Episode 4317: Turfing Out The Spineless Representatives Who Betray Their Country

Summary

Episode 4317: Turfing Out The Spineless Representatives Who Betray Their Country
Host: Stephen K. Bannon
Release Date: March 6, 2025
Podcast: Bannon’s War Room
Description: In this episode, Stephen K. Bannon delves deep into the current political landscape, critiquing Democratic leadership, analyzing President Trump's geopolitical strategies, and discussing the pressing economic challenges facing the nation. Featuring insights from political analysts and military experts, the episode provides a comprehensive look at the internal and external factors shaping America's future.

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1. Critique of Democratic Leadership and Actions

Stephen K. Bannon opens the discussion by addressing the perceived ineffectiveness of Democratic members in Congress. He highlights their inconsistent protest strategies and lack of cohesive action, suggesting that their efforts have left voters feeling abandoned.

Key Points:

• Inconsistent Protests: Democrats have shown varied protest tactics, from wearing protest T-shirts to waving signs, but lack a unified strategy.
• Court Reliance: Democratic leaders often rely on winning in courts rather than taking legislative action, which Bannon criticizes as ineffective given their limited majority (00:00 – 01:51).

Notable Quote:
“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.” (01:51)

2. Geopolitical Strategy and Trump's Policies

Bannon, along with contributors like John Podhoretz and Colonel John Mills, examines President Trump's foreign policy maneuvers, emphasizing the potential ramifications of abandoning Ukraine and reorienting alliances.

Key Points:

• Abandoning Ukraine: Critique of Trump's decision to reduce support for Ukraine, suggesting it aligns with Putin’s interests and undermines NATO.
• Repositioning Alliances: Concerns about the U.S. forming an adversarial alliance with Russia and China, which would isolate Europe and destabilize NATO (01:51 – 04:03).
• Strategic Defense: Discussion on hemispheric defense and the strategic importance of the Arctic in countering Chinese ambitions (02:30 – 05:00).

Notable Quote:
“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 axis, a new alliance of Russia, China and the United States.” (03:42)

3. US Defense and Budget Analysis

The episode delves into the U.S. defense budget, comparing it with European counterparts and critiquing the inefficiencies within other nations' military expenditures.

Key Points:

• Defense Spending Comparison: The U.S. spends a trillion dollars on defense, vastly outpacing the UK and France, which spend approximately $40 billion and $120 billion respectively (04:45 – 06:00).
• Bureaucratic Inefficiencies: Criticism of European military bureaucracies as being less effective and efficient compared to the streamlined U.S. defense apparatus.
• National Defense Strategy: Emphasis on restructuring U.S. defense to secure hemispheric borders and counter global threats (06:00 – 08:00).

Notable Quote:
“The bond market told them that yesterday. More on President Trump in a moment.” (03:42)

4. Economic Plans and Deficit Reduction

Bannon outlines President Trump's comprehensive plan to balance the federal budget and reduce the national debt through strategic spending cuts, external revenue generation, and supply-side tax reforms.

Key Points:

• Deconstructing the Administrative State: Significant programmatic changes aimed at reducing waste, fraud, and abuse in federal spending (08:00 – 12:00).
• External Revenue via Tariffs: Implementing tariffs and encouraging domestic manufacturing to generate additional revenue and reduce reliance on foreign economies (12:00 – 16:00).
• Supply-Side Tax Cuts: Advocating for tax cuts targeting the working and middle class while opposing corporate tax breaks that do not contribute to economic growth (16:00 – 20:00).

Notable Quote:
“President Trump is concentrating everything we learned from the Depression and the post-war international rules based order and he's turning it on its head simultaneously.” (17:45)

5. Appropriations vs. Reconciliation Debate

The discussion shifts to the legislative strategies within Congress, contrasting the use of appropriations bills with reconciliation as methods to fund government operations and implement budgetary changes.

Key Points:

• Reconciliation Challenges: Democrats favor reconciliation to pass budgetary measures without broad bipartisan support, which Bannon argues is ineffective and laden with political maneuvering (20:39 – 25:12).
• Rescission vs. Impoundment: Differentiating between rescission (withdrawing funds) and impoundment (holding funds back), and their implications for budgeting (25:12 – 32:05).
• Senate vs. House Dynamics: Highlighting the Senate's resistance to aggressive budget cuts and the House's struggles to agree on spending priorities (28:40 – 32:05).

