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Speaker 1: Now I Bloomberg without a government, what are the political

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Speaker 1: reality the president has increasingly frustrated. I want to try

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Speaker 1: to cut through the noise politically. This is devastating. Sound

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Speaker 1: On with Kevin, the insiders, the influencers, the insiders. It

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Speaker 1: is no secret that I care a lot about the consumers.

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Speaker 1: There are real questions about did TEP we still have

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Speaker 1: more leverage to me as ricket tariffs. I think we

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Speaker 1: could do with a little less drama from the White

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Speaker 1: is Sound On with Kevin's related on Bloomberg one and

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Speaker 1: one oh five point seven a m h D two Boltemore.

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Speaker 1: Happy budget day, folks. Did you see the budget? President

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Speaker 1: Trump outlining his vision in a four point seven trillion

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Speaker 1: dollar budget, But it's really dead on arrival in terms

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Speaker 1: of Congress, and not just because of Democrats. Republicans have

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Speaker 1: some fiscal concerns. We're going to dive into the budget fallout.

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Speaker 1: Plus a briefing today from White House Press Secretary Sarah Sanders.

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Speaker 1: The last times she had one of them forty two

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Speaker 1: days ago, All Star Panel to help us navigate through

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Speaker 1: the week ahead and the day that was, we have

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Speaker 1: Raoul al Velar is a Democratic strategist and former national

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Speaker 1: political director for the Democratic National Committee, and Sarah Kim,

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Speaker 1: friend of the program, Republican strategist and former senior advisor

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Speaker 1: and the Trump administration, as well as a former healthcare

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Speaker 1: counsel on the House Oversight and Government Reform Committee. But

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Speaker 1: before we break down all of the headlines, let's get

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Speaker 1: caught up to speed. Budget. Budget, budget, Happy budget day, folks.

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Speaker 1: President Trump unveiling that budget actually technically a little bit

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Speaker 1: earlier than they had hoped. They posted it online ahead

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Speaker 1: of the official embargo. Oh well, but President Trump is

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Speaker 1: seeking one of the largest ever cuts to domestic discretionary

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Speaker 1: spending in a four point seven trillion dollar fiscal twenty

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Speaker 1: twenty budget proposal that is also going to boost defense

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Speaker 1: spending and adds eight point six billion dollars for building

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Speaker 1: a border wall. I'm reading, of course, from our colleagues

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Speaker 1: reporting by Eric Watson and Justin Sink on the Bloomberg Terminal. Really,

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Speaker 1: four point seven trillion dollar fiscal budget at eight point

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Speaker 1: six billion for the wall. Democrats here, wall dead on arrival.

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Speaker 1: I mean, there's really it's to say, it's an uphill battle.

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Speaker 1: I was texting with staffers on both sides of the

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Speaker 1: aisle today, and and and truthfully, folks, as really the

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Speaker 1: budget in every administration as it comes out, all that

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Speaker 1: really has become is an opportunity for whomever is in

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Speaker 1: the White House to lay out their vision for the future,

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Speaker 1: to be able to see and project the battle lines

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Speaker 1: politically speaking, for them to maneuver in and out of

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Speaker 1: And I was struck by the joint statement from how

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Speaker 1: Speaker Nancy Pelosi as well as Senate Minority Leader Chuck

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Speaker 1: Schumer when they released in a joint statement saying essentially,

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Speaker 1: did the President learn anything from thirty six day partial

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Speaker 1: government shutdown the last go around? Because if this is

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Speaker 1: the budget proposal, well, then we could have a repeat,

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Speaker 1: maybe even another government shutdown come the fall. I want

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Speaker 1: to dive into the wonky what's in the budget talk

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Speaker 1: with our all star panel. Sarah cam is a Republican

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Speaker 1: strategist and former senior adviser and the Trump administration. She

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Speaker 1: also happened to lend me an iPhone charger, so she

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Speaker 1: gets the raho Al Lar is the Democratic strategist and

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Speaker 1: former national political director for the d n C. So Sarah, seriously, though,

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Speaker 1: I mean and as a Republican, this is the budget.

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Speaker 1: It feels like we're gearing up for a rerun fight

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Speaker 1: in the fall over the Wall. I thought we were

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Speaker 1: past this. Well, I think you made the most important

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Speaker 1: point right at the start, which is the budget is

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Speaker 1: mandated by law for the president to issue, and since

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Speaker 1: ninete the president has done so. But over the years,

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Speaker 1: it's a political document and it states the president's priority,

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Speaker 1: and President Trump's number one priority is the wall. Role. Yes,

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Speaker 1: no necessaries, absolutely right. However, if you're going to go

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Speaker 1: into a budget that you need to go ahead and

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Speaker 1: provide services for people for the country, uh you you can't,

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Speaker 1: and you shouldn't use a political uh football to to

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Speaker 1: to do that. And that's exactly I think what this

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Speaker 1: administration is doing, and it's not it's not going to

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Speaker 1: be good for the American people. So let's dive a

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Speaker 1: little deeper. And so what's in this budget? Because it

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Speaker 1: calls for reducing regular non defense discretionary spending from five

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Speaker 1: from five hundred and ninety seven billion dollars to five

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Speaker 1: hundred and forty three billion dollars. That's a nine percent

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Speaker 1: cut in So Republicans, Sarah have been wondering, and you

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Speaker 1: as well. We talked about this before, what's going on

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Speaker 1: with the national deficit, what's going on with all this

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Speaker 1: government fund The President trying seemingly to address this, but

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Speaker 1: when you factor in disaster relief funding, the cut amounts

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Speaker 1: about or a four point six percent they round it up,

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Speaker 1: but a four point six percent cut and discretionary funding.

