The Dan Bongino Show - Ep. 566 The GOP is Breaking Another Critical Promise
Episode Date: October 11, 2017In this episode - Why does the Las Vegas attack timeline keep changing? http://nypost.com/2017/10/10/mgm-says-police-timeline-of-vegas-massacre-may-not-be-accurate/?utm_campaign=iosapp&utm_source...=mail_app We are winning the battle against the anti-American NFL protests. http://www.foxnews.com/politics/2017/10/11/trump-says-about-time-after-nfls-goodell-calls-on-players-to-stand-for-anthem.html The GOP is blowing up the budget despite promising us otherwise. https://www.conservativereview.com/articles/under-gop-in-2017-government-spending-increased-130-billion Are the “rich” paying their “fair share”? https://www.wsj.com/articles/the-gops-tax-the-rich-temptation-1507487704 https://www.wsj.com/articles/tax-reform-and-deficits-1507676979 The Left are hypocrites on sexual assault and harassment. https://www.google.com/amp/s/www.theatlantic.com/amp/article/540846/ Learn more about your ad choices. Visit podcastchoices.com/adchoices
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Dan Bongino.
I have an obligation to come on the air with data and material and research.
I can't just say, trade stinks.
Thanks for tuning in.
The Dan Bongino Show.
Let's jump right in because we have no time for nonsense.
Get ready to hear the truth about America.
When I was a young man, I don't remember it being sexy to want to allow a nanny state to control my life.
On a show that's not immune to the facts, with your host, Dan Bongino.
Alright, welcome to the Renegade Republican with Dan Bongino. Producer Joe, how are you today?
Hey, just call me Dan's McMahon. I'm here with you, babe.
Yeah, some guy tweeted to Joe yesterday, do you ever disagree with Dan or something?
Yes, he does, as a matter of fact.
We happen to share the same political ideology.
It shouldn't be strange that we agree on a lot of things.
Hey, what time is the class tonight, by the way?
7, Paula, or 7?
7.
Okay, sorry.
I had to ask my wife a question.
I teach a class, and I forget what time it is sometimes.
So just quickly, I want to clear something up.
So last night, I did an appearance on Tucker Carlson's show on Fox,
and, man, did that generate a lot of email and understandably so you know it's my my job is to be absolutely precise
especially when you're a conservative you can't say anything and you know that could be even
remotely taken the wrong way and it was about the vegas shooting and a couple things i wanted to
talk about this today uh not at length because i really want to get to the tax thing that i've
been pushing off all week but it's. And also make some quick points about another just glaring liberal hypocrisy with regards to Harvey Weinstein.
But on the shooting, the timeline keeps changing now, moving all over the place.
Now, for those of you who missed the story yesterday, the original timeline that came out from law enforcement sources in the press conference was that shooting begins.
Security guard from the Mandalay goes up to the room,
security guard is shot, I believe his last name is Campos,
he's shot, notifies the police,
and then the police respond,
and then the gunman takes his own life.
That was the original timeline.
The timeline shifted yesterday, big time,
to, what do you call it,
the security guard, Campos,
responds before the shooting begins.
The shooting begins then six minutes after,
which a lot of people are saying,
well, that's a big difference.
If the shooting started,
then the security guard went up there and then got shot.
But now you're saying the security guard went up there,
then the shooting outside began.
This is a big, big difference.
So I was on last night talking about that.
And yes, folks, listen, the information wasn't correct.
And a lot of people said, well, because I said, listen, this is a really tough job.
And these guys are in a really bad spot.
My guess here as to why this happened.
I'm not defending anyone, by the way.
Those people who send me nasty emails like, you know, you're covering for the cops.
I'm not covering for anyone. They're asking me for my law enforcement perspective on the show
and i'm giving it do you want an explanation as to why i think the timeline shifted or you just
want to guess i mean if you don't know you don't know you're free to speculate yourself yeah but
i was given my opinion on it and i said listen my in my experience here i've seen this before
and i gave an example of a case i had worked where it was a credit card fraud case.
I can't give the details obviously about the case, but it was a big case.
And we had a timeline problem as well.
The timeline, the timestamp on the security camera where the incident happened in one
of the stores, it was a home improvement store.
And the timestamp on the credit card receipt did not marry up.
Now, it didn't create a whole bunch of complications for us, this is not unusual now i'm not folks it was a mistake i
can't be any clearer on this the only point i was trying to make is this is an explanation of why it
may happen i don't know why that was controversial but where i got myself in a little bit of
hot water is i was trying to talk about the delayed response because now joe it appears
that the timeline between when the shooting began on the crowd and when the cops responded has been extended now but this fair
questions folks all of them again i'm just trying to give you some insight as to why if you're not
interested that's fine move on you're also you're free to have your own opinions about it it's a
free country i'm just giving you my opinion it's my show that's what i do and wasn't my show last
night but they were asking me for my opinion on it.
And I had said that the way the shooting was happening in the hotel room with the rounds,
5-5-6-2-2-3 rounds, that these rounds would penetrate a bulletproof vest.
