The Hidden Fraud Draining Main Street ft. Kelly Loeffler

00:00:03 Speaker 1: My name is Charlie Kirk. I run the largest pro American student organization in the country, fighting for the future of our republic. My call is to fight evil and to proclaim truth. If the most important thing for you is just feeling good, you're gonna end up miserable. But if the most important thing is doing good, you'll end up purposeful. College is a scam, everybody. You got to stop sending your kids to college. You should get married as young as possible and have as many kids as possible. Go start at turning point, you would say, college chapter. Go start at turning point, you say high school chapter. Go find out how your church can get involved. Sign up and become an activist. I gave my life to the Lord in fifth grade, most important decision I ever made in my life, and I encourage you to do the same. 00:00:45 Speaker 2: Here I am Lord, Use me. 00:00:48 Speaker 1: Buckle up, everybody, Here we go. The Charlie Kirk Show is proudly sponsored by Preserved Gold, leading gold and silver experts and the only precious metals company. I recommend to my family, friends and viewers. 00:01:09 Speaker 2: All Right, welcome. 00:01:09 Speaker 3: Our two of the Charlie Kirk Show is under way and we are turning our sits on Iran. 00:01:16 Speaker 2: There has been I would say, virgin or won't he will? Yeah, well, well he or won't he is. 00:01:22 Speaker 3: And we're talking obviously about whether or not Trump is going to take kinetic military action fully support economic, moral, support of the Iranian. 00:01:30 Speaker 2: People, all that stuff. There's a huge question about military action. 00:01:34 Speaker 3: Help us to help us unpack this is Maya Tuscy I hope I got that approximately correct, founder of Tuocy TV based out of London. 00:01:43 Speaker 2: He's Iranian. Welcome to the show. 00:01:45 Speaker 4: Thank you for having guys, Thank you. 00:01:46 Speaker 2: Yeah. Absolutely. 00:01:47 Speaker 3: So there's multiple questions swirling right now about the Iranan question. If you're an American, right, will President Trump take action militarily to support the independence movement that is obviously pouring over into the But there's also a question about how brutal has the regime cracked down on protesters really become. I've seen some reports quote a number of twenty five hundred dead, which is already extraordinary. By the way, I've seen other reports that it's twelve thousand. Do you have any insight on what the accurate figure is? 00:02:17 Speaker 5: Yeah, so you can't really take any of these because in the past We've had a lot of uprisings and crackdowns. I've had hundreds and hundreds, sometimes over one thousand when it comes to the massacre. 00:02:28 Speaker 4: But obviously the official. 00:02:30 Speaker 5: Figures that the mainstream media keep going with is, you know, one thousand, sometimes six hundred on the ground. All the information that we have from the hospitals and the whistleblowers that obviously it goes to the idea that it's thousands. There was a leak from the inner circle of Alikarmends supreme leader a few days ago, and the documents signed by him the direct order, and they believe they themselves that it was about twelve thousand. Now they're also unofficial figures that's just come out that is closer to twenty thousand. But as President Trump said, even one is enough, and that that is the main argument right now. 00:03:07 Speaker 4: The mainstream media wants to get into. 00:03:09 Speaker 5: The debate of well, if it's two thousands instead of four thousand, then is it really our business? 00:03:14 Speaker 3: That's the problem right there is sort of a it's a weird math. You have to contemplate if you're going to consider military action. 00:03:22 Speaker 2: Is there a threshold? 00:03:24 Speaker 3: Is there a is there a I mean it's it's an awkward question to ask, but certainly when you're dealing with Iran that has a history of squashing uprisings off, often violently with lethal force, this is not necessarily something new. 00:03:37 Speaker 2: But this is new because. 00:03:39 Speaker 3: Of the scale and the scope and just how widespread these protests have become in Iran. 00:03:44 Speaker 2: Why don't you take. 00:03:45 Speaker 3: Us into that psychology about what is driving these protests, Why is this unique, why is this new, and why does this maybe portend an actual change in leadership in Iran. 00:03:57 Speaker 5: Yeah, So, firstly, when it comes to any potent action by the US and President Trump, it's not really just about the scale of the uprising we shall get into. It's also about how dangerous the Islamic Republic has become to the world, including to President Trump directly because they tried to assassinate him a couple of times over the last couple of years. 00:04:15 Speaker 4: The reality of the. 00:04:16 Speaker 5: Situation is that this uprising was obviously building up for a very long time. They have had attempt of uprisings, and of course there's been massive crackdowns because the regime, or as the Uranians will call them, the Islamic occupation regime, don't really care they will just kill everybody. 00:04:34 Speaker 4: But this time round the regime is extremely weak. 00:04:38 Speaker 5: The trigger point was when the currency in iron collapsed, and that was over two weeks ago, almost three weeks ago. And of course there is no there's a lack of water, lack of electricity, lack of money, lack of jobs, and lack of recognition of the international stage, and people said enough is enough. 00:04:55 Speaker 4: This time round, it wasn't just anger. 