Student loans & Ukraine: Did DC forget how inflation works?!

It seems most politicians in DC forgot how inflation works. Because despite the fact that we have too many dollars chasing too few goods, they CONTINUE to spend into oblivion. The latest? Student loan debt forgiveness AND additional military funding to Ukraine. They’re being ‘morons’ about money, Glenn argues, and it seems there’s not a single ounce of common sense left…


Below is a rush transcript that may contain errors

GLENN: So there's a couple of things, you know. Stu, what is the technical definition of inflation?

STU: Well, we always say, too many dollars chasing too few goods.

GLENN: Too many dollars chasing too few goods.

STU: Right.

GLENN: Okay. So like I'm just going to use this as an example. And I don't think this is right. But correct me.

Like if you have a supply chain breakdown.

STU: Uh-huh.

GLENN: And you can't get the goods.

STU: Right.

GLENN: Or if you don't have people going to work, because the government is paying for them. So you can't get people to fill the jobs.

That could end up in too few goods?

STU: Hmm.

GLENN: Right?

STU: Seems that way.

GLENN: Okay. And then too much money. I -- I mean, is that when the government just spends money, that they don't have, and just prints money? They're printing too much?

STU: Yeah. You were to flood -- flood the society with printed dollars.

GLENN: So that's the actual economic definition of inflation.

STU: I mean, it's technically the cause of -- the definition is the increase of prices. But why does that happen? Well, too many dollars. Chasing too far goods.

We should send that to the White House. Because I don't think they understand that.

STU: Hmm.

GLENN: They've just paid off the loans for another 500,000 ketos.

Now, I don't know about you. But I went to one semester of college. At 30. Because I couldn't afford more. So instead of getting strapped with debt, I read 7,000 books, in ten years. I educated myself. Would I have loved to go to school? Yeah. I was going to school at Yale. Would have been nice. Glad I didn't, now in retrospect. But couldn't afford it. One semester.

Why is the guy who went to college for one semester, because he couldn't afford it, and didn't teal that it was the responsible thing to take out loans, to go to school, why am I now paying for someone else that I don't know, through my tax dollars paying off a loan for an education, I most definitely do not agree with?

Well, I'm sorry. Oh, we were talking about inflation. What happens when you pay off everybody's student loan like that? Isn't that a giant flux of --

STU: Well, because the theory is, right?

If you have a situation.

GLENN: Uh-huh.

STU: Where you're worried the economy is overheated. Right?

That's what they're worried about, with inflation. They're saying, the economy is overheated. We need to raise interest rates, to cool the economy town.

GLENN: To try to choke back some of the cash flow.

STU: Because the inflationary problem is real. So you wouldn't want to introduce let's say, a brand-new stimulus program into the middle of that. Obviously, that would be completely insane.

GLENN: Well, they're all college educated. So they will take that monthly debt, that they use to have to chip away at. And they'll just take that, and I'm sure they will save it in a box. They won't even put it into the bank. The bank could reuse to loan other people. They'll just keep it in a box.

STU: When you have too much money, chasing too few goods, what you don't want to do necessarily is -- send a bunch of people, who are already wealthy.

A -- a bunch of money, so that they can spend it, and make the problem worse.

And the reason we know this is a stimulus program, Glenn.

GLENN: Uh-huh.

STU: Is because this is precisely how the administration sold the idea, when they came up with it, like a few months ago. When they were saying, what we need to do, is we need to release these people from student debt. And it will stimulate the economy.

They told us, it was a stimulus program.

GLENN: Will you do me a favor? Will you do me a favor?

Write down that definition that we just -- will you just email the White House?

STU: They probably just don't know.

GLENN: Yeah. I think so. Because they say, it's Putin causing the inflation.

STU: Yeah. The Putin pricing. Oh, no.

GLENN: You've heard of it.

STU: I've heard of it.

GLENN: So let me ask you this: Speaking of the Putin price hike, I have a couple of questions on this one.

Biden just announced another $700 million in military aid for Ukraine.

Now, first we sent over 3 billion. Then I think we sent over 10 billion. Then we did another, what? Forty-one billion?

