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@jonnajarian - Jon Najarian
Why steal Billions, when you can steal Trillions? https://t.co/NGJgRSOjSC
Video Transcript AI Summary
Speaker 0 argues that Elon’s estimate of 20% of federal spending being part of a fraud camp could be higher, and when including state and local spending, the accounting suggests a sizable percentage of overall GDP is effectively theft through government agencies or checks. He predicts a “great uncovering” in 2026, with trillions of dollars of this behavior across the economy, and notes that on the other side, nothing will happen because the cost will be so significant it will feel like staring into the abyss.
Speaker 1 asks how to differentiate between legal theft and illegal theft, noting that Somali daycares’ actions were outright fraud and illegal, while Stacey Abrams’s NGO receiving $2,000,000,000 late in the Biden administration is technically legal but clearly a different kind of theft and fraud.
Speaker 0 responds with a test: “Would you throw up in your mouth when you heard the news? That’s the test. If you don’t pass the common sense vomit in the mouth test, it doesn’t matter whether it’s legal or illegal. It’s up. And you’ll realize that pretty quickly.”
Full Transcript
Speaker 0: My guess, tip of the iceberg, Elon's estimate was 20% of federal spending falls under this kind of fraud camp. Could be more. And then when you add in state and local spending and you start to do the accounting on all of this, we're probably talking about a sizable percentage of overall GDP that is effectively theft through government agencies or government checks being written. And I think that's gonna be the great uncovering of 2026 is we're gonna see on the order of trillions of dollars Trillions. Trillions of dollars of this sort of behavior happening across the economy.
And I also think the other side, nothing will happen. And and I think nothing will happen because the cost is gonna be so significant. It's almost like staring into the abyss. It's gonna make people feel sick to try and address it.
Speaker 1: How do you differentiate between legal theft and illegal theft? Meaning, I think what the Somali daycares were doing was outright fraud and is illegal. But when Stacey Abrams creates a NGO in the final days of the Biden administration and that gets stuffed with $2,000,000,000, I mean, technically, I guess that's legal, but it's clearly a different kind of theft and fraud.
Speaker 0: Would you throw up in your mouth when you heard the news? That's the that's the test. If you don't pass the common sense vomit in the mouth test, it doesn't matter whether it's legal or illegal. It's up. And you'll realize that pretty quickly.
@jonnajarian - Jon Najarian
best 2025 Super Bowl ads. I'll start: https://t.co/a38BWkSesN
Video Transcript AI Summary
I've got WeatherTech. For whatever comes your way, there's WeatherTech. 312, bingo. Don't worry, girls.
Full Transcript
Speaker 0: 3 12. Bingo. Don't worry, girls. I've got WeatherTech. For whatever comes your way, there's WeatherTech.