July 30, 2025 • 24 mins
Tsunami hits Hawaii (no damage reported). White House Considers 'Pocket Rescissions' To Sidestep Congress: What To Know. Why is the Senate slow rolling judicial confirmations? Place your bets: Rates will probably hold. Katy Perry & Justin Trudeau out on a date. Of course, Gov. Hochul uses the NYC attack to push for gun control. Cincinnati Racial attack is not being covered by the MSM because it was racial
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Episode Transcript
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Speaker 1 (00:13):
The waves hit Hawaii, and it could have been so
much worse. Tony Katz ninety three WIBC, Good morning.
Speaker 2 (00:22):
It was an.
Speaker 1 (00:23):
Eight point eight quake off the coast of eastern Russia,
sending tsunami warnings everywhere, of course, on the Pacific Rim
to Japan and other places.
Speaker 2 (00:37):
Tsunami warnings in Hawaii last night.
Speaker 1 (00:40):
Tsunami warnings hitting the West coast from California all the
way through British Columbia. They hit Hawaii I believe at
seven pm, seven to fourteen pm Hawaii standard time, but
rising water sure people were told to get the high ground.
(01:00):
Absolutely damage. That is not what we're hearing about, which
is good to know, and certainly more will be known.
They are six hours behind us, so more will be
known as the sun comes up, as it's just midnight,
just after midnight.
Speaker 2 (01:20):
There or right now.
Speaker 1 (01:24):
I haven't done the looking to see where it sits
in history, but I have never heard of an eight
point eight. I can't imagine the level of devastation if
that had not hit in the.
Speaker 2 (01:37):
Pacific, that eight point eight. There was a nine point
zero in Japan about ten years ago. Was that the one?
Speaker 1 (01:45):
So it was nine point zero is that the one
that hit that damaged the nuclear reactor in Fukushima.
Speaker 2 (01:50):
Yes, so is stronger the one and not not buy
not much, but enough. I just I didn't realize it
was a nine.
Speaker 1 (01:57):
This is big, absolutely, And yes, these tsunami warnings are
real because the actual crush shifts and sow the water
on the side that it goes down, It sinks down,
and what you get on the other side is a.
Speaker 2 (02:11):
Wave that comes because that water has to go somewhere.
Speaker 1 (02:16):
Right, the water will fill the gap if you will,
and that's the tsunami waves. So if you've got your
left hand, your right hand up and you bring your
right hand down, call it a foot. Right, you bring
your right hand down, that whole water level is coming down.
Now this water on the left, where does it go.
It starts filling in. That's where the tsunami comes from,
and that can devastate. Thrilled that it hasn't and everything
(02:41):
seems like it's going to be all right.
Speaker 2 (02:43):
Craziness yesterday.
Speaker 1 (02:45):
There is still plans to reduce spending in the House
of Representatives. We will get that, but the rates are
probably gonna hold, which means Jerome Powell has no interest
in listening to anybody saying you should lose your job.
Speaker 2 (03:00):
He doesn't. He doesn't care if he loses his job.
It's just like I don't care.
Speaker 1 (03:04):
If Megan Kelly wants to go full Walter Cronkite. She can,
but I don't think the Israelis are gonna listen. And
when you're Megan Kelly and you find yourself on the
same side as Pod Save America, maybe we have to
ask ourselves a much different question. Hey, she's right about
a lot of things, just not this. It happens Tony
(03:25):
Kat's ninety three WIBC, Good Morning.
Speaker 2 (03:30):
Are we just.
Speaker 1 (03:30):
Bringing out the funk? Was that what today is? All
nineties alternative?
Speaker 2 (03:40):
All the time?
Speaker 1 (03:40):
A producer Carl has been going into themes with the
bumper music. I didn't know what that was. I thought
that was maybe a little bit of.
Speaker 2 (03:47):
A grunge p funk collab right there. That was worthwhile.
Tony Kats ninety three WIBC, Good Morning, Good to be
with you.
Speaker 1 (03:59):
I could tell the story of Corey Booker accusing Democrats
of being complicit in the Trump agenda. It ties into
something that the Obama boys on their podcast Pod Save America.
We're doing regarding Israel, which I will get into as promised.
Going in a lot of unique directions here, and none
(04:22):
of them seem good for Western civilization.
Speaker 2 (04:25):
I will discuss it.
Speaker 1 (04:26):
But a very interesting story about something called pocket recisions,
which I knew nothing about. So the conversation has been
that the White House should be putting forth to the
House of Representatives to Congress recision.
Speaker 2 (04:43):
Packages, which is to say, let.
Speaker 1 (04:46):
Us rescind spending that has already been appropriated and not
spend the money, save the money for the American people.
A lot of programs, a lot of plans that are
absolutely worthless that shouldn't get American dollars, shouldn't get our
tax dollars. They're ideologically inept or they're all together daft,
and we should say no. And we did a little
(05:07):
over nine billion dollars in the defund of NPR and
PBS and some other.
Speaker 2 (05:12):
Things which I favor.
