RADIOAugust 01, 2022

EXPLAINED: Democrats' MASSIVE bill WILL affect your wallet

Exactly what is inside Democrats’ HUGE spending package, now that Senator Manchin and Majority Leader Chuck Schumer have reached a ‘deal’? The left will say this new, MASSIVE spending — with Team Biden’s fingerprints all over it — is all about saving the economy and the climate until they’re blue in the face. But this is the only conclusion from passing it that’s guaranteed: Your taxes WILL go up. In this clip, Glenn and Stu explain…

Transcript

Below is a rush transcript that may contain errors

GLENN: So let's talk about -- let's first, I guess, wrap up last week. We're now finding out what's in this bill. You know, the -- the Manchin/Biden Build Back Better. Hey, we're going to reduce inflation bill. It's not going to reduce inflation. In fact, we now find out, some of the things that just, they couldn't find time to print, before they voted on it. It's going to affect everybody's taxes. And I mean everybody's taxes. If you make $30,000 or more per year, your taxes are going up next year. And it's all for this green new deal. And Stu has been watching all of it, unfold. And I've been watching what's happening with the assault weapons. The AR ban, that is now passed in the House, going the law the Senate. Let's go through some of them. Let's start with the Build Back Better Manchin bill.

STU: Yeah. This is a bill that it's been an incredible journey on this one. Because as we kind of all remembered, the Democrats initially wanted $6 trillion of spending through Bernie Sanders. His estimates. The White House came in at I think 3.5 trillion. After they whittled it down. To try to look like they were being responsible. Both Manchin and Sinema opposed this famously. So they could not get to 50 votes. Which they need to get to in this particular bill.

GLENN: Correct.

STU: So they went back and forth a bunch of times. They first lowered it to I think 2.1 trillion. Then to 1.9 trillion. Then to 1.7 trillion. And these numbers are -- as you pointed out, multiple times, Glenn, in real depth. Not only here, but also on your TV show. That spending number is really a misleading thing to look at. It's much more what America is going to do on the negative side. Than it is just the spending. But as we've all seen. We've spent $1.9 trillion on this covid bill, at the beginning of Biden's presidency. Which led to a good chunk of what we see now as far as inflation. So imagine if we had gone ahead with that extra $3.5 trillion, that they wanted back in 2021. Now, of course, since then, the Republicans have come on board, for a trillion dollars of infrastructure spending. Not to mention, many of them were on board with all of the other covid spending that we had going on. And there was another proposal, for $250 billion of spending. For this Chips Act. Which theoretically, has some behind it. As we've seen what's going on in China. And Taiwan. All of our chips are made in Taiwan. We have a major problem with the supply chain. So in theory, you can see why you would talk about this, and why it might be a bipartisan issue. Even though, again, I don't think this is the right way to approach that problem. But you can understand why that problem exists. So $250 billion was on the table. And Republicans were basically like, look, we of course. Because they always do. Will go along with a ton of your spending requests. Republicans do not have a problem with spending.

GLENN: In fact, we might even add more to your spending in some cases.

STU: Yeah. And they usually do. We see now, this is not the Tea Party era. There's no leadership voice on the right, who is arguing for less spending. That's not a position.

GLENN: I would say the Freedom Caucus. The Freedom Caucus --

STU: They're in minority status.

GLENN: You're right. You're right.

