Best of The Program ｜ Guests： Ken Paxton & Brian Riedl ｜ 1⧸27⧸21
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Summary
Glenn and Wenndy talk about the latest lawsuit against President Obama's immigration policies and what it means for the future of the country and the world. Also, tonight on the show, we take a look at the major stakeholders who have their tentacles all over this White House and what they want from it.
Transcript
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still i'd have to say uh the glenn beck program may have been the best glenn beck program
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of all time yeah well that's the reason why we call today's show the big show and it really did
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pan out very very very big yeah uh steve days was on with us yeah ken paxton was on uh we talked a
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little bit about money printing talked a lot about the great reset uh the the world economic forum
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actually did a tweet thread addressing me and what i said on this program yesterday which seeing
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they're over in davos with all these world leaders you'd think that would be low on their priority list
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unless what i'm saying is hitting a little too close to home you'll hear it all and so much more
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including how many masks does it take to be able to completely protect yourself from covid and don't
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forget uh tonight glenn's got a special um you want to make sure that you do not miss that it
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starts it the whole night i mean look i mean there's lots of stuff all day that's great but
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let me start you at 8 p.m eastern with stew does america followed by glenn uh tv that's all coming
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up tonight you can subscribe at blaze tv.com slash glenn the promo code is glenn you'll save 30 bucks and
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you can always get a lot of our stuff i think yours is on youtube tonight right glenn yep yep mine's on
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youtube as well my my channel uh is at studios america uh or glenn back here actually it's on the
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blaze tv channel on youtube but make sure you subscribe we need your support at uh blaze tv.com
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you're listening to the best of the glenn back program
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two weeks ago on tv we talked about government and private industry coming together in the
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biden administration they're just getting started every time you open a closet at the biden white
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house there's another special interest skeleton that tumbles out tonight we're gonna take a look
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at the major stakeholders who have their tentacles all over this white house the new biden administration
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already showing america the natural end result that comes from decades of being dominated by special
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interest groups eventually you get government that at the top is so beholden to these groups
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you can call them stakeholders the stakeholders have vested interest in the actions and policies
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of the government financial interest ideological interest often both these stakeholders always take
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priority over you and me tonight i'll show you the stakeholders in this new stakeholder capitalism
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and the biden administration what they want who they're working with inside the biden administration
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9 p.m eastern on blaze tv.com and blaze tv youtube 9 p.m eastern blaze tv.com or blaze tv youtube
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we have ken paxton with us um he is the uh 51st attorney general of uh texas he has uh fought
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and won many of the cases against um barack obama's administration and they've just posted their first
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victory on the biden administration the first one to bring a lawsuit and within six days texas has
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halted uh biden's illegal deportation freeze joining us now is ken paxton hi ken how are you
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i'm doing well good morning it's been a fast start hasn't it uh it is breathtaking how quickly things are
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changing uh and and quite honestly we were talking about it in the break a little frightening um it
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is i agree it is frightening it's it's i've never i don't think it's ever happened this fast i mean i
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think uh biden is off to the fastest start of any president and just issuing executive orders and
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changing sort of what we had going yeah he had a uh he's had a record of i think 38 uh which just
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smashes all the other records of uh executive orders he's signing more today this one uh they
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are going to preserve i don't know what that means exactly i fear i do i've read agenda 2030
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preserve 30 percent of all federal land by 2030
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i don't that's not good i don't know exactly what that means but that doesn't sound good yeah it
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doesn't sound good first let's talk about the win that you had um tell me about the lawsuit
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and and what it means so we had a an agreement that we signed with the department of homeland
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security recently that said that if they were going to change major immigration policies that
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we were going to be provided uh notice um and so obviously the executive order that came out that
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ended all deportations and the invitation for people to cross the border
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uh didn't meet those uh those requirements and so we filed a lawsuit on uh president biden's third
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day and we challenged that executive order not just based on that agreement but also based on the fact
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that federal law requires him to do certain things that he has said now he will not do and so we argue
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that he violated federal law and his constitutional duty to enforce the law that now exists and so what did
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the judge say so the judge basically gave us we were asking for a preliminary injunction a temporary injunction
