June 10, 2025 • 39 mins
The midterms could be handed to the Democrats on a silver platter if the Big Beautiful Bill does not pass.
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Speaker 1 (00:00):
Michael, I haven't heard anything in this big Beautiful Bill
that applies to those of us who don't have children
living at home, or have children at all, or who work.
Speaker 2 (00:19):
Uh do do do? Do? Do?
Speaker 3 (00:25):
What we're witnessing excuse me, while we're witnessing the Big
Beautiful Bill?
Speaker 2 (00:31):
Is this.
Speaker 3 (00:34):
Nothing's changing. It's it's the same old, same O. Now
I'm allowing to talk back to cause me to chase
a squirrel, So I don't. I can't give you the
details because I don't have those notes in front of
(00:55):
me right now. But there are some actual government spending
cuts in the Big Beautiful Bill. That's just a fact
of life. It does cut. I must be DYSLEXI. I
don't remember whether it's nine point four billion or four
(01:16):
point nine billion, but there is some dollar amount that
is actually reduced. So some programs are cut back. They're
not eliminated, but they are cut back. In the Congressional
Budget Office stereotypically fails to take into account growth. Now
(01:37):
why is that important? Because when you have growth, when
the GDP increases, it increases because there's more economic activity,
which is a result of either growth in business or
growth in the number of taxpayers. More taxpayers means obviously
(01:57):
more tax income, but it also means more spending, and
more spending means that businesses that provide products and services
are growing, so they're spending more money, and all of
that results in more taxation, in which results in more
revenues to the treasury. And the CBO just does not
(02:19):
take into account growth. So if there is some growth
over the next four years, then and if growth does
exceed you know this measily, you know, one point whatever
percentage we've been experiencing, and it does get up to
even three or hopefully even four percent, then some of
(02:44):
the you know, additional revenues could be used to offset
and reduce government spending. But of course politicians won't do that.
And because we have such a thin margin, both the
House and the Senate, people whom I respect, like Ran
(03:04):
palland And in the Senate and Thomas Massey in the House,
are both threatening to not vote for it. And if
they do, and their vote is the reason for the big,
beautiful bill to fail, then we've just handed on a
silver platter the midterm elections to Democrats. And yes, I'm
(03:30):
being purely partisan, purely practical, purely selfish in that, even
though there are many things in this bill that I
do not like that I think are a betrayal of
the promises made by the President, that I think are
going to put us in a worse position fiscally, it
(03:53):
is offset by maintaining the current tax rates, although personally
I wish they would reduce the corporate tax rate. Even further,
I wish they would reduce the income I wish they
would squeeze down the income tax brackets, including for the wealthy,
whatever the hell that means.
Speaker 2 (04:13):
Because.
Speaker 3 (04:15):
Compared to the woman that was sleeping over here on
Bellevue this morning when I came to work, I'm wealthy.
Speaker 2 (04:24):
Compared to what a rod makes, I'm poor.
Speaker 3 (04:29):
So for the wealthy, whatever the hell that means, I'm
for giving them a tax cutch as much as I
am anybody else but we And then the bill doesn't
do a lot of things that I think would make
a huge difference in growth. Eliminate the capital gains tax,
or in terms of the housing industry and the housing
(04:51):
market right now, get rid of the get rid of
or reduce one or the other. I don't care either one.
The capital game on the sale of your home. Oh
but Mike Lave, We'll have to pay tuxes at my
house if I sell my house.
Speaker 2 (05:05):
Oh, yes, you do. I forget exactly what. I don't know.
I don't remember what the rate is. But for a
couple filing.
Speaker 3 (05:15):
Jointly, when you sell a house, I think the first
maybe five hundred thousand dollars is exempt it. I don't
know what it is first, the first five hundred thousand
dollars of gains. So, of course your gains has to
take into consideration whatever your basis is. So if you
bought your house for let's say five hundred thousand dollars,
(05:38):
but you had a four hundred thousand dollars mortgage on
and you put one hundred thousand dollars down, your basis
is four hundred thousand dollars. So if you sell that
house for eight hundred thousand dollars, your gain is four
hundred thousand dollars. Get rid of Get rid of that.
(05:58):
Encourage people to sell their homes. Take away that. I
mean people you know, for you, for you, I don't.
I don't want to give you the details of my finances,
but I look at and I don't need it. It
just irritates me. That I can't do it, But I
(06:18):
look at some of the games that I've made on
some of my stock investments, and I do believe that
we're headed for I mean, I stops. I mean investing
the stock market is is a lot like going to
Las Vegas. But I'd like to cash out some of
that stock because I know it's probably a little overvalued,
(06:40):
and I'd like to get some of that profit out
of there. But I don't want to pay the capital
of games tax on it right now, and particularly in
And I haven't filed my taxes for last year yet.
I have an extension because I have. I had to
wait for a for a one case statement to come
in before I one KK one statement before I could
(07:03):
do it, and it finally arrived a few weeks ago,
so I got to get busy to do my taxes.
But I think, I think this past tax year is
going to be particularly rough for me. This year, maybe
not so much, I don't know, But I say all
of that because it seems to me that and maybe
(07:23):
I'm just maybe my perception is blinded by this stupid
idea that.
Speaker 4 (07:31):
You know, putting one.
Speaker 3 (07:32):
Thousand dollars in a savings account when your child is
born in an index fund is a great idea. You
ought to go do that, You should do it. But
why is it that Trump and all those people you know,
(07:53):
including Michael Dell and the CEO of Goldman Sacks and
everybody else sitting around that big table yesterday, all are
sitting there touting what is basically a government mandated savings
plan kind of like, oh, social Security, and we know
how well that's working out, and whether you want to
(08:13):
believe it or not, taxpayers are on the hook for
all of those unfunded liabilities and Social Security, which will
be covered either by a reduction and benefit and an
increase in taxes or probably both. You take the Public
Employees Retirement Association in Colorado that covers all of these
public employees, they are unfunded liabilities in there. The pension
(08:38):
Benefit Guarantee corporation is going to have to cover those.
