WEBVTT - "Nation's First" Is Always A Bad Thing 0:00:06.760 --> 0:00:11.080 Broadcasting live from the Abraham Lincoln Radio Studio, the George 0:00:11.119 --> 0:00:15.120 Washington Broadcast Center, Jack Armstrong and Joe, Katty. 0:00:15.080 --> 0:00:17.599 Armstrong and Katty and Hee. 0:00:20.320 --> 0:00:32.040 Armstrong and Yetty and Finally, Netflix has a new dating 0:00:32.080 --> 0:00:34.840 show called Weight to Date that will follow a group 0:00:34.880 --> 0:00:37.040 of people who have lost large amounts of weight and 0:00:37.080 --> 0:00:40.560 are now attempting to find love. Yeah, and here's the 0:00:40.600 --> 0:00:41.160 cruel twist. 0:00:41.280 --> 0:00:47.600 Some of them are cake, some of them are kake. 0:00:47.720 --> 0:00:50.960 Why don't I get that joke? Is there something missing? 0:00:51.040 --> 0:00:52.040 I don't get the jokes. 0:00:52.280 --> 0:00:53.480 Trying to find love? 0:00:53.680 --> 0:00:56.960 Anyway, Speaking of losing weight, I've had more people ask 0:00:57.080 --> 0:00:59.639 me about the whole golp one thing that I went 0:00:59.680 --> 0:01:01.800 on there and practically anything I've ever talked about on 0:01:01.840 --> 0:01:03.680 the air. And then we get lots of text of emails, 0:01:03.840 --> 0:01:07.120 probably because every human being easy either on it or 0:01:07.160 --> 0:01:10.560 has thought about it. I mean, with very rare exceptions, 0:01:10.720 --> 0:01:13.800 pro athletes accepted. I mean, and that might be it. 0:01:14.520 --> 0:01:17.200 Plus, in an admission that I don't even want to 0:01:17.200 --> 0:01:19.800 make on the air, I got sucked into the Hairy 0:01:20.680 --> 0:01:22.119 and Megan Markle story. 0:01:22.400 --> 0:01:25.480 I'll explain why they got me. 0:01:26.600 --> 0:01:30.200 What's oldest, then America's most embarrassing couple. Yeah, we'll have 0:01:30.200 --> 0:01:32.679 to talk about the famous South Park episode about them. 0:01:32.800 --> 0:01:37.520 I'll tell you. I took a photo of Jack from 0:01:37.640 --> 0:01:39.800 your vacation and I plugged it in a chat GPT 0:01:39.959 --> 0:01:42.479 and I told it to show me what you would 0:01:42.480 --> 0:01:45.160 look like if you were twenty pounds lighter. Do not 0:01:45.319 --> 0:01:47.640 go too far, No, no, no, I know that I 0:01:47.680 --> 0:01:50.200 couldn't lose twenty pounds. I would be I would be 0:01:50.240 --> 0:01:53.920 a skeleton. It'll just I mean, your your body's going 0:01:53.920 --> 0:01:56.840 to continue to lose. That is That is my biggest problem. 0:01:56.880 --> 0:01:58.040 I don't know what I'm going to do about that. 0:01:58.080 --> 0:02:00.240 But anyway, I wasn't gonna talk about that here. So 0:02:00.640 --> 0:02:02.720 did you tease the thing? Oh? You tease making. 0:02:05.600 --> 0:02:06.280 I'm ashamed. 0:02:06.360 --> 0:02:09.760 I am, Oh my god. So do you know about 0:02:09.800 --> 0:02:13.440 California's tire law. If you don't live in California, you 0:02:13.480 --> 0:02:16.640 don't specifically care. But it's a good example of the 0:02:16.680 --> 0:02:19.360 sort of thing that states like California do. And you're 0:02:19.360 --> 0:02:22.200 about to hear Gavin Newsom trying to put lipstick on 0:02:22.240 --> 0:02:24.200 a peg of why it's good for you. It's the 0:02:24.280 --> 0:02:28.040 sort of thing I hate the most. It's government overreach, 0:02:28.320 --> 0:02:33.840 it's taking away economic freedom and choice. It doesn't make sense. 0:02:34.120 --> 0:02:37.040 I mean, there's all kinds of problems with it. So 0:02:37.160 --> 0:02:39.200 the new tire law, it's not actually a law, it's 0:02:39.200 --> 0:02:41.320 a regulation, which is another issue. 0:02:41.919 --> 0:02:45.680 That's the regulation you can get fined for breaking. 