WarRoom Battleground EP 712: Trump Goes After Jack Smith In New EO's House Vote On New Budget Resolution

Summary

WarRoom's Battleground EP 712 Summary: Trump vs. Jack Smith & House Budget Resolution

Release Date: February 26, 2025
Host: WarRoom.org
Title: WarRoom Battleground EP 712: Trump Goes After Jack Smith In New EO's House Vote On New Budget Resolution

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1. Introduction

In Episode 712 of WarRoom Battleground, host Stephen K. Bannon delves deep into President Donald Trump's latest executive actions targeting Special Counsel Jack Smith and his law firm, Covington & Burling. The episode also covers the House's vote on a new budget resolution, shedding light on the broader implications for federal spending and political dynamics.

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2. President Trump's Executive Order Against Covington & Burling

The episode opens with President Trump addressing the weaponization of government, specifically targeting the law firm Covington & Burling for providing pro bono legal services to Jack Smith's Special Counsel office.

• Donald Trump (00:09): "At the outset of your administration, sir, you committed to ending the weaponization of government, to holding those accountable who participated in the weaponization of government."

• Steve Bannon (00:18): "Deranged Jack Smith. We're going to call it the Deranged Jack Smith signing or bill."

President Trump announced the suspension and review of security clearances for attorneys and employees at Covington & Burling who worked with Smith's team, emphasizing accountability for what he perceives as the misuse of governmental powers.

• Donald Trump (00:46): "And we're going to continue holding the people who were responsible for the weaponization of government and who supported it accountable for what they did."

Julie Kelly, a guest on the show, highlighted the significance of Covington & Burling's influence in Washington D.C., noting the firm's connections with prominent Democratic figures like Eric Holder and Dana Remus.

• Julie Kelly (02:25): "Covington and Burling. Mr. President, may I ask you a question about Europe? So long term, do you plan to maintain the number of U.S. troops stationed? Savor this one, please. Who would like this pen? Why don't you send it to Jack Smith."

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3. The Hampton Dellinger Case and Supreme Court's Inaction

A significant portion of the discussion centers around Hampton Dellinger, a Biden-appointed head of the Office of Special Counsel, whom President Trump fired on February 7th. Dellinger subsequently filed a lawsuit seeking reinstatement, which led to a temporary restraining order issued by Judge Amy Berman Jackson.

• Steve Bannon (05:07): "So this is one issue that we've been covering... He was fired... a temporary restraining order reversing his firing."

The Supreme Court declined to intervene in this case, a move both Bannon and Kelly view as alarming. They argue that this inaction signals a troubling trend in the judiciary's stance towards presidential authority.

• Julie Kelly (05:23): "And this temporary restraining order is set to expire tomorrow on Wednesday... they're just running amok."

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4. DOJ's Actions Against J6 Prosecutors

The conversation shifts to the Department of Justice's handling of prosecutions related to the January 6th Capitol riot. Julie Kelly criticizes the DOJ's use of temporary hires, alleging that these prosecutors were converted to permanent positions without proper authorization and were subsequently fired after Trump took office.

• Julie Kelly (19:59): "I want people to hear how easily they lied. Those two prosecutors were not fired because they did their job... they were brought on as temporary hires to handle this massive caseload."

Trump and his team, including Dan Bongino, are portrayed as spearheading efforts to reform the FBI and DOJ, aiming to purge what they consider biased prosecutions against Trump allies.

• Steve Bannon (23:25): "What could be done? What's your recommendation... what is Julie Kelly's recommendation here?"

• Julie Kelly (23:36): "These prosecutors are basically under investigation right now for abusing their authority... that's really the only thing that can be done."

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5. Appointment of Dan Bongino as FBI Deputy Director

Dan Bongino's appointment as the Deputy Director of the FBI is discussed as a strategic move to reform the agency from within. Julie Kelly expresses optimism about Bongino's role in uncovering and addressing internal scandals.

• Julie Kelly (14:54): "I was surprised to see the announcement that Dan had been appointed as deputy director of the FBI... they have a very long list of scandals that they need to expose."

Bannon underscores the significance of this appointment, highlighting Bongino's commitment to restructuring the FBI.

• Steve Bannon (16:43): "This is how much President Trump wants a restructuring and reform and investigation into the FBI..."

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6. House Budget Resolution and Reconciliation Process

A substantial portion of the episode is dedicated to explaining the House's ongoing vote on the budget resolution and the subsequent reconciliation process. President Trump discusses how the budget resolution serves as a framework for federal spending and introduces significant cuts alongside tax reforms.

• Donald Trump (34:59): "What's happening right here is what we in the business refer to as a bed check vote. It's utterly meaningless... After this vote, they will move to a vote to pass the House version of the budget resolution."

• Steve Bannon (37:20): "But the impoundment process are going to say either we're not going to spend it or it can be reprogrammed, because the Constitution says the chief executive..."

Trump explains that the current budget resolution is not for fiscal year 2025 but is intended to lay the groundwork for future fiscal policies, including mandatory spending cuts and tax increases aimed at stimulating economic growth.

• Donald Trump (46:56): "The growth rate that I understand that the House is using is about 2.8, which is a fairly average growth rate..."

Kelly adds that the reconciliation process will allow the administration to enact substantial cuts and reforms without the usual legislative hurdles.

• Julie Kelly (38:39): "And so the money that's appropriated via the CR here before March 14th in all likelihood is not actually going to be spent..."

