The "benefit" of government spending must come from the detriment of extracting it from the private sector, the detriment of more enslavement of debt and its interest payments, and/or the detriment of destroying the value of money held through inflation PLUS the detriment of the malinvestment of the spending back into the private sector bundled with destruction of incentive and enabling of dependency. Meaning, there is NO net benefit to an economy by "government spending." Period.
Of all the financial reporters, Santelli possesses the worst cohesive thought stream. He jumps from one fact in Brazil to another in Germany, and a third in the Middle East, and a fourth in China, while being asked about a whale phenomena in Anchorage. Santelli, there is no correlation neither in subject nor in causality. He is like a broken browser jumbling news' sites, or bringing a "stick from every terrestrial valley to build a cottage in lake Laugai"
If you want to know if the GOP presidential candidates are SERIOUS about cutting government spending, please go to the FoxNews / Google Republican Debate page and under the text questions category of "Govt. Spending & Budget" VOTE UP any questions about ELIMINATING BASELINE BUDGETING!
If you don't know what Baseline Budgeting is, do a YouTube search of it. If you don't like Rush Limbaugh, a few others such as Rand Paul explain what it is and why there will not be any REAL cuts until it ends.
Government isn't the solution: government causes the problems...the government is best, which governs least-Thomas Jefferson. Better to take advice from Jefferson, Franklin,Patrick Henry and Ludwig von Mises, Friedrich Hayek, Milton Friedman and Thomas Sowell than the talking heads on the main stream media and the mostly bought and paid for politicians, and the banks and corporations which own them
Why the he'll don't we have this guy leading us? He basically just said " fuck your politics here's what's you politicians have been ignoring." and just taped it to a baseball bat with a "dare you to ignore it further" approach. I love this guy. He's stated everything the people of America have been trying to say for a very long time now.
pure genius: defraud investors and pensioners at the expense of the future ability of firefighters and teachers to be able to feed themselves, get a slap on the wrist from the SEC, enjoy a flood of risk-free cash from the fed with taxpayers on the hook for any losses, and laugh all the way to the bank at us mere mortals and "bolsheviks" while state governments across the nation scramble to auction off their infastructure to the private sector.
Seriously, if you know that you are in outstanding debt, I don't know how you could even sleep at night. Why would you keep borrowing and spending? The dollar now worth a penny.
why don't the people demand congress not spend so much? people care more about american idol than their government's actions with their confiscated money. I DON'T GET IT.
Rick Santelli is the greatest : ) He should run as vice president with Newt Gingrich against obailout. Would be a landslide victory lol The campaign slogan could be "IT'S THE SPENDING STUPID!"
@seuin6 Is it possible that people are really as stupid as you? "Obailout"? George W Bush BAILED OUT the banks, moron! While Scum-of-the-Earth like Rick Santelli RECEIVED MILLIONS IN BAILOUT MONEY!
Bush/Cheney SOLD OUT AMERICA - GIVING TRILLIONS TO THE BANKERS WHO SCREWED THIS NATION INTO THE GROUND. So, who do righwingers blame for the fleecing of America? The guys who did it? NO! The black guy who INHERITED BUSH'S BANK BAILOUT!
If rightwingers were any dumber they'd forget to breath!
@HNK222 lol mad because your "god" turned out to be a theocratic corporatist? Don't like it when I point it out. Gotta resort to a racial guilt trip to "win" your point? Obailout is a crook and you know it quit defending him because of his race. Now back to the core tis true B/C did what you said. Obailout is doing it exponentially more no matter who writes his speeches. No more excuses for obailout and not another 4 years either. To obailout "IT's THE SPENDING STUPID!"
@pipebillys Our fiat money is, yes. But production is a different story. Production takes real resources and takes time. Savings allow you to increase production. Think of a guy with a fishing rod, and wants to catch more fish. Well, he should build a fishing net. But, he needs a stockpile of fish aka savings to sustain him while he builds the net. There's a big difference between genuine savings/underconsumption and just increasing money supply.
@pipebillys That wouldn't happen, though. The end of all production is to consume. Interest rates are supposed to structure production across time, so some resources are directed towards producing stuff that gets consumed right away while other resources are directed towards expanding productive capacity, leading to increased consumption in the future. Roger Garrison actually has a good acronym to replace "saving", it should be SUFS (saving up for something).
@pipebillys Your example actually makes the case for savings. Not only do savings lead to capital investment, it’s also what you need to repair the damage caused by a natural catastrophe (as someone who works in Nat Cat modeling, this is exactly why people buy property insurance, to spread the risk and gain access to savings that help them repair the damage and also be covered for the business interruption that resulted). Everybody should have something “saved for a rainy day”.
@regisHCnyc87 Shit, but we all know people pool shit up in times of trouble. Isn't that what initially causes a recession? The vacuum of aggregate demand? We'd rather a moderate level of inflation and keep producing at optimal employment.
@pipebillys Recessions are the cure for the diseases that governments and Central Banks infect us with. When they create too much money, keep interest rates artificially low, they cause resources to go in the wrong directions. The recession isn't enjoyable, no doubt about it. But, the longer you try to push off the day of reckoning, the worse you make it. You are much better off letting resources get reallocated as quickly as possible rather than delay it.
@pipebillys The PEOPLE don't cause a recession by hoarding money - that's a myth. GOVERNMENTS cause recessions. Government needs to set the markets free and stop trying to micromanage. But they won't, because they buy votes from one group of people with tax dollars confiscated from another group of people - that way they get re-elected. If people would read the Constitution and see what the role of government is and IS NOT, we would all be better off.
No one is arguing where 35 or 39 percent marginal tax rate for the top 2% earners in the US falls on the laugher curve, Steve. They are arguing that the government is a less efficient way to create growth and wealth so the government should be shrinking in scope, not growing. the keynesian multiplier is a myth and and always has been.
But . . . but . . . but HOW will we keep the Messiah's Dream alive if we do that??? How will that wonderful organization ACORN be able to recruit more illiterates to scoop up voters like Mickey Mouse and the dead people in Chicago?? Gosh, wouldn't it be Just Awful if we didn't have another Coronation of Wonderfulness that the ladies on The View could get a tingle up their legs from?? What does The Paper of Record, the New York Times, think about all this?????
google "the food bubble" Wall Street only cares about sucking the wealth from the rest of us. Roll back the Reagan tax cuts for the wealthy and the corporations and see the middle class prosper once again
@wogdoggy 2)The rich didnt get rich investing buggies? Do you even know history or economic policy? No! Henry Ford was a PROGRESSIVE!!! and all the other conservatives HATED him at the time! and used congress to try to block him! Ford was in favor of an ALL hemp car(he built the model T in hemp form&oil)but the oil barrons that ran congress MADE him use the oil version! its wasnt the "free market at work" it was the powerful monopolies FORCING their will on other business men, just like today!
what does the private sector have to do with it.? please you are showing your STUPIDITY the private sector doesnt spend OUR TAX DOLLARS,,typical libtard who is indoctrinated to think capitalism and profits are the "problem" the freaking PROBLEM is the GOVT who spends OUR MONEY..wake up doofus get your head out of your ass whne making statements about the private sector..dumbass
@markdart123 dickweed,,obama has spent 5 times more than BUSH while riding around in a golf cart..NIGGAH PLEASE!! save it for the dumbass liberals who buy into that bull cr@p
What Mr. Santelli did not reply to Steve's comment, "Tax cuts don't pay for themselves" is that tax cuts include cutting the government. The government is TOO BIG! And since Barack Husane Obama has taken office it's grown tremendously. It's so simple...cut taxes and cut spending. If businesses large and small feel comfortable that the government is not going to steal more of their money, they will begin to expand and HIRE workers.
the dummycrats are going to get their ASS kicked in 2010,,then OBAMA goes in 2012..no REAL AMERICAN with a sense of work ethics will vote for this..OBAMA CONNED YOU..remeber if you make less than 250K your taxes WILL NOT GO UP..LOL..wait dummies,,you voted for the BIGGEST AMERICAN hating CON ARTIST EVER..REMOVE OBAMA IN 2012
@fel121 : Dear poor dumb liberal. 1) you do not put the people, frank and dodd, who caused the mess in charge of fixing it. 2) you let these firms fail, you let states fail, ie, you let public service unions butt raping taxpayers fail. 3) you don't increase your debt 3x's over based on a stupid belief it's getting you out of debt. 4) you cut taxes. Plz respond with ideas of your own, no leftwing talking points, no Pelosi/Reid spew. Of course you won't be able to do it, but thanks for playing.
