{"id":36816,"date":"2010-11-10T01:01:01","date_gmt":"2011-05-19T00:20:31","guid":{"rendered":""},"modified":"2011-05-19T00:20:31","modified_gmt":"2011-05-19T00:20:31","slug":"debt_commission_report_leak_timed_for_the_lame_duck_session","status":"publish","type":"post","link":"https:\/\/www.rushlimbaugh.com\/daily\/2010\/11\/10\/debt_commission_report_leak_timed_for_the_lame_duck_session\/","title":{"rendered":"Debt Commission Report Leak Timed for the Lame Duck Session"},"content":{"rendered":"
\n

RUSH: This deficit report wasn\u2019t supposed to hit until December. It\u2019s not even Thanksgiving. We\u2019re not even at the middle of November. Now, why is this deficit report hitting today? This deficit report hits today, and, by the way, it\u2019s hitting with a lot of detail, and I\u2019ll tell you what I think. I think this deficit report\u2019s coming out timed for the lame duck congressional session, and guess what? This is designed to give Democrats either some leverage or cover for dealing with the Bush tax cuts argument. That\u2019s exactly what this is, however the Democrats want to play this. If you look at the tax suggestions here, they really are talking about simplifying the code, reducing rates all over the place, not just extending the current Bush tax rates, but actually cutting rates, simplifying the code to broaden the base. At the same time gasoline taxes are being increased. Well, they\u2019re being proposed. The retirement age for Social Security is being suggested to go up to age 68, by what year, 2050? I\u2019ve got it all here. I\u2019m trying to make sense of it. Yeah, on Soc. Security, gradually increase the retirement age when people can start receiving benefits to 68 at around 2050 and 69 by 2075. Federal subsidizes to agribusinesses would begin to be slashed by $3 billion a year. Ho-ho-ho. Wait \u2019til the ethanol crowd hears about that. <\/p>\n

The gasoline tax, federal gasoline tax increased by 15 cents a gallon starting in 2013. Also propose cutting the federal workforce by 10% for a further savings of $13.2 billion, this by 2015. There\u2019s nothing in here about tax breaks for piece of crap electric cars. Now, folks, this wasn\u2019t supposed to hit \u2019til December. December\u2019s well after the election, December is getting close to the, quote, unquote, holiday season when people are in, quote, unquote, good cheer and so forth, guys coming home from work and not getting a steak but rather heading right to the vodka and the eggnog and what have you. But now it\u2019s out. This is a draft report. I mean it\u2019s gonna be far more detailed sooner than later, but the draft report\u2019s out, 50 page PDF file, and this tax code stuff is fascinating. Nobody is suggesting this kind of stuff, except us. We conservatives have been suggesting stuff like this forever. Lower the marginal tax rates for everybody across the board, broaden the tax base, simplify the code, and all this comes out timed for the lame duck session. I\u2019m just wondering how this helps the Democrats in the lame duck session. Does it give \u2019em cover or does it give them leverage? Because they\u2019re adamantly opposed to extending the Bush tax cuts for everybody. There\u2019s some talk now about Obama, (imitating Obama) ‘Okay, maybe I\u2019ll extend them a year, maybe I\u2019ll extend them two years for everybody, but I\u2019m gonna get the rich at some point.\u2019 <\/p>\n

What needs to happen is a rate reduction, a marginal rate reduction. That\u2019s what needs to happen, the one thing that would have a demonstrably, instant positive effect on this economic recession and start turning things around would be that. We know that that\u2019s not gonna happen with this guy in the White House. But these tax suggestions in this deficit panel report, if you want to look at things on the optimistic side you could say this is designed to give the Democrats cover to go along with extending the Bush tax cuts. Remember, the purpose of this commission is to take out of the hands the dirty business of making decisions by elected officials. ‘Well, I was opposed to extending the Bush tax cuts, of course, but the experts in the blue-ribbon panel, the Irksome Bowles, Alan Simpson Babe commission have suggested something far, far, far more drastic tax-wise. I think we need to look at it.\u2019 We\u2019ll see. Time will tell in enough time. <\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: You know, if I wanted to be selfish I could look at this deficit reduction panel stuff and see the Social Security retirement age going up to 68 by 2050. Fine. Do it. It won\u2019t affect me. I\u2019ll be dead. Go right ahead. It would be easy. Don\u2019t you love all of these major changes happening in 2050, 2045? None of them happen until after 2012, and most of them \u2019til 2014, until after these guys are all dead! None of this stuff kicks in \u2019til these guys on the panel are all dead, which is gonna be next week for some of them if they\u2019re not careful (laughing) when certain people find out what these guys are suggesting. For one that hates riots, it\u2019s gonna be fun for me to watch \u2019em.<\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: This deficit report wasn\u2019t supposed to hit until December. It\u2019s not even Thanksgiving. We\u2019re not even at the middle of November. Now, why is this deficit report hitting today? This deficit report hits today, and, by the way, it\u2019s hitting with a lot of detail, and I\u2019ll tell you what I think. I think […]<\/p>\n","protected":false},"author":25,"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":"\nDebt Commission Report Leak Timed for the Lame Duck Session - 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:\/\/admin.rushlimbaugh.com\/daily\/2010\/11\/10\/debt_commission_report_leak_timed_for_the_lame_duck_session\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Debt Commission Report Leak Timed for the Lame Duck Session - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: This deficit report wasn\u2019t supposed to hit until December. It\u2019s not even Thanksgiving. We\u2019re not even at the middle of November. Now, why is this deficit report hitting today? This deficit report hits today, and, by the way, it\u2019s hitting with a lot of detail, and I\u2019ll tell you what I think. 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