Shownotes Transcript
Hey everybody, Charlie Kirk here live from the Bitcoin.com studio in the Charlie Kirk show. Optimism, I bring you into the room of how some very powerful people are thinking about the next six months and three years. A very, very important discussion here. Email us as always, freedom at charliekirk.com. Senator Rick Scott also joins us about the reconciliation and the budget bill. And finally, Alcatraz is reopened.
That's right. Alcatraz is open, and I think you're really going to enjoy this conversation. Email me, as always, freedom at charliekirk.com. Subscribe to our podcast. Open up your podcast application and type in Charlie Kirk Show. Get involved with Turning Point USA at tpusa.com. That is tpusa.com, tpusa.com. Buckle up, everybody. Here we go. Charlie, what you've done is incredible here. Maybe Charlie Kirk is on the college campus. I want you to know we are lucky to have Charlie Kirk.
Charlie Kirk's running the White House, folks. I want to thank Charlie. He's an incredible guy. His spirit, his love of this country. He's done an amazing job building one of the most powerful youth organizations ever created, Turning Point USA. We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country. That's why we are here.
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We had an amazing weekend. In fact, we did not stop. There was no rest this weekend. Usually I take a very serious Sabbath, a Shabbat, but this week was a wartime weekend where we hosted well over 375 of our top Turning Point USA donors and supporters.
in beautiful San Diego. That was, of course, after we did University of California, San Diego. I was all over the place yesterday. And in fact, I'm going to tell you about a dinner I had. I'm not going to be able to tell you who was there. I'll kind of be a little bit cryptic, but that's not the important part. The important is the type of people that were there and the takeaway about the United States economy and how people feel about it. So last evening, I was part of a, let's just say, a ruling class dinner. These are the people that make the decisions about
economically, culturally, politically. As a side note, I got a chance to meet Ross Ulbricht, which was amazing. That was just awesome. And Ross Ulbricht is now free from prison with a full pardon, thanks to President Donald Trump, something that I advocated for fiercely and forcefully for quite some time. And it was just awesome. There it is up on screen to be able to meet Ross Ulbricht, one of the more, let's just say, satisfying accomplishments in
Ross Ulbricht was given two life sentences plus 40 years and egregious over sentencing for what he did. And I was nonstop focused on getting him out of jail and President Trump deserves all the credit. So I was thrilled to be able to meet him in person. It was very surreal because I actually never had a chance to meet him. I'd only communicated through letter while he's in a maximum security prison.
So I was at this dinner and it was mixed politically. I would say it was probably 30 to 40% Republican, 30 to 40% Democrat, and then kind of in the middle. So this was...
not an ideological dinner. This was one where they're kind of just talking about current events, artificial intelligence, all that. And I'm not going to tell you what it was or all that because there's all these confidentiality agreements. But here's the important point is that at one point, somebody asked the groom, raise your hand if you are bullish on the economy and the state of America for the next six months. And almost no hands went up. Well, a group of about 100 very important economic titans. How many of you are bullish on the country a year from now?
About one fourth of the hands went up. How many of you are bullish on the company two years from now? Almost every hand went up. How many of you are bullish on the company, a country three years from now? Every single hand went up. And for me in this off the record kind of private gathering, it was very interesting that there might be some short term pessimism. I took this actually as a major positive.
And the reason there's uncertainty in the next six months is there's just too much unpredictability. That's what they're saying. We don't know where the tariffs are. We can't plan anything. We don't know if we're going in recession. We're delaying some investments, all sorts of excuses. I actually think I'm more bullish for the short-term economy than they are, but that's not worth debating. What was telling, though, is that they believe that long-term Trump is going to be long-term great for America. And that was the kicker.
Is that when the money is on the line, there is a long term bullish perspective on this country that there might be dips and there might be little speed bumps and there might be corrections. But there is a even private agreement amongst people who hate President Donald Trump. They believe that this long term economic realignment will work and that it is necessary.
And that, I think, is lost in all of the coverage. And finally, we have a president that is rejecting the temptation to indulge and engage in immediate gratification.