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Speaker 1: So when you read through the fifty page blueprint and

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Speaker 1: not the extended appendices, which you'll see around page seven

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Speaker 1: or eight, is that our interest payments on our debt

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Speaker 1: will exceed spending on the defense in ten years. Yes,

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Speaker 1: so right now, this is twenty nineteen, So according to

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Speaker 1: the O m B, in about ten years, we will

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Speaker 1: spend more paying interest on our debt than the entire

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Speaker 1: budget of the U. S. Department of Defense. And what

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Speaker 1: the proposal that President Trump issue today tries to do

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Speaker 1: is diminish what we actually pay our interest payments on.

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Speaker 1: And we have to go to what people traditionally considered

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Speaker 1: to be the third rails, which is Medicare, Medicaid and

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Speaker 1: some of these social programs. We have to start making cuts.

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Speaker 1: And these cuts are drastic, These cuts aren't dramatic, and

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Speaker 1: most importantly, it is just a bluepoint. Congress Speaker Pelosi,

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Speaker 1: Majority Leader Chuck Schumer. They're the ones that actually put

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Speaker 1: together the text to make these spending cuts or increases. Erry,

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Speaker 1: I gotta be honest here, Democrats progressives like we had

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Speaker 1: on on Friday from the from the Justice Democrats, all

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Speaker 1: they're hearing is there as Republicans on the White House

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Speaker 1: water cut Medicare and want to cut Medicare. No, Raul,

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Speaker 1: that is absolutely true to the tune of eighty five

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Speaker 1: billion dollars. Uh. And those are those are you know important?

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Speaker 1: Those are these are our grandparents and that's the fight

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Speaker 1: you want to have as a Democrat. No, absolutely, because

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Speaker 1: I mean, these are these are issues that American people

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Speaker 1: care about. These are these are um these are functions

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Speaker 1: that the government provides for for Americans out there too,

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Speaker 1: to buy their medication, to go to the hospital, to

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Speaker 1: go to the doctors. Well, I'm not sure where Raul

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Speaker 1: gets this eight and forty eight billion dollars because I

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Speaker 1: read the budget p pos. Well, I've also read the

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Speaker 1: trustees reports, the Social Security Administrative reports, and that number

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Speaker 1: doesn't exist. I mean, what we see is that people

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Speaker 1: live longer. Medicare was put into effect. When people live

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Speaker 1: to be sixty one and they start to give it

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Speaker 1: when they were sixty three. Then you have people using

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Speaker 1: these advanced technologies, and so the spending per person has

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Speaker 1: gone up fifteen, sixteen, seventeen thousand. I mean, at some

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Speaker 1: point you have to create a social welfare program that

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Speaker 1: actually helps the people who it was created to help well.

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Speaker 1: And that's exactly what the Medicare and Medicaid does. As

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Speaker 1: as a matter of fact, the President himself said during

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Speaker 1: the campaign and a number of other occasions that he

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Speaker 1: wasn't going to touch medicaid. He wasn't gonna touch medicare. Uh,

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Speaker 1: And here we are uh today talking about, um, you know,

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Speaker 1: the cuts that are going to happen uh to to

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Speaker 1: these to these uh programs. I mean, and these are

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Speaker 1: not only just programs that that are going to be affected,

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Speaker 1: but you know, I worked at HUD when I was

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Speaker 1: at the administration, uh, and the and the mistery exactly,

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Speaker 1: and these are you know, these are people's um, you know, livelihoods.

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Speaker 1: This is where people live. And when you're cutting these

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Speaker 1: types of things out of people's lives, it doesn't make

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Speaker 1: any sense because uh, you know, they're they're they're they're

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Speaker 1: they're there to help folks. So Democrats here slashes to

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Speaker 1: medicare and medicaid, Republicans here build a wall. There's something

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Speaker 1: in this for everybody in terms of the political messaging

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Speaker 1: both sides. Truthfully, I think that this is how it's

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Speaker 1: gonna be played. I want to I want to get

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Speaker 1: into this coming up, but I do want to play

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Speaker 1: for you before we take a break. White House Press

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Speaker 1: Secretary Sarah Sanders, because she was asked about the wall.

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Speaker 1: She was asked about, uh, the national emergency and how

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Speaker 1: the president now again eight point six billion dollars for

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Speaker 1: for the for the wall. So here's White House Press

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Speaker 1: Secretary Sarah Sanders. He gave Congress a number of opportunities

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Speaker 1: to actually address it and they failed to do so.

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Speaker 1: So the President is taking his constitutional thor that Congress

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Speaker 1: branded him. Coming up, we're gonna have much more on

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Speaker 1: the budget as well as on the fallout from the wall.

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Speaker 1: Can the President get additional funds not just through declaring

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Speaker 1: a national emergency but also from this budget? Sarah Kim,

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Speaker 1: Republican strategist, stays, as does Raoul Alblar, democratic strategist and

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Speaker 1: former national political director for the d n C. We're

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Speaker 1: talking as well, Kevin Cirelli. Remember you can download the

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Speaker 1: Sound On podcast on Apple iTunes, at Bloomberg dot com

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Speaker 1: or by downloading the Bloomberg Business app. You can also

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Speaker 1: check us out on radio dot com and I Heart Radio.

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Speaker 1: You're listening to Bloomberg. This is Sound On with Kevin

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Speaker 1: Crell on Bloomberg and one oh five point seven m

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Speaker 1: h D two Boltemore. The same thing will repeat itself

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Speaker 1: if he tries this again, so we hope he's learned

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Speaker 1: his lesson. That was Senate Minority Leader Chuck Schumer, Democrat

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Speaker 1: from New York, speaking on the Sunday Shows about President

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Speaker 1: Trump's budget proposal. He says he's hoped that the president

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Speaker 1: has learned his lesson. It looks like, folks, we could

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Speaker 1: be in for another apostible, possible partial government shutdown in

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Speaker 1: the fall. The President calling for eight point six billion

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Speaker 1: dollars worth to fund his border wall in this budget request.

