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Doug Burgum

👤 Person
628 total appearances
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Appearances Over Time

Podcast Appearances

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

So just for good framing, during the campaign, I had a 3-3-3 plan.

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

Test.

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

There it is.

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

Perfect.

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

Okay, good.

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

So I had a plan that I called 3-3-3, and the idea was to get the budget deficit, which was running about 6.7% of GDP under the Biden administration, highest that we'd ever had when we

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

weren't at war or in a recession down to 3%, 3 plus percent economic growth on a persistent basis, and to create three million more barrels of energy equivalent, so oil and gas, before President Trump leaves office.

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

And look, we're full speed ahead.

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

We had the first, June was the first positive

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

june for the treasury since 2015 we actually had a surplus and we did that in a good way we took in more revenues some from tariffs and we brought down spending and when i think about

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

what we can do here that what I'm really excited about is the idea with AI that we can go back to the paradigm.

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

When I was younger in the 90s, Alan Greenspan

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

was able to run the economy very hot in the 90s.

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

And because it was the IT boom and we had this very powerful noninflationary growth.

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

And I think that it's highly likely we could have that now.

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

And so that kind of growth would bring down the deficit very quickly.

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

So it's a combination, and it's a barbells.

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

So I've been in Pittsburgh twice in the past four weeks

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

Four weeks ago, I went with President Trump when he announced the US Steel, Nippon Steel deal, substantial investment by Nippon Steel into an old, very important industry.

All-In with Chamath, Jason, Sacks & Friedberg
Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum

And then last week, on Tuesday, there was an AI summit

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