The Charlie Kirk Show - Are the Kids Actually All Right?

00:00:00.000 Hey, everybody, Charlie Kirk here live from the Bitcoin.com studio.

00:00:04.000 Sauger and Jetty, we have a great conversation about debt, BNPL, young people, Israel, and more.

00:00:11.000 And then I recap my viral conversation with Tucker Carlson, which you are able to listen to on the Tucker Carlson podcast page and so much more.

00:00:18.000 Email us as always, freedom at charliekirk.com.

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00:00:32.000 Here we go.

00:00:33.000 Charlie, what you've done is incredible here.

00:00:35.000 Maybe Charlie Kirk is on the college campus.

00:00:37.000 I want you to know we are lucky to have Charlie Kirk.

00:00:40.000 Charlie Kirk's running the White House, folks.

00:00:43.000 I want to thank Charlie.

00:00:44.000 He's an incredible guy.

00:00:46.000 His spirit, his love of this country, he's done an amazing job building one of the most powerful youth organizations ever created.

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00:01:31.000 I was very moved by a conversation that our next guest had with Tucker Carlson.

00:01:37.000 I was on Tucker's show yesterday.

00:01:38.000 I said, let's book him.

00:01:39.000 I think he's super smart and has an amazing way of thinking about things.

00:01:44.000 I don't know if I always agree with him, but I don't even agree with myself all the time.

00:01:47.000 Joining us now is Sauger and Getty.

00:01:50.000 He is the host of Breaking Points and very smart, and also went on Tucker Carlson about two weeks before I did.

00:01:57.000 Sager, great to see you.

00:01:58.000 Hey, thanks for having me, Charlie.

00:01:59.000 I appreciate it, man.

00:02:00.000 Yes.

00:02:00.000 So one of the things I wanted to talk to you about, this was kind of the theme of my Tucker conversation, and then we can get into more of the juicier, more headline-scintillating stuff in a little bit, is the plight of younger people.

00:02:10.000 And you had a phenomenal take on this from their attachment to even draft kings to kind of this debt-financed economy.

00:02:17.000 I touched on this yesterday the best that I could, but the kids are not all right.

00:02:22.000 We are seeing it harder than ever to own homes, more depressed, more socially isolated.

00:02:27.000 What's going on with younger people that you wish that more of our leaders, more boomers, more elders understood?

00:02:35.000 Yeah, I mean, one of my favorite things Tucker Carlson ever said, I think it was in the election of 2020, is that whoever in this selection is going to make it easier for a 30-year-old American to buy a house and to raise a family is the only person who deserves to win.

00:02:48.000 I think that's a really good heuristic.

00:02:50.000 I mean, look at where we are right now, Charlie.

00:02:52.000 The average first-time homebuyer in the United States is now 38 years old.

00:02:55.000 That's a record high.

00:02:57.000 It used to be 27 years old, not that long ago.

00:03:00.000 The median homebuyer in the U.S. is 56 years old.

00:03:04.000 So, you know, this gets to the conversation that you and Tucker really had about the selfishness of the boomer generation.

00:03:10.000 And it's one of those where you're watching wealth not only be hoarded in the form of a home, but to be protected with so many different ordinances and different ways of living.

00:03:20.000 And I'm not trying to make this some sort of entree point into Yimbyism, only to recognize the problem. 0.99

00:03:26.000 Like right now, a 38-year-old who's buying their first-time home is leveraged up to the hilt to a point that they never were in the history of our country.

00:03:35.000 Right now, the first-time homebuyer I mentioned, who's 38 years old, 42% of their after-tax income is being spent on their mortgage payment for that average 38-year-old, leaves very, very little room, you know, a wiggle room.

00:03:48.000 I just had a child, a baby daughter.

00:03:50.000 I mean, the amount of expenses that come with having a child, both from your health insurance, premium, deductible, stroller, cars, I mean, changes your entire life in a genuinely irrevocable way.

00:04:00.000 And then you look also for the rest of their finances.

00:04:04.000 I just looked it up right before I came on the show.

00:04:06.000 The average millennial credit card balance right now, today, is $5,000 to $6,000.

00:04:13.000 That's in their balance.

00:04:14.000 They're not paying that balance.

00:04:15.000 The vast majority of Americans aren't able to meet that payment every single year.

00:04:19.000 That means they're being charged userous credit card rates of some 19 to 31% in terms of their APR.

00:04:25.000 So you are just watching runaway debt destroy the balance sheets.

00:04:30.000 And then the entire system is basically, you know, we were talking about sports betting on Tucker's show is basically trying to sell degeneracy and debt to as many Americans as humanly possible, which is just getting them farther and farther away from what makes us fundamentally happy in this world.

00:04:47.000 So our country is totally broken.

00:04:49.000 It starts with the homes.

00:04:50.000 It also goes to debt.

00:04:51.000 And the entire way that our debt finance leverage system is designed is really to the benefit of a lot of people who are older.

00:04:58.000 And it's certainly not to the benefit of anybody who's under 40 in this country.

