Commentator 3 (29:51)
Okay, the Birch also Birchgold. You can, if you got a phone, you can text Bannon B A N o N at 989-898. Make sure you do that today. Check it out. Get all the free information. Times of turbulence, the Hill article, the Hill, the newspaper article. You're going to see this in Scott Besant today. As I've said, we've kind of narrowed the range of alternatives for President Trump. Just reality. This is what the Biden regime has left him. President Trump, let's go back to the three lines of work and the three ways he's going to attack it. Right? You have the three lines of work is number one, the ending of the kinetic war you saw. Just saying. President Trump's masterstroke in Israel. I realize a lot of our colleagues and contributors are not happy. They think it's a surrender. They didn't remove Hamas from Judea, Samaria or Judea and Samaria. They didn't take care of all the combat battalions in southern Gaza. The war's not over. I happen to think even if you come to a ceasefire, there's going to be things going to be reunited. It's going to be back up within 90 days. But President Trump wanted to cease fire, wanted the hostages returned. He wanted that done before he got in office because I think he's sending a signal. He's got other things he has to focus on. He doesn't want to shoot anymore there. Not saying that's not going to happen because I don't know if this ceasefire will hold. The biggest, most important he's got to do now on the Third World War kinetic front is Ukraine. And I'm a huge advocate for the president to step up and to say on Monday and to lay out a framework and to really tell the Ukrainians, you know, we're going to get on with this because we're not going to be around forever. We're not going to support this. We're not going to send troops on a security, you know, on a security mission. They're looking for security guarantees. You keep seeing this phrase security guarantee. When you hear security guarantee read American troops. I know they're saying now it's going to be NATO, it's going to be U.K. look, those guys won't put in the money and security guarantee. They want our unlimited cash for weapons and for arms and for rebuilding and they want, they want our troops. Well, people just have to look out to California. We don't have the money to rebuild the world. That's gone. And that is the framing yesterday in the OMB hearing with Russ Vogt. Russ is very upfront and there's got to be some tough choices made. And they came after him nonstop and he really came across, I think, fantastic. But the frame now is everything. We can't afford it. Right. We're essentially, I don't know if we're going concern as far as the financing of this because you have an economic plan, an economic plan for the country and that's quite frankly, you want to be as, as close to hands off as possible and just let self organize around capitalism. Yes, you do have to have some sort of, you know, regulatory apparatus. I happen to think now that you have to, the regulatory apparatus got to step in and start to break up this big tech situation. And when Biden last night talks about oligarchs, they created them. Let's not have Them erase history and talk about this now, you know, now spending is a big deal for them. Now these oligarchs are a big deal for them. It wasn't a big deal when they were doing it. They're the ones that initiate this massive over the top spending. And people warned them about it. This show warned them about it. People we had on the show, like Scott Besant. Does that name sound familiar? Oh, yeah. He's gonna be Secretary of Treasury. Like Russ Vogt. Does that name sound familiar? Yeah. He's gonna be director of omb. Peter Navarro, does that name sound familiar? Oh, yeah. Senior counselor for trade manufacturing. I get it. We brought those people on for a reason. They understand President Trump's economic philosophy and they can implement that. But you have two things. You have both economics and finance. They're not the same. Economics are kind of the doing of things, right? The economy, economics, the goods and services, production, distribution, marketing, the animal spirits, unleashing the entrepreneurial spirit of the American people. The other, finances. How we're actually going to pay for this? How are you going to finance it? It's going to be equity, it's going to be debt. This government, how's it going to be done? Where are the sources of revenues, where the sources of proceeds and where the uses of proceeds? One thing I ask you all the time is look around. $36 trillion. Where to go? Huh? Where to go? Where's your 36. Where's the 36 trillion, $36 trillion, where to go? Ask yourself. Look around. That's the, that's the uses of proceeds, which has to get to be. We have to really start to rethink that because we're spending a lot too much on operations and not enough on investment or infrastructure. The sources of proceeds. And this is where President Trump the masterstroke is to think about it. Well, hang on for a second. Why is it all internal revenue? Internal revenue is just a mindset we got into at the beginning of the 20th century when we went away from tariffs and went away from more of the what's called the American system that was developed and laid out by Alexander Hamilton. Remember, we have three I say sacred documents that came from divine providence at the beginning, the Declaration of Independence, the Constitution, but also the report on manufactures. The report on manufacturers from Alexander Hamilton at the very beginning is inspired. If you look there, that's as sophisticated as you could possibly get about how to build an industrial economy out of a wilderness. That brother had vision. And this is why I say Hamilton with all his flaws, remember He's a quite imperfect instrument. You heard that before. He's a quite imperfect instrument. But man, what a genius. The American system up until for the first 140 years, we financed it all from the outside. President Trump with the External Revenue Service saying, hey, I realize, but all the burden for this apparatus, and this apparatus provides so many benefits, not just to the people in the United States, but throughout the world. Like the American military commitment. Why is it only the United States and pesos, yes, allies throw some in on their specific reason, but the way I think President Trump looks at this is that, hey, it's a premium seating at a football game or a baseball game or a basketball game. The United States behind the golden door is the greatest, most lucrative market in the world. Why is that? Because of you. Remember, you're the full faith and credit of the United States government. It's not the sec, it's not the Federal Reserve, it's not the US treasury, it's not Congress, it's you, the people. It's on your shoulders and now it's really on your shoulders. One of the reasons inflation is not going to go away is the refinancing of this massive debt. We're just adding