Join Kim Monson as she welcomes Wendy Warner to discuss the intricate nuances of Colorado’s legislative landscape. They address the controversial new debt issue proposed by Denver’s mayor and delve into the importance of transparency in government actions. In a broader scope, this episode also tackles vandalism concerns in LA, highlighting a nation poised on the brink of pivotal changes.
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It’s the Kim Monson Show, analyzing the most important stories.
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The socialization of transportation, education, energy, housing, and water. What it means is that government controls it through rules and regulations.
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The latest in politics and world affairs.
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Under this guise of bipartisanship and nonpartisanship, it’s actually tapping down the truth.
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Today’s current opinions and ideas.
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On an equal field in the battle of ideas, mistruths and misconceptions is getting us into a world of hurt.
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Is it freedom or is it force? Let’s have a conversation.
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indeed let’s have a conversation and welcome to the kim monson show thank you so much for joining us you each are treasured you’re valued you have purpose today strive for excellence take care of your heart your soul your mind and your body my friends we were made for this moment in history and thank you to the team that’s producer joe luke rachel zach echo charlie mike theresa amanda all the people here at crawford broadcasting happy wednesday producer joe happy wednesday kim And it is Wednesday, so that means it’s Wings Day at Hooters restaurants. You buy 20 wings, you get an additional 10 for free. And that’s for to-go or to dine in. They have five locations, Loveland, Aurora, Lone Tree, Westminster, and Colorado Springs. And the girls are coming over tonight, so we will be partaking of that. And again, they’ve been great sponsors of both the Kim Bunsen Show and America’s Veterans Stories for many, many years. How I got to know them, very important story about freedom and free markets and capitalism and and PBIs, politicians and bureaucrats and interested parties that want to control people’s lives. It’s a really great freedom story how I got to know them. And you can find that at my website. Thank you to Laramie Energy for their gold sponsorship of the show because it is reliable, efficient, affordable. and abundant energy that powers our lives from oil, natural gas, and coal, that powers our lives, fuels our hopes and dreams, and empowers us to change our own personal climate. So again, thank you to Laramie Energy for their gold sponsorship of the show. Our word of the day, this is a fun word to say. It’s gobsmacked, and it’s G-O-B-S-M-A-C-K-E-D. It’s an adjective. It’s chiefly British, and And it’s informal, could be overwhelmed with wonder, surprise, or shock, astounded. And I think I was reading one of Jeffrey Tucker’s essays, and he used the word gobsmacked. I thought, what a great word. So your challenge is to use the word gobsmacked in a sentence today. And I was initially… I think in my gut I knew it, but I was gobsmacked as I had been going through and looking at all of the organizations that lean to the left that are involved in this, the L.A. riots that are involved in what this No Kings thing that’s supposed to happen this Saturday. Saturday is Flag Day. It is also Donald Trump’s birthday. And So it will be interesting to watch what is going to be happening. In a way, I was gobsmacked, but yet I wasn’t that surprised as we are connecting the dots on what is happening in L.A. as they are destroying many of the businesses there, which is just heartbreaking. And our quote of the day, I went to Edmund Burke. He was born in 1729. He died in 1797. He was an Anglo-Irish statesman, journalist, writer, literary critic, philosopher, and parliamentary orator who is regarded as the founder of the social and cultural philosophy of conservatism. Regarded as one of the most influential conservative thinkers and writers, Burke spent most of his political career in Great Britain and was elected as a Member of Parliament from 1766 to 1794 in the House of Commons of Great Britain with the Whig Party. His writings and literary publications influenced British conservative thought to a great extent and helped establish the earliest foundations for modern conservatism and liberal democracy. His writings also played a crucial role in influencing public views and opinions in Britain and France following the 1789 French Revolution. And he remains a major figure in modern political conservative circles. And so many of you are familiar with this quote. But he said, the only thing necessary for the triumph of evil is for good men to do nothing. And so that is why we are engaging in this battle of ideas every day here at the Kim Monson Show. So let’s see. The next thing let’s talk a little bit about is this is from I think it’s MSN. Let me just make sure on this. No, it’s Mediate. It says L.A. Mayor warns vandalism so extensive that it’s going to take community wide involvement to clean the city just one year away from the World Cup. So quite frankly, vandalism and destroying property is not a peaceful protest. And so that is why there’s the choice to either step aside, as we have seen some of these mayors and governors do, and let vandals destroy, businesses steal, or Or we would have elected representatives that would be there to protect these businesses. So anyway, this article goes on to say, Los Angeles Mayor Karen Bass warned on Tuesday that vandalism and graffiti were so extensive in the city that it would take community-wide involvement to clean up just one year away from the World Cup. The extensive vandalism downtown, especially of the graffiti that is just blanketing a number of blocks, has been extensive, said Bass during a press conference on the ongoing anti-ice protest. She says, she continued, we’re just one year away from the World Cup. This is about beautifying our city and bringing our city together. And so I am calling on business leaders, community leaders, faith leaders to come together downtown in the next few days to talk about how we are going to clean up the city. I think first and foremost, you don’t destroy it. That seems like one of the first things that we want to make sure that doesn’t happen. Next thing, I wanted to chat a little bit about Karen Gorday, who is the owner of Radiant Painting and Lighting, had sent this over that Walmart heiress Christy Walton has been funding a full-page color ad in the New York Times for No King’s Day, which is this nationwide counter-protest scheduled for Flag Day and Trump’s birthday, and it’s organized by the far-left group of Indivisible. And the ad actually, this is what is so dangerous is many of the words are words that we would agree that are a part of the American idea. But then these words are being used to encourage people. to protest. Protest is okay. But it in many areas is going to devolve into vandalism, graffiti, destruction of businesses. And so but the article is or the ad is pretty interesting. It says we are a people of principle and honor. I agree. We honor our commitments and stand by our allies. Maybe the first thing is, is we would ask who they think the allies are. We may have different definitions of what that is. I would say allies are those that want to continue to support the Western democracies, the Western school of thought, or is their allies the CCP? We have to ask those questions. And the CCP is the Chinese Communist Party. We defend against aggression by dictators. I would agree with that as well. However, the narrative is that they want to paint Donald Trump as a dictator. And those that want government to be the answer to everything are the ones – And dictators many times don’t have to be just one person. It can be a group of people, such as what we saw with the O’Biden-Harris administration. We uphold and defend the Constitution. I totally agree with that. We care for veterans and children. I agree with that. However, the far left does not uphold children. They support abortion here in Colorado, abortion right up until the time of the baby’s birth. And the transgender activist movement is into mutilating children, both pharmaceutically and surgically. So I don’t think that they really stand on that. We respect our neighbors and trading partners. I would say that when you’re vandalizing neighborhoods, you are not respecting your neighbors. We support a healthy national and international economy, community, and environment. I do agree we are to be good stewards of all that has been given to us. And we are the world leader trusted to uphold the stability of the rule of law. And that’s one thing, the rule of law. It has to be based on the constitutional law that we have here in America. We have laws here in Colorado now, for example, House Bill 1312, which is the rule of law, but it is a bad law. It is a law that says parents, if you do not affirm the gender dysphoria of your child, that the state could take your child. It’s a law that says that if you do not affirm someone’s gender confusion, by whatever pronouns you address them by, that that could be discriminatory. That is a law, but that is not a law that’s based on the Constitution. So we have to be very careful on the rule of law because when we have people that are passing laws that are not constitutional and that do not adhere to this vision of the Declaration of that all men are created equal with these rights from God of life, liberty, and pursuit of happiness. And one of those things on pursuit of happiness, that means that government doesn’t take the fruits of the labor of one person to give to another person. And so what we have with all of this government spending is, That is directly against the vision of the Declaration of Independence. So anyway, this ad that she put out, says that we are the people of the United States of America. The honor, dignity, integrity of our country are not for sale. Totally agree with her by that. But much of what is being financed on these protests are being financed by people that hate America. So, again, she’s got the words there that a lot of people like. But the people that are pushing these actions, they have a whole different agenda. She said, our government is of the people, by the people, and for the people, which, of course, is quoting Lincoln. What is interesting, and Karen also got this information over to me then, is that, let me get to the balance of this. Hold on here. No. On the text line, while I’m mentioning it, the text line is 720-605-0647. And then Laura Loomer had said that she had reached out to Walmart. And again, this Walmart heiress, here she has all this money because of a vision of a – of a capitalist, someone that said, Sam Walton, who said, we can do this better. We can provide these services or these products at a more reasonable price, help people keep more money in their pocket. So anyway, Laura Loomer said I was able to get this ad that was published by Walmart heiress Christy Walton in front of Walmart’s executives. explained to them and their representatives the need to condemn the actions of Christie and her ad that is promoting radical leftist protests in the U.S. by inciting violence against Donald Trump. And Laura Loomer went on to say, and thank you, Karen, for getting this over to me. Walmart’s statement is we condemn violence, including when it’s directed toward law enforcement and the damaging of property. As a company with associates and customers in the Los Angeles region, we remain focused on their safety and that of impacted associates. The advertisements from Christy Walton are in no way connected to or endorsed by Walmart. She does not serve on the board or play any role in decision making at Walmart. And so that is good, and good for Laura Loomer to get on that as well. We have these important discussions because of our great sponsors. One of those is the Roger Mangan State Farm Insurance Team. And Roger and his team, they want you to feel safe and well-served and to understand your insurance coverage and know that their office will respond to your caller text 24 hours a day. So for that 24-hour peace of mind, call Roger Mangan at 303-795-8855. Like a good neighbor, Roger Mangan’s team is there.
