The Dan Bongino Show - Ep. 571 The Plot Thickens
Episode Date: October 18, 2017In this episode - Is this the biggest political scandal of our time? https://legalinsurrection.com/2017/10/recent-reports-suggest-obama-administration-covered-for-the-clintons-on-more-than-one-occassi...on/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+LegalInsurrection+%28Le%C2%B7gal+In%C2%B7sur%C2%B7rec%C2%B7tion%2  More on the explosive Obama/Russia scandal. http://hill.cm/23XT8Da  Single-Payer healthcare will always lead to rationing. Doubt me? Read this piece. http://www.telegraph.co.uk/news/2017/10/17/nhs-provokes-fury-indefinite-surgery-ban-smokers-obese/  Your home purchase is more expensive because of the tax code. https://www.wsj.com/articles/the-realtors-take-a-tax-hostage-1508280805  The media is working overtime to protect Democrats amidst this growing scandal. http://www.washingtonexaminer.com/media-shield-democrats-and-liberalism-from-harvey-weinstein/article/2637832    Learn more about your ad choices. Visit podcastchoices.com/adchoices
Transcript
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Dan Bongino.
They've been tweeting to me, Bongino's a nut, Bongino's a blanker, blanker.
The Dan Bongino Show.
Everywhere big government gets bigger, corruption grows bigger,
and these liberals just keep going on and on and on about how great big government is,
and they can't prove to you any examples of how wonderful big government is almost anywhere.
Get ready to hear the truth about America.
Young kids, you are too stupid to
figure out your health insurances, so we're gonna hammer your cabooses to death until you figure out
that the government knows what's best and you're an idiot. On a show that's not immune to the facts
with your host, Dan Bongino. All right, welcome to the Renegade Republic. I'm Dan Bongino.
Joe, how are you today? Hey, man, I'm doing well, Dan. Doing well.
Listen, folks, I ain't going to be asking you this morning.
I am just not feeling that great.
I mean, like, physically.
I just mean, I am... It's just damn frustrating sometimes.
You know, you do this, we do this, you listen to the show,
and it's like nothing changes sometimes
it's so freaking frustrating so you know i wake up this morning i'm trying to put together the
show and there's a ton of stuff out there to talk about obviously but what's really
absolutely bizarre to me is this uranium one thing with the clint. So now we know, we know, we now know
that there is unquestionably some untoward,
potentially highly corruptive activities
that went on with the Clintons
and the Obama administration selling our uranium.
Uranium, uranium, Joe.
Like we're selling like silly putty to the uranium.
For those of you out there, by the way,
who are liberals don't understand,
like that could potentially be used
in a nuclear detonation
which could annihilate
the entire United States
in large enough quantities.
But let's not worry about that, okay?
Let's not talk about
nuclear annihilation for a second.
So the story breaks history
about this sale,
and there's a bunch of,
Sarah Carter, John Solomon,
I'll put it in the show notes
at Bongino.com.
You can always subscribe to the email list. I'll put it in the show notes at Bongino.com. You can always subscribe to the email list.
I'll email it to you.
The sale of strategic uranium assets
that could potentially annihilate the country, right,
to the Russians,
that Hillary had signed off on it.
To be fair, she was not the only one who signed off on it,
but other people signed off on it as well.
So this story breaks yesterday,
and conveniently, or not so conveniently for the Clintons
it also breaks as well
that there was $500,000 in speaking fees
and another $2.3 million
from people involved in the sale of this uranium
that were given to the Clinton Foundation
as speaking fees.
But don't worry about any of that.
Let's just give a potentially nuclear
substance for a nuclear weapon over to what's now turning into a hostile actor and let's just give a potentially nuclear you know a substance for a nuclear weapon over to
a what's now turning into a hostile actor and let's ignore the whole thing now where's the
media on this now i've seen almost zero stories in the mainstream media covering this at all
now i will put a story in the show notes today from legal insurrection that's short, it's sweet,
it lays it all out.
But the Obama administration oversaw,
despite a federal investigation going on,
where was the FBI in this?
Despite a federal investigation going on,
oversaw the sale of strategic uranium assets
to the Russians while said companies involved
were paying off the Clinton Foundation
in major amounts to give speeches.
But don't worry, everybody.
Everybody shut up and let's keep it super quiet.
Yeah, this is great.
You know, I'm serious, man.
I'm like, I'm sitting here this morning and...
You know, for months we've had to listen to these a-holes in the media.
Talk about this fictitious horror story of the Trump-Russia narrative.
