December 3, 2025 • 31 mins
1. Trump Accounts Initiative
- Announcement: President Trump introduces “Trump Accounts,” a savings and investment program for children.
- Historic Donation: Michael and Susan Dell pledge $6.25 billion, giving $250 each to 25 million U.S. children.
- Purpose: To encourage early investing, financial literacy, and wealth-building for future generations.
- Structure: Accounts will be private property, controlled by guardians, and track the stock market. Federal government will also contribute $1,000 per newborn.
- Impact: Framed as transformative for middle- and lower-income families, potentially changing the country’s financial culture in one generation.
2. Tariff Revenue and Tax Reform
- Trump claims tariff revenues will become so substantial that income tax could be abolished or drastically reduced.
- Plans include:
- Sending $2,000 checks to most Americans before the 2026 midterms.
- Using tariffs to fund government operations instead of income tax.
- Political Pushback: Some Republicans argue funds should reduce national debt rather than fund stimulus checks.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
President Donald Trump announcing a six point two five billion
dollar donation from Michael and Susan Dell to fund what
are now being referred to as the Trump Accounts. Now,
Michael and Susan Dell on Tuesday, on Giving Tuesday said
that they would make this donation to these Trump accounts,
(00:23):
giving two hundred and fifty dollars a piece to twenty
five million US children. Now, what is this all about. Well,
Senator Cruz came up with this idea to have savings
accounts basically retirement accounts investment accounts for children in America.
(00:45):
President Trump loved the idea and turn it into what
he describes as the Trump Accounts. This is not a
security type account. This is actual money that would be
put in the name of newborn children and young Americans
and then would allow them to invest and to grow
these accounts over time, something that many Americans feel intimidated by.
(01:09):
Statistics show that far too many Americans believe that you
can invest until you have a significant amount of money,
so many of them do not invest. There's also people
that worry about not having enough money and people making
fun of them or feeling inadequate when they would go
in to set up an investment account. This is to
take away all of that fear and to empower a
(01:31):
new generation to understand that investing is important and you
can watch your money grow over time so that you
can retire with confidence one day and understand that maybe
instead of buying something, you can invest and then watch
that compound interest do its thing. It truly could transform
this country in one generation. And the President of the
(01:54):
United States of America at the White House with a
speaker of the House center Cruise and many others around it,
including Michael and Susan Dell, you know them from Dell Computers,
talking about this massive donation to give a major jumpstart
to more than twenty five million US children. Now, before
I play this for you, I want to tell you
(02:15):
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(04:03):
difference with every call you make. So let me play
for you. The President in the of Office talking about
what a major day this is for this country and
for the kids.
Speaker 2 (04:15):
Today is Giving Tuesday.
Speaker 3 (04:17):
I don't know if anybody's heard that one before, but
it is indeed Giving Tuesday, one of the biggest days
of the year for philanthropy and charitable giving. And this afternoon,
Michael and Susan Dell are committing to one of the
largest private donations in American history, which will directly benefit
the next generation of American children through the new Trump
(04:39):
Accounts program that we created in.
Speaker 2 (04:42):
Our One Big Beautiful Bill.
Speaker 3 (04:45):
Michael and Susan came to see me along with Brad
and they said, you know, this is an idea, and
I said, I think you know it sounds it's just
so good and so unique.
Speaker 2 (04:57):
But that's why he's been so successful.
Speaker 3 (05:00):
They've been so successful in life and in business because
they're unique. Trump Accounts will be the first, I guess
you could say, real trust funds for every American child,
allowing family members, employers corporations, generous donors to contribute money
that will be invested and grow over the course of
(05:20):
a child's life, to be used for their benefit after
they turn eighteen. So in otherwise, these are children that
are an investment's going to be made. That investment's going
to continue to grow. We hope, we hope, but it
will and they'll be they'll feel like they'll feel like
(05:40):
Michael Dell someday. But at eighteen they'll have a lot
of money, a lot more money than they would have had,
a potentially a lot of money. But these accounts will
track the overall stock market, will be one hundred percent
private property controlled by the child's guardians. In honor of
America's two hundred and fiftieth anniversary, the Dell are announcing
(06:00):
today that they are giving twenty five million American children
two hundred and fifty dollars each to save and to
invest in their personal Trump account. Now that's the equivalent
of six point two five billion. In other words, to
put it succinctly, Michael and sus are giving six billion,
(06:24):
two hundred and fifty million dollars in total, and as
a total contribution, that's big stuff.
Speaker 2 (06:32):
I don't care who you are, that's become I give
me a hand.
Speaker 3 (06:37):
And let me have a little of that luck of
rug belt.
Speaker 2 (06:42):
That's fantastics.
Speaker 3 (06:43):
And these gifts will be available to the first twenty
five million children aged ten and under the sign the
zip codes where their median income is one hundred.
Speaker 2 (06:53):
And fifty thousand dollars or less.
Speaker 3 (06:56):
So they're giving them to children that won't be born
particularly rich, and they're going to be hopefully very rich someday.
This will give millions of dollars, millions of children, middle
class families, a stake in American prosperity, a benefit from
the rising stock market, and a better shot at the
(07:16):
American dream.
Speaker 2 (07:17):
It really gives them a shot at the American dream.
Speaker 3 (07:21):
Michael and Susan, I want to thank you for this
extraordinary act of kindness and patriotism and charity. This is
truly one of the most generous acts in the history
of our country.
Speaker 2 (07:30):
I mean, you just don't you don't hear about things
like that, And we got to let people know.
Speaker 3 (07:35):
He doesn't want and she doesn't care about that, but
I do. I think when somebody does that, you got
to let them know about it. As I mentioned this
gift is being made possible by the largest tax cuts
in American history, which are Republican majorities passed earlier this year.
Speaker 2 (07:52):
And the Speaker worked so hard, and.
Speaker 3 (07:54):
John Thune and Jason and all of them, every one
of them ted ted cruises with us.
Speaker 2 (07:59):
He worked so hard getting that done.
Speaker 4 (08:02):
That was the.
Speaker 3 (08:02):
Biggest, most consequential bill they say, ever passed. And you know,
if they remember, Michael, we were they thought we had
to put that in twelve to fourteen bills. I said,
I don't know if we can hold it that long
with the Democrats, and we said, let's try doing it once.
