Best of the Program | Guest: Daniel Horowitz | 2/21/25

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There's a lot to cover on today's podcast.

We give you the rundown of everything that has been happening in the last 24 hours and some things that really need to be said.

Also, Daniel Horowitz is talking about tax cuts and the weasly Republicans and the vote they had last night.

And so much more, all on today's best of podcast.

If I could catch hope in a jar and put a lid on it and then give give it away, I would.

Our nation has been far too short on hope, especially when it comes to the economy and our personal finances.

Maybe things are finally starting to get better.

Maybe we're going to have more trouble before it gets better.

We have a lot of debt we have to pay.

We've made a lot of really bad mistakes.

But now that we have good leadership in office,

you know, it's going to be a little less worrisome, maybe, a little more hope.

But you are still in charge of your own personal economy.

Here's the hope I can give you.

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That's like giving yourself a $10,000 raise.

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You're listening to

the best of the benefit program.

Let me just go over some of the news that has happened since we last met, get you caught up on everything.

Reuters is reporting that Trump's approval has slid from 44

to 44 from 47 because jobs and inflation are punching folks in the gut.

Okay.

Yes, unemployment has crept up to 4.2%.

Grocery bills are like a bad X that just won't go away.

And people are are jittery a bit.

It's not a meltdown, but it is

Trump able to catch some flack on this.

Some are saying it's his tariffs.

Others are saying, you know, it's Congress that's all talk and no action.

The air in D.C.

is thick with tension, but here's the deal.

America, Washington isn't, nor should it ever be, your sugar daddy.

Trump's swinging at a system so fat that the system can't even move to get out of the way.

Here's the real deal.

We have trashed our economy for decades, and then we added a wrecking ball to the rest of it for the last four years.

As I have said for all during the election, for sure, it is going to sting and hurt before it heals.

Think 1970s gas lines only with worse.

coffee.

Help your neighbor whenever you can.

Look for people who are in need that you can help.

Stock your pantry because if we want the feds off our backs, we've got to step up and not take any shortcuts.

Washington 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.

Agencies today are sweating bullets.

Details are sketchy, but it is a gut punch to the bloated beast in Washington.

Is it bold?

Yes.

Is it what we asked for?

Yes.

This is the government getting a long overdue haircut, and Musk is holding the clippers.

In fact, yesterday at CPAC, it wasn't clippers.

It was a chainsaw given to him by the president of Argentina.

They're not just trimming the fat, they're promising a chunk of our own money back as well.

But here's the kicker.

Do not cash that check and run.

We are drowning in $36 trillion of debt.

Stick it in there instead.

I like Trump's latest idea.

It helps kind of everybody.

When we get a trillion in cuts, 20% goes back to you.

20% goes to the debt.

And 20% to reduce the deficit.

Yesterday, Trump demanded

what's ordinary for you and me, but something that's almost as mythical as My Little Pony in Washington, D.C.

He demanded a balanced budget.

Whoa.

It will be up to us to support and demand lawmakers here and adhere to what all of us have asked for for decades, paying down the debt and cutting the deficit to zero.

It's not real sexy, but it's a grown-up move.

Less waste, more backbone.

That's the win.

In the Times, Zelensky begging for a BFF vibe with Trump's crew, but a ditched briefing and some U.S.

side eye say otherwise.

His team met with Trump's envoy, then ghosted oppressor after whining about hardball talks.

Washington told them to drop the dictator trash talk.

It's a little chilly, not full on feud, but the cracks are showing.

Trump is not here to play global babysitter.

Those days are and should be over.

Ukraine has its own mess.

We don't need to mop it up.

When 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?

Zelensky has said that maybe half of the U.S.

money didn't arrive.

Where is it?

Also, 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.

Nobody's asking, and that's the real scandal.

America's wallet isn't a bottomless pit.

It is time we close it.

The Washington Post reporting America's Corruption Perception Index craters from

69 to 65, which makes us 28th worldwide.

