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May 17, 2025 - Bannon's War Room
48:55
Episode 4494: Fighting Continues Over Budget On Capitol Hill Into The Weekend
Participants
Main voices
b
ben harnwell
06:21
c
chip roy
11:51
s
steve bannon
12:08
Appearances
d
dave brat
04:58
Clips
m
mike lindell
00:03
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Speaker Time Text
chip roy
I appreciate my friend from Texas, the chairman, and there my Democratic colleagues go again, telling things that are not true.
The vast majority of Americans will get tax benefits under this bill.
It's just simply false to say that that's not true.
Hardworking Americans will benefit from the standard deduction increase.
Hardworking Americans will benefit from child tax credits and lower tax rates.
Stop saying things that aren't true.
Those things are true.
The fact is we have money in here for border to undo the damage of Joe Biden.
We have more money in here for the defense to undo the damage of Joe Biden.
But we also address Medicaid and Medicaid spending goes up.
Stop lying.
Medicaid spending goes up.
My colleagues on the other side of the aisle are profoundly unserious when it comes to being real about what's happening with the numbers.
I applaud Chairman Arrington.
I applaud my colleagues on this side of the aisle for taking a step forward in dealing with the spending problem in this town.
But I have to now admonish my colleagues on this side of the aisle.
This bill falls profoundly short.
It does not do what we say it does with respect to deficits.
The fact of the matter is, on the spending, what we're dealing with here on tax cuts and spending, a massive front-loaded deficit increase.
That's the truth.
That's the truth.
Deficits will go up in the first half of the 10-year budget window and we all know it's true.
And we shouldn't do that.
We shouldn't say that we're doing something we're not doing.
The fact of the matter is, This bill has back-loaded savings and has front-loaded spending.
Nowhere near the Senate budget top line, by the way.
The Senate budget top line of $6.5 trillion, which, by the way, is what we were pre-COVID, inflation-adjusted on interest, on Medicaid, I'm sorry, on Medicare and Social Security.
And if we would reform Medicaid, we could actually get to the core of the problem.
But we refused to do it.
And I'm not going to sit here and say that everything is hunky-dory when this is the budget committee.
This is the budget committee.
We are supposed to do something to actually result in balanced budgets, but we're not doing it.
Look at what happens under deficits.
By the way, this chart includes growth.
This chart demonstrates economic growth.
And right here, what do you see?
Baseline and the orange of...
Columns are the deficits under the House budget, assuming growth.
Only in Washington are we expected to bet on the come that in five years, then everything will work.
Then we will solve the problem.
We have got to change the direction of this town.
And to my colleagues on the other side of the aisle, yes, that means touching Medicaid.
It went from $400 billion in 2019 to $600 billion this year.
It'll be over a trillion in the 2030s.
We are making promises that we cannot keep.
We do need to reform it.
We need to stop giving seven times as much money to the able-bodied over the vulnerable.
Why are we sticking it to the vulnerable population, the disabled and the sick, to give money to single, able-bodied male adults?
We shouldn't do that.
We should reform it.
But guess what?
That message needs to be delivered to my colleagues on this side of the aisle, too.
We are writing checks we cannot cash.
And our children are going to pay the price.
So I may no on this bill unless serious reforms are made today, tomorrow, Sunday.
We're having conversations as we speak, but something needs to change or you're not going to get my support.
I yield back.
steve bannon
Okay, something did change.
We didn't get it out.
That was an impassioned speech by Chip Roy.
We got today, tomorrow, and then Sunday night.
What is going to happen, sir, to basically get this spending right, not to front load the spending and back end the cuts?
chip roy
Well, Steve, good morning.
Yeah, I mean, we've been working.
We worked yesterday.
I'm in my office now.
We're continuing to work today.
Got some meetings with the White House and others this afternoon.
We're working in good faith, trying to deliver.
And look, I want to be clear.
There's a lot of progress made that is reflected in the bill, okay?
Let's be honest.
There are some very good things in the bill.
But it is such a big bill with so many complexities.
I'm trying to be honest about what I'm seeing, which is that we see the front load of the tax policy and the back load of the spending restraint.
Now, you know, we're having debates about how to square that circle between now and Sunday night when the Budget Committee Chairman, Jody Arrington, has called us back in.
To vote on this supposedly Sunday night at 10 o 'clock.
I still think we got a lot of work to do between now and then.
We're making progress on two key areas that would change the extent to which it's backloaded.
One of which, and I know you've got some views on this, and I think we share those views about how to get there, but on Medicaid.
We want to make sure that the people that are the hardworking Americans, the working class Americans, that need to be able to get access to care, especially in a post-Obamacare world where we've screwed up the entire system in the markets, that they have access.
But we also think there ought to be work requirements that kick in immediately because we think that's critically important to get people back in the labor force, drive up American workers so we're not so reliant on, you know, all these people are trying to say that we've got to import, the Chamber of Commerce people.
We don't want to do that.