0:02:46.120 --> 0:02:48.320 That sounds like a lot of making right. That's the 0:02:48.360 --> 0:02:50.560 whole tim Sandifer. They pass a law that says no 0:02:50.680 --> 0:02:52.920 bad things, and then the regulators get to put in 0:02:52.919 --> 0:02:56.080 any regulations they want in there that have the power 0:02:56.120 --> 0:02:58.040 of a law. As Joe just pointed out, So the 0:02:58.040 --> 0:03:04.520 California Energy Commission unanimously approved the nation's first anytime I 0:03:04.560 --> 0:03:09.040 hear nations first, it's almost always a bad thing. How 0:03:09.080 --> 0:03:12.520 often when you hear nations first law somewhere does it 0:03:12.560 --> 0:03:15.240 turn out to be a good thing? Anyway, The nation's 0:03:15.280 --> 0:03:19.640 first tire efficiency standards on Monday. It targets rolling resistance, 0:03:19.680 --> 0:03:23.280 the energy attire loses as it rolls. It phases in 0:03:23.360 --> 0:03:29.640 starting in twenty twenty nine, seventy percent of tires currently 0:03:29.760 --> 0:03:33.399 sold would not qualify. Now a little background in case 0:03:33.440 --> 0:03:35.240 you don't know this. Maybe you don't know this. You 0:03:35.720 --> 0:03:38.320 know that you like the way low profile tires and 0:03:38.320 --> 0:03:41.920 big wheels look. That's why. Originally it was like an 0:03:42.000 --> 0:03:44.320 aftermarket thing that a lot of cool people put on 0:03:44.360 --> 0:03:47.720 their vehicles to make a cool look cooler than every 0:03:47.960 --> 0:03:53.040 car company, Ford, Chevy, BMW. Everybody realized that people are 0:03:53.080 --> 0:03:55.280 putting on aftermarket tires and wheels, why don't we get 0:03:55.280 --> 0:03:58.320 in on it. And so almost every vehicle sold beyond 0:03:58.440 --> 0:04:03.480 a very basic car has some sort of low profile, 0:04:03.480 --> 0:04:06.760 bigger tire on it, bigger wheel on it. They aren't efficient. 0:04:06.840 --> 0:04:08.360 I don't know if you know this. It makes your 0:04:08.400 --> 0:04:12.400 car ride rougher. The tires are more expensive, they don't 0:04:12.480 --> 0:04:14.640 last as long, but we all like the way they look, 0:04:15.040 --> 0:04:17.159 so we all buy cars with them on. It's just 0:04:17.200 --> 0:04:20.279 a fact, that's why. And that's what they're hitting. The 0:04:20.320 --> 0:04:22.360 old tire that like your mom and dad's car had, 0:04:22.400 --> 0:04:26.039 and that had a lot more sidewall, those big grounds 0:04:26.080 --> 0:04:28.320 and the smell. Those are much better tires in terms 0:04:28.320 --> 0:04:30.520 of a ride and efficiency. That's what the state of 0:04:30.520 --> 0:04:33.120 California's going to try to force you back into. But anyway, 0:04:33.440 --> 0:04:38.400 seventy percent of tires stole them, the State of California 0:04:38.400 --> 0:04:40.560 will not qualify. So when you go to replace the 0:04:40.600 --> 0:04:42.520 tires on your car, because you kind of like the 0:04:42.520 --> 0:04:45.000 low profile big wheel. Look, you're not gonna be able 0:04:45.040 --> 0:04:49.599 to they're illegal. They're illegal. They've made it illegal. And 0:04:49.680 --> 0:04:53.080 the idea is it's helping you. Here's Gavin Newsome explaining 0:04:53.120 --> 0:04:54.880 how he's doing something nice for you. 0:04:55.320 --> 0:04:59.160 Hey, I look the ROI is pretty good. The return 0:04:59.200 --> 0:05:02.599 on investment. Yeah, back to just facts said a billion 0:05:02.640 --> 0:05:05.640 dollars a year in fuel. You talk about affordability agenda, 0:05:05.720 --> 0:05:10.599 That makes some sense to me. You'd be wise to 0:05:10.640 --> 0:05:14.440 take advantage of new efficient tires lower your cost at 0:05:14.480 --> 0:05:17.120 the pump. And that was born out a lot of 0:05:17.160 --> 0:05:19.159 public testament. And this has been a process over two 0:05:19.200 --> 0:05:22.240 plus years. They've been working on this. I think last 0:05:22.279 --> 0:05:24.680 year there was some effort to move forward. There was 0:05:24.760 --> 0:05:28.039 some delay. They worked with the tire manufacturers. The vast 0:05:28.080 --> 0:05:31.080 majority came on board. One did not. One notable one 0:05:31.120 --> 0:05:34.839 did not, But the vast majority embraced it. But from 0:05:34.839 --> 0:05:39.640 a consumer perspective they didn't. The savings is self evident, 0:05:39.720 --> 0:05:41.600 and so I think it was a good choice. 