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Mandeville, LA – Exclusive Transcript – Again, I fail to see why anyone that participates in, advocates for, and has been dreaming about shrinking the federal leviathan, why you are not taking the chance or the opportunity to hit the ramparts, to dig yourself in, and to encourage those that have a vote or say-so in this to hold the line.  Folks, this is the battle we’ve all been waiting for, isn’t it?  What did you think it would look like?  Check out today’s transcript for the rest…

 

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Mike:  $777 billion is what borrowing money on the credit of the United States cost the people of this union in the fiscal year that ended on September 30, 2013.  For those that say [mocking] “It’s only another billion dollars, only another trillion dollars, what’s $1 trillion between friends?”  This is what Harry Worthless Warbucks Reid is telling the media and television reporters, [mocking] “Look, we’re only asking for the debt ceiling to be increased by another trillion.”  That means there’s another trillion dollars you have to pay interest on every year because some of the new borrowing authority will be short-term loans and some of them will be long-term loans.  By the bye, there’s one more facet to this, to these kooks out there saying if we don’t raise the debt ceiling our credit rating will go down. That’s not true.  When we raised the debt ceiling in 2011, Moody’s downgraded us.  The credit rating went down the last time there was a major bump in the debt ceiling, or one of the last two times.

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Patrick_Henry_American_Statesman_paperback_cover_DETAILAgain, I fail to see why anyone that participates in, advocates for, and has been dreaming about shrinking the federal leviathan, why you are not taking the chance or the opportunity to hit the ramparts, to dig yourself in, and to encourage those that have a vote or say-so in this to hold the line.  Folks, this is the battle we’ve all been waiting for, isn’t it?  What did you think it would look like?  This is what I say to my friends at The American Conservative: Please explain to me in your next editorial, Mr. McCarthy and Mr. Larison and Mr. Galupo, what in the hell did you think shrinking the size of government would look like?  Do you really think it’s going to happen in an orderly fashion and there’s going to be some plan like the Canadians had?  Ha ha ha!  And there’s going to be a date certain when the  progressives in this country and the Republicans that are progressives — don’t forget the Republican spending priorities are just as uncivil and just as unconstitutional as the Democrats’ spending priorities. It’s just the Republicans want to spend the money with the military-industrial complex instead of spending the money in the welfare distribution spending complex.  Both parties spend the money that we don’t have in corporatism or through corporatism, subsidies and what have you.

There’s an article at Forbes Magazine posted by Jeffrey Dorfman October 3, “Don’t Believe The Debt Ceiling Hype: The Federal Government Can Survive Without An Increase.”  I have to go to Forbes Magazine or LewRockwell.com to find sanity.  I would read you the narrative here, but he gets into some nuts and bolts.

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  • Well Mike, I have to tip my hat to you on this transcript. Good stuff. I shared it within my social networks and have tweeted these points to Boehner and company.

  • I completely agree, and I’m an employee of a government contractor.
    If the government shrinks and confiscates less money, that would then free up money in the market for entrprenures and businesses to pay what would be the former government contactors.
    The period inbetween would not be comfortable but the latter period of market based industrialism would be worth the pain.

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