WEBVTT - Lookin' Out The Slit

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<v Speaker 1>Broadcasting live from the Abraham Lincoln Radio Studio, the George

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<v Speaker 1>Washington Broadcast Center, Jack Armstrong and Joe Ketty arm Strong

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<v Speaker 1>and Jetty and he Armstrong and Getty.

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<v Speaker 2>So, if you're an NFL fan, the very first game

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<v Speaker 2>of the this year was last night Chargers Lions. Chargers

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<v Speaker 2>beat the hell out of the Lions in the Hall

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<v Speaker 2>of Fame game and can'ton Ohio anyway. I came across

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<v Speaker 2>this at Harbaugh. Jim Harbaugh, one of our favorite people

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<v Speaker 2>back when he was a forty nine Ers coach, said

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<v Speaker 2>to his team or media or somebody, because people are

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<v Speaker 2>talking about then all it's freaking July. There's an NFL

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<v Speaker 2>game and preseason and who cares and all that sort

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<v Speaker 2>of stuff, And he said, this game will get higher

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<v Speaker 2>ratings than a World Series baseball game or any NBA

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<v Speaker 2>Finals game. And he's right, that's how much bigger the

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<v Speaker 2>NFL is than the other sports.

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<v Speaker 1>Wow? Is that right?

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<v Speaker 2>He yeah, I didn't look it up, but that's historically,

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<v Speaker 2>that's true, that sort of thing. That's how much bigger

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<v Speaker 2>the NFL is. Wow, they are the five hundred pound guerrilla.

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<v Speaker 1>Anyway.

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<v Speaker 2>So Kamala Harris was on Colbert last night. We talked

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<v Speaker 2>about this a lot. Yesterday, She's got a book out.

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<v Speaker 2>She announced she's not running for governor of California. She's

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<v Speaker 2>clearly running for president, or at least trying to put

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<v Speaker 2>together a team to run for California, and if she

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<v Speaker 2>can get the money people behind her, she will run.

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<v Speaker 2>She's delusional. She was on Colbert. She was always good

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<v Speaker 2>at those. That's why she did them. She's good at

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<v Speaker 2>the smiling, laughing and if you have a host that

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<v Speaker 2>wants to help you along, she's fine at it. And

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<v Speaker 2>I think that's what convinced her in her head she

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<v Speaker 2>could be president because she was good at those. She

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<v Speaker 2>couldn't do any interview where she has challenged on policy.

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<v Speaker 2>But I just wanted to hear this a little bit

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<v Speaker 2>about the intro because I haven't heard this.

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<v Speaker 1>I've just read about it and it sounds gosh.

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<v Speaker 3>Thanks gentlemen, My guest tonight was Vice President of the

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<v Speaker 3>United States. Please welcome her back to the Lake Show.

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<v Speaker 3>Vice President Kamala Harris.

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<v Speaker 1>Listen to that crowd.

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<v Speaker 2>Keep you going there, my, She stands there and waves

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<v Speaker 2>because they're all on their feet, grinning.

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<v Speaker 1>The ear to ear excitement in the.

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<v Speaker 4>Air cheering wildly, I guess, And.

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<v Speaker 1>Here you go with the USA chance. Can you imagine

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<v Speaker 1>what the state of the USA would be if that

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<v Speaker 1>half witted Well, that's not that though. What does that

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<v Speaker 1>tell you? That's good, Michael. What does that tell you politically? Though?

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<v Speaker 2>Now Colbert famously has a very left audience. That's what

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<v Speaker 2>he crafted on purpose. He was the number one show,

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<v Speaker 2>so blah blah blah.

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<v Speaker 1>Uh. But he's got that crowd. But she got beaten

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<v Speaker 1>by Donald Trump, and the crowd is chanting USA and

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<v Speaker 1>he can't get him to quiet down enough to even

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<v Speaker 1>ask her a question. Yeah, I'm just trying to think

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<v Speaker 1>of an analogous situation on the other side of the aisle,

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<v Speaker 1>like if Republicans Conservatives had just erupted in rapturous cheers

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<v Speaker 1>when Bob Dole was introduced for Mitt Romney after his defeat.

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<v Speaker 1>Although you could argue Mitt Romney was a was a

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<v Speaker 1>very good man, could have won, blah blah blah. But

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<v Speaker 1>you know the history. You always have that quote about

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<v Speaker 1>when people run for president and lose. That's the history

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<v Speaker 1>of people when they run for president lose. Even if

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<v Speaker 1>you're a good gut person. People are ardies are done

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<v Speaker 1>with you. You didn't come out to Chance of USA. Yeah, yeah,

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<v Speaker 1>especially because she was such a weak candidate. Is that

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<v Speaker 1>just I'm reading it?

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<v Speaker 2>Is it's just an opportunity to express your anti Trump enthusiasm, particularly.

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<v Speaker 1>Given the fact that anti Trump enthusiasm is kind of

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<v Speaker 1>tied up in the whole Colbert Show is getting canceled

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<v Speaker 1>right right because the first chant was Steve n Steve N.

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<v Speaker 1>So I think it's all kind of wrapped up for

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<v Speaker 1>those people. Yeah, I don't know.

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<v Speaker 2>I thought that was an interesting political moment. She's not

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<v Speaker 2>only a losing candidate. She lost to a guy whose

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<v Speaker 2>negatives were higher than anybody who's ever won the presidency,

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<v Speaker 2>and she was horrible at it and thunderous applause.

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<v Speaker 1>In Chance of USA. I mean that is if they

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<v Speaker 1>keep sharing, folks, maybe you can get to Kamala and

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<v Speaker 1>Mamdani as the VP nominee that got the juices in

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<v Speaker 1>her brain?

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<v Speaker 2>Do you have juices in your brain that got the

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<v Speaker 2>juices in her brain that we're thinking should I run

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<v Speaker 2>for prison or not? Into full tilt mode? I guarantee

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<v Speaker 2>you look at this should I run? How is that

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<v Speaker 2>even a question? Look at these people right.

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<v Speaker 1>The people want me. I would be a bad American

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<v Speaker 1>if I did not become their leader, right, they're begging

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<v Speaker 1>me as will Okay, So there's that.

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<v Speaker 2>And who knows what's going to happen in twenty eight

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<v Speaker 2>because who knows what the issues will be. It's possible

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<v Speaker 2>that one of the biggest issues for the mid term

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<v Speaker 2>or the presidential election are going to be how great

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<v Speaker 2>the tariffs were or what a disaster the tariffs were,

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<v Speaker 2>depending on how this all turns out. But so Trump

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<v Speaker 2>last night announces I think it was sixty eight new tariffs.

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<v Speaker 2>He had this big board with sixty eight countries on

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<v Speaker 2>there and what their new tariffs are, including a thirty

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<v Speaker 2>five percent tariff on Canada that kicks in today, and

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<v Speaker 2>it was a big deal. So on MSNBC, I was

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<v Speaker 2>watching their late night show that's on at eleven o'clock

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<v Speaker 2>East coast eight o'clock in California, and you know, it's

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<v Speaker 2>all about Hayte and try Up all the time. And

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<v Speaker 2>Stephanie Rule, the host of that show, had a guest

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<v Speaker 2>on and she sets him up with this anti Trump question,

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<v Speaker 2>hoping they're all just going to get to do some

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<v Speaker 2>good Trump bashing and I thought the guy's answer was

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<v Speaker 2>pretty interesting.

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<v Speaker 5>Trump wants people to focus on the big new tariff freeze,

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<v Speaker 5>but the reality is he's just pushing the deadline again,

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<v Speaker 5>like has Taco Tuesday become Taco Thursday at the White House?

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<v Speaker 6>You know, Steph, I don't think so. I think these

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<v Speaker 6>are for real. I think tonight's a fairly historic night

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<v Speaker 6>where I think you can go back and when you

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<v Speaker 6>write the history, you'll say this is the night that

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<v Speaker 6>the global free trade era begun by the United States

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<v Speaker 6>and the post war era led by the United States

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<v Speaker 6>really came to an end. There is now, I think,

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<v Speaker 6>a permanent tariff curtain around this country.

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<v Speaker 2>I thought that was some pretty good analysis and there

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<v Speaker 2>should be more of that. Whether it's going to be

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<v Speaker 2>a good and he says, he goes on to say,

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<v Speaker 2>which is abnormally fair for HIMSNBC. He goes on to say,

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<v Speaker 2>whether this turns out to be a good thing for

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<v Speaker 2>the United States or not, you know, will be proven

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<v Speaker 2>over time. He didn't automatically say it was gonna be

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<v Speaker 2>a bad thing, but it's a giant deal.

