I tuned in to Rush Limbaugh yesterday midway through the show and heard the following spontaneous statement.....you can read the entire segment for yourself, or hear the audio, or I presume watch it on the video cam....under the February 12th heading "CNN on Me on the Budget Deal" on rushlimbaugh.com. This statement is grossly incomplete as to its description of the problem with the Federal debt, and juvenile in its analysis...."Oh yeah.....well you been telling me all four years of high school that I better start studying....and I'm still gradeating ain't I!"
"But, folks, I need to share this with you again. My whole life, and yours, too, we have heard, my grandparents, particularly our grandparents — if your parents or grandparents, have to be your grandparents, lived through the Great Depression, that was the most formative event of their lives, then followed by World War II. But the Great Depression was a profound thing.
Nobody had anything and the only way out was education. That was the fastest, easiest, most direct route to having a job and avoiding the pain. And so as such, people that lived through it preached to their kids and their grandkids the horrors of debt. For example, all my life, I grew up being told about the national debt monster. And then after a while, the annual budget deficit monster. And every year or every five years or however whatever it was, I kept hearing that someday if this isn’t stopped, there isn’t going to be any money. The government’s gonna have it all. There won’t be any to borrow in the private sector because the government’s gonna need all of it to service its debt. The national debt was gonna eliminate prosperity. The national debt was gonna destroy opportunity for prosperity. The national debt was gonna do all kinds of horrible things. And you add the annual budget deficit to it. The national debt’s just a cumulative total of all the budget deficits we’ve ever had, and none of that ever happened.
And I was vigilant. I kept waiting for the country to end. I kept waiting for all of this disaster to happen. And it never did. And yet economists kept saying that it was going to happen. That the country is gonna go into default, the country will not be able to pay its bills, that’s gonna be the end of life as we know it in America when that happens. And now they’re saying it again.
They’re saying that specifically, we’re gonna go into default. This trillion-dollar budget, we can’t — and yet none of these dire threats have materialized....
