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yesterday i said i'm not gonna go after the president and the gang of six and
one on
yet cuz i don't know the details and at that point
as we went on the air you know it uh... admonition to mister hyde didn't
have the details of the seals
are out now and there's two really conspicuous
points whining is the detials don't have a lot of details
you know there is there a lot of big generalities in this thing in a lot of
stuff is getting tossed off
to congress committees commissions hide that will do their dirty work in secret
and will be dirty work
he'll be kanina
cutting government programs for the neediest and the most vulnerable among
us
that's the work that it'll be
and there's no shortage of corporate owned republicans and for that matter
corporate owns democrats who are willing to step up and do that
tragically
secondly that i'm gonna go through the details here in just a second and third
eye i want to make this point and this is really important
and you would not notice if you watch the corporate media
or listen to the corporate media whatever it may be you would not know
this
there is a difference between important and urgent
the only reason
the moody's is talking about downgrading our standard poor's is freaking out bond
rating agencies are hysterical
all this drama all this trauma drying is drummond rank is being is being created
in the u_s_ media the only result was is going on
is because every year and sometimes more than once a year reagan had to do it
they eighteen times in the ear she was president
when the when the administration and congress spend more money than they were
taken n
they have to borrow item and then the borrowing
so ever since nineteen oh believe is nineteen seventeen when congress first
pass this law that's an order for congress to borrow more money they have
to authorize themselves to do it
and they have to specify what those what the ceiling will be
beyond which they will not be able to borrow money
this is not part of the constitution this is simply a law that congress
passed
four five generations ago
and it's been largely ignored it's been you know that this has been raised over
a hundred times
as i point out ronald reagan raised that eighteen times
without so much as a whimper from the republican party
george w_ bush raised it seven times without a whimper from the republican
party
it's just a house keeping detail
now the fact that our nation is inc is going deeper and deeper into that
as the result of the bush tax cuts as the result of true undeclared an unpaid
for wars
as a result of a six hundred billion dollar
overrun
program
in medicare
that says that the government has to pay full retail price
you know aspirins a dollar a traveler whatever you've gotta pay full retail
price for drugs purchased for senior citizens rather than negotiating also
price read only say that
certifies a remark or whatever a you know we're gonna buy a million
penicillin tablets this year
what you know we know your praise on one's have alot of block and a half
what's your price of a million all three sets find will take them
it's a pretty good at the veterans administration does its which it's what
other agencies in the government to that by involved is what state governments do
is what the insurance companies to but it's not what better care can do
medicare is constrained from doing that
they're absolutely prevented from doing that
and if we we pull that off
and we said the federal government to negotiate prices he say six hundred
billion dollars over ten years
the the bush tax cuts account for a quarter of the total deficit right now
the wars in iraq and afghanistan account for another quarter of the total deficit
right now the recession itself accounts for about a quarter of itself we keep
get out of that
by getting unemployment down with everything would be fine
i made this this is like
allen you know and then
medicare cost overruns and i think you have all of the drug plan
so anyhow what date what the republicans has successfully done as they taken
something that's important yeah we should deal with us
and they've turned it into her gym by saying if you don't deal with this
important thing now we're gonna blow up the country
as i said over and over and over again last
no i don't know how many months this is like that all national lampoon magazine
cover work
and the dog with a conduit ad it said
by this magazine will shoot this dog
so i got to the details of the plan
this from by the way courtesy of senator bernie sanders
began to six plan reduces the top marginal income tax rate for the wealthy
americans and most profitable corporations from thirty five percent of
corporations wealthy americans thirty six percent to his lowest twenty three
percent
that's about a third lower than the bush tax cuts in other words this is even
worse than the bush tax cuts
instead of reforming the alternate minimum tax that's for people who are
you know well-to-do but not wealthy
people are making a hundred a hundred and fifty thousand two hundred thousand
all year
and they've got a lot of loopholes and deductions and things i mean i be paying
taxes so
he alternatively here's a minimum tax you've got to at least that's right
instead of reforming the alternate minimum tax to account for bracket creep
over the last
however many decades it's been since it was put into place urged to do away with
it
which is a major tax cut for the
for the uh... a hundred thousand of four hundred thousand dollar a year crowd
it reduces the deficit by three point seven trillion over ten years
but it is a net tax cut or a half-trillion that virtually all of
which goes to the wealthiest americans and most profitable corporations
in other words a hundred percent that i'm quoting from bernie sanders in other
words a hundred percent of that is a reduction of cheap again is six
is to spending cuts in medicare medicaid education job fair headstart politely
low-income hot feeding program
environment and other programs that the sick the elderly children
and working families need
time to call the white house