STU: You're right. There's just not anybody really there. So this 250 billion-dollar bill is going forward. But Mitch McConnell does not want the Build Back Better thing to happen. He's drawn the line there, for whatever reason. He's drawn the line there on spending, which at least it's drawn somewhere. And he says he doesn't want this. But that 50-vote threshold is still sitting out there. They can do this at any point, until this election happens. And they leave -- they leave office. Assuming Republicans win the House or the Senate. So it's been sitting out there. And Manchin keeps coming on. And then he's off. And he's on, and he's off. And so finally, the -- McConnell says, look, I'm not going to go ahead with this $250 billion in chip spending. Unless you say, the Build Back Better thing is done. We're done with this reconciliation thing. It's over. Right around that time, Joe Manchin comes out and says, gosh darn it. This is over. I will not negotiate anymore. I am done. We have had all these conversations. It's over. Big media splash. Everyone reacts, goes crazy. So McConnell goes to Chuck Schumer and says, hey, Chuckles. Remember when I said I would go along with you, if, of course, you stopped the Build Back Better thing? Well, it looks like it's gone. So I'll go along with you on the Chips Act. The Chips Act goes through. They vote for it. It gets signed. Literally, the next day, Joe Manchin comes out and says, by the way, we've come up a deal. We have a deal now, to spend hundreds of billions of dollars on the reconciliation bill that I just said was dead a few weeks ago.

STU: This all goes back to McConnell here, getting absolutely schooled by Chuck Schumer.

GLENN: Can I ask you a question? How do we never learn our lesson? How is it that it never works out the other way? Why? Why? Why? Why? Why? I want to know why.

STU: You get every little bit of this you deserve. When you do a deal with Chuck Schumer. How can you not know, he's going to lie directly to your face at every opportunity?

GLENN: Kentucky, what is wrong with you? Stop giving us -- stop giving us McConnell! Stop it! Stop. He's dirty. He's in bed with the Chinese. He's -- he's -- engaged in nepotism. And everything. Stop it. The guy is worthless. Absolutely worthless.

It is -- I swear to you, he's like a Democratic infiltrator. He's like, I'm going to pose as a Republican. But, Chucky, you and me, baby.

STU: You know, look, McConnell, you can certainly say, he's done some good things. Particularly, I mean, the Supreme Court does not look like it does today without McConnell holding that line.

GLENN: And -- and -- and --

STU: You know, he typically votes -- you know, he votes like a Republican.

GLENN: Like a turtle.

STU: He's not the worst guy. He's not Adam Kinzinger. Right? He's not a guy who is out there constantly voting. Even Susan Collins. He's not that type.

GLENN: He's the head of the Senate for the Republicans!

STU: Yeah. But the power is such a significant part of this. He's always playing games. And here's a game. You play dangerous games, you get dangerous results. And this is what's happened. So now they've been -- again, if you have principle, you just don't vote for the 250 billion-dollar thing in the first place. And that's the problem. You say, this is a bad idea. We're not going to spend that much money. When we're sitting here, complaining about inflation every day. How do you have any credibility on a major issue like that, when the Republicans have gone over -- almost as much money. That was spent on the bill, they all complained about from Joe Biden, has been spent in multiple different bills. That the Republicans have signed on to! I mean, it's -- they have very little credibility here. Their only hope is that most people won't know the background of this stuff. And think, they're at least a little better that be the Democrats. Which I guess they are. But that gap seems to shrink all the time.

GLENN: No. They're just slower. They're just slower at it. And maybe it's because they do have some stops in there. Some people who are fighting against it. Or they're so incompetent, that they can't pass the same kinds of bills. You know what I mean? Maybe they're like, no, I'm all in. Marxism, I think it's great. You like Karl Marx? I like Karl Marx. Let's do it! Then they get up and put bills together. And so the actual Karl Marx, who is in the Democratic Party, steps up and like, these guys are worthless. Maybe they're just incompetent. And that's the only reason why they're going slower. But they're taking off a cliff. Just the same cliff. The same cliff. You watch. I think you're going to see, after the election. If the Republicans win, which they could screw up.

STU: Uh-huh. In a big way. It looks like they're going to screw the Senate up already. At this point, I don't think it's any better than 50/50, they win the Senate.

GLENN: I saw that from your favorite website. What is it? Five --

STU: Oh, FiveThirty. That's what they're saying? Oh, God that's terrifying.

GLENN: Yeah. They're saying 50 percent. They were -- in fact, they were, I think, at 40 percent, that the Democrats would hold it. Now they're up to, I think 50 or 60 percent.

