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June 11, 2010 - Rush Limbaugh Program
36:47
June 11, 2010, Friday, Hour #1
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Welcome to today's edition of the Rush 247 podcast.
Yep.
Me again.
The Rush Honeymoon continues.
He'll be back next week.
I'll be telling you about Monday's guest host.
But you have me today.
One of the uh joys of filling in on this program is that Rush and his staff encourage the guest hosts to talk about what they really want to talk about and don't make it talk about what you really don't want to talk about.
Like I really don't want to talk about the World Cup.
What I really want to do is make fun of the World Cup, but I'm not going to make fun of the World Cup because when you insult soccer, you get the same reaction from soccer fans that you get when you insult an aging Democratic senator's hair.
They go nuts and blow it up all out of proportion, so I'm not going to make fun of the World Cup until maybe later in the program.
There's a topic that I really want to do today, and I'm going to do it here in the first hour.
But I also want to tell you I am fascinated by this story of this 16-year-old girl from California who's adrift in the Indian Ocean in a sailboat that's mass busted and it's going to take hours for any rescuer to get to her.
She sent out distress signals.
They found her by playing.
She's just out there in the middle of the it's it's a remarkable story.
First of all, I don't know any parent that would allow their kid to they don't allow kids to go or do overnights anymore.
She's in the middle of the ocean.
I want to talk about that later on in the program.
I do want to deal with something right now.
Similar to the way I approached yesterday's program.
When I was sitting in for Rush yesterday, I shared with you the piece that appeared in the Wall Street Journal earlier this week by Arthur Laffer, the prominent conservative columnist, the supply cider, who believes that there will be an economic collapse next year because of the expiration of the Bush tax cuts at the end of this year, creating a massive tax increase.
It's something that nobody's really talking about.
And I felt it very, very important to take my opportunity on this huge stage, Russia's show, to talk about it.
I've got another one of those issues today.
I want to talk about the deficit.
For the last 30 years, the people who would worry about the deficit and the national debt came across as a bunch of paranoid, worried, nervous knellis.
They kept saying the sky is falling in, we have all this debt, the sky is falling in, the sky is falling in, the sky is falling in.
And the sky never fell in.
And I used to make fun of them.
Because they were constantly panicked.
They were using the expanded national debt as arguments for raising taxes, which would have only made it worse.
They argued that we could never cut taxes because it would expand the debt.
And here we had this debt that was very easily financed because the entire world wanted to buy American treasury bonds and treasury notes and treasury securities.
It wasn't that big of a problem.
And the people who worried about the deficit came across, as I said, as a little weird.
And they had no real following.
For that reason, the real threats that we have now, the massive increase in the national debt, and the explosion of the budget deficit under President Obama are being ignored by too many people.
When somebody says the sky is falling, the sky is falling and the sky is falling, and the sky never falls.
It doesn't mean that at some point the sky couldn't fall.
Chicken Little might have eventually been right.
The point is that things have changed.
We are no longer running deficits that are manageable as a percentage of our economy.
The deficit being run this year and the one that will be run next year, which I believe will be worse, are out of control.
Government has only a couple of ways that it can deal with the fact that it is spending more than it's taking in.
It can try to raise taxes, which never works, or it can inflate the currency by simply flooding the country with an Enormous monetary supply, which will result in inflation.
There aren't many other options.
It's not like you can simply walk away from it.
When an individual or a business gets out of control with borrowing, they eventually either face a real witching hour in their lives, or they turn on the TV and see one of the bankruptcy attorney's telephone numbers and call them up and file for one of the chapters and they discharge a lot of their debts.
Their credit rating is shot, but they're able to get on with their lives.
Is that what we want?
You want the United States to say we're only going to pay ninety-one cents on the dollar on our bonds?
That would devastate all the senior citizens and all the businesses and all the banks that are holding these.
It won't get to that point.
This is just panic monitoring.
The economy has always recovered.
The deficit will go down, and the national debt is manageable.
Really?
I want to share with you a very interesting piece written by Michael Frank.
Michael Frank is with the Heritage Foundation.
Put this out several days ago.
He's the vice president of government relations for the Heritage Foundation.
Tipping points, we need swift, wise fiscal action to fend off financial disaster.
It's long, I'm not going to read the whole thing, but I want to hit his key points.
He writes, some have been sounding the alarm about our government's mounting debt for decades.
In the past they were generally dismissed as alarmist, crying wolf.
