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tv   The Journal Editorial Report  FOX News  January 20, 2018 12:00pm-1:00pm PST

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>> this is a fox news alert, we are awaiting a press conference from house republican leaders as we enter the 50th hour of the government shutdown after lawmakers failed to make a deal to keep the government-funded past midnight. welcome to the "journal editorial report". i am paul gigot. we are live as we mark the first anniversary of president trump's inauguration. it is being met with protests and marches across the country including right here in new york city. more on that in a moment but first, let's go to fox news contributor peter doocy on capitol hill on the very latest on shutdown negotiations >>reporter: the very latest is
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since the senate couldn't pass a four-week resolution to fund the government, they are trying is set for three-week resolution. republicans are betting that among the ranks of their democratic colleagues, there is enough support for the six years worth of funding for the chip program. they could get some democratic votes in the house, and the senate if leader pelosi and schumer free them up to go. i spoke to greg walden, the republican from washington state. he says if the democrats freed up they would vote but their leadership has been constrained. nancy pelosi meanwhile, has signed off on this three-week long continuing resolution only if if daca is attached. it is in right now. >>paul: we will go to the republican leaders.
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>> okay. the shutdown of the government is completely unnecessary. last night, the senate democrats chose not to join us in funding the government in providing support to our military and reauthorizing chip. they made the choice to shut the government down. to deny our troops their pay and keep healthcare, an important coverage for some of our most vulnerable. children and pregnant women, 9 million across the country from moving forward. it's really disappointing. it's sad. they chose the path of dysfunction.they are feeling our most vulnerable. voting against the bill with
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issues that they have no opposition to. they do not disagree with anything that was put in the continuing resolution. now states across the country face uncertainty. children across the country, including in washington state are running out of funding for the children's health insurance program. today, military academies, active duty and reserve face uncertainty. while they are on the front lines keeping a safe and secure. americans should have trust and confidence in their representatives to solve problems on behalf of the people. not play games. it is our fundamental constitutional responsibility to fund the government. democrats have put false deadlines and politics in front of doing what's right for the people. unfortunately, we are now engaged in a schumer shutdown. i encourage you to go to www.schumershutdown.com for more information. members will be speaking on
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this and we will begin with andy - - from the great state of kentucky. >> thank you to our conference chair, for your leadership and you're absolutely right.this is a disappointing day for the country. in order to assess how we got here, it's important to review the historical record from the last six months. the house of representatives, house republicans passed all 12 appropriations bills.not only on town but i had a schedule in september. more than five months ago. the business of the house was completed and we fully funded the government. house republicans also reauthorize chip for five years back in november. but senate democrats obstructed both of those pieces of legislation. the chip reauthorization and the fully funding of the government. just as they blocked the house
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passed cr this week which included a six-year extension of chip in addition to full government funding of our military and other programs. i want to talk a little about chip, because i come from kentucky. the sixth congressional district. we know over 9 million american children depend on ships. there are 90,000 children and families in the commonwealth of kentucky that depend on chip. it is actually disappointing that senate democrats led by minority leader chuck schumer blocked this noncontroversial legislation. solely for the purpose of making unrelated politically motivated and divisive policy demands. so senator schumer, where is your heart? senator schumer, where is your head? it is not only reckless but it is wrong to jeopardize access to health care for children in need. i call on senate democrats and
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schumer in particular, we have done our jobs. now you do your job! stop this partisan obstruction. and the schumer shutdown and vote with us to reopen the government immediately. pay our troops and help these children in need. thank you. >> good afternoon. thank you all of you for being with me. thank you for showing up here. i want to first say it's unconscionable that government funding is being held up for an issue that has nothing to do with funding the government. it's an application of the basic constitutional duty by this congress to hold this government up for an issue that was being negotiated in good faith by the way. continuing negotiations by an issue that has nothing to do with holding the government up. i want to read quick t. i've been getting facebook messages and letters from folks to mystically and abroad. i represent the district as more active-duty veterans in
