← Bill O’Reilly’s No Spin News and Analysis
Bill O’Reilly’s No Spin News and Analysis
The Debt Problem and President Trump's Budget Proposal, Mark Penn Weighs in on Polling Accuracy, & Mexico Rejects Trump’s Offer For Help
00:40:20
No Spin News - May 5, 2025
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- [00:01]
Bill O'Reilly
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Hey, Bill O'Reilly here. Welcome to the no Spin News for Monday, May 5, 2025. Stand up for your country. Another day, another controversy, or five or six or seven. It never stops. And we'll deal with many of them, not all of them. Some of them are just stupid and a waste of time. But perhaps the most important thing the federal government is doing right now affects you directly. It's about your money. It's about how much money you give to the feds in tax revenue. It's about how much money you keep to survive. Okay? And that with the tax bill and with the budget bill. And it's very hard to cover these things because they're boring, they're dull. It's like being in an accounting class. But I promise I will make this interesting. And if I don't, you can Mock me, Bill, at billorilly.com name in town. All right. Talking Points Memo is about money. So here is President Trump's budget proposal. Keep in mind the federal debt, how much this country owes is $37 trillion, a record, a dangerous level. Why is it dangerous? Because if people who borrow money from the United States begin calling in the loans, selling bonds, stelling securities, that kind of thing, government's not gonna be able to cover it, okay? And that puts us into a terrible economic circumstance. That's why debt is dangerous. It corresponds to your own house. If you owe an astronomical amount of money and you can't pay it back, you're gonna get it right between the eyes. It's just a Matter of when, not if. Okay? So President Biden was the biggest spending chief executive in history by far. He did not care how much money the government spent. He used all of the programs to buy votes. That is in stone fact. Anybody denies that, they are lying to you. Here's the kick. Biden okayed nearly $5 trillion of new spending over a 10 year period while he was in office that the government couldn't cover. Okay? Now Trump comes in and he slash and burns, you know, Musk, you know, Doge, that's just the pittance, okay? That's just, you know, it's symbolic. So Trump wants to cut 163 billion this year, 2006, fiscally from the domestic spending. No cuts for Social Security or Medicare, despite what the opposition says. But there would be caps on how much the federal government sends to the states to pay Medicaid. That's what these charlatans are giving you. They're going to cut Medicaid because they want to cap it. All right, why do they want to cap it? Come back to me. They want to cap it because there are no work requirements in 49 out of the 50 states to get Medicaid. So a sane system, an honest system would say if you are able bodied, you have to look for a job to qualify for this Medicaid stuff. Not if you have four kids or you're a single mom or you're sick. No, but if you're an able bodied man, you got to look. Or woman with no children. Only one state has that. You know what state it is? Georgia 49 don't have it. So the layabouts can just get free medical care. Trump wants to cap it. Okay, so when you hear Trump wants to cut Medicaid, that is the deception. All right, here are the federal departments that Trump wants to cut. Go. Commerce, apartment 17%. Education 15. Energy 9. Environmental Protection Agency, a whopping 55%. That's the green stuff. Health and Human Services 26%. RFK Jr. Says that's because there's redundancy. Five people doing the same thing. Parmen, Housing and Urban Development, 44%. Labor Department 35. NASA 24. Okay, got it. Those are the cuts that Trump wants. Democrats want no cuts for anything. They're happy with the $58 trillion debt of 57 trillion. I'm sorry, 36. I keep saying 50. It's $37 trillion debt. That's what it is. Democrats want no cuts, not just want to keep running it up. Okay, here is the budget increase schedule for Trump. Parmen of Homeland Security, 65%. That's deportations. And now the Trump administration is going to offer migrants 1000 bucks to get out of here. We'll do that tomorrow. I want to look at the proposal. Defense Department, 13. That's because China and Russia. Transportation, 6%. That's more. Air traffic controllers. Department of Veterans Affairs, 4%. That meets the inflation rate for veterans health benefits. Okay, now again, this is not going to get a single vote in the Democratic precincts. Roll the tape. The budget