Over the last few weeks, President Trump has gone from being aligned with Israeli Prime Minister Benjamin Netanyahu on key issues like the war in Gaza and Iran's nuclear weapons access, to sidelining him. And, according to exclusive reporting from NBC News, it has Benjamin Netanyahu worried.
00:07:05.860But the purpose of this, under Secretary of Treasury Besant, remember, for the confirmation years, all of it, in the campaign, you can't eliminate these deficits overnight.
00:07:16.900We're not going to get to a balanced budget overnight.
00:07:18.700Now, they try to do the gimmicks on the 10 years.
00:07:29.680That will end September 30th, 2026, 60 days before – no, less than 60 days before – I guess 45 days, 47 days before the election, the midterm election in 26.
00:07:42.500It's shortly thereafter that we hit the debt ceiling, hit the debt ceiling.
00:07:46.280So we won't get involved in the election.
00:07:51.620But there you're talking about at least another $2.000 deficit.
00:07:55.220I think if you do the math, because the purpose of the game was to get from the 6.5% to 7% deficits to GDP, which are definitely not sustainable.
00:08:07.160They're not going down there to party.
00:08:09.700They're going down there to kind of – in their perspective, set things right.
00:08:12.700I'm just saying, and these are a lot of non-good – there's a whole lot of not-good hombres going to be there that don't love the United States of America.
00:08:22.320Do not tear up when they see old glory, okay?
00:08:25.920Some guys in Moscow, a couple, three in Beijing, maybe a couple in Persia, in Tehran, these mullahs, right?
00:08:36.200I don't think $4 trillion, if I'm on the path to get to $3.5, which is not great, but somehow it's sustainable, it's not balanced or somehow sustainable, I don't know how you get to $4 trillion.
00:08:50.960So get ready for another summer of love, because this one's going to be intense as we go through the economic plan here in the United States and the financing of the United States government.
00:09:01.600E.J. and Tony, I think we'll get E.J. and Tony on hopefully tomorrow, either morning or afternoon.
00:09:08.960He's slamming around, but he's been putting tweets up there, although he was gobsmacked when I sent him the thing on the debt ceiling.
00:09:18.740Also, and E.J., we're going to do some work tonight.
00:09:21.660I'm not so sure the supply-side cuts in this thing, I'm not so sure they're permanent.
00:09:25.860So we have to make permanent the cuts to the middle class and to the working class.
00:09:34.360We've got to do it now where we've got Trump.
00:09:36.480We also have to make permanent no tax on tips, no tax on overtime, and we've got to figure out there's no tax on, I can't figure out the Social Security thing,
00:09:46.400and if I can't figure it out at first glance, I'm not a tax guy, but there's something here that doesn't feel right.
00:10:51.840They're going to be part of the decision-making.
00:10:53.800We've gone long enough when they have it.
00:10:55.420I'm telling you, they're going to look at that and go, I don't know.
00:10:57.700This is why you had the turmoil you had in the bond market a couple weeks ago, Gabrielle worked up.
00:11:03.100That was not because of President Trump's tariffs.
00:11:05.200That was part of it, just a little part, is because they couldn't get their arms around what was going to be the situation with the big, beautiful bill.
00:11:13.140And if anything makes my point about not extending tax cuts to the folks doing the best off in this country and not making them permanent,
00:11:22.740it just stands at Grove of Norcross, your serve.
00:13:32.040We don't want to be responsible for regions of the world.
00:13:38.500We want our allies in those regions to be responsible for them.
00:13:42.720And yet, we also don't want to have our vital interests sacrificed or otherwise squandered.
00:13:52.420And where the solution set to that problem, which is, you know, in dynamic tension, let's face it, exists, is those allies with our support can, and we ought to encourage them, to defend our vital interests as well as their own.
00:14:13.000And if that has any exemplar in the world today, it sure is not in Europe, right?
00:14:22.640Somewhat inadequate in the Pacific as well, alas.
00:14:29.440Israel is prepared to fight her enemies, which just happened to bear a pretty perfect correlation to our enemies in the region, whether it's the Iranians or Persians, as you like to call them.
00:14:45.960And I want to emphasize one point, Steve.