This, like, Stephen King novel. It's totally made up.
It's an act of fiction.
We've had to listen to this for months.
Sickening, disgusting media personalities every day.
Oh, Trump, Russia. Trump
colluded with the Russians to win the election.
How do we know? Because the Russians
bought $20,000 in
Facebook ads and strategic
swings. Oh, yeah, yeah. That swung
the election, you jerks.
Freaking jerks. Idiots. Idiots. That swung the election. Yeah. They spent $1.4 billion collectively. Foundation for $2.3 million in speaking fees
by a uranium company acquiring strategic,
potentially nuclear assets within the United States
by the Russians, a known adversary.
But don't worry about any of that, folks.
Now you want to know why Obama keeps his mouth shut shut about this you notice joe oh yeah where's
obama his mouth he opens his mouth about everything else every time something about
obamacare comes out despite its obvious failures he opens his yapper on the sideline but now all
of a sudden this clinton uranium one deal is breaking and by the way when i say breaking i
mean breaking amongst reasonable people you will hear nothing about this in the mainstream media who is still obsessed about this
stupid Trump-Russia narrative, despite having no evidence at all that there is a Trump-Russia
narrative. And it will focus endlessly on that to the chagrin of normal people who say, wait,
wait, wait, let me get this straight. We sold strategic uranium assets to the Russians overseen by Clinton and Obama while Clinton was its secretary of state.
While the Clinton Foundation received two point three million dollars in speaking fees from said company.
And by the way, it's now alleged that same said company may have been involved
in bribing U.S. officials
to make sure that deal went.
Oh!
Nothing to see there, folks.
Nothing to see there.
We gave strategic nuclear assets
to a foreign enemy
signed off by Hillary Clinton,
Secretary of State,
amongst others,
while her foundation was collecting millions of dollars
in speaking fees.
Nothing to see here, folks.
Now you want to know why Obama's been so damn quiet?
Obama's been quiet because he knows what's going on here, folks.
You know, let me ask you something,
because I'm telling you, i woke up this morning like
yeah cloudy and salty and super pissed off because it's
freaking endless i mean seriously it's like an endless battle against these a-holes on the left
they will defend anything anything we have a civil war breaking out on the right right now
because some people agree or disagree with specific Trump policies.
You have people like me.
I don't pick sides in this civil war.
I pick sides on issues.
I think I'm being fairly critical of Trump when I think some of the policies aren't going to work out.
And praiseworthy of, excuse me, give praise to Trump when they're praiseworthy policies I think will work to the benefit of the American people.
What do we have on the left?
Blind defense of potential criminality because that's all the left has.
They worship their golden calf in Obama and Hillary.
That is it.
Folks, why do you trust these people?
You know, let me tell you something i i only go into this when i'm super salty enough to do it
because my better self stops me before i talk about it on the show ever given that our audience
is expanded when you see what what i saw behind the scenes you would be very hesitant to ever
vote democrat again now now i i understand me you'd be saying. What are you saying?
Democrats are worse than Republicans?
No, I'm telling you they're all bad.
I'm telling you it's a cesspool.
So a logical second follow-up question would be,
well, why make it a partisan argument?
Because actual Republicanism,
the idea of Republican,
constitutional Republicanism, right?
The idea of that is that we limit these people, that our policies support limiting the very people we elect to the party.
Joe, this is going to be careful here, knowing they're flawed.
These people are natural.
We're all natural sinners.
So we support conservatism, constitutional conservatism, because we understand that the Constitution, as we support it through constitutional conservatism, places limits on naturally flawed people to impact our lives in ways we don't want them to because they're all sinners.
Yeah.
So when I say, why do you trust this people?
I mean, all of them.
But when I followed up by saying, why would you ever vote Democrat ever again?
It's because Democrats, you're giving these people power over your lives, despite the fact that they are sinners.
These are not good people.
people power over your lives,
despite the fact that they are sinners.
These are not good people.
Look at what's going on with this Harvey Weinstein thing.
You have Democrats still defending this guy,
but quietly behind the scenes,
they won't come out.
They come out,
they come out quietly.
Do you have people that was,
I'm going to put an article up at the um i'll put the
show notes up on gino.com an article up about how there are media people out there going well
you know this isn't an indictment of people he took money from or anything like that
and all you know what folks you're telling me they didn't know about this guy are you serious
are you telling me a guy who worked with the Hillary Clinton operation, who knew everything about everyone all the time, that they had no idea that this guy was an alleged sexual predator?
Dude, they had to know.
Not according to them, Joe.
It was all good.
