Verdict with Ted CruzTrump, Elon & DOGE-20 Incredible Days Cause Dems' Heads to Explode
Media Losing their Minds over Musk and DOGE also How this will Play out in the Weeks and Months Ahead plus What the Cuts at the Consumer Financial Protection Bureau Mean to You
Good Monday morning.
It is verdict was Centator Ted Cruz Ben Ferguson with you, Senator. It was a sleeper of a Super Bowl is just say the least. It wasn't that great of a game, but all of America I'm sure was watching.
Well.
It was a blowout and and congratulations to the Eagles for for a dominating night. All of the hopes of Kansas City having a three peet those were dashed almost from the from the kickoff. The Eagles dominated the game. It was uh, it was impressive to watch, although I got to say, the guy on that field sure didn't look like Patrick Mahomes, not the one we've uh uh we we we've come to expect and and and listen. The Eagles were expected to come in with a run game. Their run game didn't materialize, but Kansas City spent so much time trying to stop the run game that that that kind of short and short and medium pass game was there the entire night. And and they owned the game. Uh, from from the beginning to the end.
It was. It was truly incredible.
What was also crazy was the fact that we had the President United States of America that was a center point of being at this game and the media didn't like it. They're having a melt down about that, as they're also melting down about Doge.
Well, that's right, and we're going to talk about that. So I had dinner with President Trump Friday night along with a number of other Republican senators. We're going to talk about that. We're also going to talk about Doge. We are twenty days into the administration, less than three weeks, and the media and the Democrats are losing their mind over Elon Musk's efforts to cut government spending. We're going to break that down. We're going to talk about some of the egregious abuses that are being uncovered, but we're also going to walk you through what to expect how this is going to play out in the days and weeks ahead. We're also going to talk to you about the CFPB, the Consumer Financial Protection Bureau, which which is being ordered to halt all of their efforts right now and being ordered to halt that by their new acting head. We're going to break that down for you as well.
Yeah, really important story and it's going to affect a lot of people lives. Want to tell you real quick about the IFCJ. After more than a year of war, terror and pain in Israel, there is still a great demand for basic humanitarian aid. That is where the International Fellowship of Christians and Jews has supported and continues to support those in the Holy Land still facing the lingering horrors of war, and those who are in desperate need right now. Your ongoing monthly gift of forty five dollars will provide critically needed aid to communities in the North and the South devastated by the ongoing war, and your generous donation each month will deliver help to those in need, including evacuees and refugees from the war torn areas, also first responders and volunteers, wounded soldiers and elderly Holocaust survivors, families who have lost everything, and so many more. You can provide hope during a time of great uncertainty and the need is real. So to give a gift to bless Israel and her people, you can do that by visiting support IFCJ dot org. That's one word support if CJ dot org. You can also call to give eighty eight for eight eight I F CJ. That's triple eight for eight eight I F CJ eighty eight four eight eight four three two five or support IFCJ dot org. So let's just enjoy for a moment just how different this Super Bowl was than a year ago from a political standpoint. Uh, the President went, a lot of other conservatives showed up, other elected officials were there. Uh, the media was covering Donald Trump. He was talking at the before the super Bowl and during the flight and tweeting out about the government working for you, and Doge and and one of those.
Uh.
At CNN, Brian and Skelpter came out with an interesting tweet I think you saw it as well, where he said, I think think about it. A year ago, you could go days without seeing or thinking about Joe Biden. Now you're lucky if you can go hours without thinking about President Trump. His point is he's controlling everything, and now he says the Super Bowl is also the Trump Bowl.
I think it's amazing to watch this melt down.
Well, listen, the media is melting down. The Democrats are melting down. I gotta tell you. This past week I enjoyed a number of times turning to my Democrat colleague and colleagues and just dead padding. Well, three years and fifty weeks to go.
What's the response, Because I mean some of them you're friendly.