Speaker 1 (05:13):
I don't believe NPR should get a time of my money.
Everybody working at NPR right now, I wish them the best.
Go get sponsors, Go do the thing. Go put your
product on the air. I don't mind your product on
the air, even if I disagree with what you say,
I do mind the government funding your product as if
it's more important than our product. I want to say clearly,
I do not believe that to be the case at all.
(05:35):
I don't believe there is a single NPR host that
provides something on air that is somehow more important than
what I provide on air that the federal government should
give them dollars to do it. If sponsors believe it, well,
that's completely different. That's the private sector. You go right ahead.
So these recision packages are about rescinding the spending that's
(05:58):
already been appropriated. Nine billion dollars isn't even a start.
It's just, hey, does this work? It's like when you
send yourself a test email. Yeah, So that's all it is.
We need to be doing hundreds of billions of dollars
in recision packages, and I'm bothered that it hasn't happened yet.
So over there at zero Hedge, they're discussing the idea
(06:21):
of a pocket recision. This is a concept that comes
from Russ Vote, who is the runs the Office of
Management and Budget, who the political left despises because you.
Speaker 2 (06:30):
Always need a boogeyman.
Speaker 1 (06:33):
So the strategy goes like this, within forty five days
of the end of the fiscal year, you can request
and put in this submit this proposal to cancel the
previously appropriated funds. If Congress doesn't act, the funds expire. Now,
(06:55):
if you didn't know, the federal budget calendar runs from
October to September, I don't know why. I someone has
the answer, and maybe I've never looked it up properly.
Speaker 2 (07:06):
I never asked that's how it runs.
Speaker 1 (07:09):
So you could in mid August, let's call it August
twenty fifth, I'm invented today. You could put in these
recision proposals for one hundred billion dollars, two hundred billion dollars,
four hundred and seventy two billion dollars, pick a number,
(07:31):
and then Congress doesn't have to act, and by doing so,
the decision will happen. It's a very very interesting way
to do things now. I don't know if the House
or the Senate are going to go along. There's a
(07:53):
real issue right now with the Senate confirming judges. I
don't know someone brought this up. I saw this subject
brought up last week. I do not know why the
Senate under John Thune is slow rolling judicial nominees.
Speaker 2 (08:10):
Doesn't make any sense.
Speaker 1 (08:14):
You've got two hundred and fifty five voted out of
committee to the full Senate for our confirmation vote. We've
confirmed one hundred and seven. And it's not just judicial
it's ambassadors, cabinet secretaries.
Speaker 2 (08:28):
A whole bunch of things going on. Why are these
things not being confirmed?
Speaker 1 (08:35):
Well, you could do recess appointments, right the Senate is
in recess. The President needs these positions to be able
to do the job under Article two.
Speaker 2 (08:46):
So boom, recess appointment.
Speaker 1 (08:48):
You're the new ambassador here, you're the new secretary of this,
the undersecretary of that. You're the guy who gets me
diet coach, whatever it is you need Senate approval for done.
Speaker 2 (08:57):
So there is this talk that Fune.
Speaker 1 (09:03):
The Senator from South Dakota Senate majority leader who took
over for Mitch McConnell, is going to call the Senate
into session every three days for an hour. So therefore
the Senate will not be in recess and therefore no
recess appointments could take place. So I'm hearing about this rumor,
(09:27):
and now I'm seeing that, Good Lord, we're not getting
these people confirmed.
Speaker 2 (09:33):
Why is that?
Speaker 1 (09:35):
And for all the senators out there, including the senators
from Indiana, and since I know they follow Google alerts,
Jim Banks, Todd Young, Jim Banks, Todd Young.
Speaker 2 (09:45):
See now, hell, it's going to show up in their
email and.
Speaker 1 (09:47):
I'm gonna get text messages and it's gonna be joyous,
very supportive of President Trump and this, that and the other.
Speaker 2 (09:54):
Why not this? Why aren't we very very public on this?
I'm not saying you don't you have a tweet somewhere,
a post on X.
Speaker 1 (10:01):
I'm saying, why aren't we very public about this slow
rolling of the confirmations?
Speaker 2 (10:07):
What in the world is going on and why is
it going on?
Speaker 1 (10:14):
And then, as as we discussed, we're supposed to find
out about interest rates today and whether or not the
Federal Reserve is going to cut any rates.
Speaker 2 (10:24):
It doesn't look like it.
Speaker 1 (10:26):
It looks like everything is going to remain unchanged for
the fifth straight meeting. Trump is going to lose his mind.
People are going to be angry too late Powell. There's
going to be name calling, It's gonna.
Speaker 2 (10:43):
Be there's yeah, it's gonna get rough and humble.
Speaker 1 (10:47):
Will Trump fire him? I think I said this the
other day. No, No, I haven't changed fifty to fifty.
Speaker 2 (10:54):
I have no idea.
Speaker 1 (10:56):
Maybe yes, maybe no.
Speaker 2 (10:59):
No clue none less than none.
Speaker 1 (11:03):
And if you say to me, well, the odds gets
stronger if they do this, I don't know.