0:05:41.360 --> 0:05:44.000 In that which it's easy to explain why tire manufacturers 0:05:44.279 --> 0:05:47.840 motorcycle companies. This I've known my whole life because back 0:05:47.880 --> 0:05:50.039 when I used to look at cool motorcycles living in 0:05:50.080 --> 0:05:53.400 the Midwest. It was always not available in California, or 0:05:53.560 --> 0:05:56.200 a different version that is sold in California, or what 0:05:56.360 --> 0:06:00.440 usually happens because California is the biggest market in a Erica. 0:06:01.120 --> 0:06:04.400 Is it forces what the tire company saw the law 0:06:04.440 --> 0:06:06.320 coming and thought, Okay, we better get on board because 0:06:06.320 --> 0:06:08.960 this is clearly gonna happen, and uh and so they 0:06:09.000 --> 0:06:10.520 had to come up with a way to make it work. 0:06:12.760 --> 0:06:15.160 But anyway, the whole it's gonna save you might it's 0:06:15.160 --> 0:06:18.320 gonna save a billion dollars there. Like I said, the 0:06:18.360 --> 0:06:21.760 old style tire is more efficient. But we've all clearly 0:06:21.800 --> 0:06:25.520 made the personal choice. I'm willing to have more expensive 0:06:25.560 --> 0:06:28.920 tires that get slightly less gas mileage and cost a 0:06:28.960 --> 0:06:31.960 little more because I think they look cooler. As an American, 0:06:32.160 --> 0:06:34.240 I feel like I get to make that choice. You 0:06:34.320 --> 0:06:36.279 made that choice. I made that choice. I don't know 0:06:36.279 --> 0:06:38.640 if you knowingly made that choice. I knew I made 0:06:38.640 --> 0:06:41.760 that choice. Yes, it would be save money if I 0:06:41.880 --> 0:06:44.320 put on this old style tire that I don't like 0:06:44.360 --> 0:06:47.160 the look of. But I don't wanna. But the governments 0:06:47.200 --> 0:06:49.120 saying I'm gonna make the governor saying I'm gonna make 0:06:49.160 --> 0:06:51.920 you and it's good for you, so suck it. 0:06:51.920 --> 0:06:54.839 Up right, And the tire companies have said, boy, there 0:06:54.880 --> 0:06:58.400 are estimates of how much more expensive these new demands 0:06:58.440 --> 0:07:00.919 on tires are gonna be. Are where there's this math 0:07:00.960 --> 0:07:03.560 coming from. They're going to be way, way more expensive 0:07:04.120 --> 0:07:07.200 for drivers. See, you're gonna spend hundreds of dollars more 0:07:07.279 --> 0:07:10.400 upfront on your new tires than according to Gavi and 0:07:10.520 --> 0:07:11.840 his paid liars. 0:07:11.720 --> 0:07:14.120 In the utterly corrupt new Submit administration. 0:07:14.600 --> 0:07:16.880 You will save you know, a tenth of a cent, 0:07:17.320 --> 0:07:19.960 you know, every two weeks for the rest of your life, 0:07:19.960 --> 0:07:22.040 and you'll come out way ahead. As Gavin said, the 0:07:22.120 --> 0:07:24.040 return on investments are pretty good. 0:07:25.080 --> 0:07:27.320 Well, what's gonna happen is a lot of people are 0:07:27.360 --> 0:07:30.000 going to go to Oregon or Nevada or Arizona and 0:07:30.040 --> 0:07:31.760 get tires to put on their car because they like 0:07:31.800 --> 0:07:33.080 the tires that came with. 0:07:33.040 --> 0:07:37.080 Their car right right, And soon they'll outlaw them and 0:07:37.440 --> 0:07:40.800 have tire police checking tires. If you're found to have 0:07:40.840 --> 0:07:43.680 illegal Nevada tires, they'll just slash your tires. 0:07:43.480 --> 0:07:44.760 Right there at the target store. 