@MalletHed Ya, you just let everything fail, let our GDP get cut in half, let our treasuries be rated down into oblivion, let it be impossible to get any food shipped across state lines, let half the utility companies shut down, let the lockheed and northrop shut down so the logistics in Afghan/Iraq are ruined, let a state of emergency be declared, and let the secret military have martial law. Then, when we have no money and no confidence, we'll just up and start our economy again. Get real.
@imthemac420 : We are spending 80%+ of GDP right now, and 100% by 2015 it's not like we have 50% to cut in half. In effect it's being cut by 80%! NOW. If you don't know the dollar has been devalued, our treasuries are being rated down. There is nothing you've said that isn't already happening due to Obamanomics & union butt raping America.
As to your remaining comments, I have no idea where they came from. Certainly not from anything I said. Go back to your UFO research, it suits you better
@MalletHed We are not spending 8 trillion dollars a year. I have no idea where you got that from. Maybe that our Debt-to-GDP ratio is around there? And those companies are still open, all because of TARP (Although tarp was a COUP D'TAT on the financial sector). We could've done better than TARP, too. Like seize under Chapter 11.
And my remaining comments are simply about how crazy it would be to expect a functioning economy when more than half your GDP is wiped away cuz a few banks closed.
@imthemac420 shmuck you let the WEAK fail,,you seen the gm bondholders and investors get wiped out for what??? TO SAVE THE UNION VOTES,,the govt has no biz in the clunker biz the auto biz and CERTAINLY NOT FRIGGIN HEALTHCARE..get real post office broke stamps going up..this thug in the white house cant even run a deli and the street knows it,,THATS WHY THERE WILL BE NO JOBS..OBAMA POLITICS AND THE UNCERTAINTITY IT BREEDS,,,have a nice day chumps you been conned by a muslim posing as an american
STEVE, you rotten liberal JACKASS---The Deficit and faultering economy comes from "FIGHTING USELESS CORPORATE LED WARS IN IRAQ AND AFGHANISTAN AND NOW PAKISTAN AND SPENDING THREE TRILLION DOLLARS DOING IT"
THE FAULTERING ECONOMY COMES FROM SENDING OUR INDUSTRY TO CHINA AND MEXICO, taking US jobs, us undustry, CURRECTLY WHIRRLPOPL is leaving everything for MEXICO"
OUR FAULTERING ECONOMY COMES FROM GOV.org INVASIVE POLITICS, TAXES, PRINTING MORE FRNS to give to their corrupt banking buddies!
Santelli has never done any honest work in his life. Corporate raiders are not productive citizens, they are destructive citizens, they destroy that which others created, they defraud people out of their livelihoods and pensions and the nation out of production. This man did the work of America's enemies before and if I was Osama bin Laden I'd send him some money right now.
brilliant santelli has never done an honest days work? you are an idiot..he takes more risk in 2 minutes than you do in a lifetime..if people arent ditch diggers they are not honest..stay out of the voting booth you doofus
It's very simple: Bankrupt current system while setting up its replacement.
Proven. Fact. Period. They don't even hide it anymore. They all say it. What they don't say is that they collapsed it on purpose. All they do is blame YOU for it.
I want you to point out specifics I'm typing and ask for evidence. So far you have not. Go for it. I can't spend all day giving links, so ask for specifics. Call me out and ask instead of just slinging insults. DO IT.
Oh WOW, you are an idiot! You're using infrastructure and defense projects (which is THE RESPONSIBILITY OF THE GOVERNMENT) as examples? SERIOUSLY? The power grid and defense? Wow!
You're holding up examples of WHAT THE GOVERNMENT IS SUPPOSED TO DO to bolster the notion of them nationalizing and taking over the entire country because THEY destroyed it on purpose? FOR THIS VERY REASON?
Bush's father was one of the architects of all of this. He's one of the first people to ever mention a "New World Order". Bush was just posing, as progressives do... just like McCain did. It was all a show. There's no way they couldn't have done more. Bush could have exposed the whole scam, but instead he just saved face for the history books.
"Ponder that for a while while adjusting your tinfoil hat."
You don't even understand the basics. You made a complete ass of yourself by proving you don't have a clue what Cap & Trade is, who designed it, what its purpose is, or how it will work. Somehow, you managed to take 10 trillion dollars a year and make it "no money".
Ponder than as you adjust the wool over your eyes. Idiot.
You need to learn who George Soros is, and what the Center for American Progress is, because that's who is controlling Obama. You can literally go to their website and read the policies they dictated days in advance of Obama announcing them. You can even see Obama asking for counsel.
George Soros. Co-architect of a "New World Order" with China as the leader. He says it all the time. He admits to needing the American economy destroyed in order to bring it about.
You brought up martial law and concentration camps not me, dumbass. Is that the only way you can "win" a debate? Bring up false arguments and attribute them to someone else in order to attack them? That is so weak!
You are so incredibly naïve. They are not talking about having "no money". They are talking about racking up debt and bringing in GLOBAL CARBON TAX that brings in TEN TRILLION A YEAR to fund GLOBAL GOVERNMENT.
Clinton, Bush, and Obama have pushed the deficit over the edge and racked up over 100 trillion in debt, and you still think they want to help the economy? They want to pass Cap & Trade which will redistribute America's wealth to the rest of the world, and you think they want to help the economy? They are offering tax incentives to leave America, and you think they want to help the economy?
Time to clue in, moron. They are collapsing it to REPLACE it.
Why do we all argue instead of work towards a common goal? gangs fight eachother instead of fighting police. Why dont we fight for what is good and right? Why don't we fight for the Government that we want? I voted although the ppl who really elect the president dont have to listen to me. I make attempts to do what I can. We all have to work together and make it happen. Where there's a will theres a way & there isn't enough politicians or money to stop the will of the people. The military is us
I dont C why every1 here has to argue and make jabs about race or a political party. The fact is that the Gov't./Corporations R screwing us w/o much penalty. $ speaks to everyone and thats why many are politicians. Tax cuts can cre8 jobs but All the stupid laws passed create more fines & take ppls time and $ & all have 2 pay tax 4 this. In 2 yrs I've seen 3 nice new jails being built each has lots of new seldomly used vehicles. Y can't my taxes be lower so I can get my own house and a newER car?
I can agree with that. Shouldn't it already be that way though? I mean, This government we have is supposed to be of the people for the people. Laws and such should apply equally to all CITIZENS (government included).
One other thing that would help is if some people actually PAID taxes!! They need to have a flat income tax rate, citizenship is not free......even if its 18% of the $100 you made, its only $18. They guy who make $200 pays 36%! Makes sense huh? No more free rides please!
When Reagan cut taxes the government actually took in more money because, more people had more money to be taxed the following years, not mention STOP SPENDING, fuck head retard liberal morons. the NBC scum know this they are just Propagandist Traitors, GE owns NBC and there invested in Cap$trade and other Obama policies so they wont admit there wrong even if you stuffed the graphs and spread sheets down there throuts, wich is a good idea
Cut Defense too, cut every program. Cut Mediscare, Social Security, defense, welfare, education, everything by the same percent until the budget's balanced. When it's balanced, then we can increase it as we grow.
The Government or politicians won't cut Medicare or Social Security, or Welfare because the one who proposes to do that wont get elected for taking something away. Those were put into action to help us recover from the Great Depression they weren't meant to completely support people but put in place to suppliment and help until the economy recovered. In politics/elections so far; the winners spend and the savers lose. People need to be more educated instead of wasting time and health by a TV set
Rick Santelli was a gangster back in the day, a corporate raider with the infamous Drexel Burnham Lambert. Their specialty was issuing "junk bonds" to buy stock, suck the company dry and sell the stocks when high. They would raid pensions and throw thousands of people out of work. The man has no soul.
Santelli was not a corporate raider. He was a futures and options derivatives trader at Drexel. You should check his bio before making incorrect accusations. Michael Milken was responsible for the Junk bond departments, he was barred from the securities industries and jailed. Drexel was dismantled.
Free market meant free of rents, free of tolls, free of the "free lunch" of interest payments. That's what Adam Smith had in mind. The financial sector is strangling the economy. Right now, it wants more and more and more. Government workers actually do something useful unlike currency speculators and hedge fund billionaires.