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7. Economic Implications and Future Projections

The discussion touches on the economic forecasts tied to the budget resolution, debating whether the proposed growth rates are sufficient to offset the increased spending and tax cuts. Trump remains optimistic that deregulation and fiscal policies will spur significant economic growth, potentially mitigating concerns about rising deficits.

• Donald Trump (47:22): "Yeah. These models will show different things... if you have this massive agenda that includes deregulation across the American economy... that the American people are capable of producing, that they will exceed what is modeled and that, in fact, this won't blow up the deficit."

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8. Conclusion

The episode concludes with a preview of upcoming discussions, including a detailed breakdown of the budget resolution vote and its implications for future federal spending. Bannon emphasizes the urgency of understanding and engaging with these financial strategies to safeguard America's economic future.

• Steve Bannon (54:36): "Stay tuned in this space. That is not a good sign folks. Not a good sign. Not a good sign."

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Key Takeaways

• Executive Actions: President Trump's latest executive order targets Covington & Burling for alleged government weaponization, suspending security clearances of its members involved with Jack Smith.

• Judicial Inaction: The Supreme Court's refusal to intervene in Hampton Dellinger's case signals potential judicial bias and undermines presidential authority.

• DOJ Reforms: Efforts to reform the DOJ, particularly concerning prosecutions related to the January 6th Capitol riot, are underway with significant opposition from established legal entities.

• FBI Restructuring: The appointment of Dan Bongino as FBI Deputy Director marks a strategic move towards internal agency reform.

• Budget Resolution: The House's budget resolution and the reconciliation process aim to implement substantial federal spending cuts and tax reforms, with long-term implications for the U.S. economy.

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Notable Quotes

• Donald Trump (00:09): "You committed to ending the weaponization of government, to holding those accountable who participated in the weaponization of government."

• Steve Bannon (00:18): "Deranged Jack Smith. We're going to call it the Deranged Jack Smith signing or bill."

• Julie Kelly (02:25): "Covington and Burling... we’re looking at the whole panoply of options."

• Steve Bannon (09:08): "The courts bailed us out essentially in the 2020 election and we've got to look to the courts to bail us out."

• Julie Kelly (23:36): "These prosecutors are basically under investigation right now for abusing their authority..."

• Donald Trump (34:59): "What we're doing is paving the way for the government to continue to operate with the president of the United States… to gut it as they have been doing."

• Steve Bannon (37:20): "This is the unified executive theory is now going to come into the budget process."

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Note: This summary focuses exclusively on the substantive content of the episode, omitting advertisements, promotional segments, and non-content-related discussions as per instructions.

Transcript

[Donald Trump]

At the outset of your administration, sir, you committed to ending the weaponization of government, to holding those accountable who participated in the weaponization of government.

[Julie Kelly]

Hold it.

[Steve Bannon]

This is a good one. Is everybody listening? Deranged Jack Smith. We're going to call it the Deranged Jack Smith signing or bill.

[Julie Kelly]

Go ahead.

[Steve Bannon]

One law firm that provided pro bono.

[Donald Trump]

Legal services to the special Counsel's office under Jack Smith's leadership was Covington and Burling.

[Steve Bannon]

As a result of those actions, we're.

[Donald Trump]

Now going to be suspending and putting under review the security clearances for the attorneys and employees at that firm who.

[Steve Bannon]

Worked with Jack Smith's team.

[Donald Trump]

And we're going to continue holding the people who were responsible for the weaponization of government and who supported it accountable for what they did.

[Steve Bannon]

And you'll be doing this with other.

[Julie Kelly]

Firms as time goes by, right?

[Donald Trump]

We're looking at sort of the whole panoply of options.

[Steve Bannon]

The weaponization of our system by law firms, even pro bono work they're doing just in order to clog up government, stop government. And nobody knows about it more than me. And hopefully that will never happen again.

[Donald Trump]

So that Covington and Burlington let.

[Steve Bannon]

Covington and Burlington. Mr. President, may I ask you a question about Europe? So long term, do you plan to maintain the number of U.S. troops stationed? Savor this one, please. Who would like this pen? Why don't you send it to Jack.

[Julie Kelly]

Smith.

[Steve Bannon]

A deranged person? Boom. Tuesday 25th February Yerviller 2025. Wow. Covington and Burley, one of the most prominent law firms in a city that's run by law firms. Eric Holder's law firm. Julie Kelly joins me. Julie, one thing I didn't know until today, I didn't know that I knew they were using outside law firms for help and assistance. I didn't realize they were doing it pro bono. That's stunning. President Trump drops a hammer, strips the security clearance. Tell me how big a deal this is, ma'am.

[Julie Kelly]

Well, I believe it was Politico who broke the story that Jack smith had received $140,000 in pro bono work from a law firm that has now been identified as Covington and Burling. To your point, a very influential law firm in Washington, D.C. based there. Some of the notable names people might be familiar with. Eric Holder, Dana Remus, who is Joe Biden's general counsel for, I believe, the first two years of his administration. Victoria Newland, Lanny Brewer, the old Clinton guy. Lanny Brewer. So this is stacked with Democratic operatives. The President today signing that executive Order. I haven't read it, but just based on his comments stripping the security clearance of all of the employees that appears to be associated with that firm, but also hinting that he's not done, that other law firms who assisted in the lawfare against him could face the same fate.

