tv Cavuto Coast to Coast FOX Business May 9, 2023 12:00pm-1:00pm EDT
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stuart: we did ask what is the most popular item shoppers by their mother for mother's day. this is the most popular item other people buy. what is the most popular item, ashley? ashley: you know what? i will go for number two, greeting cards. stuart: really. come on. how but, mike. ashley: just to be different. >> not that different. i'm sticking with with ashley, two, greeting cards. stuart: you got to be kidding me. it cannot be greeting cards. you can't give your mom jewelry, surely. has to be flowers. >> see that? stuart: i don't believe it. 75% of mother's days gifts were greeting cards, followed by flowers at 72. >> well-done, ashley. stuart: i'm shocked at america. i blew that one completely. time's up for me. "coast to coast" starts right now. david: ahead on cavuto
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"coast to coast" a week of headlines could have big impact on economy. president biden meeting with the big four to carve out a deal on the debt ceiling. worried markets won't know the outcome until after the market closes. the border patrol warning the dam is about to break as title 42 is set to expire, we have live report to a town brace bracing for a massive surge. the fight against inflation. the public confidence losing kids in the fed chair ahead of key data that shows little progress on prices. we break it down for what this means for the economy with former director russ vought, national border patrol council brandon judd. republican congressman buddy carter. we have jack brewer on the push for reparations in california. welcome to the show. i'm david asman in for neil cavuto.
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the debt ceiling is meeting is today. house speaker kevin mccarthy and president sped toe square off on raising the budget with the u.s. weeks away from potential default. former omb director russ vought joins me now. thank you for being here. 9 public is not buying the attempt to put lipstick on a economy with inflation. >> i think they're up against the fact for two years or so they have approached the american people with such a lack of honesty wall of their proposals, with all of their explanations that they now find themselves in the predictment that they did not plan because they were not aware of what was occurring in the house. they did not expect the house of representatives to push a massive spending package, pass a
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bill with small majorities and put them in a position where they're the only ones who have passed a bill. so now the biden administration has to deal with that and they can't take a compelling message to the american people because they have lied to the american people for going on two plus years now. david: they also have the numbers against them, russ. we put some up on the screen. we can put more up. federal spending is soaring. we know that. but revenues are falling. of course that means the deficit is increasing. just seven months of this year, $928 billion in a growing deficit. that is 236% higher than in 2022. the numbers are not in the president's favor. >> no, they're not. when you have a cbo, congressional budget office projecting you will have 1.4 trillion in deficit, we are already hitting the trillion dollar mark seven months in, you're looking at a two trillion
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dollar deficit. this is just the first year of many. we approached three trillion in deficits over the next 10 years. so this is why it is so critical to use this moment that is the debt limit, where the nation has a chance to have a debate what it can afford what it can't. we're on an unsustainable path. why the house has done a commendable job putting forward five trillion dollars in spending cuts over next 10 years, part and a parcel going to 20% reduction this year, pecovid level, cap those this is similar to past deals attached to the debt limit. what they're asking for is not dissimilar to past negotiations. so the biden administration has to get to the table saying we're willing to meet you, to consider your proposals. i think they're going to have to do that. david: all they have said so far the biden administration these are maga republicans. everything maga republican is evil. frankly i don't think that is
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playing well with the public either, specifically when they look at details of the mccarthy plan including just sopping up some of the unspent covid funds. what could be possibly wrong with that? there is some legitimate proposals in here if the president is interested in picking some of those out that he likes that's fine. i mean that is what negotiation and compromise is all about, just to say it is all maga republican i don't think that is going to work. >> i agree with you, david, and i think that is going to be something they come to the conclusion after the theatrics today. i do expect today to be a little more after circus where they size each other up, allow senator schumer to play the fool thinking he has more authority to derail these negotiations than he does. the senate will pass anything that joe biden agrees to and kevin mccarthy can pass out of the house. so i think the white house is going over the next few days and weeks come to the realization
