Glenn Beck: Even NYT sees trouble


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GLENN:

Did you see, have you read the article on the front page of the New York Times today? I know, Pat, you ‑‑ I know you love to read the New York Times.


 


PAT: Oh, I can't start my day without it, can't start the day.

GLENN: Can you start your day without the New York Times, Stu? I mean, who can, who could possibly get up and start without the New York Times?

STU: They are totally still printing it.

GLENN: Today. So here it is. Monday, November 23rd, 2009, here is the headline in the New York Times. Now, remember ‑‑ and I'd love ‑‑ Stu, because you've been with me for a long time. Dan, you can verify as well. How long have I been saying these specific things and ridiculed for them? Dateline, Washington, from today's front page, A‑1, New York Times. Dateline Washington: The United States government is financing its more than a trillion dollars a year borrowing with IOUs on terms that seem to be too good to be true. But that happy situation, aided by ultra low interest rates, might not last much longer. Treasury officials now face a Trifecta of headaches.

I mean, this could have been written by me.

A mountain of new debt, a balloon of short‑term borrowings that come due in the months ahead.

Do you remember I said look at the treasuries: Nobody's buying long‑term treasuries. Do you remember that? How do we refinance this debt? Short‑term borrowings that come due in the months ahead and interest rates that are sure to climb back to normal as soon as the Federal Reserve decides that the emergency has passed. Even as treasury officials are racing to lock in today's low rates by exchanging short‑term borrowings for long‑term bonds, the government faces a payment shock similar to those that sent legions of overstretched homeowners into default on their mortgages.

I said this on Thursday, those very words: We're creating the housing crisis on a massive governmental scale! With national debt now topping $12 trillion, the White House estimates that the government's tab for servicing the debt will exceed $700 billion a year in 2019, up from $202 billion this year. Even if the annual budget deficit shrinks drastically, it will still be $700 billion a year. Other forecasters say the figure could be much higher. In concrete terms, an additional $500 billion a year in interest would total more than the combined federal budgets this year, education, energy, Homeland Security, and both wars in Iraq and Afghanistan. That is interest only.

The surge in borrowing over the last year or two is widely judged to have been necessary response to the financial crisis and the deep recession, and there is still a raging debate over how aggressively to bring down deficits over the next few years, but there is little doubt that the United States' long term budget crisis is becoming too big to postpone. Americans now have to climb out of two deep holes: Debt‑loaded consumers whose personal wealth shrank, along with the housing and stock prices; and taxpayers whose government debt has doubled in the last two years alone, just as costs tied to benefits for retiring baby boomers are set to explode. The competing demands could deepen political battles over the size and role of government. The tradeoffs between taxes and spending. The choices between helping ‑‑ listen to this: The choices between helping older generations versus younger ones.

Let me read it to you again: The choices between helping older generations versus younger ones. And a bottom ‑‑ continue to Page A‑4. Hang on just a second. And bottom line questions about who should ultimately shoulder the burden. The government is on teaser rates, Robert Bixby, executive director for Concord Coalition, blah, blah‑blah. We're taking out a huge mortgage right now and we won't feel the pain until later. So far the demand for treasury securities from investors and other world governments remains strong enough to hold down the interest rates that the United States has to offer to sell them. Indeed the government paid less interest on its debt this year than 2008, although it added $2 trillion in debt. It goes on and on and on.

Let me give you some perspective. Do you remember, do you remember how much debate we had over the TARP bill, over the stimulus bill, how we screamed that this, we cannot afford this TARP bill. We creamed, we cannot afford the stimulus package. $700,000 ‑‑ $700 billion in stimulus money? For what? What is it going to create? And now we're saying all of that money lost, jobs created, 400 phantom districts! Give you perspective. This is one stimulus bill guaranteed to create zero jobs every single year. It is the interest payment only. That's TARP, or the stimulus bill. Some say could be the healthcare bill. "Only going to cost a trillion dollars." Every single year, for nothing.

Everything comes down to the two Senate runoffs in Georgia. If we lose both races, we lose the country. Democrats know this and are pouring in millions to usher in a Marxist agenda.

As the Left tries to hide how radical the two candidates really are, Glenn takes us inside the Democrat war room to expose the wolf in pastor's clothing, Raphael Warnock, and America's Justin Trudeau, Jon Ossoff. Socialism, the Green New Deal, and "defund the police" are all on the table. And Glenn warns of what's to come if conservatives don't activate: Chuck Schumer will weaponize the Senate, and the radical Left will launch an all-out assault to ravage the Constitution.

