Dec. 7, 2022 - Bannon's War Room
48:54
Participants
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| Speaker | Time | Text |
|---|---|---|
| This is the primal scream of a dying regime. | ||
| Pray for our enemies. | ||
|
unidentified
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Because we're going medieval on these people. | |
| I got a free shot all these networks lying about the people. | ||
| The people have had a belly full of it. | ||
| I know you don't like hearing that. | ||
| I know you try to do everything in the world to stop that, but you're not going to stop it. | ||
| It's going to happen. | ||
| And where do people like that go to share the big line? | ||
|
unidentified
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MAGA Media. | |
| I wish in my soul, I wish that any of these people had a conscience. | ||
|
unidentified
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Ask yourself, what is my task and what is my purpose? | |
| If that answer is to save my country, this country will be saved. | ||
|
unidentified
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War Room, here's your host, Stephen K. Bannon. | |
| 81 years ago today, 7 December 1941, what got the United States actively into the kinetic part of World War II, the continuation of the Great War of the 20th century. | ||
| The curtain came down on that with the fall of the Berlin Wall in Tiananmen Square in the late 80s, beginning of the early 90s. | ||
| Like I said, there have been seven, I think there's seven Pearl Harbor commissions, investigations, all of it. | ||
| Many, many, many, many, many questions still up on Pearl Harbor. | ||
| I think that's the beginning of people saying, well, hang on for a second, because people don't realize this, that as we were fighting the war, this whole Pearl Harbor controversy was quite big, quite big. | ||
| And Admiral Kimmel's family, till today, still fights to have his name cleared, the admiral that was in charge of the Pacific Fleet, headquartered out of Pearl. | ||
| So we'll talk about more about that. | ||
| Maybe I've got maybe this afternoon where I can go through more of it because it's relevant to today. | ||
| Up on Capitol Hill, I know people are very upset about Georgia. | ||
| You should be upset about Georgia. | ||
| We gave them a seat. | ||
| Let's be blunt. | ||
| We gave them a seat. | ||
| What's happening on Capitol Hill right now? | ||
| The power moves, the power struggles are like, it's Shakespearean. | ||
| You have, and this is why it's so important, and I've been a big advocate, President Trump ought to be more engaged on this. | ||
| I just don't think he's engaged enough. | ||
| And as you know, we're the centerpiece of the media for the Trump movement, for the support of President Trump, but you gotta call balls and strikes like you see them. | ||
| They gotta be more engaged. | ||
| And here's why. | ||
| They are structurally doing things right now That are not just detrimental to the overall country, but are going to handcuff a second Trump presidency, the omnibus bill, the Defense Authorization Act, amnesty and debt ceiling. | ||
| Those four. | ||
| And there's many more they're working on. | ||
| Trust me, they got stuff working all over the place, like Torcana. | ||
| I can go up and down, but I'm tired of these big four. | ||
| And I think because I see now Thune and people, I think maybe the debt ceiling we've put to bed. | ||
| Amnesty is still out there, although Josh Hawley, leader of the populist movement, came out and said, over my dead body will they do amnesty in the lame duck, because you need a national consensus on that. | ||
| We have an invasion on the southern border. | ||
| It's even obscene to be talking about and spending time on it. | ||
| And by the way, Dick Durbin and Lindsey Graham got their hands all over that. | ||
| They got Tillis as their front guy, but Lindsey Graham's hands, he'd been fighting, he'd been working this non-stop ever since I was in the way, ever since I've known him. | ||
| He's a huge open borders guy. | ||
| You've got the defense authorization, which is now 800, almost a trillion dollars, but it's totally woke. | ||
| This is why recruitment in the South has collapsed. | ||
| Because of the wokeness in there, and they're giving us a tip about the vaccines going forward. | ||
| This was a huge Republican win. | ||
| Anytime the media says huge Republican win, remember, they're trying to cover up something. | ||
| The omnibus is probably the most offensive, because a couple weeks, we can certainly wait. | ||
| We've kicked the can down the road in this thing all the time. | ||
| It's no urgency to get this done. | ||
| This is just about paying off lobbyists, corporate sponsors for Shelby, and these guys are all going to be leaving, and the Democrats. | ||
| This omnibus is going to be a couple, you know, trillion, trillion and a half dollars, totally unfunded, completely unfunded. | ||
| And by the way, it's going to happen again in nine months. | ||
| In September, it's going to happen another year. | ||
| This is a system. | ||
| We're at the end of this road. | ||
| We're at just the end of it. | ||
| But how do you start to get the end? | ||
| And so what you have to do, you have to have smart, tough people. | ||
| Russ Vogt is probably one of the smartest guys, not the smartest guy, about the complexity and what's really in the budget or the appropriations. | ||
| How money comes in, but more importantly, how it gets spent and how it gets monitored to see programmatically what's working and what's not working. | ||
| He's worked with his organization to come up with a balanced budget. | ||
| Here's why it's important. | ||
| We're going to try to pull the The clip here for later in the hour. | ||
| It ties directly to the fight. | ||
| It ties directly to what's going on and the power moves about who's in charge starting early part of next year. | ||
| And here's why. | ||
| Until we get control of the spending, until you get control of the spending. | ||
| Everything else is kind of a side issue. | ||
| Because right now we're at a precipice, right? | ||
| And we have to show that we can do this. | ||
| We have to show we have the will. | ||
| This is why the American people gave the House of Representatives to the Republicans. | ||
| Remember, we had over six million more votes. | ||
| One is to stop the madness of Biden spending. | ||
| To do that, you have to have a pathway of eventually how to get to a balanced budget. | ||
| Ralph Norman, This congressman from South Carolina who's kind of, I'm not saying a backbencher, but he's never really been at the forefront publicly. | ||
| He said he asked Kevin McCarthy in that private session they had a week ago. | ||