It's easy to just get the hands in the room about the next six months. What is difficult, but what is necessary is what is the economy you're building for the next three years, the next 10 years and the next 30 years? That is the instrumental question. And President Trump wants a real legacy. And of all the things that President Trump will be reminded for, will be honored for.
Is cutting us off from the instant gratification of the lords of easy money of getting high on low interest rates while we are barreling towards a financial and fiscal apocalypse. And then also making the provocative and yet so necessary truth claim that if you don't make stuff in your country, you're not actually a country. And finally, he has awoken the United States to what could be called the new Cold War.
Whether we like it or not, we are involved in some form of a conflict with the Chinese Communist Party. And let me just say it right here. There's going to be a testing time. The Chinese Communist Party very well might go and play their Taiwan card in this presidency. And what that looks like, we don't know. And if they're able to get TSMC, which is the Taiwan semiconductor plant, which is the backbone of the semiconductor chips for the entire industrialized world, billions of them every year,
Now TSMC is investing in America in Arizona, but they do not have the highest grade plant. They have what is a three out of four plant and only a four out of four plant is actually able to make the semiconductor chips that are necessary for the latest iPhones and the latest devices that power the entire world economy. We hardly ever talk about Taiwan and we talk about Israel and Ukraine a lot. There's a lot of interesting elements here, but I found this to be an incredibly optimistic take.
full of growth, one that is against the narrative that they're trying to paint on television. Because if you think about it, what does the next six months matter if in three years you're going to be in economic freefall? Let's play part of President Trump's phenomenal interview for NBC. He sat down with Kristen Welker asking all about small businesses and tariffs. And instead, the question should be,
How do you think the economy will be in two years? How are you reconfiguring how the economy is currently composed? That's the more critical question. In America, our goal is growth. And this is such an important point. When you talk to European CEOs and you talk to European leaders, their goal is sustainability, deindustrialization. So much of the developed world just wants to die because they think that growth means more carbon emissions.
Here in this country, we are a country of flourishing. We're a country of risk-taking. We're a country of building. We're a country of inventing. We're a country of innovating.
And it's so against the framing of this ridiculous question from Welker from NBC, which I can't get away from. We got to play cut 148. Play cut 148. So small businesses say they are being hurt by the Chinese tariffs. Many businesses are being helped. Are you considering tariff relief for small businesses? Why do you always mention that, you know, you pick up a couple of little businesses? What about the car business? They're going to make a fortune because of the tariffs. And.
Instead, the question should be, will that small business even have an economy to be able to trade in? Delayed gratification is at the heart of every single entrepreneur. When you think about what makes an entrepreneur, it's that I'm not going to pay myself. I'm not going to reward myself because there will be a payout down the road. Delayed gratification built the West. Delayed gratification is why Texas was able to be built.
Delayed gratification is why pioneers went West. Delayed gratification is why people built Arizona with no air conditioning. Delayed gratification is why so many people went to California during the gold rush. And we have changed the mindset the last 20 years to be an immediate gratification. It's bad for everybody. It's bad for your kids. It's bad for society.
And it's going to take some maturity to now look two or three years down the horizon. But I could tell you that even those in the ruling class that don't like Trump, even those in the ruling class that have disdain for him and might have a lot of skepticism for the short term, they all believe deep down that President Trump will be able to unleash and unshackle the American economy to greater heights, to be stronger than ever before.
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Go to LegacyBox.com slash KIRK to claim this very special offer. That's 60% off for a limited time. Go to LegacyBox.com slash KIRK, LegacyBox.com slash KIRK. I want to talk about the psychology of fear. It's really interesting. And only for this because when you make decisions when you're panicking and when you are fearful, they're of course not the most rational decision. By the way, we're here at the Bitcoin.com mobile studio. Phenomenal people, Bitcoin.com mobile studio.
And just think to about a month ago. But a month ago was Liberation Day, April 2nd. President Trump announces the reciprocal tariffs on all these countries and the market dips day after day after day. And people are worrying that there will be a run on the bonds. Now, mind you, privately, I was getting a lot of messages. I think I was a lot more calm than a lot of people I was getting messages from. The language and the anger was just out of control.
