Verdict with Ted Cruz - August 26, 2022


Reverse Robin Hood


Episode Stats

Length

30 minutes

Words per Minute

158.57661

Word Count

4,847

Sentence Count

307

Misogynist Sentences

7

Hate Speech Sentences

14


Summary


Transcript

00:00:00.000 This is an iHeart Podcast.
00:00:02.460 Guaranteed human.
00:00:04.160 People think that the President of the United States
00:00:06.920 has the power for debt forgiveness.
00:00:09.300 He does not.
00:00:10.560 He can postpone, he can delay,
00:00:13.280 but he does not have that power.
00:00:16.480 That has to be an act of Congress.
00:00:18.860 The President can't do it.
00:00:21.100 So that's not even a discussion.
00:00:23.640 Not everybody realizes that,
00:00:25.120 but the President can only postpone, delay,
00:00:29.140 but not forgive.
00:00:31.120 That is a quote from Democrat House Speaker Nancy Pelosi,
00:00:35.800 27 days before Joe Biden unilaterally forgave student debt.
00:00:41.820 This is Verdict with Ted Cruz.
00:00:49.260 This episode of Verdict with Ted Cruz
00:00:51.420 is sponsored by American Hartford Gold.
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00:02:25.620 Welcome back to Verdict with Ted Cruz.
00:02:28.220 I am Michael Knowles,
00:02:30.580 joined as ever by Senator Cruz.
00:02:33.820 We're so happy to be with all of you
00:02:35.680 and condolences to all of the poor schmucks out there
00:02:38.700 who actually paid off your student debts
00:02:41.020 or your kids' student debts.
00:02:42.980 You really blew it, folks.
00:02:44.220 You could have gotten a freebie,
00:02:45.300 but you did the right thing,
00:02:46.420 and now too bad for you.
00:02:49.240 It's fairly stunning.
00:02:50.740 You know, I'm reminded of Mel Brooks
00:02:53.020 when he observed it's good to be the king.
00:02:55.520 What Joe Biden is doing is completely lawless.
00:02:58.720 So, Senator, I not only take your word for it
00:03:02.320 that this is not legal,
00:03:03.460 I also take Nancy Pelosi's word for it.
00:03:06.500 Never thought I would say that statement.
00:03:08.720 But when's the last time Nancy and I agreed?
00:03:11.320 This might be the one and only time.
00:03:14.000 Joe Biden bringing the country together.
00:03:16.760 I think the argument they tried to make
00:03:19.140 was that this in some way related to the HEROES Act
00:03:23.560 after September 11th.
00:03:25.600 There are all these kind of bizarro,
00:03:28.240 ex post facto explanations of how Biden did this.
00:03:31.100 But I take both of your word for it
00:03:33.140 that it's not really legal.
00:03:34.740 And yet, obviously, he is doing it.
00:03:36.900 So while he might not have the right to do it,
00:03:38.760 he apparently has the power to do it.
00:03:41.480 My question, then, is less about the law
00:03:43.620 and more about the politics of this.
00:03:46.580 Biden, I guess he just thinks he's buying votes
00:03:49.160 in the way that machine politics has often bought votes.
00:03:52.440 Is this going to work in November?
00:03:54.560 Well, let's take those one at a time.
00:03:56.120 On the law question, I think it is clear
00:03:59.220 that he does not have the legal authority to do this.
00:04:01.760 And this week's Cloak Room on Verdict Plus
00:04:03.820 is entirely about that.
00:04:05.820 We do a deep dive into the statutes,
00:04:08.300 into the asserted justifications.
00:04:12.880 The Biden Department of Justice put out a new memorandum
00:04:15.800 from the Office of Legal Counsel
00:04:17.120 trying to claim it had the authority to do this.
00:04:20.440 And so on Cloak Room, I go into the statutes,
00:04:24.180 into the details and explain why all of that is nonsense.
00:04:27.480 And in terms of the politics, I don't know.
00:04:31.600 So there are cross-cutting concerns.
00:04:33.360 And the honest answer is,
00:04:34.580 I don't know how this will play politically.
00:04:38.440 Let me give the argument for why it will play badly
00:04:41.680 for the Democrats,
00:04:42.700 and then I'll give the argument why it'll play well.
00:04:45.320 The argument why it plays badly
00:04:47.180 is that it is reverse Robinhood.
00:04:52.620 Robinhood stole from the rich and gave from the poor.
00:04:55.700 This is Joe Biden stealing from the poor
00:04:57.580 and giving to the rich.
00:04:58.460 And let me give you some statistics.
00:05:00.580 According to Brookings, the left-wing think tank,
00:05:05.240 the median income of households with student loans
00:05:08.080 is 76,400.
00:05:10.800 Only 7% of those are below the poverty line.
00:05:13.460 And so these are not typically the poor
00:05:16.340 that we're talking about that have student loans.
00:05:18.400 But look, they've gone to college or grad school.
00:05:20.280 So that tends to move you up
00:05:22.520 in the income strata to begin with.
00:05:26.640 Among those making payments on their loans.
00:05:29.440 So if you exclude the people
00:05:30.660 who aren't making any payments
00:05:31.740 and you focus just on those making payments
00:05:34.720 on their loans,
00:05:36.020 the median income is $86,500.
00:05:38.780 So that's starting to get up there.
00:05:42.140 And only 4% are in poverty.
00:05:46.960 Overall, the top 40% of American households