Speaker 2 (11:09):
I don't know.
Speaker 1 (11:11):
Maybe you've got specific fed presidents of specific cities who
will say things, But I just don't think you're moving
Jeron Powell on this subject.
Speaker 2 (11:21):
Now, could he.
Speaker 1 (11:22):
Surprise and we have a quarter point reduction just to
see what happens? Absolutely, the problem is if he does
a quarter point, he gets screamed at even louder for
not doing enough. Now you're willing to do this, why
not do this? I mean Trump would take two points.
He's not going to get two points, but Trump would
(11:43):
take two points. But I'm still of the of the
belief that don't expect it, don't expect the rate cut
to come.
Speaker 2 (11:57):
And this.
Speaker 1 (12:00):
Has another story, another angle to look at. You know,
we have seen that credit card debt is getting paid off.
That doesn't mean that there isn't still massive credit card debt,
record high credit card debt. It's just fascinating that it's
getting paid off. And you wonder how long this can last.
The economy is so much better than I think that
people are paying off their debt. The tariffs so have
(12:22):
no effect on anything. That cash is just everywhere. Well
that's not the case. However, things are certainly better than
people thought they would be, which is very interesting stuff.
Speaker 2 (12:34):
So people are.
Speaker 1 (12:34):
Paying off credit card debt, but credit card debt is
still at incredible highs News Nation with the story underwater
car loans hit their highest level in four years. The
average amount ode on loans as people were trading in
cars sixty seven hundred dollars, and average monthly payments have
increased to nine hundred and fifteen bucks. I don't know
(13:00):
what it says when people are underwater on their vehicles
and what that means to how the economy is going.
But if you want to tell me everything is great
because of the deals made, I'll tell you that I
want the deals to be successful. I'm just staring at
this stuff. This stuff doesn't sound like everything is great.
(13:22):
This stuff doesn't sound like lowering interest rates is going
to make it better. Rather, we'll flood more cash in
and we'll bring inflation back, and we're already having this issue.
Speaker 2 (13:33):
Maybe they're two separate things right now. I don't have
a good answer for you.
Speaker 1 (13:39):
I'm just trying to better make sure I've got all
the data to try and.
Speaker 2 (13:42):
Figure it out.
Speaker 1 (13:44):
Sometimes people lose their minds, and sometimes they decide to
do away with long term relationships, to take a step down.
Speaker 2 (13:53):
Now, and they get broken.
Speaker 1 (13:55):
They somehow think they're going to do betterly, somehow think
they are better, and they.
Speaker 2 (13:58):
Lose sense to themselves, inside themselves. This happened with your friends.
You've seen this before.
Speaker 1 (14:02):
Tony Katz ninety three WIBC, Good Morning. Find everything I
do at Tony Katz dot com. I'd appreciate it if
you'd stop on bot. But nothing says completely broken, nothing
says stepping down like Katy Perry.
Speaker 2 (14:20):
That's right, I'm doing a Katy Perry story. What's it
to you? Out to dinner? I can't make this up
with Justin Trudeau exactly.
Speaker 1 (14:39):
She breaks up with Orlando Bloom of course, Uh, Justin
Shrudeau divorces his wife because would you stay married to that?
Just one man's take My gosh, my gosh. Some people
make big mistakes and now they're seen having dinner together
(15:00):
her as she is touring Canada. That's a step down, right,
Orlando Bloom to Justin Trudeaux. From a guy who played
an elf to a guy who played a prime minister.
Step down, step down. Absolutely, at least the elves can
(15:21):
walk on snow. I seem to know a lot about elves.
Not necessarily proud of that, but good gosh, how how
is it remotely possible? How do the absolutely worst people?
(15:42):
And by the way, Katy Perry, remember when she was
an astronaut?
Speaker 2 (15:46):
That was good.
Speaker 1 (15:47):
Remember remember when Justin Trudeau is in blackface twice?
Speaker 2 (15:51):
Oh oh, that was that was good times, good time.
Maybe both living in make believe they deserve each other.
Speaker 1 (16:00):
Goodness that that I'm not. That's a step down, right
that that I got to go from the friend of
Strider to the son of Fidel Castro, stepped down, step
(16:21):
no too soon, Nah, I'm good with it.
Speaker 2 (16:24):
It's fine.
Speaker 1 (16:25):
Tony Katz ninety three w ib C, Good Morning, The
New York Times. Pods save America, Meghan Kelly, Yeah, I
said what I said, Megan Kelly, going full Walter Cronkite
on Israel. This war has lost, you lost the international
community win in the world did they ever have? And
it's a it's a miss from from Meghan Kelly and oh,
(16:48):
I don't expect any reaction, but honesty requires not being
concerned about whether or not the reaction comes.
Speaker 2 (16:56):
Tony Katz ninety three w IBC, Good morning to be
with you.
Speaker 1 (17:00):
Gross stuff as I see it from the New York Times.