[Steve Bannon]

Why is this shocking? It shows you President Trump is prepared to knock down barriers, guardrails, whatever, because the law firms run this town and they, they go back and forth between government work and go back to the law firm. But the law firms run. The law firms are many times the lobbyist firms. But even if they're not, they run the lobbyist firms. They are the most powerful institutions in this city are the big law firms. Why is this so breathtaking, what he did?

[Julie Kelly]

Well, I mean, it's definitely a shot across the bow, not just to Special Counsel Jack Smith, who is under investigation by the Department of Justice, of course, Pam Bondi announcing that on her first day, related to her weaponization working group under the President's executive order. So that is forthcoming. But also to your point, because the law firms do run the city and look at what they're doing now, filing lawsuit after lawsuit against the President and the White House for changes that he wants to make to the federal government. So they are still continuing the lawfare. They're just on the other side of it now. And hopefully those law firms will be, will be under review as well.

[Steve Bannon]

I hope, I hope their next step is what he does is take is taken and ban them all from government contracts. I mean, that's what I would like to see. We got a bunch else a punch list to go through special. The situation of special counsel. Why did the, why did the Supreme Court not take this up on its emergency docket, Ma'am?

[Julie Kelly]

Right. So this is one issue that we've been covering. Hampton Dellinger, who is the Biden family friend, worked at Boyce Schiller, speaking of law firms with Hunter Biden during the Burisma scandal, he was appointed by Joe Biden to head of the Office of Special Counsel. And in that position, you wield great authority. He has 129 employees in his office and he can make. He oversees basically four major statutes overseeing federal employment, and he can make recommendations for another separate board to look into what his investigations and mete out consequences. So he was fired. Hampton Dellinger. He was fired by Donald Trump on February 7th. He filed a lawsuit a few days later, again with the help of these law firms in Washington seeking to be reinstated. Judge Amy Berman Jackson, one of our favorite Obama judges, a well known Trump hater on the bench, issued a temporary restraining order reversing his firing, saying it did not meet the standards, had to have some sort of reason to fire him and reinstated him. And this temporary restraining order is set to expire tomorrow on Wednesday. But the president and the White House sought emergency intervention at the Supreme Court to put an end to her stay to her temporary restraining order on Friday. Last Friday, Steve, the Supreme Court refused to become involved and said, oh, we'll just wait and see what happens after this temporary restraining order expires on Wednesday to see if the judge will consider a preliminary injunction that could put them there indefinitely. Well, guess what happened on the very same day the Supreme Court weaseled out of taking a stand, especially on something that's such a no brainer. This is a presidential appointment under the executive branch. And he of course has authority to fire this individual who has longtime ties to Joe Biden and his family. The very same day, the Supreme Court refuses to step in and Hampton Dellinger sends a complaint to the board above him that handles his investigation. It's called the Merit Systems Protection Board. Also all three Biden appointees, by the way. And a side note, the chairwoman who was appointed by Joe Biden, she also was dismissed by President Trump. She filed a lawsuit to be reinstated and was reinstated by Judge Rudy Contreras, friend of Peter Strzok. This is how dirty Washington, D.C. is, as you know, Steve, better than anyone. So she is still the chairman of the three member board that is taking these referrals, investigations, complaints by Hampton Dellinger and what he did on Friday is send the board complaints by six federal employees who were dismissed under the president's executive the Doge order that were that removing people from the payroll, federal payroll who were on probationary status. So these are government employees who have been on the federal payroll for one to two years depending on the agency before their civil service protections kick in. So the president, of course, is cutting back the federal workforce, dismissed everyone on probationary status. I think there were 150,001 report that 150,000 probationary employees that had just been hired in the past year or so. And here's Hampton Bellinger, only there because of Amy Berman Jackson and the cowardice of the Supreme Court, now sending investigations to this three member board seeking to reinstate employees who have been fired by the president of the United States.

[Steve Bannon]

Here's what's concerning to me, this is very much and John Heilman kind of blurted this out the other day on msnbc they were talking. He says, hey, look, the courts, he said the courts bailed us out essentially in the 2020 election and we've got to look to the courts to bail us out. Now, what I find shocking, this is the first time the Supreme Court was approached to put some in the emergency docket and they didn't take it up. That does not bode well, if that is. And I think that caught a number of people I know by shock because I thought this was kind of a no brainer for them to take up your thoughts if this is the, this is the trend. And I've said, hey, I don't see the Supreme Court wanting to get involved in this. I just don't. They've had a terrible track record, I think, right.

[Julie Kelly]

We're, we're sort of back to 2020, where they punted and they didn't want to take up these difficult issues. But this really was an easy one. I mean, you have a Biden appointee, political appointee in an office, a powerful one that can make personnel decisions, especially targeting the White House, which, Steve, you saw during the first Trump administration, there was one Hatch act violation or investigation after another. This is something that this Office of Special Counsel has purview of. So it's not an inconsequential office. But, but then the Supreme Court sends a message to the other judges, we are not going to step in. So what happened today? You had another Biden appointed judge in his temporary restraining order demand that the Trump administration dole out billions of dollars in foreign assistance because he claimed that the plaintiffs who sued the Trump administration are suffering harm from that. So it's not even that. He just entered a temporary restraining order on behalf of the plaintiff, preventing the president. He's out forcing them to send checks, disperse federal funds over the head of the president, over the order of the president to all these foreign aid grantees, forcing them to do that by tonight at midnight or he will consider contempt of court charges. Against whom? The Secretary of State, the Department of Justice, President Trump. This is how out of control these judges are, which you and I have covered for years, of course, and you've been subjected to this yourself. But now, because the Supreme Court has been so cowardly in confronting their own federal colleagues on the bench, they are, they're just running amok.