00:05:51.600 hold 60% of the student loans.
00:05:55.660 How many Americans have degrees?
00:05:57.660 Well, 37% of Americans have a bachelor's degree.
00:06:00.860 And 14% of Americans have a graduate
00:06:03.700 or professional degree.
00:06:04.720 That's according to the Census Bureau.
00:06:05.920 And the unemployment rate
00:06:08.220 for college graduates right now is 2.9%.
00:06:11.080 Approximately 87% of American adults
00:06:15.560 do not have student loans.
00:06:18.280 So it is benefiting
00:06:20.400 a relatively small, discreet class.
00:06:24.500 This could play very badly for Joe Biden
00:06:28.860 if the people who are paying for it
00:06:31.460 are pissed off.
00:06:32.380 You know, this will cost
00:06:35.920 every taxpayer on average $2,100
00:06:38.640 to give away this money.
00:06:40.600 Well, Senator, do you remember
00:06:41.600 a couple of years ago,
00:06:42.880 there was a voter,
00:06:44.620 a constituent on the campaign trail.
00:06:46.600 He approached Liz Warren,
00:06:48.220 your colleague,
00:06:49.020 when Senator Warren was pitching
00:06:51.120 student loan forgiveness.
00:06:52.780 And he didn't like the idea.
00:06:54.480 I just want to ask one question.
00:07:06.700 My daughter's getting out of school.
00:07:08.260 I've saved all my money.
00:07:09.300 She doesn't have any student loan.
00:07:11.200 Am I going to get my money back?
00:07:12.440 Of course not.
00:07:13.320 So you're going to pay for people
00:07:14.680 who didn't save any money.
00:07:16.900 And those of us that did the right thing
00:07:18.400 get screwed.
00:07:19.400 No, it's not even.
00:07:20.700 Of course we did.
00:07:21.740 My buddy had fun,
00:07:22.660 bought a car,
00:07:23.220 went on vacations.
00:07:24.400 I saved my money.
00:07:25.740 He made more than I did.
00:07:27.160 But I worked a double shift,
00:07:28.760 worked extra.
00:07:29.480 My daughter works you just 10.
00:07:31.100 So you're laughing.
00:07:32.760 Yeah, that's exactly what you're doing.
00:07:34.380 We did the right thing
00:07:35.480 and we get screwed.
00:07:36.640 I appreciate it.
00:07:37.160 That's all right.
00:07:39.740 It didn't look like that was
00:07:41.100 playing very well in Peoria.
00:07:42.720 So I do think folks like that guy
00:07:45.300 questioning Elizabeth Warren
00:07:46.560 are going to be pissed off.
00:07:47.800 I do think steel workers
00:07:50.920 and truck drivers
00:07:51.960 and plumbers
00:07:52.800 have a reason to be pissed off.
00:07:55.160 All of this could bounce badly
00:07:57.260 for Democrats.
00:07:58.700 Now let me give you the flip argument.
00:08:01.220 It may be a political
00:08:02.700 masterstroke.
00:08:05.440 Why is that?
00:08:07.100 There's a school of thought
00:08:09.840 in economics
00:08:10.420 that's called public choice theory.
00:08:12.460 And public choice theory
00:08:14.100 examines how decision making
00:08:16.060 is made
00:08:16.800 in a democratic society.
00:08:18.640 And essentially what it focuses on
00:08:20.900 is when you have
00:08:22.480 a relatively small group
00:08:24.180 with a concentrated benefit
00:08:27.600 and you have a large group
00:08:30.380 with a diffuse harm,
00:08:33.500 the small group cares a lot about it
00:08:36.480 and the large group typically doesn't.
00:08:40.240 And so look,
00:08:41.320 there is a real risk.
00:08:42.720 If you are that slacker barista
00:08:45.900 who wasted seven years in college
00:08:49.400 studying completely useless things,
00:08:51.380 now has loans
00:08:52.420 and can't get a job,
00:08:54.520 Joe Biden just gave you 20 grand.
00:08:56.880 Like holy cow, 20 grand.
00:08:58.600 That, you know,
00:08:59.400 maybe you weren't going to vote in November
00:09:00.880 and suddenly you just got 20 grand
00:09:02.720 and, you know,
00:09:03.240 if you can, you know,
00:09:04.080 get off the bong for a minute
00:09:05.300 and head down to the voting station
00:09:07.200 or just send in your mail-in ballot
00:09:10.300 that the Democrats have helpfully sent you.
00:09:13.560 It could drive up turnout,
00:09:16.460 particularly among young people.
00:09:19.920 And the people who are getting screwed,
00:09:22.200 it's not necessarily the case
00:09:25.040 that they understand
00:09:25.980 they're getting screwed.
00:09:27.320 It's a little more diffuse
00:09:28.840 of I'm paying taxes,
00:09:30.460 but it's not like you get a bill
00:09:34.100 in October,
00:09:36.740 dear Michael,
00:09:37.460 send in your $2,100
00:09:38.820 to pay for
00:09:40.360 slacker boys' loans getting forgiven.
00:09:44.080 When I think of the,
00:09:45.560 whatever,
00:09:45.960 the estimated $300 billion
00:09:48.080 to $600 billion
00:09:49.400 that this could cost,
00:09:50.620 we don't have a really firm number yet.
00:09:52.300 I think, yeah,
00:09:53.100 that's a lot of money,
00:09:54.880 but in the perspective
00:09:56.720 of all the other money
00:09:58.660 that the federal government spends,
00:09:59.840 it's just not going to make
00:10:01.600 a huge difference.
00:10:02.660 So that is one great fear.
00:10:04.900 And then the other fear,
00:10:06.720 long-term,
00:10:07.520 as to whether or not
00:10:08.800 this is a Democrat
