Welcome to today's edition of The Rush 24-7 Podcast.
I really I'm sitting here, my mouth is a gape.
Everybody all met out of shape over this report that Obamacare is going to add $340 billion of the deficit, as though that's somehow some big news.
Has everybody forgotten it was just a couple of months ago that it was documented by the Congressional Budget Office that the whole thing is going to cost twice as much as it was projected.
The original cost of Obamacare was under a trillion dollars, and the magic number was a trillion because that was the cost of the Iraq war, and Obama had to say that he hated the Iraq war.
It was a waste of a trillion dollars.
We want to put that money to better use with health care.
They had to score that stupid bill, that stupid health care bill, so it came in under a trillion dollars.
And the way they did, by the way, hi folks, Rush Limbaugh here at 800-282-2882.
The way they did that over a 10-year period was to start the tax cut or tax increases immediately, but they delayed any of the so-called spending or health care benefits until the bulk of them till 2014.
So we had 10 years of tax increases, only six years of so-called health care benefits, and that's how they kept the number under a trillion dollars.
The CBO looked at it and said, by the way, when this thing gets fully implemented and we're going to count both the tax increases and the spending over 10 years, guess what?
The cost goes up to nearly two trillion.
And today there's a story, it's a Republican report from Medicaid actuary or Medicare, whatever, uh that it's going to add $340 billion of debt.
That 300, that's like adding a quarter.
$340 billion is not even well, it is.
Anyway, the White House is acting, act like stuck pigs over this news, and they're trying to deny it.
And they're saying it was partisan.
But it's chump change compared to what this thing is actually going to cost.
And don't forget the news recently 4,000 IRS agents are being hired.
And $500 million is being diverted to hire them and to put them into gear.
And you need to be asking yourself in a health care bill where it's all about you getting treated for the mumps or whatever you why in the world is the IRS involved.
Every citizen needs to ask themselves that question.
What is the point of the IRS?
They are a tax collection agency.
What do they have to do with health care?
$340 billion added to the deficit over 10 years?
That's gonna happen every year.
We go back and we look at every entitlement program that the Democrat Party's put forward from you name it, uh the Great Society, all the way that AFDC, we had uh Medicare, Medicaid, Social Security.
Every damn one of those programs has come in so far over what the original cost projection was that it's laughable.
And 340 billion, I mean, good work by this Republican guy.
What's his name?
Um Charles Labooth, or something I'm doing at the top of my head here.
I can't, I don't have it right.
Yeah, Blakehouse.
Charles Blayhouse, who serves a public trustee, overseeing Medicare and Social Security finances, suggested that federal accounting practices have obscured the true fiscal impact of the health care bill, the fate of which is now in the hands of the Supreme Court.
Leading conservative economist estimates in a study to be released today that the overhaul will add at least $340 billion to the deficit, not reduce it.
I am stunned that anybody thinks that's news.
I honestly intellectually stunned that anybody.
I am also stunned that anybody thinks that any of Obama's new policies will fix any of Obama's failed policies.
Well, if look it I'm I'm the only one who made a big deal out of the trillion dollar CBO scoring.
I'm the only one.
I'm the only one who made a big deal over the fact it was gonna cost two trillion in ten years.
I'm the only one.
Well, that means that means at least 20 million Americans know.
Because they listen, we and we didn't just lightly touch that.
We didn't just barely gloss over it.
Made a big deal out of it.
Folks, you are so har far ahead of the game listening to this program.
You are so far ahead of the of the learning curve.
But it's laughable, and everybody's all exercise.
I mean, even people on our side are acting shocked and stunned and like they've stumbled across some big new news story that they can really use to effectively kill Obamacare.
Now, here's why.
Grab audio soundbite number one.
This is Obama.
This is uh September 9th, 2009.
Joint session of Congress about health care reform, and this is what the President said.
Finally, let me discuss an issue that is a great concern to me, the members of this chamber, and to the public.
That's how we pay for this plan.
And here's what you need to know.
First, I will not sign a plan that adds one dime to our deficits.
Either now or in the future.