that the president put out that we just are reviewing now is one that is really a shame. A budget should be a statement of our national values. What is important to us as a nation should be reflected in that budget. It should be a budget of investing in our future for our children. And the rest. Yeah, our children invest. Yeah. But with no limits at all. Now, the final part of this talking points memo is the press will seize upon all the cuts to give you sob stories because people will suffer. They will. When you cut the programs, people are going to be left out. People who were getting government subsidies aren't going to get them. They're not going to be happy. I'm going to this. This person is going to starve to death. And you will see that constantly on the corporate media. Okay, well, what is the alternative? Did you know that Fast Growing Trees is the biggest online nursery in the USA with thousands of different plants and more than 2 million happy customers. They have all the plants your yard needs, like fruit trees, privacy trees, shrubs, and much more. Whatever plants you're interested in, Fast Growing Trees has you covered. Just order online, get your dream yard delivered right to your door. And this spring, they have the best deals, up to half off on select plants. Plus, my listeners get 15% off their first purchase when using Code Bill at checkout. That's an additional 15% off at fast. Growingtrees.com with code bill at checkout, now is the perfect time to plant. That's fastgrowingtrees.com don't forget, use Code Bill to save offers valid for a limited time. Terms and conditions apply. Let's face it, the US Economy is under stress. National debt rising, trade war shaking the markets. And meanwhile, China is dumping the dollar and stockpiling gold. That's why I protected my savings with physical gold and silver through the only dealer I trust, American Hartford Gold. And you can do this. Get precious metals delivered to your door or place in a tax Advantage Gold IRA. They'll even help you roll over your existing IRA or 401 tax and penalty free with billions in precious metals delivered, thousands of five star reviews and an A plus from the Better Business Bureau. You can trust American Hartford Gold as I do. Please call 866-326-5576 or text BILL to 998899. Again, that's 866-326-5576, or text BILL to 998-899. It's just maddening. But that's a two party system. Republicans are going to cut smaller government. Democrats spend, spend, spend. We don't care if we spend ourselves into bankruptcy, which we have. And that's the memo. Donald Trump also wants to knock out all federal money to pbs, NPR and take the tax subsidy away from Harvard University. Okay, so Harvard's supposed to be, you know, nonprofit and all of that. And they get a tax credit for it, huge tax credits. And Harvard, Trump doesn't like Harvard and says no, no more tax credits for you, NPR and pbs. You're on your own. It's going to have trouble with the npr, pbs, Harvey, to be able to be able to knock that out. But Congress is in charge of the money and when it gets into court, it will. Harvard's already suing. But federal judge, if you follow the way we're structured, might go, hey, look, Congress has got to okay taking money over away from PBS and npr. And there was a bill that was supposed to be introduced by that loon Marjorie Taylor Greene, but I haven't seen the bill. That would be the way to do it. Have Congress say no, pass a law much easier. Anyway, here's what I said on the News Nation special about Donald Trump's first 100 days. Go. Part of Trump's war on woke has now been a war on Harvard University, your alma mater. Do they deserve it? Yeah, they do. And I'll tell you something else I haven't really made public. So I'm in touch with a lot of people at Harvard and I said, look, I'll broker a deal with you guys and the president if you want me to. But I said if you want me to do it, you're going to have to agree to change. You can't have 82% of your faculty defining themselves is left far left. And that's the rub. You can't have tax money going into ideological concerns. You can't. That's why Trump will win that. All right. I just want to throw in one more thing about your money. You heard if you saw the town hall on News Nation with me taking apart Carville and the Massachusetts Congressperson auction, slush. All these wild things about the stock market and trillion dollars disappearing. As of Friday, the S and P is up 0.28% from Liberation Day. So all of the stock losses have been recovered. Maybe not in your portfolio, certainly not in mine. I've got some stocks that got hammered and they haven't come back. Okay. But