GLENN: I want to I want to go over the Republican plan. This is the what are

they calling this? The plan for America. No. The contract for America.

PAT: Pledge.

GLENN: Pledge to America. (Not the) these are the things that they are promising

to do if they're elected and here they are. Permanently stop all job killing tax

hikes. I don't know why we have to say all job killing because are we in are we

saying that there are some tax hikes that are not job killing?

STU: We're talking specifically about the Bush tax cuts, making them permanent.

GLENN: Permanently stopping all tax increases currently scheduled to take effect

January 1, 2011. If they did that one thing, you would see business relax. If

they did that one thing, you would see job creation. Give small businesses a tax

deduction. Small business owners to take a tax deduction equal to 20% of their

business income. If you did that, you would create jobs.

PAT: And Obama's saying that they're against that and they're stopping him from

cutting taxes for small businesses.

GLENN: Right.

PAT: So, that's a good one.

GLENN: We will require congressional approval of any new Federal regulation that

has an annual cost to our economy of $100 million or more. I think that's a

that's a pretty high number, but this is this is really critical. This is a

great one because this addresses Cass Sunstein. Let me say it again. We will

require congressional approval of any new Federal regulation Cass he is our

regulatory czar that has an annual cost of to our economy of $100 million or

more. That is significant. They say that the threshold is $100 million because

that's the threshold the government deems a regulation economically significant.

Repeal job killing small business mandates. The government takeover of health

care requires small businesses to report to the IRS any purchases that run more

than $600. We will repeal this small business job killing mandate. All right.

So, that's where they start. They are going to act immediately to reduce

spending. Congress should move to immediately cancel all unspent stimulus funds.

Amen. Block any attempt to extend the timeline for spending stimulus funds,

throwing more money at a stimulus plan that is not working, only waste tax pair

money and forces us further in debt. Cut government spending I don't like this

to pre stimulus, pre bailout levels, with common sense exceptions for seniors,

veterans, and our troops.

STU: It's a you know, there are a lot of disclaimers on this kind of thing.

GLENN: We will roll back government spending to pre stimulus, pre bailout

levels, saving at least $100 billion in the first year. $100 billion. Establish

a hard cap on new discretionary spending. A new hard cap on discretionary

spending? Zero discretionary spending. What do we need discretionary spending

for, Stu?

STU: Well, discretionary spending is especially everything outside of stuff

that's already

GLENN: Defense and stuff we've already done?

STU: Right. So, I think, you know, you would have to for example, for

nondiscretionary spending, you would have to repeal laws to cancel that

spending.

GLENN: Yeah, I know that but what I'm saying is what do we need discretionary

spending for? Don't you have you already have road maintenance. That's not in

PAT: That's for like when Congress goes to movies or they

GLENN: No, no. That's for that's where, you know, new post offices named after

So and So and a new library named after So and So and all of that stuff, right?

STU: Yeah. Well, there's more. It's not just that there are things in there and

they always talk about not growing that number. That's the number they always

focus on because

GLENN: But that number is, what, 8%, 10%?

STU: I'll look it up.

GLENN: It's ridiculous. Cut Congress' budget. This year Congress increased its

own budget by 5.8% at a time when families and small businesses in the country

are cutting back. We will make Congress do more with less by reducing its

budget. Oh, boy. I've got an idea for you. Do you know, Stu, did in Broke, did

my idea of tying congressional salaries to job creation outside of Federal job

creation, did that make that in there?

STU: I don't know.

GLENN: I had an idea and we passed it by all of these economic experts to see if

they could find a way to make this happen and what it was was if you first of

all, you don't make more than a military man. If you go to Congress, you don't

make any more than a military man. Whatever our military is making,

congratulations, that's what you make. They won't really want a slight on the

salaries of the military, will they? So, the first step was you make only as

much as the military does and then the second step is, if the American if the

American salary goes down, your your wage is slave to their wage. So, in other

words, if the salary goes down in the private sector, you know salary goes down.

So, you never make more than what people make in the private sector, the average

salary. That's a way to cut the budget of Congress. And you don't get any perks.

Forget your perks. You can go out and buy a health care plan and you get the

cheapest, crappiest one we can find.

Hold weekly votes on spending cuts. House Republicans launched a you cut

initiative to combat blah blah blah, over the course of nine weeks, you cut

produced proposes to save taxpayers more than 120 billion. Well, okay. Great for

the proposal. Now, how about doing it?

End TARP once and for all. We will cancel the troubled asset relief program, a

move that will save taxpayers roughly $16 billion. This one is significant. End

government control of Fannie and Freddie. If they do that, they say they will

save taxpayers as much as $30 billion. No way. It's much more than that. We're

talking in the trillions of dollars that you are on the hook for. If you end

control of Fannie and Freddie, if you punish them, the first thing that happens

when you end control, they have to open up their records for freedom of

information. That's what these House Republicans are after, because we have

filed Freedom of Information Act on Freddie and Fannie. There are a lot of

bodies buried there. And because they're in receivership now, they don't have to

respond. So, that's why they haven't fully embraced it and that's why they

haven't rejected. If they actually embrace, they're part of the government and

you have to respond to a Freedom of Information Act. If they go back to the

public sector, they have to respond, but since they're neither, they don't have

to respond. So, they can keep all the bodies buried there. Freddie and Fannie is

the source of a lot of this trouble.

