this morning there
as i was they are getting up getting dressed in
what not
uh... louise turn the t_v_ on and there was the
aborting joshi o
which mail usually makes me insane because it's like this right wing
highland
etc
and and he had this editor the good republican senator from illinois
on the show
hands
and and
you know this is one of those scream at the t_v_ moments and and i just i'd just
and jacob cluttered as well in fact he grabbed the clip
and i just have to share this with you this is what senator kirk had to say
about about our current
deficit that keep in mind
at the end of world war two
we had a deficit that was a hundred and twenty six percent of g_d_p_ and i was
out it was bigger than the entire day gross domestic product the united states
right now we have a deficit that's about ninety percent of g_d_p_ so we're not as
bad off in if div div detached or deficits
are a big deal were nowhere near as bad off as we were after world war two
so here's what
the republican congressman from illinois had to say about this
we had a tremendous deficit like this right after world war two and because we
had fiscally conservative leaders we paid off those huge world war two
deficits unlocked idea economy the became the superpower called the united
states of america
because we had fiscally conservative leaders
yeah i just got that you know these guys these republicans they rewrote their did
successfully enemy spent hundreds of millions of dollars out of the basic
says fully rewrote history ronald reagan's presidency
which in my opinion was one of those failed presidencies in the history of
the united states more of his senior officials went to prison
than any other president in history
our were convicted of high crime is one of you is arguably the most corrupt
of all presidencies in our and contrada president self nearly went to prison
and probably if he wasn't it he hadn't answered i don't remember a hundred and
sixty times when he was deposed on on this criminal action
the me may have gone to break it and that if israel timer saved him
but the edge that by this
don't get me started i do you know that they they've rewritten the end near the
severe recessions after reagan cut taxes on rich people
the yet with twelve percent unemployment as a consequence of that
the crash of the s_ and l_'s as a result of reagan deregulating the banks
america go on and on it was a disastrous eight years and it's been a disastrous
thirty-plus years since nineteen eighty
irony of nineteen eighty one dev admitted january ninety one when ronald
reagan was sworn in
death it because you're a trauma and
who was president after world war two
when we had this hundred and twenty nine hundred twenty six percent of g_d_p_
jacked
and dwight eisenhower who followed him a democrat any republican
or not
what the insane republican senator uh...
vista kurt from illinois says is fiscally conservative
we did not kat our way out of that debt
we grow our way out of that
and we grew our way out of that debt
by adding
protectionist trade policies of an average chair from around thirty percent
i'm goods imported in the united states so we would manufacture things here
we grew our way out of their debt by having at that point in time
the highest level of unionization in the history of the united states
we grew our way out of debt by having a top marginal tax rate on millionaires
and billionaires
estimate the average working person but when you made over a what in today's
dollars would be about three million dollars a year
your taxes your jacket actually begin
if federal tax return many one percent
we had corporations who are paying thirty percent of the total cost the
government
through their income taxes during that era
during the eisenhower era
and now they're paying six percent because they're gone offshore serb re
incorporate the cayman islands
and they're better they're keeping their losses here in the united states in
there
they're keeping their profits overseas
something that was illegal
during the eisenhower administration in the truman administration
another winner wonders thing that we can thank mister reagan for
we grew our way out of this when the wage differential between c_e_o_s in
workers was thirty to one right now it is the on average in the united states
run six or seven hundred to one
and in some industries like the health insurance industry
or the financial services industry or the oil industry it can be
forty or fifty thousand of one
and we grew our way out of that
moral debt that we ended up after world war two were we basically just have all
of our national resources and threw them into defeating todo enabler
we grew our way out of that
by harry truman and dwight eisenhower rollin money federal money like there
was no tomorrow
at the eisenhower national highway system
at schools
we were building schools like crazy in the nineteen fifties at at major di
energy infrastructure projects like you know dams and and bridges
we we electrified the their world parts of the united states because
ins in those places where bell lectures do is provided by private corporations
bay it was impossible to take electricity in the rural areas
so f_d_r_ create the aria which was still in existence after world war two
the rural electrification administration the federal government's okay if you
guys want papel
put electricity bills on time
we will
and then when charged when telephones became popular there is a the rural to
lawfully administrative arty eight
we should have that right now for broadband you know i you know what
they're one of my brother's lives in in rural michigan
and and it has to deal with this
horrible d_s_l_ line i think he's at the end of the line you know it is it's hard
to download anything of any substance
that shouldn't be in america
he'll look at all of the the the
the developed countries in the world
and more like you know in the middle to the bottom in terms of quality of both
hi-speed broadband available to them
to in terms of beer the percentage of people available to it
so debited we should be
doing in our
being world broadbent astray shin
i mean eighty eight degrees presidents truman and eisenhower
demoralized out out of a one hundred twenty nine percent of g_d_p_ debt
we all wood
more than that we made an the entire economy an entire year
in fact in a year in about four months we all that
at the end of world war two
and we didn't cut anything
to get out of that that
wheaton floor away out of that that
and we did it by stimulating the economy by spending federal dollars on dams and
bridges and schools and highways in
and and and hospitals
and by and by having a strong labor movement so that you had a lot of
workers
who were suddenly making very good wages
in the nineteen fifties
and guess what happens when workers make good wages
they pay taxes
and a tax collections were not and
the deficit went down
that was just the workers as i said anybody make it over three million bucks
a year in today's dollars was tested for ninety one percent weight
and here's the russell crowe cat deserve a marker campus in a bad shape
we had a tremendous deficit like this right after world war two
demographically and fiscally conservative leaders repaid office huge
world war two deficits unlocked has family is an absolutely insects