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Speaker 1: We're talking about that. We're talking about the week ahead

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Speaker 1: with Sarah Kim, republican strategist, former advisor and the Trump administration,

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Speaker 1: and Raoul al Vilar, democratic strategist and former national political

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Speaker 1: director for the d n C. We're gonna talk with

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Speaker 1: Raoul coming up, but let's stick with the budget folks,

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Speaker 1: because you know, I mean essentially this we were talking

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Speaker 1: about this in both of you having worked at government agencies.

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Speaker 1: No that really this is just a messaging tool. Now

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Speaker 1: I can get you to agree on that, right, I mean,

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Speaker 1: I agree with you, I would say, So how does

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Speaker 1: this actually even get get written? I mean, how how

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Speaker 1: how is this even crafted? This is like a year

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Speaker 1: in the making. Notes Orry, Yes, So individuals um within

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Speaker 1: the respective departments and agencies are told to submit their

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Speaker 1: budgetary request to Congress and then it's handed over to

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Speaker 1: omb and they go through the numbers and they put

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Speaker 1: together what they believed to be the working budget at

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Speaker 1: the United States government, and then the President messages and

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Speaker 1: crafts what those priorities should be. So he takes the

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Speaker 1: actual dollars and cents and he turns it into what

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Speaker 1: he wants. And you know that current act in Chief

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Speaker 1: of Staff mcmulvaney, who led the Budget Office prior to

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Speaker 1: being one of the founding members of the Freedom Caucus,

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Speaker 1: one of the conservative fiscally conservative wings and the Republican Party.

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Speaker 1: While will you know he was walking out over this.

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Speaker 1: He loves this. He's crunching the numbers, got the calculator out.

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Speaker 1: I actually, truthfully, based on my reporting and talking over there,

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Speaker 1: they actually really enjoyed this process because they really argued

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Speaker 1: using this as the blueprint of sorts. Right. No, no,

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Speaker 1: you're absolutely right. And when you say wonking out, they do.

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Speaker 1: My former boss, Sean Donovan was OMD director too, and

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Speaker 1: he's he was a numbers guy. Um and so yeah,

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Speaker 1: so they so they do. By the way, Um, he's

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Speaker 1: up in New York. He's uh, yeah, he's yeah, he was.

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Speaker 1: He's he's with his family and his kids are still

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Speaker 1: going to school and whatnot. So so there. But but

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Speaker 1: but this budget thing is going to do nothing. I mean, like,

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Speaker 1: there's no way he's gonna get eight point six billion

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Speaker 1: for the wall. Right. Well though, I'm sorry, Siry, it's

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Speaker 1: not gonna happen. It's not gonna happen. I mean, you

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Speaker 1: heard Chuck Shimmer and uh Speaker Pelosi say this. I mean,

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Speaker 1: and I think it's it's part of what the president

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Speaker 1: is trying to do too. I mean, he's thinking long term,

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Speaker 1: he's thinking and you know, we'll talk twenty here in

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Speaker 1: a bit. But if if this is a this is

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Speaker 1: a tool for him to galvanize his people of his

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Speaker 1: supporters rather uh, and I think that this will help

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Speaker 1: uh that piece. But then on the other side, uh,

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Speaker 1: you know, if we do have another partial shutdown or

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Speaker 1: shutdown out together, it's it's it's wrong for the American people.

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Speaker 1: It's wrong for the workers who work their butts off

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Speaker 1: every day at these agencies because they're trying to help people.

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Speaker 1: They're trying to make sure that our grandparents, like I

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Speaker 1: said earlier, have Medicare and Medicaid, or that people who

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Speaker 1: it's it's an important thing. Larry Cudlow was on Fox

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Speaker 1: News Sunday on the Sunday Shows yesterday. He was asked

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Speaker 1: about this by by Chris Wallace. Chris Wallace from Boxings.

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Speaker 1: Here's here's this exchange because it really plays into what

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Speaker 1: we're talking about now here. It is, so there's gonna

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Speaker 1: be another budget fight over the wall. Well, I suppose

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Speaker 1: there will be. Um. I would just say that the

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Speaker 1: whole issue of the wall on board of Security is

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Speaker 1: a paramount importance. We have a crisis down there. So

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Speaker 1: that's Larry Cudlow, But Okay, enough about the wall, enough

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Speaker 1: about Medicare and medic kid. You know what really jumped

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Speaker 1: out at me. I mean, this is where I'm really

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Speaker 1: going to show how much of a complete total dork

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Speaker 1: I am. Space Force. I'm kind of I'm kind of

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Speaker 1: obsessed with this. I mean, this is fascinating. This budget

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Speaker 1: actually creates a new branch in the military. And you know,

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Speaker 1: I think that this actually will outlast this administration. I

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Speaker 1: think other administrations, regardless of their political affiliation, they're not

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Speaker 1: going to like shut down a branch of the military. Also,

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Speaker 1: from a government contracting perspective, the Boeings, the Caterpillars, the

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Speaker 1: defense contractors, that's huge news for them in terms of

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Speaker 1: the you know, get out of the left and the

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Speaker 1: right partisan fight, but in terms of projecting the forecast

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Speaker 1: for the future, that's huge news for them. Well, look,

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Speaker 1: you look like you want to jump in here. No.

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Speaker 1: I was just gonna say, I think there is so

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Speaker 1: much that we have to fund that is just basic

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Speaker 1: and fundamental um And I guess maybe it's just me

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Speaker 1: being a Democrat and caring about other folks and how

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Speaker 1: how our social you know, structures work, and how and whatnot.

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Speaker 1: I I just don't think that that it's a it's

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Speaker 1: an issue that UH needs that needs to be funded.

