Transcripts For FBC Making Money With Charles Payne 20170316

Lisa, ill start with you. This is America First, keep america safe, a skinny budget. There has been so much discussion about this budget and hyperbole from the left. This budget means nothing. Its congress that controls the budget and purse strings. The president is setting his priorities. But ultimately its dead on arrival. The amount of attention this thing has gotten is way overblown. Charles big bird may go the way of the dodo bird. Big bird is safe because says me street did the wise thing and entered the private sector. They did a contract with hbo a few years ago and they are safe. The left is going to demonize this budget and claim republicans are taking food way from orphans and infants. Donald trump through his budget is setting a new standard. Politicians do not hold if i duciary responsibility for americans. I think republicans are helping him set a new standard. Charles its refreshing the idea of cutting some of this bloat. It may seem like shocking numbers until you see how much they have grown over the years. Epa31 . Maybe these things need to be done because they have gotten bigger and now the more ineffective they are. I think thats true. If you look at Donald Trumps Campaign Promises, Mick Mulvaney says this budget is about Donald Trumps Campaign Promises. He made a point to say yes its compassionate to think about the recipients. But its also compassionate to think about the taxpayers funding them. So i think thats a preview of the Trump Administrations argument. Well see what congress does with it. Trump is a negotiator and this is the first step of the negotiation. This is what he wants to lay out there. I like the idea of funding opioid prevention. We remember how much everyone circled the wagons to try to help that. Refocus on school choice. 1. 4 billion additional dollars. Those things ultimately are not just smart and up helpful, but they help people rise above their Current Conditions and make all of america better. President trump continues to take this executive approach, especially financially. I think he agency can do more with less. We should go back to the way things were before, roll back agencies and sing and gi authity to various secretaries and cabinet heads in making choices in what we can cut. I have concerns with President Trumps unwillingness to look at entitlement spending in the throng run. By i appreciate him look at places to cut the fat. Charles we are at 20 trillion, and i think a lot of people hope and believe ultimately Mick Mulvaney says they will talk about that a little bi to your point, lot of people want to see that happen sooner rather than later. Federal spenting of almost 300 since 1970. Our Household Income up 24 in that same time. Its an unsustainable relationship. The people paying into this and the rate in which the government spends our money. This is a good starting point because it stays budget neutral. Hes taking it from other areas of the budget which are not worthy. What we are not able to factor is how things are change with attritional growth. You raise an interesting point about government bloat. Government agencies by their very nature grow. You cannot control them unless you cut them. The epa has gone way beyond its mandate. It wasriginally designed to defend the government. I love the arts and humanities. But its not the place of government to fund those things when we should be supplying incentives to the economy and people in the economy like you are saying. Charles Mick Mulvaney. He talked about unauthorized spending that somehow has become the status quo in d. C. We actually spend a lot of money in the federal government on programs that arent authorized. But a lot of the programs we spent money on for years have been unauthorized spending. Some of them were never authorized in the first place. They simply were appropriated without any authorization. The message is thats not right way to do it. Charles how do we undo it . These things happen for a reason and niece bureaucrats love the power and love the budgets. I think donald trump is throwing it out there and warn something of these agencies that you wont have what you had last year. Do it wisely. I think we can make a great point, we can do more with less. If we get smarter and more efficient we dont have to keep adding to these agencies. We are not so sure mexico is going to pay for that wall. He put a couple billion in the budget for infrastructure spenting and for the border. Charles he said its because of timing. I think he and the administration feel confident that ultimately mexico will pay for the wall. Well get the money back, no doubt about it. For President Trump what he needs look at. The math looks bad for democrats in 2018. The thing that are the biggest priority for hip that require congress to get done, particularly Something Like the wall, he needs to prioritize in the next two years. If things were to change for republicans, hes nogoing to be able to get the priorities done in the latter part of his first term in office. He needs to be start about moving forward with these big initiatives, immigration and get it done as quickly as possible while republicans have a majority in the house and senate. You have got to be smart by the and get these things done when you have the numbers. Charles the market came out the gate like gang busters. Then it started to waffle as all the debates, whether it was a new budget or whether the Obamacare Repeal will make it through. It got wobbly there today. Do you think wall street and on the