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Speaker 1: Do you want to be an Americanadio Scott's longshoe back

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Speaker 1: on seven hundred WLW fun fat. Here's a fun fact

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Speaker 1: to start your busy day. The amount of money that

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Speaker 1: we spend on healthcare in the United States has tripled

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Speaker 1: since two thousand, So in less than a quarter century,

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Speaker 1: less than twenty five years, the amount of money we

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Speaker 1: spend on healthcare has tripled. So one point four trillion

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Speaker 1: to five trillion, pretty close to triple, right. More than

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Speaker 1: third of Ohio and struggled play her medical bills last month.

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Speaker 1: The city of Cincinnati, and this is kind of like

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Speaker 1: a side eye to Aftab who's running for mayor. So yeah,

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Speaker 1: that's probably why. But gave a million and a half

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Speaker 1: to nonprofit that buys medical debt from hospitals. That wiped

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Speaker 1: out some two hundred and twenty million dollars in debt

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Speaker 1: for about twelve thousand Cincinnati. So next up, though, state wide,

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Speaker 1: is Ohio's Medical Debt Fairness Act. What is that? Well,

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Speaker 1: Ohio Representative Michelle Grimm out of Toledo, out of the

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Speaker 1: Glass cities here, she has a sponsor of House Bill

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Speaker 1: two fifty seven. Michelle, how are you?

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Speaker 2: I'm great? How are you, Scott.

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Speaker 1: I'm doing fine. All is well in the Glass City,

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Speaker 1: I presume, yeah, all as well?

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Speaker 3: All right?

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Speaker 1: I had I think Gary Jeff Walker, one of our

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Speaker 1: guys at work here, was driving through Toledo, was thinking

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Speaker 1: to me, said I stopped and had a Pacos honky dog.

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Speaker 1: And let me tell you something, if you're passing through

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Speaker 1: child to stop at Tony Paco's and get some chili,

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Speaker 1: get a honky dog. Much different than Cincinnati style, but pleasing.

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Speaker 1: None the loss. All right, So medical debt has I

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Speaker 1: think it's still the leading source and has been for

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Speaker 1: a while, leading source on paid bills and credit reports

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Speaker 1: for a long time now in medical debt's like sixty

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Speaker 1: percent of consumer debt on credit reports, which is incredible.

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Speaker 1: So that those that's the rail that we're facing here.

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Speaker 1: So what does House Bill two fifty seven do? What's

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Speaker 1: your proposal to do?

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Speaker 4: Sure?

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Speaker 5: So, how still two fifty seven would do three key things.

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Speaker 5: It would prohibit hospitals debt collectors from reporting on credit reports,

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Speaker 5: It would ban wage gurnishment, and it would tap interest

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Speaker 5: of medical debt ode to three percent because right now

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Speaker 5: we have a statutory eight percent interest, So that would

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Speaker 5: cap that at three percent.

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Speaker 1: Okay, so let's start with a three percent medical to

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Speaker 1: The interest that you would pay right now on any

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Speaker 1: medical bill is certainly higher than three percent, and that

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Speaker 1: keeps up with inflation presumably tied to maybe tied to

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Speaker 1: inflation here, but typically how much of that debt? Are

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Speaker 1: we talking about? How much should people just pay an

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Speaker 1: interest on the medical debt now?

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Speaker 5: So I you know, I think that's hard to gauge,

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Speaker 5: but I would say that the average person has about

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Speaker 5: the average person who has medical debt has about twelve

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Speaker 5: hundred dollars and while we don't report under five hundred

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Speaker 5: dollars and credit reports right now, that's taking away about

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Speaker 5: the majority of people who have medical.

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Speaker 2: Debt and.

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Speaker 5: Not giving them a chance to repair their credit or

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Speaker 5: purchase a home or even get a job, because credit

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Speaker 5: reports are they continder people getting a job or getting

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Speaker 5: an apartment or getting a mortgage. So so that that

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Speaker 5: leaves a lot of people out well.

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Speaker 1: Getting getting getting insurance for that metal like car insurance

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Speaker 1: for example. Everybody pulls your credit.

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Speaker 5: Report now, yeah, for sure, And so our bill would

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Speaker 5: prohibit any type of credit reporting and medical.

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Speaker 1: Debt all right, So on that one of the one

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Speaker 1: of the complaints you hear from the debt collection industry,

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Speaker 1: which I can't imagine a lot of people signing with

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Speaker 1: the debt collection industry, but it says, hey, listen, you're

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Speaker 1: essentially encouraging people to be dead beats. Basically, what they're

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Speaker 1: saying is that if you take a conscious consequence away

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Speaker 1: from people for non payment, that's going to lead the

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Speaker 1: higher healthcare costs for everyone because people look at it going, well,

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Speaker 1: I don't have to pay if the government's going to

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Speaker 1: and you know, there's a moral hazard there to and

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Speaker 1: that's that's the problem with universal healthcare is you know,

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Speaker 1: well people just simply go to the emergency. If I

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Speaker 1: don't have to pay for it, I'll overuse it. That's

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Speaker 1: a theory.

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Speaker 5: So you would still have to pay your bills, of course,

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Speaker 5: because it would just not be on your credit report.

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Speaker 5: But I would also argue that there's been studies that

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Speaker 5: said medical debt is a poor indicator of paying other

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Speaker 5: types of credit. So if you had credit cards, or

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Speaker 5: paying your mortgage, or paying your light bill, your electric bill,

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Speaker 5: but if you have medical debt, that's a poor indicator

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Speaker 5: whether you're going to pay other debts back and people,

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Speaker 5: do you want to pay off their medical bills? Medical

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Speaker 5: bills can be medical debt can be embarrassing, but it's

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Speaker 5: not their fault. It's really a fault of a broken system.

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Speaker 5: It's not a debt of luxury. It is a debt

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Speaker 5: of necessity. So that's what I would argu you back,

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Speaker 5: is that people people do want to pay their bills back,

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Speaker 5: and putting these predatory practices in place hinders a lot

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Speaker 5: of people from doing that.

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Speaker 1: In that regard, Michelle Grim, is there a means test

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Speaker 1: or income requirement? I mean, you know, it sounds all

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Speaker 1: long good that people do want to pay their debts off,

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Speaker 1: generally speaking, But how do we separate people who generally

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Speaker 1: can't afford to pay versus those who simply say I'm

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Speaker 1: not going to pay or choose not to pay.

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Speaker 5: So I think that there when you look at the studies,

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Speaker 5: it's a lot of people who cannot afford to pay,

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Speaker 5: a lot of people do want to pay their bills,

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Speaker 5: but they simply can't afford it. They're they're choosing between

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Speaker 5: putting food on the table, or paying their their electric bill,

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Speaker 5: or paying their mortgage, or paying their medical debt off.

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Speaker 5: So it's it is a lot of people who don't

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Speaker 5: have any savings or anything like that.

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Speaker 2: A lot of people.

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Speaker 5: Don't have a thousand dollars for urgency, and that's why

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Speaker 5: we're putting people in a bind with medical debt. But

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Speaker 5: we want to help people with House boold to fifty seven.

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Speaker 1: Yeah, this is Michelle Grimm. She's out of Toledo House

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Speaker 1: Bill two fifty seven. She's go sponsoring this one to

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Speaker 1: help people with medical debt because one in three Ohio

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Speaker 1: WANs carries some sort of medical debts and number one

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Speaker 1: cause of bankrow. I think we're the top two costs

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Speaker 1: of bankruptcy in the United States, but one drives the other.

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Speaker 1: Job lessess so would be number one, and health insurance

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Speaker 1: bankruptcy is another one. And I think those two go

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Speaker 1: hand in hand because for a lot of people, their

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Speaker 1: jobs and healthcare are tied together, which is part of

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Speaker 1: the problem. This would limit medical interest to what you say,

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Speaker 1: three percent a year. You can't guard someone's wages for

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Speaker 1: medical debt collection, and hospitals and providers can't report medical

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Speaker 1: debt to credit agencies right now, and I think in

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Speaker 1: the last few years were reformed it used to be.

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Speaker 1: I believe Michelle unpaid medical bills were kicked over to

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Speaker 1: credit reporting agencies after like sixty or one hundred and

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Speaker 1: twenty days, and now it's a full year.

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Speaker 3: Correct, correct?

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Speaker 1: Yeah, So, I mean even the credit industry has said, hey,

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Speaker 1: you know, we've got to we've got to we've got

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Speaker 1: to ease back a little bit here, man, after a

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Speaker 1: full year. Now does that mean that people aren't making

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Speaker 1: any payments whatsoever? If you pay a little bit of money,

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Speaker 1: does that keep you from being reported to credit agencies?

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Speaker 1: How does that work? Or is that what this what

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Speaker 1: two fifty seven seeks to do.

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Speaker 5: So I think it depends. I think typically I think

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Speaker 5: if you're making payments that it would not be reported.

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Speaker 5: But I think in some instances you will see reports that,

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Speaker 5: like people are making payments or maybe they fell behind,

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Speaker 5: so and you know what I was talking about before,

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Speaker 5: they maybe sell behind one or two months and then

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Speaker 5: it gets reported on the credit report. So you know,

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Speaker 5: the system isn't really fair for consumers, and we want

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Speaker 5: to make it a little fair for people to get ahead,

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Speaker 5: for people to have a fighting chance. So you know,

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Speaker 5: I think that a lot of the arguments against this

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Speaker 5: too is we around wage garnishments. I do want your

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Speaker 5: listeners to look up this article from Signal, Ohio about

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Speaker 5: a rural hospital of Logan County who has who has

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Speaker 5: sued twenty seven hundred patients in the last two years. Yeah,

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Speaker 5: and a lot of their a lot of the judgments

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Speaker 5: in court were wage garnishments. So people are paying up

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Speaker 5: to twenty five percent of their They're getting up to

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Speaker 5: twenty five percent of their checks garnished their payroll checks,

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Speaker 5: plus they're paying that eight percent interest.

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Speaker 6: So that's that's pretty cool.

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Speaker 1: I think most people listening. Wow, Okay, I'm not quite sure.

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Speaker 1: I want to stay down out medical bills. At the

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Speaker 1: same time, like, how am I supposed to live if

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Speaker 1: i'm That's almost like child support? Right In child support,

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Speaker 1: you had a conscious should have a child, and you

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Speaker 1: provide for your child. That's a different matter than Hey,

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Speaker 1: I just got sick, and maybe I got sick because

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Speaker 1: it's something at work or I fail or something along

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Speaker 1: the way. It happens all of us at some point

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Speaker 1: or another. And now that we're taking a quarter of

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Speaker 1: your wages, that seems confiscate. How can you live on

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Speaker 1: the other seventy five percent?

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Speaker 5: And I go back to what you just said. So

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Speaker 5: we're not again, we're not suggesting that the state is

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Speaker 5: paying medical bills. We're just saying we're going to have

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Speaker 5: these parameters of credit reports, wage garnership, and interest rate.

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Speaker 5: So I just wanted to kind of.

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Speaker 1: Yeah, that's fair.

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Speaker 3: I was.

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Speaker 1: I was referring more to what we did in Cincinnati

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Speaker 1: not long ago, and council approved a million and a

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Speaker 1: half to a nonprofit that collected money and wiped out

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Speaker 1: about two hundred and twenty million debt for twelve thousand

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Speaker 1: Cincinnatians and just buying the debt from the credit companies.

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Speaker 5: So I actually did that in Toledo about it'll be

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Speaker 5: three years ago. So Toledo kind of led the way

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Speaker 5: for cities with the first one, and so we actually

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Speaker 5: eliminated debt for about one hundred and twelve thousand people

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Speaker 5: around the region, including forty three thousand Lucas County residents.

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Speaker 5: And that not profit is undue medical debt. They do

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Speaker 5: great work, so and they negotiate directly with the hospitals.

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Speaker 1: So yeah, i'd contemplate that one because this is outside

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Speaker 1: of your scope as a state lawmaker, Michelle Grimm. But

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Speaker 1: the beef I have, like, for example, the government shutdown

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Speaker 1: over Obamacare and the ACA. You know, we're fighting O

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Speaker 1: our subsidies. The problem it's not not healthcare. We're so

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Speaker 1: we're taking money from a group of taxpayers and transferring

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Speaker 1: it to another money of pad taxpayers without addressing the

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Speaker 1: problem in Congress for a long time. And we would

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Speaker 1: need all this stuff if we would just reform healthcare

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Speaker 1: properly instead of having Democrats and Republicans fight each other

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Speaker 1: and into this insane stuff. I mean Obamacare, it makes

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Speaker 1: it doesn't make it affordable. Uh, it's extremely expensive. Is

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Speaker 1: the problem is a misnomer. You're just here, you're subsidizing

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Speaker 1: something that's extremely expensed. Let let's figure out why we're

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Speaker 1: paying you know, three times more than than most double

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Speaker 1: what most countries are for less health care. It doesn't

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Speaker 1: make any sense.

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Speaker 5: Yeah, yeah, no, I would absolutely agree with that, and

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Speaker 5: I would I would say that a lot of people

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Speaker 5: in the healthcare space looking at the core problem, which

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Speaker 5: is our work at healthcare system which it would absolutely

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Speaker 5: agree with that. And so I know we're here not

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Speaker 5: to talk about ADO, but what what what they're able

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Speaker 5: to do is they're able to purchase that pennies on

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Speaker 5: the dollar from hospital systems or second second the secondary market.

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Speaker 5: But you know, people do uh people have you know,

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Speaker 5: I've gotten I've gotten a lot of emails and a

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Speaker 5: lot of calls saying like I got a letter from

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Speaker 5: New Medical Debt, Thank you very much. It really did

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Speaker 5: help a lot of people. But yes, you are correct,

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Speaker 5: and does not solve the broken healthcare system, right, and

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Speaker 5: you know that's what you know, that's what we need

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Speaker 5: to keep working on. And so bills like House Bill

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Speaker 5: to fifty seven, they make the rules a little bit fairer,

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Speaker 5: but we still have a lot.

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Speaker 7: Of work to do.

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Speaker 1: Yeah, you mentioned Logan County, Small and Logan Counties right

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Speaker 1: now are listing areas in the I think are around

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Speaker 1: the where the Armstrong space you know, Wapa Canata up

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Speaker 1: that way. Yeah, yeah, about an hour an hour and

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Speaker 1: a half hour forty minutes from us here in Cincinnati,

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Speaker 1: So Logan County pastor and if you're going up north

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Speaker 1: to Toledo, for example, so in that county you said

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Speaker 1: that you know, they're garnishing people's wages and like, and

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Speaker 1: I kind of get that in a sense is I

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Speaker 1: don't know if they're being confiscatory and it's you know,

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Speaker 1: the evil capitalists twirling his mustache in the corner lighting

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Speaker 1: a cigar with one thousand dollars bills. But in some sense,

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Speaker 1: hospitals and especially rural hospitals are under struggles right now.

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Speaker 1: We're having a number of them closed a realt of

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Speaker 1: the healthcare system which is not going to serve anyone

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Speaker 1: in those areas. How do you ensure they still get

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Speaker 1: fair payment while protecting the patients from excessive debt collection practices.

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Speaker 5: So I think it's going to hurt our rule hospitals

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Speaker 5: in the long run. Is the cuts to Medicaid and

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Speaker 5: Medicare and also the increased costs because the ACA SUN

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Speaker 5: subsidies may go away. So that's going to be really

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Speaker 5: where they're going to hit get hit the hardest. It's

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Speaker 5: not gonna be because they can't put it on our

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Speaker 5: current report or they can't garnish wages. A lot of

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Speaker 5: hospitals actually don't garnish wages or sue their patients. This

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Speaker 5: is actually a pretty aggressive practice with this one hospital

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Speaker 5: because actually a lot of hospitals.

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Speaker 1: Don't do that.

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Speaker 5: They you know, tend to try to work with the

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Speaker 5: patient or they or they send it to debt collection,

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Speaker 5: but not every but not every hospital does that. Couples

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Speaker 5: of hospitals in the area in the state have said

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Speaker 5: that this doesn't this build has those two fifty seven

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Speaker 5: doesn't really affect us. It doesn't affect our operations.

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Speaker 2: So but.

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Speaker 5: So Yeah, that's what I would say.

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Speaker 1: Is that maybe it's just but maybe more like the

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Speaker 1: rural I mean, because you look at rural areas that

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Speaker 1: are losing population and they've got one hospital or clinic

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Speaker 1: and now you've got fewer people in there. So I

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Speaker 1: get the model. Whereas in Cincinnati and Dayton, Toledo, in

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Speaker 1: bigger cities, you can absorb those costs, but better you

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Speaker 1: have more people to draw.

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Speaker 5: Yeah, but again I think that what's coming down the

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Speaker 5: pipeline here is our cuts to Medicaid and our cuts

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Speaker 5: to Medicare and the AC subsidies going away. It's really

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Speaker 5: going to for our rural hospital systems, not prohibiting putting

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Speaker 5: medical debta credible.

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Speaker 1: It's a hospital two fifty seven, and medical debt is

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Speaker 1: a crisis in America, has been for a long time.

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Speaker 1: Makes it about sixty percent of our consumer debt. This

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Speaker 1: would limit the interest on that to three percent a

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Speaker 1: hear capit of three percent interest, Ban wage garnishment for

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Speaker 1: medical debt collections, and stop hospitals and providers and debt

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Speaker 1: collectors from reporting that debt to credit agencies provided you're

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Speaker 1: paying something. I mean, isn't it safe to say? In

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Speaker 1: the end, most hospitals, hey, listen, I owe all this money,

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Speaker 1: and here's what I make. We've got to work on

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Speaker 1: a payment plan, whether it's you know, twenty bucks a

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Speaker 1: month or something like that, which you'll never touch it,

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Speaker 1: but at least I'm giving you something. Does that satisfy

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Speaker 1: most hospitals if put the effort.

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Speaker 5: In So, you know, I think I can't speak for

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Speaker 5: the hospital systems, but certainly a lot of the hospital

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Speaker 5: systems to work out payment plans. They also offer charity

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Speaker 5: care options. People can ask for charity care options, and

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Speaker 5: I would really encourage folks to do that. Just kind

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Speaker 5: of look at all of your options. So if you

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Speaker 5: do have medical debt or bills you can't pay questions.

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Speaker 5: So this is kind of my call to action for everybody.

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Speaker 5: Ask questions. Ask you know, hey, why was I charged this?

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Speaker 5: Or can I set up a paynut plan? Or hey,

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Speaker 5: I can't afford this right now. So I would say

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Speaker 5: keep you know, negotiate with the hospital or the deck

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Speaker 5: collection agency and just make sure that you're uh negotiating

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Speaker 5: that way because you you do have negotiating power and

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Speaker 5: you can work on uh making sure that you you

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Speaker 5: do you do keep up with your bills and you

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Speaker 5: don't fall behind and it does go on your credit

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Speaker 5: report until you know, until just stack so so so yeah,

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Speaker 5: I would say, like, you know, just work, you know, talk,

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Speaker 5: talk to the hospitals, look at your medical bills, ask questions,

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Speaker 5: and you know, the hospitals should be happy to work

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Speaker 5: with you.

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Speaker 1: Right, uh, Michelle, that you have by apersionans sport for

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Speaker 1: those are bipartisionation.

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Speaker 2: Yes, yeah, absolutely.

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Speaker 5: It touches every So my my joint sponsor is Representative

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Speaker 5: Jeane Schmidt. So uh I you know, it touches everybody's district,

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Speaker 5: everybody's district. Yeah, so you know, it's not just rural

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Speaker 5: districts or urban districts or suburban districts. Is everybody's district

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Speaker 5: and everybody everybody knows someone who has had medical debt

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Speaker 5: or has medical debt currently. And you know, again, we

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Speaker 5: want to make sure that the playing field is a

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Speaker 5: little fair for people, and we want to make sure

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Speaker 5: people get ahead and not keep them down. And I

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Speaker 5: think the House will two fifty seven.

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Speaker 4: Uh.

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Speaker 5: While it doesn't fix everything, it makes us a little

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Speaker 5: bit closer to uh, a fair system.

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Speaker 1: Yeah, it makes sense. Jeene Schmid in the sixty second district,

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Speaker 1: so you know, fairly rural area is there to Claremont County,

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Speaker 1: so it has urban and rural support. And and it's bipartisan,

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Speaker 1: which I like a lot. And it also helps people

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Speaker 1: and it doesn't seem to unfairly incentivize someone not to

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Speaker 1: pay their bills, which which I like. She is Michelle

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Speaker 1: Grimm Democratic, Toledo House Bill fifty spence two fifty seven,

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Speaker 1: along with Genie Schmidt here in Claremont County and I

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Speaker 1: wish all the best. Thanks again for coming on the show.

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Speaker 6: Thank you, Scott be Well.

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Speaker 1: Yeah, we can talk more about this too. And I

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Speaker 1: know there's people that just dig their heels and go,

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Speaker 1: oh my god, how it's more welfare for Yeah. The

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Speaker 1: problem is this, you know, we have now double we

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Speaker 1: spend a triple rather the amount of money we spend

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Speaker 1: on healthcare. From two thousand to today, the number has tripled.

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Speaker 1: And you know when you have sixty percent of consumer

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Speaker 1: debt on credit reports, it is because of medical issues,

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Speaker 1: medical bills that people can't pay, and a declining number

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Speaker 1: of businesses are offering health insurance. That is a catastrophe.

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Speaker 1: Maybe you're feeling that yourself and your family, your thoughts

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Speaker 1: five one, three, seven, four, nine, seven thousand eight, Order

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Speaker 1: the Big One talk Back iHeartRadio app. We will get

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Speaker 1: your calls in and got more just ahead here on

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Speaker 1: the Scott's Loan Show right after the news on seven

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Speaker 1: hundred W. It's a Scott's Loan Show on seven hundred WLW.

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Speaker 1: Lots going on this morning. We'll get into the shooting

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Speaker 1: downtown in just a second. We're kind of wrapping up

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Speaker 1: previous topic here. Just minutes ago, Michelle Grimm, Democrat out Toledo,

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Speaker 1: a bipartisan effort, she along with Genie Schmidt of Claremont County,

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Speaker 1: introducing House Bill two fifty seven to give her a

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Speaker 1: lief to people who suffer from medical debt. And I

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Speaker 1: think for too long in this country we have an

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Speaker 1: argument like somehow for somebody gets debt really from that,

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Speaker 1: it's somehow it's unfair to transfernal wealth. Somebody's got to

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Speaker 1: pay for it. It's on the taxpayers. But let's face it,

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Speaker 1: because of the system that we have, we pay way

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Speaker 1: more than we should, like double most developed countries for

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Speaker 1: a lesser healthcare. Let's favor it. Our healthcare sucks and

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Speaker 1: we pay more than anybody else. What's wrong with this picture?

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Speaker 1: To the point where the amount we spend over the

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Speaker 1: last twenty five years has tripled, not doubled, tripled. Just

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Speaker 1: let that sink in for a second. And for sixty

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Speaker 1: percent of people who have consumer debt, you'll get credit.

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Speaker 1: Pull a credit report. Six out of ten people the

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Speaker 1: number one source of debt for them is medical debt.

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Speaker 1: So that means if you're servicing debt on something like healthcare,

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Speaker 1: which we all need at some point or another, unless

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Speaker 1: you're extremely lucky or you die young, you need health care.

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Speaker 1: And so the end result then is that we pay

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Speaker 1: a lot for something that is definitely necessary, and now

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Speaker 1: it prevents you from spending money. Let's say you own

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Speaker 1: a small business of food truck, whatever it is, and

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Speaker 1: now someone instead of maybe using that money to go

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Speaker 1: and buy products or services from your company or the

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Speaker 1: company you work for, the end result is it has

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Speaker 1: to go into servicing debt and interest in all that

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Speaker 1: other stuff because it's debt, and then that person is

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Speaker 1: going to be hard from them to buy a house

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Speaker 1: by a car, get a loan, and you see the

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Speaker 1: effects of this. Something has to be done about it.

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Speaker 1: And this has all been a band aid approach so far.

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Speaker 1: Certainly with what Congress is doing right now relative to healthcare,

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Speaker 1: it's just band aid stuff. The real core of the

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Speaker 1: issue is how do we fix healthcare so it's not

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Speaker 1: so damn expensive. One side wants a lot of subsidy.

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Speaker 1: The other one doesn't have an answer really other than

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Speaker 1: we don't like subsidy and socialism. But okay, that's fine,

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Speaker 1: So what does that look like? And yet they won't

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Speaker 1: address that core issue on that topic real quick. As

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Speaker 1: carlon Mainville on seven hundred wwty, thanks for checking out, Carl,

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Speaker 1: what's up?

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Speaker 3: Yeah?

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Speaker 8: I just wanted to share an experience that my daughter had.

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Speaker 8: She has three kids and they're married, and she was

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Speaker 8: diagnosed with cancer and they had all these scans and

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Speaker 8: they had to go through and remove their limp notes

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Speaker 8: and it was pretty intensive surgery, and her insurance coming

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Speaker 8: I think over that period of time spent pretty close

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Speaker 8: to over around three quarters a million dollars covering some

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Speaker 8: of her care. But then she was left with a balance,

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Speaker 8: and she tried to work with uc on trying to

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Speaker 8: cover some of that balance, and they could never come

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Speaker 8: up with than a payment she's They just kept telling her, well,

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Speaker 8: your payment's too low. That's no good, that's no good,

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Speaker 8: and boom, they turned her over to a collection agency,

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Speaker 8: put a lien on her house, try to guarantee your wages.

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Speaker 8: And here she's going through cancer, but she's supposed to

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Speaker 8: be calm and wrestful and all this stress that they

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Speaker 8: put on her with their three little kids, right, was

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Speaker 8: just unbelievable and ruthless.

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Speaker 1: Yeah, and I get I get the fact that the

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Speaker 1: hospitals and the providers need to be made whole because

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Speaker 1: somebody has to pay for it, right, And I get that,

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Speaker 1: and it seems cruel at the time, because you know,

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Speaker 1: I mean, do you really need to deal with bills

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Speaker 1: and worry about that when you're fighting for your life

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Speaker 1: so you for your children and your babies because you

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Speaker 1: have cancer. No, no one wants to go through that.

