RUSH: John in Argyle, Texas, great to have you on the EIB Network, sir. Hello.
CALLER: Hello, Rush. I need to take you to task on two things you’ve said within the last couple weeks which have really just sent me over the edge, a few other things you’ve said in the past.
RUSH: All right.
CALLER: One has got to do with last week you mentioned that you would never have to pay for someone that wasn’t producing something or that wasn’t working. And I have to question whether or not you have now lumped retirees into that group, or do you consider those people that are no longer producing, even though the company, when they went into retirement, the company decided, instead of giving them a lump sum payout, were going to give ’em an annuity? Well, they’re not working for the company, but they’ve met that requirement. Are they okay?
RUSH: Well, I guess up to a certain point, but now many of these people are being paid more in retirement than they ever earned while they worked.
CALLER: Okay, Rush, I gotta ask you this, then. Do you have the same heartburn after somebody spends 20 years in the military?
CALLER: Then what’s the difference, they’ve met their requirement.
RUSH: I don’t have heartburn. I’m talking about pure mathematics here. You can talk about annuities all you want. When General Motors or any company has to take from their profits and pay people who are not working anymore, at some point the inability to do so is going to occur, pure and simple. I don’t pay anybody who used to work for the EIB Network, but no longer does. They’re on their own.