Glenn Beck: Monopoly money?

Capitalism in the hot seat

By Arthur B. Laffer, Stephen Moore, Peter Tanous

GLENN: By the way, Stephen Moore is here and he's got some more on the budget and I just -- you know, Stephen, I would like to run this by you. What do you say we just kill the rich people? Because if we kill the rich people, we will reduce the people who are the tired and the people who are looking for a job because we'll open up 2% of high-paying jobs in America.

MOORE: (Laughing). I don't say kill the rich. I say eat the rich, as P. J. O'Rourke would say. But you are right.

GLENN: Well, we could kill them and eat them.

MOORE: This class warfare really has gotten out of hand and, you know, there's so much wrong with this. And I was just listening to your monologue about this. But one of the things is let's just talk about where jobs come from. I mean, I know this is a mystery to people in Washington who think jobs come from government, but most people in real America know that jobs come from small businesses. And guess who falls in that $250,000 and up category, Glenn? It turns out according to the latest calculations about 68% of all those people are going to be paying those higher taxes. Those evil rich people, they're small business owners and operators who get up and entrepreneurs who started these businesses. So how are the --

GLENN: 68 -- wait, wait, wait.

MOORE: The other question they can never answer is how do you create the jobs if you are taxing the people who create the jobs?

GLENN: Wait a second. 68%.

MOORE: Yeah.

GLENN: Of those people who are small businesses are going to be affected by this.

MOORE: No, no, no, no, no. Let me be very precise about this. 68% of the people who make, who are in this income category that Obama wants to tax, 68% of those or two out of every three of these people are going to face these higher taxes. They are small business either owners, operators or investors. They are the people who provide the capital and the elbow grease that make small businesses possible.

GLENN: And if I'm not mistaken, out of all of the businesses -- I mean, we could talk about General Motors and everything else but out of all of the businesses in the country, 70% of all jobs are provided in this country by small business?

MOORE: Yeah, and small business is defined as a business that employs anywhere from 1 to 250 workers.

GLENN: Okay. I'm a small business because I have --

MOORE: Right, right.

GLENN: 20 full-time employees here in New York, I'm a small business owner.

MOORE: And you're also one of those evil rich people, too.

GLENN: Oh, I know, I know. And I've been so evil to my employees and I've done so -- seriously, Stu, do you have a gun? Oh, thank goodness we're in New York. You don't have a gun. Otherwise I would have said to you shoot me and kill me now.

MOORE: Well, we're going after you and we're going after Tiger Woods and we're going after Hannah Montana and all these people.

GLENN: So listen, Stephen, what else is in this budget yesterday that -- by the way, yesterday I found out while I was on the TV show that I -- because I said look at all of the earmarks in this budget from Joe Biden and Barack Obama. During that part of the TV show I hear in my ear, just got a note from the White House; Barack Obama's name, not the earmark but Barack Obama's name on that earmark is being expunged. It's amazing.

MOORE: Yeah, 9,000 earmarks in the spending bill that passed the house. I believe it was Tuesday or Wednesday, 9,000 of these things. And you mentioned I think one of them on your show that, yeah, now the government's going to pay you to take that tattoo you got off on your butt when you were in high school. That too removal, folks, is now a federal government program. There is my --

GLENN: Well, they will say that's such a distortion, Mr. Moore. What that is is that is -- we're trying to break up gangs when they get those gang tattoos.

MOORE: Okay.

GLENN: And so what we do is we take that gang tattoo, then they won't be part of gangs anymore: That will work.

MOORE: Why don't we turn to something more serious that you mentioned earlier and that is this cap and trade something. You know, think about this in the context of what's happening in Detroit with the Big Three auto companies. Think about this in terms of the steel industry, the chemistry. Any manufacturing in America. I mean, here we face a meltdown in manufacturing and it means a lot of these hardhat workers are losing their jobs. Terrible thing, right? The absolute worst thing you could possibly do for American manufacturing right now and any -- by the way, anybody listening to this show who works for a manufacturing firm, you ought to be out in the streets revolting against this cap and trade because what's going to happen, Glenn, is we're going to put essentially a 10 or 15% tax on our own manufacturers, the ones where they say made in the USA and so what's going to happen is all of these jobs and manufacturing plants are going to move out of the United States and they're going to go to China and they're going to go to India and they're going to go to Pakistan and we're not going to have any manufacturing left in this country.