STU: Well, I mean, it's probably a result of things like the latest poll in Pennsylvania, that has Dr. Oz is down double-digits. Again, never made -- against the guy who is barely alive. The man is barely alive. And he's beating Dr. Oz by 11 points.

GLENN: What. What a surprise. Democrats don't have a problem with that.

STU: I guess not.

GLENN: I mean, they could -- you could have -- you know those old pictures where you could kill an outlaw in the wild west? And they just prop his body up in a coffin? You could have Democrats in those pictures, and they would still be voted into office.

THE GLENN BECK PODCAST

Why Your Actions Matter More Than Words in the Eyes of God

Glenn Beck and Eric Metaxas expose the spiritual crisis gripping America’s churches — a moment they compare to Dietrich Bonhoeffer’s warning before World War II. As the culture descends into moral confusion, too many Christians retreat into silence, claiming faith while refusing to act. Together, they argue that true belief demands courage — that “faith without works is dead” — and warn that neutrality in the face of evil is itself a form of complicity.

Watch the FULL Interview HERE

Is Socialism replacing the American dream?

The American Dream used to mean freedom and the chance to build your own life through hard work, faith, and independence. But today, it’s been replaced by comfort, consumption, and debt. Glenn Beck breaks down how America traded liberty for lifestyle, why socialism is gaining ground, and what it will take to reclaim the real American Dream before it disappears for good.

Transcript

Below is a rush transcript that may contain errors

GLENN: I don't know if you saw the visualizing the American dream, Stu.

You know, what the American dream actually is, is that you can forge your own way.

You can -- you know, you can have a scrap of land, and grow your own food if up.

You can, you know, go to school. Not go to school.

You can find a job. If you're qualified for it, you have an equal chance of getting it, you know, based on merit.

But the percentage of Americans who say the American dream is retirement is 86 percent. Health care, 86 percent. Owning a home, 85. Raising two kids, 78. Owning a car, 72. Vacations, 71. Pets, 66. A wedding, 55 percent. That's the American dream, I can get married.

The American dream, if that's what you think, they've now estimated, the cost per household over the cost -- over the lifetime, retirement is $1.6 million. Owning a home now, 30-year mortgage, 20 percent you want to, is $957,594. Owning a car, buying and finance to begin with new cars every ten years is now $900,000 over your lifetime. Raising two kids to 18, plus four years of public college, $876,092. Two kids. Health care, over your lifetime, spending from ages 22 to 85, $414,000. Vacations, annual vacation from '22 to '85, $180,000. One dog and one cat for 11 to 13 years is $40,000!

That's more expensive than a wedding. The engagement ring, the ceremony, and the reception is now estimated to be $38,200.

There's a reason socialism is doing well. You look at that, and you're like, wow. I mean, if that's the American dream. And for a lot of people, that is the American dream!

That's not what the American dream is supposed to be, but, you know, once -- you know, once Woodrow Wilson and FDR got a hold of us and they started advertising, it became stuff instead of freedom. It became stuff. And, you know, when there's a new report out. Let me see if I have that.

There's a new report out now that shows, first time home buyers made up just 21 percent of the home purchases. That's the lowest on record.

The typical age of repeat buyers hit an all-time high of '62. The median downtowns, reaching 23 percent.

The highest since 2023.

And also, where is it?

The last one is -- the median age for first time home buyers, in 1981, it was 29 years old.

I'm sorry. Yeah. Twenty-nine years old. In 2021, it was 33 years old.

What is it this year?

Median age, first time homeowner, forty.

You're 40 before you can buy any kind of home. That puts these things that people want, dream about, out of reach, until you're 40?

You know, 29 is one thing. But if you're not seeing -- you're not seeing your life really kind of settling down until you're 40, I -- I can understand why you're like, you know what, this system doesn't work.

Because you've never seen it work. It's betrayed you.

Or so you've been sold. It's betrayed you.

And everything is being pushed out of your reach. And when you're young, the one thing you're not is patient.

