ALBANY, Georgia (PNN) - April 24, 2025 - Steve Bannon is asking questions nobody else wants to touch. He is 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 does not work. It is not adding up, and he is right to be concerned.
Right now, we have officials promising major economic growth, no new taxes and a bright financial future; but where are the cuts? Everyone is talking big, but no one is saying how we are going to pay for any of it. You cannot keep spending like crazy and pretend that everything is fine. That is not how real life works. Even cutting just a little - $150 billion - has not been raised.
Then there is 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. Yet absolutely nothing has been done to fix this. If we are serious about making changes, Bannon says we can’t keep giving defense a free pass. He says there is a ton of money being thrown away.
Bannon’s last point hits hard - he says we are getting dangerously close to a financial breaking point. The entire world is buried in massive debt. Eventually, someone is going to come calling for that money. When that happens, it won’t just hit Wall Street - it will hit everything. That kind of pressure does not just magically go away. If people lose confidence in how the (Fascist Police States of Amerika (FPSA)) is handling things, the whole system falls apart.
In his latest WarRoom clip, Bannon lays it out in plain terms everyone can understand. But keep in mind, he is not attacking President Donald J. Trump or Elon Musk - this is not personal. He is just pointing out that you cannot run a country on pipe dreams. Sooner or later, the numbers have to add up and make sense. If we don’t get serious about cutting spending, something is going to give.
“The math doesn’t work unless you raise top bracket taxes and even then, it is 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 have found nothing? That place is a viper’s nest. Still, nothing,” said Bannon.
“You are going to have to cut defense. These are fantasies people are living in. Do not forget, the global bond market gets a vote,” said Bannon. “Equity markets matter, sure they lower the cost of capital but that is not the main thing. The main thing is the bond market. The world is sitting on $300 trillion in debt. Now it is margin call time.”
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 are spending more just to cover the interest than we do on the entire military.
In Fiscal Year 2024, for the first time, the FPSA 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 FPSA can keep this up.
FPSA government bonds, traditionally seen as one of the world’s safest financial assets, are suffering a dramatic sell-off as President Donald J. 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 cannot ignore the fallout. What Bannon is saying might make some folks feel uncomfortable - but he is 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.
