50-Year Mortgages: Good Idea, or Bad Idea?

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Speaker 4 All right, welcome to the Charlie Kirk Show. Happy Monday to you all.
I'm Andrew Colvett, executive producer of this fine show.

Speaker 4 Joined by Blake Neff, another producer on this fine show.

Speaker 4 And our not so secret.

Speaker 4 I saw you wondering if I was going to say it. I couldn't help it.
Lots of news this morning.

Speaker 4 We are now at the precipice of ending a

Speaker 4 one of, I guess it's the longest shutdown in American history of our government. And the Dems are in the middle of a crash out.
They are, the progressive wing, at least, of the party is freaking out.

Speaker 4 They think that they are being sold out by Chuck Schumer and the establishment moderate wing.

Speaker 4 And I think there's actually, it's a bit more of a mixed bag than that, if we're being honest.

Speaker 4 We got Mark Wayne Mullen, Senator Mark Wayne Mullen from the great state of Oklahoma, joining us momentarily to discuss the finer points, the negotiation, what's going on behind the scenes inside baseball.

Speaker 4 So we're going to get to that in probably about halfway through the hour. We're going to go in depth on the shutdown, where we're at now.

Speaker 4 Before the news broke last night, however, about this shutdown potentially coming to an end, and we'll say potentially because the base energy from the Democrat Party is raging against the Angus Kings of the world and the Tim Kaines.

Speaker 4 Dick Durbin actually broke ranks. Fetterman, not a surprise there.
Cortez Masto, Jackie Rosen from Nevada, both those senators. But the base energy is raging against them.

Speaker 4 So I think it's a tenuous hold. I'm not going to spike any footballs just yet, but it does seem that it's going to happen.

Speaker 4 So in the meantime, before that happened, what everybody was talking about, Blake, was this 50-year mortgage idea.

Speaker 4 And why that hit very close to home is housing was something Charlie talked a lot about.

Speaker 4 Gen Gen Z getting skin in the game, you know, buying into the American dream, not becoming a bunch of raging socialists.

Speaker 4 And we see home ownership as a very key component of the American dream of getting into the economic ladder. So, this 50-year mortgage idea hits.

Speaker 4 It really was going to be the lead story unless the government shutdown news broke last night. And why this is key is because it's reeking of debt slavery to a lot of people.

Speaker 2 We should set this up and

Speaker 2 what Trump said about it.

Speaker 4 Well, let's set it up. Let's set it up.

Speaker 4 So basically, just so you know, we've been talking about this independently. I think it's been getting into the ether, this Gen Z economic moonshot.
How do we get Gen Z to buy into the American dream?

Speaker 4 Was one of Charlie's biggest messaging components in the last couple months of his life. And then, Blake, go ahead and tell us.

Speaker 2 So do we have this?

Speaker 2 Sorry if we don't have this because I'm dropping it on the show team right away, but if we have that, because I think this basically started with Trump just posting this on Truth, where it might have been, I'm not sure what generated this, but it was great American Presidents, and it showed 30-year mortgage, President Rose, uh, FDR, because that I don't know if he invented it, but it was like standardized under a lot of his New Deal programs.

Speaker 2 Yep, there we have it there, and then it has 50-year mortgage, President Trump. And so, and then that same day on Saturday, this is when it happened.

Speaker 2 The admin confirmed the FH

Speaker 2 FA director, Bill Pultey, kind of said, we're working on this and other big changes to mortgages.

Speaker 2 And yeah, it created a lot of reaction because a 30-year mortgage, as it currently is, is you pay, well, you pay for your house for 30 years. So let's say you bought it when you were 25 or 30.

Speaker 2 You're probably fully paying it off around the time that you're reaching your late middle age, your early retirement period.

Speaker 2 50-year mortgage, as you said, it makes you raise an eyebrow a bit because, like, let's say you're a 35-year-old, you know, kind of millennial and you don't don't own a house yet.

Speaker 2 You maybe finally got married, you finally had a kid, you want to buy a home.

Speaker 2 A 50-year mortgage, that goes from you are paying this off around the time you retire to you will likely not pay this off before you die.

Speaker 4 So, yeah, if you do the math here, so a medium home price in America is $500,000. I'm going to use, I'm going to use round terms.
It's just to say it's approximately $500,000.

Speaker 4 If you, at the prevailing interest rates of about 6% right now, if you have a $500,000 home and a 30-year mortgage, you're going to pay about a half million dollars more in interest over those 30 years.

Speaker 4 So a $500,000 home is actually a million-dollar home.

Speaker 4 If you add 20 years to the mortgage, so it becomes a 50-year loan.

Speaker 2 It triples it, correct?

Speaker 4 Well, a $500,000 home then will cost you more than $1.5 million over the price, over the time of

Speaker 2 the interest.

Speaker 4 So even though it's 20 more years, it doubles it. Yeah, so the interest, the way that they've calculated interest, yeah, it more than doubles it.

Speaker 4 So you're essentially tripling the cost that you would have to pay

Speaker 4 as opposed to paying cash up for the money.

