The Tucker Carlson Show - April 09, 2024


BONUS EPISODE ｜ The Death of the Dollar ｜ The Clay Travis and Buck Sexton Show

Topics
foreign aid budget debt collapse
Hosted by
Tucker Carlson
Mentioned
Donald Trump Clay Travis Ron DeSantis Joe Biden Valentine
Bryan Johnson The FISA Bill

Episode Stats


Length

13 minutes

Words per minute

172.32

Word count

2,383

Sentence count

143

Harmful content

Hate speech

3

sentences flagged


Summary

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

Clay Travis and Buck Sexton talk about the growing national debt in the U.S. Buck Suxton: We're on pace to have a $54 trillion federal deficit a decade from now . The debt burden will become so heavy that it will crowd out other spending and it will change the lives of the American people in future generations, they say . Tucker Carlson: We want to rally the forces for good, making sense in an insane world .

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 Hey, what's up, Tucker listeners?
00:00:01.840 Clay Travis here from the Clay Travis Buck Sexton Show.
00:00:04.520 Like you, we're huge fans of Tucker Carlson.
00:00:07.040 Known him a long time, both personally and professionally.
00:00:09.660 We always talk about how to get more people on Team Sanity,
00:00:13.380 the untapped masses who favor common sense over craziness. 0.91
00:00:17.460 Hey, this is Buck.
00:00:18.280 Clay and our friend Tucker are exactly right.
00:00:20.220 We want to rally the forces for good, making sense in an insane world.
00:00:23.720 If that sounds like something you want, too,
00:00:25.800 we encourage you to subscribe to our podcast.
00:00:27.920 It's all about strength in numbers.
00:00:29.760 Tucker's a truth warrior, someone we want in our foxhole.
00:00:33.360 But we want you in our foxhole, too.
00:00:35.860 The more of us, the less of them.
00:00:37.300 But how do you get them to see the light?
00:00:39.360 You listen to Tucker.
00:00:40.340 You listen to us.
00:00:41.660 Pretty easy, but also fun, because we get into it every day for three hours.
00:00:47.040 Critical thinking never sounded so good.
00:00:49.120 Subscribe to the Clay and Buck podcast on the free iHeartRadio app
00:00:53.000 or wherever you get your podcasts.
00:00:55.660 And if you haven't checked us out yet, here's a sample of what you'll hear.
00:00:58.420 Welcome to today's edition of the Clay Travis and Buck Suxton show podcast.
00:01:03.480 Buck, I wanted to talk about this because we mentioned it yesterday.
00:01:07.240 The Senate has passed a $95.3 billion payment.
00:01:12.520 Your tax dollars going to fund the border and protect the border of Ukraine, Taiwan, and Israel.
00:01:23.180 Twenty-two, I believe, is the number Republican senators supported this bill.
00:01:29.600 It's now moving on to the House.
00:01:33.240 Yesterday, I was reading.
00:01:35.260 And I just want to ask you, I want all of you to think about this as a broad idea.
00:01:40.960 We are now $35 trillion, roughly, in debt.
00:01:45.660 When the Tea Party started and became an issue, we were at $10 trillion in debt.
00:01:55.320 So we're averaging adding about $1 trillion a year to our national debt.
00:02:02.040 I saw a report from the Congressional Budget Office.
00:02:06.380 I was reading about it yesterday, Buck, that we are on pace to have a $54 trillion federal deficit
00:02:15.180 a decade from now.
00:02:18.180 And my son is 16 years old.
00:02:22.020 He's a sophomore in high school.
00:02:24.600 And he's just starting to study economics.
00:02:28.920 And we were having this conversation recently.
00:02:32.580 The dollar is the default currency for the world.
00:02:38.000 What happens if suddenly our foreign adversaries, who own trillions of dollars in American debt,
00:02:47.120 what happens, Buck, if one day they just decide they're not going to buy the debt
00:02:53.500 that we are constantly issuing out there?
00:02:56.780 What you're talking about is the death of the dollars, the global reserve currency,
00:03:01.840 and the end of American dominance in all respects, including our quality of life
