Bannon`s War Room Episode 4481: Trump Heads To Saudi
May 13, 2025
Jim Rickards, an economist and former advisor to U.S. intelligence, and U.S. Representative Andy Biggs dive into the geopolitical implications of Trump's visit to Saudi Arabia. They discuss the extravagant reception and its strategic importance for U.S. foreign policy. Key topics include the potential effects on the petrodollar, challenges in Medicaid and federal spending, and the risks surrounding Biden's leadership. The conversation also examines capital investment's role in national security and the rising threats to American economic stability.
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Saudi Royal Welcome to Trump
- The Saudis greeted President Trump with royal honors unlike they did for President Biden in 2022.
- They projected Trump's face on the Ritz-Carlton during his 2017 visit to flatter and treat him like royalty.
Big Bill Can't Control Deficit
- The 'big, beautiful bill' targets mandatory spending but cannot cut Social Security.
- Less than 10% of the annual structural deficit will be cut; debt will balloon to $60 trillion in 10 years.
Need Funding Tradeoffs for Tax Cuts
- To fund tax cuts, tradeoffs in other budget areas must be made.
- Medicaid expansion needs work requirements for able-bodied adults to mitigate spending growth.