00:04:58 Speaker 5: They are very, very motivated and they know they've got nothing else to lose. Usually in the past, when you kill a few hundred people, people would go home to get scared. But after thousands who've been massacred, people continue to stay out because they also finally have a unifying leader in the crown. Prince Vesa and President Trump until now has had their backs, which has really helped people on the ground. But they definitely need support as soon as possible. 00:05:24 Speaker 6: So is there an ideological platform that you know, nites these people other than wanting to overthrow the current government, like do we have let's just hearing, are there are there Islamists who also opposed the government? 00:05:36 Speaker 2: Are there? 00:05:37 Speaker 6: And also are there steps the government could take to try to mollify this short of regime, short of total collapse, like I guess apparently I learned recently there actually is a council of clerics that could, for lack of a better term, fire the Ayatola and say here's a new one. 00:05:53 Speaker 2: Could something like that happen? 00:05:54 Speaker 5: No, No, So that people keep comparing it to Gorbachev and Soviet Union, it's very, very different because this is a culture personality behind one figurehead, and the reality is they basically pretended to do what you just said, like performing from within things like that. Over the last few uprisings, people know that this is an occupation. Since nineteen seventy to nine there was a paramilitary occupation that basically resulted thanks to Jimmy carter Us Democrats MI six, the Fifth Republic in France that basically decided, let's get behind the iotolers because they were scared that the Soviet Union in the middle of Cold War are going to take over Iran in the seventies, so they thought left back these guys. They seem to be stupid enough that they can be controlled as puppets that back far because the next day there is limitsts went on and the chanted death to America right now, your question about what you know in terms of. 00:06:45 Speaker 4: Power, vacuum or who is involved. 00:06:47 Speaker 5: And Iran is very different to countries like Libya or Iraq or Syria. There are no extremist groups in that sense, there is no vacuum because people finally are united behind one concept, even if not necessarily the crown Prince, which it is true. They are all united behind the original flag of Iran, the history, they heritage. They simply want their country back. It's more similar to the situation in Poland. After the National Socialists in Germany got kicked out, and then again after the Communists from Soviet Union got kicked out, Poland said, we just got our country back. That's basically their fight. It's not necessarily like Iraq or Syria. There are no really extremeinist groups. There is a tiny group called mujahidin amk and there are about thirteen of them. They're smaller than the Green Party. Nobody cares about them, but that's the main goal that you know. People don't really care about those guys. They are basically a Marxist Islamic group. They used to be with the IRGC in the seventies against the king, but then they split. They basically had a fight, and now they also want to bring down the regime because they want to have a different version. 00:07:51 Speaker 4: Of communist Islamic Republic. That is the biggest problem. 00:07:55 Speaker 6: Well, what about another concern I know we've seen is America's repeatedly had some in the Middle East where Utapola government and then our own government is surprised to learn, oh wait, there's a lot of ethnic grievances in the society. This happened in Iraq notoriously, President in Bush apparently didn't quite get the Sunni Shia split before we actually intervened. 00:08:15 Speaker 2: We've seen it. 00:08:16 Speaker 6: Of course in Syria. Lebanon is basically defined by those splits. I know in Iran there's a series as well as historical Iranians, there's other smaller groups. Is there any risk of a crack up along those lines if there's a power vacuum? 00:08:31 Speaker 4: So that this was a worry a couple of decades ago. 00:08:35 Speaker 5: In fact, under the Islamic Republic, these are different ethnic groups and regional groups were essentially being divided. But over the last few years, the movement against the Islamic Republic is actually united them. You now have you've got the Persian Iranians, so that's my ethnicity. We've got the Kurdish Iranians as there is, and all the others, even the Kurds in Iran compared to the Curds in Turkyo other places, they are actually coting for a united Iran and they're cacoding for the Crown Prince to return. So all these other ethnic groups and other religious groups are getting together. So ironically, the ioducy have united them. But again, as I mentioned, it's very different to the situation in Iraq. But it's the liberal mainstream media that are not helping the situation. They continue to spread this propaganda where for example, there's CNN and many others have been calling it economic protests when it's an actual uprising. 00:09:23 Speaker 4: They're literally calling for the overthrow of the regime. 00:09:25 Speaker 5: But at least they're calling it something, compared to certain other people, these self appointed queens of expertise like Candae Owens, who were saying that there are no protests, there is no uprising. It's just as sire by the Jews. She literally said that yesterday, and that is embarrassing. There are millions of people in Iran who are currently under occupation, tens of thousands have been killed. At least thousands have been killed, and apparently it's just the Jews. But right now people in Iran have called for the support of both the Crown Prince as their leader and the President of the United States. 