Second, we've estimated that most of this plan can be paid for by finding savings within the existing health care system.
All right.
So again, you have to say, why did anybody believe him?
This is a liberal Democrat talking about a new entitlement, not one of which has ever saved money.
Not one entitlement in history of this country has ever come in below cost projections.
It's always ballooned way beyond them.
So today, look, I'm happy don't no misunderstand.
I'm happy for the news that it's finally out there.
I'm I literally I must have had 15 people send me this today as though, hey, look at this.
Why, this is the biggest, this is the most important.
And you and I have either known or suspected this since before Barack Obama even was elected.
We know what happens with liberals and the implementation of new entitlements.
In fact, I want to take you back to September 10th of 2009, the day after Obama made that joint session speech.
I want you to hear my reaction to it.
If you were listening, then you'll remember this.
The office of the President of the United States was demeaned last night.
President Barack Obama gave a uh grossly inappropriate and to me embarrassing speech, a campaign speech disguised as a big speech to a joint session of Congress.
It was grossly inappropriate in content.
There were lies, falsehoods, distortions.
It was embarrassing in tone.
He called his critics liars when his own positions have been proven to be untrue.
That speech last night was a fraud.
It was dishonest.
It demeaned the office of the presidency.
And there hasn't been anything changed since then.
Now this CBO report that projected that health care would cost twice as much after it said that the cost of Obamacare will double.
They said that it wouldn't significantly add to the deficit.
Now, I don't know who they thought was going to read that and believe it.
I don't know how.
You can double the cost of an entitlement and then say the deficit is not affected.
surreal all of this is.
Anyway, folks, you and I, we are so far ahead of the curve here.
We knew years ago that this thing was going to bust the deficit and the national debt wide open, and there are people who think they're smarter than you are, who are just learning this today, who think it's the biggest news to come down the pike since Obama was inaugurated.
Now, Obama's out there making fun of this Republican's math.
The White House position on this is that the claim is false.
This new math fits the old pattern of mischaracterizations about the Affordable Care Act when official estimates show the health care law reduces the deficit.
So the regime is sticking with this lie that their health care plan reduces the deficit.
Now, this is the bunch, folks, that can make the unemployment rate go.
go down without reducing unemployment.
This is the bunch that can make the unemployment rate go down while we continue to lose jobs.
More jobs are lost, more jobs are stricken from existence, and the unemployment rate goes down with this bunch.
So why can't they double the cost of an entitlement and say it isn't going to add to the deficit?
Because they will say whatever they want, they will make it up, they will lie, they know that their sycophans in the media are going to report it.
And that's why something like $340 billion added to the deficit because Obamacare has reacted to with breathless excitement.
Of course, the regime, again, is denying this.
CBO estimates, Medicare, Medicaid, both have ended up costing more than 10 times what the CBO projected in 1965.
Medicare and Medicaid have cost ten times what citizens of this country were told in 1965.
Paul Ryan has been saying this about Obamacare for months.
He has been trying to warn people.
Every time he submitted a budget when he's gone out and talked about his budget, he has said there's a huge deficit involved here with Obamacare, and he's been laughed at and mocked and uh and and made fun of it or made fun of because of it all along.
But this study from this Republican actually just says what what we have known all along and what we've been saying all along, and even the AP, in their story on this, admits that all the supposed savings in Obamacare come from double counting Medicare cuts.
They double count Medicare, $500 billion times two.
They double count it.
The first thing they do is they cut it and then they put it back in.
And they count it both times when they do this.
Under federal accounting rules, the Medicare cuts are credited as savings to the program's trust fund, but then the CBO and Medicare's own economic estimators already said the government can't spend the same money twice.
You can't cut it and then spend it, and that's what the plan does, and that's how the CBO scored it in order to keep it under a trillion dollars.
I could go back to the archives of this program.
I could look it up all the times that I have said Obamacare would increase the deficit.
I'll bet you I've mentioned it a hundred times in this program since they first trotted out this claim that A, it was going to reduce premiums $2,500 on average, that it was going to reduce the deficit.