00:05:02.000 So what caused this?

00:05:04.000 I mean, again, that's what I love about your show.

00:05:06.000 I listen to it every so often.

00:05:08.000 I like you more than Crystal Ball.

00:05:09.000 No offense to her, just what it is.

00:05:13.000 It's fine.

00:05:14.000 It is what it is.

00:05:14.000 But I think your commentary is precise and you make me think, and it's not partisan.

00:05:18.000 It's just real, which I really like.

00:05:21.000 And so how did we get here?

00:05:23.000 Just outside of platitudes and bumper stickers, what practically, can you point to two or three moments that decisions were made either through public policy or cultural moments where basically we decided we're not going to hand a good country off to our kids?

00:05:40.000 What caused this specifically?

00:05:43.000 It's really difficult to say.

00:05:44.000 Something definitely changed in the year 1971.

00:05:47.000 There's a great website, WTF happened in the year 1971.

00:05:51.000 There's all kinds of charts that show I love looking back at the cost of living.

00:05:55.000 I mean, if I had to point to concrete different things, it would be number one is student debt.

00:06:00.000 And that was, of course, the government's backstopping of the student debt crisis, guaranteeing of the loans, which caused runaway inflation in terms of education costs.

00:06:09.000 I would also point to people like Joe Biden, who represented the state of Delaware and was called, you know, the senator from MBNA.

00:06:16.000 But it's not really fair to just blame Joe Biden, who passed a speech of legislation in the 1980s protecting the credit card industry.

00:06:22.000 Since that time, there has been an immense amount of pushback on Capitol Hill to even cap credit card interest rates or at the very least to go after the profit centers themselves that allow people really to get into this runaway debt situation.

00:06:35.000 The housing story is a lot more complicated.

00:06:37.000 I mean, you've talked a lot about here on your show with illegal immigration.

00:06:41.000 I think that's part of the story.

00:06:42.000 I don't think that's all of the story, but at the very least, we know that we have a housing crisis and a shortage.

00:06:47.000 But really, it's about the structure of our economy.

00:06:50.000 You know, one of the things I really fundamentally believe is that not all Americans should have to be able to move to some sort of urban economic center if they don't want to.

00:07:00.000 And increasingly, the way that our jobs and our economy and all is structured are in these super zip codes where the price and the cost of living, like where I live near the Washington, D.C. area, is just absolutely out of control.

00:07:12.000 So unfortunately, I really can't point to a single point, one or two different things.

00:07:16.000 Obviously, student debt and credit cards are one of them.

00:07:19.000 But at this point, we are where we are, man.

00:07:20.000 Like we got to deal with it at this point.

00:07:22.000 And in terms of dealing with it, we have got to go after these massive profit centers, which just rip people off.

00:07:29.000 And I don't see enough, I don't see enough energy on that in the Democrat or the Republican Party, honestly.

00:07:34.000 Yeah.

00:07:34.000 So what does that look like?

00:07:36.000 And how do we do that prudently, Sager, without embracing just blind wealth confiscation?

00:07:43.000 And so what does that look like?

00:07:45.000 Name the companies that you would go after.

00:07:47.000 Let's just say, if I'm able to convince, I don't know, a president, JD Van Sager, you're in charge of the FTC.

00:07:52.000 Go hog wild.

00:07:53.000 What does that look like specifically?

00:07:57.000 Right now, the buy now, pay later.

00:07:59.000 There is hundreds of billions of dollars in debt in these Klarna-type, you know, buy now, pay later applications, the DraftKings, the FanDuel, all of these sports betting companies, which are just ruinously putting young men, specifically young men who are watching the show most likely, into horrible debt by selling them these terrible products, which are ripping them off.

00:08:19.000 They hate you.

00:08:20.000 Not only do they hate you, they'll ban you if you're any good.

00:08:23.000 You know, 40 states across the country have now legalized it.

00:08:26.000 That's exactly the two, those two centers are some very easy things that I would say.

00:08:30.000 Also, in terms of wealth confiscation, let's have honest conversations.

00:08:33.000 Yeah, go ahead.

00:08:34.000 Well, no, no, no, wealth confiscation.

00:08:37.000 Those are fighting words.

00:08:38.000 Wealth confiscation.

00:08:39.000 I'm not going to call you Elizabeth Warren.

00:08:41.000 What do you mean by that?

00:08:41.000 Yeah, I mean, I'm not talking about wealth confiscation.

00:08:44.000 What I'm talking about is going after the centers of big business.

00:08:46.000 One of the things that Tucker and I really pointed out in our show is if you look at the way to get filthy rich in America today, I encourage everybody, I'm not against billionaires.

00:08:55.000 I want people to become billionaires, quote, the right way, in a productive way.

00:08:59.000 The way people get rich right now is you can go and look at the new additions to the Forbes list.

00:09:03.000 It's not the Elon Musk or the Jeff Bezos of the world who are creating these companies and hiring all these hundreds of thousands of people.

00:09:09.000 It's financial engineering.

