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Clip: Summit on Federal Spending and Job Creation

Clipped from:Summit on Federal Spending and Job Creation
Apr 29, 2011

Clip from Summit on Federal Spending and Job Creation

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00:00:01 FOR EXAMPLE, FOR THE EPA.
00:00:03 THE PEOPLE I WILL POINT TO THAT COMMISSION WILL BE EVERYBODY THAT HAS BEEN ABUSED BY THE EPA.
00:00:12 [LAUGHTER] [APPLAUSE] >> MR.
00:00:34 HERMAN CAIN. [APPLAUSE] PLEASE WELCOME CONGRESSWOMAN MICHELLE BACHMANN FROM MINNESOTA.
00:00:44 [APPLAUSE] >> SOME OF US ARE A LITTLE MORE HEIGHT CHALLENGED IN THE ROOM.
00:00:48 THANK YOU FOR THE WARM INVITATION TO JOIN ALL OF YOU THIS EVENING.
00:00:53 IT IS AN HONOR FOR ME TO BE HERE.
00:00:58 YOU ARE THE EMBODIMENT OF WHERE THIS COUNTRY IS GOING.
00:01:02 YOU PROVED IT IN THE LAST ELECTION.
00:01:06 WE ARE EXTREMELY PROUD OF YOU.
00:01:07 THIS IS THE CORE AND THE NUCLEUS OF THE MOVEMENT HERE IN THIS ROOM.
00:01:12 I WANT TO THANK YOU.
00:01:15 THANK YOU FOR WHAT YOU HAVE DONE.
00:01:21 [APPLAUSE] JUST BEFORE THE LAST ELECTION, ALL OF US WERE WORKING HARD TO CHANGE THE COMPOSITION, NOT ONLY HERE IN THE GRANITE STATE, BUT ALSO IN THE HOUSE OF REPRESENTATIVES AND THE SENATE.
00:01:35 IT LOOKED AS IF WE HAD A GOOD SHOT TO TAKE THE HOUSE AND THE SENATE.
00:01:41 I SAT DOWN WITH MY PEN AND PAPER BECAUSE I WANTED TO WRITE DOWN WHAT WOULD WE DO IF WE ACTUALLY WERE ABLE TO GET THE GAVEL?
00:01:50 WHAT WOULD WE DO?
00:01:52 I HOPE YOU WILL INDULGE ME.
00:01:53 I WANT TO READ TO YOU WHAT I WROTE DOWN ABOUT WHAT WE COULD DO.
00:01:59 IMAGINE A STABLE, ECONOMIC, AND POLITICAL ENVIRONMENT WHERE A JOB CREATOR CAN GET TO BED AT NIGHT ASSURED THE RULES OF THE GAME BUSINESS IS RUN BY IT WILL REMAIN THE SAME IN THE FORESEEABLE FUTURE.
00:02:12 IMAGINE THAT THE FEDERAL GOVERNMENT ANNOUNCED THE FOLLOWING TOMORROW -- A 25% CUT IN DISCRETIONARY SPENDING, ABOUT THE AMOUNT THAT PRESIDENT OBAMA INCREASED SPENDING BY IN HIS FIRST FEW MONTHS IN OFFICE.
00:02:26 THEN WE CAN STILL BE OUTSTANDING STIMULUS THAT WORKED SO WELL.
00:02:30 IF YOU CANCEL THE OUTSTANDING STIMULUS FINES AND RETURN BE REPAID PART BONDS TO THE UNITED STATES TREASURY.
00:02:38 THEN WE WOULD REINSTATE THE 1994 WELFARE REFORM ACT WITH A LIFETIME CAP OF FIVE YEARS.
00:02:45 THAT WAS ONE OF THE FIRST THINGS SPEAKER POLIELOSI DID.
00:02:53 SHE GOT RID OF THAT ACT.
00:02:55 WE NEED TO PUT THAT BACK INTO PLACE.
