1 00:00:03,720 --> 00:00:07,640 Speaker 1: On this episode of Newsworld. President Biden announced his new 2 00:00:08,000 --> 00:00:12,440 Speaker 1: American Job's Plan, which I personally call the Biden's American 3 00:00:12,520 --> 00:00:16,880 Speaker 1: Job Killing Plan, on Wednesday in Pittsburgh. The proposed cost 4 00:00:16,920 --> 00:00:20,079 Speaker 1: of this plan is two trillion, two hundred and fifty 5 00:00:20,160 --> 00:00:25,079 Speaker 1: billion dollars, allegedly for infrastructure investment. But as we break 6 00:00:25,120 --> 00:00:28,280 Speaker 1: down the two trillion, two hundred fifty billion dollars today, 7 00:00:28,680 --> 00:00:32,160 Speaker 1: you'll hear it's not all to rebuild bridges and highways. 8 00:00:32,720 --> 00:00:35,800 Speaker 1: This is after Biden and the left wing controlled House 9 00:00:35,840 --> 00:00:40,120 Speaker 1: the Senate passed the one point nine trillion dollars American 10 00:00:40,240 --> 00:00:44,159 Speaker 1: Rescue Plan, and in fact, Biden revealed in his Pittsburgh 11 00:00:44,159 --> 00:00:47,000 Speaker 1: press conference that he intends to move forward with another 12 00:00:47,120 --> 00:00:50,640 Speaker 1: expensive package, which will be called the American Family's Plan 13 00:00:51,040 --> 00:00:54,240 Speaker 1: at a future date. I'm adding up these trillions and 14 00:00:54,320 --> 00:00:57,680 Speaker 1: trillions of dollars, and I can't help but wonder where 15 00:00:57,880 --> 00:01:00,520 Speaker 1: is all the money going and what act will that 16 00:01:00,680 --> 00:01:04,200 Speaker 1: scale of national debt have, both on our economy and 17 00:01:04,360 --> 00:01:07,200 Speaker 1: on our children's future and the burden they will carry 18 00:01:07,240 --> 00:01:10,080 Speaker 1: their entire lifetime. I talk about all this in the 19 00:01:10,120 --> 00:01:13,400 Speaker 1: context that's unique. As Speaker of the House, I worked 20 00:01:13,400 --> 00:01:16,559 Speaker 1: with President Bill Clinton. We met for thirty five days 21 00:01:16,600 --> 00:01:21,000 Speaker 1: at the White House hammering out four consecutive balanced budgets, 22 00:01:21,040 --> 00:01:23,520 Speaker 1: the only federal budget to be balanced in our lifetime. 23 00:01:23,880 --> 00:01:26,840 Speaker 1: So it particularly deserves me as a fiscal conservative to 24 00:01:26,880 --> 00:01:29,880 Speaker 1: witness the left wing go on this wild spending spree. 25 00:01:30,640 --> 00:01:33,920 Speaker 1: Now Here to help us better understand how to follow 26 00:01:33,959 --> 00:01:38,399 Speaker 1: the money is my guest, Adam and Jievsky, founder and 27 00:01:38,520 --> 00:01:51,400 Speaker 1: CEO of openbooks dot Com. One of the things I'm 28 00:01:51,440 --> 00:01:54,600 Speaker 1: struck with is that when you start getting bills that 29 00:01:54,640 --> 00:01:58,920 Speaker 1: are a trillion dollars, nobody actually knows what's in them. 30 00:01:59,000 --> 00:02:01,520 Speaker 1: I mean, maybe some of the staff no parts of 31 00:02:01,560 --> 00:02:05,480 Speaker 1: it because they wrote it, but it's totally beyond any 32 00:02:05,600 --> 00:02:10,920 Speaker 1: legislative experience because you couldn't possibly read these things know 33 00:02:11,000 --> 00:02:14,600 Speaker 1: what they referenced. Do you find that this pattern of 34 00:02:15,320 --> 00:02:19,800 Speaker 1: writing on readable bills was getting worse? I do think 35 00:02:19,840 --> 00:02:22,880 Speaker 1: that the legislation in Congress is getting worse. All of 36 00:02:22,960 --> 00:02:26,440 Speaker 1: us remember the fifty six hundred page spending bill at 37 00:02:26,560 --> 00:02:29,160 Speaker 1: right at the end during Christmas of twenty twenty that 38 00:02:29,240 --> 00:02:32,200 Speaker 1: was dropped with two hours to go before the vote, 39 00:02:32,560 --> 00:02:34,440 Speaker 1: so it opened the books dot com. We actually have 40 00:02:34,480 --> 00:02:37,600 Speaker 1: a petition that's been turned into legislation, and the senator 41 00:02:37,680 --> 00:02:40,720 Speaker 1: ready and the petition campaign is called read the Bill, 42 00:02:41,040 --> 00:02:44,760 Speaker 1: seventy two hour legislative tame out to simply read the bill, 43 00:02:44,919 --> 00:02:47,680 Speaker 1: because do we have a representative or a public if 44 00:02:47,720 --> 00:02:51,359 Speaker 1: our representatives don't have time to simply read what they're 45 00:02:51,440 --> 00:02:54,720 Speaker 1: voting on. And Florida US Senator Rick Scott turn that 46 00:02:54,760 --> 00:02:57,520 Speaker 1: into legislation. It's a great bill. And it would even 47 00:02:57,560 --> 00:03:00,919 Speaker 1: require an affidavit from every United States saying that they 48 00:03:00,919 --> 00:03:04,200 Speaker 1: did read the bill. Part of what I learned, sadly 49 00:03:04,240 --> 00:03:06,480 Speaker 1: when I was a members sometimes even when you read 50 00:03:06,520 --> 00:03:08,720 Speaker 1: the bill, you don't know what you're talking about because 51 00:03:08,760 --> 00:03:11,520 Speaker 1: the bill will have all sorts of references to other 52 00:03:11,639 --> 00:03:16,480 Speaker 1: legislation that already exists. Well, yes, on page three hundred 53 00:03:16,520 --> 00:03:18,880 Speaker 1: and five of that bill, because our auditors read the 54 00:03:18,880 --> 00:03:22,519 Speaker 1: bill and we found a new perk for federal workers. 