And the market went down. Again, I don't like market watching. I think that it's very deceiving because markets can be manipulated by cheap money and quantitative easing and just high overvaluation of stocks. And so I don't love just market watching. We're not a market watch show. But I could tell you that a lot of people in my own circle that usually we're very calm and very even keeled, we're losing their mind. And I asked them, I said, guys, do you really think that President Trump is going to
intentionally crashed the American stock market. Well, that looks like what he's doing here. And I said, well, are you bullish on America or are you bearish on America? That's the most important question. And I don't know. I'm going to sell everything. I know a lot of people that sold millions of dollars of stock, which ended up being like the dumbest thing. If they just would have waited a month, the stock market has already recovered and it looks like it's going to go even higher. I know a lot of people that bought the dip and they've done very, very well.
And Trump is also often a roller coaster ride. And this is where it connects the dots. And it goes back to Trump's economic plan, goes back to this whole thesis here. If you were willing to sell during the panicking, the panicking, or as Trump says, the panicking, then you yourself are a short-term gratification investor. America was built on long-term gratification, delayed gratification. The stock market is not a casino. You buy companies.
We said this on the show and oh my goodness, we'd be getting emails. Charlie, I can't believe how much money I lost because of President Trump and what do I do? Okay, well, you actually only lost the money if you sell the stock. Yes, it is down materially, but just wait a year, wait six months because there is so much to be bullish about.
Where America is on the cutting edge of quantum computing, on the cutting edge of artificial intelligence breakthroughs, on the cutting edge of liquefied natural gas. We are an energy superpower. We have entrepreneurs that are the envy of the world. And when you have a semblance of a free market liberty economy,
We are going to be able to compete against China. China has so many advantages against us. I think China is an enemy. The one, what is our greatest advantage against China out of everything that we are a freer society than them. That's it. That is the great advantage. They have more people. They are a little bit more industrious to be honest with you, meaning that they just, I'm not saying that our people aren't hardworking, but there is an energy from the working class there that is very ambitious. They want to break out of poverty there.
We have actually, I'll say this energy and our free society. They don't have energy. They have a big problem, but when you have a free society and you don't have 700 million cameras, like China does constantly monitoring your thoughts and your actions, your body movements, your words, and you live in a legitimately Orwellian society. I actually think that we're going to beat them because of that. When you don't have a free society and it's pure totalitarian long-term, I think we're going to have better ideas and
We're going to have happier people. In the short term, China has a advantage. They have over a billion people, about 400 million of them, which is more than the population of America, are extremely driven to get more money and get more stuff. It is a problem. The way they run their manufacturing plants, it is a thing of honor to run a manufacturing plant in China. They're like a pseudo mayor, but they're very materialistic. They don't have a belief in the divine.
They're going to be lacking meaning. They're going to have the same problems that we've had in the West when we get away from ultimate issues. Viktor Frankl's thesis will be just as applicable to the people of China as it is here to the mainland of America. And what President Trump has done is he says, no longer am I going to destroy the middle class to enrich the Middle Kingdom. And the Middle Kingdom, of course, is what China literally means in Mandarin, Middle Kingdom.
So instead, we want to challenge the middle kingdom and rebuild the American middle class. And what President Trump has finally framed using delayed gratification is, hey, wake up, America. This is the fight of the century. It's not Russia. It's China. And once America gets focused, as Churchill would say, once America wakes up, watch out.
And we are finally awakening from our slumber. And President Trump, he's the alarm bell. President Trump is that alarm at 4.30 in the morning that you don't want. Like, what is this? I want to keep sleeping. No, get up. It's time to beat China. He deserves great credit for that.