So we did, and people were surprised, but we got
it done. So I congratulate you guys, amazing job. Under
(08:25):
that bill, the federal government will also automatically be making
a one time seat contribution of one thousand dollars into
the tax to Trump accounts for every newborn US citizen,
fulfilling a promise I made in the twenty twenty four campaign.
Trump account should grow to be worth many thousands of
dollars by the time the child is eighteen, and even
(08:47):
more by the time they are twenty or even.
Speaker 2 (08:50):
Thirty years old.
Speaker 3 (08:51):
We think it's going to be something really unique and
really special. We hope many others will follow Michael and
Susan's example and make their own contributions. I'll be doing
it too, to the next generation, including businesses, churches, philanthropists,
family members, and parents themselves. I think we're going to
have a lot of people, Susan, I think a lot
(09:12):
of people are going to be contribute.
Speaker 2 (09:14):
A lot of people are watching us right now.
Speaker 3 (09:16):
They might not be six billion dollars plus, but.
Speaker 2 (09:20):
There'll be a lot. There aren't too many people.
Speaker 3 (09:22):
That are in the six billion range, but there'll be
a lot. A lot of friends of mine have already
told me they're going to contribute a lot of money,
and a lot of them are going to leave a
lot of money in their wills. So that's very important,
and as you watch us today, I hope you'll be
doing that. Contributions to Trump accounts will also be a
great benefit for employers to offer their workers, which they'll
(09:43):
be able to do tax free.
Speaker 2 (09:45):
It's tax free.
Speaker 3 (09:46):
We expect hundreds of major companies to announce plans to
contribute to these accounts in the coming months, and we've
had tremendous interest in that regard so the Trump accounts
will be available starting on July.
Speaker 2 (09:58):
Fourth next year. Michael and Susan to you again.
Speaker 3 (10:03):
It's an amazing act of just incredible everything. I mean,
the life you've led to be able to do this,
even to be able to even a lot of people
have a good heart, but they can't give six billion,
two hundred and fifty million dollars.
Speaker 2 (10:18):
And Michael, probably knowing you, it's not the last of
it either.
Speaker 3 (10:21):
It's not the last, but on behalf of the United
States of America. I want to thank you both, and
I want to thank all three, but I want to
thank you both because you've been friends of mine and.
Speaker 2 (10:32):
It's a spectacular couple. This is really an amazing an
amazing people.
Speaker 1 (10:38):
You listen the present there. This is going to be
transformative and have such a major impact for so many
young people. This is also probably going to impact more
quote Democrats than Republicans, as these accounts will be going
to many people that would not have opened these accounts
in lower incoming poverty areas. Many of them are Democratic voters.
(11:03):
I love the fact that President's saying, we've got to
lift everybody up, but this is a way to do
it without the government running a disaster program that gets
terrible returns, like Social Security. This is something you own,
that you're in charge of and that you can learn from.
This could change an entire country in one generation. I
(11:25):
want to move to tariffs real quick in the President
of United States of America also now talking about he
believes that income tax in the United States of America
will be abolished for most earners. Now, how is this
even a possibility. Well, it goes back to how much
money we're collecting from tariffs, and the President says it's
(11:48):
time to reward the American people. Donald Trump is now
saying that tariff revenues will skyrocket as inventory stockpiles are
getting depleted. The President saying the tariff revenue is going
to be massive, arguing that retailers that previously stockpiled inventory
to avoid the levees are running low on supplies and
(12:11):
will have to bring in new goods under the tariff
regime soon. Trump's comments on true social came as he
has been pushing hard to make life in the US
more affordable, recently cutting levees on over twitter products and
promising to send tariff dividend checks to most Americans as well.
(12:33):
Now the full benefit of the tariffs has not yet
been calculated, and that many of the buyers of goods
and products, in order to avoid paying the tariffs in
the short term, stocked up by purchasing far more inventory
than they can use. The president wrote that heavy inventory
purchases now, however, wearing thin, and soon tariffs will be
(12:53):
paid on everything they apply to without avoidance, and the
amount payable to the US well skyrocket. We are alrighty
the hottest country anywhere in the world. But this tariff
power will bring America national security and wealth the likes
of which has never been seen before. Trump added that
(13:16):
he is hoping for a speedy decision from the Supreme Court,
which is weighing the present's use of emergency powers to
enact sweeping tariffs on foreign nations. The president also has
been touting his affordability agenda in the wake of the
democratic wins across the country earlier this month, including New
York City with a socialist mayor there Mundani, and as
(13:39):
consumers are grappling with inflation that has come down since
Trump got into office. Trump is also vowed to send
two thousand dollars checks to Americans, not including high income
people quote unquote sometime before the twenty twenty six midterms
using revenue from the tariffs to give it back to
(14:00):
the American people. Some Republican lawmakers have pushed back on
that idea. Why because they want to just spend your
money instead of giving it back to you. And this
is the other part of the equation. The President says
that the tariffs are going to be so good that
now he believes we can actually get rid of the
income tax if we want to. Here's the President talking
(14:23):
about that.
Speaker 3 (14:24):
Over the next two, three, four years, those numbers are
going to go up, and I believe that at some
point in the not too distant future, you won't even
have income tax to pay it because the money would
take it in is so great. It's so enormous that
you're not going to have income tax to pay whether
you get rid of it or just keep it around
for fun, or have it really low, much lower than
(14:45):
it is now now.
Speaker 1 (14:47):
The President of the United States America obviously pointing out
there could be some fighting over this, but the money
will be flowing in. How the money is divvied up.
As part of the equation, Conservative politicians like Senator Tom
ti Republican from North Carolina question quote why tariff revenue
would be used for stimulus payments instead of paying down
the debt, which now exceeds thirty eight trillion dollars. In fact,
(15:13):
ninety state officials send a letter to Trump and members
of Congress last week urging the White House to approve
a plan by next July to balance the budget. That
putting real pressure on the White House. Treasury Secretary of
Scott Messent recently cautioned that the White House would need
Congressional approval to send out tariff dividend checks. He's also
(15:36):
said the dividends could take a variety of forms, including
tax cuts, and that any payouts would target working families.
There is a lot, obviously to figure out here, but
what we do know is that tariffs are working, and
the amount of money that is coming into the United
States of America is staggering, something Democrats said wouldn't happen.
(16:01):
We also know that it has not stagnated our economy.
That was a prediction by the media and by the left.
They said that there were going to be empty shelves.