55 00:03:23,160 --> 00:03:25,480 Speaker 1: And this takes care of a couple of friends from 56 00:03:25,600 --> 00:03:29,400 Speaker 1: Nancy Pelosi's Democrats and Chuck Schumer's Democrats. It takes care 57 00:03:29,440 --> 00:03:32,200 Speaker 1: of the teachers' unions because here's how it works. If 58 00:03:32,240 --> 00:03:35,600 Speaker 1: your school shut or even if it's highbred, if it's 59 00:03:35,640 --> 00:03:41,000 Speaker 1: not back full time federal employees can take up to 60 00:03:41,040 --> 00:03:44,640 Speaker 1: twenty one weeks where they're paid to stay home. It's 61 00:03:44,680 --> 00:03:48,960 Speaker 1: not fourteen hundred dollars once in a check, it's fifteen weeks, 62 00:03:49,000 --> 00:03:51,840 Speaker 1: twenty one thousand dollars total. So they opened up a 63 00:03:51,880 --> 00:03:55,640 Speaker 1: new benefit for federal workers and it's costly. This new 64 00:03:55,680 --> 00:03:58,320 Speaker 1: fund they set up at the Treasury Department, they put 65 00:03:58,360 --> 00:04:01,920 Speaker 1: five hundred and seventy million dollars in there. You just 66 00:04:01,920 --> 00:04:05,040 Speaker 1: think this sort of an attitude of let's throw money 67 00:04:05,040 --> 00:04:08,120 Speaker 1: at our friends. Well, and it goes to a point. 68 00:04:08,320 --> 00:04:11,680 Speaker 1: The Democrats were ready. They had the plans on the 69 00:04:11,800 --> 00:04:14,840 Speaker 1: shelf that if Joe Biden won the presidency, they were 70 00:04:14,880 --> 00:04:17,440 Speaker 1: ready to go on day one. I mean, how else 71 00:04:17,480 --> 00:04:20,240 Speaker 1: can you propose six trillion dollars worth of spending in 72 00:04:20,240 --> 00:04:22,880 Speaker 1: one hundred days. They had their plans ready, they pulled 73 00:04:22,920 --> 00:04:25,560 Speaker 1: it down from their inventory, and they're putting it forward 74 00:04:25,839 --> 00:04:28,279 Speaker 1: on their wish list. And it's like, you know, going 75 00:04:28,320 --> 00:04:30,880 Speaker 1: to a big fat smorgas sport. They're going to eat 76 00:04:30,960 --> 00:04:34,719 Speaker 1: everything in sight from taxpayers. You know, contrast that back 77 00:04:34,760 --> 00:04:38,760 Speaker 1: to twenty seventeen. Look, I've been very hard on Paul 78 00:04:38,839 --> 00:04:41,200 Speaker 1: Ryan in the House. He wasn't ready to go, and 79 00:04:41,279 --> 00:04:44,960 Speaker 1: even after he left the speakership, he said spending in debt, 80 00:04:45,080 --> 00:04:47,920 Speaker 1: those are the issues that got away. Well, look during 81 00:04:47,920 --> 00:04:51,080 Speaker 1: boom times, racking up trillion dollar deficits, those are the 82 00:04:51,120 --> 00:04:53,440 Speaker 1: only issues on the table. How can they be the 83 00:04:53,440 --> 00:04:57,240 Speaker 1: ones that got away if you're a fiscal conservative. Essentially 84 00:04:57,240 --> 00:05:00,600 Speaker 1: the zobias here that says, you know, you can't taxes. 85 00:05:00,640 --> 00:05:04,599 Speaker 1: In fact, I think the most recent Biden proposal says, 86 00:05:04,839 --> 00:05:07,840 Speaker 1: if we send you money, your local government or your 87 00:05:07,839 --> 00:05:11,839 Speaker 1: state government cut taxes, you can be ready spending, but 88 00:05:11,920 --> 00:05:15,839 Speaker 1: it can't cut taxes. So the bias against letting you 89 00:05:15,960 --> 00:05:18,320 Speaker 1: keep the money in your own pocket is pretty amazing. 90 00:05:18,680 --> 00:05:22,400 Speaker 1: It is amazing. And furthermore, as you know newt Nancy 91 00:05:22,440 --> 00:05:26,760 Speaker 1: Pelosi's house, they changed the allocation formula on the Blue 92 00:05:26,760 --> 00:05:30,440 Speaker 1: state bailout in three hundred and fifty billion dollars. So 93 00:05:30,680 --> 00:05:33,839 Speaker 1: we did the math. There was a thirty one billion 94 00:05:33,880 --> 00:05:37,720 Speaker 1: dollars shift because the old traditional allocation would have been 95 00:05:37,720 --> 00:05:41,039 Speaker 1: based on the state's population. Well, they redid it and 96 00:05:41,080 --> 00:05:44,520 Speaker 1: it was based on the fourth quarter of twenty twenty 97 00:05:44,560 --> 00:05:48,320 Speaker 1: the unemployment rate. That had the effect of shifting thirty 98 00:05:48,320 --> 00:05:54,080 Speaker 1: one billion dollars and four states received seventeen billion extra 99 00:05:54,279 --> 00:05:57,400 Speaker 1: and those states were California in New York, which each 100 00:05:57,440 --> 00:06:01,119 Speaker 1: got more than six billion dollars extras in the formula change. 101 00:06:01,400 --> 00:06:04,320 Speaker 1: The other states that reaped two billion and two billion 102 00:06:04,360 --> 00:06:07,920 Speaker 1: were Illinois and New Jersey. The big loser, of course, 103 00:06:08,040 --> 00:06:11,359 Speaker 1: was Florida because Governor de Santus he kept the state open. 104 00:06:11,480 --> 00:06:16,640 Speaker 1: They resisted the economic lockdown. Florida's flourishing. I think it's 105 00:06:16,640 --> 00:06:20,080 Speaker 1: the openness of it in these bills that has surprised me. 106 00:06:20,400 --> 00:06:24,360 Speaker 1: They're not making any pretense of fairness, and they're going 107 00:06:24,360 --> 00:06:27,160 Speaker 1: out to take care of their allies, to deliberately not 108 00:06:27,279 --> 00:06:30,599 Speaker 1: take care of average Americans in the other states around 109 00:06:30,600 --> 00:06:33,360 Speaker 1: the country. Aren't she kind of surprised by the sheer 110 00:06:33,440 --> 00:06:36,600 Speaker 1: brazenness of it. It's brazen, and I think it's going 111 00:06:36,680 --> 00:06:54,440 Speaker 1: to continue as you look at Washington. How does Washington 112 00:06:54,560 --> 00:06:59,000 Speaker 1: compare with state governments in terms of its spending patterns. So, 113 00:06:59,120 --> 00:07:01,240 Speaker 1: you know, we like to say Illinois is the super 114 00:07:01,279 --> 00:07:04,680 Speaker 1: Bowl of corruption, but I do think our federal government 115 00:07:05,080 --> 00:07:08,080 Speaker 1: is thus super bowl of corruption. And look, I think 116 00:07:08,200 --> 00:07:12,040 Speaker 1: right now there is reverse subsidiarity. Our local units of 117 00:07:12,120 --> 00:07:18,360 Speaker 1: government used to be the cleanest Washington DC's massive overspending. 