Sen. Schmidt joins us for an instant analysis on what is happening with the Budget Resolution, spending cuts, and more. I explain how President Trump could be messing up the tariff issue if he was doing something opposite, and then Alex Marlow closes us out with an amazing analysis about President Trump's cabinet meeting.
00:00:53.000He's done an amazing job building one of the most powerful youth organizations ever created, Turning Point USA.
00:01:00.000We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country.
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00:01:42.000Senator Schmidt from the great state of Missouri joins us.
00:01:52.000And within the budget resolution, were there details of no tax on tips, no tax on overtime, or was that just the precursor to be able to now get into those negotiations?
00:03:09.000So if we can actually have some reform, bend that curve, have revenues with all the good things that are happening with President Trump catch up, it's realistic to think we can have a balanced budget in a few years.
00:03:21.000But we've got to do that hard work, and we can do that in the reconciliation process, too, which only takes a simple majority in the Senate.
00:03:27.000And I think for the audience, that's the most important thing.
00:03:29.000If the House can hang together, And Senate Republicans can hang together on this.
00:03:47.000The amount of money we are borrowing is extraordinary.
00:03:49.000I mean, it is as if it's when COVID happened, we decided to just put back all of our monetary or fiscal, I should say, impulses of fiscal discipline.
00:04:01.000We've decided to basically embrace the cheap money guzzle.
00:04:05.000However, Senator, there are rumors that we might increase the Department of Defense budget to a trillion dollars.
00:04:11.000Where do you anticipate these spending cuts coming from?
00:04:15.000I'm all for a big and mighty military.
00:04:18.000However, first and foremost, I think the greatest threat to our national security is our national debt, not even any existential foe.
00:04:25.000So build out Where you think some of these cuts will come?
00:04:28.000More broadly, I know that you have to keep your cards close to your chest, but if we're talking about an increase in the defense budget, where else can these cuts come from?
00:04:43.000We spend a trillion dollars a year on the interest on that $36 trillion debt.
00:04:47.000That's only going to grow as some of these things become more mature and they need to be refinanced with higher interest rates over the last few years.
00:05:24.000And that's the kind of thing, like, take Marco Rubio, what he said was.
00:05:27.000He said, 83% of the stuff we're doing, we're not going to do that anymore.
00:05:31.000The 17% that remains, we're going to go move in further American interests overseas, right?
00:05:37.000That's the kind of reform you have internally that Doge finds that gets embedded in savings moving forward.
00:05:42.000What are some other things you can do?
00:05:44.000I think what's broadly popular is work requirements.
00:05:48.000If you're an able-bodied adult, you should be required to work.
00:05:51.000That explosion under Obamacare is really affecting people who need it most, Medicaid.
00:05:57.000So when President Trump talks about making sure we're not touching Social Security, not making sure we're touching benefits on Medicare and Medicaid, I think we're all with him in lockstep.
00:06:06.000But we've got to make sure that the able-bodied population that's not working, they're draining the system.
00:06:27.000If we just went back to pre-pandemic spending, Charlie, 2019 spending levels, plus inflation and population growth, that's like a trillion dollar difference than what we're spending right now.
00:06:39.000So I think we can make some real progress here.
00:06:42.000So I now want to get into the tariff aftermath.
00:06:45.000I mean, you come from a state that has a lot of ag and a lot of...
00:06:49.000Once mighty industry and also a fair amount of exporting and international business.
00:06:55.000How are your major industries in Missouri thinking about these tariffs?
00:07:00.000And what is your message to some of the audience that might be a little worried that tariffs might mean higher prices and that we might have a little bit of economic uncertainty coming down the next couple of months?
00:07:17.000Yeah, I spent a lot of this week, I think, defending President Trump's leadership in Washington.
00:07:22.000And permanent Washington's totally disconnected from what's really happening.
00:07:26.000Sort of the global elites have had their run here.
00:07:28.000After World War II, we had all these favorable deals for countries who were trying to get back on their feet.