for folks are getting somewhat antsy . I think there is a little bit of uncertainty. They have seen strong actions from the. I think what we need to do is see before the april 8 recess. We need to see at least a preliminary tax reform plan introduced by then. That will help stabilize the markets so the markets know help is on its way. We need to see some at least some plan there, we need to see secretary mnuchin introduce something. Because i think that will bring sort of steady these markets. They have gotten and little bit uncertain. One of the ways in which corruption takes place in government is federal grants. There is very little fiduciary responsibility or accountability with grants. Charles some are saying you should do block grants to states for medicaid . Mark we have to have great accountability with those dollars. There are hundreds of millions of dollars that go out with the grants and very little accountability in the process. Charles i interviewed Dennis Kucinich and he was going nuts about the money going out. Vice president pence is introducing President Trump. Lets take a listen, guys. Thank you very much. Ambassador anderson, mrs. Kenny, dr. Lowe, Vice President pence, and distinguished guests. We gather here today in the white house to take part in the traditional shamrock ceremony and to celebrate the strong ties between the United States and a truly great country, ireland. I also want to extend a special welcome to a group of distinguished local political and society leaders. And they are real leaders who are with us from Northern Ireland. Great people. Including the mayor of belfast, and the head of Northern Ireland civil service. A lot of power there. Lord mayor caisson and sir malcolm mckibbet. Where are you . Thank you. They are going to be having a great open championship very soon. I know that. Right . At a great course. At a great, great course. St. Patricks day has become a truly important occasion in the United States. One embraced by mayor kafns all faiths and all backgrounds. I have been to many of them. And we love it. The shamrock ceremonies are a tradition that symbolizes the bonds between our two countries. It dates back to 1952 when the irish ambassador to the United States, John Joseph Hearn sent a box of shamrocks to a president who did a very good job, harry s. Truman. Our strong ties go back throughout american history. Irish americans played a vital role in preserving our union during its hour of greatest need. So true. Played a very, very big role. Many distinguished themselves in the American Civil War with their grit and their bravery and their courage, earning the knick name the fighting irish. And i know a lot about the irish. They fight, they are tough. I know a lot. I know more than im ever going to tell you. When American Armed forces joined the night in europe during world war ii, 75 years ago, our heave rowic troops first stepped off ships in belfast harbor in Northern Ireland. Throughout the centuries, hard working americans contribute to americas prosperity. They overcame hardship. The hardship they overcame for us. For our people, is inspiring and really helped a relatively young nation yonders what anyone really understands or knows. So we want to thank you. Just an amazing history. President john f. Kennedy in an addition to the Irish Parliament said its that quality of the irish, that remarkable combination of hope, confidence and imagination that is needed more than ever today. He said that a long time ago. But its perhaps even more true today. The words of americas first Irish Catholic president ring just as true. We hope confidence and i tell you what we want now is a lot of things, but we need that great irish confidence, and they are confident people, arent they . And we ill tell you what, we all wants it together to grow in the 21st century. And grow we will. As i say, bigger and better and stronger than ever before. We must have the hope to believe in a better future, the confidence to purchase sue it, and the imagination to figure out how to get there. A new optimism is sweeping across our nation. You see that when you look at the numbers. The optimism is at the highest level in many, many years. As America Reeve gains renews strengths, ireland will find us to be scene ever faithful partner and always loyal friends. Well be there for you. Well be there for you. So thank you for being here. I wish you a very, very happy st. Patricks day. And god bless you, and may god bless ireland, and Northern Ireland, and may god bless america. Thank you very much. In presidt, in vice prident, ladies and gentlemen. Its great be back again to the most famous now the world to celebrate st. Patricks day. The most special of days for irish men and women and those of irish descent the world over. Charles just moments ago donald trump giving props to the quotee unquote fighting irish and the contribution they made to america. The white house spent a lot of today discussing their America First budget which reflects on the president s Campaign Promises to protect americas borders. And massive cuts in government agencies. These moves seem to echo chief bannons call for economic nationalism. Lets ask the Trump Former Campaign advisor, steve cortez. Is this what economic nationalism looks like . I think it does. By the way, during the campaign we heard a lot of attacks about supposed white nationalism. And heard that afixed often to steve began noon. Thats incredibly unfair. America is not a race its an idea. Its economic nationalism. They are smart trade deals its putting our money where