PARTLY ON --
>> GOT TO BE HONEST CLEAR IN
TERMS OF WHAT EARNINGS PICTURE
IS GOING TO BE.
>> THE THING BOTHERS ME THAT
BECAUSE, IN LARGE IN PART
BECAUSE OF TAX REFORM, THAT
YOU HAVE AN ECONOMY THAT IS
GROWING, THIS IS WHEN YOU NEED
TO IMPOSE FISCAL DISCIPLINE
300 DOLLARS PLUS SPENDING
BASELINE ESSENTIALLY OF
TRILLION-DOLLAR ANNUAL DEFICIT
THAT IS MIND-BOGGLING
BEFUDDLING QUITE FRANKLY DUMB.
>> IT IS DUMB THIS IS THE
POINT I WANT TO DISAGREE WITH
THE CURRENT BUDGET DIRECTOR
THERE IS NO DOWNWARD
TRAJECTORY.
THEY HAVE LOCKED IN 15
TRILLION OF NEW BORROWING OVER
NEXT 10 YEARS, THEY HAVE
DECREED NATIONAL DEBT WILL BE
35 TRILLION BY THE TIME WE GET
TO END OF 10 I WOULDN’T CYCLE
THAT IS NOT COUNTING A
RECESSION, THAT IS ASSUMING,
THAT WE GO ALL THE WAY TO
2027, WITHOUT A RECESSION.
NEVER HAPPENED IN HISTORY,
CAN’T HAPPEN IT IS REALLY KIND
OF A RIDICULOUS ASSUMPTION.
ONE DAY ONE OF THESE DAYS THE
ECONOMY WILL ROLL OVER THERE
WILL BE A -- BLACK SWAN A RED
SWAN I DON’T KNOW WHAT IT IS
GOING TO BE, BUT WHEN IT
HAPPENS, THE DEFICIT IS GOING
TO BE EXPLODE TO TWO TRILLION
THREE TRILLION, WE ARE GOING
TO BE IN BIGGEST FISCAL MESS
IMAGINE WHEN ABLE THOSE YIELDS
SOAR AT THE OVERSHOOT
EVERYBODY KEEPS THINKING WE
SEE IT COMING IT HAS ALL BEEN
-- TRANSPARENT.
NO MARKETS OVERSHOOT FRONT
RUNNERS BUYING BOND WHEN FED
WAS BUYING, ARE SOON GOING TO
FIGURE OUT THE WAY TO MAKE
MONEY IS SELL, WHAT THE FED IS
SELLING, THAT IS SHRINKING
THIS BALANCE SHEET, BY -- YOU
KNOW, 50 BILLION A MONTH.
OF THE BEGINNING IN OCTOBER.
AND THEN THE FRONT-RUNNERINGS
START SELLING WHAT FED IS
SELLING THE TREASURER
BORROWING ALL THIS MONEY, YOU
ARE ASKING FOR A BIBLICAL YOU
KNOW -- A BIBLICAL --
COLLISION.
>> WHAT SHOULD SHERIFF DONE IN
TERMS OF OF THE BUDGET LAST
WEEK?
THEY NEEDED TO FIX SEQUESTER
IMPACT ON MILITARY WHAT IS
WHAT REPUBLICANS WILL SAY.
>> THEY ARE FULL OF IT OKAY?
WE ARE TALKING ABOUT MILITARY
SPENDING, IS CRAZY.
IF YOU TAKE ALL THE HOSTILES
IN THE WORLD CHINA, SO-CALLED
HOSTILES I DON’T BELIEVE IT,
200 BILLION, RUSSIA 70 BILLION
IRAN 12 BILLION, WHOLE GDP.
>> WHAT DO YOU HAVE TO SAY
ABOUT FACT 50% PLANES IN THE
NAVY ARE NOT FLYABLE.
>> CONDUCTING SEVEN WARS WE
DON’T NEED TO HAVE.
>> REGARDLESS THE MILITARY IS
NOT UP TO SPEED IN TERMS OF
READINESS.
>> WE COULD GET OUT OF WARS
GET OUT OF AFGHANISTAN WHY
STILL THERE, 17 YEARS LATER?
WHAT ARE WE DOING IN SOMALIA,
WHERE MONKEYING AROUND.
>> DIFFERENT SUBJECT.
>> THAT IS WHY ALL THIS MONEY
ALLEGEDLY IS NEEDED.
