Part 7/10:
Spending, Deficits, and Economic Recovery
The dialogue then shifted towards fiscal responsibilities and the growing national debt. Bannon articulated a need for significant cuts to public spending and framed it within a broader critique of the federal government's financial practices. He stated that the national security budget must be prioritized and called for a reallocation of resources towards bolstering domestic manufacturing.
Bannon indicated that the current fiscal policies have led to inflation issues, attributing this to profligate government spending and a loose monetary policy from the Federal Reserve. He underscored that any future economic recovery hinges on drastic changes to spending practices.