:10:27.960 You notice how they kind of cut they go we 208 00:10:28.000 --> 00:10:30.440 don't need to be spending three trillion dollars over decades. 209 00:10:32.840 --> 00:10:34.480 Here are these numbers thrown around. 210 00:10:35.200 --> 00:10:38.159 For instance, they talk about the budget and the you know, 211 00:10:38.200 --> 00:10:42.279 the Republicans passing the continuing Resolution, and they want to 212 00:10:42.320 --> 00:10:44.320 extend the tax cuts, and they say, well, the tax 213 00:10:44.360 --> 00:10:46.600 cuts are going to cost four point five trillion dollars, 214 00:10:47.000 --> 00:10:49.720 and then they want to cut more, and they want 215 00:10:49.759 --> 00:10:51.440 to cut another two trillion dollars. 216 00:10:51.240 --> 00:10:53.240 That's not that's not per year. 217 00:10:54.600 --> 00:10:56.720 So I think I always think that we tend to 218 00:10:56.720 --> 00:10:59.120 throw a bunch of numbers around, but we don't really 219 00:10:59.120 --> 00:11:01.759 give those numbers con text. It is tough enough to 220 00:11:01.799 --> 00:11:04.879 fathom what a trillion dollars is anyway, it's even harder 221 00:11:04.919 --> 00:11:07.759 to fathom when we don't give it any sort of context. 222 00:11:07.759 --> 00:11:10.639 We say it's trillions of dollars over ten years, or 223 00:11:10.639 --> 00:11:15.440 in this case, three trillion dollars since its inception back 224 00:11:15.480 --> 00:11:16.200 in the seventies. 225 00:11:16.600 --> 00:11:17.519 Right, listen, But. 226 00:11:17.440 --> 00:11:19.519 We don't need to be spending more than three trillion 227 00:11:19.559 --> 00:11:22.799 dollars over the course of a few decades. On three 228 00:11:22.840 --> 00:11:25.399 trillion dollars over the course of a few decades, it's 229 00:11:25.480 --> 00:11:30.000 been like forty five years. I'm not saying that it's 230 00:11:30.080 --> 00:11:33.679 a good use of money, but context context. 231 00:11:33.360 --> 00:11:36.639 Come on, official, saying a smaller agency will help carry 232 00:11:36.679 --> 00:11:39.879 out some of the critical functions that the department focuses on, 233 00:11:40.320 --> 00:11:44.080 like enforcing laws against discrimination and providing funding for low 234 00:11:44.120 --> 00:11:46.039 income students and special education. 235 00:11:46.240 --> 00:11:49.200 I don't believe that those funds will still be there 236 00:11:49.399 --> 00:11:50.759 if this department is closed. 237 00:11:50.840 --> 00:11:54.240 Head of the American Federation of Teachers, Randy Weingarten saying 238 00:11:54.279 --> 00:11:57.320 on social media, mister President, we will see you in court. 239 00:11:57.600 --> 00:11:58.080 Yeah, of course. 240 00:11:58.120 --> 00:12:00.919 We're a group of Democratic senators has written a letter 241 00:12:01.080 --> 00:12:05.519 to Education Secretary Linda McMahon urging her to reinstate those 242 00:12:05.559 --> 00:12:09.799 former employees, warning if not, student loan borrowers will suffer 243 00:12:09.960 --> 00:12:13.639 dire consequences. Queena Roy, ABC News, New York. 244 00:12:13.759 --> 00:12:17.480 Yeah, something like forty percent of the student loans that 245 00:12:17.519 --> 00:12:20.960 are out there are past due. And a lot of 246 00:12:20.960 --> 00:12:22.559 this has to do with the confusion from the last 247 00:12:22.559 --> 00:12:25.440 administration with the on again, off. 248 00:12:25.279 --> 00:12:28.679 Again student loan forgiveness. So who's it going to affect? 249 00:12:29.159 --> 00:12:33.720 Low income rural schools and students with disabilities mostly going 250 00:12:33.759 --> 00:12:36.360 to be affected. Your student loans are now going to 251 00:12:36.399 --> 00:12:42.000 have to be paid back to the small Business the 252 00:12:43.279 --> 00:12:45.919 administration and Mostet Association Small Business Administration. 