America tried to save the planet and forgot to save itself



Let’s face it: $20 trillion is a lot of money.

One would expect a big bang to follow the spending of 20,000 billion dollars. It’s a lot of money! In fact, it’s pretty much the total present value of America’s GDP.

The American economy sent trillions to our south and east — putting America second, hollowing out the American middle class, and neutralizing the American dream.

This is the total amount spent globally — largely by Europe and the United States — in a coordinated effort by the developed world to decarbonize the global economy. China, in contrast, sold windmills and solar panels worldwide while opening a new coal-fired power plant every month.

What was the net effect of this “Green" Marshall Plan? Hydrocarbon consumption continued to increase anyway. All that was achieved was a tiny reduction, just 2%, in the share of overall energy supplied by hydrocarbons. Put simply, as the energy pie got bigger and all forms of energy supply increased, hydrocarbons ended up with a slightly smaller share of a larger pie.

We also saw the deindustrialization of the European and American economies — not just with higher prices at the gas pump and on electric bills, but a stealth green tax that was passed on to consumers on everything. This is the culprit of our American and global affordability crisis. So much treasure and pain for a 2% reduction in the share of hydrocarbons.

Ironically, a byproduct of this Green Hunger Games was political populism.

What a waste. The worst bang for the public and private buck ever. Yet the Chicken Little believers of the Church of Settled Science and the grifters who profited from it will still sing in unison that it failed because they did not go far enough. If only the global community spent and regulated more!

In contrast, the Marshall Plan (1948-1951) rebuilt a decimated Europe into an industrial, interconnected, and peaceful powerhouse. It was a great success by any measure. At the time, its price tag was huge: $13.3 billion in nominal 1948-1951 dollars, equivalent to approximately $150 billion in today’s dollars.

Since a trillion is such a large number, let’s divide $20 trillion by an inflation-adjusted Marshall Plan of $150 billion, and we have 133 Marshall opportunities. Money was not the problem. To give a sense of the comparative bang for buck, by the Marshall program’s end, the aggregated gross national product of the participating nations rose by more than 32% and industrial output increased by a remarkable 40%.

President Trump has been on the global funding rounds and has secured more than $18 trillion in foreign investment. That’s roughly the equivalent of 120 Marshall Plans — just 13 shy of $20 trillion — to be invested here and nowhere else.

Unlike NAFTA, through which the rich got richer under the banner of free markets in exchange for cheaper consumer goods, Trump’s policy is a recipe for prosperity for all Americans.

RELATED: Trump administration saves billions in simple move globalists and climate activists alike will hate

Photo by David Paul Morris/Bloomberg via Getty Images

Making these investments a reality in America will require a growing army of blue- and white-collar workers. With the wealth that it creates, our debt could be paid down and, finally, retired. Social Security and Medicare would be placed on a solid footing for time immemorial. All our public obligations to one another would be met by ever-growing prosperity, not by borrowed money and suffocating debt service.

Nothing approaching this level of intentional investment in a single country has ever been done. Yes, a similar tranche of greenbacks was burned with no discernible environmental benefit and great economic hardship for all. And yes, the American economy, under the guise of comparative advantage, sent trillions to our south and east — putting America second, hollowing out the American middle class, and neutralizing the American dream.

Trump’s plan is the opposite of both failed experiments. Like the original Marshall Plan, Trump’s is a recipe for the reindustrialization of the American economy and military, and it is not going to be fueled by windmills and solar farms but with hydrocarbons and uranium. That’s the Trump plan. It has merit.

Yet if we look at the polls, Trump is under water, and his base is showing signs of stress fractures. You bring peace to the Middle East, stop six other wars, and bring in some $20 trillion in America First investments within your first year, and you come home to find yourself under water and called a “lame duck.” Democracies are known to be fickle and hard to please, but this is still rich — and it will result in poverty if it continues.

Without the use of Trump’s tariffs and dealmaking, there would not be $20 trillion looking to onshore in the United States. You can blame Trump for higher costs on bananas and coffee, but it is the cost of electricity and health care — not the cost of coffee and bananas — that is roiling kitchen-table economics.

