When Peter and Eric open this week’s show by talking about balloons and popcorn, you might be imagining wide-eyed little children at the county fair, not a sneaky communist regime committing economic and military espionage on America. But that’s what popcorn and balloons mean here at The Drill Down with Peter Schweizer.

Of course, the big story of the past week was Communist Chinese government’s spy balloon that floated across the US through Montana and 10 other states before being shot down by a missile fired by an F-22 fighter jet off the coast of Myrtle Beach, SC. Not since 1957, when the Soviet Union launched Sputnik, the first satellite shot into Earth’s orbit, has a foreign government’s flight activity so captured attention and rattled so many Americans.