| He said, look, I got a question. | ||
| Here's what I want to know most, because this is the this is the thing itself. | ||
| This is what's important. | ||
| This is signal, not noise. | ||
| Where do you stand on this Republican study committee or vote? | ||
| These guys working on this been working for a long time on this balanced budget that balances, I think, in seven years. | ||
| Kevin, where do you stand on that? | ||
| Won't do it. | ||
| Not interested. | ||
| Not going to happen. | ||
| Boom. | ||
| Ralph Norman said at that moment he became a hard no. | ||
| He said, if you're not prepared to do that fight, then everything else is just happy talk. | ||
| So I want to bring in Russ Vought. | ||
| I think today, Russ, we're going to start rolling out what you've been working on, and this is going to be a centerpiece of going forward, because, hey, the left-wing media is going to be all over this. | ||
| It's the cruel, heartless Republicans that are now trying to take food out of the mouths of babies, right? | ||
| But somebody's got to step up and say we can't, because otherwise you're just going to have these omnibus bills every 12 months. | ||
| Unfunded, a trillion to have two trillion, and that's without the financing charges. | ||
| The scam is they don't really even bake that into the system. | ||
| The financing charges now are going to be another trillion dollars. | ||
| So here's what you get, these silos of trillions. | ||
| Over a trillion for Social Security, over a trillion for Medicaid, over a trillion for Medicare, over a trillion for National Defense, and now a trillion for, let's throw a trillion in there for financing. | ||
| The five trillions, the five building blocks of this. | ||
| Russ Vogt, walk us through what you guys have come up with and talk about the process first and what do you have and how we're going to roll it out. | ||
| Sure. | ||
| Thanks, Steve, for the opportunity. | ||
| So this is really, really timely, as you mentioned, because it is specifically written for the fiscal 23 year that they are appropriating or spending money to right now in this lame duck. | ||
| And by the way, we are on the cusp of having a major victory as a result of this show in being able to get that pumped over into the new year with a short-term CR so that the new majority can Use this budget to turn that into law and that we did that intentionally So you have a Kevin McCarthy that's out there saying number one. | ||
| You just can't get to balance We wanted to prove that wrong. | ||
| We had already proved it wrong in the Trump administration, but we wanted to do it in a 10-year period, which is the typical budget window. | ||
| We wanted to say, look, we're going to do it within the constraints of how we wrote the Trump budgets. | ||
| We're going to do it in 10 years. | ||
| We're going to give you the moral high ground in a way that you've never had before. | ||
| Really, that's what we're trying to do, is that this has always been a debate about, well, two people agree on a program existing, Section 8 housing, CDC funding. | ||
| We're just talking about whether you can afford it or not. | ||
| You've got to get out of the affordability. | ||
| This is not about bureaucracy that is good for the country and should just be afforded, spent based on what you can afford. | ||
| This is more. | ||
| Money that is being put was putting sewage in your community when you have a million and a half going to the University of Texas to train teachers on how to do critical race theory and social emotional learning in math That's sewage into your school. | ||
| That's that's not teacher improvement to make sure they teach math better That's way of figuring out how to have Marxist revolutionaries in your schools recruit more Marxist revolutionaries in your school and so we're trying to say with this budget that We're dealing with statesmen here, or we're trying to lead and be able to create statesmen, and everyone on this show is a statesman at the local level. | ||
| And so, that's not single-issue voting. | ||
| That is, okay, you've got multiple threats. | ||
| You have a fiscal threat of $31 trillion in debt. | ||
| And you've got this woke and weaponized bureaucracy that is immediately arrayed against the American people. | ||
| What do you do about that? | ||
| You've got to merge them. | ||
| You've got to say that this bureaucracy exists because of the funding sources that is causing our fiscal imbalances. | ||
| And by merging them, all of a sudden, you've given yourself a strategic moral high ground to be able to go after these spendings in a way that busts the cartel in a fundamental way. | ||
| So just the bottom line, what we're trying to do this strategically, we're trying to delegitimize the regime. | ||
| We're trying to show you what the regime is like. | ||
| This is not foreign aid, which I would oppose anyways. | ||
| This is spending money to train LGBT activists in Senegal. | ||
| This is to have drag queen theaters in Ecuador. | ||
| This is about having a Bob Dylan statute in Mozambique. | ||
| This is about funding gay pride parades in Prague. | ||
| That's what you are getting with your money, and we want to be able to Delegitimize the regime and then starve it of every dollar that is going to the to what is woke and weaponized I just want to make sure people you're saying the administrative state in the rogue part the deep state part of that is Perpetuated by these massive this five and a half trillion the particularly the unfunded discretionary spending you're merging the crisis in the debt Right? | ||
| And the exploding interest rates with the administrative state. | ||
| This is Leviathan. | ||
| This is the beast. | ||
| And every time you spend a penny, you're feeding that beast. | ||
| So let's figure out how we deconstruct the beast by cutting off the money, program by program. | ||
| Is that essentially your theory of the case? | ||
| That's the theory of the case. | ||
| That is the central threat that statesmen need to rise to. | ||
| And what they have been... Go ahead. | ||
| Hang on. | ||
| It's taken 30 years to get their vote. | ||
| You know that. | ||
| Because go back at how people used to think about it. | ||
| If you think about it in this construct, if you think about it in that framing, you'll get to a solution. | ||
| But the fight just to get there has been pretty monumental. | ||
| I mean, we're still not there. | ||
| Trust me. | ||
| We're starting it. | ||
| But before, it was all about affordability, right? | ||
| Correct? | ||
| This is a major shift in the Overton window. | ||
| No, that's exactly right. | ||
