Watch Glenn Beck weekdays at 5p & 2a ET on Fox News
GLENN BECK, HOST: Hello, America.
Wouldn't you just like once in a while if someone would treat you like an
adult? Seriously? Somebody would just level with you?
All they ever tell us is what they think we want to hear, what we — what they
think we need to hear. Why don't you just tell us the truth? And you don't need
to sugarcoat it. But that's what everybody does, to suit their agenda. And both
sides are sugarcoating.
Here's what you get from the right. We have to stop spending or we're going
to drive ourselves into bankruptcy and we can't afford to do that. Well, now,
this plan comes out and it's 2008 spending levels. OK. It was bad in 2008. I
don't know if the Republicans got that.
Now, all of that is true, that we're going to spend ourselves into oblivion
and we can't continue to spend. So, we have to cut. That's true. But they leave
something out of that.
On the other side, the Democrats also sugarcoat. That is the opposite. Here's
the example. Here's Jan Schakowsky. She's flaming on fire progressive. She says,
"Spending, of course, is the answer."
Of course, she is wrong. She's wrong to think nothing bad would happen if we
just keep spending. That is the sugar.
But she does touch briefly on what will happen if we stop spending. Here it
(BEGIN VIDEO CLIP)
REP. JAN SCHAKOWSKY, D-ILL.: We talk about the deficit — the
crippling deficit for our grandchildren — a lot of talk in the commission of our
grandchildren. What are we going to leave them with?
UNIDENTIFIED MALE: Right. Yes.
SCHAKOWSKY: But, you know, we may free them of debt, but
they could also be sick and uneducated and unemployed. And that's not a good
UNIDENTIFIED MALE: No, it's not.
SCHAKOWSKY: We need to make —
UNIDENTIFIED MALE: Because then they're just going to to
borrow to pay for those things and they're not going to be free of that.
SCHAKOWSKY: And the United States could end up like a third
world country if we don't invest.
(END VIDEO CLIP)
BECK: OK. First of all, we didn't need the Department of
Education. We seem to educate this country without the Department of Education a
lot more than we're educating it now. The Department of Education is relatively
new, Jan. So, we're not all going to turn into dummies because we have each and
we can educate ourselves and our neighborhoods and our states. We don't need the
federal government to do it.
But the one thing that she said here that was accurate was the country could
end up like a third world country. That's true. She says it will happen if we
don't invest. Where in the Constitution do you read anything about investing in
our country? I don't — it's up to you to invest. That's what you do.
What they're doing — you are not investing in our country. You are taking the
money from people and then you're spending it the way you want.
Now, that's grand theft or I think it's suicide.
Now, she mentioned the third world. The United States could be a third world
country. Two years ago — actually, it's about four years ago, I think I first
said to my father and he said, "Oh, no, Glenn, that will never happen."
Yes, it will. Yes, it will.
The only thing that will happen are the things that we deny that could happen
if we stay in that denial. This is why we needed an adult conversation. We need
to be able to look each other in the eye and just say, look, here's the truth.
You know, politicians, we know. We know who did it to our country and it's both
of you. It's both sides. You're both in time-out corners.
And we were part — we were part of it. But here's the — here's the thing.
Either road we take we're going to hit a forest. This is — this is economic
darkness here. There's trouble ahead. And we're both — both right and left have
taken us in this forest. Now, we're here — we're right here. And we want to go
The question is: how long do we stay in the forest? Do we get eaten by a
lion, a tiger or a bear while in the forest?
There is one way to get to the — get to this road much faster than the other.
One meanders in the forest. And I don't know what you have left on the other
side. I don't know if you ever get here. I don't know.
The question is — there's pain either way. Whichever one you choose, whether
it's a Republican plan or the Democratic plan, or my plan or somebody who says,
let's just turn the printing presses off and close everything down — pain. The
question is how much pain, how long does it last?
Now, what kind of person are you? I'm somebody who likes to rip the Band-Aid
off, you know, quick. That's what I am. Just rip it off quick. If it's going to
cause damage to the wound, then tear it off slow. But if it's, ow, ow, ow — just
take it off, man. Let's take our lumps and let's move forward.
What we are entering is a Weimar trap. If you listen to one side, — it's
Weimar trap. Now, this is a very — this is — this is — you know what, it's
almost like — I mean, this is a puzzle in here that has never been solved
correctly. And civilization after civilization have gone into that forest and
then never come out.
"Lords of Finance" is a book I told you about, I don't know, two or three
years ago. It is really a good book. It tells the story of all the lords of
finance during the first and — it's been a while here, I think second — World
The First World War, it tells the story of the Weimar Republic and the
president of the Reichsbank. He had managed to keep his job after World War II,
even though he horribly mismanaged financing the war.
Facing a choice he decided to go along with the new government's plan, and
that was to print money to pay back the allies because here was the problem. The
problem was they lost the war. And then all the allies, France and England, and
America as well, they punished Germany. They were going to make them pay for the
mistakes and teach them and the rest of the world on a lesson because they were
about to embark on the new League of Nations, the precursor to the United
So, the question was how to pay for it. Germany couldn't pay for it. So, they
just started to print money — exactly what we're doing now, OK?