Vice President JD Vance recently made the right call for popular and populist patience. Those who are impatient should look at the offsets already passed, such as no taxes on Social Security, tips, and overtime. That helps pay for bananas and coffee and then some.

The sovereign wealth funds that are presently lining up on our shores are coming here based on promises made by a can-do president speaking for a can-do nation. While Trump is a can-do guy, are “We the People” still a can-do people? Or do we at least want to return to becoming a can-do people again?

The “can’t-do” forces are legion, and they are the ones now championing the affordability crisis they caused. When America was a can-do nation, we built the Empire State Building in a year. Today, it would take years to get a permit.

RELATED: From Monroe to ‘Donroe’: America enforces its back yard again

Photo by Jim WATSON/AFP via Getty Images

Those willing to invest such money will require some certitude that the power they will need will be there to “build, baby, build.” If not, the money and the opportunity will pass before they have the possibility to take needed root.

And what about us, the American family, worker, and business continuing to struggle under the legacy of throttling energy privation? In short, we all have a common good — a shared interest — in righting the wrongs that control our grid and our nation’s future.

The good news is that a bill was introduced in the House during the government shutdown. It’s called the “Affordable, Reliable, Clean Energy Security Act.” Unlike Obamacare, which clocked in at 903 pages, this bill is a lean 763 words. If it becomes law — and it should — it would change everything for the better, unlike Obamacare, which is a recipe for unaffordability.

Trump’s One Big Beautiful Bill Act was missing this one thing. His short- and long-term America First ambitions would be significantly strengthened by making this energy bill law before the midterms. Executive orders don’t provide the energy security these investors require or the American people deserve.

$20 trillion is a lot of money. Coming to our shores is a new lease on the American experiment as we enter our 250th birthday, hopelessly divided and broke. Let us come together to solve not just the affordability crisis but also set the conditions for greatness for the next 250 years.

Editor’s note: This article was originally published by RealClearPolitics and made available via RealClearWire.

Federal Reserve obliges Trump, cuts interest rates for the third time this year



In a move championed by President Donald Trump, the Federal Reserve cut its key interest rate by 0.25% to a range of 3.5% to 3.75% on Wednesday, the third cut this year, lowering borrowing costs and giving some lift to a flagging job market.

Only three members of the Federal Reserve Board of Governors voted against the cut: Stephen Miran, who wanted to lower the target range for the federal funds rate by 0.5%, and Austan Goolsbee and Jeffrey Schmid, who both figured it was presently best not to have any cuts at all.

'Available indicators suggest that economic activity has been expanding at a moderate pace.'

Joseph Brusuelas, chief economist for the financial services firm RSM US, noted in a Tuesday analysis that the Fed was faced with the "difficult choice of either aggressively fighting inflation or hoping to revive a sluggish labor market and slowing economic activity when it meets on Tuesday and Wednesday."

Rate cuts can help boost the stock market — encouraging spending, investing, and business activity by lowering savings rate and borrowing costs. However, by increasing the supply of money, they can also exacerbate inflation.

The annual inflation rate was around 3% for the 12 months ending September, according to U.S. Labor Department data. The Fed's inflation target is 2% over the longer run — hence the resistance to another cut by some policymakers.

"The [Federal Open Market Committee] seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook remains elevated," the Fed said in a statement on Wednesday. "The Committee is attentive to the risks to both sides of its dual mandate and judges that downside risks to employment rose in recent months."

In light of its goals and "the shift in the balance of risks," the FOMC determined that a drop in the rate by 0.25% was worthwhile.

"Available indicators suggest that economic activity has been expanding at a moderate pace. Job gains have slowed this year, and the unemployment rate has edged up through September," the Fed noted further. "Inflation has moved up since earlier in the year and remains somewhat elevated."

The rate-cut decision on Wednesday comes months after the Fed similarly lowered its benchmark interest rate by 25 basis points in September to a range of 4% to 4.25%, and after weeks of disagreement on the central bank's 12-member policy committee regarding the prudent way forward.