Today, however, most Americans clearly hear the lupine clause of national debt scraping at the door.
More and more Americans now share the unpleasant feeling that our nation has edged up to some sort of fiscal precipice.
Moreover, the concern is not sparked by a specific policy or confined to a particular demographic or interest group.
A clear majority of Americans now expect our military might to fade over the next two decades, polls show.
By a nearly three to one margin, they believe their children will inherit a country on a downward trajectory.
Nearly half say it is no longer possible for a person to work hard and become rich.
For starters, soon foreigners will own a majority of our debt, and we are getting deeper into hock to them every day.
Last year marked the single largest expansion in government debt ever.
Federal debt alone accelerated past the thirteen trillion dollar mark last week.
President Obama's budget forecast reflects a cock eyed optimism about our fiscal future.
Yet even it projects total U.S. debt will rise from 2009's 53% of GDP to ninety percent by 2019.
Let me interject.
That's Obama's own budget figures.
By 2019, nine years from now, the national debt will be 90% of the total output of the American economy.
Quote, most economists, Senator Judd Gregg of New Hampshire notes, will tell you that an economy can handle between 30 and 40% debt as a percentage of GDP.
But a nation's economy starts to get into trouble when that ratio gets up around 60% of GDP.
When it gets up to 80%, basically an economy can't handle that for very long.
The day of reckoning may already be here, according to a new study by the International Monetary Fund.
It pegs our general government gross debt for 2010 at 92.6% of GDP.
By 2014, the IMF estimates, government debt will pass the 100% of GDP tipping point and keep on going.
To forestall a Greece like fiscal catastrophe, the IMF says, lawmakers must act now to reduce government debt by more than one point six trillion.
Instead, Congress is looking to pass an extenders bill that will run up hundreds of billions more in debt.
And the economic consequences are severe.
Each ten percent of GDP increase in debt, the IMF has found, slows economic growth by 0.25 percentage points per year.
Another just reached tipping point makes it harder for Congress to paper over its excess spending.
Social Security is now operating in the red, six years earlier than expected.
Until recently, Social Security payroll taxes were Uncle Sam's cash cow, subsidizing other federal programs to the tune of one hundred billion dollars annually.
Now all of those revenues, and then some are needed just to cover each month's Social Security payments.
For now, it's debt and more debt, as far as the eye can see.
And debt is expensive.
How expensive?
Interest on the national debt will triple over the next six years to approximately six hundred billion per year.
By 2017, interest payments on the debt will exceed federal spending on education, energy, transportation, housing, and environmental protection combined.
But the real Malays makers are tipping points that suggest bigger government and higher taxes may be irresistible.
Last year, forty-seven percent of all American households paid no income taxes.
Soon a majority of Americans may see government spending as a free lunch, a fount of more and more benefits that cost them nothing.
The government's role in our health care sector is growing so fast that before long government programs will account for a majority of all health care spending.
By 2012, nearly three of every four American children could be eligible for government run health care.
Can we really bend the health care cost curve down when so much health care is free?
USA Today recently identified a major shift in the source of personal income from private wages to government programs.
Listen to this one.
As a share of personal income, paychecks from private business are now at an all-time low, while government provided benefits have never been so high.
Unions now represent more government employees than private sector workers.
It's no accident that public sector unions have injected themselves forcefully into every recent state and federal battle over taxes and spending.
Their interests are higher taxes and bigger government.
It really adds up.
Preliminary research for the Heritage Foundation's next index of dependence on government indicates that dependency increased more in 2009 than at any time since here's the magic words, the Jimmy Carter era.
The largest spike in dependency came in the areas of health and welfare.
Conservatives must not only acknowledge the severity of our current situation, but prepare and promote serious alternative policies to fend off precisely the sort of sudden and cataclysmic financial meltdown.
Malays won't cut it, only swift, wise fiscal action will do.
That piece appeared earlier this week in the National Review Online.
Michael Frank of the Heritage Foundation.
I think most Americans feel this and sense it.
And if you summarize and try to lump into one all the issues that create the Tea Party movement and are creating the discontent in the country, there is this fear that we have finally gotten in over our heads.
My name is Mark Belling and I'm sitting in for Rush Limbaugh.
I'm Mark Belling sitting in for Rush Limbaugh.
The telephone number at EIB is one eight hundred-28282 on chicken little today, saying the sky is falling in.