With that, they start twitching with no affect at all. I just just say those words, and I've yet to see a Democrat who doesn't start shaking at that thought. I mean, listen, there has never been in the history of a country a two weeks like this. And as I mentioned, I had dinner with President Trump on Friday. We had a retre treed of Republican senators down in Florida and we went to forty three of us went and had dinner with President Trump and mar A Lago Friday night. I got to tell you, the President was in in great mood. He was happy, he was energized, and and there's never been shock and awe. You know. Actually, I have a theory about this, and I have a theory about the speed and volume of what's coming, which is that the media, I believe has a specific quantum of outrage. And that quantum I call the arsenic quantum of outrage. Now what does that mean? Ben If you remember back to the first term of George W. Bush in two thousand and one, one of one of the first things Bush did is the EPA rescinded a rule concerning arsenic and it regulated how many parts per million of arsenic could be in water. And the media for weeks lit their hair on fire about how evil Republicans want to poison all our children with arsenic, and they just went on and on and on arsenic, arsenic, arsenik. It was on the six o'clock news night after night. Well, my theory is that is the amount of outrage they have, and when Trump does one hundred things, or two hundred things, or three hundred things, they have that same quantum of outrage, but they have to divide it up among everything, and so instead they just just light their hair on fire and begin running in circles.
It is weird.
And I was talking to a colleague of mine who worked in the first Trump ministruation and he's now working the second. And the way he described it to me on Friday, he said, Ben, in twenty sixteen, he goes go ask any center, any congressman that met with the president. The meetings revolved around around Okay, what are we going to do or what do we want to do? He said, this time, it's all right, this is what we are doing. And this is how we're going to do it, he said, it's a completely different mindset. Have you found that when you're having dinner at more of like, Hey, we're in charge, let's go down the field. Let's use the super Bowl now as he throw the long ball, and let's let's make the pass, and let's get the points on the board.
Well, listen, in twenty seventeen, when President Trump came into the White House, I don't think he was expecting to win. I don't think his team was expecting him to win. And and and and they came in and and he never worked in the federal government. Virtually every senior official in the Trump White House had never worked in the federal government. And so they came in and did not know how how the agencies operated. They they did. They did not understand the machinery they were attempting to turn around, and and and they didn't understand the deep state. They didn't understand the embedded career bureaucrats who were going to fight against them tooth and nail. One of the results is is they made some real mistakes when it came to personnel. Uh, they appointed people to senior positions to cabinet positions who ended up fighting against the president from day one. This time around, I think they've done a much better job with cabinet nominees and and they've hit the ground running. The level of preparation the executive orders they've rolled out, one after the other after the other, it is clear that they have had teams working on these orders for months, if not years, that that they came in with a fundamentally different level of understanding and sophistication about how the government operates, about what are the levers of power and authority within the government, and how you turn the machine and understand they're dealing with four years of Joe Biden the Democrats weaponizing every aspect of the federal government. Not just doj and FBI, We've talked a lot about that, but but weaponizing every grant they give, weaponize every program, weaponizing from agency to agency to agency. That the holistic approach that the Biden administration did, that every dollar they had was there to reward their political allies or to punish their political enemies. And sadly, it was all politics all the time. And I think that's a big part of the reason why if you look at what Elon Musk is doing it dough. She's he's going in and he and he's working around the clock. And and I know Elon well, he does not he does not sleep much. And he works and and and he is going at the federal government. And it's it's a remarkable thing. Ben I got to say, So Trump derangements syndrome has been a thing for a long time that Democrats in the media going nuts. Well there's now a new phenomena, new disease has come to Washington and and that's called Elon derangement syndrome.
It's almost worse in some ways.
I mean they this man has become like more hated and in some circles and even Trump, and that's hard to do.