Just one example taken from random January 5th, 2001, Democrats push health care deficit lie.
We talked about it on this program.
It's the archives at Rushlinbaugh.com.
Democrats push health care deficit lie.
This is this is um it's part and parcel of the way they operate.
They have to lie about every aspect of every entitlement they create.
They lie about the benefits, they lie about the uh the sweeping success, they lie about the cost, they lie about all of it.
They have to.
Couldn't get elected if they told you the truth.
The thing you need to remember, because you have common sense and you know full well that this thing is gonna cost two trillion dollars.
You know full well it's got death panels, you know full well that if the court decides the wrong way that we're gonna be required to buy this coverage or pay a fine, you know that's gonna, and then you know at the IRS is gonna be examining everybody's tax return to determine who is complying.
So you need to continually ask yourself, and you need to continually ask your friends to explain to you, you know, act like you don't know.
What does the IRS have to do with the health care?
Why is the Obama administration hiring 4,000 new or diverting, whatever.
I think it's hiring 4,000 new agents for the implementation of their health care bill.
What in the world does the IRS, a tax collection agency, have to do with curing diabetes?
What does the IRS have to do with treating cancer?
What does the IRS have to do with making sure that if you're an automobile accident, you get the best coverage in the emergency room.
Now here's the bottom line in terms of legality.
Budget rules, congressional rules.
If Obamacare does not reduce the deficit, and instead adds to the deficit, then it should never have been passed via budget reconciliation.
Budget reconciliation requires that the deficit not be increased when you use that procedure to pass legislation.
Got to take a break.
Sit tight, folks.
They barely scratch the surface.
Who's in trouble over the Trayvon Martin case?
Ozzie Gijsian, or Gigan, the manager of the Florida Marlins, suspended for five games for praising Fidel Castro.
The American left doesn't understand how one can be penalized for that.
Well, Snerdley's, look it, I've I too.
I think we're getting so far out of hand with what people say here and what we how we react and what we what how we want to punish.
I think we're it's it's long gone now.
We are, no matter where you turn, speech police exist.
They're in the media, they're in the corner grocery store, they're in the bar.
The speech police are everywhere.
The speech police want to punish people more for the words they say than for the acts they commit.
Which may in fact be criminal in some cases.
But if you're gonna praise Castro, the last thing you do is do it in Miami.
When you manage the Florida Marlins, you got a brand new ballpark and you need bodies in there.
You need fans.
The last thing you do is go praising Castro.
The closest Ozzy got was being truthful, is when he said, Look, it what I really admire about the guy is that everybody's trying to get rid of him for 50 years and he's still there.
That's what he and you do have to admire that in a way, but Geon, in his own, I mean, he's been lopped, he's been fired a bunch of times, and anybody who has been fired admires anybody can hang in there for 60 years and outlive the people that want to get rid of them.
It's totally understandable.
You turn on the radio today, turn on a television.
How many times in a day do you hear somebody say who is an analyst or a guest on a show being asked a question?
How many times do you hear them say, I can't believe so-and-so said that?
I was I was driving into work, I guess it was yesterday, and I had a sports show on.
And some guests is, I can't hear, so I don't know who the guest was, couldn't understand the name, could barely understand what the guy was saying.
But the question was, so what do you think of what Ozzie Giesan said?
And the guy's I can't believe it.
And I said, Who is this guy?
Why does it matter what this guy thinks about what Ozzie Gishan said?
Or Guian.
Speech police are everywhere.
You know, Fidel Castro speaking to Castle, he would be pleased with the speech police in this country.
Fidel's got to be looking what's happening here and say, you know what?
It's not all bad up there.
My buddy Ozzy has to take the hit here, but speech police, why they're doing a great job in the United States.
I got another I told you so back in uh August of 2010, August 20th, from this program.
Another I told you so.
To get Obama, this is me.
It's what I said I'm gonna read from the transcript, to get Obama through the reconciliation.
You remember all this?
To get Obama through the reconciliation, Obamacare through the reconciliation process without a sunset provision.
See, you it reconciliation, this is the Bush tax cuts.
