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Steve Bannon is asking the questions nobody else wants to touch. He’s looking at the numbers behind all the big promises being made right now—and calling it like he sees it. According to Bannon, the math just doesn’t work. It’s not adding up, and he’s right to be concerned.
Right now, we’ve got leaders out there promising major economic growth, no new taxes, and a bright financial future. But here’s the problem—where are the cuts? Everyone’s talking big, but no one’s saying how we’re going to pay for any of it. You can’t keep spending like crazy and pretend everything’s fine. That’s not how real life works. Even cutting just a little—$150 billion—hasn’t been brought up.
Then there’s the heart of the problem: The Pentagon. Bannon points out what most of us already know: that place is overflowing with waste and horrific spending. And yet, absolutely nothing has been done to fix this. If we’re serious about making changes, Bannon says we can’t keep giving defense a free pass. He says there’s a ton of money being thrown away.
And Bannon’s last point hits hard—he says we’re getting dangerously close to a financial breaking point. The entire world is buried in massive debt. And eventually, someone’s going to come calling for that money. And when that happens, it won’t just hit Wall Street—it’ll hit everything. That kind of pressure doesn’t just magically go away. If people lose confidence in how the US is handling things, the whole system falls apart.
In this latest WarRoom clip, Bannon lays it out in plain terms everyone can understand. But keep in mind, he’s not attacking Trump or Elon—this isn’t personal. He’s just pointing out that you can’t run a country on pipe dreams. Sooner or later, the numbers have to add up and make sense. And if we don’t get serious about cutting spending, something’s going to give…
Grace Chong:
Bannon: The math doesn’t work unless you raise top bracket taxes and even then, it’s weak. Elon promised 5% growth. Where are the cuts? $2T? $1T? Even $150B?
You’ve been at the Pentagon for two months. Waste, fraud, and abuse everywhere and you’ve found nothing? That place is a viper’s nest. Still, nothing.
You’re going to have to cut defense. These are fantasies people are living in.
And don’t forget, the global bond market gets a vote. Equity markets matter, sure they lower the cost of capital but that’s not the main thing. The main thing is the bond market. The world’s sitting on $300 trillion in debt. And now it’s margin call time.
Bannon: The math doesn’t work unless you raise top bracket taxes and even then, it’s weak. Elon promised 5% growth. Where are the cuts? $2T? $1T? Even $150B?
You’ve been at the Pentagon for two months. Waste, fraud, and abuse everywhere and you’ve found nothing? That place is a… pic.twitter.com/5F2xVuB33T
— Grace Chong, MBI (@gc22gc) April 23, 2025
Is Bannon wrong to sound the alarm? His argument is that this isn’t just about theories or predictions. Real experts have already warned that interest payments on our debt are exploding. Some say we’re spending more just to cover the interest than we do on the entire military.
Taxpayer:
In Fiscal Year 2024, for the first time, the United States spent more on interest payments to service the national debt than on the military.
Preliminary numbers tag Pentagon spending at $826 billion, while net interest jumped to $950 billion.
Is that sustainable? Meanwhile, people around the world are starting to question if the US can keep this up.
The Guardian:
US government bonds, traditionally seen as one of the world’s safest financial assets, are suffering a dramatic sell-off as Donald Trump’s escalation of his tariff war with China sends panic through all sectors of the financial markets.
Now let’s be clear—this tariff war is a fight worth having. For decades, China’s been eating our lunch, and President Trump is the only leader bold enough to stand up and say, “no more.” But at the same time, we can’t ignore the fallout. And yes, what Steve is saying might make some folks feel uncomfortable—but he’s doing what real leaders do: asking the tough questions and refusing to lie about the numbers.
If the math isn’t mathing, we need to figure out why and fix it quick.
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