So I'll tell you in exchange I had last week with several reporters, but it was following so I had a closed door briefing from the FAA and the National Traffic Safety Board on the horrific crash outside Reagan Airport. And as I came out, the reporters that we were talking about the accident and where the investigation is going. And reporters were asking, well, aren't you worried that Elon Musk is going to be involved in updating the technology for air traffic control. And I just started laughing, and I said, look, our air traffic control system is desperately in need of modernization. We are literally using nineteen fifties technology. We use radar and little slips of paper, that's how they do it. And you're telling me that one of the world's greatest technology CEOs who has ever lived, is willing to work for free to modernize the technology for air traffic control, to use GPS and current technology rather than nineteen fifties technology to take us into the twenty first century. And you somehow think that is a bad thing. And I got to say, the reporters were just bewildered. They're just like, no no elon bad Trump bad. That that's the extent of analysis they're capable of.
You look at the access that he's also gained, and it is to fifteen different government agencies. The President has made it very clear now he believes this as part of his mandate why the American people sent him to Washington. And he said this in an interview on Sunday for Super Bowl Sunday with Brett Bher where there's some people trying to Honormine, and I think this is the machine going after a Musk. They're trying to undermine and they're trying to somehow get him kicked out of this or to have some sort of press conference where Elon Musk is no longer with us and working in you know, in the government. We've we've dismissed him. That's what they're clearly, it's like a way of impeaching him in essence, and and Brett asked the question like, do you does he have your full faith? Because this is where the media is going, right, and so he's like, does does he still have your full support? And I want everybody here, this is what Trump said.
I don't know if it's kickback, so what's going on? But the people, look, I ran on this and the people want me to find it. And I've had a great help with Elon Musk, who's been terrific. I'm one you say you trust him, Trust Elon. Oh, he's not gaining anything. In fact, I wonder how he can devote the time to it. He's so into it. But I told him to do that. Then I'm going to tell him very soon, like maybe in twenty four hours to go check the Department of Education. He's going to find the same thing. Then I'm going to go go to the military. Let's check the military. We're going to find billions, hundreds of billions of DIFE is a fraud and abuse. And you know the people elected me on that.
People elected me.
He's listening to the people and that's why it's populated right now. Is about fifty percent fifty three percent in one of the polls today.
Well and understand what Elon is doing. So so Elon this weekend he tweeted the following quote. To be clear, what the DOGE team and the US Treasury team have jointly agreed makes sense. Is the following require that all outgoing government payments have a payment categorization code, which is necessary in order to pass financial audits. This is frequently left blank, making audits almost impossible. All payments must also include a rationale for the payment in the comment field, which is currently left blank. Importantly, we are not yet applying any judgment to this rationale, but simply require that some attempt be made to explain the payment more than nothing. The okay, and just just keep listening. Because this is so simple that for government at shocking. The do not pay list of entities known to be fraudulent, or people who are dead or are probable fronts for terrorist organizations, or do not match congressional appropriations must actually be implemented and not ignored. Also, it can currently take up to a year to get on this list, which is far too long. This list should be updated at least weekly, if not daily. The above super obvious and necessary changes are being implemented by existing, longtime career government employees, not anyone from DOGE. It is ridiculous that these ch didn't exist already. Yesterday I was told that there are currently over one hundred billion dollars a year of entitlement payments to individuals with no Social Security numbers or even a temporary ID number. If accurate, this is extremely suspicious. When I asked if anyone at Treasury had a rough guest for what percentage of that number is unequivocal and obvious fraud, the consensus in the room was about half, so fifty billion a year or one billion dollars a week. This is utterly insane and must be addressed immediately.
Why would anyone be angry at that? And I say that look is a rhetorical question. The people that don't want you to find this out are clearly the ones that are abusing the system for whether it's their corruption, family friends. The list goes on and on that has been mentioned there. But if you are a taxpayer, I don't care if you're a Republican or Democrat. You should want to know where your money's going and want to know if there's waste fraud abuse, so we get rid of it because it could mean that we're all paying way more in taxes than we ever could have imagined. We should be able to pay to get great services at a much lower rate because you get rid of all the fraud abuse.
