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July 11, 2011 - Rush Limbaugh Program
36:45
July 11, 2011, Monday, Hour #1
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Time Text
Welcome to today's edition of the Rush 24-7 podcast.
Everybody's wondering what happened.
Everybody wants to know.
I mean, in the Washington establishment and media.
And on the Democrats everybody's wondering what the hell happened between Friday and Sunday with Boehner.
What happened?
They can't figure it out.
Nobody has the slightest idea.
What happened?
AP.
AP can't figure it out.
AP twice can't figure it out.
Reuters can't Rupert Murdoch doesn't even know.
Greetings, my friends.
Welcome, Rush Limball the Excellence and Broadcasting Network.
Great to have you with us.
We're here at 800-282-2882, as always.
Our telephone numbers uh just get an email addresses, L Rushball at EIB net.com.
Man, there's this gonna be fun today.
There's uh lots of stuff out there.
Just finished.
An Obama press conference.
It was boring, it was repetitive, there was no teleprompter.
It's at a loss for words.
Either thinks we're stupid and speaks slow so we can keep up, or uh yeah, he actually he actually comes up with this.
What was it?
Time time to pull off the band-aid and and and eat eat your peas.
We all have to eat our peas.
I mean, that's mother talk for crying out.
That's not even daddy talk.
That's mother talk.
Is that what Michelle says to him?
When they eat dinner in the residence quarters.
All right.
Time to time to shut up, Barack, eat your peas.
For crying out loud.
When's the last time you heard that, folks?
Uh anyway, I you notice what if you watched it, uh, if you listen to any of it, uh suddenly different tone, Obama took at today's presser.
This was uh this was intended to be a do-over for his last really ugly press conference.
It wasn't that long ago.
That was the tough guy approach, if you recall tough guy, and it must not have uh polled too well.
So now we got the nice guy Obama today, and and it I folks, I think he ought to give up this showing up every day, every other day, make a speech, do a press conference for 45 minutes for an hour, just listen to go the full dictator route and just show up as Castro, do one eight-hour speech once a month and be done with it.
This is not thrilling.
This is not exactly he's he's not converting anybody here.
This is this is uh he's almost like he was trying to evoke sympathy from his own base and supporters about how mean the Republicans are and about how Rick Calsen and that that may work, but I I don't think anybody wants to feel bad for him.
I if that's what he's trying to do is make people feel sorry for him because I fully wouldn't be surprised by that either.
And I mean, narcissists and people like that think that everybody else thinks about them all the time, like they think about themselves all the time.
This is funny, AP.
A debt busting deal on the scale that President Barack Obama and House Speaker John Maynard had talked about, would have all been guaranteed that people on Medicare would feel at least some of the pain, but on Saturday evening, Boehner said he wouldn't seek the four trillion dollar deficit reduction deal, but would seek two trillion dollars in reductions.
The exact effects of that shift by Boehner weren't immediately clear.
Well, they were to us, and they were to any of you who listened to this program on Friday, it was patently obvious what it was it not.
Number two.
Last week, Boehner and Obama had private talks that led Democrats to believe the House Speaker was willing to entertain revenue increases as part of a full overhaul of the tax code later this year in exchange for Democrats agreeing to stiff cuts on the growth of Medicare and a lower increases in Social Security cost of living adjustments.
But Boehner recoiled and abandoned The idea Saturday night in a move that rattled the talks.
And they're scratching their heads out there.
The AP trying to figure out what happened?
What went wrong?
What changed?
We thought we had this guy ready to give us everything we wanted, including Obama's re-election, and then all of a sudden, bam.
A total stop and even a reversal.
So Obama's out there pushing this magic August 2nd deadline to get this thing done.
That's because Ramadan starts August 1st.
And it's uh Well, it does.
Looked it up.
Yeah, I tell you one thing is clear, and I don't think this is a surprise to anybody.
Um real change in the right direction for the country is going to be impossible without a real change in the White House.
I mean, that's what this uh oil boils down to.
Let me put this in perspective for you.
Even the big deal, even this giant major, really rolling up the sleeves and getting serious about it, four trillion dollar deal.
Come on, that's uh that's over ten years.
We are running an annual deficit of one and a half trillion dollars.
Okay, so four trillion, yeah, that's not pretty big.