Right? So that brought us up to $58 billion. And then, by the way, how much do we -- because this can't even be close to what he send over to evil Israel. Who gets the lion's share of all of our money. We're always helping Israel out. And sending all kinds of money over to Israel. To build up their Zionist army. How much is that?

STU: About 3 billion.

GLENN: I'm sorry.

STU: Three.

GLENN: 3 billion.

That's a month. A week.

STU: A year.

GLENN: $3 billion is what we send over to evil Israel, that just has to stop. Okay.

STU: Uh-huh.

GLENN: And we've said -- now, about $60 billion, over to Ukraine. Which is not in the accounting world. Let me put it that way. Some might say it's corrupt. I say, just bad accounting. Hey, it happens. So 60 billion, and then, yesterday, just a week after we sent another like billion dollars. Which the week before, we -- we sent $41 billion. We decide, Biden said yesterday. Hey, we have to send him another $700 million.

Can I ask a question?

Either what's happening to the money that we've already sent. Or are we this bad at numbers, to where we're like, hey, the White House is asking for 30. And the Democrats and Congress go, no.

We're going to make it 40.

And so they give them an extra 10 billion.

And then he's like, oh, but I need one more. A week later. I need 700 -- isn't this like a teenager?

Wouldn't you start questioning your teenager? If they came to you and said, hey. I -- it's really important I get an education, right?

Yes. Well, it's going to cost 250,000 dollars. For a four-year education.

And you're like, okay. Well, you don't have to work for it at all. I'll just write that check. And they come back and go. Oh, there was more in tuition. I need -- I need actually 500,000.

And then you would say, I'm going to give you 700,000. And then a week later, they come back and about it, I need -- I need another 2500. Okay.

And then the next week, I -- I need another 5,000.

At what point do you realize, you're a moron, or your kid is jiving you. At what point?

Now, I know that what works in your house, isn't the same as it is in Washington. I know for a fact that the things that work in your business, those principles don't apply for governance. And I'm sure, if you did that with your kid, you know, you might just keep writing that check, and then go broke because you're a moron.

But I'm sure they would never -- your boss would never question. Right?

If you're making a pitch to a client, and you're -- and they say, well, how much -- how much is this going to be?

And you say, oh, I don't know, 30,000. And they for some reason, somebody at the desk goes, you know what, I'm going to give you 40,000.

Yeah. But it's 30,000 that I was -- I want you to have 40,000. You just make sure everything is covered. Okay. Thank you. That's nice.

And then you get to 60,000. Okay?

And then you just ask for more money every single week.

At some point, doesn't someone in the boardroom, say, what the hell is going on here?

Well, it's just these printing costs. They just keep going up.

Uh-huh. Uh-huh.

I don't think so.

You didn't foresee that? You didn't foresee?

Because we padded this with an extra ten billion dollars. And you keep telling us, the war is going so great. What are you spending the money on?

By the way, we're sending them our old stuff. So it's not like they're buying new stuff, from, you know, Ratheon.

We're not sending them the best and the newest and the latest. No, no, no, no.

We're sending them our old stuff, along with our money. And then, because we're depleting our stuff, we also get to buy the latest and greatest, and, yes. It's going to cost a few dollars more.

But we can afford it. I mean, you're saving money. By buying this equipment.

Oh, my gosh

How dumb -- how tunnel are we, America?

At what point do your neighbors wake up and go, yeah. This doesn't make any sense. At what point do we stop playing politics?

I don't give a flying crap if it's a Republican or a Democrat, or a flying squirrel!

I don't care. Does anyone have an ounce of common sense?

I'm not sure. It might just be you and me.


'This is how I spend my vacation': Glenn gives behind-the-scenes look at new radio theme recording

If you have ever wondered where Glenn gets the music for his radio show or assumed he used pre-made stock music or cheap computer software, now you know, it’s the real deal. Glenn's vacation technically started this week, but that couldn't keep him away from his natural habitat—the recording studio—where he spent several hours working on an updated radio theme track with pro composer Sam Cardon and Millennial Choirs & Orchestras (MCO).

Glenn was looking for something that sounded more urgent, and from the preview Glenn shared, it sounds like the creative team nailed it. The epic score sounds like it would easily feel at home in a Lord of the Rings or Star Wars film.

The new theme will be on air at a future date, but if you can’t wait, make sure to watch the video for a sneak peak!