00:10:09.540 political masterstroke,
00:10:11.200 is you've now created
00:10:12.600 a system of incentives
00:10:14.000 whereby people will be more likely
00:10:17.240 to go to college,
00:10:18.000 assuming that they're not going to have
00:10:19.860 to pay back their loans,
00:10:20.900 assuming that the big daddy government
00:10:22.360 is going to come in
00:10:23.120 and take care of them
00:10:24.420 whenever a Democrat
00:10:25.140 is in the White House.
00:10:26.540 And the thing we know
00:10:27.380 about college these days
00:10:28.700 is it doesn't train you for jobs,
00:10:31.000 it doesn't give you
00:10:32.060 a liberal education.
00:10:32.960 That seemed to go out the window
00:10:34.600 decades ago.
00:10:35.760 All it really seems to do
00:10:37.400 is make people more likely
00:10:39.640 to vote for Democrats.
00:10:41.140 So forgetting even about
00:10:42.600 the midterm elections
00:10:43.380 or 2024,
00:10:44.320 in the long term,
00:10:45.560 as a result of this education bill
00:10:47.740 that almost certainly
00:10:48.760 will not result in any
00:10:49.980 real additional education
00:10:52.120 for people,
00:10:53.020 you could have Democrats
00:10:53.940 grooming a whole new generation
00:10:55.560 of voters to be more likely
00:10:56.800 to support them.
00:10:58.160 Well, I think that's possible.
00:10:59.680 I think there's another effect
00:11:00.920 that this act
00:11:02.760 is going to drive up inflation,
00:11:04.280 I think, significantly.
00:11:06.540 You know, it's amazing
00:11:07.780 between this
00:11:08.720 and the Build Back Broke bill
00:11:10.000 they just jammed through.
00:11:11.360 The Democrats have just spent
00:11:12.420 another trillion dollars.
00:11:13.620 Inflation is the number one issue
00:11:15.060 in the country
00:11:15.700 and they're just pouring gasoline on it.
00:11:20.100 You know, we just saw
00:11:21.680 today the Wall Street Journal
00:11:24.080 reported that home mortgage rates
00:11:26.480 have jumped up even more
00:11:28.460 to five and a half percent.
00:11:30.880 You know, look,
00:11:31.300 that's real economic pain
00:11:33.400 for a first-time homebuyer,
00:11:34.900 for that matter,
00:11:35.760 anyone trying to buy a home.
00:11:40.440 One of the effects
00:11:41.540 of the inflation
00:11:42.280 most concentrated
00:11:43.620 is going to be
00:11:45.040 on college tuition.
00:11:46.980 You know, everyone,
00:11:47.980 this does nothing
00:11:48.940 about the crisis.
00:11:49.800 I actually agree
00:11:50.480 there's a student loan problem
00:11:52.080 because universities
00:11:53.520 are engaged
00:11:55.140 in hyperinflation.
00:11:56.380 You know, they've got,
00:11:57.200 you know,
00:11:57.460 your and my alma maters
00:11:58.660 have endowments,
00:12:00.440 you know,
00:12:01.680 30, 40, 50 billion dollars
00:12:04.320 and yet they're bilking students
00:12:06.060 out of massive amounts.
00:12:07.500 They keep jacking up
00:12:08.400 the prices
00:12:08.880 year after year
00:12:10.100 after year
00:12:10.760 and they've got
00:12:11.260 tenured faculty
00:12:12.080 who teach one class.
00:12:13.460 They've got, you know,
00:12:15.000 50 diversity administrators
00:12:19.400 who all make
00:12:20.800 six-figure checks.
00:12:21.960 This is the very worst
00:12:23.660 of leftist politics,
00:12:26.520 which is they take care
00:12:29.000 of their friends
00:12:30.560 and they give them money.
00:12:32.120 You look at this
00:12:32.760 Build Back Broke bill
00:12:33.660 where they paid off
00:12:34.540 all these left-wing
00:12:35.420 environmentalist groups
00:12:36.420 who are just making
00:12:38.200 billions of dollars
00:12:39.280 and all the Washington lobbyists
00:12:40.540 that are making
00:12:40.940 billions of dollars.
00:12:41.920 They take care
00:12:42.680 of their friends
00:12:43.280 and they screw
00:12:44.400 their enemies.
00:12:45.020 I mean, for the left,
00:12:47.920 it is a zero-sum game
00:12:50.180 of reward and retribution
00:12:52.340 and it creates
00:12:54.120 a vicious cycle
00:12:55.260 where all the people
00:12:57.020 they're paying off
00:12:58.040 are then going to
00:12:59.280 keep trying to
00:13:00.420 keep the people
00:13:02.060 paying them off in power.
00:13:03.140 I'm reminded of one
00:13:03.840 of my favorite
00:13:04.340 Simpsons episodes
00:13:05.320 where Grandpa Simpsons
00:13:09.280 has been getting checks
00:13:10.580 for, I think it was having
00:13:12.900 like an itchy
00:13:13.980 and scratchy cartoon
00:13:15.060 or something
00:13:15.580 and he hadn't done it.
00:13:16.540 It was a mistake.
00:13:18.080 And Lisa says,
00:13:19.840 well, Grandpa,
00:13:20.680 didn't you think
00:13:21.580 it was strange
00:13:22.440 that you were getting
00:13:23.840 checks in the mail
00:13:24.720 for not having done anything?
00:13:26.740 And he says,
00:13:27.480 no, Lisa,
00:13:28.160 I just figured
00:13:28.920 the Democrats
00:13:29.520 were back in power.
00:13:33.020 Well, speaking of
00:13:34.600 the friends of the Democrats
00:13:36.000 and actually speaking
00:13:38.100 of your ability,
00:13:39.700 you know,
00:13:40.000 to send your kids
00:13:40.760 to school
00:13:41.180 and to make any money