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Joining us now is the great senator from the state of Florida, Senator Rick Scott. Senator, thank you so much for taking the time. Great to see you. There's been so much news here, but there hasn't been enough coverage, in my opinion, about President Trump releasing the fiscal year 26 discretionary budget request to Congress. What is in it? And please take some time to educate our audience on it. Thank you, Senator. Charlie, let's think about why President Trump won. He won because he said he was going to secure the border. He's done that.
also said he's going to focus on inflation. The only way we get inflation under control
is to stop this wasteful spending. That's what he's doing right now. This is the only part of the budget he's ultimately going to put out, but he's got a great team that's focused on how do we get rid of this wasteful spending. Now, think about it. He's done it with what Elon Musk is doing with Doge. He's been cutting spending, and I think they're going to continue to do that. They're finding ridiculous waste of money. But what he's done with his blueprint is to show there's so much waste
And he's going to do everything he can to get this budget balanced. Now, it's our job in the House and the Senate to work with the president to get the spending under control so we can get inflation under control and we can get interest rates down. So this is the beginning of controlling the spending, but we're going to do it through our budget process and through the reconciliation process. Okay, so let's go through some of the specifics here. I have not had a chance to study it. I've had a very busy weekend with our Turning Point USA supporters going all over the place.
What would be the annualized deficit of this budget if President Trump gets his way and Congress approves the budget? Well, what the president wants to do is actually balance the budget. He's got a short-term plan to balance the budget. So part of it is going to be – so we – it doesn't make any sense because your family doesn't do it this way. But we have things that are mandatory that we don't even review like Medicare and Social Security and Medicaid. And then we have discretionary things like defense spending.
and NPR, PBS, things like that, that we focus on every year. Now, what we should be doing is look at all parts of the budget. In the reconciliation process, we're going to be going through the mandatory parts of the budget. And in the budget process, which we have to have done by September 30, we'll be going through the discretionary part. So,
So as I talk to Russ Vogt, who runs Office of Management and Budget for the president I'll be meeting with this week, is their goal is to very quickly balance the budget. But they know they have to work with the House and the Senate. So hopefully, here's where we need to get down to. My opinion this year, we need to get down to about a $6.5 billion total spend, discretionary and mandatory. That will get us down to hopefully less than a trillion-dollar deficit with the goal that over three years, we balance the budget.
Now, if it was me and it was President Trump, we'd be on the balance of budget right now. We think we'll collect about $5.5 trillion. We'll see what he collects through the tariff process. But we think that we'll collect at least $5.5 trillion, so we need to get our spending down. Now, is that possible? Absolutely. We've seen a 53% increase in spending in five years and only a 2% increase in population. If we actually went back...
All right. And stopped, you know, stop growing the budget and just grew the budget. Like, let's say since since Barack Obama left or since Bill Clinton left, just based on population and inflation, we would have a balanced budget right now.
I mean, the Democrats have just thrown money like crazy and they've taken money and made it mandatory, which means we don't even review it every year. So it's going to be a lot of work, but I know the president's committed to this. So hopefully we'll get down to less than a trillion dollar this year deficit and with a balanced budget within three years.
So let me ask you a question, Senator, and this is just me representing a lot of the questions of the audience. I love our military. I know that you're a big Navy guy. I see you wear that hat all the time, and you're very proud of that. There's certainly a lot of waste in every government department, including the Pentagon. In this proposed budget, President Trump wants to have the first trillion-dollar defense budget. It would increase spending by 13%.
To be honest, I'm a little bit – let's just say I need to be won over on this because I think that there's a lot of waste in the Department of Defense. It's nothing against our veterans or our military, the greatest military ever.
What would be your argument, if you agree with it? I mean, I'm not sure if you do, of why we need to increase defense spending right now. What we ought to be doing, Charlie, is doing exactly what you do with your family budget. You review everything. So we should be going through line by line through the defense budget like we do every other budget and say, is that a must-have or is that a nice-to-have? We also need to see how can we get things done less expensively.
So I was just over in Denmark, Finland, and Estonia two weeks ago. And one of the things I did was I met with shipbuilders over there to say, okay, so can you do it less expensively than what we do it here? We need icebreakers. Can you build them cheaper than we can? Do you have technology on shipbuilding that you can bring to the United States so we can get things done quicker? So what we have to do is we have to stop saying we're going to do everything and say, okay, so let's prepare for the, you know, what's,
Our problems, our biggest problem right now is China. So what do we need to do to prepare for China and spend our money that way, build our budget up that way? I think there's lots of, Charlie, I agree with you. There's lots of savings.
