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What’s inside Biden’s massive, 5.8 TRILLION DOLLAR budget?

President Biden presented his budget proposal on Tuesday…all 5.8 TRILLION DOLLARS of it. Congress eventually will pass its own 2023 budget, but that doesn’t mean Joe’s monetary desires will go completely unanswered. So, Glenn breaks down EXACTLY what’s inside this HUGE request. From new taxes on America’s most wealthy and additional resources for local law enforcement, to a ‘placeholder’ for Biden’s Build Back Better agenda, this budget would stretch America’s deficit to all new highs (which it already is…).

Transcript

Below is a rush transcript that may contain errors

GLENN: Oh, this is so good. This is so good. Now, if you're thinking, how am I going to make ends meet? What? The cupboards are almost bare. I want you to know that the government is there to help. Joe Biden has just pitched a $5.8 trillion budget. And included in it, is the largest tax hike in history. So he's there for you. He's there for you. It's -- you know, it's -- it would be part of -- part of a new tax code. It raises the rates on corporations, and ultra wealthy Americans. And I'm glad, because I can't tell you how many jobs I've had from poor corporations.

STU: Oh, yeah.

GLENN: And poor Americans. I met this guy, who had just come here from America. He was standing out in front of Home Depot with a sign. And I started talking to him. And he offered me a job. I got a job. It was well-paying. Had really good benefits. It was really good. Really good.

STU: That's how most big tech companies start, from the Home Depot parking lot in the back of a truck. That's how the i Phone started.

GLENN: Yeah. They're like, this is what you do. On Saturday, you get a truck. And you drive up, and you say, who can offer me a job? And then they all get in the back of your truck. And you bring them someplace. And then, you know, you haggle.

STU: Two weeks later, you have Johnson & Johnson.

GLENN: It is. It's amazing. So the president laid out the tax hikes. As part of his $5.8 trillion blueprint for federal spending, in 2023. Which begins in October.

The higher taxes will be borne mostly by Wall Street. And the top sliver of U.S. households. I mean, right?

STU: Always the way it happens.

GLENN: Right. The Democrats hate Wall Street. And giant corporations. They just hate them, you know. Oh. It's weird though, how they're all lining up to do the White House's bidding, but we're going to get them this time. So he said, we're reducing the Trump deficits and returning our fiscal house to order. This budget is making prudent investment and economic growth. A more equitable economy, while making sure corporations and the very wealthy pay their fair share. Amen to that.

STU: Hmm.

GLENN: So let's see, he has a $5.6 trillion budget. But his billionaire minimum income tax, will raise $361 billion in revenue. Over ten years. Over ten years. 361 billion. Which is only a third of $1 trillion. We're spending 5.6 in one year. 361 billion, one-third of a trillion, which is one-fifth and a half of what he is spending in one year. That -- that's raised over ten years. So I understand the math. Come on. Did you not get Common Core math. The wealthiest Americans will be required to pay a tax of at least 20 percent. And that will be from the combination of wage income. And whatever they made in unrealized gains. So it's really great. Because they -- these people have soaring assets, you know. The value of their assets are just going crazy. Now, yours aren't. I mean, if you own a home. And you bought it 30 years ago, I'm sure it's exactly the same price as it was. Now, imagine at the end of every year, they come to you, and go, hey, your house is worth $50,000 more. So we need five grand for you. Because, you know, your house is just going up and up and up. And it will never go down. So you could cough that up. What happens if your house went up, you know, $100,000. Wouldn't it be great, if they said, hey, you owe us ten grand, this year. Who knows what you'll owe next year. Because everybody has that ten grand laying around the house, you know. Everybody is like, oh, my house could go up. And I'm not going to sell it. But I should pay the federal government for what it increased. Now, there's no -- there's no tax refund, when your house starts to about it down. But don't worry about that. This is only for the rich. The very rich. By the way, he also, because he is definitely for the police. Definitely for the police.

STU: Hmm. That one has definitely been run through the focus groups. You can tell that any opportunity he has now to say, I don't want to defund the police. What are you talking about? He's run from that position, as quickly as they should. They should have never been there in the first place.