00:09:11.000 It's high-frequency trading.

00:09:12.000 It's stuff that adds no productive value to our country.

00:09:16.000 Why are we giving them tax breaks through the carried interest loop poll?

00:09:18.000 It makes no sense.

00:09:19.000 Why, Charlie, are you and I who own small businesses?

00:09:22.000 I'm presuming, you know, with podcasts taxed at a higher rate than people who are just managing and running money on behalf.

00:09:29.000 Again, you know, if you care about the same partisan, we pay a very high organization.

00:09:33.000 Yes, you're right.

00:09:34.000 I mean, especially your show does great.

00:09:40.000 I'm not complaining.

00:09:41.000 And by the way, I said before, I say this as a conservative.

00:09:43.000 My contention was, guys, during the One Big Beautiful thing and Bill thing.

00:09:48.000 And by the way, Trump's original submission to Congress had this in some sort of way, which is, guys, cut spending.

00:09:55.000 And honestly, you can minorly raise taxes on people like me.

00:09:58.000 It's not going to be the end of the world.

00:09:59.000 But obviously, that was completely dead on arrival.

00:10:02.000 I want to talk more about this.

00:10:03.000 And then, oh, by the way, I just want to make sure it's Sager and Jetty.

00:10:06.000 Yes.

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00:11:20.000 Sager, we'll talk about Israel in a second here, but I want you to complete the thought.

00:11:23.000 What would be a reordering of the economy look like?

00:11:27.000 And what, in your opinion, would be two or three metrics that we can isolate and measure that we need to improve upon?

00:11:35.000 What would those be, Sauger? 0.98

00:11:37.000 First and foremost, is like I said, we need to look at not just the threat, but the fundamental way that we've watched the Chinese economy transform.

00:11:45.000 Biggest problem that we have right now is that everything is centered around this idea of the number must go up.

00:11:51.000 All of American retirement, capital, everything needs to return 8% to 10% because our entire future is invested in that.

00:11:58.000 One of my favorite statistics is that the Shanghai Stock Exchange has barely gone up since the year 2009.

00:12:04.000 But the material way that the Chinese economy and the Chinese way of life has dramatically increased from that time period.

00:12:09.000 The reason why is because they don't care about the return on capital.

00:12:13.000 What they care about is the return on their quality of life on their own industry.

00:12:18.000 So, what I would point to is that the economy, the system, everything needs to be geared towards creating new products, new technologies, new ways of life that actually make it easier not for us to just buy a home, but to be able to move into a home, not have financialization in the credit card industry, sports betting.

00:12:36.000 The best and the brightest of America should not be focused on milking the American consumer for every dollar they have.

00:12:42.000 It should be focused on giving them new products and new ways to improve their lives.

00:12:46.000 It is undeniable right now that the quality of life increase in China dwarfs the quality of life increase in the United States.

00:12:52.000 This is not a veneration of the Chinese system.

00:12:54.000 It's to say that we can do it in a more American way.

00:12:57.000 And it's exactly the way our economy was structured from the 1940s up until the 1970s, before we literally just went runaway, you know, with financialization of our entire economy.

00:13:06.000 So that's my number one way that I would try to fix this system.

00:13:09.000 You're a Marxist, Sager.

00:13:11.000 That's the only binary we're allowed to exist in, right?

00:13:13.000 That if you dare say this, can you comment on that and how that actually makes us a prisoner of kind of a trapped binary when reality, there's hundreds of other little micro decisions and nuances that could improve the country other than, oh, you're some sort of totalitarian Marxist.

00:13:30.000 These are thought terminating clichés.

00:13:32.000 Sager, a minute and a half remaining. 0.98

00:13:34.000 Well, first and foremost, the idea that this is Marxist is ridiculous.

00:13:37.000 Did they say that then? 0.73

00:13:38.000 Is to say President Eisenhower was a Marxist.

00:13:40.000 Is that all of the leaders in that period were Marxist?

00:13:43.000 No, what we are saying is that the United States tax code is a choice, a democratically elected one, that we are able to influence as to how we want our economy structured.

00:13:52.000 That is just pure democracy.

00:13:54.000 It's capitalism.

00:13:55.000 It traces back to the revolutionary populism of Theodore Roosevelt and the original Republican progressive movement.

00:14:01.000 I would actually say there's nothing more anti-Marxist than to say that we need to structure our economy to the benefit of all of our citizens, especially to avoid Marxism.

00:14:10.000 That's what the British ruling class in the 1890s did.

00:14:13.000 And it's also what Teddy Roosevelt, FDR, and many others actually saved America from Marxism, from full-blown communism in the Bolshevik Revolution by making sure they responded to the needs of the people for a more well-regulated capitalism.

00:14:27.000 And when I say that word regulation, I understand that people are worried about it, but they need to really listen and know that all government policy, even if it's in action, is just as much of a choice.

00:14:37.000 We deserve a say in the way that our economy runs.