Another lie that it was told, and one that we
now know is not even close to being reality. Now,
you combine all of this and put it together with
(16:24):
what the President has said, and that is, I want
to lower costs for all Americans. Number one, I'm going
to have these accounts for your children so that they
can grow wealth. Number two, and number three, I want
to give you back your money that the government is
clearly overspending. You add all this together, and what we're
(16:46):
witnessing is a true change in the fiscal responsibility in
our nation. We also know the president is going to
spend less money, and that is something we haven't seen
in decades. And let me also be there is far
too much spending going on in this country right now,
(17:06):
and there's far too much by the Republicans that are
doing pork barrel spending. Everybody needs to understand this isn't
just a Democrat problem. This is actually a Republican problem
as well. What the President's advocating for is a massive
step in the right direction for fiscal responsibility, and it's
(17:27):
something that many Americans should get on board with. We
also know that states have to balance their budget, why
shouldn't the federal government? And the idea that we don't
have enough money coming in is also absurd. We have
record tax dollars that are being received by our federal government.
Now that's our money that we are giving to the government,
(17:48):
and they are abusing those tax dollars like you can't
even imagine. So I hope that what we witness now
is a major shift, a major change. The one thing
that makes me excited is at least we have a
president that's talking about your money like it is your money.
For far too long, politicians Republicans as well, talk about
(18:13):
tax dollars like it is their money. It is not
their money, it is our money that they take from us.
Most Americans work three months a year to pay their
tax liability. Imagine if we lowered that to just a
month a month and a half. And imagine if the
government stopped wasting our money. Imagine if we ended up
(18:36):
getting the money from things like tariffs. And then you
have other Americans that understand the power of money. Michael
Dell talking about giving twenty five million American children the
investment accounts, I want you to listen to what he
said about why this could be a transformative moment for
our country.
Speaker 5 (18:54):
Susan and I are super excited to announce our six
point two five billion dollar gift to twenty five million
American children ten and under, and our gift will cover
most of the children that are ten and under that
are not part of the federal program, the zero to
two year olds, and who also live in zip codes
(19:17):
where the immedian income is one hundred and fifty thousand
dollars or less. And I have spoken with the number
of other wealthy Americans philanthropists, and we are confident that
others will join us because we all understand the incredible
impact that a gift like this can have on the
(19:40):
lives of young Americans.
Speaker 1 (19:43):
The impact on young Americans is the best part of
that conversation. If you want to know what the long
term effects of the Trump administration are going to be,
it is going to be these types of conversations that
change the mentality that the government is not your pairents,
that the government is the problem, not the solution, That
(20:04):
the government should get out of your way and allow
you to keep more of your hard earned dollars. This
is what I love to hear, and hopefully in one
generation we can change this mentality indefinitely. President Donald Trump
had a cabinet meeting and it's an important one because
(20:26):
it shows just how transparent the president of the United
States of America is. The timing is also very important
after Democrats are saying they smell blood in the water
politically right now as they defend the narco terrorists who
are sending drugs into the United States of America that
are killing Americans at a record rate of almost three
(20:49):
hundred a day. Mark Kelly and many other Democrats are
now leading the attack on the Secretary of War Pete
Headgseth over the drug boats. And the same people that
are now saying the President doesn't have the right to
strike these boats or the terrorists on the boats are
the same people that literally did nothing after Biden drone
(21:12):
attacked children. No, they did not say that was a
war crime. They did not call for the President to
be locked up or the man in charge at the Pentagon. Instead,
they look the other way. This time, the President has
made it clear we're going after these terrorists in these
terrorist organizations who were killing Americans. And the President also
(21:35):
showed during the cabinet meeting that he has no problem
answering the question as the Secretary of War was sitting
literally right next to him. I want to play for
you this back and forth with the media, and I
want you to actually hear what the President had to say,
not just a sound bite that the media is putting out,
but the President in his own words. And I want
(21:56):
you to hear what he had to say about the
fog of war, or the second strike on the drug
boat survivors as the media has described it, and why
he is going after them. I'll say it again, this
is an unedited version and it includes the Secretary of
Defense sitting right next to the President. So listen to
(22:18):
the President explain exactly why he's doing this and why
I believe so many Americans are standing behind him.
Speaker 4 (22:24):
Good President, thank you so much for taking questions with
your assembled cabinet. I wanted to clarify something that you
had said on Sunday regarding the boat strikes near Venezuela,
and you had said that you didn't know if the
second strike on that one boat had happened, but you
wouldn't have wanted it. Now that your administration has acknowledged
that it happened, do you support that second strike? And
mister Secretary, I want to clarify something you had said
(22:46):
in an interview back in September. I believe on Fox
News you said that you had watched that strike live
on television in real time. Did you know that there
were survivors after the initial strike?
Speaker 3 (22:58):
Well, look, all I know is this every boat that
you see get blown up. We saved twenty five thousand,
on average lives, twenty five thousand lives. They've been sending
enough of this horrible fentanyl and other things like cocaine
and other things.
Speaker 6 (23:14):
But Fedomovel right now is the leader of the pack
to kill our entire nation.
Speaker 3 (23:21):
Because a little speck on the head of a pin
could kill somebody is very dangerous stuff. I know so
many people with their sons where drug addicts. They had
one little sample and they died.
Speaker 2 (23:31):
They died.
Speaker 3 (23:32):
They couldn't believe it. As far as the attack is concerned,
I didn't, you know. I still haven't gotten a lot
of information because every lion pete.
Speaker 6 (23:42):
But to me, it was an attack.
Speaker 3 (23:43):
It wasn't one strike, two strikes, three strikes. Somebody asked
me a question about the second strike.
Speaker 6 (23:48):
I didn't know about the second strike. I didn't know
anything about people. I wasn't involved.
Speaker 3 (23:52):
I knew they took out a boat, but I would
say this, they had a strike. I hear the gentlemen
that in charge of that is extraordinaries, extraordinary personal that
Pete speak about them. But Pete was satisfied. Pete didn't
know about a second attack having to do with two people,
and I guess Pete would have to speak to it.
(24:15):
I can say this, I want those boats taken out
and if we have to, will attack on land also
just like we attack on sea, and they're very little
coming in by sea. I think we've knocked out over
ninety percent of it. There's very little good. I understand
that there's very little. We're saving hundreds of thousands of
lives with those pinpoint attacks. It's an amazing thing when
(24:36):
you see a boat going along and you know a
lot of the press would like to say they're not.