0:07:44.920 --> 0:07:47.440 So what drives this sort of thing? What makes a 0:07:47.440 --> 0:07:49.400 guy get up in the morning and think, you know what, 0:07:50.520 --> 0:07:53.040 all these people driving around with their cool looking tires. 0:07:53.080 --> 0:07:55.760 I hate that. So I'm gonna come up with a 0:07:55.760 --> 0:07:58.640 way to force them to use tires. They don't like 0:08:00.480 --> 0:08:01.520 that sort of thing. 0:08:02.800 --> 0:08:06.840 Especially because the free market, if this actually penciled out, 0:08:07.040 --> 0:08:10.160 would be delighted to sell you better mileage tires. They 0:08:10.160 --> 0:08:12.400 would market the crap out of them. People would think, huh, 0:08:12.400 --> 0:08:14.520 I got to replace my tires. I love that idea, 0:08:14.760 --> 0:08:17.360 and they would buy them. Now, it's just forcing you 0:08:17.440 --> 0:08:23.120 to allegedly save a teeny tiny bit of gas. 0:08:23.120 --> 0:08:26.600 I guess, well, it's outlawing a style that you clearly chose. 0:08:27.040 --> 0:08:28.240 To me, it would be the same as if they 0:08:28.240 --> 0:08:31.080 outlawed high heels and said it's going to benefit women. 0:08:31.080 --> 0:08:33.960 It'll be more comfortable, it'll be less ankle injuries in this. 0:08:34.040 --> 0:08:36.400 So you don't get to choose it's a benefit, it's 0:08:36.400 --> 0:08:39.280 a return on investment because it's the same thing. It's 0:08:39.280 --> 0:08:41.760 a style. People have chosen a style of tire that 0:08:41.840 --> 0:08:44.280 is less efficient, but we chose it ourselves. We know 0:08:44.360 --> 0:08:45.920 that there's a decision we got to make. 0:08:46.720 --> 0:08:47.080 Yeah. 0:08:47.160 --> 0:08:49.640 Yeah, this reminds me of our discussion last hour about 0:08:49.640 --> 0:08:53.360 the college kids being asked about socialism, and how easy 0:08:53.400 --> 0:08:56.640 it was to explode their argument. I mean it was effortless. 0:08:56.679 --> 0:09:00.400 Took about ten seconds to convince them, Oh, socialist a 0:09:00.480 --> 0:09:04.200 terrible system. It's unfair to those who work hard. In 0:09:04.280 --> 0:09:08.000 the same way, it's the same sort of reasoning that 0:09:08.040 --> 0:09:11.520 brings you, for instance, in California, making it impossible for 0:09:11.559 --> 0:09:15.320 the refineries to operate in California, and they are closing 0:09:15.360 --> 0:09:18.200 one after the other, and soon there'll be very few indeed, 0:09:18.280 --> 0:09:20.120 and gas will continue to get more and more expensive 0:09:20.120 --> 0:09:25.680 in California. So California has to spend more money to 0:09:26.040 --> 0:09:30.040 out of state at out of state refineries and or 0:09:30.520 --> 0:09:34.839 trucking gasoline from horrific regimes that don't give a crap 0:09:34.880 --> 0:09:38.559 about the environment that pollute many times more than California 0:09:38.720 --> 0:09:41.960 refineries do. And you got a pollute to get the 0:09:42.240 --> 0:09:44.320 gas there to California. 0:09:44.480 --> 0:09:47.040 So that is the. 0:09:47.080 --> 0:09:51.840 Enlightened mind of the environmentalist in the California government. 0:09:52.600 --> 0:09:57.400 It's so self evidently stupid. I just, hey, is anybody 0:09:57.440 --> 0:10:00.920 snapped a picture of Gavin Newsom in and Escalade with 0:10:00.960 --> 0:10:03.080 the low profile tires or whatever it is that he 0:10:03.160 --> 0:10:05.520 rides around, and I guarantee you he drives around in 0:10:05.559 --> 0:10:08.080 a cool vehicle that's got low profile tires that don't 0:10:08.120 --> 0:10:15.000 qualify almost guaranteed. Yeah, I don't know whatever good for you? 0:10:15.080 --> 0:10:19.680 Aren't you? Aren't you? Aren't you fantastic? I just don't 0:10:19.760 --> 0:10:22.320 I don't understand the way you people look at the world. 0:10:23.920 --> 0:10:25.960 They look at the world through the lens of will 0:10:25.960 --> 0:10:29.440 this get me congratulations from people who think like me. 0:10:30.360 --> 0:10:33.600 They don't even ask whether it will be effective or 0:10:33.679 --> 0:10:36.440 good for the taxpayer, or is smart public policy. 