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Speaker 1: And and the problem can be fixed, I think, but

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Speaker 1: it's going to take an effort better than we're getting

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Speaker 1: from our elected officials right now. If this issue touches

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Speaker 1: all lives, young, old, left and right, black and white, male, female,

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Speaker 1: then then damn it, there's got to be some sort

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Speaker 1: of Uh, there's got to be some resolve on the

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Speaker 1: part of our lawmakers to do something other than just

437
00:23:02,760 --> 00:23:05,040
Speaker 1: you know, continue to band aid relief like this is,

438
00:23:05,320 --> 00:23:07,720
Speaker 1: this will help this bill. But the core issue is

439
00:23:07,720 --> 00:23:09,439
Speaker 1: the fact is healthcare is out of control. When it

440
00:23:09,440 --> 00:23:11,200
Speaker 1: comes to expenses, it's got to be blown up.

441
00:23:12,160 --> 00:23:14,479
Speaker 8: It's it's out of control. And I think you do

442
00:23:14,560 --> 00:23:18,880
Speaker 8: need to look at individual cases. But for the lack

443
00:23:18,960 --> 00:23:22,600
Speaker 8: of compassion and for the millions and millions of dollars

444
00:23:23,080 --> 00:23:27,879
Speaker 8: that you see gets in just grants and donors and

445
00:23:27,920 --> 00:23:34,800
Speaker 8: everything else, it was just unbelievable, how cruel and uh,

446
00:23:35,840 --> 00:23:38,240
Speaker 8: this whole process where they end up having to sell.

447
00:23:38,080 --> 00:23:38,680
Speaker 3: Their own.

448
00:23:40,320 --> 00:23:44,120
Speaker 1: Can you imagine? I mean, well, I apray she's better

449
00:23:44,200 --> 00:23:45,920
Speaker 1: than things that have since gotten.

450
00:23:45,600 --> 00:23:49,400
Speaker 8: Better for yes, and I mean it had, like I said,

451
00:23:49,400 --> 00:23:51,800
Speaker 8: they had to tell so many people.

452
00:23:51,880 --> 00:23:53,760
Speaker 1: Yeah, I appreciate it. Thanks, I'm glad that things are

453
00:23:53,800 --> 00:23:55,760
Speaker 1: going better. But this is just a horror stories. What

454
00:23:55,800 --> 00:23:58,200
Speaker 1: that is, Uh, does that really should that be happening

455
00:23:58,240 --> 00:24:01,040
Speaker 1: in our America right now? I mean happening, but should it?

456
00:24:02,119 --> 00:24:04,120
Speaker 1: And we can do better? But it starts with those

457
00:24:04,160 --> 00:24:07,600
Speaker 1: we send to do our bidding to Washington, and uh,

458
00:24:08,000 --> 00:24:09,399
Speaker 1: I don't know. I think maybe in the future, and

459
00:24:09,400 --> 00:24:11,520
Speaker 1: we'll get more of this later on during the course

460
00:24:11,520 --> 00:24:13,879
Speaker 1: of the show. But I think in the future you

461
00:24:13,960 --> 00:24:15,960
Speaker 1: can almost sense and you know, I know that what

462
00:24:16,000 --> 00:24:18,320
Speaker 1: the Russians talking about, there's gonna be a civil war,

463
00:24:18,359 --> 00:24:19,600
Speaker 1: and I know there could be a civil war, but

464
00:24:19,600 --> 00:24:21,720
Speaker 1: there's gonna be a great a great change I think

465
00:24:21,840 --> 00:24:23,520
Speaker 1: is coming. And we thought we might get that someone

466
00:24:23,560 --> 00:24:27,080
Speaker 1: with Trump, but in this aspect, it hasn't been touched yet. Anyway,

467
00:24:27,200 --> 00:24:29,320
Speaker 1: It's five one, three, seven, four nine seven Thousan the

468
00:24:29,320 --> 00:24:32,280
Speaker 1: Big One talk back iHeartRadio app Also, I will point

469
00:24:32,320 --> 00:24:35,360
Speaker 1: this out. Last night and an issue close to home,

470
00:24:35,400 --> 00:24:38,520
Speaker 1: of course, we had another shooting at Fountain Square. So

471
00:24:38,960 --> 00:24:41,840
Speaker 1: you know what is that if you're doing if you're

472
00:24:41,840 --> 00:24:44,520
Speaker 1: doing the math on this. By the way, last week,

473
00:24:44,600 --> 00:24:47,560
Speaker 1: two guys fired handguns across the road in rush hour traffic.

474
00:24:48,440 --> 00:24:50,199
Speaker 1: One guy was shot, his car was shot up to

475
00:24:50,240 --> 00:24:53,320
Speaker 1: but rush hour traffic, two clowns pull up guns because

476
00:24:53,320 --> 00:24:55,800
Speaker 1: they had some stupid beef over some petty crap and

477
00:24:55,840 --> 00:24:59,919
Speaker 1: decided to shoot each other. Luckily, no one passerby was injured.

478
00:25:00,960 --> 00:25:03,400
Speaker 1: Last night, it happened again at Fountain Square in front

479
00:25:03,400 --> 00:25:07,240
Speaker 1: of City Bird. Two people in custody, one ran off,

480
00:25:07,119 --> 00:25:10,800
Speaker 1: that person was taken down by a CPD officer who

481
00:25:10,880 --> 00:25:14,560
Speaker 1: is working to detail at the square. Another person who

482
00:25:14,640 --> 00:25:16,919
Speaker 1: was the subject of the gunfire was shot. So they

483
00:25:16,920 --> 00:25:19,720
Speaker 1: were injured. And so you got a person suspected of

484
00:25:19,760 --> 00:25:22,000
Speaker 1: firing that weapon that was flood the scene was apprehended,

485
00:25:22,080 --> 00:25:25,160
Speaker 1: thank god. The other person who's shot has been as well.

486
00:25:25,200 --> 00:25:26,880
Speaker 1: So you had a couple of people's shot last night.

487
00:25:26,920 --> 00:25:28,879
Speaker 1: Fortunately no one at Citybird, no one on the square

488
00:25:29,440 --> 00:25:33,040
Speaker 1: was shot. As all of this, we've had eighteen shootings

489
00:25:33,040 --> 00:25:35,640
Speaker 1: to date in that area in particular, and I thought

490
00:25:35,640 --> 00:25:37,080
Speaker 1: this was supposed to be We're going to get tough

491
00:25:37,119 --> 00:25:39,560
Speaker 1: on crime. We've got curfews who've got everything else, and

492
00:25:39,600 --> 00:25:41,520
Speaker 1: it just it does not seem to be working at all.

493
00:25:41,600 --> 00:25:43,840
Speaker 1: It doesn't seem to be working. And what is a solution.

494
00:25:44,200 --> 00:25:46,640
Speaker 1: I think that's a good question. Liz Keating. Of course,

495
00:25:46,680 --> 00:25:49,280
Speaker 1: former council person's also running and she's checking in the

496
00:25:49,280 --> 00:25:51,320
Speaker 1: show this morning. Hey Liz, thanks for coning. How are you.

497
00:25:53,160 --> 00:25:55,680
Speaker 2: I'm good, but I'm set up. I am absolutely set

498
00:25:55,760 --> 00:25:57,000
Speaker 2: up with all of this going on.

499
00:25:57,200 --> 00:25:59,119
Speaker 1: Is that why you're running again? Because you know, you

500
00:25:59,640 --> 00:26:02,080
Speaker 1: were uncil person and then other people said, now we

501
00:26:02,119 --> 00:26:04,280
Speaker 1: need more touchy feely folks. We've got to you know,

502
00:26:04,280 --> 00:26:05,760
Speaker 1: we got to care about the environ We got to

503
00:26:05,760 --> 00:26:07,800
Speaker 1: worry about all this other stuff, and you know, took

504
00:26:07,840 --> 00:26:09,640
Speaker 1: our eye off the prize, which is you know, number

505
00:26:09,680 --> 00:26:12,359
Speaker 1: one is public safety. We've taken our eyes off the prize.

506
00:26:12,920 --> 00:26:14,880
Speaker 1: Is this and I told you so kind of phone call.

507
00:26:17,040 --> 00:26:18,560
Speaker 2: It's a bit of an I told you so, and

508
00:26:18,600 --> 00:26:21,280
Speaker 2: it's a bit of everyone is fed up and we

509
00:26:21,320 --> 00:26:24,840
Speaker 2: need leaders down there that actually care about keeping people safe.

510
00:26:24,880 --> 00:26:27,439
Speaker 2: That is the number one job of local government is

511
00:26:27,480 --> 00:26:30,200
Speaker 2: to keep people safe and be able to respond in emergencies.

512
00:26:30,240 --> 00:26:33,400
Speaker 2: And council is sailing at that number one job right now.

513
00:26:33,480 --> 00:26:35,840
Speaker 1: I can tell there's an election because right after the

514
00:26:35,880 --> 00:26:37,800
Speaker 1: shooting there was a statement by the mayor, a f

515
00:26:37,840 --> 00:26:40,760
Speaker 1: ted Puirval who said the violence is beyond the pale

516
00:26:40,800 --> 00:26:43,400
Speaker 1: and intolerable. Normally would take weeks for him to respond

517
00:26:43,960 --> 00:26:46,040
Speaker 1: apparently there's an election coming up, and now it's taking

518
00:26:46,080 --> 00:26:48,160
Speaker 1: minutes for him to respond. Isn't that progress?

519
00:26:49,880 --> 00:26:52,240
Speaker 2: I mean, let's look at council for a second. I

520
00:26:52,280 --> 00:26:56,240
Speaker 2: mean they have long public Safety committee meeting this morning.

521
00:26:56,640 --> 00:27:00,959
Speaker 2: We've consistently heard that council has priority as public safety.

522
00:27:01,000 --> 00:27:03,720
Speaker 2: Yet only four of nine council members serve on the

523
00:27:03,720 --> 00:27:07,640
Speaker 2: Public Safety Committee, only four. They only have two items

524
00:27:07,680 --> 00:27:08,440
Speaker 2: on their agenda.

525
00:27:08,480 --> 00:27:10,359
Speaker 6: They have not met in two weeks.

526
00:27:10,600 --> 00:27:13,560
Speaker 2: So We've had two shootings on Suntain Square and they

527
00:27:13,600 --> 00:27:15,960
Speaker 2: only have two items on the agenda, neither of which

528
00:27:16,000 --> 00:27:18,359
Speaker 2: are talking about shootings that are going on in the

529
00:27:18,359 --> 00:27:21,440
Speaker 2: heart of downtown. They've only had five items on their

530
00:27:21,440 --> 00:27:25,040
Speaker 2: agenda over the last six weeks on public safety. Where

531
00:27:25,160 --> 00:27:28,040
Speaker 2: is council when this death matters like we have had

532
00:27:28,080 --> 00:27:32,000
Speaker 2: shootings and particularly kids being shot and killed the entire summer,

533
00:27:32,359 --> 00:27:35,480
Speaker 2: and we are still yet to see actual activity coming

534
00:27:35,480 --> 00:27:38,560
Speaker 2: from council, who, by the way, they appropriate the funds,

535
00:27:38,640 --> 00:27:42,680
Speaker 2: they make, the legislation and the policies that can fight this,

536
00:27:42,920 --> 00:27:45,840
Speaker 2: and they are nowhere. All we're hearing from council is

537
00:27:45,880 --> 00:27:49,119
Speaker 2: the numbers are going down. Everything's fine. Don't look over here.

538
00:27:49,840 --> 00:27:51,360
Speaker 2: We're all good re elect us.

539
00:27:51,480 --> 00:27:54,359
Speaker 1: Well, it depends on what numbers. It depends on what

540
00:27:54,480 --> 00:27:57,719
Speaker 1: numbers you're looking at right now. But in particular, one

541
00:27:57,760 --> 00:27:59,720
Speaker 1: of the property current break ins that those numbers are

542
00:27:59,800 --> 00:28:02,520
Speaker 1: up again. And in this case, we've last year at

543
00:28:02,520 --> 00:28:04,600
Speaker 1: the time, we had ten shootings. Now we have eighteen.

544
00:28:05,000 --> 00:28:06,639
Speaker 1: That seems up to me, doesn't to you. I'm not

545
00:28:06,680 --> 00:28:07,600
Speaker 1: good at math, LIZI you.

546
00:28:07,520 --> 00:28:10,879
Speaker 2: Tell me it is. Yeah, yeah, I mean it. It

547
00:28:11,000 --> 00:28:15,119
Speaker 2: is significantly higher, particularly in our urban core, and we

548
00:28:15,200 --> 00:28:17,159
Speaker 2: need leaders who are paying attention to that. But we

549
00:28:17,200 --> 00:28:20,080
Speaker 2: also need leaders who care about whether or not people

550
00:28:20,119 --> 00:28:22,560
Speaker 2: actually feel safe, because if people don't feel safe, they

551
00:28:22,600 --> 00:28:24,399
Speaker 2: are not going to go downtown. They are not going

552
00:28:24,480 --> 00:28:27,760
Speaker 2: to go support those small businesses that are the livelihood

553
00:28:27,760 --> 00:28:30,359
Speaker 2: of so many families in our city. We have got

554
00:28:30,400 --> 00:28:33,040
Speaker 2: to have council members who actually care about this. They

555
00:28:33,080 --> 00:28:36,440
Speaker 2: care about keeping people safe and making sure people feel safe. Yeah,

556
00:28:36,480 --> 00:28:38,080
Speaker 2: but tech we either it's happening right now.

557
00:28:38,120 --> 00:28:38,800
Speaker 3: Should we just.

558
00:28:38,760 --> 00:28:40,600
Speaker 1: Pay people not to commit crimes? Would that be the

559
00:28:40,640 --> 00:28:43,160
Speaker 1: easy way? I mean, we subsidize everything else, So just

560
00:28:43,160 --> 00:28:44,960
Speaker 1: talking about that with healthcare, why do not just pay

561
00:28:45,000 --> 00:28:47,280
Speaker 1: these people? I think that was jan Michelle Iman Kearny's

562
00:28:47,280 --> 00:28:50,120
Speaker 1: proposal pay people not gimmit crimes. What's wrong with that?

563
00:28:51,920 --> 00:28:54,000
Speaker 2: It is absolutely absurd. You got to be tough on

564
00:28:54,040 --> 00:28:56,960
Speaker 2: crime and the causes of crime. You cannot just say

565
00:28:57,080 --> 00:29:01,160
Speaker 2: you decide we're going to pay people with no accountability whatsoever,

566
00:29:01,280 --> 00:29:04,200
Speaker 2: because it's no partnership with the actual police department, so

567
00:29:04,360 --> 00:29:06,800
Speaker 2: no way to track to see if somebody that we're

568
00:29:06,840 --> 00:29:10,240
Speaker 2: paying to not shoot is not shooting somebody else. If

569
00:29:10,240 --> 00:29:12,720
Speaker 2: people are actively shooting, they should be in jail. We

570
00:29:12,760 --> 00:29:15,080
Speaker 2: should be off our streets.

571
00:29:14,880 --> 00:29:19,000
Speaker 1: Where Julliz keating, we're downtown fairly regularly. We're overdue for

572
00:29:19,080 --> 00:29:21,400
Speaker 1: a visit downtown in the staycation, which I love spending

573
00:29:21,400 --> 00:29:23,760
Speaker 1: money in our city. I really do. This does not

574
00:29:23,840 --> 00:29:26,160
Speaker 1: dissuade me from going down and doing that, hopefully. Some

575
00:29:26,200 --> 00:29:29,560
Speaker 1: people said, I haven't been downtown in years. Other people

576
00:29:29,600 --> 00:29:32,360
Speaker 1: say it doesn't bother me at all. It certainly doesn't

577
00:29:32,400 --> 00:29:34,560
Speaker 1: help when you have things like this going on, because

578
00:29:34,600 --> 00:29:37,280
Speaker 1: it does make you one look over their shoulder. But

579
00:29:37,640 --> 00:29:40,160
Speaker 1: I will say that it's starting to have that kind

580
00:29:40,160 --> 00:29:42,440
Speaker 1: of effect. I mean, I don't know. The River Roots

581
00:29:42,440 --> 00:29:45,120
Speaker 1: thing didn't really go off as they thought, and may

582
00:29:45,200 --> 00:29:47,240
Speaker 1: been the planners. But I can't help but think that

583
00:29:47,280 --> 00:29:49,840
Speaker 1: when we have events and we don't have as many

584
00:29:49,880 --> 00:29:54,280
Speaker 1: people showing up, this may be one of the factors involved.

585
00:29:56,080 --> 00:29:57,760
Speaker 2: I think it is one of the factors. I think

586
00:29:57,800 --> 00:30:00,160
Speaker 2: a tough economy is also one of the factors. But

587
00:30:00,240 --> 00:30:03,200
Speaker 2: we knew this coming in. We've seen the economy shifting,

588
00:30:03,600 --> 00:30:06,320
Speaker 2: We've seen prices go higher. We knew that when this

589
00:30:06,440 --> 00:30:09,000
Speaker 2: happens in the economy, that crime goes up, that mental

590
00:30:09,000 --> 00:30:11,560
Speaker 2: health issues go up. There could have been work going

591
00:30:11,640 --> 00:30:15,400
Speaker 2: on two years ago to prevent this. Everyone saw it coming.

592
00:30:15,520 --> 00:30:17,959
Speaker 2: Everyone isn't pointing out that this is coming, and we

593
00:30:18,000 --> 00:30:20,840
Speaker 2: saw no action from council. And you're right. I will

594
00:30:20,880 --> 00:30:23,440
Speaker 2: continue to go downtown. I will continue to support those

595
00:30:23,480 --> 00:30:27,320
Speaker 2: businesses because those that is so critical to continuing the

596
00:30:27,360 --> 00:30:30,160
Speaker 2: success of our city. But I will not sit by

597
00:30:30,240 --> 00:30:33,160
Speaker 2: when we have council members who just keep saying, don't worry,

598
00:30:33,160 --> 00:30:35,920
Speaker 2: crime is going down, everything's fine, We're doing a good job.

599
00:30:36,000 --> 00:30:39,240
Speaker 2: We have to have leaders who are not satisfied until

600
00:30:39,280 --> 00:30:42,040
Speaker 2: crime is at zero and people feel safe.

601
00:30:42,280 --> 00:30:44,160
Speaker 1: And the problem for me is in seeing this is

602
00:30:44,240 --> 00:30:46,320
Speaker 1: then we have Okay, we're going to spend some money

603
00:30:46,400 --> 00:30:48,120
Speaker 1: we're going to take four and a half million dollars

604
00:30:48,120 --> 00:30:50,280
Speaker 1: and we'll give the kyuka. But then you start looking

605
00:30:50,320 --> 00:30:52,640
Speaker 1: through and it's like there's programs, so this program and that,

606
00:30:52,720 --> 00:30:55,120
Speaker 1: and that's how it passes. Obviously, somebody gets their program,

607
00:30:55,520 --> 00:30:57,080
Speaker 1: and as far as I can tell, not all of them.

608
00:30:57,120 --> 00:30:59,320
Speaker 1: But there's a good number of programs that exist just

609
00:30:59,360 --> 00:31:01,840
Speaker 1: to feed the rabel rousers in a sense that we're

610
00:31:01,840 --> 00:31:03,680
Speaker 1: going to take this money and we're not going to

611
00:31:03,680 --> 00:31:05,640
Speaker 1: be accountable for it. It's going to pay someone off.

612
00:31:05,640 --> 00:31:07,320
Speaker 1: We're going to have a minister, we're gonna have someone

613
00:31:07,320 --> 00:31:09,280
Speaker 1: to say, we're going to get this my well, what

614
00:31:09,320 --> 00:31:11,719
Speaker 1: have you done? Nothing? And I point out because I

615
00:31:11,760 --> 00:31:14,440
Speaker 1: you know, Iris Rawley's son, right, what was he making

616
00:31:14,560 --> 00:31:16,640
Speaker 1: like sixty bucks an hour or something like that to

617
00:31:16,680 --> 00:31:19,480
Speaker 1: be an ambassador? Who the hell's get sixty dollars to

618
00:31:19,520 --> 00:31:21,080
Speaker 1: stand around Fountain Square and do what.

619
00:31:24,120 --> 00:31:26,920
Speaker 2: I mean? My problem is is that they're waiting until

620
00:31:27,000 --> 00:31:29,280
Speaker 2: right before in election you spend that money. Where was

621
00:31:29,320 --> 00:31:32,160
Speaker 2: that money being spent. Where were these programs being spent

622
00:31:32,360 --> 00:31:34,560
Speaker 2: at the beginning of summer when we were seeing kids

623
00:31:34,600 --> 00:31:37,800
Speaker 2: being shot and killed every single week. This is the

624
00:31:37,880 --> 00:31:39,320
Speaker 2: kind of stuff that as soon as you put the

625
00:31:39,360 --> 00:31:41,840
Speaker 2: programs in place, as soon as you start spending the money,

626
00:31:42,040 --> 00:31:44,719
Speaker 2: you come back at Public Safety Committee meeting and you

627
00:31:44,840 --> 00:31:46,959
Speaker 2: check on it every week. How are our numbers? What

628
00:31:47,000 --> 00:31:49,520
Speaker 2: are we doing? Is what we're doing working. When I

629
00:31:49,600 --> 00:31:51,920
Speaker 2: was on counsel, I led the Main Street Task Force

630
00:31:51,960 --> 00:31:54,800
Speaker 2: when we were having shootings on Main Street every single

631
00:31:54,800 --> 00:31:58,360
Speaker 2: week between Central Parkway and Liberty. We met on a

632
00:31:58,400 --> 00:32:03,280
Speaker 2: weekly basis with multiple different organizations and departments to continue

633
00:32:03,320 --> 00:32:08,040
Speaker 2: to be relentless on solving the problem from a holistic standpoint,

634
00:32:08,360 --> 00:32:12,600
Speaker 2: whether that's parking enforcement, health enforcement, to Health department to

635
00:32:12,640 --> 00:32:15,680
Speaker 2: shut down illegal food vendors, is working with uber to

636
00:32:15,800 --> 00:32:18,520
Speaker 2: geo fends to pick up in different areas so you

637
00:32:18,560 --> 00:32:20,720
Speaker 2: can move some of the drug dealing in the car

638
00:32:20,800 --> 00:32:24,600
Speaker 2: sitting around, moving that along. But we spent time downtown

639
00:32:24,680 --> 00:32:27,239
Speaker 2: at Q three am on Saturday nights when there were

640
00:32:27,240 --> 00:32:29,000
Speaker 2: the problems, to see if the work that we were

641
00:32:29,000 --> 00:32:32,400
Speaker 2: doing was actually working, coming back and reporting and figuring

642
00:32:32,400 --> 00:32:34,800
Speaker 2: out what more changes you have to keep showing up

643
00:32:35,080 --> 00:32:37,840
Speaker 2: every single day with the result to solve the issue.

644
00:32:37,960 --> 00:32:40,000
Speaker 2: And we're not seeing that. We're seeing a bunch of

645
00:32:40,040 --> 00:32:42,720
Speaker 2: money being spent right before an election that money should

646
00:32:42,720 --> 00:32:45,760
Speaker 2: have been spent months ago when we saw this going up,

647
00:32:46,000 --> 00:32:49,200
Speaker 2: and then constantly needing each and every week to see

648
00:32:49,240 --> 00:32:52,000
Speaker 2: how it is working. We're not seeing that. We're just

649
00:32:52,080 --> 00:32:54,280
Speaker 2: hearing from council members saying numbers are going down.

650
00:32:54,360 --> 00:32:55,680
Speaker 1: I think I speak for a lot of people, and

651
00:32:55,720 --> 00:32:58,200
Speaker 1: I said, I'm tired of them spending money on programs. Assimilarly,

652
00:32:58,240 --> 00:33:01,160
Speaker 1: there's no accountabilities, no jerisys, just giving. We're paying people

653
00:33:01,200 --> 00:33:03,240
Speaker 1: off and the problem continues to exist. The people we

654
00:33:03,480 --> 00:33:06,040
Speaker 1: allegedly are helping aren't getting helped at all. It's just

655
00:33:06,040 --> 00:33:08,520
Speaker 1: a transference of wealth and it's a skim is what

656
00:33:08,560 --> 00:33:13,040
Speaker 1: it is. Similarly, Liz Keating, today, I think councils meeting

657
00:33:13,080 --> 00:33:16,479
Speaker 1: to discuss food trucks and how to further regular food trucks.

658
00:33:16,600 --> 00:33:18,920
Speaker 1: We saw the problem, of course, with the after hours

659
00:33:18,960 --> 00:33:21,520
Speaker 1: places that were open in many neighborhoods. Roselin comes to

660
00:33:21,560 --> 00:33:24,160
Speaker 1: mind with a hookah lounge, and we've got shootouts at

661
00:33:24,160 --> 00:33:26,080
Speaker 1: the hookah lounge and people hanging around on the street

662
00:33:26,200 --> 00:33:29,120
Speaker 1: till three four in the morning all night long, causing problems,

663
00:33:29,160 --> 00:33:32,480
Speaker 1: scaring people well, intimidating people, and also some violence going

664
00:33:32,480 --> 00:33:36,240
Speaker 1: on as well, and we're contemplating what to do about that.

665
00:33:36,280 --> 00:33:38,960
Speaker 1: But meanwhile, one of the solutions was to cause the

666
00:33:39,080 --> 00:33:42,440
Speaker 1: food trucks to shut down at eleven o'clock or midnight

667
00:33:42,520 --> 00:33:45,240
Speaker 1: or whatever it was, which is, we're just punishing law

668
00:33:45,240 --> 00:33:49,120
Speaker 1: abiding people for the sake of alleged public safety. But

669
00:33:49,200 --> 00:33:51,720
Speaker 1: the optics of that are somehow that well, if we

670
00:33:51,720 --> 00:33:54,360
Speaker 1: give the food trucks, then the degenerates won't go when

671
00:33:54,560 --> 00:33:56,440
Speaker 1: and they won't be able to eat, so they'll go home,

672
00:33:56,520 --> 00:33:59,000
Speaker 1: which of course is the exact opposite of what you

673
00:33:59,040 --> 00:34:01,120
Speaker 1: should be doing. These people have no sense.

674
00:34:03,040 --> 00:34:06,120
Speaker 2: I mean, we cannot blame small businesses for the crime

675
00:34:06,200 --> 00:34:10,080
Speaker 2: numbers when Council cannot help solve this on their own.