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the nation. let me read this letter to you quickly. sir, with great respect, i am a retired air force veteran. civil service employee and a single mother of four sons. for 20 years i served my country. i continued my service as a government employee since my retirement. this shutdown will cripple my family. you see, while i wait, hope and pray for us withresolution. i have to work out how i may survive with my family. chip, 9 million kids in the that we are not helping out. 65,000 in virginia. homeland security and cia and other front-line protectors are trying to figure out who they will bring into work and was essential as opposed to dealing with their mission. i think most importantly, the military won't be paid. i do want to assure all of you
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the military will hold the line. the military will live up to their obligations to protect this nation and they will continue to be in harms way. they will do it even if they are not paid. that's what they believe in. we own it to them. you're in congress and the senate to hold up our end of our constitutional duty for the station. to fund the government, make sure there's not a negative cascading effect on our military as they protect us. i urge my colleagues here in the house and senate to make sure we fund this government. get it going. i want to say i will dedicate my pay every single day to a veterans charity and i call on senator schumer and my own senators, to do the same and join me. thank you. >> we will continue to monitor this press conference by house republicans and bring you updates. for now, let's bring in our panel. - - kim stossel and assistant
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editorial james freeman. dan, you heard the house republicans. who do you think is winning the messaging war? >> i am getting a clear idea of the state of play. at this point, perhaps the republicans are winning the messaging war. we just heard this congressman talk about chip. this is a program that most democrats support. health care for children. i think what's going on is there are two things on the democratic side. nancy pelosi and chuck schumer whose baseline is taking back the house and maybe the senate in november. their job is to disadvantage the republicans and trumpet. >>paul: they think a shutdown will help. >> because republicans always get blamed. the chaos. but, the chip program and indeed the dreamers, 800,000 dreamers are something that are
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important beyond the pelosi circle. you will have democratic senators and members of the house, they will come to their leadership and say look, we are talking a three-week extension. why can't we be released to vote for that? and get to dealing with these other issues. >>paul: this reminds me of what the republicans try to do with ted cruz in 2013. tried to shut down the government over non-funding issue. in that case it was repealing obamacare. in this case it's immigration negotiation.the deadline is 5-6 weeks away. >> i think dan is right. the politics favor the republicans because the rhetoric they are using points to chip and that is important to democrats. i think in a material sense, there is no effect on the american public. there will be no effect on the american public for a very long time. the democrats are trying to use
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this basically to use this as a lever for the dreamer, the immigration matter. on that count, i think most americans agree with the democrats. if the republicans can get the three-week window in order to negotiate a deal there, i think that's the best opportunity. the pressure i don't think will come to either party in the short term . >>paul: james, already the republicans are talking about having an open debate on immigration after this window if they can pass this three-week continuing resolution. that might seem to be a win for the democrats because they are getting the republicans to move.>> i think the underlying immigration issue, most people don't want to kick out someone that was brought here as a child and has been a law-abiding citizen. i think generally as we said, you have the republicans typically get blamed for shutdown.
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the media hate the president, they can no longer cover them objectively. it was interesting that the argument mick mulvaney is making that we are managing this shutdown better. in the past, president obama tried to create maximum pain to pressure lawmakers. now he basically laid out how they are trying to avoid that. >>paul: why do democrats think they can get away with this? they are the ones that are the cause of the shutdown. the house did its job. now there's a majority in the senate to pass the house bill except the democrats aren't providing those over 60. why do you think they will win? >> they went into this with conventional wisdom which has always been republicans are always blamed for shutdowns. whether they are in the white house, out of it, and congress. i think one of the things that is materially different this time is that the republicans
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actually have a united message on this. they are sometimes have hadhaph and divided. this time you are seeing talking points again and again and it's a strong message. you're putting the vulnerable and military at risk. you are hearing unlawful citizens ahead of american citizens. i think that's something that could resonate. again, democrats are counting this is a messy issue. in the public's mind, republicans are the ones blamed for it. but it's just not asked her in that that's how it's going to roll. >>paul: the gamble is will the public say it's on all of your houses will they blame one of the two parties? generally speaking, republicans tend to get blamed.
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it will be fascinating to see where those swing democrats running in 2018 like north dakota and elsewhere, where do they come down? >> usually the republicans get blamed because they are carting each other up with long knives. that is not happening here. no freedom caucus and no ted cruz. they are united. >>paul: when we come back, protest mark the anniversary of president trump's inaugural. we will look back at the highs and lows during the first year in office. try our high protein drink. napoleon is duping us! all around louisiana... you're a nincompoop!
