Tags: Barack Obama | Economic- Crisis | Beck | debt | deal | betrayed

Glenn Beck: We've Been Betrayed

By    |   Tuesday, 02 Aug 2011 03:06 PM

Conservative talk radio host Glenn Beck leaves no doubt about how he feels about the deficit reduction bill that President Barack Obama and Congress finally agreed upon, calling the “big compromise” a betrayal.

Glenn Beck, deficit, deal, betrayed“Don’t be fooled. We’ve just been betrayed by Washington,” Beck writes in a commentary for The Blaze website.

“When Harry Reid hails a ‘bipartisan compromise,’ you know we’re doomed.

“Republicans and Democrats have just negotiated away the future of our children behind closed doors. The big compromise on Capitol Hill features elaborate triggers, tranches, Hornswogglers, Snozzwangers, Super Duper Commissions that will make the Snozzberries taste like Snozeberries, and a whole bunch of other convoluted gibberish that will, no doubt, come with loopholes and create entire new bureaucracies. What it doesn’t do is fix the problem.

“Moody’s will downgrade us. This could happen tomorrow, in six months or maybe a year from now, but at some point in the near future it’s going to happen. And it’s going to hurt. So we must be prepared.”

If Moody’s and other rating agencies do downgrade America’s debt rating and interest rates and inflation rise, Beck predicts:

“Those tanks and missiles Republicans say we need? No more. Those food stamps and green-energy boondoggles Democrats say we can’t live without? Forget it. We won’t be able to afford them. It won’t matter how many prime time speeches the president gives or how dangerous the world gets. The unsustainable cost of irresponsible governance mean everyone loses.

“The fact remains that this deal raises the debt limit by about $2.5 trillion dollars without making substantial and immediate cuts.

“Promises mean nothing in Washington. We need genuine, transformational reform and real spending cuts today, not a strategic Republican victory. The time for political expediency is over.”

The solution to the debt crisis is “simple,” Beck adds: “You cannot spend more than you earn. You cannot run up the largest credit card bill in human history. You want more revenue? Stop chasing income earners overseas by threatening them with higher taxes, stop inflating their energy costs and stop punishing them with never-ending regulations. Mr. President, put down your socialist mop!

“And then balance the budget, cut back the spending and reform entitlements.”

© 2017 Newsmax. All rights reserved.

 
1Like our page
2Share
InsideCover
Conservative talk radio host Glenn Beck leaves no doubt about how he feels about the deficit reduction bill that President Barack Obama and Congress finally agreed upon, calling the big compromise a betrayal. Don t be fooled. We ve just been betrayed by Washington, Beck...
Beck,debt,deal,betrayed
366
2011-06-02
Tuesday, 02 Aug 2011 03:06 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved