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March 6, 2025 - Bannon's War Room
48:55
Episode 4317: Turfing Out The Spineless Representatives Who Betray Their Country
Participants
Main voices
s
steve bannon
36:33
Appearances
Clips
d
donald j trump
00:06
j
jake tapper
00:08
m
mike lindell
00:14
w
willie geist
00:11
| Copy link to current segment

Speaker Time Text
unidentified
Gave his joint address.
We saw Democrats do all sorts of things.
Some didn't show up.
Some wore protest t-shirts.
Some walked out.
Some hauled up little paddles saying, I don't like this.
But they all had one thing in common.
All of their actions were widely panned as a bad idea.
They couldn't agree among themselves on what to do.
You were there.
I was there.
I understood before going in there was disagreement about how to protest, whether protest was tolerated.
Those who wanted to protest were strongly discouraged from doing so.
That's why you saw what I'm calling the popsicle stick protest, where they waved their little signs.
And then, you know, when you interview them...
I do my work on social media.
I hear from people all the time.
They're saying, why aren't the Democrats doing more, fighting back more aggressively?
We want to see action.
And when I put this to them, Democrat after Democrat said to me, we are.
We're winning in the courts.
You're not the courts.
You're here.
Now, they don't have the majority to legislate, but they can make trouble.
They can make good trouble.
They can make noise.
You know, proposed legislation.
That was one thing.
And then the other message I kept getting is, for members, they'd say, we need the public to get so outraged that they're calling us nonstop, making it impossible to go through the day, and Republicans and Democrats alike will pressure the White House for change.
And you're like, you need the people to get you to do your job?
It's just a very strange message from leaders.
That's not leadership.
Now, I appreciate it's a tough spot for them, but if you just remember back to the pandemic for a moment, plenty of criticism of Andrew Cuomo for a million reasons.
He did a presser every day at 10 a.m., and it was must-see viewing because he gave the information people wanted.
Democrats could start that tomorrow on YouTube.
There are a million options they could do that they're not doing.
They're leaving it on the table, and they're voters.
Feel abandoned.
To destroy the country from within, you would do everything Donald Trump's done in his first 50 days.
You would wreck the economy, you would suspend the services from the federal government, and you would demolish our security alliances with the West.
I found what happened in the White House last week maybe the most unsettling thing of all the years of Trump's presidency.
Greater than Helsinki, maybe greater than January 6th for this reason.
If you play out the sequence of this on a chessboard...
What Donald Trump may knowingly have done, which is exactly what Putin would have wanted, is when you abandon Ukraine, Europe now has to rush to Ukraine.
Europe doesn't have a choice, and they have to strengthen their bond with Ukraine.
And if Donald Trump decides out of his own vanities, wait a minute, Europe, you're not following my direction?
You could fast forward a couple years.
The United States is in a power axis, an alliance with Russia and China against the interest of Europe.
And Europe sees the U.S., Russia and China as an adversarial alliance against their interests.
It is the complete undoing of NATO, but it is a repositioning of the U.S. position in the world.
That is realistic.
This is more than just the United States and Donald Trump abandoning the defense of Ukraine in the face of Russian aggression.
This is pushing Europe into a stronger role.
That Donald Trump has told them he doesn't want them to be in.
He doesn't want a stronger NATO. And now Europe's going to say, we are going to strengthen NATO. Macron actually addressed the French people just in the last 24 hours, essentially alluding to this.
If Donald Trump says, screw you, Europe, I'm getting greater reception and sympathies from Russia and Putin, we could end this Trump administration with a new alliance of Russia, China, and the United States.
steve bannon ▲ ● ▼
This is the primal scream of a dying regime.
Pray for our enemies.
unidentified
Because we're going medieval on these people.
steve bannon ▲ ● ▼
I got a free shot on 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've tried to do everything in the world to stop that, but you're not going to stop it.
It's going to happen.
jake tapper ▲ ● ▼
And where do people like that go to share the big line?
unidentified
Mega Media.
jake tapper ▲ ● ▼
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?
steve bannon ▲ ● ▼
If that answer is to save my country, this country will be saved.
unidentified
War Room.
Here's your host, Stephen K. Bannon.
steve bannon ▲ ● ▼
It's Thursday, 6 March in the year of our Lord, 2025.
Where do we start?
Well, let's take David Jolly.
MSNBC, I don't understand a business model where you've lost, I don't know, 50% of your audience, the greater part of your 18 to 35, you know, the younger people, the one that everybody wants.
You're blowing out anchors left and right, yet you still have the same contributors that led to this massive defeat and didn't know anything, and like Claire McCaskill, David Jolly, these kind of hack, particularly in Jolly's case, one backbench congressman that don't know anything, and the poison you're putting in people, also the leading information.
No, David Jolly and...
That was Stephanie Ruhl, who's normally pretty smart.
It's not a Russia-United States-Chinese axis.