| I mean, like, I used to have these debates about stuff that I wanted to fund, you know, the wall or the Navy or, you know, NASA space exploration, things that conservatives want. | ||
| And I'd say, well, you know, what's the Delta? | ||
| What do I need to be able to fund what we really need? | ||
| And they'd say five billion. | ||
| I was like, well, Why are we even having this conversation? | ||
| Take it from someplace in HUD that doesn't need it. | ||
| And so we've been trapped in these paradigms. | ||
| And then you look at that funding, you just took it from HUD and you're thinking, oh man, I really hurt the homelessness issue, or I'm going to really have to explain that. | ||
| But then you realize, and you realize that Section 8 housing Is this massive program that's leading to crime in our neighborhoods, that's leading to depressed home values, then you realize there's a fair housing network that's funded by the HUD. | ||
| All they do is a bunch of left-wing activism that's designed to break up single-family zoning. | ||
| And so you've got to really begin to think through, this is not about affordability. | ||
| This is about, specifically, what do we want to fund? | ||
| And we're going to fund those. | ||
| And what are we not going to fund because they're our enemy? | ||
| And we're going to defund that in an increasingly accurate way. | ||
| And so this is the start of it. | ||
| Did we get everything? | ||
| No, but we've got a lot of it. | ||
| And we're going to keep going after the bureaucracy each and every opportunity that we have. | ||
| Before we go to break, and I'm going to get Cortez in here at the break, walk me through how, in 10 years, just the macro, how do you get to balance, now that your $2 trillion, not counting the interest cost, on discretionary, how do you even get this in 10 years to balance? | ||
| Sure. | ||
| Here's the basic plan that we put forward. | ||
| Number one, you've got to have economic growth. | ||
| You can't balance the budget without economic growth. | ||
| And so we extend the tax cuts, we assume all the things that we would do in a Trump administration, and we get the economy growing at 3%, 3.1% next year and then 2.8% throughout the rest of the window. | ||
| And that's critical, because if you don't grow the economy, your target keeps getting bigger, and the country is hurting from unemployment, and you just don't have an ability to have a political coalition to get it done. | ||
| So that's step one. | ||
| The next one is spending restraint, and you can't balance the budget without spending reform and cuts. | ||
| So, we're putting forward $9 trillion in spending cuts, $3 trillion of it is focused on the woke and the weaponized bureaucracy, and then $6 trillion is what I would call easy mandatory reforms that are not going after Social Security or Medicare beneficiaries, and using those to increase the labor force to be able to get people off of the massive social safety net that they are now accustomed to because of the pandemic. | ||
| You do those two things, nine trillion dollars, and then with another trillion dollars of reduced interest rates or interest costs each year, you are in a place where you can hit balance in ten. | ||
| Now, could I do it faster? | ||
| Steve, you and I could do this in a long weekend and we could get it faster, but this is a budget that's designed for a coalition to pass. | ||
| Okay, short break. | ||
| I've got the Great Russ vote. | ||
| We're going to get into this balanced budget, the 10-year plan. | ||
| Also, Steve Cortez is going to give us some observations and commentary. | ||
| Short break. | ||
| Be back in a moment. | ||
|
unidentified
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Here's your host, Stephen K. Bax. | |
| Okay, welcome back. | ||
| I want to make sure that this is the thing itself, because this is going to drive so much of the conversation. | ||
| We've got Russ Vought, Restoring America, has put together this budget different than the RSC's, got some pretty big differences. | ||
| Cortez, give me your initial thoughts, and then I want to get into some more details with Russ. | ||
| Sure. | ||
| Well, Steve, first of all, this is incredibly exciting. | ||
| And I really mean that. | ||
| As you know, I'm kind of an economic and interest rate geek, so this kind of talk is music to my ears. | ||
| But it's so important for our entire country, even if you're not really into those topics. | ||
| This matters so much. | ||
| On the political side, let me say that I hope Kevin McCarthy will take this proposal really seriously and read it. | ||
| I'm excited to read the details. | ||
| I hope he will do the same and consider this. | ||
| I think that it would make his bid for the speakership much, much stronger. | ||
| But on the economic side, too, I want to talk about the interest rate component, and Russ, I want to ask you about this, because I think this is critical. | ||
| On Election Day in 2020, when Joe Biden prevailed, 10-year yield was 0.8%. | ||
| Money was practically free, which really amassed a lot of this budget profligacy. | ||
| A lot of our exorbitant borrowing and spending was sort of allowed because of Extremely low, artificially suppressed interest rates. | ||
| The 10-year yield is now four times that amount. | ||
| So debt service costs really matter. | ||
| Deficits really, really matter all of a sudden, all over the world. | ||
| We saw what happened in the UK. | ||
| So, Russ, what are your projections regarding interest rates and debt service costs? | ||
| And how does that factor into your ability over 10 years to get us back to a balanced budget, a place of fiscal sanity? | ||
| You know, every morning is what's that 10 year yield looking like? | ||
| And when I left, it was, you know, 80 basis points, 90 basis points. | ||
| And we're looking at a situation where we had to adjust for higher interest rates. | ||
| And we assume a 3%, not because that's we're going to end this year at 2022, but just in terms of the average over the course of the year. | ||
| And then we assume that interest rates will go up higher in 2023, which is the main budget year of this proposal, to 3.9. | ||
| And then we believe, because this is post-policy, this is on the other side of our policy changes, that it will come down to 3.2% over the life of the window. | ||
| But we're not assuming that we go back to kind of those glory days, those heady days of, you know, the lords of easy money pumping a ton of money into it and depending on the U.S. | ||
| to be the reserve capital for the rest of eternity at at such low interest rates. So that's kind of how we see the projection of this and we think that as a result this is is a more credible budget than you're gonna see from the administration or even CBO to some extent. | ||