Until you amortize it over ten years, then you realize that this big deal that everybody's talking about, this really tough, I mean, man, not unprecedented big deal, would be $400 billion a year in cuts.
We ought to be insisting on one trillion dollars a year in cuts if we're serious about this, and a lot of people are.
Referring to voters, I am.
A lot of people are very serious.
$400 billion a year doesn't sound like much, does it, when you got a deficit of one and a half trillion?
But four trillion over ten years, wow, man, what number?
Four trillion.
4,000 billion.
Holy cow.
It's 400 billion dollars a year.
And over 10 years, it means the cuts in nine of those ten years never happen because you do a budget every year.
And the dirty little secret, and of course, all of this, folks, I got details.
Uh I'm giving you little headlines here, what's coming on the balance of the program.
The dirty little secret here.
And I I mentioned this on Friday.
I said, really, Baehner is not under any pressure to do this, not from his voters.
Boehner's not under any pressure from his base to do this deal, particularly on Obama's terms.
And the dirty little secret here is the Republicans don't have to seek any kind of deal with the Democrats.
They can sit back and they can do nothing except vote no on raising the debt ceiling.
Now, everything I read over the weekend, even some Republicans say at some point, oh yeah, we gotta raise it.
It's going to happen.
It's just a matter of how we get there.
But they don't have to.
They don't have to.
They don't have to seek any kind of deal with the Democrats.
They can sit back and they can do nothing except vote no on raising a debt ceiling.
It is Obama and the Democrats are gonna have to figure out how to prioritize payments so the interest on our debt gets paid, but that's their problem.
We don't have to do anything.
It's up to Obama whether that debt gets paid, whether it gets rolled over and paid or not.
Well, I'll explain it as the program unfolds.
But it's up to the Democrats and Obama to do that.
And it's that's only fair because it's mostly their debt in the first place.
We don't have to help them out of this.
And this isn't this is I'm not even engaging in hard negotiation talk.
I'm just giving you facts.
The Republicans really don't have to do anything here.
Now, when I say that Boehner's not under pressure from the base, but he is under pressure.
I mean, my God, they got the media, the whole Sunday shows.
I mean, the whole mindset is we gotta do something.
We gotta do something.
They've always got to do something in Washington.
Geitner on the Sunday shows.
It's gonna be, it's gonna be worse.
Oh, American people have no idea how bad it's gonna.
Oh, it's horrible.
Gotta do something.
No, we don't.
Don't doubt me.
We don't.
Republicans don't have to do anything.
Obama and the Democrats have to figure out how to prioritize payments.
Now Democrats and the media, some of the some of the lefty schlubs are out there saying, hey, you know what?
The 14th Amendment, there's a little clause in there, gives Obama the authority to spend money without Congress saying anything.
No, it doesn't.
No, it doesn't.
It's another trick.
They're taking one line out of context.
I will explain that as the program unfolds.
But let me tell you how the only way the country goes into default is if Obama does not prioritize the debt.
And that would only happen if he let it happen.
Which would mean that he wants the country to go into default because it's very easily avoided.
He might not want to avoid it.
I don't know.
But it's easy to avoid going into debt.
And we explained this in great detail on Friday.
The debt service is simply the bonds, not paying down the debt, not paying down the deficit, not paying down the national debt, is simply servicing the bonds.
That's all we're talking about here.
And we can do that with existing revenue.
It's uh plain and simple.
I'm watching a press conference that's Groundhog Day.
I'm saying, didn't I just hear this?
Didn't he just do this press conference?
And I also said there were parts of this I was confused because I thought I thought Obama told us for years that government spending was stimulus.
But now, if you listen closely to this press conference, it's bad.
We've got to do something about it now.
We got to do something.
It's the same old thing.
He gets to sit around and spend all the money and then after the fact act like a spectator and say now we gotta have fiscal responsibility.
This is it's been out of control for much too long.
It's like he hasn't been president for the last two and a half years.
So all of a sudden now government spending is bad.
Uh two months ago it was stimulus.
A year ago it was stimulus.
Government spending mandates the only way.
And there, by the way, a couple of stories.
This is hilarious.
And there, I think I think the stories are honest.
That they're depressed and frustrated and really beaten down in the White House.
They say they've tried everything.
There's nothing left.
There aren't any other options.
There's nothing else we can do.
They've tried it all and it hasn't worked, and they are depressed as hell.
They there's two stories I have on this that they seriously think.
