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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.

RADIO

This Russian nuke warning is HORRIFIC… for an UNEXPECTED reason

Glenn Beck reviews a video of Aleksandr Dugin, known as “Putin’s brain,” warning that nuclear war is inevitable. But this warning from Russia is absolutely terrifying for another reason: it’s NOT REAL …

THE GLENN BECK PODCAST

Operation Fast and Furious: The TRUE Story of How the Feds were Running Guns into Mexico

The Border Crisis has been ongoing for years, and one of the biggest scandals was the ATF “gunwalking” scandal known as Operation Fast and Furious which occurred during when Barack Obama was President. Glenn Beck talks with John Dodson, the whistleblower who revealed the scandal to get the facts about what happened and why it was a flawed operation from its inception.
Watch the FULL Interview HERE

VIDEOS

Glenn Beck & Piers Morgan REACT to Trump's Iran Strike & What Comes Next

Glenn Beck joins Piers Morgan to react to President Trump's decision to strike Iran's Nuclear Facilities and what could come next with the conflict. Is this just the start of a larger conflict involving Iran, Israel and the United States, or will this move by Trump put at least a temporary end to the brewing tensions?

RADIO

Meet the pro-Intifada candidate NYC Democrats just elected

New York City Democrats just elected 33-year-old Zohran Mamdani, a "socialist Muslim", as the Party's candidate for mayor. But Glenn Beck argues that his radical beliefs are actually communist and Islamist.

Transcript

Below is a rush transcript that may contain errors

VOICE: Z10852. Something weird is going on. The World Trade Center is on fire.

VOICE: Seriously the top of the building. We're trying to get information.

VOICE: Top level of one of the --

VOICE: To unfold from New York City.

VOICE: A plane crashed just --

VOICE: My sister is in that believe. I hope she's okay. I have to come to New York.

VOICE: It's pandemonium.

VOICE: It's raining papers.

VOICE: Wait a minute! Stop just a second. Why are we -- why are we -- I've got breaking news. Breaking news, yesterday. New York City just elected as their mayoral candidate for the left. And the Democrats, a -- a Muslim radical, who is also a communist!

So, you know, it only took you 25 years. It only took you 25 years, New York, to go completely insane.

Somebody who is -- well, I mean, if I might quote Michael malice today. I am old enough to remember when New Yorkers endured 9/11 instead of voting for it.

But you've got a -- you've got a communist jihadist apologist now.

Who was -- you know, well, CAIR put $100,000 behind his bid for New York City mayor.

So you have somebody who is endorsed by CAIR. That's really good.

He also was somebody who said, you know, he was -- he was for the shooting of the United Health Care CEO.

Said he was looking forward to driving down magnum Joan avenue. I don't know. Sounds like supporting people in the streets. Maybe it's just me.

Then he also said that he was going to globalize the intifada, which I think that's -- maybe -- maybe that's just me.

I mean, what do I know?

Tim Miller who is a podcaster. Asked him a few weeks ago. Asked him about his pro Palestinian slogan. Globalized the intifada. And he said, for me, ultimately, what I hear in so many, is a desperate desire for equality and equal rights, in standing up for Palistinian human rights. Oh, is that what you hear, Mr. CAIR?

Really? Huh, that's interesting.

Right. So globalize the intifada.

I mean, I mean, sure, that's -- I mean well, let me go on.

Because I don't want to take him out of context.

He then delved into the semantics of the intifada, citing the United States Holocaust memorial museum's use of a word for a translation for uprising, in an Arabic version of an article, a museum published about the Warsaw ghetto.

Oh!

So this is just a comparison, about the -- the armed rebellion against the Nazis!

I don't know if that makes me feel better!

I mean, if we're globalizing that.

We're the Nazis in this scenario.

Because I don't think it's the Palestinians.

I certainly don't think it's anybody who is like, hey.

Global jihad. I don't think it's those guys.

Or the Nazis. Who are the Nazis in that?

And it seems, if that's what you mean, then it's not just a harmless kind of slogan about human rights. It is a call for violence on the streets.

Because I don't know if you know, that's what happened when the Jews had their uprising against the Nazis.

I'm just saying!

But, hey, hey, free Palestine.

Oh, that's not what that means, gang. That is not what that means, but don't worry about it. He's just going to be possibly the new mayor.

And that's great. By the way, the Columbia faculty members signed a letter defending Hamas.

They were also among the donors to his mayoral campaign.