You're missing the point here.
You're missing the play.
This entire geopolitical reset.
It's not a reset.
This entire geopolitical...
It's not a pivot.
This entire...
Geopolitical, geostrategic, geoeconomic reformulation.
The greatest since the Second World War.
And the Second World War got us halfway through the bloodiest century in mankind's history.
Always remember that.
From August 1914 to the Berlin Wall came down in November of 1989, the short 20th century.
The bloodiest...
The most barbaric century in the history of mankind because of advanced technology.
Technology getting ahead of human nature.
What President Trump is doing and at the same time restructuring the government of the United States with taking down the administrative state and the deep state and at the same time re...
Purposing a massive redirection of the business model of the United States of America is nothing short of monumental, historic.
We haven't seen this, and quite frankly, if you took all the Great Depression, right, and leading up to the second drop of the Depression, 1938, the first obviously 1929 to 1932, and 32 in those first couple years of FDR were terrible.
Then it came up a little bit because they tried everything and then dipped again at 38, came back with the beginning of the war in the ramp-up of industrialization.
What Trump is doing is beyond historic.
It is never because he's concentrating everything we learned from the Depression and the post-war international rules-based order, and he's turning it on its head simultaneously.
Who gets this?
And David Jolly should read this today.
Alex Leary over at the Wall Street Journal has a monumental piece that really gets to kind of the strategy that President Trump's doing.
I need Grace and Moe to let's get that out there and let's figure out how to get it out so people don't need to go behind the paywall because it's a must-read.
And it lays out the case.
For what President Trump is doing, which is, and what the Chinese are studying, Xi and his senior people are now going back and saying, hey, we have to understand how the West isolated the Soviet Union, the Bolsheviks, and using China to do that, and then with Reagan, took down the evil empire.
That's how concerned they are.
They see the play of President Trump.
The rapprochement with Russia, it's not abandoning Europe.
You're actually doing something that should have been done at the end of World War II or at the end of the Cold War that hasn't been done yet.
And that's a rapprochement with really the allies that won the war, the Great War Against Fascism.
The 60-some million people killed in Russia with the United Kingdom and the United States to actually bring a lasting peace.
A lasting peace.
Because this war was driven by the globalists.
Yeah, Putin's a bad guy.
He's a terrible guy.
He's KGB. Joe Stalin was a terrible guy too.
Worse.
A thousand times worse.
Not only did we deal with him, if without the Russian army, without the Red Army, I don't know if World War II would ever come to the conclusion they came to.
The casualties for the Americans, the casualties for the British would have been too high.
This is why D-Day didn't happen until 1944. And that was basically forcing the British to do it.
President Trump is thinking at a very deep level, and he's looking at the world, at the chessboard he was given, and this ties together Panama and Greenland, the naval strategy, the Pacific, the three island chains, to really have hemispheric defense.
Secure the United States for the first time.
This is the whole reason, one of the big reasons of Canada is a 51st state.
Not just the economic integration, but the Arctic.
You would have Alaska, Canada, and Greenland.
You'd be able to keep the Chinese Communist Party from taking the strategic high ground of the Arctic, of which they're very focused on doing.
At the same time, in this rapprochement with the Russians, it was, you know, we talked about the article yesterday where it's been leaked.
That Steve Witkoff and the team in Riyadh, the Russians have already said, hey, we will do whatever we need to do to make sure that we get you two into a room with the Persians and talk about how we get some sort of control over this nuclear program of the Persians so it's not weaponized and there's no threat to Israel or to the UAE or Saudi Arabia with a tactical nuclear weapon in the region.
That's what a peacemaker does.
This is what Trump does.
You saw Trump in total command at the State of the Union.
Behind the scenes, what he's doing is monumental.
Beyond historic.
And the Chinese Communist Party see it.
They see that they're being isolated.
They see they're being isolated in the Eurasian alliance.
So David Jolly, don't throw out the crap and the nonsense.
Oh, it's an alliance between the Chinese Communist Party and Russia and the United States.
And going to leave poor little Europe.
The European elites are deadbeats.
What did I tell this guy, the news host?
And she's looking there shocked, never heard it before.
I said, yo girl, all this talk of Macron and Starmer and they're going to do this and they're going to do that and this is what I've been telling President Trump.
Call their bluff.
Call their bluff.
It's not time to rearm.
It's time to make peace.
Do we trust Putin?
No, we don't trust him.
We don't trust Joseph Stalin.
What did President Reagan say?
Verify.
You have to have an ironclad deal.
You have to have integrated economics.
They had all this big talk.
They came out, you know, Vandele and Macron.
Macron addressed the nation, I think it was last night.
He addressed the nation and said, hey, we're going to get up our own army.
We can't depend on the United States of America.
The bond market turfed him out today.
The Germans, all of them.
I told you the bond market gets a vote.
It turfed out Liz's trust.
What did I tell the anchor of Sky News?