He was just a super nice guy.
I mean, this is total, total garbage.
You have this energy scandal right now.
You have this uranium sale scandal.
You're telling me nobody knew about this?
Folks, this reeks of naked political opportunism and a co-joined at the head media cover-up
because these are the kind of people you're dealing with.
You know, if you ever ask, as you listen to the show, like, Dan, you know, I never really get into this too much, but why is a Secret Service agent really give up a really lucrative career?
We made a lot of money, folks.
I'm not going to mess around with you.
You know, Secret Service, you get overtime because we don't do nine to fives.
You don't get a lot, but you get enough.
We make a really good living.
When you're not working in the protection side and you're working on the criminal side you get a take-home car it's a very prestigious job i mean listen morale's kind of collapsed over
the last few years but when i was there it was a very prestigious job why leave to do this
folks you think i was doing it for the money i had no idea by the way my i don't know if i've
ever discussed this or not but my wife and i almost went bankrupt after i left the secret
service that's not a joke.
That's not hyperbole.
We had a difficult time paying even basic bills.
So any allegations out there, oh, you knew you'd work for Conservative Review.
You knew that Fox would pick you up for a contract.
What?
I don't have a contract with Fox.
What are you talking about?
I had none of that.
Conservative Review, by the way, didn't even exist.
Right.
It was an idea in someone's head head i'd never even heard of it folks i left because this is you do
you understand like how deeply the corruption goes in our government these people don't care
you have to hear them talk behind the scenes about you as a strategic asset not as a voter
and a citizen in a constitutional republic that's not how they talk
about you the fact that there was a a secretary of state who planned on running for president
working for barack obama who presided over in many respects in conjunction with the president
united states the sale of strategic potentially nuclear Well, they weren't nuclear assets, but could maybe be weaponized assets
to a hostile foreign power, the Russians,
that they presided over this
and nobody did anything about it.
The media won't cover it.
I mean, how do you not wake up and go,
what the fuck is going on?
I saw this story this morning and I'm like, How do you not wake up and go, what the fuck is going on?
I saw this story this morning and I'm like.
You know.
I just wish Democrats, some reasonable Democrats would wake up and see how their party has been entirely, entirely corrupted by an obsession with big government at nearly, nearly any cost.
The forfeiting away of our legitimacy as a country,
the forfeiting away of national boundaries in the form of immigration,
the forfeiting away of our future when it comes to educational policy,
seeding the minds of young kids through terrible public schools and fighting against school choice, the forfeiting away of our economy by endless public debt and demonizing
anyone that talks about controlling it, you know, the forfeiting away of our own national
sovereignty and legitimacy by painting us all as psychotic nationalists because we believe
in border control.
I mean, how do you read this?
I'm going to put a Kimberly Kaye at Legal Insurrection who
does some good work. I'm going to put an article up by her. It's really short and sweet. I want
you to read it about what went on with this sale of potentially nuclear, you know, potentially
weaponized assets to a hostile foreign power, all to make sure, it appears at this point,
that the flow of money kept going to the Democrats
and they're speaking for you and all this other stuff.
Folks, we got, I mean,
you know, I wrote my book,
we got to get big, man.
It's time for all of us to step up and cut this crap.
Really, it's time for Republicans to flush the toilet bowl
and get rid of the garbage in our party.
And man, do we have a lot of it.
It is time for the Democrats to wake up and say, wait, I didn't sign up for this.
OK, I did not sign up for this.
You don't know. I'm not telling you to vote Republican.
I'm not telling you to vote anything, but I'm telling you right now.
This is, again, saying the biggest political scandal of my generation means nothing because there have been so many scandals with the Obama administration.
The idea of the biggest political scandal has been watered down to mean almost nothing. How do you not
understand what's going on here? If you're a Democrat, we sold potentially weaponized assets
to the Russians, to companies backed by the Russians. Listen to me, open your freaking ears.
We sold potentially weaponized assets because speaking fees flowed into a
foundation run by the future democratic nominee for president hillary clinton and you don't think
anything is wrong there you're a freaking disgrace if you don't think anything's wrong there
a disgrace to your country and embarrassment you're a joke You are not a U.S. citizen. You are a U.S. adversary
posing as a U.S. citizen who takes all the benefits of U.S. citizenry.
You're a fake. You're a fraud. You're not interested in getting to the bottom of any of
this because all you want to do is cover for your golden calf politicians. Folks, just read this story, this legal insurrection story I'm going to have at the show notes. Just read it.
and read the story of how we sold our country out to advance the political interests of a future Democratic nominee for president
and the current, or at that time, current president in Barack Obama.