Glenn's message to his son's birth mom: THANK YOU

‘I truly thank God for living in these times,’ Glenn says. ‘Look at the miracles that are happening,’ he adds, just moments after the Supreme Court ruled to overturn Roe v. Wade. No matter how much America changes, it’s still the greatest place on earth…and the Supreme Court victories we’ve witnessed in the last week — by justices who truly value the Constitution — prove it, Glenn explains. But there’s still work to be done. Glenn shares a story about his son’s birth mom — a teenager who decided to give her baby a chance to live — and he gives a message for us all: Now is a time for compassion toward ALL pregnant women, no matter the decisions they make...


Below is a rush transcript that may contain errors

GLENN: You know, I -- I just walked outside. I have a barn here on the ranch. And it's where my broadcast studio is. And I just walked out to get some fresh air a few minutes ago. And it's -- this is a day that you will remember where you were. Whatever side you were on, you will remember this day. And I walk outside, and my son and another guy standing by this enormous tractor. And he is hitching it up to a trailer. Because they're moving a bunch of logs from one field to another, because they're building a corral. And I don't have my glasses on. And I'm looking. And I'm like, is that Raphe? And I can't -- I'm not sure. Because he's a man. This is the first summer, where he's up here. And he is a man. And it was an interesting thought to have about my son. Who now, in a couple months. Eighteen years ago. A very brave young teenager decided not to have an abortion. Decided that he had nothing to do with her mistake, or whatever happened.

