Episode 4317： Turfing Out The Spineless Representatives Who Betray Their Country
Episode Stats
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Summary
Stephen K. Vance: Why are the Democrats not fighting back more aggressively against the Trump administration? Stephen Kaveny explains why, and why they should be. He also talks about the recent events in Washington, D.C., including the Democratic response to President Trump's Helsinki press conference.
Transcript
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gave his joint address. We saw Democrats do all sorts of things. Some didn't show up,
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some wore protest t-shirts, some walked out, some hauled up little paddles saying,
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I don't like this. But they all had one thing in common. All of their actions
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were widely panned as a bad idea. They couldn't agree among themselves on what to do.
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You were there. I was there. I understood before going in, there was disagreement about how to
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protest, whether protest was tolerated. Those who wanted to protest were strongly discouraged from
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doing so. That's why you saw what I'm calling the popsicle stick protest where they waved
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their little signs. And then when you interview them and ask, I do my work on social media. I hear
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from people all the time. They're saying, why aren't the Democrats doing more, fighting back
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more aggressively? We want to see action. And when I put this to them, Democrat after Democrat said to
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me, we are. We're winning in the courts. You're not the courts. You're here. Now, they don't have
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the majority to legislate, but they can make trouble. They can make good trouble. They can
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make noise. They can, you know, propose legislation. That was one thing. And then the other message I
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kept getting is for members, they'd say, we need the public to get so outraged that they're
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calling us nonstop, making it impossible to go through the day. And Republicans and Democrats
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like will pressure the White House for change. And you're like, you need the people to get you to do
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your job. It's just a very strange message from leaders. That's not leadership. Now, I appreciate
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it's a tough spot for them. But if you just remember back to the pandemic for a moment,
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plenty of criticism of Andrew Cuomo for a million reasons. He did a presser every day at 10 a.m.
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And it was must-see viewing because he gave the information people wanted. Democrats could start
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that tomorrow on YouTube. There are a million options they could do that they're not doing.
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They're leaving it on the table and their voters feel abandoned. Destroy the country from within.
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You would do everything Donald Trump's done in his first 50 days. You would wreck the economy. You
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would suspend the services from the federal government and you would demolish our security
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alliances with the West. I found what happened in the White House last week, maybe the most
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unsettling thing of all the years of Trump's presidency. Greater than Helsinki, maybe greater than January 6th
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for this reason. If you play out the sequence of this on a chessboard, what Donald Trump may knowingly have
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done, which is exactly what Putin would have wanted, is when you abandon Ukraine, Europe now has to rush to
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Ukraine. Europe doesn't have a choice and they have to strengthen their bond with Ukraine. And if Donald Trump
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decides out of his own vanities, wait a minute, Europe, you're not following my direction. You could fast forward a
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couple of years. The United States is in a power axis, an alliance with Russia and China against the
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interest of Europe. And Europe sees the U.S., Russia and China as an adversarial alliance against their
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interests. It is the complete undoing of NATO, but it is a repositioning of the U.S. position in the world.
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That is that is realistic. This is more than just the United States and Donald Trump abandoning the
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defense of Ukraine in the face of Russian aggression. This is pushing Europe into a stronger
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role that Donald Trump has told them he doesn't want them to be in. He doesn't want a stronger NATO.
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And now Europe's going to say we are going to strengthen NATO. Macron actually addressed the
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French people just in the last 24 hours, essentially alluding to this. If Donald Trump says,
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screw you, Europe, I'm getting greater reception and sympathies from Russia and Putin.
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We could end this Trump administration with a new axis and a new alliance of Russia, China and the
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This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on
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these people. I got a free shot. All these networks lying about the people, the people have had a belly
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full of it. I know you don't like hearing that. I know you try to do everything in the world to stop
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that, but you're not going to stop it. It's going to happen. And where do people like that go to share
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the big line? MAGA media. I wish in my soul, I wish that any of these people had a conscience.
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Ask yourself, what is my task and what is my purpose? If that answer is to save my country,
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It's Thursday, 6th March in the year of our Lord, 2025.
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Bop, bop, bop, bop, bop, bop, bop, bop. Where do we start?
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Well, let's take David Jolly. This was MSNBC. I don't understand a business model
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where you've lost, I don't know, 50% of your audience, the greater part of your 18 to 35,
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you know, the younger people, the one that everybody wants. You've, um, you're, you're
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blowing out anchors left and right, yet you still have the same contributors that led to
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this massive defeat and didn't know anything. And like Claire McCaskill, David Jolly, these
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kind of hack, uh, particularly in Jolly's case, one, you know, backbench congressman that
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don't know anything. And the poison you're putting in people, also the leading information.
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No, uh, David Jolly and, um, that was Stephanie Rule, who's normally pretty smart. It's not a
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Russia, United States, Chinese access. You're, you're missing the point here. You're missing
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the play. This entire geopolitical reset. It's not a reset. This entire geopolitical, um, it's not a
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pivot. It's this entire geopolitical, geostrategic, geoeconomic reformulation, the greatest since the
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Second World War. And the Second World War got us halfway through the bloodiest century in mankind's
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history. Always remember that. From August 1914 to the Berlin Wall came down in November of 1989,
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the short 20th century. The bloodiest century, the most barbaric century in the history of mankind
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because of advanced technology, technology getting ahead of human nature. What President Trump is
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doing, and at the same time, restructuring the government of the United States with taking down
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the administrative state and the deep state, um, and at the same time, re-purposing or a massive
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redirection of the business model of the United States of America is nothing short of monumental,
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historic. We haven't seen this, and quite frankly, if he took all the Great Depression,
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right, and leading up to the, to the, um, the second drop of the Depression, 1938, the first,
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obviously, 1929 to 1932, and 32 in this first couple of years of, um, FDR were terrible.
