Paul Ryan's budget

Obama and the Dems are driving us into the ground. Why can't their constituents see this???

Today Paul Ryan's new budget is out. He's the budget expert the Republican side in the House of Representatives. It's a budget that deals with the problems that we have. The really shocking thing about Paul Ryan's budget, which is the Republican budget, is that it does many of the things that voters sent the Republican Congress to do back in 2010. And that really ticks off the news media. The one-party news media is reporting the news of the Ryan budget, with AP calling it "an Election Year budget." These venal Republicans never do anything except for political advantage! Yes, it's an Election Year budget by Paul Ryan!

You never hear Obama and his "Election Year budget," or Obama and his Election Year whatever. We've never heard from the AP or anybody else in the State-Controlled Media how the Democrats have refused to come up with any kind of budget for three years 'cause they're afraid it will hurt 'em in the elections. The Democrats haven't submitted a real budget! Obama has, but it's one the past two-to-three years that's never had a prayer. The last Obama budget that was voted on lost 97 to nothing. So he's not even serious about it. And here's an architect... Speaking of budgets, Mark Knoller of CBS News has committed another random act of journalism.

Mark Knoller of CBS News is reporting today that the national debt has now increased more during Obama's three years and two months in office than it did during eight years of the George Bush presidency. The national debt has increased more during Obama's first term than in all of Bush's two terms, and we're not even through Obama's first term. In the real world, in a world of sanity, there's not a soul -- there's not a single person, there is not one individual in the Obama administration -- who can attack the Ryan budget with any credibility whatsoever. Not in a sane world. The Obama budget team are the architects of an abysmal failure. The Obama budget team are the architects of a debt crisis that threatens the very foundation of our country.

And yet they are all over the place (because it's an Election Year, don't you know) responding to Ryan's budget and belittling it and pooh-poohing it and talking about how it doesn't do enough for the poor and how it's going to take away benefits from the poor. The architects of an absolute, literal disaster are the first out of the box to rip Paul Ryan and a studious, responsible budget effort. It's just laughable. The whole thing is virtually laughable. These people do not know how ridiculous they've become. I'm talking about the Obama people. They don't know how ridiculous they sound. They don't know how incompetent people know they are. So this Ryan budget... Let's listen to Paul Ryan. Let's go to the audio sound bites here. We'll start here at the very top. This is this morning in Washington up on Capitol Hill. Paul Ryan, Republican from Wisconsin, held a preference to introduce the Republican budget. It's called A Path to Prosperity.

RYAN: We propose that we repeal the president's disastrous health care law. We propose to save and strengthen Medicare by taking power away from government bureaucrats. We believe competition and choice should be the way forward versus price controls that lead to rationing. We also propose, as one of our hallmark issues to get to economic growth and job creation, to reform the tax system. We propose to collapse the six different tax brackets into two rates: A 10% bracket and a 25% bracket for individuals -- and a 25% bracket for corporations, which is at the international average and going to a territorial system.

RUSH: Right: $5.7 trillion in cuts, two tax rates of 10% and 25% ... $5.7 trillion in tax cuts. I ran across something the other day. There's a little controversy swirling around not so much Apple (I guess it is Apple) but some guy who does a stage show, some theoretical performer named Mike Daisy who... Ah, I'll get into it in just a minute. But there have been a lot of blog references to this, and in the process of keeping up with this I saw a little blog post about Apple's announcement yesterday of what they're gonna do with their nearly $100 billion in cash. One hundred billion dollars. One company, Apple, Inc., has a $100 billion in cash just sitting around, and they've had it for a while.

It keeps growing. Investors, a lot of people say, "What are we gonna do with this? Should we pay dividends? Should we do stock buyback? Should we do nothing?" Steve Jobs didn't want to do anything with it; Steve Jobs wanted to keep it; it was security for him. It gave him all kinds of flexibility running the business, being able to prepay shipping, for example, being able to lock up every airplane shipping cargo from China to the United States for a new product introduction like the iPad so that no other competitor could ship their stuff at the same time and use it for that. Anyway, I want you to listen to this little post about that aspect of this.

"Tim Cook, Apple’s CEO, and Peter Oppenheimer, Apple’s CFO, will host a conference call" they did it yesterday "to announce the outcome of the Company’s discussions concerning its cash balance" of $100 billion. That is $100,000 million. That's what I wanted to get to: $100 billion is $100,000 million. They could buy Walmart with just their cash reserve. But my point here is finding a way to illustrate, in understandable terms, the kind of money we're talking about here: $17 trillion or $18-whatever trillion national debt. An annual budget of over $3 trillion dollars. There was just done a survey of spending in the UK. They found that one-third of all tax revenue goes to the welfare state. One-third goes to people on welfare.

The way these things are presented is the way you get people's attention with it and the way you then are able to start persuading them. So here's a company with a $100 billion cash hoard. They're trying to figure out what to do with it, and it's described here as $100,000 million. Now, the richest guy in the world view has $50, $60, $70 billion. Apple has a hundred billion. That is $100,000 million in cash. Now, move on you think what would a lot of money be to me, "What would you say if you had it would make you rich?" and that answer differs from person to person. What I'm trying to convey here is, Apple's $100,000 million -- $100,000 million! -- would not even show up as an accounting error in the federal budget.

And yet they tell us we're not spending enough money and we're not taxed enough. And every year this country's government spends over $3 trillion -- and of that $3 trillion, close to $2 trillion we don't have.