That bombhouses on fire looks like Janet Reno's back in business.
Looks like the Branch Davidian complex.
The only thing missing are the tanks.
But we know the government's doing this, right?
I've got a question for you.
If you, once you die, you don't have any rights to your money, then why should you be responsible for your debts?
I mean, if you don't have any, if you don't have any rights to your wealth, because after you're dead, you can't earn it.
Then after you're dead, you can't go into debt.
Why are your debts any of your responsibility?
Somebody needs to ask Alan Grayson Jr. that question.
This guy, Weiner, he's a new Alan Grayson.
We got Alan Grayson going baddie on MSNBC last night.
Greetings and welcome back.
El Rush Bo, the EIB Network, Limbaugh Institute.
By the way, Robert Phibbs, the White House press secretary, says the White House is estimating the cost of the tax cut deal somewhere in the range of $700 billion to $800 billion a year.
And we have a caller coming up from Bozeman.
I don't want to take him.
He didn't drop?
Bozeman's still there.
Oh, the guy, oh, the guy on one did drop.
We had a guy, he said, most economists keep saying the Bush tax cuts will add $790, $800 billion to the deficit over time.
Why are you telling this woman, Vicki, that it won't add to the deficit?
I'm confused.
I wish she were still there.
This is a great question.
If you don't understand that, it's a great question, and I'm going to do my best to explain it anyway, even without the caller.
Because this is, it's a perfect disinformation campaign.
They want you to think that any tax cut, and there isn't one, he's even said here, keeping the Bush tax cuts.
The Bush tax cuts happened seven years ago.
They're now existing tax rates.
They're tax rates that have been in place for 10 years.
This notion that they cost the government money.
Stop it, folks.
Remember, to liberals, government's God.
And God should never starve.
And God should never be thirsty.
And anything that takes money away from God, it's immoral.
And these people are looking at this as $800 billion in less revenue, but it isn't.
They're not losing a dime.
There is no less money going to Washington because the tax rates are staying the same.
There's no way, mathematically, economically, you can say that everybody paying the same tax rates is going to cost the government money.
The only way that happens is if unemployment keeps rising and there are fewer people paying taxes and we extend unemployment benefits.
That's what causes deficits.
Spending.
Am I yelling?
I got a note today saying I'm yelling too much.
I don't have to yell.
Am I yelling here?
Well, I'm just passionate.
This woman says, you get passionate without yelling.
I don't want to drive people off here, but some of this, you lose your patience with it.
Let's just, you know, I live in Litteralville, Rioville, Logicville, wherever.
We have current tax rates.
They are X, whatever they are.
They've been there for 10 years.
And now all of a sudden, this year, those same tax rates are going to cost the government $800 billion.
They didn't say that last year.
They didn't say it the year before.
They're only saying it now when the, again, it's how you set the table.
The context is we were going to let them expire.
And the top rate was going to go up from 36 to 39.6.
The 10% was going to go to 15% and so on.
So under that scenario, if we let them expire and the tax rates go up, the liberals are counting on that.
They're hoping for that.
And they are thinking that those increased rates are going to result in more money.
And now all of a sudden Obama comes along and says, guess what?
We're going to keep those rates the same.
We're not going to suut set them.
We're not going to let them sunset.
So, and doing this will cost us $800 billion.
The only way it costs them $800 billion is if they've already spent it based on what they thought it was going to go up.
Because it's not going to result in any less money coming in.
Again, the only way that these tax rates, listen to me on this, because I can lose patience being patient.
Now look at me now.
The only way keeping these tax rates the same can cost money, quote unquote.
I don't even like that.
The only way these tax rates staying the same will result in less money going to Washington is if fewer people have jobs.
Thus, fewer people are paying taxes.
Add to that, those people who lose jobs will get unemployment benefits, and we will be spending more money than we were because we have to spend unemployment benefits, and we're going to be getting less money because they don't have jobs not paying taxes.
Ergo, it would, quote unquote, cost the government, but only if people lose their jobs.
If unemployment comes back, keep the tax rates the same, revenue will go up.
