Sona 2026: Assessing the President's Address

SunStar Philippines

BEYOND THE HEADLINES | LIVE  What were the key messages delivered during President Ferdinand Marcos Jr.'s 2026 State of the Nation Address (SONA), and what do they mean for the country?  Join Beyond the Headlines as lawyer Atty. Glenn Chong shares his assessment of the President's address, discussing its key points, major issues, and possible implications.  🗓️ Today 🕛 12 noon 📍 LIVE on SunStar Cebu's Facebook and YouTube  Have questions or insights? Share them in the comments and be part of the discussion.

Transcript

01:00Your perfect latte is ready.

01:02Coffee first, then everything else.

01:06Good afternoon and welcome to Beyond the Headlines.

01:09I'm DJ Moises.

01:10And today's conversation is brought to us by Coffee First.

01:13The state of the nation address is more than an annual report.

01:18It is the president's opportunity to account for the past, outline priorities for the future, and ask Congress to act

01:27on key reforms.

01:29Today, we look deeper and think better.

01:33Joining us today is a lawyer, certified public accountant, and former congressman who represented the Sloan District of Biliran from

01:422007-2010, Attorney Glenn Chong.

01:46Hello, attorney. Welcome to Beyond the Headlines.

01:50Hello, Darwin. Thank you for having me in your program.

01:54Thank you, Sunstar.

01:55And I'll try to answer you as much as I can.

01:58Yes. Well, actually, this is a very good conversation.

02:03The headline on Sunstar is really praise and push back, greet the Marcos Sona.

02:08So, let's start with the president's opening attorney.

02:12Because he opened it.

02:14By the way, in my view, and then you can tell me also what you think.

02:17For me, it was strategic for him to start with flood control, and then he ended with China.

02:23So, let's start with the opening.

02:24So, he chose to open his Sona on flood control corruption rather than economic growth.

02:32What do you think was his message?

02:35I think Mr. Marcos was trying to portray that he is serious about itong pag-investigate of the flood control

02:49scam.

02:50In fact, he rattled off some figures, 25 billion had been frozen, and about 800 million had actually been recovered.

03:01But then, look at the other side of the coin, because that's only one side of the coin.

03:08The other side of the coin is that hundreds of billions of pesos were invested in that flood control scam.

03:17It was a systematic looting of the public treasury.

03:21It went on for years.

03:23So, it is safe to say that we have invested more than trillions of pesos there.

03:30In fact, under Mr. Marcos' term, apat na taon lang siya, four years pa lang siya,

03:36he already added 5.76 trillion pesos to the national debt.

03:43Imagine, Darwin, dear listeners, viewers, when we first started our loan, it's an official loan with the World Bank.

03:54It was in November 1957.

03:571957 na nagsimula tayo as an independent state, truly independent, 1946.

04:03So, about nine years later, we first obtained our official loan from the World Bank at just 21 million dollars.

04:13So, 1957 yan.

04:16Then, by the time his father, the Marcos Sr. came in, 1965,

04:24ang utang natin is about 600 million dollars na.

04:28So, anyway, that's about eight years, so 600 million dollars.

04:33By the time his father left, ang utang natin was at 26 to 28 billion dollars.

04:42So, 26 to 28 billion dollars.

04:44Now, in the case of President Duterte,

04:47when President Duterte left, ang utang was 12.79 trillion pesos.

04:54That's understandable because we invested much in COVID,

04:58sa COVID na prevention.

05:03And then, by this time, as of end May, 2026,

05:08last day of May, 2026,

05:11our total debt is 18.55 trillion pesos.

05:15Now, in other words,

05:17we have invested trillions of pesos

05:19in flood control scam

05:21na hindi diligikan sa kwartas katawahan,

05:24kundi inutang na ito.

05:26And we are paying interest for that.

05:28And here you are,

05:30boasting to the nation

05:31that you have frozen 25 billion pesos

05:34and recovered actually 800 million pesos lang.

05:37That's too little

05:39over a period of one year of investigation.

05:43So, in other words,

05:45that leaves so much doubt

05:47in the sincerity of Mr. Marcos

05:49if he's really intending

05:51to pursue it

05:52to the last centavo.

05:54In fact,

05:56karamihan,

05:57kadaghanan sa mga nakasuhan

05:58were contractors

06:00and DPWH officials.

06:03We have only one senator perhaps

06:06and two former lawmakers.

06:08Three.

06:09But not all of them.

06:11Actually,

06:12Darwin,

06:13ang tawag ko dyan sa kanila

06:14is si Alibaba and the 40 Thieves.

06:21Sige, so...

06:22Hello?

06:23Yeah, yes.

06:23So, that's my viewpoint.

06:27So, for him to actually name

06:32a very big fish,

06:34and I'm talking to the former speaker

06:37of the house,

06:38I think this is one part

06:41that's draw praise

06:43and also push back.

06:45Praise because he finally

06:47made an aggressive remark

06:50with respect to his cousin.

06:52But the other part of it also,

06:55some people also felt

06:57that his cousin

06:58was like the punching bag

07:00because he seemed to be

07:02the mascot of everyone else.

07:05But there are still

07:06those with allegations

07:08like former Executive Secretary

07:12Bersamen, for example,

07:13or Budget Secretary

07:15Amina Pangandaman,

07:16for example,

07:16who are still yet

07:18to be also

07:20aggressively investigated.

07:22What are your thoughts

07:23about this?

07:23Is that something

07:24that you liked?

07:25Were you among those

07:26people who liked it?

07:27Or were you among

07:28those people also

07:29who looked at it

07:30more like a mascot,

07:32no?

07:32Presentation?

07:35It looks to me like

07:37si Martin

07:39is being used

07:40as a scapegoat.

07:41But at any rate,

07:43up to this moment,

07:45up to yesterday,

07:46when he delivered his sonar,

07:48there was yet no criminal case

07:50filed against Martin.

07:51It's just a promise

07:53to pursue him.

07:55Nothing happened.

07:56Nauna pa si Jingoy,

07:58nauna pa si Marcoleta,

07:59nauna pa si Mike Defensor,

08:05nauna pa si Libby Baligod,

08:06because they are being

08:08targeted by this administration,

08:10was a common denominator

08:11between Marcoleta,

08:12Baligod,

08:13and Mike Defensor.

08:14The 18 Marines,

08:16Senate Blue Ribbon Committee

08:18hearings on the

08:19Flood Controls Cup.

08:20Nauna pa silang kinasuhan.

08:22Pero yung kay Martin

08:23Romualdez,

08:23matagal na yan.

08:25It's the Ombudsman

08:27saying na malapit na,

08:28malapit na.

08:28But up to that point

08:30in time yesterday,

08:31there was yet no case.

08:32So I will not believe it.

08:33And by the way,

08:35because that's supposed

08:36to be my last question

08:37on that particular part

08:38of the sauna.

08:39But I could not recall also,

08:41and correct me if I'm wrong,

08:42Attorney Glenn,

08:43I could not recall also

08:44the part that he mentioned

08:45the ICI

08:46and what happened

08:47to the investigation

08:49and what happened

08:49to the findings.

08:50Did he mention that?

08:51Because I did not hear it.

08:54Actually,

08:55Darwin,

08:56I don't listen

08:57to his sauna.

08:58But for the first time,

09:00I listened yesterday

09:01because you're going

09:02to interview me today.

09:03Wala ko isasagot

09:04if I will not listen.

09:06So I listened intently,

09:08although I did not

09:09look at his face

09:10because I know

09:12these are sugar-coated words.

09:15There was no mention

09:16of ICC.

09:17I'm dead sure about that.

09:18So I think

09:19in that context,

09:21Murag,

09:21because I recall,

09:22Mangod,

09:22that's why I just remembered it

09:23during this conversation

09:24because when he delivered

09:26his sauna last year,

09:28the mahiyan naman kayo,

09:30the action step,

09:31supposedly,

09:32that I saw after that

09:34was the formation

09:34of the ICCI.

09:36And for some reason,

09:38it looked like

09:39it was not,

09:40I just remembered now

09:41that it was not mentioned

09:43in his next sauna.

09:45So,

09:45can you,

09:46attorney Glenn,

09:47so if you put your hat,

09:50for example,

09:50as the president

09:52currently,

09:53of the Philippines,

09:54what do you think

09:55should have been

09:55the reforms

09:56that he would have

09:58introduced

09:59so that

10:00we would not see

10:02more of this

10:04already,

10:04in the coming

10:06administration,

10:07regardless of

10:08who is sitting?

10:10Actually,

10:11Darwin,

10:13I was also

10:14a congressman

10:14before,

10:15like you had

10:15mentioned.

10:17You see,

10:18if the flood

10:20control projects

10:21are outlined

10:22already

10:23in the

10:24national

10:25expenditure

10:26program,

10:27ang national

10:27expenditure program

10:28is actually

10:29a three-part

10:31book,

10:32baga na siya kayo,

10:34it's so thick,

10:35all the projects

10:36are identified

10:37there.

10:38So,

10:39if the

10:40flood control

10:41projects

10:42are well

10:42identified

10:43in the

10:44national

10:45expenditure

10:45program,

10:46which the

10:46DBM makes

10:48from the

10:49office of the

10:49president

10:50and submitted

10:51to Congress,

10:52I think

10:53dili makalusut

10:55kaayo

10:56ang

10:58panikas

10:59sa kwartas

11:00gobyerno.

11:00The problem

11:01with this

11:02kind of

11:03system,

11:03if you

11:04will put

11:05it in

11:05detail

11:05in the

11:06national

11:07expenditure

11:07program,

11:09ang

11:09congressman

11:10ang

11:11bangayo

11:12sa tong

11:12because

11:14it falls

11:14in their

11:15district.