00:14:40.000 Yeah, we made a decision in the 1980s and 1990s to reconfigure the American economy away from making stuff towards basically high finance, technology, and just a brain economy.

00:14:55.000 We basically discarded the body.

00:14:58.000 And how has that worked?

00:14:59.000 Harder than ever to own a home, harder than ever to pay for your rent.

00:15:02.000 You have to, and by the way, I talked about the buy now, pay later stuff with Tucker at length.

00:15:07.000 We actually went into BNPL, Klarna, a firm, after pay.

00:15:12.000 And I think it's worthy of true examination of what are we actually pointing towards here?

00:15:18.000 Is it markets for market's sake, or is it a nation that we want to build?

00:15:23.000 Sager, I want you to explain to our audience how younger people are viewing the Israeli situation.

00:15:30.000 Outside of all that terrible Jew hate stuff that you and I both don't like on social media, I don't like it. 0.99

00:15:34.000 It's disgusting. 0.99

00:15:35.000 I think it's growing. 0.98

00:15:36.000 And I just think it rots people's brains and it's just gross.

00:15:40.000 So I don't want to get into that.

00:15:41.000 I know that's not even close to what you believe or you're close to it.

00:15:44.000 I also never want somebody that has an heterodox view of the Bibi Netanyahu government to be looped into the Jew hate category just because they're critical of a foreign government, which far too often happens.

00:15:56.000 So what would you say?

00:15:57.000 Because you're very in touch with this.

00:15:58.000 You have a very popular YouTube channel.

00:16:01.000 How are younger Americans, younger people viewing Israel?

00:16:05.000 And what do you wish that more older Americans knew in regards to that?

00:16:09.000 Sagaran.

00:16:10.000 Yeah, I mean, I think it's just very important for people to understand that younger Americans feel that we are not currently in a healthy relationship with the state of Israel.

00:16:18.000 And what I mean by that are the multiple passages of, quote, anti-Semitism and anti-Zionist positions through the House of Representatives, through the extent to which U.S. foreign policy and U.S. politics seems to resolve around this very small nation that's in the Middle East.

00:16:33.000 And there's several different areas of that I could go into if you would like between right and left, because there is a large split between right and left young people.

00:16:40.000 But the horseshoe, if you will, really comes together in thinking that our relationship with this foreign government is not healthy in the way that we discuss it, in the way that we, you know, basically look at the idea that you're allowed to, let's say, serve in a foreign military, including the Israeli military, not lose your citizenship.

00:16:56.000 And in fact, view that as some sort of patriotic act in the way that one of these congressmen in the United States of America actually wore the uniform of a foreign military in the halls of the United States Congress.

00:17:05.000 They view that as very abnormal, I really would say to the least.

00:17:09.000 And at the most, I think what they're really watching is they believe at a fundamental level, and I'm really speaking for right-wing younger Americans here, is I think that what they look at is that the obsession and the, you know, almost subservience, you know, to this foreign nation, at least in terms of rhetoric, in terms of priority, is one that dwarfs any care or concern for the actual American citizen.

00:17:29.000 On the left-wing side, I mean, I can say this because I do host a show with Crystal Ball as well.

00:17:34.000 I think we all have to be honest that the conduct of the Israeli government and the way that it's waged its war on Gaza, we basically have watched effectively is that criticism necessarily of the humanitarian situation of what's happening in Gaza gets conflated at a high rhetorical level with anti-Semitism.

00:17:50.000 Terms like blood libel and others are often applied to pointing out specific actions of the IDF.

00:17:57.000 Let's say in the case of bombing this Catholic church or what they claim was an accident very recently, we could look at several instances, for example, of Palestinian civilians, you know, getting shot while they're coming to aid.

00:18:08.000 Now, the prime minister of Israel and others, they offer differing explanations.

00:18:12.000 However, a lot of those don't fall to scrutiny.

00:18:15.000 And I think it's really unfortunate that we're not allowed to have an honest and a fact-based conversation.

00:18:20.000 I think really all I can prioritize and advocate for here on this show, on my show as well, let's talk about it like it's any other country without a lot of the emotion, without, let's say, some other religion in this respect.

00:18:32.000 You know, we need to instead to look at it in terms of what are we getting out of this relationship?

00:18:38.000 And I think it's very clear that we have a special exception whenever it comes to Israel.

00:18:42.000 It's your right to advocate for that if you would like.

00:18:44.000 And without getting into the realm of Jew hate or anti-Semitism or others, it's just very important to be able to discuss it on its terms without a lot of the labels that start to come in.

00:18:55.000 And I think that's where a lot of right and left-wing young Americans really feel as if their legitimate concerns around these two things are shut down to the point where they're going to be drifting in a very bad direction, Charlie, if really the blinders are not let up on this.

00:19:11.000 Well, and so there's a couple of points that, and as you know, I advocate for America, for Western civilization.

00:19:18.000 I loved my experience in Israel, and I fight up against these ridiculous kids on campus that I think have moral blindness on the topic.