And where's the media, Joe?
You heard anything about this in the media?
Hell no.
You disgusting pigs in the media? Hell no. You disgusting pigs in the media.
Pigs.
Pigs.
Pigs.
Pigs.
There I said it.
You do nothing.
You do zip.
You do zero.
You have focused for months on this Trump Russia fairy tale.
You have zero.
months on this Trump Russia fairy tale you have zero you have not produced a scintilla of evidence that anything illegal was there some questionable behavior yes absolutely was it worth looking into
it's always worth looking into but you have shown no evidence at all of any criminality, frankly, any corruption. And yet you have a scandal of epic proportions,
the sale of nuclear assets to a foreign adversary
sponsored by a Democrat administration
and the future soon-to-be Democrat nominee
for President Hillary Clinton, and you do squat.
You do squat.
Now you wonder why I tell you do not click on their sites, humiliate these people at all costs. They are not the media and why I support absolutely
no measures to stop them because I believe in freedom at all costs. And believe me, Joe,
it's costing us a lot right now because these people are spewing propaganda. The alternative is far worse.
It's far worse.
What are we going to do?
Censure them?
I mean, really, what are we going to do?
There's nothing to do.
A-holes are going to be A-holes in the media.
And living in a free country, we have to pay the price.
They do nothing.
I didn't even intend to talk about it I really I had like three four other things
but yeah
it's a freaking disgrace
it is important you're damn right it's important
we had a sitting Democratic
administration with the future Democratic nominee
preside over the sale of strategic
nuclear assets to an adversary
while said Democratic
nominee's foundation is collecting
millions in speaking fees and nobody in the media gives a shit.
Are you kidding me?
Folks, is this a joke?
Seriously, is this a joke?
My God.
I don't know why you trust these people.
Really, if you're a liberal, listen to my show. I don't know why you trust these people.
Really, if you're a liberal, listen to my show.
The hell do you trust these people for?
All right.
I got a couple other things to get to.
Sorry to Brickhouse, by the way.
What a segue. Hey, it's such a great brother.
On a lighter note, you know our friends at Brick brick house nutrition are very good to us they sponsor
the show they keep it free for all of you so that uh you know obviously you don't have to pay for
the content we hope to keep it that way for a really long time but this is a really good company
folks we're we're getting a lot of solicitations and i think it's due to you and the growing
audience for the show uh for people want to advertise here and i i do appreciate it but one
of the guys uh that i really want to stick with for a while is Miles from Brickhouse Nutrition, because he's a good guy.
These guys are great. I've been with them from the beginning. They've been with me. I tested
the products out first. They make some of the best nutrition products on the market and the
product has been selling unbelievably well. I get incredible feedback from my forward,
all the great emails on to Miles from the company. For those of you who sent me
feedback on it, it's dawn to dusk. It's an energy product and miles and the and the doc over there figured out listen there's a big
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of coffee give me a give me a triple quadruple times 10 latte and by the way to dump a few
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these guys figured out a way to time release a really good potent uh caffeine based product
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tremendous reviews on this product it's called dawn to to Dusk. Go give it a shot. Doctors, nurses, cops, working parents, soccer moms who have busy days. It's
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All right.
You know, I'm sorry about the salty nature of today.
This has been very salty and I get that.
And I, listen, if it turns some of you off,
I understand.
I always get emails after this saying,
not my cup of tea, but I'm sorry.
I'm not going to BS you and pretend to be someone I'm not when I'm,
you know, when I'm not really in,
I'm not in that mood to be Captain Nice Guy today.
I'm sorry.
There's a lot going on right now that's bothering me too.
And, you know, let's move away from the Uranium One Democrat.
I mean, this is the biggest scandal I've seen since like Watergate.
And of course the Democrats will ignore it and so will the media.
Because I haven't seen anything.
But there's another thing that's bothering me now too.
And it's the, you know, me first-ism.
And folks, listen, I got to be candid. I know people listening to this in these industries
are not going to like it, but my job here is not... I'm too old right now to start catering
to interest groups, okay? I didn't do it when I was running for office and I'm not going to do it
with my show. And some, some, not all, but there are some people in the real estate industry who
are telling people things right now that are just not true in an effort to preserve you know me first ism and it's not fair now i get it some of your complaints
are legitimate some of the complaints that i'll describe what i'm talking about in a second but
some of the complaints are legitimate they'd say well you know why would we give up a tax code
that benefits us in the real estate industry joe if nobody else gives their things up which
perfectly legitimate response i get that because i'm trying to be fair and not overly emotional us in the real estate industry, Joe, if nobody else gives their things up, which perfectly
legitimate response.