GLENN: Well, he said, they never should have said that. Then when you read the article. You realize, yes, he did. You just have a different interpretation. You keep using that word. I don't think it means what you think it means. So you've -- so you've got that going. Now, there's nothing better than getting the federal government to mainline our police. You know, having the local police just hooked on federal money. Wouldn't that be great? And they've expanded the discretionary spending. Which would increase the resources for federal prosecutors. Love those guys. And give additional resources to state and local enforcement, to put more police on the beat. Now, some would say, hmm. I don't really want to be addicted to the federal spending, when it comes to the police. Because when the federal government says the police should do something. You know, the towns that aren't really paying for them now. Would go, we got to do it. Otherwise, they'll pull all the funding. And we don't have the money to keep our police. But don't worry, that's never going to happen. Never.

By the way, in there too, is kind of some weird wording. Well, it's a place holder, for his Build Back Better agenda. You know, just like, hey, we also have this one. But I haven't had time to work it out. So just put this place holder in the budget. Which is great. Hi, Pat. Pat Gray from Pat Gray Unleashed has just joined us.

PAT: Yeah. Running a little late because of overtime.

GLENN: Games every morning. Cutting it close.

PAT: Yeah.

GLENN: So how much do you love this?

PAT: The new budget?

GLENN: Oh, yeah.

PAT: Oh, my gosh. I love it so much.

STU: Oh, really? See, I thought you wouldn't like it. Because there's a lot of spending, there's tax increases throughout it.

PAT: Really? I know. Just the largest in American history though. That's not bad.

STU: But you like it?

PAT: You know, I love it. I love it. Because it's going to lower the deficit. Did you not know that? Like, we're spending 6 trillion to lower the deficit.

GLENN: No, no, no. The deficit -- let's make sure we understand the deficit. The definition of the deficit, versus the definition of the debt.

PAT: Yeah, the deficit is the debt you run up every year.

GLENN: Yeah. It's the --

PAT: The budget shortfalls every year.

GLENN: The budget shortfalls. So what we don't have every year, we're reducing that, but he's the first one. And I like this. We're going to be -- the first president in history, to lower the deficit by over a trillion dollars in one year.

PAT: Yeah. That's because we've never had a deficit that large before.

GLENN: Well, it also -- it's not declining because of anything that Biden did. But because of the $5 trillion in COVID-19 relief funds have already been disbursed. There's no more.

PAT: So ridiculous.

GLENN: $5 trillion. And I'm going to -- I'm going to lower that by a trillion. I don't know. Wait. Last year, it was like 2.5 trillion. You couldn't -- you couldn't lower it by 2.5 trillion? Because that was all free money for emergency.

STU: Yeah. They're picking up the covid spending, with most of it, they're picking up with other spending. That will go on forever. Right? New programs and new things like that. You know, when Barack Obama ran for office. The budget was $3 trillion. And it went up, through the Obama era. 3.5. 3.7. 3.9. Trump takes it 4 trillion, 4.1, 4.4, 4.8.

And then Biden, 4.8. And then now 5.6, he wants. So we've gone -- we've doubled -- doubled from 2008 basically our spending, 2008.

GLENN: Wait. Wait. But look at how great things have gone.

STU: That's true.

GLENN: I mean, they've gone from 3 trillion to 6 trillion.

PAT: Yeah.

GLENN: And with those 3 trillion extra dollars.

STU: Things are much better.

GLENN: Like, do you remember the days when people used to have to say, hey, we need more money to fix our infrastructure. It's fixed now, isn't it?

STU: Yeah. It's great.

GLENN: Those roads and bridges are great.

PAT: And how about the beautiful airports we now have, to rival China and Europe? The beautiful, beautiful airports.

STU: Everybody has health care that they're thrilled with.

GLENN: Thrilled.

PAT: Nobody is unhappy with their healthcare.

GLENN: Nobody has turned away for anything.

STU: No foreign concepts. I'll tell you that much. You don't have to worry about that.

GLENN: No. We have that under control.

STU: That's all under control now.

GLENN: We are on track.

PAT: And inflation, completely under control now. That's the beauty of all of this.

STU: Oh, yeah.