But I made, this was a critical mistake, and I should not have said this.
I said, there's no vest that would have stopped that.
There are vests that absolutely will stop that round, folks.
I was thinking of it from a law enforcement police officer, non-tactical unit response
team guy.
When I was a cop, we would wear typically level two vests that are not going to stop
that at all.
And I said, we'll go through that vest easily, which it would.
But there are tactical units that have the capability through their body armor to stop
that type of round.
It's a tremendous blunt trauma.
But the point I was trying to make
about the delayed response there
was that the equipment on the initial responding officers,
which were probably, Joe, patrol officers.
They were not tactical, the initial response team.
The equipment they likely had
was not sufficient to stop that round
and not even close.
And I made the point that bullets in a hallway, they have what we would call in law enforcement the fatal funnel effect.
How bullets when you're firing in a hallway, even on drywall, Joe, will not necessarily penetrate the drywall and may in fact ricochet off the drywall and ride down the hallway.
and may, in fact, ricochet off the drywall and ride down the hallway.
Now, some lady, like, attacked me on Twitter.
Is he saying bullets won't penetrate drywall?
Folks, will you listen to what I'm telling you?
Because this is what drives me crazy about doing media stuff sometimes.
That's not what I'm saying.
I'm saying the cops that likely responded probably didn't have the body armor.
My mistake, though, for saying no.
I own that one, right?
There are clearly vests.
We had them actually.
Well, I don't even want to say.
I don't want to give up too much information.
But there are vests that do that.
But the law enforcement officers who responded, Joe, probably didn't have those is what I'm saying.
I understand.
Secondly, I'm saying when you're in a hallway like a hotel hallway, they call that in law enforcement and tactics and in close quarters combat a fatal funnel because the rounds going down the hallway there's there's a strong likelihood if they hit the wall at a certain
angle will actually travel down the wall so you're in a funnel of of hot lead that's never
going to stop and there's nowhere to go it's kind of like throwing a glass bottle out the car window
and watching it hit the uh yeah it doesn't break. It bounces for a while. Dude, that's a fantastic example.
You're like, what is he saying?
Glass bottles don't break when they hit the concrete?
No, I promise you.
You slam a glass bottle down, it's going to break.
But you're absolutely right.
It depends on the angle the thing is moving
as you're moving in a horizontal direction in your car.
And the speed, yeah.
The best way I've had this explained to me,
because this is important in understanding
why this was such a dangerous situation these cops were walking into and what may have delayed the response.
The best way I've had this explained to me, the fatal funnel effect, even with drywall type walls, is a bullet doesn't act like a baseball.
In other words, if I were to throw a baseball against a wall, it's probably going to go through the wall.
You too.
Or stick in the wall.
Right?
If you throw it hard enough.
Yeah. it's probably going to go through the wall you too or stick in the wall right if you throw it hard enough that's not how a
bullet reacts like a football
because it's conical
in shape so if it doesn't
hit the wall directly there's a good chance
even with drywall at a specific angle
it's going to reflect so
people were this lady had a meltdown on
Twitter did he just say that
bullets ricochet off dry? Yes, absolutely.
And I encourage you strongly, and if you listen to my rough cuts,
maybe in the future we'll go into some personal tactics stuff.
That's why you never get in the fatal funnel unless you absolutely have to.
And the line with the fatal funnel we had is if you're moving,
you better be shooting, right?
Because at that point, you better be suppressing the fire coming at you
because in that fatal funnel, it's coming at you it's with with the ferocity and there's very little
you're going to be able to do so i just wanted to address that because i got a ton of emails and
you know for everything from your covering for the cops which is absurd i'm just giving you my
perspective on it to you know that there is body armor all right granted totally legit on that one too you know bullets don't ricochet
off drywall folks i promise you they do out of that i don't make that mistake all right all right
a lot to talk about today uh so the nfl caved yesterday roger goodell put out a statement
requesting that people stand for the national anthem i've been covering this a lot i don't want
to uh beat it to death but folks this brings up an important point that I want you to take to heart.
Whenever you get down, right, in politics, I know it happens to me a lot too. I mean,
just the other day I was whining about how I got up and the liberals just, they wear you down,
folks, they do. Because you're like, how can they think things that are so stupid and manage to not
see the light when it's staring them in the face.
I just want you to take some solace in the fact that the liberals are winning the culture war.
They are. They've always got a leg up because they've got the media, they've got Hollywood,
and they've got academia. They've got the three biggest megaphones out there. But I just want you
to understand that even though they're winning, the overall war they've been winning over time,
that these skirmishes that we're engaging in
repeatedly with them are starting to take the toll.
And I think the tide is starting to turn, Joe.
We had the incident in Kentucky,
which backfired on them spectacularly
when they jailed the court clerk
for not signing gay marriage certificates.
That was a total loser for them.
They may try faux bravado and be like,
oh, that was good.
We showed them, we put them in jail.
Folks, backfired spectacularly. The Little Sisters of the Poor case where Obamacare was
forcing basically Catholic nuns to, in some way, de facto support the sale of birth control to
their employees, backfired spectacularly. The Target boycott. Target thought it was a good
idea to allow men in the women's room
in their stores
to appease a specific
special interest lobby.
