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Steve Bannon: “I've been a big proponent that Those programmatic have to…”

Featuring: Steve Bannon, Former White House Chief Strategist | National

And, This is Steve Bannon | This is Gavin Newsom

Published March 12, 2025 | Video Starts at 13:49

I agree with more, more transparency but I think, but that doesn't to me get to the, to the, to the, the meat of it because I think you're going to have to have programmatic cuts. And I've been a big proponent that Those programmatic have to start in the Defense Department. I was a naval officer for eight years. My daughter went to West Point. It's not, I'm not a dove, but I think I've been a big critic of the. (13:49–13:54)

CLAIM

Asserts support for starting programmatic cuts in the Defense Department.

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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Steve Bannon

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“There's 2 trillion on the audit. I think there's 2 trillion assets they can't put their hands on.”
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“Our trade deficit in I think in January alone was a record trade deficit. I think it was $100 billion.”
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“Goldman Sachs got bailed out. AIG, no corporate guys ever went to prison on the worst bailout.”
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“The Federal Reserve's balance sheet went from $880 billion to I think, four and a half [trillion].”
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“We will never pay off one penny of the face amount of the debt as we increase this now about every hundred days of another trillion dollars.”
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“President Trump won the 2020 election.”
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“We as a Republican Party are the working class party and viewed as such.”
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“I think President Trump's hemisphere the shift to hemispheric defense, which is from Greenland to the Panama Canal.”
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“I think there should be significant cuts to the Defense Department.”
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“There's a lot of MAGA on Medicaid.”
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“If we went back to pre Covid spending.”
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“We don't have a revenue problem. We have a spending problem.”
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“The bond market has turfed out more governments than howitzers.”
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“President Trump wants to go back to more external revenue. That's part of the tariffs he looks at.”
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“Over the last three or four weeks you've had almost a trillion dollars. I think it's $800 billion from Honda, from Siemens, from Apple, it…”
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“Kids from California are not going to be on carrier battle groups [in the Red Sea] to keep the Suez Canal open.”
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“Biden in entire four years was $1.7 trillion of capital investment back here from, I think companies.”
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“The tariffs didn't increase prices.”
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“Corporate America is my enemy number one. They're the leader in the WOKE movement in this country.”
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