All Episodes
Previous Next
July 14, 2011 - Rush Limbaugh Program
32:17
July 14, 2011, Thursday, Hour #3
| Copy link to current segment

Time Text
And we are back serving humanity.
How?
We're here.
That's all it takes to adjust for another hour.
It's a reminder or a warning, whichever is most applicable here.
Mark Belling will be here tomorrow, Mark Stein, Monday and Tuesday.
I'm going golfing.
It's an annual member guest in the secret confines of a rather large area of the Great Northeast.
And as such, uh Boehner and the boys are on their own on the debt talks, resuming in tomorrow in the White House.
Obama has given them an ultimatum.
Show up with a plan or else.
And I have told Boehner to Boys that they're going to go up there with their own plan, and that is you're going to present a plan, you're going to tell the American people what your budget numbers are, and Harry Reid, you're going to present a budget for the first time in two and a half years in the Senate.
Obamacare is going to be on the table.
Those are the instructions.
Now, there's an idea going around out there that uh, and this is a risky thing to do.
This is a really risky thing to do, but it's an idea circulating that what Boehner ought to do is uh get somebody propose a piece of legislation that repeals the Bush tax cuts and then vote on it.
Tomorrow.
Today, whatever.
Do it today.
Piece of legislation.
Move the Bush tax cuts be repealed tomorrow.
And let it go down to a stinging defeat, then go to the meeting and say, Look, Obama, we put your demand up for a vote, and it lost.
There's not uh what more can we do?
We are not going to raise taxes in the House.
The danger in doing that is what if it passes.
What if you know you you can't you can't run that or you never know what can happen between the time you put it up for a vote and people are targeted and gotten to.
It'd be fun thing if it worked out because they go, hey, we did see the vote yesterday on repealing the Bush Nice guts.
It didn't work.
Uh what more do you want us to do?
What you're demanding can't pass.
We don't need to do it that way.
It it's it's just there's no chance, Mr. President, that any tax increase is going to pass the House right now.
Look, it Obama knows that.
Obama knows that.
The sooner everybody realizes that from Obama's perspective, none of this is about the substance, then the better off and the better informed, the better positioned everybody is going to be.
This is not about the substance.
Oh, yeah, if Obama could get the substance he wants, yeah, fine, but that's not what he's doing here.
It's all about re-election.
This is all about at the end of this, Republicans.
Once again, they don't care what happens to the military, social security recipients.
All they care about is the rich, corporate jet owners.
That's that's that's the game they're playing.
Hell, Obama couldn't get a tax increase through Congress when the Democrats had supermajorities in both houses, folks.
It was Obama who insisted on the Bush tax cuts remaining in force last December.
Obama couldn't get a tax increase through the House.
So he knows what the reality is.
And it's also the case that that's not what this is about.
And um, and I think Boehner and the boys know what this is about.
The problem is that our guys know we got a serious problem.
It has to be dealt with honestly and in an adult fashion, and we're trying to do it.
Really, there's two different things going on in these meetings.
Boehner and the boys are treating this with the seriousness and respect it deserves, and Obama's not.
That's what's going on here.
That's why Boehner says, It's like dealing with Jell-O.
I mean, uh one day the guy says okay to this, and the next day it's like we never spoke about it.
That's because Obama couldn't care less about the Obama is aiming for no deal.
Now, don't misunderstand.
If he can get a deal with a Republicans caving, he do it.
Don't misunderstand.
But if that doesn't happen, it's not the end of the world for him, in the way he's thinking.
Listen to this George Orwell quote.
Political language is designed to make lies sound truthful.
Political language designed to make murder respectable.
Political language designed to give an appearance of solidity to pure wind.
Now, is that Obama or what?
Pure wind described as solidity.
Now I mentioned we were talking about books.
In fact, I spoke to Gretchen Morgenson, who uh wrote the book about the financial mess, the housing that I I it's a fabulous book, and I recommend it to you.
We spoke to her for the interview, the next issue of the Limbaugh Letter, which is coming up El Quico.
And I mentioned all kinds of books I've been reading, like Jefferson Key, Marine One.
I mean, I use, I look at novels, use them as escape, and I describe them as 5 a.m. novels.
Time doesn't matter.
You start one, and if they're that good to me, you can't, you just don't stop, no matter what the clock says.
And the Jefferson Key was that way and Marine One, and just there have been a bunch of them.
Uh and I'm I can't remember them all.
And Laura Ingren's latest book is that way is good of the I Zing.
And it's all about the deterioration in culture from a humorous point of view.
Uh, and an attempt here to uh provide a recovery of sorts from it.