676
00:34:10,400 --> 00:34:13,400
Speaker 2: It is absolutely absurd, and it's absurd that it's taken

677
00:34:13,520 --> 00:34:16,440
Speaker 2: this long for Council to act. When the food trucks

678
00:34:16,440 --> 00:34:20,120
Speaker 2: we're getting those types of regulations weeks ago, it's taken

679
00:34:20,160 --> 00:34:23,120
Speaker 2: them this long to actually respond to it. We cannot

680
00:34:23,160 --> 00:34:25,640
Speaker 2: punish You're right, You're exactly right. We cannot punish these

681
00:34:25,640 --> 00:34:28,440
Speaker 2: small businesses for the crime going on. Now. There are

682
00:34:28,480 --> 00:34:32,120
Speaker 2: some businesses that do create problems, and that's why we

683
00:34:32,200 --> 00:34:36,480
Speaker 2: have certain measures to be able to whether it's revoking

684
00:34:36,560 --> 00:34:39,600
Speaker 2: liquor licenses or shutting it down, if they're not doing

685
00:34:39,600 --> 00:34:41,719
Speaker 2: what they're supposed to do and causing it. We have

686
00:34:41,840 --> 00:34:45,080
Speaker 2: not seen that from the Food Trust venders, food Trust vendors.

687
00:34:45,120 --> 00:34:48,360
Speaker 2: Those are small businesses are the lifeblood of our city.

688
00:34:48,640 --> 00:34:50,799
Speaker 2: That is how we support families. That's how you get

689
00:34:50,840 --> 00:34:55,080
Speaker 2: paychecks going home to support families and give them better opportunities.

690
00:34:55,120 --> 00:34:58,279
Speaker 2: If we can't allow small businesses to thrive in Cincinnati,

691
00:34:58,320 --> 00:34:59,760
Speaker 2: then we've got a real problem.

692
00:35:00,440 --> 00:35:03,200
Speaker 1: I think the bottom line, Liz Keating, is that we've

693
00:35:03,200 --> 00:35:05,080
Speaker 1: got to get serious about these criminals. I mean, we

694
00:35:05,120 --> 00:35:06,840
Speaker 1: live in a time where I mean, let's face it,

695
00:35:06,880 --> 00:35:12,040
Speaker 1: the people are doing this are self absorbed sociopaths. I

696
00:35:12,040 --> 00:35:14,279
Speaker 1: mean getting there, I mean and shooting at each other

697
00:35:14,280 --> 00:35:16,799
Speaker 1: acrosses crowded street in the middle of the afternoon as

698
00:35:16,800 --> 00:35:20,160
Speaker 1: commuters go back and forth over some beef or last night,

699
00:35:20,200 --> 00:35:22,160
Speaker 1: what happened to fountain scorn from a city bird over

700
00:35:22,200 --> 00:35:24,279
Speaker 1: some stupid argument, and guns are going to come out.

701
00:35:24,400 --> 00:35:27,240
Speaker 1: Be damned everyone else around you. I'm sorry those people.

702
00:35:27,440 --> 00:35:30,040
Speaker 1: We have a cancer, and it's a cancer of self absorption.

703
00:35:30,320 --> 00:35:32,040
Speaker 1: I don't care how many programs and we've got to

704
00:35:32,040 --> 00:35:33,799
Speaker 1: be gentle and we got to treat these poor kids.

705
00:35:33,800 --> 00:35:37,239
Speaker 1: I'm sorry you got that. That's over. We've got to

706
00:35:37,320 --> 00:35:39,560
Speaker 1: round these people up and incarcerat them. That's the only

707
00:35:39,600 --> 00:35:42,879
Speaker 1: way out of this. And sadly we're making more degenerates

708
00:35:42,920 --> 00:35:45,600
Speaker 1: like this causing havoc for our city. Liz Keating, thanks

709
00:35:45,640 --> 00:35:47,400
Speaker 1: for checking in this morning. Good luck with the election

710
00:35:47,520 --> 00:35:50,319
Speaker 1: come up as you seek the vote to be able

711
00:35:50,360 --> 00:35:53,719
Speaker 1: to re elect to the council. Thanks again, Yeah, thank you.

712
00:35:54,360 --> 00:35:55,799
Speaker 2: Change in Cincinnati, No.

713
00:35:55,880 --> 00:35:59,879
Speaker 1: Kidding, another shooting last night. Sloany seven hundred ww sin.

714
00:36:00,280 --> 00:36:01,080
Speaker 3: Don't want to be in.

715
00:36:02,680 --> 00:36:02,839
Speaker 6: There.

716
00:36:02,880 --> 00:36:05,600
Speaker 1: We go Sloany seven hundred wit in this Tuesday morning

717
00:36:05,920 --> 00:36:10,520
Speaker 1: watching Speaker Johnson talk about the government shutdown. I don't

718
00:36:10,520 --> 00:36:12,040
Speaker 1: have the sound up, but I guess it's blah blah

719
00:36:12,080 --> 00:36:15,319
Speaker 1: blah blah blah. And then maybe Chuck Schumer or somebody

720
00:36:15,320 --> 00:36:17,200
Speaker 1: will pop on, or Jeffries will go on, and we'll

721
00:36:17,400 --> 00:36:19,960
Speaker 1: say blah blah blah blah blah ah. So anyway, more

722
00:36:19,960 --> 00:36:22,400
Speaker 1: of the same nonsense in the theater that continues, however,

723
00:36:23,560 --> 00:36:26,600
Speaker 1: is as much as a theater as it is. There's

724
00:36:26,600 --> 00:36:28,560
Speaker 1: still some impact with this. We know that there's people

725
00:36:28,600 --> 00:36:31,080
Speaker 1: losing their jobs, people who are laid off or furloughed,

726
00:36:31,320 --> 00:36:35,240
Speaker 1: worry about maybe making that mortgage, your car payment. Certainly

727
00:36:35,320 --> 00:36:37,040
Speaker 1: that is a concern, and a real one at that,

728
00:36:37,120 --> 00:36:40,000
Speaker 1: because this affects real people, just not in the numbers

729
00:36:40,040 --> 00:36:42,120
Speaker 1: they would have let you to believe. Now, part of this,

730
00:36:42,200 --> 00:36:45,600
Speaker 1: too has to do with forty one hundred employees across

731
00:36:45,800 --> 00:36:48,560
Speaker 1: different government agencies may be terminated. We'll find out there.

732
00:36:49,040 --> 00:36:51,279
Speaker 1: And one of the areas that's under concerned and we'll

733
00:36:51,280 --> 00:36:54,760
Speaker 1: find out tomorrow, is wealthy members of the military get paid.

734
00:36:55,000 --> 00:36:57,680
Speaker 1: I think that's a pretty good question. The folks that

735
00:36:57,719 --> 00:37:01,000
Speaker 1: are out there keeping the peace and trying to protect

736
00:37:01,040 --> 00:37:03,920
Speaker 1: America probably should get a paycheck. Who you're out there

737
00:37:03,960 --> 00:37:06,680
Speaker 1: put your life on the line every day. This and

738
00:37:06,719 --> 00:37:08,840
Speaker 1: the other things to talk about with the Glenn Welling

739
00:37:08,880 --> 00:37:10,680
Speaker 1: for the first time in the show. He's the executive

740
00:37:10,719 --> 00:37:13,560
Speaker 1: director of the Hamlet County Veteran Service Commission. Glenn, Welcome,

741
00:37:13,560 --> 00:37:13,960
Speaker 1: how are you.

742
00:37:15,320 --> 00:37:18,040
Speaker 6: Good morning, Scott. I'm doing very well and it's great

743
00:37:18,080 --> 00:37:18,600
Speaker 6: to be on with you.

744
00:37:18,680 --> 00:37:19,040
Speaker 3: Thanks.

745
00:37:19,080 --> 00:37:20,800
Speaker 1: I appreciate thanks for your service. I know you're a

746
00:37:20,840 --> 00:37:24,080
Speaker 1: Navy guy. Love me some Navy, Go Navy. Beat Army,

747
00:37:24,560 --> 00:37:28,200
Speaker 1: and well, let's start with that. Let's start with whether

748
00:37:28,280 --> 00:37:29,719
Speaker 1: or not the troops are going to get people are

749
00:37:29,719 --> 00:37:31,279
Speaker 1: going to get paid in the military. I think it

750
00:37:31,320 --> 00:37:33,919
Speaker 1: seems like they found the money, they said, which goes

751
00:37:33,960 --> 00:37:36,000
Speaker 1: to show you the seriousness of the shutdown. Not that

752
00:37:36,360 --> 00:37:40,279
Speaker 1: not paying our soldiers, sailors, and airmen and women and

753
00:37:40,560 --> 00:37:42,960
Speaker 1: Coastguard for that matter, not a concern. But you know,

754
00:37:43,000 --> 00:37:46,080
Speaker 1: they found the money somewhere, somewhere in the trillions of

755
00:37:46,120 --> 00:37:48,320
Speaker 1: dollars and budget money that we have out there, Somewhere

756
00:37:48,360 --> 00:37:49,920
Speaker 1: they found the money to be able to pay all

757
00:37:49,960 --> 00:37:52,400
Speaker 1: the good men and women of our armed services. Allegedly,

758
00:37:52,480 --> 00:37:53,120
Speaker 1: we'll find out.

759
00:37:54,880 --> 00:37:57,359
Speaker 6: Yeah, that's what I've heard as well. I'm not sure

760
00:37:57,360 --> 00:38:01,120
Speaker 6: about that. I understand that perhaps they're looking at least

761
00:38:01,120 --> 00:38:06,520
Speaker 6: temporarily within the research and development section within what is

762
00:38:06,600 --> 00:38:09,319
Speaker 6: now called the Department of War. But I've heard the

763
00:38:09,360 --> 00:38:09,839
Speaker 6: same thing.

764
00:38:11,080 --> 00:38:12,360
Speaker 8: But I agree.

765
00:38:12,360 --> 00:38:16,640
Speaker 6: Well, I, you know, spent thirty seven years in the

766
00:38:16,719 --> 00:38:20,160
Speaker 6: Navy all totally, I went through a number of those

767
00:38:20,160 --> 00:38:24,000
Speaker 6: government shutdowns. And I also have a daughter who's currently

768
00:38:24,040 --> 00:38:27,279
Speaker 6: serving on active duty as a combat engineer in the Army.

769
00:38:28,000 --> 00:38:31,040
Speaker 6: And yeah, I can tell you from my own experience

770
00:38:31,080 --> 00:38:33,400
Speaker 6: and from what my daughter has related is that our

771
00:38:33,440 --> 00:38:37,920
Speaker 6: service members are focused first and foremost on accomplishing our mission.

772
00:38:38,800 --> 00:38:42,160
Speaker 1: Yeah, but but you still need to get money in

773
00:38:42,200 --> 00:38:44,960
Speaker 1: midble that you still have bills. Just because you're in

774
00:38:45,040 --> 00:38:46,759
Speaker 1: the Armed Services doesn't mean you don't have.

775
00:38:46,719 --> 00:38:50,600
Speaker 6: Bills absolutely, And unfortunately, you know, lack of a paycheck

776
00:38:50,600 --> 00:38:54,840
Speaker 6: can be a significant distraction and from focused on mission

777
00:38:54,840 --> 00:39:00,760
Speaker 6: and caused increased stress and concern. So anyone listening should

778
00:39:00,800 --> 00:39:04,239
Speaker 6: reach out to their elected representatives encouraging them to support

779
00:39:04,480 --> 00:39:07,480
Speaker 6: what's known as the Pay Our Troops Act HR fifty

780
00:39:07,480 --> 00:39:11,719
Speaker 6: four oh one, and that's legislation that ensures military members

781
00:39:11,920 --> 00:39:16,319
Speaker 6: including Coast Guard, will continue to receive pay during the

782
00:39:16,360 --> 00:39:20,920
Speaker 6: government shutdown. And that's not a partisan request in any way.

783
00:39:21,000 --> 00:39:23,600
Speaker 6: As a matter of fact, I also president of the

784
00:39:23,640 --> 00:39:26,400
Speaker 6: Navy League Council here in Cincinnati, and we've pushed that

785
00:39:26,480 --> 00:39:29,600
Speaker 6: information out to all of our members can encouraging them

786
00:39:29,640 --> 00:39:30,520
Speaker 6: to do that as well.

787
00:39:31,360 --> 00:39:33,880
Speaker 1: Glenn, has this a fact that at all you foresee

788
00:39:33,880 --> 00:39:38,120
Speaker 1: it affecting VA healthcare programs for our veterans.

789
00:39:39,120 --> 00:39:42,440
Speaker 6: Currently, that is not what we know at this point.

790
00:39:42,719 --> 00:39:46,719
Speaker 6: Core VA benefits like disability pench and education payments are

791
00:39:46,760 --> 00:39:50,520
Speaker 6: not currently affected by the government shutdown, and they should

792
00:39:50,920 --> 00:39:53,600
Speaker 6: continue to be processed and delivered, at least that's what

793
00:39:53,960 --> 00:39:57,000
Speaker 6: the VA is saying at this point. However, one of

794
00:39:57,040 --> 00:39:59,520
Speaker 6: the things to shut down can impact is customer service

795
00:39:59,560 --> 00:40:03,840
Speaker 6: and certain administrative functions. But in terms of those payments

796
00:40:03,880 --> 00:40:06,719
Speaker 6: being processed from the VA, as far as we know

797
00:40:06,800 --> 00:40:08,799
Speaker 6: right now, those are still being processed.

798
00:40:08,880 --> 00:40:10,720
Speaker 1: Well, that's the probable We need to do that because

799
00:40:10,760 --> 00:40:12,480
Speaker 1: we have as I know, I have to tell you

800
00:40:12,520 --> 00:40:15,880
Speaker 1: because you're the head of the Hamma County Veteran Service Commission,

801
00:40:15,920 --> 00:40:18,279
Speaker 1: but aging veterans, the number of those are growing two

802
00:40:18,360 --> 00:40:21,080
Speaker 1: post nine to eleven service members. We know wait times

803
00:40:21,120 --> 00:40:23,400
Speaker 1: are up at the VA as well. I hate to

804
00:40:23,400 --> 00:40:25,919
Speaker 1: have this compound that.

805
00:40:25,920 --> 00:40:29,239
Speaker 6: That's exactly right, and you know we here at the

806
00:40:29,320 --> 00:40:33,120
Speaker 6: Hamilton County Veterans Service Commission. We serve more than thirty

807
00:40:33,120 --> 00:40:37,520
Speaker 6: seven thousand veterans here in Hamilton County and their family

808
00:40:37,520 --> 00:40:42,680
Speaker 6: members and so by veterans, those who have received their

809
00:40:42,719 --> 00:40:46,160
Speaker 6: d D two fourteen, which is their certificate of release

810
00:40:46,239 --> 00:40:50,839
Speaker 6: or discharge from active duty, and we're here to continue

811
00:40:51,120 --> 00:40:53,920
Speaker 6: to help support them. While we are not the VA,

812
00:40:54,840 --> 00:40:58,200
Speaker 6: we are here to help connect them. Our mission is

813
00:40:58,200 --> 00:41:01,560
Speaker 6: to connect those veterans to re sources at the federal, state,

814
00:41:01,640 --> 00:41:03,799
Speaker 6: and local level. So that's what we do here at

815
00:41:03,800 --> 00:41:05,000
Speaker 6: the Veterans Service Commission.

816
00:41:05,200 --> 00:41:07,799
Speaker 1: Yeah, in part of you know, we've talked about long

817
00:41:07,840 --> 00:41:12,880
Speaker 1: wait times and in reporting of dated certain VA facilities.

818
00:41:12,880 --> 00:41:15,080
Speaker 1: That that's part and parcel for the problem, I think too.

819
00:41:15,120 --> 00:41:17,719
Speaker 1: But making sure that the VA can go on and

820
00:41:18,040 --> 00:41:20,600
Speaker 1: taking care of the veterans that need that care and

821
00:41:20,640 --> 00:41:22,800
Speaker 1: our leaning on that care just simply can't go away

822
00:41:22,840 --> 00:41:26,040
Speaker 1: because of some silly government showdown as shutdown doesn't seem

823
00:41:26,040 --> 00:41:30,920
Speaker 1: like that's the case, which is good news, yes for sure, Glenn.

824
00:41:30,920 --> 00:41:33,680
Speaker 1: One are the other issues facing the veterans, to particular

825
00:41:33,680 --> 00:41:36,120
Speaker 1: in Hamlin County is the issue of homelessness. We probably

826
00:41:36,120 --> 00:41:38,400
Speaker 1: see that more in Hamlin County because it's, you know,

827
00:41:38,440 --> 00:41:40,920
Speaker 1: one of the biggest counties in the state of Ohio,

828
00:41:41,160 --> 00:41:42,960
Speaker 1: and I know that number nationally has gone off for

829
00:41:43,080 --> 00:41:45,640
Speaker 1: seven percent. What do you guys doing there to combat

830
00:41:45,680 --> 00:41:47,520
Speaker 1: that and how much of that are you seeing, especially

831
00:41:47,520 --> 00:41:48,359
Speaker 1: with the winter months coming.

832
00:41:49,760 --> 00:41:53,120
Speaker 6: Well, that's a great question. One of our core pillars

833
00:41:53,120 --> 00:41:56,480
Speaker 6: here at the VSC is financial assistance, So we provide

834
00:41:56,560 --> 00:42:02,359
Speaker 6: FINANI temporary financial assistance for veterans in need, and part

835
00:42:02,360 --> 00:42:07,880
Speaker 6: of that is to include temporary housing. We also have relationships.

836
00:42:08,000 --> 00:42:09,640
Speaker 6: As a matter of fact, we have a relationship with

837
00:42:09,760 --> 00:42:14,760
Speaker 6: the owners of the Quality in Over on eighth Street,

838
00:42:14,760 --> 00:42:18,239
Speaker 6: and there's an entire floor there, the sixth floor is

839
00:42:18,320 --> 00:42:22,800
Speaker 6: dedicated to temporary veteran housing. We partner with hud that

840
00:42:24,120 --> 00:42:27,560
Speaker 6: to help provide financing for that. So it's certainly a

841
00:42:27,600 --> 00:42:31,320
Speaker 6: focus area of ours, and we're looking to continue to

842
00:42:31,560 --> 00:42:35,520
Speaker 6: expand that, perhaps two other organizations that partner with them,

843
00:42:35,560 --> 00:42:39,600
Speaker 6: for instance like Easter Seals, Redwoods and other veteran service

844
00:42:39,680 --> 00:42:41,200
Speaker 6: organizations here in Hamilton County.

845
00:42:41,360 --> 00:42:43,960
Speaker 1: Sounds like you guys are this boulder is rolling downhill

846
00:42:43,960 --> 00:42:45,759
Speaker 1: in a good way because it wasn't that long. I

847
00:42:45,800 --> 00:42:47,680
Speaker 1: don't bring up the pass, Glenn. This pre dates your

848
00:42:47,719 --> 00:42:50,279
Speaker 1: service there at the Hamlin County Veteran Service Commission. But

849
00:42:50,360 --> 00:42:51,799
Speaker 1: of course it was just about a couple of years

850
00:42:51,840 --> 00:42:54,480
Speaker 1: ago where he had the scandal to kind of expose things.

851
00:42:54,520 --> 00:42:57,840
Speaker 1: Things weren't being run correctly. Veterans were hanging in Limbo

852
00:42:57,920 --> 00:43:01,840
Speaker 1: and Hamlin County. They couldn't get transportation, healthcare, and a

853
00:43:01,840 --> 00:43:03,680
Speaker 1: bunch of you they get maybe a bus pass or

854
00:43:03,680 --> 00:43:06,520
Speaker 1: something like that, and of course put strain on the

855
00:43:06,560 --> 00:43:10,080
Speaker 1: other counties Claremont, Butler, Warren, et cetera too. I'm glad

856
00:43:10,080 --> 00:43:11,799
Speaker 1: to see that things are changed and change for the better,

857
00:43:11,840 --> 00:43:13,280
Speaker 1: because we're not talking about that anymore.

858
00:43:14,480 --> 00:43:16,960
Speaker 6: Well, we are on an entirely new path, and I

859
00:43:17,000 --> 00:43:20,439
Speaker 6: have to give credit to my predecessor, Orlando Sanza, who

860
00:43:20,480 --> 00:43:23,000
Speaker 6: just did an amazing job of turning things around. You

861
00:43:23,080 --> 00:43:28,000
Speaker 6: mentioned transportation. In June, we started a transportation service. We're

862
00:43:28,000 --> 00:43:30,120
Speaker 6: getting our second van at the end of this month,

863
00:43:30,160 --> 00:43:33,880
Speaker 6: and we take veterans from their front door right to

864
00:43:34,000 --> 00:43:39,120
Speaker 6: their VA medical appointments, and so things are really really

865
00:43:39,160 --> 00:43:42,360
Speaker 6: moving forward here. We're so lucky to have the support

866
00:43:42,400 --> 00:43:46,680
Speaker 6: that we have from our county commissioners as well as

867
00:43:46,719 --> 00:43:51,680
Speaker 6: our outstanding board of commissioners here within the Veterans Service Commission.

868
00:43:52,520 --> 00:43:56,120
Speaker 6: We have also engaged in a significant amount of outreach,

869
00:43:56,200 --> 00:43:59,160
Speaker 6: because if veterans don't know we're here and don't know

870
00:43:59,200 --> 00:44:02,080
Speaker 6: what benefits we can provide to them, that we're not

871
00:44:02,120 --> 00:44:06,000
Speaker 6: able to serve them. So so many things. As you said,

872
00:44:06,000 --> 00:44:08,520
Speaker 6: the boulder is rolling and we want to keep pushing it.

873
00:44:08,760 --> 00:44:10,960
Speaker 1: Yeah, we had Moss on the boulder. Before it may

874
00:44:11,000 --> 00:44:12,680
Speaker 1: have been backing up on your hands, but now it's

875
00:44:12,719 --> 00:44:15,520
Speaker 1: going downhill and it's gained speed and we're doing we

876
00:44:15,560 --> 00:44:17,440
Speaker 1: have to write people like yourself and they're glens. I'm

877
00:44:17,440 --> 00:44:20,279
Speaker 1: glad you're because I know what you did over Jay

878
00:44:20,480 --> 00:44:24,680
Speaker 1: University and now as executi Director Hamlin County Veteran Service Commission. No,

879
00:44:24,719 --> 00:44:27,080
Speaker 1: it's in good hands. I also know too, as a

880
00:44:27,120 --> 00:44:30,040
Speaker 1: proud Navy man. Uh serve what thirty seven years you see?

881
00:44:30,040 --> 00:44:31,000
Speaker 1: You know I was navy too.

882
00:44:32,480 --> 00:44:33,960
Speaker 6: Oh, I did not know that.

883
00:44:36,960 --> 00:44:41,000
Speaker 1: There were So I was stationed on the USS Abraham Lincoln.

884
00:44:41,000 --> 00:44:43,359
Speaker 1: Are you familiar with that carrier CBN seventy.

885
00:44:43,040 --> 00:44:45,919
Speaker 6: Two, I absolutely am, Yeah.

886
00:44:45,960 --> 00:44:48,920
Speaker 1: So, uh it was I think five years ago. Uh,

887
00:44:49,160 --> 00:44:51,320
Speaker 1: I flew in. It was a media thing. I flew

888
00:44:51,360 --> 00:44:52,759
Speaker 1: in a buddy of mine, but a friend of a

889
00:44:52,800 --> 00:44:54,760
Speaker 1: friend kind of thing is ahead of the Pacific Fleet

890
00:44:54,800 --> 00:44:58,920
Speaker 1: to Pio, and I flew in, did some Navy training,

891
00:44:59,360 --> 00:45:02,160
Speaker 1: got and flew in on the carrier on the Atlanta

892
00:45:02,200 --> 00:45:04,960
Speaker 1: somewhere off the Carolina coast. Was on that ship for

893
00:45:05,280 --> 00:45:07,400
Speaker 1: I think about twenty four hours and flew back. I

894
00:45:07,440 --> 00:45:08,640
Speaker 1: was there for about so I was in the service.

895
00:45:08,760 --> 00:45:10,240
Speaker 1: Really about the good three or four days.

896
00:45:12,239 --> 00:45:14,960
Speaker 6: Well, thanks for your service, Well, thank you.

897
00:45:15,080 --> 00:45:17,480
Speaker 1: Yes, it's good to be talking to a fellow seamen.

898
00:45:17,560 --> 00:45:20,080
Speaker 1: And it's good, you know. And I will say that

899
00:45:20,480 --> 00:45:23,440
Speaker 1: like you're thirty Seid America was never invaded in the

900
00:45:24,040 --> 00:45:27,080
Speaker 1: twenty four hours I was aboard that ship, not invaded.

901
00:45:29,680 --> 00:45:31,759
Speaker 6: I'm sure you'll be getting a cry thank you.

902
00:45:31,960 --> 00:45:34,360
Speaker 1: For me, I would think so, I always think so.

903
00:45:34,640 --> 00:45:36,399
Speaker 1: I'm not quite sure what that gets me. I think

904
00:45:36,440 --> 00:45:39,200
Speaker 1: I get like free ice on Veterans Day with any

905
00:45:39,239 --> 00:45:42,160
Speaker 1: soft drink is what I'm entitled to for my my

906
00:45:42,239 --> 00:45:45,719
Speaker 1: twenty four hours of service. But spectacular though, in all seriousness,

907
00:45:45,719 --> 00:45:48,799
Speaker 1: to see just how the Navy inside operates and what

908
00:45:48,840 --> 00:45:51,040
Speaker 1: the Navy means too, because most people think, okay, well

909
00:45:51,040 --> 00:45:53,400
Speaker 1: what the basically we are the police for We're the

910
00:45:53,480 --> 00:45:56,120
Speaker 1: highway patrol of the seas, is what we are. If

911
00:45:56,440 --> 00:45:59,640
Speaker 1: the US Navy seas to exist, all hell would break loose,

912
00:45:59,800 --> 00:46:02,719
Speaker 1: all the shipping lanes would become for the pirates. You know,

913
00:46:02,840 --> 00:46:05,680
Speaker 1: we saw what happened in Iran, remember the Somali pirates

914
00:46:05,960 --> 00:46:09,120
Speaker 1: in that Tom Hanks movie. Of course, Captain Phillips, the

915
00:46:09,200 --> 00:46:11,279
Speaker 1: Navy's the one that figures that stuff out. We make

916
00:46:11,320 --> 00:46:14,359
Speaker 1: sure that your socks that you are darn Amazon, your

917
00:46:14,440 --> 00:46:17,080
Speaker 1: socks are delivered on time every time. That's what the

918
00:46:17,160 --> 00:46:17,719
Speaker 1: Navy does.