@lordhighexecutioner : it's probably waste of my time responding to libtards, but "free-market" means free of gov't intervention in economy - be it taxes, subsidies, bailouts, stimulus, tariffs and, of course, free of gov't in setting the interest rates, of which the Fed is in charge.
Gov't workers are useful (or maybe more useful than...)? Geez, I wonder which is worse, Stalin or Hitler?
@tooltalk You don't know your Adam Smith then. I pity you. Free market means free of unearned income that increases the cost of doing business. The financial sector takes a lot of that. Santelli was a corporate raider who floated junk bonds to seize companies, strip them and bankrupt them and leave the workers without jobs and without pensions.
@lordhighexecutioner That's because you don't realize speculation is a price discovery mechanism. Did you ever stop to wonder what would happen to a price if you took away the speculatory aspect? Did you ever stop to think, oh hey, maybe speculation was AN EFFECT OF A GRANDER SCHEME? Let's say you could not trade stocks more than once a week, what do you expect the stock market to do? Government workers cannot do anything useful because we don't even know if we NEED them.If we do it's luck.
For every $800 dollar toliet-seat the govt. wastes it money buying, there is an equally corrupt private company selling a toliet-seat for $800 dollars to the govt. While some in big-business will claim the govt is to blame for spending it should be understood that both big-business and big-govt. work hand and glove to rob the tax-payers/customers. Just look at the new insurance laws for proof.
All the arguements that can be used agianst high taxes should also be applied to high profits, as both taxes and profits are paid by the middle class workers and consumers. Why should the middle class care if they loose all the fruits of their labor to their bosses or wether it all goes to the govt., either way it end up in the same fat-cat's hands?
Proposed 28th Amendment to the United States Constitution -
"Congress shall make no law that applies to the citizens of the United States that does not apply equally to the Senators and/or Representatives; and, Congress shall make no law that applies to theSenators and/or Representatives that does not app...ly equally to the citizens of the United States ."
@benympls Actually it's closer to 100%. I assume you do pay your taxes don't you? That's working for your government as far as I'm concerned. Do you think you own your home? If you pay property taxes you are only a government renter. We live with the illusion of freedom.
@MsWanderer1 that was your original point, you said 40% pays for 60%, thats a VERY different statement & saying you have to pay taxes so their forth your working for the government is a very childish thing to say, reality is gray. Not black & white(except for child molesting, that IS black & white).
This was Great.Tax cuts work every time they are tried.Revenues always go up to the government. Problem is congress always spends faster than it comes in.
@benympls Tax cuts always creat Jobs. tax cuts gave us the prosperity of the 20's. Tax cuts under Reagan almost doubled revenue in 8 years he was President.George Bush Tax cuts gave government record revenue Up to April 15th 2008. Our enonomy crashed after Harry Reid, Nancy Pelosi and a democrat congress took over. Michigan has No Jobs High Taxes, Texas has low taxes and low unemployment.
Spread the wealth? spread your legs, bitch. Seriously you collectivist bitches are only complaining because you bitchs can't take care of your money. You want to destroy the entire United States, just cause your stupid. Maybe instead of getting the people who make like 200,000- to even like 2 million dollars a year, you should focus on getting the multi-billionaire elitists, like the Rockefellers and George Soros.
"The data shows that the tax cuts don't pay for themselves..."
Why _should_ a tax cut pay for itself? Does government exist solely to collect as much revenue as possible? If a tax cut results in a greater overall increase in wealth, isn't that reason enough?
The US can't and shouldn't be modeled after European countries like Norway and Denmark. If we broke up the US into dozens of small countries of ~5 million people each, sure some would look great on paper... but it'd not be replicable.
@benympls Tax cuts create jobs because the more money big business has the more they can hire. That can be proven. Not everyone wants government jobs because they have too much control and laws the prevent jobs from occurring. I do not want a government job because those jobs take away your freedoms left and right. (DEMAND does nothing to create jobs, MONEY DOES)
@wogdoggy Yes i did go to school & its OBVIOUS you didnt!!
not all demand is the same, you'll learn that in college economics, if 1 rich guy bought a car for 400k that does MUCH less for job creation than 20 cars sold at 20k.
while a 400k car sale will sitimulate the economy to a SMALL degree 20 cars sold at 20k stimulates the economy in much more meaningful way! The middle class is what creates demand in america & makes us the biggest economy NOT the upper class!
@benympls ,,depends on the profit margin if you sell 20 cars and make 1k each or sell one and make 50k what is better for the company? the more you sell the better off you are BUT private sectors CREATE jobs NOT OBAMA..
and btw when was the last time a POOR guy gave you a job? when the wealthy invests the economy recovers when the wealthy freeze up so does hiring..
the wealthy are too busy trying to figure out obamas tax implications ,,not being productive..
@wogdoggy Whuahahahahaha! Are you serious! You may want to re-read what you just wrote! Their are a lot of rich people who feel under taxed & if their was money to be made PEOPLE WOULD BE MAKING IT! Anything that Obama has proposed/done is so close to what the taxes were before that claim is absurd! The only reason commercial lots are empty is because consumer spending is down, if their was a demand for something... somebody would be selling it. You are a fool
@benympls moron the only "RICH" people that feel UNDERTAXED are your fruitcakes like warren buffet and your libtard hollywood gang who ALREADY have enough cake for 10 lifetimes..wtf do they care? higher taxes aint changing their lifestyle....take some time and google milton friedman and .you may learn something
@wogdoggy No you are VERY wrong, many rich people want to pay more to pay off the debt but dont want to fuelk the war. Your argument doesnt make sense because ted turner, buffet&Gates are MUCH more money motivated than you are they just have a sense of responsibilty. You are still can not back up your argument with any facts, when are tax codes were at their HIGHEST our country was THRIVING! i'm not saying their werent other factors but people didnt stop making money!
@benympls when the taxes are low and the BASE is big the COUNTRY IMPROVES..what obama is creating is a smaller tax base with higher taxes..now go get a freaking job.
@wogdoggy What your saying just ISN'T true! Rich people SAVE most of their money & the money DOES NOT get kicked back into the economy. Except for movie stars & rappers the rich will simply save the rest of their money & will do little to NOTHING to stimulate the economy! The middle class & strong consumer spending is what makes the US the biggest economy NOT the super rich!
@benympls the engine is the middle class but the designers are the rich..when was the last ime a poor guy gave you a job? when the rich do well they invest and become productive..when you tax the rich they become unproductive and defensive..wake up please..the liberals have bamboox=zled you into blaming the corporations and the rich when in fact without them we go nowhere,,as witnessed by obamanomics..uncertainty = inactivity..whats the tax implications for healthcrae tax and cap? do u know?
@wogdoggy Please wake up? please wake up? maybe you should take your own advice&quit judging society by catch phrases. I never said their should be NO rich people so dont put words in my mouth! 2nd you dont understand what job creation takes, nor do understand what modern finance looks like. Most fools are getting money on everything but classic investing&it has little effect on job creation. rich people cant just open a factory with no demand for the product, their needs to be a consumer demand
@benympls DUH uh yes,,,hopefully the rich didnt get that way by investing in buggy whips after the automobile was invented..you always need investment capital,and that doesnt come from the liberal on food stamps. later..as in MUCH
@wogdoggy 1)Yu say DUH as if demand will always be their? Society is a balancing act, their needs to be a high enough concentration of wealth for entrepreneurs to start business BUT wealth ALSO needs to be spread out enough so that their is DEMAND for new products/jobs! its a 2 way street! yu cant have 1 with out the other! saying liberals on food stamps is an absurd statement when my arguments were for the middle class&people on food stamps ARENT middle class! thats a WHOLE other discussion!
Henry Morgantau (FDR's Treasury Sec'y) testimony to House Ways & Means Committee in 1939: "We have tried spending money. We are spending more than we have ever spent before and it does not work. ...after 8 years of this administration we have just as much unemployment as when we started ...And enormous debt to boot!"
But THIS time, it'll work! So let's spend more than we can ever possibly pay back in our lifetimes and leave it to our kids and grandkids to worry about! Give me my handout!
@patriciaredstone we are trying to stop the wars, But north korea, iran, afganistan, and iraq, keep threatening to bomb us. Try telling them to STOP instead of the USA to stop.