You see the boat, they're not maybe drugs. You see
these boats first of all, who has five engines on
the back of about going in weird directions and loaded
up with lots of white contactors. They're volved their bags things.
(24:57):
Now they've done an amazing job, and Peter's done it amazing. Joe,
you could probably veer answer the question.
Speaker 7 (25:03):
Another spot on Sir I think you got to start
with the baseline which Marco laid out.
Speaker 6 (25:07):
Was laid out.
Speaker 7 (25:08):
We've got twenty million people invading our country over four years.
Speaker 6 (25:11):
We don't know where they're coming from.
Speaker 7 (25:13):
That includes Trenda arragua and cartels and violent criminals. They
bring drugs, and you mentioned it, mister president, poisoning and
intentional poisoning of the American people, killing hundreds of thousands
of Americans.
Speaker 6 (25:25):
So the President had the courage to designate.
Speaker 7 (25:27):
These cartels as designated terrorist organizations.
Speaker 6 (25:31):
A number of us here served.
Speaker 7 (25:32):
In the military and spent twenty years fighting terrorists like
al Qaeda and ISIS on the other side of the world.
Speaker 6 (25:38):
How do you treat al Qaeda and Isis.
Speaker 7 (25:40):
Do you arrest them and treat them, pat them on
the head and say don't do that again. Or do
you end the problem directly by taking a lethal kinetic approach.
And that's the way President Trump has authorized the War
Department to look at these cartels.
Speaker 6 (25:54):
And I wish everybody could be in the room watching.
Speaker 7 (25:56):
Our professionals, our professionals like Mitch Bradley, Admiral Mitch Bradley
and others at Jaysack and so Calm and other commanders,
the deliberative process, the detail, the rigorous, the intel, the legal,
the evidence based way that we're able to with sources
and methods that we.
Speaker 6 (26:12):
Can't reveal here. Make sure that every one of those.
Speaker 7 (26:15):
Drug boats is tied to a designated terrorist organization.
Speaker 6 (26:18):
We know who's on it, what they're doing, what they're carrying.
Speaker 7 (26:20):
All these white bails are not Christmas gifts from Santa.
This is drugs running on for motor fastboats or submarines
that we've also struck. No one's fishing on a submarine,
and I have empowered them to make that call. Now
the first couple of strikes, as you would, as any
leader would want, you want to own that responsibility. So
(26:40):
I said, I'm going to be the one to make
the call after getting all the information and make sure
it's the right strike.
Speaker 6 (26:45):
That was September second.
Speaker 7 (26:47):
There's a lot of intelligence that goes into that building
that case and understanding that, a lot of people providing information.
I watched that first strike life, as you can imagine,
at the Department of War, we've got a lot.
Speaker 6 (26:57):
Of things to do.
Speaker 7 (26:58):
So I didn't stick around for the hour and two
hours whatever where all the sensitive side exploitation digitally occurs,
So I moved on to my next meeting. A couple
of hours later, I learned that that commander had made
the which he had the complete.
Speaker 6 (27:11):
Authority to do.
Speaker 7 (27:12):
And by the way, Edwinal Bradley made the correct decision
to ultimately sink the boat and eliminate the threat.
Speaker 6 (27:18):
He sunk the boat, sunk the boat and eliminated the threat,
and he was the right call.
Speaker 7 (27:25):
We have his back and the American people are safer
because narco terrorists. No, you can't bring drugs through the
water and eventually on land if necessary, I have to
do to the American people.
Speaker 6 (27:37):
We will eliminate that threat, and we're proud to do it.
Speaker 4 (27:40):
So you didn't see any survivors, to be clear, after
that first.
Speaker 7 (27:43):
Ring, personally, I did not personally see survivors, but I
stand because the thing was on fire. I was exploded
in fire smoke. You can't see anything you got digital.
This is called the fog of war.
Speaker 6 (27:54):
This is what you and the press don't understand. You
sit in your conditioned offices or up on cap Hill
and you nit pick and.
Speaker 8 (28:01):
You plant fake stories in the Washington Post about kill
everybody phrases on anonymous sources, not based in anything, not
based in any truth at all, and then you want
to throw up really irresponsible terms about American heroes, about the.
Speaker 6 (28:15):
Judgment that they made.
Speaker 7 (28:17):
I wrote a whole book on this topic because of
what politicians and the press does to warfighters. President Trump
has empowered commanders, commanders to do what is necessary, which
is dark and difficult things in the dead of night
on behalf of the American people. We support them and
will stop the poisoning of the American people.
Speaker 1 (28:34):
So as you can hear there the President of United
States of America making it very clear why we are
going after these terrorists and what success looks like. There's
also one other warning. Democrats are now playing with the
idea that they may come back when they gain power
and start arresting our men and women in uniform and
(28:57):
even the man in charge of the Department of War,
Pete Headseth, for what they are now describing as war crimes.
This is psychological warfare. This is a shocking precedent by
a party that we now know is unhinged. Now we
know what they try to do to President Trump. We
know they tried to lock him up they try to
(29:18):
overthrow the will of the people, They try to impeach
him on documents a new or a lie, the Stile
dossier that were user generated and paid for by Hillary
Clinton's campaign and the Democrat National Committee. We know they're
willing to use the government to intimidate, to try to
lock you and family members up if they don't like you.
But what they're now saying is they're willing to go
(29:40):
a step further. Before it was Donald Trump and his
closest allies. Now they're saying it could be any man
or woman in uniform that is carrying out a strike
against these narco terrorists. And what the Democratic Party is
now clearly trying to do is to put major doubt
in the minds of our men and women that fight
(30:01):
these terrorists. This is psychological warfare, and I am going
to make a prediction there's a very good chance you're
going to hear even more about this in the days
and weeks ahead. They are going to want the men
and women in uniform to fear them. They want you
to believe that they will come after you, that they
will lock you up, that they will bankrupt you, that
(30:24):
they will arrest you, and that your life after serving
your country will be spent in a prison cell. This
is the most shocking part of this entire story. Is
there an actual controversy here? No. I will remind you
there were drone strikes that killed children under the Biden administration.
(30:46):
Democrats didn't bat an eye this time. Republicans are killing
narco terrists who are running drugs that are killing Americans.