118 00:07:18,640 --> 00:07:21,840 Speaker 1: But the reason Washington DC is so bad, it's because 119 00:07:21,920 --> 00:07:25,840 Speaker 1: we have reverse subsidiarity. Nowadays, our local units of government 120 00:07:26,200 --> 00:07:28,880 Speaker 1: are actually some of the most corrupt. So by the 121 00:07:28,920 --> 00:07:31,960 Speaker 1: time that they get promoted all the way to Washington DC. 122 00:07:32,480 --> 00:07:35,960 Speaker 1: These are not small limited government fiscal conservatives. Even in 123 00:07:36,000 --> 00:07:39,160 Speaker 1: the Republican Party. These are big spenders. And I think 124 00:07:39,200 --> 00:07:41,760 Speaker 1: we have an example of that from two weeks ago 125 00:07:42,160 --> 00:07:45,320 Speaker 1: when in the House the Republicans took a secret vote 126 00:07:45,480 --> 00:07:47,160 Speaker 1: and it was one hundred and two to eighty four 127 00:07:47,520 --> 00:07:50,760 Speaker 1: to bring back the currency of corruption in Congress. And 128 00:07:50,840 --> 00:07:55,760 Speaker 1: that's the practice of earmarking. So spreind to our audience 129 00:07:56,360 --> 00:07:59,040 Speaker 1: what is earmarking and why does it lead to corruption? 130 00:08:00,440 --> 00:08:05,200 Speaker 1: Earmarking has been called by our former honorary chairman, doctor 131 00:08:05,240 --> 00:08:09,400 Speaker 1: Tom Coburn, who is the legendary US Senator from Oklahoma, 132 00:08:09,520 --> 00:08:14,000 Speaker 1: the gateway drug to corruption and overspending. Because here's how 133 00:08:14,000 --> 00:08:18,520 Speaker 1: it works. Remember when former House Speaker Denny Haster, he 134 00:08:18,640 --> 00:08:21,800 Speaker 1: comes from Illinois and opened the books. Dot com is 135 00:08:21,800 --> 00:08:24,960 Speaker 1: based in Illinois. We remember in two thousand and five 136 00:08:25,520 --> 00:08:28,560 Speaker 1: when Haster bought a piece of farm ground and then 137 00:08:28,600 --> 00:08:31,800 Speaker 1: two years later put a two hundred and seven million 138 00:08:31,800 --> 00:08:34,800 Speaker 1: dollars earmark to build a road through his farm ground. 139 00:08:35,120 --> 00:08:38,160 Speaker 1: Four months after that, his trust sold his farm ground 140 00:08:38,360 --> 00:08:42,280 Speaker 1: and reaped millions of dollars. This is how earmarks work. 141 00:08:42,520 --> 00:08:46,320 Speaker 1: It's like one million dollars on this pet project for 142 00:08:46,360 --> 00:08:48,880 Speaker 1: the Woodstock Museum up in the state of New York, 143 00:08:49,240 --> 00:08:52,080 Speaker 1: or a half million dollars for the Teapot Museum that 144 00:08:52,160 --> 00:08:55,600 Speaker 1: went into North Carolina, or the fifty million dollars that 145 00:08:55,720 --> 00:08:58,959 Speaker 1: built an indoor rainforest in the state of Iowa. These 146 00:08:59,040 --> 00:09:04,520 Speaker 1: are pork projects, and legislators get them and it greases 147 00:09:04,559 --> 00:09:08,959 Speaker 1: the skids to get their vote on big spending aid 148 00:09:09,120 --> 00:09:13,959 Speaker 1: relief omnibus bills that aren't in the favor of taxpayers. 149 00:09:15,000 --> 00:09:19,000 Speaker 1: I've concluded that we really had to abolish the air 150 00:09:19,000 --> 00:09:23,040 Speaker 1: remarks because they had been so corrupted and were so 151 00:09:23,120 --> 00:09:26,760 Speaker 1: clearly a currency that it was an effect and internal 152 00:09:27,360 --> 00:09:30,439 Speaker 1: virtually a form of bribery to say to members, if 153 00:09:30,480 --> 00:09:33,120 Speaker 1: you do it the leadership once you can get projects 154 00:09:33,120 --> 00:09:36,040 Speaker 1: for your district in a way that I thought really 155 00:09:36,080 --> 00:09:38,160 Speaker 1: had decayed. I don't know that it used to be 156 00:09:38,240 --> 00:09:41,600 Speaker 1: the bed, but people figured out the game and it 157 00:09:41,760 --> 00:09:45,280 Speaker 1: really got to be pretty outrageous before they abolished it, 158 00:09:45,800 --> 00:09:49,959 Speaker 1: and I think it's very, very destructive to bring it back. Frankly, 159 00:09:50,600 --> 00:09:53,920 Speaker 1: bringing back air marks is akin to bringing back the 160 00:09:54,080 --> 00:09:58,120 Speaker 1: swine flu, you know, and people forget just how bad 161 00:09:58,160 --> 00:10:00,920 Speaker 1: it was. In two thousand and five there was about 162 00:10:01,000 --> 00:10:05,640 Speaker 1: fifteen thousand of these special projects stuffed into spending bills, 163 00:10:06,120 --> 00:10:08,480 Speaker 1: and you know, people were going to jail. Was the 164 00:10:08,559 --> 00:10:12,480 Speaker 1: lobbyist Jack abram Off for bribing legislators in Congress? It 165 00:10:12,600 --> 00:10:17,920 Speaker 1: was Republican Congressman from California, Duke Cunningham. Duke Cunningham admitted 166 00:10:17,960 --> 00:10:20,760 Speaker 1: at one point to two point four million dollars he 167 00:10:20,840 --> 00:10:25,720 Speaker 1: accepted bribes from lobbyists, including a Rolls Royce, a yacht, 168 00:10:26,200 --> 00:10:31,560 Speaker 1: and the nineteenth century Louis Philippe commode a toilet. So, look, 169 00:10:31,600 --> 00:10:36,000 Speaker 1: it is the currency of corruption. Democrats proposed ten of 170 00:10:36,040 --> 00:10:38,280 Speaker 1: these near marks per member. That means we're going to 171 00:10:38,360 --> 00:10:41,240 Speaker 1: get four thousand, three hundred and fifty of these winkers 172 00:10:41,800 --> 00:10:45,000 Speaker 1: to the tune of one percent of discretionary spending. That's 173 00:10:45,000 --> 00:10:49,480 Speaker 1: about thirteen billion dollars a year. That's really wild. Now, 174 00:10:49,520 --> 00:10:52,839 Speaker 1: when you were describing these things, were these actually things 175 00:10:52,880 --> 00:10:57,800 Speaker 1: that members were getting Yeah, so the members would put 176 00:10:57,840 --> 00:11:00,959 Speaker 1: these earmarks into a