Speaker 2 Now, I should caveat that.

Speaker 2 It is over 20 years, which if you have an interest spike, which we've had a big interest spike the last five years, that can, if you're in at like a lower interest rate, that can radically reduce the effective amount that you are paying.

Speaker 2 So it's double the amount of interest, but you can kind of bake in that there will be continued inflation in the U.S. currency over that time span.

Speaker 4 Yeah, so here's my basic point. And I want to put this up.
This is from Bill Bill Pulte. You mentioned him before,

Speaker 4 image 92.

Speaker 4 I think the admin got the message pretty quickly that this was not the type of solution that we were looking for. Now, my glass is a little half full on this, and I'll explain in just a second.

Speaker 4 He says, We hear you. We are laser-focused on ensuring the American dream for young people, all caps, and that can only happen on the economic level of home buying.

Speaker 4 A 50-year mortgage is simply a potential weapon in a wide arsenal of solutions that we're developing right away. Stay tuned.
So, I want everybody that was blackpilling on this,

Speaker 4 you know, because there is this growing sense that a lot of this economic populism is phony. It's fake.

Speaker 4 It's a paper tiger. It's a PR.
It's an optics thing. Where's the actual conservative, economic, populist idea, right? So

Speaker 4 to this point, you know, I was talking with some very well-known conservative influencers over the, and thought leaders really, over the weekend. And one of them's really into business.

Speaker 4 Got a lot of businesses, got a a lot of, he understands the way, you know, to leverage interest, to leverage debt, all these things.

Speaker 4 And his point was like, listen, man, if I could have got a 50-year mortgage at 3% interest rates and I could have got much more house for my money, I would have taken that any day, wait till my income shot up a little bit, refinance back to a 30, and then I'm locked in.

Speaker 4 And I will say that,

Speaker 4 you know, potentially this addresses like, let's say, 5% of the problem.

Speaker 2 Hopeful, you know, it's an idea out there. It's probably not what I would have led with.

Speaker 4 Exactly.

Speaker 2 I mean, that's the key. That's the key.

Speaker 2 Yeah, if it's an option that is better than a 30-year for you, you should take it.

Speaker 2 But I don't think we can say, oh, we rolled out a new type of mortgage where you won't pay it off till you die and say that that is the ideal thing.

Speaker 2 And this is an issue, as we mentioned, Charlie was very passionate about it. So let's loop in one of Charlie's clips on this, and let's get why this is important.
This is

Speaker 2 Charlie explaining why not owning creates so much political radicalism in America. Clip 49.

Speaker 3 If you have a generation that does not own stuff, then all of a sudden political radicalization starts to seep in. I have a question for all of you in the audience, and this should hammer at home.

Speaker 3 It's from my friend Frank Turek, and I told him as soon as he said it, I said, I'm going to steal this one, Frank. When was the last time you washed a rental car?

Speaker 3 When you rent a car from Hertz or from Avis, do you wash it? Do you go get the oil checked on that rental car? Of course not. It's not yours and you know it.

Speaker 4 You're borrowing it.

Speaker 3 And it's no different than how people are living in apartments endlessly until they're 32, 33. They have two kids and they have to rent because the access to the housing market is so impossible.

Speaker 3 You have an entire population generation that is on the outside looking in. And that is a prerequisite for a political revolution if we don't turn renters into owners.

Speaker 2 One more clip and then we'll go to abs and we'll ask for emails. Let's do 52.

Speaker 6 It's the first time since George Washington. that this generation has it worse off than their parents at the same age.
It has not happened, not even during the Great Depression. It was about the same.

Speaker 6 This generation is significantly worse off.

Speaker 6 And the problem, this is what no one mentions.

Speaker 5 We're not poorer.

Speaker 6 You would think that the country's gone through like an economic tailspin the last 15 years.

Speaker 6 Like, okay, your young people can't afford homes and they're putting groceries on credit and they're killing themselves and they're socially isolated and they're addicted to benzodiazepines and Zolof.

Speaker 6 It's obvious you guys went through like a terrible economic catastrophe.

Speaker 5 You lost a war, yeah.

Speaker 6 If you look at the economic conditions, you would think the other conditions surrounding it are like abject poverty. These are the problems that like third-world nations have.
I know.

Speaker 6 Our young people can't afford stuff and they have to finance their basic necessities. And yet, we're the wealthiest nation in the history of the world on the planet.

Speaker 4 Yeah, this is people in the audience. This is the key issue of our time.
This is what's giving rise to Mamdaniism and Maggioniism. We must address it.

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Speaker 4 Let's read some of these emails on the 50-year mortgage.

Speaker 2 Yeah, yeah. So email us at freedom at Charlie Kirk.
And also, tell us if you are a Zoomer or a boomer. There's only only two generations anymore.

Speaker 4 Or a millennial or a moment. Whatever, whatever.
It'd be interesting.

Speaker 2 Zoomer or boomer. I'd like to see different generational takes on this, if possible.