They're lying pod Save America, pretending somehow the Democratic Party
isn't what it is, and Megan Kelly making a very
large scale mistake on Israel's future and really ours. I
will get into that story at seven forty five and
i'll explain why at that time. Meanwhile, you have got
(17:25):
August twenty third, Nick Sercy from TV's Justified, the actor,
the filmmaker, the documentarian. His documentary about January sixth is
something to see. He will be with me August twenty third,
west Fork Whiskey there in Westfield, Indiana. One night only
from LA to the Midwest and never looking back. He
is now down Kentucky Way. I of course am right here.
(17:47):
We knew each other from LA, and it is going
to be a fantastic night with West Fork Whiskey, Bourbon.
We're gonna have cigars afterwards, because of course that's what
I It's kind of what I do. Incredible night's on
sale next week. Me film and TV star Nick Cercy
One night Only, from LA to the Midwest and never
(18:08):
looking back, the stories of Los Angeles to stories of DC,
the stories of politics in all of our lives, coast
to coast, and why it's better to be here. It's
gonna be a fantastic, fantastic night. August twenty third, Saturday Night.
Tickets go on sale next week. Sponsorships available right now.
You can send an email to me Tony at tonycats
dot com and we will get you all set up.
(18:30):
It's gonna be an incredible, incredible night. You're gonna you
are gonna have a world class time and insights. You're
gonna laugh.
Speaker 2 (18:38):
It's gonna be terrific in New York.
Speaker 1 (18:42):
The only things we've learned more about this shooter who
was trying to harm people who worked for the NFL.
He thought he had CTE. He didn't play pro football,
mind you, that didn't happen, but he blamed the NFL.
He went to New York driving from Los Angele from Nevada, sorry,
(19:08):
from Las Vegas, kills a cop, kills three others, takes.
Speaker 2 (19:15):
His own life, and now you have.
Speaker 1 (19:19):
The governor Kathy hokel calling for a nationwide band on
assault weapons as predictable as can be. The ignorant and
the lame on the political left move about being ignorant
and lame. You already had all the gun laws in
the world in New York and it.
Speaker 2 (19:38):
Didn't stop this.
Speaker 1 (19:40):
You can't do more, By the way, wait till we
try and to find assault weapon as this guy used
in AR fifteen. But she doesn't know, and she doesn't care,
and she is fine with the ignorance. She's fine with it.
These people don't actually care. There's no value here here.
(20:00):
There's no discussion of society. There's no discussion of this
guy being known to a Las Vegas law enforcement Why
was not more done there when he left town?
Speaker 2 (20:13):
How did nobody know and say, hey, this guy left town,
be on the lookout.
Speaker 1 (20:18):
I don't know if it would have helped, but maybe
it could have helped.
Speaker 2 (20:22):
What's the point of keeping an eye on somebody?
Speaker 1 (20:28):
Maybe if more people actually had firearms in New York,
this guy would have been stopped. Because all your gun
laws haven't stopped the killings. You think it's a gun
law conversation right here in Indianapolis, when IMPD.
Speaker 2 (20:45):
Officers are shot. Do you think that's about guns or
is that about culture?
Speaker 1 (20:51):
I would ask the people of Indianapolis, the civic leaders
and the elected leaders, but we know we're not gonna
get any answers because we don't get answers from those people.
We don't get answers from the people with their names
high on the buildings. I don't know why not. I
don't know why you don't speak out. I don't know
why you don't speak up, but you don't. And you
(21:13):
know who you are, whether your company named rhymes with
Lily or Simon or Emis or Cummings or oh, I'm sorry,
I'm and I mean rhymes. We want to hear from you.
We want the backup, we want the help. We want
a better city. We want to embolden leaders to do
(21:36):
things that have value and to speak out against this
violence and to speak out against what happens when you
think someone slighted you. The answer isn't go shoot them.
You were lied to as a kid, you're lied to
as an adult. We need to change that mindset. It
has to be changed. That takes leadership. I don't know
(22:03):
where it is, but it isn't in our elected officials
at all. And it's not in Kathy Hokele, the immediate
push to gun control. It's so predictable, so incredibly predictable. Meanwhile,
(22:24):
charges have come against well, I should say charges on
that case.
Speaker 2 (22:32):
I actually want to move stories.
Speaker 1 (22:35):
Charges have come in the case in Cincinnati, which I
will get into, where of course you had a mob
attacking a man and a woman, and of course it
was racial because the mob was black and the people
attacked were white.
Speaker 2 (22:49):
No, not Rachel.
Speaker 1 (22:52):
Seems to me that if it was the other way,
that's all we'd be hearing about. That's all we would
be discussing. But two people have been charged. I'm surprised
it's only two. And I also heard that they were
(23:13):
already out on bond. These people should be in jail
for forever. How is it possible they're out on bond.
How is it possible? You have a police chief in
Cincinnati who is like you all watch this video of
these people being attacked. And that's the problem because the
video doesn't tell the whole story. The guy got kicked
(23:34):
in the face what four times? I think it tells
the whole story. This wasn't a response video, this was
an attack caught on video. The video doesn't tell the
whole story, now it does. You, as the chief of
police there in Cincinnati, are just weak, and you refuse,
refuse to say they were wrong because even though the
(23:59):
attack clearly is racial, you've decided that you shouldn't talk
about it because of race, which is racial.