253 00:12:46.039 --> 00:12:47.320 That's who's going to take over that. 254 00:12:48.200 --> 00:12:50.600 As far as what your kids are learning, and we 255 00:12:51.200 --> 00:12:55.200 talk about schools aren't educating well enough. Our education level 256 00:12:55.279 --> 00:12:58.759 is dropping. The United States has falling behind. Department of 257 00:12:58.840 --> 00:13:01.279 Education doesn't see anything that has to do with curriculum 258 00:13:01.320 --> 00:13:04.159 that's still set at state levels. But we are likely 259 00:13:04.240 --> 00:13:07.120 to see a bunch of cuts to the workforce at 260 00:13:07.159 --> 00:13:10.840 the Department of Education. I think they're getting doged. You're 261 00:13:10.840 --> 00:13:13.159 gonna get doged right out of here. They're gonna have 262 00:13:13.279 --> 00:13:16.399 the workforce cut it right off. By the way, they 263 00:13:16.440 --> 00:13:18.559 said that, well, they want to make sure they protect 264 00:13:18.559 --> 00:13:20.759 that Office for Civil Rights. Actually, that's one of the 265 00:13:20.759 --> 00:13:22.639 officers that they say is going to be hit the hardest. 266 00:13:23.799 --> 00:13:26.120 So the ones that make sure that schools are not 267 00:13:27.639 --> 00:13:33.840 violating kids, the civil rights, protecting against things like anti Semitism, 268 00:13:34.799 --> 00:13:39.320 that office is being thrashed, thrashed. 269 00:13:39.840 --> 00:13:43.639 You're listening to KFI AM six forty on demand. 270 00:13:45.799 --> 00:13:50.240 On demand any time, the iHeartRadio app. Imagine you open 271 00:13:50.279 --> 00:13:51.720 your wallet, it is empty. 272 00:13:51.759 --> 00:13:53.320 You don't get paid un till Friday, but you are 273 00:13:53.399 --> 00:13:55.559 hungry right now, Boy, you really want. 274 00:13:55.399 --> 00:14:01.159 A pizza or a delicious burrito or talk whatever it is. 275 00:14:01.879 --> 00:14:04.000 You just don't have the money, and Lord knows you're 276 00:14:04.000 --> 00:14:06.399 not going to eat whatever that can of mystery food 277 00:14:06.519 --> 00:14:07.840 is in the pantry. 278 00:14:07.919 --> 00:14:09.360 So what do you do? 279 00:14:10.440 --> 00:14:12.960 Well, it's really easy. You take out a loan. 280 00:14:13.000 --> 00:14:16.279 By now pay later service. Klarna is partnering with door 281 00:14:16.360 --> 00:14:20.000 dash to allow you to defer payments for delivery services. 282 00:14:20.240 --> 00:14:22.799 The aim is to give consumers more flexibility when it 283 00:14:22.799 --> 00:14:26.240 comes to their spending power. Finance experts say this could 284 00:14:26.279 --> 00:14:30.159 be bad news for the economy, real bad news. Nation's 285 00:14:30.159 --> 00:14:32.720 Alicia Yeavis has been following the story at Leasta. So 286 00:14:32.840 --> 00:14:35.399 many questions, first, breakdown, how this will work? 287 00:14:35.720 --> 00:14:36.320 Break it down? 288 00:14:36.440 --> 00:14:36.960 Interesting? 289 00:14:37.039 --> 00:14:39.039 And we know that you know a few companies are 290 00:14:39.039 --> 00:14:40.960 doing this. It's coming kind of in the headlines because 291 00:14:41.039 --> 00:14:44.000 Klarna just this week announced that partnership with DoorDash. And 292 00:14:44.080 --> 00:14:46.399 basically what's happening here is listen, if you want to 293 00:14:46.399 --> 00:14:48.240 buy lunch today, and if your bank account's running a 294 00:14:48.240 --> 00:14:50.399 little bit low, you can buy that lunch today on 295 00:14:50.440 --> 00:14:52.759 door dash and then you'll split the payments for that 296 00:14:52.840 --> 00:14:55.039 maybe over the next couple of weeks or months. They 297 00:14:55.039 --> 00:14:59.480 haven't really outlined exactly, you know, the payment arrangement, because I'm. 298 00:14:59.279 --> 00:15:01.759 Going to take out a loan and split my payments 299 00:15:01.840 --> 00:15:06.080 up for a burrito. Well, I'm assuming that most people 300 00:15:06.159 --> 00:15:07.679 using this are not going to be people ordering a 301 00:15:07.759 --> 00:15:09.320 burrito or a sushi. 302 00:15:09.440 --> 00:15:11.799 Role it's probably dinner for the whole family. 