00:14:47.800I've been so proud of you in making the distinction in this other theater that we're both very concerned about between the Li Bajing, the people of China, and the regime that misrules them.
00:15:01.600We need to and must and certainly can make that same distinction between the people of Iran and the regime that not only brutalizes them, but threatens us, much as the CCP does.
00:15:14.200So Israel is prepared to do what needs to be done here.
00:15:19.220And I think, just again, to level set, it's not a land invasion of a country the size of Iran, especially since all those people are not opposing us.
00:15:35.420We got it because I gave you – we got some runway here.
00:15:37.720I want to go back to October 7th and not talk about the raid, how horrible the raid is, but the military actions of the IDF and the Israelis against enemies to the north, enemies to the – I guess to the east, enemies to the south, others.
00:15:56.920Where do they stand today of what action they've taken and where do you think they stand overall, whether it's in Syria, potentially against the Turks, in Lebanon, Hezbollah, the proxies, Hamas, the Houthis?
00:16:20.020Some people have said it's a seven-front war.
00:16:21.740I think it's at least up to eight, but whatever it is, they're fighting all comers, but the comers are all basically animated by or certainly aided by Iran, which is why Iran is the key to unlocking this very dangerous situation, again, for us as well as the people of Israel.
00:16:44.300And what I was starting to say is this, if you understand that the Israelis are prepared to take on the Iranians directly, and you asked the question, you know, so how have they been doing?
00:17:05.080But since that point, especially since for most of the intervening period, except for the last four or five months, they were having the, you know, chop-locking of the Biden administration at every turn.
00:17:22.460It wanted their enemies to win, and ours, by the way.
00:17:26.200So despite that, you know, the beeper takedown of Hezbollah, for example, what they have now got going in Gaza, finally, when they're taking and holding territory and they're moving people out of the areas where they can be cared for, fed, clothed, and so on, without feeding and clothing and housing and otherwise enabling their rulers, Hamas.
00:17:51.660But the kicker is this, Steve, what Israel, I think, is now prepared to do, and I believe must do, is not go do whack-a-mole on countless, I said not a ground invasion, obviously, but not do whack-a-mole on these nuclear facilities.
00:18:11.020Because it's clear, even with the incredible intelligence that Israel has brought to bear on this, including, by the way, taking out of Iran all of the nuclear secrets of Iran's nuclear program up to that point, obviously.
00:18:26.940They still don't have perfect knowledge, we certainly don't, of exactly where everything is, especially if there may be a nuclear weapon somewhere in some rat hole someplace in Iran.
00:18:39.200But what they can, and I think, know they now need to do, is to free the people of Iran, to crush or at least greatly diminish the power of the Iranian Revolutionary Guard Corps, the IRGC,
00:18:55.240so that the people of Iran finally have a shot at doing what they've been trying to do repeatedly over the past 45 years or so,
00:19:03.560which is to get out from under these guys, to return to the civilized world, to live in freedom and peace with their neighbors,
00:19:11.760instead of constantly terrifying them or trying to destroy them and threaten, as I said, not just Israel, but us.
00:19:18.240And the interesting thing here is, you know, much is being made now, including that clip that you read on NBC,
00:19:24.680that there's some, you know, rift between Bibi Netanyahu and Donald Trump.
00:19:29.700I don't think that's what's going on here, personally.
00:19:32.500For one thing, all of Bibi's enemies are Donald Trump's enemies.
00:19:37.720Whether it's the, you know, the globalists, the global elites, the European Union,
00:19:42.520and, of course, all of the Sharia supremacists of both the Sunni and the Shiite stripes,
00:19:48.240and, you know, it just goes on down that list, including domestic enemies.
00:19:52.720Enemies now like, oh, I don't know, Barack Obama, Chuck Schumer, the Democratic Party.
00:19:58.560They hate Bibi Netanyahu, and until Donald Trump returned to office, Steve,
00:20:02.320what they were all about was trying to take him down.
00:20:05.180Why? Because they understood that Bibi Netanyahu,
00:20:08.940like guys like Millay and, you know, our other friends in the world,
00:20:18.920Orban, Maloney, Wilders, and Bibi, yes.
00:20:23.920We have people who, like Donald Trump, stand for freedom and are prepared to protect it.