And that backfired spectacularly.
Target's stock price went down.
You can argue all you want
about it was trending down.
Folks, it went down.
Even Target themselves
acknowledged it was a disaster.
You saying otherwise
makes you look like a fool.
Finally, this NFL thing, Joe,
is another example.
I think this is the fourth example I'm telling you now.
This is just in the last few years of culture wars and skirmishes, I should say, to be more
precise and clear.
Skirmishes started in the culture war, Joe, that have blown up in the left's face in spectacular
fashion.
This NFL thing, I don't care what you're telling yourself.
And again, to our liberal listeners,
I get it. I get your nasty grams.
I get your tweets. I get your emails.
I don't care what you're telling yourself right now.
All I care about are the facts.
The NFL
backtracked on this thing for one reason
and one reason only. It was absolutely
blowing up in their face. Their ratings
are down and there's now actual talk of the
NFL having to do make goods.
Now, Joe knows what make goods are on radio.
You know, when you miss an ad, you have to go back,
and later on you have to replay it, sometimes even for free.
The NFL's ratings are hurting so badly now
that the promised viewership for an ad,
as someone who paid an ad to get in front of a certain number of eyeballs,
that they may at some point have to run free ads to make up for the lack of viewership.
Folks, this is hitting them right in the pocket for all this bluster.
And I engage in it as well because I'm just being honest.
Over time, the culture wars have definitely tilted in their direction.
The skirmishes now are taking their toll on them.
This NFL thing was a loser for them, a loser on steroids.
There is no way they come out of this
without egg on their face.
They look like absolute fools.
They have done nothing to advance their message.
They have only preached to the choir.
They have made no substantive change at all,
even on the issues they claim to care about.
Their message was muddled and lost.
They alienated their fans.
They alienated a lot of military families. They alienated a
lot of cops. Not all. I don't speak for everyone.
I'm just telling you the numbers
are obvious.
Now, you do with it what you want,
but you should pat yourself on the
back today, and this boycott is definitely
working, and I encourage you to continue it.
I am. I'm done with the NFL.
I don't really care at this point what they do.
They alienated me for good.
You nail in front of the anthem and then you double down on it over time
and then you insult the people who take a stand against it?
No.
No.
We were all open to a conversation about,
you want to talk about race and racism?
Fine.
I'll have that conversation.
Talk about disadvantaged minority populations in inner cities?
Let's have it.
That's not the conversation you wanted to have.
You wanted to put socks on like Colin Kaepernick did with cops depicted as pigs.
That was your tactic.
You were done.
You were done after that.
There was no conversation.
What do you have, a shirt with Che Guevara on or celebrating Fidel Castro?
No, no.
Kaepernick, that is.
We're done.
We're done.
Conversation's over.
There's nothing else.
You're celebrating murderers now?
And we're supposed to have a conversation, a conversation because you, what?
You're a 20 year old, you know, now failed quarterback.
We're supposed to take your word for it about, about the, you know,
the quality politics that the Cuban regime.
I mean, come on, give me a, give me a break.
Give me, you guys, you're done.
This thing totally ate you alive.
You lost.
So good for you.
Everyone out there who fought this good fight.
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time on this because it's important you know there's uh the tax cut debate is out again and
of course it's fiery because it always is and what i find really fascinating about this tax cut debate
here is that the facts are not out there, folks.
And one of the constant themes of the feedback I get via email on the show from people is they
really appreciate our focus on facts and data, not just angry talk. I mean, anybody could scream and
yell about tax cuts, but I want to see some data. I want to see where this is going.
Now, there are a couple of pieces I wanted to focus on. And Phil Graham wrote one the other day, folks, because I know a lot of you out there are
debating with your liberal friends, and they're going to tell you how wonderful Sweden and
these so-called democratic socialist states are.
Okay, number one, there is no such thing as democratic socialism.
There is either socialism or democracy.
They are not.
There's no such thing as democratic socialism.
What they are calling democratic socialism is really a big government nanny state.
And understandably, if I'm going to demand of myself, as you should of me,
absolute precision in conversation, you should demand that of your leftist friends too.
There cannot be any such thing as democratic socialism.
Socialism is the government ownership of the means of production.
You can't possibly have a democracy without economic freedom.
If you vote people into office who control everything, the food production, the oil production,
the energy production, the production of fluids to keep you alive, you do not live in a democracy.
There is no such thing as democratic socialism.
What you're talking about in Sweden and Scandinavian countries are big government nanny states that have entitlement structures.
There's no such thing as democratic socialism.
It is a myth.
It is a myth propagated by socialists to get you to believe that socialism can be in any way democratic.
Socialism is very clearly the government's control of the means of production.
You cannot control the means of production and exist in a democracy at the same
time. It is a faux democracy.
Just another freaking lie.
Every time, Joe.
Wait till I get this other story,
with this Weinstein thing.
This is really... I know.
The hypocrisy is just grotesque.