And I remember we prayed so hard for a baby. And I felt almost from the beginning. That we were supposed to adopt.
And this is really hard for moms. Really hard. Baby not from her body. And I think as guys we don't understand that. Because I don't want anything coming out of my body. And if something comes out of my body, I'm not putting it in swaddling clothes, I'm telling you that. And we both wanted her -- how is this going to work? And there is something about God, that he is my son. And there is no difference between him and any of my other children. None. Zero. Not even a shadow.
Just by chance. If his birth mother happens to be listening or his birth grandparents happen to be listening, thank you. Thank you for giving this young man a chance to live. He is -- well, he's been a pain in the ass. But he's also my greatest joy.
We have to look at the things that we do now. Because there's a lot of -- she was 14, I think. Imagine being a 14-year-old. I remember she called her mom, because she -- she went to school. And she had to tell her mom. But she couldn't look her in the eye and tell her. So she called. Didn't know what her mom would say. And her mom was so great. She immediately said, come home, sweetheart. Come home. And they worked it out together what was going to happen.
People who fight for the right to abort children say, you know, who is going to take care of them? There's lots of us. Lots of us. Millions of us. Millions. Millions of us.
You know, today, Roe vs. Wade was -- it came to an end. Catholics would point out on the -- on the feast of the sacred heart of Jesus. And I doubt that they think that's just a coincidence. Because we know that the heart of Christ, I mean, the only thing he really got smoked at, was children. Being abused. It was clear, he liked children, much more, you know, than us adults. But then, again, I don't blame him. I do too. But we can't just think of the children today that are going to be saved, and then say, that's a good thing.
We have to think of the moms. And, you know, I'm like this with Christians who just really want to get people baptized. They don't really care. It's all about the number. You want to bring somebody closer to God, in baptism, that is a fantastic gift. Not from you. But from God. Fantastic. But no one is going to do that. If you don't actually love them. The people who -- the people who need salvation. They don't think anybody loves them. The women who are pregnant, most, not all. But most, who are pregnant. They feel trapped. They don't know what they're going to do. We have to be there for them. Not just during the time they're pregnant. But if they choose to keep the child. To help them. To support them.
You know, it's so funny. I guess we both give up on, you know, once the baby is aborted. Or the baby is saved. Then society auto both sides kind of just turns away. Planned Parenthood, are they concerned about the mental health? Because they deny it. No, no, no. People are celebrating their abortions. I don't think so. I don't think you can do that. And you may have felt like there was absolutely no way out. But at some point, that's going to -- it will haunt you. What could have been. Think about just the mistakes you will make in your life. And how they bother you. I shouldn't have said that. I mean, there were times in my life, where I said things to my mom, or whatever. I carried those things around for 25 years.
We have to have compassion for -- for all of these women. Now, if you're going to use this for contraception. I don't really -- I don't know how to talk to you. I'll try. But I don't know how I can relate. Because -- but I'm hoping most people aren't like that. I'm hoping that's the anomaly in our society. That just thinks, this is the way to have birth control. And one more thing on birth control.
Why is that still a prescription? I would like to say I'm not a doctor. But technically I am. But I'm not sure why that's still a prescription. Don't we know what that does? I mean, are we pretty sure? Yeah. That's what -- that's what happens. This is all it does. It's a pretty safe drug. Do we not just trust people to use only as directed?
I mean, we -- we trust people. I mean, I see stuff all the time. That says, do not drink. Okay. Well, it's turpentine, so I'm not going to drink it. But thank you for trusting me to know I'm smart enough not to do that. Don't put in eyes. Okay. I'm going to make sure that I don't put that -- you know, that cream in my eyes. Thank you. Good safety tip.
I mean, just making contraception over-the-counter. The pill over-the-counter. Would be helpful. Wouldn't it?
It's a lot better to have them get a pill over-the-counter, like that, than have our daughters or anybody else think about the abortion drug, that the FDA now will make sure that everybody can get. That thing is brutal. That is -- that's brutal.
Anyway, I truly -- as I go on vacation in a minute, I truly thank God for living in these times. It's -- would you live at any other time? I mean, I'm a little selfish. Because I'm a whiner. Absolutely, positively nothing before air-conditioning. Nothing before air-conditioning. I even would say, I want to still live in a time where all my meat comes from a counter on a little plastic, Styrofoam tray. Really, that's about as roughing it, as I want to go. I don't want to go past those two things. Indoor toilets. Yeah. But look at the times we live it in now. The miracles that are happening. The miracles of science. The freedoms that we do have.
I have a guy who is on my staff. He's from Scotland. And once in a while, he gets tired of me hearing, this country is just -- and he's like, come to Scotland. Come to England. He's like, I know it's not what it was. But it's still the greatest place on earth. And it is.
And just the victories, just this week. There's going to be more I think next week. Just the victories in the Supreme Court. And it's not -- it's not because of ideology. It's because the people who are put on the court now, actually respect the Constitution of the United States.
You know, Clarence Thomas and Kagan ruled together, on -- I don't know. Something with Medicare today.
What! I don't think they could agree on a dinner menu. But that's not because Thomas sold out. Or Kagan sold out. I know with Thomas, at least, that's because he believes that's what the Constitution says. And that's what is so great about it.
It doesn't cut your way every time.
You don't always win. You don't always get your way. Today is a great day. Praise God. Praise good we have taken this huge step today.
Lord, see your people. And keep them safe. And keep the people who are actually working in these pro-life clinics. Our judges. Our police. Our cities.
Please, keep them safe.


Riots & White House defiance: What may come AFTER Roe ruling

Many members of the far-left already are calling for a ‘Night of Rage’ after the Supreme Court’s 6-3 decision to overturn Roe v. Wade, and the White House has been discussing plans to defy the ruling too. In fact, one idea floated by Biden Administration officials, according to the New York Times, includes providing abortions on military bases. So, will America experience another summer of riots? Are YOUR taxpayer dollars at risk? And what does this mean for deep-blue states? Josh Hammer, legal expert and opinion editor for Newsweek, joins Glenn to discuss what may come next...


Below is a rush transcript that may contain errors

GLENN: Josh Hammer, he's the opinion editor of Newsweek. He's the host of the Josh Hammer show. He is really quite brilliant. One of the leading minds in the conservative movement, I think. Josh Hammer joins us now.

To tell us, what did you find in this decision?

JOSH: Glenn, great to be back with you, on such a momentous, and really such an emotional day, honestly. So, you know, look, as you said, this dropped recently. Funny enough, I was in the middle of getting a guest lecture from an organization on the advisory board as to when it drops. So I barely had any time to kind of skim through, let alone guess the concerning dissenting opinions. But it looks like this looks very similar, to the draft opinion that was leaked, by the Politico story, a month and a half ago, in early May. And I think those of us who were praying that the five justices from this leaked draft opinion, would have the fortitude to stiffen their spines against this unprecedented assault. Now knows that our prayers were answered, Glenn. That's really my takeaway right now.

