All Episodes
Previous Next
Dec. 9, 2010 - Rush Limbaugh Program
34:57
December 9, 2010, Thursday, Hour #3
| Copy link to current segment

Time Text
That bombhouses on fire looks like Janet Reno's back in business.
Looks like the branch dividion 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 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 Wiener, he's a new Alan Grayson.
We got Alan Grayson going batty on uh MSNBC last night.
Greetings and welcome back.
El Rushbo, the EIB network, Limbaugh Institute.
Um, by the way, uh Robert uh Fibbs, the White House press secretary, says the White House is estimating the cost of the tax cut deal somewhere in the range of uh 700 billion to 800 billion dollars 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 uh most economists keep saying the Bush tax cuts will add 790, 800 billion dollars to the deficit over time.
Why are you telling this woman Vicky that it won't add to the deficit?
I'm confused.
I wish he were still there.
This is a great question.
If if you don't understand that, it's a great question, and I'm gonna 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 the tax rates that have been in place for ten years.
This notion that they cost the government money.
Stomping 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 900 billion, 800 billion dollars 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, there's no way, mathematically, economically, you can say that everybody paying the same tax rates is gonna 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 here?
Well, I'm just passionate.
Woman says you get passionate without yelling.
I don't want to drive people off here, but some of this, you know, you lose your patience with it.
Let's just you know, I live in Littoralville, Realville, Logicville, wherever.
We have current tax rates.
They are X, whatever they are.
They've been there for ten 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 gonna go up from 36 to 39.6.
Every the 10% was gonna 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 gonna keep those rates the same.
We're not gonna sutset them, we're not gonna 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'm like 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 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 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 your heads?
Keeping the tax rates the same, we're it's 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 what all these economists are saying?
Well, you're not a Democrat saying we have to borrow money from China to do this.
You really believe that.
Yeah, Obama's gonna get on the phone of Hu X and Tao.
Hey, who?
Yeah, you who?
I need 900 billion dollars because we're gonna keep our tax rates the same here.
You know, Hu Xin Tao say, what?
He said, You heard me, I need 900 billion dollars because we're gonna keep our tax rates the same.
And Hu Xin Tao will say, Who you've been talking to?
Because that's nonsensical.
Obama says, I don't care who I've been talking to, who, I'm talking to you now, and I need 900 billion dollars 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.
Yes, the way I'm explaining it is the way I'm making this, I'm what I do here is take the complex and make it understandable.
This also shows the 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.
Um gasoline price stays the same.
You drive no differently next month, gasoline price stays the same for the next next month.
Uh, is it gonna 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 ten years?
And we got the same number of people working, probably fewer.
How in the world's 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 can...
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.
and Some of you people are a challenge in this regard.
Twenty-three 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 billion.
They're lying.
They are politically oriented.
I've got a story in the stack here.
It makes total sense.
You know, just like it at uh 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, and so they live.
They get grants.
You won't find very many conservative scientists.
Method Limbaugh science is not politics.
Right, Mr. Castradi.
You know, you get stupider every time you open your mouth here.
Science isn't politicized.
So the 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 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've got to call Hu Xian Tao.
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?
Uh Brook Obama here.
Yeah, how are you?
Just fine.
Who look?
Uh I need to uh 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 know, Chiccoms are saying, man, this is gonna 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 gonna be like Europe, and they're not gonna have an army either.
Hujentau, I mean, if he gets that phone call, he's gonna hang up, may start believing in Christmas.
That would be the result.
Now, all you people still scratching their 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 uh 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 pfft to the voters.
It's exactly what's happening here.
Now, as to the state 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 eighty-four thousand farms.
If you own a farm that has been handed down through three generations, and the land alone is assessed at five million dollars, 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, not just about millionaires.
It's not just about billionaires.
You know, if the uh patriarch is lazy or doesn't want to face his own death and doesn't do uh 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 dollars or so in new spending in this tax extension bill.
Who's paying for that?
That's the worst.
There's there's no new spending in keeping tax rates the same, but there is new social spending here.
Where 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 Irkson 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 make 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 waiting.
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.
Thank you.
It's probably true, but uh thank you, 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 um, 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 gonna have to end up getting one of these damn things.