@brontoe If we had put the same effort into drawing back nuclear proliferation instead of perpetuating it - we wouldn't need to worry so much about the Taliban and Al Quada.
Stop the wars.
Adopt a new non-empire foreign policy that is based on nuclear drawbacks, no nation building, no preemptive war, no wars for corporate interests - no blood for oil.
@patriciaredstone especially when you smoke the high level thc content..wake up kid its not a KUMBAYAH world and it NEVER will be..with all the hope dope obama can fill you with you'll never see real peace in the world as long as the muslim is intent on destroying God's people..reality bites doesnt it?
DId you even read what the other reply's what people said to you? Yes, i would love Peace. I couldn't agree more. But as long your peace loving continues to exist and stop us from having wars, the wars WOULD BE OVER SOONER. Liberals are the real problem keep holding back the wars, and look what happened, the MUSLIMS attacked us. We NEED wars, other wise our technology would not be advancing. It is really is a shame, But these muslims seems to think they are gods.
@patriciaredstone these wars are only a small part of our annual deficits, but please take up your concern over stopping the Afghan war with the Taliban. There is another side involved in this war, and surprisingly to people like you no doubt, a not very kind one
@RuflessRecords Why don't you take up your concerns with all the nations who have run their economies into bankruptcy because of their wars in Afghanistan.
@patriciaredstone LOL...name me a century that war has not existed on the planet! Have another cocktail. You might as well as scream stop drugs, prostitution, poverty, hunger, disease, death. STOP THE POVERTY!!!! agreed....STOP DRUGS!!!!...agreed STOP WARS!!!...uh, usually only with more war can you stop a war? :)
@ldksparda I'm Libertarian but Nice try though, Drinking oil is much better than drinking Obama's Kool-aid. As for the Gold joke, I hope to G-d when the dollar collapse ( and trust "history" it will) you will have some Gold you stupid communistic jackass. Enjoy living in your delusional filth.
The "benefit" of government spending must come from the detriment of extracting it from the private sector, the detriment of more enslavement of debt and its interest payments, and/or the detriment of destroying the value of money held through inflation PLUS the detriment of the malinvestment of the spending back into the private sector bundled with destruction of incentive and enabling of dependency. Meaning, there is NO net benefit to an economy by "government spending." Period.
1kings1918 3 weeks ago
Of all the financial reporters, Santelli possesses the worst cohesive thought stream. He jumps from one fact in Brazil to another in Germany, and a third in the Middle East, and a fourth in China, while being asked about a whale phenomena in Anchorage. Santelli, there is no correlation neither in subject nor in causality. He is like a broken browser jumbling news' sites, or bringing a "stick from every terrestrial valley to build a cottage in lake Laugai"
a3arar68 4 months ago
Why is it whenever Santelli says "stop spending" they hear "cut taxes"? What do tax cuts have to do with spending cuts?
DrCruel 5 months ago
If you want to know if the GOP presidential candidates are SERIOUS about cutting government spending, please go to the FoxNews / Google Republican Debate page and under the text questions category of "Govt. Spending & Budget" VOTE UP any questions about ELIMINATING BASELINE BUDGETING!
If you don't know what Baseline Budgeting is, do a YouTube search of it. If you don't like Rush Limbaugh, a few others such as Rand Paul explain what it is and why there will not be any REAL cuts until it ends.
MrConservative608 5 months ago
LOVE SANTELLI !! Steve Lisman complete loser !! He is the biggest frkn waste on cnbc.... typical left winbat looneybird !!!
Mastophales 6 months ago 2
I wish there were more people like Steve out there in places that influenced the sheeple.
Medic37dan 6 months ago
Government isn't the solution: government causes the problems...the government is best, which governs least-Thomas Jefferson. Better to take advice from Jefferson, Franklin,Patrick Henry and Ludwig von Mises, Friedrich Hayek, Milton Friedman and Thomas Sowell than the talking heads on the main stream media and the mostly bought and paid for politicians, and the banks and corporations which own them
ITILII 6 months ago
RICK KNEW a year ago...liberals suck ass
wogdoggy 6 months ago
Why the he'll don't we have this guy leading us? He basically just said " fuck your politics here's what's you politicians have been ignoring." and just taped it to a baseball bat with a "dare you to ignore it further" approach. I love this guy. He's stated everything the people of America have been trying to say for a very long time now.
FreonRose 6 months ago
Love that Rick Santelli!
souleverici 6 months ago 3
sad that everyone shouts at the sane one.
Is this the level of discussion now?
0MoTheG 7 months ago
Bald headed commie Obama asskisser!
wbradss 7 months ago
RICK I FUCKING LOVE YOU! Way to mention Austrian Economics
Steve can burn in hell.
timmymcdee7 7 months ago
November 2012 is coming...
miazagora 7 months ago
Everyone needs to keep track of Rick and see how damned right he is !!!
2011 July 17th, and Rick could not possibly be more right !!!
I wish to god that Rick gets selected as financial adviser in the white house for the next president - and that WONT be Obama !!!
jabberwolf 7 months ago
Let's put this man in the White House.
KiloByte69 7 months ago 2
This has been flagged as spam show
pure genius: defraud investors and pensioners at the expense of the future ability of firefighters and teachers to be able to feed themselves, get a slap on the wrist from the SEC, enjoy a flood of risk-free cash from the fed with taxpayers on the hook for any losses, and laugh all the way to the bank at us mere mortals and "bolsheviks" while state governments across the nation scramble to auction off their infastructure to the private sector.
enjoy those extended tax breaks. you earned them
eulogyforanelephant 8 months ago
Seriously, if you know that you are in outstanding debt, I don't know how you could even sleep at night. Why would you keep borrowing and spending? The dollar now worth a penny.
RulerOFmany 10 months ago
This is hilarious! I love Santelli
emilyekins 1 year ago 2
STOP SPENDING!! STOP SPENDING!!!!.... *nods and smiles*
LOL
Anklusmos 1 year ago 3
I think Rick is trying to say something!
SillyHatVideos 1 year ago
why don't the people demand congress not spend so much? people care more about american idol than their government's actions with their confiscated money. I DON'T GET IT.
milkmandan77 1 year ago
Rick Santelli is the greatest : ) He should run as vice president with Newt Gingrich against obailout. Would be a landslide victory lol The campaign slogan could be "IT'S THE SPENDING STUPID!"
seuin6 1 year ago
@seuin6 Is it possible that people are really as stupid as you? "Obailout"? George W Bush BAILED OUT the banks, moron! While Scum-of-the-Earth like Rick Santelli RECEIVED MILLIONS IN BAILOUT MONEY!
Bush/Cheney SOLD OUT AMERICA - GIVING TRILLIONS TO THE BANKERS WHO SCREWED THIS NATION INTO THE GROUND. So, who do righwingers blame for the fleecing of America? The guys who did it? NO! The black guy who INHERITED BUSH'S BANK BAILOUT!
If rightwingers were any dumber they'd forget to breath!
HNK222 1 year ago
@HNK222 lol mad because your "god" turned out to be a theocratic corporatist? Don't like it when I point it out. Gotta resort to a racial guilt trip to "win" your point? Obailout is a crook and you know it quit defending him because of his race. Now back to the core tis true B/C did what you said. Obailout is doing it exponentially more no matter who writes his speeches. No more excuses for obailout and not another 4 years either. To obailout "IT's THE SPENDING STUPID!"
seuin6 1 year ago
THREE WORDS: Paradox Of Thrift. For the most part, spending is a good thing.
pipebillys 1 year ago
@pipebillys What happens when you run out of money?
