Monitoring Global Risks and Stress-Testing

🎙️ The fellas sit down with Treasury Secretary Scott Bessent for a wide-ranging conversation that hits policy, politics, and the pure theater of the moment. We talk through what Trump Accounts are built to do—seed money, compounding, and a real push toward financial literacy—plus how the private sector and states may stack on top of it. We also get into the broader economic pitch: growth, inflation, deficits, and why Bessent thinks the private sector is about to do the heavy lifting.

💰 Then we sprint to catch up with Senator Ted Cruz after President Trump riffs—very publicly—about Cruz as a possible Supreme Court pick. Cruz gives us a definitive answer, explains why he doesn’t want the robe, and lays out how he sees his role in the middle of policy fights instead. We also get the behind-the-scenes origin story of Trump Accounts—from a late-night Vegas poker table to drafting the provision that ends up in the bill.️

👑 After the interviews, we talk through what we heard, what it signals for the midterm conversation the fellas are building toward, and we get into listener comments on early Senate predictions. We close it out with our Thursday staple, King of the Hill, where Cheri Jacobus takes on champion Steve Schmidt.

00:00 — Treasury Secretary Scott Bessent

03:16 — What Trump Accounts are and why the media isn’t covering it

09:18 — Smug’s big announcement

10:34 — Markets, compounding, and why this is meant to change behavior

14:22 — Davos: what happened with Gavin Newsom

23:32 — Fraud, NGOs, and “benefits turned into business”

31:19 — What “too small to succeed” means

33:32 — Smug’s baby news

44:15 — Trump’s Cruz riff: Supreme Court chatter goes public

45:35 — Ted Cruz on possible SCOTUS nom

59:18 — King of the Hill

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