She uh was walking through a Northern Virginia shopping mall.
Well, she's on it, she's on a train, I guess the Acela train or one of the trains in the Washington and New York.
She's an adoptive mother.
She has, I think, three adopted kids now, and there's some guy watching porn on his computer within sight of her kids.
So she said, Do you think he didn't think of it?
Nobody else did either.
Some guy watching porn on the train in front of kid.
That's no big deal.
It's his space, it's nobody else's business.
She was appalled.
And she's uh, you know, 500-pound women wearing uh uh tank tops, getting their nails done in the shopping said.
Wait a minute, we're out of control here.
So she has uh written a book about it of the I Zing.
It's just recently out.
And it's uh worth it.
Peter Orzog, you remember him?
Now he's one of the uh Obama budget people who have split the scene.
Joseph Lawler, the American Spectator blog, has this piece.
Peter Orzog simply or is becoming increasingly honest now that he is no longer the head of the Office of Management and Budget.
Now, my theory is, as I announced earlier in the progress I explained.
I think Obama's economic team, they're all gone.
There's only one left.
That's Geitner.
Treasury Secretary.
They've all left.
And I'm pretty confident the reason they're gone, they don't want their names tied to this.
I'm I'm sure that after two years of this stuff, some of them advised him to do different things, and he wouldn't even hear of it.
And they said, okay, uh, this isn't going anywhere.
It isn't working.
We need to try something different.
He's not going to do it.
I'm gone.
There's no reason for me to be here.
There are a lot of people abandoning the ship.
And Orzog was one of them.
And Lawler says Orzog becoming increasingly honest now that he's no longer the head of the Office of Management and Budget.
Here he is on Rosie Scenarios.
This is Orzog.
The CBO assumes economic growth will exceed 3% per year from 2012 to 2016 before gradually declining a bit more than 2% in 2021.
What if instead growth remains at 2% to 2.5% for the next 10 years?
I asked Kogan to recalculate the budget numbers, assuming a constant growth rate of 2 and a quarter percent per year, which seems plausible.
And he found that the deficit then averages more than 7% of GDP.
By 2021, it's more than 8.5% of GDP increasing.
Under these modified growth assumptions, two and a quarter percent growth rate a year, the cumulative deficit for the next decade's 13.7 trillion.
Now, folks, this is a guy who has left the administration.
He is now warning.
This is makes my point of earlier today, that they got out of there because they didn't like where it was headed, didn't want to be tied to it, and now he is sounding a warning bill.
He has just he's saying this publicly.
And by the way, a growth rate of two and a quarter percent, a lot of people don't think we're gonna be able to hit that.
Daniel Henniger has a piece in the Wall Street Journal.
I ought to read portions of it to you, in which he cites an economic expert, an author or professor, whatever, who thinks we're done.
What if we are Europe?
What if our growth rate every year is 1.8% to 2% max?
What if that has already happened to us?
What if we have been Europeanized?
Well, I don't even want to think about that.
But if we have been European, we we we haven't totally been Europeanized because we haven't gotten rid of our military, but we're on the way with these guys get their way, to be totally Europeanized.
You get rid of your military so that you don't have to defend yourself.
You call on the United States to do that.
But but Orzog, back to him.
Orzog is saying that at a growth rate of two and a quarter percent and current spending levels that we're gonna add $13.7 trillion to the national debt the next 10 years.
It took from the founding until today to get to 14.3 trillion.
We're gonna add this is uh incalculable.
The national debt today, 14.3 trillion, took 235 years to get there.
In the next 10 years, we're gonna add another 13 trillion to it.
Total twenty eight trillion dollar national debt, with thirteen point seven of it added in the next ten years.
That is unsustainable.
And that's the road Obama has put us on, and that's the point at which Orzog decides to get out.
In other words, the impact from sluggish growth on the budget shortfall over the same period exceeds two and a half trillion dollars, which is more than the roughly two trillion dollars in deficit reduction that may wind up being agreed to as part of a deal to lift the debt ceiling.
That's how serious this is.
That's unbelievable.
That's why Mr. Lawler says maybe becoming honest now that he's no longer the head of OMB.
And let's take a brief time out.
We'll come back and get more of your phone calls in after this.
Okay to Salem, Oregon, as we return to the phones, it's Brian.
Brian, great to have you on the program.
Hi.
Hi, Rush.
I know that you know that this is a great honor and a thrill for me to speak to you.
Thank you, sir, very much.
I do know that.
I'd like to touch bases on something you discussed a couple of weeks ago, and if I may maybe float a question about technology, you being the uh technology guru.