[Steve Bannon]

But anything else on this, like I said at first, they weren't getting many wins at the first level. But with the Supreme Court not stepping in here, and you should assume, particularly as they file in these radical urban areas like New York and Philadelphia, and particularly the Washington, D.C. you know, you're just not seeing the Supreme Court stepping in here. Any other observations on the legal aspects of President Trump's restructuring in the Doge work?

[Julie Kelly]

Well, obviously, the Doge, you know, access to data has been limited in some instances and prohibited in others because and this is what you and I have talked about, the big one when it comes to Elon Musk. And it appears that today the White House just identified the individual who is the administrator of Doge, this department, not Elon Musk. But as we've talked about, Judge Tanya Chutkan, who presided over Jack Smith's J6 indictment against the president, appears to be setting up a court battle to disqualify Elon Musk under the appointments clause of the Constitution, saying he's a principal officer, he's acting in that capacity. He needed to be appointed by the president and confirmed by the Senate. So, of course, Elon Musk and Doge, a lot of arrows being slinged at them at different directions. I assume at some point this also will go to the Supreme Court. But in the more immediate term, we've all be watching to see what Amy Berman Jackson does tomorrow with his temporary restraining order expiring tomorrow against keeping Hampton Dellinger in his job. If she does turn that into a preliminary injunction or orders another hearing on that, we may see another appeal by the Trump White House and DOJ back to the Supreme Court asking for immediate intervention. And then we'll see what the court does there. There were two dissents, Justices Gorsuch and Alito, who did want to vacate that temporary restraining order, making very clear that this was an article to presidential authority to fire Hampton Dellinger and Justice Roberts saying, no, let's wait a few more days and see what happens. Well, now we saw what happened.

[Steve Bannon]

By the way. Let's do a split screen right now. They're voting on the House. The House did get up at about 6:1506,20. They are voting on this budget resolution. Eric Teetzel from Center for Renewing America is going to join us in a moment. A couple more things for you, Julie. Dan Bongino, a firestorm. The appointment Dan Bongino is now making Cash Patel look like Judge Webster. The left is completely melting down with on Dan Bongino. Your thoughts. As Dan, as deputy director of the FBI and teamed up with the Cash.

[Julie Kelly]

Patel, I have a piece up on my substack about the Dream Team and they really are. But more importantly, the media meltdown and Democratic lawmakers like Adam Schiff, of course, who has to suspect what is coming his way. Just, you know, they're terrified and they really should be. I was surprised to see the announcement that Dan had been appointed as deputy director of the FBI, but of course, pleasantly so. We'll all miss his show. He has a very powerful voice, but he's making a huge sacrifice to take on this job and it is going to be massive. They have a very long list of scandals that they need to expose. It looks like they're already getting to work. Today I've seen recording on investigation into Jim Comey running the so called honeypots into President Trump's 2016 campaign. That's been, I believe, disclosed by whistleblowers. So there's a lot more coming. And I do think, and Steve, you and I talked about this. That purge is contagious. And you do see Congress now and even senators stepping up, demanding documents and demanding records and planning hearings and investigations on their own into these very same. So this is going, it appears to be a collaborative effort between the FBI, the DOJ under Pam Bondi and Congress to really expose all of these scandals, hold people accountable and get rid of these bad apples, whether they're fired or some of them hopefully end up behind bars.

[Steve Bannon]

The shocking thing about this, this is how much President Trump wants a restructuring and reform and investigation into the FBI as had tradition, I think for the 116 year history, over the 100 year history of the FBI, the deputy has always been an agent who knows the building and knows how to manage the building. President Trump with both Cash and Dan are saying, hey, I don't care about the building. What I care about is some reform over there and get this thing sorted. And so the message I think has been sent loud and clear. And you got two of the toughest hombres I know, Bongino and Cash Patel over there. Julie, let's play. We got a quick cold open here, a quick clip I want to play before I bring you back on. G6 is going to play it.

[Donald Trump]

The Justice Department is under attack. They're coming after the people that want to uphold the law as it exists. And that should be terrifying to everyone.

[Steve Bannon]

Sarah Levine and Sean Brennan were federal.

[Donald Trump]

Prosecutors on the Justice Department's biggest investigation.

[Steve Bannon]

The attack on the Capitol, until they were fired by the Trump administration January 31st. Why were you fired?

[Julie Kelly]

Because I did my job.

[Donald Trump]

I mean, it's really that simple, is I went in, I followed the facts, I followed the law, and I got fired because I did exactly what I.

[Julie Kelly]

Was supposed to do.

[Donald Trump]

I think we know what we did was right. No regrets. Absolutely none. What we did was justice.

[Steve Bannon]

Justice for 140 police officers wounded January 6, 2021. Levine and Brennan were hired about a year and a half ago to prosecute cases from the riot. And in how many of your cases was the defendant acquitted?

[Julie Kelly]

None.

[Donald Trump]

None. Which tells you what the evidence was. Overwhelming.

[Steve Bannon]

Overwhelming. But last month, the president pardoned even the most violent convicts, whom he calls by another name. So this is January 6th. These are the hostages. Approximately 1500 for a pardon.

[Donald Trump]

Not long after the ink was dry.