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Then it came up a little bit because they tried everything and then dipped again at 38, came
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back with the beginning of the war and the ramp up of industrialization. What Trump is doing
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is beyond historic. It is never because he's, he's, he's concentrating everything we learned
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from the Depression and the, uh, post-war international rules based order, and he's turning it on its
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head simultaneously. Who gets this? And David Jolly should read this today. Alex Leary over at the,
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uh, Wall Street Journal has a monumental piece that really gets to kind of the strategy that
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President Trump's doing. I need Grace and Mo to let's get that out there and let's figure out how
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to get it out so people don't need to go behind the paywall because it's a must read. And it lays
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out the case for what President Trump is doing, which is in what the Chinese are studying. She
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and his senior people are now going back and saying, Hey, we got, we have to understand how
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the West isolated, uh, isolate the Soviet union, the Bolsheviks and using China to do that at,
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and then with Reagan took down the evil empire. That's how concerned they are. They see the play
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of President Trump, the rapprochement with Russia. It doesn't, it not abandoning Europe. You're actually
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doing something that should have been done at the end of world war two or at the end of the cold war
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that hasn't been done yet. And that's a rapprochement with really the allies that won the war,
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the great war against fascism, the 60 some million people killed in Russia with the United Kingdom
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and the United States to actually bring a lasting peace, a lasting peace because this war was driven
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by the globalist. Yeah. Putin's a bad guy. He's a terrible, terrible guy. He's KGB. Joe Stalin was
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a terrible guy too. Worse a thousand times worse. Not only did we dealt or deal with him, we, we,
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if without the Russian army, without the red army, I don't know if world war two would ever come to
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conclusion. They came to the casualties for the Americans and casualties for the British would
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have been too high. This is why D-Day didn't happen until 1944. And that was basically forcing the
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British to do it. President Trump is thinking at a very deep level and he's looking at the world,
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at the chessboard he was given. And this ties together Panama and Greenland, the naval strategy,
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the Pacific, the three island chains to really have hemispheric defense, secure the United States
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for the first time. This is the whole reason, one of the big reasons of Canada is a 51st state,
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not just the, in the economic integration, but the Arctic, you would have Alaska, Canada,
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and Greenland. You'd be able to keep the Chinese Communist Party from taking the strategic high
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ground of the Arctic of which they're very focused on doing. At the same time in this rapprochement
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with the Russians, it was, you know, we talked about the article yesterday where it's been leaked
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that Steve Witkoff and the team in Riyadh, the Russians have already said, Hey, we will do whatever
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we need to do to make sure that we get you two into a room with the Persians and talk about how
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we get some sort of control over this nuclear program of the Persians. So it's not weaponized
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and there's no threat to Israel or to the UAE or Saudi Arabia with a tactical nuclear weapon
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in the region. That's what a peacemaker does. This is what Trump does. You saw Trump in total
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command at the state of the union behind the scenes. What's he's, what he's doing is, is monumental
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beyond historic. And the Chinese Communist Party see it. They see that they're being
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isolated. They see they're being isolated in the Eurasian realm. I said, David Jolly, don't throw
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out the crap and the nonsense. Oh, it's an alliance between the Chinese Communist Party and Russia
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and the United States and going to leave poor little Europe. The European elites are deadbeats.
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What did I tell this guy, the news host? And she's looking there shocked, never heard it before.
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I said, yo, girl, all this talk of Macron and Starmer and they're going to do this and they're
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going to do that. And this is what I've been telling. Call their bluff. Call their bluff.
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It's not time to rearm. It's time to make peace. Do we trust Putin? No, we don't trust him.
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We don't trust Joseph Stalin. What did President Reagan say? Verify. You have to have an ironclad
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deal. You have to have integrated economics. They had all this big talk. They came out, you know,
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Vandley and Macron. Macron addressed the nation, I think it was last night. He addressed the nation
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and said, hey, we're going to get up our own army. The American, we can't depend on the United States.
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America, the bond market turfed him out today. The Germans are for all of them. I told you the
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bond market gets a vote. It turfed out Liz trust. What did I tell the, the, the, the, um, anchor
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of Sky News? I said, what are you talking about? You guys can't afford this. The American, the working
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class America sons and daughters been doing, but we've been underwriting the whole thing.
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And in fact, the United States were so integrated into European security. Just, if you pulled,
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it's not just pulling out of an alliance, you're taking the basic infrastructure in spine
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of European defense that we've had since we hit the beaches of Normandy.
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It's ridiculous. And when they talk big in Germany, remember when they came to the, to the oval
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and talked to me with Merkel, I was assigned to talk to their, to their, um, national security
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virus, but they're 2%, which they've been deadbeats on. They go, you don't understand.
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We have a balanced budget amendment. I said, yo, we helped draft your constitution after
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we bombed you back into the stone age because you were Nazis. So don't sit here and tell
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me about your balanced budget amendment in the constitution. Hell, we got tens of trillions
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of dollars in debt. One of the reasons we have a trained out defense budget. One of the reasons
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because we're underwriting deadbeats like you step up to the plate.
