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Glenn's Show Prep

Greece and European Union reach deal that will tick off everyone in Greece

July 13, 2015
Staff

WRITER

Remember how the Greek people held a referendum just a few days ago to overwhelmingly reject the austerity measures presented by the European Union? Well, the two sides finally came to a deal over the weekend to avoid financial collapse - but it’s way worse for the Greek people than they were expecting. Pat and Stu had the story and reaction on radio.

Listen to the story in the opening minutes of today's podcast:

Below is a rush transcript of this segment, it may contain errors

PAT: It's Pat and Stu in for Glenn on the Glenn Beck Program. 877-727-BECK. 877-727-BECK.

Imagine how pissed off you would be if you had a nationwide referendum. And you voted 61-38 against some sort of proposal, and everybody is celebrating and you think it's great, and a couple of days later, the opposite of what you voted for just happened after you promised that, no, no, I'm all about not doing this thing. If you tell me not to, we'll not do this thing. And then the president of your nation does that thing.

STU: Can we throw in more details?

PAT: Go ahead.

STU: Number one, the president was arguing that they should vote down the deal.

PAT: Yeah.

STU: So he was on the side of no deal.

PAT: Right.

STU: Then the deal that they passed is not the deal that they rejected, but the deal that has actually gone through today is much, much worse than the deal that they just rejected. And the president was cheering on for them to reject a couple of days ago.

PAT: I mean, will this guy be the president of Greece tomorrow?

STU: Two months, tops.

PAT: It has to be soon, right?

STU: It has to go through their Congress. Then they can request new elections which is the weird thing that other countries do. Oh, it's time for new elections. Tomorrow! Run to the polls!

PAT: Yeah, the parliamentary system is weird.

STU: It's weird. I don't like it at all. Ours is better. Look, we're about to have a 17-person field where we'll have debates.

PAT: It's still better.

STU: Look, tomorrow, let's do new elections. I like that part of it here much better than there. Still, if you're going to have a referendum, one of these things that the president was secretly hoping that they would take the deal so he wouldn't have to do it himself. This is the last-ditch effort. If you're going to encourage people to reject the deal, they come out and reject it, then you'll face the negotiators within a week and then say, okay, we'll take terms that are far worse.

PAT: Yeah. Did you not understand what the European Union was telling you to begin with? Did you not get that the IMF was serious? Did you not understand that all your creditors wanted payment and they happened it now? And so if you can't give us that payment, then we'll have to have other measures to show us that you're serious about paying back this debt?

JEFFY: But my people said no.

PAT: Yeah. Well -- and not only that, he encouraged his people to say no.

STU: That's the weird part of it. If he was on the side of saying, we must take this deal. It's the only thing we can get --

PAT: That's one thing.

STU: They rejected it and make it worse. He would come back to the people and say, look, I told you we need to take that deal.

PAT: Right. That's not the way it went down.

STU: But he encouraged them to say no to it. So now they have -- parts of this deal is unbelievable, in which, again, with, they have to take it, right? I guess. They got themselves in this situation. I do not feel bad for Greece at all. This is a government problem. A problem of a corrupt government over a long period of time. A problem that is our problem, if we continue to do what we're doing. Thinking about things like giant union giveaways. Ridiculous pensions. Retiring at 52 years old. Creating 13 and 14th months to pay their friends more through the government. I mean, ridiculous corruption over a long period of time. I do not feel bad for them in the slightest. But part of this deal is that they have to take $50 billion of their stuff, their assets and put it in a fund for the rest of Europe to sell. They just get to take $50 billion of their stuff throw it in a fund and Germany auctions it off on e Bay. That's part of this deal.

PAT: That's amazing.

STU: Wow.

PAT: Yeah. On the streets, many ordinary Greeks were dumbfounded over the spectacular U-turn.

Well, yeah. It was the big vote, you know, that was proclaimed worldwide. Everyone knew the Greeks rejected this. All right. Now you'll get what's coming to you.

And instead of that, apparently Cypress (phonetic) had some sort of revelation in the meantime and thought, oh, my gosh, yeah, we -- wait. That was the wrong vote. So now we'll have to take what we can get, because otherwise our economy crumbles and people will be starving.