00:13:42.540 at all,
00:13:43.280 Senator,
00:13:43.460 I don't know
00:13:43.860 if you saw this headline,
00:13:45.340 but someone is coming
00:13:46.200 for your job.
00:13:47.700 You have got
00:13:48.260 a major figure,
00:13:49.740 at least according
00:13:50.240 to CNN
00:13:50.720 and MSNBC,
00:13:52.240 coming after you.
00:13:53.760 The future
00:13:54.360 former Congress lady,
00:13:56.180 Liz Cheney,
00:13:57.160 is launching
00:13:58.000 a political action committee.
00:13:59.820 She's targeting,
00:14:00.600 not Democrats,
00:14:01.480 of course,
00:14:01.780 she's targeting Republicans.
00:14:03.640 And you, sir,
00:14:05.140 are at the top
00:14:05.800 of the list.
00:14:07.840 Well, you know,
00:14:09.100 you can tell a lot
00:14:10.360 about a person
00:14:11.040 by their friends
00:14:11.840 and you can tell
00:14:12.420 even more
00:14:12.860 by their enemies.
00:14:14.640 Listen,
00:14:15.180 I got to say,
00:14:15.980 Liz Cheney,
00:14:16.620 I've known Liz
00:14:17.500 a long time.
00:14:18.160 I've known her
00:14:18.600 20 plus years.
00:14:21.180 There are some people
00:14:22.580 who Donald Trump
00:14:24.700 just broke,
00:14:25.880 that they just,
00:14:27.280 they hate Trump
00:14:28.920 so much
00:14:30.100 that their mind
00:14:32.020 went on Fritz.
00:14:33.040 And I got to say,
00:14:34.120 Liz is unrecognizable.
00:14:35.780 She has become
00:14:36.540 a left-wing Democrat now.
00:14:37.940 And like 10 years ago,
00:14:39.620 the idea that Liz Cheney
00:14:40.840 was a left-wing Democrat
00:14:41.700 would have been ludicrous.
00:14:42.940 Obviously,
00:14:43.300 her dad was Dick Cheney.
00:14:45.080 He was a conservative Republican.
00:14:47.040 She was,
00:14:47.940 look,
00:14:48.200 they're both
00:14:48.920 too neoconny for me.
00:14:51.580 They're both too eager
00:14:52.600 to get us involved
00:14:53.660 in foreign wars.
00:14:55.000 But that being said,
00:14:56.760 on taxes,
00:14:58.260 on social issues,
00:15:00.420 on most issues,
00:15:01.800 Liz Cheney
00:15:02.420 was a down-the-road
00:15:03.900 conservative Republican.
00:15:06.600 And by the way,
00:15:07.340 that's where Wyoming is.
00:15:08.720 And then Trump
00:15:09.760 came into power
00:15:10.660 and her mind
00:15:12.800 just shattered.
00:15:13.960 And she,
00:15:15.080 what's amazing
00:15:15.720 is that she's become,
00:15:17.500 it's not even just
00:15:18.600 that she says,
00:15:19.240 okay,
00:15:19.620 I don't like Donald Trump.
00:15:21.020 Like,
00:15:21.240 I don't like his,
00:15:22.440 what he says.
00:15:23.020 I don't like how he acts.
00:15:24.020 That's,
00:15:24.400 I understand someone
00:15:25.400 who says that.
00:15:26.060 I don't like everything
00:15:26.700 he says and does.
00:15:27.420 I like the policies
00:15:28.280 we enacted together.
00:15:29.300 I worked closely
00:15:29.860 with him on that.
00:15:30.980 But she doesn't limit it
00:15:32.280 to that.
00:15:32.780 It's like Bill Kristol
00:15:33.860 as someone else,
00:15:34.600 like Liz Cheney
00:15:36.960 who has just become
00:15:39.220 a liberal Democrat
00:15:40.020 who,
00:15:40.400 what they say,
00:15:41.400 you know,
00:15:41.740 Cheney's circus act
00:15:45.020 on the January 6th commission
00:15:46.920 is indistinguishable
00:15:49.060 from what Nancy Pelosi
00:15:50.060 would say.
00:15:50.720 It's indistinguishable
00:15:51.680 from what Chuck Schumer
00:15:52.560 would say.
00:15:53.840 And so,
00:15:54.820 we just had the primary
00:15:55.980 and in Wyoming
00:15:58.800 and,
00:15:59.200 you know,
00:16:00.480 she had won by,
00:16:02.200 I don't know,
00:16:02.540 70,
00:16:02.920 80% last time around
00:16:04.320 in the primary.
00:16:05.540 This time,
00:16:06.360 she didn't just lose,
00:16:07.300 she lost
00:16:07.960 by almost 40 points.
00:16:10.020 39 points
00:16:10.980 is what she lost by.
00:16:12.740 And the reason is simple.
00:16:14.900 She doesn't represent
00:16:16.080 the people of Wyoming anymore.
00:16:17.440 The people of Wyoming
00:16:18.320 are conservative.
00:16:19.540 And she's decided
00:16:21.020 she is a Washington,
00:16:22.420 D.C.,
00:16:23.340 left-wing Democrat now.
00:16:24.800 And so,
00:16:25.020 it's completely unsurprising,
00:16:27.040 you know,
00:16:27.320 right after she gets
00:16:28.460 just trounced
00:16:30.560 by the voters.
00:16:32.320 Yeah.
00:16:32.420 There's no remorse.
00:16:33.420 There's no contrition.
00:16:34.500 There's no,
00:16:35.100 gosh,
00:16:36.220 you know,
00:16:36.780 for some reason
00:16:38.660 the people of Wyoming
00:16:39.480 don't think I'm
00:16:40.400 representing them anymore.
00:16:41.480 There's none of that.
00:16:42.900 It is instead,
00:16:44.060 she says,
00:16:44.500 it's her mission
00:16:45.280 to do what?
00:16:46.520 Defeat conservative Republicans.
00:16:48.160 And I guess
00:16:48.740 it's a badge of honor
00:16:49.540 that I'm the number one person
00:16:50.780 on her list
00:16:51.380 that she's going to take
00:16:52.900 the PAC money she raised,
00:16:54.280 and I think she's got
00:16:54.800 like seven,
00:16:55.220 eight million dollars
00:16:55.980 that came from
00:16:58.460 lefty Democrats
00:16:59.500 all over the place.
00:17:01.540 And she's going to use