But,
Phil Graham has a piece
which he put in the Wall Street Journal, which I'll quote
some numbers from, because this is important.
Because, again, I'm hearing liberals and I'm seeing them on Twitter.
I'm hearing them in their conversation.
I monitor a few Twitter accounts to see what's going on out there.
And I'm hearing again about the wonders of the Scandinavian cultures, which emphasize big, heavy tax burdens and big, heavy tax burdens specifically on the rich.
And the argument goes like this, that, well, the United States doesn't tax the rich enough,
and if we did, we'd be able to live like the Scandinavians
where everything, Joe, is free.
Amazing how stuff is free.
Of course, that is a myth.
Nothing is free.
Everyone pays the cost.
There's no such thing.
It's a nonsensical, ridiculous term liberals have made up in economics. There was
no such thing in economics anywhere as free. So Graham put some numbers out there to debunk
your liberal friends talking about, again, how wonderful Scandinavia is and how imbalanced
the United States is when it comes to taxing the rich. By the way, these are numbers from the
Organization for Economic Cooperation and Development, the OECD, widely accepted numbers,
and they're from 2008,
which is the last time they did a really comprehensive analysis on this.
So this study, Joe, looked at all forms of taxes.
I want to be clear on this.
Liberals, take the cotton out of your ears
because they always have some counter-argument
that they'll make up out of thin air.
Covered all forms of taxes on income,
including social insurance taxes, and state and local taxes, Joe.
So this study looked at all forms of taxation.
It found out that the top 10% of earners in the U.S. paid more than 45% of all taxes on income.
The top 10% paid 45% of all taxes on income.
The top 10% paid 45% of all taxes on income. The top 10% of earners.
Now, remember, the liberal argument means,
the liberal argument is always alluded to the fact
that the rich don't pay enough, which is garbage,
which is nonsense.
Now, in the places they love, Sweden being one of them,
in Sweden, Joe, the top 10% of earners paid less than 27%.
You got Jay Zabacus out there?
Whoa.
Get Jay Zabacus out there. Let me go. Yeah, get Jay Zabacus out there? Whoa. Get Jay Zabacus out there.
Let me go.
Yeah, get Jay Zabacus here.
So let's just be clear on this.
So liberals, their argument here is that in the United States,
the rich people are getting a free pass, okay?
But when you factor in all forms of taxes, Joe, in the U.S.,
the top 10%, those evil rich people pay 45%.
You got that?
45%, okay?
Move the numbers around.
Okay, 45%. Sweden, liberal ut 45, okay? Move the numbers around. Okay, 45%.
Sweden, liberal utopia.
They talk about all the time.
Fake democratic socialist country,
which is not democratic.
No such thing.
In Sweden, the top 10% pay 27.
So it's 27 less than 45.
Okay, let me.
It's less.
Less than less. It's less. Oh and jay's abacus comes through it let me tell you something
jay's abacus the best clutch it's infallible it is infallible it is every single time it comes
through so in sweden the rich actually pay less of a tax burden than they do in the united states
the top 10 okay it gets even better in better. In France, another liberal utopia.
And by the way, for those of you who sent me that critique of the econ talk thing I
discussed yesterday, where he talks about the author of a piece was interviewed in econ
talk, was talking about how income inequality is so horrendous in the United States and
it's better in France.
And I disputed it.
One of one of the previous shows in France show the top 10% pay less than 25%.
So again,
get the abacus out is 45% greater than or less than 25%.
45 is greater than 25.
45 is.
Yeah.
45 is greater than 25.
Jay's abacus in the clutch again.
This guy is, they used to have a statistic in Major League Baseball.
I don't know if they still have it.
The game-winning RBI.
Jays Abacus is the game-winning RBI every single time.
The run batted in that wins the game.
I don't think they have that statistic anymore.
They might not, but I always remember,
he led the league in game-winning RBI. I was like, gosh, what a dumb statistic that Wednesday. I don't think they have that statistic anymore. They might, they might not. But I always remember, like, he led the league in game-winning
RBIs. I was like, gosh, what a dumb statistic
that is. But the point of the...
Okay, now, by
the way, let me just go on and read the rest of this quote.
Since Sweden and France both have large value
added taxes, a regressive levy,
their top 10% of earners
bear an even smaller share of the
total tax burden.
So he writes, the next time Bernie Sanders demands
that the rich pay their fair share,
someone should ask him if he would be satisfied
if the American rich paid the same share
as their counterparts in Sweden and France.
What is he saying in the piece?
Folks, it's clear as day
that if you're going to argue
we should be more like Europe
and the Scandinavian countries,
and these are just the facts, liberals.
Don't let this get in the way of your stupid plans
that you would actually be arguing for a tax cut for the rich.
Because as Jace Abacus pointed out and never fails,
45% is in fact greater than 27% and 25%,
which is the tax burden paid by the so-called rich in Sweden and France.
Now, folks, again do you ever you know you
ask me sometimes why i get so angry at liberals this is one of the reasons why they will never
argue with you based on facts and data and numbers they will only argue with you based on talking
points once you dismantle the talking point they have nowhere else to go there's nowhere else for
them to go now i'm more from the grampies, because this is important.
