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…
Begin Mike Church Show Transcript
Mike: I saw your story of the $300 million a day from ABC News. I don’t know how they calculated that. It says, “The government shutdown comes with a hefty price tag — $300 million per day.” I think that’s a bargain. The federal leviathan costs about $13 billion a day, so $300 million per day, that’s a bargain. We’re making money here. Like my friend Bill Terry likes to say: Dude, you’re making money. Does it cost $300 million or are you saving $300 million? Of course, this is from the economic consulting firm IHS Global Insight. I would like to know who paid IHS Global Insight. I wonder if the government paid IHS Global Insight to project what the government would lose if it had to shut itself down or partially shut itself down per day. You budding young researchers out there, if you’re looking for something to sink your teeth into, that would be a great thing to sink your teeth into. ABC News has not figured out how to proficiently allow the printing of their news stories, so you almost have to read them from screen. I can’t print them out. “The IHS analysis, shared with ABC News, accounts only for the lost wages and productivity from the nearly 800,000 furloughed federal workers.”
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. Man, they produce that like they are making acme widgets. I knew there was something I wanted to throw into this discussion today. When I finish with this list, I’ll get to it. Going back down the list of federal agencies and those that will be furloughed from same, Smithsonian Institute, 4,202, number estimated furloughed, 3,514.
Somewhere in the annals of the early days of Congress, the question arose as to the Library of Congress. In the Constitution we find that Congress is empowered to promote the arts and sciences by assigning copyrights, patents, and trademarks, something to that effect. In the necessary and proper clause, one of the early congresses said: If we’re going to promote patents and copyrights, we’re going to have to have someplace to store them and someone is going to have to keep track of them. It was determined in an early act of Congress that they would create this thing called the Library of Congress. The Library of Congress is not a library in the sense that you think it is or might think it is, that it’s a library where Congress goes to read. It was actually created, if memory serves correctly, as a storehouse. AG, have you ever applied for a copyright?
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