Vunks2000 1 year ago
@Vunks2000 Money is a renewable resource.
pipebillys 1 year ago
@pipebillys Our fiat money is, yes. But production is a different story. Production takes real resources and takes time. Savings allow you to increase production. Think of a guy with a fishing rod, and wants to catch more fish. Well, he should build a fishing net. But, he needs a stockpile of fish aka savings to sustain him while he builds the net. There's a big difference between genuine savings/underconsumption and just increasing money supply.
regisHCnyc87 1 year ago
@regisHCnyc87 But consider- if everybody saved money and refused to spend. That wouldn't be good at all, will it?
pipebillys 1 year ago
@pipebillys That wouldn't happen, though. The end of all production is to consume. Interest rates are supposed to structure production across time, so some resources are directed towards producing stuff that gets consumed right away while other resources are directed towards expanding productive capacity, leading to increased consumption in the future. Roger Garrison actually has a good acronym to replace "saving", it should be SUFS (saving up for something).
regisHCnyc87 1 year ago
@regisHCnyc87 Right... tell that to the investors that yank their shares when there's so much as a natural disaster.
pipebillys 1 year ago
@pipebillys Your example actually makes the case for savings. Not only do savings lead to capital investment, it’s also what you need to repair the damage caused by a natural catastrophe (as someone who works in Nat Cat modeling, this is exactly why people buy property insurance, to spread the risk and gain access to savings that help them repair the damage and also be covered for the business interruption that resulted). Everybody should have something “saved for a rainy day”.
regisHCnyc87 1 year ago
@regisHCnyc87 Shit, but we all know people pool shit up in times of trouble. Isn't that what initially causes a recession? The vacuum of aggregate demand? We'd rather a moderate level of inflation and keep producing at optimal employment.
pipebillys 1 year ago
@pipebillys Recessions are the cure for the diseases that governments and Central Banks infect us with. When they create too much money, keep interest rates artificially low, they cause resources to go in the wrong directions. The recession isn't enjoyable, no doubt about it. But, the longer you try to push off the day of reckoning, the worse you make it. You are much better off letting resources get reallocated as quickly as possible rather than delay it.
regisHCnyc87 1 year ago 3
@pipebillys The PEOPLE don't cause a recession by hoarding money - that's a myth. GOVERNMENTS cause recessions. Government needs to set the markets free and stop trying to micromanage. But they won't, because they buy votes from one group of people with tax dollars confiscated from another group of people - that way they get re-elected. If people would read the Constitution and see what the role of government is and IS NOT, we would all be better off.
miazagora 7 months ago
@miazagora History has shown otherwise.
pipebillys 7 months ago
Rick Santelli speaks the truth...you got to love him.
jwv651 1 year ago 25
No one is arguing where 35 or 39 percent marginal tax rate for the top 2% earners in the US falls on the laugher curve, Steve. They are arguing that the government is a less efficient way to create growth and wealth so the government should be shrinking in scope, not growing. the keynesian multiplier is a myth and and always has been.
Duds47 1 year ago
But . . . but . . . but HOW will we keep the Messiah's Dream alive if we do that??? How will that wonderful organization ACORN be able to recruit more illiterates to scoop up voters like Mickey Mouse and the dead people in Chicago?? Gosh, wouldn't it be Just Awful if we didn't have another Coronation of Wonderfulness that the ladies on The View could get a tingle up their legs from?? What does The Paper of Record, the New York Times, think about all this?????
greengringo2003 1 year ago
google "the food bubble" Wall Street only cares about sucking the wealth from the rest of us. Roll back the Reagan tax cuts for the wealthy and the corporations and see the middle class prosper once again
lisabob22 1 year ago
Stop Spending!! My thoughts exactly. Lets stop spending my on our taxes.
ultrafamousgirl 1 year ago
Interesting. Rick Santelli gives a shout out to Austrians. I never thought I see the day. Times are definitely changing.
thomasst2 1 year ago
@markdart123 please,,you are an idiot..still thinks bush is a spender compared to obama..don't breed whatever the hell you do
wogdoggy 1 year ago
@wogdoggy 2)The rich didnt get rich investing buggies? Do you even know history or economic policy? No! Henry Ford was a PROGRESSIVE!!! and all the other conservatives HATED him at the time! and used congress to try to block him! Ford was in favor of an ALL hemp car(he built the model T in hemp form&oil)but the oil barrons that ran congress MADE him use the oil version! its wasnt the "free market at work" it was the powerful monopolies FORCING their will on other business men, just like today!
benympls 1 year ago
rick santelli for president!!
flowerpower6161 1 year ago
mayor friggin daley's popularity dropping big..RICK FOR MAYOR..lol
watch out dummcrats you may have to get off your asses and get real jobs soon..could you imagine that? ..lol
wogdoggy 1 year ago
peter schiff was right
steve is a dickhead
bigdjangoboss 1 year ago
@markdart123
what does the private sector have to do with it.? please you are showing your STUPIDITY the private sector doesnt spend OUR TAX DOLLARS,,typical libtard who is indoctrinated to think capitalism and profits are the "problem" the freaking PROBLEM is the GOVT who spends OUR MONEY..wake up doofus get your head out of your ass whne making statements about the private sector..dumbass
wogdoggy 1 year ago
@markdart123 dickweed,,obama has spent 5 times more than BUSH while riding around in a golf cart..NIGGAH PLEASE!! save it for the dumbass liberals who buy into that bull cr@p
wogdoggy 1 year ago
SANTELLI IS RIGHT!!!!!!
HAYEK WAS RIGHT!!!!!!
THE FED GOV IS WRONG!!!!!!
KEYNES WAS WRONG!!!!!
icegryphon 1 year ago
RICK HAS IT RIGHT ... YOU IDIOTS IN OFFICE WHO ARE SPENDING WITH NO CONSTRAINT ARE THE PROBLEM!
ben5017 1 year ago 2
sell Hawaii to the chinese for $1,000,000,000,000,000,000,000.00
watersings 1 year ago
Does he want to stop spending? I can't tell.
friedie1jeff 1 year ago
Are we all government employees yet?
newyorkcat 1 year ago
@newyorkcat
if you have a social security card, you are.
dayvidiot 1 year ago
What Mr. Santelli did not reply to Steve's comment, "Tax cuts don't pay for themselves" is that tax cuts include cutting the government. The government is TOO BIG! And since Barack Husane Obama has taken office it's grown tremendously. It's so simple...cut taxes and cut spending. If businesses large and small feel comfortable that the government is not going to steal more of their money, they will begin to expand and HIRE workers.
TheVegasPatriot 1 year ago 2
@TheVegasPatriot
I totally agree with you. It is basic stuff.
tixilix72 1 year ago
the dummycrats are going to get their ASS kicked in 2010,,then OBAMA goes in 2012..no REAL AMERICAN with a sense of work ethics will vote for this..OBAMA CONNED YOU..remeber if you make less than 250K your taxes WILL NOT GO UP..LOL..wait dummies,,you voted for the BIGGEST AMERICAN hating CON ARTIST EVER..REMOVE OBAMA IN 2012
wogdoggy 1 year ago
Umm, is this news, or entertainment?
photojimsf 1 year ago
@photojimsf The mainstream media is nothing BUT entertainment! They lost their credibility a long long time ago!
Santelli is a HERO!
jono032954 1 year ago
@jono032954 The "mainstream media" can't lose something it never had!
ttt8699 1 year ago
@jono032954 You are so right. The mainstream media is nothing more than CRAP!
TheVegasPatriot 1 year ago
@fel121 : Dear poor dumb liberal. 1) you do not put the people, frank and dodd, who caused the mess in charge of fixing it. 2) you let these firms fail, you let states fail, ie, you let public service unions butt raping taxpayers fail. 3) you don't increase your debt 3x's over based on a stupid belief it's getting you out of debt. 4) you cut taxes. Plz respond with ideas of your own, no leftwing talking points, no Pelosi/Reid spew. Of course you won't be able to do it, but thanks for playing.
MalletHed 1 year ago 2
@MalletHed Ya, you just let everything fail, let our GDP get cut in half, let our treasuries be rated down into oblivion, let it be impossible to get any food shipped across state lines, let half the utility companies shut down, let the lockheed and northrop shut down so the logistics in Afghan/Iraq are ruined, let a state of emergency be declared, and let the secret military have martial law. Then, when we have no money and no confidence, we'll just up and start our economy again. Get real.
imthemac420 1 year ago
@imthemac420 : We are spending 80%+ of GDP right now, and 100% by 2015 it's not like we have 50% to cut in half. In effect it's being cut by 80%! NOW. If you don't know the dollar has been devalued, our treasuries are being rated down. There is nothing you've said that isn't already happening due to Obamanomics & union butt raping America.
As to your remaining comments, I have no idea where they came from. Certainly not from anything I said. Go back to your UFO research, it suits you better
MalletHed 1 year ago
@MalletHed We are not spending 8 trillion dollars a year. I have no idea where you got that from. Maybe that our Debt-to-GDP ratio is around there? And those companies are still open, all because of TARP (Although tarp was a COUP D'TAT on the financial sector). We could've done better than TARP, too. Like seize under Chapter 11.