JEFFY: He played chicken and lost, right?

PAT: Yeah. It kind of seems that way. So, anyway, they will now have to accept the package that's much harsher than the one rejected to the tune of about 4 billion euros. So that's 6 billion dollars-ish.

STU: Five.

PAT: Or 5 billion. Yeah, it's a little lower than it was. And according to one 20-year-old, he said, I voted no. And, of course, this new proposal doesn't correspond to that no. Vasilis Seeka (phonetic), who is 20 and unemployed said, I feel like a slave. They do what they want, and we can't participate.

That's how you would feel after that vote, right?

STU: And also, just for media purposes, after you put a name and then 20 years old, you don't need to put unemployed in Greece. That's just assumed. We can just assume he's unemployed if he's 20 in Greece.

PAT: Is it 54 percent unemployment in Greece?

STU: It's over 50.

PAT: Yeah, it's massive unemployment for, you know, like 16 to 24-year-olds. Massive. Like hardly anybody has a job who wants one in that age range. I mean, it's pretty tough country-wide, but at least for the 50 and 55-year-olds, they have pensions that they can't get.

STU: Which is great.

PAT: Which is great. You know, when you're expecting that pension, at least you know that you can keep expecting it. It's never going to come, but you can keep expecting that all you want.

STU: That's always nice. At least you have that going on for you, which is nice.

PAT: Has the bank reopened today?

STU: Supposedly that will happen.

PAT: I would think so.

STU: Look, the euro, some of this talk is boring as anything. And I understand that. The interest, of course, here is, what does it mean here for us? And I think, A, you have the situation where when you build the European Union, you don't let countries out of it. Basically under any circumstances. Because you didn't build this thing to make trade easier. You didn't build this thing to compete with the United States. Although, that's all part of it. You built this thing for power. You built this thing to be able to dictate terms to countries that before you could not dictate terms to. So they're not going to let this thing fall apart. And that's the reason for my believing that they'll come up with a deal eventually. Which now they have. Which is at least patchwork as far as this negative effect goes for us. At least the assumption is, we have a couple of years at least before this thing rears its ugly head again. And, you know, the problems start popping up. Though, any of these countries, this could happen to at any time. Italy is in the situation. Spain is in the situation. Portugal is in the situation. They all have these massive problems. And if one of them does go sour, then it really could affect the markets. It could affect our lives in a real way. The thought is that this pushes it down the road yet again a little way.

PAT: And I guess we'll all take it. Isn't that what we're all hoping for? Just push it down the road a little bit? That's what we hope for in this country. That's what we continually get with the printing of a billion dollars a month. A trillion dollars a year.

We're just pushing things down the road. Yeah, just keep bringing the money. Then we'll keep the interest rate low, and then we'll just worry about it later on and hope that something good happens. You know, maybe we -- the mall of the USA and we start selling goods to the world and then we pay for the debt that way. Except for the fact that we don't make anything anymore, so there wouldn't be anything to put in the mall. So I don't know how you work your way out of the problem. I mean, we're in a serious situation as well. Not quite to the extent of Greece. Because our debt ratio to GDP is only around 90 percent. Right?

Ninety, 95 percent. There's is at 175 percent to 200. We had the figures last week or the week before. And it seems like it was 175 or 200 percent over GDP. That's not a good ratio.

STU: You know, we're on the same road.

PAT: We are.

STU: We can see the tail lights of Greece. It's a little bit in the distance, you know, but you could see it. And that's what's scary. There's a fundamental thing in this country I think that holds us back.

We were a country built on capitalism. We're a country built on a free market. On personal responsibility and all the things we talk about. And we constantly are upset at the idea that those things are going away. But in Greece, they never were. In countries like Greece and others, they never had those principles. There's not that fight. I think we talked about that book. Michael Louis' (phonetic) Boomerang. And in the book, he talks about the financial crisis. And just the experience of each individual country. It goes through Iceland, Greece, Ireland. All these different countries that had major collapses through the 2008 thing. They're fascinating stories and they all kind of happen for different reasons. But in one of the chapters, I can't remember which one it is, it talks about how the country doesn't have a Glenn Beck. They don't have a voice of opposition fighting to make sure these things don't happen. These countries don't have -- and we're obviously on the Glenn Beck Program here. But that's the one he specifically mentions by name. And Michael Louis is not a conservative author necessarily, if you know who he is, by any means. He's just a high-profile guy. He's written all sorts of big financial books. He wrote The Blindside, as well, if you know that movie. He's a great, great writer. One of my favorite writers.