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They talk big talk. They're going to do this 800 billion. They're going to do that.
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The bond market puked all over it. And bond market basically told them, Hey,
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we'll turf you guys out just like Liz Truss. Cause you don't have the money.
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England. And this has other getting on JD. JD didn't say anything. JD was very respectful.
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Vice president Vance was respectful. All that nonsense about the troops nonsense, but they
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had to face reality, particularly the United kingdom. Who's been our ally since the beginning
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of the 20th, the 20th century outside the city of London. It's a developing nation. You don't
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have the money. You're broke. You're not going to talk big talking or send troops. Are you going
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to do all this? You guys are all broke. So what do you want to do? Throw yourself into the depression
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for building this? The Russians have lost 800,000 men dead or wounded, according to Ian Bremmer,
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800,000. They're not to Harkiv yet, much less Kiev. They ain't going across Poland. They ain't going
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across Germany. They're not going to go into France with tank columns. It's not going to happen. It's a
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dangerous fantasy of the globalists in Brussels, Davos, the EU and NATO dangerous and the bond
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market. Told them that yesterday. More on President Trump in a moment.
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Have you seen the news from economists forecasting a depression? I'm not talking recession. I mean
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depression by the year 2030. We're in a perfect storm as Social Security and Medicare hit a breaking
00:15:12.820
point with the largest generation hitting retirement. A smaller workforce means a smaller tax base.
00:15:19.880
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by Don Jr. Birch Gold. Do it today. 50 billion dollars spent by the U.S. and Ukraine. The real
00:16:43.840
number 120 billion and as you say paused and just to make a mention the reason this line isn't as
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continuous as this line is because of huge fights in the U.S. over aid to Ukraine. A lot of opposition.
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Eventually we did do it. Europe, 138 billion dollars. More than us, not 100 billion as he claimed. And by
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the way, Europe at the moment is putting together a massive amount of additional aid. And as you just
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alluded to, we are cutting back on what we are doing for the Ukrainians.
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Ratner, you're supposed to be, Ratner was supposed to be Secretary of Treasury under Biden. They passed.
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He's the numbers guy. Never actually on top of the numbers for Morning Joe.
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This is kind of goofball city. We're going to get more into Ratner in a moment because I got to get
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back to Capitol Hill and the CR because this is all inextricably linked. But I want to do the
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geopolitical part first because this is how you're going to get a trillion dollar defense budget
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Want to bring in. So when he said they're stepping up, no, they're not going to step up.
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It's not real. It's a fantasy. It's a dangerous fantasy.
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The global bond market told him last or today, last night and today they threw up all over it.
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These guys don't, they're all about to have sovereign debt crisis. They can't leverage up
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additionally and more and do more deficit finance, borrow more money for arms.
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If President Trump, first off, he deserved the Nobel Peace Prize for the Abraham Accords,
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which still hang even given what happened on October 7th. We're actually going to have a,
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one of the senior members of a brigadier general from the IDF retired, talk to us about the new idea.
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President Trump threw down again last night, gave the Muslim Brotherhood Hamas another deadline.
00:18:40.140
So we're getting back to that and also the, what's happening in Syria and what's happening in
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Lebanon later. They threw up all over this thing because it's, it's irrational. What President Trump
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is doing is totally rational. Wall Street Journal. They go step by step by step, but what he's doing on
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tariffs, what he's doing economically, what he's doing, uh, geo-economically, geo-strategically to
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isolate, to isolate the Chinese Communist Party. First to break them as a hegemon in East Asia and
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then to roll up the whole thing and do it in decoupling. So you see a lot of things around people.
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Look, that's the, you can see the master plan. The Wall Street Journal, Alex Leary is one of the
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best writers over there. Got it. It's a definitive piece. Everybody ought to read it because you got
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Ratner and Morning Joe and all they're doing is Trump hate and they're doing it understanding that
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is not what President Trump's doing. And once again, they're trying to build a firestorm so we
00:19:38.240
can't get a raw push mine with Russia. It's not going to work this time. Not going to work this time.
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You and Brennan, these, Brennan, these guys got to be, ought to be in jail now, ought to be in prison now.
00:19:52.460
Colonel Mills, you brought up an interesting point. Tell me about that.
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Tell me about the tweet you've got about how they're financing this, right? They're actually
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financing this by, if we said one thing to freeze assets, we froze the, the, the Persians assets is
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one thing to freeze assets. It's another to actually take their assets, steal the people's assets and
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monetize it for weapons against them. We did not do this to the Nazis in World War II. The United States
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did not do it to Imperial Japan in World War II, right? We didn't do it to the Soviets in the Cold War
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when we were 90 seconds away from launching nuclear missiles, right? It was not done. Tell me, tell me
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what, what your and others are doing to Russia and the Russian people to pay for this now fiasco, sir.
00:20:37.660
Yeah, thank you, Steve. I mean, freezing assets is freezing assets. It's done in international
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relationships. Spending those freezing, those frozen assets, that is all, that is essentially
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an act of war. That is outrageous. So when Zelensky got, was thrown out of the White House and went to
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Europe, he talked to the Brits and the French and the Brits and the French say, hey, we're going to
00:21:04.780
massively increase defense spending. I go, really? How is that possible? They both hover
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around 2% of GDP, atrociously underfunded militaries, incredible bureaucracies that make
00:21:18.060
the Pentagon look efficient. And it's nothing like what they used to be during the height of
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the Cold War. And I go, how are they going to fund this? And then I read the fine print and it says
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they're going to spend the frozen Russian assets. That is like a threat of nuclear war. I mean,
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this is, this, I don't want to hire any globalist preach about international norms of behavior.