Speaker 2 (24:09):
Man. And this is why people drink bourbon.
The waves hit Hawaii, and it could have been so
much worse. Tony Katz ninety three WIBC, Good morning.
Speaker 2 (00:22):
It was an.
Speaker 1 (00:23):
Eight point eight quake off the coast of eastern Russia,
sending tsunami warnings everywhere, of course, on the Pacific Rim
to Japan and other places.
Speaker 2 (00:37):
Tsunami warnings in Hawaii last night.
Speaker 1 (00:40):
Tsunami warnings hitting the West coast from California all the
way through British Columbia. They hit Hawaii I believe at
seven pm, seven to fourteen pm Hawaii standard time, but
rising water sure people were told to get the high ground.
(01:00):
Absolutely damage. That is not what we're hearing about, which
is good to know, and certainly more will be known.
They are six hours behind us, so more will be
known as the sun comes up, as it's just midnight,
just after midnight.
Speaker 2 (01:20):
There or right now.
Speaker 1 (01:24):
I haven't done the looking to see where it sits
in history, but I have never heard of an eight
point eight. I can't imagine the level of devastation if
that had not hit in the.
Speaker 2 (01:37):
Pacific, that eight point eight. There was a nine point
zero in Japan about ten years ago. Was that the one?
Speaker 1 (01:45):
So it was nine point zero is that the one
that hit that damaged the nuclear reactor in Fukushima.
Speaker 2 (01:50):
Yes, so is stronger the one and not not buy
not much, but enough. I just I didn't realize it
was a nine.
Speaker 1 (01:57):
This is big, absolutely, And yes, these tsunami warnings are
real because the actual crush shifts and sow the water
on the side that it goes down, It sinks down,
and what you get on the other side is a.
Speaker 2 (02:11):
Wave that comes because that water has to go somewhere.
Speaker 1 (02:16):
Right, the water will fill the gap if you will,
and that's the tsunami waves. So if you've got your
left hand, your right hand up and you bring your
right hand down, call it a foot. Right, you bring
your right hand down, that whole water level is coming down.
Now this water on the left, where does it go.
It starts filling in. That's where the tsunami comes from,
and that can devastate. Thrilled that it hasn't and everything
(02:41):
seems like it's going to be all right.
Speaker 2 (02:43):
Craziness yesterday.
Speaker 1 (02:45):
There is still plans to reduce spending in the House
of Representatives. We will get that, but the rates are
probably gonna hold, which means Jerome Powell has no interest
in listening to anybody saying you should lose your job.
Speaker 2 (03:00):
He doesn't. He doesn't care if he loses his job.
It's just like I don't care.
Speaker 1 (03:04):
If Megan Kelly wants to go full Walter Cronkite. She can,
but I don't think the Israelis are gonna listen. And
when you're Megan Kelly and you find yourself on the
same side as Pod Save America, maybe we have to
ask ourselves a much different question. Hey, she's right about
a lot of things, just not this. It happens Tony
(03:25):
Kat's ninety three WIBC, Good Morning.
Speaker 2 (03:30):
Are we just.
Speaker 1 (03:30):
Bringing out the funk? Was that what today is? All
nineties alternative?
Speaker 2 (03:40):
All the time?
Speaker 1 (03:40):
A producer Carl has been going into themes with the
bumper music. I didn't know what that was. I thought
that was maybe a little bit of.
Speaker 2 (03:47):
A grunge p funk collab right there. That was worthwhile.
Tony Kats ninety three WIBC, Good Morning, Good to be
with you.
Speaker 1 (03:59):
I could tell the story of Corey Booker accusing Democrats
of being complicit in the Trump agenda. It ties into
something that the Obama boys on their podcast Pod Save America.
We're doing regarding Israel, which I will get into as promised.
Going in a lot of unique directions here, and none
(04:22):
of them seem good for Western civilization.
Speaker 2 (04:25):
I will discuss it.
Speaker 1 (04:26):
But a very interesting story about something called pocket recisions,
which I knew nothing about. So the conversation has been
that the White House should be putting forth to the
House of Representatives to Congress recision.
Speaker 2 (04:43):
Packages, which is to say, let.
Speaker 1 (04:46):
Us rescind spending that has already been appropriated and not
spend the money, save the money for the American people.
A lot of programs, a lot of plans that are
absolutely worthless that shouldn't get American dollars, shouldn't get our
tax dollars. They're ideologically inept or they're all together daft,
and we should say no. And we did a little
(05:07):
over nine billion dollars in the defund of NPR and
PBS and some other.
Speaker 2 (05:12):
Things which I favor.
Speaker 1 (05:13):
I don't believe NPR should get a time of my money.
Everybody working at NPR right now, I wish them the best.
Go get sponsors, Go do the thing. Go put your
product on the air. I don't mind your product on
the air, even if I disagree with what you say,
I do mind the government funding your product as if
it's more important than our product. I want to say clearly,
I do not believe that to be the case at all.