generally speaking, it's a wash at this point. Bill O'Reilly here. I recently sat down with President Trump in Florida, and I can tell you he is laser focused on helping Americans prosper during his second term. That's why I have joined forces with Alexander Green, chief investment strategist at the Oxford Club, for a special presentation called the Rebirth of the American Dream. In this groundbreaking event, you will discover why Donald Trump's policies could trigger an economic boom, how the AI revolution could help create more millionaires than at any other time in history, details on six specific stocks that could soar during Trump's presidency, and most importantly, how you can achieve the American Dream. Now, I followed Alex's work for more than 20 years and he spotted some of the best performing stocks of our time. So please don't miss this opportunity. Visit Trump's American Dream.com Trump's American Dream.com all right, latest Harvard Harris poll run by our pal Mark Pant. Fair poll, 2286 registered voters. That's a big, big crew. Okay, favorability of Donald Trump as president. Approve, 48. Disapprove 46. Right or wrong track of the country. Right track 39. Wrong. 49. 10 point gap. Next question, do you approve of the Republican party or disapprove? Approve. 51. Disreve 49. Finally, approve or disapprove of the Democratic Party. Approve 42. Disapproveal 58. Big Gap. Joining us now, Miami, Florida is Mark Penn is the chairman and CEO of Stagwell, a global marketing firm. And you do oversee this poll, but this poll is different than most other polls. How come?
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Mark Penn
Sorry, you went in and out of there.
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Bill O'Reilly
This poll, your poll, Harvard Harris is, is different than most of the other polling. Why?
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Mark Penn
Well, look, you know, we interview voters and you have to be careful. Well, there are two things. One, you have to differentiate between the polls that tend to interview all adults because all adults tend to be more negative about everything. And so they're more negative towards all politicians than voter polls. We're a voter poll. The second thing is I made sure to readjust my sample after the election to make sure that it represents that the Republicans now are a bigger party than the Democrats. That was the result of the election. That's what Gallup found. And I think a lot of the other polls just, you know, basically had Harris winning and then stuck with their exact sample. We had it very close, within two points. Either way, we. We made sure that our samples, we believe, accurately represent the country. And it's not like Donald Trump's in the 70s or anything, but he. He certainly has continued to keep his constituency maybe a little bit more. He's got some very high approval ratings on some of the policies, you know, he is pursuing and some things that people are not as happy with.
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Bill O'Reilly
Okay. And I'm a kind of guy that puts the polls into perspective as far as data is concerned. And you run an honest poll. I've never had a problem with Harvard. Harris poll. I don't have a problem with Gallup. All right. McLaughlin is always very accurate. And the guys in Brazil are good. Forget their names now, but they were the best on the presidential race. Do you believe that there are certain outfits that have their thumb cliche on the polling scale and want to deliver a bad poll number for Trump?
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Mark Penn
Well, look, I, I think you've seen the entire media, you know, gang up pretty much on the president and his policies. You've seen it. I mean, look, imports are only 10% of the country, and a 10 tariff on 10% of the country is 1%. And, oh, my God, did you see dire predictions of complete economic collapse here? All right, tariffs may not be a positive move compared to tax cuts and may have some dislocations, but relatively speaking, you saw this vast exaggeration of their size and impact. And at the same time, it's the same thing. I think that you see in some of these polls, they don't ask the questions, you know, that they don't want the answers to. We're very clear, you know, people support taking those people who are here illegally and committed crimes out of the country. There's no question about that. They may not be for renaming the Gulf of Mexico into Gulf of America, but when it comes to the core immigration policies that the President is pursuing, that's supported by like 70% of the country, if not more.