00:02:58 A BALANCED BUDGET PROPOSED AND PASSED THIS YEAR WITH NO TAX INCREASES.
00:03:03 AND A COMMITMENT TO KNOW INCREASED SPENDING BEYOND POPULATION GROWTH PLUS INFLATION.
00:03:10 IMAGINE THE FEDERAL GOVERNMENT WOULD SEND A LETTER TO EVERY STATE AND LOCAL GOVERNMENT ANNOUNCING IT WOULD NOT NOW OR EVER BAILOUT ANY UNDERFUNDED PUBLIC EMPLOYEE PENSION PLAN OR HEALTH CARE PLAN.
00:03:26 [APPLAUSE] THANK YOU, GOVERNOR WALTER PRIPET THE FEDERAL GOVERNMENT WITHIN ANNOUNCED TO PRIVATE BUSINESSES, BOTH UNIONIZED AND NON UNIONIZED -- UNCLE SAM WOULD DECLARE HIMSELF OUT OF THE FINANCIAL BACKSTOP BUSINESS.
00:03:42 THAT WOULD INCLUDE TELLING WALL STREET INVESTORS THEY HAVE SEEN THE LAST OF FEDERAL BAILOUTS.
00:03:47 THE DICE WALL STREET ROLES WOULD BE THEIRS TO DEAL WITH.
00:03:52 PRICE YOUR RISK ACCORDINGLY.
00:03:54 NEXT, WE WOULD DECLARE GETTING OUT OF AN AWNING PRIVATE BUSINESSES STARTING WITH FANNIE AND FREDDIE -- OWNING A PRIVATE BUSINESS IS STARTING WITH FANNIE AND FREDDIE.
00:04:06 THESE FAILED MONSTROSITIES SHOULD BE PUT ON AN AUCTION BLOCK AND SOLD TO THE FINEST -- THE HIGHEST BIDDER.
00:04:16 THE FEDERAL GOVERNMENT WOULD LEGALIZED COMPETITION IN THE MORTGAGE INDUSTRY AND CONGRESS WOULD SELL GOVERNMENT SHARES IN AIG, THE LARGEST INSURANCE COMPANY IN AMERICA AS WELL AS CHRYSLER, GENERAL MOTORS, BANK OF AMERICA, AND CITI.
00:04:34 IT IS TIME TO GET OUT OF THE PRIVATE INDUSTRY.
00:04:38 [APPLAUSE] UNCLE SAM WITH THEN LEGALIZED PRIVATE STUDENT LENDING.
00:04:45 IMAGINE THAT? THAT WOULD END THE FEDERAL GOVERNMENT'S AND VALL MET.
00:04:50 OBAMACARE WOULD BE REPEALED AND IN ITS PLACE CONGRESS WOULD ALLOW AMERICANS TO PUBLISHED -- TO PURCHASE ANY HEALTH INSURANCE POLICY THEY WANT IN ANY STATE THEY WANT WITH NO MINIMUM MANDATES, USING YOUR OWN TAX-$3, ALLOWING ALL AMERICANS TO DEDUCT THEIR COSTS ON THEIR INDIVIDUAL TAX RETURNS.
00:05:13 THAT IS IT.
00:05:15 YOU CAN GET THAT ALL DONE IN ABOUT 18 PAGES AND WE ARE THERE.
00:05:20 THE EPA WOULD THEN BE SUBJECT TO A FULL REVIEW AND WOULD DOWNSIZE THEIR MISSION FOCUSED ON CONSERVATION, SAFE AIR, AIR, AND WATER.
00:05:31 NO CAP AND TRADE, NOT NOW, NOT EVER.
00:05:36 [APPLAUSE] CONGRESS WOULD THEN LEGALIZE AMERICAN ENERGY PRODUCTION IN NATURAL GAS, HYDRO, WIND, SOLAR.
00:05:44 HAMSTERS RUNNING ON A CASE.
00:05:47 ALL OF US WITH PUBLIC SAFETY REQUIREMENTS AND ALL WITHOUT FEDERAL SUBSIDIES.