00:09:58 Speaker 4: It's different to ten years ago. 00:10:00 Speaker 5: If you have told me five years ago, ten years ago, would you like the US to get involved, I would have said probably not, because you need the consent of the public. You need that consensus, and they know they don't really want boots on the ground. 00:10:11 Speaker 4: They don't want to put US soldiers at risk. 00:10:14 Speaker 5: You simply need to have a strategic, precise target attack, similar to when recently they picked up at Medora. 00:10:22 Speaker 2: That's why. 00:10:24 Speaker 3: As America turns two hundred and fifty this year, I want to take a moment to remember that people who helped build it, not the ones in the history books, but the ones who woke up before the sun season after season without seeking any sort of applause. And those people are America's ranchers. 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That's k I r K for an extra twenty five dollars off your first order on top of the five hundred dollars you'll save every year just for subscribing good ranchers dot com American Meat delivered. Go ahead, Blake, Yah, We've got more questions here. We've got a lot more of our great guests, a lot more questions for our guests. 00:12:28 Speaker 6: And we were talking a lot about the Shaw going in uh saying, you were saying that there's large there's actually almost unanimous support for the shot. But I guess my first question is what does that actually mean? Because my understanding is that Raza Palavi is basically just said I'm willing to be a constitutional monarch, and so then what would that mean. Could we get Islamist parties running in the election who would then act on his behalf? Or is there any is there a platform that exists other than reinstall this old monarch. 00:13:02 Speaker 5: But that's a very good question actually, because their propaganda has been for decades and especially recently that oh, you can't bring back the king because that's absolute monarchy, that's the dictatorship. That not really this is the twenty first century. It works in Britain, more modern Britain technically a constitution monarchy and actually having parliamentary democracy, and it's going to work in the one because these two countries have had the history and the heritage. If I were to create a new country from scratch, I'll probably create a more of an American model with the constitution and everything else, because the Republic in America has the good checks and balances. But in those cultures, constitution monarchy works. And your question is actually very important because what is the limits? Because the crown prints his values are liberal democracy and of course freedom and free speech, does there have to be a line when it comes to certain groups or ideologies being restricted or do you just allow it to happen. So my personal opinion is that it's a very gray area because yes, my instinct would say, yeah, probably ban the radical communists and ban Islamitist radical Islamist from having a party. But then doesn't that create a bigger problem in terms of underground movements. But I don't really think there's any problem overall in the cultures like Iran. They don't really have is Liamits problems, and they don't really have communist problems. They are socialists like any other country. And generally speaking the culture obviously around thirty percent of Iran or Muslim practicing Muslim, and they're Allushia, They're not necessarily it's a Salk parties for the connection, by the way, and so I'm not really afraid of that. But I think if you're going to go with liberal democracy, you're just gonna have to allow people to have the freedom to set up their parties and basically have to check some balances to ensure that the monarch prevents anybody from becoming a tyrant. 00:14:49 Speaker 3: So Mara Tusci, founder of two C TV, thank you again. This has been a fascinating discussion. I have a kind of appointed question. I'm just gonna preface at the top. So we had Elka bond On, another Iranian perhaps you know her, and she stated to us that the protest will be successful only with outside intervention. It felt like a direct pitch for American intervention. I you know, am American. I'm born here, raised here, probably gonna die here. My kids are born here. I care about America. Okay, And forgive me if I have not heard this story before. And it feels like we perhaps there is a propaganda or a messaging campaign going on that wants to sort of, you know, lead us down the path of another foreign intervention. Now I've heard you say that this is different, this is not like Libya, this is not like a raq And I actually do believe you, and I actually am convinced of that that Iran is different. I support economic warfare to bring down the regime. I support moral support from Afar. How how am I to interpret these signals though, that we are perhaps getting dog walked into an other foreign conflict in the Middle East when we have our own problems here at home. And what would your ask of the United States be? 00:16:07 Speaker 4: Yes? 00:16:07 Speaker 5: Well, the Americans should put America first, and you should not really get dragged into different walls. And as I said, I'm not advocating for the US troops to boots on the ground. Iranians are not asking that either. This is not Iraq in two thousand and three. On the one hand, and on a more kind of personal emotional level, I would say in my own subjective opinion, well, the US government in seventy nine with Jimmy Carter caused this chaos, not necessarily just for the Iranians, for themselves and for the region. You create instability and an enemy. It will be nice if you could fix it for yourself at least, But you don't have to directly do regime change because the people are ready to finish the job right now. The priorities just stop the killings and paralyze the regime. And the hope is that those inside the Iranian military who are saying they are defecting, they can defect and they can continue and finish the revolution. 