bill. So, for instance, there was 177 00:11:01,000 --> 00:11:04,720 Speaker 1: a member of Congress from Florida down near Tallahassee. Three 178 00:11:04,720 --> 00:11:08,880 Speaker 1: point four million dollars went to build tunnels for tortoises 179 00:11:09,000 --> 00:11:12,880 Speaker 1: underneath a Florida highway. It's these kinds of projects where 180 00:11:13,040 --> 00:11:17,040 Speaker 1: quote unquote, you bring home the bacon. And unfortunately, when 181 00:11:17,080 --> 00:11:20,559 Speaker 1: the Democrats proposed the earmarks to put port back on 182 00:11:20,600 --> 00:11:23,640 Speaker 1: the table after a ten year hiatus, these things have 183 00:11:23,760 --> 00:11:28,040 Speaker 1: been banned for ten years. Republicans now, rather than draw 184 00:11:28,160 --> 00:11:32,880 Speaker 1: a clear delineation between Republicans spending and Democratic spending, they're 185 00:11:32,920 --> 00:11:35,800 Speaker 1: going along with it. But we call a Mitch McConnell 186 00:11:35,800 --> 00:11:37,200 Speaker 1: in the Senate. He could put an end to this. 187 00:11:37,400 --> 00:11:40,480 Speaker 1: He could say no Republican votes on an appropriations bill 188 00:11:40,520 --> 00:11:43,040 Speaker 1: if it contains earmarks, since right now they need to 189 00:11:43,040 --> 00:11:45,800 Speaker 1: get the sixty votes. He could show some real leadership 190 00:11:45,920 --> 00:11:48,680 Speaker 1: on this issue. What's your view of the long term 191 00:11:48,679 --> 00:11:53,240 Speaker 1: fiscal impact of the sort of skyrocketing spending. To be honest, 192 00:11:53,280 --> 00:11:56,640 Speaker 1: I was for a substantial amount of spending during the 193 00:11:56,679 --> 00:12:01,720 Speaker 1: actual pandemic because I thought that lush propped up the economy. 194 00:12:01,760 --> 00:12:04,840 Speaker 1: You could face an enormous problem. But now it's like 195 00:12:05,480 --> 00:12:08,280 Speaker 1: people have forgotten that the credit card eventually comes due, 196 00:12:08,800 --> 00:12:11,640 Speaker 1: and they're running around like fifteen year olders with their 197 00:12:11,720 --> 00:12:15,280 Speaker 1: first credit card. Well, it's very true. We've taken a 198 00:12:15,280 --> 00:12:18,199 Speaker 1: look at the rise in the national debts since two 199 00:12:18,240 --> 00:12:20,960 Speaker 1: thousand and eight. In two thousand and eight, it was 200 00:12:21,480 --> 00:12:25,920 Speaker 1: ten trillion dollars. When Donald Trump came in. In two 201 00:12:25,960 --> 00:12:29,960 Speaker 1: thousand and sixteen, it was nearly twenty trillion dollars. Now 202 00:12:30,000 --> 00:12:33,280 Speaker 1: after this latest American Rescue Act that passed last month, 203 00:12:33,840 --> 00:12:37,120 Speaker 1: now our national debt's going north of thirty trillion dollars. 204 00:12:37,559 --> 00:12:40,679 Speaker 1: The sheer rise in the national debt is very troubling. 205 00:12:40,960 --> 00:12:43,640 Speaker 1: I'm sure you remember new Back in two thousand and twelve, 206 00:12:44,000 --> 00:12:47,280 Speaker 1: Barack Obama's Chairman of the Joint Chief of Staff, believe 207 00:12:47,320 --> 00:12:50,600 Speaker 1: his name is Michael Mullins, he said that long term, 208 00:12:50,800 --> 00:12:54,560 Speaker 1: the greatest national security threat is our national debt. Our 209 00:12:54,600 --> 00:12:57,800 Speaker 1: honorary chairman, doctor Tom Coburn, who passed a year ago. 210 00:12:58,000 --> 00:13:00,840 Speaker 1: He actually wrote the book called the Debt. He says, 211 00:13:00,880 --> 00:13:03,360 Speaker 1: this thing works right up until the cliff moment when 212 00:13:03,400 --> 00:13:06,880 Speaker 1: it doesn't. And we agree, how long can the US 213 00:13:07,000 --> 00:13:09,760 Speaker 1: continue to borrow money on this scale. Well, I'm going 214 00:13:09,800 --> 00:13:12,080 Speaker 1: to leave that to the economists, but it looks like 215 00:13:12,240 --> 00:13:15,760 Speaker 1: right now with President Joe Biden that he has a goal, 216 00:13:16,000 --> 00:13:19,160 Speaker 1: and that's to spend six trillion dollars in his first 217 00:13:19,200 --> 00:13:22,640 Speaker 1: one hundred days. Let's put that number in perspective the 218 00:13:22,920 --> 00:13:26,240 Speaker 1: entire budget previous to the pandemic, and they were spending 219 00:13:26,280 --> 00:13:28,880 Speaker 1: way too much money. They were racking up trillion dollars 220 00:13:28,920 --> 00:13:32,080 Speaker 1: budget deficits, adding a trillion dollars during boom times to 221 00:13:32,120 --> 00:13:36,000 Speaker 1: the national debt was somewhere around four point four trillion. 222 00:13:36,360 --> 00:13:40,240 Speaker 1: So for Biden to propose six trillion dollars worth of 223 00:13:40,320 --> 00:13:43,240 Speaker 1: spending in his first one hundred days, this is unprecedented, 224 00:13:43,440 --> 00:13:46,240 Speaker 1: and I think this is just the beginning. I think 225 00:13:46,320 --> 00:13:49,880 Speaker 1: he has another big bill coming. Deist was listening to 226 00:13:49,960 --> 00:13:53,080 Speaker 1: day to Fox and Friends, where they had found another 227 00:13:53,080 --> 00:13:56,200 Speaker 1: one hundred and fifty billion for schools buried in the 228 00:13:56,240 --> 00:13:58,880 Speaker 1: new Infrastructure Bill. So if you were actually to go 229 00:13:58,920 --> 00:14:03,960 Speaker 1: through and just find every commitment to the teachers' unions 230 00:14:04,559 --> 00:14:08,400 Speaker 1: probably now is in excess of six hundred billion dollars, 231 00:14:09,520 --> 00:14:13,160 Speaker 1: it's astonishing. So just over the course of the last 232 00:14:13,200 --> 00:14:16,079 Speaker 1: twelve months, New let's kind of go through the sheer 233 00:14:16,120 --> 00:14:19,120 Speaker 1: amount of money Congress has thrown at our K through 234 00:14:19,160 --> 00:14:25,000 Speaker 1: twelve schools. Through the calendar year twenty twenty, they allocated 235 00:14:25,040 --> 00:14:28,880 Speaker 1: eighty billion dollars to K through twelve schools and the schools. 