More people paying taxes.
I know one Democrat's out there saying that we have to borrow money from China to pay for the rich to have a tax cut.
We don't.
We have to borrow from China for every bit of spending Obama's doing.
We're not spending anything on these tax rates.
How hard is it for you on the left to get this through your heads?
Keeping the tax rates the same, we're not spending any money to do that.
If the tax rates went down, we wouldn't be spending any money.
Do you know what happened if tax rates went down?
There would be more jobs.
Businesses would start hiring people.
There'd be the money to do it.
Lowering tax rates would actually increase revenue to Washington.
If that's what you're concerned about, and this guy on line one who didn't hang around, well, how can you tell this woman it isn't going to cost me all these economists are saying, well, Jan, I got a Democrat saying we have to borrow money from China to do this.
Will we believe that?
Yeah, Obama's going to get on the phone of Hu Zhintao.
Hey, who?
Yeah, you, who?
I need $900 billion because we're going to keep our tax rates the same here.
You know, Hu Zhintao will say, what?
He said, you heard me.
I need $900 billion because we're going to keep our tax rates the same.
And Hu Zhintao will say, who you've been talking to?
Because that's nonsensical.
Obama said, I don't care who I've been talking to, who.
I'm talking to you now, and I need $900 billion because we're not changing our tax rates.
Somebody, please tell me you're getting this.
This is one plus one equals two.
This is kindergarten type lesson.
Yet the way I'm explaining it is the way I'm making this, what I do here is take the complex and make it understandable.
This also shows that Democrats don't give a damn about revenue, care about power, don't care about revenue.
If they cared about revenue, there's one way to do it.
Lower these marginal tax rates and create more taxpayers by creating more jobs.
Tax revenue will go up because more taxpayers.
Gasoline price stays the same.
You drive no differently next month.
Gasoline price stays the same for the next month.
Is it going to cost you any money?
No, no.
The per pump price where you buy gas is going to stay the same next month.
Your salary stays the same next month.
You are going to drive the same amount next month as you drive this month.
Are you going to lose money with the gasoline pump price staying the same?
No.
Well, then, doesn't it follow that if the tax rates stay as they have been for 10 years and we got the same number of people working, probably fewer?
How in the world is it going to cost the government anything?
The government's already adjusted to the revenue produced by these income tax rates.
They adjusted to it six, seven years ago.
I am more befuddled by how we got.
Guy admitted he was confused, but I'm more befuddled by the question than I am by the answer.
I, ladies and gentlemen, have been known to lose patience being patient.
Some of you people are a challenge in this regard.
23 years I have been explaining this in one way or forum or another.
Baseline budgeting, this tax rates going up, less revenue to Washington.
Tax rates going down, more revenue to Washington leads to more taxpayers.
Guy says, most economists say keeping the Bush tax cuts will add $790.
They're lying.
They are politically oriented.
I've got a story in the stack here.
It makes total sense.
Just like at university, the conservative professor is a rarity.
You know what else is?
Republican conservative scientists are a rarity because most of the grants go to liberal scientists.
So they become liberals.
They write stuff that's liberal.
They promote stuff that's liberal.
That's how they live.
They get grants.
You won't find very many conservative scientists.
Methralimbaugh science is not politicized.
Right, Mr. Castrati.
You get stupider every time you open your mouth here.
Science isn't politicized.
So there's no way.
There is no way keeping these tax rates the same costs the government anything.
Certainly not $800 billion.
The only way tax rates stay the same, less revenue, is if unemployment keeps going up.
Fewer taxpayers paying taxes makes government gets less money.
Then we've got to spend more money paying them not to work when they go on unemployment.
That's the vicious cycle we're in.
Unemployment is costing us revenue two ways.
Fewer taxpayers, and we got to pay.
We're going to call Hu Zhintao.
The real call is, hey, who?
I need $900 billion to pay unemployment benefits next year.
Back after this.
Can you imagine?
Just imagine this.
Obama gets on the phone in the Oval Office.
He calls China.
Hey, who?