[Steve Bannon]

Letters of termination hit the Justice Department. The letters rewrote history, calling the prosecution itself, in the words of the President, a grave national injustice.

[Donald Trump]

Anyone who has watched videos of what happened on January 6 knows that the grave national injustice was not the decision to prosecute the rioters. The grave national injustice has been the Department of Justice turning its back on those law enforcement officers, those members of Congress, and all of those victims who were affected.

[Steve Bannon]

The hunters now become the hunted. Julie Kelly, 60 Minutes the Week after, they have the German authorities that want to arrest people for bad thoughts. Now we have this. You've been closer to this than anybody. Your observations of this, ma'am.

[Julie Kelly]

So just so people know, I did clip those interviews from 60 Minutes. They're available on my axis. Julie underscore Kelly, too. And I think the last time I checked, that clip had 1.5 million views, which is great, because I want these J6 prosecutors exposed. I want people to hear how easily they lied. Those two prosecutors were not fired because they did their job, Sarah Levine said, or followed the rule of law. They were brought on as temporary hires to handle this massive caseload. You know, at the end, almost 1,600 defendants, they were brought on temporarily. What happened and what the DOJ discovered right after Trump took office is that the Biden's doj, after the president won the election, converted those temporary hires into permanent employees. And so what the DOJ discovered, I believe it was Emil Bovey who discovered this, said, no, no, no, you're back. You were temporary hires. The Capital Siege Unit, as they called it, has been Shut down. The J6ers have been pardoned. There will be no further investigations. Your services are no longer needed, and you never should have been converted to permanent employees. But, Steve, look at how easily they lie. And shame on Scott Pelley, of course, because he has helped bolster the January 6th insurrection narrative. Like he just said, about 140 police officers being injured. Never seen any documentation to back that up. It doesn't matter, though. But for them to brag that the DOJ, which they do, has a 100% conviction rate before jury trial, before jurors in Washington. This is after almost three years of trials. The first trial was March 2022. Not a single J sixer has walked out of a courtroom after being before a D.C. jury and been fully acquitted. They think, or they're trying to convince us that it's because the evidence is so overwhelming. No, it is because of deceptive prosecutors like those two and everyone else that we've seen working in cahoots with judges who we now see have open animus towards President Trump and everyone around him. And then putting these poor J6ers before jurors in a city that voted 93% for Joe Biden and then 92% for Kamala Harris, they were still putting J6ers on trial after the election, after Kamala Harris won 92% of the vote in Washington. That's how destructive that process was. And that is what the president has talked about. He said these people have been treated very unfairly. And when you have Sarah Levine and that other prosecutor come out, like so many have, and talk about their fealty to the rule of law and the overwhelming evidence and the attack on the Capitol, et cetera, they're actually making our argument for us and the President, because it underscores how destructive and reckless and biased the entire process was from the very beginning.

[Steve Bannon]

What could be done? What's your recommendation? The smug nature of these two in this whole process. What is Julie Kelly's recommendation here?

[Julie Kelly]

Well, I know that there's an investigation by ed Martin, the U.S. attorney, into the use of 1512, the obstruction statute that was overturned by the Supreme Court last June, nonetheless brought against the 300 plus J6ers, including the President. So there's an investigation into how those decisions were made. How can prosecutors like these two be held accountable? I would go back to where we started, and that's these law firms, these prosecutors are basically under investigation right now for abusing their authority and bringing an obstruction statute, unlawfully abusively prosecuting American citizens. If you hire these prosecutors, know that they are under investigation, and we will look at your entire law firm just like we looked at Covington and Burley. That's really the only thing that can be done, except at the higher level, say people like Matthew Graves, the D.C. u.S. Attorney who handled the J6 prosecution for almost three years, and really investigating him for selective, vindictive prosecution, which should be something easy to prove. And of course then Cambodi already announced the DOJ, an investigation into FBI abuses related to the J6 investigations and prosecution. But we have to keep beating this drum. We cannot let this, you know, take a back burner to all the other FBI scandals in DOJ because there are many. But nothing like this has happened in American history. People have to pay the price and this can never be allowed to happen again.

[Steve Bannon]

It's terrible. Julie Kelly, substack, social media, everything to keep up with all your investigation into all this.

[Julie Kelly]

Declassified with Julie Kelly. Also I have work at Real Clear Investigations and on X. Julie Kelly too.

[Steve Bannon]

Julie, thank you for joining us. Take the time away.

[Julie Kelly]

Appreciate you.

[Steve Bannon]