00:07:40.000After the Cold War ended, though, we didn't adjust at all.
00:07:43.000So you can't buy or you don't see an American car in Europe.
00:07:47.000You don't see an American car in Japan.
00:07:49.000You don't see an American car in Korea.
00:07:51.000Yet all of their cars are in our markets because they have erected these barriers over time through tariffs, trade barriers, in China specifically, stealing our IP.
00:08:04.000And I do come from a state, and I grew up in a blue-collar neighborhood where all those good-paying jobs, those factory jobs, they went overseas.
00:08:11.000Sentinel, you know, we got Sentinel in exchange.
00:08:13.000And so my message is, America isn't an economic zone.
00:08:17.000America isn't some strip mall with an airport attached to it.
00:09:35.000And I think at the end of the day, it's going to lead to greater prosperity for us because we're going to have more markets open.
00:09:39.000We'll have more revenue coming into this country and we'll bring back industry, those good paying jobs that we had for a very long time that didn't need to go somewhere else.
00:10:11.000Every dollar you spend is either supporting your values or working against them.
00:10:15.000In today's economy where you spend your money matters, that's how we take back our country.
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00:11:52.000Just slash these ridiculous, nonsensical rules that are on the regulatory book that make it harder for businesses to be able to operate, to hire, and deploy capital.
00:12:02.000Maria Bartiromo says this perfectly, that we are seeing a decrease in oil prices, which you are going to feel at the pump in the next two weeks.
00:12:11.000We are seeing interest rates go down, which by the end of the year, we might see a significant cut in rates, which will help first-time homebuyers.
00:12:38.000He told me, you know, a number of times that he's trying to build the economy and make it independent as opposed to relying on China for things like prescription drugs.
00:12:50.000Now, I have to further explain the contrast what President Trump is doing with tariffs versus what someone like Bernie Sanders would do with tariffs.
00:12:59.000And it's an incredibly important distinction.
00:13:02.000Let's say it was Bernie Sanders who once supported tariffs and In a tepid way, it says, yeah, you know, we'll do tariffs.
00:13:09.000The difference is that if President Bernie Sanders, God save us from such a thing, would do tariffs, he would create a domestic control socialist economy.
00:13:22.000What President Trump is doing is incredibly unique, is that he is doing tariffs while liberating the American market economy.
00:14:14.000DEI is like the silent regulation that was written into every single corporate handbook by soft corporate and soft cultural decree post-Floidapalooza.
00:14:26.000It was more about outcomes over opportunity and not even about outcomes.
00:14:30.000It was honestly about a very perverted tribal racial preference doctrine that was force fed into corporate America.
00:14:39.000So what President Trump is attempting to do is liberate the American economy through massive tax cuts, deregulation, energy boom, while having trade barriers.
00:14:55.000Again, we don't know, but you must remember people voted for this.
00:14:58.000I would have grave concerns about tariffs.
00:15:02.000If President Trump was talking about massive tax increases, more regulation, more government programs, more government redistribution and tariffs.
00:15:12.000Because then why would anyone want to do business here?
00:15:15.000What President Trump is doing is he's making it more appealing to invest while also having a penalty to not invest.
00:17:01.000Even though these novels were written in the 1930s and 40s, they're highly relevant today as they show what a tyrannical government does to human nature.
00:17:09.000More importantly, they can show us that faith, family, and friends are worth fighting for.
00:17:14.000Maybe you read these books a long time ago in school.
00:17:16.000Maybe you've heard others talk about them and they seem a little intimidating.
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00:17:28.000That is charlieforhillsdale.com C-H-A-R-L-I-E forhillsdale.com Joining us now is Alex Marlowe who does a great job from the Salem Radio Network and also From Breitbart News.
00:17:49.000Alex, one of the things that we did not cover, because I've been too busy going on these campuses across the country, is the cabinet meeting.
00:17:56.000I do want to play some piece of tape here from the cabinet meeting, and then get your take of this group of all-stars and rock stars.
