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Deficit

14 November 2013

If You Think $680 Billion Budget Deficit Is Big, Just Wait For Obamacare To Be Added

Mandeville, LA – Exclusive Transcript – This is just getting started, just the tip of the proverbial iceberg. Where’s the money going to come from? Is this new woman, Janet Yellen, is she going to get in the Federal Reserve and crank out another $80 billion a month to pay for this? We have to keep the stock market going. You gotta feed the monkey, you know, man. Is she going to crank out $80 billion a month to subsidize all those that are going to sign up for the Affordable Care Act? Check out today’s transcript for the rest…
24 October 2013

The Federal Leviathan Needs To Be Downsized Before This Last Train To Brokesville Derails

Mandeville, LA – Exclusive Transcript – Just to put this in perspective, this would mean that our mighty, gargantuan federal leviathan would have to exist on a paltry $1.2 trillion. In other words, it would have to exist on the expenditures of the last year of the Reagan administration, in 1989. Chew on that for a moment. Think about that. Then come back to me and tell me exactly how, practically speaking, this can possibly financially or numerically or mathematically work itself out. Check out today’s transcript for the rest…
23 October 2013

So Conservative Hysteria Is Good But Liberal Hysteria Is Bad?

Mandeville, LA – Exclusive Transcript – I think part of the conservative exercise ought to be contemplation. Think about this. We derided and stood steadfastly against, mocked and impugned, and called every name in the book that we could to those “liberals” who promoted the hysterical idea that I talked about yesterday on the show and talked about three years ago on the show, that we had to have this thing called Obamacare. Check out today’s transcript for the rest…
22 October 2013

Caller David Says The End Is Near And The Bottom Will Fall Out Of America

Mandeville, LA – Exclusive Transcript – Folks, if you’re wondering what he’s talking about, here’s what happens. The borrowing authority is granted by lifting the so-called debt ceiling. Where does the money come from? Do you just print it off? That’s one way that you could do it. What generally happens is the Treasury Department tells all their buddies on Wall Street: We’re going to issue $110 billion in Treasury notes. Check out today’s transcript for the rest…
17 October 2013

The U.S. Has Been Defaulting On Its Debt For Years And That’s Not Changing Anytime Soon

Mandeville, LA – Exclusive Transcript – If we go back to October the 11th, interview given by James Grant of Grant’s Interest Rate Observer, you would have found this posted at the Washington Compost under the headline “Has The United States Ever Defaulted?” Grant’s answer is: Yes, and it’s going to default again; it’s inevitable. Check out today’s transcript for the rest…
15 October 2013

A Dysfunctional Citizenry Concerned About Their Dysfunctional Government

Mandeville, LA – Exclusive Transcript – We’re going to step into the King Dude’s wayback machine and go back two days ago to the Gallup organization’s website. If you were perusing that particular poll on who it is that is to blame for the temporary interruption in non-essential wealth transfer payments, you may have stumbled upon this oxymoron: “Dysfunctional Government Surpasses Economy as Top U.S. Problem.” I couldn’t stop laughing just at the headline. Check out today’s transcript for the rest…
08 October 2013

David Stockman’s “Sundown In America”

Mandeville, LA – Exclusive Transcript – Back to David Stockman, there are a couple more stats from the “Sundown in America” essay that he wrote. You can find it in today’s Pile of Prep. If you’re not already convinced, after I read you the rollover of the debt from the first hour, Stockman isn’t finished with his rundown. I’m skipping here. This thing is 18 pages long if printed. I’m only going to get to about a page and a half during the entire three hours. Check out today’s transcript for the rest…
04 October 2013

It’s Up To Congress Whether The U.S. Defaults

Mandeville, LA – Exclusive Transcript – Can I just be one of the few sane voices out here? The country is not going to default. It can’t default. It is not going to not make its interest payments. Besides, many of the interest payments are due to what entity? All this money, all the debt you’re hearing about that has to be repaid and whatnot, all of this is not going to China. Check out today’s transcript for the rest…
03 October 2013

The National Government Is A Sham And So Are The Debt Numbers

Mandeville, LA – Exclusive Transcript – Before Obamacare, there was $222 trillion worth of unfunded liabilities on the books for the federal leviathan. The money does not exist on the face of the planet to discharge those responsibilities. That, by the bye, is in excess of what is actually funded and paid for, yet no one is talking about that. Check out today’s transcript for the rest…
03 October 2013

Republicans Were Against Obamacare Before They Were For It

Mandeville, LA – Exclusive Transcript – It was the citizens of the United States that elected the Democrat Party and that empowered it over the last century to begin and then to work at very hard the progressive era, as it’s called. It’s the citizens that became corrupted by and were enraptured into the same process while calling themselves conservatives because they operated under the umbrella of the Republican Party. I think that all citizenry is at some level responsible for this. To say anything else, to me, is to be disingenuous. Check out today’s transcript for the rest…
02 October 2013