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<v Speaker 1>The whole taco thing is a stupid narrative. New York

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<v Speaker 1>Times wrote that a week or so ago, I mentioned

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<v Speaker 1>that The New York Times said, Hey, I know the

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<v Speaker 1>taco joke is funny, but the reality is Trump has

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<v Speaker 1>done it. We live in a much different world of

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<v Speaker 1>tariffs now than before he came into office. It's real,

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<v Speaker 1>it's not. It's not.

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<v Speaker 2>He talked big and there and things didn't change. No,

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<v Speaker 2>things changed a lot, and we'll.

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<v Speaker 1>See how it turns out. Right. Yeah, and this story

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<v Speaker 1>doesn't really lend itself very well to hit and run,

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<v Speaker 1>you know, media of whatever sort and what you just

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<v Speaker 1>quoted the fellas saying kind of anticipate in one of

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<v Speaker 1>the points I was gonna make. I have some pretty

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<v Speaker 1>strong opinions about some aspects of this, but we won't

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<v Speaker 1>know until time passes. Well, hell, we don't even know

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<v Speaker 1>if the tariffs are going to be an acted stand

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<v Speaker 1>by for that. But if it were, if what Trump

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<v Speaker 1>is doing were one hundred percent right and wise and

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<v Speaker 1>patriotic and far seeing, there would be a period of

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<v Speaker 1>disruption and discomfort that we would have to get through

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<v Speaker 1>to get to that better result, which is one of

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<v Speaker 1>the reason modern democracies often don't solve their problems. I mean,

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<v Speaker 1>like our budgetary problems it's fairly obvious how we need

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<v Speaker 1>to do that, but we will never put up with

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<v Speaker 1>the difficult period that we need to go through to

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<v Speaker 1>fix it. And so I readily admit knee jerk analysis.

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<v Speaker 1>What Trump is doing is either going to be wrong

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<v Speaker 1>or it's just unfair. It's just dumb. Having said that,

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<v Speaker 1>and it is absolutely hilarious to me how little coverage

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<v Speaker 1>this is getting. The US Court of Appeals for the

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<v Speaker 1>Federal Circuit on Thursday yesterday heard oral arguments in a

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<v Speaker 1>challenge to the Worldwide Tariffs and the editorial board of

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<v Speaker 1>the Wall Street Journal's lead is, well, that was painful

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<v Speaker 1>for the Trump administration's lawyer. That is, judge after judge

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<v Speaker 1>doubted the administration's arguments. And so what you need to

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<v Speaker 1>know is the administration says the nineteen seventy seven International

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<v Speaker 1>Emergency Economic Powers Act also known as IEP or whatever

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<v Speaker 1>it is, grants the president's sweeping authority to impose tariffs,

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<v Speaker 1>and the judges seemed very very skeptical, which doesn't necessarily

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<v Speaker 1>prove anything. They'll put out a ruling then we don't

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<v Speaker 1>have to guess. But one of the judges right out

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<v Speaker 1>of the gate pointed out that no president has ever

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<v Speaker 1>used the emergency law to impose tariffs. And they got

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<v Speaker 1>into a discussion with the lawyers about, well, that's true,

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<v Speaker 1>but the law is written broadly to give the president

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<v Speaker 1>the right to use whatever tools he deems appropriate. The

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<v Speaker 1>judges weren't buying it. Why should we read tariffs into

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<v Speaker 1>that statue? Is the plane meaning of regulate and that

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<v Speaker 1>has to do with a verbage in the statute to

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<v Speaker 1>impose tariffs or taxes? And isn't the administration uppending the

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<v Speaker 1>entire tariff schedule that Congress enacted. Then you have to

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<v Speaker 1>get into Nixon's across the board ten percent tariffs in

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<v Speaker 1>nineteen seventy one. It would take too long to explain.

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<v Speaker 1>But they said, no, this is very different in a

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<v Speaker 1>number of different ways, and it ends up being whether

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<v Speaker 1>you like it or not. And it'll get to the

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<v Speaker 1>Supreme Court almost certainly unless they think the appeals Court

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<v Speaker 1>is right. And they say, no, we're not going to

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<v Speaker 1>take it because we think they're right. It's a great question.

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<v Speaker 1>Hang on a second. It's a great question about Congress

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<v Speaker 1>versus the executive branch and who gets to do what

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<v Speaker 1>and how to interpret broad statutes. And you remember us

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<v Speaker 1>on the libertarian conservative side, we're really happy. Last year

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<v Speaker 1>the High Court put out a ruling happened to be

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<v Speaker 1>called Low or Bright that says, no, judges don't automatically

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<v Speaker 1>defer to the administrative state the regulator's interpretations of vague laws.

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<v Speaker 1>You got to figure out what Congress meant, and remember

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<v Speaker 1>the Major Questions doctrine says Congress must give the president

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<v Speaker 1>express authority for actions with economic or political significance, otherwise

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<v Speaker 1>he's overstepping his bounds.

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<v Speaker 2>But you said it'll get to the Supreme Court. Is

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<v Speaker 2>that something they could rule on before October, like jump

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<v Speaker 2>in and you know, take off their summer shorts and

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<v Speaker 2>put on the robes and look at this because October

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<v Speaker 2>is a long way away.

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<v Speaker 1>Oh yeah, yeah, sure, yeah. They could do a couple

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<v Speaker 1>of things. They could announce immediately that they're not taking

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<v Speaker 1>the case after this the Appeals Court rules.

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<v Speaker 2>And which means it stands, and you're anticipating the Appeals

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<v Speaker 2>Court will rule that Trump can't do this.

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<v Speaker 1>I'm leaning that way with you know, just a moderate

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<v Speaker 1>level of confidence. Well, because you know, as you pointed

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<v Speaker 1>out earlier, you can try to leap to conclusions based

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<v Speaker 1>on the oral arguments, but it's a slippery thing to do.

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<v Speaker 2>Okay, I got a question about that, But first we

0:12:02.000 --> 0:12:04.360
<v Speaker 2>ought to tell you about simply Safe, which is a

0:12:04.360 --> 0:12:08.600
<v Speaker 2>good way to protect your home. School starts here. Pretty

0:12:08.600 --> 0:12:10.760
<v Speaker 2>soon you're going to be, you know, running around all

0:12:10.840 --> 0:12:12.800
<v Speaker 2>day long. You know most home break ins happen during

0:12:12.800 --> 0:12:15.640
<v Speaker 2>the day, they do. And you got your simply Safe

0:12:15.679 --> 0:12:17.880
<v Speaker 2>systems set up there like I do. With all the

0:12:17.920 --> 0:12:20.040
<v Speaker 2>sensors on the doors and the windows, and the cameras

0:12:20.040 --> 0:12:22.280
<v Speaker 2>and the live guard protection and AI involved in all

0:12:22.280 --> 0:12:23.960
<v Speaker 2>that sort of stuff, you're going to feel atle lot better.

0:12:24.960 --> 0:12:27.600
<v Speaker 1>And of course the alarm goes off after they've smashed

0:12:27.640 --> 0:12:28.040
<v Speaker 1>your window.

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<v Speaker 6>No.

0:12:28.440 --> 0:12:31.400
<v Speaker 1>With simply Safe, and this is the amazing part. The

0:12:31.440 --> 0:12:35.160
<v Speaker 1>AI powered cameras and live monitoring agents to tech suspicious

0:12:35.200 --> 0:12:38.680
<v Speaker 1>activity before the break and they can talk to the scumbags,

0:12:38.720 --> 0:12:42.440
<v Speaker 1>turn on your spotlights, call the cops before the crime occurs.

0:12:42.440 --> 0:12:45.280
<v Speaker 1>And all of this monitoring plans start around a dollar

0:12:45.280 --> 0:12:46.920
<v Speaker 1>a day, so it's a fraction of the price of

0:12:46.920 --> 0:12:49.680
<v Speaker 1>the crappy old systems that never worked. Right anyway, visit

0:12:49.720 --> 0:12:52.560
<v Speaker 1>simply safe dot com slash armstrong. You get fifty percent

0:12:52.640 --> 0:12:55.360
<v Speaker 1>off a new system with a professional monitoring plan. You

0:12:55.440 --> 0:12:58.080
<v Speaker 1>get your first month free. That's simply safe dot com

0:12:58.080 --> 0:13:01.719
<v Speaker 1>slash armstrong. Again, it's just around it, simply safe dot

0:13:01.720 --> 0:13:04.080
<v Speaker 1>com slash armstrong. Theer's no safe flights, simply safe.

