March 11, 2023 - Bannon's War Room
48:57
Participants
| 
| Speaker | Time | Text |
|---|---|---|
| This is the primal scream of a dying regime. | ||
|
unidentified
|
Pray for our enemies, because we're going medieval on these people. | |
| Here's one time I got a free shot at 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 lie? | ||
| Mega Media. I wish in my soul, I wish that any of these people had a conscience. | ||
|
unidentified
|
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
|
War Room. Here's your host, Stephen K. Band. | |
| Okay, welcome. It's Saturday, 11 March, Year of the Lord 2023. | ||
| I have Richard Stern from the Grover-Herman Center. | ||
| For the federal budget over at Heritage. | ||
| And I just got to say, Kevin Roberts, what he's done with this new team over at Heritage is pretty amazing. | ||
| Richard, I want to have you on because I've got to ask you, you know, we've been covering the details of the budget. | ||
| We've had you on before talking about how you get to a balanced budget. | ||
| I want to make sure everybody in this audience, because our audience is the head of the creditors committee of the country and about the debts and all that. | ||
| You know, I don't study the federal budget for a living. | ||
| You know, we have it up here on the show. | ||
| I think I'm pretty knowledgeable about it, pretty knowledgeable about capital markets, given my former profession. | ||
| But that's what I wanted to have you on to ask you. | ||
| When we're sitting here and we're talking about, are you going to negotiate? | ||
| No, he's not. His opinion is, you know, you've got to have the full faith and credit. | ||
| And I'm not even going to talk to McCarthy and these MAGA Republicans are so radical. | ||
| Talking about the budget and the CBO puts out this report that we're going to have along the current track. | ||
| It'll be $19 trillion added to the 32. | ||
| We won't take one penny off at over $50 trillion of debt next 10 years. | ||
| And Biden comes out with a budget with a top line of six point eight trillion dollars. | ||
| Is that just up in your grill? | ||
| Because it shows not only no effort to make any kind of cuts or to meet people reasonably, but they're pretty dramatic increases. | ||
| And they're basically telling you, hey, we're in charge. | ||
| Suck on that. Is that do you take it the same way I take it? | ||
| Because you're a professional and do this for a living, sir. | ||
| Oh, absolutely. Well, and in fact, I wish I had the kind of release of not having to do this every day, day in and out, but you're right. | ||
| This is terrible. You know, I've been telling these people so far, this is the work of a madman, pure and simple. | ||
| This budget has not just close to $7 trillion of spending next year, the way you're talking about it. | ||
| It has almost $5 trillion of tax increases, $4.7 to be exact. | ||
| That is $35,000 in tax increases per family in America. | ||
| That's insane. We're teetering the edge of a recession. | ||
| We're dealing with stagflation levels of inflation. | ||
| This is Biden's best attempt to fix the economy? | ||
| Is a saddle us with an unprecedented level of tax increases? | ||
| It's insane. When you think of this administration, you think of Biden, you normally think of corruption, you think of incompetence. | ||
| This is competent corruption. | ||
| That's what this is right here. | ||
| Let's go back to it because we can talk about the tax. | ||
| As you know, I'm a populist, so some of the tax increases against our bettors that hate us, I may not have a problem with. | ||
| What I do have a problem with, and correct me if I'm wrong, when they say he's bringing the deficit down $3 trillion or $5 trillion, There is no evidence in the math they showed us that shows you he's bringing the deficit down by any cuts in spending. | ||
| It's only through tax increases. | ||
| Am I structurally correct about this? | ||
| Absolutely. And in fact, about 40 % of the tax increases are covered by new spending. | ||
| There's an enormous amount of Overall new spending in here. | ||
| I'll say one other part to that as well. | ||
| Nominally, he's saying that he's going to tax people, the elites that are pushing CRT and wokeism and are propagating the border crisis. | ||
| But here's the rub. When you look at all that new spending that's in there, most of that are handouts to those elite groups. | ||
| So what they're doing is they're putting taxes on the board that hit everybody. | ||
| And then they're putting subsidies on the board that make up for those taxes to their friends that are pushing their agenda and all of this other stuff. | ||
| It's a racket. All of it's a racket. | ||
| I want to go back on the CBO. The CBO thing was shocking enough, and I think that got people's attention because that's not Heritage or Breitbart. | ||
| They're center-left. | ||
| And I think it rattled people because it showed you, in fact, they are going to have $2 trillion in perpetuity deficits. | ||
| This is going to have to be financed by just printing money because there's no other way to finance it. | ||
| And you get to $19 trillion. | ||
| Is there is this put us on a steeper because I've seen New York Post and some other analysis that come out. | ||
| Does this put us under a steeper, even a steeper slope to have even more than another twenty trillion dollars added to that? | ||
| Because, you know, these tax increases are not going to because a lot of these are Democratic donors. | ||
| So the tax increase is not going to go with his spending. | ||
| How bad can it get as you look at this? | ||
| Here's the thing on this. | ||
| We're already seeing globally high rates of debt, not just from governments, but from individuals, from businesses. | ||
| We're already seeing dramatically spiking interest rates, inflation rates. | ||
| All of that is the economy, not just here, but also across the globe. | ||
| Crying out to governments, not just ours, but all of these elitists, saying, stop. | ||
| Stop printing money and devaluing our savings or paycheck. | ||
| Stop spending money we don't have. | ||
| Stop stealing from hardworking Americans just to fund these giveaways to every friend they've got. | ||
| So you're right. That extra spend that he's put in there, it just pushes us much further to the fiscal cliff. | ||
| When you do the math out, what you see kind of on paper is we've got 20, maybe 25 years left. | ||
| And so we are absolutely out of ability for the government to just suck the oxygen out of the economy. | ||