236 00:14:28,960 --> 00:14:30,840 Speaker 1: It was so much money they couldn't even spend ten 237 00:14:30,880 --> 00:14:33,920 Speaker 1: billion dollars of it. And then last month and the 238 00:14:34,000 --> 00:14:37,400 Speaker 1: one point nine trillion dollar American Rescue Act and one 239 00:14:37,400 --> 00:14:41,000 Speaker 1: fell swoop, they allocated one hundred and twenty eight billion 240 00:14:41,040 --> 00:14:45,120 Speaker 1: dollars to K through twelve schools. The Congressional Budget Office 241 00:14:45,160 --> 00:14:47,840 Speaker 1: did the math, and a third of it won't even 242 00:14:47,880 --> 00:14:52,160 Speaker 1: be spent till after the next presidential election. Now you're 243 00:14:52,200 --> 00:14:56,600 Speaker 1: exactly right. In this new infrastructure proposal, one hundred billion 244 00:14:56,640 --> 00:14:59,640 Speaker 1: dollars of additional money is allocated through K through twelve 245 00:14:59,680 --> 00:15:02,560 Speaker 1: school I mean, give us a break. This is an 246 00:15:02,680 --> 00:15:05,080 Speaker 1: environment where many of the teachers unions don't want to 247 00:15:05,080 --> 00:15:07,960 Speaker 1: go back to teach. Look at the Chicago public schools. 248 00:15:07,960 --> 00:15:10,360 Speaker 1: I did a piece for the academic journal City Journal 249 00:15:10,360 --> 00:15:13,040 Speaker 1: at the Manhattan Institute, and we took a look at 250 00:15:13,240 --> 00:15:17,680 Speaker 1: Chicago Big Education, Inc. So the Chicago Public schools out 251 00:15:17,680 --> 00:15:20,960 Speaker 1: of the classroom for twelve months. The parochial schools, the 252 00:15:21,040 --> 00:15:24,320 Speaker 1: Catholic schools. They were in there in September of twenty 253 00:15:24,360 --> 00:15:27,520 Speaker 1: twenty teaching. The average teacher in the parochial schools on 254 00:15:27,600 --> 00:15:31,080 Speaker 1: salary makes forty grand. If you have a PhD. At 255 00:15:31,120 --> 00:15:34,040 Speaker 1: the end of your career, you top out at sixty thousand. 256 00:15:34,120 --> 00:15:37,600 Speaker 1: As a top paid teacher in the parochial schools, they're 257 00:15:37,600 --> 00:15:40,840 Speaker 1: back in the classroom. The Chicago Public schools took one 258 00:15:40,960 --> 00:15:45,520 Speaker 1: hundred million dollars from Congress to upgrade their infrastructure and 259 00:15:45,600 --> 00:15:48,360 Speaker 1: their buildings and their schools, and they didn't even go 260 00:15:48,400 --> 00:15:52,120 Speaker 1: back into the classroom for a year, while twenty one 261 00:15:52,120 --> 00:15:57,640 Speaker 1: thousand Chicago Public school teachers make on average one hundred 262 00:15:57,640 --> 00:16:02,800 Speaker 1: and eight thousand on ally perks and pension benefits. So 263 00:16:03,160 --> 00:16:05,080 Speaker 1: we're right back to the same business where if you 264 00:16:05,760 --> 00:16:11,040 Speaker 1: actually listed the total lifetime cost of one year of 265 00:16:11,080 --> 00:16:14,440 Speaker 1: the highest paid teacher in Chicago, the numbers would be 266 00:16:14,440 --> 00:16:17,280 Speaker 1: just breathtaking. And if you've then learned it, by the way, 267 00:16:17,480 --> 00:16:19,440 Speaker 1: they also didn't show up for work for a year. 268 00:16:20,600 --> 00:16:23,880 Speaker 1: The system's kind of going crazy. Well it is, And 269 00:16:23,920 --> 00:16:26,560 Speaker 1: I've got a great example out of the nation's fifth 270 00:16:26,640 --> 00:16:31,520 Speaker 1: largest school district in Baltimore, the Baltimore City Public Schools. 271 00:16:32,200 --> 00:16:36,280 Speaker 1: It was Fox forty five Project Baltimore. They found that 272 00:16:36,360 --> 00:16:38,600 Speaker 1: there was a student who was in line to be 273 00:16:38,640 --> 00:16:42,360 Speaker 1: a senior, had passed three classes through his first three 274 00:16:42,440 --> 00:16:45,360 Speaker 1: years of school. They kept promoting him. He had a 275 00:16:45,400 --> 00:16:49,480 Speaker 1: GPA of zero point one three, he was a straight 276 00:16:49,520 --> 00:16:52,520 Speaker 1: F student, he passed three classes. They kept promoting him. 277 00:16:52,840 --> 00:16:56,520 Speaker 1: The Baltimore City Schools are auditors found that their twenty 278 00:16:56,560 --> 00:17:00,720 Speaker 1: twenty budget is one point four billion dollars and they 279 00:17:00,800 --> 00:17:05,520 Speaker 1: can't even educate. It's so broke that they had promoted 280 00:17:05,520 --> 00:17:07,679 Speaker 1: this student through the system and they just had to 281 00:17:07,720 --> 00:17:11,040 Speaker 1: kick him back to freshman year. You do run into 282 00:17:11,080 --> 00:17:15,320 Speaker 1: these stories where somebody ends up as valedictorian even though 283 00:17:15,359 --> 00:17:18,399 Speaker 1: they had never passed a single course. There seems to 284 00:17:18,480 --> 00:17:22,159 Speaker 1: be a decay, particularly in our big city schools. You 285 00:17:22,200 --> 00:17:26,359 Speaker 1: mentioned Baltimore, where I think or five buildings in which 286 00:17:26,400 --> 00:17:29,720 Speaker 1: not a single student could pass the state exam, not one. 287 00:17:30,560 --> 00:17:34,199 Speaker 1: And there's something about this whole endemic level of corruption. 