DAGEN: HE MAKES A POINT JAMES
FREEMAN AGREED WITH THIS
SEQUESTER CUTS IN DEFENSE FELT
NOT WELL RUN THE MONEY TO FUND
IT NOT WE WILL ALLOCATED HE
RAISES OF ISSUE VAST
GOVERNMENT MISMANAGEMENT, AND
THE SOLUTION BY DEMOCRATS AND
REPUBLICANS HAS ALWAYS BEEN
THROW MORE MONEY AT IT AGAIN
OPIOID CRISIS JUST YOU THROW
MONEY AT IT NOT GOING TO TRACK
HOW EXISTING MONEY HAS BEEN
SPENT.
THROW MORE AT DEFENSE
DEPARTMENT, THROW MORE MONEY
AT CHILD CARED CENTERS,
INFRASTRUCTURE SPENDING NOBODY
TRACKS IT OF ALL PEOPLE UPSET
ABOUT THE SHOVEL-READY JOBS
DIDN’T SHOW UP WITH OBAMA
STIMULUS PLAN WHY ARE THEY NOW
CHEERING 200 BILLION DOLLARS
BY THE AWAY 20 BILLION
INFRASTRUCTURE SPENDING IN
BUDGET LAST WEEK 200 BILLION
MORE TO BE PROPOSED BY
PRESIDENT TRUMP TODAY -- THAT
IS WHY AGAIN, IT IS LIKE, WHY
I LIKE IT IF A REPUBLICAN
PRESIDENT DOES IT I LIKE IT IF
A REPUBLICAN CONGRESS DOES IT,
BUT I HATE IT IF DEMOCRATS DO
THE THE SAME DOGGONE THING.
>> A SCANDAL TO GET 82 BILLION
DOLLARS, FOR DEFENSE INCREASE
THEY DON’T NEED, THEY AGREED
TO GIVE THE DEMOCRATS, 65
BILLION, MORE OF DOMESTIC
SPENDING THAT WE ABSOLUTELY
CAN’T AFFORD, SO NOW YOU HAVE
THE WARFARE STATE WELFARE
STATE TO KILL FISCAL OUTLOCK
FED TLIENL SAYING WE ARE NOT
GOING TO MONETIZE THE DEBT.
>> WHEN YOU SAY THEY DON’T
NEED MILITARY MONEY, TO WHAT
DO YOU ATTRIBUTE ALL THAT WE
REPORT ARE ON EVERY DAY IN
MILITARY.
>> ALL THESE ACCIDENTS THAT
YOU REPORT ON, IS BECAUSE
THEIR RUNNING THE MILITARY
RED-HOT AROUND THE WORLD THEY
SHOULD NOT BE ALL THEY HAVE TO
DO IS STOP, THIS WOULDN’T BE
SO MANY ACCIDENTS.
WE DON’T NEED TO BE RUNNING
THE MILITARY AT THIS RATE
BECAUSE.
MARIA: YOU THINK ONE OF THE
REASONS ISIS IS ON THE RUN?
>> WE CREATED ISIS.
MARIA: COME ON NOW YOU ARE
GOING OFF THE CLIFF!
NOW YOU ARE GOING OFF THE
CLIFF.
>> WE LEFT.
MARIA: WHO SPECIFICALLY
CREATED ISIS.
>> WE BLEW UP THE POLITICAL
CONSENSUS.
MARIA: PRESIDENT OBAMA GOING
INTO IRAQ YAIN INSTEAD OF
SYRIA IN A CREATED ISIS.
>> BUSH GOING INTO IRAQ BLEW
UP TENTATIVE AGREEMENT BETWEEN
SHIA SUNI THE KURDS THAT BLEW
UP THE COUNTRY, WHEN WE
FINALLY LEFT WHEN WE HAD TO,
ISIS THEN TOOK ALL THE WEAPONS
WE LEFT BEHIND.
MARIA: SO WHERE OUR POINT IS
SO SINCE, IT WAS CREATED UNDER
BUSH WE SHOULD NOT GIVE
MILITARY ANY MORE MONEY TO PUT
UNIFIES ON RUN I AM NOT
FOLLOWING.
>> I AM SAYING WE SHOULD STOP
INTERVENING EVERYWHERE IN THE
WORLD NOT A THREAT TO THE
INTERESTS OF THE UNITED STATES
WHY GO AFTER --
>> WE ARE NOT MAKING ANY
SPENDING PRIORITIES, AT ALL,
IF THE MILITARY IS A PRIORITY
THEN WE NEED TO CUT SPENDING
ELSEWHERE NOT PAYING OUT MORE,
IN THIS INTEREST ON DEBT THAN
WE WILL IN DEFENSE SPENDING.