Latest / The Ben Ferguson Podcast / A Historic Year of Victories
Transcript
- 0:01Speaker 1: Welcome in as verdict with Centator Ted Cruz, Ben Ferguson
- 0:04Speaker 1: with you and Senator This is one of those fun
- 0:06Speaker 1: shows we get to do towards the end of the year,
- 0:08Speaker 1: and that's talking about the GOP open up a canawhoop
- 0:11Speaker 1: pay on the Democrats, especially in the Senate. We had
- 0:14Speaker 1: big wins for the American people that are going to
- 0:18Speaker 1: have a real impact, especially on a lot of Americans
- 0:22Speaker 1: millions in twenty twenty six from many of the laws
- 0:25Speaker 1: that were passed are actually enacted on a scala one
- 0:28Speaker 1: to ten.
- 0:29Speaker 2: How excite are you about the results from this year?
- 0:32Speaker 3: Thirty seven?
- 0:33Speaker 2: Thirty seven? Okay, I like that.
- 0:35Speaker 4: Look this year, it is not an exaggeration to say
- 0:41Speaker 4: we had historic victories in the Senate. We had victories
- 0:45Speaker 4: at a order of magnitude we've never seen. And so
- 0:49Speaker 4: this show, we're just going to walk through all of
- 0:50Speaker 4: the victories we've.
- 0:51Speaker 3: Won in the Senate.
- 0:52Speaker 4: I'll tell you, in my thirteen years in the Senate,
- 0:55Speaker 4: I have never had a year like this with so
- 0:58Speaker 4: many major victories, with how many accomplishments that are lasting
- 1:03Speaker 4: and transformational and and and look we came in and
- 1:07Speaker 4: started the year with President Trump being sworn in and
- 1:10Speaker 4: the Trump administration hit the ground running with with a
- 1:14Speaker 4: head of steam. But the Senate and the Senate is now,
- 1:19Speaker 4: Congress is out now for Christmas. We'll come back after
- 1:22Speaker 4: New Years. What we accomplished this year is transformation. All right.
- 1:29Speaker 3: Let's start with the board. We came in.
- 1:32Speaker 4: The border was wide open, the worst illegal immigration in history.
- 1:36Speaker 4: We now have a president and an administration that will
- 1:38Speaker 4: follow the law. Illegal border crossings dropped more than ninety
- 1:42Speaker 4: nine percent.
- 1:43Speaker 2: That is static, incredible.
- 1:45Speaker 1: Tom Holman at the White House this week was talking
- 1:47Speaker 1: about he's worked under I think it's five six presidents.
- 1:50Speaker 1: Crazy and he's like, I've never seen something like this
- 1:53Speaker 1: where we have like zero illegal immigration because we secured
- 1:56Speaker 1: it and we said you're not going to get away
- 1:58Speaker 1: with it.
- 2:00Speaker 4: And if you look legislatively, by far, legislatively, the biggest
- 2:04Speaker 4: accomplishment was the Reconciliation Bill that President Trump signed on
- 2:08Speaker 4: July fourth. It's interesting that used to be called the
- 2:12Speaker 4: one big beautiful bill. You will now see just about
- 2:16Speaker 4: every Senator referring to it as the working Family's tax cut.
- 2:21Speaker 4: Same bill, and there's a reason, which is they did
- 2:23Speaker 4: a bunch of polling and the Working Family Tax Cut
- 2:26Speaker 4: polls about forty points better than the one big beautiful bill,
- 2:30Speaker 4: And so it happens to be a major tax cut
- 2:33Speaker 4: for working family. So the Working Family's tax cut is
- 2:36Speaker 4: an accurate name. But you're going to notice everyone calling
- 2:39Speaker 4: it the working Family's tax cut. Now that legislation, and
- 2:45Speaker 4: this no hyperbole, has more conservative victories in it than
- 2:49Speaker 4: any bill that's ever passed into law, I believe in
- 2:52Speaker 4: the history of the Republic.
- 2:54Speaker 3: Let's break it down.
- 2:55Speaker 1: I'll just say, what are the big ones for bal
- 2:57Speaker 1: Because there's some in there that there's been quote frustration.
- 3:01Speaker 1: I think a lot of this is the left in
- 3:02Speaker 1: the media trying to drum up that Donald Trump's not
- 3:05Speaker 1: getting it done for you.
- 3:06Speaker 2: He forgot about you.
- 3:07Speaker 1: So much of what people need to understand is the
- 3:11Speaker 1: passing of this bill means the enacting of the bill
- 3:14Speaker 1: in twenty twenty six.
- 3:16Speaker 4: Yeah, many of the provisions go into effect in twenty
- 3:19Speaker 4: twenty six. You're going to start seeing the real benefits
- 3:22Speaker 4: in the economy kicking in in force in twenty twenty six.
- 3:26Speaker 4: All right, Look, the Working Family's Tax cut, the biggest
- 3:29Speaker 4: element of it was extending and making permanent the Trump
- 3:32Speaker 4: tax cuts. If we had not done that in two
- 3:36Speaker 4: weeks on January first, there would have been a four
- 3:39Speaker 4: trillion dollar tax increase that would have been crippling to
- 3:43Speaker 4: the economy. So making those tax cuts permanent is enormously important.
- 3:47Speaker 4: We also made them bigger, so we passed no taxes
- 3:50Speaker 4: on tips. That was my legislation. By the way, people
- 3:53Speaker 4: will start seeing the benefits of that next year. So
- 3:56Speaker 4: if you're a waiter, if you're a waitress, if you're
- 3:58Speaker 4: a bartender, if you work in a nail salon, if
- 4:01Speaker 4: you're a taxicab driver, that the millions of Americans who
- 4:04Speaker 4: rely on tips are going to see real, meaningful tax relief.
- 4:09Speaker 4: We've also got no tax on overtime, millions of Americans
- 4:13Speaker 4: who earn a significant portion of their income on overtime
- 4:17Speaker 4: that's now tax free. No tax on Social Security for
- 4:20Speaker 4: the millions of seniors at home relying on Social Security.