00:17:02.840 that now to attack Republicans.
00:17:04.600 And listen,
00:17:06.020 there are two things
00:17:06.880 Liz Cheney is doing.
00:17:08.620 Number one,
00:17:09.520 she's got a fundraising grift
00:17:10.960 where she will raise money,
00:17:13.280 like the Lincoln Project.
00:17:14.280 Lincoln Project
00:17:14.800 is a great example
00:17:15.840 where it's a fundraising grift
00:17:17.440 of people who used to be
00:17:19.620 kind of,
00:17:20.000 sort of Republicans
00:17:20.740 who now make millions
00:17:22.480 of dollars
00:17:23.000 when they're not engaged
00:17:24.480 in other illicit activities,
00:17:26.780 now make millions of dollars
00:17:28.340 raising money
00:17:29.700 from lefties
00:17:30.500 to attack Republicans.
00:17:31.560 And they're,
00:17:32.460 to use that phrase,
00:17:33.480 useful idiots,
00:17:34.860 because their attacks
00:17:36.760 arguably have some salience
00:17:39.360 because they can say,
00:17:40.240 I was once a Republican,
00:17:41.480 now I can be a left-wing Democrat
00:17:42.800 and attack them.
00:17:43.880 So she'll engage
00:17:44.780 in a fundraising grift
00:17:45.900 for a while.
00:17:47.380 My guess is
00:17:48.420 she probably runs
00:17:49.280 for president.
00:17:50.600 She gets crushed.
00:17:51.560 And then she will
00:17:55.360 happily retire
00:17:56.460 to being a commentator
00:17:57.920 on either MSNBC
00:17:59.200 or CNN.
00:17:59.940 I don't know which one
00:18:00.740 it'll be.
00:18:01.820 Or maybe Mother Jones.
00:18:03.380 I mean,
00:18:03.760 I think those are her choices.
00:18:05.660 Now,
00:18:06.020 Senator,
00:18:06.820 speaking of large amounts
00:18:08.180 of money
00:18:08.740 and empowering
00:18:10.000 bad forces,
00:18:11.780 the Iran nuclear deal
00:18:12.920 seems to be
00:18:13.780 back on the table.
00:18:15.160 The Obama administration
00:18:16.080 crafted this deal
00:18:17.180 and sent pallets
00:18:18.000 of cash
00:18:18.540 to Iran
00:18:19.220 and paid
00:18:21.040 obeisance to Iran
00:18:22.040 after they captured
00:18:22.800 our sailors
00:18:23.360 and set them on the path
00:18:24.560 to getting a nuclear weapon,
00:18:25.640 all of which was
00:18:26.340 very, very bad.
00:18:27.400 And then Obama leaves,
00:18:28.720 Trump comes in,
00:18:29.880 and the Republicans
00:18:31.080 and Trump
00:18:31.780 tear up the Iran nuclear deal.
00:18:34.080 Now,
00:18:34.900 Biden seems to be
00:18:36.120 reviving it,
00:18:37.260 although the details
00:18:38.140 are a little bit unclear.
00:18:39.840 I know you've been
00:18:40.280 very, very involved
00:18:41.320 in this issue.
00:18:42.540 What do we need to know?
00:18:43.840 Look,
00:18:44.320 Biden is desperate
00:18:45.280 to announce
00:18:46.020 an Iran deal,
00:18:46.940 and he doesn't care
00:18:47.500 what the substance is.
00:18:48.400 He is willing
00:18:49.580 to give the Ayatollah,
00:18:50.860 I think,
00:18:51.300 literally anything
00:18:52.620 the Ayatollah wants.
00:18:54.680 It is a political mission
00:18:57.760 for Biden
00:18:58.380 and the White House.
00:19:01.480 And to say
00:19:02.580 it is indefensible,
00:19:04.540 you know,
00:19:04.720 it was a year ago
00:19:05.420 that Biden surrendered
00:19:06.400 to the Taliban
00:19:07.020 in Afghanistan.
00:19:08.600 Biden is right now
00:19:09.560 trying to give
00:19:10.700 Iran and the Ayatollah
00:19:12.240 nuclear weapons.
00:19:13.380 That is the effect
00:19:14.640 of the deal
00:19:15.240 that they are negotiating,
00:19:17.300 is to make it
00:19:17.900 inevitable
00:19:18.320 that Iran
00:19:18.980 has nuclear weapons.
00:19:19.980 And let's be clear,
00:19:21.820 the Ayatollah
00:19:22.880 leads chants
00:19:24.420 of death
00:19:25.920 to America
00:19:26.680 and death
00:19:27.860 to Israel
00:19:28.400 with thousands
00:19:29.780 of people.
00:19:30.360 In fact,
00:19:31.280 every year
00:19:32.180 they celebrate
00:19:32.980 in Iran
00:19:33.760 what they call
00:19:34.320 Death to America Day.
00:19:36.080 And that is,
00:19:37.800 it is the anniversary
00:19:39.360 of the Islamic Revolutionary Guard
00:19:43.780 taking American hostages
00:19:45.380 in 1979
00:19:46.320 in Iran.
00:19:48.480 And that is,
00:19:49.380 in effect,
00:19:50.360 a national holiday
00:19:51.320 where they celebrate it
00:19:52.440 in Iran every day.
00:19:53.900 Right now,
00:19:54.760 today,
00:19:55.440 the current Ayatollah,
00:19:57.960 Khomeini,
00:19:59.460 is actively trying
00:20:01.360 to murder
00:20:01.980 the former Secretary of State
00:20:03.900 of the United States,
00:20:04.780 Mike Pompeo,
00:20:05.460 the former National Security Advisor
00:20:07.920 in the White House,
00:20:08.800 John Bolton,
00:20:09.980 and another State Department official,
00:20:13.100 Brian Hook.
00:20:13.660 All three of them
00:20:14.740 have hit squads
00:20:17.200 being paid for
00:20:18.420 by the Iranian government
00:20:19.720 actively trying
00:20:21.200 to murder them.
00:20:22.000 And you may recall
00:20:22.960 a couple of months ago,
00:20:25.020 Tony Blinken,
00:20:25.640 the Secretary of State,
00:20:26.540 was testifying
00:20:27.340 in the Senate
00:20:27.900 Foreign Relations Committee.
00:20:28.880 and I asked him