GLENN: How do we do this.

MOORE: Sorry.

GLENN: How do we do this in a budget? How are we not even -- we're just putting this in a budget and all of a sudden we have cap and trade?

MOORE: It is economic Harry Carey. It really is. In fact, they have done this in Europe. In fact, they should look at what's happening in Europe because Europe's a little bit ahead of us in this stuff. They did cap and trade about five or six years ago. You've got steel workers that are protesting in the streets against cap and trade because they're, all the European steel workers are losing their jobs and where are those jobs going? Just as I said, they are going to other third world countries that don't have cap and trade which means you don't do anything to reduce global warming. All you do is shift the jobs from the USA to all these other countries.

GLENN: Okay, so Stephen Moore from the Wall Street Journal, author of End of Prosperity.

Tell me, let's switch gears for a second. The banks have not been nationalized. They didn't nationalize CitiBank today. They just bought 40% of it!

MOORE: Right.

GLENN: What is the difference, what is the difference besides the word game? All we're doing is what's the definition of "Is."

MOORE: Yeah.

GLENN: This is a nationalization of CitiBank, is it not?

MOORE: Yes, it is. You are exactly right, Glenn.

GLENN: Okay.

MOORE: Right now we've bought, I believe the federal government is about a 70 to 75% owner of CitiBank. So how is it not nationalized?

GLENN: What does this mean now to the average person? What is going to change? Where are we headed now, Stephen?

MOORE: Well, I mean, we are moving -- you know, I used to say we're creeping toward socialism. I think we're taking now big leaps towards it and it's not just --

GLENN: We're running.

MOORE: What?

GLENN: We're in a flat out Sprint, man. We are running.

MOORE: And I mean, you know, it's not just in banking. I mean, we've done this now -- I mean, we're basically the owners of major insurance companies, we're the owners of the Big Three auto companies, we're the owners of many of the manufacturing firms that have come down. I mean, the investment banks. We have got to stop. I mean, how many times do I have to keep saying this? We have to stop bailing people out because there aren't going to be any businesses left that are making money.

GLENN: Stephen, when we sat at that dinner two years ago.

MOORE: You were against me, Glenn, but you are using it against me, Glenn, but go ahead.

GLENN: No, I'm not using it against you. We looked at scenarios that were crazy, just crazy, and they've almost all been done now.

MOORE: Right.

GLENN: What is the --

MOORE: I don't even recognize our government anymore. I don't recognize what we've done. I was saying jokingly yesterday that, you know, I'm going to have to move to France to find free markets, you know.

GLENN: Yes, yes. Okay. So let me ask you this: We sat -- it was probably two years ago and we looked at crazy scenarios.

MOORE: Yeah.

GLENN: And couldn't happen, couldn't happen. What is the crazy scenario where we're going to say a year from now, can't, can't be, can't be? I say within two years that this economy is in such horrible shape, the world is on fire that we are actually tying within two years to a global government.

MOORE: Well, that's certainly the dream of the left is to have global government and then all this stuff like cap and trade is like that. I think my kind of doomsday scenario, I mean a year from now -- and by the way, when we talked a year and a half or two years ago, you know, I didn't believe any of this stuff was possible that we would -- I am just aghast at how much our country and our government has faltered in the last six months. So the doomsday scenario that I see and that we're getting even closer to every day is a rampant inflation. Not 1970s style inflation of, you know, 15% but we could see 25, 30, 50% inflation rates with all the money that's been created.

GLENN: Do you think that could be --

MOORE: And all that money is necessary to pay for all these government programs that we created.