I just shared with the audience a piece from Michael Frank of the Heritage Foundation in which he says we finally hit the witching hour with regard to massive government spending and the debt that we have.
I think it's even worse than he says.
Think about this for a moment.
We right now should be at our absolute peak in terms of economic output because the largest single segment of the American population, the largest demographic age group is the baby boomers.
The baby boom is described as the people born between 1946 and 1964.
So the oldest baby boomer using that definition is about 64 years old, and the youngest is about 46.
Almost all of them are still working.
And most people are at their highest income levels at the latest stages of their careers.
Meaning they're now paying in big.
The baby boomer group that I'm part of is in its prime income earning years and is bankrolling this government with taxes, payroll taxes, every kind of tax imaginable.
We are just a year away from the point that the first baby boomers turn 65 years old.
And then the wave changes.
The baby boomers, this huge group, with all of this income to support government programs, will go from paying in to taking out.
We've talked about how this is going to be such a challenge for Social Security in the 2020s and the 2030s.
How about right now?
If we are already paying out more in Social Security than we're taking in in Social Security taxes, what's it going to be in seven years when the oldest baby boomers are 71 years old or 10 years or 12 years?
The federal budget is not going to be able to carry Social Security.
And that's in addition to all of the debt that we already have.
Now, Medicare.
The cost of health care without regard to whether or not we nationalize or not is going up every single year.
Who do we spend the most health care money on?
Old people, obviously.
That's when people get the sickest.
The baby boomers are going from the period, the era in which they've been paying the big Medicare taxes to being the people who will be on Medicare.
And if I know anything about my fellow baby boomers, we are going to be demanding the best care that's out there.
We're going to demand that Medicare not be cut.
We're going to be demanding quality prescription drug coverage.
Wait until you take all these baby boomers, the tens of millions of us, turn us into old goats, put us in the hospitals, put us in the nursing homes, and put us constantly at the drugstore pharmacy line, taking all of this out.
Where will that money come from?
Social Security and Medicare, and this is from a country that is not prepared for this at all.
With this problem coming, the retirement of the baby boomers, you'd think a prudent nation would have put aside a massive stash of money to have to pay for this.
This is, after all, what we tell individuals to do, prepare for your retirement.
Save money so that you have something to live on.
Well, given that senior citizens in this country are lavished with massive government benefits, Social Security, Medicare, and other programs, we haven't set aside a penny for that.
We're already way, way in debt.
Last year's deficit, the one Obama ran in his first year of his presidency, was three times larger than anything Bush ever produced.
There's no improvement expected the current year.
And if indeed we're headed for a double dip recession next year, what will the numbers be then?
Each of those deficits, the deficit is the amount of money you're short in a given year.
Each of those deficits is piled onto this debt, which is out of control.
Do you really can we really count on the Chinese buying all of these bonds to finance this massive debt?
Do you think that they trust us to be able to make good on it?
How high will interest rate payments have to be in order to get them to buy that debt?
And if interest rate payments go up, that means the cost of financing this debt is even higher.
So knowing this, and I believe everybody in Washington knows it, we just try not to think about it.
It's one of those subjects like death that you put out of your mind.
What do we do?
What have we done?
We went and dealt with a recession.
A regular old American recession and responded to it by wasting nearly one trillion dollars.
Eight hundred and sixteen billion, I think was the final number of Obama's stupid stimulus program that went for nothing.
Nobody can even find any of those dollars.
The only jobs created were government workers who are therefore going to have to continue to be paid year after year after year, expanding the government burden.
No jobs were created.
We just took nearly a trillion dollars and threw it onto the thirteen trillion dollar total debt.
We are out of control in this country with our spending.
Our debt has gotten to be terrifying.
I don't want our country to fail.
But we've got to consider that we might be screwing up this great country by spending way too much money.
I'm Mark Delling sitting in for Rush Limbaugh.
I want to bring some callers in on this in a moment.
I'm talking about the fact that I think the federal deficit, which is the yearly shortfall, and the national debt, the total amount that we owe, is getting to the point in which it's not just a crisis, it's something that threatens the entire fiscal stability of our country.
You can go too far.
Greece went too far.
It's had to have the rest of Europe bail it out.
Well, who's going to bail us out?
We're too big to be bailed out.
And with a bailout comes conditions.
The only nation's economy that's likely to be big enough to even help would be China.
Do we want to be under their thumb?