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they have to move toward the house, pass, okay with the package that was carefully designed to be able to save our fiscal situation as a country and get something as part of this debt limit negotiations. david: very quickly, russ, one thing that is near and dear to our hearts here, particularly larry and myself the workfare proposal which could save billions of dollars. president biden when he was a senator back in the '90s he supported it whole hog. he went all for it. it was something enormously successful not ownly getting people off welfare roles but decreasing poverty, getting americans to work again. does that have a chance in these negotiations? >> i think so. i think it is very hard to argue against that you wouldn't want to take a fresh look at the hammock of our social safety net in the aftermath of covid, putting the same principles on a bipartisan basis in 1990s, last
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time we had a major budget agreement. put those into place across the spectrum of our welfare programs. so you're doing it in medicaid and snap, food stamps and tanf. so i think it's very important proposal. i think it will be something they will have a hard time arguing against although they will certainly try. david: russ vought, good to see you. we'll be watching. meanwhile if the u.s. defaults on the debt money for border patrol could be gutted. we face dual crises on the debt and our southern border just as title 42 is set to expire. bill melugin joins us now from the border town of brownsville, texas, facing for another huge my grand influx. bill. >> reporter: david, good morning to you. i'm hearing from several frustrated border patrol and i.c.e. contacts this morning say they're flabbergasted dhs announced in a press release last night they would launch an enforcement operation in el paso
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going after illegal i immigrant evaders. they just blew the element of surprise. what dhs announced announced ina statement in mart, beginning may 9th, cpb agents, officers with law enforcement officers from i.c.e. will conduct a targeted enforcement operation in el paso, texas. i.c.e. and cpb will not take enforcement action in or near location where restrains people's essential services or engage in activities to the full as possible. the border patrol union is not happy. saying they fav away the plan. nothing like publicly announcing that dangerous people will be arrested while warning them ahead of time exactly where to run and hide to avoid arrest. this entire operation is a sad joke, another pandering pr stunt. serious law enforcement leaders don't behave this way, end quote. meantime, we've been talking about why we're expecting such big numbers on thursday. here is part of the reason.
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look at the stunning drone sid yo our team shot in ray knows sew, mexico. a migrant camp across the river from the rio grande valley. thousands of migrants living in the camp waiting to cross on thursday. that is not the only one. look at the second video, another smaller camp not far away from this one. the second camp on the banks of the river in reynosa. if we can pull up the second video if we have it. smaller camp, hundreds if not thousands of migrants living on the river. governor greg abbott is trying to stop it. they put razor wire and concertina wire in brownsville at popular crossing locations. he knows when one area is plugged up, another will open up. they will deploy more wire to block any other crossing areas. david, breaking news, multiple
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cpb last night leadership between cpb and border patrol cross-border sectors to do mass street releases of migrants to communities across the border, if, only in ngo do not have capacity in the shelters. i'm told this morning,cbp has 27,000 migrants in custody. they're completely overrun. david: you mentioned numbers in some of your tweets, we're on track to go over 3 million migrant crossings this year. i don't think we ever had anything like that, right? >> reporter: look, 2021 set a record. 2022 set a record. we're on pace to blow 2022's record out of the water. with numbers we're seeing right now, what we're expected to get, it is skyrocketing. david: thank you, bill melugin. thank you very much. for reaction, national border
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patrol council president brandon judd. first on the roadmap dhs providing for migrants. these migrants avoided any contacted, any attempt to sign up at the border. they're got-awayss, invaders, dhs is giving them where not to go, how to avoid detection, what do you think of that? >> every single border patrol agent and i.c.e. agent are extremely upset about this this is activism in law enforcement that should never happen. we have to be able to protect the american people. we have to be able to conduct our operations so we're not telegraphing exactly what they need to do to evade apprehension and that is what we did. if there are any serious criminals in those groups in el paso, they now know they need to avoid that area. they know that they need to hide. they know they need to abscond to another square and that is what active hism in law