0:13:04.240 --> 0:13:06.000
<v Speaker 2>We're out of time, and we'll have plenty of time

0:13:06.000 --> 0:13:09.000
<v Speaker 2>to talk about tariffs in the coming days, weeks, and months.

0:13:09.320 --> 0:13:12.360
<v Speaker 1>But just on a broad principle though, how many times

0:13:12.400 --> 0:13:16.560
<v Speaker 1>did we say during the Biden administration to Democrats, don't

0:13:16.600 --> 0:13:20.800
<v Speaker 1>you understand your president using these extraordinary wild powers to

0:13:20.840 --> 0:13:23.960
<v Speaker 1>do things that are probably not the executives to do.

0:13:23.960 --> 0:13:26.400
<v Speaker 1>Don't you understand the other side of be in power

0:13:26.440 --> 0:13:31.360
<v Speaker 1>at some point and how unwise you're being? Well, I

0:13:31.400 --> 0:13:34.160
<v Speaker 1>am consistent. If nothing else, same thing applies.

0:13:34.240 --> 0:13:34.400
<v Speaker 7>Well.

0:13:34.400 --> 0:13:36.560
<v Speaker 2>My question was going to be Trump has been talking

0:13:36.600 --> 0:13:39.800
<v Speaker 2>about wanting to do tariffs his whole life. Was he

0:13:39.800 --> 0:13:43.520
<v Speaker 2>always planning on using this emergency Act? Or how was

0:13:43.520 --> 0:13:44.640
<v Speaker 2>he planning on doing it?

0:13:45.360 --> 0:13:45.760
<v Speaker 1>I don't know.

0:13:46.640 --> 0:13:49.480
<v Speaker 2>Huh, I haven't heard that question answered. Are you familiar

0:13:49.480 --> 0:13:55.520
<v Speaker 2>with the Oho network? The eighth tier sports network. It's

0:13:55.520 --> 0:13:57.880
<v Speaker 2>a thing and it's kind of funny, among other things.

0:13:57.960 --> 0:13:58.840
<v Speaker 2>All the way, stay here.

0:14:00.360 --> 0:14:00.640
<v Speaker 7>Strong.

0:14:02.720 --> 0:14:05.360
<v Speaker 5>The Presidential Fitness test is back now.

0:14:05.400 --> 0:14:07.960
<v Speaker 3>Trump says he wants to be sure America's future generations

0:14:08.000 --> 0:14:10.120
<v Speaker 3>are strong, healthy, and successful.

0:14:10.520 --> 0:14:11.920
<v Speaker 1>At least I think that's what he said. He was

0:14:12.000 --> 0:14:16.240
<v Speaker 1>knowing on a KFC twelve piece at the time, the

0:14:16.280 --> 0:14:17.640
<v Speaker 1>Presidential Fitness Test.

0:14:17.800 --> 0:14:21.200
<v Speaker 2>If you're old enough to remember doing that, he had

0:14:21.240 --> 0:14:23.520
<v Speaker 2>some pretty high standards. Either you're going to be a

0:14:23.600 --> 0:14:26.160
<v Speaker 2>Navy seal or you're gonna you know, not pass. I

0:14:26.200 --> 0:14:27.160
<v Speaker 2>guess those are your sale.

0:14:27.280 --> 0:14:30.840
<v Speaker 1>That's right, Yeah, mushmallow, get out of my sight, said

0:14:30.880 --> 0:14:31.600
<v Speaker 1>my Jim teacher.

0:14:31.680 --> 0:14:34.000
<v Speaker 2>Coming up, we need to talk about this. I don't

0:14:34.000 --> 0:14:36.080
<v Speaker 2>know if you're tired of AI talk or not. I'm

0:14:36.120 --> 0:14:40.320
<v Speaker 2>definitely not. It is now officially much bigger than the

0:14:40.360 --> 0:14:43.440
<v Speaker 2>dot com boom of the nineties was in terms of

0:14:44.120 --> 0:14:46.280
<v Speaker 2>the way it has taken over the stock market. And

0:14:46.320 --> 0:14:49.200
<v Speaker 2>people talk about the dot com boom still because it

0:14:49.320 --> 0:14:53.320
<v Speaker 2>was such a disruptive force. But AI's significantly bigger than that.

0:14:54.160 --> 0:14:57.760
<v Speaker 2>VIDIA is worth more than it's got more than the

0:14:57.800 --> 0:15:00.320
<v Speaker 2>GDP of like every country on Earth's like but three

0:15:00.480 --> 0:15:04.640
<v Speaker 2>or something. Anyway, more amazing stats about that coming up.

0:15:04.920 --> 0:15:06.960
<v Speaker 2>Are you familiar with the OCHO? It started with it

0:15:07.120 --> 0:15:10.360
<v Speaker 2>as a joke. There was the movie dodge Ball that

0:15:10.440 --> 0:15:13.440
<v Speaker 2>was quite hilarious. And in the movie Dodgeball, it aired

0:15:13.480 --> 0:15:16.520
<v Speaker 2>on the OCHO Network. So it became a thing where

0:15:16.760 --> 0:15:21.600
<v Speaker 2>ESPN would talk about the OHO for like really third

0:15:21.680 --> 0:15:24.320
<v Speaker 2>tier sports, and then they started doing it, and now

0:15:24.320 --> 0:15:25.760
<v Speaker 2>this will be the ninth year in a row where

0:15:25.760 --> 0:15:28.120
<v Speaker 2>they have they set aside, I think three days of

0:15:28.240 --> 0:15:31.680
<v Speaker 2>programming on the O Show for all these sports that

0:15:31.920 --> 0:15:34.640
<v Speaker 2>you know aren't aren't really sports that I mean. They've

0:15:34.680 --> 0:15:37.520
<v Speaker 2>got everything from paintball, which is kind.

0:15:37.320 --> 0:15:41.080
<v Speaker 1>Of a sport. There's somebody I've had some great times

0:15:41.080 --> 0:15:41.800
<v Speaker 1>playing paintball.

0:15:42.400 --> 0:15:44.320
<v Speaker 8>I was gonna ask if you guys, have you ever

0:15:44.360 --> 0:15:45.360
<v Speaker 8>been shot with one of those.

0:15:45.440 --> 0:15:47.720
<v Speaker 2>I've never done paper and over again, which is surprising

0:15:47.800 --> 0:15:49.400
<v Speaker 2>you have, Joe, I've never done paintball.

0:15:49.840 --> 0:15:52.360
<v Speaker 1>Oh yeah, you remember. I used to do it with

0:15:52.400 --> 0:15:56.480
<v Speaker 1>my son in sun River, Oregon out in the woods. Uh,

0:15:56.840 --> 0:16:00.960
<v Speaker 1>just a big wooded field of play, Katie. It was fin. So.

0:16:01.200 --> 0:16:03.320
<v Speaker 8>I grew up in a canyon, and so all the

0:16:03.360 --> 0:16:06.440
<v Speaker 8>guys that lived near us in our housing community, we

0:16:06.480 --> 0:16:08.680
<v Speaker 8>would go into the canyon and we'd hide behind the trees.

0:16:08.800 --> 0:16:11.680
<v Speaker 1>Oh soh of last, go paintballing.

0:16:13.240 --> 0:16:16.640
<v Speaker 2>Yeah, my son's super into it. Uh, but they have

0:16:16.680 --> 0:16:17.040
<v Speaker 2>all kinds.

0:16:17.080 --> 0:16:17.920
<v Speaker 1>How much time I got.

0:16:19.440 --> 0:16:21.760
<v Speaker 2>I don't know what the slippery stairs competition is, but

0:16:21.760 --> 0:16:23.240
<v Speaker 2>that sounds like something I would like to watch.

0:16:23.320 --> 0:16:27.280
<v Speaker 8>Oh, they put soap on inflatable stairs and you have

0:16:27.320 --> 0:16:28.280
<v Speaker 8>to try to awesome.

0:16:28.440 --> 0:16:32.200
<v Speaker 1>What is extreme archery? Yikes?

0:16:33.440 --> 0:16:36.680
<v Speaker 2>They do for the kids. They do, of course, have dodgeball.

0:16:37.200 --> 0:16:41.040
<v Speaker 2>They have a pillow fight competition. They have a mullet competition.

0:16:41.200 --> 0:16:44.120
<v Speaker 2>I don't know how that's a sport. They have diving chests.