Now, America's Corruption Perceptions Index, they say that's thanks to juicy scandals like Clarence Thomas and his secret billionaire getaways.

Is that the real deal?

Here's the actual story.

And this is a truth that the Washington Post will never, ever cover.

Transparency International.

They're the ones who issued this report.

They're the scorekeeper.

Hmm.

It'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.

X is screaming, deep state hit job.

T.I.

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.

It's only about the conservatives on the court.

Hmm.

Smells like the same rotting trash they began to shovel after J.D.

Vance's speech last week in Europe.

Transparency International is nothing more than deep state PR.

They are bankrolled by the same clowns.

The WAF, the State Department, along with all the other usual NGOs that Doge is now finding, are finding, are funding and financing with taxpayer dollars.

All of those who loved a rig game, the government-funded propaganda,

honestly, it would make Goebbels blush.

Trump's courts are slugging it out.

But transparency,

what is it, transparency international?

It's blind to the real dirt, the witch hunts and leaks galore.

But this isn't about justice.

It is a power grab dressed up as a report card.

Europe and the global media need to understand that we are not stupid and we are not buying it.

The time of lies is over.

Thank God for AI, which at least now is proving its worth on giving us complete transparency.

You're not going to be able to hide the money and your lies anymore.

Reuters, Cash Patel in as FBI director, squeaking by 51 to 49.

The GOP is pumping its fish for his reform swagger.

Democrats cry, Trump goon.

Collins and Murkowski bolted, but he's still locked in, promising to gut headquarters of the FBI, axe deep,

and zero in on all the crime first that they were committing.

Eight top dogs are already out the door at the FBI and he's got a list and he's checked it twice.

All of the agents of January 6, X is a war zone today, half cheering, half melting down.

The real meltdown will happen when Cash comes in next week and delivers the Epstein client list and begins to expose what Washington Intel and media told Americans were just simply conspiracy theories.

If I were Adam's shift, I might begin to liquidate some of those stocks that you've done so well with, Adam.

You might need a fleet of attorneys to keep you out of jail.

You might want to have extra cash on hand.

By the way, Patel is not going in to play nice.

He's the wrecking ball the FBI has been begging for.

The swamp's built a fortress in that agency, and he's kicking down the front gates.

AIDS suits are gone already and that's just the warm-out.

Warm-up.

This is not about loyalty oaths.

It's about yanking power back from the shadows and placing justice where it belongs.

The rats are scurrying.

Good.

Let them run.

Their cheese hasn't just been moved.

It was taken away.

It's going to be very interesting to see how hungry and these terrified rats begin to eat one another.

Justice Department has dropped bribery crackdown.

Trump's POV raises questions, according to the news media.

Reuters said that.

Trump's DOJ in the story is hitting pause on the Foreign Corrupt Practices Act, slicing overseas bribery probes by 30% from 2024's pace.

The critics are yelling, open season.

Trump's squad calls it an unshackling of business, fewer audits, lighter fines.

Trump's side is saying that they view the Foreign Corruption Protection Act as a job killer, strangling U.S.

firms while China cheats freely.

By the way, did China ever pay a price at all for the bribery of our government officials all the way up to and including our former president?

X at Real Scott Ritter smells cronyism.

Fair point, but I think it's murky at best.

Maybe it's growth first.

You know, not global cop duty, but the optics are iffy on this one.

I don't know exactly what the truth is on this one yet, but we'll find it.

I do know this: when the feds ease off, it's usually a breather for the little guy.

But again, without real time spent looking into the dark corners on all sides, this one still feels a little weird.

Trump's all about fair fights, not buddy-buddy deals.

But if this is a wink to his pals,

it's a misstep for the president and the first one.

But I'm not sure.

China is dirty.

Sure.

$14 billion in shady deals last year alone.

But justice doesn't bend for convenience.

Keep it straight, or we're no better off than we were, and we're no better than the other side.