Well, i'll get I'll give you another interesting data. Do you know what has what the median household income is in Washington DC. It's one hundred and twenty one thousand a year. That's the median. The national median is eighty two thousand dollars a year, So Washington d C. Is fifty percent greater. And by the way, compare that to the only place higher is California's Bay Area. So Washington DC has a higher median income than New York ninety five thousand Bridgeport one hundred and eleven thousand, Chicago eighty seven one thousand, Dallas eighty six thousand, Baltimore ninety four thousand, New Orleans sixty one thousand, Boston one hundred and ten thousand, Raleigh ninety six thousand, San Diego one hundred and three thousand, Los Angeles ninety one thousand, Honolulu one hundred and three thousand, Washington, d C. One hundred and twenty one thousand. Right at the.
Top question you got to ask yourself, is I wonder why could it be? There's so many people there that are getting hookups with the government and jobs and making sure money is spent and going to the right places that they get compensated very well for that.
Well, there are a ton of people a and senior government jobs that are making six figure incomes and many of the government buildings are empty. That the average across the federal government right now for showing up to work is five to eight percent of the employees, and they're adamant that they have an entitlement to do this, that it is horrific to expect them to show up to work. They're also armies of lobbyists and contractors and people getting rich off government, and so those two together are are operating powerfully. And it's interesting that Elon has been able to affect such significant change simply by starting with saying, where is the money going? Show me the flow of cash going out the door. I want to see it dollar by dollar. That that is a threat right to the heart of the deep state and and the corruption machine the Democrats have had for a long time.
Well, let me ask you another question about dinner. And you are one of those that this is a compliment. If you've ever had dinner with you, you're a working dinner guy. You're one of those that just likes to get stuff done. I think that's probably one of the reasons why you and Eli get well get along so well. You're having these dinners now where you're getting stuff done, and in government that's not always the case. How happy and how much fun is it for you personally to know now that when you're going into these meetings with Trump and these other senators like you guys are actually getting to do your job, Because I know that's driven you crazy over the years when you just feel like you're just spinning your wheels because governments spinning their wheels and not getting stuff done?
Is this like that? Is this what made you want to get into politics and to serve.
Listen, it is fun and it is exciting because we have a unique opportunity right now. You look at the mandate from November. Obviously, the people re elected Donald Trump. They elected a Republican Senate, not just a Republican Senate with a relatively big majority. Fifty three Republicans is sizeable in the Senate. They gave us a majority in the House, albeit a very narrow one. We have an opportunity to accomplish an enormous amount. And I'll tell you, Ben, it's fun and exciting, but there's also a seriousness to this. We can't screw I think failure is not an option and and so I'm jumping out of bed every day. I am excited to go. And you look at the work, all right, and you see everything Elon's doing. Here, here's a story that broke that gives you the sense of why there's so much work to be done. Headlined from the weekend, Biden admin filled terrorist coffers with over one billion, three hundred million dollars before Trump took wrecking ball to foreign aid and I'm just going to just start with that article. More than one point three billion dollars in taxpayer funds from the Biden administration ended up helping groups that sponsored or committed terrorism, and the biggest part of that was to UNRA, the United Nations Relief and Work Work Agency. The Biden administration gave one billion, fifty three million and four hundred thous thousand dollars in US taxpayer money to UNRA and an UNRA. Remember but by the way, under Trump, initially there was a ban on unrefunding because they have been so intertwined with Hamas and Hamas terrorists. We now know that in the wake of October seventh, you had Hamas terrorists on the UNRA payroll.
And yet yeah, that's a fact. By the way, we need to make that clear. That is one hundred percent confirmed. It is a fact.