11:16So,

11:16whatever

11:17projects

11:18are already

11:18written

11:19in the

11:19national

11:20expenditure

11:20program

11:21and it

11:21falls

11:22into the

11:22district

11:23of a

11:23particular

11:23congressman,

11:25ang kinin

11:25niya ng

11:25congressman

11:26akin

11:27ang tong

11:27Pats

11:27dyan

11:28because

11:28project

11:29ko

11:29yan.

11:29That's

11:30the

11:30problem.

11:31So,

11:31if the

11:32president

11:33does not

11:33want to

11:34give the

11:35kickbacks

11:35to the

11:35congressman

11:36because he

11:36wants it

11:37for himself,

11:39idaan

11:39sa insertion

11:40so that

11:41ang proponent

11:42sa insertion

11:43gets the

11:43kickback.

11:45So,

11:46that's

11:46the

11:46reason

11:46why

11:48itong

11:49flood

11:49control

11:50scam

11:50has

11:50become

11:51systematic.

11:52Hindi nila

11:53imbutang,

11:54hindi nila

11:54ilalagay

11:55sa

11:55national

11:56expenditure

11:57program

11:57because

11:58si

11:58congressman

11:58ang

11:58kukuha

11:59ng

11:59tong.

12:02Iaidaan

12:03nila

12:03sa

12:03insertion,

12:05that's

12:05why you

12:05heard

12:06from

12:07Saldico

12:07that

12:08Marcos

12:08asked

12:09for an

12:09insertion

12:09of

12:10100

12:10billion

12:10pesos

12:11so that

12:12ang tong

12:12patch

12:13mapunta

12:13sa

12:13kanya,

12:14hindi

12:14mapunta

12:14sa

12:14congressman.

12:16So,

12:16the

12:16solution

12:17there

12:17is

12:17put it

12:18international

12:18expenditure

12:19program

12:19and then

12:21forbid

12:21the

12:21congressman

12:22from

12:22getting

12:22itong

12:23patch

12:23is

12:23strictohin

12:24yung

12:24implementation.

12:26Now,

12:27speaking of

12:29reforms,

12:30attorney,

12:31I don't know

12:31if you can

12:32still hear me.

12:34Yes,

12:35I can

12:35hear you.

12:36Okay,

12:36sige,

12:36when I look

12:37at the

12:37screen,

12:39I'm glad

12:39that you're

12:40still there.

12:40Now,

12:41speaking of

12:41reforms,

12:42attorney,

12:42let's move

12:43towards

12:43the tax.

12:44Hello,

12:44Darwin.

12:45Yes,

12:45can you

12:45still hear me,

12:46attorney?

12:48I know.

12:48Yeah,

12:49sige.

12:49So,

12:49speaking of

12:50reforms,

12:52let's move

12:53sa

12:53katong

12:54tax.

12:55This is

12:55also one

12:56of the

12:56uploaded

12:57parts of

12:58his

12:58sauna.

12:59And I

12:59think

12:59this is

12:59where

13:00potentially

13:01we can

13:01tie this

13:02to the

13:025.76

13:04trillion

13:04debt

13:05that you

13:05actually

13:06mentioned.

13:07Because

13:08when he

13:09said,

13:11it's

13:12going to

13:12be

13:12expanded,

13:13the

13:14income

13:14tax

13:15exception

13:15from

13:16the

13:16current

13:17250,000,

13:18it will

13:19be

13:19expanded

13:19to

13:20350,000

13:22per year.

13:23So,

13:36for the

13:37benefit

13:37is finally

13:38being

13:38heard.

13:39So,

13:40that's

13:40the

13:40positive

13:41side

13:41of it.

13:42The

13:42downside

13:43of it

13:43also

13:43is

13:44people

13:44also

13:44thought

13:45that

13:45it was

13:46not

13:48enough

13:48but

13:49at least

13:49it's

13:49still

13:50progress.

13:51But

13:51the

13:51downside

13:51people

13:52are

13:52also

13:52asking

13:53when it

13:54comes

13:54to

13:54revenue

13:55loss

13:56opportunity

13:56where

13:57will

13:57he

13:57recover

13:58that?

13:58Is

13:59it

13:59going

13:59to

13:59be

14:00recovered

14:00through

14:00borrowing?

14:01That's

14:02the

14:02question.

14:02What

14:03are

14:03your

14:03thoughts

14:03also

14:04about

14:04this

14:05part

14:06of

14:06his

14:06sona?

14:07Are

14:07you

14:07on the

14:08positive

14:08side

14:08or

14:08are

14:09you

14:09on

14:09those

14:09who

14:09are

14:10skeptical

14:10about

14:10it?

14:13Actually,

14:14both.

14:16First,

14:17I always

14:18believe

14:18that

14:19the

14:21lesser

14:22you

14:22tax

14:22the

14:22public,

14:23the

14:24faster

14:24actually

14:25the

14:25economy

14:25grows.

14:26Why?

14:27Because

14:28kung

14:29kunin

14:30ng

14:30tao,

14:31anong

14:31gobyerno,

14:32ang

14:32kita

14:32ng

14:33tao

14:33na

14:34pupunta

14:34sa

14:34gobyerno,

14:35malaki

14:35ang

14:36leakage

14:36doon.

14:37Look

14:37at

14:37the

14:38rate

14:38of

14:39corruption,

14:39we

14:40lose

14:41hundreds

14:42of

14:42billions

14:42of

14:43pesos

14:43every

14:43year.

14:44Whereas,

14:45if

14:45the

14:45money

14:45is

14:45with

14:46the

14:46people,

14:47consumption

14:48driven

14:48yung

14:49economy

14:49natin,

14:50the

14:50more

14:51that

14:51the

14:51economy

14:51will

14:52grow

14:52because

14:52people

14:53have

14:53money.

14:54So,

14:55in

14:55fact,

14:55yan

14:56ang

14:56ginawa

14:56ng

14:56Amerika

14:57at

14:57the

14:57time

14:58ng

14:59nag-crush

15:00yung

15:00stock

15:00market

15:01nila

15:01in

15:011935,

15:02I

15:03think,

15:04the

15:04lower

15:04the

15:05taxes,

15:05then

15:06money

15:06was

15:06freed

15:07up,

15:07napunta

15:08sa

15:08tao,

15:08umikot

15:09yung

15:09economy.

15:10To that

15:11extent,

15:12up to

15:13100,000

15:14pesos

15:14will not

15:14be

15:14taxed,

15:15that's

15:15money

15:16for

15:16the

15:16people.

15:16That's

15:17good

15:17because

15:18that's

15:18good

15:18for

15:18the

15:18economy.

15:19It

15:19will

15:19turn

15:20more

15:20money

15:21in

15:21our

15:21economy.

15:22And

15:23we

15:23need

15:23our

15:23economy

15:24to

15:24grow

15:24faster

15:25to

15:25uplift

15:26more

15:26people

15:26from

15:27poverty.

15:28Now,

15:29the

15:29downside

15:29is,

15:30sa'n tayo

15:31kukuha

15:32ng

15:32panakip

15:32doon.

15:33So,

15:34if we're

15:35going to

15:36let go

15:37of

15:38several

15:39hundred

15:39billions

15:40of

15:40pesos

15:40to

15:41prime

15:42the

15:42economy,

15:43to

15:43pump

15:43prime

15:43the

15:43economy,

15:44that's

15:44good.

15:44But

15:44the

15:44problem

15:45is,

15:46paano

15:46natin

15:46i-recover

15:47yun?

15:47If

15:47our

15:47budget

15:48remains

15:48high,

15:49so,

15:49ang

15:49resulta

15:50is

15:50budget

15:50deficit.

15:51Now,

15:52if we

15:52have

15:52budget

15:53deficit,

15:54the

15:54quick

15:54fix

15:54is

15:55load.

15:56Mangutang

15:56na

15:56naman

15:57tayo.

15:57So,

15:58pag

15:58mangutang

15:58tayo,

16:02in

16:032025,

16:05sa 2025

16:05alone,

16:06our

16:08debt

16:08service

16:08was

16:09pegged

16:10at

16:102

16:10trillion

16:11103

16:12billion.

16:13So,

16:13ito yung

16:13binayan

16:14natin

16:14lahat.

16:152

16:15trillion

16:15103

16:16billion.

16:18864

16:19billion

16:19of that

16:20was for

16:20interest

16:21alone.

16:22So,

16:23864

16:24billion

16:24ang binayan

16:25nating

16:25interest

16:26sa

16:27utang

16:27natin.

16:28So,

16:29that's

16:29roughly

16:29about

16:3020

16:30billion

16:31a

16:32day.

16:32I

16:32think,

16:33yeah,

16:33it's

16:34about

16:342

16:34billion

16:34pesos

16:34a

16:35day

16:35in

16:35interest

16:35alone.

16:36That's

16:36a lot

16:37of

16:37money

16:37na

16:37pwede

16:38magamit

16:38natin

16:39para

16:39sa

16:39ekonomiya

16:39natin

16:40for

16:40social

16:41services

16:41and

16:41others.

16:42In

16:42other

16:43words,

16:44for

16:45every

16:45peso

16:45that

16:46our

16:46government

16:47is

16:48spending

16:48every

16:49in

16:492025,

16:502025,

16:51for

16:51every

16:51peso,

16:5233

16:52centavos

16:53goes

16:54to

16:54debt

16:54servicing.

16:55So,

16:5567

16:56centavos

16:57na

16:57lang

16:57ang

16:58napupunta

16:58sa

17:01So,

17:01that's

17:01the

17:02problem

17:02there.

17:03Maliba

17:03na

17:03lang

17:03if

17:04the

17:04government

17:05is

17:05able

17:06to

17:08find

17:09other

17:09means

17:09to

17:11recover

17:12the

17:12losses

17:12that

17:13we

17:13give

17:14back

17:14in

17:14terms

17:14of

17:15lower

17:15taxes.

