Podcast Summary
A Secret Service story of protecting the President: The President's safety requires heightened security measures and quick decision-making, demonstrated through a personal story of Dan Bongino's experience with the Secret Service.
Dan Bongino shared a personal story from his time working with the Secret Service, during which he experienced the heightened security measures taken to ensure the safety of the President during travel. This included the lights being turned on at the last minute on the runway to prevent potential attacks, and the importance of discretion and quick decision-making in such situations. The story serves as a reminder of the dangers and complexities involved in discretionary government and the lengths to which officials go to protect the President. The incident also highlights the importance of being prepared and adaptable in high-pressure situations.
Left's push for court empowerment and globalism attacks Constitution and limited government: The left's efforts to expand court power and globalism undermine the Constitution and limited government, as seen in a recent Ninth Circuit Court ruling allowing illegal immigrants to sue for US privileges and replacing standing law with amnesty.
The left's push for empowering the court system and globalism is a disguised attack on the Constitution and limited government. The rule of law in the Constitution limits both citizens and government, but the left dislikes it because it restricts government bureaucrats. The Ninth Circuit Court, known for its discretionary rulings, recently issued a ruling on DACA that allows illegal immigrants to sue for privileges in the US and replaces standing US law with amnesty. This usurpation of power is a concerning development in the erosion of the rule of law.
Courts' expanding discretionary power and the threat to separation of powers: The Ninth Circuit's demand for access to executive branch communications during decision-making on policies and potential declarations of war poses a significant threat to the constitutional separation of powers, potentially leading to a bureaucratic tyranny enforced through the courts.
The discussion highlights the concerns surrounding the expanding discretionary power of the courts, specifically the Ninth Circuit, in a democratic system. The courts' demand for access to the executive branch's deliberative process and personal communications during decision-making on policies like DACA and potential declarations of war poses a significant threat to the constitutional separation of powers. This could potentially lead to a bureaucratic tyranny enforced through the courts, as seen in the International Criminal Court's request for an investigation into US military and CIA actions in Afghanistan. The left's efforts to stack the courts with left-leaning nominees further exacerbates this issue, potentially eroding the power of the presidency. This is a dangerous trend that undermines the balance of power in the government and the constitutional republic.
International Institutions Overreach and Threat to Domestic Legal Systems: The ICC's potential prosecution of US military and politicians raises concerns about international institutions overstepping boundaries and bypassing domestic legal systems, eroding accountability and the separation of powers.
There is a growing concern about the overreach of international institutions and their potential use to intimidate and bypass domestic legal systems, specifically in relation to political opponents. This was discussed in the context of the International Criminal Court (ICC) and its potential to prosecute US military personnel and politicians. The speakers also touched upon the idea that globalism and the erosion of local control are part of a larger leftist agenda to wipe out accountability. The deliberative process of the presidency being subjected to scrutiny through the courts was also highlighted as a threat to the separation of powers and constitutional limits. The speakers urged for the defense of these principles, even if it means protecting the opposition. Additionally, they promoted Eye Target as a valuable Christmas gift for shooters and those interested in self-defense.
Practicing marksmanship at home with laser bullet systems: Laser bullet systems enable shooters to practice marksmanship skills at home, saving time and money, while the Obama administration's economic team acknowledged that lower corporate tax rates encourage investment and productivity
Improving marksmanship is crucial for shooting accuracy, but going to the range frequently can be costly and time-consuming. A solution is practicing dry fire with a laser bullet system like iTargetPro.com, which allows shooters to see their groupings and improve skills at home. Meanwhile, the Obama administration's stance on corporate tax cuts, as expressed in a 2015 Wall Street Journal article, contradicts their current criticism of the Trump tax plan. The article explains that higher effective marginal rates discourage businesses from engaging in new projects and limit investment, while lower rates encourage additional projects and larger capital stocks, leading to increased productivity, wages, and output. Ironically, this was written by Obama's economic team.
Fear of contrast and competition among far left economists: Far left economists criticize past policies, fearing competition and contrast, rooted in desire to maintain control and prevent opposing viewpoints.
Members of President Obama's economic team, such as Jason Furman and Larry Summers, have been criticizing economic policies they previously supported. This hypocrisy stems from the far left's fear of competition and contrast, as demonstrated by their disdain for lower corporate tax rates and dissenting opinions. The most damaging time for the left in modern American history was during the Carter Reagan years, where the contrast between the far leftist Carter administration and the conservative Reagan presidency led to significant economic growth. The left's fear of contrast and competition is rooted in their desire to maintain control and prevent the spread of opposing viewpoints.
Fear of losing political power due to economic improvement: Political figures and groups fear economic improvement under the current administration may expose inadequacies of previous policies, potentially leading to a shift in public opinion, and losing competitive advantages if U.S. enacts tax cuts.