So get people back to work.
And then if they're working, then be able to have the benefits that they're getting under the program.
That's critical.
And the way the bill was designed is the work requirements didn't kick in until 2029.
Well, that's ludicrous.
That's after the Trump administration.
So we're trying to move those up.
So that would front load some of the savings.
More importantly, I think it would create economic growth by getting people in the workforce.
Second point is that we're trying to deal with the Inflation Reduction Act.
The president campaigned on terminating it, ending it right out of the gate.
And the truth is, as we started peeling it back, A lot of the projects are able to go, and a lot of the funding to all of these Green New Deal programs continue in perpetuity.
There were $400 billion worth of continued flows for all of the Green New Deal projects that were put online that weren't even touched.
And then there was areas where new projects could start if they got started in the next three or four years.
I was like, guys, that's not termination.
I understand we have to make some grandfathered exceptions for investments and stuff that are attached to the grid, but we've got to terminate it.
So we're working through that today and tomorrow.
Now, those are just two variables.
There are many others that we still have to work out between now and next week.
We all want tax relief, particularly for hardworking Americans and small businesses.
But I'm not going to get put over the barrel because everybody's freaking out that we've got to deal with the taxes, especially at the top end of the bracket and so forth, if we're not doing what we need to do on the spending side.
So that's where we are.
A lot of conversation over the next 48 hours.
I don't yet know how that's going to unfold.
We might be able to address those two issues, but there's still a lot of issues next week still involving Medicaid, the SALT tax issue, overall tax policy, and then a lot of little things that people are still trying to work through.
steve bannon
Arrington is a deficit hawk.
It's one of the reasons people felt comfortable with him stepping in and taking budget.
How did he not join this earlier, particularly like 2029?
Look, we're all for not messing with working class America's Medicaid.
They don't want to be on Medicaid.
They're there because all the good jobs have been shipped overseas.
But when you see the thing about able-bodied people, Yeah, agreed, Steve.
chip roy
So, just to level set on Jody, he's a...
Very good friend, fellow Texan.
I think he's done a very good job trying to hold the Republican Party's feet to the fire, who have always campaigned on tax cuts and spending cuts, tax cuts and balanced budgets, but they've only delivered on tax cuts.
You and I are both, hey, limited government, leave money in the pockets of the American people, guys, right?
But we also recognize we have massive deficits in debt that's killing the bond markets, empowering a whole lot of people that we don't want to empower, and constricting capital flow and slowing down the economy, and it's hurting working-class Americans.
So we need to get rid of the debt, sort of dynamically, hanging over our head, especially after the Moody's rating downgrade yesterday.
It's crazy.
Jody's done a good job.
I'll let him speak for himself.
I think Jody felt as the chairman that they had honored the construct of the framework we had created.
I disagree because of the front-loading, back-loading.
And also, to me, that was just a baseline for the conversation of $1.5 trillion spending restraint.
With two and a half trillion of assumed growth to then get the tax policy.
But I think he felt honored to honor bound to move that forward.
But I'll let him speak to it.
He's a good man.
And we've been working together.
steve bannon
He's a guy that's been he's a guy that's been working on this.
This, you know, Scott Besson and President Trump's plan was to go from six and a half percent.
Budget deficit to GDP down to 3.5%.
We would never get to balance, but we're unsustainable now.
You can't sell this many government securities.
The bond market is going to blow up.
You've got to get from 6.5% to 3.5%.
My issue here is that at least what we're talking about now doesn't do that in the first couple of years, right?
We're not bending the arc.
We're not heading down that path, at least the way my math works.
Am I correct or incorrect on the 6.5% to 3.5%?
chip roy
Yeah, you are correct.
And look, here are some of my concerns.
Even if I get what I want by tomorrow on moving Medicaid requirements up in IRA, which would improve the bill, we would still have significant concerns.
And here are some of them.
The current ways and means cost to this, right, what we're doing with respect to all of the tax policy right at the outset, you're going to have another $900 billion of interest, okay, that's not factored into the CBO score.
$900 billion over that time, which needs to be offset by some of the spending restraint.
In other words, getting the deficits down.
Well, we're going to get some of that.
And if we move the Medicaid requirements up and do more on IRA, we'll do a pretty good job.
But there's still going to be more interest than we're even calculating for.
Then, Steve, if you add to that, if we're refinancing all of our interest at, say, 4% or 4.5% or 5% instead of what currently CBO scores as 3.5%, Do the math on that.
It's extraordinary.
That's why Scott Besson wants to get that down.
He wants to get rates down to be able to refinance the debt.
He wants the deficit as a percentage of GDP down, and he's correct.
And Scott's a good guy, and I think he's doing a great job on a lot of fronts.
But we've got to deliver that spending restraint.
And I think the White House is doing a good job trying to manage through this, but I think we need to be more aggressive.
To answer your question, No, we are not on a path to get to 3% or 3.5% of GDP as our deficit, unless we do more in this bill.
steve bannon
That's what's got to be done now.