17:16So,

17:16it takes

17:17a lot

17:17of

17:17invention

17:18on the

17:18part

17:19of

17:19the

17:19government.

17:20Siguro,

17:21kung

17:21ma-plug

17:24natin

17:24yung

17:24corruption,

17:26so,

17:26ito na,

17:27this is

17:27how

17:27corruption

17:29bleeds

17:29us.

17:30This

17:30is

17:30now

17:30the

17:31effect

17:31of

17:31corruption.

17:32Alam

17:33nyo,

17:33mga

17:33kababayan,

17:34sometimes

17:35we do

17:36not really

17:37value

17:38the

17:39fight

17:39against

17:40corruption

17:40because

17:41tingin

17:42natin,

17:42walang

17:42connection

17:43yun

17:43sa

17:43atin.

17:44But,

17:44you

17:45see,

17:45if we

17:46stop

17:46corruption,

17:47if we

17:48plug the

17:48gap,

17:49if we

17:49plug the

17:50loophole,

17:51government

17:52saves

17:52hundreds

17:52of

17:53billions

17:53of

17:53pesos

17:53every

17:54year,

17:54and

17:54we

17:55can

17:55afford

17:55to

17:56give

17:56you

17:56more

17:58tax-free

17:59income.

17:59So,

18:00hindi

18:01lang

18:01siguro

18:01350,000

18:03up to

18:03half a

18:03million

18:04pesos

18:04of

18:04your

18:04income

18:05will

18:05not

18:05be

18:05taxed

18:06anymore.

18:06Or,

18:07they will

18:08be subject

18:08to lower

18:09taxes.

18:09Because,

18:10may

18:10pagkukunan

18:11tayo

18:11ng panakip

18:12doon.

18:13Ano yun?

18:14We

18:14plug

18:14corruption.

18:15That's the

18:16effect

18:16of

18:16corruption.

18:17The

18:17more

18:17money

18:18flows

18:18out

18:19of

18:19the

18:19system,

18:20napupunta

18:20lang

18:21sa

18:21private

18:22na

18:22bulsa

18:22ng

18:23mga

18:23politiko,

18:24the

18:25more

18:25there

18:25is

18:26a

18:26need

18:26for

18:26government

18:27to

18:27tax

18:27the

18:27hard

18:28working

18:28people.

18:30Actually,

18:31that's

18:31an

18:32interesting

18:33take

18:34about it.

18:35Because,

18:35instead of

18:37just looking

18:37at it

18:37as all

18:38positive

18:38or all

18:39negative,

18:40I agree

18:41with you.

18:42The positive

18:42side is

18:43money on

18:44the people

18:45because they

18:45will not

18:46be taxed

18:47as much

18:47as before.

18:49And,

18:49correct me

18:49if I'm

18:50wrong,

18:50attorney,

18:50I just

18:51gathered

18:51also that

18:52you mentioned

18:53that the

18:54economy is

18:54consumption

18:55driven.

18:55and they

18:56said that

18:5763%

18:58of our

18:59economy

18:59is

18:59actually

19:00consumption

19:00driven.

19:01So,

19:01I agree

19:01with you

19:01in that

19:02context.

19:02If there

19:03will be

19:03more

19:03money

19:04retained

19:05on the

19:05part of

19:06the

19:06people,

19:06then they

19:07will

19:07buy.

19:07So,

19:08that will

19:08move

19:09the

19:09economy

19:09They have

19:10more money

19:10too.

19:11Correct.

19:11They have

19:12more disposable

19:13income.

19:13Correct.

19:14But,

19:14yes,

19:15you also

19:16highlighted

19:16that's

19:17also

19:18supposedly

19:19revenue

19:19of the

19:20government

19:21which they

19:22are no

19:22longer

19:23collecting.

19:24So,

19:25where

19:25will the

19:26government

19:26secure this?

19:27Are they

19:27going to

19:28plug

19:28corruption

19:29among

19:30many

19:30options

19:31or

19:32will

19:32they

19:32borrow?

19:33So,

19:33I think

19:34at least

19:34our viewers

19:34will have

19:35something to

19:36take with

19:36them.

19:37If they

19:37will hear

19:38borrowing,

19:38then it's

19:39like,

19:39okay,

19:40I'm not

19:40going to

19:40tax you,

19:41but I'm

19:41going to

19:41borrow.

19:43I will

19:44make

19:44loan.

19:45not

19:47do

19:47it's

19:49the

19:49future

19:50generation

19:51who

19:51will

19:51keep

19:51paying

19:52for

19:52those

19:52in terms

19:53of

19:53lesser

19:54public

19:54services,

19:55less

19:55quality,

19:56less

19:57quantity,

19:58whereas if

19:58we plug

19:59the

19:59loophole

20:00corruption

20:00at this

20:01moment

20:01in time,

20:02we will

20:03be able

20:03to save

20:03hundreds

20:04of

20:04billions

20:04of

20:04pesos

20:05that we

20:06can

20:06afford

20:06to give

20:06more

20:07tax-free

20:07to our

20:08people.

20:09And with

20:10more

20:10tax-free,

20:10more

20:11disposable

20:11income,

20:12the more

20:14taxes also

20:15the government

20:16earns.

20:17So,

20:17yun lang yun.

20:19And now,

20:20you've

20:20mentioned

20:21on services,

20:22so let's

20:23move to,

20:23I think

20:24this got

20:24a standing

20:25ovation,

20:26and I'm

20:28referring to

20:29the

20:29amendment

20:29of the

20:30Electric

20:30Power

20:31Industry

20:32Reform

20:33Act

20:33or

20:33EPIRA

20:34specifically

20:35on

20:36the

20:37system

20:37loss.

20:39And for

20:40the benefit

20:41of our

20:41viewers,

20:42kanyng

20:42system

20:42loss,

20:43mura ni siya

20:43kung nagpalit

20:44ka

20:442 kilos,

20:47tungkol

20:48kayo

20:48nalanay na siya,

20:49by the time

20:49it reaches

20:50you,

20:50it's only

20:501.5

20:51kilo.

20:52But for

20:53katong

20:53sa restore

20:54na maligyan

20:54eh,

20:55ilang

20:56gicharge

20:56back na

20:57to

20:57ang

20:570.5

20:57loss.

20:58So when

20:59the

20:59president

20:59actually

21:00said

21:00that

21:01this

21:01is

21:01no

21:01longer

21:02be

21:02passed

21:02on

21:02the

21:03consumers,

21:03he got

21:04a

21:04standing

21:04ovation.

21:06What are

21:06your thoughts

21:07about this,

21:08attorney?

21:10Darwin,

21:11mga

21:12kaigsunan,

21:12that's a

21:13palliative

21:13solution.

21:14It's a

21:14band-aid

21:14solution.

21:15How much

21:16are they

21:16going to

21:16give us

21:17in terms

21:17of

21:19systems

21:19loss

21:20reduction?

21:21So

21:21pilarama

21:22na

21:22kasintabo

21:23ang

21:23tanggalon

21:24for

21:24every

21:24kilowatt

21:25hour

21:25that

21:25we

21:26consume.

21:26We

21:27are

21:27not

21:28digging

21:29deeper

21:30into

21:30the

21:30problem.

21:32Once

21:33I was

21:33able to

21:34talk

21:34to

21:34the

21:35owner

21:35of

21:35elegant

21:36light

21:36and

21:36power.

21:37He's

21:38one

21:38of

21:39the

21:39most

21:39avid

21:40advocates

21:41for

21:42lower

21:42energy

21:43costs.

21:44So

21:44he

21:44explained

21:46it to

21:46me,

21:47attorney

21:48Glenn,

21:49the

21:49reason

21:50why

21:50our

21:50electricity

21:51is

21:51so

21:51expensive,

21:53it's

21:53because

21:54they're

21:54bloating

21:54their

21:55assets

21:55in

21:55their

21:56books

21:56of

21:56accounts,

21:57all

21:57of

21:57them,

21:58all

21:58of

21:58the

21:59electric

21:59distributors.

22:01So

22:02ganito

22:03example,

22:04example,

22:07ito

22:08yung

22:08in

22:08example

22:08niya.

22:09Nakita

22:10niyo

22:10yung

22:10poste

22:11na

22:12there's

22:12a lot

22:13of

22:13this

22:13in

22:14Manila.

22:14Yung

22:15poste

22:15na

22:16concrete

22:17na

22:17cemento

22:18na

22:19mataas

22:20masyado.

22:20Yes,

22:21I saw

22:21that.

22:22Okay,

22:24that's

22:24an

22:24example.

22:25That's

22:25an

22:25asset

22:26of

22:26the

22:26distributor,

22:28Vico

22:28for

22:28example.

22:29But

22:29I'm

22:29not

22:29saying

22:30that

22:30Vico

22:30is

22:30engaged

22:31in

22:31that.

22:31Pero

22:32yun

22:32ang

22:32sinabi

22:33sa

22:33akin

22:33yun

22:34may

22:34ari

22:35ng

22:35idig

22:35light

22:35and

22:36power.

22:36Of

22:36course,

22:36I

22:36believed

22:37him

22:37because

22:37he

22:37is

22:37the

22:38owner

22:38of

22:38an

22:38electric

22:39utility.

22:39He

22:40knows

22:40exactly

22:40what

22:40he

22:41is

22:41talking

22:41about.

22:42So

22:42yung

22:42poste

22:43na

22:43malaki,

22:44at

22:45the

22:46time,

22:46it was

22:46just

22:47the cost

22:47of

22:48building

22:48it

22:48or

22:49making

22:49it

22:49was

22:50200,000

22:50pesos.

22:51Yet

22:52in

22:52the

22:52books

22:53of

22:53accounts

22:53of

22:54the

22:54utility

22:54firms

22:55it's

22:552

22:55million

22:56pesos

22:56apiece.