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Bill O'Reilly
Well, I think, and you correct me if I'm wrong, because you know more about this than I do, but I've been around a while. When you are being paid to deliver data, you pretty much want to please your paymaster. It's a psychological thing. And if there are ways that you can do that, and you pointed one of them out by keeping an obsolete model that the Democratic Party has a bigger presence than the Republican Party when that's not true any longer. But nobody knows whether you're keeping that or not except you. And you want to get paid. You'll keep the obsolete model. That just makes sense. Right?
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Mark Penn
Well, the Harvard. Let me say that the Harvard Harris poll is done as a nonprofit purely because I felt that newspaper polls were no longer reflecting the kind of more accurate polling that I did at the White House when I worked with President Clinton. Because, I mean, I went back and I saw, well, sanctuary cities. Would you think it's popular that cities don't pick up people who are designated as and committed crimes and deport them? Well, I found out that no poll had asked that question since 1978. Right. So a lot of the polls don't carry the questions they don't want the answers to. Now, I'm not going to indict the whole profession. People run honest polls, you know.
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Bill O'Reilly
But your poll is a lot different than 80% of them. Let me ask you one more question. Forward looking, the media, as you pointed out, does have a tendency to try to panic the folks. You use the tariff example, the import example is very low. When the folks hear that and then they see a down day on the stock market or a down week, they do indeed panic. And that is reflected in the polling, correct?
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Mark Penn
Yeah. I have actually found that the voters are less sensitive to the stock market. They're mostly sensitive to the prices that they pay and to the unemployment rate. And those things very much directly affect politics. Look, why isn't Trump, you know, in the 50s or 60s? Right. Because the most important issue right now is inflation, and people haven't experienced inflation coming down or prices down, even though gas and eggs are down somewhat. The president is off on a lot of other issues, particularly immigration, but also on tariffs on a number of these others. But the, the voters, I think, are really looking for a demonstration that, that the economy is going to be strong, that his economic policies are going to work and that they're going to. Their wages are going to grow faster than prices.
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Bill O'Reilly
Well, that's what he's, that's what he's trying to do, but nobody knows whether that is going to work or not. Mark Penn, thank you very much. We always enjoy talking to you and we'll speak again soon, I hope. Thank you. All right, let's go to Mexico and you know how I feel about that country. So we are the biggest trading partner for Mexico. Mexico cannot survive without the United States. We buy their stuff. Millions of Mexico in the United States legally and illegally send money back to their relatives inside of Mexico. Tourism is the biggest next to oil. And I don't even know what the Mexican oil industry does anymore. But without the United States, Mexico goes down. In return, Mexico has allowed drug cartels to kill more than a million Americans all right, this century so far. And they don't constrain the drug cartels. The drug cartels are the most powerful unit inside of Mexico. They run, okay, areas of the country, Sinaloa, you know, a whole bunch cartels run them. They bribe officials. If you don't take the bribe, they shoot you and your family, okay? The Mexican government had no control over them at all. None. Obrador was a disgrace. Now they have a new president, Gloria Sheinbaum, okay? She didn't have any control over the drug cartels. They run Acapulco.
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Mike Slater
My name is Mike Slater. I have a podcast called Politics by Faith. I was just talking to a friend of mine who said he hasn't been able to follow the news lately. It's been too much. It's too crazy. It's driving him crazy. And he's just checked out. If you feel that way sometimes, too, I think you'll really like our podcast, Politics by Faith. We take the main story of the day and we run it through the Bible. What does the Bible say about this? It's amazing, but it's all there. And then God tells us what to do. We don't even have to figure it out. The answers are right. There, he gives us the answers. Politics by Faith. Please join us over there. You can listen to it wherever you're listening to this podcast right now. Politics by Faith.