You can't kick the can down the road.
We've got to face reality.
You've got to get from 6.5% to 3.5%, and then you're still not at balance, but at least you can finance this thing.
Chip, you are working with the White House.
We can report that, that you are working with the White House to work through these issues.
chip roy
Yeah, 100%.
And as you all know, Russ Vogt is a great friend and the great guys over there that are working with and the president.
We were having conversations yesterday back and forth, you know, on Air Force One as they're coming back over from their trip overseas.
We're fully engaged.
We want to deliver.
How that's going to play out, I'm not sure.
But I have great faith in the White House and in our team to figure this out.
Look, we have thin margins.
We have to figure out how to corral 218 individual House members.
I know the American people are frustrated, the right to be frustrated.
We're constrained by the Senate 60-vote threshold, which we ought to be addressing.
We're constrained by, you know, we need to get, for example, you know, rescissions, get them up and then start moving them.
But those are all things that I'm trusting the White House.
They're doing a great job on so many fronts.
We've got to give them their time.
But right now, this bill that's in front of us, we've got to work with them to deliver.
And I hope we can.
There's still a lot of variables left.
And there are some other options we might be able to deploy that I'm not going to get into right now because I don't want to undermine what we're all trying to do to work together.
But we are working together this weekend to try to figure it out.
steve bannon
And right now, 10 p.m.
Sunday night, Jody Arrington's called for another budget committee vote.
That's still on track?
chip roy
Correct.
Yeah, we are scheduled to reconvene 10 o 'clock Sunday night.
But right now we still have no...
You know, changes yet that would change anything.
But those conversations are underway.
We made some progress yesterday.
We'll talk today and then we'll see tomorrow what they want to put forward as their proposals for the changes to see if we get over this next step.
Again, there would then be another step next week, which is what we put together in the Rules Committee, whatever manager's package is put in to amend it, because it would need to be amended for a variety of things.
And then whatever deal is struck on, say, SALT and additional Medicaid fixes for that whole issue where the able-bodied gets seven times more coverage than those people who are the vulnerable and sick populations.
We've got a lot.
We've still got to address.
steve bannon
Chip, you're putting up stuff on social media all the time.
Where do they go to follow you?
chip roy
Yeah, it's Chip Roy, C-H-I-P-R-O-Y-T-X.
That's my personal Twitter.
Rep Chip Roy is my official account.
Roy.house.gov.
Appreciate it, Steve.
Thanks for what you're doing.
The balance that you're providing about our need for fiscal discipline, our need for appropriate tax relief, all in totality, managing Medicaid the right way to make sure people aren't left behind but still fixing the health care system and delivering on the Medicaid reform we need to deliver on, I think is the right spot.
So we're trying to work on it.
steve bannon
Well, we got Russ Vogt.
unidentified
You got the guys over at – you got Hassett over at NEC.
steve bannon
You got Navarre.
You got great people at the White House.
President Trump's got a great team over there.
You're at the tip of the spear on this over in the House.
And let's work through the weekend and get this thing done.
chip roy
Thanks, Steve.
God bless.
steve bannon
Going to be a lot of heated conversations, folks.
Stand by for some heavy rolls on this one.
But, hey, you knew it all was going to come down to this.
You watched the war room.
Okay.
We got a lot to get through.
We got to go to the Vatican.
I got a special guest.
I got Dave Bratt and his charts.
We're going to Romania.
All of it.
Plus a special appearance by Grace Chung on a Saturday morning in the war room.
How about that?
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Dave Bratt, Chip Roy, you got some charts that explain what he's talking about, sir?
dave brat
Yes, sir, and Chip is an American hero along with four or five of the other guys on that budget committee.
I was on that committee, and that's some tough sledding when leadership comes down on your head.
But what he said is right.
It's very frustrating.
The Democrats are lying straight up.
But every time they move their lips, right?
All political views are my own always.
But they're just, you know, they're saying we're ripping people away from their health care and all that.
All that's false.
But the Republican side also, we're trying to execute the Trump agenda.
And the leadership is saying we are executing the Trump agenda.
And they'll list off five or six things that are great.
But at the end of that story, we are left with $2 trillion deficits minimum moving forward.
And so let me show you.
We're supposed to be getting rid of the deep state.
Like you just went off on the rant, right?
We just saw what the consequences of that deep state are in the last segment.
And that was incredible.
Now let me show you the flip side on the economic side.
Denver, if you got the first chart.
This is all kind of with Moody's in mind, and I've integrated Moody's comments on this.
But we're not talking details here, right?
When it comes to the budget, I'm just giving you the big layouts.
This is interest payments for the United States of America, the budget process, over the past 30 years.
And you see at the very far right, they go up to $1.2 trillion.
According to Moody's, federal interest payments will absorb around 30% of revenues by 2035.
Let me read that again.
Federal interest payments alone will absorb around 30% of tax revenues, all revenues coming in by 2035.
