In this episode of ITR Live, Chris Hagenow and John Hendrickson take a wide-ranging look at Iowa and national politics — from upcoming state budget projections to the philosophical foundations of American government. The discussion opens with a lighthearted studio moment before moving quickly into updates on the 2026 Iowa governor’s race and key fundraising developments across Iowa’s congressional districts.

Chris and John highlight the uncertainty still surrounding the Republican primary for governor, with talk of a potential self-funded candidate preparing to enter the race. They also review the latest fundraising numbers, noting that strong totals reflect Iowa’s continuing momentum for conservative candidates who emphasize fiscal responsibility and government restraint.

The conversation shifts to the Revenue Estimating Conference (REC) and the economic outlook for Iowa. With some reports suggesting that Iowa is among the states flirting with recession, the hosts break down what to watch for in the next revenue projection. They also preview how those numbers could shape legislative priorities, including ongoing debates about tariffs, farm aid, and the national government shutdown’s ripple effects on Iowa’s economy.

The final half of the episode pivots from policy to philosophy. Chris and John dissect recent academic essays calling for the elimination of U.S. states and the creation of a “unitary” national government. They trace this argument back to the progressive movement of the early 20th century, exposing how the call for centralized power runs counter to the Constitution’s design of federalism and individual liberty. The hosts end with a strong defense of limited government, natural rights, and the Founders’ vision for enduring freedom.