People's perspectives and opinions are shaped by their experiences and the contrast between different situations. The fear among some political figures and groups is that if economic conditions significantly improve under the current administration, it may expose the inadequacies of previous policies and ideologies, potentially leading to a shift in public opinion. This fear is rooted in the belief that people dislike contrast and prefer the status quo. Additionally, there's a sense of urgency from some countries and entities, like Ireland, that they may lose competitive advantages if the U.S. enacts tax cuts that attract businesses back. Ultimately, the speaker emphasizes the importance of allowing diverse political viewpoints and policies to coexist, as each may offer unique benefits and lessons.
Differences in Beliefs: Liberty vs. Authoritarianism: Those advocating for individual liberty and the right to dissent believe in enforcing ideas through voting, while those supporting authoritarian approaches seek to suppress dissent and force acceptance through global institutions. The former approach may lead to financial crises, but evidence and arguments are essential for understanding.
There is a fundamental difference in beliefs between those who advocate for individual liberty and the right to dissent, and those who support a more authoritarian approach to governance. The former believes in the importance of enforcing ideas through voting and accepting the consequences of one's choices, while the latter seeks to suppress dissent and force acceptance of certain policies through global institutions. This was a theme touched upon during the discussion, with a particular focus on the contrasting approaches to governance seen in various states and cities, such as Puerto Rico, Chicago, and Connecticut. These entities, which have embraced big government policies, are now facing financial crises and are struggling to find ways to continue funding their operations. Evidence and contrasting arguments are often ignored by those advocating for these policies, making it essential to understand the underlying reasons behind their actions. Additionally, the discussion featured a promotion for Brickhouse Nutrition's time-release energy product, Onto Dusk, which has received positive feedback from users looking for sustained energy throughout their day.
Governments turn to risky securitized bonds for borrowing: Governments issuing risky securitized bonds backed by future tax revenues, but uncertainty in tax revenue projections raises concerns for investors
Some state and local governments, facing financial instability and massive debt, have turned to issuing general obligation bonds as a way to borrow more money. However, these governments often lack the funds to pay back these bonds, leading to higher interest rates for investors. In response, some governments are now considering securitized bonds backed by future tax revenues. But the reliability of these tax revenue estimates has come into question, as Connecticut's own tax revenue projections were off by over $500 million last year. This uncertainty surrounding the ability to pay back these bonds makes them a risky investment for those looking for a guaranteed return.
Questioning the sustainability of governments with unsustainable debts: Consider the risks of investing in governments with unsustainable debts, as seen in Connecticut and Venezuela, and be aware of the potential consequences of socialist policies.
The speaker is challenging listeners, particularly those with liberal leanings, to question the fiscal sustainability of governments that cannot pay back their debts and instead rely on borrowing and future tax revenues to cover their obligations. He uses the example of Connecticut's budget crisis and argues that those who invest in such governments' bonds are taking a significant risk. The speaker also touches upon the topic of socialism and the potential consequences of implementing it, using Venezuela as an example. He concludes by sharing a recent development in New Jersey, where even a Democratic state senate president is reconsidering a millionaire's tax due to financial concerns. Overall, the speaker encourages listeners to be aware of the financial realities and potential risks associated with governments' fiscal mismanagement.
Democrats' Contradiction on Wealth Taxes: Democrats advocate for wealth taxes but hesitate when it affects the wealthy, contradicting their economic arguments.
There is a contradiction between Democrats' statements that higher taxes on the wealthy are beneficial for the economy and their reluctance to implement these taxes when it means the wealthy will actually feel the impact. The speaker questions why Democrats argue that turning over money to the government is a good thing, but only if it doesn't directly affect the wealthy. This inconsistency was highlighted in the discussion of New Jersey's proposed millionaire's tax and the reversal of similar policies in Maryland and Connecticut. The speaker also mentioned the broader context of economic struggles in states with liberal policies and the potential for socialist countries.
Dan Bongino Frustrated with Economic Idiots: Dan Bongino expressed frustration towards individuals with opposing economic views, encouraging listeners to read articles debunking their flawed perspectives and subscribe to his email list.
During the Dan Bongino Show, the host expressed frustration with individuals who hold opposing economic views, referring to them as "economic idiots." He emphasized that these individuals seem immune to facts and data, and despite possibly being nice in real life, they hold flawed economic perspectives. Bongino encouraged listeners to visit bajino.com, subscribe to his email list, and read articles that demonstrate the left's package rhetoric when people have to pay for it. He apologized for his hostile tone but expressed his genuine frustration with the situation. Listeners can find Dan Bongino's podcasts on iTunes, SoundCloud, and follow him on Twitter 24/7 at DBongino.