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enforcement. we have to operate in see gentlemanner to target the criminals to keep the american people safe. if we want do do the american public pays. we see that time and time again. law enforcement is about protecting the american people and we can't do it if activism is running our agencies. david: not just the american people at the border. it is the american people all over the continental u.s. seeing for example, sanctuary city, they're busing people outside of the city because things have gotten sew crazy in the city. it is supposed to be one of those sanctuary cities. neil had on a representative from upstate new york, talking about what it means for his community. let me roll that tape. get your reaction. >> you were stunned by this you had no heads up or warning, right? >> none whatsoever. we had to figure out ourselves. even when we figured it out, the mayor, mayor's office were not
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giving any details. we had to figure out this investigation where this will be. we figured out what hotel it was. we got information that told us how many people are coming. they consistently refused to tell us when they were coming. so they left us no choice. we have no idea what is happening. david: this is happening all over the country from san francisco, to chicago, to new york. >> yeah the criminality doesn't just stay on the border it shreds throughout the entire united states. it goes to topeka, kansas, little rock, arkansas, bangor, maine, this fentanyl, they spread out throughout the entire united states. that is why we see so many deaths of american citizens. throughout, miami, florida. everywhere, the fentanyl is going everywhere. the dangerous drugs are going everywhere. criminal aliens are going everywhere. we have to control it on our side of the border. we can't expect another government to do it for us. that is all you heard from the administration. we're working with mexico.
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we're working with honduras, guatamala, el salvador. that doesn't work like in afghanistan we learn time and time again we can't rely on other governments. we have to control what we can control. that is protect the citizens throughout the united states. david: we're not only hearing it from the biden administration, other than fox news, couple outlets, the mainstream media is turning a blind eye on this problem. nbc fav days ago, guiden takes control of after end of title 42. do you see any signs that biden or his people are taking control of them media covers for the administration, that is know they can continue to lie or deflect to the american people. when you listen to karine jean-pierre, she says this is congress' fault, we have proven time and time again that is not true. the executive branch has the authority to implement certain
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policies and programs. we proved that under president trump, we can do it again. this administration doesn't have the political will to do it. when you look at the west wing, it is permeated with activists, dhs political appointees, they're activists. when you appoint people in political positions that come from activist backgrounds this is what we ultimately good. we could stop this tomorrow with the proper policy. it can come from the executive branch. it doesn't have to come from congress. yes the long-term solution should come from congress. right now in the immediacy the executive branch has authority to it needs to stop this tomorrow. david: brandon, i know you guys you place your life, your bodies, life on the line on the border. we're pushing for you. good luck for that is coming. it doesn't look good. brandon judd, thank you very much. >> i appreciate it, david. david: confidence in the fed chair is sinking especially when it comes to handling inflation. we'll dig into that with kenny
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transitory effects on inflation. i think it's probably a good time to retire that word. inflation has persisted longer than we thought. the committee is, is of a mind to raise the federal funds rate. we said we wouldn't lift off unless, until we saw both maximum employment and price stability. i don't think i would do that again the u.s. banking system is sound and resilient. david: one word, ouch. public confidence in fed chair powell in a new poll. only 36% of the adults in the nationa great deal or fair amount of confidence that powell will do the right thing for the economy. let's get reaction from slatestone wealth kenny polcari. good to see you. hard to blame anybody for lack of confidence when you hear all the times he has been wrong with so many different issues. >> no, it is very true.
