Mandeville, LA – Exclusive Transcript – “If you are one of those that is in the employ of, as an example, one of these companies that is part of the military-industrial complex, is building bombs to destroy property in countries you can’t point to on a map while we are not at war with any country, you are partaking of this. What is so hard to understand about this? [mocking] “Mike, we gotta make a living somehow.” You don’t. No, you don’t. You don’t have to do that. I know this is painful to hear, painful to admit to, and I wouldn’t want to admit to it either. You are then in on the grift.” Check out today’s transcript & Audio/Video Clip of the Day for the rest…
Begin Mike Church Show Transcript
In the spring of 1981, conservative Republicans in the House of Representatives cried. They cried because, in the first flush of the Reagan Revolution that was supposed to bring drastic cuts in taxes and government spending, as well as a balanced budget, they were being asked by the White House and their own leadership to vote for an increase in the statutory limit on the federal public debt, which was then scraping the legal ceiling of $1 trillion. They cried because all of their lives they had voted against an increase in public debt, and now they were being asked, by their own party and their own movement, to violate their lifelong principles. The White House and its leadership assured them that this breach in principle would be their last: that it was necessary for one last increase in the debt limit to give President Reagan a chance to bring about a balanced budget and to begin to reduce the debt. Many of these Republicans tearfully announced that they…
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I know this is painful to hear, painful to admit to, and I wouldn’t want to admit to it either. You are then in on the grift. You are accepting payment knowing full well that a majority of what you are being paid is coming out of not only the wallets of your neighbors and your friends and family, it’s coming out of the future wallets of your kids. They’re the ones that are going to have to pay it back. Forty-six cents out of every dollar is borrowed. Sometime in the future little Susie and Johnny will have to pay back what you, your company, and our government borrowed.
Look, I don’t expect that there’s going to be mass exodus from government employ. I’m not naïve. Were I in your position, I’d have a difficult time walking away, too, and that’s the problem. The virtuous man would analyze the situation and would say: I choose not to participate in this. This would include the virtuous man who’s the company owner. We don’t have virtuous men in capitalism today. This is why, as Wilhelm Roepke, the great Austrian who just happened to be Swiss as well, why Roepke wrote the book The Humane Economy. Was Roepke an Austrian economist? He was. Would he have been a supporter or defender or promoter of any form of crony capitalism? He would not. He would have said: This is why there is no moral component to capitalism. He would have been correct.
End Mike Church Show Transcript