00:17:01 Speaker 4: That is a priority. 00:17:02 Speaker 5: I'm not asking for President Trump to come in and take over Iran and forced them to change the regime. Simply help the people to finish the job that they want to do, because whether we like it or not, this is the American Empire and the United States is the world Police. Doesn't have to mean that the American soldiers' lives should be at risk every single day. Doesn't mean the Americans have to be involved with every war. But if America is not keeping NYE on the world, the Chinese will well. 00:17:26 Speaker 6: So one quick question and we're near in the end here, so you can make a quick response. But if you say our goal is to stop the killings, what would be the military strike America could do that would stop the killings? Is there a particular place, Is there a particular target? 00:17:39 Speaker 5: Well, the president has been presented with about fifty targets apparently, I'm not sure exactly what specific targets they have, But overall, you obviously have a lot of IGC basis, you have a lot of government buildings, you have the actual generals and CIA know where they are. The Supreme Leader Ali Khamene is currently in a bunker in east of Iran in Tabas. So if they go for those things, and or if they could pick up Harmeny and give him an uber lift like with Medora, that would be nice. But because he has to face justice. He has to actually stand on trial, just like the National Socialist did in Germany. 00:18:17 Speaker 2: But if you. 00:18:18 Speaker 5: Paralyze the actual ILGC, we believe that there are people in the military, the actual military, the army of Iran, who are ready to take control until the Crown Prince returns to his country and then they can have a referendum on their future constitution. 00:18:34 Speaker 3: Well fair enough, I mean, you know, listen, the president, to your point, has been presented a suite of options, from diplomatic options to military options, and listen, we stand with the people of Iran. 00:18:44 Speaker 2: We would love to correct. 00:18:45 Speaker 3: The wrong of nineteen seventy nine and have an Iran that we can work with and that was welcome back into the international community. 00:18:51 Speaker 2: Those things are all We're completely in agreement. We'll see what happens. 00:18:56 Speaker 3: I I you know, the position of the show is we've learned to trust Trump's instincts some of these things. So thank you for joining us. Thank you for that analysis is very, very fascinating. 00:19:07 Speaker 2: Think about it. 00:19:08 Speaker 3: Every single dollar you spend is either supporting your values or working against them. In today's economy, where you spend your money it really matters, and that's how we take back our country. Patriot Mobile is leading the way as America's only Christian conservative wireless provider, and you can switch today without sacrificing quality or service. You'll get exceptional nationwide coverage because unlike most budget wireless providers, Patriot Mobile has access to all three major networks. Or you can do what I do and you can add two numbers on two different networks on one phone, something the big guys can't even do. So stay connected with flexible, unlimited data plans to fit your lifestyle. 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I always love that administrator of this Small Business Administration. So SBA and we were joking because it's like, we need to change the titles. 00:20:45 Speaker 6: Yeah, do we call you administrator Leffler? 00:20:47 Speaker 7: Well, you can call me Kelly. That's my Twitter hand SBA. 00:20:52 Speaker 2: Kelly. 00:20:53 Speaker 7: I'm so honored to serve in the Trump administration. I don't care what my title is as long as I'm a part of it. 00:20:57 Speaker 2: Yeah. Well, I was struggling, Kelly. I was struggle, Kelly. 00:21:00 Speaker 3: I was struggling with about this with Lee's Elden yesterday, who's the administrator of the EPA, And I was like, Lee, you know, I just gotta you know, we defaulted to, you know, call them leave anyways, it. 00:21:11 Speaker 8: Might as well call us bureaucrats joining us. 00:21:14 Speaker 2: Yes. 00:21:15 Speaker 3: Yeah, So, Kelly Leffler, former Senator, you have a rich history in the state of Georgia. You are now in the Trump Administration. But you know, we were joking. I think the best place to start for our audience is for you just describe what the Small Business Administration does. 00:21:33 Speaker 7: Well, you're right, Andrew, As we were talking, a lot of people don't know. The Small Business Administration is essentially a public private partnership. We're not giving grants out to small businesses. We're providing a government guarantee on commercial loans for your local community banker to have the incentive to make that loan to a startup business to help that community have flourishing Small businesses have an ecosystem of startups and expansion and that goes into even manufacturing. Most manufacturers in America meet the small business threshold. The threshold, well, it depends on your industry, but for manufacturing, you can have up to fifteen hundred employees as long as you're not over the networth level. And that's why ninety eight percent of America's manufacturers qualify as small businesses. I just came from a great small business manufacturing startup in Tempe, just down the road, and this is the heartbeat of America, and you've got everything coming bringing to bear there from the capital that SBA provided for this facility to the skilled workforce. You know, I met some of the contractors there in hard hats, and