Here is intelligent. This is also from the article quote. Intelligence officials later revealed that more than one thousand UNRA employees, or around ten percent, were linked to the groups Hamas and Palestinian Islamic Jihad. According to documents found on the bodies of dead terrorists and other evidence, ten percent of their employees were linked to Hamas and Palestinian Islam Jahad, and the Biden administration right up till the last day was shoveling cash. And I got to say, it's one of the things that I think is most offensive about what Biden the Democrats did is they didn't just spend four years pushing a radical agenda, but after election day, when the voters made clear, we don't like this agenda, we want to change course. Right up until the moment Trump was sworn in, they did everything they could to frustrate the ability of the new administration to turn things around. I've never seen a president do that. To the best of my knowledge, We've never had one do that, and it really demonstrates a contempt for the voters.
This goes back you just mentioned contempt of the voters. Democrats now trying to figure out their footing. They had Alamomar who went on TV today saying that Trump has decided he will not abide by the constitution, just throwing it out there, and then she says, by the way, every exact kive order that's been to court now has been shut down by the court.
That's a lie, not true.
But even face the nation try to softly correct her because they want this to be true, right, And then there's this new threat of like, all right, we'll just shut down the government. I kind of laugh because for many concerns are like, great, let's shut it down and save some money for a while. I wish it worked that way. I wish it was that simple. It's obviously not. But this is the new temper tantrum of the left. They're saying, if we aren't in charge, then we want to destroy what the government does. Well, we want to hurt people, and we want to shut down the government to hurt people. So you'll blame Donald Trump. That's what this is really all about.
Am I wrong?
Well, look, understand, there's a battle going back and forth, and at some level, this battle is inherent in the structure of our government. It's inherent in the Constitution. Congress. Under Article one, all legislative power is vested in the Congress of the United States. Congress passes the laws, the President signs into law, and that are then binding federal law. The executive all executive power is vested in the President of the United States. That's under Article two of the Constitution, and the president is charged with has given the authority to and also the responsibility to quote take care that the laws be faithfully executed. That's the Constitution's language, and so a lot of you know, it's interesting as I travel around and talk to people back back home in Texas or around the country, they ask, Okay, so is what Elon's doing? Is what Trump is doing cutting off funding at USAID pausing other funding? Is that going to stick? And this is a battle back and forth between the executive and legislature that has occurred since the very first days of the Republic. And one of the things right at the heart of this battle is about something called impoundment. Now, what is in pound mean? Impoundment is when the president of the United States decides not to spend money that has been appropriated by the US Congress. Now you might ask, okay, is impoundment some crazy theory that Donald Trump cooked up or Elon Musk cooked up? Well, no, no, impoundment has been around for more than two hundred years. The first president to exercise impoundment was Thomas Jefferson, and he did so in eighteen oh one. And if you look at what Thomas Jefferson did, the first use of impoundment involved a refusal to spend fifty thousand dollars, which fifty thousand dollars in twenty twenty three dollars is about one point twenty four million in funds that were appropriated for the acquisition of gunboats for the United States Navy, and Thomas Jefferson said in eighteen oh three that quote, the sum of fifty thousand dollars appropriated by Congress for providing gunboats remains unexpended. The favor and peaceful turn of affairs on the Mississippi rendered an immediate execution of that law unnecessary. Now, Jefferson did so, and in the years that went on, presidents did so for two hundred years. Now what happened, well, in the nineteen seventies, Richard Nixon had a battle with Congress, and Congress got angry with Richard Nixon and felt he was using impoundment too aggressively, and Congress passed a law called the Congressional Budget and Impoundment Control Act of nineteen seventy four that purported to remove the power of impoundment, or at least to severely curtail it. And the Supreme Court heard a decision. It was a decision called Train versus City of New York, where the Supreme Court upheld the Impoundment Control Act and significantly red reduced the president's power to exercise impoundment. Now, by the way that there was a subsequent wrinkle in this in that Congress came back afterwards and passed a bill called the Line Item Veto Act of nineteen ninety six. This happened after the Republican takeover of Congress, Knut Gingrich came in, and the line Audam Veto Act gave the president the power of line Adam Vito, which Bill Clinton used on the federal budget eighty two times. However, that law was struck down in nineteen ninety eight by the Supreme Court. It was a five to four vote. Actually, my former boss and very good friend, Chuck Cooper, the man who taught me how to be a lawyer, argued that case. Unfortunately, he was on the losing side of that case and lost five to four. The point what Elon is doing and what Trump is doing, there's a long history of presidents saying I don't want to spend money is wasteful and I'm not going to Now there's also a history of Congress pushing back what's likely to happen. There is already and there will be more a crap ton of litigation challenging these actions. We're seeing Democrat attorneys general bringing lawsuits. We're going to see Democrat interest groups being bringing lawsuits. We're going to see activist judges striking down actions executive orders. And this is going to test the legal boundaries. At the end of the day. Part of what is going on is this is designed to go to the Supreme Court and to restore the power of impoundment to the president. I think that would be a very good thing. I think it is consistent. It is an inherent authority of the president to exercise the authority of impoundment. But understand, we're going to see a mitigation battle Royale and it'll take in all likelihood.
