Episode 878: Balancing the Federal Budget

Newt's World

Gingrich 360

News, Politics

4.7 • 6.3K Ratings

🗓️ 8 August 2025

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Newt talks with David Bahnsen, founder and chief investment officer of The Bahnsen Group, about the importance of balancing the federal budget and addressing the national debt, which is nearly $37 trillion. He reflects on his past success in balancing the budget as Speaker of the House in the 1990s and emphasizes the need for fiscal responsibility. Bahnsen shares his nuanced views on the Federal Reserve's role in setting interest rates, arguing against the need for a Central Bank to set the price of money. Bahnsen critiques the current monetary policy and the impact of tariffs on the economy, expressing concerns about the effects on small businesses and advocating for pro-growth policies. Their conversation also touches on the challenges of entitlement reform, the impact of foreign investment, and the need for effective communication in political discourse. Bahnsen's Dividend Café newsletter offers insights into market trends and economic perspectives, aiming to provide objective advice for investors.

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Transcript

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0:00.0	This is an IHeart podcast.
0:02.0	Well, in this episode of NUTS World, I think one of the most important things we have in our agenda as a country is to balance the federal budget and pay down the national debt.
0:19.0	The national debt is nearly $37 trillion right now,
0:23.1	and it's going up. I think we owe it to our children and grandchildren to balance the budget
0:27.4	and bring fiscal responsibility back to the federal government. As Speaker of the House in the
0:32.9	1990s, I led the only effort in the last hundred years to balance the budget for four straight years.
0:39.5	So I know it can be done because we did it.
0:42.6	We were successful then and we can be successful again if we do what it takes.
0:47.6	My guest today is the founder, managing partner, and chief investment officer of the Bonson Group, David Bons,
0:55.8	overseeing the management of $7 billion in client assets. Prior to launching the Bonson
1:02.4	Group, he spent eight years as a managing director at Morgan Stanley and six years as vice
1:08.9	president of UPS. He is consistently named one of the top financial advisors in America
1:14.3	by Barron's, Forbes, and the Financial Times.
1:18.2	He's the editor of the Dividend Cafe Newsletter.
1:40.0	... David, it's a great honor to have you with us and given the scale of your knowledge.
1:42.5	Thank you for joining me again on Newts World.
1:44.8	Well, thank you so much for having me, Mr. Speaker.
1:49.2	Let's start with the Fed and then go to tariffs.
1:54.9	What do you make of the whole argument right now about what the appropriate rate should be and what the chairman of the Fed is trying to accomplish?
1:58.2	Well, as I find is often the case these days, my views require a little
2:04.5	nuance, and nuance is sort of out of style. Most people are expected to sort of emphatically be on
2:11.5	one particular side or another. I believe, first of all, that there is no need for a central bank to set the price of money.
	...

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