If at some point they're not able to cover those liabilities, well,
that will fall on the pension benefit Guarantee corporation and
guests who will end up ultimately, when everything's said and done.
Speaker 2 (08:55):
Cover that.
Speaker 3 (08:56):
Taxpayers is just starting to piss me off. And and
maybe it's because maybe it's because I feel a little foolish.
I feel a little foolish because I really thought, even
though I was disappointed in the numbers, that I mean,
those came up with some fascinating numbers, and and I
think that that those DOSEE teams were doing really good work.
(09:21):
But I also recognize that in DC it takes time.
They you know, what they were doing is is they
were picking the low hanging fruit, the very obvious waste,
fraud and abuse. They had not yet really gotten into
what I would.
Speaker 2 (09:38):
Call the true.
Speaker 3 (09:41):
Uh, the true tenderloin, the true prime rib, the true
the true best cuts of meat that they could start
cutting to really make a difference in the federal budget,
because I want you to. And the reason that bugs
me is we're going to continue to pay out the
(10:03):
wazoo in taxes. We're going to continue to borrow to
cover the deficits, which all of which sucks money out
of the private sector. And every dollar that's sucked out
of the private sector is really not going to unless
it's going to the US military, is not going to
anything that I would say is a productive federal program.
(10:28):
Whereas that dollar that we take out of the private
sector and throw over into the public sector.
Speaker 2 (10:34):
You know, I might.
Speaker 3 (10:35):
I might throw education in there, teaching, but then you
got all the problems with current status of public education,
so I'm not really sure I can say that. But
the point is every dollar that's pulled out of the
private sector is a dollar that's not spent or invested
in something productive or of value that would result in
(10:59):
some way one paying oh I don't know, a sales tax,
or a property tax, or a state or a federal
income tax, which would help fund the things that we
really should be funding, roads, bridges and highways, national defense,
national security, no or for that matter, customs and border
patrol and ice. With all the stuff going on in
(11:22):
Los Angeles and probably soon to spread elsewhere, it drives
me crazy.
Speaker 5 (11:30):
And it.
Speaker 3 (11:34):
I'm going to say something that although I believe it,
I don't yet believe we reached the point, although I
think we're pretty close to the precipice were at some
point this is going to come crashing down. It is unsustainable.
Everybody likes to use the word sustainable. Oh, I you know,
(11:56):
my company's all sustainable. I heart likes to claim how
we're a sustainable top. It's all bull crab, It's all
total bull crap. You know, you think that when you
recycle you're doing something good.
Speaker 2 (12:09):
You're not.
Speaker 3 (12:10):
It's just it's going to some third world country where
it gets thrown into a pit somewhere. It ends up
in the ocean. I sound like a liberal now, don't like.
But it ends up pluting and it ends up you know,
just all this waste. Well, the same thing's going on
in this country. We just keep borrowing and borrowing and borrowing.
You know, one of my American financing spots, I talk
about how Americans are a trillion dollars in credit card
(12:32):
debt and credit card delinquencies.
Speaker 2 (12:34):
Are on the increase.
Speaker 3 (12:35):
Well, that's just an indication that the economy is really
not doing all that great, even though there is some
good news in the economy. So what happens is we
fail to step back and in that kind of DC parlance,
we don't look at it from a thirty thousand foot level.
We look at these individual stories. Oh, the job's number
(12:57):
is pretty good. Oh, most of the job grow in
which I've got a story here to talk about. Most
of the job growth that we've seen since Trump's taken
office has actually been in the private sector, not the
public sector, whereas under Biden it was almost ninety percent
in the public sector. In other words, non productive job growth,
just more bureaucrats. But when you focus on each of
(13:24):
the individual little stories and you don't step back and
look at the giant picture, we continue to go into debt.
You know, I think the debt ceiling is a joke
because the debt ceiling is an artificial It's like having
(13:47):
a visa card that has a debt limit on it
versus an American Express card, you know, the American Express card.
Your spending limit is just what you spend. Well, that's
truly what we do at the federal level. We just
spend while we're going to spend, and we're going to
borrow to make up the difference when we don't have
enough revenues into the treasury to cover our current spending,
(14:10):
which creates a budget deficit, so we borrow to cover
that deficit, which then adds on top of the existing
federal debt. So the debt limit, the debt ceiling is
an artifice. And they and they and Trump wants to
get rid of it. Well, practically speaking, we ought to
get rid of it because we're not going to default
(14:33):
but we go through these stupid fights where if Republicans
are in control, then Democrats bitch about the debt limit,
and vice versa. Democrats are controlled, then we bitch about
raising the debt limit and it always gets increased. And
having that having that artificial level does nothing, nothing whatsoever
(14:56):
to stop us from spending. Just keep doing it and
doing it and doing it, and it drives me nuts.
I think what we're witnessing is and this is the
nuance that we're going to have to deal with when
it comes to Donald Trump. Donald Trump is and will
(15:19):
continue to do a lot of really good things. Donald Trump,
like any other president, will do things that I am
going to disagree with. It doesn't mean that I've gone
you know, that I'm a Bernie Bro, that I've gone
full on socialists, or if I do agree with something
(15:40):
that I think that you may think is socialist, that
it's just we don't do any nuance when it comes
to these political issues. I am one pleasantly surprised about
my criticism of these one thousand dollars savings accounts because
(16:02):
and maybe you just haven't send me the text message yet,
But I think there are just as there are people
who are Trump derangement syndrome, who think that Trump can't
do anything right. There are also people who are such
Trump sycophants that Trump can do no wrong. Both of
(16:23):
you are wrong. Trump is like any other president right now,
with the exception that on a few issues he's actually
following through and doing what he said he would do.