00:20:30.000 in the hearing,
00:20:30.540 I said,
00:20:31.660 is it true
00:20:33.180 that the State Department
00:20:35.320 is right now
00:20:36.960 paying
00:20:37.540 $2 million
00:20:38.900 a month
00:20:40.380 for security
00:20:42.840 for Pompeo
00:20:44.360 and Hook
00:20:44.680 to protect them
00:20:45.500 from Iranians
00:20:46.180 trying to murder them?
00:20:46.980 He said,
00:20:47.200 yeah,
00:20:47.400 that's true.
00:20:49.100 And I said,
00:20:49.940 is it true
00:20:50.520 that as you were
00:20:51.100 sitting down
00:20:52.100 in Vienna
00:20:52.720 negotiating
00:20:53.420 with the Iranians
00:20:55.000 that
00:20:56.340 the Biden State Department
00:20:58.040 asked the Iranians,
00:20:59.060 hey,
00:20:59.620 would you guys
00:21:00.720 stop actively
00:21:02.020 trying to murder
00:21:03.000 former senior
00:21:04.780 U.S. government officials?
00:21:07.000 And that they said,
00:21:08.460 no,
00:21:09.460 no,
00:21:09.960 we will not
00:21:10.760 stop trying
00:21:11.680 to murder them.
00:21:13.080 And you still
00:21:14.020 sat there and said,
00:21:14.800 okay,
00:21:15.020 well,
00:21:15.180 let's keep negotiating.
00:21:17.000 And Blinken
00:21:18.260 backpedaled
00:21:19.820 and he obfuscated.
00:21:22.380 He didn't want
00:21:22.660 to answer that question
00:21:23.480 because the answer
00:21:24.140 is yes.
00:21:25.380 And about the only thing
00:21:26.240 I got candor
00:21:26.880 from Blinken on
00:21:27.580 is I said,
00:21:28.140 my next question
00:21:28.880 was I said,
00:21:30.020 Mr. Secretary,
00:21:32.160 would you agree
00:21:33.420 that trying
00:21:35.120 to murder
00:21:35.700 the U.S.
00:21:36.340 Secretary of State
00:21:37.240 is a pretty big
00:21:37.880 damn deal?
00:21:40.200 And Blinken
00:21:41.060 was forced
00:21:42.360 to laugh
00:21:42.940 and say,
00:21:43.300 yeah,
00:21:43.460 okay,
00:21:43.700 that is a big deal.
00:21:45.820 But who among us?
00:21:46.640 But it doesn't stop Biden.
00:21:47.000 Who among us?
00:21:47.620 Yeah.
00:21:49.020 It is
00:21:50.680 ludicrous.
00:21:52.560 Here's some good news.
00:21:54.280 Hmm.
00:21:55.600 The chances
00:21:56.440 that the next
00:21:58.580 Republican president,
00:21:59.700 which I think
00:22:00.200 will be in 2025,
00:22:02.200 will rip up
00:22:03.060 whatever ridiculous deal
00:22:04.700 these guys negotiate,
00:22:06.960 I think they're
00:22:07.660 very close
00:22:08.180 to 100%.
00:22:08.920 And that's something
00:22:10.200 I'm trying to make
00:22:11.200 very,
00:22:12.000 very clear.
00:22:12.700 I'm trying to lay
00:22:13.340 the basis for it,
00:22:14.700 lay the factual
00:22:15.360 predicate for it.
00:22:17.120 The Ayatollah,
00:22:17.900 the biggest thing
00:22:18.620 the Ayatollah wants
00:22:19.540 in agreement
00:22:20.020 is some sort of promise
00:22:21.240 that will bind
00:22:21.880 the next president
00:22:22.640 because Trump,
00:22:23.700 the most important
00:22:24.680 national security decision
00:22:25.900 he made
00:22:26.580 was to tear up
00:22:27.680 the old Iran deal.
00:22:29.380 The next Republican president,
00:22:30.960 whoever it is,
00:22:31.620 I think there's
00:22:32.100 widespread agreement,
00:22:33.640 whoever the next
00:22:34.340 Republican president is,
00:22:35.940 will tear up
00:22:36.800 whatever disastrous
00:22:37.780 deal this is.
00:22:39.640 That's a very good thing.
00:22:41.400 And, you know,
00:22:43.300 look,
00:22:43.540 one of the things
00:22:44.300 that the Biden team
00:22:45.960 is desperately trying
00:22:46.880 to find
00:22:47.360 is some way
00:22:48.440 to tie the hands
00:22:50.140 of the next president.
00:22:51.140 I don't think
00:22:51.500 they'll succeed,
00:22:52.680 but they're trying
00:22:53.620 to write into
00:22:54.340 the agreement clauses
00:22:55.600 that, you know,
00:22:57.240 hand over
00:22:57.960 a massive amount
00:22:58.760 of money
00:22:59.100 if the next
00:22:59.600 administration pulls over.
00:23:00.900 They're trying
00:23:01.280 to put poison pills
00:23:03.540 in there
00:23:03.960 to prevent
00:23:04.480 the next administration
00:23:05.520 from pulling out.
00:23:07.320 We'll see
00:23:08.040 what they come up with,
00:23:09.100 but I think,
00:23:10.080 regardless,
00:23:10.740 the next president
00:23:11.400 is pulling out
00:23:12.120 of this disastrous deal
00:23:13.220 because allowing
00:23:14.680 the Ayatollah
00:23:15.320 to have a nuclear weapon
00:23:16.520 is an unacceptably
00:23:19.780 high risk
00:23:20.400 that that weapon
00:23:21.080 would be used
00:23:22.000 to murder
00:23:22.560 millions of Americans.
00:23:24.040 You know,
00:23:24.560 the Biden administration
00:23:25.300 is clearly working
00:23:26.460 overtime in this regard,
00:23:28.360 but Gen Z
00:23:30.440 is not working overtime,
00:23:31.580 and I know
00:23:32.480 that we are going overtime,
00:23:33.860 but I have to get
00:23:34.580 your opinion on this.
00:23:36.060 This is completely
00:23:36.980 outside of the Iran deal
00:23:38.920 or even the education bill.
00:23:40.560 This is just
00:23:41.060 a cultural matter,
00:23:42.000 but it really shocked me.
00:23:43.100 I was reading
00:23:43.300 in the Wall Street Journal