Speaker 2 But we had Linda said on a 50-year, you would actually just be renting your home. Now, technically, not true, of course.

Speaker 2 You would very slowly be building equity in it, but I think that sentiment that at 50 years you are really, it will feel like you are renting because you never kind of really get to anticipate the actual experience.

Speaker 4 I want to react to that just really quick. Really quick.

Speaker 4 So, yes, it does have, and we admitted this, we conceded this point actually before the break or before the show, Blake and I were talking about this, that, yeah, it does reek of debt slavery.

Speaker 4 But let me tell you this: if you have rented a property and every year the landlord increases your rent, then

Speaker 4 locking into a 50-year mortgage, if it's fixed, at least you would have the stability to know what your payment's going to be, right? So that's just one pushback to that.

Speaker 2 Potentially, but it's still, I very much understand where that one's coming from. I do.

Speaker 2 Then we have, and I guess, you know, yeah, if it's fixed, you know, it just does gradually go down with inflation.

Speaker 2 Then we have,

Speaker 2 Michelle said, I thought y'all were smarter. No one says you have to take a 50-year mortgage.
It's just an option, just like a 15-year mortgage at 25 years old.

Speaker 2 Just like I did with a 15-year mortgage at 25 years old, balloon payment, and guess what? I paid it off.

Speaker 2 I understand that, but at the same time, like, yes, it's just an option, but I think people can sense that

Speaker 2 it's sort of the, oh, the option everyone used to have has gotten worse, so here's this option that might be better, but it's sort of just perpetuating a system that's in decline.

Speaker 2 It's sort of like if,

Speaker 2 you know, if suddenly you're getting kicked in the nuts and they're like, oh, well, we can kick you in the shins instead. That'll That'll hurt less.

Speaker 4 So what it does, optically, I think it does send the signal to like, hey, we understand nobody can afford this.

Speaker 4 So instead of making things more affordable or addressing underlying affordability issues,

Speaker 4 we're just going to make it so that you could pay the debt off longer.

Speaker 2 Exactly.

Speaker 4 And that feels really disingenuous when you actually realize there's a structural supply and demand problem.

Speaker 4 We're letting in 1.2 million

Speaker 4 foreigners into this country every year when Americans can't even buy their own homes. So like, you know, there is a, the social compact is breaking down.
We can all feel it. So let's address that.

Speaker 4 But no, we're just going to.

Speaker 2 And then we have Patricia, and she says, it's bad as far as accumulated interest payments, but how many people actually keep their original 30-year mortgage? You know, I actually don't know.

Speaker 2 That'd be an interesting stat.

Speaker 4 How many finance? Break, you should grab that graphic of the price of homes over the years.

Speaker 2 Yeah, I'll grab that in a sec here. Yeah, and she just points out, I think people generally refinance or sell their houses and obtain new mortgages.

Speaker 2 So the interest rate for a full 30-year mortgage is not necessarily relevant in the long term. People are always trading up or refinancing.
Also, interest is tax-deductible. That is true.

Speaker 2 One thing I would flag as an issue potentially, you know how amortization works on amortization. Yeah,

Speaker 2 I can't pronounce this right. But

Speaker 2 and what that means is early on, you're paying a lot more in interest than you are in principle.

Speaker 2 And so you aren't racking up that much equity in the early years, even of a 30-year mortgage.

Speaker 2 With a 50-year, I have to imagine that's really bad, where at 10 years in, you don't have 20% of the house. You might have 10% of the house or something.
Yeah, less. Yeah.

Speaker 2 And so I think that would be a concern with the ability to sell it off. Like you'll have surprisingly little equity on that 50-year mortgage.
Let me get that chart.

Speaker 4 Yeah, so let me.

Speaker 4 Who was the one that talked about how whoever that caller was or emailer that said you usually end up rolling over or you refinance, you sell the home? That is the argument in favor of this, right?

Speaker 4 So the argument in favor is that at least you're getting owners. So, it does address part of the problem.
I do not think it should be the end-all-be-all.

Speaker 4 This is not a silver bullet, but it does address part of the problem because if you are a 30-year-old and you're buying a home on a 50-year mortgage, at least you're getting that sense of ownership.

Speaker 4 You probably are going to end up trading up or selling that home or using the equity that you build into it, or that it just accrues because you build equity as the asset appreciates, and then you would use that to leverage other home purchases in the future, right?

Speaker 4 Okay, so I agree with that, and I think it's important.

Speaker 4 But what we need to also be doing, and this is why I highlighted the Bill Pulte tweet, is that, you know, what, and this is what Charlie advocated for, this is people like Benny Johnson are working on right now, is we need, we have a supply and demand problem issue as well, where we need to buy more or build more homes.

Speaker 4 We need to build a lot of them, and we need to make that easier for first-time homebuyers to be prioritized.

Speaker 4 No foreign buyers, no institutional money, no, you know, Blackstones or private equity groups buying up massive swaths of the inventory. And so that's that's key.

Speaker 4 But also, I think we should get creative about: hey, do young people under the age of 35, do they get to write off $50,000? Do they get to write off their entire mortgage altogether?