- 4:24Speaker 4: All three of those are going to effect in twenty
- 4:26Speaker 4: twenty six. All three of those are going to provide
- 4:29Speaker 4: really meaningful relief.
- 4:31Speaker 3: What else do we have?
- 4:34Speaker 4: You look at the investments that we have over one
- 4:38Speaker 4: hundred billion dollars in secure in the border. So Trump
- 4:42Speaker 4: is enforcing the law that was critical that produced the
- 4:45Speaker 4: immediate drop. And now we provided the funding to build
- 4:48Speaker 4: the wall, to put in technology, to hire border patrol,
- 4:52Speaker 4: to hire ice, to invest in law enforcement. All of
- 4:55Speaker 4: that is designed to make these massive improvements stick. That is,
- 5:02Speaker 4: as a conservative, there's never been a one hundred billion
- 5:05Speaker 4: dollar investment in securing the border.
- 5:07Speaker 2: You know, it's interesting.
- 5:08Speaker 1: I was speaking yesterday to a realator group. They asked
- 5:12Speaker 1: me to come and speak, and they said to me,
- 5:13Speaker 1: they never could have imagined that securing the border would
- 5:18Speaker 1: have such a positive impact as they've described it for
- 5:22Speaker 1: American families. They said they were witnessing over the last
- 5:25Speaker 1: basically four and a half years, the age of first
- 5:30Speaker 1: time home buyers had skyrocketed, where home ownership was unattainable
- 5:35Speaker 1: for families, young families in their thirties. It was now
- 5:38Speaker 1: getting to be forty before people were getting the first.
- 5:40Speaker 2: Time home buyer. Rent had gotten out of control.
- 5:43Speaker 1: And they said they can't wait for twenty twenty six
- 5:47Speaker 1: because they are seeing now with two million plus deportations,
- 5:51Speaker 1: people have stopped coming across the border illegally. They believe
- 5:54Speaker 1: it's going to be a great year for American families
- 5:57Speaker 1: and first time home buyers because now you're not having
- 5:59Speaker 1: to con pete with so many illegal immigrants.
- 6:02Speaker 4: Well, and we covered that on Wednesday's pod, that the
- 6:05Speaker 4: new data came out that showed rents dropped significantly, and
- 6:08Speaker 4: they dropped significantly because the President has deported two million
- 6:12Speaker 4: people who are here illegally. Those people are now not
- 6:15Speaker 4: buying homes, they're not running apartments and supply and demand.
- 6:19Speaker 4: That means that it drives down the cost of a home.
- 6:22Speaker 4: It drives down the cost of rent for Americans.
- 6:26Speaker 1: Yeah, it really does. It's incredible. And that's just one
- 6:29Speaker 1: of those massive victories. And it's not just that, it's
- 6:31Speaker 1: also the national security part of this.
- 6:33Speaker 2: I mean, really, do you hear.
- 6:34Speaker 1: Home prices and national security really to one simple issue
- 6:38Speaker 1: that's something that you had been fighting so hard on
- 6:40Speaker 1: to another victory.
- 6:42Speaker 4: Well, and in the Working Families tax cut, we invested
- 6:44Speaker 4: one hundred and fifty billion dollars in rebuilding the military
- 6:48Speaker 4: so we can stand up to our adversaries, so we
- 6:50Speaker 4: can stand up to China and the other enemies.
- 6:52Speaker 3: We have across the globe.
- 6:54Speaker 4: And the way it works in the Senate is when
- 6:57Speaker 4: you're drafting that bill. Each committee chairman drafts whatever is
- 7:02Speaker 4: in their jurisdiction. So I am the chairman of the
- 7:04Speaker 4: Senate Committee on Commerce, Science, and Transportation. That committee covers
- 7:09Speaker 4: about forty percent of the US economy. What that means
- 7:11Speaker 4: is that everything within that jurisdiction I wrote.
- 7:15Speaker 3: I had the lead pen and wrote.
- 7:19Speaker 4: So, for example, one thing that is in the Commerce
- 7:22Speaker 4: jurisdiction is the Coastguard. So we invested twenty four and
- 7:26Speaker 4: a half billion dollars in.
- 7:29Speaker 3: The Coast Guard.
- 7:30Speaker 4: Now, to give you a sense of how important that is,
- 7:33Speaker 4: how significant that is. What what do you think the
- 7:35Speaker 4: annual budget of the Coastguard is?
- 7:37Speaker 2: I honestly have no clue.
- 7:39Speaker 4: It's between eleven and twelve billion. Okay, So we invested
- 7:43Speaker 4: more than two hundred percent the annual budget of the
- 7:46Speaker 4: Coast Guard into the Coast Guard.
- 7:48Speaker 3: I mean, I mean it is.
- 7:49Speaker 1: Store were purposely and deliberately underfunded by the Left and
- 7:52Speaker 1: the Biden administration because they didn't want them to be
- 7:54Speaker 1: able to do this job.
- 7:56Speaker 4: Well, look, it was what we were investing. And let
- 7:58Speaker 4: me tell you what we invested. It was specifically in capital,
- 8:01Speaker 4: so rebuilding infrastructure, building new ships, building new helicopters, and
- 8:06Speaker 4: a massive portion of it is polar ice cutters.
- 8:09Speaker 3: So polar ice cutters in the Arctic.
- 8:12Speaker 4: We're getting our asses kicked by China and by Russia,
- 8:16Speaker 4: and we don't have the capability right now.
- 8:19Speaker 3: To build Arctic ice cutters.
- 8:21Speaker 4: Well, we've invested billions in building new ice cutters. And
- 8:24Speaker 4: the beauty of it is that's bringing shipbuilding back to
- 8:27Speaker 4: the United States. One company, Davies, announced a billion and
- 8:31Speaker 4: a half dollars investment in a shipyard in Galveston, Texas
- 8:35Speaker 4: to build those ships. Let us compete with China, but
- 8:38Speaker 4: also bringing manufacturing capacity back to the United States.
