Glenn Beck: Time to Cut Up Congress' Credit Cards





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Glenn Beckweekdays at 5p & 2a ET on Fox News Channel

When there is a financial crisis in my family, we have a budget meeting, we look things over. Maybe this is the same with you — I bet it is.

You look at the numbers. And let's say that you find out that you've run up so much debt, that even if you devoted 100 percent of your salary to paying down that debt, it would take 145 years to pay it off. My advice would always be: Break out the credit cards! Yes, it's spending time! Bloomingdales anyone?

Of course you would never do that. You'd cut the credit cards. But our government does. Democrats are raising the debt ceiling by another $1.8 trillion. David Obey summed up the need for the action best: "We don't really have a choice. The bill's already been run up; the credit card has already been used. When you get the bill in the mail you need to pay it."

Oh, so that's how it works. Even if that were the total truth, would you then borrow money to pay that bill and then borrow more money to rack up new charges? No. Our hands are tied because you've been busy tying them.

At least we spent that $787 billion in stimulus money to create jobs, right? President Obama rushed us into it — as did everybody else in Congress. So what are we getting out of it?

$2.2 million went to a failing golf course in San Francisco

$54 million for a California "wine train"

$1.5 million went to fossil research in Argentina

$75,000 went to puppet shows and a clown theater

Almost $400,000 for people to keep journals of their malt liquor and marijuana use

$200,000 to study the "hookup" behavior of college students

$500,000 to study how people use Facebook

$220,000 on the study of birds, the sex drive of rats and the "caste system" and division of labor in ants

You couldn't make this stuff up. By the way, side note: Andy Stern is organizing those labor ants.

An Obama spokeswoman shrugged off the waste, saying: "Even if there are a few unwise projects, it's only a handful out of the over 50,000 projects ... approved to date."

"A few unwise projects"? I just listed eight that wasted over $50 million of taxpayer money. Projects like Hillary Clinton's pollster getting $6 million to save a whopping three jobs. Maybe that kind of thing doesn't bother Washington, but it sure bothers the rest of us.

And it's not just Democrats. There is a brand new Omnibus bill that is over 2,400-pages. They are voting on it. They've only had access to it for under 24 hours. No one has read it! And the Republicans have slipped in more than $1 billion of pork barrel spending.

Aren't they supposed to be the party of fiscal responsibility? Aren't they supposed to be the other choice? And they wonder why polls show they are being beaten by the non-existent Tea Party Party?

How can you justify wasting more of our money on ridiculous grants like the "Juan de Fuca Festival"? And don't give me the "oh, it's only a billion — the whole bill is $447 billion." That's like me saying to my wife, hey, I only slept with 10 tramps... look at Tiger Woods!

Stop the spending! It's time to cut the credit cards of Congress.

While the rest of America has shed 7 million jobs since the recession began in 2007 — and 4 million jobs since Obama took office — there is one sector that the government has succeeded in creating jobs: In the federal government.

From Friday's USA Today, the federal government is adding 10,000 jobs a month while the rest of the country is hemorrhaging them.

The next part of this will make your head explode, so get out the duct tape for this one. How many times have you heard about the "evil CEOs" and the "wealthiest one percent," from our politicians? OK, who in the government is making out the best? From USA Today: "The highest-paid federal employees are doing best of all on salary increases."

The highest paid? Isn't that interesting? It turns out being rich is only bad if you are in the private sector!

Take the Transportation Department: When the recession began they had one — count 'em — one person making over $170,000. Today? There are 1,690!

The average salary in the private sector: $40,331; the average salary for federal employees: $71,206.

And — again, get out the duct tape — the government is now easing salary caps. Yes, the same people who are admonishing those greedy CEOs seem to keep giving themselves raises. So now, when the "boss" in a federal department gets a raise, everyone gets one. Like when the FAA chief got a raise, almost 1,700 employees' salaries rose above the $170,000 mark along with him.

