Trump has also echoed Bannon's rhetoric about borrowing extensively to make it happen. He said in that CNBC interview: “The interest rates are so low, I mean, the numbers are so low, that yes this is a time to borrow and borrow long-term. So that we have the money and rebuild our infrastructure.” And top Trump economic adviser Tom Barrack has suggested this borrowing could add $10 trillion to the current $19 trillion national debt.

As I've noted before, Trump is not a small-government Republican. He's shown a real willingness to spend heavily to Make America Great Again — deficits and national debt be damned.

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But Bannon's quote really drives that home. While Trump's policy proposals have been known to oscillate depending on the day and his audience, this appears to be part of Bannon's grand vision for a Trump presidency. Bannon will be driving the bus.

And not only does he talk about spending $1 trillion on infrastructure and borrowing extensively, he's also comparing what they're planning to do to the New Deal, which expanded the role of government in American life greatly. And he says “conservatives are going to go crazy.”

One of the more undersold questions of the new Trump presidency is precisely how much Ryan and other fiscal conservatives are going to go along with Trump's agenda if he does push for massive spending packages that aren't paid for — because the scope of what Trump's talking about, despite his protesting to the controversy, can't merely be offset by cutting “waste, fraud and abuse.” It will mean trillions in new debt.

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We pretty much know that Democrats are going to stand in the way of whatever Trump puts forward. But when it comes to things like massive infrastructure spending (that is nearly four times what Hillary Clinton was proposing, by the way), it's much easier to see Trump forging an alliance with them than getting fiscally conservative deficit hawks to come on board.