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- 9:37Speaker 1: You'll have the option to receive a one time auto
- 9:40Speaker 1: dialed text message from my Heart Media Center. There was
- 9:43Speaker 1: so much a focus on the economy and this last
- 9:47Speaker 1: year and the wins, but there were some really big
- 9:50Speaker 1: wins within that. One of them deals with the airwaves,
- 9:54Speaker 1: and it deals with national security, It deals with people
- 9:57Speaker 1: and what you can have access to explain this big
- 10:00Speaker 1: win because it didn't get as much media attention as
- 10:02Speaker 1: it probably should have.
- 10:03Speaker 3: Yeah.
- 10:03Speaker 4: Look, as you know, my number one priority is jobs, jobs, jobs, jobs.
- 10:09Speaker 4: There are lots of major wins this year that we
- 10:12Speaker 4: passed into law that are impacting job creation, that are
- 10:16Speaker 4: creating more high paying jobs in Texas and all across
- 10:18Speaker 4: the country. One of the big ones is spectrum. Now,
- 10:21Speaker 4: what is spectrum? Electromagnetic spectrum is how everything communicates, how
- 10:25Speaker 4: how our cell phones work, how Wi Fi works, how
- 10:29Speaker 4: TV and broadcasts and everything goes out over spectrum. The
- 10:34Speaker 4: largest holder of spectrum in the United States is the
- 10:37Speaker 4: United States government. The United States government has massive quantities
- 10:41Speaker 4: of spectrum that it owns that are not available to
- 10:43Speaker 4: the private sector. I wrote into the Working Families Tax
- 10:47Speaker 4: cut a mandate that the federal government auction off eight
- 10:51Speaker 4: hundred megahertz a spectrum to the private sector. Now, now
- 10:54Speaker 4: what does that mean. That means that in the coming
- 10:57Speaker 4: years that is going to generate over one hundred billion
- 11:02Speaker 4: dollars for the US government. I mean, the spectrum is
- 11:05Speaker 4: incredibly valuable. That's real money that goes directly to the
- 11:10Speaker 4: US Treasury. Now, why will it generate over one hundred
- 11:13Speaker 4: billion dollars? Because that spectrum is incredibly valuable. Number one,
- 11:17Speaker 4: it's it's it's valuable for our phones. It's valuable to
- 11:21Speaker 4: beat China in the race for five G and then
- 11:25Speaker 4: beat China and the race for six G. And you've
- 11:28Speaker 4: got to have the spectrum to invest in that. What
- 11:30Speaker 4: that means is you're gonna see You're gonna see the
- 11:32Speaker 4: big phone companies. You're gonna see AT and T and
- 11:34Speaker 4: Verizon and Sprint investing tens of billions of dollars into
- 11:40Speaker 4: new capacity to use that spectrum. All of that means
- 11:43Speaker 4: more jobs. That means more people setting up towers, more
- 11:46Speaker 4: people building that innovation, and also it supercharges the tech world,
- 11:53Speaker 4: much of the AI world. Winning the race for AI
- 11:56Speaker 4: having that spectrum available means the private sector they can
- 12:00Speaker 4: compete for all sorts of different uses for using that spectrum.
- 12:04Speaker 4: And I'll tell you that was not an easy battle,
- 12:07Speaker 4: because most of that spectrum that the government holds is
- 12:10Speaker 4: either the Department of War or the intelligence agencies have
- 12:13Speaker 4: them and they don't like to give them up. We
- 12:16Speaker 4: won that fight. That will generate thousands and thousands of
- 12:20Speaker 4: that will produce thousands and thousands of new jobs. Another
- 12:24Speaker 4: big win in the Working Family tax cut is air
- 12:28Speaker 4: traffic control modernization.
- 12:30Speaker 1: In that bill we certainly needed, by the way, like
- 12:32Speaker 1: I as I think people understand how desperately the need
- 12:36Speaker 1: was for modernization. What the Trump administration inherited. You and
- 12:40Speaker 1: I both remember the very first night a dear friend
- 12:43Speaker 1: of ours became the cabinet member in charge of Transportation,
- 12:46Speaker 1: Secretary John Duffy. The first night he and his family
- 12:51Speaker 1: went into his building where his office was going to
- 12:53Speaker 1: be and we had that horrific crash with a helicopter
- 12:56Speaker 1: that came across and hit that plane at Reagan National
- 12:59Speaker 1: wife was in the air that night, and it brought
- 13:02Speaker 1: up even a bigger issue like how does this happen?
- 13:05Speaker 1: And we realized there was a massive modernization that was
- 13:09Speaker 1: desperately needed for the safety as more and more planes
- 13:12Speaker 1: are flying each and every day. You fly every week,
- 13:14Speaker 1: I fly almost every week as well. I want to
- 13:17Speaker 1: know I'm safe. I want to know when my family's
- 13:19Speaker 1: on a plane that they are safe. And this is
- 13:21Speaker 1: something that's good for every American that flies well.
- 13:24Speaker 4: And we had two major victories this year in the
- 13:28Speaker 4: Senate on aviation safety. The first was in the Working
- 13:32Speaker 4: Family Tax Cut. We invested twelve and a half billion
- 13:36Speaker 4: dollars in terms of modernizing our air traffic control. Air
- 13:38Speaker 4: traffic controllers right now in the tower. If you look
- 13:42Speaker 4: at the technology they've been using, it is literally nineteen
- 13:45Speaker 4: fifties and nineteen sixties technology. They're using radar, they're using
- 13:49Speaker 4: little slips of paper, they're using floppy disc. They have
- 13:52Speaker 4: computers with floppy disc. When I talk to anyone under thirty,
- 13:55Speaker 4: they don't know what a floppy disk is but saying
- 13:58Speaker 4: that's the technology that they're using. So there's twelve and
- 14:00Speaker 4: a half million dollars. They've been the FAA, the Trump
- 14:04Speaker 4: administration has been ripping up copper wiring that was failing
- 14:08Speaker 4: and replacing it with fiber. They'd been getting new and
- 14:11Speaker 4: updated computers, getting new technology, all designed so the air
- 14:15Speaker 4: traffic controllers can know where the planes are and can
- 14:19Speaker 4: manage the airspace to avoid collisions. You know, you mentioned
- 14:23Speaker 4: the horrific accident that happened over d C. Ronald Reagan
- 14:27Speaker 4: Airport at the end of January. That accident, an American
- 14:31Speaker 4: Airlines flight was flying from Wichita, Kansas, landing at d C.