919
00:46:19,040 --> 00:46:22,399
Speaker 6: Absolutely, We're insuring free trade across the globe, and we

920
00:46:22,440 --> 00:46:27,320
Speaker 6: serve in every corner of the globe, and our sailors

921
00:46:27,360 --> 00:46:30,960
Speaker 6: and marines are out there twenty four to seven below

922
00:46:31,280 --> 00:46:37,520
Speaker 6: a pond and above the sea, ensuring prosperity for our

923
00:46:37,600 --> 00:46:39,399
Speaker 6: nation and global security for all.

924
00:46:39,600 --> 00:46:41,480
Speaker 1: It's really cool to see at firsthand the men and

925
00:46:41,520 --> 00:46:46,480
Speaker 1: women aboard our Navy's ships at sea and those behind

926
00:46:46,520 --> 00:46:48,360
Speaker 1: the scenes that do the training and everything else. And

927
00:46:48,360 --> 00:46:50,960
Speaker 1: it's really eye opening for someone like me. And my

928
00:46:51,040 --> 00:46:53,640
Speaker 1: dad was in the served four years in the Navy too,

929
00:46:53,760 --> 00:46:55,960
Speaker 1: so that one hit home to me. I know also

930
00:46:56,080 --> 00:47:00,000
Speaker 1: that the United States Navy probably the finest of all

931
00:47:00,080 --> 00:47:03,320
Speaker 1: the armed services of the unit in the world. Celebrating

932
00:47:03,320 --> 00:47:06,360
Speaker 1: the two hundred and fiftieth anniversary, two hundred and fifty

933
00:47:06,440 --> 00:47:08,840
Speaker 1: years the Navy's been in existence.

934
00:47:09,600 --> 00:47:11,480
Speaker 6: That's right. As a matter of fact, our birthday was

935
00:47:11,640 --> 00:47:17,520
Speaker 6: yesterday and the Navy League is sponsoring our two hundred

936
00:47:17,520 --> 00:47:21,120
Speaker 6: and fiftieth anniversary. Navy and Marine Corps Ball coming up

937
00:47:21,640 --> 00:47:26,239
Speaker 6: next Saturday, October twenty fifth at the CentOS Center. So

938
00:47:26,280 --> 00:47:29,600
Speaker 6: it's right between our birthday the thirteenth of October and

939
00:47:29,640 --> 00:47:31,759
Speaker 6: the Marine Corps birthday on November tenth, and it's going

940
00:47:31,840 --> 00:47:36,360
Speaker 6: to be a fantastic of and we're looking to have

941
00:47:36,600 --> 00:47:41,640
Speaker 6: a great representation there from both services. And again, Scott,

942
00:47:41,760 --> 00:47:44,040
Speaker 6: due to your extensive service in the United States Navy,

943
00:47:44,000 --> 00:47:46,600
Speaker 6: we would love to have you come and participation.

944
00:47:46,760 --> 00:47:49,359
Speaker 1: You sat for guest speakers. You have someone you've got

945
00:47:49,400 --> 00:47:51,080
Speaker 1: like you got like a four star. What do you

946
00:47:51,120 --> 00:47:53,160
Speaker 1: got you got a rear admiral or somebody speaking because

947
00:47:53,200 --> 00:47:56,319
Speaker 1: of you know, I'm available. I talk about my days,

948
00:47:56,640 --> 00:47:57,600
Speaker 1: my day at sea.

949
00:47:59,040 --> 00:48:02,440
Speaker 6: That's a great question. So typically we have a single

950
00:48:02,440 --> 00:48:06,080
Speaker 6: guest speaker, but because this event is representing both the

951
00:48:06,160 --> 00:48:08,440
Speaker 6: Navy and the Marine Corps, we wanted to secure a

952
00:48:08,440 --> 00:48:12,040
Speaker 6: guest speaker from each And folks may not know this,

953
00:48:12,160 --> 00:48:17,319
Speaker 6: but eighty percent of our military force is enlisted. I

954
00:48:17,360 --> 00:48:20,919
Speaker 6: was an enlisted guy for that period of time. So

955
00:48:21,040 --> 00:48:23,680
Speaker 6: I reached out to the Master Chief Petty Officer of

956
00:48:23,680 --> 00:48:27,840
Speaker 6: the Navy thirteen mckpond thirteen, a gentleman named Mike Stevens

957
00:48:27,840 --> 00:48:31,319
Speaker 6: who is also the CEO of Navy League National and

958
00:48:32,080 --> 00:48:35,040
Speaker 6: asked him first, and so he is coming in to

959
00:48:35,120 --> 00:48:39,400
Speaker 6: represent the Navy. And then a retired Marine Sergeant Major

960
00:48:39,560 --> 00:48:43,319
Speaker 6: Brian Battaglia, who was the senior and listened advisor to

961
00:48:43,360 --> 00:48:45,200
Speaker 6: the Chairman of the Joint Chiefs and that is the

962
00:48:45,280 --> 00:48:50,800
Speaker 6: highest ranking listed person in the entire US Armed Forces. Brian,

963
00:48:51,080 --> 00:48:54,720
Speaker 6: Mike and I all three served in the Pentagon together,

964
00:48:55,360 --> 00:48:58,880
Speaker 6: and Brian was the guest speaker at my Navy retirement,

965
00:48:58,920 --> 00:49:01,359
Speaker 6: so I reached out to Brian, and so the two

966
00:49:01,920 --> 00:49:06,319
Speaker 6: just incredibly outstanding gentlemen that we have coming in to

967
00:49:06,440 --> 00:49:08,480
Speaker 6: be our guest speakers. They're going to talk about the

968
00:49:08,520 --> 00:49:12,160
Speaker 6: importance of two hundred and fifty years for their individual branches.

969
00:49:12,560 --> 00:49:15,400
Speaker 6: And as you may know, there's always some friendly barbs

970
00:49:15,480 --> 00:49:18,560
Speaker 6: back and forth between the services, and especially the Navy

971
00:49:18,560 --> 00:49:21,640
Speaker 6: and the Marine Corps. So they'll, I'm sure treat us

972
00:49:21,680 --> 00:49:24,120
Speaker 6: to some of that friendly jousting as well.

973
00:49:24,239 --> 00:49:27,320
Speaker 1: Yeah, at level, it's kind of like cops and firefighters

974
00:49:27,320 --> 00:49:29,520
Speaker 1: when they get together, right, it's a battle between the two,

975
00:49:29,600 --> 00:49:32,759
Speaker 1: but you're kind of on the same team Navy, Marine Corps.

976
00:49:32,840 --> 00:49:35,359
Speaker 1: So it's a Saturday the twenty fifth sentas right at

977
00:49:35,400 --> 00:49:35,960
Speaker 1: six o'clock.

978
00:49:37,280 --> 00:49:42,680
Speaker 6: That's correct, six to eleven, and they'll be a pomp

979
00:49:42,719 --> 00:49:47,160
Speaker 6: and circumstance both the Navy and the Marine Corps ceremonial

980
00:49:47,560 --> 00:49:51,880
Speaker 6: activities related to it. Ceremonial cake cutting where we'll be

981
00:49:51,920 --> 00:49:56,840
Speaker 6: honoring the youngest and oldest sailor and marine in the

982
00:49:56,880 --> 00:50:01,560
Speaker 6: audience for the ceremonial cake cutting dinner followed by dancing.

983
00:50:01,680 --> 00:50:04,160
Speaker 6: It's just going to be a wonderful, wonderful event.

984
00:50:04,280 --> 00:50:06,600
Speaker 1: It's amazing, all right. Someone, if you're interested to hear this,

985
00:50:06,680 --> 00:50:09,640
Speaker 1: maybe you're a Navy veteran or veteran of the United

986
00:50:09,680 --> 00:50:13,080
Speaker 1: States Marine Corps, or I'm guessing just ordinary people like

987
00:50:13,120 --> 00:50:16,360
Speaker 1: me can come to where you go for tickets Go.

988
00:50:16,280 --> 00:50:21,480
Speaker 6: To Cincinnati Navy League dot com and that's the homepage

989
00:50:21,480 --> 00:50:23,880
Speaker 6: for the Greater Cincinnati Council the Navy League, and scroll

990
00:50:23,920 --> 00:50:27,120
Speaker 6: down you'll see the link to connect for tickets to

991
00:50:27,280 --> 00:50:27,720
Speaker 6: the event.

992
00:50:27,800 --> 00:50:30,120
Speaker 1: Right there, got it, all right? Chief, thanks a lot,

993
00:50:30,200 --> 00:50:34,600
Speaker 1: Glenn Welling, retired Navy Master Chief, Executive Director, Hamlin County

994
00:50:34,760 --> 00:50:37,040
Speaker 1: Veteran Service Commission. The event coming up on the twenty fifth,

995
00:50:37,040 --> 00:50:39,560
Speaker 1: But glad to know that at the end of the day,

996
00:50:39,560 --> 00:50:41,680
Speaker 1: here that no one will suffer who is serving our

997
00:50:41,719 --> 00:50:43,960
Speaker 1: country or our family members when it comes to not

998
00:50:44,000 --> 00:50:46,520
Speaker 1: getting a paycheck starting tomorrow in the fifteenth, because tomorrow's

999
00:50:46,520 --> 00:50:49,520
Speaker 1: pay day. The eagle poops tomorrow. Hopefully it continues pooping

1000
00:50:49,520 --> 00:50:52,000
Speaker 1: for a while for people. I appreciate it. Thanks for

1001
00:50:52,040 --> 00:50:53,480
Speaker 1: your service, Glenn. Great to talk to you.

1002
00:50:54,760 --> 00:50:55,520
Speaker 8: Thank you, Scott.

1003
00:50:55,719 --> 00:50:58,160
Speaker 1: All right, people, well take care there you go. Notice

1004
00:50:58,200 --> 00:50:59,879
Speaker 1: I did not get from Glenna. Thank you for your

1005
00:51:00,360 --> 00:51:03,759
Speaker 1: But that's okay, that's all right. That's I'm not going

1006
00:51:03,800 --> 00:51:05,640
Speaker 1: to say it was a difficult twenty four hours, but

1007
00:51:06,040 --> 00:51:10,200
Speaker 1: well I can't. I can't divulge that we've got news

1008
00:51:10,200 --> 00:51:13,400
Speaker 1: on the way in about five minutes and coming up

1009
00:51:13,400 --> 00:51:18,319
Speaker 1: on the show on seven hundred WLWT. Missophonia. Do you

1010
00:51:18,320 --> 00:51:21,920
Speaker 1: know what that is? Miso phonia? Maybe it's miso miso something,

1011
00:51:22,200 --> 00:51:26,640
Speaker 1: miso phonia. You might have it, and you might go, wow,

1012
00:51:26,680 --> 00:51:28,640
Speaker 1: I didn't know there was a name for what it

1013
00:51:28,719 --> 00:51:30,279
Speaker 1: is that I have. And but it's not one of

1014
00:51:30,280 --> 00:51:33,120
Speaker 1: those Hey, this isn't a gonna be a twenty minute

1015
00:51:33,160 --> 00:51:36,120
Speaker 1: commercial for some sort of pharmaceutical product that you don't need.

1016
00:51:36,320 --> 00:51:39,480
Speaker 1: They'll turn Yeah, it's gonna solve your misso phonia. But

1017
00:51:39,520 --> 00:51:42,880
Speaker 1: it's going to make your eyegrash, eyelashes grow down your armpits.

1018
00:51:42,880 --> 00:51:44,239
Speaker 1: It's not anything like that. I don't know if there's

1019
00:51:44,239 --> 00:51:46,400
Speaker 1: a side of it's really interesting. We finally have a

1020
00:51:46,480 --> 00:51:48,160
Speaker 1: name for something a lot of us suffer from. What

1021
00:51:48,320 --> 00:51:50,640
Speaker 1: is that? We'll get to it right afternoon. Sloaney continues

1022
00:51:50,760 --> 00:51:57,200
Speaker 1: on seven hundred WWT Cincinnati Slaney here, seven hundred WLW.

1023
00:51:57,360 --> 00:52:00,560
Speaker 1: Well it She didn't make it public till Friday, so

1024
00:52:00,760 --> 00:52:03,960
Speaker 1: I really didn't feel comfortable talking about it until she

1025
00:52:04,239 --> 00:52:07,239
Speaker 1: was fine with it, and I talk about normally at

1026
00:52:07,239 --> 00:52:09,279
Speaker 1: this time. On Tuesday, Thursday, Tip Potter comes oft us

1027
00:52:09,320 --> 00:52:12,399
Speaker 1: three things and maybe you heard maybe didn't hert anyone?

1028
00:52:12,440 --> 00:52:16,200
Speaker 1: And social there are some positions eliminated production of force,

1029
00:52:16,239 --> 00:52:19,799
Speaker 1: which is fairly common in our industry and common maybe

1030
00:52:19,800 --> 00:52:23,520
Speaker 1: in yours as well too. It's happening with impunity across

1031
00:52:23,560 --> 00:52:25,840
Speaker 1: other sectors, just the nature of the e commune, like

1032
00:52:25,920 --> 00:52:29,399
Speaker 1: and tiff and well Tony Pike from ESPN fifteen thirty

1033
00:52:29,440 --> 00:52:31,160
Speaker 1: no longer with us. And it's it's kind of sad

1034
00:52:31,200 --> 00:52:33,920
Speaker 1: because she wanted me to a couple things. I mean,

1035
00:52:33,920 --> 00:52:36,160
Speaker 1: she's a friend and I think she's awesome and one

1036
00:52:36,160 --> 00:52:38,279
Speaker 1: of the hardest working people I know, and kind of

1037
00:52:38,280 --> 00:52:40,200
Speaker 1: a ray of sunshine you need that these days. She's

1038
00:52:40,200 --> 00:52:42,320
Speaker 1: just done like up beat. We may disagree on some things,

1039
00:52:42,360 --> 00:52:46,239
Speaker 1: but you know, more like a father daughter kind of

1040
00:52:46,480 --> 00:52:50,759
Speaker 1: sort of disagreement relationship too, But you know, in fact

1041
00:52:50,760 --> 00:52:54,200
Speaker 1: of Mather remains. That's the cold reality of business in

1042
00:52:54,239 --> 00:52:57,520
Speaker 1: today's business world, today's business climate. It's tough, and you're

1043
00:52:57,520 --> 00:53:00,680
Speaker 1: seeing that where you work, I'm sure, but she I know,

1044
00:53:00,719 --> 00:53:02,680
Speaker 1: she did want me to express how grateful she was

1045
00:53:02,719 --> 00:53:04,719
Speaker 1: for people reached out to her and friended her on

1046
00:53:04,760 --> 00:53:07,799
Speaker 1: social and everything else too, and she enjoyed her her

1047
00:53:07,840 --> 00:53:11,000
Speaker 1: time doing that. So that's it's kind of sad to

1048
00:53:11,040 --> 00:53:13,080
Speaker 1: do that without her now, and because we've done it

1049
00:53:13,080 --> 00:53:15,080
Speaker 1: for a few year, like four or five, five years now,

1050
00:53:15,120 --> 00:53:18,399
Speaker 1: I think, And so it goes, you know, just another

1051
00:53:18,440 --> 00:53:20,040
Speaker 1: one of those things. And you hang around long enough

1052
00:53:20,040 --> 00:53:21,520
Speaker 1: like I have, you start to see that and go

1053
00:53:21,840 --> 00:53:23,839
Speaker 1: just it does kind of drain on you. But it's

1054
00:53:23,880 --> 00:53:27,920
Speaker 1: the it's the reality of things, for sure. So she's missed.

1055
00:53:27,920 --> 00:53:31,840
Speaker 1: I want to know she's missed. It's called miso phonia,

1056
00:53:32,760 --> 00:53:35,520
Speaker 1: misso phonia affects one in five people. What the hell

1057
00:53:35,600 --> 00:53:37,439
Speaker 1: is that? Unless you you know my teas, I said,

1058
00:53:37,440 --> 00:53:39,920
Speaker 1: I'll talk about misophonia coming up. Maybe it's meso or

1059
00:53:39,960 --> 00:53:43,000
Speaker 1: miss so. I think it's mesophoonia M I S O

1060
00:53:43,120 --> 00:53:47,120
Speaker 1: P H O N I A. And it's an aversion

1061
00:53:47,160 --> 00:53:51,279
Speaker 1: to specific sounds like, for example, chewing or sniffing or

1062
00:53:51,320 --> 00:53:53,200
Speaker 1: breathing sounds or whatever. It might be. One in five

1063
00:53:53,239 --> 00:53:56,600
Speaker 1: people suffer from it. I think I kind of do too.

1064
00:53:57,640 --> 00:53:59,360
Speaker 1: And maybe he said, ah, I didn't know there's a

1065
00:53:59,440 --> 00:54:03,560
Speaker 1: name for that. Certain sounds that trigger intense, negative emotional

1066
00:54:03,640 --> 00:54:07,120
Speaker 1: or physical reactions. Some people have feelings of anger or

1067
00:54:07,160 --> 00:54:09,440
Speaker 1: anxiety or disgust panic when you hear one of these

1068
00:54:09,440 --> 00:54:12,359
Speaker 1: trigger sounds, like, for example, if you listen to someone

1069
00:54:12,440 --> 00:54:16,040
Speaker 1: chewing or slurping or lip smacking, or someone who sniffles

1070
00:54:16,080 --> 00:54:19,480
Speaker 1: a lot or breathes heavily or yeah, maybe it can

1071
00:54:19,520 --> 00:54:22,800
Speaker 1: be like a repetitive sound like someone like keyboards tapping

1072
00:54:22,920 --> 00:54:27,040
Speaker 1: or somebody's pen clicking, those kind of things. I think

1073
00:54:27,080 --> 00:54:31,400
Speaker 1: for me, if I had one, I've probably got a few.

1074
00:54:32,040 --> 00:54:32,239
Speaker 3: Now.

1075
00:54:32,360 --> 00:54:35,160
Speaker 1: Clippers are kind of like people go nails on a chalkboard.

1076
00:54:35,160 --> 00:54:38,080
Speaker 1: That's a very common one, but like now clippers for me,

1077
00:54:40,160 --> 00:54:43,879
Speaker 1: when we have ads either on streaming or broadcast or

1078
00:54:43,920 --> 00:54:46,200
Speaker 1: on the radio and someone's whispering like you know what

1079
00:54:46,200 --> 00:54:48,239
Speaker 1: it was that as d R R DA what you

1080
00:54:48,280 --> 00:54:50,720
Speaker 1: know I'm talking about. Like people, it's like a sexual

1081
00:54:50,760 --> 00:54:53,719
Speaker 1: thing for them to hear someone like the microphone holding

1082
00:54:53,840 --> 00:54:56,640
Speaker 1: up eating a taco very close to microphone. You can

1083
00:54:56,680 --> 00:55:00,640
Speaker 1: hear them that like yeah, that that that. It gets

1084
00:55:00,719 --> 00:55:03,600
Speaker 1: under my skin a little bit too. But the problem

1085
00:55:03,600 --> 00:55:07,360
Speaker 1: and maybe it's not full blow and misstlephonia, the reactions

1086
00:55:07,360 --> 00:55:09,719
Speaker 1: are disproportionate to what's going on because normally go, okay,

1087
00:55:09,719 --> 00:55:13,239
Speaker 1: someone's clearing the throat, but your reaction is I want

1088
00:55:13,280 --> 00:55:16,920
Speaker 1: to kill this person. And it's really a thing too.

1089
00:55:17,000 --> 00:55:20,680
Speaker 1: It's diagnosed. Your body responds to it, so you have

1090
00:55:20,760 --> 00:55:23,879
Speaker 1: like it's basically a fight or flight response, and they

1091
00:55:23,920 --> 00:55:25,520
Speaker 1: measured it and you know, your heart rate, your blood

1092
00:55:25,520 --> 00:55:28,080
Speaker 1: pressure can go up. You may have difficulty concentrating, which

1093
00:55:28,080 --> 00:55:30,560
Speaker 1: is the one for me that's more by ADHD than

1094
00:55:30,640 --> 00:55:33,239
Speaker 1: anything else. But if I hear someone doing something repetitive

1095
00:55:33,360 --> 00:55:35,440
Speaker 1: like that and one of those things, it's like that's

1096
00:55:35,480 --> 00:55:39,239
Speaker 1: all you hear the room, and it may lead to

1097
00:55:39,520 --> 00:55:42,600
Speaker 1: strained relationships with people close to you, including family members

1098
00:55:42,680 --> 00:55:45,080
Speaker 1: or spouses for that. And so they say it starts

1099
00:55:45,120 --> 00:55:49,440
Speaker 1: in childhood or early adolescence, and it's more neurological than anything.

1100
00:55:49,520 --> 00:55:51,880
Speaker 1: Not quite sure. They don't understand the exact mechanism of

1101
00:55:51,880 --> 00:55:54,280
Speaker 1: how it comes. But there may be an abnormal connection

1102
00:55:54,320 --> 00:55:58,560
Speaker 1: between what you hear and the limbic system, which is

1103
00:55:58,600 --> 00:56:00,640
Speaker 1: the part of your body the processes of and there

1104
00:56:00,640 --> 00:56:04,400
Speaker 1: may be something that's just disconnected there. And yeah, it

1105
00:56:04,440 --> 00:56:07,080
Speaker 1: can impact your quality of life. And it's one of

1106
00:56:07,080 --> 00:56:10,200
Speaker 1: those things they say, Well, you just simply you can't

1107
00:56:10,200 --> 00:56:12,040
Speaker 1: get over it. So now you know it's a name

1108
00:56:12,080 --> 00:56:14,720
Speaker 1: for something. Maybe you have it, maybe you know someone

1109
00:56:14,719 --> 00:56:17,560
Speaker 1: who does, and now maybe it gives you a greater sense. Now,

1110
00:56:17,760 --> 00:56:24,440
Speaker 1: as far as I know, there is no pharmaceutical concoction

1111
00:56:24,760 --> 00:56:26,960
Speaker 1: yet made to battle. Maybe there is, maybe they're using

1112
00:56:27,040 --> 00:56:29,280
Speaker 1: something off label, but there's I've not seen a commercial

1113
00:56:29,880 --> 00:56:33,160
Speaker 1: where happy people are dancing around a I don't know.

1114
00:56:33,200 --> 00:56:34,840
Speaker 1: It looks like a food court or something like that,

1115
00:56:34,880 --> 00:56:38,319
Speaker 1: an outdoor picnic with all these pretty colors dancing around

1116
00:56:38,360 --> 00:56:41,359
Speaker 1: in circle, singing about the benefits of the drug. It's

1117
00:56:41,360 --> 00:56:44,399
Speaker 1: going to curb your misophonia. Maybe it exists, I'm not sure,

1118
00:56:44,400 --> 00:56:45,960
Speaker 1: but I have not seen the ad for it yet.

1119
00:56:46,480 --> 00:56:48,759
Speaker 1: I'm not sure we will. But now you know what

1120
00:56:48,840 --> 00:56:50,879
Speaker 1: it is, and if you know someone to say, could

1121
00:56:50,880 --> 00:56:53,760
Speaker 1: you not do that? It's not just them being a jerk,

1122
00:56:54,239 --> 00:56:59,240
Speaker 1: is actual science behind. It's just like it's causing them

1123
00:56:59,719 --> 00:57:02,600
Speaker 1: a lot harm and it might be tied to autism.

1124
00:57:03,120 --> 00:57:06,040
Speaker 1: So I don't know. Maybe Tyland Ulstable, I'm not sure.

1125
00:57:06,239 --> 00:57:08,200
Speaker 3: I don't know. I don't know.

1126
00:57:12,280 --> 00:57:13,480
Speaker 1: No on again, I don't If I have time to

1127
00:57:13,480 --> 00:57:15,680
Speaker 1: get in this same I probably should. This is making

1128
00:57:15,719 --> 00:57:19,720
Speaker 1: the rounds on social and I have not seen it

1129
00:57:19,760 --> 00:57:22,000
Speaker 1: in my neighborhood, although I just moved to an neighborhood.

1130
00:57:22,000 --> 00:57:24,840
Speaker 1: Maybe there's there's hope still. How would you handle the situation,

1131
00:57:25,080 --> 00:57:29,160
Speaker 1: because apparently it's a growing thing, a trend of kids

1132
00:57:29,360 --> 00:57:31,920
Speaker 1: this time of year. Halloween's coming up, and what do

1133
00:57:31,920 --> 00:57:33,640
Speaker 1: you hand out at Halloween? You hand out hopefully some

1134
00:57:33,680 --> 00:57:36,000
Speaker 1: candy please, I hope you're not hand on a bucket

1135
00:57:36,040 --> 00:57:39,240
Speaker 1: of change or like an apple still or something like that.

1136
00:57:41,760 --> 00:57:46,080
Speaker 1: There's a trend now of kids expecting full sized candy

1137
00:57:46,120 --> 00:57:50,080
Speaker 1: bars instead of the fun sized candy bars, and some

1138
00:57:50,160 --> 00:57:53,600
Speaker 1: households are spending well over two hundred dollars on that candy.

1139
00:57:54,680 --> 00:57:56,320
Speaker 1: I don't know what my candy budget is, but I

1140
00:57:56,400 --> 00:57:58,680
Speaker 1: know it's not two hundred dollars. I know it's probably

1141
00:57:58,720 --> 00:58:02,600
Speaker 1: not one hundred dollar. But I'm in that place now.

1142
00:58:02,720 --> 00:58:04,160
Speaker 1: I got to ask some neighbors and go, hey, how

1143
00:58:04,240 --> 00:58:07,240
Speaker 1: many kids come rolling by here? Because I don't want

1144
00:58:07,240 --> 00:58:09,240
Speaker 1: to be running out of candy. I want to I

1145
00:58:09,240 --> 00:58:11,120
Speaker 1: don't want to run out of candy. I also don't

1146
00:58:11,120 --> 00:58:13,720
Speaker 1: want to have too much leftover candy because you know

1147
00:58:13,720 --> 00:58:16,360
Speaker 1: what happens to the leftover candy. I eat the candy,

1148
00:58:16,720 --> 00:58:20,439
Speaker 1: and that's a problem. And that's a problem. But I'm

1149
00:58:20,520 --> 00:58:23,280
Speaker 1: just wondering what neighborhood is it where kids are expecting

1150
00:58:24,200 --> 00:58:27,120
Speaker 1: full sized candy bears. I know occasionally there are people

1151
00:58:27,120 --> 00:58:31,360
Speaker 1: that hand out full sized candy bars. Probably a nicer neighborhoods,

1152
00:58:31,400 --> 00:58:33,160
Speaker 1: or unless you know you're the Reese's guy that used

1153
00:58:33,200 --> 00:58:35,479
Speaker 1: to hook us up here and you have an olement

1154
00:58:35,520 --> 00:58:37,600
Speaker 1: supply of Reese as well, you're gonna have out races.