00:18:04.000I'm just going to pick one of the cabinet meeting, let's just say, highlights.
00:19:08.000Yeah, thank you, Charlie, and I always appreciate the kind words, and I really do appreciate all the things you're doing on campus.
00:19:13.000It is so essential, and I hope a lot of people follow in your footsteps, because clearly these young minds are very gettable, and anything we can do to decouple the federal government from our colleges is big, and I think you're a big part of that.
00:19:26.000I'm glad you started with RFK, because he'd won the most interesting presentations.
00:19:29.000I'm a massive fan of his, and it's not necessarily because of the exact reasons that you might see on your favorite ex-account.
00:19:36.000I don't necessarily think I think of him as the most hardcore.
00:19:39.000I think of him as someone as the most evidence-based.
00:19:42.000And one of the reasons why I've always been drawn to him is because I actually feel like what he wants to do is just assess some of these things that we've just assumed to be true and to be okay.
00:19:52.000And maybe some of them will turn out to be fine, and we can stay the course.
00:19:55.000But other times, he's going to identify things that we've...
00:19:59.000He's going to answer questions that either we haven't asked or we've assumed that the answer is a certain thing.
00:20:03.000And he went through a big list of things yesterday that I thought were really important.
00:20:07.000Let's just start with baby formula, where he's trying to get chemicals out of baby formula.
00:20:11.000The fact that we have a chemical-laden baby formula that babies consume and that's just assumed to be a good thing and acceptable, he's going to reassess that.
00:20:19.000Obviously, we talked about the autism rates, and that's going to be a really complicated answer, but he's trying to give it to us almost right away.
00:20:26.000He also talked about something, Charlie, that I think is one of the top issues of our time, which is cell phones in schools.
00:20:32.000So younger people are completely addicted to these phones.
00:20:35.000They're not learning basic social behaviors.
00:21:16.000The most fundamental thing with Maha, Charlie, is we all eat too much.
00:21:20.000We all eat bad stuff with too many ingredients in it, and we don't exercise enough.
00:21:24.000He's going to get us on that path, and I just dig it so much.
00:21:27.000So every so often I'll get, let's just say, a little bit of a pompous brat on campus that says, you know, Charlie, it's been 75 days and Trump isn't fulfilling his promises, which is just a ridiculous, ludicrous thing to say.
00:22:25.000We should keep the encouragement on on the administration to stay the course and to keep on reminding themselves why they are there and what they promised the American people to do.
00:22:35.000Look, Charlie, you and I are creatures of the internet.
00:22:46.000Of course, I always want to go harder.
00:22:47.000But when I'm seeing some of these numbers that are coming in with the amount of cuts that we're getting from Doge, with the amount of arrests that we're getting from ICE, I think they're pretty good numbers.
00:22:56.000But I don't like when sometimes there's a...
00:22:59.000There's a delta between what we're hearing from different groups.
00:23:03.000I talked to Senator Ernst about Dogecut.
00:23:05.000She said we were at a quarter trillion.
00:23:07.000Musk said yesterday we're at 150 billion.
00:23:10.000I always wonder a little bit when there's a little bit of a data gap because then maybe I don't know what's going on.
00:24:02.000And China will not weaponize this canal.
00:24:06.000Together with Panama in the lead, we will keep the canal secure and available for all nations through the deterrent power of the strongest, most effective, and most lethal fighting force in the world.
00:24:21.000We will do this in partnership with Panama.
00:24:26.000Together, we will take back the Panama Canal from China's influence.
00:24:31.000And we will do this along with other capable, like-minded allies everywhere.
00:24:37.000And a lesser reported element yesterday, Alex, was that Panama has now allowed the U.S. to deploy troops to the canal.
00:24:49.000The document signed by top security officials from both countries allows U.S. military personnel to deploy to Panama-controlled facilities for training, exercise, and a range of other activities.
00:25:01.000Pete Hegseth and Marco Rubio have done a phenomenal job where Panama is inviting the United States because deep down, I think Panama does not want the Chinese Communist Party controlling this thoroughfare and this choke point.