GLENN: Can I ask you a question: Why do we still listen to these people. How is it that there are so many Americans -- I don't care what side you're on. So many Americans, who have listened to this now, forever. And are like. Yeah. Yeah. Well, at this time. They're going to fix it. If I just elect them this time. And we spend this amount of money, this time. We won't have to spend this amount of money, later.

PAT: Uh-huh.

GLENN: We'll fix it this time. I've heard that my whole life. And it's been a crisis since 2000. I can't take it anymore. Because it's all lies! That's why they about it for the youth. Because the youth is like, oh. I've never heard that. Well, that would be great. And then by the time you're 40, you're like, I can't -- I can't take them. Please, somebody wake me up from this -- is Will Smith here, will he just slap me across the face. What is happening?

PAT: And I get -- I get frustrated with that too. But then I realize, I see the polls. And I realize, there's not that many. Not as many as we think, that are buying this. They're not -- they're not buying what he's selling.

STU: They're seeing through this.

PAT: Yeah. They are.

They're realizing, that it's not Putin's fault for the inflation. Because it's been going on since he took office.

It's not Putin's fault for the gas prices, because it went up 48 percent, year to year, before the invasion. And they're -- they're starting to realize, that he's a lying sack.

STU: Yeah. And look, there is a partisan floor, with these polls. Let's say 30 percent, to be aggressive. You really can't go lower than that. Even Richard Nixon he's getting thrown out of his office, he's at 30 percent. I mean, he still had a 60 or 70 percent approval rating among Republicans when he was thrown out of office.

GLENN: That's crazy.

STU: I mean, there's just a partisan. And I think it's much worse than that era. A partisan tilt to those polls. That, you know, his floor is probably low 30s, at the worst.

PAT: Yeah. Thirty to 35. Maybe.

STU: He's already in the high 30s. And he's falling. And he's behind every other president, at this point in his administration. The only one he's close to is Trump. Which, of course, is sort of a different situation. He came into office, already, you know, in a very conflicted place with the American people. He was never popular. He didn't get that honeymoon that most presidents get.

PAT: Well, he did have a chance with the media.

STU: That started with day one with Trump. We know that he was a different president certainly. But every other president in American history, that we have polling on, Biden is doing worse than. And, you know, they call Donald Trump like the worst president in history. And he's right there with Donald Trump.

GLENN: Can I tell you why that's happening, sincerely? It's because the people have become so divisive, that they just don't want a uniter like Joe Biden.

PAT: Is that what it is? Wow.

GLENN: Yep. Yep. Well, that and Donald Trump.

STU: Well, why is Donald Trump brought up?

PAT: And don't forget Vladimir Putin.

GLENN: Yeah. Vladimir Putin, Donald Trump. And a little bit of Ruther B. Hayes. Just a little bit.

PAT: Damn, Ruther B. Hayes.

STU: Ruther B. Rutherford B.?

PAT: Yeah, I ran it all together. It didn't really --

GLENN: Yeah. It's -- wow, we're still feeling the effects of that administration.

STU: Because usually when there's a big foreign conflict, like with Putin, you have a bump in your approval rating. Because people are like, well, I'm going to side with the president. I'm going to jump in there. It seems now, he's done such a good job. That's not happening. He's still falling.

GLENN: Echoes of Ulysses S. grant. And his administration.

PAT: Somebody had to say it.

GLENN: Somebody had to say it. He was a Republican. What, you expect to recover from that right away.

PAT: No way.

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The Glenn Beck Program Honors Charlie Kirk

Join Glenn as he goes live to honor the memory of Charlie Kirk. A time of prayer, grieving, and remembrance for a husband, father, and patriot.

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Glenn joins Megyn Kelly live to discuss Charlie Kirk shooting

Covering the breaking news of Charlie Kirk at shot at Turning Point USA event.

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Please pray for my friend Charlie.

Please pray for Charlie Kirk.

Please pray for our Republic.

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Exclusive new poll reveals why Gen Z wants to BURN the system down

A shocking number of young Americans support BOTH President Trump and democratic socialism, a new poll has found, and they're willing to make major changes to the American system to get what they feel they deserve. Justin Haskins, who conducted the poll with Rasmussen, joins Glenn Beck to break down the unexpected findings…

Transcript

Below is a rush transcript that may contain errors

GLENN: Justin Haskins. He's the president of our republic. StoppingSocialism.com. He's editor-in-chief. And also the coauthor of several books, with me. Welcome to the program, Justin.

