Transcriber: nvidia/parakeet-tdt-0.6b-v2, sat-12l-sm, and large-v3-turbo
Source
Participants
Main
donald j trump
admin12:40
Appearances
m
mimi geerges
cspan03:01
t
tom mcclintock
rep/r04:10
Clips
j
john mcardle
cspan00:10
?
Voice
Speaker
Time
Text
Government Shutdown Debate00:15:26
unidentified
The inspectors general as their eyes and ears in the agency.
You know, members of Congress have a lot of responsibilities, not just in their legislative role, but also as politicians, whereas inspectors general and the teams that they leave are actually in these agencies have a lot of influence, authority to be able to investigate these matters, and then Congress is able to use that information.
Is there any discussions going on at all about a change of tactics or about any kind of point of negotiation to move this towards an opening of the government?
Well, I mean, the big concern right now is that the continuing resolution, which by the way, had no Republican priorities in it, it made no changes in law.
unidentified
It simply continued spending at current levels to keep the government open.
So we've run out about half the clock on this already, and it's probably going to have to be extended again.
unidentified
So, you know, that's where a lot of the discussion is going.
But also just the utter frustration with Senate Democrats holding the government hostage on their demands for a trillion and a half dollars of new spending.
That's, by the way, that'll cost an average household about $12,000.
As many of us, by the way, warned at the time it was being put in, the only question is who's going to pay for the increases, the policyholders or the taxpayers?
And if it's the taxpayers, explain to me where they're going to get the money, considering the fact that every dollar of the discretionary federal budget is now being borrowed.
unidentified
And as I said, interest on the debt now exceeds our entire defense budget.
At some points, you have to stop the cost spiral, and that means restoring a competitive, open insurance market.
And that's ultimately what has to be done, and that's where the discussion should be going.
unidentified
I mean, let's get down to basics here.
Our health care costs have grown three times as fast as inflation and population combined, while patient satisfaction continues to decline.
And the fundamental problem is we've severed the connection between the consumer and the payer.
If somebody else is paying the bill, the consumer doesn't care about costs, and the payer doesn't care about quality.
That connection needs to be restored.
And the best way to do that is to restore a competitive health insurance market where patients can shop among hundreds of plans competing for their business, select the one that best meets their needs and budget.
And for those who can't afford a basic plan, the government can provide enough support to bring it within their financial reach.
And the Democratic leaders have already acknowledged that they know the shutdown is causing immense harm to those, particularly who are dependent on government services.
But they view this suffering, as Catherine Clark, the Democratic witch, said, they view it as leverage, leverage in their demands for $1.5 trillion in new spending.
And again, that in turn comes out of the earnings of American families.
Every trillion dollars we talk about, think of that as about $8,000 that your family is going to have to repay, either through current taxes, borrowing and future taxes, or higher prices as businesses pass their taxes on to you as a consumer.
But don't forget, Senator Johnson last week introduced a bill on the Senate floor to assure that the essential government workers, the air traffic controllers, the TSA officers, law enforcement that are required to show up for work anyway are going to be paid on time.
unidentified
And the Democrats shot that down because it reduced their leverage.
Well, at some point, people are going to have to make a judgment on a party that would put that kind of suffering as a priority to maintain their political leverage in this process.
I want to ask you about a headline in Axios about it says the economy is an unchartered territory that data went dark this month.
The government shutdown is halting the collection and release of statistics tracking the job market, public health, and crop production, as well as other economic indicators.
Congressman, you serve on the budget committee.
What kind of impact are you fearing from this lack of government data and what can be done about it?
Let's talk to Frank, who's in San Francisco, Independent Line.
Hi, Frank.
Good morning.
unidentified
Good morning, Mimi.
You're calling in an independent this time because Democrats running Newcomb or Bama Laher is not enthusing me about 2028, if we get an election at all.
But Mr. McClintock, it seems like you've misstated a few points.
And returning, we're not going to return to premiums of Obamacare.
We're going to return to a higher premium because of the inflation we've been having in the health industry.
That's why we've got to get back to a competitive market system where individual plans, hundreds and hundreds of them, are competing for people's business based upon what they're offering and the value that they're delivering.
unidentified
And Obamacare is exactly the opposite.
Obamacare is basically a one-size-fits-all process, heavily subsidized by taxpayers.
And by the way, if the subsidies expire, a single individual earning $40,000 a year is still only going to pay about 7% of his income for his health care.
That's about $2,700.
Taxpayers will pick up the other $5,400 a year of the price of that policy.
If a single individual at the poverty level, $15,000, if the premiums expire, or the premium subsidies expire, will only pay $3.45 a week with the taxpayers picking up the other 98% of the policy.