I get that because I'm trying to be fair and not overly emotional about it.
You see what I'm saying, Joe?
If there was a tax code written, which we have now, that say benefits companies A, B,
C, D, and E at the expense of you, meaning they get tax breaks you don't get, which means
you have to make up the difference to the treasury because those companies A, B, C,
D, and E are not paying the amount they would that you pay.
Yeah.
Like in Maryland.
Yeah,
yeah,
exactly.
Now I totally get it that company a,
if they lose their deduction and BCD and E don't lose theirs,
I totally get it.
The company a would say,
Hey,
that's not fair.
I mean,
I get it that we're doing our part to contribute to a more fair tax code
where everybody embraces the same amount of kind of what social responsibility or every Democrats part to contribute to a more fair tax code where everybody embraces the same
amount of kind of what social responsibility or every Democrats want to refer to it. But what
about B, C, D, and E? Those companies, they still get their breaks. Totally legitimate and fair.
But there's a very good proposal on the table right now to double the standard deduction for
people that the real estate industry is fighting.
A lot of people in it, a lot of lobbyists,
despite, Joe, very little evidence
that it's actually going to hurt the real estate industry.
Let me tell you what I'm talking about.
And again, I always do numbers on this show.
These articles will be in the show notes.
You can check them out.
This one's from the Wall Street Journal today, right?
Let me get to the...
Okay, here.
So right now, you get a deduction for the interest you pay on your
mortgage. Now that's a big deal. So let's say you have a hundred thousand dollar loan and your
mortgage interest is 4%, 5%. They're pretty low right now, right? In the early years of your
mortgage, most of you understand this, forgive me for going over it again, but it's important to
make the argument and to tell you why I'm so upset about it. In the early years of your mortgage, and most of you understand this, forgive me for going over it again, but it's important to make the argument and to tell you why I'm so upset about it.
In the early years of that mortgage where you haven't paid down a lot of principal,
at that level of a loan, $100,000, $200,000, $500,000, these are home mortgages, right?
These are the prices of homes. They're not cheap. The early payments you're making are largely
interest and not principal, meaning you're not really paying the $100,000 down much, Joe.
You're only paying the interest
in the early years of the loan.
This is pretty standard financial economics,
nothing complicated about it.
The interest you're paying on the loan
is tax deductible.
Now, that's a specific carve-out
for the real estate industry
that works for the real estate industry
because that tax deduction
enables you to pay less in taxes. So what you're paying for the home estate industry because that tax deduction enables you to pay less in taxes.
So what you're paying for the home, Joe, is really not what you're paying because you're
getting some of that money back in the form of taxes you would have paid otherwise.
I know that's complicated.
I'm sorry if it's overly complicated.
All I'm trying to tell you is what you're actually paying in your monthly mortgage is not what you're paying because you're getting some of it back in the form of a tax return.
It's your money, but you're getting it back in the form of a tax return. So it's not the actual
bill, which makes the product in effect, Joe, cheaper. Now that doesn't work for every single
industry. There are a number of industries where you can do write-offs and stuff, but it works specifically for real estate
and makes the cost of real estate,
what they think,
to be effectively cheaper.
Because if you were going to pay,
say, a $1,400 a month mortgage, Joe,
but through the tax code,
you're getting a couple hundred dollars a month back,
you're really only paying like $1,200, right?
Now, folks,
these distortions in the tax code, though,
in effect drive up demand.
And what do they do?
It competes back up the price anyway.
So in real estate, their lobby,
and email me if I made this overly complicated,
but it's important to understand
how we're all going to have to take it on the chin
and get big, damn it.
We're never going to fix the economy
if all of us want to hold on to our little thing.
Sooner or later, we're all going to have to give something up and get big here.
If we hold on to this, the irony of this real estate interest deduction carve out on your taxes, Joe,
is that it is not, in fact, making home ownership more accessible.
It's making it less accessible because the deduction actually drives up the sale price of the home
because people then know you have extra money to spend
because what you'd be paying in interest and mortgage is not what you're paying
because you're getting some of it back in your taxes.
It's the equivalent of saying, hey, Joe, buy this golden egg for $500,
but don't worry, you're going to get $100 back on taxes.
Well, the price of the egg is then $400.
It's not $500, right?
Right.
If you paid $500, you got $100 back.
It's $400.
It's not.
It's not $500.