All right.
A couple of weeks ago you were discussing uh how the uh uh media was pushing an independent uh or a moderate candidate in the Republican uh presidential uh primaries as uh uh to the independents in order to try try to draw independent uh votes.
Rush, you know, I used to be, I was registered as a Democrat.
I've listened to you for years.
I'm I'm currently independent, and I think under the circumstances that that's gonna be a huge mistake.
They're gonna wind up with another John McCain.
All the independents I know are considerably more conservative than the moderates that the media has attempted to push.
Who who again is advising the who are you who are you hearing this advice from?
Uh well, you're hearing the media pushing uh okay, you're right.
they want us to nominate a loser.
Exactly.
That's exactly right.
And but most of the independents that I know are considerably more conservative than the media would give them credit for I think uh and I'm I'm proof positive of that.
My wife is, thanks to you.
She's been educated in the ways of conservatism as well.
And I think under the circumstances, it would be another huge mistake if they push another moderate as their presidential hopeful.
Well, there are a bunch of them in there.
There are a bunch of moderates, and one of them is currently the fundraising leader.
Well, that's a huge disappointment, and I think it's going to be another losing proposition for the Republican Party under those circumstances.
Well, yeah, we don't, of course not.
We'll see.
It's early, and everybody on the conservative side of things understands that.
Nobody is interested in nominating another moderate in any way, shape, manner, or form.
If that happens, it's going to be, I don't want to think about it, not going to be pretty.
But it could well be.
You know, there's such anti-Obama sentiment out there, you really, really don't know.
But not time to throw in the towel on that yet.
Your concern, well understood by many people.
I'm glad you called.
I appreciate it.
Thanks very much.
I don't know what's going on here.
But man, the Democrats are pulling out all the stops.
They got dingy hairs.
A presser, it just ended.
Dingy Harry introduced little Timmy tax cheat Geithner, and then he introduced Schumer.
Now, obviously, this is why the Republicans are very nervous.
I'm sure cookie's rolling on this.
If there was anything new in this, we'll have it.
But this is Geithner warning.
If we don't raise the debt limit, it's the end of America as we know it.
If we don't take this step, I can't guarantee that when we get up tomorrow, there will be an American financial system.
All that kind of thing.
Fear mongering compounded upon fear mongering is what is going on here.
And I'll tell you what it means.
It means panic has set in on the Democrat side.
They call, and it's at one of these press conferences in the middle of a room with all kinds of Democrats standing.
Like Patty Murray was there.
They're all standing behind dingy Harry as he speaks.
Little Timmy slithers up to the microphone.
then Schumer angles his way in there and this is scare everybody to death time and I just want to remind you if Obama had some sort of a plan an idea that everybody in his country loved he would be presenting it 24-7.
If Obama's idea was going to be universally popular and accepted he would be out there every day identifying it defining it and telling us everything about it he could but he's not all they can do is to try to scare us and it is panic time on the Democrat side.
Now, Trump has been tweeting Boehner with excerpts from his book, The Art of the Deal.
One of the messages that Trump tweeted Boehner is this, the worst thing you can possibly do in a deal is seem desperate to make it.
That was on last Friday.
And that's exactly right.
The worst thing you can do is seem eager to make it.
desperate to make it worst thing you can do the Republicans are doing that because they think they need to show the American people that they're desperate to do the right thing.
That's why the Republicans are doing it.
But Trump thinks they're showing a weak hand Trump also said that he doesn't he he thinks the Republicans are talking tough but they're not acting tough he thinks it's El Foldo America's real anchor manica's truth detector and uh doctor of democracy.
So one did they say we're running out of time?
We're running out of time.
We don't have any time.
Geitner, we don't have any time.
We're running out of time.
Derry Reid, we're running out of time.
We're running out of time, Mr. President.
We're running out of time.
Chuck Schumer, we're running out of time.
Isn't that what we were told about TARP?
And every other bad deal that we've been stampeded into that we're running out of time.
I thought Mr. Obama was Mr. Cool, common, collected and rational.
Whatever happened to doing things in a cool, calm, collected, rational manner.
We're running out of time.
We're running out of time.
No, we're not running out of time.
Here's Susie in Philadelphia.
Great to have you on the EIB network.
Hello.
Thanks, Russ.
Um, quite a pleasure to speak with you today.
Thank you.
Pleasure of mine.
Well, um, something finally prompted me, kind of hit my button, and I I just needed to share, I guess.
Um last night I happened to listen in on a television program, my husband had on some Democrat congressman on some late-night TBS news show that doesn't even matter who.