288 00:17:34,560 --> 00:17:36,600 Speaker 1: You give me the money, but I don't have to 289 00:17:36,600 --> 00:17:39,680 Speaker 1: give you any work. That I think is a real 290 00:17:39,760 --> 00:17:42,560 Speaker 1: cancer at the heart of the American system now well, 291 00:17:42,560 --> 00:17:46,040 Speaker 1: it really is newt In specific to Baltimore, they spend 292 00:17:46,040 --> 00:17:50,240 Speaker 1: a tremendous amount of money up to eighteen thousand dollars 293 00:17:50,320 --> 00:17:53,760 Speaker 1: per k through twelve pupil. So this is an extraordinary 294 00:17:53,800 --> 00:17:58,119 Speaker 1: amount of money being spent for a wholesale lack of 295 00:17:58,440 --> 00:18:20,040 Speaker 1: education output. Adam tell us, how did you come to 296 00:18:20,320 --> 00:18:24,720 Speaker 1: found Open the Books dot com? Well, mister speaker, we 297 00:18:24,800 --> 00:18:28,160 Speaker 1: found it openhbooks dot Com because we hail from Illinois, 298 00:18:28,320 --> 00:18:31,480 Speaker 1: and Illinois is the super Bowl of corruption. And so 299 00:18:31,640 --> 00:18:34,240 Speaker 1: we saw what us Senator at the time, doctor Tom 300 00:18:34,280 --> 00:18:37,320 Speaker 1: Coburn was doing on a national basis when he opened 301 00:18:37,359 --> 00:18:40,200 Speaker 1: the federal checkbook up to sunshine for the first time ever, 302 00:18:40,440 --> 00:18:42,240 Speaker 1: and we thought if it was good for the Feds, 303 00:18:42,280 --> 00:18:44,719 Speaker 1: it would be great for Illinois. So we started our 304 00:18:44,760 --> 00:18:48,040 Speaker 1: project locally, first to put every dime online in real 305 00:18:48,080 --> 00:18:50,480 Speaker 1: time in Illinois, and then over the course of time 306 00:18:50,560 --> 00:18:53,320 Speaker 1: we partnered with doctor Coburn, we took the mission writ 307 00:18:53,480 --> 00:18:56,880 Speaker 1: large on a national basis, and last year we filed 308 00:18:57,520 --> 00:19:01,040 Speaker 1: forty thousand Freedom of Information Act works. It was the 309 00:19:01,119 --> 00:19:06,040 Speaker 1: most in American history. We successfully captured six trillion dollars 310 00:19:06,080 --> 00:19:09,719 Speaker 1: of state, federal, and local spending and what did you 311 00:19:09,840 --> 00:19:15,160 Speaker 1: learn trying to dig into the Illinois system. So we 312 00:19:15,160 --> 00:19:18,800 Speaker 1: were the first to put nearly every single public employee 313 00:19:19,000 --> 00:19:23,320 Speaker 1: at every level of Illinois government online, exposing their salaries 314 00:19:23,320 --> 00:19:25,640 Speaker 1: and their pensions for the first time ever. And within 315 00:19:25,720 --> 00:19:28,800 Speaker 1: our first week of that exposure, we found that a 316 00:19:28,840 --> 00:19:32,679 Speaker 1: school district treasurer made up to two hundred and ninety 317 00:19:32,680 --> 00:19:35,359 Speaker 1: six thousand dollars and the previous year he made about 318 00:19:35,400 --> 00:19:37,720 Speaker 1: half of that. Now that was Cook County, and in 319 00:19:37,760 --> 00:19:41,760 Speaker 1: Cook County the prosecutor can't find public corruption anywhere, but 320 00:19:41,880 --> 00:19:44,679 Speaker 1: even in Cook County. It took her about nine months, 321 00:19:44,840 --> 00:19:47,719 Speaker 1: but she indicted that school treasurer and he ended up 322 00:19:47,720 --> 00:19:51,600 Speaker 1: serving time in the federal penitentiary. And he increased his 323 00:19:51,720 --> 00:19:55,119 Speaker 1: salary illegally. Was that what happened. He was taking a 324 00:19:55,400 --> 00:19:59,080 Speaker 1: PTO time and cashing it in, which was bumping his salary, 325 00:19:59,200 --> 00:20:01,960 Speaker 1: which was bumping his pension credit. And he was doing 326 00:20:02,000 --> 00:20:06,480 Speaker 1: this without board authorization. So when the citizens raised their voice, 327 00:20:06,520 --> 00:20:09,760 Speaker 1: they knew something wasn't right. You can't pay, even in Illinois, 328 00:20:09,800 --> 00:20:13,680 Speaker 1: a school treasure up to three hundred grand. The board investigated, 329 00:20:14,160 --> 00:20:18,800 Speaker 1: and then the prosecutor indicted the treasurer, pled and serve 330 00:20:18,920 --> 00:20:23,280 Speaker 1: time in the penitentiary. I've been exploring the idea that 331 00:20:23,480 --> 00:20:29,560 Speaker 1: we should list the lifetime cost of every public employee, 332 00:20:29,560 --> 00:20:32,040 Speaker 1: so that if we're going to hire you for one year, 333 00:20:32,520 --> 00:20:35,520 Speaker 1: but that then builds into a pension fund, we should 334 00:20:35,560 --> 00:20:38,639 Speaker 1: actually count not just your current salary, but the total 335 00:20:38,720 --> 00:20:42,280 Speaker 1: cost that you're going to cost the taxpayer for that 336 00:20:42,359 --> 00:20:45,400 Speaker 1: one year, which turns out to be, of course, dramatically 337 00:20:45,480 --> 00:20:49,159 Speaker 1: higher than just the one year salary. Is that a 338 00:20:49,200 --> 00:20:52,439 Speaker 1: practical idea to try to do that? I agree with that, 339 00:20:52,520 --> 00:20:54,880 Speaker 1: and that's something that we've been considering adding to our 340 00:20:54,920 --> 00:20:58,840 Speaker 1: website at openbooks dot com. Here's why it's important. This 341 00:20:58,920 --> 00:21:03,720 Speaker 1: week we found that if you're a lifeguard in La County, 342 00:21:04,240 --> 00:21:08,320 Speaker 1: the top earning lifeguard in twenty nineteen made three hundred 343 00:21:08,320 --> 00:21:11,080 Speaker 1: and ninety two thousand dollars. And if you take a 344 00:21:11,119 --> 00:21:14,800 Speaker 1: look at their pay and pension package, if you're fifty 345 00:21:14,880 --> 00:21:17,679 Speaker 1: years old as an LA lifeguard, after twenty years of service, 346 00:21:17,720 --> 00:21:20,680 Speaker 1: you can retire on half your pay. After thirty years, 347 00:21:20,680 --> 00:21:23,760 Speaker 1: you can retire on eighty percent of your pay. So 348 00:21:24,280 --> 00:21:27,679 Speaker 1: look your public policy idea of printing the lifetime cost 349 00:21:28,040 --> 00:21:30,639 Speaker 1: right up next to their salary, their pay their perquisites 350 00:21:30,640 --> 00:21:33,040 Speaker 1: and their pension benefits. I think that's a good idea. 351 00:21:33,440 --> 00:21:35,480 Speaker 1: I have to stop you for a second. Is them 352 00:21:35,560 --> 00:21:39,800 Speaker 1: obviously two? Now you you had a lifeguard, how could 353 00:21:39,800 --> 00:21:42,080 Speaker 1: you get to three hundred and ninety two thousand dollars? 