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Now, back to the podcast.

This is the best of the Glenn Beck program, and we really want to thank you for listening.

Daniel Horowitz, guy stands guard on the Constitution and our money and our medicine and everything else.

24-7.

Daniel, how are you, sir?

Well, I'm doing all right, Glenn, but it's deja vu once again.

Yeah.

So

first of all, is there any bright side to what is happening with the budget?

Well, I mean, I guess they're planning on cutting a few hundred billion, so it's better than nothing.

Although it should be pointed out that Republicans are going to spend another few hundred billion that I think we all say we want, the military, immigration enforcement, and then 4.5 trillion to extend the tax cuts.

There's another $2 trillion to enact Trump's new proposed tax cuts, which I think we shouldn't treat as spending, but do remember in the short term, we do have to print more money to deal with the deficits.

And I think this is the overall problem

that Republicans always get themselves into.

When Democrats are in power, we all sound the same.

Oh, it's terrible.

Biden inflation.

Look what they're doing.

But then when Republicans get in, we're not on the same page and they don't understand the mutual exclusivity of their arguments.

This is literally Obamacare 2.0.

They hated Obamacare, except they loved the aspects of it that made it expensive.

So same thing here.

Everyone hates inflation, except they don't want to actually reform or cut anything that's driving it.

And right now, we're at a point where we cannot achieve our parents' standard of living right now.

It is that bad.

According to BLS, we're spending a family of four is about $15,000 more a year than pre-COVID.

Remember, the average family got about $11,000 in stimulus checks.

That sounded nice.

But they're now paying $15,000 more every single year.

Oh, and I forgot to tell you that over the next 10 years, there will be $89 trillion in spending, $22 trillion in deficits.

and that assumes that there won't be a recession, 2.8% sustained growth, no wars, and no disasters.

So that's what we're facing now.

That's unsustainable.

I mean,

here's what nobody is talking about.

First of all,

the spending will lead to more inflation.

We have got to get the spending under control.

We also have to cut the regulation.

We have to cut taxes and make them better than anyplace else

in the world.

We have to get serious or

we are at

the doorstep of the funeral home.

We're already there.

We're walking towards the casket.

You cannot keep funding our debt.

No one wants our debt anymore.

And so interest rates on the debt are already at a trillion dollars a year.

If we don't change our course, it'll be 1.5, 2 trillion, 3 trillion a year.

And then it's an out-of-control death spiral.

No, exactly.

And 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.

Precisely at that time, there's decreased demand.

Central banks are buying up gold.

China and Japan are moving away from our treasuries.

So 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.

So I think Republicans have a golden opportunity, unlike a generation ago where people didn't see the pain.

It was a futuristic thing.

And let's face it, no one cares about their kids and grandkids, even though they say they do.

But this is a now problem.

And I think Republicans have failed to communicate and complete their sentences that what is causing the current and future inflation are these very programs.

So 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.

They got to be honest.

But 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.

We're lying to ourselves, and we're setting us up for failure.

Well, that's, I mean, the one hope that I have,

because I, you know, I'm seeing the cuts, and we're not anywhere close to a trillion, and we should be cutting about $2 trillion.

At 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.

The 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.

We've found all of the DEI stuff.

We're not going to find half a trillion dollars in that.

We're just not.

And we're not going to find

things like USAID.

We're not going to find those everywhere.

I was a little disappointed in the statement from the Pentagon yesterday that we're not going to make cuts.

We're going to reinvest.

We have to make cuts in everything.

Everything.

There cannot be a sacred cow.

No, and especially if you want to fulfill the president's promise to kind of wall off Social Security and Medicare, you could do that, but then you really, really have to go aggressive on education, housing, transportation.

It should all be state and local function.

And then obviously Medicaid and food stamps.

Trump's message, if I were him, would be, look, we're going to get rid of the foreign labor that's driving down wages.

get 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, but we are going to ease off welfare.