(05:35):
I don't believe there is a single NPR host that
provides something on air that is somehow more important than
what I provide on air that the federal government should
give them dollars to do it. If sponsors believe it, well,
that's completely different. That's the private sector. You go right ahead.
So these recision packages are about rescinding the spending that's
(05:58):
already been appropriated. Nine billion dollars isn't even a start.
It's just, hey, does this work? It's like when you
send yourself a test email. Yeah, So that's all it is.
We need to be doing hundreds of billions of dollars
in recision packages, and I'm bothered that it hasn't happened yet.
So over there at zero Hedge, they're discussing the idea
(06:21):
of a pocket recision. This is a concept that comes
from Russ Vote, who is the runs the Office of
Management and Budget, who the political left despises because you.
Speaker 2 (06:30):
Always need a boogeyman.
Speaker 1 (06:33):
So the strategy goes like this, within forty five days
of the end of the fiscal year, you can request
and put in this submit this proposal to cancel the
previously appropriated funds. If Congress doesn't act, the funds expire. Now,
(06:55):
if you didn't know, the federal budget calendar runs from
October to September, I don't know why. I someone has
the answer, and maybe I've never looked it up properly.
Speaker 2 (07:06):
I never asked that's how it runs.
Speaker 1 (07:09):
So you could in mid August, let's call it August
twenty fifth, I'm invented today. You could put in these
recision proposals for one hundred billion dollars, two hundred billion dollars,
four hundred and seventy two billion dollars, pick a number,
(07:31):
and then Congress doesn't have to act, and by doing so,
the decision will happen. It's a very very interesting way
to do things now. I don't know if the House
or the Senate are going to go along. There's a
(07:53):
real issue right now with the Senate confirming judges. I
don't know someone brought this up. I saw this subject
brought up last week. I do not know why the
Senate under John Thune is slow rolling judicial nominees.
Speaker 2 (08:10):
Doesn't make any sense.
Speaker 1 (08:14):
You've got two hundred and fifty five voted out of
committee to the full Senate for our confirmation vote. We've
confirmed one hundred and seven. And it's not just judicial
it's ambassadors, cabinet secretaries.
Speaker 2 (08:28):
A whole bunch of things going on. Why are these
things not being confirmed?
Speaker 1 (08:35):
Well, you could do recess appointments, right the Senate is
in recess. The President needs these positions to be able
to do the job under Article two.
Speaker 2 (08:46):
So boom, recess appointment.
Speaker 1 (08:48):
You're the new ambassador here, you're the new secretary of this,
the undersecretary of that. You're the guy who gets me
diet coach, whatever it is you need Senate approval for done.
Speaker 2 (08:57):
So there is this talk that Fune.
Speaker 1 (09:03):
The Senator from South Dakota Senate majority leader who took
over for Mitch McConnell, is going to call the Senate
into session every three days for an hour. So therefore
the Senate will not be in recess and therefore no
recess appointments could take place. So I'm hearing about this rumor,
(09:27):
and now I'm seeing that, Good Lord, we're not getting
these people confirmed.
Speaker 2 (09:33):
Why is that?
Speaker 1 (09:35):
And for all the senators out there, including the senators
from Indiana, and since I know they follow Google alerts,
Jim Banks, Todd Young, Jim Banks, Todd Young.
Speaker 2 (09:45):
See now, hell, it's going to show up in their
email and.
Speaker 1 (09:47):
I'm gonna get text messages and it's gonna be joyous,
very supportive of President Trump and this, that and the other.
Speaker 2 (09:54):
Why not this? Why aren't we very very public on this?
I'm not saying you don't you have a tweet somewhere,
a post on X.
Speaker 1 (10:01):
I'm saying, why aren't we very public about this slow
rolling of the confirmations?
Speaker 2 (10:07):
What in the world is going on and why is
it going on?
Speaker 1 (10:14):
And then, as as we discussed, we're supposed to find
out about interest rates today and whether or not the
Federal Reserve is going to cut any rates.
Speaker 2 (10:24):
It doesn't look like it.
Speaker 1 (10:26):
It looks like everything is going to remain unchanged for
the fifth straight meeting. Trump is going to lose his mind.
People are going to be angry too late Powell. There's
going to be name calling, It's gonna.
Speaker 2 (10:43):
Be there's yeah, it's gonna get rough and humble.
Speaker 1 (10:47):
Will Trump fire him? I think I said this the
other day. No, No, I haven't changed fifty to fifty.
Speaker 2 (10:54):
I have no idea.
Speaker 1 (10:56):
Maybe yes, maybe no.
Speaker 2 (10:59):
No clue none less than none.
Speaker 1 (11:03):
And if you say to me, well, the odds gets
stronger if they do this, I don't know.
Speaker 2 (11:09):
I don't know.
Speaker 1 (11:11):
Maybe you've got specific fed presidents of specific cities who
will say things, But I just don't think you're moving
Jeron Powell on this subject.
Speaker 2 (11:21):
Now, could he.