00:23:44.160 that there is a trend
00:23:45.400 that has taken over TikTok
00:23:47.000 and all sorts
00:23:48.560 of commentary
00:23:49.640 among the Zoomers,
00:23:50.820 among Gen Z,
00:23:51.700 you know,
00:23:51.840 the people younger
00:23:52.700 than millennials,
00:23:53.820 which is the trend
00:23:54.760 of quiet quitting.
00:23:56.560 And quiet quitting
00:23:57.560 is when you keep your job,
00:23:59.860 you don't quit,
00:24:01.320 you don't resign,
00:24:02.240 you don't even get fired,
00:24:03.640 you just do the bare minimum.
00:24:06.200 You clock in
00:24:07.240 at nine o'clock on the dot,
00:24:09.200 you clock out
00:24:10.000 at five o'clock on the dot,
00:24:11.160 you don't pick up your phone,
00:24:11.980 you don't work weekends,
00:24:12.760 you don't do anything.
00:24:14.440 And it was so bizarre
00:24:16.040 to read this
00:24:17.160 because I was always raised
00:24:19.700 that you just work hard
00:24:21.140 and you never stop
00:24:22.060 working hard
00:24:22.620 and all the guys
00:24:23.200 at the top
00:24:23.620 are working really hard.
00:24:24.620 I know you work
00:24:25.380 about 27 hours a day.
00:24:26.840 I've seen it up close
00:24:27.780 in cities all around
00:24:28.980 the country.
00:24:30.360 How do you explain
00:24:31.340 this trend
00:24:32.100 and do the Zoomers
00:24:33.460 have any sort of point
00:24:35.340 when they're looking
00:24:35.980 for work-life balance?
00:24:37.980 Well, Michael,
00:24:38.680 I got to say,
00:24:39.280 I think you're being ageist
00:24:41.000 and it may just be
00:24:42.780 that you've gotten too old
00:24:44.060 and you're too far removed
00:24:45.400 from the youngsters
00:24:46.560 and you need someone like me
00:24:48.980 who's more in touch
00:24:50.480 with the youths.
00:24:54.880 Listen,
00:24:55.880 we have a prominent example
00:24:57.840 of someone doing this.
00:24:59.840 Joseph Robinette Biden Jr.
00:25:02.380 The guy's had a job
00:25:03.680 for a year and a half
00:25:04.580 and he hasn't left his basement.
00:25:06.320 That's true.
00:25:08.200 You know,
00:25:08.720 it,
00:25:08.980 it,
00:25:09.300 it,
00:25:11.000 look,
00:25:12.280 I do think the pandemic
00:25:14.020 had all sorts of harms,
00:25:18.540 but it was particularly
00:25:19.820 harmful to Gen Z.
00:25:21.860 It was particularly harmful
00:25:23.480 to people starting
00:25:24.700 their careers.
00:25:26.640 It was very harmful
00:25:27.540 to kids too.
00:25:28.460 I mean,
00:25:28.680 kids who had school
00:25:29.420 shut down,
00:25:30.140 shut down,
00:25:30.600 that was incredibly harmful.
00:25:31.740 But,
00:25:31.980 you know,
00:25:32.800 you have
00:25:33.480 a lot of people
00:25:35.640 in their early 20s
00:25:36.740 who have their first job
00:25:37.780 and their first job
00:25:38.700 was during the pandemic
00:25:39.760 where they worked
00:25:40.940 from home
00:25:41.360 and they just zoom
00:25:42.020 from home
00:25:42.720 and,
00:25:43.280 and I got to say now
00:25:44.220 and I talked to a lot,
00:25:45.100 lots of people
00:25:45.760 in,
00:25:46.140 in the workplace
00:25:47.000 who say that,
00:25:47.940 that,
00:25:48.620 you know,
00:25:49.220 20 something say,
00:25:50.200 hey,
00:25:50.280 I'm just going to work
00:25:50.920 from home this week.
00:25:51.700 and they think
00:25:54.320 that it's just the way
00:25:55.660 it's done,
00:25:56.260 that you just zoom in
00:25:57.480 and there are lots
00:26:01.260 of problems with that,
00:26:02.360 one of which is
00:26:03.320 that often people
00:26:04.360 who are working
00:26:04.900 from home
00:26:05.380 don't work.
00:26:06.220 Like,
00:26:06.420 they claim,
00:26:07.040 I'm working
00:26:07.840 and magically
00:26:09.480 they're doing everything
00:26:10.420 from,
00:26:10.980 you know,
00:26:11.340 playing golf
00:26:12.100 to sleeping
00:26:13.480 to,
00:26:14.180 you know,
00:26:15.340 running on the beach,
00:26:16.180 but none of which
00:26:18.380 are actually
00:26:18.920 the job
00:26:19.840 presumably
00:26:20.300 you're paid to do.
00:26:23.760 But it also
00:26:24.760 really hurts
00:26:25.400 young people
00:26:26.000 not to be
00:26:26.780 in the office
00:26:27.340 and,
00:26:27.780 and I look at,
00:26:29.700 you know,
00:26:30.340 I mean,
00:26:30.600 I think back
00:26:31.360 to,
00:26:31.680 to when I was
00:26:32.540 in,
00:26:33.600 in my 20s
00:26:34.480 and just starting
00:26:35.140 working,
00:26:35.640 the experience
00:26:37.460 of being there,
00:26:39.220 of being
00:26:40.400 in the office
00:26:41.260 culture,
00:26:41.960 of seeing people
00:26:43.240 who are more
00:26:43.940 experienced,
00:26:45.240 of learning from them,
00:26:47.040 you know,
00:26:47.800 look,
00:26:48.140 I work obviously
00:26:49.260 as a lawyer,
00:26:50.140 it is still
00:26:51.860 very much the case
00:26:52.960 that the way
00:26:53.420 you learn how
00:26:53.940 to be a lawyer,
00:26:54.440 you don't learn
00:26:54.820 how to be a lawyer
00:26:55.340 in law school.
00:26:56.940 You learn to be
00:26:57.960 a lawyer
00:26:58.500 much like they did
00:27:00.140 in the days
00:27:00.760 of Abraham Lincoln,
00:27:01.620 which you carry
00:27:02.400 someone's briefcase,
00:27:03.420 you just watch