0:10:36.480 --> 0:10:38.440 They don't care. They just want to be lauded by 0:10:38.480 --> 0:10:39.000 their peers. 0:10:39.040 --> 0:10:40.719 Well, you could just start at freedom, and I get 0:10:40.720 --> 0:10:44.600 to have whatever kind of tire I want, right exactly. 0:10:44.960 --> 0:10:50.040 So Simply Safe is celebrating their twentieth anniversary, and it's 0:10:50.080 --> 0:10:54.679 not surprising. It is so good, so customizable, so smart. 0:10:54.720 --> 0:10:57.760 I mean old systems if you even use them, because 0:10:57.760 --> 0:11:01.800 they're complicated and crappy. Simply the old systems would just 0:11:01.800 --> 0:11:05.960 alert you, hey, somebody smashed in your windows. Simply Safe 0:11:06.120 --> 0:11:09.160 with their AI powered outdoor cameras, they detect the suspicious 0:11:09.160 --> 0:11:12.160 activity at the perimeter and alert live US based agents 0:11:12.200 --> 0:11:14.959 to step in, and then the agents assess the threat 0:11:15.000 --> 0:11:17.440 intervened through the outdoor camera and actually talk to the 0:11:17.679 --> 0:11:20.960 miscreant to scare them off, or they called nine one 0:11:21.120 --> 0:11:23.360 one for dispatch with specifics for the cops. 0:11:23.400 --> 0:11:24.199 It's so much better. 0:11:24.800 --> 0:11:27.640 A simply Safe copy says it's designed to secure your 0:11:27.679 --> 0:11:30.000 castle before an intruder can ever step foot inside. I 0:11:30.040 --> 0:11:32.960 like you referring to my home as a castle. Simply 0:11:33.000 --> 0:11:34.880 Safe has been protecting the world for twenty years, and 0:11:34.880 --> 0:11:37.559 you can celebrate their anniversary with us and save sixty 0:11:37.760 --> 0:11:40.600 percent on your new simply Safe system at simply safe 0:11:40.679 --> 0:11:42.280 dot com slash armstrong. 0:11:42.840 --> 0:11:45.559 No long term contracts. They earn your business every single 0:11:45.640 --> 0:11:48.400 day simply safe dot com slash armstrong for that sixty 0:11:48.440 --> 0:11:50.920 percent off, make sure you mentioned ang sends you if 0:11:50.920 --> 0:11:53.600 they ask uh once one more time simply safe dot 0:11:53.640 --> 0:11:54.480 com slash armstrong. 0:11:54.480 --> 0:11:55.920 There's no safe like simply Safe. 0:11:56.040 --> 0:11:59.280 That's one of the things that drives me crazy about 0:11:59.280 --> 0:12:04.240 hardcore like people who let economics rule the world, and 0:12:04.320 --> 0:12:08.440 that like everybody's always going to choose what's clearly the 0:12:08.480 --> 0:12:14.880 best idea for rational reasons. What most people drive every 0:12:14.960 --> 0:12:18.280 day is completely irrational. You don't need four wheel drive, 0:12:18.600 --> 0:12:21.800 you don't need anything that big the kind of tires 0:12:21.800 --> 0:12:24.400 Gavin Newsom's talking about what obviously they would last longer 0:12:24.400 --> 0:12:27.160 and you'd better gas. But we didn't do that because 0:12:27.240 --> 0:12:30.000 we wanted something that looked cool and felt cool, and 0:12:30.080 --> 0:12:31.800 we get to right. 0:12:32.440 --> 0:12:35.360 Economics has finally started to realize that and it's become 0:12:35.360 --> 0:12:38.400 a much more interesting field. Now there's some great groundbreaking 0:12:38.960 --> 0:12:44.480 psychological economists. That's not the term they use, but behavioral economists. Yeah, yeah, 0:12:44.640 --> 0:12:49.679 super good. But just the nanny state, the overregulated, choking business, 0:12:50.200 --> 0:12:55.400 bleeding population, driving business out one after another, nanny state 0:12:55.400 --> 0:12:56.120 of California. 0:12:56.120 --> 0:12:57.680 I said nanny state twice. Apology. 