0:16:44.240 --> 0:16:45.920
<v Speaker 2>You have to dive down deep into the water the

0:16:46.000 --> 0:16:48.440
<v Speaker 2>chessboards on the bottom, move your piece, then come back.

0:16:48.320 --> 0:16:50.400
<v Speaker 1>Up for air. Among other things.

0:16:50.840 --> 0:16:55.840
<v Speaker 2>Wow, robot fighting, yes, the foot golf you only use

0:16:55.880 --> 0:16:57.880
<v Speaker 2>your feet.

0:16:58.360 --> 0:17:01.560
<v Speaker 1>Wow. Uh.

0:17:01.920 --> 0:17:05.520
<v Speaker 2>There's a million of bike polo, world action and knife

0:17:05.560 --> 0:17:08.000
<v Speaker 2>throwing that sounds good. I don't know what banana ball is,

0:17:08.040 --> 0:17:10.600
<v Speaker 2>coffin wars. Don't know what that is either, tire wrestling

0:17:10.640 --> 0:17:14.159
<v Speaker 2>that sounds good, big boy soap hockey.

0:17:14.280 --> 0:17:15.399
<v Speaker 1>I don't know what that is.

0:17:16.160 --> 0:17:20.640
<v Speaker 2>Tire wrestling, uh huh, but that's on the OCHO. Look

0:17:20.680 --> 0:17:22.520
<v Speaker 2>for that over the next several days. Sounds like this

0:17:22.600 --> 0:17:24.200
<v Speaker 2>sort of thing. If you sat there drunk, you could

0:17:24.240 --> 0:17:25.320
<v Speaker 2>have a really, really good time.

0:17:26.840 --> 0:17:32.040
<v Speaker 1>Well belated Happy birthday too, medicare celebrating it's what was it,

0:17:32.080 --> 0:17:36.400
<v Speaker 1>fiftieth birthday yesterday? Jack sixty seventh, sixtieth sixtieth, Yes.

0:17:36.960 --> 0:17:41.520
<v Speaker 2>Lindon Mains Johnson signed Medicare and Medicaid into law sixty

0:17:41.600 --> 0:17:43.760
<v Speaker 2>years ago this week. It has cost us many, many

0:17:43.760 --> 0:17:46.120
<v Speaker 2>trillions of dollars and not sure it's done anybody any

0:17:46.119 --> 0:17:46.600
<v Speaker 2>good at all?

0:17:46.600 --> 0:17:47.040
<v Speaker 1>How do you like?

0:17:47.119 --> 0:17:47.199
<v Speaker 9>That?

0:17:48.160 --> 0:17:50.560
<v Speaker 1>Reminds me of the old Internet meme, how it started,

0:17:50.720 --> 0:17:53.960
<v Speaker 1>how it's going. Yeah, and we'll talk to Craig the

0:17:54.119 --> 0:17:58.719
<v Speaker 1>healthcare guru about that next, among other fair shouldn't you

0:17:58.760 --> 0:18:02.880
<v Speaker 1>for all those trillions of dollars have amazing successful results

0:18:03.080 --> 0:18:07.320
<v Speaker 1>or at least some successful results for tens of trillions

0:18:07.320 --> 0:18:10.720
<v Speaker 1>of dollars. Are you asking about a government program or

0:18:10.840 --> 0:18:13.679
<v Speaker 1>like anything else on earth? And nobody program different stand,

0:18:13.680 --> 0:18:17.760
<v Speaker 1>nobody's talking about it anyway. We will coming up Armstrong

0:18:17.840 --> 0:18:18.399
<v Speaker 1>and Getty.

0:18:19.760 --> 0:18:22.399
<v Speaker 2>We're about to have our healthcare experts. Craig gotwalls on.

0:18:22.520 --> 0:18:24.760
<v Speaker 2>I'll bet he could do this so on the OCHO network.

0:18:24.840 --> 0:18:26.920
<v Speaker 2>One of the sports that they have on the OCHO

0:18:27.040 --> 0:18:31.400
<v Speaker 2>this weekend, the Microsoft Excel World Championship Finals. I'll bet

0:18:31.400 --> 0:18:34.000
<v Speaker 2>Craig would be good at that. Just wow, sort of

0:18:34.000 --> 0:18:39.440
<v Speaker 2>person that excels at excel. So we're talking about Medicare

0:18:39.440 --> 0:18:43.200
<v Speaker 2>and Medicaid. It's the sixty year anniversary of it being

0:18:43.240 --> 0:18:46.960
<v Speaker 2>signed into law. Listen to this stat will you? And

0:18:46.960 --> 0:18:48.960
<v Speaker 2>the Wall Street Journal was writing about this the other day.

0:18:49.000 --> 0:18:50.760
<v Speaker 2>It's why we decided to have Craig on, because he's

0:18:50.760 --> 0:18:54.000
<v Speaker 2>an expert in this. We have spent in this country.

0:18:53.960 --> 0:18:57.160
<v Speaker 4>Forty five trillion.

0:18:56.800 --> 0:19:02.399
<v Speaker 1>Dollars since nineteen sixty five on these two with out

0:19:02.720 --> 0:19:07.240
<v Speaker 1>evidence of effectiveness, without any evidence that it's done anybody

0:19:07.320 --> 0:19:12.119
<v Speaker 1>any good. Forty five trillion dollars. And to prepare for

0:19:12.200 --> 0:19:15.200
<v Speaker 1>the chat, I've been flipping through every headline I can

0:19:15.240 --> 0:19:18.720
<v Speaker 1>find over the last several days about Medicare and Medicaid

0:19:18.760 --> 0:19:23.040
<v Speaker 1>turning sixty and they are either glowingly positive yep. Or

0:19:23.119 --> 0:19:26.359
<v Speaker 1>they talk about the savage, brutal, inhumane cuts that the

0:19:26.440 --> 0:19:29.520
<v Speaker 1>big beautiful Bill is going to enact for every single

0:19:29.560 --> 0:19:32.879
<v Speaker 1>one that came up in my gig gig Google search,

0:19:33.400 --> 0:19:36.040
<v Speaker 1>so to discuss that in other fair, please welcome to

0:19:36.080 --> 0:19:38.160
<v Speaker 1>the Armstrong and Getty Show once again. Craig got Walls.

0:19:38.200 --> 0:19:42.879
<v Speaker 1>Craig the healthcare guru attorney, law benefit consultant, Benefit Revolution. Craig,

0:19:42.920 --> 0:19:43.520
<v Speaker 1>how are you, sir?

0:19:44.800 --> 0:19:45.600
<v Speaker 7>I'm good, gentlemen.

0:19:45.600 --> 0:19:49.200
<v Speaker 1>How are you a Paul? Just terrific? Well, he's a Paul.

0:19:49.240 --> 0:19:52.680
<v Speaker 1>I'm terrific. So back to the internet meme. How did

0:19:52.720 --> 0:19:55.520
<v Speaker 1>it begin or how did it start? How's it going?

0:19:55.600 --> 0:19:56.960
<v Speaker 1>What was the idea in the first place?

0:19:58.080 --> 0:20:01.639
<v Speaker 7>Yeah, so, well, if you just medicaid, which is the

0:20:02.040 --> 0:20:05.640
<v Speaker 7>element that was designed to cover the lowest income amongst us,

0:20:05.640 --> 0:20:08.320
<v Speaker 7>those that were the most downtrodden, that needed the most help,

0:20:09.240 --> 0:20:13.679
<v Speaker 7>that was designed to cover two percent of the American population.

0:20:14.000 --> 0:20:15.720
<v Speaker 7>You can go back to the congressional record and you

0:20:15.760 --> 0:20:18.040
<v Speaker 7>can see it clearly written. This is this is just

0:20:18.080 --> 0:20:20.520
<v Speaker 7>a safety net, folks. This is what we this is

0:20:20.520 --> 0:20:22.320
<v Speaker 7>what we have to do at the bare minimum to

0:20:22.400 --> 0:20:26.440
<v Speaker 7>cover the most downtrodden amongst us. Well, it now covers

0:20:26.680 --> 0:20:28.879
<v Speaker 7>four out of ten babies born.

0:20:30.480 --> 0:20:33.720
<v Speaker 1>Well, that's because the standard of living is declined so

0:20:33.840 --> 0:20:36.360
<v Speaker 1>much in the last fifty years. Oh no, it's actually

0:20:36.440 --> 0:20:37.800
<v Speaker 1>quite the opposite. Go on, Craig.

