The Great America Show - June 12, 2025


Thursday Update： June 12, 2025

Topics
defense medical research producer price inflation
Hosted by
John Fawcett Lou Dobbs
Mentioned
Ron Paul Joe Biden Thomas Massey Pete Hegseth Dick Durbin
Wednesday Update： June 11, 2025 Friday Update： June 13, 2025

Episode Stats


Length

5 minutes

Words per minute

181.14

Word count

961

Sentence count

65

Harmful content

Hate speech

2

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

In his jaw dropping Senate testimony, Pete Hegseth says the Defense Department was spending tens of millions of dollars a year on sticking marbles in the rear ends of cats. In his exchange with Democratic Sen. Dick Durbin, he calls for more money for defense medical research. Producer price inflation is weaker than expected, adding to the evidence that the president's tariffs are not putting upward pressure on inflation.

Transcript

Transcript generated with Whisper (turbo).
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
Topics generated with Qwen2.5-3B-Instruct.
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
00:00:00.000 Hello everybody, I'm John Fawcett with this Great America Show midday update for Thursday, June 12th.
00:00:04.560 Happy Thursday, folks. The weekend is almost here.
00:00:07.100 Pete Hegseth on Capitol Hill today talking about the defense spending bill that he's going to need for his Pentagon,
00:00:14.200 saying the DOD was spending tens of millions of dollars a year sticking marbles in the rear ends of cats
00:00:20.720 in his jaw-dropping Senate testimony.
00:00:23.680 Take a listen to his exchange with Marxist Dem, Dick Durbin.
00:00:26.340 I'll tell you what I've done about it. As chairman of this subcommittee at one point in time,
00:00:30.920 we have dramatically, dramatically increased the medical research to protect the men and women in uniform.
00:00:39.300 As we learn these things, we want to get to the bottom of it as quickly as possible.
00:00:43.120 It is enough for me that they risk their lives for our country.
00:00:46.940 We shouldn't make it a more dangerous situation, and we ought to understand what's going on in their minds
00:00:52.660 and their bodies when they serve.
00:00:54.080 And as a result of that, we have dramatically increased defense medical research.
00:01:00.800 I think we owe it to the men and women in uniform.
00:01:03.460 Your budget cuts two-thirds, two-thirds of that amount for defense health research.
00:01:09.600 How can that be consistent with our mutual goal of making the military life a safer life for our men and women in uniform?
00:01:16.880 Well, Senator, I would take issue with your characterization that all two-thirds of that whatever was reduced
00:01:23.240 is focused on the issues that you just spoke about because those are issues that, as a secretary who's very close to these issues
00:01:29.100 and knows people close to these issues, my team knows that's exactly the type of research that we would fund.
00:01:36.340 But we did find lots of other research inside the Defense Department to the tens and millions,
00:01:42.200 and in some cases hundreds of millions of dollars, that was a boondoggle for the American people.
00:01:47.540 Why do you say, give me an example of a boondoggle in medical research.
00:01:51.600 There are multiple.
00:01:53.100 I mean, we're talking about some stuff I shouldn't say in public.
00:01:57.640 You know, marbles in the rear ends of cats, tens of millions of dollars, things that don't have a connection to what you're talking about.
00:02:08.080 Is this like the 350-year-old Social Security check that the president told us about?
00:02:13.580 Senator, I respect completely the issue that you're speaking with, and this department couldn't be more sympathetic to that
00:02:18.720 and ensure that it's funded.
00:02:19.720 But the Defense Department has been a place where organizations, entities, and companies know they can get money almost unchecked
00:02:29.100 to whether or not it actually applies to things that happen on the battlefield.
00:02:32.880 That's what we worked very hard to find in ways that other secretaries have not.
00:02:37.100 Let me tell you.
00:02:37.960 This committee and others talk about waste, fraud, and abuse all the time.
00:02:41.100 We have actually gone after waste, fraud, and abuse because every dollar that we spent is a dollar we can pour into the world.
00:02:47.180 Eliminating two-thirds of the money for defense health research, put that next to the decision to cut NIH medical research by 40%.
00:02:56.160 Does that make America great again for these military families?
00:02:59.840 I don't think so.
00:03:01.060 $45 million for a parade, for God's sake.
00:03:04.220 Money should be put in defense medical research instead of wasted on some pomp and circumstance for the president.
00:03:10.360 This is not consistent with what the men and women in uniform deserve.
00:03:14.020 What can you expect from the Marxist Dems under the rule of Marxist Dem leader, Joe Biden?
00:03:20.040 Or, as I guess I should say, puppet leader, Joe Biden.
00:03:24.500 Tariff derangement syndrome.
00:03:26.080 It's the new TDS.
00:03:28.100 Bad news for those people who are tariff deranged. 0.97
00:03:30.640 That's right.
00:03:31.260 Rand Paul and Thomas Massey and all those folks against the tariffs.
00:03:35.580 Producer price inflation comes in weaker than expected.
00:03:39.420 That's right, the price of goods and services charged by the United States business rose less than expected in May,
00:03:45.640 adding to the evidence that the president's tariffs are not putting upward pressure on inflation.
00:03:50.780 Just as we told you, folks.
00:03:52.740 The producer price index, the final demand, ticked up 0.1% last month, half of what economists had forecasted.
00:03:59.840 Core producer prices, a metric which excludes food and energy, also rose 0.1%.
00:04:03.420 One-third of 0.3% increase forecasted by economists.
00:04:09.200 Not bad, folks.
00:04:10.440 They told us the tariffs were going to kill the economy.
00:04:12.900 It looks to be doing just the opposite.
00:04:15.100 And the Congressional Budget Office finds that that one big, beautiful bill raises household incomes by cutting taxes.
00:04:20.920 That's right.
00:04:21.700 Don't let Rand Paul lie to you or any of those other rhinos who are going to be voting against the bill. 1.00
00:04:26.540 Not saying Rand Paul's a rhino, but he's a no on the bill.
00:04:29.700 A report from the Congressional Budget Office finds that one big, beautiful bill passed by the House last month
00:04:34.780 would increase household resources across most income distribution, driven overwhelmingly by a reduction in federal taxes.
00:04:43.000 According to that CBO report that was out this afternoon, the average household income would rise from 2026 to 2034.
00:04:50.620 Under that period, under the legislation, it extends key provisions of the 2017 tax reform law
00:04:55.280 and rolls back various health care and climate subsidies.
00:04:58.380 Some households expected to earn as much as $12,000 a year more than previously expected.
00:05:05.840 Folks, please be sure to join us tonight and each and every night for The Great America Show, 6 p.m. Eastern Time.
00:05:10.540 Rumble, YouTube, Twitter, wherever you guys join us for The Great America Show.
00:05:13.460 We'll see you tonight, 6 p.m. Eastern.
00:05:15.660 I'm John Fossett with this Midday Update.
00:05:17.440 Have a great day, everybody.
00:05:18.260 Have a great day, everybody.