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GLENN: If I asked you what was the problem with the economy, how would you answer? What would you say? Stu, if I said to you what was the problem with the economy?
GLENN: Spending? Is that what it is? Spending? Explain.
STU: We spend more than we have.
GLENN: What do you mean "We"?
STU: All of us, the government, ourselves.
GLENN: Great. Stu, good for you. You are exactly right.
STU: Oh, good. Thanks.
GLENN: Now, how do we fix it?
STU: Return to the principles of America?
GLENN: No, see, you are giving me the answer you think I want. How do we return? How do we return?
STU: I agree with that. You have to return to providing the services only that we need, you have to lower tax rates and unleash the entrepreneurial spirit of the country.
GLENN: You've missed the main -- peg back to your principle. State it clearly the principle, what you just said. What is the problem? We --
STU: We spend too much.
GLENN: -- spend too much. So the solution is?
STU: Live within our means.
GLENN: It's that easy. It's really that easy and everybody makes it too hard. Everybody has an economist or I have this advisor or I have that advisor. I want my grandma. I want my grandma and my grandpa because that's exactly how they would fix things. They would look at it and say, "What the hell is going on?" And they would look at the whole situation and they would say, "Well, everybody spent too much, money nobody really had. They were printing paper." You can buy things, you know, on paper, commercial paper. What? What is that? You can buy somebody's loan. You can buy somebody's loan? What? Yeah, you buy their loan and then you treat that as an asset. But that's a debt. No, it's an asset. No, but my asset is a debt. "You are thinking too much." Your grandfather, your grandma or your mom or dad would say, "That doesn't make any sense." Well, that's because they're not educated. They don't know. They don't know the way the world works. Well, apparently they did. The reason why you get so frustrated with the news is because it doesn't make any sense. I really truly remember a day in my life -- I've been a broadcaster now for over 30 years. I remember when the majority of the news made sense. I had to look for stories. I actually had to work for a living. I actually had to look for stories that didn't make sense. We used to talk about Hollywood an awful lot because Hollywood never made sense. We don't talk about Hollywood now. Hollywood is like the sanitarium where they are actually trying to treat people for -- "You don't make any sense. You're crazy. Go to Hollywood. You can live over there for a while. There's a lot of crazy people there but there's the sunshine and you can relax and it all makes sense in a crazy sort of way." Now it's just spread all across the country. Now it's everywhere. Try to read the newspaper. Try to find the stories that make sense. I read stories, two stories this weekend in the New York Times where they were talking about how great this is because the unions are going to be very, very strong and the government welfare is coming. Unemployment for people who quit their job. Unemployment for people who quit their job or have been fired from a part-time job. This is good news? This to me doesn't make any sense. But you're not alone. I'm not alone. All we have to do is start pegging, looking for the principles. Should the president fly across the country today and use the amount of fuel that you will use over a 30-year period to promote global warming? I'm thinking the answer is no. If you really truly believe in global warming with teleconferencing, with everything else that's going on, in a society that actually has holograms, no. You can project yourself there. That would use a lot of energy. You could do something from the White House and say, "Hey, I'd like to but I can't be there. So I'm going to show you a picture of a solar panel." You could even have somebody go down the street and get a solar panel. You can have this thing called UPS ship one on a big plane that's carrying other things going your direction. That's common sense.
If the principle is to save the planet, you'd be violating that principle by using 30 years of fuel to save the planet. See? When you root yourself not in PR and not in what feels good, not in what looks good but in actual principles, it works. Thus the nine principles.
But how do you find the principles? How do you live the principles?
One of the principles is I try to be more honest every day. I try to be a better person every day. I try to make -- to not make the mistakes that I made yesterday. Well, why would you try to be better? What does better even mean? Why would you try to be more honest? "Well, everybody should be honest every day." Well, you know what? We try. We do our best. But everybody makes mistakes. What should you be trying -- if you are trying to be better every day, what does "Better" even mean? Thus the twelve values.
When we all live by the twelve values. Honesty, thrift, if we had values in this country that we still valued thrift, none of us would buy an iPod. Why? We wouldn't buy something that was disposable. We wouldn't buy anything where they would look at you and say, "You know what, it's just cheaper if you buy something. You just buy a new one." Excuse me? "All of these parts are no longer any good." That doesn't make any sense. We would use things and then reuse them not because of the planet but because we're thrifty. But we've been taught that thrift doesn't matter. Why have we didn't taught that? Because the principle that we have been worshipping, the principle that we have been taught, the principle is consumerism. The principle has been you've got to buy stuff because it keeps the economy going. You know what doctors are now reporting that some of their patients are coming in for psychology sessions and they're actually sitting down and telling the doctor, "I feel like I should save some money but I don't know. I mean, if I save money or if I pay down my debt, I'm hurting the economy." What? It has been so ingrained in you that if you pay down debt or you save your money, you're a bad American. I think our founding fathers would say, "If you don't save money, if you rack up a lot of debt, you're destroying America." Wait a minute, which one is true? Well, we're finding out now which one is true, aren't we? The reason why none of the solutions will work is because the solutions are the problem, because the principle has been wrong. The principle that we've been worshipping is that stuff matters. The principle that we're worshipping is that we're consumers, not creators. No, no, no. Life, liberty and the pursuit of happiness. We've changed happiness into consumption. Pursuit of happiness used to main, yeah, that you could have your own stuff, you could have your own, you could have your own parcel of land and you could protect it because it was yours, not owned by a bank who then sold it as a debt to somebody else to be an asset. The pursuit of happiness was live your dreams, not something that is sold on late night TV, not some dream package on some big cruise liner, but be who you really are. Create. Do what's inside of you.