I said, what are you talking about?
You guys can't afford this.
The American, the working class America, sons and daughters have been doing it, but we've been underwriting the whole thing.
And in fact, the United States, we're so integrated into European security, it's not just pulling out of an alliance, you're taking the basic infrastructure in spine.
Of European defense that we've had since we hit the beaches of Normandy.
It's ridiculous.
And when they talk big in Germany, remember when they came to the Oval and talked to me with Merkel, I was assigned to talk to their national security advisor about their 2%, which they've been deadbeats on.
They go, you don't understand.
We have a balanced budget amendment.
I said, yo, we helped draft your constitution after we bombed you back into the Stone Age.
Because you were Nazis.
So don't sit here and tell me about your balanced budget amendment in the Constitution.
Hell, we got tens of trillions of dollars in debt.
One of the reasons we have a trillions of dollars in defense budget, one of the reasons is because we're underwriting deadbeats like you.
Step up to the plate.
They talk big talk.
They're going to do this, 800 billion, they're going to do that.
The bond market pute all over it.
And bond market basically told them, hey, we'll turf you guys out, just like Liz Truss, because you don't have the money.
England, and this has, they're getting on J.D. J.D. didn't say anything.
J.D. was very respectful.
Vice President Vance was respectful.
All that nonsense about the troops.
Nonsense.
But they had to face reality, particularly the United Kingdom, who's been our ally since the beginning of the 20th century.
Outside the city of London, it's a developing nation.
You don't have the money.
You're broke.
You're not going to talk big talking or send troops here.
You're going to do all this.
You guys are all broke.
So what do you want to do?
Throw yourself into the depression for building this?
The Russians have lost 800,000 men.
Dead or wounded, according to Ian Brommer.
800,000.
They're not to Kharkiv yet.
Much less Kiev.
They ain't going across Poland.
They ain't going across Germany.
They're not going to go into France with tank columns.
It's not going to happen.
It's a dangerous fantasy of the globalists in Brussels, Davos, the EU and NATO. Dangerous.
And the bond market told them that yesterday.
More on President Trump in a moment.
unidentified
$50 billion spent by the U.S. and Ukraine.
The real number, 120 billion, and as you say, pause.
And just to make a mention, the reason this line isn't as...
Continuous as this line is because of huge fights in the U.S. over aid to Ukraine.
A lot of opposition.
Eventually, we did do it.
Europe, $138 billion.
More than us, not $100 billion, as he claimed.
And by the way, Europe at the moment is putting together a massive amount of additional aid.
And as you just alluded to, we are cutting back on what we are doing for the Ukrainians.
steve bannon ▲ ● ▼
Ratner was supposed to be Secretary-Treasurer under Biden.
They passed.
He's the numbers guy.
Never actually on top of the numbers for Morning Joe.
This is kind of goofball city.
We're going to get more into Ratner in a moment because I've got to get back to Capitol Hill and the CR because this is all inextricably linked, but I want to do the geopolitical part first because this is how you're going to get a trillion dollar defense budget under control.
I want to bring in...
So when he said they're stepping up, no, they're not going to step up.
It's not real.
It's a fantasy.
It's a dangerous fantasy.
The global bond market told them last night and today, they threw up all over it.
These guys don't, they're all about to have sovereign debt crisis.
They can't leverage up additionally and do more deficit finance, borrow more money for arms.
It's absurd.
If President Trump, first off, he deserved the Nobel Peace Prize for the Abraham Accords, which still hang even given what happened on October 7th.
We're actually going to have one of the senior members of a brigadier general from the IDF, retired, talk to us about the new idea.
President Trump threw down again last night, gave the Muslim Brotherhood, Hamas, another deadline.
So we're getting back to that.
What's happening in Syria and what's happening in Lebanon later.
They threw up all over this thing because it's irrational.
What President Trump is doing is totally rational.
Wall Street Journal.
They go step by step by step on what he's doing on tariffs, what he's doing economically, what he's doing geo-economically, geo-strategically to isolate, to isolate the Chinese Communist Party.
First to break him as a hegemon in East Asia and then to roll up the whole thing.
And doing it in decoupling.
So you see a lot of people, look, you can see the master plan.
The Wall Street Journal, Alex Leary is one of the best writers over there.
Got it.
It's a definitive piece.
Everybody ought to read it.
Because you got Ratner and Morning Joe, and all they're doing is Trump hate.
And they're doing it understanding that is not what President Trump's doing.
And, once again, they're trying to build a firestorm so we can't get a rapprochement with Russia.
It's not going to work this time.
Not going to work this time.
You and Brennan, these guys ought to be in jail now, ought to be in prison now.
They're traitors.
Traitors.
Colonel Mills, you brought up an interesting point.
Tell me about that.
Tell me about the tweet you've got about how they're financing this, right?
They're actually financing this by...
We said one thing to freeze assets.
We froze the Persians' assets.