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first uh we're going to seek a permanent injunction next and we did that because we had to show that there
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was harm to the state of texas if this went forward while we were litigating the merits of the case so we
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haven't won the merits of the case we've merely made a good argument showing that we will suffer irreparable harm
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as a state if this goes forward and it wasn't hard for us to show that given that we already have
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a mass of people coming up from the southern border essentially have covet that potentially have other
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communicable diseases that potentially are criminals and that will cost the state of texas billions of
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dollars and so that harm was not hard to show in my opinion so how are you going to argue for
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permanent uh especially with the way this administration is moving where social justice
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uh outweighs everything well it's it's going to be pretty much the same argument it just to say we
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are going to suffer damage we need time to to have this question answered as to whether the president is
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violating federal law by stopping the you know the implementation of what is federal law
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is it can he do that and and the the argument that we need uh time or we will be harmed still it's
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exact same argument just that we need longer to decide the merits of the case so but but but wait
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what i'm saying is if if you're arguing and uh you know biden this is all changing now we're not
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talking about rule of law anymore we're talking about uh social justice outweighing absolutely everything
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if they um if they win and he can just say we're not going to do any of that a isn't that what they've
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already done with with uh you know we're not going to enforce you know busts on pot so haven't they
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already done that and if they do uh codify this in the courts then doesn't this make him in some
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ways a dictator to where he could just administratively do whatever the president
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can not just biden but any president could just do whatever they want and it never has to go through
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legislation no you've you've hit the nail on the head and it it means literally that congress becomes
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almost irrelevant the courts become not so relevant and the states that are supposed to have all these
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powers reserved to them that are not specifically granted to the federal government also lose their
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power it does become a real focus on one person having all of the power which clearly was not what
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our framers intended so ken i've talked to other attorney generals uh around the country and they are
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as just as concerned as i am and i i'm i'm wondering i know many of them are all working together to
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try to stop this onslaught um but is there is there any conversation about a a sanctuary state
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of of not secession or anything like that but just saying this state will not violate the bill of rights
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and the constitution and if you try to do these things that are unconstitutional this is a safe haven
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a sanctuary state for rights you know it's interesting that conversation has not come up
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among the ag specifically but i was at a conference with technology leaders around the country
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and and most of them were actually pointing to that by saying they were either considering or they
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were on their way or they had already moved to texas or florida because they felt like those were states
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that they could go and be safe and that that this the risk in the states that they're in is is
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becoming untenable for them and they're trying to find a safe haven where they will be where their
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rights will be respected and they will have continuing opportunities to work and i mean how do we do that
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they are already talking about you know if you're depersoned that you won't what was it the head of
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mastercard said yesterday we don't have to do business with just anybody meaning if we don't
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if we don't like the business that they're in we can just say we're not doing business with them
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anymore and this is a growing trend and when it comes to businesses like mine or for anybody that is
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unpopular uh this is extraordinarily dangerous it are the states will texas stand behind
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the universal god-given rights that we have always stood with we will in my office you know i'm part
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of you know i'm part of the entire state i'm not the entire state but we will at my office that's why
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we are now investigating the five companies that were related to the parlor de-platforming because
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we want to understand how can how are they doing this how do they have the authority to just de-platform
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a whole company because they disagree with their their views or they disagree with the people that
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they allow to speak are you and the governor having conversations at all about critical race theory to
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make sure that's not being taught in our schools well i haven't had those conversations that's not an
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area that i can do much about as attorney general unless there's some specific violation of law my job is
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to enforce whatever laws we have so i always have to look for my way of getting into court well we
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can't we can't teach discrimination in schools can we no but that that would be a probably if they
