Tip:
Highlight text to annotate it
X
palin paul says he's got a filibuster everything that comes to the senate if
he doesn't get a balanced
budget amendment
belorus amendment to the united states constitution
it says that the government can spend more money than it takes in taxes
now most states have these
and so the way that they do it is the way gay round is like what simple and he
did in the in men in minnesota
it's a basically berry time bombs
in a fiscal time on says that the next administration
current governor minnesota comes in inherits this multi-billion dollar debt
that sort of satisfied the balanced budget amendment in the in the state
constitution the din
handguns moved liabilities are diffusion yours is always was around it
the ramp all things he's got a magic bullet i mean libertarians always think
they got a magic bullet a nexus is it is i gotta happen be it so you know it'll
ever get past see maybe the democrats are go along with it knowing that
that two-thirds of the house and senate and three quarters of the states will
never go along with all of them may be
that would happen
and of the day that would probably mean the end of the uh... dollar
pardon my information is there
uh... it mean the end of the dollar is the u_s_ as the world's reserve currency
because it
you can't manage rundown
we had to have this country literally since the phone in the country
born in debt we were born in debt to france
and you can make a strong argument that it's a good thing for a nation have debt
because then a consult treasuries *** for people who won or invest in the
country
if you wanna buy a set you know if you want if you're an investor if you've got
you know uh... pension fund or if you've got your retirement money and you want
to put some place totally safe the safest place to put it is in the u_s_
debt
now if you've got a balanced budget amendment and there is no u_s_ death
breathing does that
well you can buy japanese dat
i think this is that we're gonna do
so buttered areas ramp all promoting this insanity
we've had not one minute of debate about the debt ceiling in any committee we
haven't had a budget in two years we haven't had an appropriations bill in
two years
some part of the freshmen group in the senate is saying there are more were not
gonna let him go to any issue if we have a say in it so next week we will
filibuster and two we talk about the debt ceiling until we talk about
proposals
and many others in the conservative wing are going to present our own proposal
next week
and that is to raise the debt ceiling we will actually vote in favor of raising
the debt ceiling next week and weekend but it'll be contingent upon passing a
balanced budget amendment
there and
until you have the the uh... deering brooks pointed out in a in an op ed had
a conservative columnist david brooks it on this program
promising new york times uh... point out that
republican party has become and not really a serious political party anymore
because the weather doodles like rent paul
because of them actually having power because of the the tea party caucus in
the house be in big enough to actually have some power because when you get one
of them into the senate an individual senator can put holds on things and stop
things one man
anne well or the financial times gideon moroccan rights
in washington they're arguing about the debt ceiling m bra souls this is where
they the european union's headquarters in brussels as the head of the e_u_
right
is european countries
in brussels this tear into a debt address the basic problem is the same
american europe in the same sinking boat
is is it should be obvious
on both sides the atlantic was caused it
unsustainable and dangers booms in credit
in other words we didn't regulate that banks srs
phil gramm in his wife wendy who is on the board of directors of an ron
and a lobbyist for a for can delay
in nineteen ninety nine two thousand got passed through the commodity futures
modernization act gramm leach bliley which blew up our ability to regulate
the bank srs
europe said that's cool let's do that same thing
our banks tues wed that's their banks tues wed knots
the banks tears loaded both
the united states and europe
and here's the it here's here's the proof of how bizarre this is has always
talk about the e_u_ is gonna bail out greece
and on the landmark although that *** chancellor germany is like doing their
feet and i'm big on my feet in here
in our eye on greece if if if at all taxpayer money from germany is going on
payoff greek bottle holders
then greases gotta like sully acropolis
purcell mania rights to it uh... bmw
bavarian motor works were votes not going
or some other jury i_o_u_'s since they you get this
what's going on right now in europe in let me just explain this really really
straightforward terms so you can you can
that i know probably most of you are to get this but here's here's the language
he used to explain to your next-door neighbor your brother-in-law doesn't
understand the stuff
grease owes a bunch of money
banks
because over the last fifteen years when the banks go directly later they were
they went on in offering credit binge basically they offer grease
one of those no interest credit cards like you get the mail
increase used it
they were getting these zero low very low interest rate individual greeks
the great government
uh... they they wear are borrowing binge
because the banks is reseda ibarra from us it's crawley royer condominium in
when the economy grow show an increase tax collections that would increase tax
pledges you can pay off the dot
and then work out
the banks to scheme blew up on them
to greece sells all his money to the bank srs
banks in germany banks in the u_k_ banks in the united states goldman sachs
katie morgan
so what's happening right now
is germany and france have a large european countries are taking taxpayer
dollars
this is just like to carpet
they're taking taxpayer dollars
warning them degrees
so the grease could pay off the banks
so that the banks tears won't lose their private jets
and their mansions in in uh... zurich
and they're they're they're swiss chalet there either should those specie wayans
eric in their mansions on the riviera
and did you get this
this is all about making the bank shares hole
financial time sir martin jacob greece has no future within your ozone
his policies for early address thank you your is on leaders focused on preserving
the single currency avoiding further turmoil the banking system
it's all about saving the bank stirs this is in saying is fair to say the
bank stirs sorry idiots
he came up with a bad plant will fit your face you're out there since
some new banks there will come along and fill a void
you're listening to become hardman program colleagues execs nineteen
seventy-eight joanne
that thomas jefferson used to read about paying stirs look out for the bank
streets
reunion
he was so great twenty seven thousand back