| But people aren't dumb, contrary to what Biden and the left thinks. | ||
| So we're not going to wait. | ||
| No one is going to give the government 20 or 25 years to actually take all the oxygen out of the room. | ||
| The inflation, the interest rate spikes, that's already the market already adjusting to the reality that politicians in D.C. are right next to the cliff and happy to push it off of us. | ||
| So the truth is, I don't know when that end is coming, but this extra trillions of dollars he's spending that you're talking about pushes us dangerously close to that level. | ||
| Who knows when the market will just pull the rug out from under us? | ||
| So I want to go to your work because you've got the bid and the ask, right? | ||
| You've seen what Biden's put forward, which is $6.8 trillion in this fiscal year, which is quite frankly mind-boggling, almost $7 trillion. | ||
| What is the heritage plan? | ||
| You've worked on this to get to a balanced budget. | ||
| So if you're saying, hey, that's Biden, but we've got to put it over there because it's the work of a madman, I think you called it. | ||
| What would then be the Grover Herman Center for the study of the federal budgets? | ||
| What would be your plan? So we already have our last budget proposal out. | ||
| We're going to put another one out this year as well. | ||
| Obviously, they're pretty similar to each other because we've got a lot of good things already in there. | ||
| So we actually cut $16-plus trillion of projected federal spending. | ||
| That sounds like a lot, and it is, but we actually don't have to go through and slash and burn. | ||
| All you have to do is slow the growth rate, put in good reform so these programs actually make sense, and get rid of the programs. | ||
| They're just giveaways to the rogue-left To their establishment, to bureaucrats, giveaways to every industry group that supports Bidens and gets liberals elected to Congress. | ||
| Doing that alone is enough to cut that kind of spending level. | ||
| Not only does that balance the budget, not only does it avoid the fiscal cliff, but it actually allows us to put $3.25 trillion of tax cuts in our proposal on top of that. | ||
| But not just cuts, they're reforms to the system. | ||
| Reforms that mean that when Americans work hard, when they dream, when they build a business, when they want to build assets for the future for their children, they can. | ||
| And that we have an economy that grows for everybody and gets back to that kind of dynamic economic environment that built this country and built the American middle class. | ||
| So that's our plan. | ||
| It's out there. Biden and everybody else can see it. | ||
| And we're going to make sure everybody sees this. | ||
| We'll push it out of everything. Just explain to me. | ||
| Help me out here with the math. | ||
| If they propose $3 to $5 trillion of tax increases, and you're proposing $3 trillion of tax cuts, that's a pretty big spread. | ||
| How does that work? | ||
| In that you're able to additionally take $16 trillion of spending out and get to a balanced budget, which they don't even come close to doing, right? | ||
| Because their $3 to $5 trillion still leaves you, what, $15 trillion short. | ||
| And with their spending increases, it'll be much more. | ||
| How does the mechanics of your work, how can you have these, are you assuming higher growth rates given the tax cuts you got? | ||
| Is there some mathematical formula here I'm missing? | ||
| So we're actually not even doing that. | ||
| But to your point, we actually think that if you did the things we did, the economy would probably grow by 10 % or more over a 10-year period of time. | ||
| That's, by the way, 10, 15 grand, something in that ballpark of higher annual income on average for households in America. | ||
| But we're not even using that when we say that we balance. | ||
| So one thing is by cutting that much in spending, For the programs, you save a lot on interest costs, right? | ||
| Because you're not loading up this debt, you're not having interest costs that are going to eclipse the Defense Department in just a couple of years, things of that nature. | ||
| And then beyond that, beyond kind of that straight math on it, absolutely, by cutting taxes, by letting people keep the money that they earn, by giving them a tax system that actually rewards saving, that rewards building a business, You're going to get a vastly larger economy. | ||
| You're going to get more natural revenues that way, but at lower tax rates in a way that is actually respectful of everybody's God-given rights to life, to liberty, to their property, to the things that they worked hard over. | ||
| So that's our plan, and that's how it works that way. | ||
| And it's not just to make the federal balance's pocketbook look good. | ||
| It's actually to help Americans. | ||
| It's to allow Americans rights to what they worked hard to produce. | ||
| Besides just the math, And you've got the woke and weaponized funding in here. | ||
| Isn't their concept—and this is the thing I think the American people have to pull the camera back and kind of grasp—their concept is an all-pervasive—this is the administrative state mathematically because this is an all-pervasive— federal government that just now is feeding on itself as far as growth. | ||
| Is that what they show when they said that they show us a 6.8 train this year and with these kind of growth rates they've got in federal spending with not one cut, sir? | ||
| Absolutely. This is putting to your point that Leviathan, the government bureaucracy, in the driver's seat of the entire U.S. economy and really all of U.S. society. | ||
| The numbers on the page we look at for budgets, whether it's ours, Whether it's what the Republican State Committee puts out in Congress or the Freedom Caucus or President Biden's, the numbers portray something else, which is the values of the people that write to the budget. | ||
| So the numbers may look cold on paper, but those spending increases you're talking about, that weaponized woke bureaucracy that they're funding, that will permeate into every aspect of our lives, our values, our morals. | ||
| It will drive the campaign they've been pushing to separate parents from children. | ||
| And to have the state replace parents as the people that are raising our children and directing society. | ||
| The way to do this is we're going to have to have, I mean, this is going to lead to a political confrontation, there's no doubt, because Biden's saying right now there's nothing to negotiate. | ||
| You guys can't mess with the full faith and credit. | ||