There is no shortcut to that message.

You need wholesale health care reform, the way we approach healthcare.

See, the ways fraud and abuse in Medicare and Medicaid is not a bug, but a feature.

It's the third party grifting

this, you know, the middleman.

We've got to cut out the middleman.

But if you want to maintain the current structure, the notion that you could have painless, just

condoms in Gaza causing inflation, that's not it.

Those are policy problems.

Foreign aid is a policy problem.

Illegal immigration is a policy problem that does have a fiscal cost, but that's not fundamentally where the money is.

And I think some people are being very dishonest and they're setting themselves up for failure.

Hence, when Republicans come to actually craft a budget,

we can't even get them on board for $1.5 trillion in cuts over 10 years.

You know, Donald Trump asked yesterday, I believe it was, for a balanced budget.

He said, I want a balanced budget.

And this is so far away from a balanced budget.

I wish he would start pushing the political nuclear buttons on members of Congress.

He has the clout right now.

He has the nation's attention,

and he has

the attention of the GOP.

They know the Mitch McConnell's in the world have no power left.

It's all gone to Donald Trump.

Now is the time to start saying, Congress, I'm going to explain to the American people that you can't find these cuts.

You have to find these cuts now.

He needs to be, step up to the table and be the Donald Trump that he's being everywhere else.

Why isn't he?

You 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.

The cuts to the federal workforce reflect this sort of vision.

Yes.

But 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.

And then he's got to threaten primaries against those guys, not the Freedom Caucus guys, because what winds up happening is the opposite.

He kind of leaves it to Congress.

Well, if you leave it to them, you know, the bad guys are

authority.

Yep.

Yeah.

So then they come to him and say, oh, I got a deal.

And then the Freedom Caucus balks at it and he yells at them.

That's got to change because otherwise, they're about to fund so many of the things that he started to cut.

Which 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.

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.

It's just reversed.

And the country cannot take these swings this far back and forth.

No, absolutely not.

And part of the reason why we are where we are is because Republicans always had pay go.

They always said they have offsets.

But what they would do is when they're in power, they would backload the savings and front load the increased deficit spending or, you know, whether it's tax cuts or whatever.

And then Democrats inevitably come in, erase that with interest, and you're left with the bad and not the good.

So, I mean, this is why you either have to front load the cuts or at least frontload structural reforms or devolution to the state in a way that makes it harder for Democrats to claw back.

One quick idea I'd love to pitch is, you know, Trump doesn't want to deal with the debt ceiling.

One way to deal with that is devolve it to the states.

And 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.

They'll never do it.

So that would bring the fight.

to the grassroots in the red states and finally make us make those decisions.

Yes, Democrats could come in and claw that back.

But once you give that to the states, it's a lot harder to do.

We need enduring victories this time.

You're listening to the best of the Glenn Beck podcast.

Hear more of this interview and others with the full show podcast available wherever you get podcasts.

Hey, I've got good news for you.

It's Friday.

Welcome.

Glad you're here.

Did you hear the economic advisor to Trump, Kevin Hassett, on tariffs and

tariffs replacing the income tax?

Listen to this, cut 10.

President Trump has spoken about replacing income tax with tariff revenue, especially with all this waste, fraud, and abuse that we're seeing cut.

Is that a possibility?

Absolutely.

And 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, that it's between $500 billion and $1 trillion over 10 years is our estimate.

And that's something that is outside of the reductions that markets are seeing through the negotiations up on the hill.

And so we expect that the tariff revenue is actually going to make it much easier for Republicans to pass a bill.

And that was the president's plan all along.

Okay.

All right.

Okay.

Help him pass a bill.

That's okay.

Good.

That's good.

But abolishing the IRS and the income tax, that was the real question here.

And I know Trump is talking about it.

He wants to abolish the IRS.

And let's let's just...

Do we have the porn music?

Because that is

a Friday.

Yeah, baby.

Why didn't you delete this, Sarah?