That's why they're depressed, that's why the libs are mad.
This is their opportunity for utopia panacea.
This was where it was all the magic was gonna happen.
And all they've done is make it worse by compound of two or three.
And so now they're thinking, oh my God, there's nothing left to do.
What a what they think they cut taxes in December, see.
By leaving the Bush tax rates the same.
They think they cut tax, just like they used to think West Wing really was the government.
The TV show.
They think they cut taxes by leaving the Bush tax rates alone in December.
Which, by the way, Obama's back in December.
We can't raise taxes.
Not in this economy.
Not six months later, we gotta raise taxes.
We gotta raise taxes to be fair.
We go, well, what's changed other than things have only gotten worse?
And we couldn't raise taxes in December.
And we told you what this is all about.
In December, Republicans held all the cards, even though they had not been sworn in as the majority in the House of Representatives.
So the Bush tax rates remained the same through 2012, and it was it was predictable.
We said so that beginning shortly after January this year, he would start campaigning for 2012.
Just please his base, try to get them back for ticking them off at leaving the Bush tax rates the same.
He started tax increasing would be his campaign theme.
And he's doing it.
He's simply following through on what we and a lot of other people knew he would do after leaving the Bush tax rates alone, saying we couldn't afford our economy could not withstand new taxes last December.
That ticked off the base.
See now he's going to the wall for for massive tax increases on everybody.
He even included best-selling authors in his complaint today.
Where is that?
Yeah.
He says he doesn't want hedge fund managers and best-selling authors to get away with not paying their fair share.
Now, what best-selling author do you think he had in mind?
Himself.
Well, you're thinking Vince Flynn.
Yes.
I was too when he said best-selling, I think Vince Flynn or Ted Bell.
Um or Jim Patterson or any number of these uh because I've been reading so many good books lately.
I can't even remember the name of all the uh uh James Houston.
Uh Marine One.
Can't I I five o'clock in the morning book.
Yeah.
Marine won James Houston.
And then I I don't remember the author.
I'm gonna get shot here, but the the the title of book is the Jefferson Key.
K-E-Y Jefferson Key.
It's another five o'clock in the morning book.
Novels are escape for me.
I love reading them.
And uh I just download I'm I'm I'm downloading books continuously on my iPad, and that's where I read them.
Steve Barry, Jefferson Key, Steve Barry.
There's there's a lot of them out there.
Uh so he says that he doesn't want hedge fund managers and and uh best-selling authors to get away with not paying their fair.
Oh, and and Roy Spencer, our official climatologist, has a new book out or coming out.
He sent me a copy of it.
And then um Ann Coulter's book is out and it's doing great.
So I mean, there's a lot of stuff there was he could have been talking about Coulter, but anyway, he's talking about himself.
He can't resist bringing himself into the conversation.
I gotta take a break.
I'll pick it up right where we left off here.
Don't go away.
Okay, here's I just want you to hear Obama saying this.
Ben Feller, the AP White House correspondent during the press conference, says to Obama, on your uh no short-term stopgap measure declaration.
If it came down to that and Congress went that route, I know you're opposed to it, but would you veto it?
I will not sign a 30-day or a 60-day or a 90-day extension.
That that is just not an acceptable approach.
Of course not.
If we think it's gonna be hard, yeah, if we think it's hard now.
Yeah.
Imagine how these guys are going to be thinking six months from now in the middle of election season when they're all up.
It's not gonna get easier, it's gonna get harder.
So we might as well do it now.
Uh pull off the band-aid.
Eat our peas.
Uh you know, now's the time to do it.
Eat our peas.
President of the United States talking about this manner's eat our peace.
Again, it's it's mother talk.
It's mother talk.
So hedge fund managers, best-selling authors.
Gotta make sure that they um don't get away without paying their fair share.
Now, hedge fund managers get a bonus at the end of the year.
This is the carried interest that I described to you last week.
Carried interest.
They, because they're the early investors, they get paid first.
The hedge fund managers, they they well, not first, but they get they they actually get paid near the end, but they Obama wants to do away with carried interest, which would tax their income at earned income rates rather than capital gains.
But uh, and and by the way, that's thanks to Chris Dodd and a bunch of other politicians, Democrats who wrote the law that way.
They created the carrot interest business.
Now Obama wants to go to ripe it out.
But authors do not pay taxes at the capital gains rate.