GLENN: Do you think that could happen within a year?

MOORE: Well, no, I'm exaggerating a little bit but I can see 1970s still inflation by next 2010 and if we keep printing money -- I mean, look, inflation, there's too many dollars chasing too few goods. We could see, you know, 20% inflation. We could be like Argentina.

GLENN: So Stephen, there was a story today. I think it was on Bloomberg, and I didn't pull it off and I need to, but it was about the record treasuries that we are auctions off this week. We have never auctioned off seven-year treasuries like this, the record amount of debt we're telling off now. They're seven-year treasuries which means they have got to be sold again, right?

MOORE: Seven years from now they have got to be sold again.

GLENN: Seven years, yeah. Otherwise we're out of money. Did you read this article by any chance?

MOORE: I'm not familiar with it.

GLENN: You've got to read it. It was talking about these seven-year treasuries and they were quoting people in Asia, finance ministers and bankers and everything else and they said there is a real shot if America doesn't stop spending money, there is a real shot that they will default. We're not going to default because, nations don't default because you just print money.

MOORE: But that's the way governments default, Glenn, is they just print paper dollars, right.

GLENN: Yes. And that just -- then you're into hyperinflation.

MOORE: Yeah.

GLENN: But they're saying -- I mean, there were credible people saying in this there's a chance that America defaults on this and at some point -- these are Asians saying this. At some point we are not going to buy this debt. How are we going to pay for this in seven years, Stephen? There's no plan that would pay for all of this in seven years.

MOORE: Well, that's right. And by the way, I think the federal government should be, when they are doing all this borrowing, if they were smart, they would be laughing at these 30-year low interest rates because I guarantee you a couple of years from now we're not going to see those low interest rates.

GLENN: Nobody will -- nobody would buy them at 30. Nobody would buy 30 years of our debt.

MOORE: Well, you are probably right. You are probably right about that. But, you know, it gets to the point that the origin of this sin, which is there is this mentality in Washington the government can borrow all this money, we get trillion dollars, we can spend it, we create jobs, we stimulate the economy without any thought about where the money is going to come from.

GLENN: Okay, last --

MOORE: Of course, the money comes from borrowing it and hyperinflation, we pay a very high price on this.

GLENN: Last --

MOORE: We used to worry about what we're doing to our kids. Now we worry what we're doing to our grandkids and our great grandkids.

GLENN: Stephen, let me ask you this, last question: Now I just lost it. Shoot, I have less than a minute. So I'm going to go. I'm sorry. I just lost the -- I just lost the question. Darn it. Okay, Stephen, thank you very much.

MOORE: See you, Glenn, bye.

GLENN: Bye-bye.

STU: It's been a rough day.

GLENN: It has been a rough day. I got sidetracked on three different things.

STU: You are kidding. Your mind was thinking of three different things in the middle of an interview with someone who's speaking? You're kidding me. That just happened on the air?

GLENN: I'm so riddled with ADD, so riddled.

This week on the Glenn Beck Podcast, Glenn spoke with Vox co-founder Matthew Yglesias about his new book, "One Billion Americans: The Case for Thinking Bigger."

Matthew and Glenn agree that, while conservatives and liberals may disagree on a lot, we're not as far apart as some make it seem. If we truly want America to continue doing great things, we must spend less time fighting amongst ourselves.

Watch a clip from the full interview with Matthew Yglesias below:


Find the full podcast on Glenn's YouTube channel or on Blaze Media's podcast network.

Want to listen to more Glenn Beck podcasts?

Subscribe to Glenn Beck's channel on YouTube for FREE access to more of his masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, or subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

'A convenient boogeyman for misinformation artists': Why is the New York Times defending George Soros?

Image source: Simon Dawson/Bloomberg via Getty Images

On the "Glenn Beck Radio Program" Tuesday, Glenn discussed the details of a recent New York Times article that claims left-wing billionaire financier George Soros "has become a convenient boogeyman for misinformation artists who have falsely claimed that he funds spontaneous Black Lives Matter protests as well as antifa, the decentralized and largely online, far-left activist network that opposes President Trump."