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Speaker 1: I mean, where are the fiscal responsible Republicans on this

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Speaker 1: type of stuff? Like what are we actually paying for? Um? So,

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Speaker 1: I just I just I don't see it. And it's

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Speaker 1: clearly as you did. Well, I think I think I

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Speaker 1: just grew up watching I should I should, Yeah, I

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Speaker 1: should have prefaced it with how much NERD move? Well,

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Speaker 1: I totally disagree, mostly because President Obama seated the entire

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Speaker 1: space to China and Russia. I mean, when we left

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Speaker 1: the space station, you have to understand our GPS apps

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Speaker 1: are locators. All these services that are based upon satellite

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Speaker 1: technologies are done in space. When the United States is

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Speaker 1: not out there and they are not protecting this these

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Speaker 1: locator technologies and we're leaving it to Russia and China,

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Speaker 1: then we are leaving ourselves defenseless. And also, I would

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Speaker 1: like to point out, since I didn't get a chance

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Speaker 1: to rebut President Obama from two thousands presidents. Okay, Kevin,

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Speaker 1: I love you, you know I love you. You are

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Speaker 1: my faith pizza, and I'll attempt to souls like alright,

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Speaker 1: I just wanted to say I just want to say

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Speaker 1: that from two thousand and seven to two thousand and fifteen,

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Speaker 1: two thousand seventeen, President Obama built five hundred and one

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Speaker 1: miles of Southwest border wall. And you can read it

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Speaker 1: in the g O report eighteen Dash six one four.

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Speaker 1: This is not a Republican fact. The Government Accounting Office

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Speaker 1: actually said it. So if it was okay for President

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Speaker 1: Obama to build five hundred and one two miles along

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Speaker 1: the southwest border, why is it wrong for President Trump

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Speaker 1: to do it. It's not. It's just a different man

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Speaker 1: in it, in the same office, prioritizing the same thing

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Speaker 1: that is important to this country, Like ten seconds before

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Speaker 1: I gotta pay bills. I disagree on that. Um, you

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Speaker 1: know that this is the difference between the President Obama

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Speaker 1: and President Trump now is that we didn't use it

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Speaker 1: as a political football. Alright, coming up, we get out

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Speaker 1: of the budget fallout, uh, and we talked as well

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Speaker 1: as all of the other hot button issues that are

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Speaker 1: on the agenda for this week. Look, space Force, it's interesting.

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Speaker 1: I still think it's interesting. We can have the ideological

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Speaker 1: discussion around it, but commercial space travel is fascinating, especially

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Speaker 1: to see where the technology and artificial intelligence and everything

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Speaker 1: is leading us. It's leading us to space. Folks. Seray

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Speaker 1: kim Stays Republican strategists, former senior advisor in the Trump administration,

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Speaker 1: as does albi Lar, Democratic strategists and former national political

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Speaker 1: director for the d n C. Kevin Serelli. You can

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Speaker 1: download this sound on podcast on Apple iTunes, at Bloomberg

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Speaker 1: dot com, or by downloading the Bloomberg Business app. You

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Speaker 1: can also check us out as well as all of

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Speaker 1: my colleagues on radio dot com and I Heart Radio.

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Speaker 1: It feels like spring. We're almost there. You're listening to Bloomberg.

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Speaker 1: This is sound On with Kevin Surreally on Bloomberg one

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Speaker 1: and one oh five point seven of m h D

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Speaker 1: two Baltimore. I'm Kevin Sirelli, Bloomberg News Chief Washington correspondent

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Speaker 1: from Bloomberg Television and Bloomberg Radio. What a beautiful day

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Speaker 1: out there. Spring is coming complete opposite of what it

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Speaker 1: was like on Friday. No, but hopefully you get to

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Speaker 1: enjoy some of this beautiful, beautiful weather outside. It should

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Speaker 1: be sticking around for the next day or so. We're

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Speaker 1: talking about the budget. We're also you know, it's it

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Speaker 1: is season and there's been a lot of back and forth.

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Speaker 1: Everybody wants to know whether or not former Vice President

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Speaker 1: Joe Biden is going to get into the race. We've

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Speaker 1: got an all star panel to break all of this down.

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Speaker 1: Sarah Kim is a Republican strategist, friend of the show

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Speaker 1: and former senior adviser and the Trump administration. Has worked

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Speaker 1: inside of the different agencies, in particular a former healthcare

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Speaker 1: counsel in the House Oversight and Government Reform Committee, so

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Speaker 1: knows the ins and the outs of of an administration

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Speaker 1: as well as, of course the the what's going on

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Speaker 1: up on Capitol Hill. Roll alvi Lar Democratic strategists, worked

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Speaker 1: at hud uh in the Obama administration, and former national

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Speaker 1: political director for the d n C, the Democratic National Committee.

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Speaker 1: When were you at the d n C role? I

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Speaker 1: was the national political director for that for when oh when,

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Speaker 1: I'm sorry, um, I was there from twenty thirteen, uh

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Speaker 1: fourteen to sixteen? Right? Wow? Okay, yeah, So all of

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Speaker 1: these different kind of political constituencies. When you look at

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Speaker 1: such a crowded democratic field, everyone's running for president, I

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Speaker 1: mean it's hard to keep colt. I mean, who who

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Speaker 1: jumps out? Oh god, I I well, I'll give you

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Speaker 1: the the democratic answer. All of them do. They're they're all,

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Speaker 1: They're all give me your answer. That's what we do.

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Speaker 1: Sound we have a conversation like no one's listening, just us. No. Look,

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Speaker 1: I think I think there are a number of good

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Speaker 1: candidates that are running. Um. I think obviously the former

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Speaker 1: Vice president, Um, Joe Biden has a very good opportunity

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Speaker 1: to to to do well. And I'm not saying that

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Speaker 1: just because I worked for him at the White House,

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Speaker 1: but um, I think he does well. And then also

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Speaker 1: I think Kamala Harris is also bringing in some good conversations.