deficits onto it all the time. But I think Scott Besson's got, I think it's $7 trillion of government securities got to refinance. They come in at higher rates. And right now, as we told you, the ten year Treasury, I think things backed off a little bit yesterday, but in England they kind of got the bond. Vigilantes are in revolt. The guilt is blowing up because they don't believe the business model of what the Brits are putting forward. And Starmer and the Labour Party is already, I think they're in the high 20s of popularity. They were not, they were not ready for, for, they were not ready for short time. We have somebody ready to go. We're producing this on the fly. They're starting up now. Let me know when he gives his opening statement. Okay, we got Scott Besson, right? Pam hasn't, hasn't shown up yet. Pam, running a little late, let me tell you. If Lee Zeldin's getting attacked by a Democrat, we'll jump in there. We're going to try to juggle today and do all of this. The Freedom Caucus, along those lines. The Freedom Caucus has put forward a proposal. The proposal, it basically says they need offsets, but they've offered up a two year relief on the debt ceiling. Have you ever heard the debt ceiling? Have we ever mentioned that on the show maybe a couple, three times. I think the bid and the ask. I'm just saying, I think the ask is going to be. I think the ask is going to be four years. No cap. I don't know. Just saying he's going to want exactly what, exactly what Biden got by McCarthy when McCarthy got turfed out by that, the Freedom Caucus. I got to do this in memory. It's not in front of me now, and I can't pull up my phone. But two years, $4 trillion. Two years, $4 trillion. So that's telling you something right there. I mean, that's two. Hey, don't want to say we called it, but we called it. $2 trillion deficits, the next two years, they're asking for increase in the. This is the Freedom Caucus. These are the biggest budget hawks out there. I think that's right. Can my producer get it from Grace and send it back to me? So it's the top of my feed. They just put out a statement and they want to have offsets, offsets against all the. So let me, let me just step back for a second. And how do I do this? Give a slight reality check here. I said this at the political thing the other day. When they come up with these budgets and all this stuff and they're talking about we got more conservative WINS. And remember McCarthy, we have more conservative wins than we've ever had. His people, some of his people around him called me up and said, you're missing the point. These are more conservative wins than we ever had. Johnson, his favorite phrase. Remember that debacle on the, on the 1500 page cr. We've got more conservative. When I got so many conservative wins. When they use the phrase conservative wins, they're selling you smoke and mirrors. As soon as that phrase crosses their lips, just shut down and go, no, screw you. I don't want to hear it. Because they're trying to sell you more spending. Now on the Freedom Caucus, when they talk about a debt ceiling lift, and these are the most conservative guys, President Trump's not going to say, okay, two years for trillion. He's just not going to do it. I don't think he's just not going to do it. He's not going to want to. He's not going to want a constraint, I don't think. But they're offering up two years of $4 trillion. That means $2 trillion. Just simple math. That means $2 trillion deficit the first two years. That implies something. Number one, where's Doge and I want to get back to just process in critical paths, audiences up to speed so you're smart, so that you've got the information, you're going to be engaged in this fight. The CR kicked down to March. March is the government runs out of money again almost halfway through the fiscal year. Don't have a budget, don't have an appropriations that we promised and committed that we're going to do. But for whatever reason, we don't have it. But March 20th is a date. Note to self, March 20th is 60 days from Monday. So two months President Trump has. And we want single subject appropriations bills to go through it, you know, chapter and verse. Also the DOGE guys have to merge in that the Doge cuts can only come from an appropriations process. Other than that, it's just an exercise in writing a white paper. It's another commission. And these commissions go nowhere if Doge is to have impact. And that's why it's an advisor to guess what, omb, right in that they can really put in the deconstruction of the administrative state what they want to do. Okay, now they promised $2 trillion. And their promise, when they made the $2 trillion cut, it was on the six and a half trillion dollars of annual federal spending. It wasn't a 10 year. They may not realize at the time, but they were talking $2 trillion. In President Trump's mind, that was 2 trillion out of 6 1/2. So my question is, where's the beef? We want Doge to work in the biggest way possible. That's the way you deconstruct the administrative state. You put a, a brilliant team of very smart people that are entrepreneurs outside the system. They can look at it new and it's not going to come from waste, fraud and abuse. Let me just. That's a fantasy. When somebody says waste, fraud and abuse, they're also selling you something. Is there waste? Absolutely. Is it duplication? Yes. Is there abuse? Yes, all of that. But that is on the margin. It's on the margin. The problem is you're doing too much. You're doing too much with people. And even cutting bodies is not you got to cut programs. It's programs and billets. Programs and billets. Programs and billets. That's what you have to be focused on before you get to the entitlements. That's a different kettle of fish. You got to get there eventually, but you have to have buy in by the American people. Maybe not for Medicaid, that's a different topic. But for Medicare and Social Security. If you're going to make any change at all, the American people have to buy into this. The only way they're going to buy into it is see the political class actually do their job. Talked about doing their jobs. We need you at the ramparts. The reason we're winning on the confirmations, number one, they're prepared, they're warriors and they're ready to go. But you've had their back. Not just Hexeth everybody. It's been magnificent. So we need you at the ramparts to need you at the ramparts. We can't have you have angst or anxiety or be your focus be taken off. That will happen if somebody gets into your title and takes out a massive second mortgage, like 100,000 bucks and you got to pay it off, you get no cash, you got to pay it off. That kind of is more than a speed bump. That is a, that is a existential threat to you. Hometitleock.com Bannon you get 30 days free. Natalie Dominguez is over there. They get massive information. Talk to one of their reps. Go there today. Hometitlelock.com Bannon you ever think, how can.
