that speech yesterda<\/a>y shows a scary level of financial ignorance which he\u2019s spewing forth to people like the Occupy people, which is damaging and dangerous to the future of this nation.<\/p>\nRUSH: Well, let me ask you a question, Steve, \u2019cause you\u2019ve said the president\u2019s knowledge of finance and so forth, capitalism, is really nonexistent, ignorant. Do you think he\u2019s ignorant and dumb, stupid, or does he really know what he\u2019s doing here and is trying to camouflage what he\u2019s doing with ignorance? What do you think?<\/p>\n
CALLER: Rush, I believe the motives to people smarter than me but I can tell you he\u2019s the product of an America and global educational system that doesn\u2019t teach people how economics works. When the 1990s, early part — I had an opportunity to take Soviet company personnel around the United States, and we visited grocery stores and neighborhoods and big box retailers, and without exception, those people left this country saying, “Government is the problem, not the solution.”<\/p>\n
RUSH: And it wasn\u2019t long after that that glasnost and perestroika failed and the Soviet Union imploded.<\/p>\n
CALLER: And it imploded because socialism, slash, communism, don\u2019t work. What you have is a system that demotivates productive behavior. It institutionalizes poverty like we\u2019ve seen in this country since the late 1960s. We have spent trillions of American dollars on the war on poverty, and what we have now is worse poverty than we had when it began.<\/p>\n
RUSH: He\u2019s right. He is right. In fact, expressed as a percentage it\u2019s the same. After all of these trillions, after all these trillions of transfer payments, the percentages of people in poverty are the same. Now, we define poverty pretty high. But still, everything\u2019s relative. And the way we define it has been pretty constant over the years. You are exactly right. The war on poverty, the Great whatever, Society, none of it, none of it has worked, not one liberal program has worked.<\/p>\n
CALLER: All we have done is forced the tax bill into fewer and fewer people. In 1980 20% of Americans paid no income tax. Today, 48% pay no income tax, and the top 10% paid 70%. You cannot push that further without fundamentally destroying the opportunities that exist —<\/p>\n
RUSH: Yeah.<\/p>\n
CALLER: — in this nation.<\/p>\n
RUSH: And during all of this our exalted president tells us that the top 1%, the top 10% are not paying their fair share.<\/p>\n
CALLER: Well, the top 1% is anybody who makes more than $35,000 in the US because compared to the globe, that\u2019s the top 1%. That\u2019s the wealth transfer that\u2019s going on. And for him to have the audacity to say that this system hasn\u2019t worked, look at the nineteenth and twentieth centuries with the most explosive economic growth in the history of humanity. It was a miracle that happened, and it happened because of the Founding Fathers\u2019 belief in limited government.<\/p>\n
RUSH: Yep. He\u2019s exactly right. There is no question. So what we\u2019ve done, we\u2019ve subsidized poverty. I\u2019ve heard stories, we\u2019ve had people call this program, just like this guy, Soviets, ex-patriots, people that used to live there, government officials, when they came here and saw the corner grocery store, their minds were blown. They\u2019d never seen that kind of plenty. When they saw a big box store, they had no comprehension. They had no way to comprehend a Costco. It made no sense. They had no experience with that. Their experience, forget the name, but in Moscow there was this giant big store that had everything. GUM. That\u2019s right, it was the GUM department store, except it didn\u2019t have anything. There was a shortage of everything in this store all the time. Now, the leaders never shopped there. The leaders took all the good stuff before it ended up at the GUM department store. We\u2019ve spent $16 trillion in the war on poverty since the sixties. The same amount of money we owe in our national debt. Our national debt equals what we have spent on the war on poverty. What does that tell you? Thank you, Steve. That\u2019s Steve, Chicago. Great, great call.<\/p>\n","protected":false},"excerpt":{"rendered":"
RUSH: Steve in Chicago as we start on the phones. I really thank you for waiting. Welcome to the program. CALLER: Rush, it\u2019s great to be on with you. Thanks for having me. It\u2019s a great day to talk about the literacy that this guy doesn\u2019t have in the financial and economic markets. RUSH: You […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"\n
Our Education System has Failed to Teach Economic Freedom - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rushlimbaugh.com\/daily\/2011\/12\/07\/our_education_system_has_failed_to_teach_economic_freedom\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Our Education System has Failed to Teach Economic Freedom - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: Steve in Chicago as we start on the phones. I really thank you for waiting. Welcome to the program. CALLER: Rush, it\u2019s great to be on with you. Thanks for having me. It\u2019s a great day to talk about the literacy that this guy doesn\u2019t have in the financial and economic markets. 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I really thank you for waiting. Welcome to the program. CALLER: Rush, it\u2019s great to be on with you. Thanks for having me. It\u2019s a great day to talk about the literacy that this guy doesn\u2019t have in the financial and economic markets. 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