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Speaker 1: So Biden, let's talk the former vice president, let's talk

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Speaker 1: the Acela corridor. Uh. I love when I take whenever

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Speaker 1: I get Sometimes I get off at the Wilmington's station,

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Speaker 1: the Joe Biden stop whenever I'm going back home to

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Speaker 1: visit my folks outside of Philly, and and every time

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Speaker 1: I get off, I see the Joe Biden station. I'm like,

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Speaker 1: that's kind of cool that he has that. You know,

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Speaker 1: forget about having an airport after you, you want the

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Speaker 1: train station. But h but if he gets in, he

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Speaker 1: obviously is a front runner, namely because of name recognition,

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Speaker 1: how does he How does he articulate a vision forward?

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Speaker 1: How does he you know, because presidential campaigns everyone would

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Speaker 1: agree or about the future, they're not about the past.

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Speaker 1: So how does he How does he convince voters in

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Speaker 1: a primary that he would have a new vision, new

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Speaker 1: I is for the future? Right? But well, first, I

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Speaker 1: think he needs to focus on Iowa as all all

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Speaker 1: of them are. Um. You know, Iowa will be the

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Speaker 1: first in the nation, as everybody knows or most people

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Speaker 1: do do uh. And I think that what he needs

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Speaker 1: to do is he needs to talk um pragmatically, and

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Speaker 1: he needs to talk about the economy. I think all

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Speaker 1: of our candidates need to talk about the economy and

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Speaker 1: what's going on in the economy and how is this

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Speaker 1: economy helping them, how is it helping their family? Uh?

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Speaker 1: And and also talk about, you know, stuff that we

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Speaker 1: need to to diversify our economy, and also talk about

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Speaker 1: things that they're gonna do to help the American people,

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Speaker 1: whether it's increasing limnimum wage or or or you know

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Speaker 1: a number of different issues. They stick with me here

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Speaker 1: because I don't want to go into why you know,

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Speaker 1: given you being a Republican, I would assume you're not

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Speaker 1: going to be voting for any of the Democrats who

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Speaker 1: are running against President Trump, so push that aside. But

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Speaker 1: from an analytical standpoint, I know after covering Senator Elizabeth

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Speaker 1: Warren what she wants to do. I know what Senator

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Speaker 1: Bernie Sanders wants to do. What I know that President

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Speaker 1: Trump wants to build a wall? What challenge do you think,

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Speaker 1: from an analytical standpoint, someone like a former Vice President

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Speaker 1: Biden enough or even a Senator Kamala Harris, Or do

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Speaker 1: you think it's enough in this day and age to

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Speaker 1: rum purely on personality, on likability, and not on having

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Speaker 1: a thing, for lack of a better term, an idea. No,

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Speaker 1: I think that Democrats will lose if they focus on

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Speaker 1: beating Trump. You can't beat Trump, even in a primariage.

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Speaker 1: You have to have a vision, right right. You can't

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Speaker 1: make fun of his hair or all the corrupt deals

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Speaker 1: or whatever it is you want to allege and stir up.

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Speaker 1: The only way you beat Trump is if you do

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Speaker 1: create this alternate reality, this alternate vision, so where someone

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Speaker 1: like Biden can win or someone like Kamala Harris could win,

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Speaker 1: is if they present an idea of the country and

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Speaker 1: its position in the world that Trump is unable to

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Speaker 1: phil and the moment they play into his game, they're

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Speaker 1: gonna lose. I I agree, I said I was gonna,

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Speaker 1: did not say. Welling into the studio, I said, I'm

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Speaker 1: gonna find Christie Barata are executive priest some of the

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Speaker 1: fine area for which they agree, go ahead roll not

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Speaker 1: to my own horn view, you absolutely did. Um, And yes, no,

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Speaker 1: I I think you're right. I think we we we

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Speaker 1: we you know, all of those other things that you

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Speaker 1: mentioned are important, but again it needs to be a

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Speaker 1: vision of what we are going to do for Americans.

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Speaker 1: What are we going to do for the hard working

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Speaker 1: Americans that again work are up in the Midwest or

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Speaker 1: in the South or anywhere for that matter. Um, you

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Speaker 1: know there's a reason why we're having the convention. Um

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Speaker 1: you know mentioned earlier in Milwaukee, right, um fo yes, right, um.

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Speaker 1: And so I think if we continue to outline those

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Speaker 1: those types of uh agendas, I think we're going to

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Speaker 1: do well. And you know, yes, the candidate itself for

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Speaker 1: the am paying itself, shouldn't you know, rail against Trump

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Speaker 1: and all the craziness and the lies and etcetera. Well,

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Speaker 1: they're all gonna do that. This is my thing when

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Speaker 1: you have fifteen million presidential candidates. But but but you

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Speaker 1: let other people do that, you let your Sarah Gates

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Speaker 1: do that, and you be the candidate and you tell people,

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Speaker 1: this is what I'm gonna do to provide to make

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Speaker 1: sure that you can take your children to Disneyland and

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Speaker 1: not have to worry about I get knocked for being

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Speaker 1: under thirty a lot. But but let me just say,

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Speaker 1: I think what happened in the last cycle was President

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Speaker 1: Trump took the gloves off and he went after every

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Speaker 1: single other Republican just as hard as he was going

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Speaker 1: after Hillary Clinton and former President Obama. And I think that,

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Speaker 1: you know, when whether it's Senator Warren, Senator Sanders, p

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00:24:41,160 --> 00:24:46,000
Speaker 1: Beauty egg or oh my gosh, it's only Monday and

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00:24:46,040 --> 00:24:50,160
Speaker 1: I'm already like whatever, but him, whether it's a former

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00:24:50,280 --> 00:24:52,760
Speaker 1: vice president whoever takes the gloves off on on the