this is what it's all about. In the Trump administration, his economic agenda is going to create more and more of that. That's why we set a record in twenty twenty five of putting out eighty five thousand small business loans totaling forty five billion dollars. The economic multiplier effect of getting eighty five billion dollars out, you know. 00:22:59 Speaker 8: Is huge. 00:23:00 Speaker 3: There's also a trade deficit. There's a lot of news this morning. So the US trade deficit is one of its lowest points in at least recent memory, last couple decades. You put up a tweet here three seventy the trade deficit has reached its lowest level in nearly two decades, while our exports hit a record high of three hundred and two billion dollars. So President Trump's fair trade policy is restoring America's industrial dominance and strake. So obviously we have we have much further to go, but you know, and then we've got this tariff question that is looming. The Supreme Court is gonna rule on that. I do believe even just we had John Carney on Breitbart Economics editor there saying that even if the Supreme Court rules against this, there's other levels levers that Trump administration can pull to still, you know, enact tariffs because they are powerful. How have you seen those play out with small businesses? Because you know, some small business are probably gonna see a negative impact, but a lot are going to see a positive impact. 00:23:56 Speaker 8: Absolutely. 00:23:57 Speaker 7: I mean I've crossed this country from Alas to Maine, walking factory floors, talking to builders, entrepreneurs. Look, when you hear the word tariff, think fair trade, and that's what this country has not had. And I am just grateful for President Trump for his courage and his vision to believe in American industry to help us reindustrialize. And you look at every part of the Trump economic agenda, from tax cuts to deregulation, to generating a skilled workforce and those incentives to get back in the workforce, and you see the building of this boom on top of the eighteen trillion dollars coming in. So look, tariffs are just one piece of it, but they're an important piece that we haven't had. And everyone forgets that Biden had a rose garden ceremony adding tariffs to China during his term that the Democrats never pulled to. 00:24:47 Speaker 3: It felt like this crazy scenario where America was just willing to get fleeced in countless ways because we were we had like almost like this guilt about being the richest, most powerful nation, so didn't feel that we had the moral standing to exert our force to benefit our own people. So we just let everybody else have, you know, trade barriers to us. We let everybody else builk off the American military, and President Trump is re balancing those relationships. I've been completely in favor of President Trump's tariff agenda from the start. I think Blake, you've had some questions. This is typically the the yin and yang that we we play here on the show. Blake's the contrarian. I'm sort of like more on board with a lot. 00:25:28 Speaker 2: Of the bag. I'm the narrative. 00:25:30 Speaker 3: I am okay, okay, all right, now we're gonna get in a debate here in front of Kelly, and I don't want to do that too. 00:25:37 Speaker 2: But here's the thing though, I do agree with that. 00:25:40 Speaker 3: But then, so SBA, is this this engine sort of behind the scenes providing capital d you know, taking some of the risk out of these capital arrangements with riskier small business startups. But then there's this other side of it that you've inherited, where there is fraud that you are uncovering. Now we're talking about Somali fraud. We're talking about foreigners coming in again, bilking off the system. 00:26:02 Speaker 2: What have you uncovered? What are you investigating right now? 00:26:05 Speaker 8: Well, that's right. 00:26:06 Speaker 7: I mean from day one we came in and I said I will have a zero tolerance policy on fraud. We convened a task force right away. I called for an audit of the agency. The agency hadn't passed an audit in four years. And President Trump likes to say, you're the biggest bank in the country. Well, guess what, the biggest bank in the country is going to finally have an audit where we're accountable for the shortcomings. That includes investigating fraud. 00:26:28 Speaker 3: We just had a number on this yeah headline right here, SBA investigating one point two trillion. 00:26:34 Speaker 2: That is with a T. 00:26:35 Speaker 3: We've seen a lot of bees floating around with Somali fraud, nine nineteen billion, whatever the number. 00:26:40 Speaker 6: Then to give a number on suspected frauds specifically their internal watch in twenty twenty three, so this is Biden era. They said about estimated a two hundred billion dollars in potential fraud with the PPP loans, although that runs through SBA. 00:26:54 Speaker 7: That it was, that's the one point two trillion that ran through SBA during COVID. Well, our own OIG said that about two hundred billion was marked as fraudulent. And guess what the Biden administration did. They started forgiving it, sweeping it under the rug exactly right, Blake. And so we came in and said we're going back, we're looking at it all. And that's what we did when it came to Minnesota. As soon as that came on the radar, I asked the team to dig through the Minnesota loans. They immediately found about seven thousand borrowers four hundred million in fraudulent loans in Minnesota alone. That tells you that there are billions and billions out the door fraudulently to thousands that should never touch SBA services again and they need to be referred to the DOJ. 00:27:35 Speaker 8: And that's what we're doing. 