Right.
So what happens then?
Well, over time, people eventually figure out you're going to get $100 back through
the tax code for the purchase of an egg.
And what's the price then?
$600. $600. That for the purchase of an egg. And what's the price then? $600.
$600.
That's what's happening with houses.
Now, you think I'm making this up?
You think I talk about this stuff and just invent this out of thin air?
Casper the Friendly Ghost stuff?
No, this is real from today's Wall Street Journal.
The realtors say the GOP framework will reduce the incentive to buy and own homes.
Let me just stop for a second.
The real estate lobby is suggesting that if we get rid of that tax deduction, Joe,
in other words, you can't deduct interest on a mortgage anymore and you're paying the full load.
They're saying, well, this is going to reduce the demand for homes because you're not going to get
your $1,500 mortgage. It's $1,500. You're not going to get a deduction for the interest anymore.
You get what I'm saying? If you're not going to get a deduction for the interest anymore. You get what I'm saying? Mm-hmm.
You're not going to get, whatever,
a $200 deduction,
which would make it $1,300.
You're not going to get that.
So the realtors are saying
this would reduce the incentive
to buy and own homes.
Now, moving on with the piece.
This is highly doubtful.
Home ownership is higher in countries
with no deductions, such as Canada,
where home ownership is 69%.
The United Kingdom, 71%.
In the United States, it's 64%.
So Joe, you have Jay's abacus there?
Yeah.
Get Jay's abacus out for a second.
Do me a favor.
So they have no deduction for mortgage interest in Canada,
and it's 69% homeownership, okay?
Okay.
Now 69.
69, the United States, with the deduction for interest is 64 percent do the abacus for us jay's abacus is 69 this is the question yeah greater than
or less than 64 69 is greater, Dan. 69 is greater.
Oh.
Greater.
Oh.
Again.
So again, economics wins in the end
because economics goes by these strange laws
known as mathematics,
where two plus two equals four, not 4.762.
It's never going to happen.
It's like fetch, okay?
As I've said for mean girls,
fetch is never going to happen, Gretchen. it's not going to happen. You are not. You cannot manipulate the tax code to make a home cheaper without actually making the home cheaper through productivity. It doesn't work that way. You cannot fabricate value out of thin air and you cannot fabricate value through the tax code. If you make a home cheaper
through the tax code by manipulating the tax code, you just drive up demand for said home.
Driving up demand for said home, Joe, makes the price what? Higher. I mean, does this make sense
how the rules of economics work? If I make a bagel artificially cheaper than it should be,
say the bagel costs a dollar, and I say I'm going to compete away in the neighboring store and I'm going to make my bagels 80 cents.
Even if I have to go out of business.
I got news for you.
You will.
Because people will flood your store for the 80 cents bagels rather than the dollar bagels.
Until you have to produce bagels at a loss and you eventually go out of business.
You may say to yourself though, Joe, well, how does this work in the government?
If everybody's losing money. because the government runs massive debts, the bagel store can't do that. The bank will cut them off. But the United States government has the monopoly
power over printing money. Folks, they can print endlessly print endless amounts of money to
finance their own debt and printing endless amounts of money to finance their own debt and printing endless
amounts of money to finance its own debt has a double whammy effect it lets the government spend
your money print money to pay itself off and by the way by printing more money it devalues the
money you have now since when does more of anything make it more valuable? Right, right. By printing more money, it makes the dollar,
it's a pernicious tax.
Printing endless amounts of money
destroys the value of the money
you now haven't already earned.
That's what's going on right now.
We all have to get big, folks.
Man, it is like, it's really frustrating. And you man, it is like,
it's really frustrating.
And the,
you know,
the real estate,
I understand the real estate lobby.
I get it.
I am not insensitive to people's needs,
but listen,
I'm not speaking with forked tongue here.
I took it on the chin.
I left my job.
I told you in the beginning of the show,
there was no guarantee.
Any of this would have ever worked out that not that one of you would have
listened to it. I didn't even know about the renegade republican i only knew
joe from wcbm the local radio station right i met him one time i was doing a hit on his morning show
for when i was running for senate the idea of the podcast came on way later we had no idea we were
going to make any kind of money or income off this at all conservative review didn't even exist but
we all had to get big and take it on the chin. I'm asking people in the real estate industry for the better of the country,
stop fighting this. What they're fighting right now, I'm sorry, let me sum this all up so I can,
I got another story I want to get to, but to be clear, and maybe I should have started off with
this, what they're fighting is a doubling of the standard deduction. The standard deduction from roughly $6,000 per person
to $12,000 per person.
