On the record about
6 people · 28 quotes · 25 May 2022 to 3 Jul 2026
3 of 6 lanes rest on fewer than 5 quotes and are marked thin. Offsets are days from the middle first-quote date, 16 May 2024 — a date, and nothing else. It is not a claim about who reached a view first.
Sacks states forty billion dollars in weapons going to Ukraine is just one month's delivery.
“40,000,000,000 of weapons are going there, and it's just this month's delivery. So, I mean”
Gerstner calculates Invest America would cost $3.7 billion annually, less than one-hundredth of one percent of budget.
“There are 3,700,000 kids born every year in America. If we just put a thousand dollars in the S and P 500, it's only 3,700,000,000, less than one one hundredth of 1% of the national budget, less than the cost of a single weapon system.”
Gerstner says incremental Ukraine budget request could fund Invest America for 50 million kids over fifteen years.
“The the the incremental budget we're looking for in Ukraine would pay for this for 50,000,000 kids and fifteen years.”
Gerstner says Invest America would cost $3.7 billion annually, less than one-tenth of 1% of federal revenue.
“The total cost to the government is $3,700,000,000 less than one tenth of 1% of our federal revenue.”
Gurley compares proposed $32B AI spending to NIH's $40B budget and NSF's $9B.
“The National Science Foundation is nine down from 10. So 49, you're going to start the AI foundation or federation or whatever it is, institute at 32,000,000,000 a year.”
Gurley notes proposed $32B AI spending would sit just below NIH's $40B and far above NSF's $9B.
“You're going put it right below the Institute of Health and Forex, the National Science Foundation, it just seems a little overkill.”
Friedberg states the US has $33 trillion national debt and a proposed $7 trillion budget next year.
“We are proposing the federal administration is proposing a $7,000,000,000,000 budget next year. We have $33,000,000,000,000 of national debt.”
Gerstner argues federal budget can balance in four years with modest 5-5-2% spending cuts and 3-4% revenue growth.
“So all that does is get you back to trend line from 2019 As though we increased spending 3% a year from 2019, the budget balances.”
Gerstner calculates federal budget balances in four years with 3-4% revenue growth and modest 5-5-2% annual cost cuts.
“So all that does is get you back to trend line from 2019 As though we increased spending 3% a year from 2019, the budget balances. It's tiny. These are tiny changes in costs.”
Gerstner argues balancing the budget by 2029 requires reducing government spending 3% annually from $7T to $6T.
“Now you get there by simply reducing the size of government by about 3% a year for the next four years. Again, just still going from 5,000,000,000,000 in 2019 to 6,000,000,000,000 in 2029.”
Gerstner calculates that 4.9% revenue growth would produce a $450B surplus by 2029.
“If we grew revenues at the same rate that we have for the last twenty years, right, starting next year, which is 4.9% per year CAGR for twenty years, we would end up with a $450,000,000,000 surplus in 2029.”
Gerstner calculates that historical revenue growth rates produce $450B to $700B surpluses by 2029 with spending cuts.
“If you do that and simply reduce the size of government back to trend line, you end up with a 700,000,000,000 surplus.”
Gerstner calculates that $1,000 seed accounts for all newborns would cost $3.7 billion annually.
“So if you give $1,000 in a seed capital account to each of the newborns in this country every year, it costs $3,700,000,000 Okay? $3,700,000,000”
Gerstner says Ukraine's $175 billion could fund Invest America for 45 years and 170 million children.
“That $175,000,000,000 would pay for this for forty five years and a 170,000,000 American children. It's time that we start making trade offs.”
Lutnick predicts Trump will balance the budget and interest rates will drop 150 basis points during his term.
“Let Donald Trump is going to balance the budget of The United States Of America. Interest rates are gonna drop a 150 basis points during his term.”
Lutnick says Musk will cut $1 trillion in waste while administration earns $1 trillion revenue to balance budget.
“Elon Musk is gonna cut a trillion of waste, fraud, and abuse, and we are gonna earn a trillion dollars of revenue, and we are gonna balance the budget for Donald Trump.”
Lutnick proposes selling 400,000 green cards at $5 million each would generate $2 trillion and eliminate the deficit.
“Do realize if we sold those 400,000 a year for 5,000,000 each? You know, that's $2,000,000,000,000 every time. 2,000,000,000,000. We'd have no budget deficit. We could lower taxes on America.”
Lutnick claims the administration will cut a trillion in expenses and raise a trillion in new revenues.
“I think we're going cut a trillion dollars a year in expense, and then I think we can, through tariffs and other means, we're going to get revenues of a trillion dollars.”
Gerstner says Invest America costs $3.7 billion annually, equivalent to one Patriot missile battery.
“So the total cost of this, 3,700,000 kids born a year, a thousand bucks each kid, $3,700,000,000. Just to contextualize that, that's about the cost of a single Patriot missile battery.”
Gerstner says $3.7 billion annual cost for Invest America equals one Patriot missile battery, calling it budget dust.
“Just to contextualize that, that's about the cost of a single Patriot missile battery. In in Washington, they call this budget dust.”
Dearlove criticizes UK budget for failing to prioritize national security and defense spending first.
“how could you possibly have a budget statement in parliament in the current state that we're in where the chancellor of the exchequer doesn't refer to national security and defense?”
Dearlove says UK must cut welfare spending to fund defense, requiring economic sacrifices.
“And the most important way in The UK to do this is to cut the welfare budget and to spend it on defense. And we have to make sacrifices.”
Dearlove criticizes UK government for wrapping intelligence budget into defense budget to inflate spending figures.
“Actually, at the moment, and I'm pretty critical of this, the overall SIV has been wrapped up into the defense budget to make the defense budget look bigger, which is a bit of a cheat because the government are very keen to show that they're increasing defense spending.”
Dearlove argues security is government's first responsibility and UK must cut welfare to reach 5% defense spending.
“That's too little, too late. They need to up to 5%, and all they have to do is to cut the welfare budget.”
Dearlove says UK needs 5% GDP defense spending, government should cut welfare but won't due to left wing influence.
“They need to up to 5%, and all they have to do is to cut the welfare budget. But of course, this government is the prisoner of its left wing and they can't do that.”
Lutnick insists he is present to discuss the budget rather than other topics.
“But I am here today to testify about the budget, and I look forward to discussing the president's budget with you today.”
Lutnick redirects to budget testimony while reiterating his voluntary commitment to answer all questions within two weeks.
“But I am volunteering within two weeks to answer any and all questions on this topic.”
Friedberg details California's revenue concentration: 150,000 people (top 1%) pay $70 billion, one-third of state's total revenue.
“That is 211,000,000,000 of revenue the state generates. A 142 of it comes from personal income tax. The top 1%, 150,000 people pay 70,000,000,000, pay half of that tax of that income.”