RADIOJune 03, 2022

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…

Transcript

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.

Could passengers have SAVED Iryna Zarutska?

Surveillance footage of the murder of Ukrainian refugee Iryna Zarutska in Charlotte, NC, reveals that the other passengers on the train took a long time to help her. Glenn, Stu, and Jason debate whether they were right or wrong to do so.

Transcript

Below is a rush transcript that may contain errors

GLENN: You know, I'm -- I'm torn on how I feel about the people on the train.

Because my first instinct is, they did nothing! They did nothing! Then my -- well, sit down and, you know -- you know, you're going to be judged. So be careful on judging others.

What would I have done? What would I want my wife to do in that situation?

STU: Yeah. Are those two different questions, by the way.

GLENN: Yeah, they are.

STU: I think they go far apart from each other. What would I want myself to do. I mean, it's tough to put yourself in a situation. It's very easy to watch a video on the internet and talk about your heroism. Everybody can do that very easily on Twitter. And everybody is.

You know, when you're in a vehicle that doesn't have an exit with a guy who just murdered somebody in front of you, and has a dripping blood off of a knife that's standing 10 feet away from you, 15 feet away from you.

There's probably a different standard there, that we should all kind of consider. And maybe give a little grace to what I saw at least was a woman, sitting across the -- the -- the aisle.

I think there is a difference there. But when you talk about that question. Those two questions are definitive.

You know, I know what I would want myself to do. I would hope I would act in a way that didn't completely embarrass myself afterward.

But I also think, when I'm thinking of my wife. My advice to my wife would not be to jump into the middle of that situation at all costs. She might do that anyway. She actually is a heck of a lot stronger than I am.

But she might do it anyway.

GLENN: How pathetic, but how true.

STU: Yes. But that would not be my advice to her.

GLENN: Uh-huh.

STU: Now, maybe once the guy has certainly -- is out of the area. And you don't think the moment you step into that situation. He will turn around and kill you too. Then, of course, obviously. Anything you can do to step in.

Not that there was much anyone on the train could do.

I mean, I don't think there was an outcome change, no matter what anyone on that train did.

Unfortunately.

But would I want her to step in?

Of course. If she felt she was safe, yes.

Think about, you said, your wife. Think about your daughter. Your daughter is on that train, just watching someone else getting murdered like that. Would you advise your daughter to jump into a situation like that?

That girl sitting across the aisle was somebody's daughter. I don't know, man.

JASON: I would. You know, as a dad, would I advise.

Hmm. No.

As a human being, would I hope that my daughter or my wife or that I would get up and at least comfort that woman while she's dying on the floor of a train?

Yeah.

I would hope that my daughter, my son, that I would -- and, you know, I have more confidence in my son or daughter or my wife doing something courageous more than I would.

But, you know, I think I have a more realistic picture of myself than anybody else.

And I'm not sure that -- I'm not sure what I would do in that situation. I know what I would hope I would do. But I also know what I fear I would do. But I would have hoped that I would have gotten up and at least tried to help her. You know, help her up off the floor. At least be there with her, as she's seeing her life, you know, spill out in under a minute.

And that's it other thing we have to keep in mind. This all happened so rapidly.

A minute is -- will seem like a very long period of time in that situation. But it's a very short period of time in real life.

STU: Yeah. You watch the video, Glenn. You know, I don't need the video to -- to change my -- my position on this.

But at his seem like there was a -- someone who did get there, eventually, to help, right? I saw someone seemingly trying to put pressure on her neck.

GLENN: Yeah. And tried to give her CPR.

STU: You know, no hope at that point. How long of a time period would you say that was?

Do you know off the top of your head?

GLENN: I don't know. I don't know. I know that we watched the video that I saw. I haven't seen past 30 seconds after she --

STU: Yeah.

GLENN: -- is down. And, you know, for 30 seconds nothing is happening. You know, that is -- that is not a very long period of time.

STU: Right.

GLENN: In reality.

STU: And especially, I saw the pace he was walking. He certainly can't be -- you know, he may have left the actual train car by 30 seconds to a minute. But he wasn't that far away. Like he was still in visual.

He could still turn around and look and see what's going on at that point. So certainly still a threat is my point. He has not, like, left the area. This is not that type of situation.

You know, I -- look, as you point out, I think if I could be super duper sexist for a moment here, sort of my dividing line might just be men and women.

You know, I don't know if it's that a -- you're not supposed to say that, I suppose these days. But, like, there is a difference there. If I'm a man, you know, I would be -- I would want my son to jump in on that, I suppose. I don't know if he could do anything about it. But you would expect at least a grown man to be able to go in there and do something about it. A woman, you know, I don't know.

Maybe I'm -- I hope --

GLENN: Here's the thing I -- here's the thing that I -- that causes me to say, no. You should have jumped in.

And that is, you know, you've already killed one person on the train. So you've proven that you're a killer. And anybody who would have screamed and got up and was with her, she's dying. She's dying. Get him. Get him.

