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Mandeville, LA – Exclusive Transcript – Speaker of the House John Boehner and company plan to begin dealing with this this week.  There are a couple plans out there.  I love how the National Journal story frames this today.  [mocking] “They’re going to begin their deliberation with the far right-wing plan of Paul Ryan.”  The far right-wing plan of Paul Ryan, you mean the one that adds trillions of dollars of new debt on top of the mountain which is 15 Everests high that already exist?  That’s the far-right plan?  I shudder to see the far-left plan.  Check out today’s transcript for the rest…

 

Begin Mike Church Show Transcript

Mike:  We will find out in the next month or so just how serious some are to deal with the debt ceiling without expanding — we’ll find out how serious their commitment to not raising the debt ceiling.  I don’t see any way under the sun that it’s not going to be raised.  I think that everyone in Congress or everyone that follows Congress knows that there is not enough money in the federal till that’s been printed just yet to cover the shortfall twixt now and the end of the year.  That money is going to run out sometime in the next 30 days or so.  They’re going to have to raise the debt ceiling.

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If you don’t know what the debt ceiling is, that’s basically the borrowing authority.  If you read the Constitution, Article I, Section 8 says the Congress has the authority to borrow money on the credit of the United States.  Of course, they have abused this privilege like drunken sailors.  Hell, they make drunken sailors look bad.  They have abused this privilege and have gotten quite used to abusing the privilege, and seem to have no desire, and I guess the people seem to have no desire to rein this in and to curtail to borrow money on the credit of the United States.  Guess what?  Our credit stinks.  We should be rated DDDD, in other words do not enter.  Go away.  Stay out.  For heaven sake, please don’t loan these people any more money.

Mike Church Show Transcript – Will The Next Bailout Be The Trillion-Dollar Student Loan Debt?

road-to-independence-BH-RTIDE2-detailWhat I find absolutely amazing — and I know that the word or the adverb amazing is overused and abused.  I guess I could say what I find bewildering is even though every human being alive that has a news connection of any sort knows the unbelievable financial straits, poor financial straits, that the people organized under the style of the Constitution of the United States in which they find themselves right now.  There’s no disagreement on just how bad it is.

What there seems to be disagreement — or as my friend Kevin Gutzman says, there are two great forces in American politics, the forces of apathy and inertia.  We have too much of the former and not enough of the latter.  What is amazing or bewildering to watch is that there is little or no effort to actually do something about this.  When I say do something about it, I mean stop the practice, stop it.  Don’t talk about it.  Don’t fantasize about it.  Don’t essay about it.  Do it.  There doesn’t seem to be an appetite for this.  After all, just imagine all the things that would be laid to waste.  Just imagine all our wars and war machine that would be laid to waste.  Just imagine all the outreach of our magisterial federal government that would be laid to waste.  We wouldn’t be able to do it anymore.  We’d be a third-world banana republic.  We already are a third-world banana republic financially speaking.  Maybe the first step to actually solving a problem is admitting that you have a problem…

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