00:19:25.000 And I agree with a lot of what you're saying. 0.94

00:19:28.000 We had an amazing focus group at the Sudan Action Summit, and a lot of our students, we're going to be posting it, by the way, it's about an hour and a half long, and they can't stand this Jew hate stuff, which we have to just stand united against.

00:19:39.000 It's just bad.

00:19:40.000 It's just really low IQ and sloppy. 0.99

00:19:42.000 Like, oh, you know, I have high cholesterol because of the Jews. 1.00

00:19:45.000 I go, okay, great, sure. 0.99

00:19:46.000 I mean, that's just ridiculous. 0.99

00:19:47.000 Or, you know, every bad thing, you know, I have a flat tire because of the Jews. 1.00

00:19:50.000 It just rots your brain. 0.94

00:19:51.000 At the same time, a lot of these younger people, though, they say, guys, why is it that we don't have the same emphasis on the fact that I can't own a home and we talk so much about a foreign country?

00:20:03.000 Do you think that one of the reasons younger people have this view is that they feel as if their needs, wants, and interests are underserved while a foreign nation gets a lot more attention.

00:20:12.000 Yes, I absolutely do.

00:20:14.000 And I would point to the words of Marjorie Taylor Greene, who has been very courageous on this topic.

00:20:18.000 This is a country that has its own universal health care, which has huge amounts of social services.

00:20:23.000 A large percentage of their population is actually excluded from the draft.

00:20:27.000 The United States taxpayer is on the hook for billions of dollars a year to this foreign country, including using the capital of our global empire to backstop its entire security across the world.

00:20:37.000 That's not a normal, a healthy relationship.

00:20:39.000 And it's not one which I think focuses on the needs of Americans.

00:20:43.000 Any final thoughts on that, Sager?

00:20:45.000 And would you think that there is a consensus?

00:20:47.000 I mean, Bibi Netanyahu has come out and said this.

00:20:49.000 Josh Hammer has come out and said this.

00:20:52.000 It's time to kind of just sunset foreign aid and maybe a decoupling so that Israel can be self-reliant and can kind of support itself.

00:20:59.000 Do you think that is a potential way forward?

00:21:01.000 What would, if that actually gets done, do you think that that would go a long way in settling some of this down?

00:21:08.000 Absolutely.

00:21:09.000 I think it would go a long way.

00:21:10.000 But we need an actual decoupling, not just in terms of foreign aid, but in terms of the way that we provide diplomatic cover for a lot of Israeli action, which I would call belligerent action in many cases.

00:21:20.000 And also not to, you know, require the expenditure of tens of billions of dollars a year, the use of three carrier strike groups, for example, when Israel finds itself in a difficult position that they put themselves in.

00:21:31.000 And so an actual and a full decoupling, a treatment of Israel like any other nation on its terms, this is a country which we barely do any bilateral trade with compared to even the top 25 nations that we conduct trade with. 0.67

00:21:44.000 We need to treat it in the same way that we would any other nation, which we have a similar trading relationship, countries like Chile, countries like Switzerland, or any others in terms of what do we get out of this relationship.

00:21:55.000 Right now, we are treating it very, very differently as if it's actually in the top five, not in terms of trade, but also in terms of its strategic interests to the United States.

00:22:04.000 So a full decoupling, which you suggested there, I'm not sure if Prime Minister Netanyahu really believes that, considering a lot of his actions here in the United States, would certainly put us on the right direction.

00:22:14.000 And that's why I'm very supportive of Marjorie Taylor Greene's amendment.

00:22:17.000 I think it's unfortunate she didn't get enough support from her own colleagues.

00:22:20.000 Yeah, I think a financial decoupling is one that needs to be the focus right now.

00:22:25.000 And again, Bibi has said that in some ways, you can make an argument holds Israel back.

00:22:29.000 I think a lot of voters want it.

00:22:31.000 And as far as a military one, the other ones, well, I have to think about that.

00:22:35.000 I don't know if I agree with everything you said, but that's why we have longer podcasts for another time.

00:22:39.000 Sager, thank you so much for your time.

00:22:40.000 Sager and Jetty, please check out Breaking Points.

00:22:42.000 Plug your stuff really quick, Sager. 1.00

00:22:44.000 Breaking Points at Crystal and Sager on YouTube.

00:22:46.000 You can find us anywhere, podcast player.

00:22:48.000 Thanks for having me, Charlie.

00:22:49.000 I appreciate it.

00:22:50.000 Sager, thanks so much.

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00:23:56.000 Yesterday, I was with Tucker Carlson in Maine.

00:24:00.000 We had a phenomenal conversation about something that is not getting much media coverage.

00:24:04.000 And President Donald Trump talked about this in the Oval today in so many words.

00:24:11.000 It's very easy to focus on the stories that are popping up, and we should focus on them.

00:24:17.000 We're going to continue to cover them.

00:24:19.000 But there are sometimes these slow burn stories.

00:24:22.000 There are stories that are not the biggest story until it's the biggest story.

00:24:26.000 One of them is the fact that younger people have had their livelihoods and their futures intergenerationally stolen from them.

