Daniel Horowitz
Appearances
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
Well, I'm doing all right, Glenn, but it's deja vu once again.
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
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, uh, immigration enforcement, and then, you know, 4.5 trillion to extend the tax cuts.
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
There's another 2 trillion to, uh, enact Trump's new proposed tax cuts, which, you know, 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 deficit. 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.
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
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.
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
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.
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
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.
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
No, exactly. And people forget at the very time where we have record treasuries to offload on the market, the new ones, but also, you know, a third of our existing debt is rolling over at higher rates.
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
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 the treasuries the 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
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
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, I don't want to cause any pain to my districts. The pain of the cost of living is greater than the amount of subsidies they're getting in welfare. They got to be honest.
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
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.
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
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.
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
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.
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
You need wholesale health care reform, the way we approach health care. See, the ways fraud and abuse in Medicare and Medicaid is not a bug but a feature. It's the third-party grifting, 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.
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
Those are policy problems. Foreign aid is a policy problem. Illegal immigration is a policy problem that that does have a fiscal cost. But that's 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.
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
Hence, when Republicans come to actually craft a budget, we can't even get them on board for one point five trillion in cuts over 10 years.
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
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, the federal workforce reflect that. this sort of vision. Yes.
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
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. Yep. Yeah.
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
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.
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
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.
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
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 front load 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.
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
One way to deal with that is devolve it to the state. 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.
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
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.
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
So, again, I think much like with the federal workforce and the programs, a lot of this is the bigger, more transformational change that you're going to do, it ultimately requires Congress.
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
I'm thinking of things like, first of all, the whole, the entirety of the Green New Deal, but things like the 2005 Energy Policy Act, all this misallocation of resources, the ethanol stuff, the global warming needs to be extirpated from the government. I mean, that is really what is killing our economy. So what Republicans have done until now is this sort of hybrid where yes to drilling, oil, gas,
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
But at the same time, we're going to indulge this global warming lie and subsidize this alternative economy that crowds out real energy sources.
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
But we've crowded out, you can imagine, the hundreds of billions of dollars of misallocated resources. So this is another big issue that Trump promised to get rid of the Green New Deal. Why is that not in budget reconciliation? It passed. through budget reconciliation, to begin with, garbage in, garbage out. But I'll tell you, Republicans, a lot of these guys love it in their districts.
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
Well, I got an electric vehicle plant or some sort of solar panel transmission line, and nobody wants to sacrifice anything for a net good.
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
No, that's a brilliant point. And I think this is where Republicans have failed. They've done six rounds of tax cuts. So since Reagan, every time they come in, we're going to cut taxes, cut taxes, but they forget the other half. Now we're paying the piper. Back then, we were kind of like a young teenager where your metabolism could chew it up.
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
And we were able to get away with it for a while, eat that $230 billion in annual interest on the debt. And for the last 15 years before COVID, we had pretty low inflation. That is over with. And this is a now issue. And to me, there's really actually four legs to it. So the regulatory, the taxes, the spending cuts.
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
And I do think, and Trump could do this executively, we need to wean off foreign labor. So at the same time, you're telling Americans we're going to, you know, wean them off of welfare. And also think about all these federal workers. A lot of agencies are going to have computer techs that are cut. You try finding a job where every company only hires an Indian. Daniel Horowitz, thank you.
The Glenn Beck Program
Best of the Program | Guest: Daniel Horowitz | 2/21/25
No, exactly. And people forget at the very time where we have record treasuries to offload on the market, the new ones, but also, you know, 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.
The Glenn Beck Program
Best of the Program | Guest: Daniel Horowitz | 2/21/25
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 pains. 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.
The Glenn Beck Program
Best of the Program | Guest: Daniel Horowitz | 2/21/25
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, I don't want to cause any pain to my districts. The pain of the cost of living is greater than the amount of subsidies they're getting in welfare. They got to be honest.
The Glenn Beck Program
Best of the Program | Guest: Daniel Horowitz | 2/21/25
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.
The Glenn Beck Program
Best of the Program | Guest: Daniel Horowitz | 2/21/25
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.
The Glenn Beck Program
Best of the Program | Guest: Daniel Horowitz | 2/21/25
Trump's message, if I were him, would be, look, we're going to get rid of the foreign 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.
The Glenn Beck Program
Best of the Program | Guest: Daniel Horowitz | 2/21/25
You need wholesale health care reform, the way we approach health care. See, the waste, fraud, and abuse in Medicare and Medicaid is not a bug but a feature. It's the third-party gristing, 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.
The Glenn Beck Program
Best of the Program | Guest: Daniel Horowitz | 2/21/25
Those are policy problems. Foreign aid is a policy problem. Illegal immigration is a policy problem that that does have a fiscal cost. But that's 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.
The Glenn Beck Program
Best of the Program | Guest: Daniel Horowitz | 2/21/25
Hence, when Republicans come to actually craft a budget, we can't even get them on board for one point five trillion in cuts over 10 years.
The Glenn Beck Program
Best of the Program | Guest: Daniel Horowitz | 2/21/25
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, the federal workforce reflect that. this sort of vision. Yes.
The Glenn Beck Program
Best of the Program | Guest: Daniel Horowitz | 2/21/25
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. Yep. Yeah.
The Glenn Beck Program
Best of the Program | Guest: Daniel Horowitz | 2/21/25
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.
The Glenn Beck Program
Best of the Program | Guest: Daniel Horowitz | 2/21/25
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.
The Glenn Beck Program
Best of the Program | Guest: Daniel Horowitz | 2/21/25
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 front load 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.
The Glenn Beck Program
Best of the Program | Guest: Daniel Horowitz | 2/21/25
One way to deal with that is devolve it to the state. 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.
The Glenn Beck Program
Best of the Program | Guest: Daniel Horowitz | 2/21/25
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.
The Glenn Beck Program
Best of the Program | Guest: Daniel Horowitz | 2/21/25
Well, I'm doing all right, Glenn, but it's deja vu once again.
The Glenn Beck Program
Best of the Program | Guest: Daniel Horowitz | 2/21/25
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, uh, immigration enforcement, and then, you know, 4.5 trillion to extend the tax cuts.
The Glenn Beck Program
Best of the Program | Guest: Daniel Horowitz | 2/21/25
There's another 2 trillion to, uh, enact Trump's new proposed tax cuts, which, you know, 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 deficit. 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.
The Glenn Beck Program
Best of the Program | Guest: Daniel Horowitz | 2/21/25
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.
The Glenn Beck Program
Best of the Program | Guest: Daniel Horowitz | 2/21/25
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 is that bad according to bls we're spending family of four is about
The Glenn Beck Program
Best of the Program | Guest: Daniel Horowitz | 2/21/25
$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.
The Glenn Beck Program
Best of the Program | Guest: Daniel Horowitz | 2/21/25
So that's what we're facing now.