Mandeville, LA – Exclusive Transcript – Here’s a question: if Boehner and company won’t balance their books and pay their bills, why should we? Shouldn’t we follow the example of our leaders? I say that when I’m thinking of how much I may be in arrears in taxes right now, maybe some of you are. Should you actually pay it? Why don’t you just say, “Hey, I don’t owe taxes, man. I’m just running a tax deficit.” How do you think that would go over with the IRS? This is like Wimpy from the Popeye cartoon, “For a pass on the taxes today, I will gladly pay you on Tuesday…of 2072.” Check out the rest in today’s audio and transcript…
Begin Mike Church Show Transcript
Mike: I often ask Mr. Gruss if he’s seen movies. He’s not a big movie guy, so I’m going to assume you never saw Thelma and Louise.
AG: That is a safe assumption.
Mike: You probably have seen some facsimile of the car they drove off the cliff, though, right? At the end of the movie they hop in their Cadillac convertible and decide it’s not worth living in a world where men breathe. This is Gal-Qaeda propaganda film noir at the time. Geena Davis and Susan Sarandon hop in the Cadillac, rev the engine up and drive off into the Grand Canyon. That’s the image I’d like to conjure up in your fertile minds as you picture the fiscal cliff. Think about that. You’re in the car and [screaming]. Or you could picture Wile E. Coyote thinking he’s going to get himself a heaping helping of Road Runner and he messes up and he falls of the cliff and all you hear is [whistling…thud].
The federal budget deficit for November 2012 grew from $120 billion, a measly $120 billion, chump change — this is not up to Obama standards. This is not up to Boehner and company standards. A mere $120 billion in the hole in one month, come on, guys, you can do better than that, can’t you? So October was a $120 billion deficit month. Not to worry, though. November was a $172 billion deficit month. I want you to just think about that for a moment. What was that lotto you could have won a couple weeks ago, Andrew, $550 million?
AG: That is it, yep.
Mike: If we divide — I don’t know if my calculator will go up this high — that’s $172 billion divided by $550 million. What we went in deficit last month was 312.7 Powerball winning lottery tickets if that’s what the pot was, $550 million. This is what the general government spend in excess of what they took in in revenue, the equivalent — just to put this in perspective — 312 Powerball. What is going on here? How can this continue? This has to boggle the mind. I get tongue twisted just talking about this because the numbers are so staggering.
It is almost impossible to conceive of a billion of anything that you would count in the real world, other than grains of sand. Are there a billion squirrels running around North America? I doubt it. Are there a billion people? No. That’s even if you throw in the Mexicans and Canadians. Are there a billion football players on the Washington Redskins team? Here’s an exercise: are there a billion blades of grass on the infield at the Natties Stadium? Do they play on grass or artificial turf?
Mike: Do you think there are a billion blades? Just think of the number. A billion is a thousand million. 172,000 million was the deficit for November. It should be obvious to the concerned observer that nothing has been done over the course of the last four years, over the course of now three years of the Republicans running the House of Representin’. Don’t feed me that line that they can’t do anything without the Senate. That’s just BS. All bills for raising revenues originate in the House. The House has control of the purse, end of story. They may not want to use it but they do have it. It is with great disappointment you should greet this number of $172 billion. This is a real number, this is real money, and this is real debt that is either going to have to be repaid or we’re going to have to fight a war to deny repayment of it, or the currency will have to be watered down and diluted so that the $172 billion is only worth $17 billion. Of course, everything you have will be diluted by a factor of ten, too.
So the insanity and madness still continues here while there was an HGH hearing yesterday. This is what drives me insane. $172 billion in the hole in November, $120 billion in the hole in October, and Darrell Issa had time to schedule a hearing over human growth hormone and whether or not athletes ought to be using it? There are some of you “conservatives” – I’m going to stop using the term conservatives. I’m done with it. Me, personally, if anyone asks me “Are you a liberal or a conservative?” Neither, I’m a republican. I’m going to Luke Skywalker this stuff. I’m a republican like my father before me. I’m a Jedi Knight like my father before me. I am a republican like my forefathers before me. The term conservative means nothing other than you sell books, magazines, or host a radio or television show and you’re not a liberal.
You want to add some even worse news to this? Let’s go to ZeroHedge.com. Here’s the headline: “And That’s Checkmate Bernanke.” Here’s a question: if Boehner and company won’t balance their books and pay their bills, why should we? Shouldn’t we follow the example of our leaders? I say that when I’m thinking of how much I may be in arrears in taxes right now, maybe some of you are. Should you actually pay it? Why don’t you just say, “Hey, I don’t owe taxes, man. I’m just running a tax deficit.” How do you think that would go over with the IRS? This is like Wimpy from the Popeye cartoon, “For a pass on the taxes today, I will gladly pay you on Tuesday…of 2072.”
End Mike Church Show Transcript