Barack Obama here.
How are you?
Just fine.
Who?
Look, I need to borrow some more money.
What for?
Well, we need to pay some people that are not working.
What?
Yeah, we call it unemployment compensation.
You really pay people not to work?
Yeah, for three years.
You pay, you Americans pay people three years not to work and you want, you're calling me for a loan to pay people not to work for three days?
That's right, who?
That's who they told me to call.
You.
And the CHICOMs are saying, man, this is going to happen sooner than we thought.
They're willingly paying people not to work.
It really has happened.
We thought we were dead with Reagan there, but look at, I mean, just in two years, they're paying people three years not to work.
Man, oh, man, oh, man.
Pretty soon they're going to be like Europe and they're not going to have an army either.
Hu Zhintao, that means if he gets that phone call, he's going to hang up, may start believing in Christmas.
That would be the result.
Now, all you people still scratching your heads here over my attempt to explain to you how the tax rate staying totally the same doesn't cost any money.
What about all the new massive spending in this bill?
Do you know they're calling this tax rate extension bill a stimulus?
There is a whole bunch of new spending in this, and the media mostly ignore that.
But what it shows is that regardless of tax rates, the Democrats spend.
And the Democrats in Congress are completely rejecting what the voters said in November.
What they're doing, the Democrats in the House, are to the voters.
It's exactly what's happening here.
Now, that's for the estate tax.
Try this a different way.
If you own a farm, let's say if you're one of the 84,000 black people who own the 17,000 farms, did you hear that?
You're one of 84,000 black people who now, as of yesterday, own 17,000 farms.
You're not 84,000 black people who own 84,000 farms.
If you own a farm that has been handed down through three generations and the land alone is assessed at $5 million, but you don't have anything close to that kind of money to pay a new estate tax, then you have to sell the family farm.
And there are many farms and small businesses that get taken down under this.
It's not just about millionaires.
It's not just about billionaires.
You know, if the patriarch is lazy or doesn't want to face his own death and doesn't do proper estate planning, the heirs can end up having to sell most of what they get to pay what was a 55% death tax.
The children of Joe Robbie had to sell the Miami Dolphins and the stadium to pay federal income tax, the death tax.
Now, the people who are writing all of this legislation and making these arguments don't run small businesses.
They don't run farms.
They come out of law school or some highfalutin Ivy League business school or art school or journalism school.
They spend their entire lives in politics or law, and they treat everything in a simplistic and very stark way.
Now, we have $200 billion or so in new spending in this tax extension bill.
Who's paying for that?
That's there's there's no new spending in keeping tax rates the same, but there is new social spending here.
Who's paying for it?
And the spending goes on no matter what, right?
Oh, yeah, that we never, ever.
Can you imagine how foolish, irksome Bowles and Alan Simpson feel about now?
Well, these guys, for six months, they had the assignment of a lifetime, come up with the magic that's going to fix our deficit problem.
They finish, they take a vote, they can't even get their own commissioners to go along with them, and now everything they said may as well not have mattered, they may as well not have done it.
Look at how many cocktail hours they missed.
That's a lot of drinking they have to make up.
Here's Elliot, Miami, Florida.
Elliot, thank you for waving.
I appreciate you.
You're on the EIB network.
Hi.
Hey, Rush, how are you doing?
First of all, the debt that we will never be able to pay is the debt that this country owes you.
Well, thank you.
It's probably true, but thank you very much.
Listen, I've got a little dilemma here.
I've got a 14-year-old that for two years has been asking me for a Mac.
Okay.
And I've been skirting the situation back and forth.
And the other day she tells me, well, Rush has them, and he always has the best stuff.
So I'm going to have to end up getting one of these damn things.
So what do you recommend?
This is your 14-year-old daughter.
Yes.
She is blackmailing you.
Yes, sir.
She's using me to say that what she wants is the best.
She wants a Mac?
Yep.
You got it.
And you know what?
I can't deny her because she's right.
I've been listening to you since Dan's bake sale.
All right.
Well, and I can't deny her.