The Times article followed last week's bizarre Fox News segment in which former House Speaker Newt Gingrich appeared to be censored for criticizing Soros (read more here). The article also labeled Glenn a "conspiracy theorist" for his tweet supporting Gingrich.

Watch the video clip below for details:


Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

The former ambassador to Russia under the Obama Administration, Michael McFaul, came up with "7 Pillars of Color Revolution," a list of seven steps needed to incite the type of revolution used to upend Eastern European countries like Ukraine and Georgia in the past two decades. On his TV special this week, Glenn Beck broke down the seven steps and showed how they're happening right now in America.

Here are McFaul's seven steps:

1. Semi-autocratic regime (not fully autocratic) – provides opportunity to call incumbent leader "fascist"

2. Appearance of unpopular president or incumbent leader

3. United and organized opposition – Antifa, BLM

4. Effective system to convince the public (well before the election) of voter fraud

5. Compliant media to push voter fraud narrative

6. Political opposition organization able to mobilize "thousands to millions in the streets"

7. Division among military and police


Glenn explained each "pillar," offering examples and evidence of how the Obama administration laid out the plan for an Eastern European style revolution in order to completely upend the American system.

Last month, McFaul made a obvious attempt to downplay his "color revolutions" plan with the following tweet:

Two weeks later, he appeared to celebrate step seven of his plan in this now-deleted tweet:



As Glenn explains in this clip, the Obama administration's "7 Pillars of Color Revolution" are all playing out – just weeks before President Donald Trump takes on Democratic candidate Joe Biden in the November election.

Watch the video clip below to hear more from Glenn:


Watch the full special "CIVIL WAR: The Way America Could End in 2020" here.

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Modern eugenics: Will Christians fight this deadly movement?

Photo by Olga Kononenko on Unsplash

Last month, without much fanfare, a new research paper disclosed that 94 percent of Belgian physicians support the killing of new-born babies after birth if they are diagnosed with a disability.

A shocking revelation indeed that did not receive the attention it demanded. Consider this along with parents who believe that if their unborn babies are pre-diagnosed with a disability, they would choose to abort their child. Upwards of 70 percent of mothers whose children are given a prenatal disability diagnosis, such as Down Syndrome, abort to avoid the possibility of being burdened with caring for a disabled child.

This disdain for the disabled hits close to home for me. In 1997, my family received a letter from Michael Schiavo, the husband of my sister, Terri Schiavo, informing us that he intended to petition a court to withdraw Terri's feeding tube.

For those who do not remember, in 1990, at the age of 26, Terri experienced a still-unexplained collapse while at home with Michael, who subsequently became her legal guardian. Terri required only love and care, food and water via feeding tube since she had difficulty swallowing as a result of her brain injury. Nonetheless, Michael's petition was successful, and Terri's life was intentionally ended in 2005 by depriving her of food and water, causing her to die from dehydration and starvation. It took almost two excruciating weeks.

Prior to my sister's predicament, the biases that existed towards persons with disabilities had been invisible to me. Since then, I have come to learn the dark history of deadly discrimination towards persons with disabilities.

Indeed, some 20 years prior to Germany's T4 eugenics movement, where upwards of 200,000 German citizens were targeted and killed because of their physical or mental disability, the United States was experiencing its own eugenics movement.

U.S. Supreme Court Justice Clarence Thomas documented some of this history in his concurring opinion in Box v. Planned Parenthood of Indiana and Kentucky, Inc., Justice Thomas describes how eugenics became part of the academic curriculum being taught in upwards of 400 American universities and colleges.

It was not solely race that was the target of the U.S. eugenics movement. Eugenicists also targeted the institutionalized due to incurable illness, the physically and cognitively disabled, the elderly, and those with medical dependency.