And he mentioned about tax loopholes that are indefensible.
And I thought to myself, the first thing that came to my mind is where are those tax groupholes come from?
Isn't there a little group called the Lazen Means Committee that gives a bit of birth to us a tax law?
Yeah.
He's acting like we're the victims.
He's the victim, and some outside power was forcing these loopholes on us.
And of course, he interviewed or didn't even bother to challenge it.
What on the next question?
He also mentioned um that there are some who in the country who want us to default on the debt.
Could that be Obama?
Um He didn't name names, but that's the only name I could come up with.
Well, I actually um I don't when it comes to Obama and the uh and defaulting on the debt.
So I think Obama's probably uh tortured on that.
Because on one hand, yeah, he would like to, but number two, not a year and a half before he runs for re-election.
But it's gonna work well, we're gonna find out because it's it's ultimately going to be up to him.
The Republicans don't have to do anything here.
This is this is all a political side show.
Obama and the Democrats are not talking about anything substantive here.
That they're they're not, they don't have anything.
They've not presented any ideas.
This is not about the substance of the subject matter to them.
This is nothing but the latest political opportunity to run for re-election, get Obama re-elected, and they're running out of the playbook.
Blame Republicans, corporate jets, play the class envy card.
That's all they're doing.
That's all they know how to do.
It's kind of frustrating in a sense that uh that they get away with uh media coverage that they are very serious about the substance of all this, and they're not.
I mean, folks.
Very simple.
If they were serious about being concerned, they wouldn't have done the policies that led us here.
They don't care.
You think Obama cares about the spending.
He doesn't care.
He doesn't care.
On the other side of that, he's very supportive of it.
So does he mind if we default?
Just the fact we're asking the questions enough of a problem for me without even knowing for certain the answer.
Mitch in Fort Lauderdale, Florida.
Hello, sir.
Great to have you on the EIB network.
Hey, Rush.
Yeah, I'm listening to what you're saying about raising the debt ceiling.
And I think you're falling right into Obama's trap.
I mean, I think he's really gotta be uh I I think this is all planned out.
I mean, the that's why I like Mitch McConnell's plan, because he's thinking three, four, five moves ahead, and everyone else is just like thinking one or two moves ahead.
I mean, all he has to do next week, and I wouldn't be surprised if he does does it is send out a letter to every Social Security recipient saying that there's a there's no guarantee you're gonna get your check and that you need to call your congressman and then all he has to do is delay checks for about five or six days.
The everyone will be freaking out, the media will be reading his press releases verbatim, and the basic the the bottom line, he doesn't care.
He doesn't care if the economy um you know tanks.
He's been told by his political advisors that um this would guarantee his re-election because he will blame it on the Republicans and demonize them old people, and uh, you know, you you you gotta realize that you don't have any leverage, and you just I would do what Mitch McConnell is is suggesting.
Just give them what he wants and and run against them.
Well I I profoundly disagree with that, but it's the McConnell deal is dead anyway.
It it it's it doesn't have a prayer.
Okay, well, if Social Security checks don't go out.
If Social Security checks don't go out, then that is Obama's fault.
And I don't know why we're so afraid to try to make the case.
Yeah, we know what we're up against.
We're up against the media.
Uh I just don't like this throwing a towel business.
You know, we had it, we had a call like this last week, or maybe two weeks ago.
Let me see if I can recall it.
It was Vinnie.
Oh, yeah, it was Vinny Nebronx.
What was it about?
He said, uh, oh, it's Palin.
We got a cat, we gotta throw her away, Russia, throw her overboard.
Media's already destroyed her.
She can't win.
Okay, fine.
So we sit here and we let the media once again determine what policies we're gonna believe in, what policies we're gonna support, and what people we're gonna get behind.
Let the media determine it, right?
Sorry.
I don't go, I just I'm sorry, I don't go along with it.
And I got a very good reason.
The media didn't make me, and then and the media didn't break me.
Now, I'm maybe being selfish.
Maybe these guys on the Republican side think the media can break them.
But I don't think so.
The media didn't make them.
They're not elected because of the media.
They got elected in spite of the media.
But I don't want to get too passionate here.
Like I said yesterday, what I do and what they do are totally different things.
Getting an audience or getting votes are entirely different propositions.
And nobody understands that better than I do.
And I can imagine the frustration that McConnell and these people feel.
For 30 years, they've had to sit here and be subjected to the lies and the distortions and the outright character assassination.
That the media launches at them while building up Democrats and all this blaming them and calling them murderers for all practical purposes.