And my remaining comments are simply about how crazy it would be to expect a functioning economy when more than half your GDP is wiped away cuz a few banks closed.
imthemac420 1 year ago
@imthemac420 shmuck you let the WEAK fail,,you seen the gm bondholders and investors get wiped out for what??? TO SAVE THE UNION VOTES,,the govt has no biz in the clunker biz the auto biz and CERTAINLY NOT FRIGGIN HEALTHCARE..get real post office broke stamps going up..this thug in the white house cant even run a deli and the street knows it,,THATS WHY THERE WILL BE NO JOBS..OBAMA POLITICS AND THE UNCERTAINTITY IT BREEDS,,,have a nice day chumps you been conned by a muslim posing as an american
wogdoggy 1 year ago
STEVE, you rotten liberal JACKASS---The Deficit and faultering economy comes from "FIGHTING USELESS CORPORATE LED WARS IN IRAQ AND AFGHANISTAN AND NOW PAKISTAN AND SPENDING THREE TRILLION DOLLARS DOING IT"
THE FAULTERING ECONOMY COMES FROM SENDING OUR INDUSTRY TO CHINA AND MEXICO, taking US jobs, us undustry, CURRECTLY WHIRRLPOPL is leaving everything for MEXICO"
OUR FAULTERING ECONOMY COMES FROM GOV.org INVASIVE POLITICS, TAXES, PRINTING MORE FRNS to give to their corrupt banking buddies!
tgvas 1 year ago
GOD Bless RIck Santelli, the only man in Media who really tells it like it is!
tgvas 1 year ago
Santelli has never done any honest work in his life. Corporate raiders are not productive citizens, they are destructive citizens, they destroy that which others created, they defraud people out of their livelihoods and pensions and the nation out of production. This man did the work of America's enemies before and if I was Osama bin Laden I'd send him some money right now.
lordhighexecutioner 1 year ago
@lordhighexecutioner
brilliant santelli has never done an honest days work? you are an idiot..he takes more risk in 2 minutes than you do in a lifetime..if people arent ditch diggers they are not honest..stay out of the voting booth you doofus
wogdoggy 1 year ago
Its easy to stop government spending, just END THE FUCKING FEDERAL RESERVE ALREADY!!!!!
zxcv73 1 year ago
The government spends $98,000 per second. Check out SpendingRevolt
SpendingRevolt 1 year ago
@FuckYourOpinions
And one of the waivers- a huge safety risk- was given in 5 minutes.
N37BU6 1 year ago
@FuckYourOpinions
Lol, nice name... that's just my opinion, of course. ;)
Surreal isn't it? This guy is fucking CLUELESS!
N37BU6 1 year ago
@mhirtes12
It's very simple: Bankrupt current system while setting up its replacement.
Proven. Fact. Period. They don't even hide it anymore. They all say it. What they don't say is that they collapsed it on purpose. All they do is blame YOU for it.
N37BU6 1 year ago
@mhirtes12
WATCH AND LEARN:
watch?v=_CWBTL33MpA
watch?v=ldOpp7O40jA
watch?v=TOjckJWqb0A
watch?v=0lsltxgrr_o
watch?v=Uv5cqh26CC0
watch?v=QEqFtVrAgSo
watch?v=q9-Osx8H-s0
N37BU6 1 year ago
@mhirtes12
"Why are you defnding rich people?"
Ironic coming from someone who is defending George Soros.
N37BU6 1 year ago
@mhirtes12
I want you to point out specifics I'm typing and ask for evidence. So far you have not. Go for it. I can't spend all day giving links, so ask for specifics. Call me out and ask instead of just slinging insults. DO IT.
N37BU6 1 year ago
@mhirtes12
Oh WOW, you are an idiot! You're using infrastructure and defense projects (which is THE RESPONSIBILITY OF THE GOVERNMENT) as examples? SERIOUSLY? The power grid and defense? Wow!
You're holding up examples of WHAT THE GOVERNMENT IS SUPPOSED TO DO to bolster the notion of them nationalizing and taking over the entire country because THEY destroyed it on purpose? FOR THIS VERY REASON?
You're really amazing.
N37BU6 1 year ago
@sashamanda1
Bush's father was one of the architects of all of this. He's one of the first people to ever mention a "New World Order". Bush was just posing, as progressives do... just like McCain did. It was all a show. There's no way they couldn't have done more. Bush could have exposed the whole scam, but instead he just saved face for the history books.
This goes back much farther than Obama.
N37BU6 1 year ago
@mhirtes12
"Ponder that for a while while adjusting your tinfoil hat."
You don't even understand the basics. You made a complete ass of yourself by proving you don't have a clue what Cap & Trade is, who designed it, what its purpose is, or how it will work. Somehow, you managed to take 10 trillion dollars a year and make it "no money".
Ponder than as you adjust the wool over your eyes. Idiot.
N37BU6 1 year ago
@mhirtes12
"Okay, now you're actually defending billionaires and corporations"
You mean like George Soros, General Electric, Shore Bank, Beyond Petroleum, Petrobras, Exxon-Mobil, Fannie Mae, Shore Bank, World Bank, IMF?
If only you knew how idiotic you are...
N37BU6 1 year ago
@mhirtes12
This is where I call you out and ask you to give specifics on how this man "caused damage" to America. Lol.
This statement alone proves you're utterly clueless. You don't even know who this man is. Lol. He has no power, you idiot.
Would you like me to set aside a place where we can have a debate? Just ask.
N37BU6 1 year ago
@mhirtes12
You need to learn who George Soros is, and what the Center for American Progress is, because that's who is controlling Obama. You can literally go to their website and read the policies they dictated days in advance of Obama announcing them. You can even see Obama asking for counsel.
George Soros. Co-architect of a "New World Order" with China as the leader. He says it all the time. He admits to needing the American economy destroyed in order to bring it about.
You're stuck in 1996
N37BU6 1 year ago
@mhirtes12
You brought up martial law and concentration camps not me, dumbass. Is that the only way you can "win" a debate? Bring up false arguments and attribute them to someone else in order to attack them? That is so weak!
You are so incredibly naïve. They are not talking about having "no money". They are talking about racking up debt and bringing in GLOBAL CARBON TAX that brings in TEN TRILLION A YEAR to fund GLOBAL GOVERNMENT.
You still think it's a conspiracy theory?! WOW.
N37BU6 1 year ago
@mhirtes12
Clinton, Bush, and Obama have pushed the deficit over the edge and racked up over 100 trillion in debt, and you still think they want to help the economy? They want to pass Cap & Trade which will redistribute America's wealth to the rest of the world, and you think they want to help the economy? They are offering tax incentives to leave America, and you think they want to help the economy?
Time to clue in, moron. They are collapsing it to REPLACE it.
N37BU6 1 year ago
WE THE PEOPLE! (Not "us" and "them")
dk4130bmx 1 year ago
Why do we all argue instead of work towards a common goal? gangs fight eachother instead of fighting police. Why dont we fight for what is good and right? Why don't we fight for the Government that we want? I voted although the ppl who really elect the president dont have to listen to me. I make attempts to do what I can. We all have to work together and make it happen. Where there's a will theres a way & there isn't enough politicians or money to stop the will of the people. The military is us
dk4130bmx 1 year ago
I dont C why every1 here has to argue and make jabs about race or a political party. The fact is that the Gov't./Corporations R screwing us w/o much penalty. $ speaks to everyone and thats why many are politicians. Tax cuts can cre8 jobs but All the stupid laws passed create more fines & take ppls time and $ & all have 2 pay tax 4 this. In 2 yrs I've seen 3 nice new jails being built each has lots of new seldomly used vehicles. Y can't my taxes be lower so I can get my own house and a newER car?
dk4130bmx 1 year ago
I can agree with that. Shouldn't it already be that way though? I mean, This government we have is supposed to be of the people for the people. Laws and such should apply equally to all CITIZENS (government included).
dk4130bmx 1 year ago
One other thing that would help is if some people actually PAID taxes!! They need to have a flat income tax rate, citizenship is not free......even if its 18% of the $100 you made, its only $18. They guy who make $200 pays 36%! Makes sense huh? No more free rides please!