So what do you recommend?
Um 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 I can't deny her.
So I'll let me call 14 the Dan's bake sale was nineteen ninety three or four.
I've been listening to the uh since then.
Wow.
That's she'd been she's a genuine rush baby.
Well no I've been listening to you since then.
She told me excuse me um that um she she says uh that she's following in your footsteps.
Okay, okay.
All right that makes more sense.
Now um does she have a computer now?
Oh yeah she's got a Dell but she says that that's not any good because an 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.
So there's the MacBook and the MacBook Pro.
There's a third uh yeah the MacBook Air.
That's that's uh Wi Fi only very thin very uh can you hold I'm gonna have to think about I got some more questions for you on the can you hang on to the break?
Sure.
Yeah.
Cause I mean you won't go wrong the w whichever laptop you get but you you could get more than she needs if you're not careful.
Which I would do of course but Merry Christmas to all of you from all of us here at the uh Limbaugh Institute for advanced conservative studies back to Elliot in Miami.
Okay, Elliot your daughter is fourteen does she take care of the computer she has now yeah of course if not she wouldn't keep it okay well th don't don't misunderstand now.
I mean it if it gets banged around if it's uh she takes it to school and back and so forth just I just need to know before I make a recommendation to you.
So she does the other 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 eleven or thirteen inch screen.
Right.
Then there's the MacBook Air, which is uh sleek looking it's the thinnest it primarily uses Wi-Fi, although you can get an adapter connect it uh wired uh Ethernet but it's primarily a Wi-Fi machine sleek looking very thin beautiful display uh I think it's probab I'm guessing uh the 13 inch range and then they're the MacBook proste
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 get the lower end, we should get an iPad or an iPod, and I said, listen, you're pressing your luck here.
I don't know.
no no no no no wait a minute I'm gonna I'm gonna give you an iPad to give her no you kidding no I have I have I have some personally EIB engraved iPads I got a a bunch of them to give away at random like this on the air these are they're engraved with my signature the EIB logo on the back and they're they're top line they're 64 gigabyte with 3G.
So kidding so I'm gonna send you when you get off the phone here and you need to give your shipping address to snerdly and we'll ship it down there with a with a uh a zoogue case that also has my name and uh uh EIB logo emblazoned on the case this case allows her to set the uh 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 it's no no, no no.
This is now remember we were kids.
And we're we're posturing here.
This is her posturing for you know, like when remember when we were kids, if you needed thirty bucks, you asked for forty.
Yeah.
It's kind of like the federal government.
Yeah, I remember with their with their tax uh revenue loss, which when I turned sixteen, I 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.
Uh but yeah, I know exactly what you're talking about.
Look at the iPad won't be enough because you can't you can't load word processing software onto it if she uses like uh uh Mac uh off Mac Windows for Office on on our Mac uh 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 um if I were you, I'd I'd get the MacBook Air or the s d that's what I would do the MacBook Air or the small MacBook Pro, which is uh I don't even know if it comes in thirteen.
I think MacBook Pro is MacBook Pro Mac yeah, the five yeah, the smallest pro is a is a is a fifteen 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 that uh the the price is gonna change in each one no matter how you put it together.
Plus Apple has a uh uh uh education discounts.
You can you can save up to two hundred bucks a computer by applying for it.
There's a website, the Apple uh website has a link there where you can check that out.
But my wife teaches.
Uh uh degree.
Oh cool.
Okay, so I'm sure you're you're too good, man.
Here to recommend a MacBook or the MacBook Air.
One of those two.
She love the MacBook Air.
I mean, it just it looks sleek.
It's the thinnest lack m uh uh laptop you've ever seen.
Beautiful display displays not too big, it's very, very light.
And uh she'd love it.
Sir, I I don't know I don't know what to say.
Um you don't you don't have to say anything.
It's it's Christmas time.
This is the fun of all this.
So you hang on and uh Snerdley will get your address of we'll FedEx this uh iPad, you'll have it tomorrow.
Thank you very much, God bless you.
Well, Elliot, we're happy to do it here at the uh at the EIBN.
Yeah, you didn't you didn't ask for a job, so that's that's oh no.