You cannot execute President Trump's agenda with that being the case.
Next chart, Denver.
Interest payments is the fastest growing component.
Moody's again, integrated in.
I'm going to get to them in a second, a few comments on them.
Expect federal deficits to widen.
Reaching 9% of GDP by 2035, right?
So Steve's been saying every five seconds, right, we're trying to get from 6% down to 3%.
What does Moody say in their report?
We expect federal deficits to get bigger, reaching 9% of GDP, not 3, going from 9, from 6 right now.
And as you see at the bottom, the fastest growing component of our budget are interest payments as well.
I'm going to post all these at Brad Economics on X and Getter.
Next chart, Denver.
Here we have spending now 51% higher than in 2019.
Look at that chart.
The second-to-last red bar is 2019.
Look at the far right.
Spending, spending, spending.
No one wants to talk about this because this is the hard part.
You won't be a popular kid.
You won't get invited to the wine and cheese circuit up in D.C. Spending is now 51% higher than in 2019.
Why?
According to Carville and the Democrats and all the...
Deep staters never let a conspiracy go to waste.
COVID came in, ratcheted things up, and we never ratchet it down.
Here's what leadership looks like.
I mentioned 60 years ago yesterday on the show.
Next chart, Denver.
Here is after World War II, right?
Spending goes up through the roof for very good reasons, to defeat Hitler and the Nazis and the fascists, the true fascists, who combine big government with big business.
And look what leadership did back then under Truman and then Eisenhower and then, you know, the New Deal and Great Society kicked in and spending starts going up.
But that's leadership.
They didn't keep the spending when they could have.
It went down.
That's what we need to do right now.
Moody's timing, next chart.
I think people know, we mentioned it yesterday on the show, Moody's didn't do the downgrade after the 07-08 financial crisis.
Instead, I could cover this more.
They had to do a big payout for ethics violations.
But that blue line below, the blue line at the bottom is the 07-08 stock market reality, which is fairly dismal.
And then above it...
Is the current state of affairs.
And they do a downgrade then.
And so last, here's for Steve to get Steve's blood pressure up.
Last chart.
What's the result?
This is from yesterday.
After the Moody's result, long-end treasuries up five basis points.
This is a little bit of chart abuse by the person who made it.
But they're going up.
They're not going down.
And that's a message for Congress.
And thanks to my friends Dave Ramaswamy and Boyan Mitrakiev for some great charts.
steve bannon
The 10-year treasurer is roughly four and a half close to it.
You've got to watch that.
Don't have the inflation Biden left us to get even worse.
And President Trump's doing everything on the supply chain.
Dave, we've got to bounce.
Where do people get these charts over the weekend?
We'll get you back on Monday because I'm sure this is going to be explosive over the weekend, folks.
I'm going to be up on social media.
dave brat
And the reality is...
The realities I just put up are not going away.
That's why I want them in the heads of the war room.
Brad Economics on Getter and on X today.
steve bannon
Okay.
And June 15th, less than 30 days from today, will be the 10th anniversary of President Trump coming down the golden escalator.
Everybody remembers that.
That was 10 years ago.
unidentified
Awesome.
steve bannon
Okay?
I say this is the preamble for the Trump revolution that we're hitting now of all these major converging crises and dealing with it.
But what Dave Bratt's saying, that went by in a flash, right?
What Dave Bratt's saying 10 years from now on this current trajectory, one-third of all tax revenues just goes to pay the interest.
Not a penny of debt, no weapons, no schools, no health care, nothing.
A third, in a flash of an eye, a third of all proceeds are going to pay for the interest, folks.
Dave Bratt, social media one more time.
Where do you go?
dave brat
Yep, Brad, economics on Getter and on X. And all you need to do is keep a few of these facts in mind.
It doesn't take many.
The four or five facts I gave you, those are not going away.
steve bannon
They're not going away.
Go read the charts now.
We'll be up all weekend on social media.
Thank you, sir.
Appreciate you.
dave brat
Great, you bet.
steve bannon
Let's go to St. Peter's Square.
Tomorrow the Pope has his mass.
Basically, he's been the Pope since the moment the conclave said it, but tomorrow's kind of the official investiture.
Ben Harnwell, your thoughts are where we stand with Leo XIV.
ben harnwell
Well, good morning, Steve.
We stand in great difficulty.
Right here, the piazza behind me, you see the Vatican over my shoulder.
That's where it kicks off at 10 a.m. tomorrow.
Leo XIV will start the ceremony down by the tomb of St. Peter, Prince of the Apostles, praying for guidance and support as he begins his ministry.
And then in the mass itself, there'll be the two key moments where the pallium is imposed, and that's like the white sort of, sort of like a scarf thing of lamb's wool that goes over the neck and goes down.
And then you'll get the fisherman's ring as well.
The secular press will call this an investiture mass.
Or an inauguration Mass.
It's really neither.
