As the U.S. Congress came to an agreement on a budget that purportedly would avoid the nation’s first-ever default, talk-radio host Michael Savage warned his audience not to listen to voices on the left declaring it a victory for the tea party.
“If the left is telling you it’s a victory for the tea party, then you know it’s a lie,” he said to his “Savage Nation” listeners.
Freshman Sen. Rand Paul, R-Ky., who was elected by the tea party movement, has pointed out that while the congressional deal touts a “cut” of $2.1 trillion, the best-case scenario would result in an additional $7 trillion in debt over the next 10 years.
“You’re being hoodwinked again,” Savage said.
He said today’s politicians need to learn lessons from history to understand what Obama is doing, asserting that the term “Leninist” better describes the president and his policies than “Marxist.”
“Lenin thought that a nation could only grow more prosperous when a nation is controlled by a vanguard and elite – a people who know better than you what to do with your property,” he explained. “The Leninist elite would lead people to a world free of pain and poverty. There would be no more haves and have-nots or private property. Just boundless prosperity. All a nation had to do was transfer its entire wealth to Lenin’s vanguard.”
But the Leninist vision had consequences, Savage noted, aside from the well-documented horrors of Soviet tyranny.
“America’s rich will be poorer, America’s poor will be poorer, America’s middle class will be wiped out,” Savage said. “But America’s government will be more powerful than ever, as will the elected officials and their corrupt bureaucrats.”
Obama can’t take wealth from the rich at gunpoint, as Lenin did in Russia, Savage said, “so he has to use taxation and regulation.”
“Over the past three decades, this government has been taking wealth from the producers, the job creators, the savers and the innovators,” said Savage.
He pointed out that in 1987, the richest 1 percent paid roughly one quarter of all income taxes, while the bottom 50 percent paid 6 percent.
But just 20 years later, the richest 1 percent were paying 40 percent of all income taxes and the bottom 50 percent were paying just under 3 percent.
“The productive class is already picking up a disproportionate share of our government’s tab, and still, things seem to be getting worse,” Savage said.
“We have a government running record deficits, we have millions upon millions who are underemployed or, worse, unemployed; we have a socialized medical plan called Medicare Part A that will go bust in 2017; the United States has at least $50 trillion in unfunded obligations – all on account of policy makers like Obama who think that the redistribution of wealth makes a nation richer not poorer.”
Savage offered a “better idea.”
“Let’s not raise taxes for the producers. Let’s cut their taxes,” he said. “Let’s let the producers keep their money and invest it in their ideas.
“If the idea works, they will create jobs and empower individuals,” he continued. “If the idea fails, then it is back to the drawing board without a government check.”
The advantage of this approach, he said, “is that it rewards the producers without empowering the bureaucrats, and as the producers grow wealthy, so does the nation.”