Now there are some people who've been babbling about the issue of the Perot talked about the debt and the deficit throughout the nineties.
He was thought by many people to be kooky.
Well, he was kind of kooky, and he was overly worried then.
Some degree of debt is manageable.
Look at your own lives.
Almost everybody has some debt, be it credit card debt or a secured debt like a mortgage or you've got a car loan.
If you can handle it, if you pay those checks each month and you still have money left over to save for the future and pay your family's bills and all, you're probably fine.
Debt is the way that we go out and acquire things we wouldn't be able to get if we had to pay for it in one lump sum.
But you can go too far.
Some of these kids who get out of college and have seventy-five thousand dollars in student loans and no job prospects, and in the meantime they've got four credit cards in their pockets, and they're going to the grocery store store and not paying debit but paying credit.
You look at them, they're crazy.
You see families of five, thirty-five thousand dollars in income, sixty-five thousand dollars in credit card debt, their credit ratings are shot and they're going to have to file for bankruptcy.
You can go too far.
We have gone too far.
And there's only one way out of it, and it's not raising taxes, because you could never raise tax rates high enough to deal with this kind of national debt and federal deficit.
At some point, this country has to grow up and suck it up and say we're going to stop spending so much money.
And when we do spend money, we're not going to be so blasted reckless about it.
The stimulus was unbelievably reckless.
To pass nationalized health care with the massive cost that's going to put on this country is reckless and out of control.
And it's going to be up to us conservatives to deal with this because the liberals have never been responsible enough to deal with any problem.
They're the ones that sit off at their Ivy League institutions and prattle about the utopian world.
They're the people who say that the rich are getting richer and the poor are getting poorer.
They never solve anything.
They can't solve anything.
They never run anything.
They just ankle bite and criticize those who make the tough decisions to deal with the problems in our world.
They ridiculed President Bush for the tough decisions he had to make after 9 11.
They ridiculed President Reagan for his wringing out the excesses in the American economy.
All they do is snipe and criticize and pretend that we can give everybody in the world a free lunch, and somehow nobody has to pay for it.
They're not going to address this.
Obama's not going to do anything about it.
It's incumbent upon conservatives and the Republican Party to be the party that stands up and says we've got to stop doing this.
We've got to slow down.
We've got to bring ourselves under control.
The Republicans themselves don't have a lot of credibility here.
The Republicans as a party have simply been Democrats light when it comes to spending.
The pork barreling that goes on in Washington is not all Democrat oriented.
A lot of it has come from Republicans.
Some of the biggest pork barrelers in Congress are members of the Republican Party.
That's certainly true.
But that history is irrelevant.
All that matters is what we do from this point forward.
And the challenge has to come from the grassroots that we're going to focus on politicians who understand that if they say, you know, we can't do national health care.
We're not going to buy into the scaremongering from the Democrats that you want everybody to die and we don't want quality health care.
We have to say no to a lot of these urban transportation projects that are nothing but money pits that help only a few people.
We've got to be willing to start drawing some lines.
Paul Ryan, the congressman from my home state of Wisconsin, who I had in Russia's program last week said, you know, Mark, I'm convinced people are now ready for this message.
They may not have been before, but they're ready for it now.
Well, we better be ready for it.
We've got to stop being the country that says, yeah, cut spending and then squeals like a pig when your own little pet project is the one that's cut.
There needs to be some restraint and responsibility, or we're going to lose the whole thing.
The whole country.
Our budget's going to fall apart.
We're going to be a debtor nation, and the Chinese and the Russians are going to control everything.
It's scary stuff, but it's still salvageable.
All right, I've got to shut up here and let's go to the phones.
Minneapolis and Jim, you're on the Rush Limbaugh program with Mark Belling.
Hey, Mark, thanks for having me on the show.
Thank you.
To address your point, or at least my comment is I think people are getting it, and that we are at a tipping point.
One, I would cite the popularity falling of the president.
Second of all, the other night on the news, you're from Wisconsin.
Uh, there's a Polaris plant in the west side of Wisconsin that is going to be shipping its jobs to Mexico in the next year.
And so Minneapolis was covering the news storage on story on that.
Um what I thought was insightful was the fact that a union member got up at this town hall meeting by these state and local politicians about what they were going to do about it.
This union guy got up and said, for the first time in history, Wisconsin has more government employees than we do manufacturing employees.
What are you going to do about it?