| There can't be anything but a clean lift to the debt ceiling. | ||
| But here, this throwdown, I mean, you can't do this because they're not rational. | ||
| I said it in the show yesterday on Friday, you're not dealing with adults. | ||
| You're not dealing with serious people. | ||
| Do you agree with me before we go to break that this is not the work of serious people? | ||
| This is a political document that's just up in your face about what they're trying to accomplish, the overarching, because you can't take it. | ||
| Given the financial crisis we're in, you can't take this seriously? | ||
| You're absolutely right. | ||
| As we've talked about, to me, this looks like the work of madmen, but that might be kind, frankly. | ||
| To your point on this, they want chaos, right? | ||
| They recognize that there's political gain for any large central government bureaucracy when there's chaos. | ||
| That's clearly what they want. | ||
| The other side, the conservatives, people that I work with at Heritage, we have done the serious work of demonstrating how you respect Americans, how you grow our economy, and have a government that does the things the government's supposed to do, and only that. | ||
| What they've put out is exactly what you're talking about. | ||
| It's a non-serious bid to just cause chaos, to sow distrust, and to throw us into a panicked situation. | ||
| And then the really thing, they're trying to do a class war, but it's against the working class and middle class by this kind of donor class. | ||
| And then they got the fake taxes, which will never pass. | ||
| I mean, I told some guys, we had guys up here on Thursday when this thing first came out. | ||
| I had some Congress people and some other guys we were sitting down with, and I said, McCarthy ought to go and call Congress in, the House in, pass every one of the tax cuts they want, every one. | ||
| Tax increases. | ||
| Pass them all, send it to Schumer, and dare him to pass it because he won't. | ||
| It's totally performative, a lot of it, just to sit there, because they're not going to pass these. | ||
| The ones that are going to pass are in the middle class. | ||
| Richard, can you hang on for a second? | ||
| Because I want to get down into the practicality of how we take your work and inform. | ||
| One of the things I'm concerned about, I don't see consistency in messaging from the House Republicans now. | ||
| And one of the reasons I don't see consistency messaging, I'm not sure they fully grasped the totality of this. | ||
| And that's why you're so important over at Heritage. | ||
| We're going to take a short commercial break. | ||
| Richard Stern is going to join us on the other side as we try to get our arms around. | ||
| Really, as we've done all day today on the show, the coming Third World War. | ||
| It's not a gathering storm. | ||
| The storm is here. | ||
| And a lot of that storm is manifested in these numbers in Biden's budget that he put up in your grill on Thursday. | ||
| Okay, short commercial break. Okay, I want to show you a tweet from yesterday, from Friday, President Biden. And Richard, I'd like to get your response to this. | ||
| This is from the President of the United States. | ||
| Quote the President of the United States, the head of the illegitimate regime, as we say here in the war room. | ||
| And I'm just going to quote from his tweet. | ||
| Extreme MAGA House Republicans are showing us what they value. | ||
| Tax breaks for the rich. | ||
| They demand the biggest Medicare benefits cut in decades, ship jobs overseas, defund law enforcement, devastate our national and border security. | ||
| It's a gut punch to the middle class. | ||
| Brother Stern from Heritage, is there any word, comma, anything of truth in that tweet from Joe Biden, sir? | ||
| I believe he protests too much, as they say. | ||
| All of that is probably a better description of what he believes in. | ||
| So for everyone watching and listening, I want to make it very clear. | ||
| Biden's Social Security plan is a 23%, almost a quarter cut in benefits for everyone on the program. | ||
| His plan for Medicare is insolvency and bankruptcy, which is also his plan for the rest of the country. | ||
| There's no truth to that tweet. | ||
| I'm glad you brought it up here. | ||
| What it highlights here is that the thing that Biden does have is confidence to boldly walk out to the American public, lie between his teeth, and throw under the bus they're trying to do the hard work of actually doing the things that would save the country. | ||
| I do have the complicated situation we're in right here. | ||
| Okay, so here's what, and I've noticed, and look, there are many, not conflicting, but clearly the populist nationalists have a difference of opinion slightly on the margins with some of our more conservative brethren on economics. | ||
| But what I've noticed is that they march in unison, right? | ||
| And that's where they can put up a $6.8 trillion with no cuts up in your grill. | ||
| And everybody gets in the back of that message. | ||
| And they put out a complete line of that. | ||
| Every line, letter, word, and comma and period in there is a lie. | ||
| But they all get in back of it and the business media, the corporate business media and MSNBC and CNN and the New York Times all fall in like a phalanx and support it. | ||
| On our side, I think we have a messaging problem, but most importantly, I keep telling people, I think we have a comprehension problem because we're at a scale of this problem. | ||
| And I talk to people, good people, and they want to go into a program and cut out the waste, fraud, and abuse or some of the woken weaponized, which I realize it's got to do. | ||
| But it misses the totality of what we're talking about and the scale of what we're talking about. | ||
| So help me out here. Do you think we have a comprehension problem? | ||
| Because until you comprehend it, you can't message it. | ||
| Right? And clearly, I think it's unquestioned that right now we're always on our back foot on this thing. | ||
| And this is why there's so much compromise and why the Leviathan keeps growing. | ||
| Brother Stern. And to your point, if you can't comprehend, if you can't distinguish who the enemy is, how can you show up at the right battlefield? | ||
| I think you're right. And it's not just that a lot of conservatives don't comprehend who the other side is or what they're trying to do. | ||
| They're missing the forest for the trees. | ||
