Donald Trump (8:50)

Many businesses are being helped.

Charlie Kirk (8:51)

Are you look at the tariff relief for small business.

Donald Trump (8:54)

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.

Charlie Kirk (9:02)

And instead the question should be, well, that small business even have 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. Hey, everybody, Charlie, Kirk here. What do you give the mom who gave you everything this Mother's Day? Give her the gift of a lifetime, her memories digitized forever with legacy Box. Legacy Box is the simplest and safest way to preserve aging home movies, photos and film. Just fill the box, set it in, and their team of experts does the rest. Your originals are always returned, plus new digital copies on the cloud, easy to stream and share. Over 1 million families have trusted Legacy Box. It's the perfect way to protect mom's wedding video, your baby tapes, and every milestone that made her mom. We love using Legacy box. We use it for football memories, for wedding pictures, and for pictures of grandparents. It puts it on the cloud and it stays there forever. Right now, get 60% off with legacy Box's best Mother Day sale ever. Buy today and send in when you're ready. Go to legacybox.com Kirk to claim this very special offer that's 60% off for a limited time. Go to legacybox.com kirk legacybox.com 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@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 2, 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 that 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 I usually were very calm and very even keeled, were losing their mind. And I asked them, I said, guys, do you really think that President Trump is going to intentionally crash 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 a 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, also often a roller coaster ride. And this is where it connects the dots. And it was, it goes back to Trump's economic plan, goes back to this whole thesis here. If you were willing to sell during the pannikin, the panniking, or as Trump says, the pannikin, 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. It 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, 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. 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. The world is waking up to the power of gold. National banks are scrambling to secure it. According to the World Gold Council, central banks added 1,000 tons of gold in 2024, the third straight year of net gold buying. They understand what many investors don't. Gold is real money. Unlike paper currency, gold's value doesn't disappear with inflation, reckless government spending or market crashes. Now, Noble Gold Investments makes it easy for you to claim your share. As our new administration works to reverse the economic chaos of the past. Market swings are inevitable. When uncertainty rises, you need something solid, something to keep you on the path to financial freedom. Gold can be that foundation. And right now, when you make a qualified investment, Noble Gold will send you a free 10th ounce of a cold coin. Visit noblegold investments.com that's noblegoldinvestments.com the world is turning to gold. Shouldn't you be looking into doing that, too? 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.

Rick Scott (18:28)

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 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.

Charlie Kirk (19:29)

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?

Rick Scott (19:44)

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, you know, 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 to the budget. And in the budget process, which we have to have done by September 30th, we'll be going through the discretionary part. So as I talk to Russ Votes, who runs Office of Management 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 six and a half billion dollar total spend discretionary, 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, it was President Trump, we'd been balance the budget. Right now we think we'll collect about five and a half trillion dollars. We'll see what he collects through the, through the tariff process, but we think that we'll collect at least five and a half trillion dollars. 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. Actually went back. All right. And stopped, you know, stopped 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.

Charlie Kirk (21:49)

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 know, 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.

Rick Scott (22:34)

Well, we ought to be doing. Charlie, is doing exactly what you do with, 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 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 thing 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? 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 what 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.

Charlie Kirk (23:31)

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, 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?

Rick Scott (24:30)

Okay, so I used to run the largest hospital company in the country. All right? There are so many ways to deliver health care 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, then why are we giving you free public housing, food stamps, health care, 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, 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, New York, they're guaranteed 50% match when their average income is way higher than some state like Mississippi or Alabama or things like that. So we should do, we should do it based on real income levels, right? Then we shouldn't. Then, then you would, the other thing you have to do is you have to fix a delivery system. Right? You shouldn't be, you shouldn't be over, 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 covered people here illegally. All right? And then so you got to have a work requirement. You don't have skin in the game. You've got to, we've got to make this a, a, a program that you have to work to get to get this. You don't have, 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, I Trump was president last year, I said, if you give us, if you give us, allow us to spend the money the way we want to spend the money, you have to give us as much money we, 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 only for the federal government.

Charlie Kirk (26:51)

So about a minute remaining here, Senator, and thank you for, 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.

Rick Scott (27:15)

Okay, Charlie. I'm hopeful. I'm hopeful. I, I'm responsible for the Wednesday lunch. I brought in an individual, Taryn 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, 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.

Charlie Kirk (27:45)

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 three trillion dollar 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.

Rick Scott (28:18)

Like every family, Charlie. Like every family does.

Charlie Kirk (28:21)

Absolutely. That's right. Exactly. Go to whyrefi.com that is whyrefi.com why refi does not care what your credit score is when the one year payment comes up with student loans. Boy, why refi can be there for you. Why refi can save you thousands of dollars by refinancing, even lowering your total cost. You can finally take control of your student loan situation with a plan that works for your monthly budget. Call 888yrefi34 or log on to yrefi.com that is yrefy.com may not be available in all 50 states. Go to yrefi.com that IS yrefy.com Do you have a co borrower? Yrefi can get them released from the loan. So go to yrefi.com Many clients aren't able to make the minimum monthly payments on their private student loans when they first contact Yrefi. So go to yrefi.com that is yrefy.com check it out. You can finally take control of your student loan situation with a plan that works for Your monthly budget. So go to it right now@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 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 most up lock up the most 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. 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, 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 placot 194.

Rick Scott (31:10)

Where did you get the idea for reopening Alcatraz?

Donald Trump (31:13)

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, that 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, 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.

Rick Scott (31:49)

Where did you get the idea for reopening Alcatraz?

Charlie Kirk (31:52)

Here's what 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 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 multi murderer, 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 can 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 Trende Aragua wing. Over here we have the MS.13 wing. Over here we have Peter Strzok stroke smirk. I'm kidding. It's not going to happen. And you combine all that together into a important symbol that law and order is back. That. Okay, 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, freedomarliekirk.com thanks so much for listening and God bless.

Rick Scott (33:47)

For more on many of these stories and news you can Trust, go to charliekirk.com.