In this episode of ITR Live, Chris Hagenow and John Hendrickson cover a wide range of topics—from local bond issues to national politics—all with one central theme: it’s always about spending.

They start with a tribute to Ed Feulner, the co-founder of the Heritage Foundation, reflecting on his impact on conservative policy and his role in shaping think tank culture.

Chris and John then shift to Iowa’s 2028 presidential caucus chatter, with big names like Glenn Youngkin, Sarah Huckabee Sanders, and Ted Cruz making early visits. They discuss why this cycle feels like it’s starting sooner, and explore the evolving divide in the conservative movement between populism and traditional conservatism. They also name JD Vance as the likely frontrunner for the 2028 nomination.

Back in Iowa, the hosts spotlight local government spending issues, including Marion’s $44 million aquatic center bond proposal and Dallas County’s new courthouse plan, which is back on the ballot at an even higher cost after voters rejected it last year. They note that this has become a pattern: when voters say no, local leaders often try again—just with a bigger price tag.

Finally, they wrap up with a reminder about Iowa’s state revenue trends, the importance of long-term spending restraint, and why tax cuts only work if government growth stays in check. Chris and John also highlight the need for constitutional protections, like Illinois’ flat tax safeguard, to keep future tax increases at bay.