How are you?

JUSTIN: I'm doing well, Glenn. How are you?

STU: Well, I was well, until you contacted me on vacation, and sent me this disturbing poll.

I am in bed at night.

And I'm reading this. I'm like, oh, dear.

What? My wife is like, I told you to not check this email. I'm like, I didn't know Justin was going to write to me.

Justin, tell me, first of all, before we get into it, how secure is the sample size on this poll?

JUSTIN: It's a very good sample size. 1200 people nationally.

Only 18 to 39-year-olds. And we did that deliberately, so that we could get a sample size large enough so we could pull out valid responses, just from younger people.

So the whole purpose of this poll was to find out what younger people, 18 to 39 think, voters only. And people who say that they're likely to vote. So we're not talking about just people out in the public. We're not talking about registered voters.

We're talking about people who are registered to vote. And say they're likely to vote.

GLENN: So let's go over some of the things that you have already released to the press.

And that is, in the survey, 18 to 39-year-olds, likely voters.

The Trump approval rating is a lot higher than you thought it would be. Right?

JUSTIN: Yeah. Yeah. Forty-eight percent positive approval rating of Donald Trump, which for young people, is very high.

So that's -- that's the good news.

That's the only good news we're going to talk about.

GLENN: We might have to come back to that first question several times.

Do you believe the United States is a fundamentally good, evil, or morally mixed country?

JUSTIN: Yep. This one is not too bad.

It's not great. But fundamentally good was 28 percent.

Which is low. But mixed was 50 percent.

And fundamentally evil was 17 percent.

And I think mixed at 50 percent is not an unreasonable, crazy response.

I -- I can see why all sorts of people might choose that.

So I don't think there's anything terrible here. It depends on what you mean by mixed. Fundamentally good at 28 percent. It's a little low. Fundamentally evil at 17 percent, it's a little disturbing. But it's not -- it's not insane. The insane stuff comes a little bit later.

GLENN: Do you agree or disagree with this statement? Major industries talk about the crazy stuff coming later, here it is.

Major industries like health care, energy, and big tech should be nationalized and give more control and equity to the people.

JUSTIN: Yeah. This was -- this was -- this one floored me. If I look at strongly agree. Somewhat agree for that statement you just read. It's over 70 percent of young people, including -- including the vast majority of Republicans. Young Republicans. And people who identify as conservatives.

It was pretty similar, in fact, how young people responded compared to liberals and independents.

And Democrats.

They all pretty much agreed that, yes. The government. The federal government should be nationalizing whole industries to make things more equitable for people.

GLENN: As the guy who is the chief -- editor-in-chief of stopping socialism. What's the problem with nationalizing energy, and health care?

JUSTIN: Well --

GLENN: What happens, typically.

JUSTIN: Well, usually, there's blood in the streets, when you do too much of that.

You know, socialism, communism have been spectacularly horrible, throughout the course of human history. Across every society, culture, religion.

It doesn't matter when or what kind of technological advancements you have. The more you collect vies a society. The more authoritarian that society gets. The less you have individual freedom. And the worst the economy usually is for regular people. So it's been a catastrophe across-the-board. Everyone listening to this audience, probably knows that.

And so the idea that you would have three-quarters of young voters. So remember, these people will be the primary voters in ten to 20 years.

GLENN: Uh-huh.

JUSTIN: Saying, yeah. We should be nationalizing whole industries. Whole industries, is so disturbing.

And I don't think that conservatives are -- understand how deeply rooted some of these ideas are with younger people.

GLENN: No. No.

And I will tell you, I think some conservatives are walking a very dangerous line. And, you know, coming up with a little mix of everything.

And -- and I think we have to be very careful on -- on what is being said. And who are WHO our friends and allies are.

By the way, that number again is 39 percent strongly agree.

37 percent somewhat agree.

Somewhat disagree, 12 percent. Strongly disagree, 5 percent.

That is disastrous. Now, try this one on. These are the ones that have been -- we have new ones.

These are just a few of the ones that were released late last week. The next presidential election is in 2028. Would you like to see a democratic socialist candidate win the 2028 presidential election?

