Posted on 05/23/2017 12:16:23 PM PDT by Kaslin
RUSH: There are other things that if I dont tell you about, you may not find out about them. One of them just concluded. The budget director for Trump is Mick Mulvaney. Hes a former member of the Congress, of the House. Hes a Tea Party type. Hes a good guy. I have met the Budget Director Mulvaney. I liked him very much. He just had a press conference announcing the details of the Trump budget, and I heard him say things that you just dont hear said in Washington explaining budgets.
He said that this budget, the Trump budget is a taxpayer-first budget. I dont recall that ever having been used as an approach to budgeting: Taxpayer-first. Its a balanced budget. Its the first balanced budget in decades. Mulvaney says that if the Trump budget is adopted, it will result in sustained 3% economic growth, and thats the foundation. Mulvaney says that without 3% growth, we cannot have entrepreneurism; 1.9% economic growth is not enough growth to spur the risk-taking involved in entrepreneurism, which is one of the building blocks of a growing American economy.
We need people taking risks. We need there to be the reality that there is a payoff at the other end for taking the risk and that there a successful outcome if you do. He said we cant get there at 1.9% economic growth. Thats stagnation, essentially. We need 3% economic growth. Now, CBO has scored this thing. (sigh) They say that we wont get to 3% growth until, when 2027 or some such thing? I dont remember the number. I just read this. But regardless, theyre very pessimistic on even getting to 3% growth. That is outrageous!
This country ought to be growing at 4% sustained! I understand Mulvaney shooting for three based on where we are, but Obama never had anything over a point and a half 1.5% economic growth in eight years. You couple that with rising taxes and rising Obamacare, health insurance premiums and deductible costs; its no wonder nobody was getting ahead. The Trump people are trying to fix it. Theyre trying to address it. He said 3% sustained economic growth was a normal range for the country for decades until Obama came along. And it was.
Economic growth routinely was in the 3% to 3.5% sometimes 4.5% range until Obama came along, and all that came to a screeching halt. Mulvaney said that if you are 30 years old, you have never had a job in a healthy economy, and if youre 30 years old you dont know what a healthy economy is. Yet youre being told that were in one, and you were told for eight years of Obama that were in a roaring recovery and we got a booming economy going on out there.
And people who have nothing in their lives to compare that to, imagine what their attitudes on the U.S. economy and activity must be. They dont know wild optimism. They dont know sustained economic growth. Theyve never seen it! Its never happened while theyve been alive and that matters, because most peoples historical perspective begins the day they were born. Thats when history matters. Anything before that is old fogy time and theyre not interested in that. Every generation is that way. You have to fight that. You have to try to learn history.
Every generation thinks things are happening that have never happened before. Every generation of people thinks were in the last days. Every generations filled with pessimists. But when you have the Millennials generation, a majority of which have never had a job you might even be able to put the period there: Have never had a job, period or never had a job in a healthy economy. Yet, what have they been told? Theyve been lied to. Obama and his boys told em, Everybody, everything is just great! We got a roaring economy. Were adding jobs left and right. We got the sustainable energy, renewable energy, green energy! We got all that wind and solar happening.
WATCH LIVE: Trump Budget Director Mick Mulvaney speaks on FY18 budget
They have been so misled and lied to about what real economic growth is. No wonder their expectations are so low. They dont know anything else. No wonder theyre still living with mommy and daddy at age 36. They dont know anything else. Mulvaney I think properly pointed out people do not know or have forgotten what its like to have healthy, 3% growth in the economy. Well, for those of you who havent been alive for it, I can tell you I have, and Mulvaney is exactly right. If the economy right now is growing at 1.4, 1.5% and you double that? I guarantee you that kind of economic activity is impossible to ignore.
You see it where you live. Youll see it reflected on the news. Youll see it everywhere. Jobs are being created at 3% growth. Entrepreneurism is healthy. Wages are increasing. People are going about the business of creating wealth and accruing wealth for themselves. Its a huge, huge percentage. Imagine economic growth 100% greater than it is today, from 1.5% percent to 3%. I dont mean double the GDP; I mean the rate of growth, double that. Nobody could escape it. Nobody would have any excuse for not noticing it. And thats when Mulvaney is pointing out.
So he said that the priorities in the Trump budget are border security, law enforcement, veterans, school choice, and parental leave. And he insisted theyre gonna build a wall. He says (paraphrased), I dont care what people are telling you or what youre hearing, we are going to build the wall. Everything in this budget fulfills a Trump campaign promise. What Mulvaney has done here on matters economic is put the Trump campaigns promises on paper. And, for you seasoned citizens, nothing in the budget touches Social Security or Medicare. Because Trump promised that he would not, the budget doesnt.
And Mulvaney used the line that I first heard used by Jack Kemp. I could probably try to tell you it was my line because many of you dont know who Jack Kemp was. Well, most of you do, but some of you wouldnt. But Jack Kemp used the line. Ive always attributed it every time Ive used it since. Kemp said, We in the United States do not measure compassion by how many people are receiving federal welfare or benefits. We measure and define compassion by the number of people who no longer need it, who have become self-sufficient and self-reliant.
Jack Kemp. Somebody may have said it before he did, but he was the first, Ive said.
It was a good press conference from Mick Mulvaney. I know presidents budgets always get changed. The Congress does the budget. I understand all that. But I wanted to get this mentioned to you off the top here before we get mired in the weeds on all this other stuff cause youre not gonna hear about this today, and its the reason Trump was elected. These things are among the top two or three reasons Trump was elected, and I just think it important that everybody know that theyre working on these things and that Mulvaney is toiling away at it at his press conference today to announce their objectives.
BREAK TRANSCRIPT
Mulvaney nailed it. He needs to run for something. It was that good. He’s much more articulate than his boss when it comes to numbers.
I heard part of it; he did really well.
He was great with the wall talk about 2 weeks ago. “Remember I said we won’t spend money soon on the wall, a brick and mortar wall? Well we’re not, we’re building this, right now, out of steel, not brick and mortar.” Very funny.
Thanks for posting.
Mulvaney is aces. Really tops.
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