It's the Mass that marks the start of the Petrine Ministry.
The Pope is the Pope to the full authority of his office from the moment he said, "I accept" in the conclave.
This is basically just a ceremony.
But in terms of power, Steve, in terms of secular power, this I think is when the world, or at least the world's Catholics, believe, "Okay, so now he's the Pope." There were about 250,000 people expected right in the piazza and the Via della Conciliazione going down to the river here.
And you're going to ask me, well, you know, what is that Harnwell?
Is that a lot of people?
Is it not a lot of people has compared to the past?
Well, I'll just simply flag up this, that for Benedict XVI in 2005, when he was elected, they had 350,000 people.
So you're going to say to me, well, what's the difference?
There's 100,000 more people 20 years ago.
Now, what conclusions do you draw from that?
And I'll tell you that the turnouts for these things, Steve, it's a barometer on the state of the health, the state of the health of the church.
And that's because after 28 years or something of John Paul II, the church, for all his faults, and he had a number of them, we saw many of them come to fruition under the papacy of...
But for all his faults, the church was engaged and vibrant.
So when Benedict was elected, there were so many people.
Now, after 12 years of bitterness, division, and many faithful Catholics getting kicked in the face, there's a great sense of disillusionment.
The palpable sentiment right now, perhaps I'll finish this after the break, Steve, because I've got a few points to make, but the palpable...
I feel right now in the piazza behind me is one of relief.
steve bannon
What about, we've got about a minute, a little over a minute, I want you to say, what about the traditional Catholics?
All the fights we had with Bergoglio, Sinality, the kind of pagan worship they were bringing in, where do we stand with all that?
ben harnwell
Steve, well, there was a great article in yesterday's Vanity Fair, I think, you and Posso were covered generously in that article.
The key takeaway of that, and I will dig down on this after the break, is this pivot that so-called traditional Catholics made within 24 hours of Leo's election.
First, they were extremely preoccupied.
Now, they're embracing it.
And there's a reason for that.
And the Warren Posse needs to know what that reason is.
And that's because it's all about the grift, Steve, that's going on in this huge apparatus that surrounds the Catholic Church.
It's all about the grift.
But I'll dig into that, if I may, just after this break.
steve bannon
I think you see now that one of the reasons I say he's going to be selected, the New York Times got a great piece this morning.
It talks about kind of the process of him entering the priesthood, Peru, all of it.
But he was selected by, it's very clear by the New York Times, he was selected by Bergoglio.
Bergoglio saw him a couple of years ago and didn't agree with everything that he had to say, but saw him as a comrade in arms.
In taking Ford Bergoglio's program.
That's why he's been a Cardinal less than two years.
And I will tell you the possibility that someone has been a Cardinal less than two years that was not very well known to the American Cardinals.
In fact, they continue to say he's the least American of all of them, and none of them really knew the guy.
Not that well known throughout the world, although he did work in the dicastery to pick the archbishops.
To be selected on the third ballot?
No, I'm not buying it.
Just like I didn't buy the 2020 election.
Short break.
Ben Harnwell next.
unidentified
Here's your host, Stephen K. Band.
steve bannon
Okay, Ben Harnwell joins us.
Ben, you're talking about the grift and the trads.
I don't normally associate those two, but what's happening here?
ben harnwell
Well, Vanity Fair, Steve, did a great favor, great courtesy.
To traditional Catholicism, to true traditional Catholics by publishing this article yesterday.
Daniel, if you put the thing up again as I'm talking, and I'm going to link to this, obviously, on Rumble.
Everyone needs to see this.
This is Vanity Fair saying this, OK?
It's not Harnwell.
Basically, the thesis is, and it's absolutely true, within 24 hours of Leo's election, Cardinal Prevost's election, all the tribes...
Oh, no, this is terrible.
It's catastrophic for our cause.
And then they pivoted within 24 hours.
And Vanity Fair does chapter and verse.
Why is this taking place?
Well, it's because of this phenomenon that I like to call traditional Catholic ink.
OK, these are the grifters.
You can see them here.
You can see all the people that have been taking down their tweets, closing down their YouTube film footage.
These are the people, war impossible.
Don't go anywhere near them.
They're not telling you the truth.
You mentioned, Steve, the New York Times article this morning.
I'm going to link to that as well.
It does indicate that Bergoglio stitched the whole thing up.
If you don't believe me, go down to the section of this article.
It's called the Vatican Fast Track.
It lays it all out.
Bergoglio asked one of his colleagues, if I name Provost as head of the office for bishops, how do you think he will do?
And the priest responds, I think he'll do very well.
Francis says, I think he'll do very well too.
This was the plot.
So you've got to ask yourself, if Bergoglio was so gung-ho in getting this guy in his pope, why are all the so-called traditionalist Catholics, why are half of them going and pushing Leo, saying, let's give the guy a chance.
He wore the red mozzetta on the balcony.
Surely he's going to be traditional.