1155
00:58:37,840 --> 00:58:39,720
Speaker 1: I had a neighbor one time that worked I think

1156
00:58:39,800 --> 00:58:42,720
Speaker 1: for the lays like the Potato Chip Company and heat

1157
00:58:42,720 --> 00:58:45,640
Speaker 1: out bags, like, you know, not not the full sized bags,

1158
00:58:45,680 --> 00:58:48,720
Speaker 1: but the lunch bag sizes of chips, which is kind

1159
00:58:48,720 --> 00:58:52,200
Speaker 1: of a nice thing. But now kids are demanding, expecting

1160
00:58:52,320 --> 00:58:55,440
Speaker 1: full sized candy bears and what does that look like. Well,

1161
00:58:55,440 --> 00:58:58,320
Speaker 1: apparently instead of you had them a bag a candy

1162
00:58:58,520 --> 00:59:01,520
Speaker 1: and you had them a you know, Snickers, let's say

1163
00:59:01,560 --> 00:59:05,760
Speaker 1: fun size snickers. Instead of saying thank you, they they're

1164
00:59:05,800 --> 00:59:09,480
Speaker 1: demanding like, well, I don't like that, I don't like that.

1165
00:59:09,560 --> 00:59:12,919
Speaker 1: I want skittles, or do you have nerds? Or yeah,

1166
00:59:12,960 --> 00:59:17,600
Speaker 1: it's not a convenience star. And apparently this has hit

1167
00:59:17,600 --> 00:59:20,520
Speaker 1: a nerve and it's kind of one of those things

1168
00:59:20,520 --> 00:59:22,600
Speaker 1: that's become a buzz on social media that parents and

1169
00:59:22,640 --> 00:59:25,920
Speaker 1: homeowners are saying. Kids are just demanding that you go

1170
00:59:25,960 --> 00:59:27,440
Speaker 1: get you get them the candy that they like, not

1171
00:59:27,520 --> 00:59:29,800
Speaker 1: the one that you're handing out, which you know is

1172
00:59:29,880 --> 00:59:33,760
Speaker 1: reflection back to our parenting that we and we said better.

1173
00:59:33,800 --> 00:59:35,160
Speaker 1: I don't know if it was actually true back in

1174
00:59:35,200 --> 00:59:37,360
Speaker 1: the day. I know, when my mom had cooked dinner,

1175
00:59:37,360 --> 00:59:39,360
Speaker 1: this is what's for dinner, and maybe there's something you

1176
00:59:39,400 --> 00:59:41,200
Speaker 1: didn't like, Well you didn't eat it, or you tried

1177
00:59:41,240 --> 00:59:43,160
Speaker 1: to pretend to eat it. And you'reford, this is what's dinner,

1178
00:59:43,200 --> 00:59:45,280
Speaker 1: and then by the time you're a parent, was like, okay,

1179
00:59:45,440 --> 00:59:47,360
Speaker 1: well this one wants chicken nuggets and this one wants

1180
00:59:47,400 --> 00:59:49,720
Speaker 1: a hot dog, and then okay, I gotta make this

1181
00:59:49,720 --> 00:59:51,919
Speaker 1: for un and it winds up being like a shorter cook.

1182
00:59:53,200 --> 00:59:54,920
Speaker 1: But we are the parents that let them down this.

1183
00:59:54,960 --> 00:59:57,360
Speaker 1: So I can't help but think that if this is that,

1184
00:59:57,840 --> 01:00:00,240
Speaker 1: this is what we set ourselves up for. Now kids

1185
01:00:00,240 --> 01:00:02,600
Speaker 1: are making it. Rather than being happy they're getting candy

1186
01:00:02,640 --> 01:00:04,760
Speaker 1: at Halloween, which is a one day a year kind

1187
01:00:04,760 --> 01:00:08,600
Speaker 1: of thing outside of maybe Easter. Now they're actually making

1188
01:00:08,640 --> 01:00:11,479
Speaker 1: requests for what it is that should be in their bag.

1189
01:00:11,600 --> 01:00:13,640
Speaker 1: And I'm sorry, you know how I deal with that.

1190
01:00:13,920 --> 01:00:16,120
Speaker 1: I wouldn't be like, well, I think it was. I

1191
01:00:16,160 --> 01:00:18,080
Speaker 1: was reading the story. It's like Kelly Ripper or somebody

1192
01:00:18,120 --> 01:00:21,200
Speaker 1: was talking about this on their show and said that

1193
01:00:21,280 --> 01:00:24,440
Speaker 1: now they're going to hand out opaque bag so the

1194
01:00:24,480 --> 01:00:26,520
Speaker 1: kids can't choose. Like, here's a bag and there's candy

1195
01:00:26,520 --> 01:00:28,640
Speaker 1: in it, So good luck with that, whatever it is.

1196
01:00:28,720 --> 01:00:32,640
Speaker 1: You open it later, like you know what, Now on

1197
01:00:32,680 --> 01:00:34,880
Speaker 1: top of the two hundred dollars, I gotta put each

1198
01:00:34,920 --> 01:00:37,800
Speaker 1: piece of candy in a bag because this dipstick from

1199
01:00:37,840 --> 01:00:40,640
Speaker 1: up the street doesn't like Snickers or Hershey's or whatever.

1200
01:00:40,640 --> 01:00:44,160
Speaker 1: It is the easy way to solve that. Now you

1201
01:00:44,160 --> 01:00:47,520
Speaker 1: don't get none, you get nothing. Oh yeah, you're right,

1202
01:00:47,520 --> 01:00:50,800
Speaker 1: I only have Snickers. Well I don't like Snickers. Okay,

1203
01:00:50,880 --> 01:00:55,160
Speaker 1: well guess what I do? See yah? Now, if they're

1204
01:00:55,200 --> 01:00:59,040
Speaker 1: persistent little craps, I mean I suppose you could tell

1205
01:00:59,040 --> 01:01:01,320
Speaker 1: them depending on the age, No, that's what we have here.

1206
01:01:01,320 --> 01:01:02,680
Speaker 1: If you don't like, you don't have to take one,

1207
01:01:02,720 --> 01:01:05,680
Speaker 1: it's fine. Or maybe give it to your brother or sister.

1208
01:01:05,760 --> 01:01:07,640
Speaker 1: I'm sure your mom and dad eat or something like that.

1209
01:01:07,720 --> 01:01:09,840
Speaker 1: It's it's fine. I don't think i've ever had that

1210
01:01:09,880 --> 01:01:13,840
Speaker 1: where the kid's like what is that? That's terrible because

1211
01:01:13,880 --> 01:01:16,160
Speaker 1: generally it's like, you know, we tend to do I

1212
01:01:16,160 --> 01:01:18,880
Speaker 1: don't know whatever, I know, kiss with the fruit, flaffored

1213
01:01:18,920 --> 01:01:21,080
Speaker 1: stuff whatever. You're not gonna keep everybody happy. There's a

1214
01:01:21,160 --> 01:01:23,080
Speaker 1: lesson for you there, right. If you're kind of old

1215
01:01:23,080 --> 01:01:25,760
Speaker 1: school like me, like, you're not gonna keep everybody happy.

1216
01:01:25,760 --> 01:01:27,080
Speaker 1: You're not gonna get what you want all the time.

1217
01:01:27,120 --> 01:01:30,480
Speaker 1: This is not how life works. Rather than grateful and thankful,

1218
01:01:30,520 --> 01:01:32,560
Speaker 1: it's like, you know, I don't have to give you candy, right.

1219
01:01:32,800 --> 01:01:35,240
Speaker 1: You know this is there's no written contract anywhere it

1220
01:01:35,240 --> 01:01:37,440
Speaker 1: says on Halloween, I have to open my door and

1221
01:01:37,520 --> 01:01:41,760
Speaker 1: give your unappreciative little little smart ass anything for that matter.

1222
01:01:42,160 --> 01:01:43,760
Speaker 1: Matter of fact, hold on a second, reach down to

1223
01:01:43,760 --> 01:01:45,960
Speaker 1: her bucket. I'm taking candy because you're such a jerk.

1224
01:01:47,320 --> 01:01:51,720
Speaker 1: That's not a message. Who's next? Let the word get

1225
01:01:51,720 --> 01:01:53,760
Speaker 1: around in the neighborhood. Sloan's not to be messed with.

1226
01:01:53,840 --> 01:01:56,400
Speaker 1: Churse my house, just say my house to be called

1227
01:01:56,440 --> 01:01:59,200
Speaker 1: recovered in toilet paper. But that's probably got today. A

1228
01:01:59,240 --> 01:02:05,720
Speaker 1: kid's probably more like just to shoot you. Wait a minute,

1229
01:02:05,720 --> 01:02:07,440
Speaker 1: we used to tepee and soap, so, you know, let

1230
01:02:07,440 --> 01:02:09,680
Speaker 1: the air out of somebody's carts. Something like a flaming

1231
01:02:09,960 --> 01:02:11,560
Speaker 1: bag of dog crap on the front of No. No,

1232
01:02:11,680 --> 01:02:13,640
Speaker 1: I just get like a dry bile to light my

1233
01:02:13,680 --> 01:02:16,520
Speaker 1: house up with an ak Why because I gave them

1234
01:02:16,520 --> 01:02:20,280
Speaker 1: a Hershey's instead of a Snickers. And some people are

1235
01:02:20,400 --> 01:02:23,760
Speaker 1: reporting that those who leave candy out, you know the

1236
01:02:23,800 --> 01:02:26,960
Speaker 1: honor bar system, sometimes find everything stolen. I've kind of

1237
01:02:26,960 --> 01:02:28,800
Speaker 1: heard of that as well. I wonder if it's the

1238
01:02:28,840 --> 01:02:31,000
Speaker 1: little kids and not just like the big kids. Somebody

1239
01:02:31,000 --> 01:02:33,840
Speaker 1: being stupid, But why would you steal like you put

1240
01:02:33,840 --> 01:02:35,560
Speaker 1: the you put a bowl of candy out there, they

1241
01:02:35,640 --> 01:02:38,720
Speaker 1: take the bowl and everything, and in some cases are

1242
01:02:38,760 --> 01:02:41,960
Speaker 1: committing vandalism. So I just I don't understand that. The

1243
01:02:42,040 --> 01:02:44,600
Speaker 1: lack of I guess we would call that manners just

1244
01:02:44,680 --> 01:02:46,960
Speaker 1: kind of a broader failure to teach kids manners and

1245
01:02:47,000 --> 01:02:49,440
Speaker 1: gratitude and being thingful and mindful of all those things

1246
01:02:49,440 --> 01:02:52,480
Speaker 1: that later in life we wished we had but we don't.

1247
01:02:52,560 --> 01:02:55,200
Speaker 1: So I don't know. I just wonder how many neighborhoods

1248
01:02:55,200 --> 01:02:58,680
Speaker 1: that's actually occurring in as to where the kids are

1249
01:02:58,720 --> 01:03:01,320
Speaker 1: demanding full sized candy birds. I can't imagine a lot

1250
01:03:01,360 --> 01:03:03,840
Speaker 1: of places around so, because again I bring this back

1251
01:03:03,840 --> 01:03:06,360
Speaker 1: to Calli Rippa, I'm guessing that I don't know if

1252
01:03:06,400 --> 01:03:08,480
Speaker 1: Kelli Rippa or maybe one of her man servants are

1253
01:03:08,480 --> 01:03:10,240
Speaker 1: the ones handing the candy out and she's getting the

1254
01:03:10,240 --> 01:03:14,960
Speaker 1: second or third hand. I'm not sure. However, I wonder

1255
01:03:14,960 --> 01:03:17,320
Speaker 1: how many places around Cincinnati where this is actually happening,

1256
01:03:17,520 --> 01:03:19,640
Speaker 1: because I would love to hear that one or demanding

1257
01:03:19,720 --> 01:03:21,840
Speaker 1: full sized candy bars. You'd lose your mind if you

1258
01:03:21,880 --> 01:03:23,320
Speaker 1: went to a house and the candy to a full

1259
01:03:23,320 --> 01:03:26,160
Speaker 1: sized candy bear. I don't know how we communicated as

1260
01:03:26,240 --> 01:03:28,760
Speaker 1: kids back in the day, but it take about five

1261
01:03:28,840 --> 01:03:31,400
Speaker 1: minutes for the entire neighborhood to know that this house

1262
01:03:31,480 --> 01:03:34,560
Speaker 1: is handing out full sized candy bars. And we didn't

1263
01:03:34,600 --> 01:03:36,320
Speaker 1: have cell phones, you know, like texting your buddies and

1264
01:03:36,360 --> 01:03:38,160
Speaker 1: everything else. I don't know how the words spread, but

1265
01:03:38,240 --> 01:03:41,160
Speaker 1: the word spread like literally within a few minutes the

1266
01:03:41,200 --> 01:03:43,080
Speaker 1: whole it was around the neighborhood. I just I have

1267
01:03:43,160 --> 01:03:46,280
Speaker 1: no idea how we how what our chaining communication was then.

1268
01:03:46,960 --> 01:03:50,280
Speaker 1: It was probably like a game of telephone. But still

1269
01:03:50,320 --> 01:03:53,440
Speaker 1: it was still remarkably fast. As I recall, remarkably fast.

1270
01:03:53,640 --> 01:03:56,120
Speaker 1: It's slowly on the Big One seven hundred WLW coming

1271
01:03:56,200 --> 01:03:58,720
Speaker 1: up at eleven oh seven on the show, Kirk Couchman

1272
01:03:58,800 --> 01:04:01,680
Speaker 1: is here from Americans for Prosperity. And as I watched

1273
01:04:01,680 --> 01:04:05,560
Speaker 1: speaker Johnson and my notored speaker Jeffrey speak, and I again,

1274
01:04:05,560 --> 01:04:08,200
Speaker 1: I don't know hear what they're saying. I don't know

1275
01:04:08,240 --> 01:04:09,440
Speaker 1: what the words will come out of their mouth, but

1276
01:04:09,440 --> 01:04:11,200
Speaker 1: it probably was a lot of blah blah blah about

1277
01:04:11,200 --> 01:04:13,640
Speaker 1: the shutdown that's going to continue with knowing insight while

1278
01:04:13,680 --> 01:04:15,800
Speaker 1: the other side is wrong and we're right. Democrats are

1279
01:04:15,840 --> 01:04:18,760
Speaker 1: digging their heels and over healthcare, Republicans are digging their

1280
01:04:18,760 --> 01:04:20,400
Speaker 1: heels in and saying, well, they're the ones who shut

1281
01:04:20,400 --> 01:04:22,400
Speaker 1: it down because they want to hold this hostage. And

1282
01:04:22,600 --> 01:04:24,520
Speaker 1: I'm not quite sure who's right or who's wrong on this.

1283
01:04:24,600 --> 01:04:27,440
Speaker 1: If you're dining the Will red or did Ina will blue,

1284
01:04:27,480 --> 01:04:30,160
Speaker 1: you're siding with your team. Yeah, my team. Great. What

1285
01:04:30,200 --> 01:04:32,680
Speaker 1: it gets is it's course more deficit, more spending. And

1286
01:04:32,680 --> 01:04:35,120
Speaker 1: that's the thing that kills us all is it. The

1287
01:04:35,160 --> 01:04:37,840
Speaker 1: longer and the more often we shut governments down, the

1288
01:04:37,840 --> 01:04:40,600
Speaker 1: more money it costs us, which of course drives up

1289
01:04:40,640 --> 01:04:44,320
Speaker 1: inflation of Couse, the money goes up, the chance of

1290
01:04:44,400 --> 01:04:48,000
Speaker 1: us becoming insolvent gets closer and closer, meaning we're what

1291
01:04:48,080 --> 01:04:50,600
Speaker 1: thirty seven trillion dollars plus in debt and that clock

1292
01:04:50,680 --> 01:04:52,520
Speaker 1: is ticking. Every day we shut the government down, it

1293
01:04:52,560 --> 01:04:54,320
Speaker 1: adds a trillion and a half to it. So we

1294
01:04:54,320 --> 01:04:56,080
Speaker 1: can keep it over seven weeks and do it all

1295
01:04:56,080 --> 01:04:57,560
Speaker 1: over again. So that makes sense to you, It doesn't

1296
01:04:57,600 --> 01:05:00,560
Speaker 1: make sense to anybody I know, And I don't know

1297
01:05:00,600 --> 01:05:02,360
Speaker 1: how you can root one side or the other saying yeah,

1298
01:05:02,360 --> 01:05:03,800
Speaker 1: they're doing the right thing, you're not doing the right

1299
01:05:04,360 --> 01:05:07,880
Speaker 1: there's irresponds enough irresponsibile to go around his proposals. Many

1300
01:05:07,920 --> 01:05:10,200
Speaker 1: are so why don't we just have a balanced budget amendment?

1301
01:05:10,240 --> 01:05:12,120
Speaker 1: I think the closest we were to this was I

1302
01:05:12,160 --> 01:05:15,160
Speaker 1: want to say, in the mid nineties, and we just

1303
01:05:15,240 --> 01:05:17,600
Speaker 1: couldn't get it over the line. Now, the argument against us,

1304
01:05:17,640 --> 01:05:19,760
Speaker 1: of course, would be, well, what happens if something big?

1305
01:05:19,880 --> 01:05:21,640
Speaker 1: What happens if we have COVID? We got to borrow

1306
01:05:21,680 --> 01:05:24,439
Speaker 1: money in order to pay people not to work, which

1307
01:05:24,440 --> 01:05:26,400
Speaker 1: I'm silly now, but during COVID it made sense at

1308
01:05:26,480 --> 01:05:28,240
Speaker 1: least for you know, a period of months, Like you,

1309
01:05:28,760 --> 01:05:30,000
Speaker 1: we don't know what's going on here, we're going to

1310
01:05:30,000 --> 01:05:32,400
Speaker 1: shut it all down. That was an emergency. War in

1311
01:05:32,440 --> 01:05:35,520
Speaker 1: a number we get attacked September eleventh attack, Okay, that's

1312
01:05:35,520 --> 01:05:39,760
Speaker 1: an emergency. We may need to borrow some money. Well this,

1313
01:05:39,760 --> 01:05:43,440
Speaker 1: this hurts that effort. If indeed we continue on the

1314
01:05:43,440 --> 01:05:45,160
Speaker 1: path we are of course the cry as well if

1315
01:05:45,160 --> 01:05:47,160
Speaker 1: we have a balance, but that means we can't borrow them.

1316
01:05:47,160 --> 01:05:49,200
Speaker 1: I think there's a workaround for that. I really do,

1317
01:05:49,880 --> 01:05:52,360
Speaker 1: I really do, And We'll get to Kurt Couchman about

1318
01:05:52,360 --> 01:05:54,400
Speaker 1: that in just a few minutes. Here right after news

1319
01:05:54,480 --> 01:05:56,640
Speaker 1: at eleven o six on the Scotsland Show on seven

1320
01:05:56,720 --> 01:05:59,720
Speaker 1: hundred WW on the Halloween candy thing. Nancy here on

1321
01:05:59,720 --> 01:06:00,000
Speaker 1: the show.

1322
01:06:00,040 --> 01:06:05,000
Speaker 9: Good morning, Okay, good morning sun. What are your thoughts

1323
01:06:05,000 --> 01:06:07,480
Speaker 9: on treats instead of candy?

1324
01:06:07,640 --> 01:06:08,000
Speaker 3: What do you mean?

1325
01:06:08,080 --> 01:06:08,680
Speaker 1: What's a treat?

1326
01:06:08,800 --> 01:06:08,920
Speaker 3: Like?

1327
01:06:09,080 --> 01:06:11,520
Speaker 1: Are you talking about like not candy corn? Like like

1328
01:06:11,640 --> 01:06:16,240
Speaker 1: not a candy bar? But what what are we talking? Cupcake? Cookie?

1329
01:06:17,080 --> 01:06:17,160
Speaker 2: No?

1330
01:06:17,600 --> 01:06:20,160
Speaker 9: I know, not not home big goods, right, but like

1331
01:06:20,720 --> 01:06:23,840
Speaker 9: trink it's like the leftover things you have to buy

1332
01:06:23,920 --> 01:06:27,600
Speaker 9: for your kid's birthday party, little favors, things like that.

1333
01:06:28,160 --> 01:06:29,800
Speaker 1: I don't think those are bad. I don't think. I mean,

1334
01:06:29,840 --> 01:06:31,560
Speaker 1: if it's a decent one, I don't think it's if

1335
01:06:31,600 --> 01:06:34,400
Speaker 1: it's the if it's the really cheap spider ring, you

1336
01:06:34,400 --> 01:06:36,160
Speaker 1: know what I'm talking about? That that's a no go.

1337
01:06:36,320 --> 01:06:40,280
Speaker 1: But something decent, Yeah, I go for that. Yeah it's

1338
01:06:40,280 --> 01:06:41,440
Speaker 1: got Now what do you got to mind?

1339
01:06:41,440 --> 01:06:41,840
Speaker 3: What do you got?

1340
01:06:41,920 --> 01:06:44,120
Speaker 1: What if I come to your house Nancy dressed as

1341
01:06:44,160 --> 01:06:47,280
Speaker 1: a spider Man or I don't know, maybe I'm gonna

1342
01:06:47,280 --> 01:06:49,400
Speaker 1: go as Taylor Swift. This year, I haven't decided what

1343
01:06:49,440 --> 01:06:50,400
Speaker 1: would you put in my bag?

1344
01:06:52,920 --> 01:06:53,800
Speaker 2: Well, I don't know.

1345
01:06:53,960 --> 01:06:56,840
Speaker 9: Like I had all these leftover birthday favors and things

1346
01:06:56,920 --> 01:06:59,400
Speaker 9: last year, so I set them out on one side

1347
01:06:59,400 --> 01:07:01,200
Speaker 9: and I said hand be out on the other side,

1348
01:07:01,240 --> 01:07:02,920
Speaker 9: and I let the kids choose but sad to take

1349
01:07:03,000 --> 01:07:06,800
Speaker 9: whatever you want. And it was astonishing. Almost every kid

1350
01:07:06,880 --> 01:07:11,120
Speaker 9: chose the small toy or trinket, you know. Like one

1351
01:07:11,160 --> 01:07:13,320
Speaker 9: thing was like that balloon that has a rubber band

1352
01:07:13,360 --> 01:07:15,360
Speaker 9: on it. You blow it up and then you punch it.

1353
01:07:15,640 --> 01:07:20,960
Speaker 1: Oh yeah, yeah, my house. He lost it, all right,

1354
01:07:21,000 --> 01:07:23,520
Speaker 1: that's pretty cool. So what what was a candy option?

1355
01:07:23,560 --> 01:07:23,760
Speaker 3: Though?

1356
01:07:26,760 --> 01:07:27,880
Speaker 5: You know, a typical mix.

1357
01:07:28,000 --> 01:07:30,280
Speaker 9: I like to do a suffer like a blow pop

1358
01:07:30,360 --> 01:07:32,680
Speaker 9: and some skittle. I don't make the chocolate and the

1359
01:07:32,800 --> 01:07:35,640
Speaker 9: and the flavored candy together because it makes it all taste.

1360
01:07:35,920 --> 01:07:37,880
Speaker 1: Yeah, yeah, yeah, I get that. Yeah, Okay, So that's

1361
01:07:37,920 --> 01:07:39,960
Speaker 1: a good I mean, that's a it's a buffet. You

1362
01:07:40,000 --> 01:07:42,440
Speaker 1: gave kids a selection. Did any kid complain that you

1363
01:07:42,440 --> 01:07:43,800
Speaker 1: didn't have a full sized candy bar?

1364
01:07:45,760 --> 01:07:49,120
Speaker 9: No, but the parents said no, absolutely not Halloween, it's

1365
01:07:49,240 --> 01:07:50,520
Speaker 9: for cans.

1366
01:07:50,000 --> 01:07:54,480
Speaker 1: And put the parents. The parents complained that you were

1367
01:07:54,480 --> 01:07:56,320
Speaker 1: handing out Chotsky's instead of candy.

1368
01:07:58,880 --> 01:08:01,760
Speaker 5: Yeah, it was unbelieve And so I don't know. You're right,

1369
01:08:01,800 --> 01:08:02,560
Speaker 5: it's the parenting.

1370
01:08:02,640 --> 01:08:05,200
Speaker 6: We're said in the example here, So I don't know.

1371
01:08:05,360 --> 01:08:07,160
Speaker 1: You know, I did the same thing this year. Nancy

1372
01:08:07,200 --> 01:08:09,120
Speaker 1: had a little experiment for it. Do the same thing

1373
01:08:09,200 --> 01:08:11,640
Speaker 1: here and and said, and when a parent complaints, say,

1374
01:08:11,640 --> 01:08:14,400
Speaker 1: guess what you tell the kid, because because your parent

1375
01:08:14,520 --> 01:08:18,120
Speaker 1: was rude and mean, you're not getting any candy. Turn

1376
01:08:18,160 --> 01:08:19,800
Speaker 1: that thing around on them.

1377
01:08:20,000 --> 01:08:25,120
Speaker 9: Oh no, it's a happy Halloween for all right.

1378
01:08:25,200 --> 01:08:30,320
Speaker 1: I don't know, but adult, your parents cost your candy.

1379
01:08:30,400 --> 01:08:32,280
Speaker 1: Nancy put it on them, make them say you know

1380
01:08:32,400 --> 01:08:34,160
Speaker 1: what you want that? Have them go take them to

1381
01:08:34,160 --> 01:08:35,720
Speaker 1: the store. Now get out of here before I turn

1382
01:08:35,760 --> 01:08:43,040
Speaker 1: the sprinkler on you. I like happy, happy Halloween kids,

1383
01:08:43,240 --> 01:08:46,800
Speaker 1: not get the hell out of here. Scott's shoe. One

1384
01:08:46,840 --> 01:08:49,439
Speaker 1: of the best Bengals coverage we got Thursday night football

1385
01:08:49,479 --> 01:08:51,120
Speaker 1: in town here at pay Corps and you'll hear it.

1386
01:08:51,280 --> 01:08:52,920
Speaker 1: I don't know what the best Bengals coverage seven hundred

1387
01:08:53,000 --> 01:08:53,879
Speaker 1: w W Since.

