"Tea Party Speech -
Courthouse - Stafford County , Virginia"
April 10,
2010
Welcome ladies
and gentlemen, welcome patriots!
Politicians
like to quote JFK and "Ask not what your country can do for you, but what
you can do for your country." Today it is more appropriate to say "Ask not
what you can take from your government, but what your government is taking
from you." The time where we could go to the government and ask for things
is over, it’s now bankrupt, there is nothing left for them to give- they
can only take. Now they must take anything and everything and give
nothing. You might love Social Security and Medicare, and health care for
all, but it won’t be there, it can’t be there, they are bankrupt. How did
we get here?
Politicians in
Washington DC run amok, recklessly drunk with power
It starts with
people like:
Congressman
Phil Hare (D) Illinois said, "I don’t worry about the Constitution…"
claims to have read the health care bill 3 times, hasn’t read the
Constitution. - Disrespect us because they disrespect the law they swear
to uphold.
I have more
respect for a common criminal, he may steal my money but he doesn’t
PRETEND he is doing me a favor, doesn’t pretend to be obeying the
law.
At least a
mugger hasn’t taken an oath like Congressman Hare.
When
Congresswomen Sheila Jackson Lee (D) Texas answered her cell phone in the
middle of a question from a constituent with breast cancer at a town hall
meeting—illustrates utter contempt for the American people.
When
Congressman Jim Moran (D) Virginia made a constituent show his driver’s
license before asking a question at his town hall meeting—he shows
complete arrogance of power.
When President
Obama told us last summer that if we didn’t agree with health bill to shut
up and move aside, he was going to fix things. Mr. President, you need to
hear me loud and clear: I’m not going to shut up and I’m not moving aside!
Try to make me shut-up, try to make me move aside.
These corrupt
politicians and their perennial apologists in the media call us angry
mobs, astro-turf, extremists, ignorant, unpatriotic, terrorists—all
because we demand answers. This is not some damn socialist
dictatorship—not yet. They insult, smear, besmirch, ridicule us, yet they
want our money and our vote. ENOUGH!
This disrespect
for the Constitution and the Rule of Law, this cavalier disregard for
dissenting Americans, reminds me of a British king 234 years ago or
strikingly like too many thug "dictators" today. This attitude is more
fitting for Hugo Chavez or Fidel Castro.
This disrespect
for Americans shows up in many ways
Taxes, Debt,
and Deficit
Politicians
vote on spending bills worth hundreds of billions of dollars but they
don’t even read them: this is clear disrespect
They vote on a
2500 page legally binding contract for us (health care), but they didn’t
read it which means they are derelict as our agents. Then they exempt
THEMSELVES from theses bills, even exempt their STAFFS! Now there are two
sets of laws one for those who vote on them and those who have to live
under them. Nancy Pelosi told us we will know what’s in the bills after
they are signed into law! Would you sign a 2500 page contract and after
signing it then look and see what you signed? Does anyone see a problem?
And we are smeared for even asking questions!!! Hey Washington DC
kleptocrats-- Just Try and shut us up!
We have
stimulus bills with over 8000 corrupt insider deals and special interest
group earmarks. Bailouts, buyouts, bribes and favors rule the day in
modern politics. Americans have a legal duty to pay taxes, yet these
politicians don’t feel they have a legal or even moral duty to spend
taxpayer money wisely or even constitutionally. Our life/work is just
another play toy for politicians to squander. They buy elections, votes,
with our own tax money and even our kid’s money (deficits and debt).
They are
parasites. The etymology of Politics: poly" which means many and "tics"
which are blood sucking parasites. We have end the reign of arrogant
political parasites.
Taxes, debt
burdens and unfunded liabilities
Who has kids
and grand kids? Do you love your kids? If you entrusted me with their
trust fund and I were to embezzle it for my own advantage and bankrupt
them before they could ever see it coming, you’d come and haunt me from
the afterlife. Yet Americans have let reckless politicians get away with
it on a grand scale.
How do we see
this? Last year the federal government ran a 1.4 trillion dollar
deficit.
We didn’t
accumulate 1.4 trillion of national debt until 1983. It took the first 194
yrs. of the federal government to have that much debt.