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i wonder what the age group is in the survey they have taken, right? you might have a biased to people that didn't live through it the last time that you and i did in 79, 80, when we saw inflation roll over and rear its ugly head again. the conversation then again was very much the conversation we're hearing today. so yes it is frustrating. am i frustrated with him? yes, i am but i'm also of the mind set i think inflation will remain stubborn partly because of how long they stimulated, overstimulated and partly because of what the administration done. it is hard to be right every time you make a comment but i clearly understand why people are frustrated with him. david: as far as inflation goes, one thing, very woke central bankers that believe in the modern monetary theory you can print money to your heart's content there are no consequences, they have now been
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proven wrong. we all knew, those people with common sense realized they were up the creek with their way of thinking but at least now we proof of that. >> that is part of the problem. you know, they bought into it, they bought into it. they did it. they did it. now it is coming true. now we have to figure out how we get out of this. this is why i think jay powell has to stay the course. i don't think, argument we'll get a pivot, 75 basis point cut in rates by end of the year i think is ludicrous to me. i think we're going to get actually one more hike. then we'll get a pause, not a pivot at all. i think it holds there. to prove it wrong he will have to remain vigilant in order to try to clean up this mess that has been created. david: kenny, let me ask but the banking things. this is still, seems to be settled, then it boils up again, seems to be settled, boils up again. "the wall street journal" has been looking into this. they see a very strange
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situation war banking regulators are allowing sweetheart deals for the big banks which they say they are opposed to like chase, but not letting mid-sized deals go through. here is what the "wall street journal" said, it is not hard to include prefer a system dominated by a handful of big banks that they can politically control. that is a little conspiracy-minded what do you think? >> it's little bit conspiracy-minded, remember the bigger the banks get, they end up becoming partners with the government. they are absolutely now too big to fail. they're almost guaranteed implicitly by the government. i think it is a mistake. i think the country needs a range of regional banks. i think there is opportunity to see some consolidation i think they're being too hard. they need to let the regional banks merge amongst themselves, create a vibrant, next level of regional banking. i think having four or five banks at the top controlling everything is a huge, huge mistake. david: it is hypocrisy that bugs me. they claim they're for the
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little guy, little banks, they make it much more difficult for the little guys to survive regulations than the big guys. kenny, thank you very much. >> you as well, investors looking to dump capital into chinese a.i. firms maybe be running up against new rules from the biden administration. we'll have the very latest on the great a.i. debate coming up next. ♪. ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪
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hi, grady. >> reporter: hi, david. the artificial intelligence race is ramping up. the u.s. government wants to make sure u.s. companies aren't helping china get the upper hand. the biden administration is mulling a proposal that would block the flow of money for a.i. investments from the united states to adversaries, a number of countries including china. the goal of course, to try to make sure u.s. companies aren't funding technology that could support china's military or egregious human rights violations by the ccp. at the white house and here on the hill, a lot of the talk about a.i. is about putting up guardrails but some lawmakers argue the conversation shouldn't just be about how to protect ourselves from the technology. >> i would like to know not just how well we can defend against these emerging new, highly technical threats but how good are we offensively with them? that is something we rarely talk
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about. >> reporter: that is certainly something that chinese president xi seems to be watching. he is full speed ahead on artificial intelligence. he is pushing for the use of a.i. to compete on the world stage and lawmakers here, they're having discussions about artificial intelligence, grappling with the concept of trying to regulate it without stifling innovation while in china and even some of our allies like in the european union, they're moving to regulate it. they have concrete proposals that will soon, while i mentioned, david, here, it is just discussions. for better or worse they're moving forward with regulations elsewhere. david: grady, thank you very much for that. meanwhile "the wall street journal" is now reporting that the ccp, the chinese communist party, could shortly have access to tudor.com's collection of quote, data on users including names, home addresses, i.p. addresses, recordings of their sessions. this because of a new decision
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by cfius to let a deal go through for a chinese company to buy tudor.com. let's get the reaction from the great u.s. china tech war author, gordon chang. we should mention, not only tutor.com, but also the princeton review that does test preparation seminars for people trying to get into grad school. this is enormous amount of data that the ccp could have access to. it looks like cfius is letting it go through. why? >> i don't know. we shouldn't allow china to buy any u.s. company with this type of information. we allowed that for a decade. in the biotech area we allowed china to buy complete genomics, which at the time had largest collection of dna profiles of americans. we don't understand the threat. china gets a lot of information by hacking but they also get it because we sell it to them.