So I'll say that.
Wait a minute.
Let me call him.
14.
Dan's bake sale was 1993 or 4.
I've been listening to you since then.
Wow.
She's a genuine rush baby.
Well, no, I've been listening to you since then.
She told me that she says that she's following in your footsteps.
Okay, okay.
All right.
That makes more sense.
Now, does she have a computer now?
Oh, yeah.
She's got a Dell, but she says that that's not any good because she doesn't own one.
And I'm like.
Is it a laptop?
Yep.
So she wants another laptop.
Correct.
Correct.
Okay.
Well, there are three different lines.
There's the MacBook and the MacBook Pro.
There's a third.
Yeah, the MacBook Air.
That's Wi-Fi only.
Very thin, very.
Can you hold?
I don't have to think about it.
I got some more questions for you on that.
Can you hang on to the break?
Sure.
Yeah.
Because, I mean, you won't go wrong whichever laptop you get, but you could get more than she needs if you're not careful, which I would do, of course.
Merry Christmas to all of you from all of us here at the Limbaugh Institute for Advanced Conservative Studies.
Back to Elliot in Miami.
Okay, Elliot, your daughter is 14.
Does she take care of the computer she has now?
Yeah, of course.
If not, she wouldn't keep it.
Okay.
Well, don't misunderstand now.
I mean, if it gets banged around, if it's takes it to school and back and so forth, you just need to know before I make a recommendation to you.
So she does take it.
She takes care of it.
Huh?
She does take care of it, treats it well.
Okay.
Here are the three possibilities.
There is the MacBook, which is white, and I think it's got an 11 or 13-inch screen.
Then there's the MacBook Air, which is sleek-looking.
It's the thinnest.
It primarily uses Wi-Fi, although you can get an adapter-connected wired Ethernet, but it's primarily a Wi-Fi machine.
Sleek looking, very, very thin, beautiful display.
I think it's probably, I'm guessing, the 13-inch range.
And then there are the MacBook Pros, and they come in 15 and 17 inches, and they have LED backlit screens, and they're the top of the line.
Now, I don't know the prices of these things off the top of my head.
She's already printed out a couple of these out for me.
And I told her that it would have to be the lower end.
And then she also told me, well, if you're getting the lower end, we should get an iPad or an iPod.
And I said, listen, you're pressing your luck here.
Well, no, no, no, no, no.
Wait a minute.
I'm going to give you an iPad to give her.
No, you're kidding.
No, I have.
I have some personally EIB engraved iPads.
I got a bunch of them to give away at random, like this on here.
They're engraved with my signature, the EIB logo on the back, and they're top line.
They're 64 gigabyte with 3G.
So I'm going to send you, when you get off the phone here, you need to give your shipping address to Snerdley, and we'll ship it down there with a Zugu case that also has my name and EIB logo emblazoned on the case.
This case allows her to set the iPad up at any angle she wants to use it.
So, now, if that's all you think she needs, then your problem is solved.
Well, no, no, no, listen.
Now, remember, we were kids, and we're posturing here.
This is her posturing for, you know, like, remember when we were kids, if you needed 30 bucks, you asked for 40?
Yeah.
It's kind of like the federal government.
Yeah.
I remember with their tax revenue loss.
When I turned 16, I started putting pictures of Ford Mustangs under the glass on my dad's desk.
And I had to buy my own first car two years later.
But, yeah, I know exactly what you're talking about.
Look, and the iPad won't be enough because you can't load word processing software onto it if she uses like a Mac, Windows for Office on her Mac, any additional software.
The iPad's great, portability for web browsing, Facebook, email, and that kind of thing.
But if she does serious software work on it, she needs something supplemental.
I'd tell you what I would do.
I would, if I were you, I'd get the MacBook Air or the that's what I would either, the MacBook Air or the small MacBook Pro, which is, I don't know if, I don't know if it comes in 13.
I think MacBook Pro is MacBook Pro.
The smallest Pro is a 15-inch.
That may be a little more than you want to go.