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Spending frozen assets is absolutely outrageous and essentially an act of war. So they're going to
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fund their buildup by spending the Russian people's money? Absolutely not. That is,
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that is absolutely unacceptable. So, so rate, we still have a hundred billion of frozen Iranian
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assets. Uh, you know, it's, it's a cottage industry in New York city banks that specialize
00:22:06.440
in the escrow of frozen assets, but we don't dig in and spend those frozen assets. Totally outrageous.
00:22:14.400
No, it's like, it's economic war of the, of the highest degree. Um, talk to me also,
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you've done some analysis because this is the other thing on the other day with the, the, um,
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with the young woman at sky news. I said, there's, there's no chance of the United States is out.
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And right now we've said no more arms. President Trump is out. He wants to bring the shooting to
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an end. He realized the Linsky and these guys, they have to keep shooting. They started yesterday.
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They're warmongers and not just that they're set up. Their economics is they have to be at war.
00:22:43.960
This is what he's trying to break. Tell me, you've got a chart. You've got a chart or two that shows
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us the, the, the, the, the deltas in this, don't you? Yeah. You know, let's show the stadium chart,
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please, Denver. This is the difference in military spend between us, the Brits. And, uh, look,
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look at this here. So what is this chart on the left? Those are Wembley stadium equivalents,
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roughly 90,000 to a hundred thousand, uh, on the right. Uh, that's Ann Arbor stadium. That's a
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hundred thousand. So the size of our military active guard and reserve and civilians, that's
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about 2.8. That's 28 Ann Arbor stadiums. Look to the left, the Brits, the entire British military,
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plus their incredible bureaucratic white hall can fit into Wembley with a little overflow into the
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next door Costco parking lot. There's a Costco right next to Wembley. Okay. That's the size of
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the Brits one, their entire military smallest fleet since the 1500s. The French are roughly three times
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the size, but still egregiously below. So that's us on the right. That's the Brits and the French on
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the left. It's not even close. And this is a factor of their bloated social spending. They have
00:24:04.980
nothing. They have nothing. And look at us and we're only going to get bigger and stronger in a
00:24:11.800
far more efficient way, uh, under Secretary Huxus and, uh, President Trump. So this is, this is
00:24:16.420
ridiculous. Well, and I'm not a fan. I'm not a fan of $900 billion. I'm not a fan of the another
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one 25. I'm not a fan of a trillion dollars. I think that budget has to be repurposed to the
00:24:27.000
hemispheric defense. I laid at the beginning. I think it's time to, if you're going to rethink,
00:24:30.800
you've got to rethink it. So, but that's a different day. Roughly the British, I think
00:24:34.840
the British spend 30 to 35 billion pounds every year in defense. I think that's
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what is 45, let's say it's 40, $40 billion. We spend a trillion. We spend a trillion.
00:24:47.340
You can't compare. And I think we can, we underwrite Europe's defense.
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We can get a far bigger defense with less budget as we're showing. I mean, between
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Doge and Secretary Huxus, that we always knew from the Reagan days, Rush Limbaugh, they said
00:25:03.160
we can only slow the rate of growth. No, we're finding immense fraud. We're finding immense
00:25:09.980
fraud. And this is ridiculous. This is far larger. Hold it, hold it, hold it. Where, where, where,
00:25:15.320
where are we finding immense fraud? Can you please cite a number? Oh, well, just the USA,
00:25:21.200
USA is the beachhead. USA is the beachhead. Hang on. USA, hang on. USAID has nothing to do with
00:25:27.780
those. Yes, they went in. And by the way, as the special forces helped finally get people's
00:25:31.100
attention, but that been identified by Michael Benz and Republican congressman for decades and
00:25:35.800
decades and decades at the Pentagon, they have found $80 million so far. Let me repeat that. That
00:25:41.940
that's a story they gave to Bloomberg. Pete Hex has those guys gave to Bloomberg. They've been
00:25:45.900
there three weeks, $80 million. Anyway, I'm going to get into Doge right now. John Mills,
00:25:49.080
where do people go for your social media so they can get all your charts? Amazing job.
00:25:54.560
Yeah, you bet, Steve. Thank you. Colonel Rhett John 2, Colonel R-E-T John 2 on X and also
00:26:03.160
Substack, Colonel Rhett John on Substack, Colonel Rhett John Substack, Colonel Rhett John 2 on X,
00:26:10.020
and then Colonel Rhett John 2 on Getter and Truth. Thank you. We've talked about before,
00:26:17.100
but what he's unearthed about this essentially stealing of the assets to pay for the arms
00:26:22.220
of the of the Europeans. Thank you, sir. Appreciate you. You bet, Steve. Thank you.
00:26:29.480
So we have a CR coming up, folks. And so we're going to talk this through in the next couple of
00:26:33.920
because this underpins everything President Trump's trying to accomplish. Remember, he's doing
00:26:39.680
remember our three verticals. Stop the kinetic early part of the kinetic war, kinetic part of
00:26:45.740
the Third World War. Deport 10 million illegal aliens and secure our border. I think on the border
00:26:52.180
side, I think you would say got to build a wall. And I think JD said yesterday at the wall, it would
00:26:57.040
take till 2029. I think he said the wall would be completed on the current plans. They're prepping
00:27:06.260
for a cartel war, kinetic cartel war. President Trump is going to go take down the cartels. I don't think
00:27:13.920
there's any doubt of that. You see all the all the indications, 10th Mountains down there. They have
00:27:19.540
12,000 combat troops or combat logistics troops. They got striker brigades. They got CIA assets. He's cut
00:27:26.060
off the sharing of intelligence with Ukraine at the same time as Jack Posobiec and others saying and
00:27:31.660
Todd Bensman. They know they're pulling intelligence assets back to get the cartel wars. And then the
00:27:37.380
third is obviously the logistics, the money. I think it's $170 billion that reconciliation needs.