Speaker 4 These are questions. Go ahead and read some of that.

Speaker 2 We just, yeah, pretty much Charlie Kirk. We asked people, and we got a ton.
I love it when people get really into a topic.

Speaker 2 And so I'm just going to click on a few random ones here. How about we look at

Speaker 2 Jill? She says, I just wanted to throw out that most people I know who are retirement age still have a mortgage because they have upgraded.

Speaker 2 You know, I want to, what I'll say to that is that's true.

Speaker 2 And what there's a fascinating chart I saw over the weekend, which was the median age of a home buyer in America, not first time, just median any purchase of a home.

Speaker 2 And it was about 39 years old 20 years ago, and it is about 59 years old today.

Speaker 2 The exact same people are buying home buyers.

Speaker 4 So 39-year-olds are now 59-year-olds, and they have basically over 20 years. That's the meaning of the game.

Speaker 2 No, that's not a linear growth. What it really was is it grew a little bit about 2008 to 2019.
And especially since COVID, we saw a really bad inflationary spike. Did you find that graph by the way?

Speaker 2 Oh, yeah, let's also put up the real. Let's

Speaker 2 do you want the real price of homes? Yeah, let's put up the real home prices chart that we just sent. That's 94.
So you can see there how the process has gotten wacky over time.

Speaker 2 And that's 1890 to 2023. That's real home prices so that's after inflation and what you can see there is from about world war ii to

Speaker 2 the 80s home prices are actually about flat so they were not this perpetual growth asset that you know you didn't

Speaker 2 I think one thing that's led us astray is you have that arc of rise and crash and then even sharper rise that kicks off in the 80s.

Speaker 2 And what that also built in is it kind of built in the expectation, your home should be this great investment vehicle that will accrue accrue all of this value?

Speaker 2 And that matters a lot to existing homers. It matters a lot to older homeowners, where that might be their chief asset.
And yet that's also making it so inaccessible for young people.

Speaker 2 And I just can't escape the feeling that's a disastrous pattern to have.

Speaker 4 Well, and so that first spike on the right there, and then you see the 2008 crisis where it dropped way back down. That first spike was, they were getting very creative, right?

Speaker 4 Where you didn't even have to prove your income levels.

Speaker 4 They were doing seven-year arms.

Speaker 4 getting creative again though seven-year arms ten-year arms uh which is adjustable rate mortgages and then you know when uh those those arms came due when when they locked in or when when it they had a locked in for a short period of time and then the uh interest rate adjusted back or people just simply couldn't make non-interest only loans right so so that's what that's what those the a lot of people were doing that and they were having to prove their income and then they were levering house after house after house on interest-only loans.

Speaker 4 And then you had the big kerplop, right? You had the big short. So, so that was that.

Speaker 4 But then they were supposed to make reforms leading to that second spike on the right where you had to actually prove your income, right? And you're saying

Speaker 4 you're suggesting that it's getting too creative again.

Speaker 2 I've just seen stuff where like the no money down mortgages have like come back again, where that was really vilified.

Speaker 2 After I want to read a couple more emails here, just uh, uh, Joy pointed out, uh, citing consumer reports, apparently the average length of home ownership i guess the time you're in a specific home doubled in 2006 it was only six and a half years and it went up to it's gone up to 11.9 years i wonder how if those numbers might fluctuate a bit but that would also be interesting i think that would capture the sense that a lot of people

Speaker 2 they feel a little trapped in their homes because maybe their mortgage especially now their mortgage is so good if they got it during the low interest rates era so it's like

Speaker 4 but it's also the price of the next home that you're going to try and buy is extraordinarily expensive and the interest rates are higher.

Speaker 2 Especially the interest rates. You get almost trapped in a good mortgage.
Yep. And

Speaker 4 that's happening in markets all over the place.

Speaker 2 But some people are very excited about this. Let's see.
I want a millennial here. We got Sarah is a millennial who bought her first house at 33 in 22.

Speaker 2 We're in Houston, where the property taxes are stupid. She says, I'm all for a 50-year mortgage if there are strict requirements.
Must be a first-time homeowner. Cannot be an investment company.

Speaker 2 The owner cannot use the home as an investment property. A 50-year mortgage is actually extremely appealing, but you're also a slave to the lender for 20 plus more years than a 30-year market.

Speaker 4 Well, think about this. If you're 40,

Speaker 4 which is the average first-time homebuyer in this country is now 40, and you get a 50-year mortgage, you're probably not going to live to see the end of that mortgage unless you refinance, unless you, you know, you can do other things.

Speaker 4 But to her point, I actually kind of like that. If you only make it available to first-time homebuyers, that's not bad.

Speaker 2 This really good one here. Doesn't this sound like what commies need for billboards at election time? This is from Robert.
He says, the feds and states possess unlimited amounts of prime real estate.

Speaker 2 We know Charlie cared about that. And he says, there is growing tech to build homes on a large scale and assemble on site in less than a day.
I've seen some of this.