And what are the Democrats doing. They're threatening wark crimes
against men and women for serving the president of the
United States of America with lawful orders. So that's where
(31:08):
we are today. This is the Democratic Party, and we
must make sure that our men and women in a
uniform are allowed to do their jobs and not worried
about going to jail because of a psychotic Democratic Party.
Don't forget to share this podcast, by the way, with
your family and your friends on social media wherever you
can hit that subscribe or auto download button and I'll
(31:30):
talk to you again tomorrow.
President Donald Trump announcing a six point two five billion
dollar donation from Michael and Susan Dell to fund what
are now being referred to as the Trump Accounts. Now,
Michael and Susan Dell on Tuesday, on Giving Tuesday said
that they would make this donation to these Trump accounts,
(00:23):
giving two hundred and fifty dollars a piece to twenty
five million US children. Now, what is this all about. Well,
Senator Cruz came up with this idea to have savings
accounts basically retirement accounts investment accounts for children in America.
(00:45):
President Trump loved the idea and turn it into what
he describes as the Trump Accounts. This is not a
security type account. This is actual money that would be
put in the name of newborn children and young Americans
and then would allow them to invest and to grow
these accounts over time, something that many Americans feel intimidated by.
(01:09):
Statistics show that far too many Americans believe that you
can invest until you have a significant amount of money,
so many of them do not invest. There's also people
that worry about not having enough money and people making
fun of them or feeling inadequate when they would go
in to set up an investment account. This is to
take away all of that fear and to empower a
(01:31):
new generation to understand that investing is important and you
can watch your money grow over time so that you
can retire with confidence one day and understand that maybe
instead of buying something, you can invest and then watch
that compound interest do its thing. It truly could transform
this country in one generation. And the President of the
(01:54):
United States of America at the White House with a
speaker of the House center Cruise and many others around it,
including Michael and Susan Dell, you know them from Dell Computers,
talking about this massive donation to give a major jumpstart
to more than twenty five million US children. Now, before
I play this for you, I want to tell you
(02:15):
real quick about my good friends at Patriot Mobile. Every
so often, something happens that reminds us just how fragile
our freedoms are. We can't afford to take our rights
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and our friends at Patriot Mobile have been doing just
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magic happens. Every month, about five percent of your bill
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to you that stand up for our First and our
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(04:03):
difference with every call you make. So let me play
for you. The President in the of Office talking about
what a major day this is for this country and
for the kids.
Speaker 2 (04:15):
Today is Giving Tuesday.
Speaker 3 (04:17):
I don't know if anybody's heard that one before, but
it is indeed Giving Tuesday, one of the biggest days
of the year for philanthropy and charitable giving. And this afternoon,
Michael and Susan Dell are committing to one of the
largest private donations in American history, which will directly benefit
the next generation of American children through the new Trump
(04:39):
Accounts program that we created in.
Speaker 2 (04:42):
Our One Big Beautiful Bill.
Speaker 3 (04:45):
Michael and Susan came to see me along with Brad
and they said, you know, this is an idea, and
I said, I think you know it sounds it's just
so good and so unique.
Speaker 2 (04:57):
But that's why he's been so successful.
Speaker 3 (05:00):
They've been so successful in life and in business because
they're unique. Trump Accounts will be the first, I guess
you could say, real trust funds for every American child,
allowing family members, employers corporations, generous donors to contribute money
that will be invested and grow over the course of
(05:20):
a child's life, to be used for their benefit after
they turn eighteen. So in otherwise, these are children that
are an investment's going to be made. That investment's going
to continue to grow. We hope, we hope, but it
will and they'll be they'll feel like they'll feel like
(05:40):
Michael Dell someday. But at eighteen they'll have a lot
of money, a lot more money than they would have had,
a potentially a lot of money. But these accounts will
track the overall stock market, will be one hundred percent
private property controlled by the child's guardians. In honor of
America's two hundred and fiftieth anniversary, the Dell are announcing
(06:00):
today that they are giving twenty five million American children
two hundred and fifty dollars each to save and to
invest in their personal Trump account. Now that's the equivalent
of six point two five billion. In other words, to
put it succinctly, Michael and sus are giving six billion,
(06:24):
two hundred and fifty million dollars in total, and as
a total contribution, that's big stuff.
Speaker 2 (06:32):
I don't care who you are, that's become I give
me a hand.
Speaker 3 (06:37):
And let me have a little of that luck of
rug belt.
Speaker 2 (06:42):
That's fantastics.
Speaker 3 (06:43):
And these gifts will be available to the first twenty
five million children aged ten and under the sign the
zip codes where their median income is one hundred.
Speaker 2 (06:53):
And fifty thousand dollars or less.
Speaker 3 (06:56):
So they're giving them to children that won't be born
particularly rich, and they're going to be hopefully very rich someday.
This will give millions of dollars, millions of children, middle
class families, a stake in American prosperity, a benefit from
the rising stock market, and a better shot at the
(07:16):
American dream.
Speaker 2 (07:17):
It really gives them a shot at the American dream.
Speaker 3 (07:21):
Michael and Susan, I want to thank you for this
extraordinary act of kindness and patriotism and charity. This is
truly one of the most generous acts in the history
of our country.
Speaker 2 (07:30):
I mean, you just don't you don't hear about things
like that, And we got to let people know.
Speaker 3 (07:35):
He doesn't want and she doesn't care about that, but
I do. I think when somebody does that, you got
to let them know about it. As I mentioned this
gift is being made possible by the largest tax cuts
in American history, which are Republican majorities passed earlier this year.
Speaker 2 (07:52):
And the Speaker worked so hard, and.
Speaker 3 (07:54):
John Thune and Jason and all of them, every one
of them ted ted cruises with us.
Speaker 2 (07:59):
He worked so hard getting that done.
Speaker 4 (08:02):
That was the.
Speaker 3 (08:02):
Biggest, most consequential bill they say, ever passed. And you know,
if they remember, Michael, we were they thought we had
to put that in twelve to fourteen bills. I said,
I don't know if we can hold it that long
with the Democrats, and we said, let's try doing it once.
So we did, and people were surprised, but we got
it done. So I congratulate you guys, amazing job. Under
(08:25):
that bill, the federal government will also automatically be making
a one time seat contribution of one thousand dollars into
the tax to Trump accounts for every newborn US citizen,
fulfilling a promise I made in the twenty twenty four campaign.
Trump account should grow to be worth many thousands of
dollars by the time the child is eighteen, and even
(08:47):
more by the time they are twenty or even.