You're a bad person.

You're a bad person, and people are judging you for what you have done.

I'm taking that big, long knife.

Do you want this?

To the IRS, baby.

Yeah.

This is Sarah's fault.

This isn't even Glenn.

I don't even hold Glenn responsible for this warm stop.

I mean, that's conservative porn, man.

Getting rid of the IRS, that would be, yeah, it would be unbelievable.

However,

let's keep things in perspective here.

The tariffs, I mean, I'd like to see the actual numbers on the tariffs.

And look,

if he could abolish the IRS and cover our spending with tariffs and not go to World War,

man,

you strap me to the outside of a Musk rocket, okay, and I'll scream all the way up, I was wrong.

I'll do that, okay, and I'd happily do that for my children.

It might be worth passing the policy just to see it, honestly.

Right.

And if that would happen for my children, again, it would be worth it.

But I just don't think that we are

there.

It is a great thing to shoot for.

But I want to see,

I want to see a trillion dollars from Doge.

I mean, an actual trillion dollars from Doge before I begin to say anything.

We are, what is the, the new budget that some of them are talking about is like four trillion dollars over?

I think it's three, yeah.

Three?

Okay, so you have to cut.

You cannot have three trillion dollars in borrowing.

You just can't do it.

That used to be wartime catastrophic

economic collapse type of stuff.

It's fiction novels.

Right.

And now we're just there all the time.

I will say this, Glenn, and you know this about me.

I'm about as anti-tariff as anybody.

Yes.

Right.

Like I am, you know,

Scott Linsicum, if you know him, I'm basically Scott on the tariffs.

I'm against them.

I don't like taxes.

He doesn't even like terraces.

No, no, I don't like tariffs.

I don't like, I don't even like Paris.

No, he doesn't like it.

He doesn't like any rhyme tariffs.

I don't like it.

He doesn't like it.

However, I've been relatively muted in my criticism of these tariffs.

And what he just said is part of the reason why.

These tariffs, which come along with these tariffs, an economic projection of revenue, right?

As he said, like, oh, we're going to bring in $500 billion

in the next 10.

Now, is that really going to happen?

I don't know.

What tends to happen if you have a long-term tariff is that companies that don't want to deal with that tariff move to other places.

And there are cheaper places than China to make these goods.

And they wind up getting shipped in from a different country.

And you're chasing the tariffs.

There's all sorts of issues with those projections.

However,

what you need in a reconciliation bill to pass a reconciliation bill is a balanced budget on the bill and actually lowering the deficit.

So if he can put in that bill and have economic projections that help that bill get across the finish line, what we might see is actual legitimate tax cuts, sort of based on, I would say, a gimmicky approach, but one that may very well be needed, especially when you don't get the scoring that you want.

So I do think that is part of the strategy here and why he's launched those so early without even at times giving these countries a chance to talk, right?

Like, I mean, he's kind of fired these things out there really quickly.

And he just admitted it, but my suspicion the entire time was part of this is going to be scoring for this reconciliation bill that's right around the corner, which needs to get done relatively quickly.

So I do think that's part of it, and I understand that strategy part of it.

I wish the Republicans had the cojones, which I think is French for marbles,

to

actually stand up and cut the spending and the income tax and the capital gains tax and the business tax 15, 15, 15.

If you have.

That's higher than zero, I'm hearing.

I don't know why.

It's not a good idea.

Oh, I know because

I'd like it to be zero.

I would love it.

No, no, no.

Again, do I have to play the tune before getting to zero?

I mean,

I am all.

He doesn't even have control with the music.

You're oppressive.

Get to zero.

This is very disturbing.

So

even Tanya is vomiting right now.

She's like,

okay, anyway.

So

I'd like to get to zero, but imagine if we had 15% corporate rates, 15% income tax, 15% capital gains tax.

That is a huge, a massive cut.

By the way, no matter how high the taxes are,

you always,

always,

it returns about 17%

back to the

treasurer.