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And welcome back to The Kim Monson Show. Be sure and check out our website. That is KimMonson, M-O-N-S-O-N.com. Sign up for our weekly email newsletter. You can email me at Kim at KimMonson.com as well. Thank you to all of you who support us. We’re an independent voice, and we search for truth and clarity by looking at these issues through the lens of freedom versus force, force versus freedom, if something’s a good idea. You should not have to force people to do it. And pleased to have on the line with me, Wendy Warner. She is the secretary of the Colorado Union of Taxpayers, which is an all-volunteer group that watches legislation at the statehouse throughout the legislative session. And we’re going to be also looking at some of these different questions that are going to be on our ballots as they’re coming out over in 2025, 2026. Wendy Warner, welcome to the show. Good morning, Kim. Glad to be here. Good to have you. And first, Wendy, we had our board meeting on Monday night, and I want to give a shout out to this group. We work with amazing other board members, and they’re all volunteers. And that’s Steve Dorman, Greg Golianski, Russ Haas, Bill Hamill, Rob Knuth, John Nelson, Wendy Warner, you, Marty Nielsen, Ramey Johnson, Mary Jansen, Dave Evans, Corey Onozorg, Paula Beard, and Ray Beard. This is a really amazing group of people, Wendy.
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Yes, it is, and they’re all working very hard to let the citizens of Colorado know what’s going on in the legislature.
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Well, and that is the first step, is transparency. And it is, I think, important to have CUT as a tool in your toolbox. We’d love to have people join us. It’s $25 a year. It doesn’t cost much at all. You can do that at coloradotaxpayer.org. Sue Moore and her team over at Liberty Scorecard do a great job, as well as Kevin Lundberg with his Lundberg Report. I think these three different organizations are great ways to see what’s going on in Colorado because first and foremost, transparency is important, Wendy. Absolutely.
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And there is so much that’s going on in the legislature, so many little nuances within bills. And the average says, heck, even the average legislator can’t read all of those bills and understand what’s going on. So it’s good to have other sets of eyes on this.
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And so we are going to also not just be doing legislative things. We are going to be watching what’s on some of the local ballots. One of the things on the horizon, I’ve had Jason Bailey with Citizens for No New Debt on the show. is regarding mike johnston saying he and that’s the mayor of denver saying he wants to have 800 million dollars of new debt incurred that the people of denver would have to pay off for we’re not quite sure right wendy no he has no idea why he wants it he just know he knows he wants it and the reason is is that there is debt that is expiring that is finally paid off
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And the citizens of Denver and the residents of Denver would get a tax decrease, a property tax decrease, if he doesn’t quick plug it in with new bonds and keep that tax rate up. And that’s why he doesn’t even know why he wants it. He knows he just wants to keep the money.
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And people, everyday people are really getting squeezed, Wendy. We’ve got to get government reduced, smaller in size. And the people of Denver need to understand that the money’s going to go somewhere. It’s going to either go back in their pockets or it’s going to go to government. And it sure seems like when people… look at all that is happening in their lives right now, having more money in their pocket would be a great idea.
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Absolutely. Absolutely. And, you know, I think one of the things to look at is, you know, when we’re evaluating legislation and new bills that are coming across or ballot initiatives, we always look at our cut pledge. And one of the things on our cut pledge is that we believe we should limit government spending to the growth in population and inflation. and that government should not grow more than that. And yet we have both legislators and individual city mayors, et cetera, that want to keep growing government, want to get bigger and bigger, and want us to pay for that. And there just isn’t any more money.
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Yeah, people are really being squeezed. And so that’s why it’s important to understand what’s going on, which we do a great job in letting people know with our weekly email and to let people know what’s going on. And then we need to demand that we get government back in its proper box. Yesterday I was thinking about it. I guess it was because we had had our meeting on Monday night is I think we should. demand across the board, every governmental agency, a 10% decrease in what they collect and what they spend. I think that would be a really great place to start, Wendy.
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Well, I think it would, too, and it would show that government is sensitive to what people are going through because with the increased cost of housing, increased cost of food, increased cost of insurance, increasing cost of government doesn’t work. Government both the legislators and the local governments, if they were to decrease some of these costs, would show that they were sensitive to the people of Colorado and what they’re going through.
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And so that is why we’re going to continue to do what we’re doing at the Colorado Union of Taxpayers. Now, Wendy, you’re the secretary, and I thank you for your hard work on that. How long have you been on the board of the Colorado Union of Taxpayers?
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Boy, you know, I can’t even remember, but it’s over a decade, I know. It’s quite a bit, 10, 15 years probably. And it really seems like government is escalating in its attempt to control us and attempt to regulate us. An attempt to get out of Tabor, definitely. It’s amazing over time to see the progression of bills and regulation. A lot of times when you’re looking at only one year, you see a few definitely bad bills. But then when you look at it over time and see, okay, this year the legislature did this to try to get out from the TABOR constraints. And the next year it’s something else. And the next year it’s something else. And we see that with both TABOR. We see it with their attempt to shut down our oil and gas, which is, you know, an important source of employment and a source of revenue, particularly in our rural areas. And All of these different things. Every single year they’re trying to regulate a new industry, demand that people get licenses to do their jobs and then pay money for those licenses every single year. It’s just repeated. You see it over time encroaching upon our freedoms.
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And I think we are at a tipping point where we are right now, Wendy, with what’s going on in our state and our country. And I think Colorado is really at the tip of the spear of all this, Wendy.
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Yes, it is. Unfortunately, those… elements of our society that would like to have more and more regulation see Colorado as one of the leaders in it. And we’d like to stop that, at least draw attention to it so that people know what they’re voting for. And I think you’ll see those of you that subscribe to COT and listen to your show will see as we, over the summer, try to draw attention to some of these trends that have been happening. You know, Kim, we put out every single week, we put out our evaluation of bills that are happening right at that time. Well, when the legislature is not in session, we’re going to continue to put out bulletins that describe what these trends are, as well as what’s happening with any local ballot initiatives.
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So I hope everybody will keep it tuned into that. Well, and this last legislative session, and there is rumblings that there may be a special session, maybe in October, although the session, the legislature is supposed to meet in the beginning of January, but it’s because they have been spending so much money that they are having some budget challenges. But I wanted to let people know that this last legislative session, there was over 733 bills and resolutions that were introduced. And the Colorado Union of Taxpayers, with our cut pledge, took positions on 261 of those pieces of legislation. And that will be the basis of our ratings report of what we’re working on now. And we’ll be publishing that. soon. It is a monumental task to put that together, but we’re working on that now. Wendy Warner.
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Absolutely. And I encourage people to join Cut to get copies of of our ratings report because in our ratings report we literally list all of the different bills that um uh we have taken a stand on and how are the major bills and the uh how the legislators have voted on each one of those you look you can see this this whole table of that and we show how all the legislators, both in the House and the Senate, how they have voted compared to what our recommendations have been. So you can see which one of these folks in the legislature are the friend of the taxpayer and which ones are not. In addition, those that go up on our website, you can see every single bill we did in this last legislator. It’s right online, total transparency of what the bills are, how we recommended a vote, and then what ended up happening to that bill. And that’s all available under 2025 tracked bills on our website, coloradotaxpayer.org.
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Well, Wendy Warner, thank you so much for our cut weekly update. Thank you for the great work that you do. And again, thank you to the team. We greatly appreciate them.
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Certainly. And thank you, Kim, for all you do. We really appreciate you.
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Well, right back at you. And again, that’s Wendy Warner with the Colorado Union of Taxpayers. And we have these discussions because of our wonderful sponsors. If you’re buying a home, selling a home, make sure that you have Karen Levine on your side of the table.
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All of Kim’s sponsors are an inclusive partnership with Kim and are not affiliated with or in partnership with KLZ or Crawford Broadcasting. If you would like to support the work of The Kim Monson Show and grow your business, contact Kim at her website, kimmonson.com. That’s kimmonson, M-O-N-S-O-N dot com.
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And welcome back to the Kim Monson Show. Be sure and check out our website. That is Kim Monson, M-O-N-S-O-N.com. Sign up for our weekly email newsletter. You can email me at Kim at KimMonson.com as well. And thank you to all of you who support us. We’re an independent voice on an independent station searching for truth and clarity. Thank you so much for having me. So take that first step toward your future. Call Mint Financial Strategies at 303-285-3080. That’s 303-285-3080. And really pleased to have on the line with us Wade Miller. He is a senior advisor at the Center for Renewing America, which was founded by Rush Vogt, who is Trump’s head of Office of Budget and Management. So this is a very important position. And I wanted to talk with Wade about this big, beautiful bill. Wade Miller, welcome.