Now, the news coverage flipped from there to, you know, some other things.
So the politician didn't, they didn't show his answer.
But I thought, my God, that is a refreshing.
That somebody's actual that somebody's actually saying it.
The counter to that is the jobs report that came out last week that showed we created 840,000 jobs last month, and almost every one of them was a government job, all with the census, and they were saying, well, at least we're putting those people to work.
We're putting them on a government payroll, meaning that they're part of this massive spending that we have.
That's not an answer to anything.
We can't keep expanding government.
We can't keep putting people on these payrolls.
We can't keep creating massive pensions for everybody who works for government and think that this gravy train can go on forever.
It used to be that the lefty say, well, don't worry, just take it out of the defense budget.
The defense budget has been paired and slashed, and we're entering an era in which the Iranians may have nuclear weapons and the world will be more dangerous than ever.
Furthermore, if you cut the defense budget to zero, you would still right now have no ability to pay off the national debt, and we can't cut it to zero.
It's frightening stuff, and we've allowed these entitlements to get out of control because we've conned ourselves into thinking that this could go on forever.
The only people for whom this is going to work are those who die before we get to the point that we don't have any money anymore.
And this president and this Congress has made this not a little worse.
Some people will argue that Bush allowed the deficit to expand too much under his watch.
He made it worse.
These people are making it way, way, way worse.
When you're talking about ninety-two percent of GDP going the national debt being 92% of GDP in only a few years, that's an astonishing.
The GDP is all the money produced in our country.
And that's only going to equal our debt, and we're losing ground at a rate of six and seven percentage points a year.
We're not even close to catching ground, much less making any progress on this.
It has got to be the issue that we focus on.
And I really think the public is ahead of the ruling class on this.
That for the first time politicians are not going to be able to be tarred simply by, hey, wants to cut your Social Security, he cut this, he cut that.
That might now be a badge of honor rather than the thing that gets you thrown out of office.
To Winston Salem, Sam, it's your turn on EIB with Mark Belling.
Hey, Mark, uh what you're talking about reminds me of the movie Woodstock.
I have you ever seen the movie.
Was that you mean the documentary of the concert?
Yeah, yeah.
Yeah, I've seen it.
Okay.
Well, you you remember the the part in the movie, there's a there's a point in the movie where the the hippies are like crashing the fences, crashing the gates, and they're and the people that are putting on the concert are finding themselves in a position of telling everybody, well, now it's a free concert.
It's a free concert now, man.
Yeah, I I I saw the movie.
Well, it seems like you know, I'm part of the generation, I'm fifty-nine.
It seems like our generation is at the point where we've got to decide do we want to be like those hippies in that movie that just crash the gate, take everything we can, don't worry about who's paying for it, uh, have a good time while it lasts, or are we going to be responsible?
Well, the problem is we don't have any choice because the gate has crashed and there's nobody to clean it up.
The thing that's to me most frightening about this is the demographics.
This the generation behind the baby boomers, the Xers, is small.
When the baby boom ended, it ended because the baby boom ended.
There weren't as many children born between 64 and 75 as this huge spurt between 46 and 64.
So you've got all of these baby boomers who are going to go into the mode of sucking money out when right now we're paying it all in.
When you consider that the baby boom is in its prime earning years and is paying all of this in, and we're still losing all of this ground, what will it be when we are the ones that start taking it all out?
It's been very, very easy in this country for politicians to buy votes by saying, I'll give you nationalized health care like Obama is doing, and now I'll raise taxes because we need to have a cleaner planet.
Let's do a new cap and trade, or I'll give you this, or I'll put up this pork barrel project, or I'll give you this bridge, or I'll create this program that really helps people.
I'll have a federal education department that doles up billions and billions and billions of dollars in grants to Lord knows who.
We'll have Head Start with this massive money pit that has no accountability.
We'll fund every social service agency in America, these two-bit organizations that claim they help people with nobody knowing where the money goes.
It was real easy to do that because we were such a successful and thriving economy that our taxes paid for all of it.
Well, it didn't pay for all of it.
We started borrowing, and now we're borrowing like crazy.
The deficit that he's running this year is unbelievable.
And on top of it, he nationalizes health care and he wants to pass cap and trade besides.
We have got to put a limit on it.
And we've got to demand that even if the Republicans win this November, that they get in and they stop spending themselves.
And I do think the public is finally ready for it.
My name is Mark Belling, and I'm sitting in for Rush.