This looks a lot like the leaked opinion. Justice Thomas and Justice Kavanaugh have some reconcurring opinions.

But unbelievable. And really just holding aside the constitutional law stuff for a second hear. Just speaking as pro-lifers, on a day like today, I think we really just need to pause. And I tweeted this out earlier. We need to just be grateful for our half century of pro-life activist forbearers. You know, this -- Glenn, this issue could have gone away after 1973. That was a long time ago. 1973. I mean, this issue could have just gone away. We owe a tremendous debt of gratitude to the pro-life moral activist. Political activist. And, of course, yes. Legal activist. Who fought day in and day out, that makes sure this great injustice stayed front and center of our national, political conscience. And in many days, the culmination of a half century of fighting for truth and justice. But in many ways, it's also a new beginning for the pro-life fight as well, interestingly.

STU: How do you mean a new beginning for the fight? I just it's going to turn, I think we're going to see abortion turn even darker in those states that allow it. Is that -- is that what you're meaning by this?

JOSH: Well, look, for a half century now, Roe vs. Wade, and its project any, specifically, the Planned Parenthood versus Casey case of 1992.

They took away from the states obviously. They arrogated authority away from the states, the ability to attempt to nationally codify one view of the morality of abortion.

It happened to be a profoundly immoral view. So these -- the fight now shifts to the states. And the pro-life activists. And all the 50 states. Especially, obviously in red states. Purple states. I mean, admittedly some blue states like New York and California, probably won't be able to touch them there.

But we have to make sure that our side is well positioned in the state Capitols for every red, purplish, probably even light blue state, to make sure we fight for successful, cogent, and morally consistent pro-life legislation. The state of Oklahoma, actually, just north of Texas. Right where you are now, Glenn. They have been leading on this actually. Governor Kevin Stitt signed into law, a fantastic pro-life bill there in Oklahoma. A few weeks ago. Maybe a month ago or so at this point, that basically just bans abortion straightforward from conception. And there are some -- you know, obviously, likable the mother. So forth. But we really need to start thinking about trying to craft legislation now, at the state level. But to your point, I do fear that the blue states will only double down in their radicalism. Unfortunately within that will only lead to an ever greater divide, in our country, that we have today. But obviously, at the end of the day. We're going to save at the end of the day, millions and millions of unborn children. We are going to save human beings who can grow up to cure cancer, who can win Nobel prices.

I mean, this is just a tremendous win for the human species. I don't know how to say it other than that.

GLENN: I will tell you, I saw the stat, that I think it was last year or the year before. 20 percent of all pregnancies ended in abortion. 20 percent.

JOSH: Wow.

GLENN: That is -- that is a shocking number. And we do have our -- our work cut out for us. Because I -- I think that these states are going to double down. But I think, you know -- God doesn't waste anything. You know, there is no waste with God. Even the -- even the worst things that could possibly happen, turn out to be something good. You know what I mean? You're like, holy cow, how did that just happen.

And I think that evil is going to fully come unmasked. I'm telling you, Josh. I don't know how you feel about this. I think this could be the day of America's Kristallnacht. I can see these pro-life centers being burned to the ground today. They're calling for a night of rage around the country. I think evil is going to show itself. And that will scare the American people, hopefully.

JOSH: You know, I've been thinking about this a lot this week, actually. Because I've been bracing for a new kind of George Floyd summer of love, happening this summer. Coming to a city or suburb near you. Unfortunately, myself. Look, I live in Florida. I know, Glenn, you live in Texas. It is in moments like this, where I do think that where you live matters. And who your mayor is. Who your governor is, matters.

Because law and order and rioting and anarchy is not really a federal issue. It is to a limited extent. June 2020, Tom Cotton wrote this op-ed that was pretty controversial at the time.

I happen to agree with it. Where he said, quote, unquote, send in the troops. And there is some federal legislation from the reconstruction era that would justify that.

But most kind of quelling and quashing of anarchy does happen. Constitutionally speaking, at the state and local level. So at a moment like this, where I fear that you're probably not wrong. I take some solace. That Governor DeSantis is my governor. I think Texans should take some solace, that they are represented by -- by a Republican governor. The legislature there as well. So I -- I fear that you are right. I pray obviously, that no one -- it's hard.