They'll also say, well, if we grant a tax cut to top earners, then those top earners are not
going to pay. Remember, they're arguing we don't pay enough now, which is nonsense. We just debunk
that. But they're also arguing that if we get a tax cut, well, that would cut their tax load and,
in fact, put more of the tax burden on the middle class, which, by the way,
completely discounts the effects of economic growth and is not commensurate with historical
results and that button name oh what does that mean let's debunk that nonsense too that okay
if you give them a tax cut the rich will pay less and the middle class will pay more from the
grampies it is equally clear that by stimulating growth the reagan tax cuts produced more revenue and increased, increased, increased the share of
taxes paid by the rich. Amazing. Goes on. The share of income taxes paid by the top 10% of earners,
which had been falling prior to the Reagan tax cuts, increased 20% during Reagan's presidency.
Now, folks, liberals, please, for a second,
please just clam up and listen.
I know it's tough for you because you always want to talk,
but listen to this part.
The U.S. government collected 19% more real revenues
the day Reagan left office.
Real, meaning adjusted for inflation, real dollars, okay?
More real revenues the day Reagan left office than the day he came into office, even though inflation, real dollars, okay? More real revenues the day Reagan left office
than the day he came into office,
even though inflation had been broken,
bracket creep repealed,
and tax rates reduced dramatically.
Don't let any of that get in the way
of your dopey arguments, folks,
if you're on the liberal side.
I mean, what is complicated for you here
the rich already pay more of the total tax burden when measure i mean when when universally measured
federal state local social insurance than they do in these european countries you praise and yet
you continue to say the opposite now just to dig in quickly to one quick point that he made in there
but the value-added tax yeah one of the things they have in Europe which destroys the middle class,
on the tax front that is, is a value-added tax, which is basically a tax at multiple levels of
production. It's the value you add to the product minus your costs in essence, right?
Why would this hit the middle class more than it would hit people who are high earners?
Because people who are high earners will have income based on capital and will tend to basically
consume. The consumption is not as big a portion of their income as it is when you're in the middle
class. I guess a quick example, I was kind of foggy on that. If you're a middle-class earner making $50,000 a year and you're spending $100 a week on gasoline to get to your job, that's a big expense for you.
It's a big expense for me and my family.
If you are wealthy and you're buying twice as much gasoline and driving around twice as much, you may spend more on gasoline, $200, right? Mm-hmm. But as a portion of your million dollars,
say, salary and total income,
maybe through capital gains and others,
that's nothing.
It's peanuts.
The point that he's trying to make in the piece
is that the value-added tax,
which taxes consumption,
you buying stuff,
is always going to be a greater proportion
of your income if you're middle class
than it is if you're rich
that's the point he's trying to make that they have such high value-added taxes in europe that
the countries you praise are the very ones smoking people out and their money who live in the middle
class but again don't let any of that get in the way of your dopey arguments so my suggestion
arguing with your liberal friends is do you support a value-added tax so you support taxing
the middle class and basically not the rich because that do you support a value-added tax? So you support taxing the middle class and basically not the rich.
Because that's not what the value-added tax does.
It doesn't tax the rich.
But that's what Europe does.
Does this make sense?
This is why this is so frustrating.
I'm serious.
This is why this is so frustrating.
Because you talk to these people and they're so confident in their
arguments that it's like uh you like it's got to be true a liberal said it he went on fox and said
it and whereas i will happily as i did today come on the air and i mean i think it's part of doing
commentary to be self-corrective especially on our show we do this often yeah i don't see any
liberals doing this i really don't they go on
the air and go do you know the rich don't pay their fair share what is their fair share well
we need to be more like europe actually we pay less than europe um racist shut up that's all
they have i mean what would it take for you to just come out and say, okay, that's wrong, my comments. I disagree.
That's not correct.
But I think we should be more like Europe because X.
Okay, fine.
We can disagree. But we can't disagree on, if we're not talking about the same thing, there's no way for us
to have a substantial dialogue.
And this is what's frustrating at the level.
All right.
Now, gosh, I got a lot with this.
Next, moving on quickly.
Daniel Horowitz has a great piece of conservative review today.
I encourage you to read.
Folks, you know, you asked me yesterday.
I got a lot of feedback.
Yesterday showed the Gonzo numbers where I recommended Trump leave the GOP.
And I made a case.
I thought a good one.
How the GOP right now, the establishment party, the RNC, those types, the label offers them nothing.
They're not doing anything.
The overwhelming majority of people in the Congress and the Senate under the Republican brand have abandoned Republican values, and it offers them nothing.
Now, Daniel Horowitz is a piece today, which I think proves my point, at least in the fiscal arena.
Daniel Horowitz is a piece today, which I think proves my point, at least in the fiscal arena.