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were teaching discrimination law school law uh in schools that would be a probably a lawsuit by an
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aggrieved party a student a parent who said hey i i you can't do this in this school and then it becomes
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under your purview well so then if the school asks me to represent them and i think they're wrong i
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say no i can i'm not representing you this is a legitimate lawsuit and and you need to be accountable
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for doing the right thing okay do you have any advice for what the average person should be doing
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right now in their state absolutely i think they should be speaking out i think that the the more
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voices that are speaking out because what is going to happen my concern is you know they go after the
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president and people don't say anything if we if we keep quiet right now if people are afraid to speak
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which i see some of this i see some of this with you know some of my fellow ag's i see this in a lot
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of circles that people are afraid that if they speak out they'll be deplatformed or they'll be canceled so
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if we if we don't all speak out if we don't address these election issues in states where there was
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you know they weren't following their their own laws we have to address that now or it will be
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too late they will come and deplatform all of us and if you think you're going to hide from that
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you're not going to hide from it they may get to somebody else first but unless we're all working
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together it's going to be a problem ken thank you very much yeah thank you for thanks for staying on
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top of things and thank the governor for us as well we are counting on uh our state reps and our
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governor and you to stand and fight the good fight against this onslaught that is coming uh our way
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quickly i'll say this glenn if texas doesn't fight if we are in the middle of this fight um i don't think
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we have much hope i think it's texas has to be in the fight texas has got to i mean i've i've talked to
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sheriffs and they've said if i have to deputize every single citizen in my county so they have
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the right to carry a gun we're not backing we're not backing down it's got texas must i mean it's
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really sad i talked to christy noem and i'm like you know i'm a little embarrassed texas should be
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knocking you into the dust right now uh we need to be texas we need to stand and be very clear and be
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a leader for freedom supposed to be the alamo thank you very much appreciate it ken paxton
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attorney general of texas the best of the blenbeck program
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so 15 an hour why only 15 an hour i mean it's like the masks you know well if one mask is good
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two masks is better why not three why not seven why not 25 uh same thing with with uh minimum wage why
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why shouldn't the minimum wage be something really living and maybe you know something that includes like
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where you could buy a house maybe like 60 000 a year i mean why don't we just do that why stop at
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15 uh brian riedel is uh with us he's the senior fellow of the manhattan institute he's a guy who
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doesn't care who's in office republicans or democrats uh he uh he points out both of them suck when it
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comes to actually living by the budget uh and we wanted to talk to him about the 15 wage and also
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uh how long can we last at these kind of spending uh limits uh we go to brian now hi brian how are you
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i'm great glenn how are you very good by the way i forgot to mention you were also uh one of the
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uh researchers and co-authors of the book broke which was fantastic i at least they tell me
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it was a great book i was honored to have helped in my own little way yeah thanks brian okay so brian
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let's talk about the 15 uh dollar uh wage what will that do to the nation well you know the
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congressional budget office said that even if we did it gradually during an economic boom it would
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cost between 1.3 and 3.7 million jobs instead they're talking about doing it during a recession
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which means you're going to lose even more but that's not even the worst of it they would also
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raise the tipped minimum wage you know what waiters and waitresses make from 213 to 15 dollars
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so think of what restaurants are going through right now restaurants are going through their
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worst crisis in history millions have gone under many others are on the brink of bankruptcy and the
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solution in the stimulus bill is to increase their minimum wage by 600 percent i mean it is economic
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malpractice so brian explain to people who don't who don't understand you know these big companies they
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can afford 15 an hour explain why this cancels their jobs because not only can not all big companies
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can afford it you know profit margins aren't that big and especially small businesses really often
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cannot afford it especially in low-cost places like mississippi and puerto rico you know they tried
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raising the minimum wage really high in puerto rico about 15 years ago and it cost something like 40
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percent unemployment oh my god but here's another point even if companies can afford it it doesn't
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mean they will because you know companies aren't charities if they're going to take a loss on on an
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employee if that employee is only worth ten dollars an hour they're not going to pay them 15 even if