And that number one issue right now is immigration. And
so what's happening all the people that are inflicted with
TDS doesn't make a difference whether the issue, I mean,
(16:47):
the issue could be anything. It just happens to be
immigration and the deportation of illegal aliens. And so that's
causing the left's heads to explode because we've gone for
so long with this Marxist ietyology of open borders, no sovereignty.
(17:07):
You know, the world is just one big global government,
just one new world order. And that's just not the case.
Even some European countries are starting to wake up and
recognize that we cannot sustain unlimited, unfettered immigration into our countries.
(17:29):
It destroys the culture, It destroys Western civilization. It uphends
the social compact that the Danes or the Swedes, or
the Germans or the Brits or the French, or the Americans,
or any of the Canadians or anybody else has And
so you have this fiscal issue going on with the
(17:50):
country at the same time that we have this immigration
issue and all these social issues and cultural issues going
on and trust, which I applaud is bringing a lot
of that to the HID and I thought the government
spending would be one of them. And I guess today
(18:11):
I'm just I'm pissed and disappointed at the same.
Speaker 6 (18:15):
Time, Michael, all the low hanging fruit is still on
the tree for the government. Those found all the fraud,
waste and abuse. But the government and the district judges said, oh, well,
you can't close the Department of Education, you can't close
all these agencies, you can't close USAID. And guess what,
(18:38):
all that fraud, waste, abuse is still happening. And I'm
not happy.
Speaker 3 (18:45):
And part of the process that you and I will
have to endure or at least sit back and watch,
is the entire judicial process. Most of not all of
these cases are going to get to the US Supreme Court.
I just don't see the court turning down, particularly the
(19:06):
issue about nationwide injunctions and the issues that go to
the heart of presidential power about impoundment or recision or
shutting down, you know, laying off doing whatever the executive
is supposed to do. Because all executive authority in our
country under our Constitution is vested in the President of
(19:28):
the United States. So the court is going to have
to weigh in on that at some point, either by
affirmatively taking a case or finding a case that reflects
what their opinion is and refusing to refusing to hear
that case and letting that ruling stand. Before I move
(19:51):
on to a little bit about a side issue about
the riots, Here's a text message that kind of puts
everything in perspective. It comes from a listener, Giber number
fifty one forty three. Michael, My mom, Beverly is dying.
(20:15):
She has been at Peter Valley Hospital for nine days.
She is on oxygen, suffering from COPD and pulmonary fibrosis.
Today she is beginning her end of life process. She
has decided to have them turn down her oxygen and
provide drugs to make her comfortable. She doesn't want to
(20:37):
prolong it and suffer in a nursing home. She says
that she is ready to die. She's been an avid
listener to your show. So I'm asking for you, Dragon
and anybody else listening to say a prayer for my
mom Beverly.
Speaker 2 (20:54):
Again.
Speaker 3 (20:54):
Her name is Beverly and she's eighty five years old. Sincerely, Laighton,
wait and tell your mother that all of the goobers lover.
Speaker 2 (21:07):
And we're with her.
Speaker 3 (21:11):
And then I would say to you Laden, thanks for
sharing that with us, because that puts everything we've been
talking about this morning into perspective. Everything that we're all
upset about, that we're mad about, that we want to
fight over. And I'm not saying we shouldn't fight, Don't
get me wrong. These fights are good, worthy fights and
(21:33):
battles to have. But where Beverly is at this very
moment up in Pooter Valley Hospital is where all of us,
in one fashion or another, are going to end up.
And that's transitioning to the other side. So if you
(21:53):
wanted a little perspective this morning, there it is. There's
been this meme that has been running around all over
the internet that is worth discussing, and that is whether
or not there is a statue Title eight US Code,
(22:18):
Section thirteen twenty four that criminalizes the encouragement or the
inducing of illegal immigration for financial gain, and everyone keeps
posting this mean. They don't post anything other than just
(22:39):
the mean. So I went, well, let me go look
up the case. Let me go look up the statue
and see what it says. So there's a case called
US versus Hanson. It's a twenty twenty three case, so
it's pretty reve it's relatively new. It addresses whether a
federal immigration law this Title eight, section thirteen twenty four
(23:04):
that criminalizes encouraging or inducing illegal immigration for financial gain,
whether or not that statute is unconstitutionally overbroad under the
First Amendment.
Speaker 2 (23:21):
The case arose from Hellman.
Speaker 3 (23:25):
Hanson's conviction because this individual was running a fraudulent adult
adoption scheme, and Hanson would falsely promise citizenship to undoc
undocumented aliens for in exchange for hefty fees he added
over a million dollars. He was convicted of multiple fraud
(23:47):
counts and two counts of encouraging illegal immigration with the statute.
The scheme that he was operating went or operated between
twenty twelve and twenty sixteen, and during that time he
misled four hundred and seventy one victims. He charged them
anywhere from five hundred and fifty dollars to ten grand
(24:08):
each in the Eastern District of California Federal District Court
for Eastern District of California. He was convicted, and then
he appealed, and he argued that the statute he was
convicted under was overly broad, claiming that it violated his
free speech rights by potentially criminalizing protected expression such as
(24:31):
advocating for immigrants rights. And the Ninth Circuit agreed, so
that the Ninth Circuit, the most liberal circuit in a country,
vacated his encouragement convictions, citing the statute's broad language is
probably or probably does have a chilling effect on protected speech.
Speaker 2 (24:55):
Now.