354 00:21:42,560 --> 00:21:45,640 Speaker 1: Well as base salary is about two h five he's 355 00:21:45,640 --> 00:21:49,399 Speaker 1: got about sixty thousand dollars of extra benefits including free 356 00:21:49,520 --> 00:21:53,640 Speaker 1: sunscreen allowance, and then his pension and healthcare benefits every 357 00:21:53,720 --> 00:21:55,919 Speaker 1: year on his base salary run another one hundred and 358 00:21:55,920 --> 00:21:58,439 Speaker 1: twenty thousand dollars. You add it all up, and he 359 00:21:58,480 --> 00:22:01,320 Speaker 1: was the top earning lifeguard. He was the chief, the 360 00:22:01,359 --> 00:22:04,520 Speaker 1: acting chief lifeguard, and he made three hundred and ninety 361 00:22:04,560 --> 00:22:10,160 Speaker 1: two grand. But the overtime amongst LA lifeguards is milking 362 00:22:10,880 --> 00:22:14,719 Speaker 1: La County taxpayers like a dairy cow. We had thirty 363 00:22:14,720 --> 00:22:18,520 Speaker 1: one lifeguards make between fifty thousand and one hundred and 364 00:22:18,560 --> 00:22:23,080 Speaker 1: thirty one thousand dollars in overtime alone last year. It 365 00:22:23,240 --> 00:22:27,720 Speaker 1: is absolutely crazy that on the sunny beaches of California, 366 00:22:28,080 --> 00:22:31,920 Speaker 1: these guys, and they're mostly guys, they're just knocking down massive, 367 00:22:32,440 --> 00:22:36,200 Speaker 1: massive amounts of money. Now are they stated County employees? 368 00:22:37,160 --> 00:22:39,960 Speaker 1: Those are County in La County and they actually work 369 00:22:40,040 --> 00:22:43,119 Speaker 1: for the fire district in La County. Are they lifeguards 370 00:22:43,160 --> 00:22:46,520 Speaker 1: like at the beach or in swimming pools or what? So, 371 00:22:46,560 --> 00:22:49,280 Speaker 1: there is a difference between the ocean lifeguards and that's 372 00:22:49,320 --> 00:22:52,680 Speaker 1: the ones that we're talking about, and then the pool lifeguards. 373 00:22:52,760 --> 00:22:55,200 Speaker 1: The average salary of the pool lifeguards is a little 374 00:22:55,240 --> 00:22:58,560 Speaker 1: less than fifty thousand, which is still a lot of money. Yeah, 375 00:22:58,600 --> 00:23:01,520 Speaker 1: my wife, as a teenager was a lifeguard in Whitehall, Wisconsin. 376 00:23:02,119 --> 00:23:03,520 Speaker 1: I think I'm gonna tell hers she may have had 377 00:23:03,560 --> 00:23:05,879 Speaker 1: the wrong career track. Well, we took a look at 378 00:23:05,920 --> 00:23:08,399 Speaker 1: the lifeguards in New York City and the top earner 379 00:23:08,480 --> 00:23:11,080 Speaker 1: was at one hundred and sixty eight grand and all 380 00:23:11,119 --> 00:23:13,080 Speaker 1: of the state of Florida. And this is a really 381 00:23:13,080 --> 00:23:15,880 Speaker 1: good story because it shows the difference between New York, 382 00:23:16,040 --> 00:23:19,400 Speaker 1: California and a fiscally well run state like Florida. The 383 00:23:19,440 --> 00:23:22,200 Speaker 1: top lifeguard the state of Florida only made one hundred 384 00:23:22,240 --> 00:23:24,800 Speaker 1: and eighteen grand. Now that's still too much, but it's 385 00:23:24,840 --> 00:23:29,160 Speaker 1: not three hundred ninety two thousand. That's just an astonishing story. 386 00:23:30,080 --> 00:23:32,840 Speaker 1: What's your advice to Americans who want to be reformers? 387 00:23:32,840 --> 00:23:35,639 Speaker 1: What should they do, how can they be effective? So 388 00:23:35,680 --> 00:23:38,520 Speaker 1: I think people need to raise their voice and look, 389 00:23:38,560 --> 00:23:40,399 Speaker 1: we make it easy for people to do this and 390 00:23:40,520 --> 00:23:43,359 Speaker 1: Open the Books dot com tell us from it, what 391 00:23:43,400 --> 00:23:47,520 Speaker 1: are your plans for open the books and how can 392 00:23:47,560 --> 00:23:50,680 Speaker 1: people help you? So it Opened the Books dot Com. 393 00:23:50,720 --> 00:23:56,080 Speaker 1: We believe that transparency revolutionizes United States public policy and politics. 394 00:23:56,320 --> 00:23:59,680 Speaker 1: And we're not going to stop finding freedom of information 395 00:24:00,119 --> 00:24:03,760 Speaker 1: requests on spending till we've captured every dime taxed and 396 00:24:03,840 --> 00:24:07,200 Speaker 1: spent at every level of government across the entire country. 397 00:24:07,440 --> 00:24:10,240 Speaker 1: And we're hiring a team of auditors to give all 398 00:24:10,280 --> 00:24:13,119 Speaker 1: of that oversight. So not only do we open the books, 399 00:24:13,240 --> 00:24:16,240 Speaker 1: but we also audit them, and the audits make national news. 400 00:24:17,320 --> 00:24:21,639 Speaker 1: And can people join open the Books? How do people 401 00:24:21,640 --> 00:24:24,840 Speaker 1: engage with you? So just come to Open the Books 402 00:24:24,880 --> 00:24:27,680 Speaker 1: dot com and you can just sign up to get 403 00:24:27,720 --> 00:24:30,080 Speaker 1: on our list. We encourage you to become a part 404 00:24:30,119 --> 00:24:32,919 Speaker 1: of our team. The other thing that we have is 405 00:24:32,960 --> 00:24:36,240 Speaker 1: we have interactive maps. So on this Blue State bail 406 00:24:36,280 --> 00:24:38,439 Speaker 1: out of the three hundred and fifty billion dollars and 407 00:24:38,480 --> 00:24:41,800 Speaker 1: the thirty thousand localities, you're willing to want to know 408 00:24:41,880 --> 00:24:44,600 Speaker 1: how much your hometown received out of that bill, and 409 00:24:44,720 --> 00:24:47,639 Speaker 1: we mapped it. There's fifty pins on our map. You 410 00:24:47,720 --> 00:24:50,360 