Why does that matter?
Because if you live in a home
that's roughly $200,000 or less,
right now you get a standard tax deduction.
You won't pay taxes on your first $6,000 in income.
Okay?
Now, not everybody, the country's largely middle class folks.
Not many people.
Matter of fact, two-thirds of them just claim that, Joe.
But one-third of people who make a decent amount of money and have bigger mortgages
have bigger interest payments on those mortgages too.
Those interest payments are tax deductible.
And it works out to be that the deductible interest payments on those mortgage are more than the standard deduction.
So they will choose to itemize, meaning claim that the interest deduction instead of the standard deduction.
Does this make sense?
the deduction from 6,000,
the standard deduction from 6,000 to 12,000, Joe,
that less people will find it profitable to then itemize their mortgage interest
and the mortgage interest deduction
that goes to the real estate lobby
and benefits them by creating higher demand,
that that wouldn't turn, go away.
That's the gist of what,
that's why they don't want it to go away.
But how does this hurt anyone?
This is better for the economy all along.
There's no, and they're fighting it,
which is, I don't get, I'm sorry.
I get it.
I don't get it either.
It doesn't make sense.
And they're trying to say,
here's a piece.
Let me just read quick.
This is from this Wall Street Journal,
because it's a good one.
It says, two thirds of all income tax filers already take the standard deduction meaning
they don't claim the interest on their mortgage joe they don't use it to benefit themselves with
taxes that two-thirds of them or don't don't use it at all increasing it to 12 000 would mainly
affect homeowners earning between 50 and 100 000 who who on average itemize 7,000 in mortgage interest
and 6,000 in local and state taxes. Some of these middle income itemizers, particularly those with
smaller mortgages who live in lower tax states, would instead take the standard deduction,
meaning they wouldn't have to use their home to offset their taxes. And the real estate lobby
is worried that that'll reduce the demand for homes folks that doesn't make sense allowing people to deduct more of their income just because it
doesn't benefit you is no way to ingratiate yourself to the american public going forward
we're all gonna have to get big a little bit i'm sorry
i'm sorry if that bothers you. But it's not the right thing.
All right, before we move on.
Hey, have you picked up a box of emergency food from My Patriot Supply?
Folks, go to preparewithdan.com.
You know, in this age of, seriously,
there's so much chaos going on right now.
We've already seen what happened with these natural disasters in Puerto Rico
and our very busy hurricane season. Folks, it makes absolutely no sense to not have a supply of emergency food,
none. I have, I mean, my closet in my bedroom is about, I kid you not, about a third full of
emergency food and emergency supplies. My Patriot Supply will give you a one-month supply of
emergency food for just $99 if you go to preparewithdan.com. Folks, it's an essential
item to have. It lasts 25 years. You just need water to prepare it, not having emergency food.
In this day and age with these crazy North Koreans and everything going on, it's just a small
insurance policy against starvation. Go pick up a box. I have quite a few boxes. Go to
preparewithdan.com. That's preparewithdan.com that's preparewithdan.com
maybe I'll take a picture
of my closet
in case you guys
think I'm making this up
I started a while ago
with a
before I knew about these guys
with a different company
I have a box of that
and I have like
five or six boxes
of
from preparewithdan.com
of Patriot Supply
emergency food
it makes no sense
not to have it
ensure yourself
against a
a shortage in food folks it doesn't make any sense not to have it. Ensure yourself against a shortage in food, folks.
It doesn't make any sense not to, all right?
Go to preparewithdan.com.
Pick up your box of emergency food today.
Super easy to prepare.
Like I said, you just need water.
All right, here's the last story I want to talk about today.
And it goes along the lines of the dangers
of falling into the leftist propaganda trap.
And I guess you can tell I'm pretty salty today.
This came from a listener.
I always appreciate you all emailing me this stuff.
It means a lot to me.
I read most of it.
Unfortunately, some of the articles you send,
I've already seen from other people.
So that's the only reason I said most of it, not all of it.
So the NHS, the National Health Service,
which is government-run healthcare in the United Kingdom,
the National Health Service,
is looking at banning surgery indefinitely, Joe, from patients unless they lose weight or quit smoking under controversial plans that were just brought up.
Now, folks, again, the dangers of turning over the locus of control from you and your life to the government.
Now, let me be crystal clear.
I'm a health nut.
I can't be more candid with you.
I have no idea why you'd be smoking.
None.
There is no area of unanimity,
I think, more in public health
that, yes, you're killing yourself slowly.