But when he talks about that, it's a situation we take for granted here. There's always people, oh, my gosh, we have to stick to these principles. These principles are important. Other countries don't have that. They have, our culture is important. Or they have certain things that they fight for. But they don't fight for those sorts of principles. And even though we've gone down this road so far with terrible presidential choices, terrible senators, and terrible things we've done, we still have those principles that draw us a little bit back towards some sort of sanity and keeps us a little ahead of the rest of the world. That's not a lot to say for a country anymore. I'm not proud to say that's what we have. But at least it's something

PAT: The other thing that I think is going sort of unnoticed here is that Greece, you know, one of the cradles of democracy is still practicing direct democracy. And they just did with this referendum. And this is what democracy looks like. Okay. The people voted. And their leader just said, nah. That was cute. Nah. That's what democracy looks like especially when you have a country like Greece that's somewhat socialist. And then they mix in a little democracy. I mean, democracy has really become code word for socialism.

STU: Yeah, democracy might work a little bit better if you have a country like we're talking about, that has some principles of individual responsibility.

PAT: That would be nice.

STU: When you have a socialist country with how much can I give people for free.

PAT: Doesn't work.

STU: You have democracy, wow. By the way, this deal has a bunch of this in there, which is huge tax increases for the country. It's not going to help their economy.

PAT: Oh, this one does too?

STU: Yeah. These people will get beat up from this thing.

PAT: Wow, it just keeps getting better. 877-727-BECK. More of the Glenn Beck Program with Pat and Stu next.

Featured Image:ATHENS, GREECE - JULY 13: A man sits alone with his thoughts as protesters gather outside the Greek parliament to demonstrate against austerity after an agreement for a third bailout with eurozone leaders on July 13, 2015 in Athens, Greece. The bailout is conditional on Greece passing agreed reforms in parliament by Wednesday which includes streamlining pensions and rasing more raise tax revenue. (Photo by Christopher Furlong/Getty Images)

WWIII: The new face of war

Oleg Nikishin / Stringer | Getty Images

Has World War III begun?

Over the weekend, Iran launched an unprecedented attack against Israel involving over 300 missiles and drones. This marked the first direct attack on Israel originating from Iranian territory. Fortunately, according to an Israel Defense Forces spokesperson Rear Admiral Daniel Hagari, 99 percent of missiles and drones were successfully neutralized by Israeli defense systems. Iran claimed that the operation against Israel had concluded and that no further offensive was planned, although the possibility of another attack is still present.

This has left many people, including Glenn, wondering the same thing: did we just witness the start of World War III?

Glenn recently had a World War II Air Force Veteran as a guest on his TV special, who told stories of the horrors he and his brothers-in-arms faced in the skies over war-torn Europe. This was a timely reminder of the terrors of war and a warning that our future, if it leads to another world war, is a dark one.

But, if Glenn's coverage of the Iranian attack revealed one thing, it's that World War III will look nothing like the world wars of the twentieth century. Long gone are the days of John "Lucky" Luckadoo and his "Bloody Hundredth" bravely flying their B-17s into battle. Over the weekend, we saw hundreds of autonomous drones and missiles clashing with extreme speed and precision over several different fronts (including space) simultaneously. This ain't your grandfather's war.

From EMP strikes to cyber attacks, here are FIVE ways the face of war has changed:

EMP attacks

New York Daily News Archive / Contributor | Getty Images

The entire modern world, on every level, is completely dependent on electricity. From your home refrigerator to international trade, the world would come to a grinding halt without power. And as Glenn has pointed out, it wouldn't even be that hard to pull off. All it would take is 3 strategically placed, high-altitude nuclear detonations and the entire continental U.S. would be without power for months if not years. This would cause mass panic across the country, which would be devastating enough on its own, but the chaos could be a perfect opportunity for a U.S. land invasion.