And the simple way to end it is to pass the continuing resolution that continues current levels of spending that the Democrats already agreed to back in March through November 21st.
And obviously, there's probably going to need to be another extension because we've now lost a month because of the Democrats holding the government hostage.
They received 33,000 communications from Californians.
unidentified
They listened to every constituency in every community.
And over a period of nine months, they drafted a consensus redistricting plan.
Newsome has placed on the ballot for November 4th a measure that would completely shred the work of that commission and replace it with the highly partisan Gary Matter that was drafted by partisan zealots over a few days behind closed doors.
Republican candidates for Congress in the last election got 40% of the vote in California.
unidentified
We got 8%.
We're going to leave this, but you can continue watching at C-SPAN.org as we take you live now to Kyongjoo, South Korea, where President Trump will be speaking at the Asia-Pacific Economic Cooperation Summit CEO luncheon.
I'm thrilled to be back with so many visionary innovators and titans of industry, the most brilliant in the world, actually.
So many different locations, and they come from all over, but this is a very special country that I'm in.
And the business leaders here at AIPAC are really, really fantastic.
So many friends, and I want to thank our host at this important summit, President Lee of South Korea.
He's a terrific person, and I'm going to be meeting with him this afternoon.
And I look forward to that very much.
The Republic of Korea is a cherished American friend and a close ally.
And as we can see in this beautiful city, it's truly one of the most remarkable nations anywhere on earth.
Here in this peninsula, the people of South Korea have forged a miracle of economic development like you rarely see an industrial and technological powerhouse, and above all, a free society and enduring democracy and a thriving civilization.
And I want to congratulate you.
Very few places like it.
The entire world should be inspired by all that you have achieved, and they study you and they do so much to understand what you've done, but most of them don't get it.
And today I come with exciting news from one of the largest Pacific nations.
We'll call ourselves a Pacific nation, but one of the largest of them all, the United States of America.
I'm pleased to report to you that this afternoon, after four years of weakness, disaster, really decline, America is back and it's back stronger than ever before.
We're doing numbers that nobody's ever seen before.
We're the hottest country in the world, actually.
And I say that with other countries represented, and they admit it.
But I do say it very proudly.
One year ago, our country was in very, very serious trouble.
Some people thought our country was dead.
Now we're literally the sort of an inspiration to a lot of other countries.
We are indeed, I use the term hottest country, but we're the hottest country anywhere in the world by far.
The United States is blessed with the, right now, the strongest economy, the strongest borders.
This all happened over the last nine months.
The strongest military, the strongest friendships, and the strongest spirit of any nation on the face of the earth.
This is a golden age.
In a short period of time, I knew we could do it.
I didn't know we were going to do it this quickly.
It's a little bit more than nine months.
So in less than one year, we've secured commitments for over $18 trillion of new investments.
As an example, the previous administration, in four years, they did less than a trillion.
I think much less, actually.
And hurt our country very badly.
Who would have known?
But we're going to be 18, so I figure that we'll probably be at 20 or 21, maybe even 22 trillion dollars of investments coming into our country by the end of the first year of my second term.
And, you know, we had a tremendously successful first term.
We had the strongest economy in history for our country, strongest we ever had.
But this is, I think, blowing it away.
We have great policy.
We have some very good things happening.
The stock market, as you know, is set 45 all-time highs since in a period of, it's pretty good, in a period of nine months, breaking new records week after week, including one just yesterday.
We set the record GDP growth in the second quarter.
And that's with all of the things that we're doing.
When they are built in a year and two years, we're going to go through the roof.
I mean, we're going to see numbers that I don't think have ever been seen before.
But even during this period of, a little bit of a period of transition, you could go, because I think we're in an economic revolution in America.
We went at 3.8%.
We're up 3.8% GDP, triple and even quadruple the rate that a lot of people thought we'd be.
They thought that during this period that we'd be at a much lower rate.
Some people predicted one, one and a half, and we're going to be very close to four.
The next quarter, we're expected to be at about 4% growth.
And after that, I mean, I can't even predict because when all of these factories that are moving in, the car plants are moving in.
Yesterday I was with Mr. Toyota in Japan, and He's just announced he's going to spend, they are going to spend $10 billion, and they're going to build new car plants, and they're going to build them in numerous states, about six or seven different states.
And we're bringing our car industry back.
We're bringing AI.
We're leading everybody in AI.
We're leading every nation in AI, actually by a lot.
In nine months, we've lifted over 600,000 Americans off food stamps.
Wages for workers are rising at the fastest pace in more than 60 years.
And meanwhile, energy prices are down.
Gasoline prices are down.
Grocery prices are down.
Mortgage rates are down, despite the fact that we have an incompetent head of the Fed.
He's incompetent.
I call him Jerome Too Late.
He's always too late.