It took the
federal government till 1996 to spend in its budget 1.4 trillion in a
year. That is 207 years to get that far.
Last year this
was our annual deficit.
We are told by
the President’s Office of Management and Budget to expect another 9
trillion dollars to be added to the current 14 trillion dollar funded
debt. These numbers are always absurdly biased downward because of phony
economic assumptions. We can count on probably an extra 15-20 trillion of
dollars of deficits added to the national debt in 10 years.
Look at the
numbers.
In 1860,
Americans owed 2 dollars national debt per capita—about 3 working days for
a median income person in 1860. 3 days and your debt obligations of the
government were cleared.
Today the debt
per capita it is well over 40,000 dollars, so it takes a median income
worker over 300 days to pay off their personal part of the funded national
debt.
And this is PER
CAPITA, not debt obligations per actual worker. Remember, about ½ of
people are in the labor force and file income tax forms and only about ½
of them pay any income taxes at all! So if you work and actually pay
income taxes, your funded national debt liability is currently about
$150,000 dollars.
For all the
actual income taxpayers, Congress took out a credit card with your name on
it and last year alone added and extra 20,000 dollar liability with its
astoundingly obscene deficit. But what do you have to show for that? Is
your new car paid for, did you get more property, maybe more in your
retirement accounts? No, you have nothing to show for it but more debt!
When hard
working people want to know "what the hell is the federal government doing
with our money?" we are called radicals, unpatriotic, ignorant, or
uncaring. We are told straight to our face by our arrogant politicians "to
sit down and shut up." It’s our money, our life! I’m not going to sit down
or shut up!
Hey Congress:
you don’t own my money or my life!
The unfunded
liabilities are an even bigger problem which currently stands at about
$120 trillion dollars or at least 8 times the size of the funded national
debt. This is what will be added to the national debt over roughly the
next 40 to 50 years.
Let’s get a
handle on this number of 120 trillion! Set this many $1 bills end to end
and it would stretch from Stafford—to the sun and back again---more than
55 times (11.5 billion miles of money)!
This is the
difference between the taxes we will pay for Medicare and Social Security
and the current legally promised benefits. We will fall $120 trillion
short. The demographics of the baby boom retiring guarantees this result.
This is nothing short of catastrophic for our kids!
Thus, the
average American taxpayer entering the workforce now who actually pays
income tax has a total national debt liability of about 1.3 to 1.4 million
dollars! And this is above and beyond the regular taxes to fund the
federal government for its operations—and also assumes NO EXTRA DEFICITS
arise in any other part of the budget over this time!! This does not
include the Obama care debt obligations. This does not even include state
debt or taxes either.
In short, your
children are now, for all purposes bankrupt. And it is impossible for the
government to tax us out of this hole they dug us into.
"When you’re in
the hole over your head, stop digging."
Why do I say we
are broke? Here is why. The Congressional Budget Office has estimated that
the entire wealth of the United States: (ALL land 3 million square miles,
every building, every home, every car and truck, all washing machines and
dryers, refrigerators, furniture, all personal physical assets down to the
shoes on your feet) amounts to about 50 trillion dollars. Put the whole
USA up for sale and only cover about 40% of the unfunded liabilities with
just Social Security and Medicare alone! We are still about 70 trillion
dollars short.
What does this
tell us? Technically the US is broke. Our public debts vastly exceed all
collateral assets.
The next
generation owes, and owes, and owes; but can’t speak now or vote now. Your
children, my children, are bankrupt. I’VE HAD ENOUGH OF THIS GOVERNMENT
WASTE! HAVE YOU?
Yet, an even
bigger socialist entitlement program called Obama Care was just rammed
down our throats. It took shameless corruption to have a second Louisiana
Purchase in American history! At least Thomas Jefferson got some real
assets (830,000 sq miles of land) for 15 million dollars. What did we get
for 20 times this amount recently? We got Mary Landreiu’s Senate vote to
have government take-over health care in America. What a really raw deal.
Thomas Jefferson got a much better deal.
This was
absolute disrespect for the American people.