So this is that you're saying, this is a fight that we want to go to the Spring Court and and and if it does go to the Supreme Court and it plays to our advantage the way that you're describing it with the law, how long is it going to take us to get it there?
Probably a couple of years, two to three years.
So and so in the next two or three years, we're going to be just dealing with pure fights with with the media. Democrats coming after and trying to stop everything that they're trying to cut with waste, fraud, abuse.
Yes, and and understand Elon and Doze that they're embodying right now, the Silicon Valley mantra of move fast and break things. I mean, that's what they're doing. Not everything that they do is going to be upheld. There will be injunctions issued, and I think they understand that, and I think they're trying to They're trying to implement the mandate that came from the voters as rapidly and effectively as possible. Listen. One, I'm excited about that. And and I think if you look at some of the egregious abuses that have been uncovered so far, it gives an illustration of just how important this is.
Before we move on to the federal financial watchdog order to ce se activity, and that's important we're gonna do with that. In a second, one final question on this, we could go back I think whenever the sale was a year and a half whatever it was, when Elon Musk took over Twitter and we saw the Twitter files and then we saw the corruption. I actually think you can trace this all the way back to there. When people really start paying attention to saying I don't trust the government. You add COVID in there, and the lies of the vaccine and the and the two weeks stuff, the spread, and then we want into virology, and then the lies over the hunter Byden laptop. And there started to be these moments that were big where people are like, Okay, maybe I shouldn't be so trusting of the news, Maybe I shouldn't be trusting of the government, the deep state, the president, and then you have him take over or Twitter now X. Part of the reason why I think Donald Trump's having so much success now is because we're getting the word out about the waste and the fraud and getting the line out of it, and people are seeing it. Because before you go back twenty sixteen, center, big tree falls in the forest, no one's around.
Does it make a sound, right? The answer is no.
But now what we're getting in the info that we're getting and it's getting out because big tech can't suppress it on X, how valuable is that to saving our democracy?
Look, I think it's incredibly valuable. I believe Elon Musks buying Twitter was the most important development for free speech in modern times because it turned around the rampant censorship from big tech. It put positive pressure on the rest of big tech, and it created a vehicle for the truth to get out. So you know, we've gone through in previous podcasts all the examples, not all the examples, but a number of examples of abuse. Of spending two million dollars for sex changes in Guatemala. Now, who the hell can defend that? Why US taxpayers are paying for sex changes in Guatemala money to the BBC, the British Broadcasting Corporation, By the way, that why the hell are American taxpayers paying for the BBC? The last I checked, the United Kingdom is a major developed country. They can pay for their own damn television station. What we need? What do we need to pay for that? And what's amazing is the Democrats are just digging in. Give a listen to Senator Chris Coons defending spending twenty million dollars on American taxpayer money for Sesame Street in Iraq. Give a listen.