They have to sunset in 10 years.
Whatever passes through budget reconciliation ends in ten years.
And budget reconciliation is a special provision in the Senate that allows legislation to be passed with a vote of 51 majority, not 60.
And budget reconciliation is the only exception to the 60 vote rule, unless they create a new rule, exempt something else from it.
But Right now it's budget reconciliation.
So to get Obamacare through the reconciliation process without a sunset provision, the Congressional Budget Office claimed that it would reduce the deficit by 118 billion dollars.
I remember they remember massaging and manipulating this to say it was never going to cost more than a trillion dollars because health care is going to cost less than the Iraq War.
It was all lies.
Joe Wilson shouted that from the House chamber during a State of the Union message.
You lie.
Look what happened to him.
So now we have it's unconscionable, folks.
The entire regime has been a lie.
It's an ongoing lie.
That's what I said back on August 20th, nearly two years ago of 2010 about the CBO and the Democrats in Obama claiming that Obamacare was going to reduce the deficit by 118 billion dollars.
It never had a prayer of reducing the deficit, and common sense is all you need to know that.
Having more fun than a human being should be allowed to have Rush Limbaugh...
We got a full and loaded three hours today, folks.
I just want to, it's gonna take that long to get everything in here.
Now, he's got an email note from a friend.
Hey Rush, why are the markets plunging?
Volume is at a four-year low.
So looked up there.
The Dow Jones industrial average is down 149.
That's nobody we're still at 12,700, but volume trading is down.
The amount of activity going on in the stock market is at a four-year low.
I don't know.
I guess they read that Obamacare is going to add to the deficit.
Maybe these people up there just figured that out for the first time today.
Folks, today's report did remind me of one thing about Obamacare, and I had almost forgotten.
Not only does Obamacare create a new tax on the uninsured and employers who don't provide insurance, that's the fine.
Or the requirement to buy it.
The requirement to buy health insurance or pay a fine if you don't.
Now the regime has gone back and forth on whether or not they're going to call that a tax.
When they call it a tax, is that the Supreme Court was, hey, this is not a mandate.
This is not violation.
We have the power to levy taxes.
But it also puts a new tax on people who have insurance already.
People who have what Obama calls high-end insurance.
Even they have to pay a tax under Obamacare.
Everybody gets soaked here, and that's why there are 4,000 new IRS agents to secure compliance with a piece of legislation that everybody thinks is about making them well when they get sick.
And I think the question should be asked frequently, what?
What do 4,000 IRS agents, what do they have to do with making sick people well?
Why are they even needed?
And the regime, by the way, was just this week, or maybe it was Friday, I forget which, but they just confirmed that the 4,000 agents are being hired or diverted from existing planning hired.
Yeah, they're being hired, and $500 million is being diverted from somewhere to uh to hire them.
Now let me tell you what's going on.
I I mentioned this in the uh third hour of the program, but I want I want to mention it again, just as an overall explanation of Obama and Obamaism.
For the past couple of years, max, maybe past year and a half, Obama, and he started this at a speech in Osawatomi, Kansas, on an anniversary of a speech given in the same place by Winston Churchill.
And he went out in that speech and basically said that the nation as founded had never worked.
That this you're on your own economy has never worked.
And by that he means capitalism.
By that he means rugged individualism, self reliance That's never worked.
Obama's point, ladies and gentlemen, is that the founding of the country was unjust and immoral economically.
That it was set up by the equivalent in those days of today's one percent, a bunch of really exclusive, elite, wealthy old white guys.
And they set up this country so as to ensure their own wealth and prosperity, while denying opportunities to others.
And the way they did it was with this social Darwinism, this you're on your own.
They knew that the vast majority of people couldn't take care of themselves.
They knew this is Obama thinking now.
This is he's never said this, but I'm telling you, this is what his foundation for his current campaign strategy.
The uh at the root of his speeches.
So it's never worked by design, because the founders are smart enough to know that the vast majority of people are not capable of fending for themselves, and they purposely set up a system where those people would suffer, and that's what happened.
That's what Obama's trying to say.
