Congressman Culberson of Texas
GLENN: Let's go to Congressman Culberson. He is from Texas and he has the information on the election being stolen and also I want to talk to him a little bit about, you know, the spending in Washington. Congressman, how are you, sir?
CONGRESSMAN CULBERSON: Good morning, Glenn, it's great to be with you.
GLENN: Can I -- I want to get to the ACORN thing here and what congress and Nancy Pelosi said she was going to do and have more stimulus packages. I have to ask you, sir, what in the name of God are we doing with our currency? We are spending money like there's no tomorrow.
CONGRESSMAN CULBERSON: Glenn, it is terrifying. We in this bailout bill which I voted against twice, my core conservative instincts have never failed me, we've created -- literally we've given the secretary of the treasury the power of the king and King Henry is now free to just essentially do whatever he wants. He's got $700 billion between King Henry and the Federal Reserve prompting vast amounts of cash into the banking system which as far as I can tell the banks are burying the money in the backyard. You are right. They are loading up our kids' future generations are --
GLENN: Congressman, congressman, I talked to a guy -- in fact, I talked to several people this weekend. One of the guys is -- I referred to as my deep throat. He has been in the room with Bernanke and Paulson and everybody else and he has seen all of this stuff. He talked to me over the weekend and he said, "Glenn, everybody I know is reading about the Weimar Republic. He said, the money that is being pumped in is staggering and I don't know how we'll ever pull that money back." He said, we're all reading the Weimar Republic. That's frightening, Congressman.
CONGRESSMAN CULBERSON: It is. And when I first learned about David Walker, the comptroller, the auditor of the U.S. began talking about this years ago, Glenn, on the danger to the country of running up the $60 trillion-plus of unfunded liability, I began carrying around in my wallet, and I have it here now and we need to be sure to get you one as you're one of my heroes, a $50 billion bank note from Zimbabwe, like the Weimar Republic, absolutely.
GLENN: Yeah. And Congressman, I mean, please go to Washington today and talk to them about, again the Treasury is talking about buying into these banks for what is rumored to be at this point a rumor, at $1.8 trillion, to go in and bail these banks out and buy into these banks. This is, A, socialism; and B, where are we getting the $1.8 trillion.
CONGRESSMAN CULBERSON: By selling debt on the international bond market, selling T-bills most of which are bought by the Chinese or Middle Eastern sovereign wealth funds and because the bill says we can bail out foreign banks, that is true statement that we are borrowing -- excuse me. The taxpayers are borrowing money from Chinese and Middle Eastern banks to bail out Chinese and Middle Eastern banks and we are nationalizing, socializing the banking system following the French and British model. And then also don't forget, Glenn, that the bill, the entire thrust of this debate which was dropped on us with no notice and he admits he's known about it for a year. The entire debate, Glenn, was that the purpose of the bill was to buy up the toxic debt.
Now, the bill -- he can do whatever he wants under the bill, but the focus was, hey, guys, you've got to vote for this because we have to buy up this toxic debt.
GLENN: Is it true --
CONGRESSMAN CULBERSON: Nationalize --
GLENN: I'm sorry. Is it true that people were told in your position that there would be martial law if, as one of the consequences if this didn't happen?
CONGRESSMAN CULBERSON: I don't remember that but we were told it was a disaster. We were told it was epic, we're at the cliff and we have to buy up these toxic assets. So all these guys that voted for the bill -- and again I voted against it twice, two of the best no votes I ever cast. But these guys were told this has to be done, it's an emergency, we're going to buy up the toxic debt. It was not -- may have discussed somewhere, somehow, but they were not told that they were going to nationalize the banks. This is literally switching, pivoting off of -- you know, after "Give me the $700 billion, we're going to buy up toxic debt," this weekend Paulson says, no, no, we're not going to do that; we're going to do something else. So all these guys that walked the plank, these Republicans that voted for the bill and other folks that voted for the bill are now being told, you know, your vote didn't leave me anything, we're just going to do something totally different.