0:20:37.880 --> 0:20:42.440
<v Speaker 7>Sorry, well, yeah, and that's just medicaid. When you combine

0:20:42.480 --> 0:20:47.919
<v Speaker 7>Medicare and Medicaid together, you'll see waste fraud and abuse

0:20:47.960 --> 0:20:50.920
<v Speaker 7>studies that range from twenty five to thirty five percent

0:20:51.040 --> 0:20:52.880
<v Speaker 7>across the board within those systems.

0:20:53.040 --> 0:20:55.159
<v Speaker 2>Yeah, that's another thing is from the one article that

0:20:55.440 --> 0:20:57.480
<v Speaker 2>maybe a third of it we're spending about a trillion

0:20:57.520 --> 0:20:58.439
<v Speaker 2>dollars year, about a.

0:20:58.400 --> 0:20:59.160
<v Speaker 1>Third of it is waste.

0:20:59.280 --> 0:21:00.679
<v Speaker 2>I don't want to now you put you on the

0:21:00.680 --> 0:21:02.800
<v Speaker 2>spot because you're not a historian. But like backing up

0:21:02.840 --> 0:21:07.960
<v Speaker 2>even another step, what brought about the legislation that LBJ

0:21:08.119 --> 0:21:10.040
<v Speaker 2>signed in the law sixty years ago this week? There

0:21:10.080 --> 0:21:13.760
<v Speaker 2>was there a real feeling in this country that you know,

0:21:14.000 --> 0:21:16.760
<v Speaker 2>people weren't getting medical care and falling through the cracks or.

0:21:16.680 --> 0:21:17.399
<v Speaker 1>What drove it?

0:21:18.600 --> 0:21:21.600
<v Speaker 7>No, honestly, Jack, it's a perversion of the tax code.

0:21:21.680 --> 0:21:25.560
<v Speaker 7>So you know, like third party insurance started in the

0:21:25.560 --> 0:21:28.400
<v Speaker 7>twenties and thirties. You know, you'd have a little policy

0:21:28.400 --> 0:21:31.040
<v Speaker 7>that you bought just for hospital services. But then what

0:21:31.160 --> 0:21:34.719
<v Speaker 7>happened in World War Two was we put wage freezes on,

0:21:35.520 --> 0:21:39.600
<v Speaker 7>but companies still looked for ways to recruit employees. So

0:21:39.640 --> 0:21:42.000
<v Speaker 7>they couldn't do it with wages, so they started to

0:21:42.040 --> 0:21:46.000
<v Speaker 7>do it with healthcare. Oh interesting, and the government said,

0:21:46.040 --> 0:21:48.480
<v Speaker 7>you know what, that's a good idea. We like you

0:21:48.600 --> 0:21:51.040
<v Speaker 7>buying health care for your workers. So we're not going

0:21:51.080 --> 0:21:54.440
<v Speaker 7>to tax you on anything you buy healthcare wise, well,

0:21:54.680 --> 0:21:56.879
<v Speaker 7>just like everything else, right, just like with with our

0:21:56.920 --> 0:22:00.400
<v Speaker 7>college tuition. Once you have this tremendous tax break going on,

0:22:01.000 --> 0:22:03.399
<v Speaker 7>this thing just blew up. From about nineteen forty through

0:22:03.480 --> 0:22:07.200
<v Speaker 7>nineteen sixty, it just took off, and then the government

0:22:07.240 --> 0:22:09.640
<v Speaker 7>expansion of it was just the next logical step. You've

0:22:09.640 --> 0:22:12.960
<v Speaker 7>got crony capitalism going on, let's get the government involved too.

0:22:13.000 --> 0:22:16.080
<v Speaker 7>And to the point now where you know it's it's

0:22:16.280 --> 0:22:19.399
<v Speaker 7>literally to the point in blue states where taxpayers fund

0:22:19.480 --> 0:22:23.200
<v Speaker 7>seventy one percent of all healthcare, and in the country

0:22:23.400 --> 0:22:25.840
<v Speaker 7>nationally it's sixty seven percent of all health care.

0:22:27.000 --> 0:22:30.159
<v Speaker 1>Wow, we don't want socialized medicine, everybody says, yeah, we

0:22:30.560 --> 0:22:31.760
<v Speaker 1>have it to a large extent.

0:22:32.000 --> 0:22:34.720
<v Speaker 2>Well, So the headline I've been quoting all week long

0:22:34.720 --> 0:22:36.920
<v Speaker 2>from the Wall Street General opinion piece that we've spent

0:22:37.040 --> 0:22:40.600
<v Speaker 2>forty five trillion dollars without substantial evidence of effectiveness?

0:22:40.720 --> 0:22:42.679
<v Speaker 1>Is that overstated or does that sound about right to you?

0:22:44.240 --> 0:22:46.800
<v Speaker 7>It's close to right. I think it's a little overstated.

0:22:46.880 --> 0:22:49.040
<v Speaker 7>I think the number is closer to thirty trillion, But

0:22:49.119 --> 0:22:53.560
<v Speaker 7>I mean, you know who's counting at the point that that, yeah,

0:22:53.600 --> 0:22:56.280
<v Speaker 7>it's you know what. The one that you'd run into

0:22:56.400 --> 0:23:00.280
<v Speaker 7>pushback out here in the industry is with Medicare. So

0:23:00.400 --> 0:23:04.600
<v Speaker 7>if you tried to peel Medicare back, you'd have I mean,

0:23:04.800 --> 0:23:07.679
<v Speaker 7>just you know, right left and center, you'd have just

0:23:07.720 --> 0:23:10.439
<v Speaker 7>absolute mutiny on your hands of the oldsters saying I

0:23:10.560 --> 0:23:12.280
<v Speaker 7>paid into it for all these years. You can't peel

0:23:12.280 --> 0:23:14.960
<v Speaker 7>it back. And I will say that when you look

0:23:15.000 --> 0:23:18.240
<v Speaker 7>at the studies on the efficacy of the programs, it's

0:23:18.320 --> 0:23:22.000
<v Speaker 7>pretty clear that Medicaid isn't able to show that it

0:23:22.080 --> 0:23:25.760
<v Speaker 7>causes any better health outcomes. And part of that's because

0:23:25.760 --> 0:23:28.080
<v Speaker 7>of lifestyle of people that are on Medicaid, the longer

0:23:28.119 --> 0:23:31.360
<v Speaker 7>wait times, et cetera. But Medicare it's a much more

0:23:31.400 --> 0:23:34.240
<v Speaker 7>mixed record where you know, there might actually be some

0:23:34.760 --> 0:23:35.879
<v Speaker 7>benefit to Medicare.

0:23:36.080 --> 0:23:41.160
<v Speaker 2>But listen to what you just said, there might be

0:23:41.240 --> 0:23:44.760
<v Speaker 2>some benefit. We're spending a trillion dollars a year on

0:23:44.800 --> 0:23:47.320
<v Speaker 2>these programs, and the best you can do is say

0:23:47.359 --> 0:23:48.720
<v Speaker 2>there might be some benefit.

0:23:49.280 --> 0:23:52.040
<v Speaker 7>Well, cobbling them both together, Jack, it's like one one

0:23:52.080 --> 0:23:53.919
<v Speaker 7>and three quarter trillion a year when you act them

0:23:53.920 --> 0:23:57.919
<v Speaker 7>all together. But yes, so because if you were to

0:23:58.080 --> 0:24:01.000
<v Speaker 7>fund your own health care outside of Medicare, if you

0:24:01.040 --> 0:24:04.320
<v Speaker 7>were to completely be a free market system where you

0:24:04.320 --> 0:24:06.400
<v Speaker 7>had a relationship with a doctor and you funded your own,

0:24:06.480 --> 0:24:09.200
<v Speaker 7>I think it's really clear that your outcomes would be better,

0:24:09.240 --> 0:24:10.960
<v Speaker 7>you'd be more invested in it, you'd have a better

0:24:11.000 --> 0:24:14.760
<v Speaker 7>a more personal relationship. So that now if you were

0:24:14.800 --> 0:24:17.240
<v Speaker 7>to say, well, it's either Medicare or nothing. Either I'm

0:24:17.240 --> 0:24:19.200
<v Speaker 7>going to have a Medicare doctor, I'm going to have nothing, well,

0:24:19.200 --> 0:24:21.280
<v Speaker 7>then it's also it's pretty clear that Medicare is better

0:24:21.320 --> 0:24:24.760
<v Speaker 7>than nothing. But surely that's a tough choice, you see.