- 14:35Speaker 4: Reagan and as you know, it hit an Army black
- 14:40Speaker 4: Hawk helicopter. Sixty seven lives perished that instant. As you noted,
- 14:46Speaker 4: Heidi was literally in the air scheduled to land at Reagan.
- 14:50Speaker 4: About an hour after that, I was sitting at dinner.
- 14:53Speaker 4: I was having dinner with Mike Waltz, who was at
- 14:55Speaker 4: the time President Trump's National security advisor. Now he's the
- 14:58Speaker 4: Ambassador of the UN in Mike's a good friend of mine,
- 15:01Speaker 4: and we were at dinner when we both got notified.
- 15:04Speaker 4: In fact, my body man who you know, he came
- 15:07Speaker 4: up and thankfully he did this right. He started with
- 15:10Speaker 4: Heidi's okay, but I need to tell you what just happened,
- 15:12Speaker 4: and that was a good way to start. I'm glad
- 15:14Speaker 4: the Heighti's okay started. But if you look at aviation safety,
- 15:19Speaker 4: a second big victory that we just had on aviation
- 15:22Speaker 4: safety happened this week, which is in response to what
- 15:26Speaker 4: happened there, I began drafting legislation that's called the Road
- 15:29Speaker 4: Or Act, and the Road To Act is designed to
- 15:34Speaker 4: mandate that all aircraft in the sky use what's called
- 15:37Speaker 4: ADSB technology ADSB out and ADSB in, and that is
- 15:43Speaker 4: advanced technology to help the other planes in the sky
- 15:46Speaker 4: and the other aircraft see each other and to help
- 15:49Speaker 4: the air traffic controllers have the information on the precise
- 15:53Speaker 4: location in real time. With radar, there's a delay, whereas
- 15:57Speaker 4: ADSB gives it to you in real time. Now, why
- 16:00Speaker 4: is that directly relevant to the crash. Well, the Army
- 16:03Speaker 4: Blackhawk helicopter had ADSB technology installed.
- 16:08Speaker 3: They had it turned off.
- 16:09Speaker 4: Yeah, and so the American Airlines pilot couldn't see the
- 16:14Speaker 4: Blackhawk helicopter and didn't know it was there until the
- 16:19Speaker 4: two collided it, and unfortunately, we discovered the Army had
- 16:23Speaker 4: a policy of leaving ADSB turned off just as a
- 16:26Speaker 4: routine matter. It was indefensible. And so the Rotor Act
- 16:31Speaker 4: mandates number one, that the military followed the same rules
- 16:34Speaker 4: as everybody else. If you're going to be flying, particularly
- 16:36Speaker 4: through crowded airspace at an airport, use the technology so
- 16:41Speaker 4: the other aircraft can see where you are and so
- 16:42Speaker 4: you don't have a collision. And it mandates that everyone
- 16:46Speaker 4: use ADSB technology in and out in the planes. That legislation.
- 16:52Speaker 4: You know, it's interesting. We had the Senate just passed
- 16:55Speaker 4: this week the National Defense Authorization Act that we passed
- 16:59Speaker 4: that air every year, that is the big military authorization
- 17:03Speaker 4: that we pass and someone in the House of Representatives
- 17:06Speaker 4: dropped a provision in in the dark of night that
- 17:09Speaker 4: would have allowed the Army to keep ADSB turned off. Well,
- 17:14Speaker 4: this week I passed the Road To Act and repealed
- 17:17Speaker 4: that provision. And so when the House passes it and
- 17:19Speaker 4: the President's signs it, which I think will happen in January,
- 17:22Speaker 4: everyone will be safe for flying.
- 17:24Speaker 1: There is one thing that I actually think will end
- 17:28Speaker 1: up being your legacy one day, long, long down the road,
- 17:31Speaker 1: when you're long and gone and people say, what did
- 17:34Speaker 1: Ted Cruz do? I actually believe this will be brought
- 17:37Speaker 1: up for an extremely long amount of time. It is
- 17:40Speaker 1: going to be transformative to this country, to the young
- 17:42Speaker 1: people in this country, and it deals with education. It
- 17:45Speaker 1: is something you've been championing for decades, an idea that
- 17:49Speaker 1: you love, and now it became reality and you had
- 17:52Speaker 1: to fight tooth and nail to keep it in the
- 17:54Speaker 1: big bill. Talk about this victory and what it means
- 17:59Speaker 1: application wise, especially moving forward.
- 18:02Speaker 4: Well, look, I agree with you in terms of the
- 18:05Speaker 4: magnitude of this victory. And let me say, when we
- 18:07Speaker 4: were in the middle of drafting the Working Families Tax
- 18:09Speaker 4: Cut in April of this year, we did a retreat
- 18:12Speaker 4: of all the Senate Republicans and we were talking about
- 18:15Speaker 4: all the different elements that we wanted the bill, and
- 18:17Speaker 4: everyone had different priorities, and I stood up kind of
- 18:19Speaker 4: midway through and I said said, look, there are a
- 18:21Speaker 4: lot of things in this bill that are incredibly important.
- 18:24Speaker 4: Cutting taxes, investing and securing the border, rebuilding the military.
- 18:27Speaker 4: All of that matters a ton. But I said, we
- 18:30Speaker 4: had to think for a minute about legacy, about what
- 18:34Speaker 4: will be remembered ten twenty thirty years from now, what
- 18:39Speaker 4: will be remembered when we're dead and buried. And I said,
- 18:42Speaker 4: I've got two suggestions, two suggestions that fall into the category.