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00:24:52,800 --> 00:24:56,400
Speaker 1: and like gets past this. You know. I will say,

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00:24:56,800 --> 00:25:01,240
Speaker 1: you can say what you want about about about Congresswoman

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Speaker 1: Omar but her criticism of the Obama administration. You might

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00:25:04,320 --> 00:25:06,239
Speaker 1: just folks might disagree with it. But that is an

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Speaker 1: actual debate that's happening within the Democratic Party. Whether or

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00:25:09,280 --> 00:25:12,920
Speaker 1: not it's liberal enough, the same way that that candidate

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00:25:12,920 --> 00:25:15,439
Speaker 1: Donald Trump had a debate about the Iraq War and

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00:25:15,480 --> 00:25:18,400
Speaker 1: the Bush legacy. I mean, these are these are debates

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00:25:18,400 --> 00:25:21,800
Speaker 1: that are happening at the grassroots, and until that happens,

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Speaker 1: I think we're in. I don't really think the campaign

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00:25:24,000 --> 00:25:27,399
Speaker 1: starts until candidates start to take the gloves off. Coming up,

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00:25:27,440 --> 00:25:30,240
Speaker 1: we take the gloves off, the policy gloves. We continue

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00:25:30,280 --> 00:25:34,919
Speaker 1: talking budget battle. And did you hear what Tulsi Gabbered,

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00:25:35,600 --> 00:25:41,360
Speaker 1: Democratic presidential candidate had to say about Congresswoman Omar Will

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00:25:41,400 --> 00:25:45,080
Speaker 1: get Raoul to weigh in on that. You can download

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00:25:45,119 --> 00:25:48,720
Speaker 1: the Sound On podcast on Apple iTunes, at Bloomberg dot com,

457
00:25:48,840 --> 00:25:51,600
Speaker 1: or by downloading the Bloomberg Business app. You can also

458
00:25:51,640 --> 00:25:54,119
Speaker 1: find us on Radio dot com and I Heart Radio.

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00:25:54,480 --> 00:25:57,240
Speaker 1: What a beautiful day, folks, enjoy it. I'm Kevin SURRELLI

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00:25:57,280 --> 00:26:05,040
Speaker 1: you're listening to Bloomberg. You're listening to Sound On with

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00:26:05,160 --> 00:26:09,359
Speaker 1: Kevin Surreally on Bloomberg one and one oh five point

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00:26:09,400 --> 00:26:14,320
Speaker 1: seven f m HD to Baltimore. I'm Kevin Cirelli, Bloomberg

463
00:26:14,359 --> 00:26:19,000
Speaker 1: News Chief Washington correspondent from Bloomberg Television and Bloomberg Radio.

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00:26:19,119 --> 00:26:22,080
Speaker 1: We're talking chatter. We were talking the budget with our

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00:26:22,119 --> 00:26:25,639
Speaker 1: all star panel, Sarah Kim, Republican strategist, former senior advisor

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00:26:25,680 --> 00:26:29,159
Speaker 1: of the Trump administration, and Raoul Alavi, lar Democratic strategist

467
00:26:29,400 --> 00:26:33,960
Speaker 1: and former national political director for the Democratic National Committee.

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00:26:34,160 --> 00:26:37,160
Speaker 1: Something role that we were talking about that has tripped

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00:26:37,200 --> 00:26:41,200
Speaker 1: up Republicans divided Republicans has been these anti semitic comments

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00:26:41,240 --> 00:26:46,679
Speaker 1: from Congresswoman Elan Omar, a Democrat from Minnesota, a freshman

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00:26:46,720 --> 00:26:50,840
Speaker 1: congresswoman who has repeatedly kept making these remarks and it's

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00:26:50,840 --> 00:26:54,720
Speaker 1: received criticism not just from Republicans, but but really from

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Speaker 1: Democrats as well. They had that whole resolution, the fight

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00:26:58,119 --> 00:27:03,919
Speaker 1: over expanding a resolution as well. And Tulsi Gabbard, a congresswoman,

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00:27:04,320 --> 00:27:08,240
Speaker 1: was asked about this at south By Southwest. She's a

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00:27:08,359 --> 00:27:11,480
Speaker 1: congresswoman from Hawaii, and I'm not at south By Southwest.

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00:27:11,520 --> 00:27:13,640
Speaker 1: I apologize. She was asked about this at a CNN

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00:27:13,720 --> 00:27:18,159
Speaker 1: town hall about really just all of this controversy, and

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00:27:18,200 --> 00:27:21,760
Speaker 1: I want to play for you what she said. She

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00:27:21,920 --> 00:27:23,600
Speaker 1: is of course running for president, and then I want

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00:27:23,600 --> 00:27:25,159
Speaker 1: to get your your take on it. Here it is,

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00:27:26,440 --> 00:27:30,800
Speaker 1: there are people who have expressed their offense at these statements.

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00:27:31,160 --> 00:27:34,560
Speaker 1: I think that what Congresswoman Omar was trying to get

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00:27:34,600 --> 00:27:38,360
Speaker 1: at was a deeper issue related to our foreign policy.

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00:27:38,520 --> 00:27:40,720
Speaker 1: And I think there's an important discussion that we have

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00:27:40,840 --> 00:27:43,439
Speaker 1: to be able to have openly, even though we may

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00:27:43,520 --> 00:27:45,880
Speaker 1: end up disagreeing at the end of it, that we've

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00:27:45,880 --> 00:27:47,480
Speaker 1: got to be able to have that openness to have

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00:27:47,600 --> 00:27:52,359
Speaker 1: the conversation. But Raoul, I mean listen, I mean you know,

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00:27:52,680 --> 00:27:55,400
Speaker 1: and I would ask this to Congresswoman Gabbard. No one

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00:27:55,560 --> 00:27:59,200
Speaker 1: is no one. I am hard pressed to find one

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00:27:59,240 --> 00:28:02,679
Speaker 1: individual in this debate who was saying, don't have a

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00:28:02,720 --> 00:28:08,000
Speaker 1: conversation about ISRAELI Paul us is rarely policy, US Palestinian policy,

494
00:28:08,080 --> 00:28:10,880
Speaker 1: or Israel and Palestine. That is not what we are.