00:27:04.320 someone,
00:27:04.800 you apprentice
00:27:05.460 under someone
00:27:07.360 who is doing it
00:27:08.400 and you learn
00:27:08.940 by osmosis,
00:27:09.900 you learn by just
00:27:10.700 observing and being
00:27:11.880 there and seeing
00:27:12.760 the day-to-day rhythm
00:27:14.220 and how you do it
00:27:15.180 and,
00:27:16.540 I do think
00:27:18.640 young people
00:27:19.180 in particular
00:27:19.760 who think
00:27:20.180 I don't ever need
00:27:20.980 to go into the office
00:27:21.920 to work
00:27:23.120 are robbing
00:27:25.160 themselves
00:27:25.640 of really
00:27:26.960 critical
00:27:27.800 education
00:27:30.460 and on-the-job
00:27:31.300 training
00:27:31.720 and,
00:27:33.320 you know,
00:27:35.460 that at the end
00:27:36.460 of the day
00:27:36.900 it's not healthy
00:27:37.580 for society
00:27:38.260 but it's not healthy
00:27:38.880 for them either.
00:27:40.240 Like,
00:27:40.880 working hard
00:27:42.080 and,
00:27:42.440 you know,
00:27:43.740 listen,
00:27:44.180 I had years
00:27:45.180 after years
00:27:45.820 after years
00:27:46.660 of,
00:27:47.600 you know,
00:27:49.140 working
00:27:49.760 16,
00:27:50.780 18,
00:27:51.500 20 hours a day
00:27:52.680 and that
00:27:54.060 discipline,
00:27:58.220 if you want
00:27:58.920 to do things
00:27:59.740 that are
00:28:00.560 important
00:28:01.240 and significant,
00:28:02.020 it takes
00:28:04.100 that time
00:28:04.700 and commitment
00:28:05.100 and energy
00:28:05.540 and so
00:28:06.280 I do
00:28:07.480 worry
00:28:08.180 that all
00:28:09.520 of the lessons
00:28:10.140 society
00:28:10.860 is teaching
00:28:12.860 the younger
00:28:13.840 generations
00:28:14.600 are lessons
00:28:15.960 that are going
00:28:16.360 to be really
00:28:16.860 harmful for them
00:28:18.100 in the long term.
00:28:19.080 Well,
00:28:19.120 I'm glad
00:28:19.380 that I could
00:28:19.820 get that insight
00:28:21.060 from someone
00:28:22.040 who is young
00:28:22.680 and hip
00:28:23.380 to what the youths
00:28:24.080 are talking about
00:28:24.820 and I can
00:28:25.800 take that back
00:28:26.820 and stew in that.
00:28:27.860 Before we go,
00:28:28.720 I have to remind you
00:28:29.620 to subscribe
00:28:30.900 if you're on
00:28:31.940 Apple Podcasts,
00:28:32.660 Spotify,
00:28:33.040 Stitcher,
00:28:33.920 wherever,
00:28:34.740 go subscribe,
00:28:35.860 YouTube,
00:28:36.300 make sure you join
00:28:37.100 Locals and the
00:28:38.220 Verdict Plus community
00:28:39.320 because there will be
00:28:40.140 a whole other episode
00:28:41.040 of The Cloak Room
00:28:42.060 coming up with our
00:28:42.640 friend Liz Wheeler.
00:28:43.640 Liz,
00:28:44.280 what are you going
00:28:44.540 to talk about?
00:28:45.240 Hi, Michael.
00:28:45.800 Hi, Senator.
00:28:46.500 Yes, so it's very
00:28:47.720 obvious that Biden's
00:28:49.060 student loan debt
00:28:50.260 cancellation executive
00:28:51.220 order is unfair
00:28:52.200 to people who have
00:28:53.260 paid their debts off.
00:28:54.600 It's also very expensive.
00:28:55.700 It's going to cost
00:28:56.220 the American taxpayer
00:28:57.060 billions of dollars.
00:28:58.340 It's redistribution
00:28:59.020 of wealth,
00:28:59.440 but opposite from
00:29:00.700 what the Democrats
00:29:01.340 usually advocate for.
00:29:02.340 This is actually
00:29:02.780 taking from the poor
00:29:03.520 to give to the rich.
00:29:04.480 It's also inflationary.
00:29:05.820 It's going to increase
00:29:06.760 or worsen inflation.
00:29:07.760 But here's the
00:29:08.540 million-dollar question.
00:29:09.760 Is Joe Biden
00:29:10.620 canceling student loan
00:29:11.940 debt via this
00:29:12.620 executive order
00:29:13.380 even legal?
00:29:15.720 That's what we're
00:29:16.280 going to explore
00:29:16.820 today on The Cloak Room.
00:29:18.020 Join us at
00:29:18.540 Verdict with
00:29:18.980 TedCruz.com
00:29:20.060 slash plus.
00:29:21.360 If you use my
00:29:21.920 promo code,
00:29:22.680 Cloak Room,
00:29:23.380 you can watch for
00:29:24.340 free for the first
00:29:25.520 month of your
00:29:26.260 annual subscription.
00:29:27.060 That's Verdict
00:29:27.660 with TedCruz.com
00:29:28.780 slash plus.
00:29:30.440 Sounds fabulous.
00:29:31.840 By the way,
00:29:32.540 speaking of speaking,
00:29:34.640 we want to see
00:29:35.800 all of you
00:29:36.600 in person.
00:29:38.660 Verdict is going
00:29:39.500 back on the road.
00:29:40.980 You can apply
00:29:41.740 to have your school
00:29:42.840 be one of the
00:29:43.580 Verdict stops
00:29:44.120 at
00:29:44.760 yaf.org
00:29:46.060 slash
00:29:46.700 Verdict.
00:29:47.620 That deadline
00:29:48.240 is coming up,
00:29:48.780 so make sure
00:29:49.180 you submit
00:29:49.560 your school today.
00:29:50.700 yaf.org
00:29:51.680 slash
00:29:52.160 Verdict.
00:29:53.140 And I very much
00:29:53.900 hope that I will
00:29:54.380 see all of you
00:29:55.100 in person
00:29:55.640 soon.
00:29:56.380 In the meantime,
00:29:56.820 I'm Michael Knowles.
00:29:58.020 This is Verdict
00:29:58.600 with Ted Cruz.
00:30:07.700 This episode of
00:30:09.020 Verdict with Ted Cruz
00:30:10.320 is being brought to you
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