I fear that it's something -- that something bad is happening. At the end of the day, of course. It does not mean that justices cannot do what they are supposed to do. So thank God they did that.

GLENN: So, Josh, have you looked into what the White House has been saying? The White House yesterday. In fact, do we have a clip of -- of this?

What the White House said yesterday, about the guns. And then they were turned to the -- the Scott us ruling, for Roe vs. Wade. Do we have that, please?

JOSH: Will the president accept this decision, even if he disagrees with it?

VOICE: I think it's going to come from the Supreme Court. So it's a decision we certainly are going to respond to. I'll leave it at that. Just like any other Supreme Court decision. Just like the one they did today on guns.

GLENN: So the White House won't say that they're going to accept it.

Which I don't think they will. They're talking now about taking doctors and moving them into places like Oklahoma or Texas, where abortions will be outlawed. And putting doctors on our military bases to perform abortions.

I mean, where does this go, when you have a government, that is in defiance of -- of one branch of the government?

JOSH: So there's a lot to unpack here. So we should start from first principles. The idea of judicial supremacy, and this is a peculiar thing, to say on a day like today, where such a pro-life victory has happened in Italy. But if we're going to be consistent here, the idea of judicial supremacy. The idea that the justices, have the sole and exclusive ability to interpret the Constitution for themselves. And no other Constitutional actor, in article one or article two, let alone the state. Has the ability to tentatively interpret it. That is erroneous. In fact, actually it was really Abraham Lincoln actually, who in the Dred Scott case, famously opposed judicial supremacy and flouted the Dred Scott ruling, at least as it pertains to everybody other than Dred Scott himself. I have actually argued, a former legal scholarship, in a law review article actually, that the Laconian view of how each branch of government should interpret the Constitution for itself, is correct.

Having said that. Having said that, there is a thing called prudence. And there is a thing called comedy. And in a moment like today, when it really does look like -- and I agree with you, that we are now bracing for riots through the streets. When the political rhetoric is at DEFCON one. When people are trying to assassinate Supreme Court justices. I think it would be -- at its bare minimum, a profoundly imprudent act. For the Biden administration, to try to undermine this ruling.

Now, what they might do, is they might try to kind of issue some kind of executive orders, or issue some regulations, that might try to kind of undermine it, at the edges here. But at the end of the day, the idea that this returns to the state. There's not really a whole lot they can do about that. Basically, at this point, throughout the country. Kentucky within West Virginia. Kansas. Whatever. If they want to go ahead and ban abortion, what can the Biden administration literally do about that? I mean, short of sending in the National Guard, to protect Planned Parenthood, if the state legislature of Kentucky goes ahead and bans it. There's not a whole lot they can do. And it's very difficult to envision a world, in which the Biden administration literally sends in troops to red states, to protect Planned Parenthood, if that state legislature goes ahead and bans it. So for practically speaking. This is a lot of tough talk and rhetoric. Obviously the campaign here in 2022. There's not really a whole lot that practically speaking, they can do to actually prevent red and purple states from enacting pro-life legislation.

GLENN: I'm glad to -- I'm glad to hear that. I know that they have been working on things. I mean, he has said, you know, there's executive orders, that I can employ. There are things that I can do. He's talked about a national public health emergency. Which I think is just -- is crazy. But I would hope, that the president would come out and say, we strongly disagree with this. And you're right. The court is not the end all. But the court did not end abortion. It just said, the people should decide. I think that's the best kind of court ruling, on any of it. The people should decide what this is. And send it back to the states. Josh, I thank you very much. Appreciate your time. Was there -- there was another ruling, that came out today. Was it important?

JOSH: Oh, no. In comparison to this. A total nothing burger. A 5-4 decision on Medicare reimbursement related. So nothing, honestly.

GLENN: Great. Thank you very much. Appreciate it, Josh. Josh Hammer, opinion editor for Newsweek. And the host of the Josh Hammer show.


Good vs EVIL seen in Dobbs case reactions

GLENN: There are two things trending on twitter right now.

Number one is praise God.

Number two trend is Night of Rage.

Good verses evil.

Build up or tear down.