- 18:47Speaker 4: The first was school choice and the second was what
- 18:51Speaker 4: has now become the Trump accounts. Now, both of those
- 18:54Speaker 4: suggestions I wrote the legislation for, and both of them
- 18:58Speaker 4: are in the bill. Let's start with school choice. What
- 19:01Speaker 4: is in the bill. This will kick in. This will
- 19:04Speaker 4: start kicking in in a year. And what it will
- 19:07Speaker 4: do is every taxpayer in America can give up to
- 19:11Speaker 4: seventeen hundred dollars to a scholarship granting organization in the States.
- 19:18Speaker 4: If you do so, you will get a dollar for
- 19:20Speaker 4: dollar tax credit. Now, importantly, this is not a deduction,
- 19:24Speaker 4: it's a credit. What does that mean. It means if
- 19:26Speaker 4: Ben Ferguson writes a check for one thousand, seven hundred
- 19:29Speaker 4: dollars to an organization that gives scholarships to kids in Texas,
- 19:34Speaker 4: you owe oney seven hundred dollars less to Uncle Sam.
- 19:37Speaker 4: You just give less on your taxes. So it's basically
- 19:40Speaker 4: free money. From your perspective, what that is going to
- 19:44Speaker 4: do is it is going to produce tens of billions
- 19:48Speaker 4: of dollars of scholarships for kids in K through twelve
- 19:52Speaker 4: education all across the country and ten twenty thirty years
- 19:56Speaker 4: from now, literally millions of kids who were stuck fuck
- 20:00Speaker 4: in failing schools, many of them African American kids, Hispanic kids,
- 20:04Speaker 4: low income kids, who are in schools where there's violence,
- 20:07Speaker 4: where they're not learning, where they're not able to get
- 20:10Speaker 4: the education. You're failing and we're failing them. Look, you know,
- 20:15Speaker 4: if it's a five year old, it's not the five
- 20:17Speaker 4: year old's fault. If the kindergarten is a crappy kindergarten,
- 20:21Speaker 4: that's not the kid's fault. That is, at the end
- 20:24Speaker 4: of the day, school choice is about. I think it's
- 20:27Speaker 4: the civil rights issue of the twenty first century. I
- 20:29Speaker 4: think every child deserves access to an excellent education, and
- 20:34Speaker 4: it shouldn't matter what your race is, what your wealth is,
- 20:37Speaker 4: where you live. This provision thirty years from now, we're
- 20:42Speaker 4: going to look back and literally there're gonna be millions
- 20:44Speaker 4: of kids who would have been failed by the system,
- 20:48Speaker 4: but instead got a scholarship and ended up being able
- 20:51Speaker 4: to go to a Catholic school to a Jewish day school,
- 20:55Speaker 4: to a private school, and to be safe, not to
- 20:58Speaker 4: be at risk of violence, to learn, to read and learn.
- 21:01Speaker 4: And if you get education, it opens up every other
- 21:05Speaker 4: opportunity for the rest of your life. And if you
- 21:07Speaker 4: don't get an education, you're screwed. And so that is
- 21:13Speaker 4: in there. Look, I've been fighting for school choice for
- 21:16Speaker 4: thirty years. The school choice movement is the domestic priority
- 21:21Speaker 4: I care the most about.
- 21:23Speaker 2: By the way, let's go back from here. That maybe
- 21:25Speaker 2: miss that episode.
- 21:25Speaker 1: I don't think people understand just how hard democrats, the teachers'
- 21:30Speaker 1: unions didn't want this to happen, and how hard you
- 21:33Speaker 1: had to fight to keep it in there, because there
- 21:35Speaker 1: was many times where we thought it may not make it.
- 21:39Speaker 4: Look And it was particularly difficult because the Senate Parliamentarian.
- 21:42Speaker 4: To get anything through the reconciliation process, you have to
- 21:45Speaker 4: go through the Senate Parliamentarian, and there are Kane rules
- 21:49Speaker 4: for what is allowed and what is not allowed when
- 21:52Speaker 4: you're doing reconciliation. Three times the Senate Parliamentarian struck this
- 21:56Speaker 4: school choice provision, and normally the way that happens, it's
- 22:01Speaker 4: like litigation where you have both sides the Democrats get
- 22:04Speaker 4: to argue. So the Democrats argued to the parliamentarian, stripped
- 22:08Speaker 4: this out and fought tooth and nail. Now, normally it
- 22:12Speaker 4: is staff. It is staff of senators who go in
- 22:15Speaker 4: and argue on both sides. It is very unusual for
- 22:18Speaker 4: a senator to do this. I did this myself. I
- 22:20Speaker 4: went in and argued to the Parliamentarian and her team directly,
- 22:24Speaker 4: and we ended up rewriting the provision. We rewrote it
- 22:28Speaker 4: three times to get it through. When she objected to something,
- 22:32Speaker 4: we rewrote it to address that, and we got it
- 22:35Speaker 4: in the second provision that is going to have just
- 22:39Speaker 4: just generational.
- 22:41Speaker 3: Impacts or the Trump accounts, and.
- 22:43Speaker 1: Starting that I love there called drum accounts. There is
- 22:45Speaker 1: a great marketing measure. But this started with you, senator,
- 22:49Speaker 1: and you could easily call this the cruise accounts the
- 22:51Speaker 1: same time.
- 22:53Speaker 4: Yeah, but he's in sixteen hundred Pennsylvania Avenue and so
- 22:56Speaker 4: he gets to have his name on it. And that's great.
- 22:58Speaker 4: He signed it in the law and it is historic.
- 23:01Speaker 4: But I did write the provision and I got to
- 23:04Speaker 4: say the impact, what's going to happen next year?
- 23:07Speaker 3: Next year? On July fourth, every child in.
- 23:10Speaker 4: America is going to have a personal investment account open
- 23:14Speaker 4: for them. Newborn children will have one thousand dollars automatically
- 23:18Speaker 4: seeded into it.
- 23:19Speaker 2: This is amazing.
- 23:21Speaker 4: Parents, families, employers can put up to five thousand dollars
- 23:26Speaker 4: a year in a tax advantage account and all of
- 23:29Speaker 4: that will be invested in the S and P five hundred,
- 23:32Speaker 4: will be invested in a broad based equity index, invested in.