| And by the way, I would just say, you know, as a guy who traded bonds for 25 years for a living, I think you're approaching it exactly correctly. | ||
| Assume first that interest rates actually get worse from here because that's likely going to happen. | ||
| But then over time, with a more restrained budget, with better economic growth because of it, interest rates actually start to come back down. | ||
| I think that's exactly the correct approach and really gives you, I think, a lot of credibility to your projections. | ||
| Yeah, big time. | ||
| I think, and Steve, I think we can talk about some assumptions, because growth rate and interest rates, and we want the audience, you've got to get up to speed on this nomenclature, because this affects your personal life, also your political life, but your personal life, because Russ is kind of laying out what the future could look like. | ||
| I want to make sure, though, that there's some huge differences you guys have done, and I want to make sure the audience understands that and you get a chance to explain it. | ||
| In these nine trillion dollars worth of cuts, three trillion from, what, programmatically, and then nine trillion, it looks like from existing, I don't know, Medicaid, you don't, I just want to make sure the audience understands, or six trillion, you don't touch for beneficiaries Social Security or Medicare right now, or not really touch this, correct? | ||
| Correct. | ||
| That's a major difference that we are intentionally making a strategic play call very consistent with the promises that President Trump made when he ran for office. | ||
| I wrote four of his budgets. | ||
| These were how we got to balance and we avoided cuts, any cuts, to Social Security retirement. | ||
| and we made sure that any changes to Medicare were not going to be cuts to beneficiaries. So we have changes to Medicare things like prescription drug reforms. When you have prescription drug reforms you get two hundred billion dollars in savings that lower the cost to the beneficiary just by going and making sure that we're gonna get the same price that pharmaceutical companies are giving to other nations across the country. | ||
| Another thing that you could do is just site neutrality. | ||
| That's a word that says like if Medicare is paying for a CAT scan, like $230 at the hospital, but they're only paying for it $118 in the physician's office, we want to get that lowest price. | ||
| That's not hurting the beneficiary. | ||
| That's site neutrality and you get substantial amount of money from that. | ||
| So we have Very protected beneficiaries to make sure both politically and I think there's always a logic to the promises that were made on behalf of these beneficiaries. | ||
| They paid into trust funds for decades and led surpluses in those trust funds and then the fiscal wonks all said that that was a dedicated trust fund. | ||
| That was all spent money on government, on bureaucracy. | ||
| And so I think the American people are sitting back and saying, you know, until you deal with the statute of Bob Dylan in Mozambique, don't come and ask me to raise the retirement age in Social Security. | ||
| And we don't do that. | ||
| This is a budget that could pass next year with the commitments that Donald Trump made, and also every Republican's constituency should be able to pass this budget. | ||
| This is a key point and differentiates what you guys have done from so much else. | ||
| And we're going to go back and make sure we reiterate that for the hours over because people have to understand it. | ||
| OK, so if I have essentially Social Security and Medicare off to the side, except for some marginal tweaks and like prescription drugs. | ||
| Which will make it even better to the beneficiaries. | ||
| I've then got the whole discretionary part, which is the defense budget and everything else, plus Medicaid, right? | ||
| Is that essentially what is in the field of things I can deal with, right? | ||
| The discretionary part of this, which is defense and all the other departments, agencies in the administrative state, plus Medicaid. | ||
| That is your field of, hey, let's go and figure out how we deconstruct that, correct? | ||
| Yeah, well we have more mandatory reforms than just Medicaid, but you're hitting the big moving targets. | ||
| The heart of this budget is on that discretionary piece. | ||
| Why? | ||
| Because that's what members have a vote on every single year. | ||
| We talk about it on this program, and they don't have a vote on the mandatories every year. | ||
| They have to create a vote to do that. | ||
| And so, not only is it the number one threat facing the country, it's what the members have a vote on it. | ||
| But we deal with Food Stamp Nation, we deal with the fact that we're subsidizing colleges and universities through These subsidies for post-secondary degrees and graduate degrees, we go at a lot of different things, all from the America First perspective. | ||
| And then we try to spend where we need to, on infrastructure. | ||
| We increase money for the Department of Transportation. | ||
| On NASA, we get rid of science and we put it towards space exploration. | ||
| We give money to career and technical education and education because we want to be able to further that and de-emphasize, hit the gas, on this notion that you don't need a college degree to be successful and have a six-figure job down the road in some of these key areas where the economy has needs. | ||
| So that's really how we're trying to go about this. | ||
| And all of the reforms that we are doing on the mandatory side really fit in with getting the labor force participation growing and expanding so that we can get better economic gains and reducing welfare. | ||
| So disability insurance. | ||
| People gain disability. | ||
| They have an ability to get back in the workforce. | ||
| It's a form of welfare at this point. | ||
| We change that with some common sense reforms. | ||
| Over 10 years, before we go to break, I want to get Cortez in here, but real quickly, over 10 years the aggregate spending That you took the nine trillion off was what? | ||
| What was the aggregate spending, in aggregate, over the ten years? | ||
| Aggregate spending under the baseline would have been about thirty, about seventy two trillion dollars of spending over ten years. | ||
| Seventy two trillion, and that, you cut that, that is what's cut by nine trillion dollars over the ten years, right? | ||
|
unidentified
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That? | |
| Correct. | ||
| Yep, so we had, just to give you a better perspective, The baseline, and that's just budget code for what you're currently expecting to spend under current law. | ||