00:03:09.300 that we have gotten very used to in this country, where we can be these massive consumers
00:03:15.020 and get deeply indebted.
00:03:17.920 And it doesn't really affect things for us.
00:03:20.460 I mean, part of the problem is, yes, we complain the economy is not as good now as it should
00:03:24.660 be, but you've spent some time in countries, I'm sure, where you see what real economic
00:03:32.820 deformation looks like or real economic reversal looks like.
00:03:36.920 And it is a shocking thing.
00:03:39.140 It is a devastating thing to that nation.
00:03:40.800 And I think that, unfortunately, right now, we don't have a system that will allow this
00:03:48.960 to turn around.
00:03:50.420 We don't have people who are willing to make decisions today that take the future into account.
00:03:56.480 This is a function of math.
00:03:58.400 Isn't it interesting?
00:03:58.980 There are so many people who are much more concerned about climate, it seems, than about
00:04:03.560 the debt these days.
00:04:05.120 Yeah.
00:04:05.220 One of them is a real thing that is not a real problem, meaning climate is changing.
00:04:10.420 It is always changing.
00:04:11.280 Yes, of course it changes.
00:04:12.320 It bears no real threat to humanity and to us whatsoever.
00:04:15.460 The other thing is a mathematical certainty that the debt burden will become so heavy that
00:04:21.280 it will crowd out other spending and it will change the lives of the American people in future
00:04:27.900 generations in ways that we would really hate to see.
00:04:30.900 And that can, of course, lead to social unrest, civil unrest, all kinds of other problems
00:04:35.020 as well.
00:04:36.160 But I can sit here and talk about it and we can talk about where the debt was in the Tea
00:04:39.880 Party era in 2010 versus where it is now.
00:04:44.520 I think it was, what was it?
00:04:45.880 10 trillion.
00:04:47.000 Yeah.
00:04:47.520 We've added 25 trillion in debt since the Tea Party.
00:04:50.680 So, you know, we talk about this and look, you know, one way that one way that Trump hit
00:04:57.040 Ron DeSantis right away and it was effective was Ron wanted to cut entitlements even among
00:05:02.280 Republicans.
00:05:02.780 This is some real talk.
00:05:03.980 Even among Republicans, you want to win, say you won't touch entitlement spending.
00:05:07.860 You say you won't touch the retirement age.
00:05:09.820 As long as that continues, we're just going to get.
00:05:12.720 I mean, that's for me.
00:05:13.880 I don't want to be overly fatalistic about it, but maybe maybe that's what I'm being until
00:05:18.500 people feel pain, they won't change.
00:05:20.580 And the problem with this is once you start to feel the pain, then the change is really
00:05:23.760 too late.
00:05:24.620 Yeah, it's all too late.
00:05:25.400 And this is where we are.
00:05:26.480 You know, think about that.
00:05:27.360 I mean, Trump has said, I won't touch your Social Security.
00:05:29.720 I won't touch your Medicare.
00:05:31.160 I won't touch, you know, entitlement spending.
00:05:33.460 I won't touch a retirement age.
00:05:35.260 And that's a Republican from outside the establishment.
00:05:38.460 And anyone who would run against him in this primary or anyone who going forward is running
00:05:43.960 as a Republican, they know they'll lose if they say they want to touch any of those
00:05:47.920 things.
00:05:48.160 And you bring that up now.
00:05:48.940 People always say, Clay, I've paid into this my whole life.
00:05:53.120 Social Security is fixable and that's doable.
00:05:55.480 You just make some change.
00:05:56.660 You do a little bit of means testing for rich people and you raise the retirement age a couple
00:06:00.920 of years.
00:06:01.460 You figure out when you do that.
00:06:02.880 You get out the actuarial table.
00:06:04.260 It's not the end of the world.
00:06:05.900 Medicare is a big problem because people say, oh, I've been paying into it.
00:06:09.860 The average person, the average person takes out twice in Medicare spending what they pay