You know what, sir?
You know, 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.
You know, we are working on our way.
We are working on that too.
By the way, the um uh all of these Macs are gonna start around 900 bucks.
And depending on how you outfit it, you can take like the MacBook Pro up to three thousand bucks.
You don't want to go that much.
You know the MacBook Air, you can't get it up to that kind of price.
That's why we're the MacBook is white, the Mac Pro looks aluminum.
Um silver is what it looks.
It's very sleek.
Just go to the website, go to Apple.com and and uh just click on Mac and you'll get see a pictures of all these.
All right.
Thanks very much, Elliot.
Take care, and don't hang up.
Snurdly will be talking to you in mere moments.
Who's next on the uh pro uh the Greg in Dayton?
Thank you for waiting, sir.
You're next on the EIB network.
Hello.
God bless you, Russ.
Thank you.
What you do.
Hey, it's uh very honored to speak to you.
Uh I uh you want to know something that the the liberals would probably just have a a fit over is that they started taxing the money parents spent for sending their kids to college uh as income to the ch the kids that go to college.
If I was I made a hundred grand a year uh as as a nineteen year old, I'd be paying tax on that money.
But if you gave me a hundred thousand to send me to Yale, I'd I'd it'd be a freebie to me.
I wouldn't have to spend a a dime on in taxes.
That I love revenue.
That I love that idea.
Tax the kids tuition as income to the kid, right?
Absolutely if you if you didn't go to college and you made a hundred grand, got lucky somehow and made a hundred thousand dollars at the horse races or wherever you made it, they'd be taxing you for that.
Well, one of the one of the things in this deal is to extend the tax deduction for tuition.
Um what we want to do is eliminate it.
And all these guys that send their kids to college at tuition money's income.
Absolutely.
Make them pay that's everything else that comes to us that way is income.
You're exactly right.
Anything that uh if I was nineteen and and my parents were paying me to go to Stanford or uh really nice school or any school.
If it was you know what they it cost these days.
Yeah.
If those kids had to pay income, they could defer it uh five, six years and go to the federal government.
Well, the first thirteen thousand of it is uh is tax is a gift tax-free.
And if you're married, you know, the husband and wife together, the mom and dad could effectively give the kid 26 grand a year.
Well, that that doesn't hardly touch some of the schools in uh no, by the time you get in a room and board, you're up to uh forty.
Yeah.
You're up to forty.
That's a free.
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 the come up with the money to spend.
Exactly.
But yeah, and but the the recipient, like the person who would be a recipient on the end of a estate tax has to uh 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 the the uh the heirs are paying the tax.
Amen, bro.
I like it.
I 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 gonna 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 why do we want the home mortgage interest deduction?
Look at all that's costing the government.
Why do 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 ten percent to fifteen percent.
That is a fifty percent increase in the bottom income tax bracket, the one none of you Democrats ever talk about.
Respectfully, you left me.
Uh that 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 missing the point.
Stop being adult about this, Congressman.
If you get your way to the case, 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.
Let's not talk 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?
A long-haired maggot infested dope-smoking ingrates attacked a car carrying Prince Charles and Camilla?
These students upset that they're gonna 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 waiting word.
We don't know what happened.
Well, then how do you know the car was attacked?
Did you see any pictures of it or did he just read pictures of the area?
So we don't know if this we don't know if the prince is still alive.
I mean, that's the way you you gotta be careful, Snerdly, how you report this stuff.
You say to me, we don't know what happened to the prince.
Well, that sound.
Well, they do.
Were they pushing and just rocking the prince's car out there?
They attacked.
Uh it used to be a capital offense to lay hands on the personage of royalty.
Well, I that's right.
The law doesn't think about the car.
The car cannot be said to be the personage of uh 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 uh or kicked.
Well, we'll keep a sharp eye for pictures.
Now they're showing there these in grates are.
They are mobbing the place, and this is live.
It's like uh 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.
There's gonna be an extra charge.
Thing's 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 uh that I corrected.
But either go to the website Apple.com or go to a Mac store, an Apple store.
They've got all these things there that you can see play with and figure out which one would be best, and we'll see you on open line Friday tomorrow.
▲
Export Selection