| Deficits are $15 trillion. | ||
| We turn those deficits into $4 trillion, and that's why we see the impact from a standpoint of balance and why we believe you're putting the country on a fiscal trajectory that they can then pay for. | ||
| We're going to go through that in the next segment. | ||
| Steve Cortez, I know you got to bounce. | ||
| Your summary thoughts here before we lose you. | ||
| Well, listen, there is a global bond market revolt going on, a revolt against Joe Biden and his budgets here in the United States. | ||
| So to some extent, we don't have a choice. | ||
| OK, Steve, we have to pursue these reforms. | ||
| The bond market is forcing us into that. | ||
| But it's also a good thing, because as Russ is pointing out, it doesn't just make eminent economic sense. | ||
| It's also the method to starve the beast that is permanent Washington. | ||
| And all of the damage that it is doing to American society, culturally, politically, in all ways, economically, starve the beast. | ||
| And the way we do that is remove the funding for permanent Washington. | ||
| Yeah, the administrative state is $72 trillion. | ||
| Also, you starve the beast. | ||
| It's also the crowding out in capital markets of having to finance this over and over again. | ||
| This has to happen. | ||
| It's just a methodology. | ||
| It's going to happen, and we're going to talk about that next. | ||
| Cortez, how do people get to you on social media? | ||
| There's so much news breaking all the time, and your live streams are fantastic. | ||
| Your substacks are fantastic. | ||
| I learn stuff every day. | ||
| Thank you, and I have a live stream today. | ||
| I'm going to be the warm-up act for the afternoon War Room, so 4 p.m. | ||
| Eastern. | ||
| I have a live stream on Florida as the political model for America, 4 p.m. | ||
| on Getter. | ||
| I'm at Steve there at Getter. | ||
| On Twitter, I'm at CortesSteve, but please see me at 4, and then tune in, of course, to War Room at 5. | ||
| By the way, I put this DeSantis piece up, which you hadn't had a chance to get to. | ||
| It's this really amazing Ron DeSantis piece. | ||
| I hope you go through that in great detail. | ||
| By the way, Governor DeSantis, I put up on Getter, throwing down on the Vax, throwing down on Moderna and Pfizer. | ||
| Got to hold him accountable. | ||
| We're going to try to get his surgeon general. | ||
| Lapidot, Dr. Lapidot on here, because he's obviously a central part of that. | ||
| Steve Cortes, thank you. | ||
| We're going to return with Russ Vogt. | ||
| We're going to be talking about your future, because that's what these numbers do. | ||
| The manifestation of this is the future for your children and your grandchildren. | ||
|
unidentified
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All next in The War Room. | |
| Just watch and see. | ||
| It's all started. | ||
| Everything's begun. | ||
| And you are over. | ||
| Cause we're taking down the CCP! | ||
| Spread the word all through Hong Kong. | ||
| We will fight till they're all gone. | ||
| We rejoice when there's no more. | ||
| Let's take down the CCP! | ||
| Here's your host, Stephen K. Back. | ||
| Okay, we want everybody out in Metro Phoenix, December 17th through the 20th. | ||
| War Room's going to be there. | ||
| Charlie Kirk, the team at Turning Point USA, putting on this AmericaFest. | ||
| Everybody's going to be there. | ||
| The list of speakers, go to the website right now. | ||
| The list of speakers is going to be amazing. | ||
| From Josh Hawley to Tucker Carlson, Candace Owens, yours truly. | ||
| I'm going to be there, make some presentations. | ||
| We're going to do the show live from there. | ||
| All of our production staff will be there. | ||
| You get to meet everybody. | ||
| So we're going to do meet and greets, make sure everybody gets to know each other. | ||
| So make sure you come. | ||
| Great way to end the year and most importantly, focus on 2023 and beyond. | ||
| Do we have the, do we have the Norman? | ||
| Let's, I want to play this. | ||
| This is how, this is what we're talking about on the politics of it. | ||
| Ralph Norman from South Carolina, one of the hard no's in relation to us. | ||
| Kevin McCarthy, let's hear it. | ||
| We're now honored to be joined by Congressman Ralph Norman from South Carolina 5. | ||
| Congressman Norman, you were on the John Solomon show last night, made some waves by saying that you were a hard no Sure. | ||
|
unidentified
|
Well, Steve, first of all, there's nowhere it's written that only one person can take the mantle of Speaker. | |
| Kevin McCarthy has had four years to, I guess, make the case why he's the best to handle what's going to be a very difficult job. | ||
| Speaker of the House is the most powerful position, I would argue, In the country today, particularly as it affects the purse strings, which the House controls. | ||
| He did it with me. | ||
| I guess this was the thing that, one, I didn't understand, and two, I was shocked when in front of the caucus I said, Kevin, would you agree to go with the RSC budget of seven years of balancing the budget, which had some severe cuts? | ||
| And he just said no. | ||
| Not only is the leader responsible for presenting the plan, but just a solid no led me to believe he's really not serious about it. | ||
| I'm done with 20-year budgets. | ||
| The American people are done. | ||
| This country's got a cancer, and Aspen's not going to cure it. | ||
| And do I want McCarthy going in and negotiating with Schumer? | ||
| With the powers that be, it's just not in him to do it. | ||
| He's a nice man. | ||
| I like him. | ||
| But this country, we've got problems. | ||
| And economic security is national security. | ||
| The two go hand in hand. | ||
| And I just don't think he's taking it seriously. | ||
| And it's not business as usual in Washington. | ||
| Do you think you and I would be having this conversation if the House, if we had a 30 to 40 seat margin? | ||
| No. | ||
| It'd just be business as usual and went on. | ||
| The great thing about what happened, I never thought I'd say this, is a slim majority. | ||
| That's Ralph Norman from South Carolina. | ||
| Interview we had a couple weeks ago now. | ||
| Russ Vought, I want you to respond to Congressman Ralph Norman who said, this country has a cancer and aspirin's not going to cure it, sir. | ||
| Yeah, I agree with him. | ||
| I mean, I think this is why we wrote this budget is that there is a view on Capitol Hill that balance is not possible and that there is not a real plan to be able to deal with our fiscal imbalances. | ||