The point is, Stephen, I wish I had more time to build on this.
I'll lay it out now.
I'll go into it in more detail on another occasion.
The truth is this.
For Catholic organizations, under 12 years of Bergoglio, the donations went down through the floor.
So all of these organizations, if they had the word Catholic in them, run for your lives, okay, all they could do if they were on the conservative side of the spectrum was weakly go through the emotions, performatively opposing Bergoglio.
Now that they've got someone in who's rather more subtle...
They've realised within 25 hours, hang on, we're doing ourselves injustice here.
We've got to tell our gullible benefactors and donors that this guy is our new hope.
We've got to get that money coming back in.
So, folks, you're going to see division in MAGA.
Vanity Fair pointed this out.
They're absolutely right.
You're going to see a division in Catholic MAGA between the grifters and, I have to say this, Steve, this war with the war room...
Transmission has been constant from the get-go.
We've told the truth.
We said there was no mourning for Francis.
unidentified
We warned about Prevost and we're going to continue this analysis.
steve bannon
This is also 10 days before the conclave how I picked Prevost because I could see what the fix was in.
They were going to get someone ideologically.
They had a guy that nobody really knew ideologically tied to Bergoglio.
Plus, he was American enough.
That the big donors would feel like, oh, I can get access and get a papal blessing and all the things big donors want.
They can get the American money again.
It was only the dramatic drop in American cash that put the fear of God in these people, right?
Because they knew that the liquidity problem the Vatican has.
So we'll cover it tomorrow as the Mass, and then we'll have you back on Monday and go through more of this in depth.
But you're 100% correct.
Nothing's changed.
In fact, Bergoglio and these guys, the radicals, got exactly the perfect Manchurian candidate.
As we say.
And we ain't changing one bit.
Ben Harnwell, where do people go to follow you and particularly all the insights you're putting up and all the stories you're going to be putting up from the media about this entire situation?
ben harnwell
Steve, I'm exclusively on Getter, my social media platform of choice.
Just tap in at Harnwell and there I am with my analysis.
Thanks, Steve.
God bless.
steve bannon
Thank you very much.
Appreciate you.
You know, the other day I was misinformed.
I thought the great Patrick Wood had actually had his demise.
We did not.
He had gotten ill, but it turns out he turned it around.
Patrick Wood joins us.
Patrick, the reason that you were back in the discussion is everything that you've taught us about technocracy, and particularly one of the guys that took that radical idea from the 1930s when it was developed.
under FDR and with these technocrats and really kind of drove it forward.
That was Dr. Brzezinski, this new book out with Ed Luce.
Talk to us about it.
Talk to us about technocracy.
Well, first off, how are you doing?
Everybody welcomes you back.
I was actually shocked when somebody said, I think it was Joe Allen said, hey, Patrick's alive and well.
So how are you doing?
unidentified
I'm really doing good, Steve.
We have a lot of followers in common, you know.
And immediately I got texts telling me that I was dead.
You know, I was like, well, I think I'm still here.
steve bannon
Like Lazarus.
unidentified
I did have a stroke two years ago, and I had a heart attack as well.
And I came through that, and I'm glad to be here.
Certainly.
It was a miracle.
Even the doctors said they did not expect me to recover at all, that here I am.
So I'm still in the game, and I'm on the trail of technocracy and transhumanism, and I'll probably be that way until I do die.
So here you go.
steve bannon
The developments that have happened, and particularly this new biography of Brzezinski, talk to me about technocracy and transhumanism.
Where do you think we stand right now?
AI is moving down a path which is only one part of transhumanism, but much more rapidly I think people anticipate it, sir.
unidentified
It really is.
By the time that Trump is out of office, by the way, probably the power of AI, the capability of AI is going to increase.
Probably 10,000 to 15,000 times where it is right now.
This is the trajectory that AI is on right now.
So we probably are very, very close to AGI, that's General Intelligence.
And, you know, at this point, all bets are off.
Really, hardly anybody understands what AI is capable of doing.
It's sweeping the federal government at this point, and that's very disturbing to me.
But AI is the pinnacle of weapon development for technocrats around the world, and they're using it efficiently at this point.
And so you see people like Sam Altman, for instance, getting rid of the safety teams and stuff.
This is happening all over the industry because they're all racing forward to get the big prize.
steve bannon
I keep telling people there's more regulation if you want to open a nail salon on Capitol Hill or a hair braiding salon.
You have to go through more regulations than Altman and Musk and these other folks for AI.
What's your assessment of that?
unidentified
There's been a concerted effort over the years to relax or remove regulations for this whole sector of AI.
But not just them in particular, but, you know, others as well.
But when AI, at this point, can escape scrutiny from the Congress and other state legislators around the country...
You know something bad is going to happen because we need this political insight.
We also see this technocrat class, they're anti-politician at all in the first place because we saw this in the 1930s where the technocrats of that day hated politicians and we see this sentiment today.