00:25:17.000The Panamanian government has been cooperative, and it's really the Chinese government that's infuriated, and they're probably putting a lot of pressure on them that we might not be able to see.
00:25:26.000But the government itself, they filed criminal charges against the Hong Kong company that controls a lot of those key ports, which obviously is going to infuriate China.
00:25:34.000But China is making it that Hegsath and America, that we're going rogue there.
00:25:39.000But it's not true, because the Panamanian government would like to see this handed off to America or a partnership.
00:25:45.000between Panama and America and not have China control this choke point, as you say.
00:25:49.000That's exactly right, and I feel like that China's incursions via Belt and Road, via BRICS, into our hemisphere is not acceptable, and the fact that we built them a thoroughfare to do that is completely insane, and this is exactly the stuff that the Donald Trumps of the world and the Pete Hegses of the world,
00:26:06.000outsiders coming in, see very clearly, and this is one where we're absolutely butting up against China, and that's a good thing.
00:26:13.000And we must understand, America built the Panama Canal.
00:27:17.000And we just handed it to our greatest enemy, the Chinese Communist Party.
00:27:21.000Again, I'm probably lowballing some of these numbers, but that's a conservative estimate.
00:27:27.000I want to make sure you guys know that YRefi is there for any private student loan reconciliation needs that you have.
00:27:34.000If you know anybody in your life with private student loan debt, which by the way, there's over $300 billion of private student loan debt in this country.
00:28:23.000Alex, I know something you're very passionate about and something that you've been covering a lot at Breitbart is decoupling the federal government from higher education.
00:28:32.000Explain what you would like to see happen in that regard with our audience.
00:28:36.000Yeah, so I'm really thrilled to see the Department of Education winding down, Charlie.
00:28:40.000But I think that one thing, I was thinking about this a lot when you were talking about Hillsdale earlier, about how if something is worthwhile, then people are going to step up and they're going to fund it when it comes to education, when it comes to our future.
00:28:50.000And I don't understand why the federal government is invested in any of these.
00:28:55.000So many of them are self-sustained by their endowments, which are essentially just hedge funds, and they can operate enough so that they don't even need to collect.
00:29:04.000Tuition at this point, much less federal funds, and yet they're still able to get it.
00:29:08.000But I think there's a toxic university culture that permeates out into our society.
00:29:51.000And it's actually ruining not just people's minds, but it's ruining our cities.
00:29:55.000And so this is why I feel like it's sort of an existential issue for us to take away their opportunity to get the federal funds as fast as possible.
00:30:22.000One of the other things that we need to do, and I want the Trump administration to push for, is radically cut down the number of jobs you need a college degree to fill.
00:30:31.000Encourage companies to replace them with standardized tests, practical exams, or thorough in-person interviews, or internships to jobs.
00:30:39.000A lot of that went away because of DEI issues.
00:30:43.000Practical exams are racist or whatever.
00:30:45.000Basically, the government said it was Too racist to require a test to work somewhere, but not to require a degree.
00:30:53.000I believe DEI is the hidden regulation that has been strangling American business.
00:30:58.000And I think that DEI could be responsible for 1-2% of GDP growth over a couple years if we keep it.
00:31:19.000I know you've always rejected it, and so that's a compliment to you.
00:31:22.000But that is so right on, and we need to absolutely not have that.
00:31:25.000But I'll tell you, I blew Dennis Prager's mind, because Dennis Prager, our friend, he asked me, when I'm hiring at Breitbart, if I see a Harvard on the resume, does it help?
00:31:34.000And I had to think about it, and I said, I don't really think so anymore.
00:31:38.000And someone who is an academic guy, you know, 50 years ago, the thought that in half a century, Harvard would not add to your resume.
00:31:45.000It just shows you stop wasting your money on these places.
00:31:48.000get those internships going for your kids.
00:31:50.000Alex, excellent, sharp commentary as always.