This transcript is automatically generated
It's a new low Republicans have now joined Democrats in beating up on the most productive people on our society.
Yes you heard me correctly Republicans are attacking millionaires Jon Bon Jovi Bruce Springsteen Quincy Jones Ted Turner -- for their political futures.
But for the way they get tax breaks this a super committee Republicans waiver on their fiscal conservative stance in favor of a tax hike.
Here -- -- is a man who will never compromise his fiscal conservatism.
A quality of that has been surging in polls in a recent.
Paul Texas Republican to our congressman Ron Paul is tied for first place -- Mitt Romney Newt Gingrich and Herman Cain.
Well his hordes of -- broad chase in the great state of Iowa.
Tell him to victory in those caucuses in less than two months congressman Paul always a pleasure welcome back to freedom watch.
Thank you -- Are you surprised.
That Republican senators are saying what they're saying I don't -- -- -- to jump on a particular senator but senator Coburn says we got to stop these rich people from taking advantage of loopholes that we have written.
And as senator Pat Toomey.
Who once had a reputation for being as faithful to the free market as you have.
When he was the president of the Club for Growth now saying well on the silver committee we might except.
A dollar fifty and cuts for every dollar in tax hikes tax hikes what is it come off what facts.
It's never worked before -- -- began and ended broken feuding -- from there are some rich people who get.
Benefits from government you know work with the Federal Reserve and they get their bailout that's one thing that you're productive.
Taxing people who are productive is the worst thing that we could do one of the reasons that.
They get confused on this is they don't understand that all capital comes from savings work effort in production and and savings.
-- been taught the for the past forty years.
That capital comes out of -- printing press and out of a computer so that's where the confusion comes from -- we should not tax success is no way that's going to be helpful.
What what what do the Republicans hope to gain from this mean for example do -- do your sources tell you that -- super committee.
Would you what I believe is unconstitutional and shouldn't be there in the first place for that's what we're stuck with for now.
Is hopelessly deadlocked and so they want to win the PR value since they're not gonna get legislation out of this committee the Republicans can endorse.
It's all PR battle one's own struggle for power maintaining power not cleaning up the mess the one problem that the conservatives have.
Is they won't accept effective -- maybe we spend too much money overseas maybe our foreign policy needs adjustment.
They will not contemplate that in any -- so they want to tinker around the edges and come up with tax gimmicks.
And and and not admit the truth.
And on the -- Including many Republicans they don't wanna touch any bail outs either you know the entitlement system.
And that's where our problem is the American people are part of the problem.
Is they've been -- to be dependent on government programs have we as a country have to decide whether we want a government is going to police the world and take care of us from.
Yeah I cradle to grave.
And if we wanted to happen and we're gonna have the total bankruptcy this country it will end up with runaway inflation that's how the debt will be liquidated.
And we're on the verge of moving and it didn't that -- into that area.
And -- can go quickly this is what people realize sometimes you drift along but when they come to come rather quickly.
If you the president what would you be pushing on the super what would never super committee if you were president but have you -- the president what would you be urging the congress to do right now in this present unfortunate unhappy.
Recession and which we find ourselves.
Quit lying to themselves and look at my proposal I said the first year.
If the government if our country gets serious you could -- -- trillion dollars out of it.
In -- would help us and I use example after World War II.
That we cut spending by 60% we cut taxes by 30%.
And ten million people came home and guess what the depression finally ended.
So I would say we should look at bad example in not this whole idea that.
They keynesian argument is that right we're in a recession because there's not enough spending to govern is supposed to -- In people who have no credit left just to -- active -- -- credit card they'll spend an Italian recession and he completely false idea.
They -- first significant event in the air Republican primary slash caucus season.
Is the Iowa Caucuses and you are now tied in the latest Bloomberg poll with Mitt Romney Newt Gingrich and Herman Cain.
Is the media gonna start mentioning the fact that -- up there in first place -- them in this very significant poll congressman Paul.
Well -- probably not some not expecting troop -- from them it's gonna tell you what the more -- norm in a more attention we get because they see it's so unfair.
So if if this continues it won't be able to stop us and one thing I'm pleased with the poll although we're really tied with three other people.
Is the fact -- that in when we get supporters -- supporters come into our camp.
They usually never leave but if you look at the past six months they coming go with the other candidates so there's reason for us to be very often about it.
Got it thanks for joining us -- -- again soon.
Thank you judge where that 100 million of your tax dollars.