Nuclear strikes

Galerie Bilderwelt / Contributor | Getty Images

Nuclear war is nothing new. Many of us grew up during the Cold War, built fallout shelters, and learned to duck and cover. But times have changed. The Berlin Wall fell and so did the preparedness of the average American to weather a nuclear attack. As technology has advanced, more of our adversaries than ever have U.S. cities within their crosshairs, and as Glenn has pointed out, these adversaries are not exactly shy about that fact. Unfortunately, the possibility of an atomic apocalypse is as real as ever.

Immigration warfare

Nick Ut / Contributor | Getty Images

The strategy of strangling an opposing nation's economy to gain the upper hand is a wartime tactic as old as time. That's why the Border Crisis is so alarming. What better way to damage an opponent's economy than by overburdening it with millions of undocumented immigrants? As Glenn has covered, these immigrants are not making the trek unaided. There is a wide selection of organizations that facilitate this growing disaster. These organizations are receiving backing from around the globe, such as the WEF, the UN, and U.S. Democrats! Americans are already feeling the effects of the border crisis. Imagine how this tactic could be exploited in war.

Cyber shutdowns

Bill Hinton / Contributor | Getty Images

Cyber attacks will be a major tactic in future wars. We've already experienced relatively minor cyber strikes from Russia, China, and North Korea, and it is a very real possibility that one of our adversaries inflicts a larger attack with devastating consequences on the United States. In fact, the WEF has already predicted a "catastrophic" cyber attack is imminent, and Glenn suggests that it is time to start preparing ourselves. A cyber attack could be every bit as devastating as an EMP, and in a world run by computers, nothing is safe.

Biological assault

WPA Pool / Pool | Getty Images

Don't trust the "experts." That was the takeaway many of us had from the pandemic, but something less talked about is the revelation that China has manufactured viruses that are capable of spreading across the globe. We now know that the lab leak hypothesis is true and that the Wuhan lab manufactured the virus that infected the entire world. That was only ONE virus from ONE lab. Imagine what else the enemies of America might be cooking up.

The government is WAGING WAR against these 3 basic needs

NICHOLAS KAMM / Contributor | Getty Images

The government has launched a full-on assault against our basic needs, and people are starting to take notice.

As long-time followers of Glenn are probably aware, our right to food, water, and power is under siege. The government no longer cares about our general welfare. Instead, our money lines the pockets of our politicians, funds overseas wars, or goes towards some woke-ESG-climate-Great Reset bullcrap. And when they do care, it's not in a way that benefits the American people.

From cracking down on meat production to blocking affordable power, this is how the government is attacking your basic needs:

Food

Fiona Goodall / Stringer | Getty Images

Glenn had Rep. Thomas Massie on his show where he sounded the alarm about the attack on our food. The government has been waging war against our food since the thirties when Congress passed the Agricultural Adjustment Act of 1938. They started by setting strict limits on how many crops a farmer could grow in a season and punishing anyone who grew more—even if it was intended for personal use, not for sale on the market. This sort of autocratic behavior has continued into the modern day and has only gotten more draconian. Today, not only are you forced to buy meat that a USDA-approved facility has processed, but the elites want meat in general off the menu. Cow farts are too dangerous to the environment, so the WEF wants you to eat climate-friendly alternatives—like bugs.

Water

ALESSANDRO RAMPAZZO / Contributor | Getty Images

As Glenn discussed during a recent Glenn TV special, the government has been encroaching on our water for years. It all started when Congress passed the Clean Water Act in 1972, which gave the government the ability to regulate large bodies of water. As the name suggests, the act was primarily intended to keep large waterways clear of pollution, but over time it has allowed the feds to assume more and more control over the country's water supply. Most recently, the Biden administration attempted to expand the reach of the Clean Water Act to include even more water and was only stopped by the Supreme Court.

