On today's show, Glenn Beck talks about the latest in the Trump administration and what it means for the economy. Also, Daniel Horowitz is talking about tax cuts and the weaselly Republicans and the vote they had last night, and so much more.
00:03:57.100Look for people who are in need that you can help.
00:03:59.980Stock your pantry, because if we want the feds off our backs, we've got to step up and not take any shortcuts.
00:04:06.800Washington Post is reporting Trump and Musk are selling the Department of Government Efficiency, Doge, like it's the next moonshot, aiming to carve out hundreds of billions in waste and toss 20% rebates our way.
00:06:33.080When will the media and the Lindsey Grahams of the world and the Democrats begin to care about where the $100 billion or more we shipped over there that just went poof, vanished like a Vegas magic act?
00:06:49.520Zelensky has said that maybe half of the U.S. money didn't arrive.
00:06:55.340Also, we now know that the U.S. arms that we sent to Ukraine, some of them are vacationing on the Mexican border in the hands of the cartels.
00:07:05.560Nobody's asking, and that's the real scandal.
00:07:09.300America's wallet isn't a bottomless pit.
00:07:13.700The Washington Post reporting, America's corruption perception index craters from 69 to 65, which makes us 28th worldwide.
00:07:26.880Now, America's corruption perceptions index, they say that's thanks to juicy scandals like Clarence Thomas and his secret billionaire getaways.
00:07:52.620It's interesting because a quick search now, you can find out they rake in 80 million euros from the U.S. state, the EU, and the WEF cronies just last year.
00:08:10.440TI conveniently skips the Dobbs leak, the Trump legal gauntlet in D.C., Georgia, what was happening there, what happened in New York, and the January 6th pro-life setups.
00:08:21.600It's only about the conservatives on the court.
00:08:26.740Smells like the same rotting trash they began to shovel after J.D. Vance's speech last week in Europe.
00:08:32.100Transparency International is nothing more than deep state PR.
00:08:37.440They are bankrolled by the same clowns, the WEF, the State Department, along with all the other usual NGOs that Doge is now finding, are funding and financing with taxpayer dollars.
00:08:50.100All of those who loved a rigged game and the government-funded propaganda, honestly, it would make Goebbels blush.
00:17:40.040And people forget at the very time where we have record treasuries to offload on the market, the new ones, but also a third of our existing debt is rolling over at higher rates.
00:17:53.060And precisely at that time, there's decreased demand.
00:17:57.840China and Japan are moving away from our treasuries.
00:18:00.560So we could set the federal funds rate to zero all we want, but at the end of the day, the treasuries, the yields are moving in the opposite direction.
00:18:09.740So I think Republicans have a golden opportunity, unlike a generation ago where people didn't see the pain.
00:18:23.840And I think Republicans have failed to communicate and complete their sentences that what is causing the current and future inflation are these very programs.
00:18:36.500So when they say, oh, well, I don't want to cause any pain to my district, the pain of the cost of living is greater than the amount of subsidies they're getting in welfare.
00:18:49.600But I'll tell you, Glenn, this notion that there is this free pot of trillions of so-called waste, fraud, and abuse divorced from significantly devolving, reforming, or cutting major programs is simply not true.
00:19:08.680We're lying to ourselves, we're lying to ourselves, and we're setting us up for failure.
00:19:12.480Well, that's, I mean, the one hope that I have, because I'm seeing the cuts, and we're not anywhere close to a trillion, and we should be cutting about $2 trillion.
00:19:24.220At bare minimum, we should be cutting $2 trillion from the budget, and not over 10 years, over this year, or we're just not going to make it.
00:19:35.280The one thing that I do have hope for is that maybe we're going to start really shutting down agencies, which is not going to cut $2 trillion, but it will begin to make significant impacts toward a trillion and $2 trillion.
00:20:26.320No, and especially if you want to fulfill the president's promise to kind of wall off Social Security and Medicare, you could do that.
00:20:35.020But then you really, really have to go aggressive on education, housing, transportation.
00:20:40.560It should all be state and local function.
00:20:42.220And then obviously Medicaid and food stamps.
00:20:45.500Trump's message, if I were him, would be, look, we're going to get rid of the foreign labor that's driving down wages.
00:20:50.820Get the four and a half million Americans that are out of the labor force, working age, come back, join our economy, lower regs, lower taxes.
00:21:23.880But if you want to maintain the current structure, the notion that you could have painless just, you know, condoms in Gaza causing inflation, that's not it.
00:22:56.800You know, this, to me, was the one black hole that we saw in the first administration, where he'll signal in the executive branch, and not just signal, but starting to implement this vision that we're talking about.
00:23:10.940The cuts to the federal workforce reflect this sort of vision.
00:23:17.180But then what he needs to do is then connect the dots to legislative affairs and make it clear that this is the budget I want to come up beside it.
00:23:26.400And then he's got to threaten primaries against those guys, not the Freedom Caucus guys, because what winds up happening is the opposite.
00:23:40.220So then they come to him and say, oh, I got a deal.
00:23:42.420And then the Freedom Caucus balks at it and he yells at them.
00:23:45.820That's got to change, because otherwise they're about to fund so many of the things that he started to cut.
00:23:53.840Which is why, I mean, we cannot, we won't survive if he doesn't, and the time to do it is right now, push Congress up against a wall.
00:24:06.300Um, because the minute he leaves in three and a half years, three years and, you know, 11 months, the minute he leaves, and if we lose to somebody who is not the same mindset, all this stuff is over.
00:24:38.420But what they would do is when they're in power, they would back load the savings and front load the increased deficit spending or, you know, whether it's tax cuts or whatever.
00:24:46.660And then Democrats inevitably come in, erase that with interest, and you're left with the bad and not the good.
00:24:52.840So, I mean, this is why you either have to front load the cuts or at least front load structural reforms or devolution to the state in a way that makes it harder for Democrats to claw back.
00:25:04.420One quick idea I'd love to pitch is, you know, Trump doesn't want to deal with the debt ceiling.
00:25:09.560One way to deal with that is devolve it to the state.
00:25:11.940And Congress passed a law that, okay, we're going to increase the debt ceiling now, but the next time you need two-thirds of the state legislatures to do it.
00:26:04.140President Trump has spoken about replacing income tax with tariff revenue, especially with all this waste, fraud, and abuse that we're seeing cut.
00:26:13.940And in fact, if you think about the China tariff revenue that we're estimating is coming in from the 10% that we just added, plus the de minimis thing,
00:26:23.640that it's between $500 billion and $1 trillion over 10 years is our estimate.
00:26:28.120And that's something that is outside of the reductions that markets are seeing through the negotiations up on the Hill.
00:26:34.400And so we expect that the tariff revenue is actually going to make it much easier for Republicans to pass a bill.
00:26:39.560And that was the president's plan all along.