Economic Boom? Treasury Secretary Scott Bessent Joins the Progrum

7 snips

Jan 29, 2026

Guest

Ted Cruz

Guest

Scott Bessent

Scott Bessent, Treasury Secretary focused on economic policy and the rollout of Trump Accounts, and Ted Cruz, Texas senator and conservative legal architect, join for a wide-ranging chat. They discuss Trump Accounts’ seed contributions and financial-literacy goals. Conversation also covers growth vs inflation, private-sector hiring, fraud risks in programs, and the origin story behind the Trump Accounts.

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INSIGHT

Trump Accounts Create Generational Owners

Trump accounts aim to seed every eligible child's financial future with $1,000 and invite private and state top-ups.
The program's core goal is to teach financial literacy and create a generation of market owners.

ADVICE

Contribute Early And Teach Compounding

Parents, relatives, and employers can contribute to Trump accounts and states may top them up.
Use these accounts to teach children compounding and long-term investing from an early age.

INSIGHT

Small Seed, Massive Long-Term Growth

A $1,000 seed compounded at 8% over 65 years can approach nine figures, showing long-term power.
Trump accounts can become retirement-sized nest eggs supplementing Social Security.

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🎙️ The fellas sit down with Treasury Secretary Scott Bessent for a wide-ranging conversation that hits policy, politics, and the pure theater of the moment. We talk through what Trump Accounts are built to do—seed money, compounding, and a real push toward financial literacy—plus how the private sector and states may stack on top of it. We also get into the broader economic pitch: growth, inflation, deficits, and why Bessent thinks the private sector is about to do the heavy lifting.

💰 Then we sprint to catch up with Senator Ted Cruz after President Trump riffs—very publicly—about Cruz as a possible Supreme Court pick. Cruz gives us a definitive answer, explains why he doesn’t want the robe, and lays out how he sees his role in the middle of policy fights instead. We also get the behind-the-scenes origin story of Trump Accounts—from a late-night Vegas poker table to drafting the provision that ends up in the bill.️

👑 After the interviews, we talk through what we heard, what it signals for the midterm conversation the fellas are building toward, and we get into listener comments on early Senate predictions. We close it out with our Thursday staple, King of the Hill, where Cheri Jacobus takes on champion Steve Schmidt.

00:00 — Treasury Secretary Scott Bessent

03:16 — What Trump Accounts are and why the media isn’t covering it

09:18 — Smug’s big announcement

10:34 — Markets, compounding, and why this is meant to change behavior

14:22 — Davos: what happened with Gavin Newsom

23:32 — Fraud, NGOs, and “benefits turned into business”

31:19 — What “too small to succeed” means

33:32 — Smug’s baby news

44:15 — Trump’s Cruz riff: Supreme Court chatter goes public

45:35 — Ted Cruz on possible SCOTUS nom

59:18 — King of the Hill

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