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at least we should be stopping the sales of sensitive information to china. david: well you know, i can think of a lot of, i can imagine ways that the communists party in china would love to have access to this, particularly home addresses, stuff but what are some of the dangers that you see when you think of them having access to all of the data that the princeton review and tutor.com have? >> yeah. china builds profiles on americans of interest and that includes tens of millions of americans. so they can use this information for eventually, for intimidation or blackmail purposes, which is the reason why they have gone after the big health databases through hacking for instance, but they will do the same thing with stuff they can buy. so we should not be permitting this. david: now on the other hand we beat up on cfius on this one occasion. there is something else they seem to be doing i think you would support, they proposed expanding their jurisdiction into the sale of, into land
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deals that the chinese are involved with, particularly those near military bases, other items of support, what do you think of their proposal to do this? are you in favor of that? >> owe, absolutely. you know, with the proposed purchase and building after 700 million-dollar corn milling plant within 12 miles of the air force base in grand forks, north dakota, if you look through the cfius preglations, cfius does not have the authority to prevent that acquisition, which is just incredible. it should of course have it. it should have authority on all chinese purchases in the united states, so yes, this needs to be expanded but needs to be expanded much further than the administration is currently proposing. david: i'm usually not in favor of more government regulation. i think 90% of the time it is the wrong thing. in this case you have to look at it again. governor desantis on a state level just this week has made
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some special measures, signed bills, prohibiting chinese citizens not only from buying property that is near military bases but farmland and property that is near infrastructure, critical infrastructure. so he is doing it on a state level, is that something that should be federalized? >> well, every state should do it and federal government should do it because we've seen some extremely disturbing activities by chinese parties on american agricultural land. so, for instance in oklahoma, there appears to be human trafficking operations on farmland. maybe even prostitution. and of course there is illegal drug cultivation. in november or december last year, there were gangland murders on chinese-owned farmland in oklahoma. this is across the united states. but clearly until we figure out what is going on here, there is a lot of things which are really perplexing we shouldn't allow
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chinese parties to own farm or ranchland in the united states. david: gordon chang, thank you very much for that, i appreciate it. >> unprecedented decision by a reparations task force as california should pay out billions of dollars to black residents. why former nfl star jack brewer says this is the wrong approach. he is near next. (man) what if my type 2 diabetes takes over? (woman) what if all i do isn't enough? or what if i can do diabetes differently? (avo) now you can with once-weekly mounjaro. mounjaro helps your body regulate blood sugar, and mounjaro can help decrease how much food you eat. 3 out of 4 people reached an a1c of less than 7%.
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>> we all know reparations should have been paid like for yesterday. it is more than just slavery. everyone else has been paid, now it is our turn. i came all the way from georgia to speak for my ancestors to make sure we get this done right. david: california task force recommending billions in reparations. economists working with the task force say the total cost could reach $800 billion. former nfl player jack brewer joins me now. jack, there are all kinds of
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moral implications we need to get into. but first just the dollars and sense of it. california is, leads the nation in the number of tax, people fleeing because of the high taxes and regulations. it is running a 24 billion-dollar deficit and it wants to spend $800 billion on this? the numbers just don't add up, do they? >> no they don't. it is unfortunate. i wish everyone could be handed checks of a million plus dollars, but that is just not realistic. you wonder why a place like california runs the way it does. overtaxing people, people having to flee some of the most beautiful property on the planet. it is just sad to see that people are this lost and that they're so many that are just appeasing this idea that we all know is foolishness. david: the bottom line, this does get to the morality of all of this, we know that this is more than just about money.