Speaker 3 (24:55):
In a seven to two decision back in June of
twenty three, actually authored by Justice Barrett, the Supreme Court
reversed the Ninth Circuit and upheld the statute en Hanson's conviction.
But there are some key points that I think that
if you're posting this mean or you've been citing the statue,
I want you to understand the Court interpreted the phrase
(25:18):
encourages or induces as terms of aren't referring to criminal solicitation.
Or or criminal facilitation in other words, aiding in a betting,
not their ordinary broader meetings, inspiring hope, or trying to
persuade someone generally. So that means that solicitation and facilitation
(25:42):
require an intent to further specific unlawful acts. So the
point is that limits the statute's scope to intentional criminal conduct,
not some abstract advocacy, not just general encouragement. Hey we
want you to come to America. You've got to actually
(26:05):
be engaged in the facilitation or the solicitation of illegal aliens.
You've got to be actively going and encouraging them, not
just by Hey, you know, America is a great country.
Do you ought to come to America? Sneak across the border,
(26:26):
come here and find a job somewhere. You'll be a
lot happier and you'll be able to make some money.
If I just say that, I'm not violating the statute.
But if I go solicit individuals and then I help
them come here, which is an unlawful act, then that
would fall within the narrow constraints that Justice Barrett wrote about,
(26:50):
and I would not be protected by the First Amendment. Now,
Hanson argued, that's the guy that was engaged in this
illegal scheme, that the statues plane language could criminalize protected
speech like op eds or just supporting undocumented immigrants or
(27:12):
illegal aliens, or it could criminalize protected speech like advising
an illegal alien about their rights, and that was his
claim to make the statute overly broad, But the court disagreed.
They found that the statuted applications to unprotected conduct, smuggling
(27:33):
and fraud, or the examples they cite far outweighed the
hypothetical applications to protected speech. And then they point out
that Hanson failed to show a lopsided ratio of unconstitutional
to constitutional applications, which would be a higher bar for
just facial invalidation. The court didn't note any evidence of
(27:58):
prosecutions targeting protective speech in the statutes seventy year history.
The Court examined them the statute and noted that Congress
removed terms like solicit and assist in nineteen eighty six,
but the Court said this really just streamlined the language
(28:20):
without broadening its scope. The terms encourage and induce retained
their specialized criminal meanings, carrying an implicit men's rea an
implicit intent requirement. So then Hanson argues that the statue
was overly broad because it criminalized speech encouraging civil immigration
(28:40):
violations like overstaying of visa, which overstaying of visa is
not in and of a self a crime. It does, however,
subject you to deportation. The court acknowledge, but did not
resolve that particular issue. They just kept focusing on the
statute's valid applications sufficient to survive the challenge. Now, Justice Thomas,
(29:07):
in his concurrence, agreed with the majority, but reiterated his
skepticism over the overbreadth doctrine, arguing that that lacks constitutional
grounding and actually risk courts overstepping as roving commissions to
strike down laws. And of course, as you might expect,
Justice Jackson, joined by Soldo mayor descendant, but what are
(29:31):
the implications of this particular statute, Because of those of
you that are citing the statute as somehow an indictment
of some of the actions of the rioters, in some
cases you're right and in some cases you're wrong.
Speaker 2 (29:49):
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(34:53):
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Speaker 2 (35:11):
That's Gay has thee Buyers dot Com.
Speaker 8 (35:13):
When joining the conversation becomes difficult, used to talkback feature
on the iHeartRadio app.
Speaker 2 (35:20):
Just have record and send all within the app.
Speaker 1 (35:23):
Get out there and be heard.
Speaker 8 (35:25):
To Denver's Talk Station's Big thirty K how.
Speaker 5 (35:35):
It's the Talkbackcat.
Speaker 2 (35:46):
Michael mccatt really likes the show today. Great job.
Speaker 3 (35:50):
As long as I got the cat happy, I don't care, right,
I mean, we're going for the cat demo. That's what
we're really focused on. As long as the ratings reflect
a you know, maybe what do you think of a
four point zero or maybe even a five in the
cat demo, then we're.
Speaker 2 (36:09):
Doing We're doing great.
Speaker 3 (36:12):
So this Supreme Court decision that limited the scope of
eight USC. Thirteen twenty four to intentional solicitation or facilitation
of specific immigration violations protects incidental speech. So if you're
in Los Angeles and you're just advising immigrants of their rights,
(36:36):
that's protected speech and that's not criminalized. However, if you
are facilitating, you are helping them evade ice, or you
are helping them across the border, or you are facilitating
that by oh, let's say you're an NNGO and they
(36:58):
were coming across the Darien app for example, a very
dangerous place as you try to make it into Mexico,
and you decide to provide them backpacks with you know,
shelter and food and everything else. I would argue that's
facilitation or when they get to the border and they're
they're still on the Mexican side, and you provide them
(37:20):
a mechanism, whether that's an introduction to the cartels, you're
introducing into a criminal organization to facilitate their illegal crossing
of the border, I think that would meet the definition
under the statute. Now, I think that would meet the
required uh solicit intentional solicitation or facilitation of specific immigration violations.
(37:46):
But for those of you who are all upset about
the A c l U or the EFF or any
of these other NGOs just out there protesting or handing
out flyers or you know, or or lawyers on being
half of those groups advising him of their rights. That's
all protected speech and no one's going to prosecute that.
(38:09):
So if you're one of the many people that I've
seen posting that meme, make sure that you're applying Title
eight US Code, Section thirteen twenty four to people who
are intentionally soliciting or facilitating specific immigration violations, then there
(38:30):
is a cause of action, meaning that that individual could
be charged. And I say all of that because I'm
really just tired of everybody just posting these memes without
truly understanding what.
Speaker 2 (38:42):
The law actually is.
Speaker 3 (38:45):
And I know it's easy because you see a meme
and some you know it's been posted a thousand times.