| And so it allowed people like Kevin McCarthy to say, well, show me your plan. | ||
| And we wanted to be able to do that. | ||
| And so he right now is not a paradigm-shifting speaker because he has rejected really easy requests. | ||
| For instance, why didn't the commitment to America that they ran on, no one probably knows that they ran on it, but you know, why didn't that include a very simple, we're going to balance in ten? | ||
| Maybe you don't want to go to balance in seven because of some of the things you need to do in Social Security. | ||
| Why not balance in ten? | ||
| And that would be something that then you just tell your budget chairman, that's what you need to do. | ||
| We're not having that debate because they didn't do it. | ||
| So we had to come forward and give them a plan to do it so that whoever's the House Budget Committee chairman say, I may have some disagreements for how you got there, but don't tell me it's not possible. | ||
| That's what we're trying to solve. | ||
| And as a result, we're busting through the cartel in a way that really shows them what can be done and allows a member like Ralph Norman to go into the speaker's chamber and be able to say, this has been done. | ||
| You guys need to get on board or you're not going to get my vote. | ||
| The founders – in the wisdom of the founders, they put the control of the appropriations in the house because you're most responsible to the people. | ||
| This was the vision they had. | ||
| But to use that leverage, you've got to get access to that leverage. | ||
| This is the whole thing. | ||
| This is why we fight this omnibus every second of every day up here and then after the show. | ||
| Because right now, what they want to do is give Nancy Pelosi a kiss. | ||
| All these people, Shelby and everybody, they want a big thing for their lobbyists, for their donors, for their sponsors, when they go out the door and really handcuff the new House majority. | ||
| Because, let's talk about it. | ||
| You're fighting to say, no, we got to do a short term, you guys have done so many short terms, do another short term, let's get into January. | ||
| Once we get into January, I keep saying you're going to need titanium stones To do this. | ||
| Just in year one, I want to make sure the audience gets a fair assessment of this. | ||
| Just in year one, the fiscal year that we're talking about, that we don't want to do the omnibus, we'll handle next year. | ||
| What type of cuts in discretionary spending are you arguing for, sir? | ||
| When you read our budget, most of our numbers are going to be in fiscal year 21, where we missed a year, because that's kind of how the most accurate information we had. | ||
| But let me give you the number as of fiscal year 22, okay? | ||
| This is the real numbers. | ||
| From a non-defense perspective, we're asking for about 25% cut. | ||
| We're actually increasing defense spending by 6%, not as much as they want. | ||
| They want a 10% increase in this NDAA, and then we restrain it in the years ahead as we get a hold of our America First commitments overseas entanglements. | ||
| But for next year, you know, you've got a 6% increase in defense and you've got a 25% cut in non-defense. | ||
| And we've given you every opportunity to provide a specific, so we can tell you exactly where we believe your surgical scalpel should be. | ||
| We're not asking for across-the-board cuts here. | ||
| Hold it. | ||
| So, and first off, you know, and I know there's logic there. | ||
| I'm for, and I'm a hawk. | ||
| I'm for we have to cut defense, and I think we have to have some real cuts in defense. | ||
| Start using economic warfare more. | ||
| The Navy's got to be built up. | ||
| We have to reorganize the defense budget. | ||
| It's out of control, right? | ||
| It's just out of control, and it's no thinking. | ||
| I don't even know if we got audits. | ||
| We'll get into that later, but when you say take defense out, Of all the other discretionary spending, you're saying that it's going to be a top-line 25% cut, but you're going to go through programmatically. | ||
| Have you met a Republican yet that's prepared? | ||
| Because that means you're forcing a showdown with Biden that will clearly shut down the government, right? | ||
| Do you, have you met a Republican yet that has the guts to stand and deliver on that, on those type of cuts coming out of the box? | ||
| I believe so. | ||
| I think your members in your House Freedom Caucus, we've been working with a lot of them to preview what we're doing. | ||
| They asked for this budget. | ||
| They have the guts to do that. | ||
| But here's the thing, Steve. | ||
| We intentionally wrote this budget. | ||
| From a non-accounting, austerity perspective. | ||
| So what does that mean? | ||
| It means we're funding things that we believe are important as conservatives, America First individuals, and we are cutting things that any conservative should be able to go home and explain to their voters why they have the moral high ground to cut it. | ||
| So whether that's HUD, whether that's EPA that's putting Navy veterans in jail for violating waters of the United States and putting four ponds on their ranch, in every agency we have given the moral high ground for why they can be for the cuts. | ||
| And so do we have all Republicans supportive of this? | ||
| No, not yet. | ||
| But we're calling their bluff to say We have written a budget that you can sell in any of your constituencies. | ||
| We go light on farm programs. | ||
| We have increases for Florida in NASA space exploration. | ||
| We increase funding for veterans. | ||
| We have an increase for defense, but we do, to your point, make significant reforms to the complex, the industrial complex. | ||
| But we're calling the bluff of the appropriators, the Republican establishment cartel members, to say Don't be for autopilot bureaucracy as far as the eye can see. | ||
| Come and look at why they are arrayed against your own voters and then take that to the floor of the House and vote it because we believe this is something that you can sell and win politically. | ||
| Yeah. | ||
| Okay, so we're going to take a lot more time on this. | ||
| I think what we're going to do is actually have a special either on Getter or I'll take the 6 o'clock show where I have a little more breathing room to go through it. | ||
| Here's why. | ||
| Russ Vought is the guy to do this. | ||
| And here's why. | ||
| When we were in the White House with this massive five and a half, six trillion dollars, you can call Russ up and say, hey, look, I got questions about this program. | ||
| And then he said, give me 20 minutes. | ||
| He come over with two guys, right? | ||