I'm glad to hear that. And the best argument – again, I'm still a little bit skeptical because I'm such a fiscal hawk. The best argument would be that it's a signal to the world that the dollar is safe because the dollar is largely backed by the supremacy and the superiority of the United States military. People feel safe because they know that if anything were to happen, the United States military can intervene and do so better than any other organization – any other country.
Let's also talk about Medicaid. And so from what I understand, what Speaker Johnson put forward was to try to remove the cap limit where you have to spend a certain amount of money on Medicaid in a certain state to then trigger the federal money to come in and basically do block grants. This is being met with a lot of advertising against Republicans want to cut Medicaid and a lot of misinformation.
Can you please educate the audience on what is the ideal plan for Medicaid and where you stand on this issue? Okay. So I used to run the largest hospital company in the country. All right. There are so many ways to deliver healthcare less expensive than we do it. So here's some of the things we're doing wrong. In my opinion, number one, we shouldn't be covering people that don't want to even look for a job. If you don't want to even look for a job, uh,
then why are we giving you free public housing, food stamps, healthcare, any of that? So that's number one.
Number two, it's supposed to be a match program, but what's actually happened is states have taken advantage of the program and now it's become most of it is all the growth is in federal spending because they've used provider taxes to dramatically increase the federal spending, but not the state spending. It's supposed to be a match. Next, the match between the states is tied to the income levels of the state.
Well, places like California and New York, they're guaranteed 50% match when their average income is way higher than some, say, like Mississippi or Alabama or things like that. So we should do it based on real income levels, right? Then we shouldn't – the other thing you have to do is you have to fix the delivery system, right?
You shouldn't say, oh, for the exact same procedure, I'll pay you more in an inpatient setting than an outpatient setting. So there are so many ways to reduce the cost. Now, we clearly shouldn't be covering people here illegally. And so you've got to have a work requirement. You've got to have skin in the game. We've got to make this a program that –
You have to work to get this. You don't get it just because you don't feel like going to work. So there's a lot of money. There's a lot of money to be saved in the Medicaid program. And if you – actually, when I was governor, I told – Trump was president the last few years I was governor. I said, if you give us – if you give us and allow us to spend the money the way we want to spend the money, you don't have to give us as much money. We will be able – you have so many foolish rules.
that I have to comply with that cause the cost of Medicaid to go up. And so if you got rid of those rules, I could drive down the cost of Medicaid for the state and ultimately for the federal government. So about a minute remaining here, Senator, and thank you for taking the time here. Do Republicans have the backbone and the spine to fix Medicaid as you have suggested and improve it
Despite all the media lies and the Democrats misleading framing of what Republicans are trying to do. Do your colleagues have the capacity to get this done? Please, one minute remaining. OK, Charlie, I'm hopeful. I'm hopeful. I'm responsible for the Wednesday lunch. I brought in an individual here in Bragdon last week. He came in and explained all the different ways that we could save money on the Medicaid program. I'm optimistic.
It starts with the House, so we'll see what they're going to do. They're not going to do it this week now. They're going to do it next week. But we have to do this. We have to do this. Our interest rates are not coming down. Inflation is not coming down. And we're allowing people to take advantage of the program that's not fair to the American public that's out there working every day. Senator, thank you so much. You're always welcome. Keep fighting hard. And let me just communicate something from the audience.
please find ways to cut spending. We are careening towards bankruptcy. No one wants to talk about it. We love the tax cuts. We love the tax cuts. We love the tax cuts, but it will all be for nothing if we are posting two or $3 trillion deficits.
So please just know with conviction, and we are empowering you here on this program to go back to your colleagues and say, guys, the people want spending cuts. We need to live within our means and shrink the size of government. Senator, thank you so much. Like every family, Charlie, like every family does. Absolutely. That's right. Exactly.
