No country can survive borrowing a third of its spending.

0:00 Speaker 1 Well, here we are today. We are It’s sends to rand Pool from the great state of Kentucky. And let me tell you, rand Pool is one common sense, Senator, and I’m looking forward to see what it feels is going on in off country. Senator, what do you think is our biggest issues right now?

0:23 Speaker 2 You know, I think the debt is still a number one threat to us. We have an amazing country, an amazing economy, amazing amount of wealth. It’s been built up over two hundred years, but it’s threatened by government that spends so much. This year now, the projected deficit will be about two trillion, so we bring we spend about

0:42 six trillion, but we bring in about four trillion, and no business can last that way, and ultimately no country can continue to spend. You know, a third of their spending is borrowed. And it’s not like we’re borrowing for a capital improvement. It’s not like we’re borrowing for a building with the bank Holt’s the node, or bring for

1:00 a road. We’re borrowing basically for rent. We’re borrowing for expenditures. So security money is being borrowed, Medicare is being borrowed, Medicaid, food stamps. Every expenditure of government is basically being borrowed. At this point, interest interest alone on the national debt exceeds spending on the military for the first time in our history. It’s the largest expenditure in the budget now

1:24 is actually interest. And if interest rates should go higher, you would see actually a crippling and an inability of the federal government to maintain its debt.

1:34 Speaker 1 Senator, one of your colleagues from the Senator from Iowa, she came back from the Middle East and she said to me the other day that very high up people in the Middle East have said to her they’ve lost confidence in the government in Washington, the administrations that now exists.

2:00 My velocity is we can borrow all the money we can as long as the interest rates are low and his confidence in our government. But it seems like they’re losing confidence in our government, which could be a real problem.

2:16 Speaker 2 I think there’s a real worry around the world that President Biden is not mentally competent and not able to lead the country should a crisis occur. He has difficulty knowing which direction he’s supposed to go. When he leaves the stage, he shakes hands with people who aren’t there.

2:33 The debate showed that his mental ability is so sluggish that you know, they all came together after the debate, those who had been his longtime supporters and said, you can’t run because he was just getting crushed in the polls because people saw him as incompetent. So there is a danger, and particularly the danger is when your enemies

2:51 and adversaries see you as weak, that there may be a provocation, there may be something occur. But then even more of a danger is because President Biden is perceived this week that he might overreact. Think of the exit from Afghanistan that was so disastrous and we lost the thirteen soldiers, and it was because of a terrible military decision.

3:13 They decided to exit from an urban airport in the middle of Kabul instead of from the military airport, which was thirty miles outside the city and heavily protected. In making that mistake, though then Biden worried about saving face, and so he immediately launched a predator drone. But he killed an AID worker and dozens of children with that drone.

3:33 And that’s how terrorism is furthered and embedded and creates more terrorists when you make the mistake of bombing civilians, but it’s done out of a sense of weakness. I think Biden feels weak, he feels the criticism, the sting of the criticism of that terrible exit, and then he overreacts.

3:50 That’s what I worry about. And then the last couple of months of his administration is some kind of international incident where there’s then an overreaction by him because he’s trying to say face. It’s one of the good things about President Trump is that he projects strength and doesn’t appear to sort of act in an emotional way in

4:11 international events. And actually I think that’s quite stabilizing, and he hasn’t got enough credit for that projection of strength.

4:20 Speaker 1 You’re absolutely right, and I tell my people, you know. On the show the other night, we played a phone ringing four times at three o’clock in the morning at the White House, and if Kamala Harris was there, I don’t think we’d know what to do with three o’clock in the morning.

4:41 Speaker 2 Yeah. No, she really is a chameleon, is the best way to describe it. She is one thing one day and one thing in front of one group and project something else to another. She wants power, for power’s sake, But she doesn’t really have a coherent plan. Her idea in Biden’s idea to tax unrealized gains in the stock

5:01 market is the dumbest, most moronic idea I’ve ever heard of. But not only that, it could precipitate a nineteen twenty nine type of you know, decline in the market or crash in the marketplace if they’re going to apply to all unrealized gains. Look, my house is worth twice what I paid for it twenty five years ago. But I

5:20 don’t have the money sitting around to pay taxes on that, and I’m not selling it. How in the world could you ask me to pay taxes because the marketplace says my house is more plus inflation has happened over twenty years, even at two percent a year, you know that’d be forty percent of the price increase is actually the devaluation

5:39 of the money, And you want me to pay taxes on that? You know it is an insane idea, But it’s to soak the rich, sort of mantra of the left. You know, it’s a it’s a politics of envy, and it would be a disaster for this country. And she should be disqualified from even being considered. I mean, any

5:57 intelligent person should say someone who wants to attacks unrealized games is just not fit for office.