303 00:15:12.080 --> 00:15:16.240 Still because it hasn't launched yet. But I look at 304 00:15:16.240 --> 00:15:18.600 another company that's doing this called ZIP. That company you 305 00:15:18.600 --> 00:15:21.080 could actually buy, you know, a big batch of groceries 306 00:15:21.120 --> 00:15:24.000 we call it compra in Spanish, at at costcos or 307 00:15:24.080 --> 00:15:27.559 shopwrite and then make eight payments over eight months for 308 00:15:27.600 --> 00:15:28.759 that batch of groceries. 309 00:15:29.679 --> 00:15:35.399 Eight months to pay for this month's grocery. It's all, well, 310 00:15:35.440 --> 00:15:38.639 I don't see this not ending well at all. 311 00:15:39.440 --> 00:15:41.840 Now, I said, this is interesting because typically with buy 312 00:15:41.879 --> 00:15:44.840 now pay later, it's usually for a one time major 313 00:15:44.879 --> 00:15:47.320 purchase like a furniture set or a computer, and that's 314 00:15:47.360 --> 00:15:51.399 a one time debt accumulation. Food and groceries that's a daily, 315 00:15:51.519 --> 00:15:53.279 sometimes weekly potential accumulation. 316 00:15:53.480 --> 00:15:55.519 So is this going to hurt consumers? 317 00:15:56.039 --> 00:15:58.120 Yes, On one. 318 00:15:57.879 --> 00:16:01.159 Hand, this is better than put you know, your groceries 319 00:16:01.200 --> 00:16:03.639 on your credit card if you can't afford those groceries right. 320 00:16:03.759 --> 00:16:06.320 Because credit cards charge anywhere from like seventeen percent to 321 00:16:06.399 --> 00:16:10.320 upwards a thirty percent interest on these payment services. The 322 00:16:10.320 --> 00:16:12.919 consumer doesn't get hit with any interests, right. The merchant 323 00:16:13.000 --> 00:16:15.320 actually pays a fee for that. As the saying of 324 00:16:15.360 --> 00:16:17.120 business that I love, it's you know, there's no such 325 00:16:17.120 --> 00:16:19.240 thing as a free lunch. Someone's paying for that lunch, 326 00:16:19.240 --> 00:16:21.440 and because they're getting a benefit, the merchant is willing 327 00:16:21.480 --> 00:16:23.879 to pay that. Because on average, people who use buy now, 328 00:16:23.919 --> 00:16:27.480 Pay Later spend thirty to fifty percent more than they 329 00:16:27.519 --> 00:16:29.759 would have if they had that money on hand that 330 00:16:29.919 --> 00:16:33.080 much thirty to thirty to fifty percent more. And those 331 00:16:33.120 --> 00:16:34.960 who wouldn't have been able to make a purse at all, 332 00:16:35.080 --> 00:16:37.480 they're able, you know, to make that purchase now. So 333 00:16:38.159 --> 00:16:39.919 that is concerning when you think that if you don't 334 00:16:39.919 --> 00:16:42.519 have that money on hand, you're spending even more than 335 00:16:42.559 --> 00:16:45.200 you have. Some are calling this predatory lending. We've seen 336 00:16:45.240 --> 00:16:49.440 the CFPV, the Consumer Financial Protection Bureau investigate these companies 337 00:16:49.480 --> 00:16:52.399 in the past, they've warned for more oversight. But under 338 00:16:52.440 --> 00:16:54.480 the current administration under Doge, and we've talked about that 339 00:16:54.559 --> 00:16:57.519 a lot. Yeah, that organization has been gutted. So you're 340 00:16:57.519 --> 00:17:00.960 having this increase in buy now, pay later with less oversight. 341 00:17:01.759 --> 00:17:08.359 Okay, so we all right, So we've got companies that 342 00:17:08.400 --> 00:17:11.799 are saying, yeah, you can borrow to pay for your 343 00:17:11.920 --> 00:17:14.640 kid's dinner. It'll take you just eight months to pay 344 00:17:14.680 --> 00:17:17.079 it off, but don't worry. It's better than using your 345 00:17:17.119 --> 00:17:19.799 credit card. Oh and while you're getting your dinner, don't 346 00:17:19.799 --> 00:17:21.759 you think that you ought to have extra dessert? And 347 00:17:21.839 --> 00:17:24.599 don't you think those kids they want the chicky nuggets, 348 00:17:24.640 --> 00:17:27.200 but they also, you know, they want that extra toy 349 00:17:27.240 --> 00:17:28.960 on the side, and they're gonna want dessert as well. 350 00:17:29.000 --> 00:17:33.079 And so you spend fifty percent more and we don't 351 00:17:33.119 --> 00:17:36.680 have everybody watching this. There's no oversight. We've cut the oversight. 