Joe Biden speaking to AARP. In order to save the country from bankruptcy we have to spend more money.
GLENN: Do we have the audio of Joe Biden yesterday talking about healthcare. Listen to this.
BIDEN: And folks look, AARP knows and the people with me here today know, the president knows, and I know, that the status quo is simply not acceptable. It’s totally unacceptable. And it’s completely unsustainable. Even if we wanted to keep it the way we have it now. It can’t do it financially. We’re going to go bankrupt as a nation. Now, people when I say that look at me and say, What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt? The answer is yes, that's what I’m telling you.
GLENN: There it is. Okay, so what are you talking about, Joe? People say to me all the time, what are you talking about, Joe? Oh, I bet they do. Are you saying we're going to go bankrupt? Yes. Then you are telling us we need to go spend more money to keep us from going bankrupt? Yes. I would like to talk to a single person that that makes sense to. Help me out with the logic. You can get me to this logic: Glenn, is debt bad? No. Well, debt is bad; we've got out of control debt. No, no, no. You said out of control debt? Yes, that's bad. Debt is not bad, if it's not out of control. Everybody has a reasonable amount of debt. Unfortunately most people have an unreasonable amount of debt. The federal government has an unsustainable, incomprehensible amount of debt. There's a difference. Is debt bad? No. You own your house? Well, no, I took a loan out for it. Okay, debt's not bad. If you took a loan out for your house that there's no way you could ever pay those payments, then debt is bad. This, what you have to realize is our country has done everything to throttle down. We have put you know what it is? We're a race car driver and we have now put a governor on our car so we can only go 65 miles an hour. But we're in the Indianapolis 500 and we are the race car driver that has won every Indy race for the last 25 years. We are the best race car driver ever, ever in the history of race cars and we're at the Indianapolis 500 and we say, "If we're going to put... you know what, this race is just too dangerous. We're all gonna die. " Well, what should we do? "Well, we should all put a governor on ourselves." What? "We should never go more than 65 miles an hour." Yeah, right, right. Well, if I do it because I'm the most experienced, I'm the one that everybody looks to, if I put a governor on my car and race 65 miles an hour, then everybody else will. No, they won't. Because there's a lot of race car drivers that want to win the race. So you can go do whatever you want, but until the whole, the race car league of America, including Speed Racer and Racer X decide to put the governor on their car, you're gonna lose every time. Well, that's what we're doing. We're doing it with healthcare, we're doing it with regulation, we're doing it by buying up our businesses. Is there anyone within the sound of my voice that believes that General Motors is going to make a better car because they are now run by the unions and the government, is there anyone, is there anyone in the government and the unions that think that they will make a better car because they now control it? No. It's unsustainable. It's ridiculous. It makes absolutely no sense and everybody knows it.