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Bill O'Reilly
All right. I was in a town called La Paz a few years ago. Cartel in the whole town, all the buildings, all the restaurants, all the bars, the cartel, you saw them there. They were okay, because they had the money. So Trump is trying to break the drug cartels, and he has designated them as terrorist groups, which means the United States can hunt them down and kill them anywhere in the world or incarcerate them. Guantanamo Bay. I wrote a message of the day about this today on billorilly.com Sheinbaum is not cooperating with Trump in trying to destroy the drug cartels. It's shocking. Roll of tape. In one of the calls, US President Donald Trump said it was important for the US army to enter Mexico to help us in the fight against drug trafficking. And I want to say that's true. In some of the calls, he said, how can we help you fight drug trafficking? I propose that the US army come in to help you. And you know what I told him? No, President Trump, the territory is sacrosanct. Sovereignty is sacrosanct. Sovereignty is not for sale. Sovereignty is loved and defended. What a bunch of bull. You don't have sovereignty, madam. You don't run your own country. I mean, it's so insane that this century, more than a million people in Mexico have been murdered or disappeared according to a variety of human rights. They shoot mayors, they shoot journalists, they shoot anybody. You don't have any sovereignty. You don't run your own country. And Trump is handing you a card that would break these drug cartels once and for all. And all he wants you to do is cooperate with him. We don't even need your cooperation by US Law, by the way. We don't even need it. We can drone those people or send SEALS in to get them anytime we want. And what are you going to do about it? Nothing. Trump is being polite to you, and you do this. Here's what our president said.
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Well, she's so afraid of the cartel, she can't walk.
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So, you know, that's the reason.
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And I think she's a lovely woman, but the president of Mexico is a.
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Lovely woman, but she is so afraid of the cartels that she can't even think straight. That's true. She's afraid she's going to get killed. And that's where we are in this. And nobody else in American media will tell you the truth. I Don't go to Mexico. You know that. I'm going to do more on this, on YouTube, on our YouTube special. We call it bonus YouTube bonus. I'm going to get into the precise stats and how horrendous this whole country is. Mexico, you imagine if another country was killing Americans the way that fentanyl and heroin and cocaine are killing Americans, and the government wouldn't do anything to stop it. I mean, we declare war on them. Wars have started for a lot less than this. All right, check out the YouTube thing. We'll give you the address a little later on 60 Minutes. You know, this really hurts me to report the story. So Scott Pelley is a good correspondent. He broke the record for emmys. He won 51 or something like that. He despises Donald Trump. He puts himself up as Edward R. Murrow versus McCarthy, Senator McCarthy. That's what Kelly's doing here. And it's piece after piece after piece. Trump is the devil. Trump is the devil. Trump. Trump is suing 60 Minutes. You know the story. All right, so last night, they do a story about Trump threatening law firms, denying them federal business because of what Trump sees as corruption of those law firms. The guy that Peli centers in on is named Mark Elias. He was the top lawyer for Hillary Clinton when she ran against Trump in 2016. Pelly turns Elias into a hero. Go.
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Mark Penn
Donald Trump hates me because I fight.
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Bill O'Reilly
Hard and I fight for free and fair elections. I insist on fighting for democracy in court, fighting for voting rights in court, and insist on telling the truth about what the outcome of the 2020 election was. That's a bunch of bad word. It's a bunch of bull, okay? Trump does not despise Elias because he fights for freedom or anything else. He despises Elias because of this. Number one, Elias. When he was running, the Hillary Clinton campaign hired Fusing GPS to do opposition research against Donald Trump. They then hired the British firm that put together the anti Trump dossier in the Russian collusion fraud. Okay, so Mark Elias directly responsible for that whole Russian collusion fraud, which he thought would derail Trump and lead Hillary Clinton to the White House. That's why Trump hates him. And subsequently, there was an investigation. It was no Russian collusion. An FBI agent went to prison or was convicted for ginning up