And so, you know, Congress is being kind of neutered right now over this issue of are we going to let them go or not?
And we'll see.
I think it's very dangerous, personally.
steve bannon
What's your recommendation?
What do you think?
You're saying that in the march to AGI, it's going to be 10,000 to 15,000 times more powerful.
That means it's going to be an overwhelming force in the next couple of years.
Do you think society is ready for that?
Is this constitutional republic ready for that?
Are the citizens of the United States, MAGA, are the deplorables ready for that?
unidentified
They're not.
They have no clue.
But by and large, they have no clue.
But conservative estimates at this point that AI is like doubling in its prowess every four months or so.
You just double that.
And, you know, well, in four months, it'll be double from now.
Then eight, another four months after that, it's going to go to eight and so on.
Well, this doubling process, it catches up with you at some point.
And you're right.
It's going to be overwhelming for most people to understand what's going on.
For some people, it's going to appear like magic, honestly.
But they won't have no way.
I don't understand it all.
But our legislators at this point are really clueless what's going on.
And, you know, the people that have trusted, for instance, Elon Musk with his Doge effort, well, AI is all of a sudden in the picture, whether you like it or not.
It's going to be set in place in stone in our government operation, top to bottom.
And who's the watchdog?
There isn't any at this point.
steve bannon
Who watches the Watchmen?
I think, I may have my numbers wrong, but I think I'm close.
Microsoft, is it 3% of the workforce?
They're talking about laying off 3% of the workforce.
30%.
Anyway, Microsoft's having a big layoff.
30% of the layoffs are because of AI directly.
And this is my whole thing about H-1B visas now, that we've got to get up on H-1B visas because...
It's quite evident AI, as we predicted, is going to cut through at least the entry-level coding jobs very rapidly.
Your thoughts, are we prepared at all for the restructuring of basically the economy, particularly the tech economy, around fewer individuals and more AI, sir?
unidentified
No.
There's no way that we can be prepared because it's coming, and how do you prepare for something that you can't change?
He is one of the tech bros that helped Trump select a lot of these technocrats that came into the administration.
Marc Andreessen, just a few weeks ago, unbelievably, he's supposed to be a MAGA guy, right?
At least he's pretending to be.
He said that wages are going to crash because of AI.
What does that mean for the American people?
Wages are going to crash because of That's pretty serious stuff.
Well, this is exactly what is going to happen.
Salesforce, for instance, a giant company, they just recently said, we're not going to hire any more people because AI is taking the slack.
So we don't need any more programmers at that point.
And, well, you see the handwriting is on the wall.
This whole business with robotics right now, this is another issue that we have to confront.
Because robots are coming to a town square near you at this point.
And it's going to be overwhelming when people see these robots walking around with a brain and they're intermingling with people, telling people, you know, have a nice day.
steve bannon
Yeah.
Microsoft actually said 30% of their code as of now is written by AI.
Patrick, welcome back.
Lazarus.
And where do people go?
Social media and website to get all your books and writings?
unidentified
You bet.
Technocracy.news.
That's Technocracy News and Trends, where I have the news.
And also, I predict trends as well.
That's my main function at this point.
And I'm on Twitter as well, Stop Technocracy.
And people are welcome to go and interact and get with them.
This is my life's mission, best point, Steve.
You know that.
I've been on this for 45 years.
steve bannon
You know this from the beginning to the end and into the future.
Patrick Woods, a great American, a great patriot.
Thank you, sir.
Honored your demise was overstated in your back better than ever, sir.
unidentified
Here's your host, Stephen K. Bannon.
steve bannon
Okay, we had George Simeon on last night for his last appearance before the quiet day in Romania, which is, sorry, they can't campaign today.
Voting starts tomorrow at 7 a.m.
Scarlett Karaleva, a top young independent journalist, is there on the ground in Romania.
Ma 'am, why is this election so important?
unidentified
Tomorrow, the future of Romania will be decided because there's one thing that's very clear that I've observed here.
People are fed up with the current system.
They want to have change.
And to explain to you why these elections are so important, I will need to give you a little bit of the background information, which I haven't heard in any other analysis.
It's, for example, that after the fall of communism in 1989, when Ceaușescu was murdered, Romania never actually became sovereign.
What happened is that the second layer of the Communist Party took over, and they took over everything, all of the minerals, because Romania is incredibly, incredibly rich in terms of minerals, oil, gas.
And to pack it in a nice way, they now are part of NATO and of the European Union.
So you've got the bureaucracy of Brussels on top of that as well.
And at the same time, Romania is still being governed by those communists.
They're still not sovereign.
Their economy is incredibly bad.
Actually, they paid in three months' time 12.5 billion late.
It's 2.5 billion euros just on the interest of the debt that they have.
And there's a massive brain drain that they had as a result of entering the European Union.
My age, you don't see them around here.
The young people have left.
You only see old people and you see children.
And this is also reflected, for example, in the diaspora, the people outside of Romania that voted.