Zoklor 1 year ago
@Zoklor I second the motion
RuflessRecords 1 year ago
When Reagan cut taxes the government actually took in more money because, more people had more money to be taxed the following years, not mention STOP SPENDING, fuck head retard liberal morons. the NBC scum know this they are just Propagandist Traitors, GE owns NBC and there invested in Cap$trade and other Obama policies so they wont admit there wrong even if you stuffed the graphs and spread sheets down there throuts, wich is a good idea
theygunaHATEME 1 year ago
Stop giving money to the reservations that just drink their life away. (spokane indian reservation)
ace872000 1 year ago
more on this video at points and figures dot com /2010/06/28/cnbc-this-morning-monday-june-28/
pittrader1988 1 year ago
Viva Santelli!
Cut Defense too, cut every program. Cut Mediscare, Social Security, defense, welfare, education, everything by the same percent until the budget's balanced. When it's balanced, then we can increase it as we grow.
RuflessRecords 1 year ago
The Government or politicians won't cut Medicare or Social Security, or Welfare because the one who proposes to do that wont get elected for taking something away. Those were put into action to help us recover from the Great Depression they weren't meant to completely support people but put in place to suppliment and help until the economy recovered. In politics/elections so far; the winners spend and the savers lose. People need to be more educated instead of wasting time and health by a TV set
dk4130bmx 1 year ago
Rick Santelli was a gangster back in the day, a corporate raider with the infamous Drexel Burnham Lambert. Their specialty was issuing "junk bonds" to buy stock, suck the company dry and sell the stocks when high. They would raid pensions and throw thousands of people out of work. The man has no soul.
lordhighexecutioner 1 year ago
@lordhighexecutioner
please rick actua;;y took pride in passing out the pink stubs?
cant we just blame bush instead i mean really get your priorities straight,,FIRST blame bush ten WALL STREET
wogdoggy 1 year ago
@lordhighexecutioner
Santelli was not a corporate raider. He was a futures and options derivatives trader at Drexel. You should check his bio before making incorrect accusations. Michael Milken was responsible for the Junk bond departments, he was barred from the securities industries and jailed. Drexel was dismantled.
tixilix72 1 year ago
Free market meant free of rents, free of tolls, free of the "free lunch" of interest payments. That's what Adam Smith had in mind. The financial sector is strangling the economy. Right now, it wants more and more and more. Government workers actually do something useful unlike currency speculators and hedge fund billionaires.
lordhighexecutioner 1 year ago 3
@lordhighexecutioner : it's probably waste of my time responding to libtards, but "free-market" means free of gov't intervention in economy - be it taxes, subsidies, bailouts, stimulus, tariffs and, of course, free of gov't in setting the interest rates, of which the Fed is in charge.
Gov't workers are useful (or maybe more useful than...)? Geez, I wonder which is worse, Stalin or Hitler?
tooltalk 1 year ago
@tooltalk You don't know your Adam Smith then. I pity you. Free market means free of unearned income that increases the cost of doing business. The financial sector takes a lot of that. Santelli was a corporate raider who floated junk bonds to seize companies, strip them and bankrupt them and leave the workers without jobs and without pensions.
lordhighexecutioner 1 year ago
@lordhighexecutioner That's because you don't realize speculation is a price discovery mechanism. Did you ever stop to wonder what would happen to a price if you took away the speculatory aspect? Did you ever stop to think, oh hey, maybe speculation was AN EFFECT OF A GRANDER SCHEME? Let's say you could not trade stocks more than once a week, what do you expect the stock market to do? Government workers cannot do anything useful because we don't even know if we NEED them.If we do it's luck.
ExquisiteDoom 1 year ago
For every $800 dollar toliet-seat the govt. wastes it money buying, there is an equally corrupt private company selling a toliet-seat for $800 dollars to the govt. While some in big-business will claim the govt is to blame for spending it should be understood that both big-business and big-govt. work hand and glove to rob the tax-payers/customers. Just look at the new insurance laws for proof.
dlucas90 1 year ago
Stop spending? Too late..damage done. :( Great speech though by Mr. Santelli.
doc7474 1 year ago
All the arguements that can be used agianst high taxes should also be applied to high profits, as both taxes and profits are paid by the middle class workers and consumers. Why should the middle class care if they loose all the fruits of their labor to their bosses or wether it all goes to the govt., either way it end up in the same fat-cat's hands?
dlucas90 1 year ago
Proposed 28th Amendment to the United States Constitution -
"Congress shall make no law that applies to the citizens of the United States that does not apply equally to the Senators and/or Representatives; and, Congress shall make no law that applies to theSenators and/or Representatives that does not app...ly equally to the citizens of the United States ."
TookeysMum 1 year ago
@TookeysMum You mean this is supposed to be a nation of laws, not of men? Wow, I learn something new every day!(jk)
dlucas90 1 year ago
@dlucas90 Now the peeps in government need a reminder! lol
TookeysMum 1 year ago
Stop the war, Stop the welfare, stop hiring imported workers from Mexico. Stop Spending!
gyrate4 1 year ago
The 40% of people with real jobs cannot afford to pay the salaries and ridiculous benefit packages of the 60% government employees!
MsWanderer1 1 year ago
@MsWanderer1 60% of the country is employed by the government?
benympls 1 year ago
@benympls Actually it's closer to 100%. I assume you do pay your taxes don't you? That's working for your government as far as I'm concerned. Do you think you own your home? If you pay property taxes you are only a government renter. We live with the illusion of freedom.
MsWanderer1 1 year ago 4
@MsWanderer1 that was your original point, you said 40% pays for 60%, thats a VERY different statement & saying you have to pay taxes so their forth your working for the government is a very childish thing to say, reality is gray. Not black & white(except for child molesting, that IS black & white).
benympls 1 year ago
@MsWanderer1 well said!
tgvas 1 year ago
This was Great.Tax cuts work every time they are tried.Revenues always go up to the government. Problem is congress always spends faster than it comes in.
papa04john 1 year ago
@papa04john tax cuts do not create jobs! Only DEMAND creates jobs.
benympls 1 year ago
@benympls Tax cuts always creat Jobs. tax cuts gave us the prosperity of the 20's. Tax cuts under Reagan almost doubled revenue in 8 years he was President.George Bush Tax cuts gave government record revenue Up to April 15th 2008. Our enonomy crashed after Harry Reid, Nancy Pelosi and a democrat congress took over. Michigan has No Jobs High Taxes, Texas has low taxes and low unemployment.
papa04john 1 year ago
Welcome to shouting class.
xilliah 1 year ago
Spread the wealth? spread your legs, bitch. Seriously you collectivist bitches are only complaining because you bitchs can't take care of your money. You want to destroy the entire United States, just cause your stupid. Maybe instead of getting the people who make like 200,000- to even like 2 million dollars a year, you should focus on getting the multi-billionaire elitists, like the Rockefellers and George Soros.
WolfSaviorZX 1 year ago
"The data shows that the tax cuts don't pay for themselves..."
Why _should_ a tax cut pay for itself? Does government exist solely to collect as much revenue as possible? If a tax cut results in a greater overall increase in wealth, isn't that reason enough?
The US can't and shouldn't be modeled after European countries like Norway and Denmark. If we broke up the US into dozens of small countries of ~5 million people each, sure some would look great on paper... but it'd not be replicable.
siclos 1 year ago
@siclos tax cuts DO NOT create jobs! they will get the rich richer but it will not create jobs. Only DEMAND creates jobs.
benympls 1 year ago
@benympls Tax cuts create jobs because the more money big business has the more they can hire. That can be proven. Not everyone wants government jobs because they have too much control and laws the prevent jobs from occurring. I do not want a government job because those jobs take away your freedoms left and right. (DEMAND does nothing to create jobs, MONEY DOES)
brontoe 1 year ago
@benympls and when people have MORE MONEY THAT CREATES DEMAND..dgo to school you moron libtard
wogdoggy 1 year ago
@wogdoggy Yes i did go to school & its OBVIOUS you didnt!!
not all demand is the same, you'll learn that in college economics, if 1 rich guy bought a car for 400k that does MUCH less for job creation than 20 cars sold at 20k.
while a 400k car sale will sitimulate the economy to a SMALL degree 20 cars sold at 20k stimulates the economy in much more meaningful way! The middle class is what creates demand in america & makes us the biggest economy NOT the upper class!
benympls 1 year ago
@benympls ,,depends on the profit margin if you sell 20 cars and make 1k each or sell one and make 50k what is better for the company? the more you sell the better off you are BUT private sectors CREATE jobs NOT OBAMA..