- 23:35Speaker 3: The stock market.
- 23:36Speaker 4: Two massive benefits from this Number One, every child in
- 23:41Speaker 4: America will get the benefit of compound growth, and that
- 23:46Speaker 4: is incredibly powerful. A little girl born next year, she
- 23:49Speaker 4: has one thousand dollars put in it automatically. If her
- 23:53Speaker 4: parents or family or an employer puts five thousand a year,
- 23:56Speaker 4: that's invested in the stock market. We grow at the
- 23:58Speaker 4: historical rate of average seven percent of the S and
- 24:01Speaker 4: P five hundred. By the time she is eighteen, she
- 24:07Speaker 4: will have one hundred and seventy thousand dollars in that account.
- 24:13Speaker 4: And if she keeps investing five thousand a year, by
- 24:17Speaker 4: the time she's thirty five, she will have seven hundred
- 24:20Speaker 4: thousand dollars in that account. That's transformation. And we're not
- 24:25Speaker 4: talking rich kids. We're talking the kids of a single mom,
- 24:28Speaker 4: talking everybody.
- 24:30Speaker 3: We're talking everybody.
- 24:31Speaker 4: That's money that she can use to buy a home,
- 24:34Speaker 4: to start a business, to get an education. I mean,
- 24:37Speaker 4: that changes her entire life. But secondly, and this is
- 24:40Speaker 4: the part as a conservative that I'm really excited about.
- 24:43Speaker 4: We are creating a whole new generation of capitalists, a
- 24:46Speaker 4: whole new generation of kids. Every kid is going to
- 24:50Speaker 4: be an owner of the biggest employers in America. And
- 24:53Speaker 4: so they won't think about companies as big, mean, scary corporations.
- 24:57Speaker 4: They'll look at their phone and they'll see the app
- 25:00Speaker 4: and say, look, I own I own one hundred bucks
- 25:03Speaker 4: of Apple, or or or Boeing or McDonald's. And that
- 25:08Speaker 4: I think will change the country. And and without exaggeration, Ben,
- 25:12Speaker 4: I think those two provisions are the most consequential provisions
- 25:17Speaker 4: of the entire bill. And you know, it was interesting,
- 25:19Speaker 4: as you know, a couple of weeks ago, I was
- 25:20Speaker 4: I was at the White House with the President for
- 25:23Speaker 4: a big press conference on the Trump accounts, and and
- 25:26Speaker 4: Michael and Susan Dela were there, and the two of
- 25:29Speaker 4: them are giving six and a quarter billion dollars to
- 25:32Speaker 4: put to put money in the accounts of millions of
- 25:35Speaker 4: kids all over the country, and we deliberately wrote this
- 25:39Speaker 4: so that philanthropists could do that. That was part of
- 25:41Speaker 4: the design. I wrote the legislation so these accounts would
- 25:44Speaker 4: be able to accept gifts of philanthropy. And and it
- 25:48Speaker 4: was interesting at the press conference where where we were
- 25:51Speaker 4: talking about the effect and transformational effect, and you could
- 25:55Speaker 4: actually see President Trump. I think he he really got
- 26:00Speaker 4: the impact of this at the press conference in a
- 26:02Speaker 4: way I don't think he ever had. And there was
- 26:04Speaker 4: a reporter who asked him, said, mister President, are these
- 26:07Speaker 4: Trump Accounts going to be a major part of your legacy?
- 26:10Speaker 4: And you could kind of see him thinking about that
- 26:12Speaker 4: and then just like, yes, yes they will. And I
- 26:16Speaker 4: think that's absolutely right. Look, I mean, in terms of
- 26:19Speaker 4: my tenure in the Senate, there is nothing I am
- 26:23Speaker 4: more proud of doing in the Senate in thirteen years
- 26:26Speaker 4: fighting for Texans than passing the biggest school choice program
- 26:30Speaker 4: in American history and passing the Trump Accounts into law.
- 26:34Speaker 4: And both of those they're going to impact not just
- 26:36Speaker 4: you're in my kids, but our grandkids and their grandkids.
- 26:41Speaker 4: Those are victories of an historic level. And that's why
- 26:45Speaker 4: I say we keep We've won victories we've never seen
- 26:48Speaker 4: at this level.
- 26:49Speaker 1: In communities around the world, millions of children like Lucy
- 26:53Speaker 1: faced the crushing weight of poverty, hunger, illness, and a
- 26:57Speaker 1: lack of opportunity dim their bright futures. But through Compassion
- 27:02Speaker 1: International and local churches, everything is changing. Lucy receives nourishing food,
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- 27:12Speaker 1: She learns life skills, develops God given talents, and builds
- 27:16Speaker 1: a loving relationship with Jesus. It's a journey from vulnerability
- 27:20Speaker 1: to empowerment, and it's sparked literally by your love. This
- 27:24Speaker 1: transformation echoes far beyond Lucy, impacting her family, the community,
- 27:30Speaker 1: and shaping the future of her nation. And you can
- 27:32Speaker 1: make this profound difference right now. So join me in
- 27:36Speaker 1: sponsoring a child. Visit Compassion dot com today, you'll empower
- 27:42Speaker 1: life and change the world. That's Compassion dot com to
- 27:46Speaker 1: learn more center. As we're doing our year review, I
- 27:50Speaker 1: love getting to say this one.
- 27:51Speaker 2: We had a big win on the issue of space.
- 27:53Speaker 1: We're not talking about you finding aliens or anything, but
- 27:56Speaker 1: we do have an update on space that's near ended
- 27:59Speaker 1: of your heart. With NASA in Houston, of course, talk
- 28:01Speaker 1: about the big victory there.
- 28:03Speaker 4: Well, in the Working Families Tax cut, we invested ten
- 28:07Speaker 4: billion dollars in NASA and commercial space, and in particular
- 28:12Speaker 4: in going back to the Moon. And again because that
- 28:15Speaker 4: falls within the jurisdiction of the Commerce Committee, I wrote
- 28:18Speaker 4: this provision. And we are in a race to go
- 28:21Speaker 4: back to the Moon. We're in a race with China.