22:57So

22:57what's

22:58the

22:58difference?

22:59200,000

23:00ang

23:00actual

23:01cost.

23:012

23:02million

23:02ang

23:03booked

23:03cost.

23:04So

23:04what's

23:05the

23:05difference?

23:06Because

23:07if

23:07that

23:07200,000

23:08is

23:09used

23:09as

23:09basis,

23:10di ba

23:11ang

23:11electric

23:11utilities

23:12earn

23:13a

23:13fixed

23:13rate

23:13per

23:14the

23:14asset

23:15they

23:15invested?

23:16Example,

23:17I'm

23:17not sure

23:18if

23:18this

23:18is

23:1812%

23:19or

23:1910%.

23:20So

23:20utility

23:21firms

23:21earn

23:2210%

23:22example

23:23on

23:24all

23:24assets

23:24invested.

23:25So

23:26sa

23:26200,000

23:2720,000

23:29lang

23:29ang

23:29dapat

23:30i-earn

23:31ng

23:31utility

23:32firm.

23:32So

23:33that's

23:33spread

23:33out

23:34across

23:34the

23:35utility

23:35bills

23:36ng

23:36mga

23:36tao.

23:3720,000

23:38But

23:39if

23:39it's

23:392

23:39million

23:40200,000

23:42ang

23:4210%

23:42dyan.

23:43So

23:44lumubo

23:45agad

23:45by

23:4610%

23:46by

23:4710

23:48times

23:48from

23:4920,000

23:49spread

23:50out

23:51to

23:51all

23:51the

23:51bills

23:52ng

23:52customer

23:52naging

23:53200,000

23:54per

23:55electric

23:55post.

23:56So

23:57mantakin

23:58mo

23:58per

23:59electric

23:59post

23:59yan.

24:00Tumubo

24:01agad

24:01by

24:0110

24:01times.

24:02So

24:02the

24:03cost

24:03of

24:04electricity

24:04is

24:05bloated

24:05because

24:06the

24:06books

24:06of

24:07accounts

24:07do

24:07not

24:08reflect

24:08the

24:08actual

24:09investment

24:09of

24:10the

24:10utility

24:10firms.

24:11They

24:11are

24:11bloated.

24:12So

24:12the

24:13solution,

24:13the

24:14better

24:14solution

24:15is

24:16to

24:16revalue

24:17all the

24:18assets

24:19of the

24:19utility

24:20firms.

24:20I-revalue

24:21mo yan

24:21because

24:22that is

24:22not

24:22true.

24:23Bloated

24:23yan.

24:24Because

24:24it is

24:25bloated

24:25that

24:2510%

24:26na

24:26return

24:26on

24:27investment

24:27nila,

24:2810%

24:29lang

24:29ang

24:29return

24:29on

24:29investment

24:30sa

24:30investment

24:31nila,

24:32instead

24:32of

24:33220,000

24:34lang,

24:34naging

24:35200,000

24:36and

24:36mantakin

24:36mo

24:37ilang

24:37electric

24:38post

24:38yan.

24:39Another

24:39example,

24:39transmitter.

24:41Ito,

24:41sinabi

24:41din niya

24:42to,

24:42transmitter.

24:43Ano,

24:44transformer.

24:46Transformer.

24:46B-bili

24:47si

24:48subsidiary

24:48A,

24:4925

24:49million.

24:50I-benta

24:51kay

24:51subsidiary

24:51B,

24:5250

24:52million.

24:53I-benta

24:54kay

24:54subsidiary

24:54C,

24:5575

24:55million.

24:56I-benta

24:57kay

24:57subsidiary

24:58D,

24:59100

24:59million.

25:00Tapos

25:00si

25:01utility

25:01firm,

25:01bibili

25:02ng

25:02150

25:03million.

25:04Sa kanya

25:04yung mga

25:04kumpanya

25:05na yun.

25:05So from

25:0525

25:06million,

25:06naging

25:06150

25:07million.

25:08So

25:08instead of

25:092.5

25:10million

25:10lang,

25:11ang

25:11i-earn

25:11sa

25:12transformer,

25:13naging

25:1315

25:14million na.

25:14So that's

25:15the reason

25:16why

25:16electricity

25:17is very

25:17expensive.

25:19Bloated

25:19ang nasa

25:20books of

25:20accounts

25:20ng mga

25:21utility

25:21firms.

25:22So

25:22while it's

25:24good news

25:24that you

25:25remove

25:26systems

25:26charges,

25:27systems

25:28laws,

25:29maghahanap

25:30ng paraan

25:30ang mga

25:31utility,

25:31i-charge

25:32sa atin

25:32ulit yan,

25:33under a

25:33different name,

25:34under a

25:34different

25:35animal.

25:37So

25:37what you're

25:38saying

25:38actually

25:39attorney

25:39is

25:39it's

25:39better

25:40that

25:41the

25:42evaluation

25:43of the

25:44assets

25:44and making

25:45them

25:45close to

25:46their

25:46real

25:47value,

25:47that's

25:48a more

25:48sustainable

25:49solution.

25:51Yes,

25:52that's the

25:52long-term

25:53solution.

25:53The

25:54president

25:54should

25:54order

25:55the

25:55ERC

25:56na

25:56i-revalue

25:57lahat

25:58ng assets

25:58na

25:58in-invest

25:59ng mga

25:59utility

26:00firms,

26:00all of

26:00them.

26:01I'm a

26:01CPM,

26:02know what

26:02I'm

26:02talking

26:02about.

26:03So

26:03pag

26:03ni-revalue

26:04mo yan

26:04at

26:05bababa

26:05yung

26:05value

26:06of

26:06investment

26:06nila

26:06because

26:07it's

26:07bloated,

26:08bababa

26:08din yung

26:09return

26:09on

26:10investment

26:10nila.

26:11So

26:11pagbaba

26:13ng return

26:13investments,

26:14bababa

26:14ang

26:15kuryente.

26:16And

26:17that's

26:17the

26:17more

26:17lasting

26:17solution.

26:19What

26:20about

26:20his

26:20pronouncement

26:21that we

26:21will

26:21also

26:22revisit

26:23nuclear

26:24energy?

26:25Is

26:26that

26:27aspirational

26:28or

26:29is

26:30that

26:30something

26:31that

26:31realistically

26:32be

26:33accomplished

26:33within

26:34his

26:34term?

26:35What

26:35are

26:35your

26:36thoughts

26:36also

26:36about

26:37this?

26:39That's

26:39one thing

26:40I agree

26:40with him.

26:41Very

26:41rare,

26:42but I

26:43agree

26:43with him

26:43Darwin.

26:46Nuclear

26:46power

26:47is the

26:48cheapest

26:48because we

26:49cannot rely

26:50animal or

26:51fossil fuel.

26:51will

26:54suffer

26:56from

26:56petrol

26:57in the

26:58gas

26:58stations

26:59to

26:59electricity

27:00and

27:01all

27:01others

27:02including

27:02food.

27:03So

27:03if

27:04we

27:04have

27:04besides

27:05nuclear

27:06technology

27:07now

27:07is a

27:08lot

27:08better

27:08than

27:09it

27:09was

27:09in

27:09the

27:091970s

27:10or

27:111980s.

27:12It's

27:12a lot

27:13safer.

27:14It's

27:14a lot

27:14cheaper.

27:16So

27:17that

27:17I

27:18agree

27:18with

27:18Mr.

27:19Marcos

27:19that

27:19we

27:19should

27:20expand

27:21our

27:21energy

27:22mix

27:22to

27:22include

27:23nuclear

27:23power.

27:25So

27:26you

27:27also

27:27think

27:28that's

27:28a

27:29good

27:30direction.

27:31For

27:34your

27:35understanding

27:36also

27:36Attorney

27:36Glenn,

27:37how

27:37reasonable

27:38is it

27:39just

27:39in

27:39case

27:40the

27:41Philippines

27:42will

27:42indeed

27:43invest

27:43on

27:44this

27:44direction.

27:45how

27:45reasonable

27:46will

27:47this

27:48be

27:48eventually

27:49reach

27:49implementation

27:50stage?

27:52In

27:53terms of

27:53public

27:54expectation,

27:54how

27:54soon

27:55can

27:56this

27:56happen?

27:58That

27:59will

27:59take

27:59years.

28:00It's

28:00a

28:01nuclear

28:01power

28:02is not

28:02something

28:03that you

28:03can

28:03just

28:03plug

28:04and

28:04play.

28:05You

28:05have

28:06to

28:07build

28:07it

28:07from

28:07scratch.

28:08Unless

28:10small

28:11units

28:12of

28:12nuclear

28:13power

28:13are

28:14modular

28:14that

28:15might

28:16be

28:16quicker.

28:17That

28:17might

28:17be

28:17a

28:17lot

28:17faster.

28:18But

28:18if

28:19you're

28:19talking

28:20of

28:20the

28:20likes

28:21of

28:21nuclear

28:21power

28:22front,

28:22it

28:25will

28:25take

28:25years.

28:26But

28:26if

28:28modular,

28:29I know

28:30there's

28:30modular,

28:32it might

28:32be

28:32quicker.

28:34But at

28:34least it's

28:35a step

28:35to the

28:36right

28:37direction.

28:38Yes.

28:39I agree.

28:40Now

28:41let's

28:41talk

28:42about

28:42because

28:42I'll

28:42end

28:43with

28:43the

28:44Hague

28:442016

28:47ruling.

28:48But

28:49before

28:49that,

28:50this is

28:52still

28:52an

28:52interesting

28:53conversation.

28:53So I'll

28:54move

28:54with

28:54the

28:55other

28:56topics

28:56also

28:56that's

28:57well

28:57applauded.

28:58And

28:59he was

28:59also

29:00talking

29:00about

29:01government

29:02interventions

29:03during

29:04the

29:05Middle

29:05East

29:06oil

29:06crisis.