0:12:57.800 --> 0:13:00.600 I hope somebody keeps track of how many hours are 0:13:00.679 --> 0:13:04.000 spent on cable and network news on television as I'm 0:13:04.040 --> 0:13:08.680 looking at all the TVs national debt hitting forty trillion 0:13:08.880 --> 0:13:12.960 versus Harry and Meghan returning to Britain. So far, looking 0:13:12.960 --> 0:13:15.760 at my televisions, Harry and Meghan is winning the race 0:13:15.840 --> 0:13:16.559 by a lot. 0:13:19.360 --> 0:13:23.640 I have some fascinating Harry and Meghan information before you're 0:13:23.640 --> 0:13:24.080 coming up. 0:13:24.240 --> 0:13:27.320 Can't wait to kick those two some more. That's next. 0:13:28.960 --> 0:13:45.240 Armstrong, Hey, the Armstrong and Getty Show. 0:13:46.679 --> 0:13:48.920 It shouldn't be the number one news story of the day, 0:13:48.920 --> 0:13:51.600 But it's feeling like it is Prince Harry and Meghan 0:13:51.640 --> 0:13:53.120 returning to Great Britain. 0:13:55.600 --> 0:13:59.600 Says Great Britain to the returning Prince and his sexy 0:13:59.600 --> 0:14:01.200 america An actress bride. 0:14:01.240 --> 0:14:03.000 How long ago was it they made such a big 0:14:03.040 --> 0:14:05.200 deal of leaving because they didn't want to be part 0:14:05.200 --> 0:14:07.800 of the royal family and Great Britain is too oppressive 0:14:07.920 --> 0:14:08.480 or something. 0:14:08.640 --> 0:14:12.079 I don't know, and I don't care. I don't care 0:14:12.120 --> 0:14:14.079 about any of this, and yet I got sucked into 0:14:14.120 --> 0:14:16.520 the story. Why are they really moving back to Great Britain. 0:14:16.800 --> 0:14:19.320 I've become convinced it's because they have kids and they 0:14:19.360 --> 0:14:21.920 want the kids to know the family, especially because King Chuck. 0:14:21.800 --> 0:14:22.440 Is about to die. 0:14:22.840 --> 0:14:25.880 You think he is so yeah, he's I can't remember 0:14:25.920 --> 0:14:28.840 the term they used, but his cancer treatment is in 0:14:28.880 --> 0:14:33.560 a not very aggressive stage at this point. What cancer does, 0:14:33.600 --> 0:14:38.280 and he's seventy seven, I don't remember. Prostate cancer maybe, 0:14:38.280 --> 0:14:40.760 but one of the more aggressive I don't remember precisely, 0:14:40.800 --> 0:14:42.840 but he's seventy seven years old. He said to not 0:14:42.880 --> 0:14:44.560 be doing super great. He's not going to live a 0:14:44.560 --> 0:14:47.000 ton longer, and they want their kids to know their 0:14:47.040 --> 0:14:48.040 grandpa who's going to go. 0:14:48.200 --> 0:14:49.880 That's a good reason. But who's going to be king 0:14:51.720 --> 0:14:52.320 when he dies? 0:14:52.840 --> 0:14:58.120 Wills Prince William that's the bald guy. Yeah, yeah, the 0:14:59.080 --> 0:14:59.920 respectable one. 0:15:00.240 --> 0:15:01.960 He's young, he could be king. Well, he'll be king 0:15:01.960 --> 0:15:03.360 the rest of my life unless something happs. 0:15:03.920 --> 0:15:05.400 Yeah, well that's exciting. 0:15:05.440 --> 0:15:08.160 And I didn't care about any of this, but so 0:15:08.520 --> 0:15:11.920 my I can't believe you, of all people are talking 0:15:12.000 --> 0:15:13.960 about this. I want to get to the interesting part 0:15:14.000 --> 0:15:15.960 because I don't give a crap about the royalty. 0:15:16.560 --> 0:15:19.240 So my suspicion was they were moving. 0:15:19.080 --> 0:15:24.640 Back because they bought an enormous pad in Malibu for 0:15:26.200 --> 0:15:30.200 fifteen almost fifteen million dollars back in twenty twenty. Okay, 0:15:30.760 --> 0:15:34.320 and I read this three days later. The company, their 0:15:34.480 --> 0:15:38.200 company took out a nine point five million dollar loan 0:15:38.240 --> 0:15:43.080 from City National Bank, an adjustable rate mortgage that started. 