| They're missing the trees, right? They don't understand that what's happening is this unified front, as you say from the inside, that isn't just padding on waste, fraud, and abuse. | ||
| It's all abuse. This is all a coordinated effort on their side. | ||
| We have whole programs. | ||
| Most of the new spending that Biden's got in his budget isn't just padding this or padding this. | ||
| It's all stuff that goes to feed their leviathan, their machine. | ||
| What we need conservatives to do is to march in unison. | ||
| And here's really what this is. | ||
| When you look at everything the left does, they have a unified vision of what they believe is right. | ||
| It's not traditional American values. | ||
| In fact, it's absolutely 180 degrees from American traditional values. | ||
| But they believe it. You look at conservatives, and mostly it's the beta version of the Democrats. | ||
| We spend, we tax, we regulate. | ||
| We just do it slightly differently and slightly less than the other side does. | ||
| That doesn't really give an opposition party, it doesn't really demonstrate a firm command and control and conviction in traditional American values. | ||
| Without that, what good is there having another party in Congress? | ||
| Well tell me, so what would be your recommendation? | ||
| How do we get people, first off, you know, Russ Vogt's trying to do it, you're trying to do it. | ||
| What would be your recommendation? | ||
| Because I'm going to get to the negotiation part of it with Biden and McCarthy. | ||
| What is your recommendation to people to actually get everybody on board, right? | ||
| And not that they have to totally agree about every item in here, but they actually understand that to get to a balanced budget, we have to thwart this in negotiations, but here's what we're going to have to do programmatically. | ||
| And there's going to be some pain, and this is no doubt about it. | ||
| It's not a freebie. | ||
| How do you first off, and how at Heritage are you guys trying to get people on board so they understand the content of this? | ||
| Absolutely. So I think the most important thing, honestly, is what we were just talking about. | ||
| We need to get conservatives to understand what's at stake, right? | ||
| So a lot of this is hard, but frankly, you said this before, Democrats will put up tax increases they would never actually vote for because they have that much conviction. | ||
| And the underlying values that went forward and the vision that they have. | ||
| We will lose if conservatives don't understand that they are conservatives, that that means being there as a champion for traditional American values, for hardworking Americans that keep what they produce. | ||
| That's the first step we need. | ||
| The rest of it is mechanics. | ||
| It's the deep kind of math of where the government spends on this or that. | ||
| The truth is you can slow the rate of growth of federal spending and not cut massive parts of the government and still get to balance. | ||
| I would like to cut large parts of it because those parts are just handouts to the woke, to the CRT kind of left, the Green New Deal left, but you don't even need to do its imbalance. | ||
| We need to inspire conservatives to stand for the values, to stand for those hardworking Americans that every dollar federal spending has taken from forcibly. | ||
| How do we do that? Particularly people under, this is most disturbing, people under 35 that lean and support, and obviously it's much bigger than the MAGA movement, much bigger than the conservative movement that support this. | ||
| In Biden's 6.8%, they keep talking about growth. | ||
| It's 6.8 trillion. | ||
| If you pass this and what goes afterwards, You're going to crush growth. | ||
| Not just the crowding out of capital. | ||
| You're going to have growth under 2 % in perpetuity. | ||
| You're going to have the lost decades that Japan has had. | ||
| And people under 35 or 40 years old are essentially going to be Russian serfs. | ||
| Because the millennials, the debt is exploding. | ||
| I think it's $9 trillion in debt today. | ||
| And you see these interest rates. | ||
| It's just going to eat them alive. | ||
| How do we convince people that The spending is not to your benefit. | ||
| In fact, if you go down this path, you're going to just take away the basic vital energy and animal spirits of the American economy, and we're going to end up like places like Japan that have high interest rates, low growth, the classic kind of stagflation recession continually, and you can never break out of it because now you've actually walked into the trap. | ||
| Where you got to continue to spend? | ||
| What's the best way to convince particularly young people? | ||
| Because if these budgets get passed, it's game over. | ||
| The numbers are so big. | ||
| You really can't unwind this. | ||
| That's why this is a decision point right now. | ||
| We have to take our stand now or it's kind of game over. | ||
|
unidentified
|
Richard Stern. This is definitely the linchpin moment. | |
| So the thing we got to do is deconstruct the left's narrative. | ||
| And really at the heart of it, their entire philosophy comes down to one thing. | ||
| They view humans as parasites. | ||
| If you listen to all of their messaging, what they're saying is that humans destroy the land, steal the resources, ruin the climate, take from each other. | ||
| If you listen to them, what they tell you is, elect us, a group of philosopher kings that know everything, that can run your life better than you can. | ||
| And what's happening, to your point, is the younger generations are falling victim to us. | ||
| They're being indoctrinated in the universities and the media that are getting government handouts from these woke bureaucracies. | ||
| They're teaching people that they can't do, that they can't build. | ||
| To your point, and we were talking about this earlier, the U.S. was built by people that understood the exact opposite, that understood the reality. | ||
| Everything we have was something that was done by a person who worked hard, who dreamed, who innovated, who figured out how to do things that weren't good, not just for themselves, but good for all of society. | ||
| Things like nuclear families, our religious institutions, all of these are under attack because the left has slowly but surely created this narrative that people are the problem. | ||
| That's the thing we have to counter. | ||
| We have to go back to these people and say, no, you can build, you can dream, you can do. | ||
| What they are trying to do is sap you of your strength, of your God-given right to be who you want, to produce what you want, and to build the future you want. | ||
