{"id":36809,"date":"2010-11-10T01:01:01","date_gmt":"2011-05-19T00:20:33","guid":{"rendered":""},"modified":"2011-05-19T00:20:33","modified_gmt":"2011-05-19T00:20:33","slug":"we_can_see_our_future_in_europe","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2010\/11\/10\/we_can_see_our_future_in_europe\/","title":{"rendered":"We Can See Our Future in Europe"},"content":{"rendered":"
\n

RUSH: One of the big stories on cable news this morning is the UK student protest over the tuition hike. ‘Tens of thousands of students marched noisily through London on Wednesday against plans to triple university tuition fees, and some tried to occupy the headquarters of the governing Conservative party –‘ that, I think, is the real objective here ‘– in the largest street protest yet against the government\u2019s sweeping austerity measures. Organizers said 50,000 students, lecturers and supporters –‘ i.e., rent-a-mobs, ‘– were demonstrating against plans to raise the cost of studying–‘ is that what you pay for, to study? No wonder I didn\u2019t get my money\u2019s worth in school. That\u2019s what you pay for is to study? ‘Organizers said 50,000 students, lecturers and supporters were demonstrating against plans to raise the cost of studying at a university to 9,000 pounds ($14,000) a year — three times the current rate.\u2019 That\u2019s less than five grand a year at major universities in the UK, as opposed to 20 grand a year here, or 25 at similar, comparable institutions. <\/p>\n

‘Violence flared as a handful of people smashed windows in a high-rise that houses Conservative headquarters, as others lit a bonfire of placards outside the building. Office workers were evacuated as several dozen protesters managed to get into the lobby, chanting ‘Tories Out.” That\u2019s what this is all about. To think that the students are protesting the university is just crazy. What they\u2019re protesting is having to go to work someday. What they\u2019re protesting is having to earn their way. Folks, I can\u2019t begin to tell you, you know, I go in cycles. Some days I think it\u2019s all lost and it\u2019s hopeless, and other days I think we got a chance to reverse it. I see stuff like this, 50 thousand people basically protesting so they can run around and be given freebies the rest of their lives. That\u2019s what this is all about. All these budget cuts, austerity cuts, nobody wants to pay their own way, nobody, and it\u2019s something that is increasing in this country and the reason nobody wants to pay their own way in Europe is because they haven\u2019t had to. They\u2019ve had all these socialist democracies and they\u2019re going bankrupt. Ireland is the latest, worse than Greece. We\u2019re next. <\/p>\n

We had this story the other day that the nations of the world borrow $10.2 trillion, that\u2019s how much is owed. Most budgets barely pay the service, the cost of the debt. Nothing\u2019s real. Nothing has been real. It\u2019s all been built on phoniness. Sometimes it literally boggles my mind. In California, what\u2019s the number of unemployment benefits? Forty million a day to pay unemployment compensation benefits, for people not to work. More and more people expect to be supported by the government. And people who don\u2019t expect that, people who do want to make their own way, people who do want to assume these responsibilities are the ones being said to be hard-hearted, cold-hearted, have no compassion or what have you. It makes me mad. I see a bunch of long hard maggot-infested dope smoking students, a bunch of ingrates who have had everything given to them all their life, protesting for everything to be given to them the rest of their lives. ‘But Mr. Limbaugh, Mr. Limbaugh, you\u2019re mischaracterizing this. They are protesting the rising costs of tuition. It\u2019s going to be three times what it normally is.\u2019 I understand that. But things cost money. The reason they\u2019re going up three times is because they haven\u2019t been charging what it actually costs in real terms up \u2019til now. It\u2019s only when everybody\u2019s running out of money that they start getting a response. <\/p>\n

You know what ought to happen in California? I have an idea for California, and it goes against everything I have ever uttered, it goes against every philosophy I have. But California is simply feeding off of the rest of us. I never got to that story in the Wall Street Journal last week, comparing California to Lindsay Lohan, constantly in and out of rehab, not being fixed. It was a funny piece. We just need to raise everybody\u2019s taxes in California, because that\u2019s what\u2019s gonna happen to us to bail \u2019em out. Just raise everybody\u2019s taxes. Make them pay for what\u2019s happening out there. I am being dead serious about this. These are the people voting for this kind of government, the liberals are voting for this kind of irresponsibility, this waste, this fraud, make them pay for it. Make \u2019em pay for it. Make \u2019em pay for the kind of government they want. ‘But, Rush, but, Rush, it\u2019s never worked.\u2019 That\u2019s my point. It never has worked. We have never cut spending in government, have we? We\u2019ve always increased spending and we\u2019ve always raised taxes. <\/p>\n