00:06:15.780 and do it over the course of their lifetime.
00:06:17.500 And a vast majority of that spending comes in the last six months of life.
00:06:21.740 Yeah.
00:06:22.180 So we have to fix these things somehow.
00:06:25.520 But no one, you know, you say you want to fix it.
00:06:27.240 You're a bad person.
00:06:28.000 You say you want to change it.
00:06:29.140 You know, you and I are getting older.
00:06:30.800 Well, you know, at some point we're going to want Medicare, too.
00:06:33.160 I want it to be there and I want it to be a functioning program for people.
00:06:37.480 But I don't know, man.
00:06:39.220 We sit here.
00:06:39.780 We talk about it.
00:06:40.400 Look at this foreign spending we're doing.
00:06:42.140 Why are we getting that's why it ties in?
00:06:43.860 That's why it ties into me.
00:06:45.580 Why are we giving any of these countries?
00:06:46.760 And notice, is there anyone who has been more vocally in support of Israel, well, period, 0.77
00:06:53.120 but also since October 7th than we have been on this show?
00:06:56.320 I don't think so.
00:06:56.920 Even yesterday, I tell, there's a little, what do you mean you're talking?
00:07:00.240 Israel is a wealthy country.
00:07:01.500 Why are we giving Israel $16 billion?
00:07:03.520 Why do we give it $3 billion every year?
00:07:05.900 And it's not just Israel.
00:07:06.940 Why are we giving $60 billion to Ukraine?
00:07:09.580 Why do we have the foreign aid budget that we have in total?
00:07:13.280 What are we actually getting for this?
00:07:15.600 I agree completely.
00:07:16.740 And I think it, look, if you want to give to charity, because let's be honest, that's
00:07:23.460 basically what we're doing here.
00:07:25.420 Then most of you, if you ran your household, you wouldn't go in debt to donate to charity.
00:07:33.060 In fact, your husband or wife, if you sat down at the table and you said, hey, for part of
00:07:39.380 our budget this year, I want to give $5,000 in charity on the credit card, every single
00:07:47.880 one of you out there would look at your spouse like they were absolutely insane.
00:07:53.360 If you wouldn't do in your household what the United States government is doing for our
00:08:01.040 entire household, and Buck, I don't see this as Democrat.
00:08:03.640 I don't see this as Republican.
00:08:04.940 I don't see this as independent.
00:08:06.100 To me, anyone voting to give $100 billion, rounding up from $95 or $96 billion, to foreign
00:08:17.320 countries when we are $35 trillion in debt, I think your analogy with global warming is
00:08:25.080 a really good one.
00:08:26.500 One of the biggest issues in life, this is me giving you a little bit of a TED talk, is
00:08:33.600 most people fear things which in reality are not threats to them, and you spend a lot of
00:08:41.360 time being fearful of things that are never going to be an issue in your life.
00:08:46.500 You and I are in our 40s.
00:08:49.140 I've got three kids, 16, 13, and 9.
00:08:53.220 I'm building a beach house.
00:08:54.520 I've said before, I ain't worried about the rising oceans, all right?
00:08:58.380 Maybe it's going to be an issue for my beach house.
00:09:00.340 If so, I was wrong.
00:09:01.460 I'll deal with it.
00:09:02.640 I am insanely worried about the fact that at some point in my kids' lives, maybe even some
00:09:09.620 point in my life, we're going to be $100 trillion in debt.
00:09:14.500 And if you don't think that our adversaries out there are not planning on bankrupting this
00:09:22.400 country, everybody wants to talk about, oh, there's a new threat from Russia.
00:09:27.500 Oh, there's a new threat from China today. 0.99
00:09:29.820 The big looming asteroid that is aimed right for America, that is in danger of obliterating
00:09:37.320 this country, is we're going to have $55 trillion in debt a decade from now, and then just the
00:09:47.060 interest on our national debt is going to become soon the biggest single expenditure that this
00:09:56.080 country has.
00:09:56.940 Well, there's a long history of this, of fiat currency.