Speaker 1: just click a pin which is your state, and scroll 411 00:24:50,440 --> 00:24:53,720 Speaker 1: down and see how much your hometown received. My hometown 412 00:24:54,160 --> 00:24:57,240 Speaker 1: received two million dollars, and we're the thirty eighth richest 413 00:24:57,280 --> 00:24:59,840 Speaker 1: place in the country according to Bloomberg. We don't need 414 00:24:59,880 --> 00:25:03,000 Speaker 1: the money after that, Raise your voice, ask your mayor, 415 00:25:03,040 --> 00:25:06,360 Speaker 1: ask your city council. You know, why do we mean 416 00:25:06,440 --> 00:25:09,119 Speaker 1: this money from Congress? Can't we send it back and 417 00:25:09,160 --> 00:25:11,840 Speaker 1: then track it. If they don't send it back, track 418 00:25:11,960 --> 00:25:16,280 Speaker 1: that money, follow up with requests, audit those dollars and 419 00:25:16,359 --> 00:25:19,720 Speaker 1: make sure that they spend it without any hint of corruption. 420 00:25:20,040 --> 00:25:23,679 Speaker 1: In a sense, with the tools year providing and the 421 00:25:23,800 --> 00:25:27,960 Speaker 1: data the year providing, virtually every citizen could become a 422 00:25:28,080 --> 00:25:34,160 Speaker 1: volunteer auditor. Absolutely, that's our objective to make governments spending 423 00:25:34,440 --> 00:25:38,359 Speaker 1: relevant for regular people where they live, to hold the 424 00:25:38,359 --> 00:25:42,479 Speaker 1: political class accountable for tax and spend decisions. I can't imagine, 425 00:25:42,520 --> 00:25:46,320 Speaker 1: for example, that some high schools and colleges might actually 426 00:25:46,359 --> 00:25:50,560 Speaker 1: set up projects build around your tools and have their 427 00:25:50,600 --> 00:25:54,320 Speaker 1: classes learning in a very real way, not just theoretically. 428 00:25:54,720 --> 00:25:57,840 Speaker 1: What's going on in government today. Right we've partnered with 429 00:25:58,040 --> 00:26:02,640 Speaker 1: USA Today, for example twice, once on the rich hospitals, 430 00:26:03,320 --> 00:26:07,840 Speaker 1: nonprofits that were reaping huge profits and their CEOs that 431 00:26:07,880 --> 00:26:11,959 Speaker 1: were making a lot of money as CEOs of nonprofit hospitals, 432 00:26:12,240 --> 00:26:14,000 Speaker 1: and then we took a look at how much money 433 00:26:14,040 --> 00:26:18,320 Speaker 1: those hospitals were receiving during the pandemic. And what's actually happened, dude, 434 00:26:18,440 --> 00:26:21,560 Speaker 1: is that those hospitals have gotten wealthier during the pandemic. 435 00:26:21,800 --> 00:26:25,200 Speaker 1: They may have furloughed employees, they may have shutdown services, 436 00:26:25,240 --> 00:26:27,880 Speaker 1: but net net to their bottom line, many of these 437 00:26:28,000 --> 00:26:32,320 Speaker 1: quote unquote nonprofit hospitals actually added to their net assets. 438 00:26:32,440 --> 00:26:36,159 Speaker 1: They made profits during the twenty twenty pandemic because of 439 00:26:36,200 --> 00:26:40,880 Speaker 1: the sheer, largest of our money coming out of Congress. Adam, 440 00:26:41,840 --> 00:26:43,840 Speaker 1: I want to thank you. I think as a citizen 441 00:26:44,480 --> 00:26:48,679 Speaker 1: you're one of those social entrepreneurs, and you've invented something 442 00:26:48,720 --> 00:26:52,080 Speaker 1: here which could really have a long term effect. I 443 00:26:52,119 --> 00:26:55,040 Speaker 1: wish we'd had the level of detailed knowledge that you're 444 00:26:55,080 --> 00:26:58,119 Speaker 1: bringing to bear back when we were balancing the budget 445 00:26:58,160 --> 00:27:02,040 Speaker 1: in the nineteen nineties. I hope that people will begin 446 00:27:02,080 --> 00:27:07,040 Speaker 1: to realize just how much the bureaucracies are ripping us off, 447 00:27:07,600 --> 00:27:10,280 Speaker 1: and how much corruption there is and the way we 448 00:27:10,359 --> 00:27:14,280 Speaker 1: allocate money to take care of political needs rather than 449 00:27:14,320 --> 00:27:17,720 Speaker 1: to take care of the country's needs. So Adam, I 450 00:27:17,800 --> 00:27:20,600 Speaker 1: really to appreciate your sharing with us. I wish you 451 00:27:20,680 --> 00:27:22,360 Speaker 1: well and I have a hunch over the next few 452 00:27:22,440 --> 00:27:26,320 Speaker 1: years you're going to stay very, very busy. I think 453 00:27:26,359 --> 00:27:29,400 Speaker 1: this is our moment. Unfortunately, it is a target rich 454 00:27:29,520 --> 00:27:33,119 Speaker 1: environment in Washington, DC, and our team auditors knew it. 455 00:27:33,119 --> 00:27:39,720 Speaker 1: We're ready. Thank you to my guest, Adam Anjievsky. You 456 00:27:39,760 --> 00:27:42,720 Speaker 1: can read more about Open the Books on our show 457 00:27:42,760 --> 00:27:46,800 Speaker 1: page at newtsworld dot com. Newts World is produced by 458 00:27:46,800 --> 00:27:52,040 Speaker 1: Gengli Street sixty and iHeartMedia. Our executive producer is Debbie Myers, 459 00:27:52,440 --> 00:27:56,760 Speaker 1: our producer is Garnsey Sloan, and our researcher is Rachel Peterson. 460 00:27:57,480 --> 00:28:01,840 Speaker 1: The artwork for the show was created by Pendley Special 461 00:28:01,880 --> 00:28:05,280 Speaker 1: Thanks to the team at Gingwich three sixty. If you've 462 00:28:05,280 --> 00:28:08,560 Speaker 1: been enjoying Newtsworld, I hope you'll go to Apple Podcast 463 00:28:08,920 --> 00:28:11,679 Speaker 1: and both rate us with five stars and give us 464 00:28:11,680 --> 00:28:14,280 Speaker 1: a review so others can learn what it's all about. 465 00:28:15,000 --> 00:28:18,120 Speaker 1: Right now, listeners of news World can sign up from 466 00:28:18,119 --> 00:28:22,760 Speaker 1: my three free weekly columns at Gingwich three sixty dot 467 00:28:22,760 --> 00:28:27,440 Speaker 1: com slash newsletter. I'm new gingwish. This is newts world.