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Thanks for having me on.
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Well, one thing about the big, beautiful bill is I know that it is big. I thought, well, maybe I should just take a look at it and read it. And then I couldn’t get through the table of contents on it, Wade.
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These things are always gigantic, yes. And most members of Congress don’t fully read them either.
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That seems like that’s upside down. We should be knowing what’s in these pieces of legislation. I guess the other question is, who writes these big bills?
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These are usually written by committee staffers, various portions of it, depending on their speciality at the committee level. And it will often mirror language that they’ve had in place before to target these types of reforms.
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Okay, and there’s been a rift between Donald Trump and Elon Musk about spending. And, of course, I’m seeing headlines that Elon may be walking back some of the things that he said, but love the idea of reducing government, getting rid of waste, fraud, and abuse. However, the CBO, the Congressional Budget Office, has said that the big, beautiful bill is going to increase our debt, which that seems to be the opposite way from where we want to be going, Wade.
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Correct. I just fundamentally disagree with the CBO, and there’s been process and mathematical reasons for that within the conservative movement for a long time. So the reason they’re scoring this as a deficit increase is because they will score extending the current tax rate as a net deficit increaser because they don’t do dynamic scoring. They do static scoring. So they will argue that if you increase taxes by 60% on just about everyone, that next year you’ll have more revenue. And that over a 10-year window, That’s going to cost. And that’s just not what conservatives, libertarians, right of center economic thinkers believe. We believe that if you keep taxes and the revenue maximizing rate, that over time, especially 10, 20, 30 year window, you’re going to have a lot more net revenue. Plus, you’re going to have more economic growth. And they don’t really accurately capture the economic growth component of that equation. And so they’re just doing it at a static level. So I just fundamentally disagree that it’s a deficit increaser. This has $1.6 trillion in actual mandatory spending cuts on the mandatory side of spending. So that’s everything that’s not discretionary. And just to give you some context for what that means. The Newt Gingrich cuts were about $800 billion in today’s dollars, the welfare reform that everyone acknowledges was highly successful. And this is 1.6. It’s almost twice as much. And one other facet of this is that they will score the border money as they cost. But all of the data shows that between $50 and $200 billion a year we’re spending on illegal aliens. as taxpayers. And so if you’re fundamentally reducing that population over time, that’s also going to be a cost saver. So Elon, I think, is rightly concerned that $1.6 trillion in cuts, actual cuts, isn’t going to solve the debt problem. And he also wants his Doge cuts done. That’s a discretionary side of things. But I don’t know that he, I’m not sure if he understands that you can’t do the doge cuts on the reconciliation bill because reconciliation is meant to deal with mandatory and that any discretionary spending cuts you put on a reconciliation bill, the Senate will deem extraneous and then cut out of the bill through what’s known, a process known as the Byrd process, the Byrd rule process. So they will strip it out until you can’t get it. But we have a plan for how to get to that, but I’m just not sure that Elon understands that. And so right now what we have, to kind of bring this full circle on the status of it, is conservatives are trying to get more cuts in the bill. But this was never going to be a one-step stop to fixing the fiscal crisis. I think that this is a big step in the right direction. It can’t get any worse than it is right now, but it can get better. If they try to make it worse, I just don’t think it’s going to pass. If they try to make it better, I think that there’s a good chance that will still pass depending on how much more they they try to go after. But we still have other reconciliation bills that we can use. You can use them for every single budget. budget resolution that’s passed. So you can do one reconciliation bill. We have the appropriations process later this year. We have rescissions and pocket rescissions that can be used. There’s an impoundment authority that can be used. And that’s just this year. We’ve got all next year, too, to get additional reforms and cuts. And the big thing that we’re aiming for this fall is trying to reset the baseline on discretionary spending. So all lowering that baseline so that it projects out at a lower level. And so you do that combined with all of the other things I’m talking about. And I think you’re going to be able to look back on the end of this year, assuming they get it all done and say, this was by far the most significant step in the right direction of getting us on the path to balancing the budget.
SPEAKER 12 :
Well, I love all that. That sounds great. So Wade Miller, I’m trying to understand this as just a regular citizen, is this big, beautiful bill is big. And there’s a couple of things that I’m concerned about that I don’t think is as beautiful. And here you’ve got Trump that is a big picture guy. But there’s a couple of things that I’m really concerned about. And one is this AI, artificial intelligence, these data centers, what are they collecting data on? More and more people are saying, well, it’s data on us, the people of America. And the amount of energy that would be used to keep those things going, and they don’t want intermittent energy just from solar and wind. And because solar doesn’t work when the sun isn’t shining and wind doesn’t work when the wind’s not blowing, they are going to want consistent energy. energy sources, just like everyday people want energy sources. I just saw that Xcel Energy here in Colorado, there were 10,000 people without power. That changes their lives significantly. So I’m concerned about the AI data centers and then this 10-year carve-out that states couldn’t dictate anything in their state regarding these data centers. And so did Trump know this? Did that get put in by staffers? Have you guys talked about it? What’s your thoughts on that, Wade?
SPEAKER 06 :
I’m still reviewing it. I have similar concerns. There’s upsides and there’s downsides. I think one of the concerns was that if we’re trying to, if we want to have a nationwide AI policy and usher forward responsibly, it would be unhelpful if you have places like New York and California putting all of these woke constraints and insisting that AI must do X, especially if it’s a consumer-driven product, because as everyone kind of knows, If California sets a standard on something, because of the size of their population, it often gets adopted nationally. I mean, this is one of the reasons why toilets barely flush anymore. It’s because California just adopted it. And so the whole market adopted it. That way they didn’t have to make two different toilets for the country. And I think there’s some thinking along those lines that they don’t want. you know, woke far-left states doing ridiculous things with AI, and they want to have a one AI policy for a national policy. But that also has downsides. You noted, you know, what if, you know, what if corporations do some silly things? Like, you know, what is the remedy? What is the recourse for states if that’s the case? And so I think that’s still being evaluated. I don’t know if that’s going to make it into the final version of the bill or not. The Senate’s still considering it. I know that Marjorie Taylor Greene didn’t notice this provision until after she voted on it. Not a knock on her. There’s a lot of little things in there that you would miss if you didn’t read every single line of thousands of pages. So I think that that’s being considered for the the very concerns that you mentioned.
SPEAKER 12 :
Okay, well, that’s good to know that they’re going to be talking about that. And because I feel as I’m looking at this whole AI thing, I love the convenience in some ways of artificial intelligence. But to have these data centers, I watched a video this weekend that said that one of the main things they’re going to be doing is collecting all this data on each of us as individuals. And, Wade, I really am uncomfortable with that. And I think that we as Americans have loved the convenience of technology. So, you know, whenever you get the new update on your phone or whatever, you just go ahead. Yeah, I agree to all of the, you know, the things that it says.
SPEAKER 06 :
Without reading it.
SPEAKER 12 :
Without reading it. And, of course, if you don’t agree with it, then you’re not going to get the service. And so… It’s a big circle, but yet the Fourth Amendment says that we should be secure in our papers and our effects and all that. And so this is a big rub for me right now, Wade.
SPEAKER 06 :
Yeah, no, I agree. There’s very significant privacy concerns. I think it would be worthwhile for Congress to hold hearings to understand exactly what this means. or at least to get some answers out there. You know, if it’s government doing it, then I think that there’s legitimate constitutional concerns. If it’s a private corporation doing it, then I think that we should think about, you know, what are some guardrails that should be put on that? You know, most of our information, if you go out to these, you know, these websites that are already out there, they have most of your personal information already. And the rest of your information is probably on the dark web. That doesn’t mean we have to accept it. It doesn’t mean we shouldn’t do anything about it. But it is something that we should have a conversation about if this is going to be a corporately maintained database. What are they holding on to? How much are we okay with them knowing our name and date of birth and address? Or are they going to be monitoring our social media history, our website searches, that kind of thing? And I think that most Americans would agree that they don’t really care who’s doing it at that point. There’s a point at which it’s too far and there needs to be some guardrails put on it.
SPEAKER 12 :
Okay, and so this is in the big, beautiful bill, but there’s conversations, serious conversations about it is, I think, what I’m hearing from you, Wade.
SPEAKER 06 :
Yeah, the 10-year AI liability immunity, basically, that states can’t tinker with this is in the bill currently. I think that they’re having conversations. I don’t know if that’s going to make it into the final Senate bill that could then get sent back to the House or not.