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for your monthly budget. So go to it right now at YRefi.com. That is Y-R-E-F-Y dot com. Okay, everybody. Big news. Alcatraz is reopening. President Donald Trump announces rebuild and open Alcatraz. Man, I love it. Our borders are closed and Alcatraz
And Alcatraz is open. For too long, America has been plagued by vicious and violent and repeat criminal offenders. The dregs of society who will never contribute anything other than misery and suffering. When we are a more serious nation in times past, we don't hesitate to lock up those dangerous criminals and keep them far away from anyone they could harm. That's the way it's supposed to be. No longer we will tolerate these serial offenders. Keeps on going to say that we are going to open Alcatraz. And so he wants it reopened. He's directing the Bureau of Prisons to do that. Now, here's what I think he should do. I think it should be a...
It should be a, it should be a, basically an announcement. When someone goes to Alcatraz, people need to know who's there. Very high profile. As they kind of go on the boat there, there needs to be media coverage. There needs to be almost a perp walk. And no, this will not be like a, it'll be the opposite of a marker of approval. It'll be
A public reminder that if you do terrible stuff, you're going to go to the nastiest prison that we have. Alcatraz is nasty, everybody. That is no good. It was formerly a military fort. 36 inmates tried to escape in 14 separate attempts. Almost all were captured or killed. It's now operated by the National Park Service. And yes, it is a popular tourist attraction. Well, I mean, hopefully we clean up San Francisco so you guys can go back to the Ghirardelli Chocolate Factory or something. But you think about it, what President Trump is doing is very smart.
High profile, high publicity, imprisonment. Play cut 194. Where did you get the idea for reopening Alcatraz? Just an idea I've had. And I guess because the judges, so many of these radicalized judges, they want to have trials for every single, think of it, every single person that's in our country illegally, they came in illegally. That would mean millions of trials. And it's just so ridiculous what's happening.
And it's long been a symbol, Alcatraz, of whatever it is. I mean, it's a sad symbol, but it's a symbol of law and order. And, you know, it's got quite a history, frankly. So I think we're going to do that. And we're looking at it right now. Where did you get the idea for reopening Alcatraz? Here's where President Trump is right. It is a symbol.
Now, reopening, it will cost millions of dollars, so it will be an extra expenditure. I can make the argument, though, from a public relations standpoint, it shows that we're not going to put up with the looting and the crime. It's pure symbolism. Let's be honest, everybody. We got enough prisons. Well, actually, we need to build more prisons because we need more people in jail in this country, not less. But the TV images alone are going to be worth it. President Trump will be able to fly to Alcatraz at the reopening. Imagine President Trump will be able to give a hallmark speech.
In front of Alcatraz at the reopening and say that this once house housed Al Capone, Machine Gun Kelly, Robert Stroud, which was known as the Birdman of Alcatraz. He says now it's reopened. And let me tell you who's going there now. This rapist, this child sex trafficker, this multimurderer, this school shooter, they're all being moved to Alcatraz. And as new ones are moved here, we will make those announcements.
Because America is no longer a country to be looted. It is no longer a Wendy's to be burned. It is no longer a convenience store to fleece. It's straight out of Bukele's playbook in El Salvador. And do it like Bukele's high security prisons. Bring the cameras in. He could lead a tour throughout the jail. He could say, here, you know, I wish we would have had a little bit more gold here and the finishing here is a little rough. It is pure symbolism and it's smart symbolism.
Here we have the Trendy Aragua wing. Over here we have the MS-13 wing. Over here we have Peter struck, struck, smirk. I'm kidding. It's not going to happen. And you combine all that together into a important symbol that Law & Order is back.
That, OK, it was closed. It was a tourist attraction. No, the symbol of being locked up and doing harm to our country is reopened because we're not going to put up with the crime against America anymore. Thanks so much for listening, everybody. Email us as always. Freedom at Charlie Kirk dot com. Thanks so much for listening and God bless. For more on many of these stories and news you can trust, go to Charlie Kirk dot com.