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GLENN: Can you get the front page of the New York Times for me, please? You know that story that we were talking about in the meeting, can you get that for me? The front page of the New York Times, they are talking about "You know what, we should watch out for our debt; there's problems. We should look out for our debt. What are we doing on the debt thing? Really?" New York Times is just covering this. And they tie it in and say you know what we really need to figure out? What do we have in common with Greece? Because what happens in Greece might happen here. You think so, New York Times? Welcome to the party.
PAT: Yeah, a lot of apparently the New York Times has decided that a lot of what Greece was doing was because it was a bunch of social programs like —
GLENN: That they can't afford.
PAT: They can't afford it, they can't afford the pensions.
GLENN: Yeah.
PAT: And so they are collapsing and, gosh, aren't we doing some of those same things here?
GLENN: That's really weird, isn't it?
PAT: And didn't the New York Times kind of help push the New York Times thing down our throat?
GLENN: Thank you very much, Wilson. I love this. Look at this. Here's the New York Times today, in Greek crisis, some see parallels to U.S. debt woes. It's easy to look at the protests — the protestors and the politicians in Greece and the other European countries with huge debts and wonder why they don't get it. They have been enjoying more generous government benefits than they can afford. No mass rally and no bailout fund will ever change that. No benefit cuts or tax increases can change that. Yet, in the back of your mind comes a nagging question, writes the New York Times. How different really is the United States? The numbers on our federal debt are becoming frighteningly familiar. The debt is projected to equal 140% of gross domestic product within two decades. And in the budget troubles of state governments and the true shortfall is even larger. Greek's debt by comparison equals 115%. The United States probably will not face the same kind of crisis as Greece for all sorts of reasons — let me just add editorial comment here — because America is somehow different than the rest of the world. The laws of math, of finance, and the laws of physics just somehow or another magically break down at our shoreline, but I digress. But the basic problems are the same. Both countries have a bigger government than they are paying for, and politicians and spendthrift as some may be are not the main source of the problem. We the people are. We have not figured out the kind of government we want. We're in favor of Medicare, Social Security, good schools, wide highways, strong military, low taxes. Dealing with the disconnect will be a central economic issue of the next decade in Europe and Japan and this country. We're the major problem because we haven't decided what kind of government we want.
Excuse me? Ummm, yes, we did decide that. We did. We decided that a long, long time ago. The progressives have been spoon feeding us this nonsense and indoctrinating our kids. If you look at the wonders of socialism, do you know where socialism wins? There's a new Pew Research out, and I'm just pulling these off the top of my head. But it's like 51% are against socialism, has a negative context to 51% of Americans say socialism is bad... unless you're 18 to 24. 18 to 24, college students, which is so strange, college students are for it. Huh. That's weird. We're being spoon fed and indoctrinated. Excuse me, but the American people have decided. The American people, they say the government, the politicians are not the problem here. The people are. The people spoke! We said we didn't want the big healthcare! We said no! They did it anyway. The people aren't the problem. The politicians are the problem. The people aren't the problem. Did they ask you for another, what is it, a total of $30 billion for Freddie and Fannie? Did they ask you? You know they paid it this weekend. I don't remember being asked. Did they ask you if you wanted to bail out Greece? No, I wasn't asked. $1 trillion bailout. The IMF is behind this. We are 17% of the IMF. Anything the IMF gives to anybody else, that's 17 cents on every dollar comes from you. Did you vote for the IMF? Are you for the IMF? Do you know who they are? Do you know where they are? Do you know where they are located? Do you know who the president of the IMF is or the chairman of the board or the C — I don't even know their structure. Do you? 17 cents of every dollar from the IMF comes from your pocket! I mean, don't even get me started on this. That the people are the problem? The people are the problem. How about the Fed being the problem? Tell me the structure of the Fed. Tell me what it is. Tell me who the people are. Tell me — you know it's a private corporation. It's a collection of banks. Tell me who they are. Do you know? I don't. You know why? Because you are not allowed to know. It's secret. In a country, in this country it's secret to know who's printing our money, who's backing that? This is a note, a federal reserve note says it at the top of your money. What corporations are they? Which ones? Do you know that the Fed, to help out, to help out, and it's going to be a good investment for us, do you know that the Fed this weekend decided to buy Euros? They are buying Euros. As an investment. Why would we buy Euros? The Euro is going to collapse. So now the Fed, these private corporations, are buying Euros. Okay, that doesn't make any business sense at all. So what do they get out of it? Right, that's right, I forgot. I forgot. Where did we start? Crime, Inc. Money being funneled to giant corporations. The wealthy, the — I don't mean the people. Forget about the people who make, you know, $200 million a year. Forget about the people who make — the petty little Oprahs of the world. We're not talking about Oprah Winfrey kind of wealth. That's pish posh, man! Oprah's a pauper. We're talking about global... Oprah is not buying CDOs or CDS, whatever the hell, credit default swaps. She is not buying those. Who's buying those? The same people that just got the trillion dollars for Greece. They got that money. They took a trillion dollars from the taxpayers all over the world. They got that as a bailout. Now they have taken that money and some of them are now the ones who are betting on the default of Greece. So they are going to get paid twice.