And at 40, I can see why people are not, you know, yeah. Well, socialism is neat because capitalism isn't working. How would you respond to that?

STU: I mean, it's more lengthy than we have time for. But I would say that the response to, you know, you thinking that you want a home is not to embrace an ideology that murders 100 million people.

That's not -- that's not a good answer to the problem that you think you have.

GLENN: But they're not learning that anywhere.

They're not -- that is our responsibility! To teach those things. Because they're not learning it anywhere.

Glenn Beck Warns of 3 Economic Outcomes That Could Change EVERYTHING | Ep 467

Socialism is spreading fast among America’s youth, and the shocking election of Democratic Socialist Zohran Mamdani for mayor in New York City marks a major cultural and economic shift. Glenn exposes how runaway debt, record home prices, AI job disruption, and the collapsing stake in capitalism have led many Millennials and members of Gen Z to embrace socialism and communism. He reveals the three possible economic futures for 2026: two that are disastrous and one that could change everything if the Trump administration’s global financial overhaul succeeds. Plus, Justin Haskins, president of the Heartland Institute, joins to reveal some terrifying truths about why young Americans are embracing socialism from a poll he conducted with Rasmussen Reports.

Glenn Beck warns: We're already in World War III

"The world doesn't understand yet. We're already in World War III," Glenn Beck warns. "That foe is not China. That foe is militant Islam." Glenn explains the battle we're currently facing and what's to come if we don't wake up soon...

Transcript

Below is a rush transcript that may contain errors

GLENN: From New Jersey, it's Brian. Hello, Brian.

CALLER: Hello!

GLENN: Hey.

CALLER: Yeah. Thanks for taking the calls today.

GLENN: Sure.

CALLER: Yeah. I'm worried that we are headed towards another French Revolution-style because we have entire generations. Or actually people just not being heard by their representatives.

GLENN: Hmm.

CALLER: And it's not just here. It's around the world.

GLENN: Uh-huh.

I -- actually, I had scheduled for this time, I'll just do it some other time. Talking about what's happening in -- in England.

I think England is headed for a Civil War. And -- and it's very close.

I mean, you can't put 4,000 people. 4,000 people, in jail, or try them for hate crimes. And speech crimes.

You can't -- you can't do it. In England!

You can't do that in one year. And expect people to just put up with it!

You can't -- you know, we're -- we're -- America doesn't understand yet.

The world doesn't understand.

We're in World War III. We're already in World War III.

I don't know when it becomes a hot war. Or even a war that we on our side recognize. But we are in World War III. And that -- that foe is not China.

That foe is militant Islam, period. And, you know, when we have a situation to where people are -- when the government is just like, no. It's not a problem.

It's not a problem. You know. You've got illegals all over.

It's not a problem.

It's not a problem.

It is a problem. Don't tell me what -- what the problems are not!

Because we're the ones living it!

You're the experts, who keep telling us, no. It's going to work out fine.

And it doesn't work out fine. And it just gets worse and worse.

Oh. We can spend this money. No. It looks like we can't spend this money. Oh, we can afford this. No. It looks like we can't afford this.

You know, if we do this with Ukraine, it will work out fine. No, it didn't, did it? These endless wars, all of this stuff, don't tell me what the problem is. Listen to the people and start talking to the people. Honestly, this is the reason why I'm doing this today. I -- I need to hear from you.

I need to know what's on your mind, so I stay focused and -- and clear on what America is saying.

Because I don't think -- look, you know, me taking phone calls is -- is not a true representation of anything, but it does give me a sense of -- of where you are, as an audience. Maybe not as America, but as an audience. And there are lots of things that concern me. But I want to hear it from you.
But I think you're right! We're headed for real, real trouble. All you need is real economic trouble.

You start getting real, true economic trouble. 1930s kind of depression stuff. And we're in Civil War.

Dan, Oregon. Welcome!

CALLER: Hello, Glenn. How are you?

GLENN: I'm great!

CALLER: Yeah. Good. It's been a long time.