00:10:05.040 You can go back and even look at the usage of paper currency in China over 1,000 years
00:10:12.140 ago.
00:10:12.520 I mean, once they start printing it in paper, and once the money has no intrinsic value,
00:10:18.260 it's not backed by anything, what happens?
00:10:20.580 Inflation happens.
00:10:21.460 And inflation, we all know what that does, particularly to those who don't hold assets.
00:10:27.280 And then the political, this is the problem we're in right now, the political mechanism
00:10:31.860 to check it, even in a republic like ours, right, even in a system where the people who
00:10:38.660 are suffering from the inflation, who are suffering from these decisions, are the ones who are supposed
00:10:43.140 to be able to make it right.
00:10:44.220 No one can win and get the power they need to solve the problem, because the person who
00:10:50.620 says, keep eating those treats, they won't make you fat, keep eating a whole chocolate
00:10:55.700 cake every night, there's no problem with it, that person wins, because they're appealing
00:11:00.840 to the immediate, and they're appealing to the sense that I get mine, I'm not worried about
00:11:06.460 what comes down the line.
00:11:08.020 That is what, it is bipartisan in this country, it is the truth, and you're not even really
00:11:13.140 hearing, you know, we're hopefully going to elect a president who's obviously far better
00:11:17.480 than Joe Biden, Donald Trump's not going to touch the debt, anyone take bets on that
00:11:22.000 one, not going to touch the debt, he's going to spend a lot, just, Donald Trump spent six
00:11:26.020 trillion dollars last year in office, everybody, I know it was COVID, I know, oh, we can't
00:11:30.300 blame Trump for anything, look, I love the guy, I'm hoping he's going to be president,
00:11:35.000 but if we're talking about the debt, you know, this is the situation, folks, I don't
00:11:40.340 know, man, I just, I, we are a bummer on Valentine's Day, I just, I, I think it ties
00:11:46.600 in so much with the failure that we have from our elected officials, we are, we are 35 trillion
00:11:55.880 dollars in debt, and they are telling us it's anti-American if we won't take out a hundred
00:12:01.680 billion dollars in additional debt and send it to foreign countries to protect their own
00:12:06.900 border while our border is wide open, and this to a large extent in the Senate is bipartisan,
00:12:12.500 and I just look at it and I say, no one would run their family finances like the United States
00:12:20.720 government does, and just think about it, if you, donating to charity is a fabulous thing
00:12:25.800 to do, if you were donating five thousand dollars to charity on your credit card that you didn't
00:12:31.880 have, and you were going to have to pay interest on that donation, none of you would do it,
00:12:37.920 and if you had a spouse that suggested it, you would tell them that they're crazy, well,
00:12:43.620 but you certainly wouldn't say it's un-American, your analogy is, is actually people are, are
00:12:51.860 saying, hey, let's do something really nice for, for some other family, let's do something
00:12:56.520 really nice for some other family, because it's going on someone else's credit card, and that's
00:13:01.960 what people don't realize, it's actually our credit card, it's the credit, the faith and credit of the
00:13:06.900 American people, and we're all in it together on the dollar, it's not even a partisan thing, I don't
00:13:13.540 want the dollar to collapse for any of us, because then it collapses for all of us. And also, to then
00:13:18.640 argue that if I'm opposed to that, I'm not an American, that it's un-American to be opposed to
00:13:26.320 spending $100 billion on somebody else's border, if we had a budget surplus, that's a conversation
00:13:33.360 we could have, we don't have a budget surplus, in fact, I'm concerned that all of this is going to
00:13:40.280 blow up one day, we're going to try to sell debt, and there ain't going to be a buyer, and what
00:13:46.140 happens then, look out, I mean, look out in a big way.