0:15:42.680 --> 0:15:44.080 At two point four nine. 0:15:44.400 --> 0:15:50.440 It could move getting an adjustable game, and it's climbed 0:15:50.480 --> 0:15:51.640 as high as seven and a half. 0:15:52.120 --> 0:15:52.720 Wow. 0:15:53.720 --> 0:15:56.320 Oh, it's capable of climbing as high as seven and 0:15:56.320 --> 0:16:00.280 a half percent once it resets in just a couple 0:16:00.360 --> 0:16:03.640 of years. So okay, so it hasn't adjusted yet. But anyway, 0:16:03.880 --> 0:16:11.040 so my thought was nobody watches their crappy documentaries or 0:16:11.120 --> 0:16:13.960 wants to listen to their crappy podcast So all of 0:16:14.040 --> 0:16:17.880 their business prospects are going teats up, and they've got 0:16:17.880 --> 0:16:21.480 this enormous pad. And here's where it gets interesting. So 0:16:21.640 --> 0:16:27.040 since they took out that mortgage, the loan alone runs 0:16:27.040 --> 0:16:30.480 somewhere between forty and forty three thousand dollars a month, 0:16:30.520 --> 0:16:30.880 oh my. 0:16:30.960 --> 0:16:33.920 God, forty five thousand dollars a month house payment. 0:16:34.440 --> 0:16:36.800 That's a north of four hundred and eighty grand a 0:16:36.880 --> 0:16:41.640 year before taxes, insurance, or a single gardener gets paid 0:16:41.920 --> 0:16:45.640 for their enormous mansion on a big plot of land. 0:16:47.040 --> 0:16:52.560 And the tax bill, let's see the county tax history, 0:16:52.680 --> 0:16:56.040 says that they're now paying one hundred and forty nine 0:16:56.080 --> 0:16:58.920 thousand dollars one hundred and fifty thousand dollars a year 0:16:59.000 --> 0:17:00.400 in property. 0:17:00.120 --> 0:17:01.600 Axes, oh my god. 0:17:02.240 --> 0:17:06.880 And in general, the cost of ownership is at least 0:17:06.920 --> 0:17:12.159 six hundred thousand dollars a year and without any labor 0:17:12.240 --> 0:17:14.920 cost for a pad that big and a wise man 0:17:14.960 --> 0:17:17.000 once told me, and I have found this to be true, Joe, 0:17:17.240 --> 0:17:22.040 big house, big bills, it's true. So yeah, they they've 0:17:22.040 --> 0:17:26.040 got such a ginormous monthly nut to make that they're 0:17:26.119 --> 0:17:30.280 trying to unload this mansion allegedly and go back to 0:17:30.320 --> 0:17:31.719 Britain to figure out what they want to do. 0:17:31.800 --> 0:17:34.359 But it's because nobody wants to watch their crappy stuff. 0:17:34.720 --> 0:17:38.320 Well I wonder if they were misled somewhat by you know, 0:17:38.520 --> 0:17:40.080 you grow up in Great Britain as a royal and 0:17:40.119 --> 0:17:43.200 you think, Wow, everybody's into everything we do all the time, 0:17:43.880 --> 0:17:46.320 and then you move to America or anywhere else and realize, wow, 0:17:46.359 --> 0:17:48.359 people don't give a crap about the royal family. 0:17:48.760 --> 0:17:51.399 We've got to compete on the merits. Oh my god. 0:17:51.600 --> 0:17:54.240 So anyway, the interesting thought part I thought was just 0:17:54.280 --> 0:17:57.040 the carrying costs of a property that big and extensive. 0:17:57.720 --> 0:18:00.760 I remember that the South Park episode shortly after they 0:18:00.800 --> 0:18:02.720 got here, that was so funny. It was Prince Harry 0:18:02.760 --> 0:18:04.680 on the roof of the house with a bullhorn, leave 0:18:04.760 --> 0:18:08.199 us alone, we want our privacy, mocking the idea that 0:18:08.240 --> 0:18:10.160 you keep talking about how you want privacy, but you're 0:18:10.200 --> 0:18:14.040 on TV and in our face every single day. You 0:18:14.080 --> 0:18:15.720 want privacy, go away. 0:18:16.800 --> 0:18:17.440 Right right? 0:18:17.520 --> 0:18:20.199 Well, they're going back to Mary Old England, home of 0:18:20.240 --> 0:18:23.800 the static economy, and socialism and a growing problem with 0:18:24.119 --> 0:18:25.879 angry Muslims. 0:18:25.960 --> 0:18:29.120 Good luck, heavy lies the head with an adjustable rate mortgage. 