phony FISA warrants. All of that came from Elias. Okay? Pelli didn't mention it once. Not once. I'm sitting there stunned. Okay? In addition, he's got three lawyers, Elias and two others pounding Trump as a fascist who wants to Destroy the Justice Department. Not one lawyer who supports Trump. Not one. In the whole piece. I tweeted about it. I mean, I'm sitting there going, what is going on in this country when this CBS News puts this on the air. And they know what they're doing. They know who Elias is and what he did with fuse and GPS. They know and ignored it 100%. They couldn't find one Trump lawyer to put forth Trump's point of view. 60 minutes. All right, then Donald Trump unfortunately puts a photo of himself dressed as a pope on X, I believe. Right. Okay. There it is. Now, this is dumb. Why would you do that? This happened Friday. So of course people are offended. Roll the tape. I hope he didn't have anything to do with that. Are you offended by that? Well, you know, it wasn't good. So Trump didn't do it, but he retweeted it. Is that what they say? I just don't understand. I really don't understand. Now. Am I offended by. I'm not offended by much. But it's so unnecessary because many Catholics, the majority voted for Trump. That's. You may think it's funny and it's fine, but why do that? Why that kind of stuff? Smart life. So we're always looking out for you. I hope you believe that. I think you do. You wouldn't be here if you don't. So I can't cover foreign news as much as I'd like to because I got so much on the domestic front and we have to concentrate on that. But there's a very good website that covers foreign news called a Global Post. I mentioned it before. And they are going to give Bill O'Reilly subscribers 50% off their yearly. And it's not much. And what you do is you go to globalpost.com and you, when you fill out their promotion code, you put bill or capital letters, notice the caps, and then you get 50% off. Okay. This is for new subscribers to global post.com so if you're foreign news person, this is good. Comes every day. I read it every day. Comes very early in the morning. Stuff that I just can't cover. So we hope you check it out. Stan. History. May 5, 1945. Amazing story. I did not know this. There was one Japanese attack in Second World War that hit the U.S. mainland. Okay. There was action in the Aleutian Islands up in Alaska, but only one. And it happened 80 years ago today. It was a balloon bomb that took three days to travel from Japan to Oregon. It exploded in Oregon and killed A woman, a pregnant woman and five Sunday school children who were on a picnic. Boom. And I mean, I wrote two books. I wrote Killing the Rising sun and Killing Patton and killing the SS3 on World War II. I never even heard of this. Now the US government, I mean, and these five kids, dead. All right, Gerhardt Mountain in Oregon. You guys who live out there, you might know where that is. The US government paid compensation of $5,000 to the woman's husband and 3,000 each. The families of children were killed. And then as I mentioned, it was fighting in the Aleutian Islands at Tuinkiska between the US forces and the Japanese. And that happened. That terrible thing happened, the balloon bomb, 80 years ago today. Back with a final thought in a moment. All right, here is a final thought of the day. The town hall last Wednesday on News Nation, as we reported, was a huge success worldwide. We'll do more of them now that the network knows the power of it. And then I did the 100 day special with Leland Vittert as I mentioned, that will run again on the CW network on Thursday at 9:00pm now, the reason I'm doing all this and it's killing me to do it, because my workload last week, I mean, I was like a Sherpa. You know what a Sherpa is? Sherpa is an Asian guy who is hired to carry heavy stuff up the Himalayas, okay? And these guys, these guys are like this. And they work. I don't blah. That's what I felt like last week, a Sherpa. Because every hour on the hour was another thing I had to do now. It was worth it. But Friday, I slept till 9:30 in the morning on Friday. I never do that. I never do that. And I open my eyes, I'm like, whoa, 9:30 in the morning. And I think I took a nap too. In addition to that, I was like, whoa. Out. So it's a lot of hard work to put these things on the air, but it's worth it. It's worth it because you guys know where I am. But a lot of millions and millions of people, especially elderly Americans, wherever I go, I go, oh, we miss you on TV. Because they can't get it. They can't get billorily.com it's too hard. They want to do what they've always done. They sit in the living room with the clicker, their thumb on the thing, and there is what they watch. And they don't want to go to a phone or a computer. And I know, but you're missing out big time. Thank you very much for watching and listening to the no Spin tonight. I'm Bill O'Reilly. We'll see you in a minute.