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what's happening in the black community, what is happening with a lot of communities in the united states, not just the black community, all over the united states, there is this problem with nuclear families that are breaking up, partly because of government perverse incentives from the government, et cetera. i mean, the questions go beyond money. how do you strengthen communities, beginning with the most nuclear community of all, the family? >> no one wants to talk about that i'm all for reparations but i want reparations through education. starting off in california, a place where you look at african-american kids, 84% of them are not proficient in math and reading. 84%. that should be criminal. to see a bunch of legislators trying to give million dollar checks when you have your kids that can't read and write, discuss really shows you how lost they are where their focus is. almost a demonic feeling to think that you could have so
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many children born out of wedlock, millions of kids born out of wedlock, particularly african-american kids with no fathers in their home. california is a place where you see sex trafficking is on the rise. you see violence on the rise. kids are going to school not being able to learn. if you don't want to fix those problems first, where are your priorities? yeah, let's have reparations. every american should stand up for reparations through education so we can help the most underserved people get back on track so they can participate in this great american dream. david: you know, the test scores, and the ability of people to compete in a very competitive world right now have been going down, despite, perhaps because of all of the billions of dollars we just been trying to throw at a problem. that doesn't do it. the money alone doesn't do it. it is putting parent back in control. that is why the idea of giving parents more control of their
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kids education is so important because they then have, have a property in the notion of their kids education. they feel a sense of, not just obligations but also participation in what is going on in their kids lives. >> that's right. it's level of accountability to get your kid focused on their school work. i'm lucky to live with my wife, i got to stay on top of my kids to stay on their school work. it takes responsibility for parents to make sure their children participating in school. if you don't have that, you're going to start having breakdown in the morality. that is the biggest issue we face in america is a moral issue. we have a crisis where kids abandoned, not taught the ten commandments. spirituality has been ripped out of schools. i feel story for these teachers. i just met with a school last week, i felt terrible with principal trying to take all the
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spiritual warfare placed in front of her. someone asking a million door la checks, not asking to fix the fabric of our nation, it is a disaster and almost criminal. david: this network is all about money, money can be helpful in situations. in this case. david: it is not just money is the problem. you throw billions of dollars at problem you won't necessarily fix it if you don't have other things in mind. jack, always good to see the full-scale view what is going on in the nation. thank you very much for the work that you do. >> god bless you, brother. david: you too. let's check with taylor riggs what they have on "the big money show" in 15 minutes. hi, taylor. taylor: about expiration of title 42 what you've been discussing. representative michael burgess joining us on all things. he is also on the house budget committee. we'll get to hear from him on two big issues. the ceo after i.t. software
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♪. david: back to inside of the beltway. house speaker kevin mccarthy congressional leaders will be meeting with president biden to discuss the debt ceiling at 4:00 p.m. eastern today. that is right after the market closes. my next guest says americans credit cards are simply maxed out. georgia republican congressman buddy carter joins me now. let's both, congressman, in terms of the private sector and the public sector by the way. we heard that the debt, personal debt is going way up as people run out of money to buy things they want and need but in terms of the government's credit card, the deficit is now in first seven months of the year, 982 billion. that is 30% increase from this stage in 2022. this can't go on.
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>> it can't go on, it is not sustainable. the number one responsibility of the federal government is protect our homeland. we can only do that with strong defense. if we keep on the same track we're on right now, fiscal year 24, interest, interest alone on the debt we'll spend more on it than we will be on defense. this is not sustainable. just to raise the debt ceiling, look, it is not a question whether we're going to raise the debt ceil, we are going to do that, it is question whether we raise the debt ceiling responsibly. that is why the republicans, that's why we passed the limit, save and grow plan. it will raise the debt ceiling and do it in a responsible way. the democrats have no plan whatsoever. they just think you just raise the debt ceiling, continue maxing out on debt on credit cards. david: congressman, if i can jump in for a second. democrats writ large, like biden saying maga republicans. are there any democrats, we
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certain hi heard from joe manchin as one, there are merit to certain parts of the mccarthy plan. do you know any in the house? >> absolutely. good point. i appreciate you bringing that up. there are some democrats who agree we need to limit our spending. they agree with this. 57% of all americans said they agree with the limit, save, grow plan we passed in the house. we should do it. the president -- david: forgive me for inner interrupting so much, specifically what is it that these democrats who you know would go along with in the mccarthy plan? for example, taking back the unused covid funds is that something they would be in favor of the president signing on to? >> well, the specifics of what they would be in favor i'm not certain of but i do know this, they have indicated that the president should negotiate. they have said, he should negotiate. debbie dingell from michigan is one of the house members who said that we had another democratic house member who said that as well.