29:07But

29:08my

29:09impression

29:09and

29:09then

29:09tell

29:10me

29:10attorney

29:10whether

29:11you

29:11agree

29:11with

29:11my

29:12impression

29:12or

29:12you

29:12disagree

29:13with

29:13my

29:13impression.

29:14But

29:14in

29:14this

29:15part

29:15of

29:15the

29:15sauna,

29:16it

29:16actually

29:17sounded

29:17more

29:18like

29:18an

29:18ayuda

29:19part.

29:20Because

29:21he was

29:21talking

29:22about

29:22diesel

29:23subsidy

29:23to

29:24public

29:24utility

29:25vehicles,

29:26cash

29:26assistance

29:27to

29:27transport

29:29workers,

29:30continuing

29:31libreng

29:32sakay

29:32program.

29:33So for

29:34me,

29:35they

29:35softened

29:36somehow

29:36the

29:37impact.

29:37But

29:37they

29:38sound

29:38to

29:38me

29:38like

29:39ayuda

29:39rather

29:40than

29:42policy

29:43related.

29:43What are

29:44your

29:44thoughts?

29:45You can

29:45disagree

29:46with

29:46me

29:46if

29:47you

29:48don't

29:48agree

29:49with

29:49what

29:49I

29:49said.

29:51Darwin,

29:52I agree

29:53with you

29:53that

29:56if you

29:56look at

29:57all those

29:57interventions

29:58of the

29:58government,

29:59ayuda

30:00gives

30:00a

30:01subsidy.

30:02But

30:04we

30:05have

30:05to

30:06take

30:06note

30:07also

30:07that

30:07in

30:08Southeast

30:08Asia,

30:09the

30:10Philippines

30:10is

30:11one

30:11of

30:11the

30:11few

30:12countries

30:12that

30:13will

30:13have

30:13subsidy

30:13on

30:14electric

30:14power.

30:15So that's

30:15one of

30:15the

30:16reasons

30:16it's

30:16current.

30:17Aside

30:18from

30:18the

30:19bloated

30:19asset

30:20investments.

30:21Now,

30:23per se,

30:24the

30:24ayuda

30:24is not

30:25good

30:25because

30:27it

30:29instills

30:31mendicancy

30:32on the

30:32part of

30:33the

30:33people.

30:33will

30:34more

30:34than

30:37But

30:37remember

30:38that

30:39the

30:39government's

30:40resources

30:40are

30:42finite.

30:43It's not

30:43indefinite.

30:45We're

30:46not like

30:46Saudi

30:47Arabia.

30:47They have

30:48a sovereign

30:49wealth fund

30:50that's in

30:50the

30:50trillions

30:51of

30:51pesos.

30:51In

30:52Sweden,

30:53it's

30:53more

30:54than

30:54two

30:54trillion

30:54dollars.

30:55We don't

30:57have that.

30:58So,

30:59ayuda

31:00would

31:00not

31:00be

31:00a

31:01permanent

31:01solution.

31:02Now,

31:05this is

31:06what I

31:06would like

31:07the

31:07government

31:07to

31:08consider.

31:09Because

31:10if I

31:10were the

31:10president,

31:11I would

31:11do

31:11this.

31:12And

31:12Marcos

31:13was

31:13mentioning

31:14kahapon

31:15about

31:15service

31:16contracts.

31:17If you

31:18remember

31:18Darwin,

31:19he was

31:19mentioning

31:19about

31:2014

31:20service

31:21contracts,

31:21the

31:22biggest

31:22number

31:23in

31:24any

31:24administration.

31:25So,

31:25ito

31:25yung

31:26mga

31:26service

31:26contracts

31:27for

31:27finding

31:28oil,

31:29finding

31:29hydrogen,

31:30finding

31:31gas,

31:31di ba?

31:40Is

31:40attorney

31:41Glenn

31:41still

31:41there?

31:45Ah?

31:46Nah?

31:48Sorry?

31:50He's

31:51got?

31:52Sige,

31:53sige.

31:53So,

31:54he's

31:54got?

31:55Okay.

31:56Sige.

31:56So,

31:56okay.

31:57So,

31:58the

31:58disconnect

31:58si

31:58attorney

31:59Glenn.

31:59So,

32:00so far,

32:01what we

32:02have

32:02discussed

32:03were,

32:03because

32:04what I

32:04did

32:04was I

32:05just

32:05cherry

32:05picked

32:06on

32:07the

32:07what I

32:08thought

32:08were

32:09the

32:09highlights.

32:10Hello,

32:10attorney

32:10Glenn,

32:10welcome

32:11back.

32:11And I

32:11just

32:11can't

32:12talk to

32:12the viewers.

32:13So,

32:13I just

32:14told them

32:14that

32:15because

32:15it's

32:16over

32:16an hour

32:17sauna,

32:17so we

32:18just

32:18pick

32:19on

32:19certain

32:19parts

32:20of the

32:20sauna,

32:21which

32:21we find

32:22to be

32:22an

32:22interesting

32:23point.

32:23I find

32:23to be

32:24an

32:24interesting

32:24point

32:24of

32:24discussion.

32:25Sige,

32:25you continue

32:26attorney

32:26Glenn.

32:28With the

32:28reforms that

32:29you want to

32:29suggest.

32:32when you

32:32award,

32:35when you

32:36award,

32:37hello,

32:38Darwin,

32:38can you

32:38hear me?

32:39Yes,

32:39yes,

32:40clearly,

32:41attorney

32:41Glenn.

32:43Hello?

32:44Yes,

32:44I can

32:44hear you,

32:45attorney

32:45Glenn.

32:48Hello,

32:48Darwin,

32:49hello?

32:49Yes,

32:49attorney

32:50Glenn,

32:50I can

32:50hear you.

32:51No,

32:51I can

32:53hear you,

32:54attorney

32:54Glenn.

33:00he was

33:01again

33:02disconnected.

33:03Sige,

33:04so going

33:05back,

33:05at least

33:05for the

33:06viewers to

33:07get to

33:07see,

33:07so I

33:08think it's

33:08one hour

33:09and 15

33:09minutes,

33:10if I

33:10remember it

33:11correctly,

33:11or if I

33:12timed it

33:12correctly,

33:14the sauna,

33:14so it's

33:14quite long.

33:15So for

33:16the conversation

33:16of today,

33:17because we

33:18only have

33:18limited time,

33:19so I

33:19just focus

33:20on certain

33:21sections which

33:22are applauded,

33:23but at the

33:24same time,

33:25there are

33:26also certain

33:27skeptics who

33:29are doubting

33:30whether the

33:31president really

33:32is sincere

33:33about it,

33:34and whether the

33:35president could

33:36actually pull it

33:37off,

33:37and so we

33:37covered already

33:38the piece

33:39on corruption,

33:41and we

33:42covered also

33:42the piece

33:43on electricity,

33:46and now we

33:47covered on the

33:48part on how

33:50we respond to

33:51the Middle

33:52East economic

33:53tension.

33:53So yes,

33:55we now have

33:56attorney Glenn

33:57again,

33:58and he's

33:59discussing,

33:59he will

33:59continue his

34:00discussion about

34:00the reform

34:01that he's

34:01suggesting.

34:04Sorry,

34:05my

34:06exoran,

34:06paciencia.

34:09Marcos was

34:10saying that

34:11he approved

34:1214 service

34:13contracts,

34:14the biggest

34:14number in

34:15any

34:15administration.

34:16In other

34:17words,

34:17the government

34:18is passive.

34:19It's just

34:20waiting for

34:21private companies

34:22to apply for

34:23service

34:24contracts

34:24to get

34:25oil or

34:26gas or

34:27hydrogen or

34:27other

34:28natural

34:28resources.

34:29If I

34:30were the

34:31president,

34:32I will

34:33set aside

34:34funds from

34:34the national

34:35budget.

34:35tayo

34:36ang

34:36maghanap

34:37of oil

34:38not the

34:39private

34:39companies.

34:40Why?

34:41Because

34:41when oil

34:43is discovered

34:43or gas

34:44is discovered

34:45by private

34:46companies,

34:46the government

34:47is left

34:48with nothing

34:49but royalties

34:50and taxes.

34:51Diba?

34:52Royalties

34:52lang

34:53ang

34:53makuha

34:53natin

34:53ang

34:54taxes.

34:55Whereas

34:55if the

34:56government

34:56is going

34:56to invest

34:57in the

34:58finding

34:58and discovery

34:59of oil,

35:00lahat

35:00ng oil,

35:01atin yan.

35:03So,

35:03what,

35:05so in

35:05other words,

35:06Darwin,

35:06we will

35:07get to

35:08earn

35:08more

35:08if the

35:10oil is

35:10owned

35:10by the

35:11government

35:11and not

35:12simply

35:12royalties

35:13and taxes.

35:14So,

35:15besides,

35:16kung may

35:17pera

35:17ang gobyerno,

35:18we can

35:18fast track

35:19the effort

35:20to find

35:21oil,

35:21the effort

35:22to find

35:22gas,

35:22the effort

35:23to find

35:24hydrogen

35:24or other

35:25natural

35:25resources

35:26because

35:27nag-invest

35:27ang gobyerno

35:28diyan.

35:28Again,

35:29we go back

35:29to the

35:29issue

35:30of corruption.

35:31If we

35:31can only

35:32save a

35:32fraction

35:33of that

35:33money

35:34from

35:34corruption,

35:35if we

35:35can only

35:36plug

35:36that

35:36corruption,

35:37hindi lang

35:38taxes

35:38ang bababa,

35:39we have

35:40funds

35:40to find

35:41oil,

35:42other

35:42natural

35:42resources

35:43that can

35:44make us

35:44energy

35:45secure.