Whatever.
Your call, not mine.
You know, do your thing.
Knock yourself out.
I'm just telling you my mother smoked
and it...
I'll leave it at that.
It's not been good.
Very bad.
Both. If you... Nah no i better not say okay it's just bad super bad now having said that though what's even worse is empowering government officials
empowering government officials to withhold services people have worked to accumulate their
entire life because you are the locus of
control government rather than people withholding potential life or death decisions from people
because they smoke folks do you understand how dangerous of a i'm going to put this article in
the show notes please check it out it's a good one to send in by a listener the nhs is considering
indefinitely banning people from life-saving procedures here unless they lose
weight or quit smoking now you may say to yourself oh well well why should a doctor you know waste
his time on a patient who smokes who may just die a few weeks later wait what wait what come again
on that now where does that end joe because you want me to follow you around tell you what let me follow you around
right let me see okay let me let me read you a quote for a second does the senior surgeon involved
with this he was concerned that the latest rules were just the tip of the iceberg he raised concerns
about the fact that such policies meant patients were refused a referral without even seeing the
specialists who should who should take such decisions this This is really scary stuff. And here's why.
Let's say I follow you around all day and I find out you're speeding.
Folks speeding, I mean, people who are really dangerous drivers, listen, they may not have the danger of death probability speaking using strict sets of mathematics, the death, the
likelihood of an early onset death that a smoker would have. But I assure you, it's a lot higher
than the average person. Do we stop health care from them, too?
I mean, what about people who eat a subred hot dog?
Remember those, the old New York hot dogs?
What about people who, I mean, listen, are hot dogs, are they a health food?
I don't know.
I mean, are we relegating medical care now to people who only drink protein shakes?
I mean, I'll be honest with you.
I like hot dogs.
They're pretty darn good.
They may not be the healthiest thing for you,
but folks, we're free beings.
This is an unbelievable article.
This was sent to me.
I read it, and I'm like,
that the fact that this hasn't elicited a greater outcry,
again, in conjunction with the story I started
with the Uranium One deal
and how the media is completely quiet,
speaks to the complicity of the big media complex
and their alignment with big government values.
Anything that's big government values is automatically default position
considered to be good.
Do you realize that this is, that the slippery slope here is inevitable?
First it's smokers, then it's people who are overweight.
What is it next if you don't work out?
Listen, I like to work out.
I don't think you should be forced to do it. I don't think you should be I like to work out. I don't think you should be forced to do it.
I don't think you should be forced to eat good food.
I don't think you should be forced to stop smoking.
I think it's really stupid to smoke.
I think it's really stupid not to work out
and really dumb not to eat a healthy diet.
But I don't think you should be penalized
by an all-powerful government
that has a monopoly on force, folks.
The government has a monopoly on force
that you should be penalized by them
for making free decisions
of your own volition and free will.
Do you understand how turning that locus of control over from the individual
to the government can only lead to a slippery slope downhill?
What if you work out to the point that you've injured yourself?
What if you play sports to the point that you've injured yourself?
You know what? That is a fantastic point.
That is an excellent point.
I didn't even think of that.
I'm not going to say who because I don't want to open myself up to lies
because these people are, you know.
But there's a lot of workout folks out there,
and there's a certain type of working out where some people claim
that they take it overboard and they get hurt there.
I mean, what do we do then?
Not pay for their orthopedic surgeries?
I like to grapple. I'm a free guy. He's grappling. You know what?
I like Brazilian jujitsu. I've been injured a couple of times in there. Folks, it's called
life. It's called livelihood. It's called the ability to make your own decisions in a free
world. When did we start supporting tyranny? This is unbelievable. I'll read the piece. It's over
there. And it just, again, speaks to you, this pernicious big government influence trying to move people in a direction against their will. You don't want to quit smoking. Fine. You should suffer the consequences yourself. But forcing people to quit smoking and saying, listen, if you don't, we're not going to give you a life saving surgery. Are you kidding me? Well, I mean, what are you, the great Oz? This is unbelievable. Folks, read the story and and maybe you'll see why I'm so salty today
with all this BS going on.
It's just really pissing me off.
I'm sorry.
Sorry about the language.
You may have to beep some of that out, Joe.
Yeah, I will have to beep some of it out.
Sorry.
I read that story today about Uranium One,
and I wasn't feeling that great.
All right, folks.
Thanks again for listening.
I appreciate it.
Please subscribe to my email list at Bongino.com.
I will send you these stories directly to your email box every day.
Thanks a lot.
See you all tomorrow.
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