SPEAKER 12 :
Okay. Wade Miller, thank you. We’re going to continue this discussion. And he is a senior advisor at the Center for Renewing America. So they’re right there on, you know, right there regarding all of these policy decisions. And so last week I called him and said that I had some concerns about Let’s talk about this. I need a lifeline on all this. And he said, okay, we’ll come on and we’ll talk about it. So I really do appreciate that. We’ll continue the discussion with Wade Miller when we come back. We have all of this happening because of our sponsors. And for everything mortgages, reach out to Lorne Levy.
SPEAKER 04 :
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SPEAKER 19 :
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SPEAKER 12 :
And welcome back to The Kim Monson Show. Check out our website. That is KimMonson, M-O-N-S-O-N.com. Sign up for our weekly email newsletter. You can email me at Kim at KimMonson.com as well. Thank you to all of you who support us. We’re an independent voice. We search for truth and clarity by looking at these issues through the lens of freedom versus force, force versus freedom. If something’s a good idea, shouldn’t have to force people to do it. And the two nonprofits that I highlight regularly on the show is the USMC Memorial Foundation. The official Marine Memorial is right here in Colorado at 6th and Colfax in Golden. And it’s time for that facelift. And Paula Searles, who is the president of the foundation, and her team are working diligently to make that happen. And you can get more information by going to usmcmemorialfoundation.org. And then also the Center for American Values, which is located in Pueblo on the Riverwalk, co-founded by Drew Dix, Medal of Honor recipient for actions he took in the Vietnam War, and Brad Padula, who is an Emmy Award-winning documentary maker. They said, we’ve got to have a place where we focus on these values of honor, integrity, and patriotism, nonpartisan, nonpolitical, just those values, and that’s what they do very well. More information, go to AmericanValuesCenter.org. And on the line with me, not to be confused with the Center for American Values, is Wade Miller, who is with the Center for Renewing America. He is a senior advisor. We’re talking about this big, beautiful bill and getting spending cuts. here in America, which is super important. Spending cuts mean that we will have more money in our pockets with tax decreases and also start to chip away at this big debt that we’re passing on to our children, which is unconscionable. And Wade has written a piece published at the end of May, Primer, a pocket rescission strategy to cut spending. And so it’s probably something more in the weed strategy, but tell us about this, Wade Miller.
SPEAKER 06 :
Sure. So everyone’s kind of talking about the one big, beautiful bill right now. That’s a reconciliation bill. There’s another process known as a rescissions package that can be used to cut spending. And so the way a normal rescissions package works is the president sends that package to both the House and the Senate. And once the president has sent that package, the president has 45 days to withhold the fund, regardless of what happens. So Congress during that period of time can either take that bill up and approve it or vote against all of it or vote for some of it. And whatever is not approved by Congress in that 45 day window is is not cut. And so the president then is, you know, unless some other authority is used at that point, the president would be obligated to spend those funds on what the the the priorities that Congress set out for those funds. So that’s a normal rescissions process. There’s a very little known. In fact, it’s so rarely used that most members of Congress until two weeks ago had never even heard of it. And same with staffers. In fact, the last time this was used, I don’t know that any current members of Congress were in Congress. But it’s called a pocket rescission. And so the way this is different and the reason it’s so strategically important to understand is that it’s the same as the rescission process I just explained, except if you do it after August 18th. So if the president submits a package on August 19th or 20th or September 10th or whatever, the president can then withhold those funds for 45 days, regardless of what Congress does. Now, in that period, Congress can do whatever it wants. It can vote against the whole thing. It can vote for the whole thing. It can do nothing. It doesn’t matter. The spending cuts automatically go into effect. And the reason that is is that the 45-day withholding period gets you into October. And why does that matter? Because September 30th is the end of fiscal year 25 for the federal government. And so any funds that are earmarked as fiscal year 25, if they have not been spent by September 30th, the budget authority to spend those funds lapses. So if a president sends a rescission package to Congress after August 18th and then withholds those funds into October, those cuts are automatic. And so what you’ve seen Congress, what you’ve seen the White House do is the president has sent a small rescission package. And a lot of people are complaining, saying it’s only $9 billion. Where’s all the rest of the Doge cuts? Where’s all the rest of the Doge cuts? Well, this first rescission package is a test. If Congress can do its job and pass the rescissions package, then maybe the White House will send more. But if Congress dilly-dallies on this and fails to get the $9 billion in cuts that are in this rescissions package, then my guess is that the White House is going to wait, wait until after August 18th, and then put forward more rescissions packages as pocket rescissions. And I think that’s how you’re going to secure hundreds of billions in discretionary cuts this year. on a lot of the doge cuts that have been identified by Elon Musk and potentially additional dollars that have not been spent.
SPEAKER 12 :
Okay, so Wade, this date of August 18th, after that, the president could send this pocket rescission package over, and if Congress does not act on it, then those expire. Am I getting those, and they’ve not spent the money, then spending that money expires. Am I getting that close? Yes.
SPEAKER 06 :
Yes. In fact, after August 18th, it doesn’t matter what Congress does. Congress can bring the package up and vote against it. They can do whatever they want to do because Congress, in the Impoundment Control Act, allows the president to withhold those funds. So this isn’t an executive authority. This is statutory authority that the president is using that Congress has granted the president. If the president withholds those funds for 45 days during that period— No matter what Congress does, those cuts are automatically going to place.
SPEAKER 12 :
So all of this Biden green money out there now, I had seen a headline that Trump was going to possibly repurpose some of that money for other things. I’d prefer that they not spend that money. So would that be something that’s on the table?
SPEAKER 06 :
It’s hard to say what all will be on the table. Certainly the Doge cuts, all of the things that Elon Musk has identified would be on the table. But there’s certainly a lot of other things. If the money has not been spent, then it could be on the table. And that’s the big question. And that’s one of the reasons that this process is so rare and no one’s ever heard of it is usually by August and September, most of the money has been spent. This administration has been unique in their desire to claw back and hold on to a lot of money specifically for this purpose.
SPEAKER 12 :
Boy, this is complicated, but it sounds exciting to me, Wade Miller.
SPEAKER 06 :
It is. And the reason I really like it is that… It’s essentially a sure thing. And again, I know a lot of people want more cuts. They want to know why the DOS cuts haven’t been implemented. They want to know why Congress hasn’t done more. And part of this is if you understand that Congress, there’s a good chance this is going to mess this up or vote down for decisions, you kind of don’t want anything to happen right now. You want to wait about another month and a half to get us into that window in August. so that we don’t have to worry about Mitch McConnell, Susan Collins, Lisa Murkowski just deciding that even though they campaign as fiscal conservatives, they can’t do the simplest fiscally conservative thing, then let’s just do the pocket rescission strategy. I think that’s a smart strategy for the president and OMB to execute on, especially given that Congress has given them this authority in statute since the 1970s.
SPEAKER 12 :
And so this certainly would be constitutional because this authority has been given to the president by Congress. So this is not circumventing the Constitution whatsoever, correct?
SPEAKER 06 :
Correct. And the GAO put out a report in the 70s and it basically said, hey, I don’t know if you guys meant to do this. But this isn’t statute. And if Congress doesn’t like this, then Congress, it’s on them to go in and change the law that they wrote. So this isn’t like impoundment where it’s more of a legal theory. This is just this is what Congress has put in statute. And so I think the courts would bless any pocket rescission strategy that the president used.
SPEAKER 12 :
Boy, this is absolutely fascinating, Wade Miller. And I thank you for this. And how can people get more information, and how can they support the great work that you and your team do?
SPEAKER 06 :
Sure. We have our website, americarenewing.com. We’ve got social media on most of the social media platforms. My ex-account is wademiller__usmc. I’d love to have followers, and I’d love for people to go check out our work and send it around to their friends.
SPEAKER 12 :
Well, Wade Miller, thank you so much. I really appreciate the great work you’re doing. And we’ve got a country to save here. So thanks for what you’re doing.
SPEAKER 06 :
Thank you. Have a good one.
SPEAKER 12 :
And our quote for the end of the show is from Edmund Burke, and he was focused on manners. And it’s very bad manners of what’s happening out in L.A. right now, waving the flag of Mexico, destroying businesses, destroying, vandalizing, graffiti. That’s really bad manners. And so this is a quote from Edmund Burke. He said, “…manners are of more importance than laws. Manners are what vex or soothe, corrupt or purify.” exalt or debase barbarize or refine us by a constant steady uniform insensible operation like that of the air we breathe so today be grateful read great books think good thoughts listen to beautiful music communicate and listen well live honestly and authentically strive for high ideals and like superman stand for truth justice and the american way my friends you are not alone god bless you god bless america stay tuned for hour number two
SPEAKER 09 :
But tell them if I don’t survive
SPEAKER 14 :
The views and opinions expressed on KLZ 560 are those of the speaker, commentators, hosts, their guests, and callers. They are not necessarily the views and opinions of Crawford Broadcasting or KLZ management, employees, associates, or advertisers. KLZ 560 is a Crawford Broadcasting God and country station.
SPEAKER 03 :
It’s the Kim Monson Show, analyzing the most important stories.