00:27:42.840
So you got those two. The third and the existential is how do you sort out this mess of an economy he
00:27:51.380
was handed? At the same time, do the thing that must be done, which is to cut this out of control
00:28:00.120
federal spending. And we know that's not going to be easy. It's going to be quite controversial. So
00:28:04.940
there's a bunch of plans run around. The clock is ticking because wait for it at midnight on the 14th
00:28:10.920
of March. The music stops. You have to have a plan, either short term CR, long term share,
00:28:19.820
or maybe just a budget with appropriations bills. Birchgold.com. A little turbulent this
00:28:26.860
morning in the world's capital markets. We'll talk more about that in a moment and why gold is a hedge
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00:30:08.640
Talking about no tax on Social Security, no tax on overtime, no tax on tips, no tax on interest loans
00:30:15.840
on cars made here. These are billions and billions of dollars of tax cuts. Simply extending his existing
00:30:22.860
tax cuts, the ones that he passed in 2017 down here, would cost over $4 trillion.
00:30:30.840
The House Budget Committee has only allocated $4.5 trillion for all the tax cuts. So you could do
00:30:37.440
this, which he's completely committed to, but how the rest of this happens, including a full
00:30:42.120
deduction of the state and local taxes, is impossible. This is almost $8 trillion worth of tax cuts.
00:30:48.580
So this is an empty promise. Can't happen. Won't happen.
00:30:53.280
And one of the things that drew, well, let's say shock, surprise, some mockery from the address
00:30:59.280
the other night was President Trump, given what you've laid out there, promising to balance the
00:31:04.000
budget. Here's that moment from the address. And in the near future, I want to do what has not been
00:31:11.020
done in 24 years. Balance the federal budget. We're going to balance that.
00:31:19.360
Well, first of all, in his first term, he planned not only to balance the budget, but to pay off all
00:31:23.640
the national debt. That didn't work so well. He added a ton of national debt. But let's look at how
00:31:28.740
it isn't going to work this time. So we are looking in what we call a base case without anything else
00:31:33.720
happening. We are looking at deficits a bit below $2 trillion, going all the way up to $3 trillion over the
00:31:39.580
next 10 years, a total already these dark green bars of $20 trillion of additional debt. The budget
00:31:46.740
plan that I just described would add another two and a half roughly trillion dollars of debt. So
00:31:52.440
instead of balancing the budget and paying down the debt, he's creating more deficits, all these
00:31:58.400
deficits and adding 22 and a half trillion dollars to the debt. Okay. Okay. The theory of the case is
00:32:06.660
the following, and I need the war repository. We're going to think this through. No manning the
00:32:10.820
phones, no jumping on the ramparts. Go get a big old pot of Warpath coffee. Get a number two
00:32:18.120
pencil out. We're going to have to work through this. Okay. That's warpath.coffee slash war.
00:32:24.760
We get 20% discount. Do it today. You get jacked up like we do. Also, birchgold.com.
00:32:32.800
Take your phone at Bannon. Get the free brochure. Just read it. Even if you have no interest,
00:32:40.820
you should understand in these turbulent financial times, there are ways that you can hedge
00:32:45.240
the turbulence. There's stores of value. One's been around for a thousand years. That's gold.
00:32:50.100
Even if you don't do it, it's good to understand as we lay out this entire economic plan, because
00:32:55.640
a big part of it is about value, right? And what we're trying to accomplish here. Birchgold.com.
00:33:03.920
Ended the dollar empire also. Get that. It's now taught, I guess, at the University of Arkansas
00:33:08.420
to the finance undergraduates. Very proud of that. Access. You want to make it accessible
00:33:15.600
so you understand it. Here's what we're going to understand here. President Trump has three
00:33:20.500
parts to his, how do you get to a balanced budget? Number one is DOGE, or what I call
00:33:30.740
deconstruct the administrative state, programmatic changes. You've heard me say over and over
00:33:35.480
again, it's got to be programmatic in billets. Not just people, individual people, and waste,
00:33:41.420
fraud, and abuse, but eventually you have to get programmatic. But let's take DOGE.