Government Shutdown May Actually Increase Productivity Of Private Sector

Mandeville, LA – Exclusive Transcript – I’m going to ask the question again: What productivity? What do they produce? What do they produce other than regulations that hamper the production of every other living soul on the continent, hell, across the world? According to this, the 1996-96 shutdown cost $1.4 billion, roughly $2.1 billion in today’s dollars. One of the things we know federal workers are really good at producing is inflation and currency devaluation. Check out today’s transcript for the rest…
02 October 2013

Nearly A Half-Million Employees Left At Department Of Defense, And That’s With Half Furloughed

Mandeville, LA – Exclusive Transcript – If you weren’t opposed to the standing army from the standpoint that the framers of the Constitution and the generations that came after them had been very wary of and with very good reason of having standing armies lying around for obvious reasons, perhaps the latest statistics from the shutdown will warm you to the idea of at least considering this. Check out today’s transcript for the rest…
09 August 2013

No Matter Who’s Running The Economy, It’s In The Red And Getting Worse

Mandeville, LA – Exclusive Transcript – In what document, under what rule, under what act of Congress, under what amendment to the Constitution has any president ever acquired the power to “run the economy”? My reading of history, the president doesn’t have the power, shouldn’t have the power, and you shouldn’t want to confer it on him, yet here we are. Check out today’s transcript for the rest…
27 June 2013

Social Security Disability Could Learn From Aflac And Other Private Companies Who Aren’t Broke

Mandeville, LA – Exclusive Transcript – “Congress faces 2016 deadline to save Social Security’s disability program.” Now hold on just a cotton-picking moment there! What do you mean save the Social Security’s disability program? Where’s the trust fund? I thought that there was a trust fund out there. I thought this thing was solvent all the way up until 2033, we were being told just a year ago. Check out today’s transcript for the rest…
04 June 2013

Rand Paul Can Live With $2.6 Trillion Worth Of Government, And That’s A Good Thing

Mandeville, LA – Exclusive Transcript – Rand Paul’s statement that he can live with $2.6 trillion worth of government, to me, is a dropping of the gauntlet. I don’t believe you people out there or your neighbors out there in the states can live with $2.6 trillion worth of leviathan. Here comes the other rub. Whether you have one-third of the largesse you currently enjoy, more than a third, half cut off, or whether you keep the spending at $3.8 or $4 trillion and then must be taxed appropriately for it, just imagine your taxes doubling or increasing by a factor of 40 percent. Check out today’s transcript for the rest…
04 June 2013

Rand Paul Is The Only Serious Contender Attending “Romney Palooza”

Mandeville, LA – Exclusive Transcript – Christie flies to Utah this Thursday. He and Rand Paul and Paul Ryan are all going to Romney Palooza, a big hoop-de-doo gathering out in Utah that is hosted by the former candidate. “Romney retreat to draw three GOP presidential hopefuls.” The retreat is called the Experts and Enthusiasts event set for Thursday and Friday in Park City. Check out today’s transcript for the rest…
17 May 2013

The Problem Is Big Government And We Need To Find A Solution

Mandeville, LA – Exclusive Transcript – If you really want to do something about it, here’s a word for you to research and think about all weekend long: secession. [mocking] “Why don’t you get in line with the rest of us? Why do you keep going to that? You know it’s not going to happen. Why do you keep talking about it?” I keep bringing it up because it forces you to consider actual alternatives. Check out today’s transcript for the rest…
17 May 2013

Big Government Needs The IRS Like We Need The Sun

Mandeville, LA – Exclusive Transcript – All this protestation and all this hooting and hollering and all this stuff that’s going on, in all the fundraising that’s going on with Tea Party groups sending their little letters out asking, [mocking] “You must support us now in this our darkest hour of need. We’ve got to get rid of Obama.” At the end of the day, none of this will result in a leaner, less meaner federal leviathan. That’s what you ought to care about. Check out today’s transcript for the rest…
27 March 2013

X Day – Return To A Gold Standard Is Possible

Mandeville, LA – Exclusive Transcript – The German people are one of the better practitioners of free market economics in Europe. This is all traced back to Austrian School thought and Wilhelm Roepke. I didn’t know any of this. It is therefore a story that can be used as part of the historical record for those that say, [mocking] “We can’t go back to a gold standard. Everything would be devalued.” The Germans did it. They did it in an orderly fashion and that currency remained sound for decades. Then the rebuilding and rebirth of the German economy happened. Check out today’s transcript for the rest…
05 March 2013

Big Business In Bed With Big Government And A Do-Nothing Congress

Mandeville, LA – Exclusive Transcript – Folks, this MO, method of operation, that we have become accustomed to, which basically is members of Congress throwing their hands up in the air and saying: We can’t do anything about this, just as I have always told you has now been exposed as the copout, cheap way out of actually executing your duty. You can’t execute your duty, though, ladies and gentlemen, when there are $3.7 trillion that are being spent in the execution of your duty and are supposed to be under your watchful eye. Check out today’s transcript for the rest…
01 March 2013

