Glenn Beck: More Government Spending Is Not the Answer




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While most of us were arguing with relatives or loosening our belts this Thanksgiving weekend, there was a story that popped up that most of us didn't pay attention to.

It was a story about Dubai and a mini-panic happened while we were sitting at our Thanksgiving tables. They don't celebrate Thanksgiving in the rest of the world, so this became a big deal while we lapsed into our football comas. This is an important story and nobody is explaining why it matters to us.

Dubai is Vegas on steroids. There's a six-star hotel — I don't even know what that means, but it sounds awesome — where the cheapest room right now, costs almost $1,600 per night.

They built all those houses in the Gulf in the shape of the symbol of Dubai; they created man-made islands to do it. Imagine us making houses on islands we built, in the shape of the presidential seal out in the Gulf of Mexico!

The have indoor snow skiing in the sizzling heat of the Middle East.

These are the only people in the world who make us look Amish. When our banks were in trouble we went knocking on their door and now they are going belly up?

Uh-oh.

Aren't they from a well-off part of the world right now? And if they have run out of money on their lifestyle-modeled after us? How much more time do we have?

Let's look at Dubai and see what their problems are:

• They have massive debt

• They over-speculated, thinking the market would never turn sour

• They continued to spend after the world economy started changing

• They do nothing with their own domestic energy and now they want a bailout

By the way, everything I just listed is happening right now in California as well.

Here is where it affects you because, again, the world markets freaked out over Dubai World's problems and California is in the same situation.

Let's start here: Dubai World has a GDP of $75 billion a year; California's GDP is $1.8 trillion — the eighth largest in the world, ahead of major countries like Italy. What happens when the truth of what's going on in California becomes apparent to the rest of the country and the world?

When news of the credit risks in Dubai were announced the Dow Jones fell 154 points. Again, California is the eighth largest economy in the world with a GDP of $1.8 trillion.

California is now reportedly up to $130 billion in debt. They're handing out IOUs at tax time. They are proposing new 10 percent taxes, called "forced loans." The energy shuts off every other week. Fires rage because they refuse to clear the underbrush. And now they have just proposed another $11 trillion in debt through a bond issue even though California's state comptroller says they can't afford more debt.

Dubai should have put on brakes. California should put on brakes. All of America should put on brakes, but no one is.

Government spending, incredibly, is set to increase through 2011. Our deficit is $12.2 trillion today and by 2018 it's projected to be over $24 trillion — and that's if everything goes well.

Since I've brought this up and have dared talk about accountability, I'll of course be ridiculed by those in power and so will you, if you're concerned about these spending policies. But they have been saying that big government spending wasn't crazy for a long time.

Henry Morgenthau, who served as Roosevelt's treasury secretary during FDR's administration, said at the time: "We are spending more money than we have ever spent before and it does not work.... We have never made good on our promises.... I say after eight years of this administration we have just as much unemployment as when we started... and an enormous debt to boot."

It took a World War to get us out of that mess; let's not go down that path again.

At the peak of government spending during the worst financial crisis in our history — the Great Depression — we only spent 4.3 percent of GDP. This year, President Obama will spend 26 percent of GDP. This year will be the largest government expansion since the height of the Korean War.

But this is not solely an Obama problem; federal spending is up 57 percent since 2001. Obama is just putting his foot on the accelerator. And you have to ask: why? It hasn't worked in Dubai. It's not working in America or California. And it hasn't worked in Greece. It hasn't worked in Ireland. It didn't work in Iceland. It won't work here.

What they are not reporting in Greece or Ireland is the unrest and the amount of violence because the people's money has been squandered by out-of-control politicians. The people's future has been destroyed by greedy governments, in bed with big business.

The New York Times just reported that one out of every 8 adults and one out of every four children get at least some of their food from food stamps. That's more than 36 million people. That sounds like we are headed down the same road as Ireland, Greece and Iceland. When you combine no jobs with hunger and an unresponsive government, you have a recipe for potential disaster.

So how do you fix it?

History has proven over and over again — and so has the Post Office, for that matter — that government is not the answer. You need to unleash the people. The entrepreneurs. And if you are wondering how it is that the government can't see that — how they can be pondering even bigger stimulus packages as they stare the failure of the first one right in the face — I'll show you.

Here are the past presidents and the number of appointees in their Cabinets with private sector experience -- folks that have done more than write on the chalkboard; they've been out there, in the real world.

Let's compare President Nixon -- he's over 50 percent -- with President Obama: Under 10 percent of his appointees have any experience in the private sector.

The solutions will never come from government; government is the problem. Universities are not there to teach you what to think, but how to think — so that you, as the entrepreneur, will go into the real world and think outside the box.

The entire idea of this country is to build a better mousetrap. Someone is at home screaming in their underwear, "I have the answer!" OK, first, put your pants on because that's always a good safety tip before changing the world. Then, get up and do it.