The president of the Reichsbank Bank said that will lead to massive
Now, the question is, why did he do it? Because he knew it would lead to the
Weimar trap. You'll never get out of the forest, ever!
So, why did he do it? Well, no one knows for sure but there are three
possible answers. One, he wanted to teach the new incoming government a lesson.
Two, complete and total economic ignorance. He had no idea what was going on.
Or the third answer and most likely — and this is the one most people agree
on — is he didn't have a choice. Why? Because once you're in this forest, it
gets spooky. It gets — it gets dark and spooky and you don't want to spook all
the people you're with. You're trying to lead them out of the forest. And you
have — once you're in here, you have no idea which direction you're even going
Well, inflating the money — here was the choice — inflating the money will
lead to interest rate increases, high unemployment and turn revolution out into
streets. But his other option was to not print the money, and that would lead to
high unemployment, people losing their houses and their jobs, and revolution in
So, there is no good answer in the forest — unless you stay true to your
principles. If you find your true north and you say, what has never worked —
printing money, borrowing more — that's never worked, we know it's never worked.
But what happens when you're in this forest is people get afraid. And they're
like, no, no, no. No, no, no. We'll be eaten by a lion and these people behind
us, we're trying to lead them out and they're all going to freak out. You can't
tell them, we're all going to die in the forest!
That's what happens. And then somebody says, "Here's a match. Print more
money." And so then, people in the line and everybody who is in the forest goes,
"No, no, I got money. I got money. It's on fire, but I got money over here."
It's a trap.
That's what happened to Weimar Republic. They owed too much money, just like
we do. How to pay for it? They print it — and they never got out of the forest.
And then there's always someone here always someone here who says, "I'll lead
you out of the forest." That time it was Hitler, because everybody — once they
get to the edge of the forest, they are so freaked out and they have no food
left. They have no money left, they have no houses left, they have nothing.
That's how it always ends.
Now, in a completely unrelated note, President Obama was at the U.N.
yesterday continuing to promise all the countries around the world that we'll
still be sending them more foreign aid. Here is what he said.
(BEGIN VIDEO CLIP)
PRESIDENT BARACK OBAMA: Put simply, the United States is
changing the way we do business.
(END VIDEO CLIP)
(BEGIN VIDEO CLIP)
OBAMA: First, we're changing how we define development. For
too long, we've measured the efforts by the dollars we spent and the food and
medicines that we delivered.
(END VIDEO CLIP)
(BEGIN VIDEO CLIP)
OBAMA: But aid alone is not development. Development is
helping nations to actually develop, moving from poverty to prosperity. And we
need more than just aid to unleash that change.
(END VIDEO CLIP)
BECK: OK. All right. Boy, do I agree with that. I wish we
would have gotten that about — oh, I don't know, 1908.
OK. So now, here we are sending our own people into unemployment lines and
soup kitchens, and now, we decided we're still going to send all the money over
there but we're going to teach the rest of the world how to fish. Hey,
fishermen, fish yourself first. What is it, physician heal thy self? Yes!
President Obama, once you — once you snag and reel it in the boat, then you
can tell the rest of the world — you want to talk about arrogance — then you can
talk to everybody else about how to create jobs.
Look, here's what you need the politician to say. Other nations, I feel bad
for you. I really do. But all the money you're getting from us is a loan from a
loan. And you ain't never going to pay it back. We know that and you know that.
And we're going to have to pay ours back because nobody is going to forgive the
big, bad, evil United States.
Just like in Germany after World War I, we can't afford it and no one will
release us from this debt. Germany kept printing money after World War I until
they hit the point of no return and it finally collapsed.
Now, are we going to reach that point? Yes, maybe. I hope we don't, but we
We won't even see it coming because our politicians refuse to treat us like
adults and act like adults instead of children. Instead, they just want to keep
us being fed candy. Here's some candy, little kiddies.
Now, what happens on the future? What happens in the future? It depends on
I want you to know: we're going into this forest whether you listen to the
Republicans or the Democrats. But only one road takes you out. And that is
depend on every skill that you have, depend on the people in the line.
As long as you know, going in to the forest — guys, it's going to be really
spooky, here's what we're going to face. Everybody hold hands, everybody band
together, everybody have firm reliance on Divine Providence — you hang together!
As long as you're saying that here, you'll make it here. But nobody is telling
you about this forest, are they?
Here's what our future will be if we do not change our past if we don't — if
we don't change our behavior now. We're going to either default on these loans —
which they're not going to default, they won't — they won't allow us to default.
We will print the money.
Other countries, when they say, "Wait a minute, that's worthless, we want our
money," what do you think, they're going to let us keep our oil? You think
they're going to let us keep the ANWR? The Gulf?
We default or we end defense. Now, what does that mean we end defense? Well,
there's going to come a time where we can't pay for one or the other. So, oh, my
gosh, but if you are really cool — if you're like totally cool with the United
Nations and the Blue Helmets, that's not a bad option. Why don't we just have
the United Nations army represent us?