They pay the the top marginal rate, which is 35%.
I I don't know if he knows that or not.
Or as I say just a narcissist that has to include himself in the conversation.
Like like Clinton.
You know, I uh I I've done well since I left office.
I'm a Hillary and I were ever since I met Burkle, you know, we're by the way, speaking of Burkle, did you?
New York Post had a story where the Wick and Burkle said the worst thing that ever happened to him was hiring Clinton for his uh investment company, you Kaipa Capital or you type a whatever the name of Burkle, a billionaire grocery store guy, uh hired Clinton, flew Clinton around in his private jets.
There were some really obscene names for Burkle's jet when Clinton was flying around on it, by the way.
Not Air Force One, but Air One was what that plane was known as when Clinton was on it.
And Burkle said, Yeah, my reputation has kind of gone south ever since that happened, uh, since I hired Clinton.
It was probably one of the one of the dumbest things that I've ever done.
So, okay, imagine how hard it's gonna be when these guys are up for re-election.
Right.
More on that in a moment.
By the way, Dr. Spencer's new book, he's our official climatologist.
Roy Spencer, the new book is um.
Fundonomics, the free market simplified.
It's not available at Amazon.com.
It's only available at fundinomics.org.
And it was released on July 4th.
Fundonomics, the free market simplified, Dr. Roy Smith.
That's just another one of the uh excellent books that's uh that's out there.
So Obama, here he is imagine how hard it will be with these guys when they're up for re-election, doing his budget deal and a debt ceiling deal.
He's up for re-election.
That's part of the problem.
Imagine how hard it's gonna be for him.
That's what he doesn't want to be the reality.
He's trying to grease his own skids here.
Imagine how hard it's gonna be for him.
Now, how about General Electric?
Obama once again goes out after authors, goes out after hedge fund managers, corporate jets.
He did it again today.
Well, how about GE, which at the time owned NBC.
Now, you know, there's a big scandal in Britain right now.
Rupert Murdoch, news of the world newspaper, been around for a hundred thousand years, shut it down.
He did.
What do you mean no?
Oh, I thought you said no.
You know, he shut it down Sunday, and it was profitable.
Newspaper people look around the world.
I can understand shutting a loser.
He shut it down a winner.
That's because he wants to get rid of this scandal, which involves hacking voicemail machines of people other than celebrities and politicians.
But now they've found out made them.
It's pretty pretty widespread.
And it turns out that the news of the world had some close relationships with uh members of the British government.
And so that's that great, he can't have that, especially if it's Rupert Murdoch, we can't have for crying out loud.
That's this is intolerable.
Well, let's talk about General Electric.
You have close relations with the government.
General Electric, no taxes, no U.S. taxes on five billion dollars worth of income.
They get away without paying taxes.
How come he never mentions GE?
And at the time, they were the majority on the sole owner of NBC, which includes MSNBC.
And at the time, MSNBC and NBC, for all practical purposes, were in the tank for Obama.
So you can talk about the British scandal you want.
We've got our own here.
It's just nobody's mentioned it as such.
But imagine this Murdoch business going on over there if they learn that Murdoch was allowed to pay no income taxes on any of his holdings over there.
The roof would blow.
But that's already happened here.
And Jeffrey Immelt, the CEO of GE is on Obama's uh private sector hiring commission.
A lot of good it's doing.
He imagines GE.
Do you think they know how to hire people?
They do, right?
General Electric has employees.
They know how to hire people.
So go get that guy, put him on your private sector employment commission, and they can't figure out how to do it.
ML can't tell them how it's done.
ML could tell them a lot.
Here's how you hire.
Here's how you have a number one business, and here's how you pay no taxes.
And they have a very, very close relationship.
So here you you you want to raise taxes, Obama.
How about taxes on unions?
Ton of money out there to be had.
How about raising taxes on media matters?
How about raising taxes on all these ostensible think tanks, which are nothing more than campaign arms of the Democrat Party violating potentially violating tax regulations, 501c3 things.
Union guys build those corporate jets.
Union guys build those yachts.
I'll bet you union guys print those evil books.
They get a ton of money too.
Look at all, look at all the dues money that unions use to buy politicians.
They need some skin in the game, raise their taxes.
They need to do their part.
Unions, they need to do their fair share.
We need a balanced approach here.
That's what I think.