And I can understand the desire, not have that happen anymore.
I can understand him being fed up with it.
And wanting to come up with a plan that'll make it so that that doesn't happen this time.
I understand that.
But that doesn't move us forward.
Playing a game of shifting blame does not get anywhere near solving the problem.
Who says the country won't blame Obama if social security checks don't go out anyway?
Who says this?
For a lot of the country, the president is the country.
For a lot of people getting checks, Obama is the government.
I blame the Republicans for it.
I know that the game, I know this.
See, I guess one of my problems is since everybody knows what they're trying to do, and that we can't stop.
They're not a tsunami, they're not a force of nature.
They're just like Hillary.
They put their pants on one leg at a time.
Nothing superhuman about any of these people.
You're describing El Foldo.
That's Trump appropriating a term affectionately nearby to El Rushbo, although it doesn't mean the same.
But remember to a lot of Americans, it's Obama's stash.
To a lot of people, it's Obama's stash.
To a lot of people, Obama is the country.
The president.
The president is the government.
Make hay out of that.
Let me have sound by 25.
This is Geitner from this recent press conference that I was just describing to you.
By the way, I want to here's here's the uh McConnell plan, folks, and for our last caller who wanted to do it.
The McConnell plan is you give Obama two and a half trillion dollars.
You chase off the Tea Party activists, get them so ticked off they leave and they stop bothering you.
Let Obama change the relationship between the executive and Congress by giving him spending authority, and then you declare victory.
Because in that, no way we can get blamed.
And that's the objective.
We don't gonna get blamed, and so that's how we do it.
Let Obama basically have what he wants.
Now the reality is it is Obama who is panicking, and there's more evidence.
Gallup poll.
We had had uh some uh news from it yesterday.
Here's more.
Republican candidate, whoever, the generic Republican extends his lead versus Obama 47 to 39 right now if the election were held today.
Unnamed Republican, anybody beats Obama 4739 Gallup poll if the election were held today.
They are panicking.
Here's Geithner this afternoon, about 20 minutes ago.
We're a country that pay our bills, and that we will act and do what's necessary to make sure that we can maintain that commitment.
We're running out of time.
And the eyes of the country are on us, and the eyes of the world are on us.
Right and we need to make sure we stand together and send a definitive signal.
Right.
We're gonna take the steps necessary to avoid default and also take advantage of this opportunity to make some progress in dealing with our long-term fiscal problems.
We don't have much time.
Yeah, we didn't have much time during TARP, we didn't have much time during the stimulus.
We don't have much time, period, folks.
Armageddon, Obamageddon, is it's just it's it's next week.
It's right around the corner.
We're dead.
You're dead, your kids dead, grandkids dead.
No hope.
It's all over.
It's that simple.
Unless you give Obama what he wants.
And then hooky dory.
That sound bite from Geithner was what all the hubbub was about.
That's what they stopped everything and called a press conference for.
That we're running out of time.
Charles in Philadelphia, hi.
Welcome to the EIB network.
Hey.
Hey, Don Rush.
Good talking to you.
Hey, uh, Rush, let me give you uh the liberal rundown here.
The liberal liberal statistics of me before I give you Mike right.
Number one, I'm a 62-year-old uh white male.
I'm a Vietnam combat uh vet and I'm a disabled veteran.
Uh to President Obama and Pelosi and Reed.
Don't send my check.
I don't care.
This is about my children's future.
President Obama, what are the cuts you are proposing?
Are you taking away illegal immigrant money or what?
You know what I mean, Rush?
And I am not a Tea Party member.
Yeah, I am just a mad American about the spending of my children's future.
That's great.
Don't need perfectly children's future.
I know.
I understand perfectly.
You've got a great point, actually.
Okay, who else is getting paid if we're the if you're not gonna send the veterans their checks, and if you're not gonna send the seasoned citizens their checks, who is?
Because you're not gonna shut them all down.
That's an excellent point.
And you also are not gonna be blaming the Republicans.
That's another Thing that I hear you saying.
And there are probably millions more just like you out there.
So who is sabotaging the economy right now?
Who is saying things that will hurt our credit rating in the world?
Who's saying it?
Reed?
Geitner?
Obama?
The Democrats?
Schumer?
Saboteurs all.
Again a reminder, Mark Belling will be here tomorrow.
On Monday and Tuesday, Mark Stein.
I'll be back on Wednesday.
I'm hitting the golf course.
It's annual member guest tournament that I play in every year at this time.
Our August golf trip's coming up, of course, in August.
Just preparing you for that.
We'll see you on uh Wednesday.
▲
Export Selection