Watch the full special below:

The election and its aftermath are the most important stories in America. That's why we're offering our most timely discount ever: $30 off a one-year subscription to BlazeTV with code "GLENN." With BlazeTV, you get the unvarnished truth from the most pro-America network in the country, free from Big Tech and MSM censors.

Sen. Ted Cruz (R-Texas) joined the "Glenn Beck Radio Program" to explain how mail-in ballots are typically disqualified during recounts at a far higher rate than in-person, Election Day ballots, and why this is "good news" for President Donald Trump's legal battle over the election.

"One of the things that gives the greatest cause for optimism is, this election ... there's a pretty marked disparity in terms of how the votes were distributed. On Election Day, with in-person voting, Donald Trump won a significant majority of the votes cast on in-person voting on Election Day. Of mail-in voting, Joe Biden won a significant majority of the votes cast early on mail-in voting," Cruz explained.

"Now, here's the good news: If you look historically to recounts, if you look historically to election litigation, the votes cast in person on Election Day tend to stand. It's sort of hard to screw that up. Those votes are generally legal, and they're not set aside. Mail-in votes historically have a much higher rate of rejection … when they're examined, there are a whole series of legal requirements that vary state by state, but mail-in votes consistently have a higher rate of rejection, which suggests that as these votes begin being examined and subjected to scrutiny, that you're going to see Joe Biden's vote tallies go down. That's a good thing," he added. "The challenge is, for President Trump to prevail, he's got to run the table. He's got to win, not just in one state but in several states. That makes it a lot harder to prevail in the litigation. I hope that he does so, but it is a real challenge and we shouldn't try to convince ourselves otherwise."

Watch the video clip below to catch more of the conversation:

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Fox News senior meteorologist Janice Dean is perhaps even more disgusted with New York Gov. Andrew Cuomo (D) for his coronavirus response than BlazeTV's Stu Burguiere (read what Stu has to say on the subject here), and for a good reason.

She lost both of her in-laws to COVID-19 in New York's nursing homes after Gov. Cuomo's infamous nursing home mandate, which Cuomo has since had scrubbed from the state's website and blamed everyone from the New York Post to nursing care workers to (every leftist's favorite scapegoat) President Donald Trump.

Janice joined Glenn and Stu on the "Glenn Beck Radio Program" Tuesday to ask why mainstream media is not holding Gov. Cuomo — who recently published a book about his leadership during the COVID-19 pandemic — accountable?

"I'm vocal because I have not seen the mainstream media ask these questions or demand accountability of their leaders. [Cuomo] really has been ruling with an iron fist, and every time he does get asked a question, he blames everybody else except the person that signed that order," Janice said.

"In my mind, he's profiting off the over 30 thousand New Yorkers, including my in-laws, that died by publishing a book on 'leadership' of New York," she added. "His order has helped kill thousands of relatives of New York state. And this is not political, Glenn. This is not about Republican or Democrat. My in-laws were registered Democrats. This is not about politics. This is about accountability for something that went wrong, and it's because of your [Cuomo's] leadership that we're put into this situation."

Watch the video excerpt from the show below:

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As America grows divided and afraid to disagree with the Democrats' woke plan for America, Megyn Kelly is ready to fight back for the truth. For nearly two decades, she navigated the volatile and broken world of the media. But as America leans on independent voices more than ever, she's breaking new ground with "The Megyn Kelly Show."

She joined the latest Glenn Beck Podcast to break down what's coming next after the election: Black Lives Matter is mainstream, leftists are making lists of Trump supporters, and the Hunter Biden scandal is on the back burner.

Megyn and Glenn reminisce about their cable news days (including her infamous run-in with then-presidential candidate Donald Trump) and to look into the chaotic and shady world of journalism and the growing entitlement it's bred. For example, many conservatives have been shocked by how Fox News handled the election.

Megyn defended Fox News, saying she believes Fox News' mission "is a good one," but also didn't hold back on hosts like Neil Cavuto, who cut off a White House briefing to fact check it — something she never would have done, even while covering President Obama.

Megyn also shared this insightful takeaway from her time at NBC: "Jane Fonda was an ass."

Watch the full podcast here:

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