It's never worked.
This country has never worked.
Capitalism, this you're on your own business never worked, and it's all coming to a head now.
It's finally showing itself as the real failure it is now.
And he's on the scene.
And he's inherited all of this, not just from Bush, but he's inherited his mess from Reagan, and he inherited this mess from every other president that carried on with this notion of you're on your own economics is fine and dandy.
And it's going to take a long time to fix it.
Because the problem has been the government hasn't been big enough and hasn't been compassionate enough.
And so his policies now, and they're very young.
I mean, the nation's over 200 years old.
Obama's policies are barely three years old.
Some cases not even that old.
It's going to take a while.
It's going to take a while to fix 200 years of abject mistakes.
And his policies are designed to do that.
His policies are going to finally provide the economic happiness, prosperity, whatever, for all Americans who have had it denied them by virtue of the founding of this country.
The unfairness and the discrimination that existed for 200 plus years is now over, and Obama's in charge, and he's going to see to it that those people who rigged the system for themselves and their families 200 plus years ago now get taken care of.
This is what is happening here.
This is this is the long view.
This is the view that this country is immorally founded, unjustly founded, that we've only become wealthy because we've stolen from every other nation around the world and all the other peoples.
It's time we found out what it's like.
It's also time for reparations, and not just in the racial sense.
It's reparations for everybody who got screwed by virtue of the way the country was founded.
And that's what Obama policies are all about.
But you must understand that it's going to take a long time, folks, to fix 200 plus years of embedded mistakes.
His predecessors created this big mess, and finally he's here, and he just so happens to need four more years.
And by the way, after this election, like he told the Russians, after this election, all bets are off, because he's going to have much more flexibility.
Where do you see social Darwinism around the world?
Where do you see it?
That's exactly right, Mr. Snerdley.
Snerdley on the ball today.
Yesterday, Snerdley was kind of halfway here, but today, on the ball, you see social Darwinism in communist socialist countries.
That's where you see dog eat dog societies.
In fact, it's only in communist countries where they actually eat dog.
And it's dog eat dogs.
That's where the social Darwinism actually exists.
There is no utopia.
There is no panacea.
It's not possible.
Anyway, that's what is going on here.
That's how to understand every speech Obama gives.
That's how to understand every economic policy proposal he makes.
If you understand what I just told you, you'll understand what he's doing.
And you also ought to be scared to your wit's end about it.
Because we really do have, as president of the United States, a man who believes this country was founded in a way that was manifestly unfair and unjust and immoral.
And it's his job to fix it.
And he's doing so with relish, by the way.
Oh, he and his buddies love this.
They love this opportunity.
You know, I um oftentimes struggle here, as I mentioned last week.
We try to be as persuasive as we can on this program.
I yesterday I had a bunch of people send me charts.
You need to tell them this.
That chart is worthless on a radio program.
It's literally worthless.
Might be brilliant to look at the chart.
Chart might be, when you look at it, so persuasive that everybody would get it, but it's worthless on the radio.
So is a video showing a video, particularly if you need the pictures on radio's worthless.
There have to be other ways, which is what I, as a highly trained broadcast specialist, have specialized in these ways of persuasion.
And you look at the um this talk about the unemployment rate.
8.2%.
Huh, coming down.
It was over now.
Why must be going in the right direction?
Okay, the challenge here.
How do I explain to people that that number is meaningless?
How do I illustrate the reality about unemployment?
Well, you can use real numbers.
For example, and I had this yesterday, I didn't get to it, but something I think Romney should use, by the way, or Sandorm anybody, some somebody on the Republican side.
So you know, the rhinos need to be swept aside here and let somebody really want to roll up their sleeves and take this stuff head on and do it.
The number of working age Americans out of the workforce.
We had the way it did have the number yet, 88 million.
Eighty-eight million.
The population of the country is 300 some odd million, so the 88 million still by itself is not all that illustrative.
But there's a way to make it so.
88 million working age Americans out of work is larger than the total population of Germany.
82 million people.
Now that has a little bit more impact.
When you tell people that 88 million Americans of working age are out of work.