And my favorite: Max Baucus — who you know from the Baucus Bill and chairman of the Senate Finance Committee — we've just learned gave a $14,000 pay raise to a female staffer at the time he was becoming romantically involved with her (2008) and "later that year took her on a taxpayer-funded trip to Southeast Asia and the Middle East... even though foreign policy was not her specialty."

All while there is a financial crisis?

Need. Duct. Tape.

No wonder Barack Obama is out there saying he saved the economy — things are looking pretty darn rosy from inside Washington, D.C.:

(BEGIN VIDEO CLIP)

PRESIDENT BARACK OBAMA: We can see clearly now that the steps my administration is taking are making a difference, blunting the worst of this recession and helping to bring about its conclusion.

(END VIDEO CLIP)

Are we really out of the storm? How does any of this massive government expansion make sense, without Cloward and Piven?

You have to ask yourself: Do you believe the politicians? Well, they have to increase power if you believe them. Or you can listen to yourself, what you know in your gut. Why are they pushing health care bill through? Because they aren't afraid of you. Harry Reid is losing and will probably lose his election. So what's the strategy? He'll be either running some giant corporation or be some giant lobbyist. He may lose his position, but he won't lose his power.

How about people who are not connected to the government? What are they doing to make sure they don't lose their money? While Barack Obama says everything is fine, people who put their money where there mouth is don't agree. Let me show you:

Just like a traffic light, there's green, yellow and red.

The "green" would be stocks and corporate bonds. The "yellow" would be treasuries, T-bills. The "red" would be gold, land, food and God knows what else. We don't ever get to red. We've always been in the green.

When people who have billions of dollars to invest and they feel comfortable they invest in stocks and corporate bonds.

When they don't know what will happen and they think what is going to happen is bad, the safe bet is to put it in treasuries. And when things are really bad — and we've never gotten this far — they go into gold. We've been a country on the green level. Four times in this country's history, we've gone into the yellow level. When there is so much money being poured into the treasuries, the yield (the money you make on the investment) goes down. Four times in history it's gone down to zero. That means they are just holding it and you don't make a dime. And they don't care about making money. They just want to have it and not lose it.

When were the last three times this happened? All were in December '08.

Now, again, the president says this:

(BEGIN VIDEO CLIP)

OBAMA: We can see clearly now that the steps my administration is taking are making a difference, blunting the worst of this recession and helping to bring about its conclusion.

(END VIDEO CLIP)

Then let me ask you, Mr. President: Why have the people with real money made a historic move? We are once again at a zero yield on interest. Anyone who has to put there money where their mouth is — they don't feel comfortable. They're going yellow.

And by the way, you're seeing little flashes of red: Gold is down in the last week. It may zoom up again, it may not. But it's a warning sign — a flashing red light, which we also rarely, if ever see.

What does this all mean? You have to believe one of two options: First, the hope for change, which is including all of this spending that doesn't make any common sense. Or, "the put your money where your mouth is" people — the big smart money.

You know the old complaint "the rich are getting richer"? It's because they knew. Well, now you know. The smart money is saying hunker down. Things could get much worse. I hope they don't.

You don't have to buy treasury bills or gold or anything. You just need the information and don't spend like Congress does.

— WatchGlenn Beckweekdays at 5p & 2a ET on Fox News Channel

There’s an economic axis of evil taking shape right now, and the people in charge of our government are too stupid to acknowledge and deal with what’s happening. The U.S. dollar and the entire financial system are at stake, and, as Glenn Beck reveals on "Glenn TV" Wednesday, our enemies’ PUBLISHED plans to take the entire thing down.

While all of this is happening, our own leaders are making everything worse. We’ve got Nancy Pelosi risking an international incident, accelerating China’s plans to collapse us. And when Biden SHOULD be focusing on the security of our country, he’s instead preoccupied with controlling the weather with his Inflation "Reduction" Act.

Glenn exposes the TRUE numbers on what that bill will do to your family’s budget. Add to that, they’re more than doubling the IRS to make sure you feel the pain. And if you think they won’t come for you, look at what they just did to the former president of the United States. The DOJ and FBI just went after the political opponent of their boss, Joe Biden.