1388
01:08:53,920 --> 01:08:56,120
Speaker 2: You want to be an American.

1389
01:08:56,760 --> 01:09:02,520
Speaker 1: Sony back on seven hundred WLW four thousand layoffs. Democrats

1390
01:09:02,880 --> 01:09:06,360
Speaker 1: railed against House Speaker Mike Johnson on Friday canceled another

1391
01:09:06,360 --> 01:09:10,000
Speaker 1: week of House votes. We had the ongoing government shutdown,

1392
01:09:10,000 --> 01:09:12,519
Speaker 1: of course, and more political theater and again, and this

1393
01:09:12,600 --> 01:09:15,760
Speaker 1: is uncomfortable for people who fly. If you want to

1394
01:09:15,800 --> 01:09:18,519
Speaker 1: go to a national park. Hell, if you're a federal employee,

1395
01:09:18,520 --> 01:09:21,080
Speaker 1: you're scared. I get that. That is the real consequence

1396
01:09:21,120 --> 01:09:24,080
Speaker 1: of all this silliness that's going on. But largely it's

1397
01:09:24,080 --> 01:09:28,360
Speaker 1: all theatrics. It's all theatrics, because we could solve this

1398
01:09:28,439 --> 01:09:30,519
Speaker 1: thing if we really really wanted to, and that would

1399
01:09:30,520 --> 01:09:33,400
Speaker 1: be those we send to Washington, DC. They'd rather fight,

1400
01:09:33,560 --> 01:09:35,280
Speaker 1: draw a line in the sand, and then stand for

1401
01:09:35,320 --> 01:09:37,240
Speaker 1: the people who fill their coffers with money so they

1402
01:09:37,280 --> 01:09:39,920
Speaker 1: can get elected and re elected. And meanwhile, the rest

1403
01:09:39,920 --> 01:09:42,360
Speaker 1: of America as a whole suffers because we're over thirty

1404
01:09:42,360 --> 01:09:45,160
Speaker 1: seven trillion dollars in debt right now. That number continues

1405
01:09:45,200 --> 01:09:48,120
Speaker 1: to grow. This would add like another trillion and a

1406
01:09:48,160 --> 01:09:51,240
Speaker 1: half to the debt if Democrats got what they want

1407
01:09:51,280 --> 01:09:53,240
Speaker 1: to keep the government open for another seven weeks, when

1408
01:09:53,280 --> 01:09:55,160
Speaker 1: we'll do it all over again. There's got to be

1409
01:09:55,200 --> 01:09:58,360
Speaker 1: a way to fix this on that Kurt Couchman, Kurt

1410
01:09:58,520 --> 01:10:01,920
Speaker 1: is a senior fiscal policy follow Americans for Prosperity. Welcome

1411
01:10:01,920 --> 01:10:02,880
Speaker 1: to the show, Kurt. How are you.

1412
01:10:04,000 --> 01:10:06,200
Speaker 7: Good morning, Scott. I'm doing well. How are you.

1413
01:10:06,320 --> 01:10:09,360
Speaker 1: I'm doing I'm all right. It's you know, the problem is,

1414
01:10:09,400 --> 01:10:11,880
Speaker 1: it's not the heat, it's the stupidity this whole Dan.

1415
01:10:11,960 --> 01:10:15,160
Speaker 1: We've talked about this before, and it's nothing but mindless

1416
01:10:15,200 --> 01:10:18,920
Speaker 1: political theater, imposturing and gesturing and who's going to blink first?

1417
01:10:18,960 --> 01:10:21,479
Speaker 1: And you know, if Democrats are saying, hell, yeah, we

1418
01:10:21,520 --> 01:10:23,760
Speaker 1: got to have affordable health care, and Republicans are yees,

1419
01:10:23,800 --> 01:10:26,200
Speaker 1: stick it to the Dems, make a lib cry, and meanwhile,

1420
01:10:26,600 --> 01:10:28,360
Speaker 1: the rest of the country, the eighty percent of us

1421
01:10:28,400 --> 01:10:31,320
Speaker 1: who aren't engaged in that stupidity and pettiness, look at

1422
01:10:31,360 --> 01:10:33,040
Speaker 1: it and go, what the hell are we doing over here?

1423
01:10:34,000 --> 01:10:37,360
Speaker 1: Healthcare costs are extremely out of control. You you want

1424
01:10:37,400 --> 01:10:41,880
Speaker 1: to extend the Obamacare Americans, the ACA and basically take

1425
01:10:41,920 --> 01:10:44,000
Speaker 1: money from Pile A and transfer it to Pile B

1426
01:10:44,520 --> 01:10:47,519
Speaker 1: because it, yeah, okay, there's people who can't afford that.

1427
01:10:47,560 --> 01:10:49,360
Speaker 1: I people in my family, people I know that can't

1428
01:10:49,360 --> 01:10:52,120
Speaker 1: afford healthcare and need that money in order to make

1429
01:10:52,120 --> 01:10:54,240
Speaker 1: their payments able to afford healthcare. I get that, but

1430
01:10:55,040 --> 01:10:58,200
Speaker 1: why are we subsidized. It's not affordable healthcare. That's a

1431
01:10:58,240 --> 01:11:00,880
Speaker 1: scammin and of itself. We're just subs it more and

1432
01:11:00,880 --> 01:11:03,120
Speaker 1: making it look like it's cheap. It's still our money.

1433
01:11:03,160 --> 01:11:06,400
Speaker 1: We're still borrowing it, and we're drowning in debt each

1434
01:11:06,439 --> 01:11:08,840
Speaker 1: and every day. And the simple solution to this maybe

1435
01:11:08,840 --> 01:11:11,679
Speaker 1: not so simple as just simply balance the budget and staff.

1436
01:11:11,720 --> 01:11:14,720
Speaker 1: These silly continued resolutions do nothing but cause us to

1437
01:11:14,720 --> 01:11:15,559
Speaker 1: borrow more money.

1438
01:11:17,000 --> 01:11:19,479
Speaker 7: Well, there's a lot to impact there. Yeah, healthcare is

1439
01:11:19,600 --> 01:11:22,519
Speaker 7: far too expensive in this country. Health insurance it's too expensive.

1440
01:11:22,560 --> 01:11:24,599
Speaker 7: A lot of it is because there's just so much

1441
01:11:24,640 --> 01:11:29,280
Speaker 7: bureaucracy stained between patients and medical providers. And what the

1442
01:11:29,320 --> 01:11:32,320
Speaker 7: Democratic position in Congress right now is, let's just paper

1443
01:11:32,360 --> 01:11:34,680
Speaker 7: that over throw more money as a problem. Let's not

1444
01:11:34,760 --> 01:11:38,000
Speaker 7: deal with the underlying regulations, bad incentives, and all of

1445
01:11:38,000 --> 01:11:42,560
Speaker 7: that that are making care less high quality, less affordable,

1446
01:11:43,080 --> 01:11:45,920
Speaker 7: less accessible. There's waiting lists in a lot of places,

1447
01:11:45,960 --> 01:11:49,200
Speaker 7: and that's really unfortunate. So we do need to tackle

1448
01:11:49,240 --> 01:11:55,160
Speaker 7: the underlying drivers of healthcare cost explosion. In terms of

1449
01:11:55,200 --> 01:11:57,360
Speaker 7: fixing the budget, there's a whole lot of pieces there

1450
01:11:57,400 --> 01:11:59,800
Speaker 7: as well. I mean, we didn't even have shut down

1451
01:12:00,160 --> 01:12:03,200
Speaker 7: Jimmy Carter created them, and we have a process that's

1452
01:12:03,280 --> 01:12:05,439
Speaker 7: just a quarter of spending. So you wonder why it

1453
01:12:05,439 --> 01:12:08,559
Speaker 7: doesn't work, it's because Congress doesn't even do a real budget.

1454
01:12:08,640 --> 01:12:11,519
Speaker 7: So there's all these different pieces. But right now, we've

1455
01:12:11,520 --> 01:12:14,519
Speaker 7: got to end this shutdown by getting the Senator pass

1456
01:12:14,720 --> 01:12:16,360
Speaker 7: the clean cr and then we can have all the

1457
01:12:16,400 --> 01:12:18,320
Speaker 7: conversations about how do we fix the place, how do

1458
01:12:18,360 --> 01:12:19,519
Speaker 7: we fix health care and all that.

1459
01:12:20,080 --> 01:12:23,160
Speaker 1: Well, politically, if both sides benefit from a shutdown, depending

1460
01:12:23,200 --> 01:12:25,360
Speaker 1: on Hoo's doing the shutting down and who's perceived to

1461
01:12:25,360 --> 01:12:29,320
Speaker 1: be shutting the government down, then they'll never eliminate and

1462
01:12:29,360 --> 01:12:32,360
Speaker 1: never solve this problem because it's it's a way for

1463
01:12:32,400 --> 01:12:34,559
Speaker 1: them to gain attention. Why would they get rid of

1464
01:12:34,560 --> 01:12:35,880
Speaker 1: something that works for them.

1465
01:12:36,640 --> 01:12:39,720
Speaker 7: Yeah, I mean, at some point it's going to become unbearable.

1466
01:12:40,120 --> 01:12:42,720
Speaker 7: There are a number of people that are continuing to work.

1467
01:12:42,960 --> 01:12:46,160
Speaker 7: I saw somewhere that seventy two percent of federal employees

1468
01:12:46,200 --> 01:12:48,679
Speaker 7: are continuing to work now they can't get paid until

1469
01:12:48,680 --> 01:12:52,960
Speaker 7: the shutdown's over. But the White House is trying to

1470
01:12:53,240 --> 01:12:56,679
Speaker 7: dial up the pain on things that are particularly salient

1471
01:12:57,040 --> 01:13:00,760
Speaker 7: to the Democratic senators that need to vote for this thing.

1472
01:13:00,840 --> 01:13:04,840
Speaker 7: So canceling infrastructure grants and energy grants and that kind

1473
01:13:04,840 --> 01:13:08,360
Speaker 7: of thing. There are bigger conversations that need to be had,

1474
01:13:08,439 --> 01:13:10,600
Speaker 7: but again, we need to fix it. We need to

1475
01:13:10,600 --> 01:13:14,080
Speaker 7: get the government opened again, because the longer this goes on,

1476
01:13:14,320 --> 01:13:16,280
Speaker 7: there are things that we do need in the long

1477
01:13:16,360 --> 01:13:20,240
Speaker 7: run that maybe aren't immediately so important, that start to

1478
01:13:20,280 --> 01:13:22,200
Speaker 7: fall by the wayside. There's a lot of permits that

1479
01:13:22,240 --> 01:13:24,439
Speaker 7: don't get issued when the federal government shut down like this.

1480
01:13:24,760 --> 01:13:28,120
Speaker 7: There's one guy over the Treasury Department who approves all

1481
01:13:28,240 --> 01:13:31,439
Speaker 7: new beer and wine labels apparently, and so you've got,

1482
01:13:31,680 --> 01:13:34,120
Speaker 7: you know, beer that's going to go bad and the

1483
01:13:34,240 --> 01:13:38,040
Speaker 7: losses to the brewers if these labels don't start getting approved.

1484
01:13:38,520 --> 01:13:38,680
Speaker 3: Right.

1485
01:13:39,120 --> 01:13:41,160
Speaker 1: Curt on that too. We've i think talked about this

1486
01:13:41,240 --> 01:13:43,120
Speaker 1: in the past, but what would that look like? How

1487
01:13:43,160 --> 01:13:46,280
Speaker 1: easy or hard would it be to balance the budget?

1488
01:13:46,320 --> 01:13:48,479
Speaker 1: Require that the budget be balanced? I know, if you

1489
01:13:48,520 --> 01:13:50,960
Speaker 1: go back to ninety five, we're really really close on

1490
01:13:51,000 --> 01:13:52,719
Speaker 1: this thing and have grown apart ever since.

1491
01:13:54,080 --> 01:13:56,960
Speaker 7: Yeah, we Congress almost did pass the balance budget Amendment

1492
01:13:57,240 --> 01:13:59,920
Speaker 7: in nineteen ninety five, have passed the House you need

1493
01:14:00,000 --> 01:14:01,600
Speaker 7: you need two hundred and ninety votes to get to

1494
01:14:01,600 --> 01:14:03,640
Speaker 7: two thirds, and they have three hundred. And then it

1495
01:14:03,680 --> 01:14:05,760
Speaker 7: went to the Senate and failed by one vote. It

1496
01:14:05,800 --> 01:14:08,240
Speaker 7: turns out there are actually a lot of problems with

1497
01:14:08,840 --> 01:14:12,280
Speaker 7: that version of a balance budget amendment proposal. I talk

1498
01:14:12,320 --> 01:14:15,120
Speaker 7: about that in my book Fistful Democracy in America, and

1499
01:14:15,160 --> 01:14:18,759
Speaker 7: I also talk about new versions of DBAs that actually

1500
01:14:19,200 --> 01:14:21,439
Speaker 7: are better, much better, don't have the problems of the

1501
01:14:21,479 --> 01:14:25,360
Speaker 7: old versions. And the next time the balance budget amendment

1502
01:14:25,360 --> 01:14:28,360
Speaker 7: becomes a hot topic, then maybe we've actually got a shot.

1503
01:14:28,920 --> 01:14:31,000
Speaker 7: And then in addition to that, there's you know, fixing

1504
01:14:31,040 --> 01:14:34,120
Speaker 7: the underlying process so that Congress has enough dials that

1505
01:14:34,160 --> 01:14:36,839
Speaker 7: it can turn, so that it can actually reach balance,

1506
01:14:37,080 --> 01:14:39,200
Speaker 7: stay in balance, and do it in a way that

1507
01:14:39,479 --> 01:14:43,400
Speaker 7: is politically survivable for members of Congress because you know,

1508
01:14:43,680 --> 01:14:46,280
Speaker 7: they want to get reelected, so they've got to be

1509
01:14:46,280 --> 01:14:47,479
Speaker 7: able to do both right.

1510
01:14:47,720 --> 01:14:49,679
Speaker 1: One of the cries would be, well, wait a minute,

1511
01:14:49,680 --> 01:14:52,040
Speaker 1: what if we fall to and emerge. For example, COVID

1512
01:14:52,120 --> 01:14:53,640
Speaker 1: hits like we had another COVID right now, it's not

1513
01:14:53,680 --> 01:14:56,639
Speaker 1: that coming. COVID shouts everything down. We have to pay

1514
01:14:56,680 --> 01:14:59,120
Speaker 1: people not to work, which is a new notion. We've

1515
01:14:59,120 --> 01:15:00,680
Speaker 1: got to borrow more money in order to do We

1516
01:15:00,680 --> 01:15:03,120
Speaker 1: can't have as bounced budget. We can't do that kind

1517
01:15:03,120 --> 01:15:04,680
Speaker 1: of thing. What about during an emergency?

1518
01:15:05,760 --> 01:15:09,840
Speaker 7: Yeah, I mean emergencies take a number of different forms, pandemics, wars, recessions,

1519
01:15:10,400 --> 01:15:13,439
Speaker 7: you know, natural disasters, and it's totally appropriate and it's

1520
01:15:13,439 --> 01:15:17,760
Speaker 7: responsible budgeting to borrow for emergencies. Every BBA, including the

1521
01:15:18,080 --> 01:15:20,639
Speaker 7: good versions that I just talked about, has some sort

1522
01:15:20,680 --> 01:15:23,559
Speaker 7: of a safety valve for emergencies. It should be high

1523
01:15:23,800 --> 01:15:26,840
Speaker 7: so that it doesn't the safety valve doesn't get abused,

1524
01:15:27,280 --> 01:15:29,479
Speaker 7: but it shouldn't be so high that it's kind of

1525
01:15:29,520 --> 01:15:32,720
Speaker 7: out of character with the constitution, or that would let

1526
01:15:32,760 --> 01:15:35,280
Speaker 7: a small minority kind of play the hold up game

1527
01:15:35,560 --> 01:15:38,360
Speaker 7: in order to extract concessions. One of the reasons we're

1528
01:15:38,360 --> 01:15:40,200
Speaker 7: able to have a shutdown right now is because there's

1529
01:15:40,240 --> 01:15:44,280
Speaker 7: not some major emergency going on. This with pressure on

1530
01:15:44,400 --> 01:15:47,040
Speaker 7: I think Goodness putting pressure on folks to come to

1531
01:15:47,080 --> 01:15:47,439
Speaker 7: the table.

1532
01:15:47,479 --> 01:15:48,840
Speaker 1: He can you imagine if we had some sort of

1533
01:15:48,840 --> 01:15:52,280
Speaker 1: major emergency right now, we'd be screwed, would we?

1534
01:15:52,280 --> 01:15:54,880
Speaker 7: Well, I think people would get their act together, we'd

1535
01:15:54,920 --> 01:15:57,679
Speaker 7: reopen the government. The emergency would get funded and whatever

1536
01:15:57,760 --> 01:16:02,040
Speaker 7: authorities what would be needed would be provided. So you know,

1537
01:16:02,240 --> 01:16:07,080
Speaker 7: people will change their actions and response to changing circumstances.

1538
01:16:08,000 --> 01:16:09,559
Speaker 1: What do you think is going to force them to act?

1539
01:16:09,600 --> 01:16:11,760
Speaker 1: I mean, we've talked about the debt bond before, which

1540
01:16:11,800 --> 01:16:13,960
Speaker 1: in less than twenty years we're not gonna be able

1541
01:16:13,960 --> 01:16:16,000
Speaker 1: to service the interest on our debt. Pretty Much everything

1542
01:16:16,000 --> 01:16:17,400
Speaker 1: we spend it's going to go to that we'll be

1543
01:16:17,479 --> 01:16:20,120
Speaker 1: upside down. And we know major cuts and government will

1544
01:16:20,160 --> 01:16:23,360
Speaker 1: come and and everything we take for granted will become

1545
01:16:23,360 --> 01:16:28,000
Speaker 1: in jeopardy. It's not a manufactured crisis like a doomsday.

1546
01:16:28,120 --> 01:16:30,240
Speaker 1: It's a financial doomsday. But we can see it coming.

1547
01:16:30,280 --> 01:16:32,519
Speaker 1: We can stop it. The only question is when does

1548
01:16:32,560 --> 01:16:34,840
Speaker 1: someone blank and say, Okay, we've got to really put

1549
01:16:34,840 --> 01:16:36,000
Speaker 1: the future of the country first.

1550
01:16:36,920 --> 01:16:40,520
Speaker 7: Yeah, that's the scary thing. Bridge Stowe founders and investments

1551
01:16:40,520 --> 01:16:44,080
Speaker 7: like Hedge Fund Investment Company. So the founder, Ray Dallio,

1552
01:16:44,439 --> 01:16:46,439
Speaker 7: recently published a book and he's been out there talking

1553
01:16:46,439 --> 01:16:48,720
Speaker 7: about all this stuff. He thinks we've got about three

1554
01:16:48,800 --> 01:16:51,920
Speaker 7: years plus or minus the year before we have what

1555
01:16:51,960 --> 01:16:56,280
Speaker 7: he calls a fiscal heart attack. And if that happens,

1556
01:16:56,320 --> 01:16:58,400
Speaker 7: then yeah, we could have a debt crisis, and I

1557
01:16:58,400 --> 01:17:01,360
Speaker 7: guess at that point members of Congress will get serious about,

1558
01:17:01,680 --> 01:17:03,559
Speaker 7: you know, looking at what doesn't work and how to

1559
01:17:03,560 --> 01:17:06,479
Speaker 7: fix it. But when you're in that crisis mode, it's

1560
01:17:06,560 --> 01:17:09,639
Speaker 7: just such a scramble. We would probably jack up taxes,

1561
01:17:09,720 --> 01:17:11,479
Speaker 7: we would yank the military out of the rest of

1562
01:17:11,520 --> 01:17:13,960
Speaker 7: the world, which you can make a case for it gradually,

1563
01:17:14,120 --> 01:17:18,720
Speaker 7: but not suddenly, and so like it'd be chaos. So

1564
01:17:19,040 --> 01:17:22,360
Speaker 7: the ideal is to get ahead of it, fix the system,

1565
01:17:22,680 --> 01:17:25,679
Speaker 7: let the bond markets know that we're on a path

1566
01:17:25,720 --> 01:17:28,960
Speaker 7: to get this stuff under control, avoid a fiscal heart attack.

1567
01:17:29,760 --> 01:17:32,160
Speaker 7: But you know, we're working on that. We're hopeful that

1568
01:17:32,360 --> 01:17:35,320
Speaker 7: once we get past the shutdown that members of Congress

1569
01:17:35,360 --> 01:17:37,800
Speaker 7: will be a lot more serious about thinking, Okay, this

1570
01:17:37,960 --> 01:17:40,080
Speaker 7: was not fun, this was not good. How do we

1571
01:17:40,120 --> 01:17:40,880
Speaker 7: make it all better.

1572
01:17:41,920 --> 01:17:45,759
Speaker 1: I wonder how much the conflict the said the demographic

1573
01:17:45,920 --> 01:17:48,519
Speaker 1: demographic shift in America, because you know, if you're older

1574
01:17:48,600 --> 01:17:50,680
Speaker 1: right now, the notion is that I paid into my

1575
01:17:50,880 --> 01:17:53,760
Speaker 1: these entitlements, they're not in toitements I paid for that. Well,

1576
01:17:53,800 --> 01:17:56,000
Speaker 1: you paid into it, but the people you elected spend

1577
01:17:56,000 --> 01:17:59,679
Speaker 1: it out other stuff. That's that's kind of what happened.

1578
01:17:59,680 --> 01:18:02,080
Speaker 1: I said, we got a surplus here, let's spend that

1579
01:18:02,160 --> 01:18:04,200
Speaker 1: on something else, and they did that, and I was like, well,

1580
01:18:04,280 --> 01:18:06,880
Speaker 1: now we're kind of got to borrow money. And then

1581
01:18:06,880 --> 01:18:11,439
Speaker 1: people are screaming about is that voice becomes dimmer and

1582
01:18:11,439 --> 01:18:14,120
Speaker 1: dimmer because you know, generations fade out and new ones

1583
01:18:14,160 --> 01:18:17,280
Speaker 1: come in. Is that also part of what we're talking

1584
01:18:17,280 --> 01:18:19,040
Speaker 1: about here. It's just it's like a wait month. I

1585
01:18:19,040 --> 01:18:20,759
Speaker 1: don't if we can wait three years, but a waiting

1586
01:18:20,760 --> 01:18:24,000
Speaker 1: game essentially, because I think younger people see the cold

1587
01:18:24,040 --> 01:18:26,519
Speaker 1: hard reality of the facts and they can't achieve the

1588
01:18:26,560 --> 01:18:29,360
Speaker 1: American dream that their grandparents, that their parents look on

1589
01:18:29,439 --> 01:18:30,360
Speaker 1: grandparents achieved.

1590
01:18:31,439 --> 01:18:33,599
Speaker 7: Yeah, I mean, it is a challenge, and there are

1591
01:18:33,600 --> 01:18:36,720
Speaker 7: lots of different ways to fix it. In theory, it's

1592
01:18:36,760 --> 01:18:39,400
Speaker 7: a political problem where members of Congress don't know how

1593
01:18:39,439 --> 01:18:42,479
Speaker 7: to chip away at these challenges in a way that's

1594
01:18:42,479 --> 01:18:45,519
Speaker 7: politically sustainable for them. So that's that's really what the

1595
01:18:45,560 --> 01:18:48,679
Speaker 7: promise of budget reform, like fixing the way that Congress

1596
01:18:48,680 --> 01:18:52,960
Speaker 7: makes decisions is all about. But the reality is that

1597
01:18:53,320 --> 01:18:57,120
Speaker 7: the surpluses have been sort of saved. It's the IOUs

1598
01:18:57,280 --> 01:18:59,760
Speaker 7: and the trust fund, and those are expected to be

1599
01:19:00,400 --> 01:19:04,040
Speaker 7: in about seven years now, so even you know, the

1600
01:19:04,040 --> 01:19:07,000
Speaker 7: surpluses will have been accounted for, and then there's still

1601
01:19:07,000 --> 01:19:09,120
Speaker 7: a big gap and it's going to have to come

1602
01:19:09,280 --> 01:19:13,360
Speaker 7: either through you know, benefit reductions or revenue increases. And

1603
01:19:13,439 --> 01:19:17,599
Speaker 7: revenue increases means taxing people who are working and often

1604
01:19:17,760 --> 01:19:19,840
Speaker 7: trying to provide for families and that sort of thing.

1605
01:19:19,960 --> 01:19:22,760
Speaker 7: So it thinks, no matter who's going to have to

1606
01:19:22,760 --> 01:19:26,439
Speaker 7: bear the transition costs. But it's got to happen somehow,

1607
01:19:26,479 --> 01:19:28,479
Speaker 7: and so we need Congress to be able to do

1608
01:19:28,520 --> 01:19:31,600
Speaker 7: that tough but necessary work and be able to be

1609
01:19:31,680 --> 01:19:32,280
Speaker 7: okay with that.

1610
01:19:32,560 --> 01:19:36,280
Speaker 1: Kurent Catchman with Americans for Prosperity on a Balanced Budget

1611
01:19:36,360 --> 01:19:39,400
Speaker 1: amendment simply because everything is so out of control. The

1612
01:19:39,400 --> 01:19:42,519
Speaker 1: shutdown is the emblematic of that. How do you sell

1613
01:19:42,560 --> 01:19:45,320
Speaker 1: the city American people? Though, because Benjaminer saying is, hey, listen,

1614
01:19:45,600 --> 01:19:47,360
Speaker 1: we've got to balance a budget. That means we're going

1615
01:19:47,400 --> 01:19:48,880
Speaker 1: to have to make some tough decisions here and what

1616
01:19:48,920 --> 01:19:51,559
Speaker 1: we spend our money in, because you know, the edict

1617
01:19:51,560 --> 01:19:54,040
Speaker 1: of Republicans was, hey, we're going to get in here

1618
01:19:54,080 --> 01:19:55,800
Speaker 1: and have doze and we're to make these huge cuts

1619
01:19:55,800 --> 01:19:57,080
Speaker 1: and we're going to right side, we're going to quit

1620
01:19:57,080 --> 01:20:00,600
Speaker 1: our spending, and spending has since gone up under Republicans

1621
01:20:00,600 --> 01:20:01,280
Speaker 1: and Donald Trump.