Electricity

David McNew / Staff | Getty Images

Dependable, affordable electricity has been a staple of American life for decades, but that might all be coming to an end. Glenn has discussed recent actions taken by Biden, like orders to halt new oil and gas production and efforts to switch to less efficient sources of power, like wind or solar, the price of electricity is only going to go up. This, alongside his efforts to limit air conditioning and ban gas stoves, it almost seems Biden is attempting to send us back to the Stone Age.

4 signs that PROVE Americans are hitting rock bottom

Spencer Platt / Staff | Getty Images

As we approach the presidential election in November, many Americans are facing dire economic straits.

Glenn has shown time and time again that Bidenomics is a sham, and more Americans than ever are suffering as a result. Still, Biden and his cronies continue to insist that the economy is booming despite the mounting evidence to the contrary. But who is Biden fooling? Since the beginning of the year, gas has gone up an average of 40 cents a gallon nationwide, with some states seeing as much as a 60-cent per gallon increase. And that's just the tip of the iceberg. Foreclosures and bankruptcies are on the rise, evictions are surging, and America is experiencing a record amount of homelessness. We can't survive another Biden term.

Americans across the country are hitting rock bottom, and here are four stats that PROVE it:

Evictions

John Moore / Staff | Getty Images

Across the country, people are being evicted from their homes and apartments. Between 2021 and 2023, evictions increased by 78.6 percent. With inflation driving up prices and employers struggling to raise wages to compensate, rent is taking up an increasingly larger percentage of people's paychecks. Many Americans are having to choose between buying groceries and paying rent.

Foreclosures

Justin Sullivan / Staff | Getty Images

Renters aren't the only ones struggling to make their monthly payments, foreclosures are on the rise. This February saw a 5 percent increase in foreclosures from last year and a 10 percent increase from January. More and more Americans are losing their homes and businesses.

Bankruptcies

Chris Hondros / Staff | Getty Images

High interest rates and inflation have driven bankruptcies through the roof. Total filings have risen 13 percent and business bankruptcies rose 30 percent in 2023. It's getting harder and harder for businesses to stay afloat, and with California's new law requiring most restaurants to pay all employees a minimum of $20 an hour, you can expect that number to keep climbing.

Homelessness

FREDERIC J. BROWN / Contributor | Getty Images

The result of all of these issues is that it is getting harder and harder for Americans to afford the basic necessities. January of 2023 saw a record-breaking 650,000+ homeless Americans, a 12 percent jump from the previous year. More Americans have hit rock bottom than ever before.

Stop blaming Gen Z for the problems WE created

Editor's note: This article was originally published on TheBlaze.com.

I want to talk to Generation Z. I’ve seen some clips of you complaining about your 9-to-5 jobs on social media and how life is really hard right now. To be honest, my first reaction was, “Suck it up, buttercup. This is what life is really like.” In a sense, that’s true. But in another sense, I think you’re getting a bad rap. You are facing unique problems that my generation didn’t face — problems that my generation had a hand in creating.

But I also think you don’t understand the cause of these problems.

I would hate to be in your position. When I was your age, we didn’t have to deal with any of the challenges you’re facing. In one sense, your life has been tough. At the same time, compared to previous generations, your life has been very easy. Everybody was rushing to save you, to protect you. You were coddled, which makes your life harder now.

You’ve grown up with social media and the definition of narcissism: somebody gazing into the pond looking at themselves all the time. I don't mean this as an offense, and I am not just including you in this. We’ve become a culture of narcissists. It’s all about “me, me, me, me.”

If you end up thinking more collectivism is the solution, then you haven't done enough homework.

You’ve been in territory that my generation never had to enter. You’ve already navigated a landscape that we didn't have to, where nothing is true, and you can’t trust anybody. I wouldn’t trust anybody either if I were in your position. But I do know a few things to be true and a couple of things I can trust.

First, life is worth it. Life is tough, but it is worth it in the end.

Second, life is not about stuff. As a guy who is kind of a pack rat, I can tell you that none of that stuff will create happiness in your life. In fact, I think your generation has a better handle on happiness in some ways than anybody in mine. You’re starting to realize that pharmaceuticals may not be as good as natural solutions in a lot of situations, that the huge house may not be as satisfying as just having a smaller house, that living your life instead of having to work all the time may be a better way to live.