Joe, the GOP budgets, for those of you who are under any illusion that we elected Republicans and are doing anything about spending, I'm telling you that's garbage. This is why I hate
this when people call and talk radio and they go, oh my gosh, well, you know, you're defending
Republicans. Bush spent a lot too. Yep, you're right. It was wrong. Good point taken. When I
made the point that Barack Obama was a big deficit spender and accumulated a lot
of debt, I am not in any way saying that Republicans didn't do the same.
Matter of fact, I'm going to tell you that now.
The Republican budgets, Joe, these are the numbers.
This is just downright frightening if you're electing GOP members of Congress.
The 2017 deficit.
Deficit.
Now, we're responsible now.
I get it.
Obama was terrible. I'm with you okay but we
have to be intellectually honest as well the 2017 deficit show is now up to 668 billion dollars
an 82 billion dollar increase from 2016 hey good good job good job, GOP.
You know, I should have told you this before the show because we haven't been using Steve's dictionary.
But next time I got to, we should, we should,
we got to get like an economic dictionary too
and go to like spending cuts.
Spending cuts would mean that spending was less than the year before, okay?
Now, I'm assuming Steve's dictionary has individual words,
not combinations like spending cuts.
But I assure you, any common sense definition of the word spending cuts means spending less money than you did the year before.
I am reasonably confident, we don't need Jay's abacus for this one, that $82 billion of an increase in spending and a $660 billion deficit is not, in fact, a spending cut by any reasonable measure.
But hey, don't worry.
We elected Republicans.
Yeah, they're doing a bang up job.
Now, I get it.
Some people email me.
Well, what good does it do us?
Beating up Republicans will just help elect Democrats.
Folks, that's not what I'm saying.
I've never told you to elect Democrats.
They're the worst.
Matter of fact, the analogy I always use is, you know, would you rather be killed by a
chainsaw or by taking a pill? I'd rather not be killed at all. But if you're going to do it, I certainly
don't want the chainsaw. The Democrats are the chainsaw. They're the most painful, immediate way
to go. All right? Republicans are just prolonging it. They believe in a more managed decline and a
less painful death. I don't believe in death at all, okay? Yeah, death's going to happen,
but I don't want the unnatural type, okay okay and they're causing an unnatural death and an immediate bankruptcy
of our economy on the dem side to prolong bankruptcy on the republican side
when are we going to stand up to these people now outlays joe the total spending of the federal
government outlays right uh are up to now 3.9 now $3.982 trillion, to be precise on that.
$3.982 trillion, an absolutely absurd amount of money.
And spending now rose 3% for the year.
Now, here's the kicker.
Where did the spending go up?
This, again, goes to show you the absolute ineptitude
and futility of the federal government
in getting anything right ever and why
i can't stand democrats lecturing us on how government is going to solve our problems when
they've solved no problems they matter of fact they exacerbate problems where the spending went
up joe is critical uh receipts were 3.3 billion we We spent, what did I just say?
3.982 trillion.
I mean, excuse me, receipts were 3.3 trillion.
Outlays 3.982 trillion.
47 billion more of the increase in spending
was the debacle with student loans.
What did I tell you when we did this show a year ago?
Obama nationalized the student loan industry
because he thought, oh gosh,
those banks, man, they're ripping you kids off. You know who's getting ripped off now?
The taxpayers who provided roughly a billion dollars more per state, 47 billion, roughly,
47 billion additional dollars to pay for your neighbor's kid's college. Now you're not only,
get a load of this one, folks, because the government, man, the government, the government's going to fix it. The government's going to fix nothing.
The government, I cannot stand this when I get into debates with these people. The government
has screwed up healthcare. The government has screwed up student loans. The government is
screwing up public education. The government can get nothing right anymore. They nationalized the
student loan industry. It is now $47 billion in the red.
And you're paying not only for your kid's college, saving for your kid's college,
you're now paying for your neighbor's kid's college through your tax dollars.
But let's keep it up, folks.
These dopey liberals will continue to make the argument that somehow government is going to fix anything.
What have they fixed?
What have they fixed? What have they fixed?
This is what's hysterical about them fighting against the tax cuts, Joe.
No, no, we got to give the government more money.
What to do?
What to ruin the student loan industry to double your premiums under Obamacare?
What has the government done for you?
I'm serious.
Sit down and think.
Get out of your bubble for a second liberals what has the government done
that is a 47 billion dollar expenditure to backstop people who didn't want to pay their
student loans that you're now you're tell me how you're not paying this that's a billion dollars
per state almost and by the way it's projected to get worse.
Now, they're arguing about the tax cuts, liberals.
Oh, we can't have tax cuts.
There's another interesting piece in the journal today by Lawrence Lindsay, which is pretty good.
He's like, listen, unlike what I just laid out for you, Joe,
facts and data-based evidence
as to how government is screwed up,
government is not cutting spending,
including the Republicans,
and who pays the federal income tax.
I just gave you the facts.
Rewind the tape.
Listen again.
It's not difficult for all you liberals out there.
Democrats can't produce anything.
All they keep saying, tax cuts, the rich.
I don't even know what kind of voice that is,
but it's me, but I'm really pissed off today kind of voice.
It's nutty.
Lindsay points out that the 1964 tax bill was very similar to the one Trump is proposing now.