One thing to freeze assets.
It's another...
To actually take their assets, steal the people's assets, and monetize it for weapons against them.
We did not do this to the Nazis in World War II. The United States did not do it to Imperial Japan in World War II. We didn't do it to the Soviets in the Cold War when we were 90 seconds away from launching nuclear missiles.
It was not done.
Tell me what Europe and others are doing to Russia and the Russian people to pay for this now fiasco, sir.
unidentified
Yeah, thank you, Steve.
Freezing assets is freezing assets.
It's done in international relationships.
Spending those frozen assets, that is essentially an act of war.
That is outrageous.
So when Zelensky was thrown out of the White House and went to Europe, he talked to the Brits and the French, and the Brits and the French say, hey, we're going to massively increase defense spending.
I go, really?
How is that possible?
They both cover around 2% of GDP, atrociously underfunded militaries, incredible bureaucracies that make the Pentagon look efficient, and it's nothing like what they used to be during the height of the Cold War.
And I go, how are they going to fund this?
And then I read the fine print, and it says they're going to spend the frozen Russian assets.
That is like a threat of nuclear war.
I mean, I don't want to hire any globalist.
Preach about international norms of behavior.
Spending frozen assets is absolutely outrageous and essentially an act of war.
So they're going to fund their buildup.
By spending the Russian people's money?
Absolutely not.
That is absolutely unacceptable.
We still have $100 billion of frozen Iranian assets.
It's a cottage industry in New York City.
Banks specialize in the escrow of frozen assets.
But we don't dig in and spend those frozen assets.
Totally outrageous.
steve bannon ▲ ● ▼
No, it's economic war of the highest degree.
Talk to me also.
You've done some analysis because this is the other thing on the other day with the young woman at Sky News.
I said, there's no chance.
If the United States is out, and right now we've said no more arms, President Trump is out.
He wants to bring the shooting to an end.
He realized Zelensky and these guys, they have to keep shooting.
They showed it yesterday.
They're warmongers.
And not just that, they're set up.
Their economics is they have to be at war.
This is what he's trying to break.
Tell me, you've got a chart or two that shows the deltas in this, don't you?
unidentified
Yeah, let's show the stadium chart, please, Denver.
This is the difference in military spin between us, the Brits.
And look at this here.
So what is this chart?
On the left, those are Wembley Stadium equivalents, roughly 90,000 to 100,000.
On the right, that's Ann Arbor Stadium.
That's 100,000.
So the size of our military, active guard and reserve and civilians, that's about 2.8.
That's 28 Ann Arbor stadiums.
Look to the left.
The Brits, the entire...
British military, plus their incredible bureaucratic Whitehall, can fit into Webley with a little overflow into the next-door Costco parking lot.
There's a Costco right next to Webley.
Okay, that's the size of the Brits.
One, their entire military.
Smallest fleet since the 1500s.
The French are roughly three times the size, but still egregiously below.
So, that's us on the right.
That's the Brits and the French on the left.
It's not even close.
And this is a factor of their bloated social spending.
They have nothing.
They have nothing.
And look at us, and we're only going to get bigger and stronger in a far more efficient way under Secretary Huxus and President Trump.
So this is ridiculous.
steve bannon ▲ ● ▼
Well, and I'm not a fan of $900 billion.
I'm not a fan of another $125.
I'm not a fan of a trillion dollars.
I think that budget has to be repurposed to the hemispheric defense I laid at the beginning.
I think it's time.
If you're going to rethink it, you've got to rethink it.
But that's a different day.
Roughly, the British, I think, the British spend 30 to 35 billion pounds every year in defense.
I think that's equivalent to what?
Let's say it's $40 billion.
We spend a trillion.
We underwrite Europe's defense.
unidentified
We can get a far bigger defense with less budget, as we're showing.
I mean, between Doge and Secretary Hegseth, we always knew from the Reagan days, Rush Limbaugh, they said we could only slow the rate of growth.
No, we're finding immense fraud.
We're finding immense fraud.
This is ridiculous.
steve bannon ▲ ● ▼
Hold it.
Where are we finding immense fraud?
Can you please cite a number?
unidentified
Oh, well, just the USAID is the beachhead.
USAID is the beachhead.
steve bannon ▲ ● ▼
Hang on.
USAID has nothing to do with those.
Yes, they went in, and by the way, the special forces helped finally get people's attention.
But that had been identified by Michael Benz, a Republican congressman, for decades and decades and decades.
At the Pentagon, they have found $80 million so far.
Let me repeat that.
That's a story they gave to Bloomberg.
Pete Hex has those guys gated Bloomberg.
They've been there three weeks, $80 million.
Anyway, I'm going to get into Doge right now.
John Mills, where do people go for your social media so they can get all your charts?
Amazing job.
unidentified
You bet, Steve.
Thank you.
Colonel Rett John 2. Colonel R-E-T John 2 on X. And also Substack.