Speaker 4 It's like 30 million.

Speaker 2 In less than a day, and he says, we modernize everything else. Why are we treating housing like it belongs in a museum? Food for thought, Rob.

Speaker 4 Even with a ceasefire now in place, the people of Israel continue to pray for healing from the deep wounds of terrorism and war, pain that touches each and every person in the Holy Land.

Speaker 4 But the journey to healing and restoration has only just begun, and it's far from over, sadly. Never has the bridge between Christians and Jews been tested as it has since October 7th.

Speaker 4 But after two years of prayer and tangible acts of love, that bridge stands stronger than ever before. God is miraculously fulfilling his plan to unite Christians and Jews for his divine purpose.

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Speaker 4 We are joined by Senator Mark Wayne Mullen, Senator from the great state of Oklahoma. Senator, welcome back to the show.

Speaker 5 Thanks, brother. Thanks for having me.

Speaker 4 Yeah, absolutely. Wurp, thank you for making the time.
I know you guys are in the middle of it in the Senate. The negotiations are ongoing.

Speaker 4 We had that big vote last night where it was a procedural vote, a test vote to see if we could get to 60 and get to cloture. Where are we at now? Jackie Rosen was that 60th vote.

Speaker 4 Well, Cornyn ended up being the 60th vote after a little bit of a flight delay, I'm told. Where are we at now, Senator?

Speaker 5 So let me explain the process. Last night we had a motion to proceed to get on the bill, which invoked 30 hours of debate.

Speaker 5 Once we finish that 30 hours, which by the way, the House can or the Democrats can give back that time anytime they want to.

Speaker 5 Once they give back the time or the clock expires, we have to have a motion to amend the House CR because we're changing the date from November 21st to December to January 30th.

Speaker 5 And then we're taking out three CR bills because we CR'd all 12, CR continuing resolution on all 12 bills. We're replacing them with three of Trump priority bills, which is MILCON, Military, AG,

Speaker 5 and Ledge.

Speaker 5 And so we're going to CR three bills, put in three funding bills for President Trump, and then once we do the amendment, we have another 30-hour debate, which could technically take us into Wednesday.

Speaker 5 I think they will yield back all their time, and we'll wrap it up tonight. The House will have to come back and vote on it probably sometime on Wednesday, and we'll reopen the government.

Speaker 4 So break down the basics of the deal, Senator. So I know riffs were involved.
I know you a guaranteed vote on the ACA subsidies.

Speaker 4 Who's getting what in this exchange in this bargain?

Speaker 5 Well, there really wasn't a deal that we struck. What we offered them was a guaranteed vote on ACA, but we offered them, which is affordable health care, which is unaffordable.

Speaker 5 We can break that down anytime we want to, Andrew.

Speaker 5 But what we offered, we offered them a guaranteed vote, not an outcome, just a vote back in October 16th. So we could have opened the government weeks ago.
The RIF was really the White House.

Speaker 5 We didn't offer that.

Speaker 5 What happened with the RIF, which these are all the employees that were fired since October 1st. So basically since the shutdown,

Speaker 5 the President Trump and the White House offered Tim Kaine to put these people back on payroll, but only until January 30th. So that doesn't mean they can't be refired.

Speaker 5 That just means they're going to get their back pay and then make it through the holidays and then they're and then they can still be deemed unessential and let go and shrink the size of government, which will probably be what happens.

Speaker 4 So yeah, I was going to say,

Speaker 4 so

Speaker 4 what happens at January 30th?

Speaker 4 Is it an automatic go back to what Russ Vogt and others had accomplished with these rifts, which are reductions in force, just in case the audience is wondering what riffs are?

Speaker 4 That's culling the herd

Speaker 4 of the federal bureaucracy. So what happens on January 30th?

Speaker 5 Well, January 30th, we could find ourselves right back in the same boat we are right now. But what we're trying to do is do four more appropriation bills.

Speaker 5 So that'll put us to seven total appropriation bills.

Speaker 5 Remember, because as long as we do a CR, a continuing resolution, we're actually still working underneath Trump policy or not Trump policy, Biden policy priorities and funding levels.

Speaker 5 What we want to do is

Speaker 5 get away from that as much as possible and work with underneath Trump's policy in his appropriation levels, which is significantly less than what the Biden administration was.

Speaker 5 So January 30th, we're going to try to do four more appropriation bills. That'll give us a total of seven appropriation bills.

Speaker 5 Because of the size of those seven, it's about 87% of the government funding. And then we'll probably go ahead and see our continuing resolution, the rest of it.

Speaker 5 All the way, our plan is to get it, instead of it running out October 1st, we're going to try to push it until December so we can get it past the midterm so the Democrats can't use it as a leverage point once again in October 1st.

Speaker 4 Okay, so it looks like we're going to have probably a deal, although I just saw a clip come by. I think we're trying to cut it right now.

Speaker 4 Hakeem Jeffries is vowing to keep the fight going in the House. I'm not sure what his options are there.

Speaker 5 Yeah, that's exactly how.