Speaker 1 (11:22):
Surprise and we have a quarter point reduction just to
see what happens? Absolutely, the problem is if he does
a quarter point, he gets screamed at even louder for
not doing enough. Now you're willing to do this, why
not do this? I mean Trump would take two points.
He's not going to get two points, but Trump would
(11:43):
take two points. But I'm still of the of the
belief that don't expect it, don't expect the rate cut
to come.
Speaker 2 (11:57):
And this.
Speaker 1 (12:00):
Has another story, another angle to look at. You know,
we have seen that credit card debt is getting paid off.
That doesn't mean that there isn't still massive credit card debt,
record high credit card debt. It's just fascinating that it's
getting paid off. And you wonder how long this can last.
The economy is so much better than I think that
people are paying off their debt. The tariffs so have
(12:22):
no effect on anything. That cash is just everywhere. Well
that's not the case. However, things are certainly better than
people thought they would be, which is very interesting stuff.
Speaker 2 (12:34):
So people are.
Speaker 1 (12:34):
Paying off credit card debt, but credit card debt is
still at incredible highs News Nation with the story underwater
car loans hit their highest level in four years. The
average amount ode on loans as people were trading in
cars sixty seven hundred dollars, and average monthly payments have
increased to nine hundred and fifteen bucks. I don't know
(13:00):
what it says when people are underwater on their vehicles
and what that means to how the economy is going.
But if you want to tell me everything is great
because of the deals made, I'll tell you that I
want the deals to be successful. I'm just staring at
this stuff. This stuff doesn't sound like everything is great.
(13:22):
This stuff doesn't sound like lowering interest rates is going
to make it better. Rather, we'll flood more cash in
and we'll bring inflation back, and we're already having this issue.
Speaker 2 (13:33):
Maybe they're two separate things right now. I don't have
a good answer for you.
Speaker 1 (13:39):
I'm just trying to better make sure I've got all
the data to try and.
Speaker 2 (13:42):
Figure it out.
Speaker 1 (13:44):
Sometimes people lose their minds, and sometimes they decide to
do away with long term relationships, to take a step down.
Speaker 2 (13:53):
Now, and they get broken.
Speaker 1 (13:55):
They somehow think they're going to do betterly, somehow think
they are better, and they.
Speaker 2 (13:58):
Lose sense to themselves, inside themselves. This happened with your friends.
You've seen this before.
Speaker 1 (14:02):
Tony Katz ninety three WIBC, Good Morning. Find everything I
do at Tony Katz dot com. I'd appreciate it if
you'd stop on bot. But nothing says completely broken, nothing
says stepping down like Katy Perry.
Speaker 2 (14:20):
That's right, I'm doing a Katy Perry story. What's it
to you? Out to dinner? I can't make this up
with Justin Trudeau exactly.
Speaker 1 (14:39):
She breaks up with Orlando Bloom of course, Uh, Justin
Shrudeau divorces his wife because would you stay married to that?
Just one man's take My gosh, my gosh. Some people
make big mistakes and now they're seen having dinner together
(15:00):
her as she is touring Canada. That's a step down, right,
Orlando Bloom to Justin Trudeaux. From a guy who played
an elf to a guy who played a prime minister.
Step down, step down. Absolutely, at least the elves can
(15:21):
walk on snow. I seem to know a lot about elves.
Not necessarily proud of that, but good gosh, how how
is it remotely possible? How do the absolutely worst people?
(15:42):
And by the way, Katy Perry, remember when she was
an astronaut?
Speaker 2 (15:46):
That was good.
Speaker 1 (15:47):
Remember remember when Justin Trudeau is in blackface twice?
Speaker 2 (15:51):
Oh oh, that was that was good times, good time.
Maybe both living in make believe they deserve each other.
Speaker 1 (16:00):
Goodness that that I'm not. That's a step down, right
that that I got to go from the friend of
Strider to the son of Fidel Castro, stepped down, step
(16:21):
no too soon, Nah, I'm good with it.
Speaker 2 (16:24):
It's fine.
Speaker 1 (16:25):
Tony Katz ninety three w ib C, Good Morning, The
New York Times. Pods save America, Meghan Kelly, Yeah, I
said what I said, Megan Kelly, going full Walter Cronkite
on Israel. This war has lost, you lost the international
community win in the world did they ever have? And
it's a it's a miss from from Meghan Kelly and oh,
(16:48):
I don't expect any reaction, but honesty requires not being
concerned about whether or not the reaction comes.
Speaker 2 (16:56):
Tony Katz ninety three w IBC, Good morning to be
with you.
Speaker 1 (17:00):
Gross stuff as I see it from the New York Times.
They're lying pod Save America, pretending somehow the Democratic Party
isn't what it is, and Megan Kelly making a very
large scale mistake on Israel's future and really ours. I
will get into that story at seven forty five and
i'll explain why at that time. Meanwhile, you have got
(17:25):
August twenty third, Nick Sercy from TV's Justified, the actor,
the filmmaker, the documentarian. His documentary about January sixth is
something to see. He will be with me August twenty third,
west Fork Whiskey there in Westfield, Indiana. One night only
from LA to the Midwest and never looking back. He
is now down Kentucky Way. I of course am right here.