Colonel Rett John on Substack.
Colonel Rett John Substack.
Colonel Rett John 2 on X. And then Colonel Rett John 2 on Getter.
True.
Thank you.
steve bannon ▲ ● ▼
We've talked about it before, but what he's unearthed about this essentially stealing of the assets to pay for the arms of the Europeans.
Thank you, sir.
Appreciate you.
unidentified
You bet, Steve.
Thank you.
steve bannon ▲ ● ▼
So we have a CR coming up, folks.
And so we're going to talk this through in the next couple of...
Because this underpins everything President Trump's trying to accomplish.
Remember, he's doing...
Remember our three verticals.
Stop the kinetic part of the Third World War.
Deport 10 million illegal aliens and secure our border.
I think on the border side, I think you would say, got to build a wall.
I think J.D. said yesterday, at the wall it would take until 2029, I think he said, the wall would be completed under current plans.
They're prepping for a cartel war, a kinetic cartel war.
President Trump is going to go take down the cartels.
I don't think there's any doubt of that.
You see all the indications.
Tenth Mountains down there.
They have 12,000 combat troops or combat logistics troops.
They've got striker brigades.
They've got CIA assets.
He's cut off the sharing of intelligence with Ukraine at the same time as Jack Vosobich and Todd Bensman.
They know they're pulling intelligence assets.
Back to get the cartel wars.
And then the third is obviously the logistics, the money.
I think it's $170 billion that reconciliation needs.
So you got those two.
The third and the existential is how do you sort out this mess of an economy he was handed at the same time do the thing that must be done, which is to cut this out-of-control federal spending.
And we know that's not going to be easy.
It's going to be quite controversial.
So there's a bunch of plans running around.
The clock is ticking because, wait for it, at midnight on the 14th of March, the music stops.
You have to have a plan.
Either short-term CR, long-term CR, or maybe just a budget with appropriations bills.
Birchgold.com.
A little turbulent this morning in the world's capital markets.
We'll talk more about that in a moment and why gold is a hedge for times of turbulence.
Back in a moment.
unidentified
Talking about no tax on Social Security.
No tax on overtime, no tax on tips, no tax on interest loans on cars made here.
These are billions and billions of dollars of tax cuts.
Simply extending his existing tax cuts, the ones that he passed in 2017 down here, would cost over $4 trillion.
The House Budget Committee has only allocated four and a half.
Trillion dollars for all the tax cuts.
So you could do this, which he's completely committed to, but how the rest of this happens, including a full deduction of the state and local taxes, is impossible.
This is almost eight trillion dollars worth of tax cuts.
So this is an empty promise.
Can't happen.
Won't happen.
willie geist ▲ ● ▼
And one of the things that drew, well, let's say, shock, surprise, some mockery from the address the other night was President Trump, given what you've laid out there, promising to balance the budget.
unidentified
Here's that moment from the address.
donald j trump ▲ ● ▼
And in the near future, I want to do what has not been done in 24 years.
unidentified
Balance the federal budget.
We're going to balance that.
Steve, how does he plan to do that?
Well, first of all, in his first term, he planned not only to balance the budget, but to pay off all the national debt.
That didn't work so well.
He added a ton of national debt.
But let's look at how it isn't going to work this time.
So we are looking in what we call a base case without anything else happening.
We are looking at deficits a bit below $2 trillion, going all the way up to $3 trillion over the next 10 years.
A total already, these dark green bars, of $20 trillion of additional debt.
Would add another two and a half, roughly, trillion dollars of debt.
So instead of balancing the budget and paying down the debt, he's creating more deficits, all these deficits, and adding 22 and a half trillion dollars to the debt.
steve bannon ▲ ● ▼
Okay.
Okay, the theory of the case is the following, and I need the war repository.
We're going to think this through.
No manning the phones, no jumping on the ramparts.
Go get a big old pot of Warpath coffee.
Get a number two pencil out.
We're going to have to work through this, okay?
That's warpath.coffee slash war.
We get 20% discount.
Do it today.
You get jacked up like we do.
Also, birchgold.com.
Take your phone at Bannon, 989898. Get the free brochure.
Just read it.
Even if you have no interest, you should understand in these turbulent financial times, there are ways that you can hedge.
The turbulence.
There's stores of value.
One's been around for a thousand years.
That's gold.
Even if you don't do it, it's good to understand as we lay out this entire economic plan because a big part of it is about value, right, and what we're trying to accomplish here.
Birchgold.com.
End of the dollar empire also.
Get that.
It's now taught, I guess, at the University of Arkansas to the finance undergraduates.
Very proud of that.
Access.
You want to make it accessible so you understand it.
Here's what we're going to understand here.
President Trump has three parts to his, how do you get to a balanced budget?
Number one is DOGE, or what I call deconstruct the administrative state, programmatic changes.
You've heard me say over and over again, it's got to be programmatic in billets, not just people, individual people.
