This is a rush transcript from "Glenn Beck," March 1, 2010. This copy may not be in its final form and may be updated.
GLENN BECK, HOST: On Friday, the White House announced four more members to the National Commission on Fiscal Responsibility and Reform. Surprise, surprise: SEIU president Andy Stern was named.
Why should you be surprised?
(BEGIN VIDEO CLIP)
PRESIDENT BARACK OBAMA: This was our moment, SEIU. This is our time. And if you keep marching with me and organizing with me in all the 50 states together — you and I — we are going to change this country and we are going to change the world.
(END VIDEO CLIP)
BECK: He means that. Stern said this is the chance to spur job growth, to talk about government-funded programs and, "While we're at the same time restoring long-term fiscal discipline and defining a clear progressive vision for our nation's future."
You got it? "A progressive vision."
After all, Andy Stern only wants what's best for his country's workers. Workers of the world unite. What's wrong with that?
(BEGIN VIDEO CLIP)
ANDY STERN, PRESIDENT, SERVICE EMPLOYEES INTERNATIONAL UNION: There are opportunities in America to share better in the wealth, to rebalance the power and unions and government are part of the solution.
But we need big answers, not small ones. Workers of the world unite. It's not just a slogan anymore. It's the way we're going to have to do our work.
(END VIDEO CLIP)
BECK: What am I missing, America? Please. How are people not getting this? How are your neighbors not getting this?
Andy Stern has shared the wealth and now, the unions and their pensions are in jeopardy, because sharing the wealth, whether it's been at the barrel of a gun like Maoist or at end of a baseball bat like unions, it doesn't work.
I told you that back in April, the SEIU national industry pension fund announced it had been put in what the feds called the "critical status" or the red zone. We're talking about the pension funds that cover some 100,000 rank-and-file members.
Take a look at the funded ratios of 13 SEIU local pension funds from 1996 — this is year that Andy Stern became union president — through 2006. It just goes straight down. You notice that? They're all in critical now. The middle line — show the middle line here — the middle line shows the average trend. You see the union benefits are funded at 90 percent in 1996 when Andy Stern took over. It may drop now to 60 percent funded by 2006. It's worse now.
By the way, when you reach 65 percent on a chart like this, the government says you're critical. It means you're ready to fail. And that is one thing the government understands really well — failure.
I don't know about you, but I don't want Andy Stern on a panel to talk to us about our deficit and how to fix it. I mean, if he wants to testify in front of the panel, you know, give an example of what not to do to our country, yes, he's a good expert on that one. But fix it? No, I don't think so.
Physician, heal thyself. But I wonder if anyone is actually looking to heal us. You heard the goals of Van Jones. You've heard the goals of the communists, the progressives and Andy stern.
You see, we've seen the statistics. We have seen his qualifications. Why would you pick this guy to help us out of our deficit?
Let me show you again what his plans are: "Restoring long-term fiscal discipline and defining a clear progressive vision for our nation's future."
But you have to understand what that means. Do you understand it? Has anybody explained this progressive vision to you? Is it the vision you want for America's future?
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