These same
people who had no time to read the bill and honestly face us to answer
tough questions will have the time to exempt themselves, raise taxes ½
trillion dollars and hire an extra 17,000 new IRS agents.
There are a few
people in political life who have opposed this unconstitutional abuse of
power. I’m so proud to be here today with Delegate Bob Marshall, who’s
Health Care Freedom Act and Attorney General Ken Cuccinelli, whose
immediate lawsuit against the federal government will hopefully put a stop
to this grotesque violation of our rights as Americans. God bless them and
others here today for their fidelity to the Constitution. Our founding
fathers would be proud of their work.
But what’s
going on in Washington DC is different story.
We were told
with a straight face not to worry about the OBAMACARE costs: that this
health care socialism would save us money, yet now we hear about a VAT?
What are the lies here? Does anyone think their taxes are going down in
the future? The ink isn’t even dry on the health care monstrosity, and
they’re already planning an economy wide hidden tax. The Value Added Tax
is a lie because it doesn’t add to our values—rather it confiscates them
in taxes.
I’m mad as hell
and not going to take it anymore!
Think about
where we’re at today
The Military,
Social Security, Medicare, Medicaid and interest on the funded national
debt are considered untouchable. Of the BIG 5, only national defense and
interest payments on debt are even Constitutional. If we shut the rest of
the ENTIRE Federal government down (courts, roads, embassies, everything)
last year, we would have saved about 800 billion dollars, leaving a
deficit of over 600 billion!
And the current
artificially low interest rates will not last long no matter how much debt
China or the Federal Reserve buys. Higher interest rates are absolutely
certain in the future with crowding out of capital markets and
inflationary expectations.
Our interest
charges currently run about 400 billion dollars per year. However, a mere
1% increase in interest rates adds an extra 150 billion to the deficit!
What happens if inflation returns to 6 or 7 %, we are looking at least 1
trillion of interest charges each year! In my lifetime I vividly remember
the interest rates in 1979-1980, do you? Remember those 21% interest
rates? Imagine that today!! A staggering 3 trillion in annual interest
charges alone!!!
The people who
put us in this ever expanding sinkhole don’t think they have to answer to
you and me; who the hell are these people working for anyway? And why
aren’t they in jail?
We cannot tax
or even grow our economy out of this problem
Consider the
following facts.
Over the last
100 years, the American economy has had its ups and downs (boom times and
recessions), yet the long run growth rate of the real economy averaged
about 3% per year. 3% is about the current interest charges on government
debt. Since the national debt is 14 trillion, it is almost 100% of the
entire size of the whole economy. This means that next year and the year
after and so on if the economy grows at a 3% rate—all the improved
standard of living is sucked out each and every year to pay the interest
charges alone! If interest rates go to 5, 6 or 7% then the real standard
of living will decline even when the economy is not in recession—when
times are good you will get poorer, and when times are bad—well you do the
math.
Our debt has
got us to a point where it is no longer possible for our children to have
a better life than we did. The great dream of America was that each new
generation would have more opportunities and prosperity than previous
generations. This is now over. Reckless kleptocrats in Washington DC have
set us on a race to the bottom in standard of living and a race to the top
on debt and tax liability.
For children
born after 1996, today 14-15 years of age, that child over their entire
working life will pay 70% of entire lifetime earnings to the federal
government in taxes. The Boston Tea party started for a hell of a lot less
taxes. I often think about that number of 70% when I look at my 12 year
old son Giovanni. I look in his face and see no future.
I’m mad as
hell, I’ve had enough!
I want the
names of these people who have desecrated my Constitution, wantonly wasted
our tax money and trashed my kid’s future. I want term limits on these
obscenely reckless politicians across the Potomac—most of them should
serve their terms in federal penitentiary where they belong. What they
have done to our children is so incredibly derelict—so unconstitutional—so
corrupt and abusive of power their time is up. Their day of reckoning is
soon.
I swear on my
life, with God as my witness, we are going to hold them to account for
this disaster. If you’re a politician and disrespect the Constitution,
individual liberty, and the American people; heed my words: this, I swear
before God almighty right here right now, we’re coming after you. In
November we will kick your asses out and save this Republic from your
socialist tyranny.
Thank You
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