6:04 Speaker 1 Agreed one Saata. Our country is being attacked from so many directions. It’s being attacked and on the borders, it’s being attacked with fetanol. Our universities are under attack. I mean, don’t the American people that the Democrats that want to vote for Kamala Harris and that voted for Joe Biden, don’t they realized this. I don’t understand it.

6:32 Speaker 2 I think that some of them diluted, they get to single issues and you know, abortion becomes so important to them that they don’t care about the border, they don’t care about capitalism. And then interesting thing is, you know this from going around New York. You see people who are very, very successful, and yet they don’t understand that

6:50 their success was because we have a free country and from capitalism and the people who came up from nothing and were successful in New York City, many of them in one general two generations. And yet they think, oh, it’s just because I was smart to work hard. It’s that, but it’s also the system. You can be smart and

7:07 work hard in Venezuela, but there are no successful people left in Venezuela. And unless you’re related to the dictator. And I don’t understand how they don’t comprehend this. I think they become deluded about certain things. Plus they hear only one thing. They just there’s this Trump derangement syndrome.

7:25 And because he is sometimes bombastic, sometimes over the top, they’ve become crazed about his personality or his decorum, and they go after that instead of thinking about, Oh, my goodness, is socialism a good thing? Should we try socialism? You know, should we try you know, taxing you know the rich, try taxing people’s possessions. What would that do to the economy.

7:51 I mean, the tax cuts of twenty seventeen were a big boon to the economy, and we reduce the taxes not only of wealthy people, but also middle class. Middle class took had the bulk of the tax cuts, and that money went into the economy and into people’s pockets, and people bought things with it. It was a huge

8:08 generator of income. Most of that’s expiring. But not one Democrat voted for that tax cut. Not one Democrat will vote to preserve it again.

8:17 Speaker 1 That’s what I don’t understand. You know. I tell some of my wealthy friends that own big companies, I said, we too, hire tamlod hires to run one of your company, and we know the answer.

8:34 Speaker 2 Yeah, absolutely not. And see the problem with the left is you wonder sometimes whether it’s a lack of intelligence or a lack of intellect, or if they’re just all demagogues. So, for example, they’re all braying now that oh, food prices are up, the grocery stores are greedy, we need to we need to regulate the grocery store price. And it’s like,

8:59 it was amazing. Even CNN had economists come on and say, well, they do that in Venezuela in the Soviet Union, and they wound up with shortages and no food. But it’s a moronic idea to say, well, it’s because of greed.

9:13 And it’s like, well, how did grocery store owners just become greedy? They weren’t greedy or self interested last year, the year before, but now they are. And to ignore the idea of what I question really is, which is the devaluation of the dollar costs more dollars to buy your bread and your milk. Now because the dollar is worthless.

9:29 It has nothing to do with grocery stores, and if anything, it’s a pretty competitive marketplace out there. No grocery store can go out in jars twice what they want to for milk or for eggs. They compete with the dozens and dozens of competitors around every corner.

9:45 Speaker 1 Senator, we got a minute left. We got a big election November. Fit. What do you want to tell you American people?

9:54 Speaker 2 Well, I think there’s no question that the choice of Donald Trump is better than Kamala Harris. And I think that when push comes to shove, I think even people get in the ballot box, I think they’re going to consider that. I mean, even in New York, which is so Democrat, there’s some indication that there’s going to be

10:12 a stronger turnout for Republicans, and there’s been in a long time because I think people are worried. You know, when Kamala Harris says, oh, I’m going to give you twenty five thousand dollars for a house, you know, it’s like, where’s the money coming from? You know, I think people are smarter than that. But it’s always this perennial sort

10:29 of a chicken in every pot. You know we’re going to give you free stuff. Are people silly enough or diluted enough to think that things in life can be free? Or are they going to realize that what you want is someone who offers you stability, law and order, and the opportunity to work hard. Will people choose opportunity or

10:47 they choose something concrete, like welfare or a gift from government. It’s a perennial battle, and let’s hope it comes out on top because the wealth of the country and the future of the country depends on it.

11:00 Speaker 1 Rand Paul, thank you for helping our country talking about common sense things and November fifth is important for all Americans. And God bless you and God bless American.

11:14 Speaker 2 Thanks for having me.