1622
01:20:02,600 --> 01:20:05,400
Speaker 7: Balance in the budget over a reasonable period like ten

1623
01:20:05,479 --> 01:20:08,280
Speaker 7: years or something, that's an eighty percent issue from the

1624
01:20:08,320 --> 01:20:11,919
Speaker 7: American public. So the question is how do you design

1625
01:20:12,000 --> 01:20:15,960
Speaker 7: one that actually works for governance? And the ones that

1626
01:20:16,040 --> 01:20:19,120
Speaker 7: I think have the best likelihood of succeeding would balance

1627
01:20:19,160 --> 01:20:23,240
Speaker 7: over ten years after ratification, after the thirty eighth date

1628
01:20:23,240 --> 01:20:27,000
Speaker 7: approves it, and wouldn't necessarily have to go to full

1629
01:20:27,040 --> 01:20:30,320
Speaker 7: balance including interests. It could go to primary balance, which

1630
01:20:30,360 --> 01:20:33,880
Speaker 7: is current spending not including interest and revenue, and that's

1631
01:20:34,000 --> 01:20:36,559
Speaker 7: enough to stabilize the debt burden and keep it from

1632
01:20:36,600 --> 01:20:39,960
Speaker 7: exploding and causing all the problems. Long term, we probably

1633
01:20:39,960 --> 01:20:42,760
Speaker 7: do have to move closer to full balance, but it's

1634
01:20:42,800 --> 01:20:45,240
Speaker 7: just too big for Congress right now. So you know,

1635
01:20:45,280 --> 01:20:47,320
Speaker 7: we have to do one piece at a time. And

1636
01:20:47,560 --> 01:20:50,960
Speaker 7: we actually did some polling about shutdowns right before the shutdown,

1637
01:20:51,280 --> 01:20:54,720
Speaker 7: and it turns out that another eighty percent issue is,

1638
01:20:55,400 --> 01:20:58,599
Speaker 7: you know, forcing Congress to stay in DC until they

1639
01:20:58,600 --> 01:21:01,640
Speaker 7: get the appropriations built on and in the meantime not

1640
01:21:01,760 --> 01:21:05,000
Speaker 7: have any interruptions and services for the American people. I mean,

1641
01:21:05,040 --> 01:21:05,760
Speaker 7: we pay for it.

1642
01:21:06,280 --> 01:21:07,000
Speaker 3: They should be there.

1643
01:21:07,160 --> 01:21:10,080
Speaker 7: So that's another thing that is part of fixing the system.

1644
01:21:10,160 --> 01:21:11,920
Speaker 1: And not only that we should pay for it, we're

1645
01:21:11,920 --> 01:21:14,000
Speaker 1: going to pay more because of the government shutdown. That's

1646
01:21:14,000 --> 01:21:14,639
Speaker 1: the worst part.

1647
01:21:15,720 --> 01:21:17,800
Speaker 7: Yeah, I mean it holds back the economy, and not

1648
01:21:17,840 --> 01:21:19,880
Speaker 7: as much as some people claim, but that the bigger

1649
01:21:19,960 --> 01:21:23,639
Speaker 7: cost is that Congress ends up jamming through some sort

1650
01:21:23,640 --> 01:21:26,880
Speaker 7: of an omnigous appropriations bill with all sorts of blow

1651
01:21:27,000 --> 01:21:30,320
Speaker 7: and pork, and very few members get participate in the process.

1652
01:21:30,479 --> 01:21:33,800
Speaker 7: So we have a deficit when it comes to democracy

1653
01:21:34,280 --> 01:21:36,400
Speaker 7: as well when it comes to these big spending bills

1654
01:21:36,400 --> 01:21:38,000
Speaker 7: that are cooked up behind closed doors.

1655
01:21:38,240 --> 01:21:39,840
Speaker 1: I don't know what hope we do have because the

1656
01:21:40,840 --> 01:21:43,960
Speaker 1: ground sool Republicans getting swept in and Donald Trump yet

1657
01:21:43,960 --> 01:21:46,240
Speaker 1: again was hey, we're going to cut taxes for everybody.

1658
01:21:46,240 --> 01:21:47,920
Speaker 1: We're going to tear issue tear if we're going to

1659
01:21:47,960 --> 01:21:50,920
Speaker 1: make everybody in America rich. Again, that's all great in

1660
01:21:50,960 --> 01:21:53,639
Speaker 1: some areas, it's succeeding. In other areas it's not. And

1661
01:21:53,760 --> 01:21:55,439
Speaker 1: you know, we're gonna, hey, we're going to cut all

1662
01:21:55,479 --> 01:21:58,160
Speaker 1: these programs and we're not. We're going to if you

1663
01:21:58,240 --> 01:22:00,919
Speaker 1: cut taxes, you got to cut programs. They cut taxes,

1664
01:22:00,920 --> 01:22:02,360
Speaker 1: but they didn't cut programs.

1665
01:22:03,400 --> 01:22:05,559
Speaker 7: Well, they kept taxes from going up, and there were

1666
01:22:05,560 --> 01:22:08,639
Speaker 7: some new tax cuts. The new tax cuts were more

1667
01:22:08,720 --> 01:22:13,439
Speaker 7: than fully offset with some changes to benefits programs. Really

1668
01:22:13,479 --> 01:22:16,120
Speaker 7: just good governments cleaning up making sure that people are

1669
01:22:16,160 --> 01:22:19,960
Speaker 7: actually eligible for the programs. You've heard some of the

1670
01:22:20,000 --> 01:22:23,200
Speaker 7: scary stories about Medicaid and the food stamps and all that.

1671
01:22:23,439 --> 01:22:26,880
Speaker 7: Those are modest changes to make sure that there wasn't

1672
01:22:26,960 --> 01:22:29,400
Speaker 7: as much waste, fraud, and abuse in them. There's a

1673
01:22:29,400 --> 01:22:31,519
Speaker 7: lot more that needs to happen. Like in the long run,

1674
01:22:31,840 --> 01:22:35,559
Speaker 7: the major challenge is the imbalance in social security, but

1675
01:22:35,760 --> 01:22:39,960
Speaker 7: especially in federal healthcare programs. Almost all of federal health

1676
01:22:40,000 --> 01:22:43,680
Speaker 7: subsidies are outside of the appropriations process, and so if

1677
01:22:43,720 --> 01:22:47,639
Speaker 7: we just fixate on appropriations the twelve Bills, we're never

1678
01:22:47,680 --> 01:22:49,840
Speaker 7: going to figure out how to fix healthcare. So that's

1679
01:22:49,880 --> 01:22:52,920
Speaker 7: why we're talking about we need to move Congress doing

1680
01:22:52,920 --> 01:22:55,760
Speaker 7: a comprehensive budget that has all of the spending, all

1681
01:22:55,800 --> 01:22:58,040
Speaker 7: of the revenue, all the tax expenditures, and then they

1682
01:22:58,080 --> 01:23:01,320
Speaker 7: can actually manage this stuff and weed out the nonsense

1683
01:23:01,439 --> 01:23:04,760
Speaker 7: and to make things, you know, lead and efficient and effective.

1684
01:23:05,280 --> 01:23:06,840
Speaker 7: And that's the way that we're going to be able

1685
01:23:06,880 --> 01:23:07,719
Speaker 7: to solve this problem.

1686
01:23:08,120 --> 01:23:10,280
Speaker 1: Kashan, You just dreaming here? Is that what this is?

1687
01:23:10,360 --> 01:23:12,559
Speaker 1: You just spect all dreaming because I mean it sounds

1688
01:23:12,600 --> 01:23:15,240
Speaker 1: goods people not in their head. Ben, is it really

1689
01:23:15,280 --> 01:23:15,840
Speaker 1: going to happen?

1690
01:23:16,960 --> 01:23:19,080
Speaker 7: Well, that's what we're trying to make happen. I mean, look,

1691
01:23:19,760 --> 01:23:22,160
Speaker 7: everything starts out as a dream and then it gets

1692
01:23:22,160 --> 01:23:25,320
Speaker 7: more and more concrete. This stuff is all introduced as legislation.

1693
01:23:25,840 --> 01:23:29,320
Speaker 7: Most of it has bipartisan support, and that which doesn't

1694
01:23:29,600 --> 01:23:32,320
Speaker 7: it should and will eventually it's going to have to.

1695
01:23:33,360 --> 01:23:35,800
Speaker 7: But you know, we're we're moving along and and there

1696
01:23:35,840 --> 01:23:38,960
Speaker 7: are nobody's really objected to any of these particular pieces.

1697
01:23:39,040 --> 01:23:41,599
Speaker 7: It's more like, oh, we just need to think about

1698
01:23:41,600 --> 01:23:44,439
Speaker 7: it some more so. But like doing a real budget,

1699
01:23:44,720 --> 01:23:46,920
Speaker 7: that is the most basic thing that you can do

1700
01:23:47,080 --> 01:23:48,559
Speaker 7: to manage your situation.

1701
01:23:48,800 --> 01:23:49,599
Speaker 3: Right, It's a job.

1702
01:23:50,200 --> 01:23:51,400
Speaker 1: It's prescribed for them.

1703
01:23:51,439 --> 01:23:52,040
Speaker 3: Here's your job.

1704
01:23:52,040 --> 01:23:54,800
Speaker 1: You've got one job, Congress. The job is you got

1705
01:23:54,800 --> 01:23:56,160
Speaker 1: to come up with a butte. That's your job.

1706
01:23:56,880 --> 01:23:57,519
Speaker 3: Yep, we can't.

1707
01:23:57,520 --> 01:23:59,920
Speaker 1: We haven't done that job. We've done that job twice

1708
01:24:00,080 --> 01:24:01,760
Speaker 1: since I bet a voter and I'm old.

1709
01:24:01,840 --> 01:24:04,760
Speaker 7: Oh, Congress has actually never done a real budget with

1710
01:24:04,800 --> 01:24:07,439
Speaker 7: everything in it, never, not once. I mean, Congress started

1711
01:24:07,479 --> 01:24:10,799
Speaker 7: out as a really informal institution, and as it's gotten bigger,

1712
01:24:10,880 --> 01:24:14,600
Speaker 7: as society has gotten more complicated, it should have formalized

1713
01:24:15,080 --> 01:24:17,559
Speaker 7: the way that it makes decisions more and it just hasn't.

1714
01:24:17,640 --> 01:24:20,280
Speaker 7: And you know, we're kind of a generational moment where

1715
01:24:20,360 --> 01:24:23,760
Speaker 7: it's time to really modernize Congress, and so this is

1716
01:24:23,880 --> 01:24:24,759
Speaker 7: part of that agenda.

1717
01:24:25,160 --> 01:24:27,000
Speaker 1: Yeah, I wonder if you can see younger people, I'm

1718
01:24:27,120 --> 01:24:29,679
Speaker 1: millennials but also gen zers like enough of this nonsense

1719
01:24:29,720 --> 01:24:32,160
Speaker 1: and take government back. I mean, the future is the hope,

1720
01:24:32,200 --> 01:24:34,160
Speaker 1: I think absolutely.

1721
01:24:34,320 --> 01:24:36,280
Speaker 7: And you know people will often say, oh, we need

1722
01:24:36,320 --> 01:24:39,519
Speaker 7: to consider the twelve appropriations built separately, and it's like why,

1723
01:24:39,920 --> 01:24:43,000
Speaker 7: because you know Congress, which was a Democrat lat at

1724
01:24:43,040 --> 01:24:46,360
Speaker 7: the time, decided that that was the best way four

1725
01:24:46,439 --> 01:24:47,320
Speaker 7: or fifty years ago.

1726
01:24:47,439 --> 01:24:47,519
Speaker 6: No.

1727
01:24:47,640 --> 01:24:50,880
Speaker 7: I mean, like times have changed and our needs have changed.

1728
01:24:51,400 --> 01:24:53,840
Speaker 7: We need Congress to do things that make sense for today,

1729
01:24:53,920 --> 01:24:56,080
Speaker 7: not for what made sense to push back on Richard

1730
01:24:56,160 --> 01:24:57,080
Speaker 7: Nixon fifty years ago.

1731
01:24:57,960 --> 01:24:59,800
Speaker 1: Yeah, well that's the nature of it. Always look back

1732
01:24:59,800 --> 01:25:01,160
Speaker 1: and go it was so much better than was it.

1733
01:25:01,200 --> 01:25:01,479
Speaker 2: Really?

1734
01:25:02,600 --> 01:25:04,640
Speaker 1: History is very kind, is it not. Kurt Couchman over

1735
01:25:04,680 --> 01:25:08,240
Speaker 1: to Americans for prosper Americans for Prosperities, a senior fiscal

1736
01:25:08,439 --> 01:25:11,960
Speaker 1: policy fellow checking in and once again restoring some common

1737
01:25:12,000 --> 01:25:14,760
Speaker 1: sense in Congress of Balance. Budde's amendment could do that.

1738
01:25:14,840 --> 01:25:17,000
Speaker 1: But we shall see. I wonder if we fall off

1739
01:25:17,000 --> 01:25:18,880
Speaker 1: the cliff, and maybe as we're falling off the cliff,

1740
01:25:18,880 --> 01:25:20,439
Speaker 1: we try to do something, but by then it'll be

1741
01:25:20,439 --> 01:25:24,080
Speaker 1: too late. Hopefully, hopefully this can gain some traction. Curt

1742
01:25:24,080 --> 01:25:27,000
Speaker 1: all the best, Thanks again, thanks for having me news

1743
01:25:27,080 --> 01:25:29,240
Speaker 1: on the way in just about four or five minutes

1744
01:25:29,280 --> 01:25:31,880
Speaker 1: here on the Big One seven hundred WW Scott's Loan Show,

1745
01:25:32,200 --> 01:25:34,599
Speaker 1: and then we returned. Andy Shaeffer checks in. We'll put

1746
01:25:34,640 --> 01:25:37,400
Speaker 1: all this together. We just talked about with the markets.

1747
01:25:37,479 --> 01:25:39,880
Speaker 1: The market's been kind of bouncing around a little bit lately.

1748
01:25:39,960 --> 01:25:42,360
Speaker 1: Everything was great and then Friday hit and it's all crazy.

1749
01:25:42,400 --> 01:25:46,120
Speaker 1: What's really going on in the underbelly of the American economy.

1750
01:25:46,680 --> 01:25:49,320
Speaker 1: Some people say we're headed towards another Ready for this one,

1751
01:25:49,360 --> 01:25:51,800
Speaker 1: another great depression like we had nineteen twenty nine. Ill

1752
01:25:51,800 --> 01:25:53,240
Speaker 1: bounce it off him. See what he has to say

1753
01:25:53,240 --> 01:25:56,400
Speaker 1: about it just ahead. Scott's Loan show continues after news.

1754
01:25:57,000 --> 01:25:59,599
Speaker 1: I'm the home the best Bengals coverage Thursday night football

1755
01:25:59,600 --> 01:26:01,080
Speaker 1: in the NAT on seven hundred w.

1756
01:26:01,280 --> 01:26:05,120
Speaker 5: The time to talk about money, how to make it,

1757
01:26:05,320 --> 01:26:08,280
Speaker 5: how to keep it, and how to keep others off

1758
01:26:08,360 --> 01:26:09,000
Speaker 5: your stack.

1759
01:26:12,720 --> 01:26:16,320
Speaker 1: This is all Worth Advice with Andy Shaeffer, Money Time,

1760
01:26:16,400 --> 01:26:19,400
Speaker 1: bad Money, Never sleeps Andy Shaeffer never so well he does.

1761
01:26:19,439 --> 01:26:21,800
Speaker 1: He's really good at sleeping, but he's pretty good at

1762
01:26:21,840 --> 01:26:24,360
Speaker 1: what he does. Is our expert when it comes to markets,

1763
01:26:24,400 --> 01:26:27,880
Speaker 1: investments and your future. Financially, He's with all Worth financially. Andy.

1764
01:26:27,920 --> 01:26:29,439
Speaker 3: Welcome, Thanks Scott.

1765
01:26:29,479 --> 01:26:32,240
Speaker 1: Happy to be here, Yes, sir, so. Markets are just

1766
01:26:32,280 --> 01:26:34,200
Speaker 1: kind of bouncing all over like a ping pong ball

1767
01:26:34,240 --> 01:26:36,240
Speaker 1: and an empty box car right now. And then started

1768
01:26:36,240 --> 01:26:39,080
Speaker 1: out went back on Friday because of the tariff with

1769
01:26:39,280 --> 01:26:41,200
Speaker 1: China in this case where we get one hundred percent,

1770
01:26:41,680 --> 01:26:44,120
Speaker 1: and then yesterday had cooled off and then China said

1771
01:26:44,160 --> 01:26:46,000
Speaker 1: we're going to hit you on your shipping and what

1772
01:26:46,040 --> 01:26:46,840
Speaker 1: the hell's going on?

1773
01:26:47,520 --> 01:26:48,920
Speaker 3: Yeah, it's kind of funny.

1774
01:26:48,960 --> 01:26:49,120
Speaker 5: You know.

1775
01:26:50,120 --> 01:26:52,360
Speaker 4: Last Friday, the market's were cruising along and I had

1776
01:26:52,360 --> 01:26:54,360
Speaker 4: a couple of meetings and I look up in the afternoon,

1777
01:26:54,400 --> 01:26:57,439
Speaker 4: and you know, they went sideways down about three percent,

1778
01:26:57,560 --> 01:27:00,240
Speaker 4: and you know, I was curious to see why it

1779
01:27:00,280 --> 01:27:04,479
Speaker 4: was because Donald Trump basically said that Chinese imports could

1780
01:27:04,520 --> 01:27:08,559
Speaker 4: reach one hundred percent tariffs starting on November first. Obviously,

1781
01:27:08,600 --> 01:27:11,639
Speaker 4: markets didn't like that. I think he's not very happy

1782
01:27:11,800 --> 01:27:13,599
Speaker 4: with a lot of the response that he's getting from

1783
01:27:13,760 --> 01:27:19,519
Speaker 4: Jijiping and the Chinese. And in response, China basically said,

1784
01:27:20,000 --> 01:27:21,960
Speaker 4: all right, well, we're going to put restrictions on rare

1785
01:27:22,000 --> 01:27:26,080
Speaker 4: earth minerals, which is very important for us. And I

1786
01:27:26,080 --> 01:27:28,120
Speaker 4: don't think a lot of people understand.

1787
01:27:28,240 --> 01:27:29,519
Speaker 3: What rare earth minerals are.

1788
01:27:29,560 --> 01:27:32,760
Speaker 4: It's not diamonds, it's not emeralds. Essentially, what it is

1789
01:27:32,800 --> 01:27:36,920
Speaker 4: there's about fifteen to seventeen obscure elements, big words that

1790
01:27:36,960 --> 01:27:39,680
Speaker 4: are hard to pronounce, that are essential for inputs in

1791
01:27:39,760 --> 01:27:44,599
Speaker 4: electric vehicles, magnets, wind turbines, semiconductors, even are fighter jets.

1792
01:27:44,720 --> 01:27:48,800
Speaker 4: So it's not that the Chinese have a surplus or

1793
01:27:48,800 --> 01:27:50,680
Speaker 4: more than the rest of the world of these rare

1794
01:27:50,680 --> 01:27:54,240
Speaker 4: earth minerals. What they are good at is producing them

1795
01:27:54,400 --> 01:27:56,360
Speaker 4: and polishing them up to make sure that they are

1796
01:27:56,439 --> 01:28:00,320
Speaker 4: available for use. Now the United States, we have, you know,

1797
01:28:00,439 --> 01:28:02,439
Speaker 4: more of a surplus than China does, and the minerals,

1798
01:28:02,439 --> 01:28:05,679
Speaker 4: we just don't have the capacity to really produce them

1799
01:28:05,920 --> 01:28:07,720
Speaker 4: and process them the way that China does.

1800
01:28:07,760 --> 01:28:09,479
Speaker 1: So it's an environmental issue, is what it is.

1801
01:28:09,760 --> 01:28:10,880
Speaker 3: Yeah, well, and that's it now.

1802
01:28:10,920 --> 01:28:13,040
Speaker 4: I do think at some point, you know, we are

1803
01:28:13,040 --> 01:28:15,240
Speaker 4: going to work towards that, because I think most of

1804
01:28:15,280 --> 01:28:18,320
Speaker 4: our society realize that we don't want to be beholden

1805
01:28:18,360 --> 01:28:20,800
Speaker 4: to the Chinese as far as rare as minerals go,

1806
01:28:21,080 --> 01:28:24,800
Speaker 4: particularly because it's very critical for our military and so

1807
01:28:25,040 --> 01:28:28,000
Speaker 4: obviously we don't want to rely on them for those

1808
01:28:28,080 --> 01:28:30,360
Speaker 4: But that can take years, Scott before we can get

1809
01:28:30,400 --> 01:28:33,240
Speaker 4: to the point where we can process as rare minerals

1810
01:28:33,240 --> 01:28:36,280
Speaker 4: like China does. And so essentially what we've seen in

1811
01:28:36,320 --> 01:28:38,680
Speaker 4: the markets is that it's kind of been a resurgent

1812
01:28:38,960 --> 01:28:41,200
Speaker 4: of a little bit of tension between US and the

1813
01:28:41,280 --> 01:28:43,519
Speaker 4: Chinese as far as trade talks. I think we kind

1814
01:28:43,520 --> 01:28:45,280
Speaker 4: of forgot about it for a little while, and this

1815
01:28:45,400 --> 01:28:46,679
Speaker 4: just kind of brought it to the forefront.

1816
01:28:46,840 --> 01:28:50,200
Speaker 1: Yeah, and I'm guessing that this is why the crypto

1817
01:28:50,240 --> 01:28:51,799
Speaker 1: markets stumbled so badly.

1818
01:28:51,880 --> 01:28:53,560
Speaker 4: Yeah, Yeah, A little bit has to do with the

1819
01:28:53,560 --> 01:28:55,320
Speaker 4: crypto markets as well. Now, we saw a little bit

1820
01:28:55,360 --> 01:28:58,040
Speaker 4: of a rally there yesterday, but that falls in line

1821
01:28:58,080 --> 01:29:00,559
Speaker 4: with Trump walking back as comments on it as well.

1822
01:29:00,600 --> 01:29:02,040
Speaker 3: I mean he basically said, oh yeah, me.

1823
01:29:02,040 --> 01:29:04,800
Speaker 4: And Shijingping or good buddies, and we'll work it out

1824
01:29:04,800 --> 01:29:06,960
Speaker 4: and those types of things. And you know, this is

1825
01:29:07,000 --> 01:29:09,040
Speaker 4: more of the same that we've seen from the rhetoric

1826
01:29:09,120 --> 01:29:12,400
Speaker 4: from the White House with our relationship with China, and

1827
01:29:12,479 --> 01:29:14,479
Speaker 4: so I think a lot of investors right now are

1828
01:29:14,800 --> 01:29:17,040
Speaker 4: holding on to every word, which I think is a

1829
01:29:17,040 --> 01:29:19,040
Speaker 4: bad idea. You know, this is just kind of par

1830
01:29:19,200 --> 01:29:21,880
Speaker 4: for the course and negotiations, and so I think the

1831
01:29:22,000 --> 01:29:24,759
Speaker 4: lesson here is just just hang in there, keep reviewing

1832
01:29:24,800 --> 01:29:26,519
Speaker 4: your portfolio and make sure it's in line with your

1833
01:29:26,600 --> 01:29:28,760
Speaker 4: risk tolerance because we'll come out of this.

1834
01:29:29,560 --> 01:29:32,800
Speaker 1: Yeah. And figuring out the rarest mineral thing too, because

1835
01:29:32,800 --> 01:29:34,960
Speaker 1: I think it's the country have a lot of it.

1836
01:29:35,240 --> 01:29:37,519
Speaker 1: I know Afghanistan has have some, but I think maybe India,

1837
01:29:37,600 --> 01:29:40,320
Speaker 1: Vietnam I think comes to mind as well. And you know,

1838
01:29:40,400 --> 01:29:42,280
Speaker 1: back to the tariff thing that we're hitting in Vietnam

1839
01:29:42,320 --> 01:29:45,240
Speaker 1: with tariffs or these countries with tariffs, Does that make

1840
01:29:45,240 --> 01:29:47,400
Speaker 1: a lot of sense in your opinion, and we're we're okay.

1841
01:29:47,680 --> 01:29:49,479
Speaker 1: The tariff experiment's gone on for a while. I'm still

1842
01:29:49,479 --> 01:29:50,360
Speaker 1: not seeing the results of this.

1843
01:29:50,400 --> 01:29:51,519
Speaker 3: Andy Well.

1844
01:29:51,800 --> 01:29:54,400
Speaker 4: I think we are starting to see to where we

1845
01:29:54,520 --> 01:29:56,680
Speaker 4: have a little bit more leverage in China, and I

1846
01:29:56,680 --> 01:29:58,840
Speaker 4: think we have seen some progress. We got a good

1847
01:29:58,880 --> 01:30:02,200
Speaker 4: deal with European Union, and we received a nice deal

1848
01:30:02,920 --> 01:30:06,800
Speaker 4: with Great Britain. But you know, in many senses, those

1849
01:30:06,800 --> 01:30:10,599
Speaker 4: countries don't matter as much as China, Mexico and Canada.

1850
01:30:10,680 --> 01:30:14,920
Speaker 4: Those are big trading partners right right, And so you know,

1851
01:30:15,000 --> 01:30:17,200
Speaker 4: as this continues on, I think Trump is playing the

1852
01:30:17,240 --> 01:30:19,600
Speaker 4: slow play game. I think he feels like time is

1853
01:30:19,640 --> 01:30:23,320
Speaker 4: on his side because inflation has been fairly calm. We're

1854
01:30:23,360 --> 01:30:25,160
Speaker 4: seeing it tick up just a little bit, so it

1855
01:30:25,160 --> 01:30:27,800
Speaker 4: feels like he has leverage in this regard. And furthermore,

1856
01:30:28,080 --> 01:30:30,759
Speaker 4: think of it from the Chinese perspective, if we continue

1857
01:30:30,800 --> 01:30:34,080
Speaker 4: to put pressure on the Chinese, Essentially, China needs access

1858
01:30:34,120 --> 01:30:36,320
Speaker 4: to our markets. We have the largest economy in the world.

1859
01:30:36,600 --> 01:30:38,960
Speaker 4: They sell most of their goods to the United States.