But remember now, these things can be configured with different size hard drives and RAM memory that the price is going to change in each one no matter how you put it together.
Plus, Apple has a education discounts.
You can save up to $200 a computer by applying for it.
There's a website.
The Apple website has a link there where you can check that out.
Oh, great, because my wife teaches.
That would be great.
Cool.
Okay, so here to recommend a MacBook or the MacBook Air.
One of those two.
She loved the MacBook Air.
I mean, it just, it looks sleek.
It's the thinnest laptop you've ever seen.
Beautiful display.
Display's not too big.
It's very, very light.
And she'd love it.
Sir, I don't know.
I don't know what to say.
You don't have to say anything.
It's Christmas time.
This is the fun of all this.
So you hang on, and Snerdley will get your address.
And we'll FedEx this iPad.
You'll have it tomorrow.
Thank you very much.
God bless you.
Oh, Elliot, we're happy to do it here at the E, I mean, you didn't ask for a job, so that's...
Oh, no!
You know what, sir?
You know what I really would like?
What?
For this government to get out of our way and let us go on our own.
Well, we're working on that, too.
We are working on that.
We are working on that, too.
By the way, all of these Macs are going to start around $900.
And depending on how you outfit it, you can take the MacBook Pro up to $3,000.
You don't want to go that much.
The MacBook Air, you can't get it up to that kind of price.
That's why the MacBook is white.
The Mac Pro looks aluminum.
Silver is what it looks.
It's very sleek.
Just go to the website.
Go to apple.com and just click on Mac and you'll see pictures of all these.
Rush, I owe you.
All right.
Thanks very much, Elliot.
Take care, and don't hang up.
Snerdley will be talking to you in mere moments.
Who's next?
Greg in Dayton.
Thank you for waiting, sir.
You're next on the EIB network.
Hello.
God bless you, Rush.
Thank you.
What you do.
Hey, it's a very honor to speak to you.
You want to know something that the liberals would probably just have a fit over is that they started taxing the money parents spent for sending their kids to college as income to the kids that go to college.
If I made $100,000 a year as a 19-year-old, I'd be paying tax on that money.
But if you gave me $100,000 to send me to Yale, it'd be a freebie to me.
I wouldn't have to spend a dime in taxes.
That I love.
I love that idea.
Tax the kid's tuition as income to the kid, right?
Absolutely.
If you didn't go to college and you made $100,000, got lucky somehow and made $100,000 at the horse races or wherever you made it, they'd be taxing you for that.
One of the things in this deal is to extend the tax deduction for tuition.
What we want to do is eliminate it.
And all these guys that send their kids to college, tuition money is income.
Absolutely.
Make them pay.
Everything else that comes to us that way is income.
You're exactly right.
Anything that if I was 19 and my parents were paying me to go to Stanford or Billy Nice or any school, you know what it costs these days.
If those kids had to pay income, they could defer it five, six years and go to the federal government.
The first $13,000 of it is a gift, tax-free.
And if you're married, the husband and wife together, the mom and dad, could effectively give the kid $26,000 a year.
Well, that doesn't hardly touch some of the schools.
No, by the time you get into room and board, you're up to $40,000.
Yeah.
You're up to $40.
It's a free money.
But they still have to come up with the money.
They still have to come up with the money, whether they're giving it away or it ends up income.
They still have to come up with the money to spend.
Exactly.
But the recipient, like the person who would be a recipient on the end of an estate tax, the estate has to pay it.
Basically, the estate can't pay it because the person's dead, right?
Exactly.
So the kid has to pay it.
The heirs are paying the tax.
Amen, bro.
I like it.
And by the way, folks, stop and ask yourself this question.
How much is the government losing on the tuition tax credit?
That's adding to the deficit.
How much is the government losing?
How much revenue?
They talk about how much the government's losing by keeping tax rates the same.
How much is the government losing by paying people to go to college?
If you take away the tuition tax credit, if there's no tuition tax credit for people going to college, look how much more money the government's going to have.
Why should the federal government suffer so people can send their kids to Harvard?
Why?