and btw when was the last time a POOR guy gave you a job? when the wealthy invests the economy recovers when the wealthy freeze up so does hiring..
the wealthy are too busy trying to figure out obamas tax implications ,,not being productive..
try taking some real courses
wogdoggy 1 year ago
@wogdoggy Whuahahahahaha! Are you serious! You may want to re-read what you just wrote! Their are a lot of rich people who feel under taxed & if their was money to be made PEOPLE WOULD BE MAKING IT! Anything that Obama has proposed/done is so close to what the taxes were before that claim is absurd! The only reason commercial lots are empty is because consumer spending is down, if their was a demand for something... somebody would be selling it. You are a fool
benympls 1 year ago
@benympls moron the only "RICH" people that feel UNDERTAXED are your fruitcakes like warren buffet and your libtard hollywood gang who ALREADY have enough cake for 10 lifetimes..wtf do they care? higher taxes aint changing their lifestyle....take some time and google milton friedman and .you may learn something
wogdoggy 1 year ago
@wogdoggy No you are VERY wrong, many rich people want to pay more to pay off the debt but dont want to fuelk the war. Your argument doesnt make sense because ted turner, buffet&Gates are MUCH more money motivated than you are they just have a sense of responsibilty. You are still can not back up your argument with any facts, when are tax codes were at their HIGHEST our country was THRIVING! i'm not saying their werent other factors but people didnt stop making money!
benympls 1 year ago
@benympls when the taxes are low and the BASE is big the COUNTRY IMPROVES..what obama is creating is a smaller tax base with higher taxes..now go get a freaking job.
wogdoggy 1 year ago
@wogdoggy What your saying just ISN'T true! Rich people SAVE most of their money & the money DOES NOT get kicked back into the economy. Except for movie stars & rappers the rich will simply save the rest of their money & will do little to NOTHING to stimulate the economy! The middle class & strong consumer spending is what makes the US the biggest economy NOT the super rich!
benympls 1 year ago
@benympls the engine is the middle class but the designers are the rich..when was the last ime a poor guy gave you a job? when the rich do well they invest and become productive..when you tax the rich they become unproductive and defensive..wake up please..the liberals have bamboox=zled you into blaming the corporations and the rich when in fact without them we go nowhere,,as witnessed by obamanomics..uncertainty = inactivity..whats the tax implications for healthcrae tax and cap? do u know?
wogdoggy 1 year ago
@wogdoggy Please wake up? please wake up? maybe you should take your own advice&quit judging society by catch phrases. I never said their should be NO rich people so dont put words in my mouth! 2nd you dont understand what job creation takes, nor do understand what modern finance looks like. Most fools are getting money on everything but classic investing&it has little effect on job creation. rich people cant just open a factory with no demand for the product, their needs to be a consumer demand
benympls 1 year ago
@benympls DUH uh yes,,,hopefully the rich didnt get that way by investing in buggy whips after the automobile was invented..you always need investment capital,and that doesnt come from the liberal on food stamps. later..as in MUCH
wogdoggy 1 year ago
@wogdoggy 1)Yu say DUH as if demand will always be their? Society is a balancing act, their needs to be a high enough concentration of wealth for entrepreneurs to start business BUT wealth ALSO needs to be spread out enough so that their is DEMAND for new products/jobs! its a 2 way street! yu cant have 1 with out the other! saying liberals on food stamps is an absurd statement when my arguments were for the middle class&people on food stamps ARENT middle class! thats a WHOLE other discussion!
benympls 1 year ago
@benympls Just lie back, close your eyes, and concentrate on the words "PRUDENT INVESTMENT."
greengringo2003 1 year ago
Henry Morgantau (FDR's Treasury Sec'y) testimony to House Ways & Means Committee in 1939: "We have tried spending money. We are spending more than we have ever spent before and it does not work. ...after 8 years of this administration we have just as much unemployment as when we started ...And enormous debt to boot!"
But THIS time, it'll work! So let's spend more than we can ever possibly pay back in our lifetimes and leave it to our kids and grandkids to worry about! Give me my handout!
SDono 1 year ago
STOP the wars stop the wars stop the wars stop the wars stop the wars stop THE WARS!
patriciaredstone 1 year ago 7
@patriciaredstone agreed!
traynickel 1 year ago 3
@patriciaredstone we are trying to stop the wars, But north korea, iran, afganistan, and iraq, keep threatening to bomb us. Try telling them to STOP instead of the USA to stop.
brontoe 1 year ago
@brontoe If we had put the same effort into drawing back nuclear proliferation instead of perpetuating it - we wouldn't need to worry so much about the Taliban and Al Quada.
Stop the wars.
Adopt a new non-empire foreign policy that is based on nuclear drawbacks, no nation building, no preemptive war, no wars for corporate interests - no blood for oil.
Allow the nation to enter into adulthood.
Peace.
I like the sound of that.
patriciaredstone 1 year ago
@patriciaredstone especially when you smoke the high level thc content..wake up kid its not a KUMBAYAH world and it NEVER will be..with all the hope dope obama can fill you with you'll never see real peace in the world as long as the muslim is intent on destroying God's people..reality bites doesnt it?
wogdoggy 1 year ago
@patriciaredstone
DId you even read what the other reply's what people said to you? Yes, i would love Peace. I couldn't agree more. But as long your peace loving continues to exist and stop us from having wars, the wars WOULD BE OVER SOONER. Liberals are the real problem keep holding back the wars, and look what happened, the MUSLIMS attacked us. We NEED wars, other wise our technology would not be advancing. It is really is a shame, But these muslims seems to think they are gods.
brontoe 1 year ago
@patriciaredstone tell it to the Taliban
RuflessRecords 1 year ago
@RuflessRecords Tell it to China - Because these wars are selling them your arse, your children's arses and your little dog Toto's too.
patriciaredstone 1 year ago
@patriciaredstone these wars are only a small part of our annual deficits, but please take up your concern over stopping the Afghan war with the Taliban. There is another side involved in this war, and surprisingly to people like you no doubt, a not very kind one
RuflessRecords 1 year ago
@RuflessRecords Why don't you take up your concerns with all the nations who have run their economies into bankruptcy because of their wars in Afghanistan.
patriciaredstone 1 year ago
@patriciaredstone sorry the war is a small percentage of the actual GDP...its not the war its the OBAMA thats the real "deficit"
wogdoggy 1 year ago
@patriciaredstone LOL...name me a century that war has not existed on the planet! Have another cocktail. You might as well as scream stop drugs, prostitution, poverty, hunger, disease, death. STOP THE POVERTY!!!! agreed....STOP DRUGS!!!!...agreed STOP WARS!!!...uh, usually only with more war can you stop a war? :)
STILLNAKEDBULLWINKLE 1 year ago
stop yelling stop yelling stop yelling
STOP YELLING!
ImTheSolace1 1 year ago
Spread the wealth you rich bastards.
ldksparda 1 year ago
@ldksparda Shut The Fuck Up! you Communistic motha cunt.
DarkFrostX5 1 year ago
@DarkFrostX5 Kiss my Independent ass, you cuntservative kapitalist pig. Go fuck some gold and drink oil.
ldksparda 1 year ago
@ldksparda
Best Line so far.
xxabulletxx 1 year ago
@xxabulletxx inorite?
ldksparda 1 year ago
@ldksparda I'm Libertarian but Nice try though, Drinking oil is much better than drinking Obama's Kool-aid. As for the Gold joke, I hope to G-d when the dollar collapse ( and trust "history" it will) you will have some Gold you stupid communistic jackass. Enjoy living in your delusional filth.
DarkFrostX5 1 year ago
@DarkFrostX5 Yeah, I'm the richest man in the world. :| Tell another lie you conservative jackhole.
ldksparda 1 year ago
@ldksparda UNDER ACHIEVER....LOL
wogdoggy 1 year ago
@wogdoggy Cock-sucking, aren't you, old man?
ldksparda 1 year ago
@ldksparda
brilliant comment like most libtards..stay on the left theres zero room for you over here...lol...dolt
wogdoggy 1 year ago
@wogdoggy Yeah and us liberals are going to kick your ass again come November. Get ready to lay back and get ass-fucked in the wallets some more.
ldksparda 1 year ago
@ldksparda So how'd that go this November... kekekekeke
ta900000 1 year ago