Why the debt deal is bad news

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Don’t be fooled. We’ve just been betrayed by Washington.

A deal on the debt ceiling is near and Washington still hasn’t gotten serious about the fundamentals. It hasn’t gotten serious about default. It certainly hasn’t gotten serious about the future. When Harry Reid hails a “bipartisan compromise” you know we’re doomed.

Republicans and Democrats have just negotiated away the future of our children behind closed doors. The big compromise on Capitol Hill features elaborate triggers, tranches, Hornswogglers, Snozzwangers, Super Duper Commissions that will make the Snozzberries taste like Snozeberries, and a whole bunch of other convoluted gibberish that will, no doubt, come with loopholes and create entire new bureaucracies. What it doesn’t do is fix the problem.

The fact is Moody’s has already warned us that no one has put a plan on the table that comes close to solving our long-term problem. Moody’s will downgrade us. This could happen tomorrow, in six months or maybe a year from now, but at some point in the near future it’s
going to happen. And it’s going to hurt. So we must be prepared.

Imagine your credit card’s interest rates constantly rising. Imagine high inflation eating away at your savings accounts, retirement funds and salary — if you’re lucky enough to have one these days. Imagine the interest rate on your mortgage rising and compounding until there was no hope of escaping debt. Imagine that fewer and fewer people are willing to lend you any money as your credit rating takes a dive.

Now imagine we’re talking about 15, 25, 100 trillion dollars and your Medicare, Social Security and Treasury bonds.

Those tanks and missiles Republicans say we need? No more. Those food stamps and green-energy boondoggles Democrats say we can’t live without? Forget it. We won’t be able to afford them. It won’t matter how many prime time speeches the president gives or how dangerous the
world gets. The unsustainable cost of irresponsible governance mean everyone loses.

And by everyone, I mean the whole world.

Remember the saying: as Greece goes so goes the world? The United States economy constitutes around 25 percent of the world’s GDP. What happens to global economy when we default? Everyone will feel it. After all, who’s going to send billions in weapons to Egypt’s military regime to help it quell the “democratic” Arab street when we can’t even pay the janitors at the IRS office space?

So what is the point of all the drama in Washington? As best as I can tell most politicians are scared stiff that they might have to have a substantive debate about the debt ceiling during the election season. Other than that, we’re back where we started.

For one, any promise of future cuts is as about as rock solid as a politician’s word. Experience has taught us every year some “unprecedented” emergency will require us to spend hundreds of
billions, if not trillions, we don’t have to “fix.” Mark my words, the war (I’m sorry … “kinetic military action”) that no one even understands in Libya will expand and then all the promises forgotten.

It’s true that seven or eight months ago Democrats were still saying we needed another stimulus package and calling for new spending. Now, we’re not just talking about whether to cut but about how much to cut. And it’s great news that Washington has made significant progress in moving the Balanced Budget Amendment — the only real and lasting solution to this crisis. Nevertheless, the fact remains that this deal raises the debt limit by about $2.5 trillion dollars without making substantial and immediate cuts.

Congressman Jason Chaffetz, in fact, explained that the first year of spending cut is $7 billion and when you consider that we deficit spend $4 billion a day, the real savings in the first year of this deal covers only two days of spending.

Promises mean nothing in Washington. We need genuine, transformational reform and real spending cuts today, not a strategic Republican victory. The time for political expediency is over.

Isn’t it curious that when Democrats wanted to push through a $1 trillion stimulus plan that enriched every social engineering project in the country they got it done? Isn’t it amazing that Democrats had the willpower to ram through health unpopular Obamacare which changed
our entire health care system without any compromise whatsoever?

Why can’t Republicans find a similar backbone? Why can’t they fight for the people who elected them? Are you telling me they can’t find significant waste and fraud in the Federal government right now?

The answer is simple.

You cannot spend more than you earn. You cannot run up the largest credit card bill in human history. You want more revenue? Stop chasing income earners overseas by threatening them with higher taxes, stop inflating their energy costs and stop punishing them with never-ending regulations. Mr President, put down your socialist mop! Stop with the Cloward and Piven floor wax.

And then balance the budget, cut back the spending and reform entitlements.

Every year as Thanksgiving approaches, the fear of politics being brought up at the dinner table is shared by millions around the country. But comedian Jamie Kilstein has a guide for what you should do to avoid the awkward political turmoil so you can enjoy stuffing your face full of turkey.

Kilstein joined "The Glenn Beck Program" to dissect exactly how you can handle those awkward, news-related discussions around the table on Thanksgiving and provided his 3-step guide to help you survive the holidays with your favorite, liberal relatives: Find common ground, don’t take obvious bait, and remember that winning an argument at the cost of a family member won’t fix the issue you’re arguing about.

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

Want more from Glenn Beck?

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On Friday, Mercury One hosted the 2022 ProFamily Legislators Conference at The American Journey Experience. Glenn Beck shared this wisdom with legislators from all across our nation. We must be on God’s side.

Winston Marshall assumed that he would be playing banjo with Mumford & Sons well into his 60s, but one tweet — simply recommending Andy Ngo's book — was all it took for the woke mob to attack. At first, Winston apologized, saying he "was certainly open to not understanding the full picture." But after doing some research, not to mention a whole lot of soul-searching, his conscience "really started to bother" him.

On the latest episode of "The Glenn Beck Podcast," Winston opened up about the entire scandal, what he discovered in the wake of his cancellation, and why he's decided to put truth over career.

"I looked deeper and deeper into the topic, and I realized I hadn't been wrong [when] I'd called the author brave," Winston said of Ngo. "Not only was he brave, he'd been attacked by Antifa mobs in Oregon, and he was then attacked again ... he's unquestionably brave. And so my conscience really started to bother me ... I felt like I was in some way excusing the behavior of Antifa by apologizing for criticizing it. Which then made me feel, well, then I'm as bad as the problem because I'm sort of agreeing that it doesn't exist," he added.

"Another point, by the way, that I found it very frustrating, was that that left-wing media in this country and in my country don't even talk about [Antifa]. We can all see this footage. We see it online," Winston continued. "But they don't talk about it, and that's part of my, I think, interest initially in tweeting about Andy's book. Because I think people need to see what's going on, and it's a blind spot there. ... CNN and MSNBC, they don't cover it. Biden in his presidential election said it was just 'an idea' that didn't exist. I mean, did he not see the courthouse in Oregon being burnt down?"

Watch the video clip below or find the full podcast with Winston Marshall 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.

FBI whistleblower Steve Friend exposed the FBI for its handling of the investigation into the January 6 riot — and paid the price. Friend joined "The Glenn Beck Program" to describe the series of events that eventually led him not only to leave the FBI, but to speak out against potential abuses within the department as well. The crux of his story began with cases concerning the January 6, 2021, riot and one arrest warrant that he refused to take part in.


Friend also joined Glenn on his "Targets of Tyranny" special to explain why he believed the January 6 cases were run by Washington, D.C., and how the agency's handling of the "J6" investigations has been so "unusual" that he says he's "never" seen anything even close to this before.

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.