35:46Now,

35:47you've

35:49mentioned

35:49finding

35:50the

35:51government

35:51itself,

35:52we'll

35:53have

35:53to

35:53find

35:53the

35:53source

35:54of

35:54oil.

35:54Are

35:55you

35:55referring

35:56to

35:56sourcing

35:57of

35:57oil

35:58locally?

35:59Because

35:59I've

36:00also

36:00heard

36:00economists

36:01saying

36:02that

36:03the

36:03factor

36:04why we

36:04are

36:05very

36:06vulnerable

36:06when it

36:07comes to

36:08Middle East

36:09tension,

36:09it's because

36:10of our

36:10heavy,

36:11like super

36:12heavy

36:12dependence

36:13on

36:13importation

36:14of oil.

36:15So,

36:15are you

36:15advocating

36:16with what

36:16you just

36:17said

36:17about

36:17looking

36:18for

36:18sources

36:19within

36:19the

36:20Philippines?

36:21Yes,

36:23we're

36:23going to

36:23find

36:24oil

36:24within

36:25our

36:25own

36:25country

36:26because

36:26there

36:27is.

36:27In fact,

36:28here in

36:28Cebu,

36:29there's

36:30one

36:30discovered

36:31somewhere,

36:31although the

36:32deposit is

36:33not really

36:34very big.

36:35But if

36:36there's

36:36oil

36:37somewhere

36:37in this

36:38country,

36:39this country

36:40has got

36:40some oil

36:41somewhere.

36:43So,

36:48kung

36:48kunti

36:49lang

36:49yung

36:49kumpanyang

36:50pupunta

36:50at

36:50maghahanap,

36:51then it

36:51will

36:52take us

36:52millennium

36:53to find

36:53that

36:54oil.

36:54But if

36:55government

36:55persistently

36:56invest

36:57on

36:57finding

36:57that

36:58oil,

36:58hindi

36:59lang

36:59tayo

36:59ang

36:59may

36:59ari

37:00ng

37:00lahat

37:00ng

37:00oil,

37:01hindi

37:01lang

37:01taxes

37:02or

37:02royalties

37:03ang

37:03pag-aasahan

37:03natin,

37:04kundi

37:04the

37:04oil

37:04itself,

37:05we

37:05will

37:06earn

37:06more.