(17:47):
We knew each other from LA, and it is going
to be a fantastic night with West Fork Whiskey, Bourbon.
We're gonna have cigars afterwards, because of course that's what
I It's kind of what I do. Incredible night's on
sale next week. Me film and TV star Nick Cercy
One night Only, from LA to the Midwest and never
(18:08):
looking back, the stories of Los Angeles to stories of DC,
the stories of politics in all of our lives, coast
to coast, and why it's better to be here. It's
gonna be a fantastic, fantastic night. August twenty third, Saturday Night.
Tickets go on sale next week. Sponsorships available right now.
You can send an email to me Tony at tonycats
dot com and we will get you all set up.
(18:30):
It's gonna be an incredible, incredible night. You're gonna you
are gonna have a world class time and insights. You're
gonna laugh.
Speaker 2 (18:38):
It's gonna be terrific in New York.
Speaker 1 (18:42):
The only things we've learned more about this shooter who
was trying to harm people who worked for the NFL.
He thought he had CTE. He didn't play pro football,
mind you, that didn't happen, but he blamed the NFL.
He went to New York driving from Los Angele from Nevada, sorry,
(19:08):
from Las Vegas, kills a cop, kills three others, takes.
Speaker 2 (19:15):
His own life, and now you have.
Speaker 1 (19:19):
The governor Kathy hokel calling for a nationwide band on
assault weapons as predictable as can be. The ignorant and
the lame on the political left move about being ignorant
and lame. You already had all the gun laws in
the world in New York and it.
Speaker 2 (19:38):
Didn't stop this.
Speaker 1 (19:40):
You can't do more, By the way, wait till we
try and to find assault weapon as this guy used
in AR fifteen. But she doesn't know, and she doesn't care,
and she is fine with the ignorance. She's fine with it.
These people don't actually care. There's no value here here.
(20:00):
There's no discussion of society. There's no discussion of this
guy being known to a Las Vegas law enforcement Why
was not more done there when he left town?
Speaker 2 (20:13):
How did nobody know and say, hey, this guy left town,
be on the lookout.
Speaker 1 (20:18):
I don't know if it would have helped, but maybe
it could have helped.
Speaker 2 (20:22):
What's the point of keeping an eye on somebody?
Speaker 1 (20:28):
Maybe if more people actually had firearms in New York,
this guy would have been stopped. Because all your gun
laws haven't stopped the killings. You think it's a gun
law conversation right here in Indianapolis, when IMPD.
Speaker 2 (20:45):
Officers are shot. Do you think that's about guns or
is that about culture?
Speaker 1 (20:51):
I would ask the people of Indianapolis, the civic leaders
and the elected leaders, but we know we're not gonna
get any answers because we don't get answers from those people.
We don't get answers from the people with their names
high on the buildings. I don't know why not. I
don't know why you don't speak out. I don't know
why you don't speak up, but you don't. And you
(21:13):
know who you are, whether your company named rhymes with
Lily or Simon or Emis or Cummings or oh, I'm sorry,
I'm and I mean rhymes. We want to hear from you.
We want the backup, we want the help. We want
a better city. We want to embolden leaders to do
(21:36):
things that have value and to speak out against this
violence and to speak out against what happens when you
think someone slighted you. The answer isn't go shoot them.
You were lied to as a kid, you're lied to
as an adult. We need to change that mindset. It
has to be changed. That takes leadership. I don't know
(22:03):
where it is, but it isn't in our elected officials
at all. And it's not in Kathy Hokele, the immediate
push to gun control. It's so predictable, so incredibly predictable. Meanwhile,
(22:24):
charges have come against well, I should say charges on
that case.
Speaker 2 (22:32):
I actually want to move stories.
Speaker 1 (22:35):
Charges have come in the case in Cincinnati, which I
will get into, where of course you had a mob
attacking a man and a woman, and of course it
was racial because the mob was black and the people
attacked were white.
Speaker 2 (22:49):
No, not Rachel.
Speaker 1 (22:52):
Seems to me that if it was the other way,
that's all we'd be hearing about. That's all we would
be discussing. But two people have been charged. I'm surprised
it's only two. And I also heard that they were
(23:13):
already out on bond. These people should be in jail
for forever. How is it possible they're out on bond.
How is it possible? You have a police chief in
Cincinnati who is like you all watch this video of
these people being attacked. And that's the problem because the
video doesn't tell the whole story. The guy got kicked
(23:34):
in the face what four times? I think it tells
the whole story. This wasn't a response video, this was
an attack caught on video. The video doesn't tell the
whole story, now it does. You, as the chief of
police there in Cincinnati, are just weak, and you refuse,
refuse to say they were wrong because even though the
(23:59):
attack clearly is racial, you've decided that you shouldn't talk
about it because of race, which is racial.
Speaker 2 (24:09):
Man. And this is why people drink bourbon.
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