Nobody better than Julie Kelly. Okay, we come back, the vote, I think the actual vote itself is going to commence at 6:30. Couldn't be better timing. Eric Teetzler from from the CRA center for renewing America, which has given us Russ vote. Mark Paoletta, Jeff Clark and a host of other folks that are in the administration is going to join us to break down this budget resolution. Also out there is that it looks like we're going to get a full year CR at least that's the word coming out from a number of congressmen in House leadership. We'll break that down too. Something else you have to break down is precious metals, the opportunity to use it as a hedge in times of financial turbulence. Birchgold.com Bannon the End of the Dollar Empire Totally free 6 free installment Modern monetary theory the idea that broke the world. How did it break the world? 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The question is simply, are you ready? That's where Jace comes in. This isn't just a kit. This is a Jace case. It's a lifeline. It's a personal supply of prescribed emergency medications that puts the power back in your hands. Whether it's an unexpected illness or a global disruption of supply chains, you can act fast and protect yourself and your loved ones. This February, show them you care in a way that really matters. Be prepared. Get the Jace case today so you'll have the right meds on hand the moment you need them. Visit jacemedical.com and use the code Bannon B A N N O N at checkout for a discount on your order. That's jacemedical.com promo code Bannon. Get the Jace case and do it today. War room here's your host Stephen K. Ban. Okay. This is a hell of an evening show. We gave you Trump live or Trump from the Oval throwing bombs. Then Ben's as only Benz can do in the breakdown of the deep state. Particularly this demonic and perverted chat room. I mean sick. And then the Julie Kelly it's only she can do on J6 and all the other legal And I tell you one of the things I don't like and we talked about this. The Supreme Court did not take that case up in the emergency docket. Stay tuned in this space. That is not a good sign folks. Not a good sign. Not a good sign. What is a good sign is Birch Gold's available to you now. Consumer price or consumer confidence. Look how you dropped today. I'm going to break down of that tomorrow. Inflation fears are back. They're going to be back until you get control of the federal spending. Keep telling you that there's no other solution to this. It ain't a supply chain problem. It's a too many dollars problem. Too many dollars chasing too few goods. It's a problem and it's not going away. Right now we do the split screen. They're voting on the House floor. Eric Teitzel is going to join us in a moment from cr explain all of this to you birchgold.com they will explain Philip Patrick particularly don't even it's not relevant just the price of gold. It's the converging factors that continue to not just drive it higher but make it a hedge against times of financial turbulence. So we're going to have turbulence. You're going to have to you got to that were too far gone financially and this is a restructuring. This is kind of a turnaround and it needs an intervention. We have not had that intervention yet. Birchgold.com, end of the dollar empire See the crazy idea that they all globbed onto that got us in this situation sick and perverted as it is. You have to understand it and understand what your betters thought was a program to prosperity. It's a road to perdition. Birchgold.com Bannon ended the dollar empire as I told you one of the a finance professor at a significant public university is now having his finance class read it because it's so accessible to kind of understand debt, deficits, BRICs, currency, all of it. Also, Jim Rickards. Jim rickerts.com make sure you go there now and get Strategic intelligence. If you like capital markets and geopolitics, this is the newsletter for you. He has specialty newsletters too, but this is the one, the general one he puts out. It's a must read. Also, he throws in a free book that's kind of mesmerizing about capital markets and artificial intelligence. Jim Rickards, who's one of the great contributors here at the word rickards rickards war room.com make sure you put in promo code bannon and you get a discount. You get the free book, too. Strategic Intelligence. You're going to want to get it. Eric Teetzel, thank you for joining us. Eric, what are we in the split screen if we get that? What, what is actually happening? Explain to our audience what in the hell is happening right now. This is we do a pretty good job of breaking this down, but man, oh man, this one's confusing. What is going on, sir?

[Donald Trump]

Yeah, great question and thanks for having me. Steve. They make this complicated on purpose, right? That's what Congress is for. That's what leadership is for, to ensure that you, the voters don't understand what's going on. And therefore it's a lot harder to hold your member of Congress accountable for what's going on. Cause they obfuscate and they confuse. What's happening right here is what we in the business refer to as a bed check vote. It's utterly meaningless. Does nothing other than draw people out of the woodwork and get them to the floor and try to give leadership a sense of who's actually in the building. After this vote, they will move to a vote to pass the House version of the budget resolution. That sort of creates a framework for reconciliation.

[Steve Bannon]

So let me get this right. This reconciliation, this does not have anything to do with the fiscal year. We're in the fiscal year of 2025, which started on 1October of last year, and it goes to 30 September of this year. That is we're still we still have till the midnight on 14 March to deal with that.

[Donald Trump]

Right.

[Steve Bannon]

We can either pass real single appropriations bills, an entire appropriations bill, negotiate with the Senate, do all that, or we either kick the can down the road if we need more time for 30 or 60 days by continual resolution, or we could just do a continued resolution to the end of the year. Those are. That is what would deal with 2025, correct?

[Donald Trump]

Correct. There's about six months left in this fiscal year. It would end on September 30th. And so nothing they're doing today has anything to do with funding the government up until that date. Your listeners will recall that there was a big fight back in December over what to do with funding the government. And at that point in time, we kicked the can to March 14, and now we're discussing what to do before March 14 or to let the government shut down the vote tonight. Has to do with reconciliation, which is an entirely separate process, but one that also has a lot to do with federal spending. And then you've also got the debt ceiling that has to be dealt with and a whole host of other questions that are all kind of thrown into the jumble there.

[Steve Bannon]

But, but let's go back to do reconciliation. What triggers this? Because, and I don't want to say it's a gimmick, what triggers this is you have to have a budget resolution. Correct. That that's kind of the starting point, the foundational element that then you can do all these reconciliations to that budget resolution, correct?

[Donald Trump]

That's exactly right. So this, it's a framework. And House leaders and committee staffers have been pulling together a framework called a resolution. And it includes instructions to committees of jurisdiction, and it says to them, we need you to take this resolution and cut X number of dollars from federal spending within the purview of your committee. Or in a couple of cases, including on the House side, Ways and Means, which deals with taxes, they actually increase the credit limit in their instruction with the intent of giving the committee room to do Trump's tax cuts. Right. So the total budget resolution includes a whole host of cuts and a little bit of increases to dealing with renewing the president's tax cut plan that was originally passed back in 2017. So this is the first step.