The Sequester Apocalypse

Mandeville, LA – Exclusive Transcript – Life wasn’t so bad before all these things happened, before all this spending occurred. We seemed to be doing pretty good. As a matter of fact, if you’ll recall, when President Obama was running for his first term in office in the late fall of 2007 and through all of 2008, you might remember that he kept harkening back to the glory days of when Bill Clinton was in office, of the greatness of the Clinton presidency. Check out today’s transcript for the rest…
28 February 2013

National “Security” Is Much Costlier Than Constitutional Common Defense

Mandeville, LA – Exclusive Transcript – I do not like this term “national security.” It is too ubiquitous. The 18th and 19th century version of that would be “common defense.” It would be very specific and it would be a very limited power to be used very cautiously and judiciously. The operative word is defense, not offense, not humanitarian. Check out today’s transcript for the rest…
27 February 2013

The American Sheeple Agree We Should Forfeit All Our Income To The National Government

Mandeville, LA – Exclusive Transcript – How is it that 60 percent of the imbeciles out there believe that if some alabaster-clad, marble-pillared building in Washington would just spend more of other people’s money on other people’s children’s education that all would turn out right with the world? Sixty percent of the nitwittery out there thinks the national legislature should spend more money on education. I just have to ask the question: Why? Check out today’s transcript for the rest…
26 February 2013

Government Spending – Most Americans Don’t Understand Simple Math

Mandeville, LA – Exclusive Transcript – There’s a survey out there that people actually believe, if you can hold this thought in your mind, that if spending on individual programs is increased, that that will then result in a decrease in overall spending. I am not teasing. I couldn’t make this up if I tried. Check out today’s transcript for the rest…
20 February 2013

Detroit Going Belly Up And Tea Party Sinks To New Low

Mandeville, LA – Exclusive Transcript – Today’s conservatism requires you to do very un-conservative things. It requires you to hold very un-conservative thought. It requires you to promote things that Christian conservatives should never be promoting, and that is a nonstop engagement in war. Making war and believing that the strength of your republic, as many of you conservatives like to call it, is to be found in your military is not a conservative endeavor. Check out today’s transcript for the rest…
18 February 2013

There Is Truth To Be Found If You Look Beyond The Mainstream Media

Mandeville, LA - Exclusive Transcript - We’re confronted again with our own arrogance, it seems to me. We’re the smart ones because we know what the real unemployment numbers are and we know what the real state of jobs is. We make an awful lot of assumptions, and I think we do so at the peril of actual good and honest debate. To say that no one is out there saying it -- you’re not the first person to say this to me -- I just think is preposterous. Check out today's transcript for the rest...
11 February 2013

State Of The Union Is Just Partisan Political Theater

Mandeville, LA - Exclusive Transcript - Most State of the Union Addresses now are big political events. When I say political, I mean partisan political events. Whoever it is that is the occupant of the executive title of president will now normally give a pitch, a sales pitch on all the things he’d like to see done in the next year. It’s not necessarily an accounting of what has happened. It is a laundry list of what the current president wishes to happen. Check out today's transcript for the rest...
07 February 2013

The States Need Boatloads Of Federal Money To Keep From Sinking

Mandeville, LA - Exclusive Transcript - The problem today is, and why your plan will not work under current conditions, because your State of Pennsylvania is in on it. Your state, just like my state, cannot exist and cannot continue to pretend that it can afford all the vainglorious government services it provides without the general government borrowing $1 trillion plus every year and then sending it back to the states in the form of block grants. Check out today's audio and transcript for the rest...
31 January 2013

The Economy Is Fine – Debt, Deficit and Unemployment Don’t Matter

Mandeville, LA - Exclusive Transcript - Wait a minute, the last quarter of the year is supposed to be the best, isn’t it? It’s when everybody shells out all their dough on Christmas gifts. This is when everyone who is unemployed and seeking part-time employment can actually find it, isn’t it? All the things that are supposed to happen in the last quarter of the year are supposed to make it right. It’s supposed to make it gay. Songs of silver and gold come to mind. That’s not what happened. Check out today's transcript for the rest...
22 January 2013

Representative James White Of Texas Is Actually Doing Something

Mandeville, LA - Exclusive Transcript - Isn’t Representative White of Texas admitting that the state legislatures are in on the debt, and the state legislatures actively participate in running it up? They’re the ones that are spending the money. If you’re making contingency plans for what’s going to happen in the absence of borrowed federal money or manufactured money out of thin air, you then are admitting that you’re accepting the borrowed or manufactured money. Check out today's transcript for the rest...
22 January 2013

Three Decades Since Reagan And We Haven’t Solved Anything

Mandeville, LA - Exclusive Transcript - In the 32 years that intervened, has anything that Reagan was warning about back in 1981, has any of it been mitigated? Has it been solved? Has it been healed? Has it been fixed? Has it been repaired? Do we spend less than we take in? Have we gotten our house in order? As individuals, do we have our houses in order? The answer is no. Check out today's transcript for the rest...
The EBT Song // Mike Church Show Band - Anthology
  1. The EBT Song // Mike Church Show Band - Anthology