| You don't have to listen to the bureaucrats. | ||
| You don't have to listen to their warped moral structure. | ||
| You know best how to run your own life. | ||
| We need to say that, but I'll tell you the other part of this. | ||
| It's not just about convincing them that. | ||
| It's about convincing conservatives in office that that's true. | ||
| They go out there and have these lacking in confidence statements. | ||
| Who's going to follow it? | ||
| We need to convince the conservative leaders first to go out there and to passionately defend that value. | ||
| How do we do this? I mean, this is kind of your mandate at Heritage. | ||
| How do we do that? | ||
| I want to find out the answer to that before we talk about negotiating strategy. | ||
| How do we do that? How do we get people's confidence up and an understanding of the math and back of that that gives them more confidence that we're on the right path? | ||
| Absolutely. So one of the things that I'm sure will come to no surprise to you, Heritage Foundation, my team in particular, knows a lot of people that were congressional staffers. | ||
| We talked to a lot of members directly, and we say these sorts of things. | ||
| We give them these kind of talking points. | ||
| One of the things that we were honored to do is we've been talking to congressional staff from both the Republican Study Committee and the House Freedom Caucus, as well as many others, talking through with them some of those leaders who They're putting out good, solid statements to this effect. | ||
| We've been honored to work with them on shaping part of that and being involved in the process. | ||
| And that's how you do it. And again, of course, we've got public publications that go out to everybody, but it's also that work inside the halls of Congress to help beef up the members and the staff as well. | ||
| Richard, can you hang on for a second because I want to take a short break. | ||
| I want to come back. I want to talk about how we're actually going to negotiate this because Biden has said from the beginning, we have nothing to talk about, right? | ||
| We literally have nothing to talk about. | ||
| The Republicans have demanded significant cuts to federal spending programmatically to take things off the table. | ||
| Biden says, I'm not going to do that. | ||
| You must increase the debt ceiling with no attachments whatsoever. | ||
| Now, We have argued on this show what we need to do is get in a room and get at least an agreement of what the math is. | ||
| So he did say the other day in Philadelphia, hey, I haven't seen anything from McCarthy. | ||
| I'm putting forward my numbers. | ||
| Let's see his numbers. CBO's come out with something. | ||
| So now you actually can have an informed debate. | ||
| It's not going to be perfect because nobody totally agrees on these numbers, but at least directionally you can. | ||
| Richard Stern from Heritage. | ||
| He's the head of the Federal Budget Project over there. | ||
| He's going to walk us through how we try to sort this mess out. | ||
| And let me just tell people, this is going to be one of the battles of the ages because Biden and these guys are not going to back off one inch. | ||
| And I can tell you why. They wouldn't have put 6.8 trillion up in your face if they were going to waver it all. | ||
| Short commercial break back in the warm in just a second Here's your host Stephen K band Okay, welcome back I want to bring in Congressman Matt Rosendale. | ||
| Congressman, we're going to get back to Richard Stern in a second. | ||
| Sir, we've been talking this morning about the geopolitics, world events, what's happening obviously with Saudi Arabia, Iran, the Chinese Communist Party putting it together. | ||
| We focused on Ukraine earlier. | ||
| But I've got to ask you this budget. | ||
| We've had Richard on for the better part of this hour. | ||
| And the $6.8 trillion. | ||
| You know, Biden said I'm not going to negotiate. | ||
| There can't be any cuts. You've got to pass a clean debt limit. | ||
| And then they come up with $6.8 trillion, spending increases everywhere, I think a 5.2 % raise for federal employees, plus increases everywhere. | ||
| Not one cut to any government program. | ||
| What is your first assessment? | ||
| Of this budget from Biden, and what do your constituents back in Montana think about it, sir? | ||
| No, they're just not going to go along with this, Steve. | ||
| There's no way that you can go from 2019 numbers which included about $4.4 trillion in spending with $3.5 trillion in revenue coming in and now over the last four years increase that to $6.8 trillion in spending. | ||
| One thing I do find interesting actually is the fact that revenue has grown. | ||
| Okay, to $4.9 trillion over the $3.5 trillion, which was revenue, at the exact same time that the Democrats all screamed, you're giving tax cuts and there's no way that you can generate more revenue when you're cutting taxes. | ||
| And this once again proves that that is exactly what happens. | ||
| You stimulate the economy. | ||
| And it's a good thing. | ||
| But that's another story. | ||
| Right now, what we are looking at is what they're requesting is another $1.9 trillion to be added to the national debt, which would put us up in the neighborhood of about $33.5 trillion. | ||
| And that hole is getting so big that I just don't have an excavator large enough to fill it back up again. | ||
| We cannot continue to do so. | ||
| We know that it exasperates the inflation problems. | ||
| We know that it devalues the dollar, and the people across the state of Montana are just not going to support that. | ||
| But it's in your face. | ||
| You just mentioned the deficit is 1.8, 1.9. | ||
| I mean, you do the CBO math, and on Biden's plan, even with this tax increases, if they went through, which they would never go through, because the Democrats even lying about that, they don't even support most of these. | ||
| It's so outrageous. You're at $50 trillion within the next 10 years, and interest rate has exploded. | ||
| This thing is so over the top. | ||
| How can you in the House even negotiate in good faith? | ||
| Because we're hurtling towards a massive issue around the appropriations bills and then the negotiation of the debt ceiling. | ||
| But when somebody comes and puts this up in your grill, That is Richard Stern, and Richard's hair is never on fire. | ||
| He started this hour by saying, this is the work of a madman. | ||
| How do you even start to have that negotiation, Congressman Rosendale? | ||