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remembered as the day the people became the rulers of this nation again. [applause] the forgotten men and women of our country will be forgotten no longer.
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>>paul: that was president trump delivering his inaugural address one year ago today. sounding the familiar campaign theme of the forgotten man. at the anniversary being marked by demonstrations in cities across the country. president trump tweeting earlier quote, beautiful weather all over our great country. perfect day for all women to march. get out there to celebrate the historic milestones and unprecedented economic success and wealth creation that has taken place over the last four months. lowest female unemployment in 18 years. tim, you can't say he doesn't have a sense of humor. let's talk about the policy results of the first year. what must you give him? >> i think he gets maybe a b, he's had really important things on all of the major branches of government. in the judiciary, the nomination and placement of supreme court justice neil
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gorsuch. in the legislature, a big tax when. one of the biggest tax reforms in decades. then from the executive branch, and extraordinary deregulatory push that i think is unrivaled in modern history. that's all been great. some failures too of course. notably on obamacare and in particular ongoing chaos with especially evident in the first six months. >>paul: mary, how do you score the policy? >> i give him slightly higher than a bee. i think he has done a good job except with obamacare which is a disappointment to us. he's been very good at choosing human capital. >>paul: you mean his nominees? >> it has great people like scott gottlieb, john kelly and
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the list goes on and on. really solid people around him and with those people he's accomplished a fair amount but he's his own worst enemy. >>paul: i want to get to that but i want to push back a little. the first six months were fairly chaotic in the white house, right? until he put john kelly and there you had some of the most vicious backsliding than i can remember covering politics, including what i call the steve bannon presidency. >> i would separate politics from policy. in the meantime, he got a new supreme court judge as kim mentioned. he got people in place to do the kinds of things he ran on. >>paul: then there is the worst enemy part of it. 39 percent, 40 percent approval rating despite what mary ascribes as policy success and a growing economy. how do you explain the 39 percent? >> he's a - - president.
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i think the policy is better than we have any right to expect. i think it's been a fantastic year. on his record. but, there is the side of him where he can be rude, undignified and boastful in tweets. the tree we just saw is a counter example. >>paul: you think he wrote it? >> he brings humor and comes back with facts. i think that's probably a good model going forward to deal with his critics. >>paul: you can't really count on that dan, we've learned. he's not certainly going to shift to someone else. >> this is donald trump you he gave us two presidencies in one year. the trump of twitter, chaos along with it. and the other side of accomplishment. i think people will recognize the accomplishment. the deregulation that occurred touched almost every major industry in america. those d regulations are beginning to - - into the
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economy and people are noticing. >>paul: much more to come as we look back on president trump's first year in office. and the midterm elections. with his approval rating, can republicans survive a blue wave in november and who they blame for the shutdown. righttt. safe driving bonus checks. switching to allstate is worth it. vo: gopi's found a way to keep her receipts tidy, even when nothing else is.
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edition of the "journal editorial report". throughout his first year in office, president trump's approval rating has hovered in the 30s or 40s. the average putting him at 40 percent. that could spell trouble for republicans heading into the midterm election this year with democrats holding a seven-point advantage in the generic congressional ballot. will 2016 from folder stick with him and turnout for gop
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candidates this november? let's bring in the panel. james, the polling. you've been looking at those numbers. i talked to democrats, they think it's a done deal. speaker pelosi is back. is that true? >> they might want to hold off on popping the cork. president trump's approval ratings have never been good. they've never been beautiful. what's new is that they are improving. on that generic ballot, if you want a republican or a democrat in your congressional district, it looks bad for republicans but it's much better than it was a few weeks ago. i think that big tax cut will have just as much political force as economic force. most of the people in this country still think they are not getting a tax cut by what they've been told by the president critics. this is the political gift that will keep on giving. >>paul: you are counting on the
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economy to float the sense of accomplishment and giving voters the sense that things are going okay. why change?>> i think we have to acknowledge in the off years it is usually better for the opposing party. the democrats have an automatic advantage. i don't think generic polling is helpful because it will depend on the candidates the republicans run in those districts. the other thing is, the republicans are basically trying to get this message out. but they are fighting against a guy who is continually shooting himself in the foot to. >>paul: the president of the united states. >> if you read his tweets. not the one today. it was very gracious and humorous way to communicate. in general, he is abrasive and always picking fights. it sort of belittles him and people don't want to be associated with someone like that. >>paul: dan, what else can republicansrepublicans