00:24:36.000 And we've talked about this for quite some time.

00:24:38.000 And we mean it beyond just the fiscal policy.

00:24:41.000 It's beyond the fact that we're a $37 trillion debtor nation.

00:24:45.000 It's beyond even the student loan debt.

00:24:47.000 It is the quality of life and the purchasing power of every generation decreases.

00:24:52.000 Every generation's dollar goes less and less as far as it did to prior generations.

00:25:00.000 For example, the average home price used to be about three times the median income in America.

00:25:05.000 Now it's seven times the median income in America.

00:25:09.000 Young people are using a thing called BNPL, which is buy now, pay later.

00:25:14.000 It's a financing operation, essentially, to be able to pay for groceries, pay for concert tickets, and it's a way to bypass the traditional credit card companies.

00:25:25.000 Young people are getting into debt, serious debt while they're 20, 21, 22 years old.

00:25:29.000 They're bankrupting themselves also on erroneous betting markets.

00:25:36.000 To have to go and engage in credit to buy groceries, something's seriously wrong.

00:25:41.000 And it's not a problem of growth.

00:25:44.000 This is the contention I made with Tucker Carlson yesterday.

00:25:46.000 And I'm going to play you some pieces of tape here.

00:25:49.000 The economy is growing.

00:25:51.000 It has been growing.

00:25:52.000 And again, this is President Donald Trump's one of his great challenges.

00:25:56.000 And I think he's going to get it done.

00:25:57.000 But boy, this is generational stuff, which is the economy is growing.

00:26:03.000 We have problems that would be and that you would most imply based on the data in front of us is if the economy was shrinking.

00:26:14.000 Here's part of my conversation yesterday with Tucker Carlson.

00:26:16.000 You can listen to the entire conversation on our YouTube channel in an annotated way and also on the Charlie Kirkshow podcast page, but of course, most importantly, on the Tucker Carlson podcast page.

00:26:28.000 Let's play Cut 317.

00:26:29.000 A lot of people over 50 think this is a foreign concept and they think, quite honestly, this is just the complaining of young people that don't want to work.

00:26:37.000 So let me kind of paint this picture.

00:26:39.000 It is harder than ever to own a home.

00:26:41.000 We know this, but how much harder?

00:26:42.000 Back when my parents had to go own a home, the price of a home.

00:26:46.000 How old are your parents?

00:26:47.000 They're early 70s.

00:26:49.000 So late 60s, early 70s.

00:26:51.000 So baby boomers. 0.99

00:26:52.000 Yep.

00:26:53.000 1970s, 1980s.

00:26:55.000 Home prices were on average about three times the average income in America.

00:26:59.000 They are now seven times the average income in America.

00:27:02.000 Rents have gone up inflation adjusted from about $900 a month to now about $1,500 a month.

00:27:09.000 Inflation adjusted.

00:27:10.000 Inflation adjusted.

00:27:11.000 The age of a first-time homebuyer in 2008 was 30 years old.

00:27:17.000 It is now 38 years old.

00:27:19.000 38 years old is the average age of a first-time homebuyer.

00:27:23.000 One of the reasons why this Tucker conversation I think was so important, and I want to drive and direct your attention to it, is that it required a longer form environment to really build this out.

00:27:33.000 This is, and look, I love going on Fox News and was on last night with Jesse Waters.

00:27:38.000 Just can't do this in a three to five minute segment.

00:27:40.000 There's so many complexities and depth and nuances to this.

00:27:44.000 And so, in the longer form, deep dive environment, we were able to paint a picture that if you have a generation that does not own stuff, then all of a sudden political radicalization starts to seep in.

00:27:59.000 I have a question for all of you in the audience, and this should hammer at home.

00:28:03.000 It's from my friend Frank Turek, and I told him as soon as he said it, I said, I'm going to steal this one, Frank.

00:28:08.000 When was the last time you washed a rental car?

00:28:13.000 When you rent a car from Hertz or from Avis, do you wash it?

00:28:16.000 Do you go get the oil checked on that rental car?

00:28:19.000 Of course not.

00:28:20.000 It's not yours, and you know it. 0.68

00:28:23.000 You're borrowing it.

00:28:24.000 And it's no different than how people are living in apartments endlessly until they're 32, 33.

00:28:30.000 They have two kids and they have to rent because the access to the housing market is so impossible.

00:28:37.000 Now, President Donald Trump in the Oval today talked about how people cannot buy homes because interest rates are too high.

00:28:44.000 And he's exactly right.

00:28:45.000 People say all the time, well, Charlie, what is the solution?

00:28:47.000 Because we talked about the problem at length with Tucker Carlson yesterday.

00:28:51.000 What is the solution?

00:28:52.000 One of the solutions is let's lower rates.

00:28:54.000 Once you lower rates, it will open up capital.

00:28:57.000 It will make it easier for young people to borrow and they can get their slice of the American dream.

00:29:02.000 Because once you're in the owner economy, unless you have a financial apocalypse or a cataclysmic event or you're really bad with money, it's very rare do you go from owner to renting.