| We're going to try and bring them back to reality. | ||
| I think what you will see is when we return to Congress in about two weeks, that we're going to have a list of places where we're going to be able to claw back some of the outrageous and outlandish money that was put aside for COVID spending that was never utilized. | ||
| We're going to go through the agencies and find all these duplicative programs. | ||
| We're going to find the New Green Deal programs. | ||
| We're working on those lists right now, and so we're going to present that as a group. | ||
| It'll probably be the same 20 that you're becoming very familiar with, headed by the six who you're very familiar with. | ||
| That are going to propose that and try to lead the country into a place of sanity and reality of the things that we have to address and the things that money is being spent on. | ||
| We're going to highlight it, things that money is being spent on that the average taxpayer is just not going to agree with, and they will support us. | ||
| In removing that spending from the budget, and what we're hoping, Steve, is that's going to put us in a place where the debt ceiling doesn't have to be increased anytime soon, and then we can have this discussion about the appropriations bills, and we will deliver the 12 appropriation bills this year, and that's where you're going to have a discussion about where money really needs to be spent. | ||
| Okay, so you're saying the Magnificent Six, which you're part of, that saved the country in the first four or five days of the new year, and the Mighty 20, your guys' backup, that you guys are going to come up with a plan and convince McCarthy in the conference that, hey, we've got to come in hard on this thing. | ||
| I'm breaking news here that this is essentially... | ||
| In the next couple of weeks, you guys are going to come back because Biden specifically talked about you in Philadelphia. | ||
| You are the radical MAGA Republicans that want to destroy the nation. | ||
| So you guys are going to come back and convince McCarthy and these guys to put some steel on their spine? | ||
| I think that they're looking for us, too. | ||
| I think it puts them in an outstanding position to be able to say that a segment of the conference has developed this plan, and it is realistic. | ||
| A lot of the country is going to support it, and it makes it easier for them to try and embrace it. | ||
| It won't be perfect. | ||
| We can have conversations about where we need to make some changes, but we are absolutely going to change the trajectory of where this country is going when it comes to spending And deficits. | ||
| Richard Stern has dedicated his professional life now and Russ Fodor with some of these two individuals have dedicated with their teams to get us to show us how we get to a balanced budget. | ||
| Will your proposal that you get McCarthy to sign off on in the conference that we engage with the Democrats on, will it be something that shows us a path to a balanced budget, sir? | ||
| It will, Steve, but I will tell you what I'm more focused on. | ||
| The balanced budget is always this far-reaching 10-year plan, and what we have control over is the next two years. | ||
| And that's why instead of making promises about where we're going to have adjustments and cuts and reductions in year 9 or in year 10, we're going to propose those in year 1 and year 2 so that people really know that it's going to happen. | ||
| Wow. So you're saying, hey, right out of the box, we're going to show you we're going to have real cuts, not slowing growth rates of a federal, right out of the box. | ||
| I love it. Let me pivot. | ||
| You've got to start somewhere, right? | ||
| And I noticed Matt Gaetz in this historic vote on military use in Syria. | ||
| Right? And it's not a huge amount of money, but it's emblematic of the problem we have. | ||
| And you voted for Brother Gates, but you guys were outvoted, I think, 312 to 103. | ||
| You had basically 48 Republicans. | ||
| Tell us the importance of that vote, because honestly, I'd listened to that, watched the whole thing, and I heard McCall, and particularly Commander Zinke, who I think very highly of personally. | ||
| I was quite disappointed in the lack of intellectual rigor. | ||
| And their arguments to continue to participate in that. | ||
| Can you walk us through your thinking and your vote? | ||
| I can. It's pretty easy to me. | ||
| We have seen over the last several decades the consolidation of power, and this is the exact same argument that we had about the speaker's race and about the rules that we needed to get reformed so that the floor would have proper conduct, that everyone could participate, to reclaim Congress's power. | ||
| And so I look at this in the exact same way. | ||
| Number one, The founders never intended for us to get in these conflicts around the world. | ||
| We are not supposed to be the world's policemen. | ||
| We are supposed to be engaged in a conflict if the American citizens or our interests are in danger. | ||
| That is it. And so to continue to get engaged in conflicts around the world is wrong. | ||
| So what they have done, Congress developed this other tool that they have transferred this authority over to the executive by issuing these authorization to use military force, AUMF. And so when they don't feel like voting to authorize or declare a war, | ||
| They utilize this other tool, authorization to use military force, and it allows the executive to make decisions about what level of force, where it's going to be utilized, and how much money is going to be spent on it with a little bit of support from Congress. | ||
| And so what it does is it allows the executive to engage in these operations around the world for extended periods of time, and they're wrong. | ||
| And that's why Congress needs to reclaim that authority back as well. | ||
| Your constituents up in eastern Montana have, you know, a number of patriots, veterans, parents of kids that are serving in our armed forces. | ||
| Do they have your back on this, do you think, sir? | ||
| They absolutely do. | ||
| I've heard from veterans across the entire state, Steve, and what they do is understand that we are not supposed to be engaged in these conflicts. | ||
| They are extremely patriotic. | ||
| Montana was voted the most patriotic state in the nation last year. | ||
| Nearly 10 % of my entire population is veterans. | ||
| The tribal communities have an even larger per capita basis of veterans that are serving. | ||
| This is an incredibly patriotic group of individuals that live in Montana. | ||