Speaker 2 (08:50):
Thirty years old.
Speaker 3 (08:51):
We think it's going to be something really unique and
really special. We hope many others will follow Michael and
Susan's example and make their own contributions. I'll be doing
it too, to the next generation, including businesses, churches, philanthropists,
family members, and parents themselves. I think we're going to
have a lot of people, Susan, I think a lot
(09:12):
of people are going to be contribute.
Speaker 2 (09:14):
A lot of people are watching us right now.
Speaker 3 (09:16):
They might not be six billion dollars plus, but.
Speaker 2 (09:20):
There'll be a lot. There aren't too many people.
Speaker 3 (09:22):
That are in the six billion range, but there'll be
a lot. A lot of friends of mine have already
told me they're going to contribute a lot of money,
and a lot of them are going to leave a
lot of money in their wills. So that's very important,
and as you watch us today, I hope you'll be
doing that. Contributions to Trump accounts will also be a
great benefit for employers to offer their workers, which they'll
(09:43):
be able to do tax free.
Speaker 2 (09:45):
It's tax free.
Speaker 3 (09:46):
We expect hundreds of major companies to announce plans to
contribute to these accounts in the coming months, and we've
had tremendous interest in that regard so the Trump accounts
will be available starting on July.
Speaker 2 (09:58):
Fourth next year. Michael and Susan to you again.
Speaker 3 (10:03):
It's an amazing act of just incredible everything. I mean,
the life you've led to be able to do this,
even to be able to even a lot of people
have a good heart, but they can't give six billion,
two hundred and fifty million dollars.
Speaker 2 (10:18):
And Michael, probably knowing you, it's not the last of
it either.
Speaker 3 (10:21):
It's not the last, but on behalf of the United
States of America. I want to thank you both, and
I want to thank all three, but I want to
thank you both because you've been friends of mine and.
Speaker 2 (10:32):
It's a spectacular couple. This is really an amazing an
amazing people.
Speaker 1 (10:38):
You listen the present there. This is going to be
transformative and have such a major impact for so many
young people. This is also probably going to impact more
quote Democrats than Republicans, as these accounts will be going
to many people that would not have opened these accounts
in lower incoming poverty areas. Many of them are Democratic voters.
(11:03):
I love the fact that President's saying, we've got to
lift everybody up, but this is a way to do
it without the government running a disaster program that gets
terrible returns, like Social Security. This is something you own,
that you're in charge of and that you can learn from.
This could change an entire country in one generation. I
(11:25):
want to move to tariffs real quick in the President
of United States of America also now talking about he
believes that income tax in the United States of America
will be abolished for most earners. Now, how is this
even a possibility. Well, it goes back to how much
money we're collecting from tariffs, and the President says it's
(11:48):
time to reward the American people. Donald Trump is now
saying that tariff revenues will skyrocket as inventory stockpiles are
getting depleted. The President saying the tariff revenue is going
to be massive, arguing that retailers that previously stockpiled inventory
to avoid the levees are running low on supplies and
(12:11):
will have to bring in new goods under the tariff
regime soon. Trump's comments on true social came as he
has been pushing hard to make life in the US
more affordable, recently cutting levees on over twitter products and
promising to send tariff dividend checks to most Americans as well.
(12:33):
Now the full benefit of the tariffs has not yet
been calculated, and that many of the buyers of goods
and products, in order to avoid paying the tariffs in
the short term, stocked up by purchasing far more inventory
than they can use. The president wrote that heavy inventory
purchases now, however, wearing thin, and soon tariffs will be
(12:53):
paid on everything they apply to without avoidance, and the
amount payable to the US well skyrocket. We are alrighty
the hottest country anywhere in the world. But this tariff
power will bring America national security and wealth the likes
of which has never been seen before. Trump added that
(13:16):
he is hoping for a speedy decision from the Supreme Court,
which is weighing the present's use of emergency powers to
enact sweeping tariffs on foreign nations. The president also has
been touting his affordability agenda in the wake of the
democratic wins across the country earlier this month, including New
York City with a socialist mayor there Mundani, and as
(13:39):
consumers are grappling with inflation that has come down since
Trump got into office. Trump is also vowed to send
two thousand dollars checks to Americans, not including high income
people quote unquote sometime before the twenty twenty six midterms
using revenue from the tariffs to give it back to
(14:00):
the American people. Some Republican lawmakers have pushed back on
that idea. Why because they want to just spend your
money instead of giving it back to you. And this
is the other part of the equation. The President says
that the tariffs are going to be so good that
now he believes we can actually get rid of the
income tax if we want to. Here's the President talking
(14:23):
about that.
Speaker 3 (14:24):
Over the next two, three, four years, those numbers are
going to go up, and I believe that at some
point in the not too distant future, you won't even
have income tax to pay it because the money would
take it in is so great. It's so enormous that
you're not going to have income tax to pay whether
you get rid of it or just keep it around
for fun, or have it really low, much lower than
(14:45):
it is now now.
Speaker 1 (14:47):
The President of the United States America obviously pointing out
there could be some fighting over this, but the money
will be flowing in. How the money is divvied up.
As part of the equation, Conservative politicians like Senator Tom
ti Republican from North Carolina question quote why tariff revenue
would be used for stimulus payments instead of paying down
the debt, which now exceeds thirty eight trillion dollars. In fact,
(15:13):
ninety state officials send a letter to Trump and members
of Congress last week urging the White House to approve
a plan by next July to balance the budget. That
putting real pressure on the White House. Treasury Secretary of
Scott Messent recently cautioned that the White House would need
Congressional approval to send out tariff dividend checks. He's also
(15:36):
said the dividends could take a variety of forms, including
tax cuts, and that any payouts would target working families.
There is a lot, obviously to figure out here, but
what we do know is that tariffs are working, and
the amount of money that is coming into the United
States of America is staggering, something Democrats said wouldn't happen.
(16:01):
We also know that it has not stagnated our economy.
That was a prediction by the media and by the left.
They said that there were going to be empty shelves.