- 28:23Speaker 4: China has said publicly they are going to go to
- 28:25Speaker 4: the Moon by twenty thirty and they're trying to.
- 28:27Speaker 3: Get back there.
- 28:28Speaker 4: And it's also a race not just to get there,
- 28:30Speaker 4: but to also to build sustained human habitation on the
- 28:35Speaker 4: surface of the Moon, to begin mining on the surface
- 28:38Speaker 4: of the Moon. That's the next challenge that we're moving towards.
- 28:41Speaker 4: China is moving full speed ahead, and we did major
- 28:44Speaker 4: investments to say America is going to beat China back
- 28:48Speaker 4: to the Moon. We are going to have sustained human
- 28:51Speaker 4: habitation on the lunar surface or in CIST lunar orbit.
- 28:55Speaker 4: And that investment, it is in the bill. It is
- 28:58Speaker 4: critically important and the objective for us to land on
- 29:01Speaker 4: the Moon by twenty twenty eight, two years before China.
- 29:04Speaker 4: With President Trump still in the Oval Office, and that
- 29:08Speaker 4: investment will make it. And I'll tell you this is
- 29:11Speaker 4: a point I made if we lose.
- 29:13Speaker 3: If we were to.
- 29:14Speaker 4: Lose the race to the Moon, I think the impact
- 29:17Speaker 4: of seeing the Chinese on the Moon before we could
- 29:20Speaker 4: get there, I think it would be a bigger blow
- 29:22Speaker 4: to the country than Sputnik was. Sputnik when the Russians
- 29:25Speaker 4: launched the first satellite, Sputnik around the Earth, it was
- 29:30Speaker 4: a massive blow. It started the space race, and I
- 29:34Speaker 4: think losing the Moon to China would be orders of
- 29:36Speaker 4: magnitude worse. That investment is in there. It matters, and
- 29:39Speaker 4: it matters also enormously. They're over fifty thousand high paying
- 29:43Speaker 4: jobs in Texas that are directly connected to space, so
- 29:47Speaker 4: it's big for jobs, jobs in the economy.
- 29:51Speaker 1: Way selfishly, I just think it would be so cool
- 29:54Speaker 1: for kids' minds to be blown to see NHD people
- 30:00Speaker 1: talking on the Moon. Just the wonder and the and
- 30:03Speaker 1: the inspiration that would come from that for an entire generation,
- 30:06Speaker 1: you know, with everything that's yesh and technology driven, like
- 30:09Speaker 1: just to have a moment of pause where we're like,
- 30:11Speaker 1: we went to the Moon and you can see an HD.
- 30:14Speaker 1: I can't imagine what that does for kids that are dreamers,
- 30:16Speaker 1: for their futures and their education as well.
- 30:19Speaker 4: Look, I spend a lot of time at at at
- 30:22Speaker 4: Johnson Space Center. I spent a lot of time with NASA,
- 30:25Speaker 4: and like the inspiration that astronauts provide. Now do you
- 30:29Speaker 4: know the connection that Rice University has to us going
- 30:32Speaker 4: to the moon.
- 30:33Speaker 3: The first time?
- 30:33Speaker 4: No?
- 30:34Speaker 2: I do not.
- 30:35Speaker 4: So it was at Rice University at the at the
- 30:37Speaker 4: Rice Stadium. You've been to that that football stadium? Uh,
- 30:41Speaker 4: that that JFK gave the speech where he committed we
- 30:46Speaker 4: will go to the moon within a decade.
- 30:48Speaker 3: And and and in fact what he said, he said, Uh, why.
- 30:53Speaker 4: Does Rice play the University of Texas. They do so
- 30:58Speaker 4: not because it is easy, but because it is hard.
- 31:02Speaker 4: And that was that was his explanation for why are
- 31:05Speaker 4: we going to the moon. We're going to the moon
- 31:06Speaker 4: for the same reason Rice plays ut not because it easy,
- 31:11Speaker 4: because it's it's hard and it inspires millions of kids.
- 31:15Speaker 4: We're going to do that again. But it's also critical.
- 31:17Speaker 4: Listen there there there are major economic benefits. I've predicted
- 31:21Speaker 4: for a long time the first trillionaire is going to
- 31:24Speaker 4: be made in space. That may well, be elon Musk,
- 31:26Speaker 4: He's already halfway there.
- 31:29Speaker 3: I think. I think the.
- 31:30Speaker 4: Mining that we're going to see on the Moon and
- 31:32Speaker 4: ultimately on Mars is going to generate enormous economic activity.
- 31:36Speaker 4: And it also matters from national security and and and
- 31:39Speaker 4: and from a military perspective. Controlling what is quite literally
- 31:43Speaker 4: the high ground is really important for keeping America safe.
- 31:47Speaker 1: Cafe standards. I want to make sure we get this
- 31:48Speaker 1: in there before the end of the show. Let's talk
- 31:50Speaker 1: about that victory as well.
- 31:52Speaker 4: Another provision I wrote in the bill, we zeroed out
- 31:55Speaker 4: cafe standards. Now, what are the cafe standards?
- 31:58Speaker 3: There?
- 31:58Speaker 4: The rules bid the administration put in place to drive
- 32:02Speaker 4: up the cost of your car and drive up the
- 32:04Speaker 4: cost of your truck. And what they did is they
- 32:07Speaker 4: jacked up the mileage it had to get to what
- 32:10Speaker 4: were unsustainable levels. And they were doing that because they
- 32:12Speaker 4: wanted to ban the internal combustion engine. They wanted to
- 32:15Speaker 4: make it impossible for you to buy a gasoline car.
- 32:18Speaker 4: They wanted to force you to buy an electric vehicle.