Speaker 5 He doesn't have the votes.

Speaker 4 Yeah, well,

Speaker 4 I mean, we could play the clip here.

Speaker 4 It's loaded. Okay, we'll play it.
I haven't seen it yet, Senator Whip, we'll play it. 99.

Speaker 7 And so, as House Democrats, we know we're on the right side of this fight, the right side of the American people.

Speaker 7 And

Speaker 7 we're not going to support

Speaker 7 a partisan Republican spending bill that continues to gut the health care of the American people.

Speaker 7 And we're going to continue the fight to extend the Affordable Care Act tax credits. and if it doesn't happen this week next week this month next month then it's the fault of donald trump

Speaker 7 house and senate republicans

Speaker 5 who continue to make life more expensive for the american people all right so i've i have like a thousand it's i have a thousand issues there's so much to unpack there yeah there's so go senator you're the guest go ahead and do it okay let's first of all he called it affordable health care affordable health care is absolutely a joke uh President Obama promised that health care premiums are going to go down 25%.

Speaker 5 They're up 221%.

Speaker 5 All the premium tax credit did was trying to extend an increase that the

Speaker 5 self-insurance company said they were going to have to increase premiums during COVID. The Democrats voted unanimously.
Not one single Republican voted for this in 21.

Speaker 5 Democrats did it completely by themselves because Nancy Pelosi was Speaker.

Speaker 5 Chuck Schumer was leader in the Senate and Biden was in the White House. They purposely made made it expire in four years.
So they could have made it permanent if they wanted to.

Speaker 5 For them to say that Republicans own the high cost of

Speaker 5 affordable health care, it's completely unaffordable. They know it's a mess.
It's a complete talking point.

Speaker 5 He wants to talk about they're not going to support these funding bills. Well, what about the military?

Speaker 5 See, a lot of his members have military bases in their districts, which, by the way, also have federal employees, federal contractors that work there too, and not just to mention the men and women that are serving the great nation, he's not going to be able to hold his team together.

Speaker 5 But really what's happening here is Hakeem Jeffries wants to run for president in 2028.

Speaker 5 And the guy

Speaker 5 knows that he has an opportunity here, so his base demands him to do this. But the guy's in a mess because why he went out and endorsed a communist Madami as New York mayor.

Speaker 5 It's absurd when you hear how weak the leadership is. What's so weak about this is Chuck Schumber is the weakest leader we got, period.
And

Speaker 5 his party broke from him.

Speaker 5 Hakeem Jeffrey's party is going to break from him, too. And that's just going to show you how big of a mess this Democrat Party is.

Speaker 4 Well, so let's get into it. I'm going to play two clips.
They're really short ones here, Senator.

Speaker 4 So you talked about Chuck Schumer being weak. I think you were absolutely spot on.

Speaker 4 The left, the progressive wing of the party, is raging against Schumer. Even though Schumer was a no on reaching cloture, he's

Speaker 4 the left is blaming him for failing to control his people in the Senate, his caucus. 87.

Speaker 8 I think Chuck Schumer, his days are over.

Speaker 8 If he cannot keep his caucus together, if he cannot keep his caucus together, he needs to go. He needs to be completely.

Speaker 4 All right, so the view is now: hey, Chuck Schumer's out. We want AOC or whatever the heck they're going to say next.
But then listen to Morning Joe here, Senator.

Speaker 4 He's basically saying, like, this was a success, actually, even though

Speaker 4 this thing is about to go uh and we're about to reopen the government without getting all the things we want on the ACA subsidies but it was a success because guess what nobody's talking about crime anymore play cut 86 the Democrats is they took crime off the front page of every newspaper

Speaker 4 and that was the story and they turned it into health care so you get these two competing visions of what are opinions of what has just taken place with this this uh the record longest government shutdown in our history and so you know was this all a game of optics because at the end of the day nobody was going to have the votes if you're the democrats they weren't going to have the votes to win this this game of chicken it was a political game of chicken all for optics all for nothing they knew they weren't going to get the ACA subsidies so

Speaker 5 what's what's the takeaway here what what what did we just put the country through and for what it was all about politics for them we the Republicans were trying to use policy we're trying to have sound policy moving forward Politics was all the Democrats were doing here.

Speaker 5 This was never about the $1.4 trillion

Speaker 5 for illegals. If you remember, that conversation went away weeks ago.
What this was is about making sure their base was ginned up for the no-king rally. They were planning on reopening the government.

Speaker 5 When they realized they couldn't reopen the government because they knew November elections were coming, they quote, They said this to me because I was part of the negotiations. We can't reopen.

Speaker 5 Chuck Schumer said that he'll release the handcuffs.

Speaker 5 That is a quote, release the handcuffs once the Tuesday election is over because they were afraid their base wouldn't show up to vote if they did it before that.

Speaker 5 There were 13 Democrats that agreed to vote to reopen the government. Now, what's really interesting, what the view said there is the view said that Chuck Schumer's days are numbered.

