Glenn Beck (51:49)
Okay, so can I just. Let me pick it up from there, Stu. That it has a lot of bad in it, has a lot of good in it. Here's the. Here's the thing that I don't think you're getting from anybody, really. You're not getting a balanced. Look, I understand both sides. I really do. I understand the urgency from the White House, and I think Russ votes going to be on with us in about an hour or next or tomorrow. It depends on what his schedule is like today. They're trying to squeeze him in today, but, you know, I trust him. He knows what's going on. And I understand the White House's point of view. I really do. I understand that if this doesn't pass, that means the tax cuts probably are not going to be permanent. They won't get them through. Without the tax cuts, the entire thing falls apart. Without regulation reform, the entire plan for the economy falls apart, okay? And Trump knows that. The White House knows that. The Democrats know this. They have to have this pass because of the good stuff in it. Now, the bad stuff that's in it, the biggest probably bad stuff is the debt ceiling being raised by another $4 trillion. That's really bad. That's really, really bad. Because we're not going to be able to continue to fund our country. If we can't, if we keep raising the debt and we can't sell our treasury bonds, we can't sell our debt to anybody because nobody believes us anymore that we're serious about cutting spending, then the entire thing falls apart. So damned if you do, damned if you don't. That's where we're at, okay? If we don't pass it, then the President's economic plans fall apart. If we do pass it, we run a very high risk of the rest of the world saying, you guys aren't serious about your debt and we can't buy your treasuries anymore. And that changes, you know, that changes everything. That one is not the fault of this administration. That one is the fault of every single Democrat and Republican since, since when I was first born, they have been talking about this. They've been talking about the debt and the deficit and everything else. We've been talking about our spending problem forever. And at some point, I mean, even FDR said this, at some point, this won't work. You'll have to stop it. Um, I remember Ronald Reagan saying, at some point, we're not going to have any good options left. Well, we're there. There are no good options. Damned if you do, damned if you don't. Okay? This is what Ronald Reagan said was coming. We've known this forever as a nation. So I look at this and say, who do I bet on? Gosh, I mean, we're betting the future of our nation. We're betting the future of our children. We're betting the, you know, whether we're all slaves to debt or not. I don't hear a good solution on either side. I don't trust that the Republicans, I don't think they're serious about anything at all. There's a few people that are serious about the debt and really, I think, understand it. Rand Paul is one of. Mike Lee is another one. Chip Roy is one. But Chip is one that I think also really understands not just the dangers of the debt, but also the dangers to the economy. If we don't pass this bill, we've got to have the tax cuts. Have to. Or everything falls apart. So what do you do? Well, there is one thing here that really bothers me. I give the benefit of the doubt to Trump and the White House, and that scares me. It does not because I don't trust Donald Trump. I do trust Donald Trump, but the debt scares the hell out of me because it's real. And at some point, and I don't know if it's this $4 trillion debt ceiling raise or the next one, but at some point, the rest of the world's gonna walk away and go, so I give the benefit of the doubt. Pass the bill. Just pass the bill. Okay. That could end up being wrong. I'm not gonna tell you I'm right by any stretch of the imagination. I think this is something we all have to do our own homework and then prey on. I can't tell you what's right or what's wrong. Everybody, you know, you want somebody to do that, listen to Sean Hannity or somebody else, because I don't know. I don't know. Here's what I do know. Yesterday, Trump said the debt limit should be entirely scrapped. That is colossally a bad idea. A bad idea. And I can't give the President the benefit of the doubt on that one. No, if we scrap the debt ceiling and the debt limit, that means nobody ever has to pause. Now, he's right in this sense that everybody's using that debt ceiling as a weapon. So if you don't have to have the debt ceiling, then they can't say, you know what, we're going to default on our loans. If we don't spend all this money, we're never going to default. Okay, we're not going to default. We just going to have to live through austerity. We're just going to have to cut all of the programs and just pay the interest on our bills so we won't default. And if we do, we're even in more trouble than I thought. But if you take away the debt ceiling vote, then There is no restraint. And here's how the world will interpret this. There is one thing to say. I'm getting into a car and we're going to go down this canyon. And it's very, very curvy. You know, it's in one of those really dangerous canyons that just, you know, make. Make my butt clench. Every time you drive down these steep hills and canyons in, in the west where you're like, ah, we could drive over the edge and then we're dead. It's one thing to get into a car and say, yeah, the brakes are fine. I mean, it might be leaking a little bit, but the brakes are fine. And, and you get into the car and you're like, okay, I think we're okay. I think we're okay, and we have a chance of survival. And then another one, inviting people into the car and saying, no, you know, the brakes are fine. I mean, they're leaking a little bit, but the brakes are fine. Some people get in, some people don't. But if I got. Got you on the top of that canyon and I pulled up in my car and I'm like, hey, hop in. We're going to go down the canyon. By the way, I cut the brake lines, so there's really no chance of us stopping or even tapping on the brakes. Would you get into the car? That's what other countries and other, other sovereign funds and all of the big wealth management, that's the way they're going to look at us. If we have no debt ceiling, if we just like, yeah, we spend whatever we want, we don't have to talk about it anymore. You know, we, we just know that, you know, that's going to be okay. I'm not getting into that car. I'm not buying a single bond from you. You're completely irresponsible. And there's no tapping of the brake. There's no slowing the car down. It starts going down the hill, there's no slowing it down. It just crashes, period. That's what happens. Okay? We cannot scrap the debt limit. That will be the, that will be the death knell of America. It will be over. You will see the interest rates go through the roof because nobody's gonna, nobody's gonna want to buy our T bill. So we'll have to be able to offer them more money. Okay, we'll pay you 9%. Well, what is paying 9% interest? Just say 6%. 