| The two guys with the, you know, the veins running up the cranium of the forehead to the smartest guys in any program. | ||
| He would walk you through the details on a week by week basis of how the money was going out and where it was going programmatically. | ||
| So if you have to talk about somebody programmatically, so many people just spin it, top line. | ||
| Russ Vought can bring the receipts. | ||
| He spent essentially his life, or at least the last couple of years with President Trump, going through every line of this budget. | ||
| So he can sit there in front of somebody and say, hey, here's how you have to do it. | ||
| So in that budget, it's not just, oh, we're just going to do a cross-the-board 25% cut. | ||
| You actually go into the administrative state program by program, essentially. | ||
| And say, we're not funding this anymore, right? | ||
| This is ridiculous. | ||
| This is anti, not just conservative. | ||
| A lot of this stuff goes against even the basic foundational elements of the country. | ||
| In addition, in addition, you got to take the calculation of how you going to finance it. | ||
| And what Russ is saying, I'm going to bring interest rates down and get growth up because I'm a show that we're going to take the beast down. | ||
| We're going to take the Leviathan down, take out the crowding out of in the capital markets. | ||
| You nailed it. | ||
| Federal Reserve having to go out and print additional money. | ||
| That's essentially the theory of the case. It's program by program, right? It's not just some general cut. Program by program, you get to the cuts and you'll see a concomitant eventual drop in interest rates and you'll see an increase in growth. Is that essentially the model? You nailed it. We want to give people who want to deal with our fiscal house, we want to give them moral high ground to know that they are saving the country from a government that is oppressing them right now. | ||
| Okay, so Russ Vought, I know you've got to bounce, and I want to give you a couple of minutes. | ||
| You're going to roll this out. | ||
| By the way, they're going to rip Russ Vought's face off. | ||
| Just understand. | ||
| Because this is what D.C. | ||
|
unidentified
|
is about. | |
| D.C. | ||
| is about money and power, okay? | ||
| And Russ Vought is walking in and saying, hey, I've got a way to both take down the money and get it back to the American people and decrease your power. | ||
| So that is the heart drain the swamps to to queue to term. | ||
| This is the kill zone. | ||
| This is where it'll get nasty. | ||
| It'll get personal. | ||
| This is why they got the FBI and DOJ all in Twitter. | ||
| This is this is their greatest fear. | ||
| This is Trump. | ||
| This is Trumpism weaponized. | ||
| This is Trumpism going to the heart of the problem, the administrative state, okay? | ||
| And how it's funded, how it grows, and what it's into. | ||
| And Roach is sitting there going, you know, I think you're in a couple of areas you shouldn't be, and here's what we're going to do. | ||
| How about zero? | ||
| How about zero? | ||
| The fights on Capitol Hill are going to be firefights like you've never seen before. | ||
| Literally, Russ Vought, they're going to have a big picture of Russ Vought and a poster of taking food out of babies' mouths, of kicking people into being homeless, of... You're going to be Scrooge on testosterone. | ||
| Correct, Russ Vought? | ||
| You know it's coming. | ||
| Yeah, we know it's coming and that's what this is all about. | ||
| You're not going to save your country by avoiding the fire. | ||
| The only way out is through the fire. | ||
| The people on this show are those who realize that they are the cavalry and we want to arm every statesman at the local level to know exactly how to save their country fiscally and culturally because it can be done. | ||
| And right now what you're seeing in this lame duck is you are seeing this show will Politicians to fight for a new speaker, to fight against a lame-duck spending package, and to fight for a balanced budget that deals with woken weaponized bureaucracy. | ||
| That is what we know we have behind us in this fight and that's gonna give us encouragement every step of the way as this gets hot and heavy. | ||
| We're going to keep Russ for a few minutes after the break because we're going to ask him specifically about the rollout today. | ||
| Heroic measures from his center. | ||
| We're going to get into all that, how it's going to be rolled out, how you can learn more about it. | ||
| Short break. | ||
|
unidentified
|
Rust vote for a few minutes on the other side. | |
| The new social media taking on big tech. | ||
| Protecting free speech. | ||
| And cancelling cancel culture. | ||
| Join the marketplace of ideas. | ||
| The platform for independent thought has arrived. | ||
| Superior technology. | ||
| No more selling your personal data. | ||
| No more censorship. | ||
| No more cancel culture. | ||
| Enough. | ||
| Getter has arrived. | ||
| It's time to say what you want, the way you want. | ||
| Download now. | ||
| Okay, Russ vote is, I guess, again, for a few more minutes. | ||
| By the way, up on Capitol Hill, Russ, debt ceiling. | ||
| I think we might. | ||
| Thiemans even kind of signaled that might have been kicked into next year because we've made it too hot to handle. | ||
| The amnesty thing, we're going to fight. | ||
| That's Josh Hawley and others. | ||
| Even Cornyn said there'll be no immigration deal. | ||
| So, Cornyn, who's never really been that hard on it, said it ain't happening because they understand everybody met at Texas. | ||
| We've got the defense authorization. | ||
| That's a whole fiasco. | ||
| Tell us about Omnibus. | ||
| Are we going to have a chance to allow you to provide the tools to the new house, whoever the speaker is, to fight this? | ||
| Is this going to get kicked into January? | ||
| Are they going to cut deals and we're going to lose this right now as you see it? | ||
| Right now, the trend lines are going in our direction on kicking that spending leverage point into the new years. | ||
| Yesterday, Mitch McConnell said and floated the idea of a short-term CR. | ||
| Obviously, this program has been pushing that for months. | ||
| A year, frankly. | ||
| And so we're on the cusp of winning on the debt limit. | ||
| I think we already have won on that. | ||
| We're about to win on the omnibus bill. | ||
| We have immense pressure on the speaker's race. | ||
| My hope is that the folks who listen to this and interact with their members of Congress in a real way don't get tired of winning because we have a real shot to have paradigm-shifting results. | ||