So therefore, if it's been posted a thousand times, it
must be true. Now, it could be posted a million
times and it still wouldn't be true.
Speaker 2 (38:59):
But now.
Speaker 3 (39:01):
You know the details. And so if you see here
observe that type of activity him, he might want to
email Ice or give him a call and tell him
what you witness.
Speaker 2 (39:16):
Otherwise they're gonna laugh at you.
Speaker 3 (39:20):
Not on anybody laughing at you except for me and
a Rod will laugh at you all day long.
Michael, I haven't heard anything in this big Beautiful Bill
that applies to those of us who don't have children
living at home, or have children at all, or who work.
Speaker 2 (00:19):
Uh do do do? Do? Do?
Speaker 3 (00:25):
What we're witnessing excuse me, while we're witnessing the Big
Beautiful Bill?
Speaker 2 (00:31):
Is this.
Speaker 3 (00:34):
Nothing's changing. It's it's the same old, same O. Now
I'm allowing to talk back to cause me to chase
a squirrel, So I don't. I can't give you the
details because I don't have those notes in front of
(00:55):
me right now. But there are some actual government spending
cuts in the Big Beautiful Bill. That's just a fact
of life. It does cut. I must be DYSLEXI. I
don't remember whether it's nine point four billion or four
(01:16):
point nine billion, but there is some dollar amount that
is actually reduced. So some programs are cut back. They're
not eliminated, but they are cut back. In the Congressional
Budget Office stereotypically fails to take into account growth. Now
(01:37):
why is that important? Because when you have growth, when
the GDP increases, it increases because there's more economic activity,
which is a result of either growth in business or
growth in the number of taxpayers. More taxpayers means obviously
(01:57):
more tax income, but it also means more spending, and
more spending means that businesses that provide products and services
are growing, so they're spending more money, and all of
that results in more taxation, in which results in more
revenues to the treasury. And the CBO just does not
(02:19):
take into account growth. So if there is some growth
over the next four years, then and if growth does
exceed you know this measily, you know, one point whatever
percentage we've been experiencing, and it does get up to
even three or hopefully even four percent, then some of
(02:44):
the you know, additional revenues could be used to offset
and reduce government spending. But of course politicians won't do that.
And because we have such a thin margin, both the
House and the Senate, people whom I respect, like Ran
(03:04):
palland And in the Senate and Thomas Massey in the House,
are both threatening to not vote for it. And if
they do, and their vote is the reason for the big,
beautiful bill to fail, then we've just handed on a
silver platter the midterm elections to Democrats. And yes, I'm
(03:30):
being purely partisan, purely practical, purely selfish in that, even
though there are many things in this bill that I
do not like that I think are a betrayal of
the promises made by the President, that I think are
going to put us in a worse position fiscally, it
(03:53):
is offset by maintaining the current tax rates, although personally
I wish they would reduce the corporate tax rate. Even further,
I wish they would reduce the income I wish they
would squeeze down the income tax brackets, including for the wealthy,
whatever the hell that means.
Speaker 2 (04:13):
Because.
Speaker 3 (04:15):
Compared to the woman that was sleeping over here on
Bellevue this morning when I came to work, I'm wealthy.
Speaker 2 (04:24):
Compared to what a rod makes, I'm poor.
Speaker 3 (04:29):
So for the wealthy, whatever the hell that means, I'm
for giving them a tax cutch as much as I
am anybody else but we And then the bill doesn't
do a lot of things that I think would make
a huge difference in growth. Eliminate the capital gains tax,
or in terms of the housing industry and the housing
(04:51):
market right now, get rid of the get rid of
or reduce one or the other. I don't care either one.
The capital game on the sale of your home. Oh
but Mike Lave, We'll have to pay tuxes at my
house if I sell my house.
Speaker 2 (05:05):
Oh, yes, you do. I forget exactly what. I don't know.
I don't remember what the rate is. But for a
couple filing.
Speaker 3 (05:15):
Jointly, when you sell a house, I think the first
maybe five hundred thousand dollars is exempt it. I don't
know what it is first, the first five hundred thousand
dollars of gains. So, of course your gains has to
take into consideration whatever your basis is. So if you
bought your house for let's say five hundred thousand dollars,
(05:38):
but you had a four hundred thousand dollars mortgage on
and you put one hundred thousand dollars down, your basis
is four hundred thousand dollars. So if you sell that
house for eight hundred thousand dollars, your gain is four
hundred thousand dollars. Get rid of Get rid of that.
(05:58):
Encourage people to sell their homes. Take away that. I
mean people you know, for you, for you, I don't.
I don't want to give you the details of my finances,
but I look at and I don't need it. It
just irritates me. That I can't do it, But I
(06:18):
look at some of the games that I've made on
some of my stock investments, and I do believe that
we're headed for I mean, I stops. I mean investing
the stock market is is a lot like going to
Las Vegas. But I'd like to cash out some of
that stock because I know it's probably a little overvalued,
(06:40):
and I'd like to get some of that profit out
of there. But I don't want to pay the capital
of games tax on it right now, and particularly in
And I haven't filed my taxes for last year yet.
I have an extension because I have. I had to
wait for a for a one case statement to come
in before I one KK one statement before I could
(07:03):
do it, and it finally arrived a few weeks ago,
so I got to get busy to do my taxes.
But I think, I think this past tax year is
going to be particularly rough for me. This year, maybe
not so much, I don't know, But I say all
of that because it seems to me that and maybe
(07:23):
I'm just maybe my perception is blinded by this stupid
idea that.
Speaker 4 (07:31):
You know, putting one.