[Steve Bannon]

First step. Now, when they talk about this budget resolution, in this budget, this budget is not for fiscal year 2025. Correct. This is a actual, a resolution of a budget that would be for fiscal year 26.

[Donald Trump]

That's. That's correct. Right. This, this has actually very little to do with funding the government. This has to do with mandatory spending that's already set in law and that typically isn't dealt with in a standard appropriations process that has to do more with the stuff that exists outside of mandatory spending. Like I said, they intentionally make this extraordinarily confusing and complicated so that they get what they want. Yeah.

[Julie Kelly]

Yeah.

[Steve Bannon]

And it's over 10 years. So when we hear that they're talking about $2 trillion of cuts and that, you know, 800 billion of that is going to come from Medicaid, that is over a 10 year timeframe, is it not, sir?

[Donald Trump]

That is typically how this is done. Yes. There is talk about using gimmicks in different ways to extend that or shorten it. Talk about what the baseline that you're determining this growth or cut from might be. But generally speaking, they use a 10 year budget wind. That's right.

[Steve Bannon]

So if we talk about either the budget resolution for next year beyond or the CR that will take this fiscal. Because we have argued on this show, you know, your former boss, Russ Folt, when he went to omb, that Doge, this whole Doge process somehow has to be merged into or under the supervision of OMB and has to get into the appropriations process because somewhere the Doge cuts have to get kind of codified into a system. Where would you see that? Where would you see that happening? Would you see that happening in this CR that we're going to do between now and March 24th, or do you see that happening as a fallout after this budget resolution? I mean, whether it's a trillion dollars of waste, fraud and abuse Elon finds, or if it's 100 billion, regardless of the number, where does any number in Doge actually go into a process that becomes a process that we know it starts to cut, something that we call the annual deficit.

[Donald Trump]

Great question. And the answer is all of the above. So we're going to start most likely with a cr. Now, conservatives initially are going to balk at this, right? Because we know what a CR is. A CR is what happens when you punt on doing your job as a member of Congress. You're supposed to do a full appropriations process every single year where all of the committees come together, they budget for their committee, you pass a bill, you reconcile it with whatever the Senate has done, and there's your budget for the year. This almost never happens. Instead, we kick the can down the road through CRs so that at the end of the year, a lobbyist can pull an omnibus bill out of the drawer on Christmas Eve and shove it down your throats. That's how the swamp gets their way. And crs are typically a tool for doing that. We are living in what I think is a fairly unprecedented moment where for the first time, certainly in my lifetime, the President of the United States and his team, including Elon Musk and Russ Vogt and really, virtually every member of the team is committed to meaningfully wreaking havoc on the deep state, including through spending. We've already seen it through the executive actions, through shutting down the cfpb, through shutting down usaid, and there's more to come. So a CR in this specific instance is a little bit different from typical. What we're doing is actually paving the way for the government to continue to operate with the president of the United States, Elon Musk, Russ Vote and company at the controls so that they can continue to gut it as they have been doing. Meanwhile, we are also greasing the skids through a CR for reconciliation, which is going to be a huge means through which they actually follow up on what the administration is doing by enacting real meaningful cuts, along with regulatory reform and funding for the border and funding for the military and several other of the president's key initiatives. And then here's the real kicker. That CR that goes until the end of September is something that Russ Vote through OMB can come back to and say, we know that you appropriated X number of dollars here. We haven't spent it. And in fact, here's a package of rescissions and impoundments that we're going to ask Congress to consider and claw that money back. So the money that's appropriated via the CR here before March 14th in all likelihood is not actually going to be spent probably again for the first time in my entire life.

[Steve Bannon]

Okay, so note to War Room posse, take your number two pencil out because for the first time we've explained exactly where this theory of the unified executive theory is now going to come into the budget process. Because what you're hearing is that after the CR is passed and there's going to be a lot of bitching and moaning in this audience, including at this microphone, what they're saying is that, okay, don't worry, because that's a ceiling doesn't mean that's the money that's going to be spent. And then Russ Vogt and others through the impoundment process first and this other process second. But the impoundment process process are going to say either we're not going to spend it or it can be reprogrammed, because that's the he the Constitution says the chief executive, and that's what chief executives do. That one baby will quickly go into federal court. Will it not? Will it not, Eric?

[Donald Trump]

Yeah, undoubtedly, just as so many of the other actions have done and we think will prevail there, the theory of empowerment and the unitary Executive. And the executive's power over spending is basic. It's rational. In fact, it's common sense. It goes all the way back to the founding of the country. You see this sort of executive discretion in virtually every element of the administration. Right. The President, as the commander in chief, gets to dictate how we fight our wars. Right. He tells the generals this is the strategy. He doesn't have to go to Congress for that. The President, as the head of the Department of Justice, says to Kash Patel, these are the priorities. And these aren't the priorities so that they can administer justice according to those presidential prerogatives. It's exactly the same when it comes to spending. Congress has the power of the purse. They hand the money over. But the President of the United States in the Constitution, is instructed to take care that the law be faithfully executed. And that means if he can get it done for 50% of what Congress has appropriated, he of course is not constitutionally prohibited from saving taxpayer money. Right. The Court's gonna see that this has never been adjudicated. Despite what some people will tell you. The central holding of impoundment has never been before the Supreme Court. And we think it is that will prevail. If I can. Going back to your other point, Steve, the skepticism over CR is completely warranted. Politicians have been saying to us for decades, just trust me, we'll come back to that. And so you have every right to look askance at a claim like that. We've heard it all before. What's different here is this president at this time with this team, and I think we've already seen in the first month that they've been in office, that they are putting their money when their mouth is. And I for one trust that they're actually going to follow through and do what they say they're going to do.