Well, a balanced approach, go out.
There's a ton of money out there on the left that somehow they're not targeting.
And everybody knows the unions have loads of it in General Electric.
They got money.
Now, we conservatives are not opposed to all revenues and all taxes.
I just mentioned one that should be on the table.
Boehner and Cantor.
Go in there.
You you now have a tax proposal.
Thanks to me.
Tax the unions.
I just gave you a tax proposal.
You want to go out and raise it?
We're not opposed to it.
Go ahead, raise taxes on the unions, and suggest that General Electric pay taxes.
Go in there.
Next negotiating session with Obama.
There's all kinds of money at the unions that are not being taxed.
And they're building these evil corporate jets that you hate.
So Boehner and Cantor go in there.
You now have a tax proposal free of charge, thanks to me, and tell them, okay, Obama, we want to tax unions.
I have another idea.
I have another tax idea.
We want to tax at 90% any the wealth of any fifth generation Rockefeller.
I mean, you talk about big oil.
There's a lot of people out there living today and not having to do one thing for it in terms of oil, but the roots of their money is oil.
And you hate oil.
So we'll have a 90% tax rate on the total wealth.
We'll have a wealth tax just on all fifth generation Rockefellers.
You want to talk about big oil?
I mean, I'm I'm I'm overflowing with ideas.
I'm just getting started here.
But I just want to illustrate, we conservatives and Republicans, we are not opposed to uh enhancing uh revenues.
And then maybe I don't know how politic this would be, but we can say, Mr. Obama, 47% of the American people, 46, 47%, are not paying any U.S. income tax.
Uh tax the poor.
Greece did it.
I know Greece is taxing the poor.
They got no choice.
That's where we're headed.
No, I don't want to put that one on the um, I don't want to put that one on the table, of course, that politically a non-flyer.
But a 90% tax rate on fifth generation Rockefellers?
Why stop it?
I'm not fourth generation Rockefeller, too.
Any generation, Rockefeller, for crying out loud, we're just talking about the ones that are still alive.
I don't care.
Third generation, fourth generation, fifth.
90% wealth tax on all of them.
All they've had to do is grow up.
Lucky sperm club.
Remember now, Obama goes out last December when he extended the Bush tax cuts.
He said it would save a million jobs.
I've got that sound bite.
Here it is.
Audio sound by number one, December 6, 2010.
Eisenhower executive office building.
This is Obama speaking about a compromise to extend the Bush tax rates cuts, if you will, and that's a little bit of what he said.
The American people didn't send us here to wage symbolic battles or win symbolic victories.
They would much rather have the comfort of knowing that when they open their first paycheck on January of 2011.
It won't be smaller than it was before.
All because Washington decided they preferred to have a fight and failed to act.
Make no mistake.
Allowing taxes to go up on all Americans would have raised taxes by $3,000 for a typical American family.
And that could cost our economy well over a million jobs.
That's last December.
Is your mouth wide?
My jaw hits the floor when I when I listen to that and then listen to his press conference today or anything he said in the last three months, six months, whatever.
The economy was weak at the end of last year.
And it's worse today than it was then.
And he said if the Bush tax cuts were not extended, it would trigger the loss of a million jobs.
Now he wants to what?
Trigger the loss of a million jobs.
He wants to end the Bush tax cuts.
You know, I live in Rioville.
How?
The mayor.
Also the dog catcher.
There are not too many of us here.
Town Council president, I'm it.
Police chief.
I feel so alone in real.
What are we to do here?
Six months ago, he says we can't raise taxes.
It would cost a million jobs.
Americans would find their tax bill go up $3,000 for an average family.
Today I want a million jobs lost.
We need to trigger a tax policy that will cost a million jobs and will cost you an additional $3,000 in federal taxes.
Talking about the same people here.
It was those big tax increases on those making over $250,000 a year that would cost jobs.
The president knew it.
Bill Clinton joined him at the podium, by the way, last December.
Clinton was in full agreement.
Now the economy is even weaker today.
So my question is why will Obama's tax increase on job creations or job creators today not trigger the loss of a million jobs?
Why would it do so in December, but not now?
No, snurdly, this is one of these questions we're not supposed to ask.
This is one of those statements we're not even supposed to remember.
We're not supposed to remember this.
I mean, there's no rational reason to raise taxes.
There's no rational reason to demand tax increases when 14 million Americans are out of work.