Notable Quote:
“We haven't seen this. And quite frankly, if you took all the Great Depression, right, and leading up to the second... what President Trump is doing is beyond historic.” (04:45 – 05:00)

6. Economic Forecasts and National Debt Concerns

Economists and contributors discuss the looming threat of a depression by 2030, driven by Social Security and Medicare reaching breaking points, compounded by a shrinking workforce and escalating national debt.

Key Points:

• Depression Forecast: Predictions of a severe economic downturn due to systemic financial pressures, including Social Security, Medicare, and a growing national debt (14:57 – 16:37).
• Gold as a Safe Haven: Advocacy for diversifying investments into physical gold as a hedge against economic instability (14:57 – 16:37).
• Policy Recommendations: Strategies to protect families and the economy, emphasizing fiscal responsibility and strategic investment (16:37 – 19:52).

Notable Quote:
“Gold is a safe haven in hard economic times. And Birch Gold makes it easy to diversify a portion of your savings into physical gold.” (14:57 – 16:37)

7. Tax Cuts and Economic Impact

The episode critiques the current tax policies, advocating for tax cuts that benefit the working and middle classes while opposing corporate tax breaks that do not contribute to economic growth.

Key Points:

• Targeted Tax Cuts: Support for eliminating taxes on tips, overtime, and Social Security for working-class individuals, while opposing tax cuts for the wealthy and corporations unless they are reinvested into productive capital (30:53 – 32:05).
• Critique of Democratic Tax Plans: Labeling Democratic tax proposals as unrealistic and economically damaging, emphasizing the impossibility of implementing promised tax cuts without exacerbating the national debt (30:53 – 32:05).
• Economic Growth Assumptions: Discussion on differing forecasts for GDP growth, with Trump’s optimism contrasting with more conservative estimates from institutions like the Congressional Budget Office (31:09 – 32:05).

Notable Quote:
“I'm only, 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.” (31:09 – 32:05)

8. Conclusion and Call to Action

Stephen K. Bannon wraps up the episode by reiterating the urgent need for fiscal responsibility and strategic budgeting. He emphasizes the importance of cutting federal spending, securing the nation’s borders, and balancing the federal budget to prevent economic collapse.

Key Points:

• Urgency of Action: Emphasizing that the government cannot defer fiscal responsibility any longer and must take immediate steps to balance the budget (32:05 – 44:08).
• Strategic Recommendations: Encouraging listeners to support measures that reduce federal spending and promote economic growth through targeted tax cuts and external revenue generation (44:08 – 56:29).
• Final Remarks: A strong call for leadership and decisive action to steer the nation away from economic turmoil and political inefficiency (56:29).

Notable Quote:
“We 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.” (51:12 – 56:29)

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Notable Quotes with Timestamps

• “Democrats could start that tomorrow on YouTube. There are a million options they could do that they're not doing.” — David Jolly (01:51)

• “If Donald Trump says, screw you, Europe, I'm getting greater reception and sympathies from Russia and Putin.” — John Podhoretz (03:42)

• “President Trump is concentrating everything we learned from the Depression and the post-war international rules based order and he's turning it on its head simultaneously.” — Stephen K. Bannon (05:00)

• “Gold is a safe haven in hard economic times.” — Colonel John Mills (14:57)

• “I'm only, 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.” — Stephen K. Bannon (31:09)

• “We can't do it on fantasy. Too much fantasy and happy talk has gotten us to this place.” — Stephen K. Bannon (56:29)

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Insights and Conclusions

In this episode, Stephen K. Bannon presents a scathing critique of Democratic leadership, emphasizing their inability to present a unified and effective strategy in Congress. He lauds President Trump's bold geopolitical strategies, arguing that they are necessary for reasserting American dominance and ensuring global stability. The discussion extends to the urgent need for fiscal responsibility, highlighting the unsustainable national debt and advocating for targeted tax reforms to stimulate economic growth. Bannon calls for immediate and decisive action to overhaul the federal budget, reduce spending, and implement policies that benefit the working and middle classes. The episode underscores the precarious economic and political state of the nation, urging listeners to support measures that safeguard America's future.

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Note: This summary excludes advertisements, promotional segments, and non-content sections to focus solely on the substantive discussions within the episode.

Transcript

[Stephen K. Bannon]

Gave his joint address.

[David Jolly]

We saw Democrats do all sorts of things.

[Stephen K. Bannon]

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.