- 32:21Speaker 1: Now, Alouise, let's be clear, it also put you and
- 32:24Speaker 1: your family at risk. Yeah, because of having to be
- 32:28Speaker 1: forced to make the cars lighter. They had to get
- 32:30Speaker 1: rid of the steel in cars that made them so safe,
- 32:33Speaker 1: like tanks. And that's the reason why everything's now in
- 32:35Speaker 1: plastic and the bumpers and you've had a small wreck,
- 32:39Speaker 1: you see how things just shatter, it's because they're trying
- 32:41Speaker 1: to meet those standards.
- 32:43Speaker 3: Yeah.
- 32:43Speaker 4: Look, my first car was a nineteen seventy eight Ford Fairmont.
- 32:47Speaker 4: It was my grandfather's car that he gave it to me.
- 32:49Speaker 3: It was we called it the green Bomb.
- 32:51Speaker 2: When you were younger, I knew it. That was confirmation, right,
- 32:54Speaker 2: are you kidding?
- 32:54Speaker 4: That was the coolest car. We called it the green Bomb,
- 32:57Speaker 4: and it was a tank. And if you got a
- 32:59Speaker 4: sixteen year old old boy, all sixteen year old boys
- 33:02Speaker 4: are idiots. And for the teenagers listening, I apologize, but
- 33:05Speaker 4: I was there. I was an idiot, And I promise
- 33:08Speaker 4: you when you get older, you understand it's just.
- 33:09Speaker 3: Part of life growing up.
- 33:11Speaker 4: And like putting your kids in a car that is
- 33:14Speaker 4: big enough that if they hit something like an idiot,
- 33:17Speaker 4: that they're not going to be badly hurt or killed,
- 33:20Speaker 4: that matters.
- 33:20Speaker 3: We zeroed it out.
- 33:22Speaker 4: The effect of that is going to be to lower
- 33:24Speaker 4: the cost of you getting a car or a truck
- 33:27Speaker 4: lowered it by thousands of dollars. That's another victory that
- 33:30Speaker 4: is in the bill. And it also is going to
- 33:32Speaker 4: save life, just as you said, because you'll be able
- 33:35Speaker 4: to make cars that are safer with more steel and
- 33:37Speaker 4: less plastic.
- 33:38Speaker 2: Yeah, it really is incredible.
- 33:40Speaker 1: Finally, one last thing I do want to hit, and
- 33:42Speaker 1: it's important one to end the show.
- 33:43Speaker 2: Take It Down Act.
- 33:44Speaker 1: Something that you worked so hard on became reality as
- 33:47Speaker 1: well this year and it keeps kids safe.
- 33:49Speaker 3: Yeah, it's a great victory.
- 33:50Speaker 4: Look that there is a growing problem with what what's
- 33:53Speaker 4: called non consensual intimate imagery, and we're talking both real
- 33:57Speaker 4: world so called revenge porn where you have boyfriend or girlfriend,
- 34:01Speaker 4: they have an intimate relationship, they take explicit pictures or
- 34:04Speaker 4: videos of each other, and then they have a breakup
- 34:07Speaker 4: and they get one of them is ticked off and decides,
- 34:09Speaker 4: all right, I'm gonna stick it to you and I'm
- 34:10Speaker 4: going to release this to the world. And it is
- 34:13Speaker 4: a grotesque violation of privacy. Nobody has a right to
- 34:18Speaker 4: do that to somebody else. There is secondly, a more
- 34:22Speaker 4: recent aspect of that, which is deep fakes, and people
- 34:29Speaker 4: are using AI to create deep fakes where they take
- 34:32Speaker 4: pictures of real people and they use AI to make
- 34:35Speaker 4: it appear that they're naked or inexplicit and sexual situations.
- 34:39Speaker 4: More than ninety five percent of the victims of this
- 34:42Speaker 4: are women or teenage girls. And so I drafted a
- 34:47Speaker 4: bill that's called the Take It Down Act. That number
- 34:49Speaker 4: one makes it a crime, makes it a felony to
- 34:52Speaker 4: post non consensual intimate imagery, either real pictures or fake pictures.
- 34:58Speaker 4: And secondly, it gives you the right, if God forbid,
- 35:01Speaker 4: you're the victim of this, any tech platform that is
- 35:04Speaker 4: displaying that content, you have a federal statutory right to
- 35:08Speaker 4: demand they take it down, and they have to take
- 35:11Speaker 4: it down immediately. And we passed that through the Senate.
- 35:14Speaker 4: We passed that through the House. The First Lady, Milania Trump,
- 35:17Speaker 4: was a big champion. She joined with me, and I
- 35:20Speaker 4: was in the Rose Garden right next to the President
- 35:23Speaker 4: and right next to the First Lady when he signed
- 35:25Speaker 4: that legislation. Protecting kids, protecting teenage girls, teenage boys, women,
- 35:30Speaker 4: protecting everyone, and also standing up to the abuse of
- 35:35Speaker 4: AI creating deep fakes and victimizing people.
- 35:39Speaker 2: It's so important.
- 35:40Speaker 1: If you've ever known and I know a family lost
- 35:42Speaker 1: to a child because this. They took their own life
- 35:45Speaker 1: because of the shame and they were being bullied. It
- 35:48Speaker 1: was online and it was actually not even them. It
- 35:50Speaker 1: was a fake picture, but everyone thought it was this person.
- 35:54Speaker 1: After you meet with those families, you've done it. You
- 35:56Speaker 1: have a heart for them. This is going to save
- 35:58Speaker 1: lives as well. I want to say it again, do
- 36:01Speaker 1: not forget Download Verdict with Ted Cruz wherever you get
- 36:04Speaker 1: your podcasts with this show Monday, Wednesday Friday. We also
- 36:06Speaker 1: do as a video pod. You can watch it on
- 36:08Speaker 1: YouTube or Facebook as well, and the senday and I
- 36:11Speaker 1: will be back with you more on this. I can
- 36:14Speaker 1: promise you a big wins ahead in the new year
- 36:16Speaker 1: as well, so make sure you don't miss a single episode.
- 36:19Speaker 1: And if you're listening on the radio right now, thank
- 36:21Speaker 1: you so much for listening as well. We'll see you
- 36:22Speaker 1: back again real soon.