We\u2019ve done everything to try to get out of this economic malaise but what will work. We know what will work. It has worked every time it\u2019s tried: Reducing marginal tax rates. Remember the call we had from the economist yesterday from Winston-Salem, North Carolina. I got a lot of e-mails from people loved that call. She focused on the fact that the Fed and other financial institutions are focusing on lending. They want banks to lend money to small businesses and so forth to create economic activity. There\u2019s one thing missing from that equation. It\u2019s called demand. Nobody wants to borrow any money because they don\u2019t have any customers. You can\u2019t grow a business without sales, be it of your product or of your service. So you can talk all day long about, ‘My God, these banks are holding onto money. They\u2019re making money rather than investing it and putting it into circulation to be loaning it.\u2019 Well, there\u2019s no desire to borrow it. Go talk to anybody in the business community. There\u2019s no demand for business. There\u2019s no demand for products and services. <\/p>\n

There are exceptions, of course, but before you can start talking about lending money and putting it in circulation, there has to be a demand side in the equation, there isn\u2019t any. And you can\u2019t just automatically create it. You can\u2019t say, ‘Okay, credit\u2019s easy, Mr. Small Businessman, go ahead and borrow.\u2019 He\u2019s gonna say, ‘For what? Why am I gonna borrow money? Why do I want to go in debt? I\u2019m not gonna have any chance to pay it back. What\u2019s the point? There\u2019s no demand for my product. There\u2019s no demand for my service. That\u2019s why I\u2019m not hiring people. There\u2019s no demand for what I\u2019m doing,\u2019 because people increasingly are losing their jobs. So the one thing that we know works, we will never do because of this regime. This regime diametrically opposed the marginal tax rate cuts, particularly on the producers and job creators because they\u2019re the targets of this regime. <\/p>\n

Ask yourself a simple question, folks. If you\u2019ve had trouble getting your arms around my belief that all this is being done purposefully, ask yourself a simple question: why would anybody work so hard to become president of a country they hate? Why would anybody work so hard to become president of a country — if ‘hate\u2019 is too strong a word, a country they don\u2019t like — why would anybody do that? When you answer that question, everything that\u2019s happened in the last two years become clearer. Somebody wants to become president of a country they don\u2019t like, it\u2019s obviously to change it, and what do they not like about it? The way it was founded. And that\u2019s where we are. And every time something happens in Europe, we are seeing our future. Every time something happens in Venezuela, we see our future. <\/p>\n

Now, this Quantitative Easing number 2. We\u2019ve already tried this. We\u2019ve tried increased government spending. We have tried raising taxes. We\u2019ve tried all of these phony, artificial, related to no reality moves and measures before, and they don\u2019t work. So what are we doing? We\u2019re doubling down on them. The thing that will work, marginal tax rates, even if they\u2019re not much, even if you just say they\u2019re coming, one of the things that was part and parcel of the conversation we had with the economists yesterday was there\u2019s no confidence out there, and without confidence you\u2019re not gonna borrow, and without demand you\u2019re not gonna borrow, and without demand there\u2019s not gonna be any confidence. So something has to happen to inspire confidence, to think that maybe policies will be put in place that will allow this engine of economic opportunity to start percolating again on its own, and those policies involve getting people like Obama out of the way.<\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: One of the big stories on cable news this morning is the UK student protest over the tuition hike. ‘Tens of thousands of students marched noisily through London on Wednesday against plans to triple university tuition fees, and some tried to occupy the headquarters of the governing Conservative party –‘ that, I think, is […]<\/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":"\nWe Can See Our Future in Europe - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/admin.rushlimbaugh.com\/daily\/2010\/11\/10\/we_can_see_our_future_in_europe\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"We Can See Our Future in Europe - 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