Is funding Sesame Street a judicious use of soft power? Well, Michael the way you put it is the way I hope folks considering your poll today will think about it. This isn't just funding a kid show for children, millions of children in countries like it's a show that helps teach values, helps teach public health, helps prevent kids from dying from dysentery and disease, and helps push values like collaboration, peacefulness, cooperation in a society where the alternative is isis extremism and terrorism. And to your point, it's pennies on the dollar. The US Department of Defense has an annual budget of about eight hundred and fifty billion dollars. USAID was spending about thirty billion dollars. It is a small proportion of our total federal spending. And as Joe and I would often say, it's not just soft power, it's smart power. Let me leave you with one other quote, Michael, if I could, Jim Mattis, who is a four star Marine Corps general and Trump's Secretary of Defense in his first term, in a hearing back then said if you slash development and AID spending, then I'm going to need more bullets for our troops.
I mean, you want to talk about stretching he's saying, Sesame's He's going to save us from extremism?
Are we kidding ourselves?
Well, look, the Democrats are dug into defending everything to defending all of the money that was just flowing out with no checks whatsoever. And I think these examples are having a real effect of pissing people off, saying, why is my money going to that? By the way, if Democrats think that's such a good idea, let them give their own money for that. But what right do they have to take your money that you're working hard to provide for your kids and your family, to take it and spend it on every radical agenda item they want to push. That's what's been happening. It happened at egregious levels under the Biden administration, and I think that's what Trump's working very hard to turn around.
Yeah, great point.
Finally, I want to ask you about this because I think it should be on listeners, radar screen. It's an important issue. The New York Times is coming out talking about this. The federal financial watchdog has been ordered to see activity, known as the Consumer Financial Protection Bureau. Why is this happening and what does this mean?
Well, the CFPB the Consumer Financial Protection Bureau was was created by the Dodd Frank Law. This is a creation of Elizabeth Warren and and and it is. It has descended like locusts putting putting all sorts of regulations and costs. It brings abusive litigation. It is it is an avenue for for left wing bureaucrats to try to control community banks, smaller financial institutions, and to drive up costs. And the CFPB. I've introduced repeatedly legislation to eliminate the Cfpbuh. What happened this week is russ vote was confirmed leave the Office of Management and Budget. And Russ's is a good friend. He's a good guy. He he ran omb under Trump during the first term. And Russ was just confirmed. We just confirmed him this past week to run o and be again. And on Friday he was also named the acting director of the of the Consumer Financial Protection Beer the CFPB, and as a result, he issued an order for them to halt what they're doing. So one chunk of it. So the way Elizabeth Warren structured it, Congress does not appropriate money to the CFPB, which is weird. By the way, if you look at virtually every federal agency, Congress appropriates money for them. That's part of the checks and balances of how the federal government is set up well. Dodd Frank instead has the CFPB funded with money from the Federal Reserve that flows automatically, so Congress doesn't get to appropriate and engage in the oversight that comes with that. So, as a result, on Saturday, Russ Vote wrote that he had notified the Federal Reserve that the CFPB quote will not be taking its next straw of unappropriated funding because it is not reasonably necessary to carry out its duties. The bureau's current balance of seven hundred and eleven point six million dollars is in fact excessive in the current fiscal environment. This spigot, long contributing to CFPB's unaccountability is now being turned off. That is fantastic. And I'll tell you what. I've introduced legislation that will zero out the CFPB, that will shut it down permanently. I believe we will get that done as part of budget reconciliation, and so eliminating the CFP would be a major victory for lowering inflation, for lowering burdensome regulation, for lowering the nanny state control of big government, and if we get that done, that's a huge victory. I'll tell you Russ vote taking over as acting director in the past few days was a major step forward in that regard.
Yeah, incredible. Don't forget. We do this show Monday, Wednesday, Friday. Hit that subscribe or auto download button so you don't miss an episode.
Please run us a five star review. It helps us reach.
More people and tell your family and friends again about this show as it continues to grow, especially with all the news we're giving you in this new Trump Ara. It's a lot of fun. Don't miss an episode. We'll see you back here Wednesday morning.