| But I'm telling you that they know that we're not supposed to be engaged in conflicts around the world, and they know that the president is not supposed to be able to engage in these by executive fiat. | ||
| This is a preamble or an appetizer for the real one, which is Ukraine. | ||
| When is the House Republicans going to force Biden to come? | ||
| And I'm not saying the War Powers Act is constitutional. | ||
| That should be, to me, fought in the courts. | ||
| But at least to have him come forward with what is the plan in Ukraine? | ||
| What is the objectives in Ukraine through some sort of War Powers resolution? | ||
| When are we going to have this same debate? | ||
| You had it about Syria. I thought we won the debate hands down. | ||
| It's a great marker for the future. | ||
|
unidentified
|
But what are we going to do about Ukraine? | |
| We're making progress. | ||
| I was so thrilled to see that we had 103 members to vote to support Representative Gates' resolution about Syria. | ||
| That was a big number. | ||
| Quite frankly, I was anticipating we were probably going to have 40 or 45 Votes on that one, Steve. | ||
| So to get 103, that's big. | ||
| So that shows that people are getting fatigued. | ||
| They recognize that we're not supposed to be engaged in all these conflicts. | ||
| They are recognizing that we cannot continue to have just an open checkbook policy for Ukraine. | ||
| And so I think that we're starting to win over these mines. | ||
| Talk to me about, I know you're working nonstop on veterans. | ||
| Tell us about what's going on there. | ||
| Right now, I'm on two great committees. | ||
| The Technology Modernization Committee, which looks at all the IT programs, the electronic health record system, and I'm also serving on the Oversight Committee and investigations. | ||
| Right now, the Veterans Administration receives $300 billion. | ||
| They're the second-largest agency, and not enough of that revenue is going to deliver medical benefits to our It's just not. | ||
| And so we're performing a lot of oversight to make sure that all of these dollars are being used properly. | ||
| And we are uncovering places where they're not being used right. | ||
| I know that you saw the story that came up just last week. | ||
| It's a minor side story, but it demonstrates some of the problems with the Veterans Administration. | ||
| I had one of the veterans go into one of the facilities and was declined to be able to have his service because his healthcare taken care of because he refused to wear a mask. | ||
| The pandemic newsflash is over. | ||
| Even the president declared it over, and now he's picked his arbitrary date of May the 11th when he's going to roll back these mandates, and it's absolutely ridiculous. | ||
| And so I contacted the Veterans Administration and said that we want to have all of these mandates removed. | ||
| We want our service members to be able to go in there and our veterans to get their healthcare treatment without being harassed like this. | ||
| And so they have resolved this issue, but there's a lot more than that. | ||
| And we're going to keep digging. | ||
| Congressman Rosendale, how do people get to your social media, where they go to your website, find out more about you, sir? | ||
| Thank you so much. It's at RepRosendale. | ||
| You can follow me on Twitter. | ||
| You can follow me on my social media, Gitter, Facebook, at RepRosendale. | ||
| And we've got plenty of information there for you. | ||
| And you can reach out and either give us feedback or ask questions. | ||
|
unidentified
|
Thank you so much. Great stand on the budget. | |
| Great stand on Syria. Great stand on Ukraine. | ||
| Congressman Rosendale, thank you very much for joining us. | ||
| Short break. Thanks for having me on. | ||
| We're going to get back into what Matt Rosendale's talking about in this budget. | ||
| We're going to get into it with Richard Stern. | ||
| Short commercial break. Back in a moment. | ||
|
unidentified
|
It's all started. | |
| Everything's begun. | ||
| And you are over. | ||
| Because we're taking down the CCP. Getter has arrived. | ||
| The new social media taking on big tech. | ||
| Protecting free speech. | ||
| And canceling 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, we're going to be in Getter all weekend. | ||
| Make sure you catch up with us. | ||
| We're going to have breaking news, analysis, maybe do some live streams. | ||
| So make sure you download. It's totally free. | ||
| I'm an idiot. I can use it. | ||
| That means it's easy for you to use. | ||
| Let's do it. Also, you know, we don't get a lot of time to sleep around the world because we're on this 24-7, seven days a week. | ||
| Make sure, but we get great sleep. | ||
| Why? Because we use the products of MyPillow. | ||
| MyPillow 2.0 is out. | ||
| You buy one, you get one free. | ||
| This is a revolutionary pillow that will change the way you sleep. | ||
| Go to MyPillow.com, promo code WARROOM to get all of the products. | ||
| There you go, what's called our square. | ||
| You'll see all the discounts, all the buy one, get one free, all the sales on every sleep product you need. | ||
| But particularly right now, we just launched with Mike Lindell the MyPillow 2.0. | ||
| This thing will change the way you sleep. | ||
| You will sleep the sleep of the just on the products of MyPillow. | ||
| Go to the day, check it out, MyPillow.com, promo code WARROOM, buy one, get one free on the new launch of the MyPillow 2.0. | ||
| Oh, also... | ||
| We talked this morning earlier and we talked obviously at the end of the week about the situation with Persia, Iran, Saudi Arabia with the Chinese Communist Party to really get off the U.S. dollar. | ||
| I've just put out the third installment with Birch Gold. | ||
| Go to birchgold.com slash Bannon. | ||
| Go there right now and you get my third installment on the end of the dollar empire. | ||
| This is called The Debt Trap. | ||
| You've got to read this to fully understand exactly where we're heading today. | ||
| With this negotiation over the debt limit and the debt ceiling, remember, you're the chairman of the creditors committee. | ||
| Get up to speed. There's three versions. | ||
| The politics of money is chapter one. | ||
| The end of the dollar empire is two. | ||
| The end of the reserve currency. | ||
| Number three is the debt trap. | ||
| All free. Go immerse yourself. | ||
| This is weekend reading. | ||
| You've got homework assignments. Let's get on it. | ||