Another lie that it was told, and one that we
now know is not even close to being reality. Now,
you combine all of this and put it together with
(16:24):
what the President has said, and that is, I want
to lower costs for all Americans. Number one, I'm going
to have these accounts for your children so that they
can grow wealth. Number two, and number three, I want
to give you back your money that the government is
clearly overspending. You add all this together, and what we're
(16:46):
witnessing is a true change in the fiscal responsibility in
our nation. We also know the president is going to
spend less money, and that is something we haven't seen
in decades. And let me also be there is far
too much spending going on in this country right now,
(17:06):
and there's far too much by the Republicans that are
doing pork barrel spending. Everybody needs to understand this isn't
just a Democrat problem. This is actually a Republican problem
as well. What the President's advocating for is a massive
step in the right direction for fiscal responsibility, and it's
(17:27):
something that many Americans should get on board with. We
also know that states have to balance their budget, why
shouldn't the federal government? And the idea that we don't
have enough money coming in is also absurd. We have
record tax dollars that are being received by our federal government.
Now that's our money that we are giving to the government,
(17:48):
and they are abusing those tax dollars like you can't
even imagine. So I hope that what we witness now
is a major shift, a major change. The one thing
that makes me excited is at least we have a
president that's talking about your money like it is your money.
For far too long, politicians Republicans as well, talk about
(18:13):
tax dollars like it is their money. It is not
their money, it is our money that they take from us.
Most Americans work three months a year to pay their
tax liability. Imagine if we lowered that to just a
month a month and a half. And imagine if the
government stopped wasting our money. Imagine if we ended up
(18:36):
getting the money from things like tariffs. And then you
have other Americans that understand the power of money. Michael
Dell talking about giving twenty five million American children the
investment accounts, I want you to listen to what he
said about why this could be a transformative moment for
our country.
Speaker 5 (18:54):
Susan and I are super excited to announce our six
point two five billion dollar gift to twenty five million
American children ten and under, and our gift will cover
most of the children that are ten and under that
are not part of the federal program, the zero to
two year olds, and who also live in zip codes
(19:17):
where the immedian income is one hundred and fifty thousand
dollars or less. And I have spoken with the number
of other wealthy Americans philanthropists, and we are confident that
others will join us because we all understand the incredible
impact that a gift like this can have on the
(19:40):
lives of young Americans.
Speaker 1 (19:43):
The impact on young Americans is the best part of
that conversation. If you want to know what the long
term effects of the Trump administration are going to be,
it is going to be these types of conversations that
change the mentality that the government is not your pairents,
that the government is the problem, not the solution, That
(20:04):
the government should get out of your way and allow
you to keep more of your hard earned dollars. This
is what I love to hear, and hopefully in one
generation we can change this mentality indefinitely. President Donald Trump
had a cabinet meeting and it's an important one because
(20:26):
it shows just how transparent the president of the United
States of America is. The timing is also very important
after Democrats are saying they smell blood in the water
politically right now as they defend the narco terrorists who
are sending drugs into the United States of America that
are killing Americans at a record rate of almost three
(20:49):
hundred a day. Mark Kelly and many other Democrats are
now leading the attack on the Secretary of War Pete
Headgseth over the drug boats. And the same people that
are now saying the President doesn't have the right to
strike these boats or the terrorists on the boats are
the same people that literally did nothing after Biden drone
(21:12):
attacked children. No, they did not say that was a
war crime. They did not call for the President to
be locked up or the man in charge at the Pentagon. Instead,
they look the other way. This time, the President has
made it clear we're going after these terrorists in these
terrorist organizations who were killing Americans. And the President also
(21:35):
showed during the cabinet meeting that he has no problem
answering the question as the Secretary of War was sitting
literally right next to him. I want to play for
you this back and forth with the media, and I
want you to actually hear what the President had to say,
not just a sound bite that the media is putting out,
but the President in his own words. And I want
(21:56):
you to hear what he had to say about the
fog of war, or the second strike on the drug
boat survivors as the media has described it, and why
he is going after them. I'll say it again, this
is an unedited version and it includes the Secretary of
Defense sitting right next to the President. So listen to
(22:18):
the President explain exactly why he's doing this and why
I believe so many Americans are standing behind him.
Speaker 4 (22:24):
Good President, thank you so much for taking questions with
your assembled cabinet. I wanted to clarify something that you
had said on Sunday regarding the boat strikes near Venezuela,
and you had said that you didn't know if the
second strike on that one boat had happened, but you
wouldn't have wanted it. Now that your administration has acknowledged
that it happened, do you support that second strike? And
mister Secretary, I want to clarify something you had said
(22:46):
in an interview back in September. I believe on Fox
News you said that you had watched that strike live
on television in real time. Did you know that there
were survivors after the initial strike?
Speaker 3 (22:58):
Well, look, all I know is this every boat that
you see get blown up. We saved twenty five thousand,
on average lives, twenty five thousand lives. They've been sending
enough of this horrible fentanyl and other things like cocaine
and other things.
Speaker 6 (23:14):
But Fedomovel right now is the leader of the pack
to kill our entire nation.
Speaker 3 (23:21):
Because a little speck on the head of a pin
could kill somebody is very dangerous stuff. I know so
many people with their sons where drug addicts. They had
one little sample and they died.
Speaker 2 (23:31):
They died.
Speaker 3 (23:32):
They couldn't believe it. As far as the attack is concerned,
I didn't, you know. I still haven't gotten a lot
of information because every lion pete.
Speaker 6 (23:42):
But to me, it was an attack.
Speaker 3 (23:43):
It wasn't one strike, two strikes, three strikes. Somebody asked
me a question about the second strike.
Speaker 6 (23:48):
I didn't know about the second strike. I didn't know
anything about people. I wasn't involved.
Speaker 3 (23:52):
I knew they took out a boat, but I would
say this, they had a strike. I hear the gentlemen
that in charge of that is extraordinaries, extraordinary personal that
Pete speak about them. But Pete was satisfied. Pete didn't
know about a second attack having to do with two people,
and I guess Pete would have to speak to it.
(24:15):
I can say this, I want those boats taken out
and if we have to, will attack on land also
just like we attack on sea, and they're very little
coming in by sea. I think we've knocked out over
ninety percent of it. There's very little good. I understand
that there's very little. We're saving hundreds of thousands of
lives with those pinpoint attacks. It's an amazing thing when
(24:36):
you see a boat going along and you know a
lot of the press would like to say they're not.
You see the boat, they're not maybe drugs. You see
these boats first of all, who has five engines on
the back of about going in weird directions and loaded
up with lots of white contactors. They're volved their bags things.
(24:57):
Now they've done an amazing job, and Peter's done it amazing. Joe,
you could probably veer answer the question.
Speaker 7 (25:03):
Another spot on Sir I think you got to start
with the baseline which Marco laid out.
