During a fiery segment on Wednesday, former White House Chief Strategist Steve Bannon condemned House Majority Leader Kevin McCarthy's debt ceiling deal, dubbing it a "dumpster fire" for America.

The debt ceiling deal, he argued, is a strategic ploy by the Biden administration to solidify its radical policies and limit the capacity for future conservative leadership to implement change.

"By January 2025, President Trump and his potential return is going to have a dumpster fire with very limited, limited ability to do much. Not going to have tax cuts, no possibility of tax cuts. You're going to have a very, very limited [capability]. And that's what they want. They want to lock in all of the radical Biden regime, which is Obama's third term," Bannon declared.

According to Bannon, the deal is about much more than just debt. "That's why right now, everything about yourself and self-reliance, you've got to hunker down on," he said. Bannon advocated for a renewed focus on financial independence as a countermeasure to the government's fiscal irresponsibility.