And waste, fraud, and abuse, but eventually you have to get programmatically.
But let's take Doge.
Doge is very important.
I'm the biggest supporter of Doge.
But we have to have a partner's discussion.
We are quite late in the game to actually not have a good feel for what the numbers are.
Because the numbers that were promised are like a trillion dollars.
I think President Trump, in his head, is hearing this and it's repeated and repeated.
It was repeated last night as Elon went to the...
To the House.
I think it was repeated in the House conference.
A trillion dollars.
And that's in over 10 years.
We're talking just annual budgets.
Which right now sits at about six and a half trillion dollars.
Those cuts, we have to find out what those cuts are.
Even just a range.
Okay?
The second part is external revenue or tariffs.
Where it's just not tariffs on individual goods.
But he's saying, hey, this is a premium market to get into.
So you're either going to invest Taiwan.
You know, Taiwan Semiconductor and Apple and make hundreds of billions of dollars invested and bring your state-of-the-art manufacturing here for high-valuated jobs and massive capital equipment investment.
Or you're going to pay tariffs.
So that external revenue, right, like we used to finance the country under Hamilton's The American Plan up until essentially the earthquake of 1906 and the Great Fire.
1907, the financial collapse that restructured, you know, out of that came the Federal Reserve, out of that came the tax, income tax, all of the corporate tax.
Number three is on the supply side, where he does cuts, you actually have growth.
And now there's a lot of...
Conflicting information coming out on GDP. Atlanta Fed is talking about, hey, it may actually be negative right now.
President Trump, the bid and the ask is the Congressional Budget Office saying our growth rate is going to be 1.8%.
When they do their financial plan that says 52 trillion in debt in 10 years, that's on a 1.8% to under 2% growth rate.
Up to, you know, people are talking three and a half.
Elon's talking five in the Oval Office.
He said five.
I don't know how he gets there.
I would love to have 5% growth.
Mathematically, it would solve a lot of problems, but is it realistic?
I don't know.
The Silicon Valley guys are talking about a new golden age of technology and productivity, as Dave Bratt shows you here all the time, that's never really translated to real productivity increases or anything that translates to GDP, but those are the three elements.
In other words, spending cuts, significant spending cuts, external revenue sources.
And tax cuts that lead to growth, so that you have a bigger denominator on the tax structure you have.
He is correct on the $4.5 trillion, as that's what's been set aside, including the tax cuts for corporations and tax cuts for the wealthy, which is about a trillion.
About $3 trillion go to working class and middle class people and entrepreneurs, roughly.
And I think the other $500 billion was put in because of permanent extension.
But President Trump has reiterated no tax on tips, no tax on overtime, no tax on the interest of auto loans of American-made cars, but most importantly, the big kahuna is no tax on Social Security.
That's a real number, okay?
Elon, and so here we're, all this, and people are modeling and putting together and all this, you got reconciliation over here, but you got to get back to the real thing.
The real thing is the CR. How do we finance the government for this year?
And how do you see if people are serious?
Because right now, You know, it can't be kicked down the road anymore.
My problem with Speaker Johnson is not just that he over-promises and never delivers.
It's even worse than that.
He treats you like an idiot when he throws things out that he knows or his nose is not true, and that kind of becomes the narrative, and people kind of go down that path.
So right now, after all the misrepresentation and all the lies from December, and we had to get here, we're going to have appropriations, we're going to do our work.
Just, okay, that was all a lie.
That was all a lie.
What they want now is a CR that takes us to the end of the fiscal year, basically one half, you know, of the year.
That would, and you've just got to face reality.
They never want to talk about it, but we're in the war room, so we are going to talk about it because the war room posse has to have the receipts.
That's Biden's budget.
So President Trump in his first year, no matter how we want to stay at least on this CR, They want passed, and all Democrats said they're not going to do it because in times past, you had to keep the government open, you had to keep the government open, you had to keep the government open, but the people in the House now say, no, it should be shut down because Trump isn't there.
Okay, so we've got Biden's budget, so it's Biden's numbers.
It's a $2 trillion money guarantee, money good deficit.
$2 trillion.
At least two trained dollars.
The gap between revenues coming in and spending.
Two trained dollars.
As bad as that is, and those are horrible, maybe you can live with that.
But the worst is that, since it's an up or down vote, you're not only not going to do any of the doge things that have been identified, but you're actually going to finance the waste, fraud, and abuse at least until September 30th.
I know it's insanity.
So here's their theory of the case.
Their theory of the case is called impoundment.
Right?
The other is rescission.
Take your number two pencil out, write those terms I've given to you before, but this is going to become quite important.
unidentified
And they're very different things.
steve bannon ▲ ● ▼
Elon goes to the Senate yesterday, and if you look at the, and you go on my gutter, you see particularly Lindsey Graham and these guys in the Senate.
In the Senate, whether you like him or not, They think they're the House of Lords and the House of Representatives is the House of Commons.