When you say that more working age Americans are out of work than live in Germany.
Well, that has a bit of a different uh impact.
Jim Garratty at National Review Online today, the Buffett rule.
Obama's out with the Buffett rule.
And this are changing their tune on the Buffett Rule.
You know, the Buffett rule is to make sure that every millionaire pays at least a 30% tax rate.
And everybody's run the numbers on this.
And they have found out that the Buffett rule would raise an additional $5.1 billion.
Okay, $5.1 billion.
So the regime realized that number, that's not all that big.
So the regime is saying it's not about raising revenue.
No, no, no.
The Buffett rule, we're not about closing the deficit.
That's not the point of Buffett rule.
No, fairness.
The regime is acknowledging the Buffett rule will not reduce the deficit or the debt.
They are now stressing that this is fair.
It is more fair.
In French, right here in the politico, the Obama administration emphasizing fairness over deficit reduction in its renewed pitch for the Buffett rule ahead of next week's scheduled Senate vote.
Introducing a minimum 30% income tax on millionaires was never our plan to bring the deficit down, get the debt under control, said Jason Furman, the principal deputy director of the White House National Economic Council.
No, no, and he had a conference call with reporters on Monday.
No, no, no, no.
The Buffett rule was never about bringing a deficit down.
This is not the President's entire tax plan.
We're not trying to say this solves all of our economic problems, our budget problems.
This is simple fairness.
All right.
Let's put this in perspective.
The Buffett rule, a minimum 30% tax rate on millionaires, $5.1 billion.
If every federal agency cut its budget by just one percent, we'd get $33.6 billion.
Now, what makes more sense?
A 30% tax rate on millionaires, class warfare, class envy, to generate $5.1 billion, call it fair, or to simply cut 1%, which is getting rid of some paper clips.
One percent cut in the budget of every federal agency would save 33.5 billion dollars.
Almost seven times what the Buffett rule would generate and say gotta take a break.
A quick timeout here on the EIB network.
Sit tight, my friends, because we are coming right back.
Meeting and surpassing all audience expectations on a daily basis.com has an editorial on the uh army of IRS enforcers.
After foisting its 2700-page health law on the public, the White House now plans to enforce its mandate by sicking the IRS on unwilling citizens.
All that stands in the way is the consent of the government.
Back in 2009, when Obamacare was being debated in Congress, John Boehner warned that the takeover of the health care system could only lead to armies of enforcers from the IRS, forcing Americans to buy insurance of the government's choosing.
Boehner recognized that this so-called reform would inevitably trigger major public resistance.
Boehner was laughed at and mocked as an alarmist by Obama's Democrat allies, but in reality he was right, and nobody knew it better than the Obama administration itself.
That's why the Obamacare Bill sneakily left out the detail that it intended to hire five hundred internal revenue service agents to enforce the unpopular mandate.
Three hundred other IRS operatives would be added to push free benefits to the indigent to ensure the complete dependence on the government.
I've been I've mistakenly been using a number 4,000.
That's a financial figure related to this.
It's 500 agents.
I know the number 4,000 is in there somewhere.
But whatever.
We'll stick 500 plus an additional 300 IRS operatives to run out and ostensibly alert the poor to, hey, there are free benefits here for you.
And there's this brilliant observation in the uh in the investors.com piece.
When vast numbers of people refuse to obey a law, there's a problem with the law.
And by the way, how can you even say that something 2,700 pages is a law?
It's impossible for the average American to know how to comply with this law and not be in breach of it.
So there you go.
Regardless, IRS agents, what do they have to do with making the sick get better?
What in the world could IRS agents have to do with that?
What role is the IRS going to play in curing illness and disease?
What role?
It is 4,000 agents.
This investors business daily has a typo in it.
I've looked at a bunch of different sources, and by all accounts, the best estimate is the IRS is going to hire at least 4,000 more agents.
Washington Examiner had it.
IRS 64,000 agents, 303 million for Obamacare.
What does the IRS know about Obamacare that we don't?
We'll be back after a brief obscene profit timeout here at the top.