Fiscal cliff consequences
Radio talk show host Neal Boortz weighs in
- Duration 10:31
- Date Nov 26, 2012
Radio talk show host Neal Boortz weighs in
Also in this playlist...
This transcript is automatically generated
I -- the so called fiscal cliff now very much inside it appears the Democrats they smell blood in the water as you know.
It -- not reach by January the first a series of defense budget cuts we'll take cold and massive tax hikes will hit each and every American.
But -- recent days rather the work towards reaching a resolution behind closed doors.
We've seen Democrats from the president on down using this so called crisis to -- their left wing agenda down your throat now they want bigger taxes bigger government.
For example take a look.
Dangers of going over the fiscal cliff.
And and what that means for our economy.
In congress that we can't even agree on your middle class families -- tax cut them.
Middle class families are all gonna end up having a big -- -- And that's going to be a pretty rude shock.
For them and I suspect we'll have.
A big impact on.
The holiday shopping season which in turn will have an impact on business planning and hiring and we can go back into a recession.
Are Republicans hate big bird and Santa Claus and don't buy this -- now liberal men as such as letting the bush tax cuts expire.
Are not the answer to tackling this deficit in fact 22012 fiscal year the federal government cost nine point seven billion dollars to run each and every day.
But the additional revenue from letting the bush tax cuts expire.
Well that only amounts to around 82 billion dollars a year.
That's means the government would be funded for a whopping eight and a half days if in fact the president wins this fight now.
Sadly the real reason we reach this point is because our elected representatives simply have no idea how to stop spending your money.
And as a result the doors -- -- wide open for Democrats to use this.
As an opportunity to scare you into thinking more government well that's got to be the answer.
Now we've heard all of this before -- during both the Obama care and the stimulus debates fear mongering was this president's go to strategy into getting his way.
Now this is what he predicted would happen and less his so called recovery plan was passed.
The situation we face could not be more serious -- -- tell you that we've inherited an economic crisis as deep and as dire as any since the Great Depression.
And economists across the spectrum have warned if we don't act immediately.
The millions more jobs will disappear.
The national unemployment rates will approach double digits.
More people lose their homes and their health care.
And our nation will sink into a crisis that at some point is going to be that much tougher to reverse.
A lot of good that did aren't so what's stopping Obama from imposing his will like you yet again how that's -- Republicans command.
And unfortunately over the weekend a handful of GOP lawmakers indicated.
That they be open to putting revenue on the table but as you know revenue that happens to be the democratic code word for tax increases.
That is simply not an acceptable position for any true conservative Republicans were not elected to rubber stamp Obama's agenda.
They were elected to stand up for specific principles that being limited government lower taxes.
These are not catch phrases designed to help phony Republicans win an election.
These are core values have -- -- politicians to Washington.
They want these things protected.
No Republican that's walking the halls of the house of the senate was sent there to cave.
They were elected to advocate for fiscal austerity balancing the budget.
Making the case why our debt and deficit are simply immoral and unsustainable.
And that's why we admire for example people like our founders and our framers that's -- -- -- such high regard.
Now we conservatives we love our country with passionate commitment.
And like Reagan and Thatcher before us.
We love our country too much to allow her to follow the path towards decline.
Social disintegration and of course bankruptcy bankruptcy which would lead -- relevance.
Now even when the public makes bad choices as they did for example in the 1970s.
When they elected Jimmy Carter or as the British did in the 1930s when Neville Chamberlain served as prime minister.
-- we're gonna continue to make our case with all the strength all the passion all the intelligence that we can Muster is conservatives.
Great leaders they're always asked to do a typical job and they don't compromise they don't -- from what they believe it.
In order to accomplish important goals so it's time.
Cut government spending and do that first and here with more on all of this is nationally syndicated radio talk show host.
Neal Boortz is back on us -- welcome back to Hannity.
But you are you don't pay you how you Dylan.
How many days -- -- retirement boards.
22 more shows 22 -- you are a libertarian I'm -- registered conservative I'm watching this debate unfold.
I don't hear anybody.
For limited government nobody.
Where are those people in Washington.
I don't know Sean where -- -- I wish we could find some we certainly didn't have that dot FEMA.
During the campaign I just heard that clip of Obama you played talking about damage to our economy from the so called fiscal cliff.
We really can't hurt the economy any more right now than we did on on November the sixth look this fiscal cliff they're talking about.
Simply isn't high enough for a fatal plunge when we get to the cliff that we could dialogue.
Then they'll start talking about less government and cutting spending.
How much further can you got -- I mean sixteen trillion headed to twenty -- trillion had a 125 trillion.
-- -- -- Black Friday this was on Drudge he just put -- -- late tonight.
However much it is.
Per person in this country to -- and some on -- they borrowed just on one day.
Every child born today -- and 25000 dollars in debt seems to me that there is a moral case to be made.
That's stealing from your kids and grandkids.
Is one that would resonate living within your means as one that would resonate.
I don't hear anybody else passing it Republicans talk about -- baby.
We live in a culture now where there's greedy to want to keep the money you -- and putter does not greedy went to want to take away.
The money that somebody else earns everything is turned upside down there are talking about tax increases.
To save our economy.
That's like telling the heart patient to eat more fatty foods it just doesn't work -- you cited an interesting statistic a while ago.
About how long we could fund that the government with these tax increases do you know if you took the combined wealth.
Of every person making over a million dollars a year.
Plus the profits from all of the fortune 400 companies.
Are you still couldn't fund our government for one year you can get may be to July or August.
The problem is they're spending.
And spending equals power in Washington DC and these people are not going to give up power.
Until they have two and a point at which they have till there's -- or when our economy completely starts to collapse that when you see.
This stock market just bail out when you see investors bailout were not there yet they're not scared yet.
A -- you wrote a book.
That oddly and you buy your own words -- -- admission because -- we've been friends a long time.
Called the fair tax fair tax -- -- to be huge number one New York Times -- seller.
And then I follow up book same -- big best seller.
Interest rate I support for example the Mac -- plan.
You cut one cent one any.
Out of every dollar that Washington will spend.
You do that every year for six years -- GDP spending add add add 1819%.
Historically it has -- and you balance the budget.
That seems like something you could sell to the American people but I don't you can -- it.
Cut Sean you can sell it to people who are.
Educated and informed about our economy but we have a government educated electorate out there.
That cannot tell you the difference between a profit and a profit margin.
A government educated electorate that buys this nonsense from Obama.
That the rich aren't paying their fair share.
The voters we have right now in this country Sean.
The type of voters that the people who created our government education system a hundred years ago.
They don't know what's going on and they simply react to this rhetoric they get from their politicians and they.
-- -- weak condition the American people to be dependent on government.
And now power now what is the end resign as you leave the talk industry in 22 shows where do you -- What's the state of the country as you look at in the Boortz -- A ball.
We are in decline.
And we are going to continue to decline until we do reach a cliff.
That if we went over it would be a fatal plunge so.
I'm I love this country Sean I had two parents who served in the military now buried in the national cemetery my brother was in the navy.
This is a wonderful country but you.
Can't keep whistling past the graveyard.
We are in decline we are in the decline that Barack Obama -- -- Because he thinks this country has been an evil colonial power enough pressure.
For all these years.
And we're just going to have to get much more desperate straits before the people say.
-- a minute maybe I haven't been paying enough attention here.
I had Neal Boortz we will love BC you do not retiring fully because we will call on you often -- to -- -- absolutely -- great Christmas into body at.