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in september, the north koreans detonated what was thought to be a hydrogen bomb. they are shown in their ballistic missiles can fly a range of 5000- 7000 miles. you talk to americans and they are saying what we doing about north korea?>>paul: know the false alarm in hawaii. people are frightened about that. >> i think the foreign policy is spending most of their time
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on that. meanwhile, the islamic state was defeated in iraq in syria. the president's relationship with russia has always been unclear with vladimir putin. i guess the issue is where is the focus, where is the policy set?where is the strategy going to emerge. he handled it pretty well but we haven't seen a strategy in most of these areas. >>paul: when i talked to democrats, they had one messag , really it's their only message as far as governing. it's their big message for the midterms and that is, stop trump. resist trump. that's pretty much it. they are hoping that drives their voters out the way it did in virginia and recently this last week in wisconsin. the special election in the state senate. >> that's why i push back on james. i do think the approval rating does matter and to see that in virginia and in wisconsin. the republicans have got two major issues, one is enthusiasm
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among the democratic base. they've got to figure out how they can rival that among their own boaters which is something tough to do. but also, this is where that approval number matters. independents are also often the margin. that is something that has to be dealt with in terms of not just policy results but his ability to communicate with those people and not actively alienate them. which is why we would love to see more tweets like the one he put out today. >>paul: still ahead, the dow hit 26,000 for the first time this week. up 42 percent since president trump's election a year ago. what's behind the record run and where the government shutdown spoof the stock market?
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over the next five years. the tech giant expected to pay $38 billion in taxes. as it brings nearly all of its overseas cash back to the u.s. we are back with dan hettinger, - - and james. mary, you like to be realistic about these things. what's behind this incredible run and is it warranted by the fundamentals? >> you have days of low interest rates. the global market doing well. the global economy doing well. you also have great tax reform. lower regulatory burden in the u.s. and a strong economy. all of those things are driving expectations for the market. i think there is something else important going on which his sentiment has changed among a lot of people that were on the sidelines for a long time after 2009. they were very worried about going back into the stock market. now those people are starting
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to jump in and that's a lot of capital coming from the sidelines and i think that has driven prices. >>paul: you are talking about individual investors. but sentiment also means business sentiment. if you look at the business, - - they are saying is bullish. saying spirits are back. so that is part of this too. they are willing to invest in our in a way they haven't in a while. >> consumer confidence is at the highest level since 2001. if anyone can remember back that far. it's a fascinating economic number. the stock, the economy was flat during the obama years growing about two percent. the stock market nonetheless arose pretty steadily across the obama years. our view would be because the federal reserve, trying to
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drive assets into the stock market. now since trump was elected, the market has risen about 40 percent. the arrow has gone like that. the big question is now, is the economy going to continue to drive this unprecedented rise in the stock market or is an event, say raising interest rate will cause an inevitable correction. >>paul: i think the fed is the big risk going forward. no question. we will see as they withdraw some of that quantitative easing and raise rates. does that mean you will end up going down? i don't know the answer to that. if i did i would be a billionaire. what you think about the risk going forward? what are the risks? >> stocks are not cheap. you can expect there will be a correction at some point. in terms of the market and economic risk, the trump trade and immigration agenda causes a
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lot of risks. if your causing barriers to people crossing borders, that's a big negative for the economy. we are to this point, i think it would be irrational not to raise the value on stock when you see an economy growing faster. dan talked about the slower obama, 1.2 percent when president obama handed it off to trumpet since then it's like a switch has been thrown, over three percent every quarter. corporate profits the best around the world, ever. >>paul: this is why we love freeman as the bull. what do you think the risks are? >> reality check. stocks are based on expected earnings going forward. right now, the earnings multiple is extremely high. higher than historical averages.
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so the expectation is earnings will catch up. if those earnings do not catch up that's when the disappointment will come in with prices. i think it's normal to expect there would be a correction. whether or not something goes wrong in the economy or not. you cannot keep growing to the sky without those earnings coming in. if the fed makes money tighter, it will be more difficult. >>paul: that apple news this week is indicative of a lot of money coming back. >> that's right. there's about $338 billion that's going to come back in taxes. while apple is doing that, who is leading the dow jones industrial average, boeing. >>paul: still ahead, the pentagon reportedly planning to build two new nuclear weapons. the debate over military strategy. will it bolster our ability to deter threats or make a nuclear conflict more likely?
