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is that there's a bigger picture
even bigger than the bigger picture that
everybody the media seems to be talking about
which i will share with you as we continue through this program
and a bigger bigger picture has to do with how america is fundamentally change
since ronald reagan's presidency since iran's ascendancy
since since freddie coke died
and the john birch society largely died within an is sons charles and david
in a son charles or david a rather ran for vice president libertarian ting at
nineteen eighty
and and you know they founded the the david h cloak foundation i believe it
was called wished then got renamed the cato institute all i kind of stuff
so uh... this and this argued this is
possibly
a turning point moment for the rent romney campaign
and for the above the campaign will see an email young keep in mind there is
there's still almost two months now
to goal
before election day
and all lot could happen
for the for better or for worse
on both sides
and also keep in mind that there is this huge
pool
of detail hands
who believe this idea that forty seven percent of
uh... americans
freeloading matures
because they don't pay federal income taxes
the actual percentage
of people who are not elderly
nother words
getting social security or medicare
and by the way how can you call somebody who's living on social security and
medicare
a mood sure
how can you call them somebody who has a victim mentality
when they paid their entire lives into those funds that they are now getting
back
and in fact most of them are getting them back in a painting them tax on
their social security thanks to ronald reagan
how can you call those people
people have a victim mentality who are going to fall the president of act
nineteen a break
the percentage of people who are not elderly and were not as civil
who do not pay federal income taxes
is between six point nine percent seven point one percent around seven percent
and that's seven percent is made up mostly of people who have
such mp badly paying jobs
that they're basically below the poverty level all our it's made up of these
several thousand multimillionaires who pay no income taxes whatsoever keep in
mind that ronnie pays thirteen point nine percent
he pays less than a copper a firefighter
and this is the guy was lecturing us
about the victim mentality of people who don't pay income taxes
in other cons it was who don't pay taxes online
everybody pay sales taxes everybody pays use taxes everybody via most everybody
pays
st p_e_ app
property if you guys even if you're renting you're paying property taxes
indirectly
you've by things you're paying your pain sales taxes
into buy gasoline you're paying gasoline taxes you register your car your payment
use tax
you know there's no end to it
that's seven percent
excuse me that forty that forty percent more allies who are while working who
are making enough to pay
federal income taxes but carping axes
they our pain
one hundred-percent on one hundred-percent other income
their pain
feiger taxes they paid social security taxes they're paying you know their pain
unisa
udah basically payroll taxes as the general term it's applied to them
that forty percent that is paying payroll taxes
their pay more than ever honey pays in federal taxes
and they pay more than a runny pays a percentage of his income
infy ca in payroll taxes
is the only pays payroll taxes on his first hundred and ten thousand dollars
and after that of the twenty million bucks he made last year
or thereabouts
we don't really know for sure cuz he hasn't told us
but thereafter he pays nothing is the well
not a penny in social security taxes
if the mit romney class if the people in that room the fat cats in that room that
he had just been talking to you
if they were all paying social security taxes on every penny of their income
social security will be solvent forever
social security could have a cost of living increases so security could pay
more benefits to people
social security and medicare would indeed never have a problem he wouldn't
have people sit around paul ryan's of the world
and for that matter a lot of democrats going over a little bit about simpson
ball
medicare
antonio but cut social security three percent that was the recommendation of
some symbols cuts all scary three percent
and then we started about that
by the way it wasn't the simpson bowls commission the recommended that
that got blown up
by paul ryan because it wasn't crazy enough
paul ryan wanted and a totally private eyes medicare
and social security and they said no we're not gonna do that we're just gonna
cut three percent
and raise the retirement age
and he says i don't know for me
and then jessica's ke was also on that committee
and she said
no cuts in social security whatsoever no cuts to medicare whatsoever
buses raise taxes on rich people just by three or four percent like bill clinton
did
and you still have these commentators going all bill clinton reached across
our work with newt gingrich tha
that that was the budget for alive
bill clinton raised income taxes on the very rich by three percent
and not one single republican congress voted for it back and did
dubey ritual for a house of blues gonna cause greater pressure
uh... it
uh... that work out
three years a balanced budgets the surpluses
such a huge surplus that george w_ bush say he was gonna pay off the entire
national debt with that money when he became president
that was his first state of the union address
kanita easily or quickly t that object or or or share no by george w_ bush is
stay the address freezes
he's gonna pay off all of the national debt
with the money left over to him by by bill clinton 'cause you raise taxes on
rich people three percent
one that without a single republican vote not one republican vote
and this is what george bush said
two months after he came into office
many of you talk about the need to pay down our national debt
i listened
and i agree
we elect to our children and grandchildren that now
and i hope you will join me to pay down two trillion dollars in debt
during the next
ten years
at the end of those ten years really paid down all the debt
that is available
more cuts quality that it is available at a town is basically what he said
that's that's that was our wrapped and
george w_ bush set they are all of that i got a lot less money to bill clinton
left me
without one republican vote
and romney was a double down on time
and george w_ bush is policies
unidad dot all that surplus that was going to use to pay down the national
debt the george bush is getting used to pay down the national debt which at that
point was you know
probably around five or six trillion dollars because george bush and five
trillion to the national debt
lose two wars is medicare part d has massive tax cut for millionaires in
billionaires
mit romney
is gonna doubled on that he he wants to drop is on tax rate
his you know it is capital gains the pace maximum fifteen percent income tax
which is why people two point nine percent before left
he was a drop it down another
paul ryan's budget would cause that rahi pay one percent income taxes federal
income taxes one percent
and this guy his lecturing people who are working to walmart or make enough
money to pay income taxes
give me of great