Speaker 5 Well, he's not up for reelection in 28. I think, because Madame, remember, he's not a natural-born citizen.
He was just, he just became a citizen in 2018. I think they run him against Chuck Schumer.

Speaker 5 He doesn't stay in New York four years. He runs for Chuck Schumer's seat and wins in

Speaker 5 2028. And AOC is trying to get on the presidential ticket as either as a VP or as a presidential nominee moving forward.
Talking about Joe, here's how ridiculous Joe is now.

Speaker 5 Joe is not wanting to actually talk about facts.

Speaker 5 He didn't say crime was down. He said they took it off the front page.
Bingo. So he's playing politics too.

Speaker 5 Here's a reporter that's supposed to be reporting the facts, and he's praising the Democrats for using using this gimmick by holding the American people hostage or as leverage points for over 40 days, crashing our economy.

Speaker 5 Our GDP was at 4%. It's down to 1%.

Speaker 5 We have more flight cancellations today than we ever had in the history of the United States, with the exception of 9-11. And he's praising it as a success because they took crime off the front page.

Speaker 5 This is absurd.

Speaker 4 Yeah, that's a really, I mean, nothing boils this down or distills the essence of what just happened more than that.

Speaker 4 It is all for optics. It doesn't matter, like you said, that crime is actually down.
It just matters what are people talking about. It's all about political leverage and optics.

Speaker 4 And I actually tweeted this out this morning, that there is no moral high ground here.

Speaker 4 The tell is in the reaction to what just took place. They didn't get their ACA subsidies.
They knew they were never going to. We have the votes.
They don't.

Speaker 4 So as long as we keep our caucus together, you know, there was never going to be a situation where we sort of bent the knee and you're like oh sure let's put let's spend another 1.5 trillion dollars that we don't have and yeah of course there's going to be some illegals and some people that joe biden let in that should not be getting that taxpayer money and we all know that's the case you proved it last time you were on the show and so it's it's really infuriating to see that these these folks basically held the country hostage for 40 days when they knew they weren't going to get anything because they simply thought they were getting political momentum and leverage out of it senator final word well you just summed it up you summed up everything.

Speaker 5 And fortunately, every one of the Republicans stayed strong because we had a strong leadership in President Trump, with the exception of Rand Paul. I don't, I can't, Rand Paul's Rand Paul.

Speaker 5 But other than that, the American people saw that the Republican parties were standing strong behind President Trump because he had a clear vision with a clear leadership mentality. Thank you, sir.

Speaker 4 Thank you, Senator. We'll have you back on again soon.
Thank you so much.

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Speaker 4 Looks like Senator Schumer is speaking from the House floor. He looks defeated.
I think it's fair to say.

Speaker 2 I feel like he should always look defeated.

Speaker 4 He's got a look, doesn't he? He's got a real look. He's a real

Speaker 2 looker.

Speaker 4 I mean, he almost looks like a cartoon character, for real.

Speaker 4 Let's go ahead and play cut 100.

Speaker 11 Donald Trump cannot take 42 million

Speaker 11 hungry people as hostages. He cannot withhold the benefits they need for food for their families.
Even now, Donald Trump isn't satisfied.

Speaker 11 Today, even more cruel, he appealed to the Supreme Court yet again to try and get out of paying full snap benefits. The president's done a lot of cruel, nasty, mean things over the years.

Speaker 4 So he's looking very depressed, sullen from

Speaker 4 the Senate floor. I mean, that guy, he voted no on it, and they don't care.
Because he's the one who couldn't keep his pencil.

Speaker 2 I'm really, the whole vibe worries me because, in the end, I think we should acknowledge it is not good for the country to just have a government shut down.

Speaker 2 Even if you think, oh, the government's so bad, I like it being shut down, that itself is a giant, you know, flashing red warning light.

Speaker 4 Yeah, that should be like a

Speaker 4 big alert.

Speaker 2 And I'm worried that the Democrats, and potentially Republicans, too, are reaching this idea where they just regard it as politically good to have the government shut down whenever they're not in charge of it.

Speaker 4 Well, and that's what's so cynical about this whole thing is that you have y you you have eight people that caucus with the senators, that caucus with the Democrats that finally broke rank and you've got Tim Kaine saying, listen, I got all these government workers that aren't getting paid in my home state.

Speaker 4 I got basically a million people in Virginia that are on the on the government payroll. So I have to f worry about that.
Angus King is coming out and saying there's no end game.

Speaker 4 We're about to see all the flights shut down. Like, what's the end game here? We don't have the votes.
So we got to try a different strategy.

Speaker 4 So you finally had eight people that came to their senses after they used it as political leverage to help them, you know, gin up support in these off-year elections. So we got inundated.

Speaker 2 We had tons, dozens of emails at Freedom at Charlie Kirk, just different thoughts on the mortgage question. A good amount of enthusiasm for it, I've got to say, across the spectrum.

Speaker 2 Surprised me a little bit, but I want to read some of those. So, for example, we have Shelly.
Shelly says, I am a millennial. I went to a good high school, the same school as boys to men.

Speaker 2 I have not seen that.