37:06Look

37:07at

37:07Saudi

37:07Arabia,

37:08look

37:08at

37:08the

37:08United

37:09Arab

37:09Emirates,

37:10they

37:12and

37:15I was

37:15just

37:15actually

37:16looking at

37:17the

37:17time

37:17and

37:17this

37:17is

37:18really

37:18a

37:18wonderful

37:18discussion

37:19but

37:19before

37:19we

37:20close

37:20with

37:21the

37:21Hague,

37:22because

37:22that

37:22was

37:22the

37:23last

37:23part

37:23of

37:23Arizona,

37:24I

37:24just

37:24don't

37:25want

37:25to

37:25leave

37:25this

37:26conversation

37:26without

37:27discussing

37:27about

37:28agriculture

37:28because

37:29I

37:30think

37:30this

37:30is

37:31in

37:31my

37:31view,

37:32this

37:33is

37:33one

37:33of

37:34the

37:36supposedly

37:37pillars

37:38of the

37:39president's

37:39promises

37:40and I'm

37:40talking

37:40about

37:41the

37:4120

37:41peso

37:41rice

37:42but

37:43more

37:44than

37:44just

37:44rice

37:45agriculture

37:45supposedly

37:47is a

37:48backbone

37:49of

37:49our

37:50economy

37:51and

37:51I'm

37:52just

37:52saddened

37:52as an

37:53everyday

37:53person

37:54I'm

37:54just

37:54saddened

37:55that

37:55agriculture

37:56supposedly

37:56is a

37:57strength

37:57given

37:58our

37:59nature

38:00as a

38:01country

38:02and

38:03I'm

38:04still

38:04wondering

38:05why

38:05we

38:05are

38:05a

38:06country

38:06of

38:07consumers

38:07rather

38:08than

38:09producers

38:09and

38:09for

38:10me

38:10agriculture

38:11is

38:11one

38:11part

38:12supposedly

38:12that

38:12we

38:12don't

38:13have

38:13to

38:13import

38:13we

38:14just

38:14have

38:14to

38:15leverage

38:15on

38:15what

38:15we

38:15have

38:16can

38:16you

38:16share

38:17your

38:17thoughts

38:17about

38:18this

38:19minor

38:20part

38:20in

38:21his

38:21Sona

38:22about

38:22food

38:22security

38:25actually

38:25Darwin

38:27if

38:29if

38:29we

38:30only

38:30use

38:31the

38:31government's

38:31resources

38:32to

38:33make

38:36our

38:36farmers

38:37become

38:37more

38:37productive

38:38the

38:38key

38:39there

38:39is

38:39they

38:39should

38:40be

38:40more

38:40productive

38:40they

38:41should

38:41be

38:41more

38:41efficient

38:42because

38:43when

38:43their

38:43production

38:44of

38:44rice

38:44is

38:45efficient

38:45they

38:46actually

38:47produce

38:48more

38:48at

38:49least

38:49cost

38:50so

38:50they

38:50can

38:51sell

38:51it

38:51at

38:51a

38:51far

38:52lower

38:52cost

38:52and

38:53we

38:53do

38:54not

38:54need

38:54to

38:54import

38:55rice

38:55because

38:55they

38:56can

38:56produce

38:56more

38:57so

38:58the

38:58problem

38:58is

39:00somewhere

39:01along

39:01the

39:01line

39:01the

39:04projects

39:04that are

39:05intended

39:05to help

39:05our

39:06farmers

39:07get

39:08sucked

39:08up

39:08by the

39:08corrupt

39:09people

39:10example

39:11lang

39:11example

39:12lang

39:12kanang

39:12farm to

39:13market

39:13road

39:13sa

39:15department

39:15of

39:15agriculture

39:16example

39:17ng farm

39:17to

39:18market

39:18road

39:19the

39:19concept

39:20is

39:20siminto

39:21na tong

39:22kalsada

39:22para

39:24the

39:26palay

39:26that's

39:27produced

39:27in this

39:28area

39:29can reach

39:29the

39:30market

39:30at least

39:30cost

39:31diba

39:32moment

39:32na

39:33dili

39:34lubak

39:34like

39:34for

39:35example

39:35ha

39:35on

39:36farm

39:36to

39:36market

39:37road

39:37is

39:37lubak

39:43kalsada

39:45you

39:46lost

39:47already

39:48instead

39:48not only

39:49of

39:49time

39:49but

39:49the

39:50quantity

39:50of

39:51the

39:51rice

39:51that's

39:51lost

39:51so

39:53instead

39:54atong

39:54siminto

39:55what

39:55happens

39:56what

39:57happens

39:57they're

39:58selling

39:58it

39:58they're

39:59selling

40:00the

40:00farm

40:00to

40:00market

40:01road

40:01to

40:01congressmen

40:02and

40:02contractors

40:03so

40:04instead

40:04na

40:061

40:07million

40:07ang

40:07kilometer

40:08250

40:09meters

40:10na lang

40:11so

40:12it takes

40:12more

40:12money

40:13to

40:13complete

40:14the

40:14entire

40:15road

40:15so

40:17because

40:17we

40:17do not

40:17have

40:17the

40:18money

40:18the

40:18road

40:18is

40:19not

40:19completed

40:20example

40:21example

40:22ang

40:23kasagaran

40:24project

40:25is

40:25ito

40:26I have

40:26an

40:26experience

40:27with

40:27this

40:27one

40:28road

40:29resurfacing

40:31kanang

40:32road

40:32resurfacing

40:33lubak-lubak

40:34na

40:34karsada

40:35butangan

40:36og

40:36lagyan

40:37ng

40:37base

40:38course

40:38material

40:39101

40:39yan

40:40sa

40:40department

40:40of

40:40public

40:41works

40:41and

40:41highways

40:41base

40:42course

40:42tapos

40:43pisonin

40:44pag

40:44pison

40:45flat

40:45na

40:46pagdating

40:47ng

40:47ulan

40:48wash

40:48out

40:49wala

40:49na

40:50ang

40:50pera

40:50thank

40:51you

40:51na

40:51balik

40:52ka

40:52na

40:52ulit

40:52sa

40:52lubak-lubak

40:53you

40:54know

40:54darwin

40:55I

40:57was

40:57given

40:58that

40:58kind

40:58of

40:58project

40:58before

40:59when

40:59I

40:59was

40:59congressman

41:00it's

41:00worth

41:01209

41:01million

41:02pesos

41:02back

41:03in

41:042008

41:06that's

41:07a lot

41:07of

41:07money

41:10hello

41:11yes

41:11you can

41:11continue

41:11attorney

41:12glenn

41:13attorney

41:14glenn

41:14hello

41:14yes

41:15no

41:17you're

41:17still

41:17here

41:19you're

41:20still

41:20here

41:20attorney

41:22attorney

41:25can

41:25you

41:26still

41:26hear

41:26me

41:27attorney

41:30okay

41:31so

41:31there

41:32is

41:33again

41:33an

41:33interruption

41:34of

41:35his

41:36internet

41:37connection

41:38so

41:38maybe

41:38that's

41:39one

41:39piece

41:39also

41:40of

41:41our

41:42infra

41:43that

41:43we need

41:44to

41:45work

41:46better

41:46but

41:47anyhow

41:48because

41:48I'm

41:48supposed

41:49to

41:49wrap

41:49up

41:50this

41:50conversation

41:51I hope

41:51he will

41:51be

41:51back

41:52because

41:52the piece

41:53that I

41:53wanted

41:54to cover

41:54towards

41:54the end

41:55is also

41:55the end

41:56of

41:56his

41:56sauna

41:56which

41:57is

41:57on

41:57our

41:58on

41:59the

41:59tension

41:59on

42:00the

42:00west

42:00philippine

42:00sea

42:01but

42:01before

42:02we'll

42:02get

42:02into

42:02that

42:03because

42:03I'm

42:03still

42:04hopeful

42:04that

42:05he

42:05would

42:05still

42:06be

42:06able

42:06to

42:07reconnect

42:08so

42:09what

42:09we've

42:09covered

42:10now

42:10is

42:13corruption

42:15and

42:16the

42:16and

42:17we're

42:17not

42:17just

42:18talking

42:18about

42:18the

42:19big

42:19fish

42:19which

42:20is

42:20Martin

42:20former

42:21house

42:21speaker

42:22Martin

42:22Romualdez

42:23it's

42:23important

42:24also

42:24that

42:25we

42:25have

42:26to

42:26see

42:26those

42:27who

42:27are

42:28allegedly

42:28involved

42:30in

42:30corruption

42:30for

42:31them

42:31to

42:32eventually

42:32be

42:33investigated

42:34and

42:36leading

42:37to

42:38the

42:38resolution

42:38of

42:38the

42:38flood

42:39control

42:39and

42:39in

42:40the

42:40course

42:40of

42:40the

42:40conversation

42:41you

42:41can

42:41see

42:41that

42:42the

42:43corruption

42:43is

42:43also

42:44linked

42:44to

42:44how

42:45we

42:45can

42:46find

42:46better

42:47sources

42:47of

42:47energy

42:48and

42:48then

42:48we

42:49talk

42:49also

42:49about

42:49how

42:50plugging

42:50corruption

42:51also

42:51gives

42:51us

42:52resources

42:52to

42:52explore

42:53more

42:54oil

42:55within

42:57the

42:57Philippines

42:58which

42:58would

42:58also

42:59decrease

42:59our

43:00reliance

43:00to

43:01importation

43:02of

43:03fuel

43:04so

43:05now

43:05going

43:05back

43:06attorney

43:06Glenn

43:06you

43:07were

43:07saying

43:09back

43:09in

43:112008

43:11I

43:16found out

43:17in the

43:17national

43:17expenditure

43:18program

43:18when I was

43:20reading it

43:20I was

43:21given

43:22209

43:22million

43:23pesos

43:23worth

43:24of

43:24road

43:25resurfacing

43:28after

43:30three

43:30months

43:31after

43:32three

43:32months

43:34so

43:35you

43:35know

43:35what

43:36that

43:36209

43:37million

43:37I could

43:38easily

43:38earn

43:39105

43:39million

43:40in

43:40three

43:40months

43:40so

43:42I could

43:43have

43:43easily

43:43earned

43:44105

43:44million

43:45in

43:45three

43:45months

43:45and

43:46I

43:46will

43:46not

43:47do

43:47anything

43:47nothing

43:48I

43:48will

43:48just

43:48wait

43:49until

43:49the

43:50project

43:50is

43:50completed

43:51imagine

43:52I

43:52will

43:52earn

43:53more

43:53than

43:53a

43:54million

43:54pesos

43:54every

43:55day

43:56more

43:56than

43:57a

43:57million

43:57pesos

43:57every

43:57day

43:58back

43:58in

43:582008

43:58you

43:59know

43:59what

43:59I

43:59did

43:59I

44:00wrote

44:00to

44:00the

44:01department

44:01of

44:01public

44:01works

44:02and

44:02highways

44:02I

44:02told

44:03them

44:03I'm

44:04returning

44:04this

44:05but I'm

44:06getting

44:06it

44:06back

44:06also

44:07but I

44:07want

44:08it

44:08road

44:08concreting

44:10not

44:11this

44:12kind

44:12of

44:12project

44:13so

44:14when

44:14the

44:14DPWH

44:15returned

44:15it

44:15to

44:15me

44:16it

44:16was

44:17for

44:17road

44:17concreting

44:18I

44:18gave

44:18them

44:18the

44:19stations

44:19ito

44:19yung

44:19kalsada

44:20ko

44:20that

44:21I

44:21want

44:21to

44:22be

44:22concreted

44:22so

44:23you

44:23know

44:23what

44:24Darwin

44:25when

44:26I

44:26first

44:27started

44:27as

44:27congressman

44:28in

44:28Biliran

44:29Biliran

44:29was

44:29perennial

44:30top

44:3110

44:31poorest

44:32province

44:32of

44:32the

44:32Philippines

44:33our

44:34poverty

44:34incidence

44:35at that

44:35time

44:36was

44:3670%

44:37so

44:38a lot

44:40of

44:40people

44:40were

44:41really

44:41poor

44:41and

44:42then

44:42when

44:43I

44:43attended

44:43a

44:44World

44:44Bank

44:44seminar

44:4520

44:45lang

44:45kaming

44:46young

44:46congressman

44:47they

44:47called

44:47us

44:47together

44:48and

44:48sabi

44:48nila

44:48when

44:50you

44:50concretize

44:51your

44:51road

44:51and

44:51connect

44:52it

44:52to

44:52the

44:52national

44:53network

44:53you

44:54gain

44:5422

44:55times

44:55more

44:55benefit

44:56so

44:57that's

44:57exactly

44:57what

44:58I

44:58did

44:59at

45:02the

45:02time

45:03my

45:03opponent

45:05concreted

45:0632

45:06kilometers

45:07in 12

45:08years

45:08I

45:09delivered

45:0931

45:10kilometers

45:11in

45:11just

45:123

45:12years

45:12so

45:13when

45:16I

45:16stepped

45:17down

45:20as

45:21congressman

45:21after

45:22one

45:22term

45:22poverty

45:23incidence

45:24was

45:2430%

45:26so

45:27you

45:27see

45:27nabaligtad

45:28na

45:28ko

45:28ang

45:30poverty

45:30incidence

45:31from

45:3170%

45:32to

45:3230%

45:33in

45:33just

45:333

45:34years

45:34that's

45:35why

45:35you

45:35will

45:35not

45:35say

45:35Billy

45:35run

45:36in

45:36the top

45:3710

45:37poorest

45:37province

45:38anymore

45:38so

45:39you

45:39see

45:40corruption

45:42goes

45:43a long

45:43way

45:43to

45:44keep

45:44people

45:44poor

45:45that's

45:46the

45:46same

45:46way

45:47in

45:47our

45:47agriculture

45:47the

45:48biggest

45:49sector

45:49of

45:50our

45:50economy

45:50so

45:51actually

45:52if we

45:52modernize

45:53our

45:53agriculture

45:54our

45:55economy

45:55will

45:55grow

45:55faster

45:56and

45:56bigger

45:56so

45:58I

45:59also

45:59hope

45:59that

46:00our

46:00viewers

46:00are

46:01able

46:01to

46:01see

46:01there

46:02are

46:03so

46:03many

46:04things

46:04that

46:05we

46:05can

46:06already

46:06do

46:07just

46:07by

46:08saving

46:08on

46:09the

46:10part

46:11of

46:11our

46:11financial

46:12resources

46:13that

46:14just

46:14went

46:14to

46:15corruption

46:15so

46:17that's

46:18one of

46:19the key

46:19takeaways

46:19in this

46:20conversation

46:20yes

46:21attorney

46:23this

46:23is

46:23what

46:24I

46:24offer

46:24our

46:24viewers

46:25I

46:26also

46:27I

46:27use

46:28public

46:29funds

46:31but

46:31nobody

46:32has

46:33ever

46:33sued

46:33me

46:33not

46:35even

46:35Marcos

46:36not

46:37even

46:37Aquino

46:39why

46:40because

46:41I

46:41give it

46:45all to

46:46my

46:46people

46:46and

46:47I

46:47serve

46:48them

46:48well

46:48that's

46:49why

46:49I

46:49can

46:49say

46:50my

46:50mind

46:51I

46:51can

46:52talk

46:52without

46:53fear

46:54I

46:54can

46:54talk

46:55I

46:55can

46:55pay

46:55attention

46:55Mr.