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they can afford it what they're going to do is switch to automation and that's why the higher the
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minimum wage goes the more likely it is that you're going to walk into a taco bell and go up to a
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little machine and press a lot of buttons in order to get your big mac i mean it was the old the old
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automat or the old uh what is it automatic i think was the uh restaurant up in new york where you didn't
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have anybody waiting on you back in the 1930s now there's no one behind the machine to stuff the food
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in now it will just be a machine and we would call that progress anywhere else but because it's going
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to put people out of work now it's good it's going to be devastating to the economy especially
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when you have truck drivers who are going to be the first on the block when automated trucks are
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everywhere on the highway and that's part of the plan you know andrew yang has been saying we need
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universal basic income for all the jobs lost to automation well they're speeding up the shift to
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automation by by essentially banning all jobs that don't pay 15 an hour you're going to put a lot of
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people out of work then we're just we're going to have to spend a trillion dollars on their on their
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universal basic income payment so you're going to end up paying for that too so there's there were
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there are places like in new york city and not today there are places in new york city with 15
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an hour would be reasonable um you know you you've got to you've got to pay higher if you're living in
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in new york city um but there are also places all over the country where 15 an hour is
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quite a haul yeah this is why 15 is crazy for a national number it's not sensitive to local
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economies and local conditions you know seattle and san francisco can afford it much easier than
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places like again mississippi or puerto rico where prices are are lower wages are lower you know the
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in mississippi the average manufacturing job doesn't even pay 15 an hour you know forget fast food
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even even you know a manufacturing job doesn't pay that and that's why i think that the better
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solution is to leave minimum wage up to the states some states have been raising their minimum wage some
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cities have been raising their minimum wage other cities and states with lower costs haven't because
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the local the local elected officials understand a little better the local economic conditions and needs
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a 15 national floor is is is bonkers coming out of washington tell me about seattle because the
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initial response was this is going to put the restaurants out of business what has happened to seattle since they
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put this in seattle uh it has done a 15 wage and it it has slowed down employment certainly it hasn't
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caused an epic crash in the state um but the the employment growth over the last couple years
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certainly slowed down there has been somewhat of a shift to automation even the trade-off exists in
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seattle um it hasn't caused a crash but but there has been a definite uh slowdown in the growth of
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low of a lot of the jobs that are affected by the minimum wage so we have according to president
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uh biden now a 11 trillion dollars in new spending over the uh uh decade they're no longer looking for
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the offsets um he's saying that three trillion in new taxes uh will help offset that um
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i mean we're just we're printing money right i mean we're really on the modern monetary theory at
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this point right without calling it that we are in fact last year when we ran a 3.3 trillion dollar
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deficit two-thirds of that was funded by the federal reserve was funded by the printing press so we are
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we are printing money we're not taxing it we're not even really borrowing it we're funding it out of
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the printing press right and you're right i mean but what biden has proposed is 11 trillion dollars
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in new spending over the decade you know to put that in context john kerry proposed two trillion over
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the decade no for obama proposed one trillion hillary clinton proposed two trillion then biden proposed
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11 trillion which shows that although biden ran as a moderate today's democratic party has shifted so
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far to the left that 11 trillion dollars sounded like a moderate it's a huge amount and by the way
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that 11 trillion that's on top of the baseline deficits of about 15 trillion dollars over the
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decade so really biden would have a total deficits of about 26 trillion over the decade
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is that number optimistic too brian i mean does that reflect reality even 26 trillion uh it's
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optimistic in that those numbers were before the recession wow and and also assumes no interest rate
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hikes exactly these numbers the scary thing about all these numbers is they assume interest rates
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stay low forever and let me tell you if interest rates rise one point higher than the congressional
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budget office assumes that would add 30 trillion over 30 years oh my gosh oh my gosh okay so wow um
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you know people say this is not weimar it's not zimbabwe and it's not yet do we you know it wasn't
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weimar until a certain point and then it was like oh my gosh and it's too late any idea when it becomes
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too late i mean we are headed correct me if i'm wrong we're headed for a zimbabwe or a or a weimar