1860
01:30:39,040 --> 01:30:41,599
Speaker 4: So if they don't have access to sell their goods

1861
01:30:41,800 --> 01:30:44,719
Speaker 4: to US citizens, they will fall in a very deep,

1862
01:30:44,880 --> 01:30:47,200
Speaker 4: deep recession and they can't afford to do that, so

1863
01:30:47,439 --> 01:30:50,920
Speaker 4: I think he feels like he has leverage there. Hopefully again,

1864
01:30:51,000 --> 01:30:52,960
Speaker 4: we'll come to a deal before the end of the year.

1865
01:30:53,040 --> 01:30:55,400
Speaker 4: But we've been talking about this Scott since you know,

1866
01:30:55,479 --> 01:30:58,160
Speaker 4: March and April, so it remains to be seen.

1867
01:30:58,360 --> 01:31:00,800
Speaker 1: Yeah, I mean, the crowd was okay toffs and we

1868
01:31:00,880 --> 01:31:02,760
Speaker 1: are the United States is hauling in a lot more

1869
01:31:02,800 --> 01:31:04,400
Speaker 1: money than we have when it comes to tariffs. I

1870
01:31:04,400 --> 01:31:06,920
Speaker 1: don't know where the money's going. It's coming back to us,

1871
01:31:07,000 --> 01:31:09,400
Speaker 1: right is they say, hey, we're gonna have all these

1872
01:31:09,439 --> 01:31:11,679
Speaker 1: manufacturing jobs now. Granted that's going to take a while,

1873
01:31:11,720 --> 01:31:14,000
Speaker 1: and there was a campaign promise, but you think we

1874
01:31:14,360 --> 01:31:16,360
Speaker 1: other than maybe a few here or there, we'd start

1875
01:31:16,400 --> 01:31:18,200
Speaker 1: to see things moving a little faster than right now.

1876
01:31:18,200 --> 01:31:20,639
Speaker 1: Because we are an impatient peacefle it's something that takes

1877
01:31:20,680 --> 01:31:23,160
Speaker 1: ten years, we want it done in six months.

1878
01:31:23,479 --> 01:31:25,599
Speaker 4: Well yeah, I mean look at you know, the the

1879
01:31:25,600 --> 01:31:28,320
Speaker 4: Intel factory and Columbus that was scheduled to begin. I

1880
01:31:28,360 --> 01:31:30,360
Speaker 4: mean that's that we still don't know where that's going

1881
01:31:30,439 --> 01:31:31,519
Speaker 4: to be and that was going to be a big

1882
01:31:31,520 --> 01:31:35,960
Speaker 4: boon for the Columbus area. And I think I think

1883
01:31:36,000 --> 01:31:39,759
Speaker 4: what we're seeing is more of a shift and business approach,

1884
01:31:39,920 --> 01:31:43,560
Speaker 4: not only domestically but internationally. You know, we're not necessarily

1885
01:31:43,560 --> 01:31:46,800
Speaker 4: seeing these these large manufacturers, you know, open up these

1886
01:31:47,200 --> 01:31:49,280
Speaker 4: processing plants here in the United States. But what I

1887
01:31:49,280 --> 01:31:51,439
Speaker 4: think you're starting to see is a shift in the

1888
01:31:51,680 --> 01:31:55,840
Speaker 4: approach of the c suite decision makers within these corporations

1889
01:31:55,840 --> 01:31:58,160
Speaker 4: and say, hey, we at least have to have some

1890
01:31:58,240 --> 01:32:00,439
Speaker 4: type of presence in the United States. We have to

1891
01:32:00,479 --> 01:32:03,960
Speaker 4: have alternatives to producing a lot of our goods overseas.

1892
01:32:04,040 --> 01:32:06,439
Speaker 4: And I think at least the planning is in the

1893
01:32:06,479 --> 01:32:09,479
Speaker 4: works for these companies to have more of a presence

1894
01:32:09,479 --> 01:32:11,040
Speaker 4: here in the United States. But again, like you said,

1895
01:32:11,120 --> 01:32:13,640
Speaker 4: it's gonna take years for that to occur. But I

1896
01:32:13,640 --> 01:32:16,360
Speaker 4: think at least the ball has started to roll in

1897
01:32:16,400 --> 01:32:16,920
Speaker 4: that direction.

1898
01:32:17,000 --> 01:32:19,160
Speaker 1: And any Schaefer over at all Worth Financial and Simple

1899
01:32:19,280 --> 01:32:21,280
Speaker 1: Money and a little financial tune up on this Tuesday

1900
01:32:21,280 --> 01:32:23,479
Speaker 1: morning on the Scotslan Show on seven hundred W. I've

1901
01:32:23,479 --> 01:32:26,080
Speaker 1: it's been a crazy few days here. We haven't had

1902
01:32:26,120 --> 01:32:28,880
Speaker 1: some crazy days in a while. And the upward trend

1903
01:32:28,920 --> 01:32:31,479
Speaker 1: line has been going gangbusters for a while right now,

1904
01:32:31,520 --> 01:32:34,200
Speaker 1: So yeah, a little correction is to be expected when

1905
01:32:34,200 --> 01:32:37,160
Speaker 1: things are the way they are how much. And I

1906
01:32:37,160 --> 01:32:39,360
Speaker 1: think this tells you everything you need to know. Everything

1907
01:32:39,360 --> 01:32:41,720
Speaker 1: we talked about the markets bouncing up and down had

1908
01:32:41,720 --> 01:32:44,280
Speaker 1: to do with tariffs on China. Markets don't give a

1909
01:32:44,360 --> 01:32:45,800
Speaker 1: damn about the shutdown, do they?

1910
01:32:46,120 --> 01:32:47,920
Speaker 3: No, No, And I think that.

1911
01:32:48,000 --> 01:32:52,320
Speaker 1: Everything you need to know is right there, right, yeah, right, you.

1912
01:32:52,240 --> 01:32:54,280
Speaker 4: Know, because at the end of the day, you know,

1913
01:32:54,360 --> 01:32:57,040
Speaker 4: certainly there are going to going to be some jobs

1914
01:32:57,040 --> 01:32:58,880
Speaker 4: that are at risk with this shutdown. But for the

1915
01:32:58,880 --> 01:33:00,840
Speaker 4: most part, the labor market here in the United States

1916
01:33:00,920 --> 01:33:03,800
Speaker 4: is strong, and so as long as the consumer has

1917
01:33:03,840 --> 01:33:06,880
Speaker 4: the ability to earn a wage, that translates to more

1918
01:33:06,920 --> 01:33:10,120
Speaker 4: spending and ultimately higher stock prices. And so really it's

1919
01:33:10,160 --> 01:33:12,240
Speaker 4: about the strength of the job market right now. Now

1920
01:33:12,240 --> 01:33:14,360
Speaker 4: we're starting to see a little bit of cracks there,

1921
01:33:14,400 --> 01:33:16,520
Speaker 4: and I do think that there is some market fatigue

1922
01:33:16,560 --> 01:33:18,640
Speaker 4: with most investors. We've been on a three year role

1923
01:33:18,720 --> 01:33:21,760
Speaker 4: now where the market has done great, and so I

1924
01:33:21,840 --> 01:33:24,720
Speaker 4: think I think the one thing to note here is

1925
01:33:24,760 --> 01:33:28,720
Speaker 4: that we do experience a lot of corrections, which is

1926
01:33:28,840 --> 01:33:31,080
Speaker 4: a ten percent decline or more in the stock market.

1927
01:33:31,120 --> 01:33:34,320
Speaker 4: Those are fairly common since twenty fifteen, the S and

1928
01:33:34,320 --> 01:33:37,080
Speaker 4: P five hundred has had eight declines of roughly ten

1929
01:33:37,120 --> 01:33:39,439
Speaker 4: percent or more, including the one that we just had

1930
01:33:39,439 --> 01:33:42,800
Speaker 4: in April. So if we do see a correction of

1931
01:33:42,880 --> 01:33:45,640
Speaker 4: ten percent or even a bear market, which is a

1932
01:33:45,680 --> 01:33:48,320
Speaker 4: downward trend of over twenty percent, you know, at the

1933
01:33:48,439 --> 01:33:50,479
Speaker 4: end of the day, the economy is still expanding. And

1934
01:33:50,520 --> 01:33:52,920
Speaker 4: anytime that we see a pullback in an expanding economy

1935
01:33:52,920 --> 01:33:56,360
Speaker 4: where our GDP is positive, those are usually short lived.

1936
01:33:56,400 --> 01:33:59,280
Speaker 4: What we're mostly focused on is the probability of recession

1937
01:33:59,360 --> 01:34:02,679
Speaker 4: risk because those tend to last a little bit longer

1938
01:34:02,920 --> 01:34:05,360
Speaker 4: from a market correction standpoint, and I would put that

1939
01:34:05,400 --> 01:34:08,519
Speaker 4: probably about recession risk, probably at about medium right now.

1940
01:34:09,240 --> 01:34:11,280
Speaker 4: So there are some things to keep an eye on,

1941
01:34:11,320 --> 01:34:13,920
Speaker 4: including the cooling labor market, but.

1942
01:34:13,920 --> 01:34:14,720
Speaker 3: We have our eye on it.

1943
01:34:14,920 --> 01:34:17,679
Speaker 1: Yeah, And the shutdown thing is just I mean, you're pregnants.

1944
01:34:17,720 --> 01:34:21,479
Speaker 1: It's like a theater because it is. And I'm not

1945
01:34:21,479 --> 01:34:23,720
Speaker 1: going to diminish, of course and downplay the people who

1946
01:34:23,760 --> 01:34:27,320
Speaker 1: are losing their jobs are furloughed as a result of this.

1947
01:34:27,439 --> 01:34:31,759
Speaker 1: That's serious. It's money, that's your neighbor. But statistically speaking,

1948
01:34:31,800 --> 01:34:34,559
Speaker 1: it's a very small percentage of the population. And on

1949
01:34:34,680 --> 01:34:37,000
Speaker 1: top of that and I pointed this out last week,

1950
01:34:37,120 --> 01:34:41,040
Speaker 1: is something like this only affects eight percent of total government.

1951
01:34:41,120 --> 01:34:43,120
Speaker 1: So those who are shutting this down and say we

1952
01:34:43,200 --> 01:34:45,840
Speaker 1: need to shrink government, need to make government smaller and

1953
01:34:45,880 --> 01:34:48,400
Speaker 1: shrink it and shrink it, they're still funding ninety two

1954
01:34:48,439 --> 01:34:50,960
Speaker 1: percent of government. This is not really what a lot

1955
01:34:51,000 --> 01:34:52,680
Speaker 1: of people may. You know that the battle between the

1956
01:34:52,680 --> 01:34:54,439
Speaker 1: political hacks on the left and the right and the

1957
01:34:54,479 --> 01:34:57,160
Speaker 1: reality and the thing is this is just theater. It

1958
01:34:57,160 --> 01:34:58,160
Speaker 1: doesn't mean a damn thing.

1959
01:34:58,439 --> 01:35:00,559
Speaker 4: Well, I think there are two air is that have

1960
01:35:00,680 --> 01:35:02,479
Speaker 4: me a little bit of concern where that could put

1961
01:35:02,520 --> 01:35:05,360
Speaker 4: some political pressure on Washington. One of those is that

1962
01:35:05,400 --> 01:35:08,960
Speaker 4: we're starting to see absenteeism among air traffic controllers and

1963
01:35:09,040 --> 01:35:12,080
Speaker 4: TSA agents and so you know, imagine, if you know

1964
01:35:12,320 --> 01:35:13,840
Speaker 4: a lot of people travel for work, a lot of

1965
01:35:14,000 --> 01:35:17,160
Speaker 4: people travel for fun. If we start to have delays

1966
01:35:17,280 --> 01:35:19,960
Speaker 4: at airports, that's going to put a lot of political

1967
01:35:20,000 --> 01:35:23,800
Speaker 4: pressure in Washington. And furthermore, you know, in my line

1968
01:35:23,840 --> 01:35:26,479
Speaker 4: of work, what's more concerning to me is a lack

1969
01:35:26,560 --> 01:35:30,080
Speaker 4: of data that we have access to, whether it's inflation

1970
01:35:30,240 --> 01:35:33,360
Speaker 4: data that's not going to get announced. You know, some

1971
01:35:33,760 --> 01:35:37,760
Speaker 4: rate cut decisions that are kind of being made in

1972
01:35:37,800 --> 01:35:40,840
Speaker 4: the dark because we don't have this information. Because as

1973
01:35:40,840 --> 01:35:42,720
Speaker 4: far as interest rates are concerned, if we don't have

1974
01:35:42,800 --> 01:35:45,360
Speaker 4: the correct data, it becomes a lot more treacherous for

1975
01:35:45,400 --> 01:35:46,800
Speaker 4: the FED to make those decisions.

1976
01:35:46,840 --> 01:35:49,160
Speaker 3: Now, we're going to get some speeches from.

1977
01:35:49,040 --> 01:35:51,479
Speaker 4: A lot of the FED members you know, today and

1978
01:35:51,520 --> 01:35:53,479
Speaker 4: throughout the remaining part of the week. FED Share and

1979
01:35:53,479 --> 01:35:56,920
Speaker 4: PAL is going to speak today at twelve twenty pm,

1980
01:35:57,240 --> 01:35:58,799
Speaker 4: So we'll see what they have to say, but hopefully

1981
01:35:58,840 --> 01:36:00,920
Speaker 4: we'll get some guidance from them how they're approaching their

1982
01:36:00,920 --> 01:36:04,120
Speaker 4: decision to cut rates. I do still think we'll probably

1983
01:36:04,120 --> 01:36:06,679
Speaker 4: get a recut this month and probably another one in December,

1984
01:36:06,760 --> 01:36:07,280
Speaker 4: but it's hard to.

1985
01:36:07,280 --> 01:36:09,640
Speaker 3: Say because they just don't have access. Yeah, you just

1986
01:36:09,680 --> 01:36:10,800
Speaker 3: don't have access to the data.

1987
01:36:10,880 --> 01:36:12,640
Speaker 1: So but again back to the idea of this as

1988
01:36:12,680 --> 01:36:15,080
Speaker 1: being theater, it's these things that you just mentioned are

1989
01:36:15,160 --> 01:36:17,439
Speaker 1: enough to make us uncomfortable and pay attention that there's

1990
01:36:17,439 --> 01:36:19,360
Speaker 1: a shutdown right The fact that I'm waiting longer at

1991
01:36:19,360 --> 01:36:22,400
Speaker 1: an airport because TSA or you know, Nashville had to

1992
01:36:22,439 --> 01:36:24,120
Speaker 1: shut their tower down for a few hours is a

1993
01:36:24,120 --> 01:36:26,719
Speaker 1: pain in the bottom and get REROOD diverted my flight's canceled.

1994
01:36:26,880 --> 01:36:29,080
Speaker 1: That's an inconvenience. It's a pain in the butt. The

1995
01:36:29,120 --> 01:36:31,240
Speaker 1: report's coming out. As you mentioned, it makes your job

1996
01:36:31,320 --> 01:36:33,640
Speaker 1: harder to do as well, so they just want to

1997
01:36:33,640 --> 01:36:35,640
Speaker 1: make it. It's theater in a sense. It's like our

1998
01:36:35,720 --> 01:36:38,360
Speaker 1: national defense. All the core stuff is still working behind

1999
01:36:38,400 --> 01:36:40,599
Speaker 1: the scenes. Those people are still getting paid, but it's

2000
01:36:40,600 --> 01:36:43,320
Speaker 1: the ones we notice, and that's it's orchestrated that way.

2001
01:36:44,320 --> 01:36:49,040
Speaker 1: I know that the economist slash reporter Andrew ross Orkin

2002
01:36:49,960 --> 01:36:51,559
Speaker 1: is one of the names out there that's leading this.

2003
01:36:51,720 --> 01:36:53,920
Speaker 1: This is nineteen twenty nine all over again. Because when

2004
01:36:53,920 --> 01:36:56,160
Speaker 1: the markets are up, we had three years of growth,

2005
01:36:56,320 --> 01:36:59,080
Speaker 1: the economy soft, there's an underbelly, there's a bubble in

2006
01:36:59,120 --> 01:37:02,200
Speaker 1: AI right now, and October has always been a bad

2007
01:37:02,240 --> 01:37:04,960
Speaker 1: month for investors. The October effect as well. If you

2008
01:37:05,000 --> 01:37:07,240
Speaker 1: look at the history of crashes as you have, you

2009
01:37:07,280 --> 01:37:10,840
Speaker 1: know the October effect is somewhat a real thing. All

2010
01:37:10,840 --> 01:37:14,240
Speaker 1: of that together, October effects, October effect, and the economy

2011
01:37:14,280 --> 01:37:17,320
Speaker 1: and the underbelly economy. Right now, do you think that

2012
01:37:17,439 --> 01:37:22,040
Speaker 1: we are on the verge of another worldwide American specifically

2013
01:37:22,120 --> 01:37:24,680
Speaker 1: global collapse of the economy like we had with the

2014
01:37:24,720 --> 01:37:25,400
Speaker 1: great depression.

2015
01:37:25,800 --> 01:37:28,080
Speaker 4: No, No, And I think you have to understand that

2016
01:37:28,080 --> 01:37:31,120
Speaker 4: there are really three types of recessions. There is a

2017
01:37:31,120 --> 01:37:34,960
Speaker 4: cyclical recession like we normally have in general business cycles.

2018
01:37:34,600 --> 01:37:37,679
Speaker 4: It's a part of our overall business cycle. We also

2019
01:37:37,760 --> 01:37:40,599
Speaker 4: have we consider a venture even recessions like we had

2020
01:37:41,360 --> 01:37:43,840
Speaker 4: during the pandemic. Those usually are very sharp down and

2021
01:37:43,960 --> 01:37:47,080
Speaker 4: very quick and sharp up back to normal. But then

2022
01:37:47,080 --> 01:37:49,040
Speaker 4: we have what we call structural recession like we had

2023
01:37:49,040 --> 01:37:50,960
Speaker 4: in two thousand and eight. Those are the doozies. Those

2024
01:37:50,960 --> 01:37:53,400
Speaker 4: are the ones that we try to avoid. And as

2025
01:37:53,439 --> 01:37:56,040
Speaker 4: far as the economic data that we're seeing, you know,

2026
01:37:56,360 --> 01:37:58,800
Speaker 4: our growth is still remaining positive, the labor market is

2027
01:37:58,840 --> 01:38:02,640
Speaker 4: still decent, interest rates are starting to come down, and

2028
01:38:02,720 --> 01:38:07,200
Speaker 4: so when I see some of these publications, authors of

2029
01:38:07,240 --> 01:38:09,360
Speaker 4: these publications, a lot of it is fear mongering in

2030
01:38:09,360 --> 01:38:11,040
Speaker 4: my opinion. Now, that doesn't mean that we're not going

2031
01:38:11,080 --> 01:38:13,200
Speaker 4: to see a pullback. We could easily see a ten

2032
01:38:13,200 --> 01:38:17,519
Speaker 4: to fifteen twenty percent pullback over the next you know,

2033
01:38:17,800 --> 01:38:20,719
Speaker 4: six to twelve months. However, I don't see a major

2034
01:38:20,760 --> 01:38:23,280
Speaker 4: collapse on the horizon at this point because most of

2035
01:38:23,280 --> 01:38:24,559
Speaker 4: our data is fairly stable.

2036
01:38:24,920 --> 01:38:28,760
Speaker 1: Okay, And I think That's probably what most people are saying,

2037
01:38:28,840 --> 01:38:30,800
Speaker 1: is like, well, you know, we we learned a lot

2038
01:38:30,800 --> 01:38:33,080
Speaker 1: from nineteen twenty nine. The other thing, in nineteen twenty nine,

2039
01:38:33,080 --> 01:38:36,240
Speaker 1: we had everyone was borrowing money to invest in stocks.

2040
01:38:36,240 --> 01:38:38,200
Speaker 1: They never realized that if it went and he had direction,

2041
01:38:38,280 --> 01:38:39,840
Speaker 1: they'd be left holding the bag and they have a

2042
01:38:39,880 --> 01:38:42,800
Speaker 1: you know, basically, what does a margin call? Now I

2043
01:38:42,840 --> 01:38:44,760
Speaker 1: owe all this money that I don't have because I

2044
01:38:44,880 --> 01:38:48,479
Speaker 1: borrowed because the my investments, my stocks kept going through

2045
01:38:48,520 --> 01:38:50,280
Speaker 1: the roof, and so you just borrow more money and

2046
01:38:50,320 --> 01:38:52,040
Speaker 1: get more in debt, and that wiped a lot of

2047
01:38:52,040 --> 01:38:55,160
Speaker 1: people out. We have things in place to prevent that

2048
01:38:55,200 --> 01:38:56,439
Speaker 1: from happening. Now that's different.

2049
01:38:57,040 --> 01:38:58,880
Speaker 4: Yeah, And I think that's exactly what happened in two

2050
01:38:58,880 --> 01:39:01,120
Speaker 4: thousand and seven and two thousand with the housing crisis, right,

2051
01:39:01,160 --> 01:39:04,519
Speaker 4: I mean, it's almost identical. People were borrowing, lenders were

2052
01:39:04,520 --> 01:39:07,160
Speaker 4: giving them money made no sense, things that right, things

2053
01:39:07,160 --> 01:39:10,200
Speaker 4: they couldn't afford, and you know, that's why we had

2054
01:39:10,200 --> 01:39:12,479
Speaker 4: a significant collapse then, and that was really hard to

2055
01:39:12,520 --> 01:39:15,560
Speaker 4: recover from. And so we continue to put more guardrails

2056
01:39:15,560 --> 01:39:18,639
Speaker 4: on that. You know, we we put more stringent lending

2057
01:39:18,680 --> 01:39:21,800
Speaker 4: requirements on banks with a little bit more scrutiny. And

2058
01:39:21,840 --> 01:39:24,439
Speaker 4: before that, you know, the lenders were just well tell

2059
01:39:24,439 --> 01:39:25,160
Speaker 4: me how much you make.

2060
01:39:25,200 --> 01:39:28,400
Speaker 1: All right, here you go, yeah right, yeah, Well that

2061
01:39:28,560 --> 01:39:32,080
Speaker 1: was also precipitated by bad government policy, you know, and

2062
01:39:32,800 --> 01:39:35,439
Speaker 1: back then in eight that was precipitated about help Obama.

2063
01:39:35,520 --> 01:39:37,519
Speaker 1: Bush had a hand in that too, going well, we

2064
01:39:37,560 --> 01:39:39,760
Speaker 1: can't not have people have houses. And then of course

2065
01:39:39,800 --> 01:39:43,920
Speaker 1: you had people in communities and the like that are affected,

2066
01:39:43,960 --> 01:39:46,639
Speaker 1: going here, we're redlining, you're preventing us from getting real estate.

2067
01:39:46,680 --> 01:39:48,320
Speaker 1: And so they just hope and said, Okay, we don't

2068
01:39:48,360 --> 01:39:51,240
Speaker 1: want to be labeled as racist or classes. So here,

2069
01:39:51,320 --> 01:39:53,679
Speaker 1: here's just take some So we had is people buying

2070
01:39:53,680 --> 01:39:55,719
Speaker 1: houses with no money down. As a matter of fact,

2071
01:39:56,280 --> 01:39:58,160
Speaker 1: one of the first deals, because Michelle had just got

2072
01:39:58,160 --> 01:40:01,080
Speaker 1: into real estate then about a couple of years, she

2073
01:40:01,120 --> 01:40:03,240
Speaker 1: had a deal. We couldn't figure it out that someone

2074
01:40:03,280 --> 01:40:04,800
Speaker 1: came and bought a house and I don't know what

2075
01:40:04,840 --> 01:40:06,960
Speaker 1: the house costs. Let's say it was one hundred and

2076
01:40:06,960 --> 01:40:10,559
Speaker 1: fifty thousand dollars. They didn't put any money down at closing,

2077
01:40:10,600 --> 01:40:12,719
Speaker 1: and at closing they got a check for five thousand

2078
01:40:12,800 --> 01:40:15,479
Speaker 1: dollars so they could buy furniture for the house, and like,

2079
01:40:15,880 --> 01:40:18,200
Speaker 1: how do you buy a house and not put any

2080
01:40:18,200 --> 01:40:20,920
Speaker 1: money down? Of course what happened was, you know, we

2081
01:40:21,000 --> 01:40:24,320
Speaker 1: had that the stock market that crash with housing and

2082
01:40:24,400 --> 01:40:26,160
Speaker 1: now everyone's upside down, and they, because they had no

2083
01:40:26,200 --> 01:40:27,920
Speaker 1: skin in the game, would trash the house or just

2084
01:40:28,280 --> 01:40:30,160
Speaker 1: leave the keys sitting there and just walk away from it.

2085
01:40:31,520 --> 01:40:34,720
Speaker 1: And you know, we I guess that's an example of

2086
01:40:35,240 --> 01:40:37,720
Speaker 1: maybe what we've learned from but history repeats itself. It

2087
01:40:37,760 --> 01:40:39,920
Speaker 1: might be in a different fashion. I don't know if

2088
01:40:39,960 --> 01:40:42,400
Speaker 1: it's going to be AI or not, but that certainly

2089
01:40:42,439 --> 01:40:45,439
Speaker 1: is interesting when you put in historical perspectives. Anyway, He's

2090
01:40:45,439 --> 01:40:48,719
Speaker 1: Andy shafferd all Worth Financial. The show is simply money

2091
01:40:48,760 --> 01:40:51,640
Speaker 1: tonight at six o'clock on fifty five KR. See we'll

2092
01:40:51,640 --> 01:40:53,240
Speaker 1: talk again next Tuesday, Buddy, be.

2093
01:40:53,200 --> 01:40:55,280
Speaker 3: Well, okay, Scott looking forward to it, Yes.

2094
01:40:55,160 --> 01:40:57,639
Speaker 1: Sir, you got it. We'll get to news and then

2095
01:40:57,720 --> 01:41:01,200
Speaker 1: Willie takes over at twelve six. Today we've got football

2096
01:41:01,240 --> 01:41:04,240
Speaker 1: coming up Thursday night. Alright, it's Tuesday, Wednesday, two more days.

2097
01:41:04,240 --> 01:41:08,120
Speaker 1: We've got football in NATI. The season. The season hinges

2098
01:41:08,479 --> 01:41:10,880
Speaker 1: on the Steelers and the Bengals if they can get

2099
01:41:10,880 --> 01:41:13,800
Speaker 1: it done Thursday night. There's a chance, there's a really

2100
01:41:13,800 --> 01:41:17,800
Speaker 1: good chance, if not not so good. When's Opening Day?

2101
01:41:18,080 --> 01:41:20,000
Speaker 1: Seven W Cincinnati