I want to talk to those of you who feel like it’s not worth even trying to go to work because you’ll never get anywhere. You work 40 hours a week or more, and you still can't afford a place to live. You’re still living with your parents. You can’t afford food. I think you're right to feel frustrated because the problems you're facing weren't always the case.

I blame a lot of the current problems we’re facing today on the hippies. That may be wrong, but I hate hippies. Hippies have been screwing things up since the 1960s. While on their socialist march, they have become everything that they said they were against: lying, greedy politicians. They just won’t let go of their power even though their time has passed.

These are the people who have come up with policies that make you feel like this is the way the world is. I hope I can convince you that it doesn’t have to be this way. This isn’t the way our country has always been. We don’t have to keep these people in power. Actions have consequences. Votes have consequences. These people allow crime, looters, squatters, riots, and somebody needs to pay for that.

You say you can’t afford health care. I understand. Since Obamacare passed, the cost of individual health insurance has doubled. You need to remember that politicians promised that if we passed this massive health care overhaul, it would mean a savings of $2,500 per family. You're in school. You must know that $2,500 savings is not the same as an 80% increase. Moreover, the cost of hospital stays is up 210%. I understand when you say you can't afford health care at these costs. Who could afford health care? Who could afford insurance?

The generation coming of age is right to feel frustrated.This mess — with high costs and a massive debt burden — was not of their making.

Iwant to talk to Generation Z. I’ve seen some clips of you complaining about your 9-to-5 jobs on social media and how life is really hard right now. To be honest, my first reaction was, “Suck it up, buttercup. This is what life is really like.” In a sense, that’s true. But in another sense, I think you’re getting a bad rap. You are facing unique problems that my generation didn’t face — problems that my generation had a hand in creating.

But I also think you don’t understand the cause of these problems.

If you end up thinking more collectivism is the solution, then you haven't done enough homework.

I would hate to be in your position. When I was your age, we didn’t have to deal with any of the challenges you’re facing. In one sense, your life has been tough. At the same time, compared to previous generations, your life has been very easy. Everybody was rushing to save you, to protect you. You were coddled, which makes your life harder now.

You’ve grown up with social media and the definition of narcissism: somebody gazing into the pond looking at themselves all the time. I don't mean this as an offense, and I am not just including you in this. We’ve become a culture of narcissists. It’s all about “me, me, me, me.”

You’ve been in territory that my generation never had to enter. You’ve already navigated a landscape that we didn't have to, where nothing is true, and you can’t trust anybody. I wouldn’t trust anybody either if I were in your position. But I do know a few things to be true and a couple of things I can trust.

First, life is worth it. ≈

Second, life is not about stuff. As a guy who is kind of a pack rat, I can tell you that none of that stuff will create happiness in your life. In fact, I think your generation has a better handle on happiness in some ways than anybody in mine. You’re starting to realize that pharmaceuticals may not be as good as natural solutions in a lot of situations, that the huge house may not be as satisfying as just having a smaller house, that living your life instead of having to work all the time may be a better way to live.

I want to talk to those of you who feel like it’s not worth even trying to go to work because you’ll never get anywhere. You work 40 hours a week or more, and you still can't afford a place to live. You’re still living with your parents. You can’t afford food. I think you're right to feel frustrated because the problems you're facing weren't always the case.

I blame a lot of the current problems we’re facing today on the hippies. That may be wrong, but I hate hippies. Hippies have been screwing things up since the 1960s. While on their socialist march, they have become everything that they said they were against: lying, greedy politicians. ≈

These are the people who have come up with policies that make you feel like this is the way the world is. I hope I can convince you that it doesn’t have to be this way. This isn’t the way our country has always been. We don’t have to keep these people in power. Actions have consequences. Votes have consequences. These people allow crime, looters, squatters, riots, and somebody needs to pay for that.

If you end up thinking more collectivism is the solution, then you haven't done enough homework.

You say you can’t afford health care. I understand. Since Obamacare passed, the cost of individual health insurance has doubled. You need to remember that politicians promised that if we passed this massive health care overhaul, it would mean a savings of $2,500 per family. You're in school. You must know that $2,500 savings is not the same as an 80% increase. Moreover, the cost of hospital stays is up 210%. I understand when you say you can't afford health care at these costs. Who could afford health care? Who could afford insurance?