SPEAKER 12 :
The socialization of transportation, education, energy, housing, and water, what it means is that government controls it through rules and regulations.
SPEAKER 03 :
The latest in politics and world affairs.
SPEAKER 12 :
Under the disguise of bipartisanship and nonpartisanship, it’s actually tapping down the truth.
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Today’s current opinions and ideas.
SPEAKER 12 :
On an equal field in the battle of ideas, mistruths and misconceptions is getting us into a world of hurt.
SPEAKER 03 :
Is it freedom or is it force? Let’s have a conversation.
SPEAKER 12 :
Indeed, let’s have a conversation. And welcome to our number two of the Kim Monson Show. Thank you so much for joining us. You each are treasured. You’re valued. You have purpose. Today, strive for excellence. Take care of your heart, your soul, your mind, and your body, my friends. We were made for this moment in history. Thank you to the team. That’s Producer Joe, Luke, Rachel, Zach, Echo, Charlie, Mike, Teresa, Amanda, and all the people here at Crawford Broadcasting. Happy Wednesday, Producer Joe.
SPEAKER 02 :
Happy Wednesday, Kim.
SPEAKER 12 :
And that was super interesting with Wade Miller with the Center for Renewing America and our number one regarding this little-known pocket rescission strategy, which is something that Trump may be able to use to get doge cuts through this year. And if you missed that interview, that will be rebroadcast today, 1 to 2 in the afternoon. because the show comes to you 6 to 8 a.m. Monday through Friday on all KLZ 560 platforms, which is KLZ 560 AM, KLZ 100.7 FM, the KLZ website, the KLZ app. First hour is rebroadcast 1 to 2 in the afternoon. Second hour, 10 to 11 at night. Check out our website. That is Kim Monson, M-O-N-S-O-N.com. While you’re there, make sure you’re signed up for our weekly email newsletter. You can do that down at the bottom. And that’s the newsletter that goes out on Sundays, highlighting our upcoming guests as well as our most recent essays. You can email me at kim at kimmonson.com. Best way typically is the text line 720-605-0647. And thank you to all of you who support us. We’re an independent voice on an independent station. And we search for truth and clarity by looking at these issues through this lens of freedom versus force, force versus freedom. Something’s a good idea. You shouldn’t have to force people to do it. Thank you to Laramie Energy for their gold sponsorship of the show. It is reliable, efficient, affordable, and abundant energy from oil, natural gas, and coal that powers our lives, fuels our hopes and dreams, and empowers us to change our own personal climate. Word of the day. It’s a fun word. You should enjoy saying this today. It’s gobsmacked. G-O-B-S-M-A-C-K-E-D. It’s chiefly informal British. It could be overwhelmed with wonder, surprise, or shock astounded. I think that many of those in Congress will be gobsmacked if, in fact, this pocket rescission strategy goes through with Trump. I think that many of them will be gobsmacked with the reduction, hopefully, in spending here in America. Yeah. Your challenge is to use the word gobsmacked in a sentence today. Our quote of the day is from Edmund Burke, and he was born in 1729, died in 1797, and he is considered one of the most influential conservative thinkers and writers in history. And many of you have seen this quote. But it says the only thing necessary for the triumph of evil is for good men to do nothing. So each of us has to do something. And when you look at whatever it is that keeps you up at night, the number one thing, then it is important that you become involved and know what’s going on in that particular on that issue. and take action. So again, Edmund Burke, the only thing necessary for the triumph of evil was for good men to do nothing. And this whole No Kings movement that is, they’re calling for protests on Saturday, which is Flag Day. It’s also Donald Trump’s birthday. And when you look at how well organized and well-financed this is by organizations on the left, we realize that this is not necessarily maybe protest, that in fact this might be, some people might call it, let’s see what happens, but an insurrection. And what we’re seeing in L.A. with the vandalizing of property, And Karen Bass says we’re going to have to come together to fix this. She should have made sure that it didn’t happen to begin with as the mayor of Los Angeles. And so there’s a difference between peaceful protest and damaging property, and those are two different things. And so let’s stay tuned. I guess there was a protest in Denver last night. And, of course, you can check out knowkings.org, and you can find where they are trying to organize protests for this weekend, as well as you can see many of their partners. And so take a look at knowkings.org. You’ll become more informed on what’s happening out there. Lauren Levy is on the line. He is an expert in everything mortgages. He works with a lot of different companies, which is great because that means there’s lots of different options. He can help you in 49 of the 50 states, just not New York. Lauren Levy, welcome to the show.
SPEAKER 18 :
Hey, good morning, Kim.
SPEAKER 12 :
And, hey, Richard, the limo guy, just texted me this just a few minutes ago. He says two things. Trump is saying that the China trade deal is signed. I saw that come across the wire. He said also the consumer price index came in at about 0.1% instead of the expected 0.2%. And then I took a quick look here. There was an article. It says a Fed official revamps interest rate cut forecast for rest of this year. This Fed official, it looked to me like he was just being noncommittal on interest rates. So what’s your ear to the ground saying, Lorne?
SPEAKER 18 :
That’s interesting. Those numbers are right. We just got the inflation data for on the CPI, and it did come in about 0.1 lower, which is good. We saw the 10-year yield move down from like 448 to about 444 to 443, which is good. You know, the long-term, the Fed, when they cut rates, Tim, they control the short-term rates. They control basically what they lend money to banks at on what’s called the overnight rate. So they mostly move, when they move, the two-year note reacts and the short-term notes react The 10-year note and the 30-year are usually following more long-term things like inflation fears or the trade deal. So this China deal hopefully will be good. I saw what I read is that the guys that were over in London have some sort of a framework and they’re flying home to hopefully have Trump approve it. So that would be helpful. You know, anything we can do to get the 10-year Treasury yield down. is going to be great for mortgage rates, which is going to help the housing market and help people refinance and all good stuff, you know. So hopefully that continues to happen.
SPEAKER 12 :
Well, because as people are being squeezed, if – and I’m thinking of young people that are – want to buy a home, want to have a family, and many times they’re feeling that that’s out of reach because – just because of this economy and how expensive everything is. If, in fact, these interest rates can come down or if you have a young family that’s maybe purchased something recently, bringing those interest rates down would help them immensely, yes?
SPEAKER 18 :
Absolutely, especially when, you know, you and I talk all the time when people are getting into homes and they’re doing it at, you know, close to maybe the maximum they can afford on a monthly basis. We can come in and help those people save a few hundred dollars additional a month in savings off their payment. That’s terrific to take the stress and pressure off and help them, you know, pay for something else. You know, we talk a lot, and I hear this from people a lot, you know, when I bought my first house or, you know, kind of one of those stories when people were younger, you know, this is not the first time rates have been seven. I bought my first townhouse at eight and a quarter, you know, back in the early 2000s, but that was a property that was $220,000 that now sells for $450,000. So it’s all relative. We’ve had so much appreciation in our home values that then you stack on these high rates, and it’s really hard for young people. So, yeah, any relief that we can get them with rates coming down would be hugely helpful.
SPEAKER 12 :
Well, I really hope that that’s going to happen. Again, the Fed, it seems like they’re so stubborn. For so long, they kept rates artificially low. I picture you in the studio looking at you saying people can get their mortgages at 3%, and we just couldn’t believe it, and we were encouraging people to take advantage of that. And so the Fed kept rates artificially low. Are they keeping them artificially high now?
SPEAKER 18 :
Well, here’s what I think about that. I don’t know if they’re keeping monetary high. The disconnect a little bit is that when the Fed does cut rates, they don’t cut the 10-year note, okay? The 10-year note tends to react accordingly and come down. But if there’s inflation fears or the economy is really humming along nicely, the 10-year will not necessarily come down. And that’s what we need to have come down. That’s what is pegged to 30-year interest rates on mortgages is that 10-year treasury. So the Fed can definitely lower rates and help. Their fear, I think, is that they stoke inflation again if they lower too quick. But we’ve also seen now, I’m reading, I just read yesterday there was a company, I think it was Paramount, that was laying off a chunk of their workforce. That’s not a great sign. And so if we start to see that, then the Fed will definitely lower. But what we’d like to see is that 10-year Treasury come down, which is really what will drive mortgage rates down. And the other thing that the Fed was doing, Kim, that’s really important back when rates were 3%, is they were what was called the buyer of last resort. They stepped in to buy mortgages from banks and guarantee them when no one else was willing to do it because of fear, primarily due to COVID-19. So now Fannie Mae and Freddie Mac still back the mortgages, but they’re being sold as part of bonds on Wall Street, collateralized bonds. So Wall Street has a certain level of hunger and demand for an interest rate that they want to be paid for the risk versus the Fed being the last buyer of last resort. They stopped doing that. So that was one of the reasons they were artificially low, as you say. Not that they had cut rates so low, which they had. but that they were buying the mortgages from the banks with no concern over risk. They were just backstopping them. And that really drove the rates low. And they stopped doing that as part of their tightening, they call it, their quantitative tightening a couple years back. So I don’t know that they’ll step in and start buying them again. We don’t have that kind of risk. We don’t have a pandemic, and the economy is doing well. So that’s one of the biggest reasons that they were down so low is that the Fed was the buyer of the loans, whereas now they’re out of that market.