00:29:15.000 It happens, but once you go from renting to owner and you're in that kind of ownership economy and the mortgages are configured a certain way, the tax code is configured a certain way, and you're in the game.

00:29:28.000 And what's happened is an entire generation, they're making their landlords rich and they're experiencing none of the upside of this economy.

00:29:36.000 Zero, nada, none of it.

00:29:39.000 President Donald Trump was talking about Jerome Powell, too late Jerome Powell, and how high interest rates are a barrier to entry for so many young people in this country, about how they are not able to enter the housing market.

00:29:53.000 And this is why the Tucker-Carlson conversation is so important.

00:29:56.000 Let me play another piece of the Tucker conversation here.

00:29:58.000 Let's play Cut 318.

00:30:00.000 Every generation is getting weaker.

00:30:02.000 So your dollar is actually going, it's going, it's going less and less as far as it has year over year.

00:30:10.000 So then what is the consequence of this?

00:30:12.000 So you have a generation that is renting a lot more than it's owning.

00:30:15.000 So when you do not own something, why would you defend it?

00:30:20.000 And so you find then political radicalization start to seep in because an entire generation is getting routinely cynical year over year as their net worth either stays at zero or goes into negative.

00:30:34.000 Now, my question for every Republican senator and congressman watching this: if you do not know these four letters, then you are not doing your job.

00:30:41.000 B-N-P-L. 1.00

00:30:43.000 Do you know what that means?

00:30:44.000 No clue.

00:30:44.000 Buy now, pay later.

00:30:46.000 Buy now, pay later is how 60%, according to surveys, of Generation Z is paying for things month to month.

00:30:54.000 There is a debt-financed generation, credit-finance generation that's happening below the surface.

00:31:00.000 It is a debtor nation, and you have an entire population, generation that is on the outside looking in. 0.97

00:31:08.000 And that is a prerequisite for a political revolution if we don't turn renters into owners.

00:31:16.000 Private student loan debt in America totals about $300 billion.

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00:31:25.000 Many clients aren't even able to make the minimum monthly payment on their private student loans when they first contact YReFi.

00:31:30.000 Go to whyReFi.com.

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00:31:34.000 You don't have to ignore that mountain of student loan statements on your kitchen table anymore.

00:31:38.000 So go to yrefi.com.

00:31:39.000 Do you have a co-borrower?

00:31:40.000 Well, whyRefi can get them released from the loan and you can give mom or dad a break.

00:31:43.000 Go to yrefi.com.

00:31:45.000 Can you imagine being debt-free and not living under this burden anymore?

00:31:49.000 So go to yrefi.com.

00:31:50.000 That is yrefy.com.

00:31:53.000 Let's face it, if you have distress or defaulted private student loans, there's no better place to go than whyRefi.

00:31:58.000 They provide you with a custom loan payment based on your ability to pay.

00:32:01.000 They're not a debt settlement company.

00:32:03.000 So check it out right now at yrefi.com.

00:32:05.000 May not be available in all 50 states.

00:32:07.000 Go to yrefi.com.

00:32:08.000 That is why.com.

00:32:12.000 I do want to play this one piece of tape here just to kind of conclude the whole segment on housing.

00:32:19.000 Again, if you have a generation that does not own stuff and that is not invested in the economy, political radicalism ensues.

00:32:28.000 And if you are over the age of 60 and you are watching this, you have benefited tremendously from the upside in this economy, tremendously.

00:32:36.000 And it's time that we allow access to the next generation to the same American dream that so many of us, I put myself in that category, have enjoyed.

00:32:45.000 I'm very blessed.

00:32:46.000 We've done very well.

00:32:47.000 But the young people that I represent and the young men that I talk to and women, but mostly men, they are on the outside looking in, and that creates bitterness.

00:32:56.000 That creates resentment.

00:32:58.000 And you're not going to like the politics that comes next.

00:33:01.000 There are two ways this is going to go.

00:33:03.000 Way one is a left-wing confiscate the wealth, burn down the mansions, take over the corporate boardrooms, shoot the CEOs in the street like Luigi Maggioni did.

00:33:15.000 That's where we're going.

00:33:16.000 And honestly, I wish I would have connected the dots to Mangione yesterday at Tucker now that I'm thinking about it.

00:33:20.000 That's probably the one thing I wish I would have mentioned.

00:33:22.000 Because if you want to see a physical manifestation of where this goes, it is street assassinations of CEOs.

00:33:32.000 It's more than redistribution of wealth.

00:33:34.000 It is confiscation of wealth.

00:33:36.000 It's let it burn.

00:33:37.000 It is economic nihilism.

00:33:39.000 Path two hopefully is a way that we can prudentially proceed.

00:33:44.000 We're going to have to rethink how we view economics in the conservative movement, where it might mean at times we might have to adjust tax rates up a little bit while we also cut spending.

00:33:54.000 It might mean that we have to close some loopholes.