| Richard Stern over at the Grover Herman Center for the Federal Budget over at Heritage. | ||
| You guys have done amazing work. | ||
| Is Congressman Rosendale right? | ||
| We got the balanced budget you guys worked through. | ||
| Is the way to do it, come in punching, get the MAGA Republicans in the House, come in and show some absolute real dramatic cuts in this budget to go counter what Biden's doing and just get into the negotiations then? | ||
| Do you think that's a logical way to pursue this, sir? | ||
| I think he's absolutely right. | ||
| If we don't lead, who will? | ||
| And the only way that we're going to be respected by Biden or inspire confidence among American voters, and as you say, the chairman of the Creditor Association that bankrolls all this, is if we lead, if we demonstrate conviction, it's the only way to do it. | ||
| To the Congressman's point as well, which I loved in that last segment, he's right. | ||
| The dramatic increase in spending has largely been the government using the emergency to grow its own powers. | ||
| When we talk about dramatic cuts to get back to that, they're not really dramatic cuts at all. | ||
| It's just going back to the government we had prior to the pandemic. | ||
| And even that was bloated. | ||
| Even that was filled with this left-wing bureaucracy. | ||
| And by the way, I will say as well, the staff on my team, myself included as well, I've done a lot of that work already helping people, congressional staffers, a lot of people that the Congress was talking about, to get those lists together, the programs we could cut entirely or cut the rate of growth they're spending on. | ||
| Remember, on Friday, and we called this on Thursday, we said it was going to happen. | ||
| On Friday, California regulators went in before the Fed and basically seized Silicon Valley Bank. | ||
| It is the second biggest bank failure in the history of our nation, okay? | ||
| And part of that's the Biden economy on the implosion of Silicon Valley, because this is the premier bank, the premier bank of Silicon Valley, all the tech guys. | ||
| But, as importantly, was the losses they took from government securities because of the Biden plan. | ||
| This is my point. $6.8 trillion. | ||
| Richard Stern is not a guy that goes to hyperbole. | ||
| He's not a guy that has his hair on fire. | ||
| When he says the work of Mad Men, it is absolute insanity what they propose, given what is going on in the capital markets of the world and with this economy. | ||
| And this is why it's got to be fought, and it has to be fought now. | ||
| Richard, I want to thank you for taking all the time this morning to go through this with us. | ||
| I want people to get immersed in all the work you guys are doing at Heritage about this, because, hey... | ||
| When the MAGA group that follows the boardroom, the posse, is the chairman of the creditors committee in this bankruptcy of our nation. | ||
| They've got to make tough calls, and we want to make sure they have all knowledge and a fully immersive experience. | ||
| Where did they go to find out more about you and your team's work over at Heritage, sir? | ||
| But you can find me on Twitter at Rich A. Stern. | ||
| You can find my team as well there as well. | ||
| And if you go to heritage.org, you'll find all of our bios there, the Herman Center, all of the stuff they put out, all the publications we put out. | ||
| And I want to thank you as well for your focus on this. | ||
| And again, we talked about this last time I was on about the Fed, about the left just printing money, devaluing everything you've worked your life for just to bankroll more of this stuff. | ||
| So it's tragic, absolutely. | ||
| By the way, the devaluations, don't take Richard Stern's word for it. | ||
| Don't take war rooms. Don't take Steve Bannon's. | ||
| Look at Iran in Saudi Arabia doing a deal with the Chinese Communist Party on these output deals to get off of the dollar as the prime reserve currency because they understand what the government's doing right now and this insanity with the 6.8 is going to be rolling devaluations on your money. | ||
| This is insanity. | ||
| It must stop and it must stop here. | ||
| Our children will never be able to look us in the eye on our grandchildren if we don't stop it here. | ||
| Richard, thank you very much. Great work over at Heritage. | ||
| Thank you for all your efforts. | ||
| Appreciate it. I want everybody to go to the other day. | ||
| So thank you so much. Thank you so much as well. | ||
| So this is what we did this morning. | ||
| And I want people up on Getter following me all over the weekend. | ||
| Look, we're in the middle of it. We're at the beginning of it. | ||
| But it's not a gathering storm anymore. | ||
| The storm is here. | ||
| Just think about it. The second biggest bank failure in the history of our nation and the California regulators had to jump in before the Fed. | ||
| Because Janet Yellen, these people in the Fed, they don't want to admit what they've done to this nation. | ||
| So we're in it now. | ||
| And you're at the place right now. | ||
| We're going to get you up to speed on all the information you need, all the knowledge that you need, because the only way this nation is saved is through you. | ||
| It's no individual who's going to do this. | ||
| You can't put all this burden on somebody like Donald J. Trump. | ||
| He's a political leader. | ||
| He's the leader of a movement. He's a great man. | ||
| But this has to come from the people. | ||
| They have to have his back. | ||
| And more than that, they have to tell the Democrats, we can't do this anymore. | ||
| He has to tell the oligarchs, we can't do this. | ||
| This is insanity. It's destroying the nation. | ||
| And as it destroys the nation, it's going to bring down the entire structure of the world. | ||
| OK, I want to thank everybody. | ||
| I want to thank Real America's Voice. | ||
| Wayne Allen Root's got his show. | ||
| He's going to be following us. | ||
| Make sure you stick around for that. | ||
| We're going to be up on Getter all weekend. | ||
| There's so much going on. | ||
| You've got to get together and make sure you're checking us all out. | ||
| Grace, John, Captain Ben, and myself, the entire team, Jane Zirkle. | ||
| I want to thank everybody. We'll be back live on Monday. | ||
| We'll be back up all weekend because there's going to be a lot going on. | ||
| See you on Monday morning at 10 a.m. | ||
| when you're going to be back in the war room. | ||
|
unidentified
|
We will fight till they're all gone. | |
| We rejoice when there's no more. |
Export Selection