0:18:29.240 --> 0:18:31.080 That's what I said, Well. 0:18:30.920 --> 0:18:45.840 Said Armstrong and the Armstrong and Getty Show. 0:18:50.600 --> 0:18:54.920 The national debt hitting a staggering milestone, topping forty trillion 0:18:54.960 --> 0:18:57.439 dollars for the first time. A big portion of the 0:18:57.480 --> 0:19:01.320 spending is coming from rising defense costs, including the war 0:19:01.359 --> 0:19:04.359 in Iran. In addition to safety net programs like social 0:19:04.440 --> 0:19:08.600 Security and Medicare, interest on the deficit, and President Trump's 0:19:08.640 --> 0:19:12.159 tax cuts, the exploding debt is already hitting Americans with 0:19:12.359 --> 0:19:15.480 higher borrowing costs and raising the cost of living. 0:19:15.720 --> 0:19:19.560 Nice job, ABC, Is that ABC? Nice job ABC? I 0:19:19.640 --> 0:19:23.280 expect out of MSNBC. Yeah, the forty trillion dollar debt 0:19:23.359 --> 0:19:26.919 is because of the war in Iran and Trump's tax cuts. 0:19:26.960 --> 0:19:29.240 She could have been reading aloud from the New York 0:19:29.280 --> 0:19:34.119 Times account and of course great on track to borrow 0:19:34.160 --> 0:19:36.199 more than blah blah blah, including spending on the war 0:19:36.240 --> 0:19:39.320 in Iran and sweeping tax cuts that Republicans enacted in 0:19:39.359 --> 0:19:40.359 twenty twenty five. 0:19:40.680 --> 0:19:44.240 Oh, my god's landish. 0:19:44.440 --> 0:19:45.000 Here's your lead. 0:19:45.040 --> 0:19:47.920 America's gross national debt top forty trillion dollars for the 0:19:47.920 --> 0:19:50.280 first time on Wednesday. I'm in a smilestone for an 0:19:50.280 --> 0:19:53.120 economy that sits on a shaky fiscal foundation after decades 0:19:53.160 --> 0:19:56.240 of borrowing to pay for the rising costs of the military. 0:19:56.720 --> 0:19:57.560 It's the first thing. 0:19:57.920 --> 0:20:02.320 All of them mention safety net programs and President Trump's 0:20:02.359 --> 0:20:06.159 tax cuts just a point of interest. National defense is 0:20:06.359 --> 0:20:13.120 thirteen percent of the budget. Social Security plus Medicare plus 0:20:13.440 --> 0:20:15.440 quote unquote health. 0:20:15.800 --> 0:20:20.199 Is forty percent forty percent. 0:20:20.920 --> 0:20:25.360 Then you add income security and veterans benefits and services, 0:20:25.400 --> 0:20:28.520 which we are in favor of certainly, so you're looking 0:20:28.560 --> 0:20:32.520 at like fifty percent of the budget to thirteen is 0:20:32.560 --> 0:20:37.719 social safety net programs. But all the media lists defense first, 0:20:38.080 --> 0:20:39.639 and honesty is dead. 0:20:39.880 --> 0:20:42.359 And of course the war with Iran is adding to 0:20:42.400 --> 0:20:45.119 our debt, but it's such it's to call it a 0:20:45.200 --> 0:20:48.320 drop and a bucket would be overstating it in terms 0:20:48.359 --> 0:20:50.639 of the cause of the fact that we're at a 0:20:50.640 --> 0:20:54.679 forty trillion dollar debt and it being unsustainable is one 0:20:54.720 --> 0:20:56.440 of the many reasons why we're never going to deal 0:20:56.440 --> 0:20:59.399 with this until we collapse. Get the rest of a report, 0:20:59.400 --> 0:21:01.159 because this is an interesting points she made. 0:21:01.480 --> 0:21:05.199 This didn't happen overnight. Under both Republicans and Democrats, the 0:21:05.280 --> 0:21:08.240 government has been spending more than it makes in taxes 0:21:08.480 --> 0:21:11.680 for twenty six years on everything from healthcare to stimulus 0:21:11.680 --> 0:21:15.320 benefits to tax cuts and spending. And just like those 0:21:15.400 --> 0:21:18.640 credit card bills, the longer you ignore it, the worse 0:21:18.680 --> 0:21:20.240 it gets, the tougher the choices. 0:21:22.200 --> 0:21:26.560 I remember we used to talk about Mark Stein's book 0:21:26.600 --> 0:21:28.480 America Alone a lot back when it came out, But 0:21:28.520 --> 0:21:33.399 there's a great chart in there making the point at 0:21:33.680 --> 0:21:37.760 whether it's a Republican, whether it's a Democrat, whether it's 0:21:38.119 --> 0:21:43.440