So, you know, you don't have anything to worry about.

And his father, who used to work at Columbia. Do you know, Stu?

Is his Dad -- is he still a professor at Columbia University?

He said that -- this violent terror thing of Islam, is not a part of Islam. Now, I've read the Koran, and much of the hadith.

And I'm pretty sure the violence is a part of that. But no.

No. This is something entirely new.

And his father while at Columbia university, wanted everybody to know, that this is actually -- this is something that came out of America!

America is really responsible for this.

And, you know, it really started with the Reagan administration, you know, when he started -- when he started with his very religious terms, to finish the war against the evil empire.

So, you know, that's where -- that's where 9/11 came from.

Is what -- don't worry about it! Don't worry about it!

Because who am I? I'm clearly just -- am I an anti-Semite today, or am I an Islamophobic? I can't remember which one.

Oh, it's probably both. Anyway, Islamophobia. Let me just explain Islamophobia. I haven't even gotten to the Communist part of it. Which is really, really -- New York, you're in one for hell of a ride. Buckle up.

It will be a fun rollercoaster for you. My gosh, I've never been happier that I've been away are if New York.

Anyway, I just want I to know, there is Islam. And then there is Islamists. Now, an Islamist is somebody who really wants Sharia law.

That's political Islam!

That's not a faith. That's political Islam.

Now, let me make really -- something really clear. Criticizing Islamism, is not Islamophobia. Pointing out the dangers of, oh. I don't know.

Political Islam. The ideology that seeks to use the tools of democracy, ultimately to destroy democracy, is not an attack on Muslims.

No. Uh-uh.

You know why?

Because Muslims are often the first people in line.

The first victims of the ideology.

So let's draw a bright, bright line between Islam as a faith, millions of people can practice that faithfully and peacefully.

It's mostly peaceful, okay?

Then there's the Islamism.

Islamism is something entirely -- that's a political project.

A theocratic political -- oh. Left loves theocracies. They love it.

Of course, you never see a problem with it.

See it when an Islamist is touting it. Anyway, it's not about prayer. It's not about fasting. It's not about spiritual life.

It's all about power. It's about merging of mosque and state. It's about implementing Sharia, not as a personal code of conduct. But as a governing legal system.

And it's -- it's supremacy.

Absolutely. Faith.

Religion.

It's -- there's one thing that's supreme.

It's misogynistic.

Deeply intolerant of all kinds of things.

Descent. Secularism. Other faiths. Even competing interpretations from inside the faith itself.

It will behead them too.

So let's -- let's be honest here for a second.

You know, CAIR should be labeled an international terror organization.

In my opinion. In my opinion.

Oh, does that make me -- that makes me an Islamophobe. I'm sure. I'm sure they will start a campaign against me on being an Islamophobe.

Stand in line, guys. You've been doing it since 2001, okay?

I don't really care. And I don't think the American people. I think that record, all the grooves are worn-out on that one, okay?

This is not a religion we're talking about. When we're talking about Sharia law. And we're talking about globalize the intifada. What does that mean, actually, to globalize it?

Does that mean we now want to do what is happening to Israel? All over the world?

Has the Palestinian plight become our plight you now, as Americans?

That there has to be an intifada here!

Because it's the kind of the same. You know. It's kind of the same over, you know, with what the Palestinians are going through.

Well, it's very much like what the Jews went through with the Nazis.

That's a weird one. That one makes my head hurt. It's very much the same as that. And very much the same as the fight against Donald Trump.

Oh, this is going to be fun. It's fun!

Really fun. You know, the irony here is, the ones that will scream Islamophobia the most, are the ones in the progressive left, the champions of feminism, LGBTQ rights. And secularism.

They're going to -- no. You want -- they're going to stand with the people, who want to kill them first.

See, this is how smart they are!

This is why it's going to work out well, in New York City.

Let me just say. If you have an ounce of common sense, you run a business, you have an ounce of wealth. And I don't mean wealth like, you know, hey, Lovey.

Let's get on the boat for a three-hour tour with a suitcase full of cash. I mean you saved anything, anything, get the hell out of New York City.

I mean, this is about survival. This is about free speech. This is about women's rights.
Religious pluralism. Secular legal systems. Liberal democracy.

But it's also about failed principles of Communism. Okay?

First, you have to call out political Islam for what it is. Okay?

And we have to do it with the clarity that we call out white nationalism.