Chris Brigati, chief investment officer at the financial services company SWBC, told the Financial Post ahead of the announcement that the Federal Reserve was divided on how to proceed with rate cuts in 2026 "given the delicate balance between job market weakness and still-elevated inflation."

"There is also uncertainty about the new Fed chair, and that may also add to the central bank's reluctance to make any major rate moves in the months leading up to Chair Powell's term ending," Brigati added.

RELATED: Can presidents fire all federal bureaucrats at will? Supreme Court to hear case with major implications.

Photo by Chip Somodevilla/Getty Image

In search of someone suitable to replace Fed Chairman Jerome Powell, whose term ends in May, the president has been interviewing various candidates, including Christopher Waller and Michelle Bowman, both members of the Federal Reserve Board of Governors; former Fed governor Kevin Warsh; and BlackRock fixed-income chief Rick Rieder. Top White House economic adviser Kevin Hassett is, however, reportedly regarded as the frontrunner.

The president told reporters on Air Force One on Tuesday, "We're going to be looking at a couple of different people, but I have a pretty good idea who I want."

When asked in his interview with Politico the previous day whether it is "a litmus test that the new chair lower interest rates immediately," Trump said yes and noted, "We're fighting through interest rates."

The Federal Reserve also released on Wednesday its regional bank presidents and governors' quarterly set of economic projections. They anticipate a rise in the unemployment rate from 4.4% in September to 4.5% by year's end; the GDP to grow by 2.3% in 2026; and inflation to sink, but nowhere below their 2% target.

Like Blaze News? Bypass the censors, sign up for our newsletters, and get stories like this direct to your inbox. Sign up here!

BlackRock and friends may soon control your digital wallet



America is on the edge of a financial cliff, and Washington’s so-called “solution” is yet another clever ploy that could further centralize power and lead to a reduction in freedom.

The latest scheme is a bipartisan bill dubbed the Genius Act. The U.S. Senate passed the bill on Tuesday by a vote of 68-30. The bill now moves on to the House, where its prospects are less clear.

It’s time for the right to sound the alarm and reject the Genius Act — at least until it offers protections for individual liberty.

Supporters of the law claim it will modernize digital finance by issuing new regulations for stablecoins, shoring up assets currently used by millions of people worldwide.

But the legislation comes with serious threats to liberty as well. It could ultimately become a backdoor way to create a digital dollar, one that offers minimal privacy protections and is easily controlled by massive institutions unaccountable to voters.

What is the Genius Act?

Officially named the “Guiding and Establishing National Innovation for U.S. Stablecoins Act,” the Genius Act aims to bring order and credibility to the booming stablecoin market.

Stablecoins are cryptocurrencies tied to supposedly “stable” assets like the U.S. dollar. USD Coin and Tether — two of the most widely used — circulate more than $200 billion combined.

The bill creates a regulatory framework for stablecoin issuers, allowing them to operate under either state or federal supervision. Lawmakers believe this approach will boost credibility with consumers and financial institutions.

The legislation also forces issuers to disclose their reserve assets, submit to public audits, and comply with the Bank Secrecy Act. That law requires financial entities to implement know-your-customer protocols and anti-money-laundering measures — rules that many stablecoin issuers currently avoid.

Most importantly, the Genius Act would force issuers to back their coins with liquid assets, such as U.S. dollars and Treasury securities. For example, for every USD Coin distributed, the issuer would need to maintain $1 in reserves or Treasury bills of equivalent value, ensuring that users can always exchange their stablecoins for dollars.

The Genius Act has drawn broad bipartisan support on Capitol Hill. Lawmakers from both parties praise its regulatory ambitions. But behind the applause lie serious risks.

Programmable money vs. financial freedom

The bill lays the foundation for a programmable digital currency system — one that lacks basic protections for privacy and liberty.

By granting stablecoins federal recognition and placing them under strict oversight and reserve rules, the Genius Act effectively turns them into government-blessed digital dollars, even if the federal government doesn’t issue them directly.