SPEAKER 12 :
Okay. And I would say that to try to get us to more free markets, they should stay out of that market as well.
SPEAKER 18 :
Exactly. So that’s what we have now is more of a free market, like you say, as compared to the 10-year Treasury. So if the 10-year Treasury goes from $440 down to, let’s say, $350. we’d see a big move. We’d have rates in the fives, you know. So that’s what we really want to see is the 10-year Treasury come down.
SPEAKER 12 :
Okay. Well, absolutely fascinating. And for everything mortgages, make sure that you reach out to Lorne Levy because he works with a lot of different companies and can help you in 49 of the 50 states, just not New York. And what’s that number to reach you, Lorne Levy?
SPEAKER 18 :
As always, just call 303-880-8881.
SPEAKER 12 :
And that is Lorne Levy. Lorne, we’ll talk with you next week.
SPEAKER 18 :
Okay. Thank you so much, Kim.
SPEAKER 12 :
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SPEAKER 19 :
You’d like to get in touch with one of the sponsors of The Kim Monson Show, but you can’t remember their phone contact or website information. Find a full list of advertising partners on Kim’s website, kimmonson.com. That’s Kim, M-O-N-S-O-N dot com.
SPEAKER 16 :
Salute the ones who died.
SPEAKER 12 :
And welcome back to The Kim Monson Show. Be sure and check out our website. That is KimMonson, M-O-N-S-O-N.com. Sign up for our weekly email newsletter. You can email me at Kim at KimMonson.com as well. Thank you to all of you who support us. We’re an independent voice and we search for truth and clarity by looking at these issues through the lens of freedom versus force, force versus freedom. If something’s a good idea, you should not have to force people to do it. And wanted to mention that financial freedom starts with the right guide and meant financial strategies is here to help. As an independent firm with over 25 years of experience and the credentials of an accredited investment fiduciary, they offer advice that’s focused on you, not a sales quota. Their strategy first approach is all about helping you live life on your terms with clarity, confidence, and control. Call Mint Financial Strategies today at 303-285-3080. Your path to independent financial confidence. And that number is 303-285-3080. And it is Wednesday, so we’re talking with Trent Luce, sixth-generation farmer and rancher, lives in Nebraska. Trent Luce, welcome.
SPEAKER 07 :
Hi, Kim. I’m in Nebraska today. How about that? Although I’m in Omaha, I’m not at my normal headquarters, headquarter location. And what are you doing in Omaha? Well, I saw that the world’s largest biofuels expo was taking place. It is the 41st annual international fuel expo and workshop. It is a combination of four different meetings, and that involves all ethanol, sustainable fuel summit, the carbon capture and storage summit, which obviously caught my attention, and the ethanol 101. So we’re talking about the future of fuel. And we had one of our Your loyal listeners who years ago, I think two years ago, maybe started talking about the potential in methanol. And I finally found the expert in methanol and how that could definitely be a part of our energy in the future.
SPEAKER 12 :
So what is your takeaway on biofuels? Ethanol, there’s a lot of people that have been concerned that why would we use energy to raise corn to create ethanol, to create energy? What would you say to that, Trent Luce?
SPEAKER 07 :
I think that it’s a wash in terms of the amount of energy that’s expended. It’s how you put the formula together. One thing that gets left out of the equation is that the ethanol process does have a byproduct in distillers grains that is fed to livestock and that contributes to the overall efficiency and food production that never gets included in that equation. But it’s a domestic supply of fuel. And as long as we’re not using subsidies and tax credits to build the industry, I’m 100 percent supportive, which is why I’m 100 percent frustrated at this particular event, because of all the speakers. There’s only been one that says, look, guys, we got to get away from our reliance on subsidies and 45 tax credits. If we can’t build a system that’s self-sustaining, we shouldn’t be doing it. Well, you might guess who the one person I’ve interviewed this week is, Kim.
SPEAKER 12 :
Maybe I’m looking at your substack. Is it Harriet Hageman?
SPEAKER 07 :
Harriet Hageman is not here, and she is definitely not on this path. In fact, I’ve got a major problem with Harriet Hageman at the moment. But no, I have not had the ability to post the interview that I did. with Kurt Diker, who is the individual from Wichita, who said, look, we’ve got to build this thing to be net energy positive. We’ve got to do it without subsidies. And the opportunity is endless. He gave one example, and I mentioned methanol. And there’s a Netherlands initiative where they’re building green methanol. The market and the sale price of green methanol is currently $300 a ton. They’re spending $1,200 a ton to make something that has a value of $300 a ton. So they’re offsetting that with subsidies. We’re saying, well, it’s the fuel of the future. Okay, maybe it is the fuel of the future, but you have to get this cost in line. You cannot continue to rely for fuel. And here’s the most troubling thing about everything that I’ve heard here this week with people from around the world. This is not just the United States. This is a global event. When it says international, it truly is. Every presenter talks about how they can achieve the same energy net that you get from fossil-based energy. It’s like, why are we moving away from something that you admittedly are talking about is the most energy efficient system we could possibly have? Well, then, of course, they answer, well, we’ve got to have clean energy. You don’t even know what clean energy is, if that’s what you’re talking to me about. I’m all about innovation and finding new methods. But you don’t do it by just letting set a resource that is abundant in our country and fuel oil resources. is renewable. The Earth is continuing to generate oil all the time. You can’t say the same thing for coal, but we have 1,000 years’ worth of coal left in our soil.
SPEAKER 12 :
So… bottom line though is all of these things ethanol carbon capture all of those things are reliant upon tax incentives and subsidies and what that means is is that instead of treating industries impartially treating them equally, which is we’re supposed to be, everything’s supposed to be equal under the American idea, that all of these different industries, it sounds like at this expo, are relying upon incentives and subsidies, yes? Yes.
SPEAKER 07 :
I don’t want to agree to your word all, but certainly more than 95% are trying to find every possible subsidy and tax credit they can get. And let’s define quickly the difference between a tax credit, and I remember the very first time that you and I were talking about CO2 pipelines, and I told you about the subsidies, and it is in the form of a tax credit, and it caught your attention. A tax credit is something that a billionaire like Warren Buffett, and obviously I could talk about Warren Buffett because I’m in the town he lives in, bragged about getting $37 million in tax credits just from wind in 2024 alone. A tax credit is a tax that does not need to be paid. The difference between a tax credit and a subsidy is that when you receive a subsidy, it is still taxable income to the entity. When you get a tax credit, it’s like a double subsidy because you’re getting a deduction in your tax without receiving the income. That’s why the wealthy continue to seek tax credit.
SPEAKER 12 :
And then those tax credits, for example, for the CO2 pipelines. can then be sold, which would be – so let’s say that you have a $37 million tax bill, and you are not in the business that would get the tax incentive – But so let’s say that you have $37 million on the table. If you can buy those tax credits for half or say let’s say $15 million, you’ll spend the $15 million so that you can save the additional amount there. And then the entity that has been putting in whatever it is, the pipeline or the ethanol plant or whatever it is, then they receive that $15 million in income. Am I getting that correct, that whole circle?
SPEAKER 07 :
They get that $15 million in tax credits, not in income, but you’re correct.
SPEAKER 12 :
But Warren Buffett, well… Oh, yeah.
SPEAKER 07 :
Whoever sold it is going to get that.
SPEAKER 12 :
Right. So they’re going to get that income. So that’s why you and I, I think we both agree, we want to get rid of subsidies. We want to get rid of tax incentives because that is… Government, on one hand, taking from one person to give to another with subsidies. And with tax incentives, it’s putting their finger on the scale regarding one industry over another. And an example, you did mention Warren Buffett. And I remember in the Obama discussions regarding taxes where you had Warren Buffett and different – and maybe – And I’m putting him in this this big group. They’re saying that everybody needs to pay their fair share. And Warren Buffett said, my secretary pays a higher percentage of her income in taxes than I do. And I’m like, well, Warren, why don’t you just go ahead and pay more in taxes if that’s what you want to do? But now what you’re saying is, Warren. in true human nature, wants to reduce the amount of taxes that he has to pay. And so ultimately, who’s on the chopping block on all this? It’s everyday, hardworking Americans, I think. Trent Luce, your thoughts?
SPEAKER 07 :
I agree 100%. And that’s why we have this big drain sucking sound coming from the working families that cannot afford to pay insurance, cannot afford to pay their taxes as they are today, And now we have just yet another transfer of what we’re trying to accomplish. You can’t even call it a transfer of wealth. We’re just trying to get from one day to the next so that we have something to give to the next generation. And it’s all being robbed from us to give to the wealthy.