Impose a net Federal hiring freeze of nonsecurity employees. Here's an idea:

Fire people. Where is the idea that says we're going to close the Department of

Education? Root out waste in government and duplication. Reform the budget

process to focus on long term challenges. We will make the decisions that are

necessary to protect our entitlement program for today's seniors and future

generations. There is no entitlement program for future generations. Let's take

care of our seniors. Let's take care of those who have worked their whole life

and now we're at the end of it. But future generations, I'm not planning on Pat,

are you retiring? Are you planning on retiring and getting Social Security?

PAT: No.

GLENN: Stu, are you planning on retiring and getting Social Security?

STU: No.

GLENN: Sarah, are you planning on retiring and getting Social Security?

SARAH: I'm hoping.

GLENN: (Laughter.) There always has to be an optimist in the crowd.

PAT: Uh huh.

GLENN: It ain't going to happen. We know it. Stop lying to us. Let's end it.

Let's see. Then there is this: They will enact common sense medical liability

reform to lower costs, reign in junk lawsuits and curb defensive medicine.

Purchase health insurance across state lines, this would change everything. We

will allow individuals to buy health care coverage outside the state in which

they live. That would change everything. They're going to repeal Obamacare.

Expand health savings accounts, that will be huge. Strengthen the doctor/patient

relationship, ensure access for patients with preexisting conditions. Look. I'm

torn on this because my daughter has cerebral palsy, but I don't know how you do

this. Now, this is a very long, complex paragraph. I don't know how you do this

in the private sector. I don't know how you do it.

Now, maybe there are those people and maybe this is all they're saying, but

there are those people that, you know, have epilepsy or cerebral palsy or, you

know, whatever it is and they've had it their whole life. They were born it and

they just can't get insurance and maybe those are also the people we take on

with Medicare or Medicaid, but that's a different thing from people who just

don't want to work or whoever. These are people that actually cannot get

insurance. Those people we should take care of.

Permanently prohibit taxpayer funding of abortions. They say they're going to

stop but what are you just repeal Obamacare and that will stop. They are going

to have a Read the Bill Law enacted, that you'll have to publish the text online

for at least three days before coming up for a vote in the House of

Representatives.

PAT: I get a kick out of these people who say read the bill.

GLENN: You know, they're putting it online so we can read it? We don't need to

read it. We need our representatives to read it. I mean, we need to read it, as

well, but they're not even reading it. Adhere to the Constitution. We will

require each bill moving through Congress to include a clause citing specific

Constitutional authority upon which the bill is justified. (Applause.) That is

one of the best things I have heard. Make it easier to cut spending. We will let

any lawmaker, Democrat or Republican, offer amendments to reduce spending.

Advance legislative issues one at a time. We will end the practice of packaging

unpopular bills with must pass legislation. Amen.

STU: That's one we were pushing for the other day. That's great. I don't know

how you do that exactly. I don't know how you can technically do that.

GLENN: Pass clean troop funding bills. No more troop funding bills held up for

unrelated policy changes. Keep terrorists out of America. Prevent the government

from importing terrorists onto American soil. Demand overarching detention

policy. All foreign terrorists, 9/11 conspirators tried in military, not

civilian court. Fully fund missile defense. Critical funding to restore this

project, the U.S. homeland and our allies for missile threats from Iran and

North Korea. Require tough enforcement and sanctions against Iran. A government

aggressively and effectively implements the sanctions, tools Congress has

provided. Establish operational control over the border. We must take the action

to secure our borders. That action starts with enforcing our laws. We will

ensure the border patrol has the tools and authorities to establish operation

control of the border. Work with State and local officials to enforce our

immigration laws. We will reaffirm the authority of State and local law

enforcement to assist in the enforcement of all Federal immigration laws.

Strengthen visa security. Require the Department of Homeland Security to review

all visa applications and high risk counselor posts and prevent aliens from

attempting to avoid deportation after having their visas revoke

Okay. Now, let me just I mean, those are all great things but am I excited about

it? No

STU: Many of them are great. I don't know if all of them

PAT: Yeah. Some of them are really good but where is the pledge to repeal the

financial reform that was just passed?

GLENN: Yeah.

PAT: How about removing the death tax?

GLENN: Yeah.

PAT: How about cutting capital gains. Did I miss that or is that in there? I

didn't hear that. Cut capital gains.

GLENN: Look. Here's the thing. We need a group of people that have bigger ideas

and longer term ideas. This is a step in the right direction and that is from,

but let me just give this warning to the Republican party: If you say you're

going to do these things and then you play around and you do not do them, you

are in more trouble than the Democrats are in right now.

PAT: Chris Christie just said that.

GLENN: It will be over for the Republican party. This will to be last time

Republicans will win an election for all time. The Republicans will have to

change their name and they will go out of business. It is that serious with the

American people.