Jerome Too Late, Powell.
But he's out of there in another couple of months.
We'll be very happy about that.
We'll appoint somebody that we all like because we should have the lowest interest rates of any country.
Because without us, there are no other countries, really.
I mean, the whole thing falls apart.
You know, America always had the lowest interest rates, and now we don't do that.
You know, we're like number 28.
It's ridiculous.
And we're a much different country than we were two years ago or a year ago even.
But you know what?
The crazy thing is in the old days, I call the old days.
I'm a little bit older.
I'm looking at all these young, brilliant faces.
I'm a slight, you know, a couple of years older than you, just a couple of years.
But you know, in the old days, when you announced good news, the stock market went up.
You announced good news, the stock market would go up.
Now, when you announce good news, the stock market goes down because people say, oh, that's terrible.
You're doing well.
That's terrible.
Interest rates will go up.
So they think because of that, interest rates will go up because that's, it's inverse of what it should be.
We're going to go back to the way it used to be.
When we announce good news, the stock markets are going to go up.
And that's the way it should be.
And we're going to really ride that very hard.
And when we announce good news, we're not going to have a Fed that's going to raise interest rates because they're worried about inflation in three years from now or something.
When we announce good news, we want the stock market to go up, not to go down.
And the scourge of inflation we inherited, you know, we inherited the worst inflation ever that we've ever had.
I inherited from incompetent people.
And now we're down to a very low rate of inflation, 2.7%.
And it's going to be a little bit lower than that.
It's almost a perfect number.
Believe it or not, you don't want to have zero.
You want to have like 1% to 2%, and we're very close to that number.
But we had inflation the worst in the history of our country.
But factories are booming in the USA, and manufacturing productivity is rising five times faster than it was just one year ago.
Think of that.
Steel production is way up by 155,000 tons a week.
Oil production is through the roof by half a million barrels a day.
And mining of clean, beautiful coal.
I call it clean, beautiful coal is up by 2.6 million tons every single month.
And we brought coal back into the picture.
What you can do with coal today is incredible.
So I call it clean, beautiful.
I don't use the word coal, I say, because it's got a little bit of a problem, public relations-wise the word.
So we call it clean, beautiful.
My administration's not allowed to use the word coal.
They have to say clean, beautiful coal.
We've given it a new name.
It's a three-name.
It's a three-name deal.
Even semiconductor manufacturing is rapidly returning to the United States.
NVIDIA and TSMC have just produced the first state-of-the-art Blackwell chip that was 100% made in the USA.
In fact, Jensen, who's an incredible guy, might be here.
I don't even know.
Is Jensen here?
I think he's around.
Somebody said he's here.
How is he?
Pretty good, right?
Got a chip.
Got a chip that's like 10 years advanced, but he's great.
And they're all, you know, building now.
They're building tremendous plants in the United States, Arizona, Texas, all over.
We're going to have a big portion of the chip market just in a very short period of time.
But these tremendous strides are also creating great jobs for our citizens.
1.9 million more American-born workers are employed today than when I took office nine months ago.
Think of that.
Almost 2 million people more American workers.
Nobody's ever had numbers like that.
And those numbers are going to get much bigger, much better than that, when we open these plants that are being built all over the AI plants.
I've never seen plants this big.
You know, I built shopping centers.
I built a lot of things.
But if you spend $250, $300 million, you can build a big shopping center.
These people are spending $50 billion to build a building.
And I say, what's your product?
Information.
I said, well, good luck.
unidentified
That's a lot of information you're going to have to have.
But, you know, they're the smartest people in the world doing it, and they all think it's great.
All I can do is make it easy for them.
And what I've done, one of the things that I'm most proud of, because I thought of it like every country, our electricity production, our energy production is now, it's not, nobody ever thought it, nobody ever saw this kind of a revolution with the AI.
And what they need more than anything is electricity.
So if a country was able to do that, it would be pretty unusual.
It would be very hard.
Maybe you could say impossible.
So I came up with the concept when they build this massive plant, sometimes the size of Manhattan.
Think of that.
The size of Manhattan, these plants are the biggest.
I've never seen anything like it.
Actually, nobody has.
There's never been anything like it.
But I let them build their own electricity generating plants with it.
So they're building their own electric.
They're sort of becoming an electric producing company in addition to all of the other things that they produce, including information.
And what they're able to do is start immediately.
We're giving them very fast permits.
We're no longer having them wait for 10 years, 12 years, 15 years prior to rejection.
They'd go 15 years and then they'd get a vote, a rejection.
And by that time, their concepts were old and obsolete anyway.
So, you know, it's terrible.
And we're getting it done rapidly, literally rapidly.
And they're coming up with electric generating plants, the likes of which nobody has seen.