In 1973, the U.S. Supreme Court handed down Roe v. Wade, which wiped out pro-life laws in nearly every state and opened the floodgates to abortion throughout the entirety of pregnancy. Since then, 60 million children have been killed. Abortion as we know it today has become a vehicle for a modern-day eugenics program.

Since the Catholic Church was established, the Truth of Christ was the greatest shield against these types of attacks on the human person and the best weapon in the fight for equality and justice. Tragically, however, for several decades, the Church has been infiltrated by modernist clergy, creating disorder and confusion among the laity, perverting the teachings of the Church and pushing a reckless supposed “social justice" agenda.

My family witnessed this firsthand during Terri's case. Church teaching is clear: it is our moral obligation to provide care for the cognitively disabled like Terri. However, Bishop Robert Lynch, who was the bishop of the Diocese of St. Petersburg, Florida, during Terri's case, offered no support and was derelict in his duties during the fight for Terri's life.

Bishop Lynch had an obligation to use his position to protect Terri from the people trying to kill her and to uphold Church teaching. Indeed, it was not only the silence of Bishop Lynch but that of the United States Conference of Catholic Bishops (USCCB), which also remained silent despite my family's pleas for help, that contributed to Terri being needlessly starved and dehydrated to death.

My family's experience, sadly, has turned out to be more of the rule than the exception. Consider what happened to Michael Hickson. Hickson was a 36-year-old, brain-injured person admitted to a Texas hospital after contracting COVID-19. Incredibly—and against the wishes of Michael's wife—the hospital decided not to treat Michael because they arbitrarily decided that his “quality of life" was “unacceptably low" due to his pre-existing disability. Michael died within a week once the decision not to treat him was imposed upon him despite the efforts of his wife to obtain basic care for her husband.

During my sister's case and our advocacy work with patients and their families, it would have been helpful to have a unified voice coming from our clergy consistently supporting the lives of our medically vulnerable. We desperately need to see faithful Catholic pastoral witness that confounds the expectations of the elite by pointing to Jesus Christ and the moral law.

A Church that appears more concerned with baptizing the latest social and political movements is a Church that may appear to be “relevant," but one that may also find itself swallowed up by the preoccupations of our time.

As Catholics, we know all too well the reluctance of priests to preach on issues of abortion, euthanasia, assisted suicide, and other pro-life issues. We have heard that the Church cannot risk becoming too political.

At the same time, some within the Church are now openly supporting Black Lives Matter, an organization that openly declares itself hostile to the family, to moral norms as taught by the Church, and whose founders embrace the deadly ideology of Marxism.

For example, Bishop Mark J. Seitz of El Paso, Texas, knelt in prayer with a cardboard sign asserting his support for this ideology.

Recently, during an online liturgy of the mass, Fr. Kenneth Boller at The Church of St. Francis Xavier in New York, led the congregation with what appears to sound like questions affirming the BLM agenda. Moreover, while reading these questions, pictures of George Floyd, Breonna Taylor, and Ahmaud Arbery, assumed victims of racial injustice, were placed on the altar of St. Francis Xavier Church, a place typically reserved for Saints of the Catholic Church.

Contrast these two stories with what happened in the Diocese of Lafayette, Indiana, where Rev. Theodore Rothrock of St. Elizabeth Seton Church fell victim to the ire of Bishop Timothy Doherty. Fr. Rothrock used strong language in his weekly church bulletin criticizing the Black Lives Matter movement and its organizers. Consequently, Bishop Doherty suspended Fr. Rothrock from public ministry.

In 1972, Pope Pius VI said, “The smoke of Satan has entered the temple of God." It seems that too many of our clergy today are enjoying the smell.

I encourage all who are concerned about the human right to life and about Christ-centered reforms in our culture and our Church to raise your voices for pastoral leadership in every area of our shared lives as Christian people.

Bobby Schindler is a Senior Fellow with Americans United for Life, Associate Scholar at the Charlotte Lozier Institute, and President of the Terri Schiavo Life & Hope Network.