Speaker 3 (07:32):
Thousand dollars in a savings account when your child is
born in an index fund is a great idea. You
ought to go do that, You should do it. But
why is it that Trump and all those people you know,
(07:53):
including Michael Dell and the CEO of Goldman Sacks and
everybody else sitting around that big table yesterday, all are
sitting there touting what is basically a government mandated savings
plan kind of like, oh, social Security, and we know
how well that's working out, and whether you want to
(08:13):
believe it or not, taxpayers are on the hook for
all of those unfunded liabilities and Social Security, which will
be covered either by a reduction and benefit and an
increase in taxes or probably both. You take the Public
Employees Retirement Association in Colorado that covers all of these
public employees, they are unfunded liabilities in there. The pension
(08:38):
Benefit Guarantee corporation is going to have to cover those.
If at some point they're not able to cover those liabilities, well,
that will fall on the pension benefit Guarantee corporation and
guests who will end up ultimately, when everything's said and done.
Speaker 2 (08:55):
Cover that.
Speaker 3 (08:56):
Taxpayers is just starting to piss me off. And and
maybe it's because maybe it's because I feel a little foolish.
I feel a little foolish because I really thought, even
though I was disappointed in the numbers, that I mean,
those came up with some fascinating numbers, and and I
think that that those DOSEE teams were doing really good work.
(09:21):
But I also recognize that in DC it takes time.
They you know, what they were doing is is they
were picking the low hanging fruit, the very obvious waste,
fraud and abuse. They had not yet really gotten into
what I would.
Speaker 2 (09:38):
Call the true.
Speaker 3 (09:41):
Uh, the true tenderloin, the true prime rib, the true
the true best cuts of meat that they could start
cutting to really make a difference in the federal budget,
because I want you to. And the reason that bugs
me is we're going to continue to pay out the
(10:03):
wazoo in taxes. We're going to continue to borrow to
cover the deficits, which all of which sucks money out
of the private sector. And every dollar that's sucked out
of the private sector is really not going to unless
it's going to the US military, is not going to
anything that I would say is a productive federal program.
(10:28):
Whereas that dollar that we take out of the private
sector and throw over into the public sector.
Speaker 2 (10:34):
You know, I might.
Speaker 3 (10:35):
I might throw education in there, teaching, but then you
got all the problems with current status of public education,
so I'm not really sure I can say that. But
the point is every dollar that's pulled out of the
private sector is a dollar that's not spent or invested
in something productive or of value that would result in
(10:59):
some way one paying oh I don't know, a sales tax,
or a property tax, or a state or a federal
income tax, which would help fund the things that we
really should be funding, roads, bridges and highways, national defense,
national security, no or for that matter, customs and border
patrol and ice. With all the stuff going on in
(11:22):
Los Angeles and probably soon to spread elsewhere, it drives
me crazy.
Speaker 5 (11:30):
And it.
Speaker 3 (11:34):
I'm going to say something that although I believe it,
I don't yet believe we reached the point, although I
think we're pretty close to the precipice were at some
point this is going to come crashing down. It is unsustainable.
Everybody likes to use the word sustainable. Oh, I you know,
(11:56):
my company's all sustainable. I heart likes to claim how
we're a sustainable top. It's all bull crab, It's all
total bull crap. You know, you think that when you
recycle you're doing something good.
Speaker 2 (12:09):
You're not.
Speaker 3 (12:10):
It's just it's going to some third world country where
it gets thrown into a pit somewhere. It ends up
in the ocean. I sound like a liberal now, don't like.
But it ends up pluting and it ends up you know,
just all this waste. Well, the same thing's going on
in this country. We just keep borrowing and borrowing and borrowing.
You know, one of my American financing spots, I talk
about how Americans are a trillion dollars in credit card
(12:32):
debt and credit card delinquencies.
Speaker 2 (12:34):
Are on the increase.
Speaker 3 (12:35):
Well, that's just an indication that the economy is really
not doing all that great, even though there is some
good news in the economy. So what happens is we
fail to step back and in that kind of DC parlance,
we don't look at it from a thirty thousand foot level.
We look at these individual stories. Oh, the job's number
(12:57):
is pretty good. Oh, most of the job grow in
which I've got a story here to talk about. Most
of the job growth that we've seen since Trump's taken
office has actually been in the private sector, not the
public sector, whereas under Biden it was almost ninety percent
in the public sector. In other words, non productive job growth,
just more bureaucrats. But when you focus on each of
(13:24):
the individual little stories and you don't step back and
look at the giant picture, we continue to go into debt.
You know, I think the debt ceiling is a joke
because the debt ceiling is an artificial It's like having
(13:47):
a visa card that has a debt limit on it
versus an American Express card, you know, the American Express card.
Your spending limit is just what you spend. Well, that's
truly what we do at the federal level. We just
spend while we're going to spend, and we're going to
borrow to make up the difference when we don't have
enough revenues into the treasury to cover our current spending,
(14:10):
which creates a budget deficit, so we borrow to cover
that deficit, which then adds on top of the existing
federal debt. So the debt limit, the debt ceiling is
an artifice. And they and they and Trump wants to
get rid of it. Well, practically speaking, we ought to
get rid of it because we're not going to default
(14:33):
but we go through these stupid fights where if Republicans
are in control, then Democrats bitch about the debt limit,
and vice versa. Democrats are controlled, then we bitch about
raising the debt limit and it always gets increased. And
having that having that artificial level does nothing, nothing whatsoever
(14:56):
to stop us from spending. Just keep doing it and
doing it and doing it, and it drives me nuts.
