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We Can NEVER Pay Off All This Debt

BEGIN TRANSCRIPT

RUSH: Las Vegas and Charles.  Great to have you, sir, the EIB Network.  Hi.

CALLER:  Hey, Rush, first-time caller.

RUSH:  Thank you, sir.

CALLER:  You know, Rush, I think that you are spot on when you say that Barack Obama could care less if we go over this fiscal cliff.  In fact, I think he probably does want us to.  And I think that he realizes that we can never pay off this debt.

RUSH:  Bingo.  Bingo. 

CALLER:  No matter how much we raise revenue, no matter how much we cut spending, we can't pay off this debt.  You know, the number that people throw around is $16 trillion.  We understand that --

RUSH:  Hey, let me add something to it.  How about $68 trillion in unfunded Social Security, pension, all that liability, that the real debt that we have is?  But you've nailed it.  There's no way.  And a long time ago it was true.  We can't pay this back.  But we have to, for credit rating purposes, in order to be able to continue to borrow, we have to make it look like we're trying to.  Hello, tax increases.  That's what that's about.

CALLER:  Exactly.  So here's what happens.  So, why not let us?  Why not let us go over the cliff?  Why not let us go into recession?  What happens?  What do we do?  Doesn't that give him the green light to infinity, to keep printing money.

RUSH:  Look, you're singing from my hymnal.  And if that's too religious for you some of you, screw it.  You are singing from my hymnal on this, because it's said the Republicans hold all the cards here because Obama really doesn't want to go over the cliff.  Right.  Well, see, I think going over the cliff is his agenda, folks.

We'll be back.

END TRANSCRIPT

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