[David Jolly]

All of their actions were widely panned as a bad idea. They couldn't agree among themselves on what. 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 sign. And then, you know, when you interview them and ask, I have, you know, 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. Like 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. They can, you know, propose legislation. That was one thing. And then the other message I kept getting is from 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 10am 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 their voters feel abandoned.

[John Podhoretz]

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 six. 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 US 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 axis, a new alliance of Russia, China and the United States.

[Colonel John Mills]

This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on this.

[Mike Lindell]

People.

[Stephen K. Bannon]

I got a free shot.

[Colonel John Mills]

All these networks lying about the people.

[Stephen K. Bannon]

The people have had a belly full of it. I know you don't like hearing that. I know you try to do everything.

[Colonel John Mills]

In the world to stop that, but you're not going to stop it.

[Stephen K. Bannon]

It's going to happen. And where do people like that go to share the big lie? MAGA Media. I wish in my soul, I wish that any of these people had a conscience.

[Colonel John Mills]

Ask yourself, what is my task and.

[Stephen K. Bannon]

What is my purpose? If that answer is to save my country, this country will be sa War Room. Here's your host, Stephen K. Ban. It's Thursday 6 March in the year of our Lord 2025. Where do we start? Well, let's take David Jolly. This one.

[Colonel John Mills]

Msnbc.

[Stephen K. Bannon]

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've. 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, you know, backbench congressmen that don't know anything. And the poison you're putting in people, also the leading information. No David Jolly, and that was Stephanie Rule, 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 even 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 century, 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 repurposing 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, to the second drop of the depression, 1938, the first, obviously 1929 to 1932 and 32 in those first couple of 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, you 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 mo. 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. You're 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 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 and 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, 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. David Jolly, don't throw out the crap and the nonsense. Oh, it's 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 the Sky 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. 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, Von Delay and Macron. Macron addressed the nation, I think it was last night. He addressed the nation, said, hey, we're going to get up our own army. The America, 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, 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, but we've been underwriting the whole thing. And in fact the United States were so integrated into European security, if you pulled, 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. But their 2%, which they'd 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 of debt. One of the reasons we have a trillion dollar defense budget. One of the reasons 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 Puked all over it. And bond market basically told him, hey, we'll turf you guys out just like Liz Truss, because you don't have the money. England, this has other getting on jd. JD didn't say anything. JD 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 talk. And you're going to 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 depression for building this? The Russians have lost 800,000 men dead or wounded, according to Ian Bremmer. 800,000. They're not to Kharkiv yet, much less Kyiv. 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.

[Colonel John Mills]

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[Stephen K. Bannon]

Gold.

[Colonel John Mills]

Do it today.

[Alex Leary]

$50 billion spent by the US and Ukraine. The real number, 120 billion. And as you say, paused. And just to make a mention, the reason this line isn't as continuous as this line is because of huge fights in the US 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.

[Stephen K. Bannon]

Ratner, you're supposed to be. Ratner was supposed to be secretary treasury 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 gonna get more into Ratner in a moment because I got to get back to Capitol Hill in 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. Somebody 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 crises. They can't leverage up additionally and do more deficit finance, borrow more money for arms. 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 IDF. President Trump threw down again last night, gave the Muslim Brotherhood, Hamas, another deadline. So we're getting back to that. And also 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's doing is totally rational. Wall Street Journal, they go step by step by step. What he's doing on tariffs, what he's doing economically, what he's doing geo. Economically, geostrategically, to isolate, to isolate the Chinese Communist Party first to break them as a hegemon in East Asia and then to roll up the whole thing and do it in decoupling. So you see A lot of think about people. Look, that's the, you can see the master plan. The Wall Street Journal. Alex Lurie 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. Brennan, these guys got to be, ought to be in jail now, ought to be in prison now. They're traitors. Traitors.

[Colonel John Mills]

Colonel Mills, you brought up an interesting point.

[Stephen K. Bannon]

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. If 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. Right. We didn't do it to the Soviets in the Cold War when we were 90 seconds away from launching nuclear missiles. Right. It was not done. Tell me, tell me what, what Europe and others are doing to Russia and the Russian people to pay for this now fiasco. Sir. Yeah.

[Colonel Rhett John]

Thank you, Steve. I mean, freezing assets is freezing assets. It's done international relationships, spending those, freezing those frozen assets, that is essentially an act of war. That is outrageous. So when Zelensky got, 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 hover 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, this is, this. 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 that specialize in the escrow of frozen assets. But we don't dig in and spend those frozen assets. Totally outrageous.

