• With: Glenn Beck

    This is a RUSH transcript from "The O'Reilly Factor," March 11, 2013. This copy may not be in its final form and may be updated.

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    O'REILLY: In "Back of the Book" segment tonight, our pal, Glenn Beck, very busy these days on the radio and the Internet, but we caught up with him late last week.

    (BEGIN VIDEOTAPE)

    O'REILLY: So, here's Beck and we are simpatico. Do you understand that word, "simpatico," Beck.

    GLENN BECK, HOST, NATIONALLY SYNDICATED RADIO: I don't, I don't. I saw it at --

    O'REILLY: OK. It means that you and I are on the same wavelength on the fiscal chaos issue. You're talking about it on your radio show and on your Internet program.

    And, of course, this week, I caused all kinds of problems by talking about it on the FACTOR.

    So Beck and I see the danger here. But there's two -- there's two parts to my question.

    BECK: Yes.

    O'REILLY: Number one, it's hard to convince people who don't pay attention that there is a danger because you can't really see it. It's not like there's a mountain lion on your front lawn, you know.

    BECK: Wait, wait a minute.

    (LAUGHTER)

    O'REILLY: It's a theoretical, "Well, we're going to go bankrupt." And people are going, "Well, I can't see it." How do we sell this.

    BECK: Hang on just a second.

    (LAUGHTER)

    I just want to make sure I'm right, that Bill O'Reilly is asking me how you tell people of a danger or something that's in the future that you can't really prove.

    I mean, this is ironic, Bill. It really is.

    O'REILLY: Well, you can prove it. No, you can prove it. It's not like you saying that the Communists are going to take over the country and all of that. That's not.

    BECK: They are.

    (LAUGHTER)

    O'REILLY: You can prove by a $17-trillion debt which is going to be 20 when Barack Obama gets out of office. That's how you can prove it.

    BECK: Here's the thing. There is nobody who, I think, that can be convinced of this at this point left. Everybody is in such denial -- I mean, here we are sitting with the debt that is overwhelming.

    We are now printing money. Bernanke is saying that it is really only digitization, so it's not really printing.

    Oh, I'm sorry. There's no difference.

    O'REILLY: Right.

    BECK: You explain the stock market --

    O'REILLY: But they don't know Bernanke. They don't know the printing. But you're absolutely right.

    BECK: Right.

    O'REILLY: Is that they're in denial, which is why I had to get Alan Colmes' attention.

    BECK: And what I saw you do to that poor man, I -- Bill, I was shocked. I saw this and I thought to myself, --

    "Now, that is a broadcaster who isn't in control of his feelings and" --

    O'REILLY: Are you talking about Colmes or me.

    BECK: Oh, I thought, the way --

    (LAUGHTER)

    I thought, the way that you personally handled it, Bill, -- you don't get excited like that on television. People don't like that. It doesn't work.

    And the next thing you know you look like a crazy man, you're crying or whatever.

    And, Bill, I was a little disappointed in you.

    O'REILLY: I know. I can see how sincere you are, Beck.