00:33:44.480
DOGE. DOGE is very important. I'm the biggest supporter of DOGE. But we have to have a partner's
00:33:52.480
discussion. We are quite late in the game to actually not have a good feel for what the
00:33:57.960
numbers are, because the numbers that were promised are like a trillion dollars. I think
00:34:01.960
President Trump, in his head, is hearing this, and it's repeated and repeated. It was repeated
00:34:07.280
last night as Elon went to the House. I think it was repeated in the House conference, a trillion
00:34:13.360
dollars. And that's in over 10 years. We're talking just annual budgets, which right now
00:34:18.440
sits at about six and a half trillion dollars. Those cuts, we have to find out what those
00:34:24.380
cuts are, even just a range. Okay? The second part is external revenue or tariffs, where it's
00:34:30.600
just not tariffs on individual goods, but he's saying, hey, this is a premium market to get
00:34:35.140
into. So you're either going to invest Taiwan semiconductor and Apple and make hundreds of billions of
00:34:42.740
dollars invested and bring your state-of-the-art manufacturing here for high-value-edded jobs
00:34:47.400
and massive capital equipment investment, or you're going to pay tariffs. So that external
00:34:52.820
revenue, right, like we used to finance the country under Hamilton's The American Plan up
00:34:58.500
until essentially the earthquake of 1906 and the Great Fire, 1907, the financial collapse
00:35:06.140
that restructured. Out of that came the Federal Reserve. Out of that came the tax income
00:35:12.600
tax, all of it, corporate tax. President Trump wants to go to that. Number three is on the
00:35:17.200
supply side, where he does cuts, you actually have growth. And now there's a lot of conflicting
00:35:24.220
information coming out on GDP. Atlanta Fed is talking about, hey, it may actually be negative
00:35:29.120
right now. President Trump, the bid and the ask is the Congressional Budget Office saying
00:35:34.500
our growth rate is going to be 1.8%. When they do their financial plan that says 52 trillion
00:35:38.760
in debt in 10 years, that's on a 1.8% to under 2% growth rate. Up to, you know, people are
00:35:46.860
talking three and a half. Elon's talking five in the Oval Office. He said five. I don't know
00:35:50.740
how he gets there. I would love to have 5% growth. Mathematically, it would solve a lot
00:35:55.260
of problems. But is it realistic? I don't know. The Silicon Valley guys are talking about
00:36:00.200
a new golden age of technology and productivity, as Dave Bratt shows you here all the time.
00:36:04.580
That's never really translated to real productivity increases or anything that translates to GDP.
00:36:11.580
But those are the three elements. In other words, spending cuts, significant spending cuts,
00:36:17.060
external revenue sources, and tax cuts that lead to growth so that you have a bigger denominator
00:36:24.980
on the tax structure you have. He is correct on the 4.5 trillion, as that's what's been set aside,
00:36:31.600
including the tax cuts for corporations and tax cuts for the wealthy, which is about a trillion,
00:36:39.820
about 3 trillion go to working class and middle class people and entrepreneurs, roughly.
00:36:45.120
And I think the other 500 billion was put in because of like permanent extension.
00:36:49.600
But President Trump has reiterated no tax on tips, no tax on overtime,
00:36:53.600
no tax on the interest of auto loans of American made cars. But most importantly,
00:36:58.320
the big kahuna is no tax on Social Security. That's a real number. Okay.
00:37:03.880
Elon, and so here we're all this and people are modeling and putting together and all this,
00:37:08.420
you got reconciliation over here, but you got to get back to the real thing. The real thing is the CR.
00:37:12.460
How do we finance the government for this year? And how do you see if people are serious?
00:37:17.580
Because right now, you know, it can't be kicked down the road anymore.
00:37:21.120
My problem with Speaker Johnson is not just that he over promises and never delivers. It's that it's even
00:37:29.000
worse than that. He treats you like an idiot when he throws things out that he knows or his nose is
00:37:35.180
not true. And that kind of becomes the narrative and people kind of go down the path. So right now,
00:37:40.240
after all the misrepresentation and all the lies from December, and we had to get here,
00:37:45.860
we're going to have appropriations, we're going to do our work. Just okay. That was all a lie.
00:37:50.180
That was all a lie. What they want now is a CR that takes us to the end of the fiscal year,
00:37:56.840
basically one half of the year. That would, and you just got to face reality. They never want to
00:38:03.620
talk about it, but we're in the war room. So we are going to talk about it because the war room posse
00:38:07.640
has to have the receipts. That's Biden's budget. So President Trump in his first year,
00:38:13.760
no matter how we want to stay at least on this CR, they want past and no Democrat, all Democrats
00:38:19.680
said, they're not going to do it because in times past, you had to keep the government open. You had
00:38:24.420
to keep the government open. You had to keep the government open, but the people in the house now
00:38:27.440
say, no, should be shut down because Trump isn't there. Okay. So we've got Biden's budget. So it's
00:38:35.640
Biden's numbers. It's a $2 trillion money guarantee, money, good deficit, $2 trillion.
00:38:42.640
The least $2 trillion, the gap between revenues coming in and spending, $2 trillion. As bad as that
00:38:52.940
is, and those are horrible, maybe you can live with that. But the worst is that since it's an
00:38:58.900
up or down vote, you're not only going to, you're not only not going to do any of the
00:39:04.720
doge things that have been identified, but you're actually going to finance the waste,
00:39:09.820
fraud and abuse, at least his September 30th. I know it's insanity. So here's their theory of the
00:39:14.800
case. Their theory of the case is called impoundment, right? The other is rescission.
00:39:20.800
Take your number two pencil out, write those terms I've given to you before, but this is going to become
00:39:24.480
quite important. And they're very different things. Elon goes to the Senate yesterday.
00:39:32.960
And if you look at the, and you go on my gutter, you see the out, particularly Lindsey Graham and
00:39:37.900
these guys in the Senate, in the Senate, whether you like them or not, they think they're the House
00:39:42.700
of Lords in the, in the House of Representatives, the House of Commons. So they goes to Lords yesterday
00:39:48.000
in the, in the Lords sit there and go, Hey, uh, we think you're all happy talk, right? We'd love
00:39:55.880
to see what you got, but you haven't shown us anything. You won't answer any questions. So how about
00:39:59.120
this? You're not going to actually do anything because the constitution says it has to be us.