00:33:56.000 It might mean that we have to be a little less ideological when it comes to taxes.

00:34:00.000 And maybe we should break up some monopolies.

00:34:02.000 Again, I'm not a Marxist.

00:34:04.000 I'm not a socialist.

00:34:05.000 I'm an American patriot.

00:34:06.000 And I know that if we do not structurally fix this, I don't want AOC, Bernie Sanders, Elizabeth Warren, Rashida Talib, Elon Omar, Zorhan Mamdani running the U.S. economy.

00:34:15.000 And you don't want that either.

00:34:17.000 It's bad for everybody.

00:34:19.000 And people say, oh, you're fear-mongering.

00:34:20.000 No, I'm telling you right now, this generation, if the average home buying age is 38 years old, if the average age of a home buyer is 38 years old, that's probably only going to go up.

00:34:33.000 And so how do we fix it?

00:34:35.000 Well, again, we need more supply of homes.

00:34:37.000 We need less people that are buying them.

00:34:39.000 So deport 20 million people, build 10 million homes. 0.85

00:34:43.000 We need to fix all the regulation around the homes.

00:34:45.000 We also need to use more automation and more robotics and how we actually build the homes, which will bring down the price of homes.

00:34:51.000 But also, we need to cut rates.

00:34:53.000 Now, cutting rates is not everything.

00:34:55.000 Cutting rates is not the entire picture.

00:34:57.000 Cutting rates is not the whole thing because the price is still high, but it will unlock more capital for people that are right on the edge of purchasing a home.

00:35:06.000 Play cut 320.

00:35:09.000 Do you think that Fed Share Drone Powell should resign?

00:35:13.000 I think he's doing a bad job, but he's going to be out pretty soon anyway.

00:35:17.000 In eight months, he'll be out.

00:35:20.000 But he's, I call him too late.

00:35:22.000 He's too late all the time.

00:35:23.000 He should have lowered interest rates many times.

00:35:25.000 Europe lowered their rate 10 times.

00:35:27.000 We lowered ours none.

00:35:29.000 And it's causing a problem for people that want to buy a home.

00:35:32.000 Look, our economy is so strong now.

00:35:34.000 We're blowing through everything.

00:35:35.000 We're setting records.

00:35:36.000 You know that you see that.

00:35:38.000 And whether it's the Philippines or anyone else, we're setting records at levels that nobody's ever seen before.

00:35:43.000 But you know what? 0.83

00:35:44.000 People aren't able to buy a house because this guy is a numbskull.

00:35:49.000 He keeps the rates too high and probably doing it for political reasons.

00:35:54.000 The only time I remember him cutting rates, I mean, he cut the rates just before the election to try and help Kamala or whoever he was trying to help.

00:36:01.000 Homes are inordinately expensive, especially in the Sun Belt.

00:36:06.000 So you need less people that are trying to purchase them, and then you need to build new homes.

00:36:10.000 We need 10 million new homes in the next three years.

00:36:12.000 And I think President Donald Trump is looking at this.

00:36:14.000 And this is where interest rates do play into this.

00:36:16.000 If a developer is going to buy home, build homes, lower interest rates will incentivize him to build more homes.

00:36:23.000 Understand that almost nobody is doing any construction or development on cash only.

00:36:28.000 It's all financed with construction loans.

00:36:30.000 And as someone who knows how those numbers work, if you lower interest rates, there will be more incentive for builders to build homes.

00:36:38.000 You need a lower regulation.

00:36:40.000 You need faster approval. 0.96

00:36:41.000 We need a streamlined Manhattan project.

00:36:43.000 I think President Donald Trump can do operation home speed or operation warp speed for homes.

00:36:50.000 Again, during COVID, he was able to bring people together.

00:36:53.000 And obviously, I don't love the COVID vaccine shot.

00:36:57.000 We all know that.

00:36:58.000 But what he did was rather miraculous as far as a timeline standpoint.

00:37:01.000 We need to expedite how hard and how easy it is to build a home.

00:37:04.000 We need 10 million new homes.

00:37:06.000 We need them in Atlanta.

00:37:08.000 We need them in Phoenix.

00:37:09.000 We need them in Dallas.

00:37:10.000 We need them in Miami.

00:37:11.000 We need them in Tampa.

00:37:12.000 We need them in Orlando.

00:37:13.000 The Sun Belt, especially.

00:37:15.000 In the Midwest, it's a little bit of a problem, but the Sun Belt, it's a housing crisis.

00:37:18.000 We need to make it easier to build homes.

00:37:20.000 We need to build more of them and have it easier for young people to get entry point into the economy.

00:37:26.000 When you own stuff, you're less likely to support Mamdani.

00:37:29.000 Thanks so much for listening, everybody.

00:37:30.000 Email us as always, freedom at charliekirk.com.

00:37:33.000 Thanks so much for listening, and God bless.

00:37:37.000 For more on many of these stories and news you can trust, go to CharlieKirk.com.

The Charlie Kirk Show - July 22, 2025

Are the Kids Actually All Right?

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