00:27:36 Speaker 3: Are these mostly Somali networks or is it kind of across the board or it's widespread. 00:27:42 Speaker 7: We're investigating further to see how systemic it is because the level of fraud is almost organized, and I've called it organized crime in some cases, and we need to look across all government programs and see where people are systemically defrauding the government. 00:27:58 Speaker 6: It's a thing that stands out about this, which is if you or I were to say, okay, I want to scam medicaid, and you just went to twenty people we know and said, hey, I have an idea to scam medicaid, one a lot I think would say no. I think they'd all say no, and some of them might say I'm going to call the police. 00:28:15 Speaker 2: I think this is a credit. 00:28:16 Speaker 6: Well, and what you have some communities that we've voluntarily brought into our country where that's just not the natural reaction where they'll either say nothing or a lot of them will help. 00:28:25 Speaker 3: You well, because they don't feel culturally tied or their heritage is not tied to the proud culture. 00:28:32 Speaker 6: It's wrong to scam your cousin or your brother, but not to scam the government. 00:28:35 Speaker 3: And to your point, I totally agree that it is organized because you know, we think of organized crime as the Italian mafia. 00:28:41 Speaker 2: But so often it's these the immigrant cabal. 00:28:44 Speaker 3: Well yes, exactly, but but that's you know the movies, and you know it's been it's been sensationalized. 00:28:50 Speaker 2: But so often it's just more subtle than that. 00:28:52 Speaker 3: It's it's a cousin calling a cousin saying here, listen, I've figured out this way. You should go set up your own, you know, childcare center over here. You should do this, or listen, we found a way to smuggle all this money back to Somalia. It's more subtle, it's less dramatic, less you know movie Hollywood, but it's massively insidious and widespread. 00:29:11 Speaker 7: Well, especially when there's no oversight. And so we are going to go state by state and look for those states like Minnesota that really as their largest expenditure is welfare. And in the federal government, I'm talking that's at the state level. In the federal government, we operate about a trillion dollars worth of welfare programs across eighty unique systems, and so we really need to have a hard look at that. And that's what's great about the Working Family's tax cut that was passed this year. There's a lot of verification that's now required, there's work requirements. We're going to start cracking down on this very systemically ourselves, because we can't trust the states to do it, particularly those like California, Illinois, Minnesota, and others who have shown a willful disdain for taxpayer dollars. By the way, small businesses are some of the biggest taxpayers. And so that's part of my advocacy is to say, I'm going to make sure these programs are going to deserving job creators on main street. 00:30:03 Speaker 2: Yeah, it's like you know them when you see them. 00:30:06 Speaker 3: Do you know the real deal companies that should be getting the back of the SBA. And here's President Trump just having your back here it's cut three thirteen. He's suspending SBA loans. It sounds like it, specifically with scammers in Minnesota. 00:30:19 Speaker 2: Three thirteen. 00:30:20 Speaker 9: We have also suspended nearly eight thousand SBA loans small Business Association loans to suspected scammers in Minnesota. 00:30:31 Speaker 10: Of which there are many. It's a great state. It was a great state. Now it's getting destroyed by a stupid governor. What a stupid guy he is. But he's a crook. I mean, he's an incompetent guy, but he's a crook. He allowed us to go. 00:30:45 Speaker 9: You can't have. 00:30:47 Speaker 10: You can't have corruption under scale that nobody's ever seen before and you're sitting as a governor and you don't know what's going on. It's impossible. Even though he's a stupid guy. 00:30:55 Speaker 3: It's a really important you know, I love this about President Trump that he gets his instincts are almost always right. So when you guys are at the SBA are working on rooting out this fraud, auditing it this task force, have you gotten any cooperation from the state of Minnesota. 00:31:14 Speaker 8: Well, of course not. 00:31:15 Speaker 7: And we've even had other state governors attack us for looking into Minnesota. 00:31:21 Speaker 8: So that tells you. 00:31:22 Speaker 7: It lays another pretty strong trail of breadcrumbs. And we're going to continue to do that. The President has been right about everything. He's right about fraud, and we're going to continue to do it because first of all, it's right for the taxpayers, and second of all, it's creating an incentive system when it goes unchecked to do it. Even more so, imagine that if twenty percent, as Treasury Secretary Besince said, twenty percent of all these programs are fraudulent. Someday it could become thirty percent of an even larger number because these programs continue to grow. 00:31:51 Speaker 3: Well in COVID, really, I mean Blake, you know, calling me the Normy Blake was actually the guy that during some of the aftermath of COVID and the loans that went out, and the scam artists that would set up like a transportation company, and like, I mean, this became a meme online because you could all spot it how it was, you know what it was, what it looks. 00:32:11 Speaker 6: You could find obvious scam businesses. One employee very recently created. 00:32:15 Speaker 8: And consulting a learing center. 00:32:18 Speaker 2: Leering center exactly. 00:32:20 Speaker 3: Yeah, And so COVID unleashed a lot of this, and I think you're completely right, Administrator Leffler, Kelly Kelly that when you do not police this, you're only going to incentivize the creation of more and more and more fraud. 