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good afternoon everybody get a chance to hear and take action is welcome to the
programmer joined in studio manager could produce a gentleman's and also by
our vice president in charge of board operations rich webster so great to have
everybody listening to some of the vp w c fourteen eighty and in washington d_c_
also overreact grady right dot com take action news dot com
acting a lot about conservative media and the damage that they do in my view
to to our country into our understanding about the issues i wanna play free is
something that bill o'reilly
said in just in the last a few weeks regarding
the financial picture of the united states with our
uh... entitlement programs
if the feds do not stop the while spending and they're not reform medicare
and social security
the u_s_ dollar we'll collapse that meets at all of our savings all of our
investments our homes and everything out will blow up
everything's gonna blow up before our allies the u_s_ dollar will collapse
daniel knows if we don't reform social security the dollar's gonna collapse
is that true
who can't
that's a look at it yet what what is going really talking about here he's
talking about the threat of hyperinflation that will have too many
dollars
in the economy chasing too few goods
that is results
or dollars will no longer have purchasing power
the borrowers work-product interest rates
and therefore interest rates across the economy are rather a creditors will
drive interest rates and because they want less confidence in art that
therefore interest rates across the economy will skyrocket
that is a fantasy that that could occur given certain circumstances
people it won't occur on the cartwright that were on and here's why
first of all
in the short term we have negative interest rates on our debt negative
literally
literally people or giving us their money to invest in
there's so little confidence in other vehicles for investment the people are
buying up treasury bills and dollars despite a negative return
because the economy is so low and so the idea that spending
will crowd out private investment will drive up inflation orders confidence in
our debt is ridiculous mustafa consumption diverse uh... and lack of
demand in our current economy they've been warning about this every single
puncture here this after the stimulus
of mark my words in
you know you are two years will be congress will have
well are interest rates are debt will skyrocket we have our own currency in
this country for reason and that is that when we were in a downturn
one were in a recession
we can print more of it through quantitative easing through the fed her
of lower interest rates through them opportu saying private assets putting
more currency connie at the united states government temporarily deficit
spending to get us out of that dish now long-term
long-term
is what bill is talking about
somewhat real that we will have a problem where that as a percentage of
our economy
could potentially
pincode potentially jeopardize confidence
in our currency
and on our debt
yes
that is only because we spent twice as much per capita as the nearest country
on health care with worse outcomes of lower life expectancy high rates of
infant mortality
lower quality of life
lower survival rates of of many diseases worse chronic long-term care
s because revoked law
private for-profit health care system that does not work
if we if we do not have if we had
the health care system of switzerland or norway
which are the next closest countries answers a per capita healthcare spending
we'd be a budget surplus for eternity and so what bill bill o'reilly is and
what are you is that in order to do that we have to we have to you know
squeeze his friends in the pharmaceutical industry we have to
squeeze some time in some cases
overpaid or poorly incentivize
private surgeons are private medical system or a hospitals you doesn't want
to do that and so he said he wants to put grandma and grandpa a mystery at all
it is your situation
this is a choice is a choice of our priorities
and bill o'reilly is what i mean really troy's well and i think the reason he
doesn't want to play the real choice i think the reason that he bastardized is
the truth time after time again is because he is creating fear and that
when you as a broadcaster have an audience that is fearful
that as an audience that is gonna turn to you to be sued babel watching for
longer periods at the time they will keep coming back to you at the same
reason that people turn on the t_v_ during natural disasters and watch the
favorite broadcasters are what i know
with there's a plane crash in one of these suits are known to make sure that
a relative is not on it when during times of crisis when people are fearing
fearful
when they're feeling fearful
they watch these broadcast more and more so to the extent that bill reilly is
able to create this element of fear of catastrophe
people think oh my god bill or i was the only one that's gonna simply because
he's the only one talking about the saritha situation and i need to watch
him to find the latest information about how i can protect myself
even if what dole rise prescription is
is a bunch of malarkey
so for everybody who's a miserable and you know why were they deliberately lie
what this is the reason it's all about
ratings it's all about getting an audience to become essentially addicted
to bill reilly because he's the only one that's talking about this because it's
not
obsessed but he gets his audience the believe it
they're fearful and they trust him and they continue to watch it