Speaker 2 I grew up in the city to a single mom. I didn't know what I was in for at 18, and I wound up going to community college.

Speaker 2 Then 9-11 happened, that happened, and my testimony beyond that, I could write a book one day. I remember the first time homebuyer craze under Obama, and I remember the mass foreclosures.

Speaker 2 I remember homes going from 50,000 to 350,000.

Speaker 2 I am now looking forward to buying a home and living with my 85-year-old mother, rebuilding my credit and saving to buy my first home now that my youngest is 8 and my oldest will be 20.

Speaker 2 A 50-year mortgage would help me. My first home will be in my children's names.
It will be a family home that will be available to them as they need it and they can sell it when they agree.

Speaker 2 The work I do at 44 is for them. Love you guys, Shelly.

Speaker 2 That's a very interesting one.

Speaker 2 And I like that mentality. Charlie would love that mentality of like what you are doing is so you can bequeath it to your children and your descendants from there.

Speaker 2 I do worry that is a mentality not enough people in America have. So they would think like, oh, I'm I only buy a home for my children to one day own it.

Speaker 4 Yeah, this is actually an interesting question I'd love to ask the audience because I can't tell you how many people I have heard from that make the joke, I'm going to spend all my inheritance before I die.

Speaker 4 You know, the kids, you know, but no, but it's like a common boomerism. It's bad, but it's not just boomers.
I've heard Xers. I've heard people say, I'm just going to spend it all.

Speaker 4 It's the, it's the, can't take it with you.

Speaker 2 To use it, well, to use a slightly thing, you know, it's the F you Got Mine mentality that a lot of people have.

Speaker 4 But it also is kind of like a funny joke. I'd love to hear from the boomers in the audience if, like, if you guys kind of understand that or if you disagree with it.
I think.

Speaker 2 So here's a boomer. Oh, go ahead.
Well, I think what I would critique with the sort of, you know, that attitude is it's sort of this attitude of wealth as just like a consumption good.

Speaker 2 And, you know, oh, well, I can use it.

Speaker 2 I worked for it so i can use it to buy cruises or whatever but really like what wealth above everything else it's security and it's time like you can buy the ability to like save time on things and

Speaker 2 to not care about bequeathing that to your descendants to like make their lives like not as difficult as yours is is very misguided in my opinion it's not that you have to leave them everything it's not that you they own what you worked for but it's a mentality i have a hard time with and i want to flag this one quick where just real quick uh rc says I am a long-time loan officer and you guys no offense are a little green a little naive

Speaker 2 and RC says I never sold refinances they say that the reason

Speaker 2 it's a pretty long one they said they would just recommend on a 50-year mortgage that people save excess money and they make early payments on their mortgage which you can do under a lot of loan agreements and if you're making

Speaker 2 RC says if you're making two and a half extra payments a year so kind of two and a half worth of monthly payments a year you can shave a 30-year mortgage down to 11 years, which sounds

Speaker 2 wild to me. And so, I imagine that could have an even bigger effect on a 50-year.

Speaker 2 That would be interesting, but I would also note the reason we have these 50-year proposals is people can't afford the 30-year mortgage. And so,

Speaker 2 how much are they going to be able to save on a 50-year?

Speaker 4 We got a

Speaker 4 Mike from Ohio says he's a boomer. He's born in 1946.
He's a veteran, father of eight,

Speaker 4 grandfather to 22.

Speaker 4 And a great, yeah, great-grandfather to three great-grandchildren.

Speaker 4 This is fantastic. He says he listens to Rav to four to six hours a day, and he loved Charlie.
So he says, Here's my suggestion to young people, people. Seek first the kingdom.

Speaker 4 Get married in your 20s, have a big family, tithe your income first, then live within your means with what's left over. If you are able to buy a home, that's swell.

Speaker 4 If not, trust in God's word to take care of you and your family. Raise your children in the Lord so they can have a good foundation to change the world for good when they become adults.

Speaker 4 Tell them to follow Jesus no matter what circumstances they may find themselves. Christ will take it from there and he will raise up a world of Charlie's.

Speaker 2 That is what Charlie would talk about this too. Like, if you do follow, sometimes with Rob Henderson, he called it the success sequence.

Speaker 2 You know, get married, don't have kids until you're married, you know, finish high school, and

Speaker 2 I can't remember what's the third part of the success sequence. But basically, if you follow good practices, in the end, we face a tough tough world.
It is a tough reality.

Speaker 2 Yet at the same time, if you follow the very good, basic moral principles, you will likely be able to save money and eventually even afford these inflated home prices that we have.

Speaker 2 Or if you can't, you'll be able to afford renting.

Speaker 4 Live within your means is a tried and true, old school approach.

Speaker 4 It's basics. Just live with your means.
It's not basically.

Speaker 2 We want homes to be cheaper. We're fighting for that.

Speaker 2 But you have to recognize sometimes the world is not as accommodating as we'd like, and you have to work for that.

Speaker 2 For more on many of these stories and news you can trust, go to charliekirk.com.