00:40:04.320
And you're, we're going to put in rescission. Rescission means it has to go back to Congress
00:40:09.420
for a vote that they can have rescission on budgets, but it's put up in a package after a
00:40:15.620
budget's done sometime towards the end of the fiscal year, you vote on rescission and that's
00:40:21.080
taken off the budget. So let's say you pass six and a half trillion at the end. You spent,
00:40:24.700
let's say the green new deal. I'm throwing out an example was 300 billion. They decided not
00:40:29.100
to do it. 6.2 trillion, that 300 billion by the end of the year, they take a vote. It only has to
00:40:34.180
be majority. It's not, you don't have to break filibuster. So 51 Senate votes get you and you
00:40:38.980
control the house. So you should be able to get it. They told Elon flat out, yo, we're the Senate.
00:40:46.400
You're not going to do anything. You can go find it and tell us what it is and we'll package it.
00:40:50.060
Rand Paul said, Hey, we'll do a half a billion dollars of rescissions, a half a billion dollars
00:40:54.960
rescissions. And this year, I would leave a search. If you find a half a billion dollars,
00:40:59.360
I'm all in good. Good on you. Good on you, man. Good on you. And he says, well, actually do it in
00:41:06.700
a hundred billion dollar layer. So it'll be five, $100 billion rescissions. You got to find it
00:41:11.320
on the website right now of Doge. If you go there right now, they say basically a hundred billion
00:41:16.200
dollars, but they include USAID and they include some other things that would say, Hey, that's more
00:41:20.620
programmatic, not waste for an abuse, but, uh, as bad as USAID is and all the people attacked
00:41:26.460
it for years, it's terrible. It's awful, but we knew it was getting funded. So it's not
00:41:30.200
like finding a waste for an abuse. It's, uh, it's programmatic is what we call it.
00:41:36.900
Elon agreed with them in the room. And I think after being instructed by certain people, don't
00:41:44.240
go in the room and do not agree with rescissions. We're not taking this stuff back because, uh,
00:41:48.800
president Trump vote, pay a letter in the administration's point of view is that, Hey,
00:41:53.660
we don't need to go back to a vote for anything. Once we get this, we can come back and just
00:41:57.720
do impoundment. Now impoundments got a little hair on it. It's a little hair because the Supreme
00:42:04.520
court didn't exactly ACB and Roberts, which I've worn from the beginning. I don't know if
00:42:10.340
they're going to get there. Didn't approve the other day. Now I'm hearing from the sources
00:42:15.060
saying, no, no, no, no, no, no, no, no, no. That was all because of this judge.
00:42:18.580
And back in this judge and Steve, that's not it. We're going to fight that today and 11 o'clock.
00:42:23.480
Both sides have to present on this $2 billion for foreign aid that the courts are trying to,
00:42:29.280
the courts are trying to force a federal court trying to force president Trump to fund it.
00:42:34.700
So the two things of, of impoundment or rescissions, but the bottom line is right now,
00:42:41.300
you don't know what that number is. And it seems to me imperative. If people are to back something
00:42:49.880
they hate and what do they hate? They hate clean CRs that just, you know, it's essentially an omnibus
00:42:59.020
to the end of the year on Biden's numbers or two trillion baked in that you're, you have to accept
00:43:04.040
that at least you have to have, it doesn't have to be the fifth decimal point. You have to know
00:43:09.920
directionally where the waste fraud and abuse of Doge is just some broad number from 50 billion to
00:43:15.660
a hundred billion, just lay it out. And that is, they're committed to doing impoundment or
00:43:22.280
programmatically, whether it's USAID. I think this, this one thing Doge did find, I think you got to
00:43:28.940
give him credit for was whatever the Citicorp, uh, there's a great article day, I think in the
00:43:34.420
Washington Examiner, the Washington Examiner, great article, Washington Times, great article.
00:43:39.320
We're trying to get the writer on about the $20 billion slush funds sent there. My point is you
00:43:44.340
have both programs, you have waste, fraud, and abuse. Let's just get a range. So people have said
00:43:49.140
they go, look, I hate this, but if we're going to get Elon's a hundred billion dollars or $200
00:43:54.800
billion, or $50 billion, at least we can agree to that. Short break, get the chalkboard out next.
00:44:06.400
What if he had the brightest mind in the war room delivering critical financial research every
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00:45:27.880
Okay, since you're a main participant in this, we're going to, this is going to take, I'm going
00:45:31.340
to get, we've got a lot more to get through the next hour, but not this. I'm going to, I'm
00:45:35.960
going to get back to this tonight because it's, even as we're talking, this is being formulated
00:45:42.300
and you're going to be a key part of this. Because no Democrat votes, that means they
00:45:46.700
have to have all Republican votes. And that means all the House Freedom Caucus and people
00:45:51.600
that are not part of the House Freedom Caucus are worried about spending. And you're already
00:45:56.680
hearing, we'll take care of it in 26. No, no, no, no, no. We have to be realistic. And
00:46:01.300
I realize it may be unpopular, right? It may be unpopular, but we have to get to the bottom
00:46:06.580
of just where this is, where it's going. I want Doge to be able to unearth a trillion
00:46:14.360
dollars. That would be the greatest godsend we could ever have. I don't think it's going
00:46:19.060
to happen, but I want to know if that number is 500 billion. It's fantastic. If it's 100
00:46:22.620
billion, we'll take 100 billion. We'll take whatever we can get right now. But it has to
00:46:28.260
be real. We're dealing with the real world, folks. And the debt keeps, I mean, it's like the
00:46:34.020
Tax Network USA thing. We're in the same situation. Tax Network USA. What I say is that,
00:46:39.560
you know, go to Tax Network USA. When you get the letter from the IRS, you can't, you put it in
00:46:44.400
the drawer. It doesn't mean it goes away. It just means it metastasizes the fees, the penalties,
00:46:49.160
and the interest accumulates. And they put the interest to the face amount of what you owe.