The individual with the crazy idea has brought the world the light bulb and the elevator; we have fundamentally changed the world through the power of the individual. Government will never do it better — they are incapable.

We have always been the country of the underdog. But we have become the country cheering for the guys who have the giant Death Star, instead of rooting for the cute little Ewoks. We are for the little guy! At least we used to be and I believe, still are.

— Watch Glenn Beck weekdays at 5p & 2a ET on Fox News Channel

Former President Barack Obama sat down with CNN's Anderson Cooper recently for an interview scheduled to air in full on Friday. During the interview, Obama scoffed at the idea that critical race theory could be a "threat to our Republic," while claiming that "right-wing media venues" are "stoking the fear and resentment of a white population."

On the radio program Wednesday, Glenn Beck set the record straight: the right-wing media's efforts to call out the far-left have nothing to do with race in America, but rather everything to do with protecting our way of life that is being threatened more and more each day by the radical, Marxist ideology seeping into government.

"Mr. Obama, you lied," Glenn asserted. "You used the IRS to hunt down your enemy. You spied on the media. And your health care package, which was supposed to save every American $3,000 per year, has helped some, perhaps, while raising the cost of everyone's health care in double and triple percentages. But the worst thing that you did, is you planted, you watered, and you protected the Marxist seeds, by crying race."

Watch the video clip below to hear more from Glenn:

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Our sacred republic has never been in more danger than it is today. Little by little, industry by industry, the far Left is fundamentally transforming the country we love. And it's an aggressive, hostile kind of takeover we've only seen in some of the world's darkest societies.

On Glenn TV this week, Glenn Beck exposes how the Biden administration and Democrats are aggressively scrambling to reset everything: our free and fair voting system, our kids' education, our policing, immigration and border security, our economy, our military, and our energy supply.

Finally, Congressman Dan Crenshaw (R-Texas) joins to discuss how Biden's "woke" policies are threatening America's national security and our way of life.

Watch the full episode below:

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Apparel company The North Face recently stated that it would no longer make jackets for oil and gas companies because it doesn't want to be associated with the fossil fuel industry. In response, Colorado-based oil and gas company Liberty Oilfield Services rented full billboard ads to remind The North Face of the truth: "Globally, 60% of all clothing fibers are made out of oil and gas. For North Face, it is likely 90% or more."

Liberty CEO Chris Wright joined Glenn Beck on the radio program Tuesday to discuss just how much of our economy — beyond outdoor apparel and energy — wouldn't exist in a world without fossil fuels. And he warns that many companies are now deeming this truth to be "controversial."

"I have been for years, trying to get a real, honest dialogue about energy going," Chris told Glenn. "So we took this opportunity to point out that North Face jackets are ... almost completely made out of oil and gas. How can you choose not to associate with the essential material your equipment [is] made out of? So we put a billboard up ... the billboard says, 'That North Face puffer looks good on you. And it was made from fossil fuels.'"

"Most billboard companies did not want to run that billboard. They thought it was controversial," he added. "And Facebook put a hold on our brief video just saying the jacket looks good, this is what it's made out of. In today's world, that is controversial."

Watch the video below to catch more of the conversation:

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During a lecture at the Yale School of Medicine's Child Study Center, a New York City-based psychiatrist told students and faculty that she fantasizes about "unloading a revolver into the head of any white person that got in my way," among several other shockingly race-hating statements.

In April, Dr. Aruna Khilanani — a New York-based forensic psychiatrist and psychoanalyst — delivered the talk called "The Psychopathic Problem of the White Mind" virtually as part of the Yale School of Medicine's "Child Study Center Grand Rounds," a lecture program for "trainees in child psychiatry, psychology, and social work, faculty, clinicians, and scientists."

On the radio program Monday, Glenn Beck shared several quotes from an audio recording of the lecture provided by Bari Weiss, a former opinion writer and editor for the New York Times.

Here are a few of Khilanani's statements from the audio:

  • "This is the cost of talking to white people at all. The cost of your own life, as they suck you dry. There are no good apples out there. White people make my blood boil."
  • "I had fantasies of unloading a revolver into the head of any white person that got in my way, burying their body, and wiping my bloody hands as I walked away relatively guiltless with a bounce in my step. Like I did the world a f***ing favor."
  • "White people are out of their minds. And they have been for a long time."
  • "White people feel that we are bullying them when we bring up race. They feel that we should be thanking them for all that they have done for us. They are confused, and so are we. We keep forgetting that directly talking about race is a waste of our breath."
  • "We are asking a demented, violent predator who thinks that they are a saint or a superhero, to accept responsibility. It ain't gonna happen. They have five holes in their brain. It's like banging your head against a brick wall. It's just like sort of not a good idea."

"We must take a stand. We must speak out, because this is evil," Glenn said in response to Khilanani's shocking lecture. "I don't care who you voted for, you know this is evil."

Watch the video below for more details:

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