352 00:17:37.359 --> 00:17:42.920 Now who benefits you know who benefits? Door Dash is 353 00:17:43.039 --> 00:17:46.319 benefiting as they normally do. But Clarin is making the money, 354 00:17:46.559 --> 00:17:49.319 which means that you're taking people who don't have money 355 00:17:50.079 --> 00:17:52.000 and you are getting them into a payment plan to 356 00:17:52.119 --> 00:17:55.359 give money that they don't have to somebody else who 357 00:17:55.440 --> 00:17:57.240 has money. 358 00:17:57.279 --> 00:17:58.119 This is the cycle. 359 00:17:58.160 --> 00:18:00.680 This is why she says it's a Some are calling 360 00:18:00.720 --> 00:18:01.680 it predatory lending. 361 00:18:02.680 --> 00:18:05.880 Friends, I'll tell you what this is. It is. 362 00:18:07.799 --> 00:18:14.799 It is a reflection on how bad our education system 363 00:18:15.039 --> 00:18:20.119 instructs young people on money, and as someone who got 364 00:18:20.119 --> 00:18:24.759 into some really bad credit card debt, really bad. In fact, 365 00:18:24.920 --> 00:18:28.440 Ann and I were talking before the show that things 366 00:18:28.480 --> 00:18:29.960 a few years back. I was in a lot of 367 00:18:30.000 --> 00:18:33.759 debt and then I lost my gig and my wife 368 00:18:33.799 --> 00:18:36.480 was making okay money, but things got real tight. We 369 00:18:36.519 --> 00:18:40.960 had two car payments, we had a mortgage payment, and 370 00:18:41.839 --> 00:18:44.920 we had this credit card debt that was mounting, and 371 00:18:45.880 --> 00:18:48.039 so we said forget it. We sold off a bunch 372 00:18:48.039 --> 00:18:51.880 of stuff and we went and lived quite literally in 373 00:18:51.920 --> 00:18:55.319 a van down by the river for two years in 374 00:18:55.480 --> 00:18:58.359 order to pay off all of our debt. 375 00:18:58.359 --> 00:18:58.799 And we did. 376 00:18:59.519 --> 00:19:02.279 We buck down and we paid it off. And it 377 00:19:02.319 --> 00:19:03.880 was a lesson that I never want to have to 378 00:19:03.920 --> 00:19:06.000 repeat again. And if there's anything I can offer you, 379 00:19:06.079 --> 00:19:09.279 it's a warning. Don't put yourself in that position. And 380 00:19:09.319 --> 00:19:12.240 by god, if you are taking out short term loans 381 00:19:13.400 --> 00:19:17.400 effectively lay away on a burrito, you are putting yourself 382 00:19:17.440 --> 00:19:20.759 in a bad spot. And we are so bad in 383 00:19:20.799 --> 00:19:25.039 this country about making decisions, impulse decisions that are going 384 00:19:25.160 --> 00:19:29.200 We're gonna pay for him later, and we always go, well, yeah, 385 00:19:29.240 --> 00:19:29.839 but that's later. 386 00:19:30.640 --> 00:19:32.720 Yeah. But here's what I learned is I got and 387 00:19:32.759 --> 00:19:33.640 I hate man. 388 00:19:33.680 --> 00:19:36.720 I got old, and remember when you got old and 389 00:19:36.759 --> 00:19:42.279 he started realizing that later comes, you know, yeah, answers Yeah, yeah, 390 00:19:42.799 --> 00:19:45.720 because when you're younger, you go, well, later's down the 391 00:19:45.799 --> 00:19:46.920 road and don't have to worry about that. 392 00:19:47.480 --> 00:19:48.480 But here's what you learn. 393 00:19:49.240 --> 00:19:52.680 The longer you're around, you realize later is coming, and 394 00:19:52.720 --> 00:19:54.960 everything I put off until later, I'm gonna have. 395 00:19:54.880 --> 00:19:58.519 To deal with later. And it doesn't get easier when 396 00:19:58.559 --> 00:19:59.240 you put it off. 397 00:19:59.599 --> 00:20:04.960 So just figure out a way to not borrow money 398 00:20:05.279 --> 00:20:06.319 for takeout food. 399 00:20:07.920 --> 00:20:12.920 I mean I eat at home. Quit eating out, buy groceries. 400 00:20:13.359 --> 00:20:15.359 Do that? Do that? 401 00:20:15.720 --> 00:20:21.039