I think what we're witnessing is and this is the
nuance that we're going to have to deal with when
it comes to Donald Trump. Donald Trump is and will
(15:19):
continue to do a lot of really good things. Donald Trump,
like any other president, will do things that I am
going to disagree with. It doesn't mean that I've gone
you know, that I'm a Bernie Bro, that I've gone
full on socialists, or if I do agree with something
(15:40):
that I think that you may think is socialist, that
it's just we don't do any nuance when it comes
to these political issues. I am one pleasantly surprised about
my criticism of these one thousand dollars savings accounts because
(16:02):
and maybe you just haven't send me the text message yet,
But I think there are just as there are people
who are Trump derangement syndrome, who think that Trump can't
do anything right. There are also people who are such
Trump sycophants that Trump can do no wrong. Both of
(16:23):
you are wrong. Trump is like any other president right now,
with the exception that on a few issues he's actually
following through and doing what he said he would do.
And that number one issue right now is immigration. And
so what's happening all the people that are inflicted with
TDS doesn't make a difference whether the issue, I mean,
(16:47):
the issue could be anything. It just happens to be
immigration and the deportation of illegal aliens. And so that's
causing the left's heads to explode because we've gone for
so long with this Marxist ietyology of open borders, no sovereignty.
(17:07):
You know, the world is just one big global government,
just one new world order. And that's just not the case.
Even some European countries are starting to wake up and
recognize that we cannot sustain unlimited, unfettered immigration into our countries.
(17:29):
It destroys the culture, It destroys Western civilization. It uphends
the social compact that the Danes or the Swedes, or
the Germans or the Brits or the French, or the Americans,
or any of the Canadians or anybody else has And
so you have this fiscal issue going on with the
(17:50):
country at the same time that we have this immigration
issue and all these social issues and cultural issues going
on and trust, which I applaud is bringing a lot
of that to the HID and I thought the government
spending would be one of them. And I guess today
(18:11):
I'm just I'm pissed and disappointed at the same.
Speaker 6 (18:15):
Time, Michael, all the low hanging fruit is still on
the tree for the government. Those found all the fraud,
waste and abuse. But the government and the district judges said, oh, well,
you can't close the Department of Education, you can't close
all these agencies, you can't close USAID. And guess what,
(18:38):
all that fraud, waste, abuse is still happening. And I'm
not happy.
Speaker 3 (18:45):
And part of the process that you and I will
have to endure or at least sit back and watch,
is the entire judicial process. Most of not all of
these cases are going to get to the US Supreme Court.
I just don't see the court turning down, particularly the
(19:06):
issue about nationwide injunctions and the issues that go to
the heart of presidential power about impoundment or recision or
shutting down, you know, laying off doing whatever the executive
is supposed to do. Because all executive authority in our
country under our Constitution is vested in the President of
(19:28):
the United States. So the court is going to have
to weigh in on that at some point, either by
affirmatively taking a case or finding a case that reflects
what their opinion is and refusing to refusing to hear
that case and letting that ruling stand. Before I move
(19:51):
on to a little bit about a side issue about
the riots, Here's a text message that kind of puts
everything in perspective. It comes from a listener, Giber number
fifty one forty three. Michael, My mom, Beverly is dying.
(20:15):
She has been at Peter Valley Hospital for nine days.
She is on oxygen, suffering from COPD and pulmonary fibrosis.
Today she is beginning her end of life process. She
has decided to have them turn down her oxygen and
provide drugs to make her comfortable. She doesn't want to
(20:37):
prolong it and suffer in a nursing home. She says
that she is ready to die. She's been an avid
listener to your show. So I'm asking for you, Dragon
and anybody else listening to say a prayer for my
mom Beverly.
Speaker 2 (20:54):
Again.
Speaker 3 (20:54):
Her name is Beverly and she's eighty five years old. Sincerely, Laighton,
wait and tell your mother that all of the goobers lover.
Speaker 2 (21:07):
And we're with her.
Speaker 3 (21:11):
And then I would say to you Laden, thanks for
sharing that with us, because that puts everything we've been
talking about this morning into perspective. Everything that we're all
upset about, that we're mad about, that we want to
fight over. And I'm not saying we shouldn't fight, Don't
get me wrong. These fights are good, worthy fights and
(21:33):
battles to have. But where Beverly is at this very
moment up in Pooter Valley Hospital is where all of us,
in one fashion or another, are going to end up.
And that's transitioning to the other side. So if you
(21:53):
wanted a little perspective this morning, there it is. There's
been this meme that has been running around all over
the internet that is worth discussing, and that is whether
or not there is a statue Title eight US Code,
(22:18):
Section thirteen twenty four that criminalizes the encouragement or the
inducing of illegal immigration for financial gain, and everyone keeps
posting this mean. They don't post anything other than just
(22:39):
the mean. So I went, well, let me go look
up the case. Let me go look up the statue
and see what it says. So there's a case called
US versus Hanson. It's a twenty twenty three case, so
it's pretty reve it's relatively new. It addresses whether a
federal immigration law this Title eight, section thirteen twenty four
(23:04):
that criminalizes encouraging or inducing illegal immigration for financial gain,
whether or not that statute is unconstitutionally overbroad under the
First Amendment.
Speaker 2 (23:21):
The case arose from Hellman.
Speaker 3 (23:25):
Hanson's conviction because this individual was running a fraudulent adult
adoption scheme, and Hanson would falsely promise citizenship to undoc
undocumented aliens for in exchange for hefty fees he added
over a million dollars. He was convicted of multiple fraud
(23:47):
counts and two counts of encouraging illegal immigration with the statute.
The scheme that he was operating went or operated between
twenty twelve and twenty sixteen, and during that time he
misled four hundred and seventy one victims. He charged them
anywhere from five hundred and fifty dollars to ten grand
(24:08):
each in the Eastern District of California Federal District Court
for Eastern District of California. He was convicted, and then
he appealed, and he argued that the statute he was
convicted under was overly broad, claiming that it violated his
free speech rights by potentially criminalizing protected expression such as
(24:31):
advocating for immigrants rights. And the Ninth Circuit agreed, so
that the Ninth Circuit, the most liberal circuit in a country,
vacated his encouragement convictions, citing the statute's broad language is
probably or probably does have a chilling effect on protected speech.