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if we don't stop this at some point right oh the trends are absolutely unsustainable i mean in total
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uh the congressional budget office proposed 104 trillion dollars in deficits over the next 30 years
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even before the recession even with low interest rates 104 trillion over 30 years you know you add in a
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little interest rate increase you add in what we're going through right now you could be up to
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150 trillion over 30 years okay so these numbers are so big it sounds like monopoly money and it will be
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monopoly monopoly money at some point uh the system can't hold it up and that could be in five years
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seven years ten years a lot of it really depends on the bond market if to the extent that the bond
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market is lending washington money at some point they're going to say we're going to stop lending
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you we don't think you're good for this this is ridiculous and you're going to have to pay us twice
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as high of interest rates to compensate for the risk at that point you get into this vicious circle
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where washington has to pay higher interest rates in order to attract lenders which only makes the
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borrowing more which makes them even more nervous which requires even higher interest rates
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at that point i think what happens is washington says okay forget finding lenders we're just going
00:25:06.480
to use the printing press and that's when you start looking like we're germany didn't we already kind
00:25:13.760
of hit this in some ways i mean i think it was over last summer or the summer before we offered bonds
00:25:20.080
and nobody took them in the then the fed just started buying them yeah in the short term we're facing
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that right now because with deficits 3.3 trillion dollars last year could be even bigger this year
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there just isn't enough people buying bonds to pay for that as a matter of fact the number of borrowing
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we're getting internationally new borrowing has been pretty much zero um china and japan have have
00:25:44.100
not been buying our bonds at all and domestically there just isn't enough savers in order to pay for
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all this so right now we're facing you know the printing press running it because we can't we can't find
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three to four trillion dollars a year for for domestic people to lend to us now hopefully as the
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recession ends the deficit goes down to only one or two trillion dollars a year i put only in air quotes
00:26:07.660
that'll be a little bit easier to finance but but it's not sustainable long term to keep borrowing
00:26:15.840
one two three trillion dollars a year have you seen what's happening in davos with the great reset
00:26:20.980
uh i'm trying yeah i know i know everybody's carrying such a heavy load um yesterday they
00:26:28.700
said all we need is 50 trillion dollars uh and we can we can do all these things 50 trillion
00:26:36.600
that sounds like where politics are right now you know a couple years ago uh i i wrote an article that
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said the democrats proposals would cost 42 trillion over 10 years and people thought i was crazy
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to use a number that big no one would ever propose that and now these numbers are old hat you know
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green new deal uh medicare for all all of this stuff we were hearing 50 hundred trillion dollars
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thrown around like they're nothing thank you so much uh brian i'd love to have you on again but uh
00:27:07.740
i need to take some medicine here before i talk to you again uh brian thank you so much i appreciate
00:27:14.260
it we'll talk again i i would like to go in a little further on what it means when the dollar
00:27:20.940
starts to lose its value and and who really gets hurt it's the people who always played by the rules
00:27:26.240
and people who have their money in a savings bank exactly uh all right brian thank you so much
00:27:32.380
appreciate it brian knows that stuff better than anybody i swear he's a great follow on twitter
00:27:37.820
at brian underscore riedel i believe it is r-i-e-d-l uh great place to go because he's got
00:27:43.080
this stuff and he's been saying it the whole time he was saying it every president going back even
00:27:47.380
through the years through trump all the whole time you know a lot of conservatives haven't focused on
00:27:52.020
the budget here and the debt for a while hopefully that's going to return here with biden as president
00:27:57.360
because it's really important that is i mean that is the one good thing about the biden administration
00:28:02.360
is at least conservatives will start paying attention to the debt again some people find their faith
00:28:06.160
this is the best of the glenn beck program and we really want to thank you for listening
00:28:13.740
i i i want to go over this game stop thing again okay when when the stock was at two dollars a share
00:28:29.300
right two dollars a share um these guys on reddit they decided that they were going to run this up
00:28:38.540
now if i did this on national radio it would be illegal uh you can't say hey everybody let's do this
00:28:45.640
but apparently on reddit you can yeah it's public usually public openly speaking about your opinion on
00:28:52.140
stock is fine um doing it in private venues is usually not fine and secondarily doing it fcc has
00:29:00.640
all sorts of laws about how you can do that correct and it's different so let's say you invested
00:29:05.240
in the two dollar stock when everybody was on on reddit they're like hey let's let's buy this up
00:29:11.620
and the guy the first he invested fifty thousand dollars yeah his life savings supposedly uh this guy
00:29:18.540
on reddit and then started talking about this uh theory which has proved to be very very accurate
00:29:23.740
uh so as of yesterday it was up to 15 million dollars it was worth however the stock has basically
00:29:30.720
doubled today so this is crazy it's insane it is craziness you know the the where you're putting
00:29:39.300
billionaire hedge fund investors out of business maybe shutting down there's rumors of bankruptcy of
00:29:44.900
this hedge fund if this happens i mean these guys are not going to be happy and they know a lot of
00:29:48.920
people but a few of these guys are going to get very very wealthy off of it i wonder what the
00:29:53.820
repercussions are going to be not just for them but when democrats start saying this can't happen
00:29:58.520
look at how bad capitalism is oh yeah that's around the corner too uh stew will have more on that
00:30:03.620
at eight o'clock eastern tonight on uh stew does game stop and tonight my wednesday night
00:30:11.020
special immediately follows 9 p.m eastern blaze tv