0:24:26.240 --> 0:24:28.639
<v Speaker 1>So one of the most interesting things we've learned from

0:24:28.680 --> 0:24:31.879
<v Speaker 1>you through the year's Craig, Oh, before I get to that,

0:24:33.080 --> 0:24:35.880
<v Speaker 1>it is true, is it not that there are now healthy,

0:24:36.200 --> 0:24:42.000
<v Speaker 1>working age single men on Medicaid?

0:24:42.200 --> 0:24:44.320
<v Speaker 7>Yes, And then that was yeah. I wanted to circle

0:24:44.359 --> 0:24:46.359
<v Speaker 7>back to that in your intro because you know, the

0:24:46.680 --> 0:24:50.040
<v Speaker 7>one big beautiful bill that the draconian requirement is that

0:24:50.440 --> 0:24:54.160
<v Speaker 7>you now have to either volunteer or take a class

0:24:54.200 --> 0:24:58.199
<v Speaker 7>for at least eighty hours a month to remain on Medicaid.

0:24:57.800 --> 0:25:01.400
<v Speaker 7>That's this horrible draconian requirement we put in for able

0:25:01.480 --> 0:25:03.439
<v Speaker 7>bodied humans.

0:25:02.920 --> 0:25:05.439
<v Speaker 2>Right, which I understand is pretty easy to game. You know,

0:25:05.520 --> 0:25:08.200
<v Speaker 2>you have a friend or something that signed some paperwork

0:25:08.240 --> 0:25:09.640
<v Speaker 2>that claims you volunteer.

0:25:10.280 --> 0:25:12.840
<v Speaker 7>And so of course I was teaching a class at

0:25:12.840 --> 0:25:16.160
<v Speaker 7>a university during the pandemic, and we had something similar

0:25:16.200 --> 0:25:19.400
<v Speaker 7>that came through the pandemic where if you took a class,

0:25:19.640 --> 0:25:23.439
<v Speaker 7>you got an extra amount of unemployment effectively, and the

0:25:23.520 --> 0:25:26.480
<v Speaker 7>class quadrupled in size from what it normally was, and

0:25:26.520 --> 0:25:28.800
<v Speaker 7>you just had people sitting there, not even doing the work,

0:25:28.920 --> 0:25:30.800
<v Speaker 7>so they could just check the box that they attended

0:25:30.800 --> 0:25:32.640
<v Speaker 7>and get there and get their gum and cheese.

0:25:32.880 --> 0:25:36.000
<v Speaker 2>Yeah, it's like when I was trying to hire babysitters

0:25:36.000 --> 0:25:38.320
<v Speaker 2>through one of the most popular websites in the country

0:25:38.720 --> 0:25:42.080
<v Speaker 2>and nobody would ever like respond, and somebody finally told me, no, no,

0:25:42.200 --> 0:25:44.600
<v Speaker 2>that's just so they can fill out their paperwork showing

0:25:44.640 --> 0:25:46.800
<v Speaker 2>they're looking for a job that qualifies you for variety

0:25:46.800 --> 0:25:47.080
<v Speaker 2>of things.

0:25:47.119 --> 0:25:48.080
<v Speaker 1>They don't want the job.

0:25:49.119 --> 0:25:49.359
<v Speaker 4>Right.

0:25:49.440 --> 0:25:52.120
<v Speaker 7>I with a number of client employers in the same

0:25:52.160 --> 0:25:54.879
<v Speaker 7>situation where you just I've literally walked into one of

0:25:54.920 --> 0:25:58.320
<v Speaker 7>my clients in a rural county and there's people standard

0:25:59.040 --> 0:26:02.560
<v Speaker 7>charge get their app pajamas.

0:26:03.040 --> 0:26:04.880
<v Speaker 1>Yeah, can you repeat that? You glitched out?

0:26:05.920 --> 0:26:07.960
<v Speaker 7>Oh, I'm sorry. I was one of my clients in

0:26:08.000 --> 0:26:10.120
<v Speaker 7>a rural county that they get a lot of applicants,

0:26:10.119 --> 0:26:12.280
<v Speaker 7>they have a lot of turnover. I showed up there

0:26:12.320 --> 0:26:14.080
<v Speaker 7>one day and there's all these there's all these employe

0:26:14.280 --> 0:26:17.080
<v Speaker 7>potential employees lined up to get their application of HR

0:26:17.320 --> 0:26:20.159
<v Speaker 7>and some of them are literally standing there in their pajamas.

0:26:20.200 --> 0:26:21.800
<v Speaker 7>They don't want the job, they just want to check

0:26:21.800 --> 0:26:22.200
<v Speaker 7>the box.

0:26:22.280 --> 0:26:26.920
<v Speaker 1>God dang it. That's the problem with socialism. People find workarounds, right,

0:26:27.000 --> 0:26:30.600
<v Speaker 1>Which brings me to my greater question, back to one

0:26:30.600 --> 0:26:32.920
<v Speaker 1>of the most interesting things we've learned from you, Craig,

0:26:33.320 --> 0:26:35.879
<v Speaker 1>and and it go. It has to do with the

0:26:36.040 --> 0:26:39.520
<v Speaker 1>utterly bizarre, complex and perverse way a lot of this

0:26:39.560 --> 0:26:42.960
<v Speaker 1>stuff is funded. And I know a lot of those healthy,

0:26:43.280 --> 0:26:46.040
<v Speaker 1>you know, working age males on medicator on it because

0:26:46.040 --> 0:26:50.840
<v Speaker 1>of the perverse incentives enacted during Obamacare, and god, you

0:26:50.880 --> 0:26:53.439
<v Speaker 1>get to the provider taxes and hospital taxes. It's probably

0:26:53.440 --> 0:26:55.280
<v Speaker 1>too much for what we're going to do here today,

0:26:55.520 --> 0:27:01.159
<v Speaker 1>but the compensation rates for doctors and hospitals for for Medicaid,

0:27:01.320 --> 0:27:04.800
<v Speaker 1>for instance, is a fraction of the cost. How does

0:27:04.840 --> 0:27:05.280
<v Speaker 1>that work?

0:27:06.840 --> 0:27:10.520
<v Speaker 7>Yeah, it's gotten so complicated now, Joe, And that's right. Like,

0:27:10.560 --> 0:27:15.960
<v Speaker 7>on average, a physician or a hospital is reimbursed less

0:27:15.960 --> 0:27:18.640
<v Speaker 7>than their cost, something like eighty percent of their actual

0:27:18.720 --> 0:27:22.919
<v Speaker 7>rock cost just to provide surgeries and facilities. So then

0:27:22.960 --> 0:27:27.479
<v Speaker 7>what happens is there's additional taxes built into the system,

0:27:27.560 --> 0:27:31.480
<v Speaker 7>primarily on employer sponsored plans that get funneled back to

0:27:31.560 --> 0:27:34.359
<v Speaker 7>the hospitals on the back end to make sure that

0:27:34.400 --> 0:27:38.240
<v Speaker 7>they're made whole. Well, of course, this is nothing more

0:27:38.240 --> 0:27:41.000
<v Speaker 7>than a hidden tax on our employer plans, such that

0:27:41.040 --> 0:27:44.159
<v Speaker 7>we're paying three hundred percent of what Medicare pays for

0:27:44.240 --> 0:27:47.840
<v Speaker 7>certain services because of the fact that Medicaid pays like

0:27:48.440 --> 0:27:52.000
<v Speaker 7>eighty percent of what Medicare pays for certain services.

0:27:52.080 --> 0:27:55.760
<v Speaker 1>Which enables Congress to get away with not using honest

0:27:55.880 --> 0:28:01.120
<v Speaker 1>numbers to fund the programs. They stick it to everybody

0:28:01.119 --> 0:28:04.280
<v Speaker 1>with private insurance. And I would I would guess fewer

0:28:04.320 --> 0:28:09.040
<v Speaker 1>than ten percent of Americans understand that that is going on, Dahl.

0:28:09.160 --> 0:28:12.760
<v Speaker 7>I probably even fewer than that. It's such a it

0:28:12.800 --> 0:28:15.160
<v Speaker 7>took me years in the industry to even figure it out,

0:28:15.200 --> 0:28:17.840
<v Speaker 7>to follow the money around to all the different convoluted stops.

0:28:17.840 --> 0:28:20.520
<v Speaker 7>It makes just to see that that's what's actually happening.

0:28:22.560 --> 0:28:26.400
<v Speaker 1>Yeah, there's no way ten percent of people understand that. Yeah, yeah,

0:28:26.400 --> 0:28:31.280
<v Speaker 1>it's unbelievable. Gotline. Yeah, go ahead, Craig.