5%. What does it mean if we have to pay 5% interest on $40 trillion? Nothing good we won't be able to afford it. We will all be paying our taxes just to pay that debt. That's the bomb that's about to go off, okay? And that's why people who are, quote, fiscal hawks that I happen to agree with are saying we've got to cut more out of the budget. We have to. Because it might be this $4 trillion debt ceiling raise that kills us. The world is so close to just saying screw America. And they want to say screw America as soon as they're ready with their alternate version of whatever it is, Bitcoin, a CBDC for central banks, you know, bricks. Whatever it is, as soon as they're ready, they are going to cut us loose. So we're facing that. Let's just not hasten that. And here's why. The President is. The president has never in his whole life had a problem with debt. And in some ways, he's right. If you have debt and you're not really working hard, you're not doing the smart things, but you have all this potential and all this talent, but you're not doing anything. Debt's a problem because how are you going to pay for it? You know, when you're not making even the minimum debt payment, you're just adding more debt, you're in real trouble. However, you know, you're a deadbeat and you're like, you know what? I'm going to go to school, I'm going to become a doctor, I'm going to become a brain surgeon. And you have the ability to do that. You know, I'm going to be a brain surgeon and you know, some Nobel Prize winning scientist on energy because I'm going to invent a new kind of energy. You have no problem with the debt you have. You keep piling on debt, debt. Go ahead, take, you want to go to Harvard, good luck with that, but go to Harvard and pile that debt on because you will be able to pay that off with what you're going to make in the future. But right now, we're the deadbeats. We're not doing anything to make more money. And you know this in your own life, you have to be able to make more money. You have debt, you either have to refinance and if it's at a higher interest rate, that could be a problem. You have to pay it off or you just have to default and say, you know what, chapter 11, I am out. Well, we can't file chapter 11. We can't do that. We can't default. The world won't allow us to. So what do we do? We either cut our debt and our deficit and we get our spending way under control, or we get another job and we reinvent. That's why Donald Trump is letting these, these AI companies build their own nuclear power plants. We don't have the money to, to build them. They're going to have to build them. You want to build them, you build them. I'll clear the red tape, but I'm not paying for them. You build them because you're going to be using the energy for AI. So go ahead, you build the power plants. That's a way for us not to dig ourselves into a hole and allow us to be in a position to where we can reinvent the world and reinvent the way the world works and be first on the scene so we can pay this debt off because we now have another job. Does this make sense? But there's one problem with all of this, and that is we're spending so much money now. And what are we spending it on? I'll finish that here in just a second. First, let me tell you about our sponsor. Our sponsor this half hour is the International Fellowship of Christians and Jews. You know, what's going on right now in the world is just really terrifying. And if you've ever read the Old Testament, I mean really read it, you know the story that Israel is not about geography, it's about a covenant, it's about a struggle, it's about a people who have endured more than most of us could ever begin to understand. And right now, that struggle isn't just in the history books. It's real and it's happening again. There are rockets in the sky, families huddled in shelters. Wait until I tell you in a few minutes what's happening over in, in France and England. It's going to blow your mind when crisis hits. Whether it's a war or poverty or terror. The International Fellowship of Christians and Jews is already on the ground and they're getting aid to the elderly, the Holocaust survivors, the children who haven't seen a normal day in months. These are Christians standing with Israel, not just in prayer, but in action. And your gift of only $45 will support their life saving work by helping provide food, shelter, and so much more. Bible says I'm going to bless those who bless you. Supporting IFCJ is a spiritual stand. It's showing up for God's people when it counts. So please call 888-488-IFCJ. 888488 IFCJ. Or go online at IFCJ.org every dollar helps. Don't wait. Be the difference. Visit IFCJ.org or call 888-488-ICCJ 10 second station I.D. so the other problem that we have and why we can't cut, and this kills me to say this, one of the reasons why we can't cut so dramatically is because between federal, state and local, our GDP is 45% based on taxes on government, state, local and federal spending. That's half of our gdp. That's a crazy amount. That's a dangerous amount. So you start cutting all of these programs, you start cutting all of the, you know, super fast bullet train that we need in California. It's going to take us another 20 years. So give us some more money. You stop spending this money, that money dries up in our communities and people lose their jobs. So we have to be very careful on how we cut, how rapidly we cut. We don't want to cut too quickly until we replace it with growth. But how do you grow without cutting the budgets? I mean, we are in this really tough situation. That's why I say to you, I'm not going to tell you which way to go on it because I don't know. I don't know who do you trust? I don't know who has the right idea. I don't know. I think it's a combination of everybody. But I also know that there's nobody on the Democrat side. There's nobody on the Democrat side that's ready to go. You know what? I'm gonna do the responsible thing and I'm gonna cut. I'm gonna cut. They're not. So we're just negotiating with ourselves, as usual. And will the Republicans screw it up? Well, don't they always? This is Glenn Beck. Is that a little too pessimistic? 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