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00:28:11,280 --> 00:28:13,440
Speaker 1: What anyone is saying. It's saying that these are anti

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00:28:13,480 --> 00:28:16,520
Speaker 1: Semitic remarks, right, Yeah, No, I know, I know the

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00:28:16,560 --> 00:28:20,280
Speaker 1: congresswoman and um I would have to disagree. I think

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00:28:20,359 --> 00:28:25,800
Speaker 1: that with her. Again, Yeah, I I think the Congresswoman

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00:28:25,800 --> 00:28:29,040
Speaker 1: of Omar's comments, I think we're we're hurtful and I

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00:28:29,040 --> 00:28:32,119
Speaker 1: think offensive too many, uh and feeds into the whole

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00:28:32,160 --> 00:28:35,040
Speaker 1: same thing of you know, what we're trying to to

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00:28:35,040 --> 00:28:38,600
Speaker 1: to protect and not have any anti Semitic comments, etcetera, etcetera.

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00:28:38,640 --> 00:28:41,240
Speaker 1: So I think that uh. And as a matter of fact,

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00:28:41,280 --> 00:28:43,760
Speaker 1: I mean, I forget the name of the Fox News

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00:28:43,800 --> 00:28:47,200
Speaker 1: anchor that you call, you know, UH used her her

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00:28:47,280 --> 00:28:50,200
Speaker 1: garb as a saying that she's not American. So it

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00:28:50,240 --> 00:28:52,120
Speaker 1: feeds into that kind of stuff, and and and it

508
00:28:52,200 --> 00:28:54,400
Speaker 1: perpetuates it, and it's not I don't think it's good.

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00:28:54,400 --> 00:28:56,800
Speaker 1: All right. Joining us on the line now, special guest

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Speaker 1: Chairman John Yarmouth, who is a Democrat m Kentucky's third

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00:29:01,120 --> 00:29:04,600
Speaker 1: congressional district. He is also, of course the chairman of

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00:29:04,640 --> 00:29:08,360
Speaker 1: the House Budget Committee. Thrilled to have him on the line.

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00:29:08,680 --> 00:29:10,960
Speaker 1: Mr Chairman, thank you for joining us. I want to

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Speaker 1: get your response to the budget. Is there anything in

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00:29:14,480 --> 00:29:19,320
Speaker 1: there at all that that Democrats can work with? Well,

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00:29:19,360 --> 00:29:21,920
Speaker 1: I think a couple of things, Kevin, and thanks for

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00:29:21,960 --> 00:29:25,760
Speaker 1: having me on. I think even though we consider his

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00:29:26,040 --> 00:29:31,600
Speaker 1: infant infrastructure proposal UH totally inadequate, I do believe it

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00:29:31,760 --> 00:29:35,320
Speaker 1: shows a willingness to move on that and Democrats definitely

520
00:29:35,360 --> 00:29:38,880
Speaker 1: want to work with the administration on UH an infrastructure

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00:29:39,200 --> 00:29:45,280
Speaker 1: an infrastructure package. UM. There are some commitment in the

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00:29:45,320 --> 00:29:48,680
Speaker 1: budget to cyber security It's kind of hard with the

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00:29:48,760 --> 00:29:52,000
Speaker 1: detail we have right now to see how big a

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00:29:52,000 --> 00:29:54,480
Speaker 1: commitment it is. But I think that's a priority that

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00:29:54,560 --> 00:29:57,640
Speaker 1: we all share is to is to invest heavily in

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00:29:58,520 --> 00:30:03,520
Speaker 1: cyber security. And then there's also a proposal to uh

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00:30:03,760 --> 00:30:08,280
Speaker 1: seems like a significant proposal to work on the government's

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00:30:08,560 --> 00:30:13,440
Speaker 1: t infrastructure information technology and um, I know from a

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00:30:13,480 --> 00:30:18,200
Speaker 1: lot of agencies they're dealing with an equated equipment and

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00:30:18,280 --> 00:30:21,560
Speaker 1: we really need to to work on that. So yeah,

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Speaker 1: there there are a few things that where we have

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00:30:24,560 --> 00:30:30,480
Speaker 1: common ground. Unfortunately, far more that we don't. Chairman John Yarmouth,

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00:30:30,760 --> 00:30:34,360
Speaker 1: the House Budget Committee chairman, joining us on the line

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00:30:34,720 --> 00:30:39,400
Speaker 1: from Washington, d C. He is representing Kentucky's third congressional district.

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00:30:39,520 --> 00:30:41,800
Speaker 1: Mr Chairman, what about the issue of drug pricing. I

536
00:30:41,840 --> 00:30:45,120
Speaker 1: hear that a lot from Republicans and Democrats that lowering

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00:30:45,160 --> 00:30:48,719
Speaker 1: the cost of prescription Judge might keyword might be a

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00:30:48,760 --> 00:30:52,640
Speaker 1: policy area where lawmakers can come together on. Thank you,

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00:30:52,680 --> 00:30:58,040
Speaker 1: I should have mentioned that that policy sound Yeah, that

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00:30:58,040 --> 00:31:00,920
Speaker 1: that is another one. Yes, Uh, I know the President

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00:31:01,000 --> 00:31:03,120
Speaker 1: is very interested in that, and of course that was

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00:31:03,160 --> 00:31:07,920
Speaker 1: one of the pillars of our campaign for the people

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00:31:08,040 --> 00:31:10,920
Speaker 1: last fall and we've got to get a handle on

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00:31:11,080 --> 00:31:14,280
Speaker 1: healthcare costs. One of the biggest drivers of that is

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00:31:14,280 --> 00:31:18,200
Speaker 1: is prescription drug prices, and UM, so we would love

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00:31:18,240 --> 00:31:21,840
Speaker 1: to work with the administration. I was struck by Space Force,

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00:31:22,000 --> 00:31:23,960
Speaker 1: and we were talking about this earlier on in the

548
00:31:24,480 --> 00:31:27,400
Speaker 1: in the show, but space Force a new military branch.