So they go to the Lords yesterday and the Lords sit there and go, hey, we think you're all happy talk, right?
We'd love to see what you got, but you haven't shown us anything.
You won't answer any questions.
So how about this?
You're not going to actually do anything because the Constitution says it has to be us and we're going to put in rescission.
Rescission means it has to go back to Congress for a vote.
That they can have rescission on budgets, but it's put up in a package after a budget's done sometime towards the end of the fiscal year.
You vote on rescission, and that's taken off the budget.
So let's say you pass $6.5 trillion at the end.
Let's say the Green New Deal, I'm throwing out an example, was $300 billion.
They decided not to do it.
$6.2 billion.
That $300 billion, by the end of the year, they take a vote.
It only has to be majority.
You don't have to break filibusters, so 51 Senate votes get you, and you control the House, so you should be able to get it.
They told Elon flat out, yo, we're the Senate.
You're not going to do anything.
You can go find it and tell us what it is, and we'll package it.
Rand Paul said, hey, we'll do a half a billion dollars of rescissions.
A half a billion dollars rescissions in this year, if you find a half a billion dollars, I'm all in.
Good on you.
Good on you, man.
Good on you.
And he says, well, actually do it in a $100 billion layer.
So it'll be five $100 billion rescissions.
You've got to find it.
On the website right now of Doge, if you go there right now, they say basically $100 billion.
But they include USAID and they include some other things that would say, hey, that's more programmatic, not wasteful and abuse.
As bad as USAID is and all the people who attacked it for years, it's terrible, it's awful, but we knew it was getting funded.
So it's not like finding a waste for an abuse.
It's programmatic, is what we call it.
Elon agreed with him.
In the room.
And I think, after being instructed by certain people, don't go in the room and do not agree with rescissions.
We're not taking this stuff back because President Trump, vote...
Pay a letter in the administration's point of view is that, hey, we don't need to go back to a vote for anything.
Once we get this, we can come back and just do impoundment.
Now, impoundment's got a little hair on it.
It's a little hair because the Supreme Court didn't exactly, ACB and Roberts, which I've warned from the beginning, I don't know if they're going to get there.
and approved the other day.
Now I'm hearing from the sources saying, no, no, no, no, no, no, no, no, no.
That was all because of this judge and backing this judge and...
And Steve, that's not it.
We're going to fight that today and 11 o'clock.
Both sides have to present on this $2 billion for foreign aid that the courts are trying to force, a federal court is trying to force President Trump to fund it.
So the two things of impoundment are rescissions.
But the bottom line is, Right now, you don't know what that number is.
And it seems to me imperative, if people are to back something they hate, and what do they hate?
They hate clean CRs, that just, you know, it's essentially an omnibus to the end of the year, on Biden's numbers, with two trillion baked in, that you have to accept that.
At least you have to have, it doesn't have to be the fifth decimal point.
You have to know directionally where the waste, fraud, and abuse of DOGE is, just some broad number, from $50 billion to $100 billion, just lay it out.
And that is, they're committed to doing impoundment.
Or programmatically, whether it's USAID, I think this, one thing DOGE did find, I think you've got to give them credit for, was whatever the Citicorp, there's a great article today, I think in the Washington Examiner, the Washington Examiner, great article.
Washington Times, great article.
We're trying to get the writer on about the $20 billion slush fund sent there.
My point is you have both programs and you have waste, fraud, and abuse.
Let's just get a range.
So people instead go, look, I hate this, but if we're going to get Elon's $100 billion or $200 billion or $50 billion, at least we can agree to that.
Short break.
Get the chalkboard out next.
Okay, since you're a main participant in this, this is going to take, we've got a lot more to get through the next this is going to take, we've got a lot more to get through the I'm going to get back to this tonight, because even as we're talking, this is being formulated, and you're going to be a key part of this.
Because no Democrat votes, that means they have to have all Republican votes, and that means all the House Freedom Caucus and...
People that are not part of the house frame car because they're worried about spending.
And you already hear, well, we'll take care of it in 26. No, no, no, no, no.
We have to be realistic.
And I realize it may be unpopular, right?
It may be unpopular, but we have to get to the bottom of just where this is, where it's going.
I want Doge to be able to unearth a trillion dollars.
That would be the greatest godsend we could ever have.
I don't think it's going to happen, but I want to know if that number's $500 billion.
If it's $100 billion, we'll take $100 billion.
We'll take whatever we can get right now.
But it has to be real.
We're dealing with the real world, folks.
And the debt keeps...
I mean, it's like the Tax Network USA thing.
We're in the same situation.
Tax Network USA. What I say is that, you know, go to Tax Network USA. When you get the letter from the IRS... You put it in the drawer, it doesn't mean it goes away.
It just means it metastasizes.
The fees, the penalties, and the interest accumulates.
And they put the interest to the face amount of what you owe.