00:46:53.640
And the IRS is going to get some money. You're not going to be able to stiff them. That's why you
00:46:59.080
need somebody that can help get in there and be an advisor to you. So go to Tax Network USA.
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Right now. Put the slash Bannon. You get free consultation. Also, you get other great things.
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You put the promo code Bannon. Let them know you come from us, the Warren Posse. But the country's
00:47:15.000
kind of in the same situation. We can't look the other way. We've looked the other way. And this
00:47:18.880
audience has been so fantastic about doing it. We're in a little different situation now. President
00:47:23.620
Trump's got a bigger agenda. But still, you have to have some rationality. The inflation is not going to
00:47:29.380
go. The price of eggs ain't going to come down until you start cutting federal spending.
00:47:34.780
It is Keynesian theory 101. You're still having a massive stimulus put into this economy every
00:47:43.440
month. And somebody's going to have to sit there and go, hey, this is just the way it's
00:47:48.020
got to be. And I'm a huge supporter of these tax cuts. No tax on tips. No tax on overtime.
00:47:52.140
No tax on Social Security for working class people. I am not a fan of the corporate tax
00:47:57.580
cut right now. The reason is they game the system last time. They didn't put in capital
00:48:01.800
equipment. They didn't put in things to grow the economy. What did they do? Exactly what
00:48:05.300
I said they were going to do. They went and put it in stock repurchases to drive up the
00:48:10.500
price of their warrant and equity packages and made more money. And all those CEOs kind
00:48:14.620
of skipped off and the companies are where they are. I'm only like corporate tax cuts
00:48:22.040
if it's ironclad that they're going to take the tax cut, the savings, and plow it back into
00:48:27.680
productive capital. Capital. You didn't see that. They took it for themselves. And I'm
00:48:35.640
totally opposed to tax cuts for the rich. I'm just them. I can walk through any set of analysis
00:48:39.940
that we just don't have the money. And the working class and middle class need it.
00:48:44.680
This is why there's so many MAGA people. There's so many folks on Medicaid. They don't
00:48:47.920
want to be on Medicaid. Nobody wants to be on Medicaid. They have to be on Medicaid.
00:48:53.040
Because the companies aren't paying for the insurance and the jobs. We haven't had any
00:48:56.140
real wage growth. People are working like crazy. People are working two and three jobs.
00:48:59.140
And guess what? All the jobs created under Biden, all the jobs created under Biden went
00:49:03.140
to foreign-born folks, not to people, native-born Americans. Regardless of your race,
00:49:07.480
your religion, your creed, it's a racket. We have the president's going to try to break it. But hey,
00:49:14.560
first you can't. This is why I said, why do we spend all this time on reconciliation? We should
00:49:18.560
have been having this debate month to month. And quite frankly, they should have come up with the
00:49:22.000
appropriations bills. We shouldn't be in this situation. And that takes leadership. And I think
00:49:27.760
the House leadership was not forthcoming, not forthcoming on what the issues were. So now we're
00:49:33.220
left with it. And they're going to point to, you know, oh, these guys are bad guys because they
00:49:37.920
want to stop the program. We don't want to stop the program. We are the ones that want to make sure
00:49:41.680
the program is executed exactly like President Trump. But somebody's got to be the reality check
00:49:46.740
here and stop with the fantasy. And there's a lot of fantasy going on. Fantasy misdirection plays and
00:49:53.080
hide the football. And finally, yesterday, you start to see, did any numbers come out of the Senate
00:49:59.140
House? I rest my case. At the big conference and thing, did anybody come out with a number
00:50:04.440
that Doge has found? I rest my case. And we got to stop kidding ourselves. It's now you have to do
00:50:09.880
it now. If it's $50 billion, fine. There's not a train that's fine. What's the number? Because then
00:50:16.240
we start to calibrate. That's going to be how tough the programmatic cuts are going to be. The
00:50:20.440
programmatic cuts are going to be hard. It's going to be hard to cut defense until you reorganize to the
00:50:26.360
hemispheric defense. It's going to be hard. It's going to be hard to cut Medicaid. It's going
00:50:30.580
to be hard to cut the social programs. It's going to be hard. Doable, particularly of the political
00:50:35.940
will. And if you're steely eyed about it and can go through the firestorm, you can do it. It can be
00:50:42.840
done. You can get there, but you can't do it on a fantasy. Too much fantasy and happy talk has gotten
00:50:48.500
us to this place. That's how you get 37 trillion in debt and a trillion dollars every hundred days with
00:50:54.040
$2 trillion that they're asking you to approve. $2 trillion deficit for this year. Oh, we're going
00:50:59.660
to get to next year, 26. We're really going to take a hard stand. Screw you. I don't want to hear it.
00:51:04.200
I want to hear it now. Mike Lindell, they're trying to put you out of business for your platform.
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