SPEAKER 12 :
And government and big business like each other because that way the big business can work with government to get their outcomes. And I, as you know, I love money. Capitalism, real capitalism, which is the free exchange of value for value without coercion. But government and big business like each other because they can really make it difficult on the little guy. And the little guy is typically the creator and the innovator. So we’ll continue the discussion with Trent Luce. These are important discussions to have and really do appreciate the Second Syndicate, which is standing for our Second Amendment rights, the right to keep and bear firearms. to protect ourselves against bad actors.
SPEAKER 02 :
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SPEAKER 13 :
is essential for your success, especially during tough economic times. If you love The Kim Monson Show, strive for excellence and understand the importance of engaging in the battle of ideas that is raging in America, then talk with Kim about partnership, sponsorship opportunities. Email kim at kimmonson.com. Kim focuses on creating relationships with individuals and businesses that are tops in their fields. So they are the trusted experts listeners turn to when looking for products or services. Kim personally endorses each of her sponsors. Again, reach out to Kim at KimMonson.com.
SPEAKER 08 :
I miss me.
SPEAKER 12 :
And welcome back to The Kim Monson Show. Be sure and check out our website. That is Kim Monson, M-O-N-S-O-N.com. Sign up for our weekly email newsletter. You can email me at Kim at KimMonson.com as well. Thank you to all of you who support us. We’re an independent voice. We search for truth and clarity by looking at these issues through the lens of freedom versus force, force versus freedom. If something’s a good idea, you should not have to force people to do it. And text line is 720-605-0647. And I wanted to mention the USMC Memorial Foundation, which is one of the nonprofits I dearly love. We need to remember and honor all those that have given their lives or been willing to give their lives for our liberty. And liberty is the responsible exercise of freedom. And check out what they have planned for the USMC Memorial Foundation. At usmcmemorialfoundation.org, you can help them there. Trent Luce is on the line with me. Trent is a sixth-generation farmer and rancher. And, Trent, I watched the video of you with South Dakota Representative Carla Lims. She is running for governor. to be the next lieutenant governor of South Dakota and the South Dakota Senate delegation to Washington DC regarding some things they’re concerned about in the big beautiful bill so talk to me a little bit about that.
SPEAKER 07 :
Well, the primary concern of the South Dakota delegation, and they felt very good about this, was to make sure that the 45Q tax credits don’t get back into, or excuse me, that’s not exactly how it’s worded. The federalization of the CO2 pipeline, including eminent domain, would come back into play on the Senate side that the House removed from H.R. 1, which you referred to as the big ugly bill. Now, along with that, they were putting pressure on everybody they visited with to remove 45Q, 45Z, and all of those tax credits that we were previously talking about. Because at the end of the day, if we eliminate the tax credits, all of these problems just fade away. They felt really good, as you heard, Carla Lems, and she is running with John Hanson. John Hanson is from Del Rapids. He’s running, campaigning for the next governor of South Dakota. Carla would be his attorney general. Excuse me, it would be his lieutenant general or lieutenant governor, just like you said. I should just let you continue to say that, Kim, instead of me. But anyway, the one bearing issue that they did not feel good about was this AI center growth and what we see taking place and how that’s accelerated since the Trump team secured $20 billion in Saudi Arabia. And in the last week, I’ve spent a tremendous amount of time looking at the resource depletion of AI centers. We’re currently producing 50% of the artificial intelligence in the world. And we want to expand that at an alarming rate. In fact, you mentioned Harriet Hageman. I had her on my broadcast two days after she voted for H.R. 1 or the big ugly bill. And she is supporting. This is a woman that has been a champion for property rights, a champion against them in a domain. And she point blank told me in a very concerning way that she supports artificial intelligence demand or growth and building and permitting. We can’t afford it. And I’m not talking about financially afforded. We can’t afford the resources it needs. Just to give you a quick example, every computer, these supercomputers have to be trained to do their artificial intelligence. One training discipline requires 185,000 gallons of water for every training discipline you want to bring to that computer for the purposes of AI. The amount of water, and currently artificial intelligence is using 5%. of the nation’s electric supply it’s estimated by 2028 it will triple that’d be at 15 of the electric supply so when you consider the massive amount of water and the massive amount of electricity and the one that really comes to mind is ellendale north dakota where i was just three weeks ago and that one facility on uh literally 380 acres is going to use the amount of electricity of Denver seven times, seven times Denver’s daily electric use on a daily basis. So all of those things were the topic of discussion. The South Dakota team felt really good about keeping eminent domain for the purposes of CO2 pipelines out of the mix. They did not feel good at all about artificial intelligence. It is our number one pressing issue right now in my mind.
SPEAKER 12 :
If we I’m concerned about artificial intelligence as well, because what is it that data? What is it they’re collecting? And ultimately, it looks like they’ll be collecting data on each and every American, which goes directly against the Fourth Amendment that we should be secure in our, our papers and our possessions. Unfortunately, Trent, I think that we give up that right when we sign whatever that agreement is with Apple or Google or whatever when we’re running their services. And if we don’t sign and say yes, then we will not be able to use their services. And, of course, we are relying on that. What do you say to all that?
SPEAKER 07 :
Well, even the founder of AI is now saying that he regrets creating the path for this to happen because to your point, it will destroy humanity. And we have people who are championing the fact that we can teach AI to do all of these things that humans were previously doing, including problem solving and all of this other stuff. How do you support teaching a computer to do all of the things that humans are now doing and expect that you’re going to have a place in the future? It’s a complete disconnect of what artificial intelligence really is. And I have another example. I’ve got a daughter that’s just pretty high on GBT. Apparently this is some chat with an AI. You can go on and ask a question. Boom, they’ll give it back to you. For every 30 transactions of GBT on AI that you have, every time there’s a 30-person interaction, It requires 16 ounces a drink. So what they’re saying is it requires a 16 ounce drink of water for every 30 transactions with GBT.
SPEAKER 12 :
Chat GBT?
SPEAKER 07 :
Water, chat, GBT. Yes, that’s what I’m talking about. That’s how disconnected I am from this. I didn’t even officially know what it’s called. But every 30 transactions is a 16 ounce drink of water. And that put into context with every transaction that uses 1,735 kilowatts of electricity, which is equivalent of a household for two months, the average household for two months. And we’re doing zillions of transactions on a daily basis now, and they want to take this to a level that’s absolutely concerning beyond belief. And that’s all just from the resource side. The destruction of humanity is really where we should be focused.
SPEAKER 12 :
Well, one of the arguments out there is we want to stay ahead of China on this AI. What would you say to that, Trent Luce?
SPEAKER 07 :
For what purpose?
SPEAKER 12 :
Well, so that we’re ahead of China on the issue.
SPEAKER 07 :
For what purpose? We want to stay ahead of China on AI. which at the end of the day provides us information. That’s all it provides us. Meanwhile, China provides over 85% of all of our medical components. Meanwhile, China provides 90% of the world’s nutritional value. I’m talking about basically trace minerals and rare earth minerals. I know there’s so many areas. China is absolutely dominating. And yet in the world of artificial intelligence, which at the end of the day, how does it improve anything in your community? It doesn’t. yet we have this motivation to stay ahead of china why china doesn’t want this china banned the utilization of bitcoin mining and uh crypto mining and artificial intelligence because it’s too resource intensive they said that right in their own legislative whatever their communist legislation process is we won’t do that and yet they’re investing in our bitcoin man i went to southwest kansas to a facility that’s owned by a Chinese outfit, they were, the reason I got called is that particular Bitcoin mining was paying $600,000 a month for electric bills to the local co-op.
SPEAKER 12 :
And it was owned by China. But China has already, or there’s reports that China has all of this information on all of their citizens so that they can do social credit scoring, which that’s one of the things I’m concerned with with AI here in America is it could set up a system where there could be a social credit system on Americans. I’m very concerned about that. But China already has that on their citizens, yes? Yes.
SPEAKER 07 :
I don’t know that to be true. I’m not saying that you’re wrong. I don’t know that to be true. What I do know is that we no longer have the petrodollar and all of a sudden we have this push by everybody at a time that we believe that monetary system is going to go digital. It looks pretty clearly to me that the powers that be want this AI to be a part of the currency distribution of the future and exactly what you just said, moving us into that digital world where it’s all online.
SPEAKER 12 :
And boy, so if we got government out of and this is coming in paraphrasing from Mark says keep government out of the economy and the AI problem goes away. I think he’s right. Yes, he’s right.
SPEAKER 07 :
In every regard, government is a problem in every regard. And I just want to repeat something that is just very become very aware this way. I’ve become very aware. Insurance and taxes, all created by government entities, are prohibiting small businesses and families from continuing to be a part of what they need to do to survive, live and flourish.
SPEAKER 12 :
Thrive and flourish. Because, yeah. So we’re going to continue the discussion with Trent Luce regarding the South Dakota delegation that went to Washington, D.C., their concern about… These tax incentives, we need to get rid of tax incentives across the board, and that would solve a whole bunch of our problems. And these are such important discussions. If you’ve been injured, make sure that you reach out to John Bozen and Bozen Law.