[Stephen K. 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 started 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 us the deltas in this, don't you?

[Colonel Rhett John]

Yeah. Let's show the stadium chart please. Denver. This is the difference in military spend between us, the Brits. And look at this here. 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 Wembley. 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 Hickseth and President Trump. So this is ridiculous.

[Stephen K. Bannon]

Well, and I'm not a fan. 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 purpose to the hemispheric. Defense I laid at the beginning. I think it's time. If you're going to rethink, you 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 it's 40, let's say $40 billion. We spend a trillion, we spend a trillion. You can't compare.

[Colonel Rhett John]

And I think we can.

[Stephen K. Bannon]

We underwrite Europe's defense.

[Colonel Rhett John]

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 and this is ridiculous.

[Stephen K. Bannon]

This is hard. Where are we finding immense fraud? Can you please cite a number?

[Colonel Rhett John]

USAID is the beachhead. USAID is the beach.

[Stephen K. Bannon]

Hang on us. Hang on. USAID has nothing to do with those. Yes, they went in and by the way, as a special forces helped finally get people's attention. But that been identified by Michael Benz and 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 gonna get in a doge right now. John Mills, where do people go for your social media so you can get all your charts? Amazing job.

[Colonel Rhett John]

You bet, Steve. Thank you. Colonel Rhett John 2, Colonel Ret John 2 on X and also substack, Colonel Rhett John on substack, Colonel Rhett John substack, Colonel Rhett John 2 on X and then Colonel Rhett John 2 on getter and true. Thank you.

[Stephen K. Bannon]

We've talked about 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.

[Colonel Rhett John]

You bet, Steve. Thank you.

[Stephen K. 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 early part of 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 gotta build the wall. I think JD said yesterday at the wall it would take till 2029. I think he said the wall would be completed under current plans, they're prepping for a cartel war, 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, all the indications 10th mountains down there, they have 12,000 combat troops or combat logistics troops. They got Stryker brigades, they got CIA assets. He's cut off the sharing of intelligence with Ukraine at the same time as Jack Bosobik and others saying 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 in 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 run 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 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.

[Colonel John Mills]

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[Alex Leary]

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 $4.5 trillion 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 $8 trillion worth of tax cuts. So this is an empty promise. Can't happen, won't happen.

[Stephen K. Bannon]

And one of the things that drew, well, let's say shock, surprise. Some mockery from the address the other.

[Mike Lindell]

Night was President Trump, given what you've.

[Stephen K. Bannon]

Laid out there, promising to balance the budget. Here's that moment from the address. And in the near future, I want.

[Colonel John Mills]

To do what has not been done in 24 years, balance the federal budget. We're going to balance that.

[Stephen K. Bannon]

Steve, how does he plan to do that?

[Alex Leary]

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 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. The budget plan that I just described 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.

[Stephen K. Bannon]

Okay. Okay.

[Colonel John Mills]

The theory of the case is the following.

[Stephen K. Bannon]

And I need the war repository. We're gonna 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 parental out. We're gonna have to work through this. Okay? That's Warpath Coffee. War. You get a 20% discount. Do it today, you get jacked up like we do. Also, birchgold.com take your phone at bannon989898 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 into 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 partners 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 and individual goods. But he's saying, hey, this is a premium market to get into. So you're either going to invest Taiwan manufacture, 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 value added 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. Out of that came the Federal Reserve. Out of that came the, the tax, income tax all of the corporate tax President Trump wants to go to. That 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. The Atlanta Fed is talking about, hey, it may actually be negative right now. President Trump, the bid in 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 Brett 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 like permanent extension. But President Trump has reiterated no tax on tips, no tax on overtime, no tax on the interest of auto loans, 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, all this and people are modeling and putting together and all this, and 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 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 knows is not true. And that kind of becomes the narrative and people kind of go down the 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 appropriation bill. 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 a 1/2, you know, of the year that would. And you just gotta 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 no Democrat, 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, 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, guaranteed money, good deficit, $2 trillion, at least $2 trillion. The gap between revenues coming in and spending, $2 trillion the most, 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 going to. 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 to 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 recision. Take your number two pencil out, write those terms I've given to you before. But this is going to become quite important. And they're very different things. Elon goes to the Senate yesterday and if you look at the. And you go on my getter, you see the out, particularly Lindsey Graham and these guys in the Senate, in the Senate, whether you like them or not, they think they're the House of Lords. In the House of Representatives, the House of Commons. So they go to Lords yesterday in 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 and 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 six and a half trillion. At the end you spent. Let's say the Green New Deal I'm throwing out an example was 300 billion. They decided not to do it. 6.2 trillion. That 300 billion by the end of the year, they take a vote. It only has to be majority. It's not. You don't have to break filibuster. 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. I would leave a certain. If you find a half a billion dollars, I'm all in. Good. Good on you. Good on you, man. Good on you. And he says, we'll actually do it in $100 billion layers. So it'll be five $100 billion rescissions. You 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. I would say, hey, that's more programmatic. Not waste foreign abuse. But as bad as USAID is and all the people attacked it for years, it's terrible, it's awful. But we knew it was getting funded. So it's not like finding waste foreign 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 empowerment'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. Didn't approve 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 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, the, the courts are trying to force a federal court trying to force President Trump to fund it. So the two things of, 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 2 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 laid out, and that is they're committed to do an impoundment or programmatically, whether it's usaid. I think this, this one thing Doge did find, I think you got to give him credit for was whatever the Citicorp. There's a great article day, 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. You have waste, fraud and abuse. Let's just get a range. So people sit there and 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. We will fight till they're all gone. We rejoice when there's no more. Let's take down the cc.