I'm Mark Belling sitting in for Rush Limbaugh.
I don't want to bore you with stories about my home area of Milwaukee, but I'm gonna bore you with a story about my home area of Milwaukee.
Right now we have three separate proposals on the boards for train projects.
One is to run a high speed train, one of these bullet trains between the cities of Milwaukee and Madison, which are only 80 miles apart.
The cost is several hundred million dollars.
All the lefties in my area are for it.
Why?
Because it's federal money.
What are we?
Crazy?
If we don't take it, they'll put that train somewhere else like Alabama.
We have to do it.
It's federal money.
Then there's a project to run, a light rail system in the city of Milwaukee from an east side neighborhood to downtown, where one of the cities that doesn't have that.
Ninety-three million dollars in federal funds are available to do it.
The argument that the city's mayor is making to do it, it's federal money, we may as well take it.
Why not accept it?
And then there's a third idea to run a commuter train between the city of Milwaukee and the city of Kenosha, forty miles apart and stopping in between.
We don't have any of those either.
Because there are federal funds available.
This is just one area.
The Milwaukee area is hardly the biggest in the nation.
Yet we've got federal money out there to be grabbed for three projects like this that aren't going to serve anybody.
There's no demand for these.
Nobody's going to take a train between Milwaukee and Madison.
People will keep driving.
They won't take a train between Milwaukee and Kenosha.
They don't need a train in the downtown Milwaukee where there are already buses running.
These are being done solely because there's federal money available.
We've got to stop making that federal money available.
We can't afford to be putting trains all over this country in communities that don't need them.
Instead, we just create this money willy-nilly and say that it's out there and dole it out to communities who say, We better take it because if we don't take it, they'll give it to someone else.
We've got to stop giving it to somebody else.
Because trust me, when you dangle it out there, somebody's going to grab it.
I know from my own experience in Milwaukee.
The lefties all want to grab it.
Some of the businesses wanna grab it.
We don't need to put it out there.
We don't need these things, and we can no longer afford them.
The good news is some politicians are getting it.
House Minority Whip Eric Cantor today said he's going to kick off a personal drive to rebrand rebrand the Republican Party as the party that gets it and will focus on spending, not ideology if Republicans win a house majority in November.
Cantor created a YouTube section of his web whip website which lets visitors use text messages to vote on which of five wasteful spending items to cut.
He says the winning item this week was to reform Fred uh Fannie Mae and Freddie Mack.
He goes on to say that the president missed the opportunity to galvanize the nation behind him.
His agenda and his rhetoric have revived a discredited idea imploding before our eyes in Europe.
Right now the public is so predisposed to doubt whatever Washington does, so when you say a jobs bill, that doesn't mean what it used to.
It's spending more money.
In this anti Washington, anti incumbent year, he said, members will be able to use the votes on cuts to go home and claim I'm not a part of that.
Here's what I've done.
Cantor said Americans are so concerned about the size of government that right now the tolerance for pain from cuts is much greater than it has been.
We can't let this moment pass.
The public is ready for this.
We need to take the opportunity to finally do something about a government that is spending way too much money.
I'm Mark Belling sitting in for Rush Limbaugh.
I'm Mark Belling sitting in for Rush Limbaugh.
Want to find a real estate project that's actually going up in the United States right now?
It's probably an apartment complex in which the developer is getting federal tax credits.
Look at all the social service agencies.
They haven't been making any cuts.
They've been hiring people.
Stimulus resulted in all of these grants to them.
This anti poverty that and this do good or this and we're doing this and we're getting the kids involved and we're doing this, that, and the other thing.
Every community has hundreds of these.
They get almost none of their money from private donations.
They get their money from the federal government, usually passed through their state, which passes it through to their city, which then hands it out often community development block grant funds to the local entity.
These organizations then hire people who are the ones who stand up and scream and yell and squeal whenever anyone Says they might cut something.
This money is all over the place.
The federal budget has become the most omnipresent aspect of our lives.
Everywhere you go, everywhere you turn, federal spending is available.
When you see reports that say that federal payrolls at their highest level in American history and private payrolls at a as a percentage their lowest level in American history, you realize we've gone way too far.
The good news is there's so much fat in there that you can start cutting a lot of it.
The only question is whether or not we have the will to do it.
I'll give you one way we can start.
You go in and symbolic or not, you repeal nationalized health care in 2011.
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