Speaker 2 (24:55):
Now.
Speaker 3 (24:55):
In a seven to two decision back in June of
twenty three, actually authored by Justice Barrett, the Supreme Court
reversed the Ninth Circuit and upheld the statute en Hanson's conviction.
But there are some key points that I think that
if you're posting this mean or you've been citing the statue,
I want you to understand the Court interpreted the phrase
(25:18):
encourages or induces as terms of aren't referring to criminal solicitation.
Or or criminal facilitation in other words, aiding in a betting,
not their ordinary broader meetings, inspiring hope, or trying to
persuade someone generally. So that means that solicitation and facilitation
(25:42):
require an intent to further specific unlawful acts. So the
point is that limits the statute's scope to intentional criminal conduct,
not some abstract advocacy, not just general encouragement. Hey we
want you to come to America. You've got to actually
(26:05):
be engaged in the facilitation or the solicitation of illegal aliens.
You've got to be actively going and encouraging them, not
just by Hey, you know, America is a great country.
Do you ought to come to America? Sneak across the border,
(26:26):
come here and find a job somewhere. You'll be a
lot happier and you'll be able to make some money.
If I just say that, I'm not violating the statute.
But if I go solicit individuals and then I help
them come here, which is an unlawful act, then that
would fall within the narrow constraints that Justice Barrett wrote about,
(26:50):
and I would not be protected by the First Amendment. Now,
Hanson argued, that's the guy that was engaged in this
illegal scheme, that the statues plane language could criminalize protected
speech like op eds or just supporting undocumented immigrants or
(27:12):
illegal aliens, or it could criminalize protected speech like advising
an illegal alien about their rights, and that was his
claim to make the statute overly broad, But the court disagreed.
They found that the statuted applications to unprotected conduct, smuggling
(27:33):
and fraud, or the examples they cite far outweighed the
hypothetical applications to protected speech. And then they point out
that Hanson failed to show a lopsided ratio of unconstitutional
to constitutional applications, which would be a higher bar for
just facial invalidation. The court didn't note any evidence of
(27:58):
prosecutions targeting protective speech in the statutes seventy year history.
The Court examined them the statute and noted that Congress
removed terms like solicit and assist in nineteen eighty six,
but the Court said this really just streamlined the language
(28:20):
without broadening its scope. The terms encourage and induce retained
their specialized criminal meanings, carrying an implicit men's rea an
implicit intent requirement. So then Hanson argues that the statue
was overly broad because it criminalized speech encouraging civil immigration
(28:40):
violations like overstaying of visa, which overstaying of visa is
not in and of a self a crime. It does, however,
subject you to deportation. The court acknowledge, but did not
resolve that particular issue. They just kept focusing on the
statute's valid applications sufficient to survive the challenge. Now, Justice Thomas,
(29:07):
in his concurrence, agreed with the majority, but reiterated his
skepticism over the overbreadth doctrine, arguing that that lacks constitutional
grounding and actually risk courts overstepping as roving commissions to
strike down laws. And of course, as you might expect,
Justice Jackson, joined by Soldo mayor descendant, but what are
(29:31):
the implications of this particular statute, Because of those of
you that are citing the statute as somehow an indictment
of some of the actions of the rioters, in some
cases you're right and in some cases you're wrong.
Speaker 2 (29:49):
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So this Supreme Court decision that limited the scope of
eight USC. Thirteen twenty four to intentional solicitation or facilitation
of specific immigration violations protects incidental speech. So if you're
in Los Angeles and you're just advising immigrants of their rights,
(36:36):
that's protected speech and that's not criminalized. However, if you
are facilitating, you are helping them evade ice, or you
are helping them across the border, or you are facilitating
that by oh, let's say you're an NNGO and they
(36:58):
were coming across the Darien app for example, a very
dangerous place as you try to make it into Mexico,
and you decide to provide them backpacks with you know,
shelter and food and everything else. I would argue that's
facilitation or when they get to the border and they're
they're still on the Mexican side, and you provide them
(37:20):
a mechanism, whether that's an introduction to the cartels, you're
introducing into a criminal organization to facilitate their illegal crossing
of the border, I think that would meet the definition
under the statute. Now, I think that would meet the
required uh solicit intentional solicitation or facilitation of specific immigration violations.
(37:46):
But for those of you who are all upset about
the A c l U or the EFF or any
of these other NGOs just out there protesting or handing
out flyers or you know, or or lawyers on being
half of those groups advising him of their rights. That's
all protected speech and no one's going to prosecute that.
(38:09):
So if you're one of the many people that I've
seen posting that meme, make sure that you're applying Title
eight US Code, Section thirteen twenty four to people who
are intentionally soliciting or facilitating specific immigration violations, then there
(38:30):
is a cause of action, meaning that that individual could
be charged. And I say all of that because I'm
really just tired of everybody just posting these memes without
truly understanding what.
Speaker 2 (38:42):
The law actually is.
Speaker 3 (38:45):
And I know it's easy because you see a meme
and some you know it's been posted a thousand times.
So therefore, if it's been posted a thousand times, it
must be true. Now, it could be posted a million
times and it still wouldn't be true.
Speaker 2 (38:59):
But now.
Speaker 3 (39:01):
You know the details. And so if you see here
observe that type of activity him, he might want to
email Ice or give him a call and tell him
what you witness.
Speaker 2 (39:16):
Otherwise they're gonna laugh at you.
Speaker 3 (39:20):
Not on anybody laughing at you except for me and
a Rod will laugh at you all day long.
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