Then the whole train is responsible for stopping that guy. You know. And if you don't stop him, after he's killed one person, if you're not all as members of that train, if you're not stopping him, you know, the person at the side of that girl would be the least likely to be killed. It would be the ones that are standing you up and trying to stop him from getting back to your daughter or your wife or you.

JASON: There was a -- speaking of men and women and their roles in this. There was a video circling social media yesterday. In Sweden. There was a group of officials up on a stage. And one of the main. I think it was health official woman collapses on stage. Completely passes out.

All the men kind of look away. Or I don't know if they're looking away. Or pretending that they didn't know what was going on. There was another woman standing directly behind the woman passed out.

Immediately springs into action. Jumps on top. Grabs her pant leg. Grabs her shoulder. Spins her over and starts providing care.

What did she have that the other guys did not? Or women?

She was a sheepdog. There is a -- this is my issue. And I completely agree with Stu. I completely agree with you. There's some people that do not respond this way. My issue is the proportion of sheepdogs versus people that don't really know how to act. That is diminishing in western society. And American society.

We see it all the time in these critical actions. I mean, circumstances.

There are men and women, and it's actually a meme. That fantasize about hoards of people coming to attack their home and family. And they sit there and say, I've got it. You guys go. I'm staying behind, while I smoke my cigarette and wait for the hoards to come, because I will sacrifice myself. There are men and women that fantasize of block my highway. Go ahead. Block my highway. I'm going to do something about it. They fantasize about someone holding up -- not a liquor store. A convenience store or something. Because they will step in and do something. My issue now is that proportion of sheepdogs in society is disappearing. Just on statistical fact, there should be one within that train car, and there were none.

STU: Yeah. I mean --

JASON: They did not respond.

STU: We see what happens when they do, with Daniel Penny. Our society tries to vilify them and crush their existence. Now, there weren't that many people on that train. Right?

At least on that car. At least it's limited. I only saw three or four people there, there may have been more. I agree with you, though. Like, you see what happens when we actually do have a really recent example of someone doing exactly what Jason wants and what I would want a guy to do. Especially a marine to step up and stop this from happening. And the man was dragged by our legal system to a position where he nearly had to spend the rest of his life in prison.

I mean, I -- it's insanity. Thankfully, they came to their senses on that one.

GLENN: Well, the difference between that one and this one though is that the guy was threatening. This one, he killed somebody.

STU: Yeah. Right. Well, but -- I think -- but it's the opposite way. The debate with Penny, was should he have recognize that had this person might have just been crazy and not done anything?

Maybe. He hadn't actually acted yet. He was just saying things.

GLENN: Yeah. Well --

STU: He didn't wind up stabbing someone. This is a situation where these people have already seen what this man will do to you, even when you don't do anything to try to stop him. So if this woman, who is, again, looks to be an average American woman.

Across the aisle. Steps in and tries to do something. This guy could easily turn around and just make another pile of dead bodies next to the one that already exists.

And, you know, whether that is an optimal solution for our society, I don't know that that's helpful.

In that situation.

THE GLENN BECK PODCAST

Max Lucado on Overcoming Grief in Dark Times | The Glenn Beck Podcast | Ep 266

Disclaimer: This episode was filmed prior to the assassination of Charlie Kirk. But Glenn believes Max's message is needed now more than ever.
The political world is divided, constantly at war with itself. In many ways, our own lives are not much different. Why do we constantly focus on the negative? Why are we in pain? Where is God amid our anxiety and fear? Why can’t we ever seem to change? Pastor Max Lucado has found the solution: Stop thinking like that! It may seem easier said than done, but Max joins Glenn Beck to unpack the three tools he describes in his new book, “Tame Your Thoughts,” that make it easy for us to reset the way we think back to God’s factory settings. In this much-needed conversation, Max and Glenn tackle everything from feeling doubt as a parent to facing unfair hardships to ... UFOs?! Plus, Max shares what he recently got tattooed on his arm.

THE GLENN BECK PODCAST

Are Demonic Forces to Blame for Charlie Kirk, Minnesota & Charlotte Killings?

This week has seen some of the most heinous actions in recent memory. Glenn has been discussing the growth of evil in our society, and with the assassination of civil rights leader Charlie Kirk, the recent transgender shooter who took the lives of two children at a Catholic school, and the murder of Ukrainian refugee Iryna Zarutska, how can we make sense of all this evil? On today's Friday Exclusive, Glenn speaks with BlazeTV host of "Strange Encounters" Rick Burgess to discuss the demon-possessed transgender shooter and the horrific assassination of Charlie Kirk. Rick breaks down the reality of demon possession and how individuals wind up possessed. Rick and Glenn also discuss the dangers of the grotesque things we see online and in movies, TV shows, and video games on a daily basis. Rick warns that when we allow our minds to be altered by substances like drugs or alcohol, it opens a door for the enemy to take control. A supernatural war is waging in our society, and it’s a Christian’s job to fight this war. Glenn and Rick remind Christians of what their first citizenship is.