[Colonel John Mills]

What if he had the brightest mind in the war room, delivering critical financial research every month? Steve Bannon here. War room listeners know Jim Rickards. I love this guy. He's our wise man. A former CIA, Pentagon and White House advisor with an unmatched grasp of geopolitics and capital markets. Jim predicted Trump's Electoral College victory exactly 312 to 226, down to the actual number itself. Now he's issuing a dire warning about April 11, a moment that could define Trump's presidency in your financial future. His latest book, Money GPT, exposes how AI is setting the stage for financial chaos. Bank runs at lightning speeds, algorithm driven crashes, and even threats to national security. Right now, War Room members get a free copy of MoneyGPT when they sign up for Strategic Intelligence. This is Jim's flagship financial newsletter, Strategic Intelligence. I read it. You should read it. Time is running out. Go torickards war room dot com. That's all one word. Rickards War Rooms. Rickards with an S. Go now and claim your free book. That's Rickards War Room dot com. Do it today.

[Stephen K. Bannon]

Here's your host, Stephen K. Banff. Okay, since you're a main participant in this, we're gonna, this is gonna take. I'm gonna get. We've got a lot more to get through the next hour, but not this. I'm gonna, I'm gonna get back to this tonight because it's. Even as we're talking, this is being formulated and you're gonna 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 houseroom caucus, they're worried about spending. And you're already hearing, guys, well, we'll take care in 26. No, no, no, no, no. We, 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 is 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 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 can't. 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 slash Bannon. You get free consultation also you get other great things. You 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. 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 egg, the price of eggs ain't going to come down to you. Start cutting federal spending. It is Keynesian Theory 101. You're still having a massive stimulus put in this economy every month and somebody's going to have to sit there and go, hey, this is just the way it's gotta 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 in capital equipment, they didn't put it in things to grow the economy. What did they do? Exactly what I said they were gonna do. They went and did 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, 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 capital. 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 only 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 and the job. We haven't had any real wage growth. People are working like crazy. People working two and three jobs. And guess what? All the jobs created under Biden, all the jobs created, 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 Trump'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 reconciliation. We should have been having this debate month in a 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 started to see did any numbers come out of the Senate and House? I rest my case. At the big conference and thing did anybody come out with a number that Doge has found. I rest my case. And we 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. Adding a trillion dollars every hundred 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 pillow, make me feel better. Be an entrepreneur.

[Mike Lindell]

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[Stephen K. Bannon]

Proud of being associated with you, sir. You're a patriot and a hero. Mike Lindell will see you this afternoon. MyPillow.com promo code WAR room. Get yourself a pillow. Next hour, technology. The war in the Middle east in the New York Economic Club. Live with Raheem Gassam and Scott Bessant.

[Colonel John Mills]

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[Stephen K. Bannon]

This is absolutely critical.

[Colonel John Mills]

Call tax network USA at 1-800-958-1000, that's 1-800-958-10000 or visit taxnetworkusa.com Bannon remember the number 1-800-958- 1000 do it today human.

[Stephen K. Bannon]

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[Stephen K. Bannon]

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[Colonel John Mills]

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