gallagher and g i wrote abt this in deterrence funding, $20 billion year, just for dealing with thismary problem of detouring china in the western pacific. i think this is doable and we say historically low levels on defenses right now, 3.1 percent and yet is shrinking our defense budget is shrinking in size of our military smaller than in any point since the evil world war ii and i are you kidding me, this is a responsible. ... we will move to eight final topic for q&a to my colleagues we are going to push this panel back maybe five -- eight more minutes we start a bit late because of the liveliness of the discussion but over to you. >> i'll add on to the point made in terms of thinking about how to prioritize china is very much observing what's happening in ukraine try to recognize ukraine is not taiwan but for some reason it is taking away at lessons learned as if ukraine were taiwan if ukraine were to fall and if this conflict were to end quickly versus longer term that would in some ways to shape how the chinese think about how easy it may be to take taiwan. i would note only lo

mike gallagher leaves congress.ting nonsense about fauci are still there running these committees. i think that kind of encapsulates this republican congress in a lot of ways. >> for something as large and complex as covid was and remains, there are questions and there are lessons to be learned. but we'll see if anything was learned today. ali vitali is still on the hunt for dr. fauci. tim miller, thank you so much for being with us today. >>> the cost of climate change keeps adding up as extreme heat is now pushing prices to record levels. the average cost of cooling an american home from june to september is expected to be -- wait for it -- $719, nearly 8% higher than last year and the highest in a decade. that's according to new projections for at cats from low income households. that report also concludes more than one in three households have already had to cut back in necessiies to cover energy costs over the past year. noaa says 2024 is expected to rank among the five warmest years in recorded history. . comi

i have an article coming out the next few i was writing it with congressman mike gallagher but he's gone to the private sector and privatized himself. these high deficits are a defense problem. they're going to create a national defense problem. cicero said -- had some quote unlimited finance is the sinew that holds war. the u.s. ability to leverage up during a conflict is the treasury was able to expand the deficit, steven was talking about it earlier, whether it's covid crisis or war. but u.s. treasury was able to save the country during the civil war by expanding the deficit. we're able to save the economic well-being of the country during the great depression by spending. and we're able to save the world during world war ii. we have to get this down or there's no room for maneuver. it goes down trillion mechanically if there are no deficit increases this year. i think president trump with the right policy could create a reflexive self reinforcing cycle on the downside. and when there is talk -- these entitlements are massive. i think that the next four years isn't the time to deal wi

i was writing it with congressman mike gallagher but he's gone to the private sector and privatized himselfigh deficits are a defense problem. they're going to create a national defense problem. cicero said -- had some quote, unlimited finance is the sinew that holds war. the u.s. ability tleverage up during a conflict is the treasury was able to expand the deficit, steven was talking earlier, whether it's covid crisis or war. but u.s. treasury was able to save the country during the civil war by expanding the deficit. we're able to save the economic well-being of the country during the great depression by spending. and we're able to save the world during world war ii. we have to get this down or there's no room for maneuver. it goes down to $5.1 trillion mechanically if there are no deficit increases this year. i think president trump with the right policy could create a reflexive self reinforcing cycle on the downside. and when there is talk -- these entitlements are massive. i think that the next four years isn't the time to deal with them. we've got to deal with the discretionary portio

i have a feeling the reason mike gallagher is leaving because he is only making $174,000 a year. >> wes. we spoke about the challenges of making ends meet with disabilities and challenges. i th■.ink reticence has been tht there is a sense members will pay a political price for it, it vote. to some degree, right now we take a vote to suspend our cost of living adjustment every year. we write that into the spending bill. that is acongress could choose o that. allowing the current law to be enacted. the other thing worth considering is, when we talk about budget and spending bills, it is always through the lens of no budget, no pno budget, a recess. congress does not like hitting itself of the stake and when it does, decides to stop. so even when it does something like sequestration, it suspends it because it is stupid. the other angle is the caret. if congress passes the spending bill on time, we will not have the cost of living adjustment. because then people will feel like they are getting something out of congress. thatould be an angle to do. to say if congress does its job, it will fo

i was wri with congressman mike gallagher. he's going to the private sectorriv.the congressman. in it i said these high deficit. these high deficits are going to create a national defense problem. cicero had some quo le limited finances holds or. the u.s. ability to leverage up during a conflict the treasury was able to expand the deficit. steven was talking about it earlier in terms of whether it's a covid crisis or war. u.s. treasury was able to save the country during the civil war by expanding the deficit. they were able to save the economic well-being of the country during the great depression by spending. they were able to save the world during world war ii. we have to get this down or we have no room to maneuver. having said all that it goes to 1.5 trillion mechanically if there are no interest rate decreases this year. but, i think president trump with the right policy could a se on the downside. these entitlements are massive. i think the next four years is not the time to deal with them.e discretionary portion of the budget and get that under control. i