0:28:31.359 --> 0:28:32.920
<v Speaker 7>I was gonna say, just because they keep in mind

0:28:33.000 --> 0:28:37.439
<v Speaker 7>twenty nine percent of us have private healthcare are that

0:28:37.520 --> 0:28:41.160
<v Speaker 7>are greatly funding these underpayments and this system on the

0:28:41.200 --> 0:28:41.640
<v Speaker 7>back end.

0:28:41.840 --> 0:28:42.960
<v Speaker 1>I think it's damned interesting.

0:28:43.920 --> 0:28:46.280
<v Speaker 2>Yeah that Joe did a little search on the news stories,

0:28:46.280 --> 0:28:48.560
<v Speaker 2>and of course every stories I've seen is like this too.

0:28:48.600 --> 0:28:51.800
<v Speaker 2>It's either a glowing isn't it fantastic that this happened?

0:28:51.880 --> 0:28:52.520
<v Speaker 1>Or neutral.

0:28:52.720 --> 0:28:56.040
<v Speaker 2>But there's certainly outside of that Wall Street Journal opinion

0:28:56.080 --> 0:28:58.960
<v Speaker 2>piece that I came across, anybody pointing out this has

0:28:59.000 --> 0:29:01.240
<v Speaker 2>cost us a lot of money for very little good.

0:29:02.880 --> 0:29:05.760
<v Speaker 7>Yeah, No, that's right. And it it just it just

0:29:05.800 --> 0:29:07.479
<v Speaker 7>goes to show once you get something away, you can

0:29:07.520 --> 0:29:10.000
<v Speaker 7>never peel it back. Because even in even in my industry,

0:29:10.040 --> 0:29:11.760
<v Speaker 7>I've had I've had coworkers that have been in this

0:29:11.800 --> 0:29:15.040
<v Speaker 7>industry for years asked me, Hey, what's this? What are

0:29:15.080 --> 0:29:18.120
<v Speaker 7>these terrible draconian cuts gonna do with Medicaid? What's that?

0:29:21.120 --> 0:29:24.120
<v Speaker 1>Anything, he's gone. You got tired of us? So and

0:29:24.160 --> 0:29:28.120
<v Speaker 1>who can blame him? So? Uh, Craig is available. He's

0:29:28.280 --> 0:29:31.720
<v Speaker 1>actually doing some amazing stuff on uh for companies and

0:29:31.760 --> 0:29:34.640
<v Speaker 1>individuals to design their own health plan and not pay

0:29:34.760 --> 0:29:35.680
<v Speaker 1>insurance companies.

0:29:36.040 --> 0:29:36.200
<v Speaker 7>Uh.

0:29:36.240 --> 0:29:38.320
<v Speaker 1>We'll have a link at Armstrong and getty dot com

0:29:38.320 --> 0:29:42.680
<v Speaker 1>to Craig's substack. Again, that's Armstrong and getty dot com

0:29:42.760 --> 0:29:43.720
<v Speaker 1>under hotlinks and.

0:29:45.880 --> 0:29:48.400
<v Speaker 2>A frustrating note that seems to be weaving its way

0:29:48.440 --> 0:29:50.000
<v Speaker 2>through our Friday show, which is not good.

0:29:50.000 --> 0:29:51.640
<v Speaker 1>You shouldn't be frustrated on Friday.

0:29:51.800 --> 0:29:55.320
<v Speaker 2>But here is the biggest driver of our debt that

0:29:55.360 --> 0:29:59.480
<v Speaker 2>we've got in all of government, your Medicare Medicaid thing.

0:30:00.200 --> 0:30:03.800
<v Speaker 2>And it's a sixty anniversary and you can't get a

0:30:03.880 --> 0:30:07.600
<v Speaker 2>debate going over how good is it or how good

0:30:07.640 --> 0:30:10.240
<v Speaker 2>is it not? Or could it be improved or tweaked?

0:30:10.320 --> 0:30:11.160
<v Speaker 2>Or is it a disaster?

0:30:12.040 --> 0:30:15.040
<v Speaker 1>No, none of that, no national debate about that at all.

0:30:15.200 --> 0:30:19.520
<v Speaker 1>Just sixty years ago today, fairy dust angels of the

0:30:19.720 --> 0:30:23.480
<v Speaker 1>dropped down, free healthcare for the down drodden. Isn't it wonderful?

0:30:23.480 --> 0:30:26.640
<v Speaker 1>In other news? And then the mean Orange man is

0:30:26.680 --> 0:30:29.080
<v Speaker 1>trying to end it? Yeah, and this stuff. We were

0:30:29.080 --> 0:30:33.120
<v Speaker 1>discussing about compensation rates and how Congress passes laws. When

0:30:33.120 --> 0:30:36.120
<v Speaker 1>they pass, you know, the laws that brought us these things,

0:30:36.240 --> 0:30:38.600
<v Speaker 1>or continue to fund it, they will say, and of course,

0:30:38.640 --> 0:30:42.560
<v Speaker 1>will increase the taxes and the compensation to physicians year

0:30:42.560 --> 0:30:45.440
<v Speaker 1>after year after year to fund this. But then it

0:30:45.520 --> 0:30:49.400
<v Speaker 1>would be politically really unpopular to increase those taxes, and

0:30:49.480 --> 0:30:53.920
<v Speaker 1>so they say, yeah, yeah, never mind about that, which

0:30:53.960 --> 0:30:59.280
<v Speaker 1>increases the gulf between costs and inflow of revenue more

0:30:59.320 --> 0:31:02.080
<v Speaker 1>and more and more every single year, and you know,

0:31:02.320 --> 0:31:05.440
<v Speaker 1>requiring it, you know, in requiring the government to stick

0:31:05.680 --> 0:31:08.719
<v Speaker 1>private tax payers or private insurance people with more and

0:31:08.760 --> 0:31:12.880
<v Speaker 1>more of the cost without admitting to what's happening. So

0:31:12.920 --> 0:31:18.880
<v Speaker 1>there's this enormous dishonesty. And perhaps if everybody understood what's

0:31:18.920 --> 0:31:21.400
<v Speaker 1>going on, we had some honesty, we could have an

0:31:21.480 --> 0:31:24.720
<v Speaker 1>argument in which lefties would call for very high taxes

0:31:24.800 --> 0:31:28.280
<v Speaker 1>and there should be no billionaires and we need universal

0:31:28.280 --> 0:31:30.480
<v Speaker 1>health care, and that's fine. We can have that disagreement

0:31:30.520 --> 0:31:32.320
<v Speaker 1>and then vote on it. That's what we do around here.

0:31:32.680 --> 0:31:35.480
<v Speaker 1>But the fact is, nobody knows what the facts are.

0:31:36.960 --> 0:31:39.080
<v Speaker 1>It's so shrouded in mystery.

0:31:40.200 --> 0:31:45.360
<v Speaker 2>So we have figured out why Katy Perry and Justin

0:31:45.400 --> 0:31:49.760
<v Speaker 2>Trudeau are a romantic couple. The answer is there and

0:31:49.800 --> 0:31:52.200
<v Speaker 2>it's pretty obvious once you hear it. Among other things

0:31:52.200 --> 0:31:54.760
<v Speaker 2>we've got on the way, stay here.

0:31:57.000 --> 0:31:59.440
<v Speaker 10>The longest lightning bolt ever on record, as signed US

0:31:59.480 --> 0:32:02.440
<v Speaker 10>have now earned. A single lightning bolt stretching five hundred

0:32:02.440 --> 0:32:05.800
<v Speaker 10>and fifteen miles across three states Texas to Missouri was

0:32:05.840 --> 0:32:09.200
<v Speaker 10>back in twenty seventeen, now confirmed. The megaflash covered the

0:32:09.200 --> 0:32:12.280
<v Speaker 10>distance in a little more than just seven seconds.

0:32:12.640 --> 0:32:15.840
<v Speaker 2>The longest light bolt lightning bolt. I don't know how

0:32:15.880 --> 0:32:19.640
<v Speaker 2>they measured that exactly, but seen by many, many people

0:32:19.680 --> 0:32:22.760
<v Speaker 2>across the Midwest. That's kind of exciting measure is that

0:32:23.200 --> 0:32:26.160
<v Speaker 2>climate change? Is that something to be worried about? Yes,

0:32:27.120 --> 0:32:30.240
<v Speaker 2>this story, if you haven't seen the video is getting

0:32:30.320 --> 0:32:31.080
<v Speaker 2>lots of attention.

0:32:31.160 --> 0:32:33.360
<v Speaker 1>If you've seen the video, you know what I'm talking about.