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we've had two senators who say that they agree they should negotiate. after all senator biden negotiated on the debt ceiling. vice president biden negotiated. why isn't president biden negotiating. david: congressman, i want to shift gears to the border, because it is exploding. title 42 is expiring in 48 hours. the house gop rallying around a sweeping border bill. where do things stand on that? >> well, the bill that we are going to pass this week, the secure the borders act, that is what needs to be, that is what needs to be passed. again just like with the debt ceiling, this administration has no plan. when this expires in 48 hours, less than 48 hours now when title 42 expires we'll have a mess again. they said they will send some troops down there well, that's great but what happens when all of these people start coming across this border? we've had five million people who have crossed the border since this administration took
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place. million got-aways who have crossed it, enough fentanyl been seized to kill 3.1 billion people. that has got to stop. david: we are now on track, at least over the past week, if these numbers continue or go up to be over 3.2 million migrants in one year. i mean we never had anything close to that. it is exploding. congressman, thank you very much for coming on. we do appreciate it. buddy carter, thank you very much. more stores are closing their doors in san francisco with businesses continuously battling the city's crime wave. we're going to be talking to one restaurant owner capturing thieves at his place on camera. what can he do next? mara, are you sure you don't want
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-to go bowling with us tonight? -yeah. no. there's my little marzipan! [ laughs ] oh, my daughter gives the best hugs! we're just passing through on our way to the jazz jamboree. [ imitates trumpet playing ] and we wanted to thank america's number-one motorcycle insurer -for saving us money. -thank you. [ laughs ] mara, your parents are -- exactly like me? i know, right? well, cherish your friends and loved ones. let's roll, daddio! let's boogie-woogie! ♪
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ashley: t-mobile the latest casualty shutter gets flagship store in union square, the third storm front and a row in union square to sit unoccupied. san francisco's crime problem taking a big toll on businesses and doesn't mind expands. 's restaurant has been burglarized. he captured him on security cameras and is calling you in the mayor to do more to help, david lee joins me now. have you been in touch with the mayor's office? have they been in touch with you? >> i reached out through twitter but haven't heard from
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the mayor's office. dave: what should they do? what could they do to turn this around? >> more protection, more visibility. they have harsh punishments for people, a lot of the criminals know that once they break in if they get arrested they will be released. you can tell about repeat offenders. it's the same person doing it over and over and there's no control over it. dave: you had the district attorney in san francisco and he was cut loose, the people got together and said we have enough of this, a new dna came in, supposedly put in tougher prosecutors. is any of that shown up in a good way in san francisco? >> a lot of problems with the drug problems and the homeless problem, restaurant owners on
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the bottom of the totem pole. it is hard to tell where the problem is and how to fix it. dave: the quality-of-life issues, those are directly tied in with what is happening with a crime problem. >> you can tell about that and because of that, a lot of businesses are closing. tourists have dropped a lot and people are not working the city and that causes more violence and crime, not enough people controlling it. dave: how many of your friends and businesses have given up and left? >> a lot of us are thinking it. we are on the borderlines, we text each other and it is sad, we talk about big problems and i am their too. i am so drained, checking my
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phone to make sure nobody broke into the restaurant the night before. dave: are voters waking up to this and might vote in people who might change it? we know it can be done, we turned around in new york. >> i hope so. small businesses in san francisco are closing and with big businesses closing you won't have a city. i hope so. dave: we wish you the best of luck and hope there's more than luck. i hope people are doing something about it. giving up and leaving won't solve the problem. good luck to you and your friends, beautiful city, no question. quick check of the markets. looking like it's in the red. nasdaq taking the biggest hit. we have a lot of inflation stats later in the week but time for
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