This is what they are focused on, and the threat to the dollar — and the entire financial system — isn’t even on their radar. Pain is coming for us, and they don’t care one bit.

Watch the full episode below:

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Speaking before signing the “PACT Act of 2022” on Wednesday morning, President Joe Biden claimed that his wonderful economic plan "is working" and that somehow July’s annual inflation rate of 8.5% was actually “zero.”

“I just want to say a number: zero. Today we received news that our economy had 0% inflation in the month of July,” Biden said during a ceremony in the East Room of the White House.

White House press secretary Karine Jean-Pierre dutifully echoed the president's not-at-all misleading claim:

The truth of the matter is that last month's inflation rate of 8.5% was a (small) step in the right direction, but only because it was lower than June's 41-year high of 9.1% — and the thing is, anyone who's graduated kindergarten knows it.

So, who do White House personnel think they're fooling? On the radio program Wednesday, Glenn Beck and producer Stu Burguiere broke down how the Biden administration came to this latest disingenuous conclusion about the economy, what the latest consumer price index actually shows, and why the inevitable Biden brag-fest will be unbearable.

Watch the video clip below. Can't watch? Download the podcast here.

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.

Glenn Beck: This is the ONLY endgame that makes sense for the FBI’s raid on Trump’s Mar-a-Lago home

(Left) Photo by James Devaney/GC Images (Right) Video screenshot

If you're celebrating this FBI raid on Mar-a-Lago, you have no idea how much this changes things. We don't do this in America. At least, we didn't. But the left cannot have Donald Trump be president again. His "America First" platform goes against everything they've been working for. So, what's their endgame here? On the radio program, Glenn Beck said there's really only one endgame that makes sense — and it should scare us all.

"If you are not for the destruction of America, you better pay attention quickly. This is a massive move," Glenn said of the Mar-a-Lago raid.

"And who has credibility on this? ... The right will believe Donald Trump, but nobody on the left, so you're not going to change any minds there. Do you think the right will believe the New York Times? MSNBC? NBC? CBS? Do you think we're going to believe the New York Times — the people who have been carrying water for the Biden crimes? The Clinton crimes? And ... I'm talking about her server and having her own State Department people go into a skiff, which is the top secret room, completely sealed off, going in and getting documents, cutting off 'top secret,' and then emailing them to her on her private server. And nothing? And now you're going to try to convince me [that] this has nothing to do with January 6?" he added.

"Remember the [allegations about] bank servers, [Trump] was pinging a bank? Untrue. Carter Page is a Russian spy? Untrue. Donald Trump is a Russian spy? ... Untrue. Collusion with Russia? Untrue. Ukraine, the perfect phone call? Not true. Not true. Wasn't a perfect phone call. Was not impeachable. The pee tape dossier? None of that was true. Here's why they can't have [Trump] as president of the United States. They can't have him as president of the United States because we are headed towards a completely new, all redesigned, non-capitalist, nonconstitutional Great Reset," Glenn argued. "They cannot have him be president because he is America first."

Glenn warned Americans that our federal government is accumulating massive power, case in point the 87,000 new IRS agents. "Coupled with the [IRS agents] they already have ... that's almost the size of our National Guard. Do you feel comfortable with that? Democrats? You don't think there's a possibility ... that someone ... might come in at some point and weaponize the IRS?"

He also warned that the FBI's raid on Donald Trump’s home has implications that stretch far beyond simple dislike for the former president. So what are they hoping to accomplish?

"What is the endgame? You make him into a martyr by throwing him into jail or killing him ... so you make him stronger? That doesn't make sense. Why would they want that?" Glenn asked. "So, what is their endgame? The only one that makes sense to me, is to stop him at any cost, then lunatics will take to the streets, and then [they] will have [their] evidence that the [right is] more dangerous than anyone could possibly imagine. Please, pray for your country."

Watch the video clip below to hear more from Glenn. Can't watch? Download the podcast here.

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.