00:32:33 Speaker 7: Well, and that's our commitment to small businesses and taxpayers is that we're just getting started. 00:32:38 Speaker 8: We're not letting up. 00:32:38 Speaker 7: We're not like dusting off our hands and saying we've sent it over to the DOJ. This has given us a playbook, really a blueprint of how we go state by state now and how we handle this. This needs to become an expertise. 00:32:50 Speaker 8: Of the government. Is tracking down fraud? 00:32:52 Speaker 3: Well, I'm gonna be saying prayers for you and you start cracking the books on California. 00:32:57 Speaker 2: And New York. 00:33:00 Speaker 11: This is Lane Schomberger, chief investment Officer and founding partner of y Refi. It has been an honor and a privilege to partner with Turning Point and for Charlie to endorse us. His endorsement means the world to us and we look forward to continuing our partnership with Turning Point for years to come. Now hear Charlie in his own words, tell you about y Refi. 00:33:19 Speaker 1: I'm gonna tell you guys about hyrefight dot com. That is why are ef y dot com. Hy Refi is incredible private student loan debt in America told us about three hundred billion dollars. Y refy is refinancing distress or defaulted private student loans. You can finally take control of your student loan situation with a plan that works for your monthly budget. Go to yrefight dot com. That is why refight dot com. Do you have a co borrower why reef I can get them released from the loan. You're can to skip a payment up to twelve times without penalty. It may not be available in all fifty states. Go to yrefight dot com. That is why are ef wy dot com. Let's face it, if you have distress or default the student loans, it can be overwhelming because of privacuit loan debt, so many people feel stuck. Go to y ref that is y R e f y dot com Private student loan debt Relief wyrefi dot com. 00:34:08 Speaker 3: We are joined by Kelly Lefler. She's the administrator of the Small Business Administration, which is the biggest bank in the country. People don't realize just how much power the SBA wields to help the economy. And now you're rooting out fraud. Blake has a really good question though, about a certain variety. 00:34:26 Speaker 6: Of loans so and and other. Yeah, another part of your portfolio. So there is it's not super famous, but it's called eight A certification. 00:34:36 Speaker 2: Uh. 00:34:36 Speaker 6: It needs basically being certified as a disadvantaged firm as owned someon would say minority owned, but can also be women owned or certain other groupings. And it makes you eligible for favorable federal treatment, and it's getting noticed by a lot of people, especially online. This is a vector the federal government has used for let's just call it DEI or as we say on the show, anti anti white discrimination, white male discrimination. And mindstanding is this does still exist within the SBA. 00:35:05 Speaker 2: So could you talk to us a bit about that. 00:35:07 Speaker 7: Like you're right now, let's just level set on what small businesses. It makes up ninety nine percent of all businesses in this country and under President Trump we have a record thirty six million. There's a group of small businesses that are under statute entitled to about five percent statutorily of federal contracting, so small businesses that are socially and economically disadvantaged. Well, under Biden that they tripled that target to fifteen percent and it created a big vacuum for veteran owned businesses to get federal contracts. Well, what we found in that was it was a front for shell and pass through companies to put someone in front of the business and say that they were a small business, that they were socially and economically they self certified that they were disadvantaged, and then they were able to get these huge contracts Now, when Kamala were searching out root causes, she put a immigration illegal immigration. She put a seven hundred million dollar contract out and it ended up coming through bribery. The DOJ's investigating it through an eight day program. Now that's not a small business. It does a seven hundred million dollar contract. 00:36:13 Speaker 2: And there's other ones. I remember. 00:36:15 Speaker 6: I think when that hurricane hit Puerto Rico a decade ago, there was an issue where they hired like a one. It was a I think a black woman owned a company to supply like fifty thousand meals to the island, and that was a disaster. 00:36:26 Speaker 8: I never had, and I have. 00:36:27 Speaker 6: I've personally had friends who have set up a business to get a government contract where they just cut in a guy who was part Native American or something and said, you get fifty one percent of it, we'll do the work, we get our cut, you get your cut. It just seems to clearly incentivize that. And so I guess, as you say, Congress requires this to exist. 00:36:47 Speaker 8: But they don't require it to be rife with abuse. 00:36:50 Speaker 7: It has never been audited in its forty five year history. It came in under Carter. We are conducting the first audit in forty five years and we've what we've already found is is a lot of malfeasance, a lot of fraud. We're going to get to the bottom of it. We're going to clean up the program and make sure deserving entrepreneurs get these opportunities. 