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Former Gov. Mike Huckabee, (R-Ark.), on the government’s rising debt and the tax increases to help reduce it.
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Its ballooning but our economic recovery might be full of hot air ending 2012 without whimper.
And the month of December a 155000.
Jobs were created but our national debt.
780000.
Times faster with more on this former governor Mike Huckabee of Arkansas and host of Fox News Huckabee.
Governor welcome back to show always great -- you're happy new year happy here you know let's talk about some things are not so happy yeah that's this nation's debt.
I think we're racking up something like sixteen trillion total dollars in debt but every month it's a 120 point nine billion dollars.
Which to me is just unbelievable what do you make of that.
Well 50000 dollars a second that it's what we're running up in debt when you think about that 50000 dollars a second.
I mean the most adventurous shopper couldn't go on Fifth Avenue in new York and spend that kind of money on any good day in December no matter how hard they try.
It is staggering and I don't think the average American understands that it means that every man woman boy and girl in this country.
Who breathe American air essentially -- and getting north of 50000 dollars now.
Personal -- in order to pay it off and none -- no one can do that so it's it's it's hurting the economy turning jobs.
Hurting the long term future of America more than the short term.
And yet congress in dealing with the fiscal cliff said we're not gonna cut spending -- to do is we're gonna raise taxes.
You can't raise taxes enough to cure this prop.
You can't all the taxes they raise won't run the government for eight to ten days so it's not really anything other than symbolic it's the president having the ability to stand on the next of people who have made a lot of money.
And say we got you we're gonna make you pay more trouble is.
That it it's not gonna affect the budget.
And it's not going to really affect the lifestyle of the people who are gonna be hit by higher taxes as much as it will affect what they will do.
In creating new jobs which means they won't do it because.
They don't know how many more times somebody's gonna reach into their pocket and asked them to pay what the liberals love to call the fair share.
I've tried to get people to tell me give me a number tell me a percentage what is the fair share.
They won't do it because right now the average person who is that over 400000 that such a villainous group of people.
They're gonna be paying about almost 44%.
Just in federal taxes -- and includes state local 44%.
How much is enough.
Like gonna tell you if you're here in New York City -- -- -- real estate taxes and local taxes.
It's approaching sixty yeah so I mean when you think about six of every ten dollars going to some government entity somewhere it's.
It's a little too much to take for a lot of people let's talk about though this congress -- do nothing congress can't seem to get anything done with that.
-- -- coming up the debt ceiling is coming up.
And just this week people are getting paychecks for the first time that includes at 2% increase in the payroll taps.
What are people gonna make of it well I think a lot of people are gonna be shocked because -- remember the president saying if you make less than 250000.
Dollars.
I guarantee you won't pay one more dime in tax well they're paying lots of dimes in increased tax -- person making 50000 dollars.
Probably gonna be on the hook for about 16100 dollars additional.
Money -- if you're making 50000.
You don't have 16100 dollars a disposable income to give the government so they can wasted and spend borrow more money.
It's gonna hit people hard add to that three point 8% obamacare tax.
And then what states and local governments are doing.
Do it to the economy's going to be in a world of hurt this year.
And we can't -- we -- have a big tax revolution you know to the point the people really start seeing the impact of this.
They may -- -- with their feet they may start making calls to congress I mean who knows what's gonna happen at the end of today.
I do think that there is going to be a -- in in large measure from people who voted for Obama.
Believing that their taxes weren't gonna go up it was only gonna hit those nasty rich people.
-- -- hurt them.
Now they're gonna understand it is gonna hurt camp and -- some of them lose their jobs because that rich guy they work -- decides he can't afford.
To keep on the payroll as many people as -- as he has because the taxes that he's paying.
It's either pay the government are keep the employ well he can.
He makes a decision about the -- he doesn't get to make a decision about the government taxes because Citi doesn't pay that he goes to jail.
Right exactly true and of course we had jobs numbers today -- much to comment on that as well.
That rate goes up to seven point 8% -- 155000.
People a jobs were created this month that it's highly active that's just so one impressive.
Well it's not -- -- but you know if we don't create 240000.
More jobs a month we're not even keep -- up but the number of people are being born.
That the hole in the work place.
The real issue.
Is that since so many people just quit looking they just have given up and what's the government's response post pay people an additional period of time to not have a job.
I'm sympathetic with people who can't find work.
I'm not sympathetic with people who won't find work because the government will continue to pay them 99.
Weeks to not work.
If you get two years.
Of a pay for not working it's going to be hard to ever get you don't -- -- work again.
-- absolutely agree with that but it you know the government has other solutions not just extending unemployment.
They also want to -- a platinum point worth trillion dollars.
Why not I mean it not a brilliant idea let's go ahead and analyst -- flight to cut the currency.
You know that the idea behind this is that it would avoid the debt ceiling fight because if you print money.
And you use that as the basis to borrow.
Well then you can say that -- solvent because you just printed up some money.
Now anybody I think with IQ above broccoli should certainly understand.
That if you've created this completely false economy by -- -- I'm not mincing up points.
That is utterly worthless other then -- told people that it's worth something and that's the basis of borrowing money.
The only people crazier than the one cementing the -- would be the ones who will let America borrow off such a phony -- You at some point people stop believing your promises and it's not just promises to people around the -- about what our currency is worth it's also the promises we make feet to the American people about what we can give them later down the road.
People need to understand the government can't just keep getting things.
You know I I -- sometimes we would replay the speech by president Kennedy.
And is this -- a Democrat Republican thing because he's a Democrat.
But he clearly said and -- he was part of that vision when I was a child I remember him saying in the inauguration.
-- not.
What your country can do for you.
And that's what you can do for your country.
We need to raise Americans who believe.
That their responsibility in being an American citizen -- what they can do for their country not sit back and say what's my country gonna do for me.
Or what can I collect Governor Huckabee thanks for coming on some great to be always a pleasure to have you on the show thanks so much.
