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Russell Vought: “We literally just recapitalized the entire Coast Guard…”

Featuring: Russell Vought, Director, U.S. Office of Management and Budget | National

Russell Vought, Director of the Office of Management and Budget (OMB) | RNDF Fireside Chat

Published December 6, 2025 | Video Starts at 18:37

So obviously most of it is in the Navy, but there is, you know, contracts to be had in Department of Transportation, the Coast Guard. We literally just recapitalized the entire Coast Guard fleet. No one knows that because everyone's focused on the bigger aspects of the, of OB3. But in terms of the Coast Guard, I mean it was generational. (18:37–18:41)

CLAIM

Asserts that the entire Coast Guard fleet has been recapitalized.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Russell Vought

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“We now have $4 trillion in tariffs over 10 years that are a part of our fiscal picture.”
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“One of them is Davies is putting a billion dollars into Texas into this new manufacturing facility.”
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“The President's very concerned about making sure that we can fill our stores with enough munitions.”
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“We want more Virginia submarines and ships built.”
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“We have a massive backlog. We have many programs that are overrun.”
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“Frigate, for example, you know, was only 15% deviation away from the model that we had picked. Come back into office and it's now an 85%…”
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“We want a big maritime supremacy effort to be able to ensure that we keep sea lanes open.”
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“We hit a trillion dollar level with a combination of the base through discretionary and $150 billion over two years.”
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“Our defense increases have been held hostage by the non-defense needs.”
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“We're $38 trillion in debt.”
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“We wanted a strategy that was a Republican only strategy in terms of votes to secure our defense needs.”
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“We need new yards. We need a lot of capital investment.”
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“We are working seamlessly and integrated with NSC and the Pentagon on this.”
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“We have an affordable, fiscally responsible way to both deal with our debt and to have a strong economy.”
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“The one big, beautiful bill did many things, including the tax cuts, but it had historic levels of mandatory savings.”
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“We had a 9% inflation for the first time in 40 years, the president has gotten inflation under control.”
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“Gas prices are down and we are hard at work trying to make housing cheaper.”
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“The president has said he is always willing to tackle the types of issues in health care that have led to exploding cost from Obamacare.”
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