And using his own words, Obama's own words, his own logic, if you call it that.
The tax increase that he demanded today, and over the weekend will put an additional one million American.
Bainard Canner, all you've got to do next negotiating session.
Go in and play this back for him.
Put it on your iPhone and take it in there.
Put it in your iTunes.
I'll show you how to do it if you don't know how.
I'll send it to you.
I'll send you the NP3 file of the bite.
I'll send it to Baehner.
I'll do that.
I'll send it up there.
I'll send it to him.
Load this on your iPhone.
If you use a Blackberry, I don't know.
I assume Blackberries play audio.
Right?
I don't know if they do.
They do?
Okay, good.
No, I'm not going to send him an iPhone.
That's probably violation of gift law.
Some such thing.
Maybe I could save him an iPad and IPOD.
IPOD Touch had played it.
Regardless, just go in a room and play this.
You know something else I'd do?
I'd I'd I'd go public with what's being said in there.
Yeah, Obama gets to hide behind the privacy, they're also at the same time demanding transparency.
Who's really saying what in these meetings?
Brief timeout, my friends L Rushball sitting behind the golden EIB microphone where I was born to be.
On the cutting edge, it's Rush Limbaugh serving humanity, America's truth detector, America's real anchor man, and the doctor of democracy.
So I've I wasn't kidding earlier, ladies and gentlemen.
The Heritage Foundation Morning Bell, their early morning blog refers to the phenomenon here.
Last night, President Obama, U.S. congressional leaders failed to reach agreement on a deal to raise the nation's debt limit.
Meanwhile, been more than 800 days since the Senate passed a budget.
Liberals in Washington pushing for higher taxes, unemployment soaring, deficit keeps growing, America careening toward an economic future as the Europe of the West.
On Meet the Press Yesterday, little Timmy Geithner insisted tax increases are necessary.
Although he didn't say they said raising revenues.
He trotted out a long list of reasons why the recovery's been so slow.
Gas prices, terrible weather, local governments making cutbacks, Japanese earthquake.
Where is it?
Where do I have it here?
This notion that it's the weather?
What about 9-11?
We went from in 2001 unemployment 4.7.
In 2002, the unemployment rate was 5.8 or near that.
Now 9-11 are is he trying to tell us that a couple of tornadoes is worse than what happened on 9-11.
Is that what they're trying to say when they blame the weather for this?
Geithner said the president's being too hard on himself.
And the morning bell mentions that they're just they're they're frustrated in the White House.
There's nothing left to try.
Honest to God, folks, I'm not making this up.
There are people, it is being reported anyway, in the White House who are so low when they look up, they see the gutter.
That's how depressed they are.
They think they have tried everything.
Nothing left to do.
They have done it all and nothing has worked.
The idea, the stimulus package and all the various QEs, the quantitative easing one, quantitative easing two, this is...
This is basically where the government printed money and bought bonds from itself.
The Fed printed money and then bought treasury bonds.
And those bonds were then invested in the market.
Wall Street did pretty well.
They've tried all of that.
All this spending, and it it's nothing's worked, there's nothing left to do.
But from whose standpoint has everything been tried?
Ivy League, elite, overeducated, Keynesian leftists.
The government, the government.
The government has tried everything in our textbooks.
Everything our textbooks, everything my professor ever told me.
We even tried some things, Dershowitz and Tribe told us.
Larry Summers every day.
Nothing left.
Everything they've been taught for 30 years they've done, it hasn't worked, and now they are depressed.
Right on, right on, we're back.
They haven't tried everything.
Obviously, we know they haven't tried everything.
They haven't tried cutting taxes and uh real tax cuts.
They haven't tried deregulation.
They haven't tried getting out of the way, and they haven't tried resigning.
And until they're willing to resign, they can't say they've tried everything.
Again, I live in Realville.
I am the mayor.
These guys, I I look at What Boehner ought to do, go play golf at Obama's favorite course.
Tell him, look, when you're ready to cut spending, you let me know.
Otherwise, it's automatically gonna go in a default on August 2nd.
And by the way, that's the point.
Cutting, big cutting, occurs automatically on August 2nd.
The debt gets service first, and the rest of the government's cut.
That's what happens.
You want to talk seriously?
Fine.
Till that we'll just keep teeing it up out here at your favorite course.
And I'll invite Limbaugh.
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