549
00:31:27,440 --> 00:31:30,200
Speaker 1: I mean, if you're bowing, if your caterpillar, you know,

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00:31:30,240 --> 00:31:32,360
Speaker 1: I mean, we can geek out over going out of

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00:31:32,400 --> 00:31:35,000
Speaker 1: space and whatnot, but from a from a practical standpoint,

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00:31:35,400 --> 00:31:38,240
Speaker 1: Space Force, I mean, this is really a new fundamental

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00:31:38,320 --> 00:31:43,320
Speaker 1: shift in US defense. Sending no oh, absolutely, and I

554
00:31:43,360 --> 00:31:46,920
Speaker 1: think that's one of the UH proposals in the budget

555
00:31:46,960 --> 00:31:50,160
Speaker 1: that we'll get no traction at all in in this Congress.

556
00:31:50,160 --> 00:31:53,480
Speaker 1: Is certainly not in the House, and I think most

557
00:31:53,560 --> 00:31:57,440
Speaker 1: people just kind of snicker when they hear that. It's

558
00:31:57,480 --> 00:32:02,880
Speaker 1: almost almost a caricature of um the Trump presidency. But UH,

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00:32:03,440 --> 00:32:07,840
Speaker 1: NASA actually did get a substantial boost in this budget,

560
00:32:07,880 --> 00:32:13,760
Speaker 1: whereas most agencies we were cut pretty dramatically. So apparently

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00:32:13,760 --> 00:32:16,560
Speaker 1: he's serious about it, But I don't think again, that's

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00:32:16,600 --> 00:32:20,280
Speaker 1: going very far. Chairman John Yarmouth of the House Budget Committee,

563
00:32:20,360 --> 00:32:23,040
Speaker 1: Mr Chairman, I mean eight point six billion dollars for

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00:32:23,080 --> 00:32:25,960
Speaker 1: a wall. Are we're gonna have another partial government shutdown?

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00:32:26,880 --> 00:32:30,760
Speaker 1: I certainly hope not. We the members of the Democratic

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00:32:30,800 --> 00:32:33,680
Speaker 1: members of the Budget Committee just met with um Acting

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00:32:33,720 --> 00:32:38,880
Speaker 1: direct omb Director Vote and we talked about what what

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00:32:39,040 --> 00:32:42,720
Speaker 1: that money represents, and some of it is actually designed

569
00:32:42,720 --> 00:32:47,600
Speaker 1: to backfill uh, the national emergency spending that the President's

570
00:32:47,640 --> 00:32:52,520
Speaker 1: proposing to do in this fiscal year. So UM, you know,

571
00:32:52,560 --> 00:32:56,480
Speaker 1: we've we've been having that fight for quite a long time.

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00:32:56,560 --> 00:33:00,200
Speaker 1: We shut the government down for five weeks because use

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00:33:00,240 --> 00:33:04,960
Speaker 1: of it. UH would hope that the president, UM would

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00:33:05,040 --> 00:33:11,560
Speaker 1: he'd the words of my colleague from Kentucky, Miss McConnell,

575
00:33:11,560 --> 00:33:13,880
Speaker 1: who said, you never learned anything from the second kick

576
00:33:13,920 --> 00:33:17,560
Speaker 1: of a mule, But uh, the president seems like he

577
00:33:17,600 --> 00:33:20,800
Speaker 1: wants to feel that second kick. You know what I was,

578
00:33:20,840 --> 00:33:24,960
Speaker 1: I was hoping for a Muhammad Ali analogy. Just giving

579
00:33:25,000 --> 00:33:28,760
Speaker 1: your giving your come, I'll come up with one next time,

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00:33:28,800 --> 00:33:31,640
Speaker 1: all right, Mr Chairman John Yarmouth, Chairman of the House

581
00:33:31,680 --> 00:33:34,080
Speaker 1: Budget Committee, thanks for calling in a busy, busy day

582
00:33:34,360 --> 00:33:37,400
Speaker 1: as you prepare for budget battle. How's that? Thank you

583
00:33:37,520 --> 00:33:39,720
Speaker 1: very much? Everybody that's it for me. Thank you to

584
00:33:39,760 --> 00:33:43,920
Speaker 1: our all Star Panel Serry Kim, Republican strategist throughout alb Lar,

585
00:33:44,040 --> 00:33:47,720
Speaker 1: Democratic strategist and former national political director for the d

586
00:33:47,880 --> 00:33:51,480
Speaker 1: n C. Coming up tomorrow more fallout from Budget Day.

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00:33:51,520 --> 00:33:54,320
Speaker 1: We appreciate Chairman John Yarmouth at the House Budget Committee

588
00:33:54,320 --> 00:33:57,080
Speaker 1: for calling in. Remember you can download us on Apple

589
00:33:57,160 --> 00:33:59,720
Speaker 1: it Tunes as well as on the Bloomberg Business app

590
00:34:00,120 --> 00:34:02,600
Speaker 1: out myself as well as my colleagues on Radio dot

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00:34:02,640 --> 00:34:06,160
Speaker 1: Com and I Heart Radio. I'm Kevin SERELLI enjoyed the

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00:34:06,200 --> 00:34:12,160
Speaker 1: beautiful day. You are listening to bloombergea