You are also starting your life with thousands of dollars in debt. Your parents didn't have that burden. People used to be able to work their way through college and graduate debt-free. Others were able to get jobs that quickly paid off their debt. You can't do that now. Once the government said that they were going to guarantee all student loans, university costs skyrocketed, and it hasn't stopped. You can thank the progressive President Lyndon B. Johnson for that.

The people who created this mess cannot fix it. But it can be fixed.

You are also starting your life with thousands of dollars in debt. Your parents didn't have that burden. People used to be able to work their way through college and graduate debt-free. Others were able to get jobs that quickly paid off their debt. You can't do that now. Once the government said that they were going to guarantee all student loans, university costs skyrocketed, and it hasn't stopped. You can thank the progressive President Lyndon B. Johnson for that.

Once the government said that they were going to guarantee everybody’s college tuition, universities found out that they could just charge more because the government would give you virtually any amount in your loan. And they have been charging more and more ever since. In 1965, the average college tuition was $450 a year. Adjusted to inflation, that's $4,000 a year. You're currently paying an average of $26,000 a year as opposed to the inflation-adjusted $4,000.

What happened? The answer is always the same: government regulations. Gas is up. Why? Government regulations. Can't afford a house? Well, that's due to several things. Many of them revolve around the fed and our national debt. But the simple answer is the same: government regulations.

Moreover, the U.S. government has run a staggering national debt. We have been concerned about it forever, but the people in power haven't been listening to your mom and dad and people like me. A lot of other people just thought, "Oh, well. We could get away with it. We're the United States of America, after all. Somehow or another, it will all work out."

People like me have been saying, "No. We can't pass this on to our children." You're now seeing what we have passed on. When you say that the adults are responsible for creating this world of problems, in some ways, you’re right. We were lied to, and as many people do, they want to believe the lie because it makes them feel better.

There are big lies being pushed in your generation as well. You're being told that a man is a woman and a woman is a man. At the same time, you’re being told that gender doesn't even exist at all. It makes us feel better to go along with the lie because we don't want to hurt anyone's feelings.

My generation believed the same kind of lie about our national debt. We were told that we could spend all this money on subsidized programs because it would provide you, our children, with a better life. Some people warned, "Wait, how will they pay this off? This will cost them." We didn't want to believe them. The lie sounded better, and it was easier to believe that than the truth. We never saw the consequences, and even if we did, they were always way out in the future. Nobody wanted to listen to the doomsday people saying, "No. It's going to come faster than you think."

And that time is right now. Our government now is printing $1 trillion every 100 days. That's never been done before. We have more debt than any country has ever had in the history of the world. But we’re not alone. Every country is doing this. They’re going into debt like we’ve never seen before, and we’re all about to pay for that. It’s going to make your life even harder.

There are Democrats and Republicans who still believe in spending all kinds of money and getting us involved in every global conflict. Then there are constitutional conservatives who believe that we should conserve the things that have worked and throw out the things that don’t and follow our Constitution and Bill of Rights. You haven't really learned about those most likely. But you should. All of our problems are caused by the government and the people who feel they can bypass the Constitution. That's what this election is really all about.

You might say, “I don’t really care. I don’t like either of the political parties.” I know a lot of people who don’t like either of them, but one is going to try to cut the size of this government and one is going to spend us into collapse.

The people who created this mess cannot fix it. But it can be fixed. You need to learn enough about the truth, about why this has happened to us, and about how our Constitution lasted longer than any other Constitution in the world. The average is 17 years. This thing has lasted hundreds of years. Why? How? And why is it falling apart today? That's what you should dedicate some of your time to figuring out today.

You can complain about the way things are. I complain. Everybody complains. But don't wallow there. Learn what caused this. And if you end up thinking more collectivism is the solution, then you haven't done enough homework. They always end the same way, and that's exactly where we're headed right now. We can either repeat the dreadful past of nations that have tried it before us, or we can choose freedom, liberty, and prosperity. The ball is in our court.