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a trip back to the dthe doctor's office, mean just for a shot. but why go back there, when you can stay home with neulasta onpro? strong chemo can put you at risk of serious infection. neulasta helps reduce infection risk by boosting your white blood cell count, which strengthens your immune system. in a key study, neulasta reduced the risk of infection from 17% to 1%, a 94% decrease. applied the day of chemo, neulasta onpro is designed to deliver neulasta the next day. neulasta is for certain cancer patients receiving strong chemotherapy. do not take neulasta if you're allergic to neulasta or neupogen (filgrastim). ruptured spleen, sometimes fatal as well as serious lung problems, allergic reactions, kidney injuries, and capillary leak syndrome have occurred. report abdominal or shoulder tip pain, trouble breathing or allergic reactions to your doctor right away. in patients with sickle cell disorders, serious, sometimes fatal crises can occur. the most common side effect is bone and muscle ache. so why go back there? if you'd rather be home, ask your doctor about neulasta onpro. >>paul: amid the funding
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stalemate that led to today's government shutdown, the pentagon is reportedly planning to develop two new nuclear weapons and response to russia and china's growing military capabilities. the new weapons among a range of recommendations that was commissioned by president trump last year. earlier i spoke with former arizona senator, john kyle. a member of the defense strategy commission. when you were in the senate, you talked a lot about nuclear strategy. i know you follow it closely now. it's coming back. as all of these issues seem to do.is our nuclear deterrent deteriorating? >> yes it is. that's the word, deterrent. the reason we are talking about new weapons is that potential adversaries know some of the
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weapons we have that might have been a good deterrent during the cold war are no longer as effective to prevent conflict or to deter an adversary from attacking us. as a result, we need to modernize the weapons and potentially develop new ones. >>paul: why is that deterrent, what happened to the weapons we have? why aren't they as effective as a deterrent? >> the ones we have are very old. designed in the 60s and 70s and built in the 70s and 80s. they were never intended to be active for this long. they are now in the process of what's called refurbishment, the technical term is life extension. the reality is they are taking really old weapons and dusting them off hoping they will work. but we don't test them so we don't know for sure. secondly, the type of weapons we had that them were these megaton city busters that we
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would potentially use in the event that the soviet union were to attack us.we weren't very precise in our targeting. now we are very precise and we understand when we retaliate, we may want to be much more discreet and how we retaliate. we don't need to blow everything up. therefore, our great big weapons are not as credible as a deterrent. the potential adversary wonders whether we would use these big weapons if we have a different kind of weapon. the ones they are developing. we probably have a better deterrent. >>paul: on the refurbishment front, i know you cut a deal with president obama when he was trying to get the senate to approve his arms control treaty with russia. that deal, i can't remember exactly the figure, i think it was tens of billions of dollars to upgrade our nuclear arsenal. did the obama and administration follow-through and is it enough? >> more or less and not quite.
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the administration did request the appropriate amount of money the review had called for. later, they sloughed off and frankly congress didn't do its job either. so we are short. we haven't spent as much is this modernization plan called for. the good news is there is a consensus in washington on this modernization plan. both with regard to the nuclear weapons themselves and their delivery systems called the triad. submarines, bomber fleets and icbms. whether that's enough in the long run i'm not sure. at least there is consensus on what we need to get going. >>paul: the small nuclear weapons point, i wonder if there will be a political consensus because some of the democrats may end up blocking the development of new weapons thinking this will make nuclear war more likely. rather than your excellent point about discriminant deterrence.
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that if you can just take out for example, kim jong-un's leadership as opposed to annihilating the peninsula, you want to do that. >> right, exactly. the consensus is on the modernization plan. that is to say upgrading our production and building facilities. creating the new weapons - - refurbishing the old weapons and providing a new mechanism for delivery in all three, sea, land and air-based weapons. what's there hasn't been a consensus around and will have to be debated is the development of these two slightly different kinds of weapons. you are exactly right. the group that doesn't believe in nuclear weapons says that will start another round. the russians and the chinese are already doing this and of course we know the north koreans are. not like we are starting it. the question is, is our deterrent really going to deter?