They voted for George Simeon because they want to come back home.
They want to rebuild their country.
They've seen that in Europe there's no future.
They want to come back home and rebuild Romania.
So this is why the elections are important for the Romanians.
This is their moment to get their country back and to actually become sovereign.
And the second reason why these elections are so important is because it's not just...
George Seaman has done an incredible campaign going through the different countries in Europe.
He met with Georgia Maloney.
He's meeting with, hopefully, the next future president of Poland, Nawrowski.
And imagine what that will do in Brussels when there's like a strong conservative bloc that can actually counterbalance the Eurofederalists.
That we're dealing with.
Then we can make a change.
Then we can make Europe great again.
And then we can go back to a nation that has Christianity at the heart of it, that puts family first, that puts God first.
And with that, we don't make just Europe great, but we can make the West great again.
steve bannon
Scarlett, where do people go?
We'll have you on Monday, but we're going to be following this on social media tomorrow.
Where do people go to follow you on social media while you're there?
Because we know you're very close to the inner circle of this populist nationalist sovereignty campaign.
So where do people go?
unidentified
Yeah, quickly to brief on why I'm here is to really make sure that the elections are happening in a fair way.
We need to keep in mind that only the people of Romania should...
Go to the ballot and decide who's actually going to be their leader.
Just a little quick example and then I'll move on.
Yesterday in Moldova, the people could go and vote as well.
steve bannon
I tell you what, Scarlett, we're really jammed for time.
I just need your social media.
We'll follow you on social media because we're really backed up with a couple of things.
What's social media?
unidentified
You can follow me on x at Skaraleva.
steve bannon
Thank you very much.
Look forward to following you, ma 'am.
Great summary.
Of course they're going to try to steal it.
Paper ballots and all, one-day voting.
That's where we've got to be on point in Romania.
Grace Chung, we've got a major announcement on merch for the war room.
What do you got, ma'am?
Grace, you've got to unmute yourself, ma 'am.
Do we not?
unidentified
Jenna, you guys might know her as the deplorable artist woman.
So we've got...
Original designs, she's a great artist, and she really helped us, Steve, when you were in prison, she gave us, like, she donated her time doing all this art, so we're so extremely proud to be collabing with her.
And I'm actually wearing one of her, the nomenclature one, I don't think you guys can see, but it's awesome.
It has all of Steve, what he taught us, his nomenclature.
And also, another one is, it's just so cool.
This one is We Are Not Descended from Fearful Men.
And just so much new merch.
And we have exclusive designs.
This is how we force multiply.
So go to shopwarroom.org and wear it proud.
Start conversations, spread the fire, and force multiply.
And we have, you know, number two, Pernsell.
We have Fixed Bayonets.
Another awesome one, the MAGA Godfather, which is the Honey Badger.
And we're getting so much other designs out, so keep on checking every single week because we have new designs all the time.
So that's shopwarroom.org.
And also, by popular demand, we are going to come out with an MBI line.
Our team is working on this, so we're super excited about it.
And remember, it's a movement built in.
It's baked in who we are.
It's the commitment, the fight, the spine.
It's in our DNA.
So look out for that.
And I also want to mention going into signing up for a newsletter at warroom.org.
We send out a killer Saturday command brief every week.
And also...
JoJo, she dropped a part three to her boots on the ground, and it's essential reading.
She breaks down the real battleground for 2026.
All the vulnerable Democrats and rhinos holding on by a thread.
And we're talking about Arizona, Georgia, Michigan, Pennsylvania, Nevada, North Carolina, Wisconsin, and yes, even Texas.
So that's a must-read.
You go to warroom.org.
It is there.
And also, download the podcast.
I know some of you guys hate Big Tech, but just staying on downloading it, keeping us number one, that sends out a huge message.
So, lastly, billblasterapp.org.
Keep on calling your representatives.
steve bannon
Where do they go for the merch?
Where do they go right now?
unidentified
Go to shopwarroom.org.
Well, we're working on this, but we've got also the dark war room hat.
We've got great merch.
You guys are going to love it.
We're super excited.
steve bannon
Thank you, ma 'am.
Fabulous.
Mouth-breathing imbeciles.
MBI, I love it.
I can't wait till that's up.
Mike Lindell, sell me some sheets, brother.
unidentified
All right, you guys, this is it.
All good things must end today.
The Gaze of Streets, this is it.
This is it, everybody.
mike lindell
We're going to do every Giza sheet, no matter what size.
unidentified
$49.98.
There they are.
steve bannon
Promo code WARROOM.
And go to MyPillow.com.
Scroll down those crosses.
unidentified
You have a day left of that, too.
steve bannon
50% off on the crosses.
unidentified
Call 1-800-873-1062.
steve bannon
Promo code WARROOM.
The most powerful promo code in the business, MyPillow.com, promo code War, and Mike Lindell.
We'll see you back here Monday morning live.
We're up on social media all weekend.
It's going to be on fire.
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