0:32:33.560 --> 0:32:36.560
<v Speaker 9>The terrifying moment a rod in an amusement park started

0:32:36.600 --> 0:32:39.840
<v Speaker 9>losing control. The rod in Saudi Arabia, going back and

0:32:39.880 --> 0:32:42.000
<v Speaker 9>forth with for it appears to come loose and then

0:32:42.040 --> 0:32:45.360
<v Speaker 9>it just splits in half. Many of those people, as

0:32:45.360 --> 0:32:48.360
<v Speaker 9>you can imagine, we're seriously hurt. With some hospitals nearby

0:32:48.720 --> 0:32:51.640
<v Speaker 9>declaring a state of emergency. The exact number of people

0:32:51.720 --> 0:32:54.800
<v Speaker 9>hurt and what went wrong is still unclear.

0:32:55.040 --> 0:32:56.880
<v Speaker 1>Holy crap, have you seen that video?

0:32:57.360 --> 0:33:00.440
<v Speaker 2>Plus plus They show it over and over and over

0:33:00.480 --> 0:33:03.120
<v Speaker 2>in slow motions so that you can like individually look

0:33:03.120 --> 0:33:05.400
<v Speaker 2>at each person and see did their arm break? Did

0:33:05.440 --> 0:33:09.680
<v Speaker 2>their foot get cut off? Because it's yes, Katie.

0:33:10.200 --> 0:33:14.600
<v Speaker 8>It's it's one of those pendulum rides that swings, and

0:33:14.680 --> 0:33:16.960
<v Speaker 8>it swings all the way to the top, and then

0:33:17.040 --> 0:33:20.360
<v Speaker 8>the band that it is on just snaps and the

0:33:20.400 --> 0:33:23.040
<v Speaker 8>whole part that all the people are on slams all

0:33:23.080 --> 0:33:23.960
<v Speaker 8>the way to the ground.

0:33:24.320 --> 0:33:27.960
<v Speaker 2>Oh yeah, oh that would have been a terrifying half

0:33:28.000 --> 0:33:30.360
<v Speaker 2>a moment before. And then you land and think, is

0:33:30.400 --> 0:33:31.160
<v Speaker 2>my neck broken?

0:33:31.600 --> 0:33:33.160
<v Speaker 1>Geez? That looked like quite the jolt.

0:33:33.360 --> 0:33:35.240
<v Speaker 8>And that's the day you decide to never go on

0:33:35.280 --> 0:33:35.920
<v Speaker 8>a ride again.

0:33:36.120 --> 0:33:40.480
<v Speaker 1>And then the woman running the thing runs away. Is

0:33:40.520 --> 0:33:41.240
<v Speaker 1>it's crashing?

0:33:41.520 --> 0:33:43.720
<v Speaker 2>The woman running the thing, it's Saudi Arabia is wearing

0:33:43.760 --> 0:33:46.560
<v Speaker 2>the full beekeepers outfit where she's just looking through the

0:33:46.560 --> 0:33:47.080
<v Speaker 2>little slit.

0:33:48.600 --> 0:33:52.000
<v Speaker 1>That's that and that what an interesting thing that is.

0:33:53.080 --> 0:33:55.680
<v Speaker 2>Yeah, so you're one of the I don't know, wife,

0:33:55.840 --> 0:34:00.000
<v Speaker 2>slave people that they have in Saudi Arabia, not allowed

0:33:59.960 --> 0:34:02.720
<v Speaker 2>to cover, allow anything to be seen except your eyeballs

0:34:02.720 --> 0:34:06.480
<v Speaker 2>while you run the crappily put together right at the carnival.

0:34:06.880 --> 0:34:09.680
<v Speaker 1>I'm in favor of Carne's being forced to cover themselves,

0:34:12.080 --> 0:34:14.439
<v Speaker 1>that's true. Get can we get that going around here?

0:34:14.600 --> 0:34:18.880
<v Speaker 1>I'd like to see nothing but your eyeballs and you

0:34:18.960 --> 0:34:23.960
<v Speaker 1>could wear sunglasses if you want. Yeah, that's horrifying, terrible.

0:34:24.160 --> 0:34:29.160
<v Speaker 1>Oh jeez, here's a funny thing I came across. So

0:34:29.200 --> 0:34:32.120
<v Speaker 1>I mentioned yesterday that Katy Perry and Justin Trudeau, the

0:34:32.120 --> 0:34:34.120
<v Speaker 1>former Prime Minister of Canada, seemed to be a thing.

0:34:34.120 --> 0:34:36.799
<v Speaker 1>I'm sorry, Astronaut Katy Perry, I keep I keep not

0:34:36.920 --> 0:34:41.200
<v Speaker 1>throwing in that descriptor because they're lesbians. Yeah, today's today's

0:34:41.239 --> 0:34:45.760
<v Speaker 1>hottest lesbian couple. I'm Katy Perry. Let's got a spat.

0:34:46.200 --> 0:34:50.600
<v Speaker 2>So astronaut Katy Perry and Justin Trudeau are a romantic item.

0:34:50.920 --> 0:34:54.080
<v Speaker 2>And it was pointed out on Mark Alpern's video last night.

0:34:54.960 --> 0:34:59.040
<v Speaker 2>It is the most romantic Trump derangement story ever.

0:34:59.480 --> 0:35:03.000
<v Speaker 1>And that exactly what's going on. Obviously, that's what driver,

0:35:03.280 --> 0:35:06.719
<v Speaker 1>it's the I have to be pro Canada with Justin

0:35:06.760 --> 0:35:09.480
<v Speaker 1>Trudeau and make a big show of it and everything

0:35:09.600 --> 0:35:11.799
<v Speaker 1>like that, how much we hate America and moving to

0:35:11.840 --> 0:35:12.600
<v Speaker 1>Canada and.

0:35:12.480 --> 0:35:15.600
<v Speaker 2>Blah blah blah that whole world is that. Isn't that fantastic?

0:35:15.640 --> 0:35:17.840
<v Speaker 2>A romantic Trump derangement syndrome story?

0:35:18.600 --> 0:35:18.839
<v Speaker 1>Right?

0:35:19.040 --> 0:35:19.200
<v Speaker 7>Right?

0:35:19.280 --> 0:35:24.000
<v Speaker 1>I remember the famous audio from uh the Hillary Clinton

0:35:24.080 --> 0:35:28.480
<v Speaker 1>victory party there about Katy Perry's crying, Righty Gaga's crying.

0:35:28.800 --> 0:35:31.920
<v Speaker 1>On a slightly serious note about politics, New York Times

0:35:31.920 --> 0:35:36.320
<v Speaker 1>and political reporting today that Donald Trump is raising money

0:35:36.520 --> 0:35:40.799
<v Speaker 1>in an unprecedented at an unprecedented clip for lame duck.

0:35:41.040 --> 0:35:42.719
<v Speaker 1>Usually he's a lame duck. He can't raise any money.

0:35:42.760 --> 0:35:44.239
<v Speaker 1>He wants to give money to somebodyho's about to be

0:35:44.280 --> 0:35:47.440
<v Speaker 1>out of office. But the president's primary super pac brought in

0:35:47.520 --> 0:35:52.120
<v Speaker 1>on an unbelievable one hundred and seventy seven million dollars

0:35:52.640 --> 0:35:55.080
<v Speaker 1>in the first half of the year, and it's leadership

0:35:55.080 --> 0:35:57.600
<v Speaker 1>pack raised twenty eight million dollars. Nobody's ever seen anything

0:35:57.680 --> 0:36:02.040
<v Speaker 1>like this before. Yeah, that's something for a lame duck.

0:36:02.160 --> 0:36:02.840
<v Speaker 1>Great stuff.

0:36:02.960 --> 0:36:05.680
<v Speaker 2>Two hundred million dollars total in the first six months,

0:36:06.520 --> 0:36:08.880
<v Speaker 2>with people expecting him to still have power.

0:36:08.920 --> 0:36:11.600
<v Speaker 1>I guess. As I've said a thousand times, Donald J.

0:36:11.719 --> 0:36:13.520
<v Speaker 1>Makes me insane in a lot of ways, But man,

0:36:13.600 --> 0:36:16.320
<v Speaker 1>is he making great progress on some fronts the border,

0:36:16.360 --> 0:36:20.480
<v Speaker 1>you know, most notably, and rolling back the climate cult.

0:36:20.840 --> 0:36:23.479
<v Speaker 1>Great stuff on that next hour. Hope you can stay

0:36:23.520 --> 0:36:27.000
<v Speaker 1>with us, Armstrong and Getty