That might sound like progress — if the bill actually protected consumers. But it doesn’t.

The legislation includes no safeguards to prevent stablecoin issuers from linking usage to social credit systems, such as ESG scores, or restricting legal but politically disfavored transactions. These programmable currencies could easily reflect the ideological preferences of their creators.

RELATED: A brutal wake-up call from America’s most powerful banker

Photo by Al Drago/Bloomberg via Getty Images

Want to donate to a political cause that a stablecoin company opposes? Expect a digital roadblock. Want to buy red meat, a gas-powered car, or anything else that fails to meet an ESG benchmark? Your money might simply stop working.

That’s not science fiction. That’s the likely outcome if Congress fails to add robust consumer protections to the Genius Act.

A forced hand

No one needs to use stablecoins — at least not yet. The Genius Act doesn’t eliminate traditional dollars. For now, consumers still have alternatives. But that could change quickly.

Stablecoins regulated by the U.S. government offer clear advantages over traditional currency. They move instantly, cost little or nothing to send, and operate around the clock. Because they’re digital, they require no physical infrastructure to create or distribute.

In nearly every respect, government-regulated stablecoins outperform paper money. Once the U.S. government legitimizes them and guarantees their safety, adoption will surge.

As usage grows, demand for traditional dollars could shrink. The companies issuing stablecoins would gain enormous control over economic life. Financial institutions could even begin phasing out physical currency, leaving those who resist digital money with no practical alternative.

That’s why Congress must include strong protections for individual liberty in any bill that accelerates stablecoin adoption. Without those safeguards, Americans may one day wake up to find their economic freedom coded out of existence.

A boon for Treasurys

One of the primary reasons so many in Washington support the Genius Act is that it would increase demand for Treasury bills, which helps the federal government finance its massive debt.

The Genius Act would require stablecoin issuers to back their currencies with cash or U.S. Treasurys. Of the two options, Treasury bills often make more sense for the companies issuing stablecoins. Why? Because Treasury bills pay interest.

Washington is drowning in red ink. With over $36 trillion in national debt and counting, the government desperately needs someone to keep buying its IOUs. Stablecoins could offer a trillion-dollar solution. By 2028, the Treasury Department estimates that stablecoin issuers could hold up to $1 trillion in Treasurys, so long as legislation like the Genius Act becomes law.

The Genius Act isn’t primarily about innovation. It’s about bailing out a bankrupt government.

Who’s pulling the strings?

Even more troubling is who stands to benefit. Major players behind these stablecoins include BlackRock, Fidelity, and other financial giants with deep ties to the globalist ESG agenda and organizations like the World Economic Forum. These aren’t neutral actors. They are ideological enforcers with an appetite for control.

Are these the people we want managing the digital currency of the future?

Are these the institutions we trust to safeguard our freedoms?

It’s time for the right to sound the alarm and reject the Genius Act — at least until it offers protections for individual liberty. If we do not act now, we may soon find ourselves in a nation where every transaction is tracked, every purchase scrutinized, and every dollar you “own” is merely rented from a system that can revoke your access with the flick of a switch.

DOGE Can’t Reduce Government Spending Until Washington Fixes Entitlements

Mandatory spending programs all operate on autopilot, meaning DOGE cannot truly restrain their growth absent action from Congress.

Thanks To Massive Deficits, U.S. Will Pay $13.8 Trillion In Interest Over The Next Decade

By 2035, CBO believes net interest payments on the deficit will 'account for about one-sixth of all federal spending.'

'That's what decades of reckless, hegemonic rule by The Uniparty™️ does': Mike Lee sounds off about US debt, spending



Republican Sen. Mike Lee of Utah is sounding the alarm about the massive interest on the nation's debt.

"We're so screwed. And glued. Also tattooed. Interest will top $1.1 trillion this year. That's what decades of reckless, hegemonic rule by The Uniparty™️ does," Lee tweeted.

"It's time to clean house."

