{"id":35358,"date":"2010-05-10T01:01:01","date_gmt":"2011-05-19T01:05:01","guid":{"rendered":""},"modified":"2011-05-19T01:05:01","modified_gmt":"2011-05-19T01:05:01","slug":"caller_forgive_debt_and_start_over","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2010\/05\/10\/caller_forgive_debt_and_start_over\/","title":{"rendered":"Caller: Forgive Debt and Start Over"},"content":{"rendered":"
\n

RUSH: This is Fred in Homer, Alaska. It\u2019s great to have you on the EIB Network, sir. Hello.<\/p>\n

CALLER: It\u2019s great to be here, and greetings from Alaska.<\/p>\n

RUSH: You bet.<\/p>\n

CALLER: Hey, Rush, clear something up for me. I was at Dan\u2019s Bake Sale, and I was just far enough away from you — you were elevated in the crowd. Were you riding a horse when you came into town?<\/p>\n

RUSH: No, I was walking behind a horse and almost got kicked by the son of a gun. The crowd was huge. I was riding behind a uniformed police officer on a horse. I was walking behind, and the crowd was descending upon the entourage walking. That horse got spooked, and I was afraid it was going to start kicking.<\/p>\n

CALLER: Well, I remember being there. It\u2019s always been a puzzle in my mind if you were on it or what.<\/p>\n

RUSH: No. In fact, I think at the time Colorado senator Hank Brown actually got kicked by the horse, if I\u2019m not mistaken. Yeah, it was Hank Brown who got kicked by the horse. I almost did.<\/p>\n

CALLER: Well, I\u2019m glad you didn\u2019t. (chuckles) Anyway, my question is kind of a two-part one. What if we just had everybody forgive their debt, and we all just started over and then it would give us an opportunity to have how many decades to get back in the current situation we are now — and the other side of that is, my grandfather who died in 1964 (I was nine then so I don\u2019t know how old I was like when he told me this, but) he said, ‘If you took all the wealth in the land and you distributed equally amongst all the people, those that had it before would have it back again.\u2019 Your thoughts on that.<\/p>\n

RUSH: That\u2019s true, inside a certain time frame.<\/p>\n

CALLER: Yes.<\/p>\n

RUSH: If you take the money away from entrepreneurs, they\u2019ll find a way to get it back. That\u2019s just who they are. Well, now, this forgiving debt. That\u2019s really magical. That\u2019s a wonderful idea. Ah, just forgive the debt!<\/p>\n

CALLER: They aren\u2019t going to pay it anyway.<\/p>\n

RUSH: That\u2019s a great idea for everybody except those who lent the money. <\/p>\n

CALLER: (laughing)<\/p>\n

RUSH: (laughing) Yeah, you get to keep the house, you get to keep the car, you get to keep everything you\u2019ve bought on your credit card, but nobody\u2019s gonna get paid for it. Nobody\u2019s gonna even get the interest on it. With as much indebtedness as there is, if we forgave every loan out there, we\u2019d still be in the same economic circumstance because even more people would be in trouble who have zero income coming in. I mean, there are people who lend money as a business. There are people who finance other people\u2019s actions, lifestyles, purchases, as their business. So we\u2019re going to say to the consumers, ‘Guess what? Everything\u2019s been free for the last 30 years. You don\u2019t have to pay a damn thing anymore.\u2019 The people that lent the money, ‘Sorry, you gotta start over.\u2019 (interruption) Well, the lenders are evil. <\/p>\n

This is why this argument has some traction with people because lenders deserve to take it in the shorts. ‘The lenders deserve to get kicked in the gut. The lenders deserve to be poor. The lenders deserve to be out of money because that\u2019s the way they\u2019ve made all the rest of us,\u2019 goes the theory. There\u2019s no magic out of this. There\u2019s no way a lot of people don\u2019t get hurt here, and your solution honors the irresponsible. Your solution, forgiving loans, rewards those who have been irresponsible and penalizes the lenders. Now, you might say, ‘Well, some of these people shouldn\u2019t have lent people they shouldn\u2019t have lent to, people they knew couldn\u2019t pay it back.\u2019 Yeah, because that\u2019s people Chris Dodd and Bill Clinton and there are others made them do it. But, yeah, forgive all the loans, forgive all debt, and just start again. Anyway… (interruption) Yeah, it\u2019s like Christmas. Health care for everybody, no charge!<\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: This is Fred in Homer, Alaska. It\u2019s great to have you on the EIB Network, sir. Hello. CALLER: It\u2019s great to be here, and greetings from Alaska. RUSH: You bet. CALLER: Hey, Rush, clear something up for me. I was at Dan\u2019s Bake Sale, and I was just far enough away from you — […]<\/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":"\nCaller: Forgive Debt and Start Over - 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\/05\/10\/caller_forgive_debt_and_start_over\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Caller: Forgive Debt and Start Over - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: This is Fred in Homer, Alaska. It\u2019s great to have you on the EIB Network, sir. Hello. 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