If you take from today, 400 days in the future is the first anniversary of Trump's first year of a second term,

January 20th of 26.

The national debt on that day, and if you don't trust me, pull your phone out and go to the debt clock, the national debt will be $40 trillion.

$40 trillion.

Regardless of what President Trump and Doge does right now, those numbers are almost baked in.

And at $40 trillion, the game changes.

As Nigel Farage said, after Liz Truss was thrown out of office by the bond vigilantes,

Nigel told me, he says, Steve, more governments have been turfed out by the bond market than by

howitzers.

Right here in this city, the financial capital of the world is going to determine the success

of Donald Trump's presidency.

The President Trump's got to get, and he will, get a grip on the out of control debt,

the out of control spending, Elon Musk will be a part of

this, right? And I hate to say it, you're going to have populist tax cuts on no tax on tips, no tax on

Social Security, no tax, no tax on overtime. To make up that gap, I hate to say this, I know you got a bunch of

still Republican orthodox folks out here, you're going to have to raise taxes on the wealthy.

Hey, both parties got us into this.

Only the populist naturalists could get it out, but you know what?

The neoliberal neocons are going to have to pay for what happened, right?

We didn't get in this jam.

Do you understand at $40 trillion, a $1.5 trillion of interest expense, what that takes away from the country?

This hole that we have dug is unbelievable.

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