The senator made the comments in response to a post by E.J. Antoni, "Research Fellow in the Heritage Foundation's Grover M. Hermann Center for the Federal Budget," who had tweeted, "Interest on the debt is going to the moon: Treasury now projects it will cost over $1.1 trillion during the current fiscal year."

— (@)

The U.S. national debt is more than $34.5 trillion.

Lee sounded off about politicians who have been green-lighting massive spending measures.

"I hope the fleeting moments of media praise—heaped on the heads of complicit politicians each time The Uniparty™️ passed a bloated spending bill—were worth the resulting devastation," the senator tweeted. "I hope the earmarks that served as propellant for most of the spending—even as Americans repeatedly begged Congress to abandon earmarks—were worth crippling economic growth, mobility, and opportunity for hardworking families," he continued. "I hope the warm and fuzzy feeling members of The Uniparty™️ had, all in the name of 'getting things done,' were at least enjoyed by someone while they lasted," Lee added.

"It's time to clean house," he declared. "It's time for a new approach in Washington—one that doesn't pretend we're drawing from an endless well. It's about to become painfully clear that we're not," he concluded.

— (@)

Like Blaze News? Bypass the censors, sign up for our newsletters, and get stories like this direct to your inbox. Sign up here!

The interest alone on America's debt is nearing $1 trillion — 'We're running out of options'



The stock markets may have had a good month in November — but that doesn’t mean it’s going to last.

After the United States has racked up $20 trillion in federal debt since 2008, Glenn Beck believes the next debt scare could be the real thing.

Glenn refers to an article titled “The Federal Reserve Broke the Budget. Buckle Up for What Comes Next” by Jed Graham of Investors.com, which details the undeniable reasons for the incoming crash.

“Exhibit A,” Glenn reads, “in the case of the broken federal budget is the deficit's surge in fiscal 2023, which ended Sept. 30. Unemployment was near a record low and GDP growth was strong.”

All that sounds great, but under those conditions, the budget deficit would be more likely to shrink. In this case, it doubled to $2 trillion.

“After the Fed sent more than $100 billion in interest on its bond portfolio to the Treasury in fiscal 2022,” Glenn continues, “it had to halt those payments last year as bond prices fell.”

“Having let inflation get out of the bag, an 8.7% cost-of-living adjustment stoked a $134 billion increase in Social Security checks.”

About $100 billion then went to FDIC bailouts to banks like Silicon Valley Bank.

“To top it off, the Fed hiking its key rate past 5% forced Uncle Sam to pony up an extra $177 billion in interest on the debt,” which Graham believes is a problem that will continue growing by “leaps and bounds.”

Glenn sees an end in sight.

“We’re going to have a surge. Enjoy it while it lasts,” he says.


Want more from Glenn Beck?

To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis, and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.

Can America survive paying $1 TRILLION in interest on national debt?



If you thought the interest rates on your mortgage and credit card were bad, wait until you see what the U.S. government has accrued.

The United States has succeeded in creating a yearly interest payment of over $1 trillion on the national debt.

“We can borrow at higher and higher interest rates, so we can make it $2 trillion soon,” Glenn Beck jokes to financial expert Carol Roth.

Roth notes that Secretary of the Treasury Janet Yellen has said that over the next six months, the U.S. will need to borrow almost $1.6 trillion.

Roth has also observed that there’s “absolutely no appetite to cut spending” within the U.S. government.

“We are in a really perilous financial position.”

However, while the U.S. debt rises, there are still many who believe this will not be our downfall.

“People still tell me, 'We’re not going to lose the reserve currency. We’re going to be fine. The dollar is going to be fine. We’re going to come out of this,'” Glenn says, adding, “they can’t explain to me how, but they seem to be right.”

Meanwhile, the world is at war — which Roth notes could bring about a new financial world order.

“Not every war brings about a new financial world order, but every new financial world order has been brought about by war. And to the extent, God forbid, things escalate in a crazy way, that becomes an opportunity to reset,” she says.


Want more from Glenn Beck?

To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis, and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.