it will most reward the american worker. When i look at this bujt proposal i see ban noon footprints in the best way. Stop spending on global agendas. Well spend on defense and release the Regulatory Burden on american up s so they can be prosperous again. Charles i know you smoke to the Spanish Chamber of commerce. Are they ready to warm up to donald trump . I dont know if they are able to be behind him politically. Priens prebustles gave a presentation to the Hispanic Chamber of commerce. Necessity realized as hispaniced, we are an incredit bli entrepreneurial community. What we need is growth. If President Trump delivers growth, i believe these people, even if they dont support him politically, they will love the policy ramifications of a trump presidency. Well make America Great again by making america grow again. Charles steve, thank you very much. Remember, President Trump is staying positive. But there is a war brewing between house and Senate Republicans over this replacement of obamacare. Well discuss that next. Ople when they thought they should start saving for retirement. Then we asked some older people when they actually did start saving. This gap between when we should start saving and en we actually do is one of the reasons why too many of us arent prepared for retirement. Just start as early as you can. Its going to pay off in the future. If we all start saving a little more today, well all be better prepared tomorrow. Prudential. Bring your challenges. Charles the gop civil war over healthcare reform continues to heat up as President Trump across knowledges he must strike a deal within his own party because quote the democrats will always vote against us. But are Senate Republicans secretly rooting for senator ryans bill so they dont have to take the heat on this . I interviewed kevin brady yesterday. It was almost vitriolic in terms of his animosity on the senate side. Rand paul telling the House Republicans why didnt they man up. We have a real donnybrook here. There is a very difficult situation here for the gop. On one end you want to fulfill the promise that got President Trump to the oval office. But many are afraid of passing a failed policy that could effect their own reelection in their key states. When you have the house and senate dominated by the gop, this is the opportunity to show the other side of the aisle that we can get things done in this town. Charles the promise was, though, repeal and replace. And i think thats where it begins and thats where all the frustration is with the repeal part. As rand paul has been saying over and over. There is broad consensus on the repeal side. But a lot of senators and lawmakers generally in congress are looking back to the lessons of 2008 and 2009 when democrats squandered the rich Political Capital they had in passing obamacare. What did it lead to . It l to savang of the Democratic Party and they suffered the continues of that election after election. Republicans are look at it as a warning sign. Maybe we should put a pause on this. They are just hoping the house will kill this and we dont have to deal with it at all. Charles lili, you were at a gathering today with ivanka trump. How did that go . We had a private meeting with ivanka with Latino Business leaders. It was a great moment when we could talk about womens issues that we all share. And she was open in asking for our candid fin at what can be done at the sba and access to capital to advance the economic wealth of all americans, including latina business owners. Charles that sound like the was great. Vince, we are out of time, we had breaking news. But well bring you back soon. A second blow to President Trumps travel moratorium. Charles the white house vowing to appeal the decision by two federal judges ruling against the travel order. Reading through this decision. Im no constitutional lawyer, even though i have played one on tv from time to time. It doesnt seem like President Trump is going to get a break with this. You have two different judges both treefg things he said during the campaign. Referring things surrogates have said and in their way they are interpreting this, no matter what, this is a muslim ban, and he will keep butting his head up against the same issue with these lower courts. You and i talked last week and i said it was 100 legal and constitutional. I had no doubt about that. But i had concerns you would have antitrump judges trip him up. Thats what this decision did its commit unsustainable as a matter of law. Citing Campaign Statement and using that to override the plain meaning of the statute and executive order, there is no way that can be a valid principle of law going forward. This is one the u. S. Supreme court would overturn. Its frustrating they have to do it, and i dont think you can depend on the four liberal Supreme Court justices. They are stretching and contorting precedence that if you and i had been in a Law School Class six months ago and had done that, we would have gone the a failing grade. The professor would have said where are you getting this . You are justaking it up. It changes the balance of power to those charged with National Security to tun elected judges who have no role in National Security. Charles maybe it activism starts at some of these law schools. We are taking care of our military, the vets, our border. Even though there is no addressing deficits and debt, are you happy with it . What he pledged to do with the military is positive. He wants to rebuild the navy and expand the army. I think that needs to be done. There will be a lot of suppor