Of GDP.

So you get 17%.

No matter if you have 25% or 95%,

it's always a return of about 17%, 17 to 19%.

So, you know, why we don't have a flat tax of just 17% when you're talking about 15% for everybody, and it's just locked in.

It's just 15%.

When that happens, your money stays with you.

Your money stays with people investing.

You are not...

punished for investing in things through capital gains.

15%?

Okay, I still think that's absolutely unreasonable.

That one should be zero.

I've already paid taxes on that money once.

You're going to double tax me now?

No.

But

if that's what we have to do to get movement, that would spur on the economy.

What I'm not seeing enough of, and I know it is happening,

and I know the president knows this has to happen faster and it has to happen within the first hundred days, is massive cuts in regulation, massive cuts in

taxes, and massive cuts in spending.

If we can get that trifecta,

we save the nation for our children.

It will be tough, but it won't be tough.

You know, the thing about the tariffs that we fail to look at is if we have tariffs, and let's say they're 25% tariffs, whatever they're inflicting on us, we inflict on them, okay?

But we say, if you build it here, however, you're only going to pay a 15% income tax, which they can't get anywhere else.

You won't get a 15% income tax for a corporation anywhere else in the world.

They will begin to return jobs here.

So we not only get the boost of people having more money to reinvest, you also have those foreign countries, because of the tariffs, saying, let's just build it in America because we're going to make more money building it in America than we would in Europe or anyplace else.

Just build it in America.

That actually builds

a country for the future.

And this is why that policy is better than trying to tariff your way into the same solution.

Because if you lower the rates, companies come because they want to come here because they have lower rates and getting the benefits of being in America.

Obviously, you can find some really low rates in countries you don't want to necessarily be in.

But to come to America, you get that rates.

You bring the companies here.

So that's one of the goals, right?

And then, in addition, you get that tax revenue here.

The issue with tariffs is you get one or the other.

If your policy to bring people here succeeds, you lose the revenue from the tariffs.

Correct.

If you keep the tariffs high and get that revenue, they don't come back here.

Correct.

So that is why that policy gets both.

Right.

It's like taxing

tobacco out of business and putting all of those taxes to health care.

Right.

Well, if it works, you won't have any money for health care.

You know what I mean?

And so if the tariffs work, you won't have a lot of tariffs because people will bring their, but it's a win-win.

Because if you lower the income tax, they bring their companies here.

You don't have that tariff blocking, but you're taking 15%

and 15% from all of the workers in these corporations as well.

That's the win.

And that's what Trump, I believe, is trying to do.

I mean, he said before that he would like all tariffs to be zero.

Even though he says also he really likes tariffs, I think he likes what they accomplish.

Not necessarily raising taxes on people.

He doesn't like doing that, obviously.

But he does like the idea of fairness.

And that's why the reciprocal tariffs, I think, really work for him, you know, where he can say, look, I'm not trying to tax you guys out.

I don't want my people to pay more for stuff.

What I want, though, is it to be fair.

And that is something that's hard to

argue with.

It's hard to argue with.

Again,

you can, but still.

Oh, they will.

And

it's a sensible thing because it also incentivizes them to lower theirs.

I mean, I think we can.

We are the number two exporter in the world.

Outside of China, we are the number two.

We were number one for a long time.

We're now number two.

But it's not like we don't sell products to the rest of the world.

There's no reason we should be penalized.

And there's no reason we should be penalized in a higher level than the people that are importing stuff to here.

That's the only reason why it's because our politicians have convinced our nation and its people that

we have it too good.

We have it too good.

We got to give other people a shot.

Well, yeah, I don't have a problem with that.

You fix your country and you make it so business wants to come there.

That's healthy.

Let's do that.

that's fine but i'm not going to destroy our country so somebody else can get ahead that doesn't make any sense i just want fair that's all i want whatever you're charging us we charge you that's totally fair understandable instinct yep

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