Got to do it with that. Got to -- you know, the Klan. Really bad people.

Really bad people.

Anybody who is shouting for globalized intifada?

Pretty bad. Pretty bad people.

Okay?

Now, let's get to communism.

Because that's another cool, cool angle of the new Democratic candidate for -- for mayor of New York City.

That I just -- I think is cuddly and cute. Sure, it led to 100 million deaths. But this time, New York is going to be radically different. Oh, did I use the word radical?

I didn't mean to use that. What's radical about this guy?

Nothing. He's just like you!

Well, not exactly.

But let's talk about communism, next!

Now, the new mayoral candidate that's running there in New York City. That so many young people rushed to defend and vote for. He's promising free buses.

That's going to work out.

Where are you going to get the money for free buses.

It's free!

City-run grocery stores.

Oh, rent freezes. And finally somebody has done it. A 30-dollar minimum wage.

So under the banner of equity. And, you know, we will tax the wealthy. And the corporations. You know, we're going to squeeze another $10 billion out of them.

Really?

Because they're going to call a U-Haul.

You know, they will call something like U-Haul. There will be a lot of -- there will be a lot of movers that are like, how do I get the truck back from Texas or Florida back up to New York? Nobody is moving up there.

But he's going to do it.

Now, his vision isn't really new. You know, just -- just tax people, so we could have city-run grocery stores. You know, I remember -- I'm old enough to remember those city-run grocery stores in Moscow.

They were great.

The shelves were empty.

But that's just Moscow.

It worked out completely different in Venezuela.

Where, oh, no.

It didn't. That's right. The grocery store.

They were eating the zoo animals.

But it will be different in New York.

Because they have rent controls too.

And that will just choke the housing supply, but don't worry. As a young family.

You know, you voted for it.

You know better.

It will work this time.

So, you know, I like building ideas, I just don't like usually building on the graves of 100 million people.

But, you know, why not? Why not?

You know, use this dogma.

And this time, it will be different. It's not like it was in China. Where the great leap forward, was a gross -- a gross parody of progress. Venezuela, which was oil rich. One of the richest nations in the hemisphere now sees 90 percent of its population in poverty!

Yeah. Darn it. You know what they did?

They decided to take state control of things.

You know, like grocery stores. And it worked out well. How is that free busing working out in Venezuela?

I just want to -- I just want to know.

Anyway, then you've got the globalize the intifada. Which is going to drop a little violence in, and anti-Semitism in with your communism.

Which is weird!

Because violence and anti-Semitism, always happen. When it -- when it comes to -- when it comes to communism.

This is weird!

I've got to play something for you. Because this has talked about on me earlier this morning.

Oh, wow.

Wait a minute. This is -- this is the whole coalition coming together here.

So this is going to be good. New York, this is going to be great.

It's going to be great for you.

No. He's going to uplift you. Then the social fabric of New York City is just going to be -- just one.

It's going to be fantastic. Don't worry about your 120 billion dollars in debt. Or your 10 billion-dollar deficit that you have right now.

You are going to charge the rich more taxes, and they will stay right there.

They will be like, you know what, that 46 percent in taxes that I'm paying, this is just not enough. It's just not enough.

I need to pay 60 or 70 percent to be able to pay my fair share. So that's good. That's good. That's good.

You know, they're not risking 100 million people. It's just 8 million people.

This time, it's just 8 million people.

But, hey. For those of you in upstate New York. That aren't going to be part of this experiment.

Don't worry, you get to pay for it. Because they'll kick it up to the state. The state will have to subsidize everything. And don't you love it?

Really, don't you want to subsidize the really crazy ideas of New York City?

I mean, why don't you have a -- why don't you have a democratic socialist. A/k/a communist mayor.

Why haven't you done that? Are you not progressive enough? Are you not looking into the future?

Are you stuck in the past?

I don't know. I don't know. The graveyard is pretty big. I have a hard time getting past that one. You know, yeah, so I'm stuck in the past. Because I can't seem to pass that graveyard, and get to be down the path with you. But it's going to be a paradise.

Forget arithmetic. You know, or human nature. This time, it's going to work. It's going to work. So all right!

Wish I lived in this morning.

No wait. Nope. I don't. Nope, I don't.

And Ted Cruz, stop it. Stop writing, hey, come to Texas. No. No. Don't come to Texas. Don't come to Florida. Go to California. It's beautiful this time of year. Go there. Go there.