46:56Marcos

46:56and

46:57he

46:57cannot

46:57sue

46:57me

46:58because

47:00imagine

47:02I

47:02let go

47:03of

47:03105

47:03million

47:04pesos

47:04in

47:05three

47:05months

47:05more

47:05than

47:05a

47:06million

47:06pesos

47:06every

47:06day

47:07if

47:07I

47:07can

47:08let

47:08go

47:08of

47:08that

47:08money

47:09I

47:09can

47:09let

47:09go

47:09of

47:09bigger

47:10money

47:10if

47:11only

47:11we

47:12can

47:12do

47:12that

47:12if

47:12only

47:13our

47:13public

47:13officials

47:14can

47:14do

47:14that

47:14we

47:15will

47:15go

47:16a

47:16long

47:16way

47:18and

47:21optimistic

47:22about

47:23our

47:23future

47:23at

47:24least

47:24even

47:24in

47:25spite

47:25of

47:25what's

47:26happening

47:26in

47:26the

47:26present

47:26now

47:27I'd

47:27like

47:27to

47:27end

47:28this

47:28conversation

47:29attorney

47:29Glenn

47:29but

47:29I

47:30hope

47:30we

47:30will

47:30have

47:30parts

47:31two

47:31three

47:31and

47:31four

47:32in

47:32the

47:32future

47:32with

47:33the

47:33end

47:34also

47:36of

47:37the

47:37president

47:37speech

47:37and

47:38I

47:39have

47:39to

47:40admit

47:40in

47:40this

47:41part

47:41more

47:41became

47:41slightly

47:42emotional

47:43because

47:44it

47:45was

47:46able

47:46to

47:46successfully

47:47bring

47:48out

47:48the

47:49patriotic

47:49side

47:50of

47:51me

47:51and

47:51this

47:52is

47:52the

47:52part

47:52when

47:53he

47:53said

47:53we

47:54are

47:54respectful

47:55we

47:56are

47:56dignified

47:57although

47:58it's

47:58translated

47:58in

47:59English

47:59we

48:00are

48:00Filipinos

48:01and

48:02we

48:02do

48:03not

48:03yield

48:03and

48:04his

48:05term

48:05that

48:06he

48:06used

48:06about

48:07this

48:07is

48:07a

48:08portion

48:08of

48:09Bayang

48:09Magiliu

48:09or

48:10national

48:10anthem

48:11di tayo

48:12pasisi

48:13il

48:13and

48:13that

48:14to

48:14me

48:14was

48:14very

48:16meaningful

48:17but

48:17the

48:17bigger

48:18question

48:19here

48:19attorney

48:20Glenn

48:20is

48:21how

48:21can

48:22we

48:22exactly

48:23defend

48:24our

48:25sovereignty

48:27without

48:29escalating

48:30tension

48:31I think

48:32that's the

48:33piece

48:33I'm for

48:34it

48:35but I'm

48:36not seeing

48:36where the

48:37balance

48:38should be

48:41Darwin

48:41I'll

48:42start

48:42with

48:42this

48:44I'll

48:44start

48:44with

48:44this

48:45answer

48:46if

48:46I

48:47were

48:47the

48:47monkey

48:47king

48:49I

48:49will

48:49consider

48:50recognizing

48:51Taiwan

48:51instead

48:52of the

48:52people's

48:53republic

48:53of

48:53china

48:53that

48:54will

48:55send

48:55them

48:55to

48:56China

48:57you know

48:59because

48:59they

48:59called us

49:00monkeys

49:00and I

49:01really

49:01hate

49:02them

49:02for

49:02what

49:02they

49:04portrayed

49:04with

49:04us

49:05if

49:08I

49:08were

49:08the

49:08monkey

49:09king

49:10then

49:10I

49:10will

49:11or

49:11the

49:11monkey

49:11president

49:12I

49:13will

49:13consider

49:15recognizing

49:15Taiwan

49:16instead

49:16of the

49:17people's

49:17republic

49:17of

49:18China

49:18so

49:19that

49:19should

49:19send

49:19a

49:20strong

49:20message

49:20to

49:20them

49:20but

49:21going

49:22to

49:22your

49:22answer

49:23going

49:24to

49:24your

49:24question

49:24this

49:25is

49:25one

49:26thing

49:26I

49:26was

49:26waiting

49:26for

49:27Marcos

49:27to

49:27say

49:29I

49:30wanted

49:30to

49:30hear

49:31from

49:31him

49:31more

49:32than

49:32just

49:32words

49:33but

49:34concrete

49:34investment

49:35in the

49:36modernization

49:37of our

49:37armed

49:37forces

49:38you

49:39see

49:39our

49:41diplomacy

49:42our

49:43diplomatic

49:43power

49:44is

49:44meaningless

49:45without

49:45a

49:45military

49:46backing

49:46it

49:47without

49:48a

49:49strong

49:49military

49:50backing

49:50our

49:50efforts

49:51for

49:51diplomatic

49:52resolution

49:53walang

49:54hindi

49:55tayo

49:55igagalang

49:56ng

49:56China

49:56you

49:57see

49:57the

49:58example

49:58I

49:59can

49:59offer

49:59you

49:59is

50:00Indonesia

50:01Indonesia

50:04has

50:05more

50:06than

50:06almost

50:07400

50:07ships

50:08China

50:09has

50:09about

50:09400

50:10ships

50:10or

50:10almost

50:10equal

50:11sila

50:11they

50:12are

50:13also

50:13they

50:14have

50:14conflicting

50:15claims

50:15in

50:15Natuna

50:16Island

50:16Indonesia

50:19is

50:20claiming

50:20Natuna

50:21is

50:21actually

50:22occupying

50:22Natuna

50:23China

50:23is

50:23claiming

50:25Natuna

50:25but

50:26never

50:28never

50:29kang

50:30makadungog

50:30nagi

50:31water

50:33cannon

50:33ang

50:34Indonesian

50:34Navy

50:35because

50:37China

50:37recognizes

50:38that

50:39the

50:39Navy

50:39of

50:40Indonesia

50:40is

50:41also

50:41powerful

50:41they

50:42have

50:42submarines

50:43now

50:43they

50:43have

50:44an

50:44aircraft

50:44carrier

50:44that's

50:46why

50:46China

50:47respects

50:48Indonesia

50:48it

50:50does

50:50not

50:50respect

50:51the

50:51Philippines

50:51because

50:52they

50:52know

50:53that

50:53we

50:54cannot

50:55our

50:56ships

50:56are

50:56only

50:57about

50:57128

50:57and

50:58they

50:59have

50:59more

50:59than

50:59400

51:01you

51:01see

51:02I

51:03would

51:03I

51:04would

51:04have

51:04preferred

51:05Marcos

51:05to

51:06commit

51:06to

51:08strengthening

51:08and

51:09modernizing

51:09the

51:10armed

51:10forces

51:11of the

51:11Philippines

51:11to

51:11back up

51:12our

51:12diplomatic

51:12efforts

51:13because

51:14that

51:15would

51:15be

51:15meaningless

51:15without

51:16military

51:18strength

51:19so

51:20that's

51:21my

51:21take

51:21on

51:21that

51:22issue

51:22Darwin

51:23and

51:24thank

51:25you

51:25for

51:26sharing

51:26your

51:27thoughts

51:27about

51:27that

51:27and

51:29for

51:30the

51:30benefit

51:30of

51:30the

51:30viewers

51:31and

51:31my

51:31thoughts

51:31about

51:32that

51:32I

51:32also

51:33agree

51:33I

51:34think

51:34the

51:34reason

51:34why

51:35we're

51:35vulnerable

51:36when it

51:37comes

51:37to

51:39let's

51:39call

51:39it

51:40bullying

51:40it's

51:41also

51:41because

51:45there's

51:45really

51:45no

51:46teeth

51:46that

51:47we

51:47could

51:48present

51:48and

51:48I

51:49would

51:49agree

51:49the

51:50modernization

51:50of

51:51our

51:51naval

51:52force

51:53and

51:53also

51:54the

51:54military

51:54our

51:55strength

51:55would

51:56also

51:57have

51:57been

51:57a

51:57capital

51:57for

51:58us

51:58not

51:58to

51:59be

51:59bullied

51:59just

51:59like

51:59that

52:00we

52:01need

52:01to

52:01invest

52:02in

52:02our

52:02security

52:03because

52:04that

52:04will

52:04pave

52:05our

52:05future

52:05that

52:06will

52:06ensure

52:06our

52:07sovereignty

52:07again

52:08the

52:08question

52:09is

52:09since

52:10it's

52:10very

52:10expensive

52:11if

52:12we

52:12only

52:12plug

52:13the

52:14loopholes

52:14on

52:14corruption

52:15we

52:16could

52:16buy

52:16more

52:16correct

52:17so

52:18I

52:18think

52:18the

52:19overarching

52:20theme

52:21here

52:21is

52:22just

52:22by

52:23plugging

52:23corruption

52:24there

52:24are

52:25so

52:25many

52:25things

52:25that

52:26we

52:26can

52:26use

52:27and

52:27invest

52:28that

52:28money

52:28including

52:29national

52:29security

52:31without

52:32adding

52:32taxes

52:33to

52:33the

52:33people

52:35we

52:36could

52:36gain

52:37more

52:37we

52:37could

52:38do

52:38more

52:38we

52:38could

52:39modernize

52:39our

52:39military

52:40we

52:40could

52:40find

52:41oil

52:41and

52:41fund

52:42it

52:42on

52:42our

52:42own

52:42we

52:43could

52:43invest

52:44more

52:44on

52:44public

52:44infrastructure

52:45without

52:45resorting

52:46to

52:46loans

52:47and

52:48yet

52:48we

52:48could

52:49lower

52:49income

52:49taxes

52:51thank

52:52you

52:52very

52:53much

52:53attorney

52:53Glenn

52:53and

52:54yes

52:54this

52:55has

52:56been

52:56a

52:56very

52:56interesting

52:57conversation

52:58and

52:58I

52:58look

52:59forward

52:59to

52:59the

53:00next

53:00but

53:01for

53:01now

53:01we're

53:02very

53:02grateful

53:02for

53:03your

53:03time

53:03and

53:04for

53:04sharing

53:04your

53:04insights

53:05regarding

53:06the

53:06president's

53:07Sona

53:09I

53:10mean

53:10it's

53:11my

53:11it's

53:12I'm

53:13very

53:13grateful

53:13for

53:14having

53:14me

53:14in

53:14your

53:14program

53:15and

53:15I

53:16look

53:16forward

53:16to

53:16the

53:16next

53:17topic

53:17you

53:17want

53:18to

53:18discuss

53:18and

53:19we

53:19are

53:19just

53:20as

53:20grateful

53:20attorney

53:20Glenn

53:21so

53:21as

53:22citizens

53:23our

53:23responsibility

53:24is not

53:25simply

53:25to

53:26applaud

53:26or

53:27criticize

53:27it

53:29is

53:29to

53:29look

53:29deeper

53:30and

53:30think

53:31better

53:32headlines

53:33tell us

53:33what

53:34happened

53:34understanding

53:35tells us

53:36why

53:37it

53:37matters

53:38so

53:38I'm

53:39DJ

53:39Moises

53:39this

53:40is

53:40beyond

53:40the

53:41headlines

53:41we'll

53:41see

53:42you

53:42next

53:42time

53:42have

53:43a

53:43good

53:43afternoon

54:07it

54:07crafted

54:08one

54:09cup

54:09at

54:10a

54:10time

54:10your

54:11perfect

54:11latte

54:12is

54:12ready

54:12coffee

54:14first

54:14then

54:15everything

54:16else

54:21you

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