I guess it's been over ten years, since I've had a chance to talk with you. I was one of your first insiders. I was listening to you, since you were in Florida.

GLENN: Wow. Wow.

CALLER: So it's been a long -- yeah. It has been. And I can't say I've enjoyed all of it.
(laughter)

GLENN: Neither have I!

STU: I can't say that either, I'll be honest with you.

CALLER: You know, you were talking on yesterday's show, reminiscing with Stu about how you guys started. And I remember those old shows. And, you know, at the end of the -- the fusion of entertainment and enlightenment.

STU: Hmm.

GLENN: Right.

CALLER: And there was a lot more entertainment. I remember I laughed a lot.

GLENN: Oh, yeah. I know. I know. Those days are long dead.
(laughter)

STU: There's nothing to laugh about now.

CALLER: Yeah. I -- I'm 78. I still work 40 hours a week. I love my job.

GLENN: Good for you.

CALLER: Been married for 55 years. I have seven kids.

GLENN: Good for you.

CALLER: I've got a daughter -- I've got a daughter who is in her 40s. And she has severe TDS. She -- we don't -- I mean, we're not cutting each other off. She hasn't done that at all. We're still very close as a family. But she was down visiting the other day, and got into a conversation with my wife. And I wasn't in the room. But Kathy said it was just like listening to one of those young people out on the street that was being interviewed by the news media. And she was -- and she was in tears about it. My wife and my daughter both.

And, I mean, I love her, and I continue to support her. She's a single woman, not by choice. She just never found the right guy.

GLENN: Yeah.

CALLER: And I really think that's part of the problem. Because she started reading -- back when Trump was first running, she started reading all of this stuff about him being misogynistic and all of this stuff.

GLENN: Yeah. Yeah.

CALLER: And it's just gotten worse. I -- I'm at a loss. I really am. Because I -- like, I see the country doing better. I keep waiting for the other shoe to drop. But I still feel like that at least right now, we're doing better as a whole. But what do we do about -- what do we do about our kids about -- she went to Portland State University for the last two --

GLENN: Oh, jeez, for the love of --

CALLER: Well, yeah. For the last two years, she went to -- she went to a little college in Idaho called Ricks for the first two years, and Utah State.

GLENN: Oh, yeah.

CALLER: And then she served a mission for our church in Brazil and came home, but then she went to Portland State University. And it just seems to have gone downhill from there.

GLENN: Yeah. Yeah. So, Dan, I think you are suffering from the same thing that almost all parents are suffering from. If you're not suffering from this, then, I mean, God bless you. You know, get on your knees and thank God. Because you are a lucky, lucky family. Everybody has in their family. I have it in my family.

And you have to ask yourself, what is your goal?

My -- what is your goal with your daughter? Your real goal?

CALLER: My real goal is for us to be united eternally. That's my goal. That's my goal as a father and has been to teach her --

GLENN: And how -- and how is that going to happen with politics?

CALLER: We just stay together as a family regardless of what politics does.

GLENN: That's exactly right. Exactly right.

I think we're in a place now where as parents, you can ask your kids, but it has to be honest. It cannot be trying to win. It has to be honest. How did you get there?

I mean, I remember. You know, we've talked about this before. And you didn't believe that before. What has changed?

Can you help me with that?

I would like to see what you're reading, or what that was.

And just ask questions. But they have to be honest. They can't be, you know, because I'm setting you up. Because I want to change your mind.

But keep a dialogue open with them. And just love them!

Just love them!

Because if you do anything else, you're going to drive them away. And then they're really lost. So just love them.

CALLER: Oh, I know that. Glenn, when she was young -- when she was young, I considered her one of the elect. And the Scripture says, that in the last days, even the elect are going to be deceived. And that's what I'm seeing. But everything you've said, I -- I am doing. I'm doing it that way. Because I know --

GLENN: Okay. Good. Then you didn't need to -- I appreciate it. I'm so glad you called me. But you didn't need to -- my advice, you already have it down. You're a very wise man.