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…
Begin Mike Church Show Transcript
Mike: Before you start thinking that the $680 billion deficit — what a paltry amount. Some might be going: Wow, that’s all it was? That’s it, $680 billion? That was the fifth largest deficit in history. To put that a little bit in perspective, let’s use Jefferson’s description. It’s not a trillion, we’re working on it, but $680 billion.
Mike: Wait a minute, doesn’t the president like to say that adding to the deficit does not add to the debt, or is it adding to the debt ceiling does not add to the debt? Here’s a clue: both add to the debt. Then there’s some claptrap about how the economy is improving. How many of you people think the economy is improving? I am not in that number.
Spending fell 5 percent in October to $290.5 billion, mostly because of the [Mike: government shutdown].
Congressional leaders also agreed to set up a House-Senate conference committee that is seeking a budget deal . . .
A fight over the budget and President Obama’s health care program led to the 16-day shutdown. The battle ended with only a temporary agreement to re-open the government until Jan. 15.
Mike: Maybe we should plan our parade on January 15 in the hopes that another impasse will occur and we’ll get to suffer yet another measly $91 billion budget deficit year. Here is our illustrious Speaker of the House, and some of you’s illustrious leader, that would be John Boehner, waxing ineloquent about [mocking] “We took in a lot of money. We still can’t balance our books.”
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