JUSTIN: Yep, 53 percent said yes.

Fifty-three percent of all voters said yes. And the most shocking thing, was that 35 percent of those who we poll, who said they voted for Donald Trump, in 2024, said that that they want to see a socialist win in 2028. And so about a third of Republicans, 35 percent of Trump voters, 43 percent of people who call themselves conservatives, so even on the right, among younger people. There is a large group that want a socialist president, in 2028.

GLENN: And the reason -- the reason is, it -- it tied into the next few questions. Okay.

So here's question five. Among the following options, which best describes your biggest reason, you would like to see a democratic socialist candidate. Thirty-one percent said housing costs are too high. Twelve percent, taxes are too low for corporations. Eleven percent, taxes are too low for wealthy have I seen.

Eight percent want single payer health care systems. Seventeen say the economy unfairly benefits older, wealthier Americans.

Fifteen percent say the economy unfairly benefits larger corporations. 5 percent, some other reason.

And 2 percent, unsure. Now, let's get into the new polls that were breaking today.

Question six.

How would you describe your current financial situation?

JUSTIN: Yeah. Only 24 percent said that they're doing well. Thirty-four -- 38 percent said getting by. Struggling 29 percent. Seven percent said in crisis. So if you add up just getting by, struggling, and in crisis, that's 74 percent said that they're just barely getting by, at best.

And I think that explains a lot of the other negative responses we've seen so far.

GLENN: That's not good.

JUSTIN: In this poll. And the ones that are going to come pretty soon here.

GLENN: Seven. Which best describes your personal life situation?

You are thriving, you're doing well with a few ups and downs. You feel stuck and uncertain. You feel lonely, disconnected, or emotionally drained. You're in a crisis and feel most negative about your personal life.

JUSTIN: Yeah. Yeah. About a third said that they feel stuck or uncertain. Lonely. Or that they're in a crisis.

That's a third of young people. Say that.

I mean, that's -- that's not great. Only 19 percent said thriving.

46 percent said, they have ups and downs. Which I think is not. Too shocking.

But the idea that there's a third of American voters out there, who feel like, they can't buy a home. And they feel like they are lonely. And that they're in crisis. And that life is not just going well at all for them.

Again, I think that's -- that's driving a lot of the support for socialism. When you have 53 percent of these people saying, yeah. I want a socialist president in 2028.

GLENN: So socialism is not the answer. It is the symptom. It is the symptom of what people are feeling right now.

And they -- they don't know any other -- they don't -- nobody is presenting them with anything other than, you know, Republican/Democrat bullcrap. And socialists are coming at it from a completely nigh angle. Or so the youth think it's the oldest and most failed system of all time.

But they're seeing this as a solution that is different than what the party -- the Republican/Democrats are offering. Even though the Democrats are offering the socialism thing.

Number eight, do you think the American economy is unfair to young people?

Sixty-two percent say yes.

JUSTIN: Yeah, and 27 percent said no.
And I think that this really gets at the heart of what the issue is here.

When you look at the reasons. When you look at the detailed things of the poll.

What -- to try to find out if there's an association between some kind of demographic or response question about people's lives and their support for socialism, to see if there's a correlation there between something that is happening. And whether someone is a socialist or not.

One of the top correlations, connections, is, if people think the economy is unfair.

And if they're having trouble buying a home. Or they don't think they can buy a home. Or that's one of their reasons for supporting socialism.

So, in other words, there's this fairness issue. And it's not even about inequality.

It's not about, well, they have too much -- well, if they feel like the -- to use a Trump term. Rigged.

And throughout the data. That's what we see over and over and over again. Is lots of people say, the economy is rigged. For older people. For wealthier people, for corporations. It's rigged. And if they say, yeah. I think it's rigged, you know, then they're more likely to say, yeah. I want a socialist.

And I also think the same group has a relatively high approval rating of Donald Trump.

It's because the reason that a lot of young people like Trump in the poll, is that he's not part of the establishment.

And I think -- I don't think they -- I think a lot of young people who voted for Trump and who liked Trump, they didn't do it, because they liked free market, pro-liberty policies. And that's not a good thing.