00:37:08 Speaker 3: So this brings up this It's been percolating, bubbling up a little bit because of all this fraud. And this is a reintroduction of this conversation about Doge. I thought Doge was amazing. Charlie always loved Doge because it changed the culture and the focus in DC to actually start rooting some of this stuff out. But then you have this falling out between Elon Musk even Elon and Scott Besstt, and it got all messy. We acknowledged that, But there is a coming back together. I mean, Pete Hegsetch just announced a partnership with GROC and XAI. 00:37:41 Speaker 2: What could so? 00:37:42 Speaker 3: What what is going on with Doge? How would you guys at SBA use it? How did you use it? And can we can we reignite this culture to root out some of this fraud. 00:37:52 Speaker 7: Yeah, Doge was incredibly important in kicking off what is accountability and government. It helped us facilitate a lot of the changes that we made very very quickly. And the mindset remains in this administration, which is right sizing the government. We've cut our agency by fifty two percent in terms of headcount, thirty percent by spending in just the first year, and we've done more business than ever. That is a Doge mindset and that's what we have to continue to have. 00:38:20 Speaker 8: I hope that that it. 00:38:21 Speaker 7: Will stay within every agency in terms of what they look at is data. We simply go through and look at the data and accountability. Who's doing what and what are the results? 00:38:30 Speaker 2: You know, is Palenteer involved in this, Well, there's. 00:38:33 Speaker 3: Been a lot of like there's a lot of weird theoris paracies around Palenteer. Basically, what Palenteer is, as far as far as I understand, send us your emails freedom at. 00:38:42 Speaker 2: Charliekirk dot com if you think I'm wrong. 00:38:43 Speaker 3: It's basically getting databases to talk to one another so you cross reference different agencies and what they know and you can root out fraud that way, which seems very common sense to me. 00:38:51 Speaker 7: I actually independently brought on Palenteer because this scale of the fraud that we're looking at is so vital that we use AI, that we are data driven in our analytics, and then we have this support externally because there's a lot of resistance internally to right sizing the federal government and tracking down fraud. 00:39:10 Speaker 2: How big is your staff? 00:39:11 Speaker 7: Well, we've gone from about eight thousand to about four thousand. 00:39:14 Speaker 1: No. 00:39:15 Speaker 7: Wow, So we do more with less. We're like a small business. We're very efficient to have the economic impact that we do. We estimate it's about a trillion dollars annually when you take a leverage impact of putting out one hundred billion a year, I should say a trillion dollars over the four year term of President Trump. And it's meaningful on main Street because small businesses create two out of every three new jobs. 00:39:37 Speaker 2: Wow. 00:39:38 Speaker 3: I mean, I'll just be honest. I'm sort of sitting here feeling educated. I hope the audience is getting a lot out of this because I candidly didn't fixate on SBA that much. 00:39:47 Speaker 2: I didn't think about it that much. 00:39:48 Speaker 3: But it's a parent I mean, if Trump's calling you the biggest bank in the country, that means that sets a lot. 00:39:53 Speaker 2: He knows banks. He knows banks. 00:39:54 Speaker 7: I think he's being kind, but I think he knows how important small business in main street is. He always says to me, Kelly's small business is big business. He loves our job creators. Like I said, I just came from a construction site, hard hats and everything. These are the people who make this country great, and we've got to support them and get big government out of the way and get back to supporting free enterprise. 00:40:14 Speaker 3: Well, this is ridding it of this DEI stuff, this anti white garbage, ridding of it of the fraud I mentioned Scott Bessett before. 00:40:22 Speaker 2: Let's goead and play this. 00:40:23 Speaker 3: This is from yesterday, the day before he's talking about how much fraud we're dealing with three eighty four. 00:40:30 Speaker 12: We are going to hold people accountable. We're going to press this to the full extent possible for American taxpayers, for American families. The GAO, the General Accounting Office, believe that there is somewhere between three and six hundred billion of annual fraud, roughly ten percent of government spending that disappears due to fraud. If we can recapture that, that is one to two percent under GDP. 00:41:01 Speaker 3: So, Kelly, let's end this where Scott ended this economics the economy. It's rip roarin. But Scott has also said we were setting the table in twenty twenty five. This year we get to enjoy the feast and banquet. Are you seeing that? 00:41:14 Speaker 8: Absolutely? I see it every day. 00:41:16 Speaker 7: I mean, the Trump economic agenda is rocket fuel for main Street for this country. We see GDP growth, we see wage growth, inflation coming down, interest rates coming down. These factors, together with deregulating, is making sure that this economy is primed for twenty twenty six and beyond. We're just getting started. Eighteen trillion dollars pouring into this country and investment We've never seen anything like it. 00:41:38 Speaker 3: Yeah, and all the data centers, the AI, the crypto, the small businesses. And by the way, if you're deploying capital more efficiently to better operators and you're getting rid of this DEI garbage, you're gonna end up getting a bigger multiplier force multiplier. On the backside, it's going to have a bigger economic impact. Well, we're running out of time. I feel like I could keep talking about it for a long time, Kelly, but thank you for joining us. 00:42:00 Speaker 2: It's been an honor to have you in this GREATDIO. 00:42:02 Speaker 3: Thanks for visiting Phoenix and doing all this great work for the administration. 00:42:06 Speaker 8: Thank you both. 00:42:13 Speaker 11: For more on many of these stories and news you can trust, go to Charliekirk dot com.