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will the others i believe we will use them? some of our weapons are so big and destructive, i think the president would have a hard time saying we will kill everybody in north korea in order to decapitate their leadership. that does not make sense of our deterrent may not be credible enough. >>paul: two missile defenses. we have interceptors in alaska and a few in california.they are so few. the system is rather primitive. they can be overwhelmed by an adversary with a lot of nuclear weapons. >> yes, right now we might be able to deter north korea or defeat them. this is killing a bullet with a bullet. we have 44 of these missiles. the number is classified as to how many you shoot for launch but you have to shoot more than one to destroy the incoming missile. the north koreans therefore could build enough icbms that it could overwhelm our
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primitive system. missile defense is one of the critical areas we have to spend more money on for these ground-based missiles that you alluded to but also the systems we have at sea and also our radars and other tracking facilities which enable us to spot and track and therefore target the incoming missile properly. >>paul: thank you senator. i appreciate it. >> thankyou paul . >>paul: when we come back, our politics making a comeback on capitol hill? some members in congress are calling for the ban on earmarks to be lifted. and they are getting help from president trump. and sometimes, i don't eat the way i should. t.
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>>paul: finally this week, amid
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the government funding fight. our earmarks set to make a return to congress? the controversial practice to secure funding for projects in their home districts. it was banned by house republicans in 2011 following public outcry like the infamous bridge to nowhere. now some lawmakers want to bring them back and president trump seemed to voice support for the idea last week. >> our system lends itself to not getting things done.i hear so much about your marks. the old earmark system. how there was a great friendliness. but of course they had other problems with earmarks but maybe all of you should start thinking about going back to a form of earmarks. >>paul: we are back with - -. kim, is the president right that your mark should be brought back? >> this may count as worst idea in washington ever.look, the president is right that we
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don't have a system that lends itself to getting stuff done. that was the case even back when we had earmarks. if he thinks that tossing people bridges and crossings and museums that suddenly democrats will support him. he might want to think his midterm strategy. the problem with earmarks is that they are a gateway drug to more spending at a time congress needs to be fiscally responsible.>> what about the argument that if you can just give a few little projects on the side to people, then you can make them vote - - help them make a hard vote on medicare reform. you'll save a lot more money in the long run. it's the grease for democracy and legislating. not a gateway drug. >> i would say # resist. democrats are not going to sign on to a medicare vote just
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because someone gave them a project in their district. their campaign for this coming midterm is to make sure the president does not notch any accomplishments. >>paul: anybody here going to - - >> if they give us our hard reform of medicare and social security written into law, we will give them this. we won't care at that point. >> polling shows republicans care about this issue. >>paul: they don't like earmarks. >> they hate them. they are big, bloated government spending. rotten. if trump brings them back it will be the biggest betrayal he can possibly do. >>paul: years the other argument they make in congress. under the constitution congress has the power of the purse. by giving way earmarks, they - - to bureaucrats. we will take responsibility for
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ladling out the cash. >> that's a reasonable argument. i think what this does is it gets a person who might otherwise want to exercise spending restraint and consider 20 trillion of debt to think instead about the project that everyone in the district is wondering about. i guess i disagree with kim a little. i'm not sure it won't buy you some votes if the check is not the good of. this is traditionally not a grease board better government. it's usually greasing a bigger spending bill than would otherwise be approved. >> the worst thing you can send as republicans when you were elected on draining the swamp. >>paul: and trying to get reelected in 2018. that's it for this week's show.
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thanks to my panel and to you especially for watching.i am paul gigot. stay with and one for continuing coverage of the government shutdown and protest marches. helps me feel my best. so i add activia yogurt to my day. with its billions of live and active probiotics, activia may help support my digestive health, so i can take on my day. activia. now in probiotic dailies.
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you should have a dexcom. if you get a dexcom, you're going to be very glad that you did. visit dexcomnow.com to learn more. >> a day of national action and inaction. the federal government shutting down as women's marches take place across the country. hello everyone, welcome to a new hour of "america's news hq". i am kelly wright. >> starting the budget battle. in the mid-like than like passing with no agreement. senate lawmakers still at odds as they try to hammer out a deal. the white house taking aim today at democrats. >> if you look back to last week in the meeting we had to discuss daca, he brought together