| We've just got to keep it up for a couple more days to get this out of the hands of the retiring big spenders like Roy Blunt and Dick Shelby into the new Congress where you have a slim House majority that can use the power of the purse effectively. | ||
| And I want everybody to man the phones. | ||
| Get to your house members today, because this fight... Mitch McConnell, I think, was also signaling to the guys that he wants them to cut the deals. | ||
| You better cut the deals. | ||
| You got like 24 hours to cut your deals. | ||
| I don't have to go in a different direction. | ||
| So, trust me, Mitch McConnell wants the omnibus done. | ||
| Ross, for our audience, where do you go on the rollout of this now? | ||
| Where should they be looking? | ||
| It's going to look like a lot of hand-to-hand work where we're going to be getting in front of members of Congress and educating on what we do in various aspects of this and winning the debate. | ||
| Look, we try to pick big... | ||
| Confrontation, big fights, nationalize the debate over strategic leverage points. | ||
| So now we're going to go and nationalize it and win the debate. | ||
| And this is a huge part of what we're trying to do. | ||
| You can get me at any of the channels at RussVote. | ||
| You'll get details. | ||
| If you go to AmericaRenewing.com, you'll see a two-page executive summary. | ||
| You'll see the whole hundred-page budget. | ||
| You'll see a list of our examples of the worst of the woke and the weaponized. | ||
| And you'll see an introduction from me which gets at the ways that we're trying to change the paradigms that has caused us to lose for 20 years. | ||
| I'm tired of being in a cul-de-sac where we lose on every budget battle because we don't have the moral high ground because our own people are defending Leviathan. | ||
| I want to delegitimize Leviathan. | ||
| By the way, this is going to be the fight. | ||
| I mean, this is going to be, it's going to be gnarly. | ||
| But it should be. | ||
| It's got to be. | ||
| If you're going to save the country, this is the fight you have to have. | ||
| Russ Vought, one more time. | ||
| How do they get to the site? | ||
| I want people to get up to their elbows in this thing, to know the details. | ||
| They can go right now, americarenewing.com. | ||
| The budget is all over the place. | ||
| Find the details, and then on Getter, Truth, and even Twitter, at Russ Vought, they can get all the details. | ||
| Russ Vogt, thank you. | ||
| Honored to have you on here. | ||
| Great work. | ||
| We will have you back in nationalizing this debate about Leviathan. | ||
| Thank you, sir. | ||
| Thanks, Steve. | ||
| The paradigm shift is the administrative state and the funding mechanism for it. | ||
| This is why things are out of control, and too many of the people you elect get there and they've got the administrative state. | ||
| Do we have Larry Fink? | ||
| What a great way. | ||
| I'll tell you what, let's go ahead and play Larry Fink, one of the worst people in this country, yammering on at DealBook at the conference. | ||
| Let's play it. | ||
|
unidentified
|
I don't think there's been any changes at all. | |
| We've always talked, first of all, we're writing things that we think about are really being impactful for the long term. | ||
| Unfortunately, the long term is not something that is topical today. | ||
|
unidentified
|
And let's be clear, populism is not about long termism. | |
| Populism is about the moment. | ||
|
unidentified
|
And let me be clear, one of the greatest reasons why we have inflation is because of populism. | |
| We are doing things for the short term. | ||
| And so many of the things, I mean, I could go on on the whole short-termism of populism and what we've done and created this inflation. | ||
| But, you know, I've always spoken about… This guy is a bozo, a former bond trader, okay? | ||
| This guy's a clown. | ||
| He couldn't stand it. | ||
| Everything he said there is a lie. | ||
| He's blaming inflation on populism. | ||
| He's blaming inflation on populism. | ||
| Ron DeSantis did the other day. | ||
| He jerked $2 billion, I think it was, $2 billion of Florida pension funds, state-controlled, out of BlackRock. | ||
| Larry Fink is one of the most evil, destructive individuals in this nation. | ||
| Okay? | ||
| Evil, destructive individuals. | ||
| With no real academic background, there's no real... He's a bond trader. | ||
| That's an asset manager now. | ||
| Okay, a bond trader is an asset manager, and yet he's the great titan of Wall Street. | ||
| He's going to dictate ESG, all this incredibly destructive ideas and concepts emanate from all these intellectuals, the intelligentsia, right, around him, and then he comes up with it, and he's the great prophet of this. | ||
| Larry Fink is a clown, a dangerous clown. | ||
| And we're going to make him famous, because Larry Fink's one of the guys that has to be confronted. | ||
| And this gets to all this donor class, the big donor class, also in back of the Republican Party. | ||
| Larry Fink's not that. | ||
| He's a, you know, he's a hardcore, you may lie about it, he's a hardcore Democrat. | ||
| But this is, you know, populisms, the inflation problem is because of populism. | ||
| Inflation problems because of populism. | ||
| Well, Larry, why don't you address Russ Vought's budget? | ||
| Because this appropriations, this budget, the spending of money, this is a – the populists don't want to feed the beast and they don't want to feed dangerous clowns like you who are in business with the Chinese Communist Party. | ||
| Let me give you some long-termism. | ||
| Right? | ||
| Coupled with some short termism. | ||
| Ask Lao Bai Jing about Larry Fink. | ||
| Ask Lao Bai Jing, the enslaved people of China, about Larry Fink and the oligarchs on Wall Street. | ||
| We'll get into all that 5 to 7 back here. | ||
| We're going to be lit today. | ||
| As every day. | ||
| See you back here at War Room at at 5 p.m. | ||
| Until then, make sure, by the way, go to TPUSA. | ||
| You get Charlie Kirk up next. | ||
| TPUSA.com slash War Room America Fest. | ||
| I want it's a call to action. | ||
| I want everybody to show up. | ||
| We want to meet everybody. | ||
| We want to hang out. | ||
| We also want you to be around the show while we're putting together the year end in the beginning of a new dawn in 2023. | ||
| OK, see you back here at five o'clock. | ||
|
unidentified
|
Just watch and see. | |
| It's all started. | ||
| Everything's begun. | ||
| And you are over. | ||
| Cause we're taking down the CCP! | ||
| Spread the word all through Hong Kong. | ||
| We will fight till they're all gone. | ||
| We rejoice when there's no more. |
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