I said the next two possible — these next two years are possibly the most
dangerous time in American history, even if the GOP takes over in 2011. So what?
First of all, since when have we been tight with a pocketbook? Secondly,
President Obama still has a big fat veto pen. He's not going to allow any cut to
go through unless he thinks it helps him and the Democratic Party.
We're not looking — the people in Washington are not looking to help the
country. They are fundamentally transforming the country. I believe — because of
what Van Jones has said — anything that stirs his base to anger like cutting
education, he's going to be totally fine with. Any cut is going to hurt in the
short-term, but we have to cut to show the rest of the world that we are
serious. And we also have to cut now because we are on this path.
And right now is the time that we say, wait, wait, wait, don't eat all your
provisions. We might be in there for a while. No, no, no. Don't spend all your
money. Don't use your flashlights. We're going into a dangerous place. That is
what we must do now.
No one, not Bush, not anybody, have truly articulated what your real choices
are. The closest came from Joe Biden when he said you had to keep spending. Here
(BEGIN VIDEO CLIP)
VICE PRESIDENT JOSEPH BIDEN: When I say that, people look at
me and say, "What are you talking about, Joe? You're telling me we got to go
spend money to keep from going bankrupt?" The answer is yes! That's what I'm
(END VIDEO CLIP)
BECK: No, that's not entirely true. You have to spend money to keep the
illusion that you are going bankrupt going. You just want to keep the illusion
that we're not going to — no problems are ahead. That you're eating all the
food. You're using all the batteries.
Joe, what's you're doing is a Ponzi scheme. It's not a solution. If we keep
spending, we will fall right off this cliff into the Grand Canyon, and then we
won't have anything left to get us back out. If we remain standing on the edge,
you're in trouble.
Have you heard anyone in the media ask the president or any of his genius
economists this question: hey, Mr. President, you know, I read, I can figure out
Weimar. Spending is really bad. What is your — what is your exit strategy?
I mean, because if you're spending to jumpstart the economy, and it's not
work so far: (a), when do you say that's enough, we've tried it enough, the car
is not going to start? Or when do you stop?
Because right now, here is how it's playing out — we need more stimulus money
so teachers don't get fired. Then they pass a bill and give teachers enough to
last the year so they don't get fired.
What happens when the year is over? Hey, we need more money so the teachers
don't get fired.
Well, at what point do we stop getting industries and unions and keeping them
afloat with money that we don't have?
Closer to home on this one — at what point do we tell the unions we are not
responsible for your pensions?
We cannot afford the pensions. We are entering a place where people cannot
afford to even eat. You're not going to get your pensions. I'm sorry. It's jobs
and the country or your pension. Let the unions figure that one out. But that
would require a grown-up in the room — a grown-up that will level with the
American people and their union members.
You people that lead these unions, you got your pensions. They're fully
funded. They're 120 percent. The workers, you're screwing them. You face them.
We're big boys and big girls. We can handle it. And we can handle it calmly.
Explain the grown-up choice because you know what? You know what? You can
handle anything calmly here. And this is where we are. You cannot handle things
calmly when people are afraid in the forest and you've lied to them and said,
what forest? There's no trees on this path.
You can either pin our hopes on a globalist, redistribution of wealth,
anti-free market policies that have never worked in the history of mankind. We
can cross our fingers and hope to die, and stick a needle in our eye and pray —
well, not if the ACLU is anywhere around — that Marxism and printing money for
the very first time will create prosperity. Yes.
Oh, and it doesn't bleed the country dry. So, no resources are left and money
is completely worthless and we've already chased all the business leaders and
all the businesses overseas. And all the industry and all of the union and the
leaders are already overseas looking at us going, "See you later, suckers."
Or, do you have an adult conversation like this? Cut spending, dramatically,
now. It's not going to be pretty at first. It's going to hurt all of us.
Remember, all the trillions our government is spending is — they're spending
it so that they can take the Band-Aid off really slowly. They have artificially
propped up failing institutions, when what we need to do is let them fail and
build a better one.
You know, when we cut, you might lose your job. I might lose my job. You
might lose your home. I might lose my home. We could slide into a depression.
Pensions might be lost. There may be unrest in the streets. But we have each
What is more important? What is our biggest asset? Our houses? Our jobs? Or
If it gets bad, we have each other. We must be prepared for it, prepared to
band together, come together, figure out the new ways to pay off our debt.
Neither option is good.
So, why is the second option the best option? Because if you don't choose it,
we get option number one automatically. We get a country with no work ethic. We
have a dollar that is worth zero, you know, like France or Greece, a few years
We're going to take our medicine now and get the truth or not. Are we going
to do what other societies like Rome and everybody else have done, and slowly
slide in collapse until there's nothing left? I prefer the truth. I prefer a
We are in trouble either way. Yes. But we are also the same people that
changed the world because we did the hard things. We are the people that went to
the moon and back. We can certainly find our way out of a forest.
— Watch Glenn Beck weekdays at 5p & 2a ET on Fox News