Speaker 6 (25:07):
Was laid out.
Speaker 7 (25:08):
We've got twenty million people invading our country over four years.
Speaker 6 (25:11):
We don't know where they're coming from.
Speaker 7 (25:13):
That includes Trenda arragua and cartels and violent criminals. They
bring drugs, and you mentioned it, mister president, poisoning and
intentional poisoning of the American people, killing hundreds of thousands
of Americans.
Speaker 6 (25:25):
So the President had the courage to designate.
Speaker 7 (25:27):
These cartels as designated terrorist organizations.
Speaker 6 (25:31):
A number of us here served.
Speaker 7 (25:32):
In the military and spent twenty years fighting terrorists like
al Qaeda and ISIS on the other side of the world.
Speaker 6 (25:38):
How do you treat al Qaeda and Isis.
Speaker 7 (25:40):
Do you arrest them and treat them, pat them on
the head and say don't do that again. Or do
you end the problem directly by taking a lethal kinetic approach.
And that's the way President Trump has authorized the War
Department to look at these cartels.
Speaker 6 (25:54):
And I wish everybody could be in the room watching.
Speaker 7 (25:56):
Our professionals, our professionals like Mitch Bradley, Admiral Mitch Bradley
and others at Jaysack and so Calm and other commanders,
the deliberative process, the detail, the rigorous, the intel, the legal,
the evidence based way that we're able to with sources
and methods that we.
Speaker 6 (26:12):
Can't reveal here. Make sure that every one of those.
Speaker 7 (26:15):
Drug boats is tied to a designated terrorist organization.
Speaker 6 (26:18):
We know who's on it, what they're doing, what they're carrying.
Speaker 7 (26:20):
All these white bails are not Christmas gifts from Santa.
This is drugs running on for motor fastboats or submarines
that we've also struck. No one's fishing on a submarine,
and I have empowered them to make that call. Now
the first couple of strikes, as you would, as any
leader would want, you want to own that responsibility. So
(26:40):
I said, I'm going to be the one to make
the call after getting all the information and make sure
it's the right strike.
Speaker 6 (26:45):
That was September second.
Speaker 7 (26:47):
There's a lot of intelligence that goes into that building
that case and understanding that, a lot of people providing information.
I watched that first strike life, as you can imagine,
at the Department of War, we've got a lot.
Speaker 6 (26:57):
Of things to do.
Speaker 7 (26:58):
So I didn't stick around for the hour and two
hours whatever where all the sensitive side exploitation digitally occurs,
So I moved on to my next meeting. A couple
of hours later, I learned that that commander had made
the which he had the complete.
Speaker 6 (27:11):
Authority to do.
Speaker 7 (27:12):
And by the way, Edwinal Bradley made the correct decision
to ultimately sink the boat and eliminate the threat.
Speaker 6 (27:18):
He sunk the boat, sunk the boat and eliminated the threat,
and he was the right call.
Speaker 7 (27:25):
We have his back and the American people are safer
because narco terrorists. No, you can't bring drugs through the
water and eventually on land if necessary, I have to
do to the American people.
Speaker 6 (27:37):
We will eliminate that threat, and we're proud to do it.
Speaker 4 (27:40):
So you didn't see any survivors, to be clear, after
that first.
Speaker 7 (27:43):
Ring, personally, I did not personally see survivors, but I
stand because the thing was on fire. I was exploded
in fire smoke. You can't see anything you got digital.
This is called the fog of war.
Speaker 6 (27:54):
This is what you and the press don't understand. You
sit in your conditioned offices or up on cap Hill
and you nit pick and.
Speaker 8 (28:01):
You plant fake stories in the Washington Post about kill
everybody phrases on anonymous sources, not based in anything, not
based in any truth at all, and then you want
to throw up really irresponsible terms about American heroes, about the.
Speaker 6 (28:15):
Judgment that they made.
Speaker 7 (28:17):
I wrote a whole book on this topic because of
what politicians and the press does to warfighters. President Trump
has empowered commanders, commanders to do what is necessary, which
is dark and difficult things in the dead of night
on behalf of the American people. We support them and
will stop the poisoning of the American people.
Speaker 1 (28:34):
So as you can hear there the President of United
States of America making it very clear why we are
going after these terrorists and what success looks like. There's
also one other warning. Democrats are now playing with the
idea that they may come back when they gain power
and start arresting our men and women in uniform and
(28:57):
even the man in charge of the Department of War,
Pete Headseth, for what they are now describing as war crimes.
This is psychological warfare. This is a shocking precedent by
a party that we now know is unhinged. Now we
know what they try to do to President Trump. We
know they tried to lock him up they try to
(29:18):
overthrow the will of the people, They try to impeach
him on documents a new or a lie, the Stile
dossier that were user generated and paid for by Hillary
Clinton's campaign and the Democrat National Committee. We know they're
willing to use the government to intimidate, to try to
lock you and family members up if they don't like you.
But what they're now saying is they're willing to go
(29:40):
a step further. Before it was Donald Trump and his
closest allies. Now they're saying it could be any man
or woman in uniform that is carrying out a strike
against these narco terrorists. And what the Democratic Party is
now clearly trying to do is to put major doubt
in the minds of our men and women that fight
(30:01):
these terrorists. This is psychological warfare, and I am going
to make a prediction there's a very good chance you're
going to hear even more about this in the days
and weeks ahead. They are going to want the men
and women in uniform to fear them. They want you
to believe that they will come after you, that they
will lock you up, that they will bankrupt you, that
(30:24):
they will arrest you, and that your life after serving
your country will be spent in a prison cell. This
is the most shocking part of this entire story. Is
there an actual controversy here? No. I will remind you
there were drone strikes that killed children under the Biden administration.
(30:46):
Democrats didn't bat an eye this time. Republicans are killing
narco terrists who are running drugs that are killing Americans.
And what are the Democrats doing. They're threatening wark crimes
against men and women for serving the president of the
United States of America with lawful orders. So that's where
(31:08):
we are today. This is the Democratic Party, and we
must make sure that our men and women in a
uniform are allowed to do their jobs and not worried
about going to jail because of a psychotic Democratic Party.
Don't forget to share this podcast, by the way, with
your family and your friends on social media wherever you
can hit that subscribe or auto download button and I'll
(31:30):
talk to you again tomorrow.
Host
Ben Ferguson
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