And one of the key elements of the Trump tax plan, GOP tax plan now, Joe, is full expensing.
elements of the Trump tax plan, GOP tax plan now, Joe, is full expensing. In other words,
the ability to deduct from your taxes in some way, shape, or form the cost of buying new equipment for your factories, rather than having an elongated depreciation schedule where you can
only take small deductions on it over time, or just having a schedule over time at all.
Being able to expense that makes a big difference.
Why?
Because if Joe buys an equipment for,
say Joe works for CR and needs new computers
to process the show.
If Joe goes and buys that equipment
and then hires people,
and then he can write off the cost of that equipment,
the real cost in Joe's wallet of the equipment goes down.
Let's say he pays $3,000 for a computer,
but in his tax return, by deducting that cost he winds
up getting back $300 I'm just throwing numbers out the effective cost to Joe obviously getting
the interest portion out and the time effective money I'm not talking about that but it was about
$2,700 Joe 2,700 is less than 3,000 right am I crazy no you're right so it incentivizes people
to go out and invest which incentivizes people to grow their factories and grow their businesses and hire people.
The 1964 tax bill did a similar thing, although it wasn't the 1964 bill didn't have immediate expensing like the Trump plan does for a lot of equipment.
It had accelerated depreciation, which is a fancy wonky finance term for just being able to move up the depreciation charge closer to the time
of purchase. It's almost nearly the same thing. And he talks about how, Joe, after that happened,
again, these are actual numbers, liberals, tune it out, because I know you're not interested in
this stuff. I might be the only guy who tells liberals to tune out of his own show, because
really, I know this is troubling to you. He says in the piece, and he's right, labor's share of
the economy, Joe, after the 64 tax plan, the tax cuts,
and the accelerated depreciation,
labor, meaning you, the people who work for a living,
your share of the economy rose from 59 to 63%.
It went up, liberals.
For those of you having a tough time with what rose means,
we're not talking about the flower or the color.
We're talking about 59 to 63%.
The percentage of the economy that labor, the employees took, was greater, higher, larger than.
And real wage increases were about 4 to 5%.
Now, again, don't let that get in the way of you arguing against tax cuts and continuing to make the case for a bigger government,
despite any evidence that all the bigger government's done anything for you.
Don't let any of this hurt you.
And I'll put these all in the show notes today.
The articles,
I strongly encourage you to read them.
They're always available at Bongino.com.
And if you sign up for my email list at Bongino.com,
I will email the show notes to you.
A lot of people respond to them.
I try to get back to everyone.
I'm sorry. I can't answer every email, but I'm trying. The show's really been growing by leaps and bounds. I'm doing my best. I to you. A lot of people respond to them. I try to get back to everyone. I'm sorry I can't answer every email, but I'm trying.
The show's really been growing by leaps and bounds.
I'm doing my best.
I promise you.
All right.
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Okay, last story of the day.
This is just,
I haven't been talking about the Weinstein thing,
the Harvey Weinstein.
And for those of you who don't know the story,
Harvey Weinstein is an executive at the Weinstein Company.
I think it was Miramax at one point.
There are allegations of rape, sexual harassment.
I mean, it happened in Hollywood, which really shouldn't surprise anyone, Joe.
I mean, the place is a moral vacuum.
I stayed away from the story for the first couple of days because even though the stories are repulsive, I just want to be sure the information was accurate.
You know, I put a premium on this show on self-correction and precision and information because I really think it matters.
I mean, you shouldn't be surprised. Some people don't. Believe me, I know some of them. They just
say stuff and just keep on going if they mess it up. I don't think that's right. I think credibility
is in self-correction, but I stayed away until the information started to come out. Now it seems like
these allegations are starting to build, right? What I find really fascinating about this though
is I want to contrast two stories.
So Betsy DeVos, who is our Secretary of Education
in the Trump cabinet,
she's generated a lot of controversy
because she supports school choice.
Betsy DeVos basically put out a guidance letter,
and the gist of the guidance letter is this.
Colleges under the Obama administration
were encouraged to another guidance letter not a law
but a guidance letter to in essence lower the standard of proof for sexual harassment sexual
assault allegations on college campuses folks these are extremely difficult things to talk about
okay i fully understand that but we live in a country with the rule of law and i would rather you know
let has been said many times but you know hundreds of guilty men walk free and convict one innocent
man having a standard of evidence on a college campus which was encouraged by the obama
administration a preponderance of evidence is not a beyond the reasonable doubt it's not even close
and the way these proceedings were being set up
with the encouragement of the Obama administration
was if you were accused of sexual assault,
you had very few ways to defend yourself.
By the way, this is man or woman.
Now, it happened to be mostly men,
but you had almost no way to defend yourself.
Well, Joe, what obviously happened after that?
Well, a bunch of people were accused of
sexual assault some of them falsely who were you know quote convicted by these these courts these
college you know de facto courts using this extremely low standard of evidence and what did
they do they turned around and sued the college because they're like wait no no no this isn't this is
how it works in the united states now to be clear these weren't criminal proceedings these were
these were like college type courts but joe it became almost like a system of you know i think
the batman movie um this is the dark knight where the scarecrows like presiding over these courts
are guilty i mean folks you have to have, if you're going to convict someone
and basically ruin their entire lives,
you better be sure you've got the right person.