But I don't think that's why they did it. I think a lot of them voted for Trump and supported him, because he's not the establishment. And that's what they don't like. They want to blow the establishment up.

JUSTIN: So my -- Justin, my sample size is my two young adults. My two children.

And they're like, talking to me, and saying, Dad. I will never be able to own a home, looking at the prices, looking at interest rates. They're like, I can't even afford to pay rent at an apartment. And they don't know what to do.

GLENN: Uh-huh.

JASON: And so they're looking at -- on, like, TikTok. And they're like, who is this Mamdani guy? This sounds interesting. They bring this to me. They grew up listening to me indoctrinating them their entire lives. They're looking at other voices like on TikTok. Are we just not being loud enough?

GLENN: No. We're not -- we're not connecting with them. We're not -- I feel like they don't feel they're being heard.

And we are speaking to them in red, white and be blue.

And that means nothing. The Statue of Liberty means nothing to them. Ellis Island means nothing to them. The flag means nothing to them.

It's all partisan politics.

They're all symbols of really, the two parties.

You know, and an America, they don't relate to at all.

I think that's -- that's our biggest problem, and not being able to break through. To your point, question nine. How confident are you that you will own a home at some point, in the next ten years?

29 percent say, they already own a home. Which I found interesting. That's -- I think a pretty high number for somebody who is 18 to 34 years old.

JUSTIN: Thirty-nine.

GLENN: Thirty-nine.

JUSTIN: Yeah.

GLENN: There's a lot of 18 to 30. That I didn't own home when I was, you know, 30. Just got a home when I was 30. But go ahead. Go ahead with the rest of that poll.

JUSTIN: Yeah. So then 21 percent said discouraged, but somewhat hopeful. 12 percent said, not confident. 10 percent said, you are convinced you will never own a home. 3 percent not sure.

So if you add up the negative responses, it's around 43 percent that gave that response.

GLENN: Right. But, again, 29 percent, you already own a home. And 25 percent you are confident you will own a home, is still good. It just -- these -- these other numbers, have, you know, discouraged, but hopefully you will own a home. Who is discouraging that? And how is that being discouraged?

You know, only 12 -- let's see 12. Twenty-two. 25 percent are not sure they will ever own a home. That's too high of a number.

But I -- I don't think that's completely dismal. Now, a completely dismal answer, to the question, would you support a law that would confiscate America's excess wealth?

Including things like second homes. Luxury cars, and private boats, in order to help young people buy a home for the first time?

Are you for or against that? We'll give you that number here in just a second.

GLENN: There are some disturbing results, that get very disturbing, going from here on.

We've got two of these today, and then more tomorrow.

We'll spend more time with you tomorrow, Justin.

But would you support a law that would confiscate American's excess wealth, including things like second home, luxury cars, and private boats in order to help young people buy a home for the first time? Get the results.

JUSTIN: Yeah, 25 percent strongly support that, 30 percent somewhat support it, 55 percent in total for support. Only 38 percent strongly or somewhat oppose, with just 20 percent saying strongly oppose. So the vast majority now is -- is supporting this Communistic policy to confiscate people's wealth in order to help people. Younger people buy homes, which is in line with that question, we talked about earlier. Where it said, you know, three-quarters of these respondents wanted to nationalize whole industries to make things fairer. So it's all about -- it's all about this sense of unfairness that exists.

GLENN: Uh-huh.

JUSTIN: And they feel like. Young people feel like the system is rigged. They feel like neither party is on their side, and they want to blow the whole thing up, by just taking wealth away from people, nationalizing whole industries, and redistributing it all.

And guess what, that's basically the democratic socialist platform. So it's not a surprise that that's -- that's becoming increasingly more popular with these young people.

And I don't think that free market, pro-liberty people are dealing with -- with this.

GLENN: No.

JUSTIN: In a real way.

In fact, I think a lot of us have believed recently that the wind is at our backs, and we're actually winning more and more young people over.
And that isn't what's happening according to the poll results.

GLENN: It explains why the Democrats have not moved their position off of the socialism stuff.

Doesn't it?

We keep saying, why? It's not working with anybody.

It is working. It is working with people under 39.

18 to 39-year-olds are hearing this message, and are embracing this message.