And the IRS is going to get some money.
You're not going to be able to stiff them.
That's why you need somebody that can help get in there and be an advisor to you.
So go to Tax Network USA right now.
Put the slash ban in.
You get free consultation also.
You've got other great things.
You can put the promo code Bannon.
Let them know you come from us, the Warren Posse.
But the country's kind of in the same situation.
We can't look the other way.
We've looked the other way.
And this audience has been so fantastic about doing it.
We're in a little different situation now.
President Trump's got a bigger agenda.
But still, you have to have some rationality.
The inflation is not going to go...
The price of eggs ain't going to come down until you start cutting federal spending.
It is...
Keynesian Theory 101, you're still having a massive stimulus put into this economy every month.
And somebody's going to have to sit there and go, hey, this is just the way it's got to be.
And I'm a huge supporter of these tax cuts.
No tax on tips, no tax on overtime, no tax on Social Security for working class people.
I am not a fan of the corporate tax cut right now.
The reason is they gamed the system last time.
They didn't put it in capital equipment.
They didn't put it in things to grow the economy.
What did they do?
Exactly what I said they were going to do.
They went and put it in stock repurchases to drive up the price of their warrant and equity packages and made more money, and all those CEOs kind of skipped off, and the companies are where they are.
I'm only like corporate tax cuts if it's ironclad that they're going to take the tax cut, the savings, and plow it back into productive capital.
unidentified
Capital.
steve bannon ▲ ● ▼
You didn't see that.
They took it for themselves.
And I'm totally opposed to tax cuts for the rich.
I'm just them.
I can walk through any set of analysis that we just don't have the money.
And the working class and middle class need it.
This is why there's so many MAGA people.
There's so many folks on Medicaid.
They don't want to be on Medicaid.
Nobody wants to be on Medicaid.
They have to be on Medicaid.
Because the companies aren't paying for the insurance and the jobs.
We haven't had any real wage growth.
People are working like crazy.
People are working two and three jobs.
And guess what?
All the jobs created under Biden, all the jobs created under Biden went to foreign-born folks, not to people, native-born Americans.
Regardless of your race, your religion, your creed, it's a racket.
We have the president's going to try to break it, but hey, first you can't.
This is why I said, why do we spend all this time on reconciliation?
We should have been having this debate month to month.
And quite frankly, they should have come up with the appropriations bills.
We shouldn't be in this situation.
And that takes leadership.
And I think the House leadership was not forthcoming, not forthcoming on what the issues were.
So now we're left with it.
And they're going to point to, you know, oh, these guys are bad guys because they want to stop the program.
We don't want to stop the program.
We are the ones that want to make sure the program is executed exactly like President Trump, but somebody's got to be the reality check here and stop with the fantasy.
And there's a lot of fantasy going on.
Fantasy misdirection plays and hide the football.
And finally, yesterday, You start to see, did any numbers come out of the Senate and the House?
I rest my case.
At the big conference and things, did anybody come out with a number that Doge has found?
I rest my case.
And we've got to stop kidding ourselves.
It's now you have to do it now.
If it's $50 billion, fine.
There's not a train that's fine.
What's the number?
Because then we start to calibrate.
That's going to be how tough the programmatic cuts are going to be.
The programmatic cuts are going to be hard.
It's going to be hard to cut defense.
Until you reorganize to the hemispheric defense, it's going to be hard.
It's going to be hard to cut Medicaid.
It's going to be hard to cut the social programs.
It's going to be hard.
Doable, particularly of the political will, and if you're steely-eyed about it, and can go through the firestorm, you can do it.
It can be done.
You can get there.
But you can't do it on fantasy.
Too much fantasy and happy talk has gotten us to this place.
That's how you get $37 trillion in debt and $1 trillion every 100 days with $2 trillion that they're asking you to approve.
$2 trillion deficit for this year.
Oh, we're going to get to next year, 26. We're really going to take a hard stand.
Screw you.
I don't want to hear it.
I want to hear it now.
Mike Lindell, they're trying to put you out of business for your platform.
Sell me a Pella.
Make me feel better.
Right on, everybody.
unidentified
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steve bannon ▲ ● ▼
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unidentified
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mike lindell ▲ ● ▼
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steve bannon ▲ ● ▼
You get all the specials on the website.
unidentified
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steve bannon ▲ ● ▼
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steve bannon ▲ ● ▼
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steve bannon ▲ ● ▼
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steve bannon ▲ ● ▼
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We still have four of them in stock.
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unidentified
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steve bannon ▲ ● ▼
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unidentified
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steve bannon ▲ ● ▼
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mike lindell ▲ ● ▼
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unidentified
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steve bannon ▲ ● ▼
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unidentified
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steve bannon ▲ ● ▼
Proud of being associated with you, sir.
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steve bannon ▲ ● ▼
Next hour.
Technology.
The War in the Middle East.
In the New York Economic Club.
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