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SPEAKER 20 :
All of Kim’s sponsors are an inclusive partnership with Kim and are not affiliated with or in partnership with KLZ or Crawford Broadcasting. If you would like to support the work of the Kim Monson Show and grow your business, contact Kim at her website, kimmonson.com. That’s Kim Monson, M-O-N-S-O-N dot com. Trouble doesn’t knock.
SPEAKER 17 :
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SPEAKER 09 :
It’s a great day to be here.
SPEAKER 12 :
And welcome back to the Kim Monson Show. Be sure and check out our website. That is Kim Monson, M-O-N-S-O-N.com. Sign up for our weekly email newsletter. You can email me at Kim at KimMonson.com as well. And check out the Center for American Values located in Pueblo on the beautiful Riverwalk. Take the kids down there while they’re off this summer to see the fabulous portraits of valor of many of our Medal of Honor recipients and talk with them about what this means exactly. And the center focuses on honor, integrity, and patriotism. They’re nonpolitical. They’re nonpartisan. That website is AmericanValueCenter.org. Talking with Trent Luce, on these AI centers, a question came in from Mark. What is all the water used for on these AI centers?
SPEAKER 07 :
Cooling, 100% for cooling because the generation of these computers running nonstop at a massive rate, it creates heat that is unbelievable. And so the water is 100% for cooling.
SPEAKER 12 :
And water, especially in the West, is a very important commodity. We’re always being told that we need to conserve, conserve, use less. As our friend Ivana said, you cannot have water conservation without water storage. And the enviros have prevented a lot of water storage projects. We’ve had a lot of rain here in Colorado. It would have been a nice time to have put some water away for a non-rainy day. And so we’ve been concerned about everyday people. We’ve seen stories out of California that to take less showers, less water. But then all of a sudden with the AI, there’s no conversation about all this water.
SPEAKER 07 :
70 percent of the global land water, groundwater, not land water, groundwater is used for irrigating food crops for people. If we continue to accelerate artificial intelligence to data centers, no matter what country they’re in, what segment of industry is going to suffer the availability of water? Kim, at every turn, we come back to the same scenario, a challenge to continue to feed people for the world.
SPEAKER 12 :
And bottom line is that we want every human being to be able to thrive and to flourish. And it seems like it’s being attacked on every which way coming at people. So that’s why we’ve got to get government. We’ve got the way out of this mess, and that is the vision of our Declaration and our Constitution. So we’ve got Gammy on the line and Gammy, we’ve got about a minute 30. What’s on your radar?
SPEAKER 10 :
Good morning. Well, I’m just going to be singing the song. Who’s in charge? We’re not asking this. You know, every time you say look under the hood. Well, guess what? everybody needs to watch on rumble the documentary called the agenda because it’s two hours it’s long but it tells you who’s controlling you who’s controlling the global one world order who is doing this to you the black rocks of the world i’ve named these over and over world economic forum the who the un has c40 smart cities all over america this is in the middle of trying to stop human beings from using resources so they can add it to their AI agenda, which is nothing more than complete control. Even when you fart, they’ll know. I mean, it’s gotten so insane, you know, and it’s frightening, though, because of another reason. And Trent named all that today when he was discussing these different people, legislators running for office. We on a local level have got to get louder with our commissioners, our city council, our utilities, our water people, because we are not in control. The Fed should have been shut down already. The IRS should have been shut down, could have had a fair tax on things. If you really needed the money. But everything that is sustainable for life is being shut down. It’s not just Noel Harari and Schwab and the World Economic Forum Davos. It’s all of them that are doing the shutting down.
SPEAKER 12 :
It is all connected, and what’s on the line is human flourishing. And the American Idea has put in place a society where everyday people could own property and go after their hopes and dreams, pay limited amount of taxes, and people would thrive and flourish. He was a farmer, and he said, I farm because I want to take care of my family, and I also want to feed the world. And we were getting to a point where I think we were eradicating world hunger because of the American farmer, Trent Luce.
SPEAKER 07 :
100% accurate. In fact, I’ve got data to back that up. In 1920, the global population was 2 billion people. 80 of the 2 billion people were considered food insecure we know that now we’re at eight plus billion people and 20 of the people are food insecure as a direct result of what you just described there kim and i i want to also just before we run out of time last night i had the opportunity to spend an hour and a half on a zoom call with over 100 people in the state of south dakota alone And I was walking through these AI Center challenges because they had a bill that would have given AI development a $20 million tax rebate in the state of South Dakota. So I wanted to know more information. And when we closed, they said, Trent, don’t leave us with all this doom and gloom. What’s the bright spot? And I said, the bright spot is right here in South Dakota. I walked you through, Kim, RL21, where the people did not take what legislative bodies put in place and said, we reject that. We’re going to get loud. We’re going to make a difference. And each state has to recognize that we are an individual state, part of the union of states, and that we don’t like what’s happening. We get loud. We become gammy on steroids. She’s not wild enough. We’ve got to get louder than gammy to make a difference. But we can’t be individuals. We have to do it collectively as citizens of the state.
SPEAKER 12 :
Well, and in some ways it seems daunting because this is occurring at the local, the county, the state, and also the federal level. And so what is the basis that we need to base all this on? Well, I think we reclaim… This vision of the Declaration, all men are created equal. They have these rights to life, liberty, pursuit of happiness. And so what that means is pursuit of happiness is that you don’t take from one person to give to another via subsidies, tax incentives, to push a specific agenda. And I think that we’ve got the recipe on what to do, and it’s based in our foundational documents, Trent Luce.
SPEAKER 07 :
Yeah, and I might have left this out, Kim. I want to make sure we get it in. The reason we’re talking about the HR1 big ugly bill and AI centers, it is, as it’s written today, removes local control. The state, the county has no ability to regulate, permit, or create setbacks for an AI center if we allow HR1 to go through as it’s written. It’s a removal of local control that is our greatest challenge. We must maintain that, Kim.
SPEAKER 12 :
We really must maintain that. And that’s been taken out of the Big Beautiful Bill, yes?
SPEAKER 07 :
No. No, it’s still there.
SPEAKER 12 :
It is still there.
SPEAKER 07 :
Okay. As it passed the House. A 10-year ban on any local control on AI centers is still in the bill. That needs to be removed. The bill needs to die. The bill just flat needs to die. You can’t increase our spending by $2.6 trillion a year and expect we’re going to decrease government.
SPEAKER 12 :
Now, you know what? I bet you probably didn’t hear our number one. I did have Wade Miller on with the Center for Renewing America, and we did go through that particular statement by the CBO, the Congressional Budget Office, and he disagrees with that assessment. He says that there really are spending cuts in there because I said, Wade, I’ve got to have a discussion about that. So we did. So there are some differing opinions. points of view on that to Trent Luce, but I think we do agree we must reduce spending. We must reduce the debt. We must make sure that we maintain local control. We can’t be giving special deals in the forms of tax incentives, tax credits, permitting, a variety of things. Those things have got to stop across the board at the local, the county, the state, and the federal level. Your final thought, we’ve got about a minute or so.
SPEAKER 07 :
I’ve heard that argument that Wade presented. I don’t agree with it. It’s still creating a bigger government. Whether it’s $2.6 trillion or not, it’s creating a bigger government. And there is no removal of what you just described that enables the government to be all power and control everything, giving tax credits and preferential treatment to people. It’s in there. It must be killed.
SPEAKER 12 :
Those must be taken out for sure. And, oh, Trent, it’s always very interesting when we have these discussions. And I did want to mention GAMI said C40 cities. You can take a look at C40.org. It says C40 is a global network of mayors of the world’s leading cities that are united in action to confront the climate crisis. That’s why you need to take a look at climateconversation.com because right there, we challenge that there is a climate crisis, but that term is being used to try to control all of us. Okay, Trent Luce, as always, thank you.
SPEAKER 07 :
God bless the veterans and the farmers who feed us.
SPEAKER 12 :
Absolutely. Our quote for the end of the show is Edmund Burke, and he’s lived back in the 1700s, considered one of those, the founding of conservatism. And he said this, Manners are of more importance than laws. Manners are what vex or soothe, corrupt or purify, exalt or debase, barbarize or refine us by a constant, steady, uniform, insensible operation of like that of the air we breathe. So my friends today, be grateful, read great books, think good thoughts, listen to beautiful music, communicate and listen well, live honestly and authentically, strive for high ideals, and like Superman, stand for truth, justice, and the American way. My friends, you are not alone. God bless you, and God bless America.
SPEAKER 09 :
I don’t want no one to cry, but tell them if I don’t
SPEAKER 14 :
The views and opinions expressed on KLZ 560 are those of the speaker, commentators, hosts, their guests, and callers. They are not necessarily the views and opinions of Crawford Broadcasting or KLZ management, employees, associates, or advertisers. KLZ 560 is a Crawford Broadcasting God and country station.