GLENN: Unbelievable. So now let's talk about ACORN. What is happening in Houston? There has been a couple of arrests in Houston and this is happening all across the country. Is there -- can we even trust this election, that there won't be massive voter fraud?
CONGRESSMAN CULBERSON: There is going to be voter fraud. We don't know how massive it is but no question, ACORN and other organizations like them are going to be a big part of it because they have pled guilty. I mean, ACORN has literally pled guilty to false -- to fraudulent voter registration. And in Houston we discovered there's about 4,000 dead people on the voter rolls here. It's going on around the country. We're the only nation I think on the face of the Earth that doesn't have a citizenship list, a citizenship roll that you can just check the database against voter rolls, and ACORN has a long history of this, Glenn. And, you know, that's particularly outrageous is that the mortgage bailout, the Freddie and Fannie Mae bailout bill which was done this August which I also voted against because that nationalized the mortgage industry, that bill, Barney Frank voted language in that bill this summer which hard wires $420 of a $100,000 mortgage to ACORN, La Raza and other organizations like --
GLENN: That's an outrage. Why didn't the American people know? That's an absolute outrage.
CONGRESSMAN CULBERSON: And it is forever. It bypass -- I'm on the appropriations committee. It bypasses appropriations, bypasses the congress, it's in your closing documents. This from day forward we will all be paying 4.2% basis fee of $420 for every $100,000 mortgage in your closing paper will have papers. You'll have a new little line in there, a new fee that we're going to all pay to go straight to these affordable housing funds which the states then hard wire to La Raza, ACORN, groups like that.
GLENN: Congressman, what the hell has happened to our country? All of a sudden we are a -- we are marching towards Marxism. We are marching to a place that this -- congressman, you know it and I know it. You are from Texas. This ain't gonna hold. This is not going to last.
CONGRESSMAN CULBERSON: No, it's very scary and I've had a lot of fellow Texans tell me maybe we didn't make such a good decision back in 1845, you know? Maybe we should have stuck it out as the Republic of Texas and it's very scary. It's very scary and it has happened so rapidly, it just takes your breath away that we not only are marching, we are already socialized the mortgage industry. We've already nationalized the banking system. We are becoming France and in Texas we done want to be France.
GLENN: So what does the average person do, Congressman? We have spoken out. You I'm sure you saw it with John McCain over the weekend. People are pissed off. They are saying, I want my country back!
CONGRESSMAN CULBERSON: All of us need to not only register, turn out and vote, demand that candidates, quite frankly we need to adhere I think as Republicans, tuned demand that your election people are going to stick to the Constitution, they are going to essentially follow -- I call myself a Jeffersonian Republican. If we just stick to the core principles, they have always worked. Mr. Jefferson, Glenn -- and remember this is so true. Jefferson always said if we follow core Republican principles, the knot will always untie itself. We've got all the tools we need to solve this and every other problem we've got. It's in the Constitution. You stick to the Tenth Amendment. You get this out of the hands of Washington. Trust individual Americans to make the right decisions for the right reasons and trust their good sense and their good hearts and shut down whole sectors of the government. We need frankly a revolution at the ballot box in electing frankly -- and what's the best term for it? Libertarian Republicans. We need people that are going to believe and be committed to individual liberty and the Constitution because if we don't, you know, the country, it's very frightening, the debt, the deficit, the Weimar Republic days may not be too far away with this debt that we are inheriting, the $13 trillion. We just ran out of digits on the national debt clock. I'm sure you saw that.
GLENN: I did.
CONGRESSMAN CULBERSON: But remember this is the greatest country, we live in the greatest country in the history of the world, the infinite resourcefulness of this country. No matter how bleak it gets, we've got to remember we've pulled out of worse problems before and we can do this. Remember we have a revolution every two years. It's this November 4th. We've got to every single one of us that cares about this get out and vote.
GLENN: Thank you very much, Congressman. We'll talk again.
CONGRESSMAN CULBERSON: Thank you.
GLENN: Boy, coming from a libertarian Republican. That's what you need to be voting for. Boy, you could say that again. It's time for the libertarians to really start taking a hold, choking the bat snot out of those votes in congress.