I mean, if we're talking about saving money, we're talking about costing the government money.
Let's look at why do we want the home mortgage interest deduction?
Look at all that's costing the government.
Why don't we eliminate that?
If we're worried about how much it's going to cost the government, why does anybody have anything?
Because look what that costs.
The government.
Back to the audio soundbites.
Anthony Weiner, I said, is the new Alan Grayson.
Wiener's staying in Congress.
Grayson's going.
Last night he was on The Last Word, Lawrence O'Donnell, PMS, NBC.
O'Donnell said, Congressman, if you were to succeed at this and kill this bill, all the tax rates would increase January 1st.
Do you know which bracket would actually be hit with the largest percentage increase?
Yes, the people who have dividend income.
Wrong, Congressman.
Stop there.
It's the bottom tax bracket, not the top tax bracket.
The bottom tax bracket would go from 10% to 15%.
That is a 50% increase in the bottom income tax bracket, the one none of you Democrats talk about.
Respectfully, you let me go didn't stop there.
When you're out of office in January and the Republicans control the House, I want you to tell me what you would say to Floridians in your district who are now going to be represented by a Republican.
Tell me what you'd say to them who are in the 10% bracket now, the lowest bracket, that their income tax rate goes up 50% to 15% on the first week in that first paycheck they get in January.
Tell me what you would say to them about why you allowed that to happen.
I don't think that would happen, but I think you're missing the point.
It will happen if you're missing the point.
Stop being adult about this, Congressman.
If you get your way.
Please, let's not insult each other with that kind of language.
This is supposed to be the intelligent network.
If you get your way, the taxes go up.
That's not taught that way.
I won't lose my mind on your show.
This is where the adults are.
I'll save that for the floor of the house.
Or if you ask me about Limbaugh, I'll be glad to lose my mind, but let you and I act like adults here.
How out of it do you have to be to be crazier than Lawrence O'Donnell?
Here's Lawrence O'Donnell trying to help this guy.
Mr. Grayson, do you understand what you are proposing?
Is that right?
These long-haired maggot-infested dope-smoking ingrates attacked a car carrying Prince Charles and Camilla?
These students upset that they're going to have to pay something for their educations?
They attacked a car carrying Prince Charles and Camilla.
It's a what?
Well, of course it's a damn revolt.
What did the prince do?
They just said, we're waiting word.
We don't know what happened.
Well, how do you know the car was attacked?
Did you see any pictures of it or did they just repair pictures of the area?
So we don't know if the prince is still alive.
I mean, that's the way you...
You've got to be careful, Snurdly, how you report this stuff.
You say to me, we don't know what happened to the prince.
Well, that's not.
What do they do?
Were they pushing and just rocking the prince's car out there?
They attacked.
It used to be a capital offense to lay hands on the personage of royalty.
That's right.
The law doesn't say anything.
The car cannot be said to be the personage of royalty.
Here it is.
AP photographer saw demonstrators kick the car in Regent Street, the heart of London shopping district.
The car then drove off the prince's office.
Had no immediate comment.
The prince may not know somebody kicked his car.
The prince is probably worrying about the environmental impact of the protest, trying to calculate carbon emissions taking place here and how much damage is being done to the environment by these people.
And he may be so preoccupied, might not know that his car was even attacked or kicked.
Well, we'll keep a sharp eye for pictures.
Now they're showing, there are these ingrates are.
They are mobbing the place.
And this is live.
It's like five hours, like eight o'clock over there.
Just before 8 p.m. in London.
Hey, Elliot in Miami, two corrections.
Things you should know.
The MacBook Air does not have a DVD slot or an optical drive.
You have to get an external DVD drive if she wants to watch a movie or insert a class lesson or something.
That'll be an extra charge.
Things so thin it doesn't have one in it.
And they do make a 13-inch MacBook Pro in addition to 15 and 17.
So those are the two things I wanted to make sure that you that I corrected.
But either go to the website, apple.com, or go to a Mac store.
Go to an Apple Store.
They've got all these things there that you can see, play with, and figure out which one would be best.