I don't think there's anything controversial about that.
Not that this shouldn't be taken very seriously.
Of course it should.
And these are hard topics to talk about,
but they're the right topics to talk about.
But what I find fascinating about this
is the absolute liberal hypocrisy here.
Liberals are defending, to be clear,
and Joe, if this doesn't make sense,
you have to, you're my ombudsman for the audience.
We don't want to upset that guy on Twitter again.
Right, poor guy.
You're right, Dan, you're right.
Yeah, you're right.
You are absolutely correct.
I didn't even say anything yet.
You're right anyway, Dad.
This guy, the liberals are defending,
not all, but the liberal interest groups are defending this lower standard of evidence on college campuses despite its obvious
problems some innocent people are going to be convicted in these courts and they're already
colleges are already being sued not just one case by the way there's multiple cases
liberals want this lower standard of evidence. Why?
Hold that thought.
Fascinating that the standard of evidence
in Hollywood, preponderance of evidence,
I'll tell you what,
I'm not going to convict this guy
in any kind of criminal proceeding yet,
but Joe, there are a lot of allegations
out there against Weinstein.
Oh, big time. But time but it took what five days for hillary clinton to come out and open her mouth about this about these allegations of sexual impropriety five days so let me get this
straight liberals on college campuses any whisper is good enough to convict someone. Anytime.
And you will defend it to the death.
But when Hollywood's involved and your buddies,
wait, we better take a step back here and walk through the evidence slowly but surely.
I agree.
But I'm consistent.
I want everybody to have that right.
Not just people who are connected in hollywood now why
let's answer the first why first why would they defend that a lower standard of evidence on
college campuses oh i get it because it hires more people in the administrative function
on college campuses who by the way are probably recommended by left-wing think tanks, who were then diversity officers and counselors.
Oh, so it's a job.
Oh, okay.
Now it makes sense.
Now you need administrators for these de facto courts.
All of a sudden, it becomes a jobs program funded by what, Joe?
By taxpayer dollars because Obama nationalized the student loan industry.
Oh!
Oh! Oh!
Oh, that's where the show connects.
Everything all of a sudden makes sense.
You're right, Dan.
So it's...
I am!
I don't know what...
You are.
I mean, what do you want, Judge?
Judge, tell me I'm wrong, just for this guy.
I don't know, Dan.
Wait, what?
What are you saying?
It doesn't make sense.
Okay, thank you.
We'll put that guy at ease.
Joe doesn't get it. Okay, folks.
Now he feels better.
Do you see where I'm going with this?
Obama nationalizes the student loan program.
By default, it's nationalizing our higher education system.
Not directly.
I don't want to be hyperbolic, but enough to really control the cash flow and the flow of funds into our universities.
Universities institute this program.
funds into our universities. Universities institute this program, stigmatizes, basically creates a de facto court system using an extremely low standard of evidence, creates more jobs for
liberals, by the way. It doesn't matter. It leads to multiple lawsuits and other things. They'll
defend it to the death. Yet, here's the second why. When one of their donors is a mega donor
to Democrats and leads, by the way, creates a lot of Hollywood jobs in an industry that sends its money to Democrats, that guy's entitled to beyond, beyond, beyond, beyond a reasonable doubt.
He's to infinity and beyond.
That's that Toy Story cat, right?
To infinity and beyond a reasonable doubt,
because he's a Hollywood guy. He creates jobs for Hollywood, which donates to Democrats.
But no, folks, there's no hypocrisy there at all. Don't worry about it. This is what I'm
talking about with these people. You wonder why I wake up in the morning and I want to always go
into intellectual combat with liberals, because everything they're telling you is either a lie
or a glaring hypocrisy.
They are lying about the debt. They are lying about who pays federal income taxes. They're
lying about the percentage the rich people pay. They're lying about Democrat socialism. They're
lying about the state of taxes in Europe. They're lying about sexual assault on college campuses.
They're lying about their friends in Hollywood to cover up for them. The lies never stop.
Somebody has to call these people out.
And that's always been the goal of this show
from day one. Thank you for
all the feedback. Again, please join my email
list at Bongino.com. I will send you
these articles. I really appreciate it. And thanks for the feedback
on Tucker's show. I have no
problem at all answering
that kind of stuff. You feel the need to email me
and one guy emailed me and he was almost apologetic
Joe. He's like, hey, I'm really, I'm a fan of the show
and I don't mean to have to correct you.
No, brother, we're all good, man.
That is, I'm human like everyone else.
And you know, if I say something and you think,
I don't know about that, you're not doing,
you're not doing me any favors by keeping it quiet.
Send it over.
Danielatbongino.com is my email.
I'm always happy to hear it.
Thanks for all your feedback on the show, folks. I'll talk to you tomorrow. You just heard the Dan Bongino Show.
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