as mike gallagher said, 2,000,000,004 taiwan or something like 10 billion or whatever for ukraine capabilitiesfolds are not relevant for first island chaini support f-16s come these head of things. the key thing,othing■ee the administration and a lot of republicans have airedndns any e is where do -- theop step up ano virtually. that's all he could happen if you're clear with them and one of t things i've been trying to say. >> yes or no than on for the dollars to ukraine?■l >> smaller. >> so the april 60 60 done sd not have? >> no. you could have 60 billion for first island chain and kindling for ukraine. n' prioritizing?>> the problem s went to do something that they usáo■e speed and use of our. >> was on the sink i was supported. hold on. there are real fiscal issues in this country. have speedy we'll come back to the. got you. so i i did that -- should by priors for all come back to the question i want toe weigh in. i think i will wait in myself now. but matt speedy you already have, my friend. >> i i just ask que i know you have strong views on this as well. >> let's assume zoom outt agai

. >> reporter: in january ernst and then-congressman mike gallagher requested a comprehensive review right to know reveal a defense contractor, ecohealth alliance and its collaborators, tried to deceive the pentagon about their intention to divert defense dollars to china's state-run wuhan institute of virology ferries key research. part of the concern is significant taxpayer dollars going to america's adversaries with no idea how some of these funds are being spent. david? david: mike emanuel, thank you very much. let's welcome to to the show "the coming collapse of china" author and gatestone institute senior fellow, gordon chang. gordon, does it look like there's a cover-up by the dod here? >> i suspect that there is, david. you know, money always leaves a trail. and if they were really interested in finding out where their money went with, they could track it. i'm not going to say that it was easy to do it, but, you know, every grantee has a grantee, so really they can and they can just track money through bank accounts. so, yeah, they're covering up. david: i want to to broaden

as mike gallagher said, 2,000,000,004 taiwan or something or whatever for ukraine capabilities as myriend austin and i've written about. c if they manifolds are not varele sender abrams tank f-16s i support f-16s come these head of things. the key thing nothing were both the administration and a lot of repus have aired and about done the europeans any favorite is where do -- the europeans need to step up and do so virtually. ou them and one of the things i've been trying to say. >> yes or no than on for reversing. >> so the april 60 60 done should not have? >> no. you could have 60 billion for island chain and kindling for ukraine. isn't that prioritizing? [inaudible] >> the problem is if congress went to do something that they use speed and use of our. >> was on the sink i was supported. hold on. are real fiscal issues in this country. we do have speedy we'll come back to the. got you. so i i did that -- >> there should by priors for back to the question i want to give matt a chance to weigh in. i think i will wait in myself now. [laughing] but matt speedy you already >> i i just as

charlotte gallagher, bbc news. let's see if we can go back to mike wendling now.hat conference?— what's the significance there of that conference? well, i hope you can hear that conference? well, i hope you can henr me _ that conference? well, i hope you can hear me now. _ that conference? well, i hope you can hear me now. we _ that conference? well, i hope you can hear me now. we got - that conference? well, i hope you can hear me now. we got you. i that conference? well, i hope you i can hear me now. we got you. good! peole can hear me now. we got you. good! people here — can hear me now. we got you. good! people here are _ can hear me now. we got you. good! people here are hard-core _ people here are hard—core conservatives from the hard right, they're real trump fans and he's going to get a really good reception. turning point is a youth activist group. there probably the most influential on the right of us policies on college campuses. they would be doing organising and grassroots work. that's really important because there's been a lot of infighting within t

mike mckee in washington thank you so much.per dive into the industry we are joined by the chairman and ceo of gallagher. gallagher is an insurance group you don't take on the underwriting risk and just to set the scene for us you're one of the industries that's benefited from inflation over the past couple of years. >> i think that's right. but in a good way. when you see cpi up and down data is continuing to show our midmarket clients have been expanding their businesses. and when businesses expand creates more explosion of sales and payrolls and things like that. businesses buy more insurance. so the economy is good it's good to be an insurance broker. we sit between the buyer of insurance and the seller and we help that relationship i making sure what the client is buying fits their needs and is the most competitive pricing they can get. so we are one of the ones trying to mitigate the cost increase while the same time the business is growing. >> to bring this to may of 2024. inflation in may was completely flat on a monthl