[Steve Bannon]

Last question on this budget resolution tonight. Correct me if I'm wrong. The House version they're going to vote on after they do the bed check, if they ever get to actual vote. And they must be pretty confident they have the votes to pass it, to go through with it. Does it not give us a bigger overall deficit? Is not debt go to like 130% of GDP? Isn't it higher than what's on the table previously, sir?

[Donald Trump]

Yeah. These models will show different things. And people are going to look at how they are developing the models and judge for themselves how valid they are. But the biggest part of the model is the question of how much this stimulates economic growth and Therefore, how much additional revenue you can expect from. From it. And my view is to say that if you have this massive agenda that includes deregulation across the American economy and in particular in the energy sector, and that decreases taxes all across the economy and that secures the border, and that does all of these other things that are necessary to generate the kind of economic growth that we know is possible, that the American people are capable of producing, that they will exceed what is modeled and that, in fact, this won't blow up the deficit. But it also does include some safeguards to ensure that they have to do cuts in order to grant the freedom to do additional tax cuts.

[Julie Kelly]

Yeah.

[Steve Bannon]

Is that, is that dynamic scoring? And I take it the CBO report, the way I look at, has a growth rate of 1.8% was pretty anemic. Is your growth rate at CRA when you guys model this out, is it higher? Is it two, two and a half, three? What do you use as your growth rate?

[Donald Trump]

The growth rate that I understand that the House is using is about 2.8, which is a fairly average growth rate, as I understand it. Actually fairly modest, especially given the extreme lengths to which they're going to unleash the American economy. I certainly think it could go higher.

[Steve Bannon]

Yeah. Okay, we'll break that down and come out tomorrow. Okay. Eric, how many guys are left at cra? Isn't everybody in the. Seriously, isn't everybody in the Trump administration right now? It's you. You got you a Marine. And who else? You got a couple of guys there holding the fort.

[Donald Trump]

Yeah, we got a great team. We did, in fact, deploy Easy Company into the administration and they're fighting the good fight. It's a great problem have. If it wasn't our team, it would be somebody else's and that would be too bad for America. So I'm glad they're gone. But if you know anybody who wants a job with America's leading America first organization, have them send their resume my right way. We're, we're hiring.

[Steve Bannon]

High class problem social media. Where do people go to get you, Eric?

[Donald Trump]

Sure. I'm on X at Eric Teetzel. And they can also go to mericarenewingcenter and follow all the great work that our organization's doing.

[Steve Bannon]

Thank you, brother. Great explanation that's happening right now here. I'll be following it up on social media at the end of the show, which will be a couple of minutes. 800-958-1000. Take that number down. 800-958-1000 tax network USA as you can tell right there, there's going to be a gap. They're going to need all the tax revenue possible. And until the Trump tax cuts get extended, they're going to be looking for revenue everywhere. If you got a letter from the irs, don't let it sit in the drawer. It's like a cancer that will metastasize. It's not going to go away. Talk to the team 800-958-1000@tax network USA or go to tnusa.com Bannon right now. Free code consultation. They'll tell you if they can help. If they can't, you call the IRS yourself. If they can strike a deal with them, these guys will help you out. They know how to negotiate with the Internal Revenue service, which ain't easy. 800-958-1000. Do it today. Also on Friday, I'm speaking in Tarrant County, Texas. Want everybody in the war room posse if there's still tickets available. I think there are some standing room and some general admission. Check it out. Today I'll be meeting and greeting everybody. Brought to you by Patriot Mobile Glenn Story and the team. A company with great coverage based upon standard carriers and they believe in your values. A Christian company that ties I think 10% to various charities and philanthropic groups. Glenn Story, patriot mobile.com Stephen K. Bannon here. We're going to be back at 10:00am Eastern Standard Time tomorrow morning. It is. We're jammed wall to wall to wall as tomorrow we break down this budget, the entire budget exercise geopolitics, the geo economic strategy of President Trump, all of of it. 10:00am Eastern Time live back here in the War Room. See you then. Drew risk high that an IRS agent is about to show up at your home over unpaid taxes or unfiled returns or that the IRS is about to freeze your bank accounts. Look, understanding your IRS risk level helps you decide how quickly you need to act. Take my advice and find out. Call the experts at Tax Network USA and share your situation. They'll advise if they believe your risk level is high, moderate or low. This is a free service for my audience at the War room and it's 100% confidential. And if your risk is high and you want to resolve your IRS problems, Tax Network USA will do it. Nobody knows the IRS better. In fact, TeX Network USA has a preferred direct line so they know which agents to deal with and which ones to avoid. And baby, this is critical. They've resolved over $1 billion in tax debt. So whether you owe $10,000 or 10 million. Their genius strategies are designed to quickly settle your tax problems. Discovery Discovering your current IRS risk is fast, free and confidential, and it's a smart first step in solving your tax problems. Don't make the call the IRS until you talk to the Tax Network people. This is absolutely critical. Call Tax Network USA at 1-800-958-1000, that's 1-800-958-10000 or visit taxnetworkusa.com Bannon remember the number 1-800-958-100 do it today Human really.

[Donald Trump]

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[Steve Bannon]

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