00:05:52 WITHSTANDING REDUCED AND UNCLE SAM GETTING OUT OF PRIVATE INDUSTRY, CONGRESS WOULD CREATE A PRO-GROWTH SOCIETY.
00:06:04 IT WOULD CUT CORPORATE TAX DOWN TO 9%, THE LOWEST IN THE INDUSTRIALIZED WORLD.
00:06:12 ZERO OUT CAPITAL GAINS.
00:06:13 ZERO OUT THE DEATH TAX.
00:06:18 INCREASE SECTION 179 EXPENSE INTO ONE OTHER% IN THE YEAR OF PURCHASE.
00:06:23 ALL THE MARGINAL INCOME-TAX RATES WOULD BE NO HIGHER THAN 20%.
00:06:28 WE COULD SIMPLIFIED THIS EVEN A LITTLE FURTHER.
00:06:31 WE COULD TAKE THE FEDERAL TAX CODE, WE COULD SCRAP THAT THING ALTOGETHER AS FAR AS I AM CONCERNED AND ADOPT A NATIONAL CONSUMPTION TAX.
00:06:45 SOME CALL IT A FAIR TAX.
00:06:47 AS FAR AS I AM CONCERNED, A FAIR TAX OR A FLAT TAX, LET'S GET RID OF WHAT WE HAVE AND START OVER.
00:07:00 [APPLAUSE] FINALLY, I WOULD HAVE CONGRESS PASS THE MOTHER OF ALL REPEAL BILLS TO REPEAL THE LAST FOUR YEARS OF NANCY PELOSI, HARRY REID, AND OBAMA.
00:07:13 [APPLAUSE] THAT WOULD BE A PLEASURE.
00:07:16 JUST LIKE THE DEMOCRATS SAY THEIR BIG SPENDING, BIG GOVERNMENT PET PROJECTS, SO TOO SHOULD PRO-GROWTH REPUBLICANS PASSED A MASSIVE REPEAL BILL THAT DOES AWAY WITH GOVERNMENT RULES AND REGULATIONS THAT KILL AMERICAN JOB GROWTH.
00:07:35 IN MY OPINION, THAT SHOULD TAKE COMMITTED CONSTITUTIONAL CONSERVATIVES A LONG WEEKEND TO GET IT DONE.
00:07:45 [LAUGHTER] DRINK YOUR ENERGY DRINK, AND THE WAY WE GET.
00:07:50 HERE IS THE OUTSIDE. IMAGINE CERTAINTY.
00:07:52 IMAGINE DOWNSIZING GOVERNMENT.
00:07:54 IMAGINE -- IMAGINE THE GOVERNMENT NO LONGER ON IN PRIVATE BUSINESSES.
00:08:03 IMAGINE LEGALIZING NEW BUSINESS OPPORTUNITIES.
00:08:05 IMAGINE COMPETITIVE TAX RATES.
00:08:08 IMAGINE THE FREEDOM TO SUCCEED.
00:08:09 WE CAN DO THE [APPLAUSE]
00:08:11 IS. IT REALLY IS NOT THAT HARD TO PUT OUR HOUSE IN ORDER.
00:08:18 THIS DREAM CAN BE OUR REALITY IN LESS THAN TWO YEARS IF WE WIN THE TRIPLE CROWN OF THE HOUSE, THE SENATE, AND THE WHITE HOUSE.
00:08:27 I KNOW IT CAN HAPPEN.
00:08:30 I FOUGHT AGAINST OBAMACARE.
00:08:37 SOME OF YOU PATRIOTS ANSWER THIS CALL.
00:08:40 HE RESPONDED BY COMING TO WASHINGTON, D.
00:08:43 C. TO FIGHT AGAINST SOCIALIZED MEDICINE.
00:08:45 I WANT YOU TO KNOW THAT I AM COMMITTED TO NOT RESTING UNTIL OBAMACARE IS FINALLY REPEALED.
00:08:54 IT WILL HAPPEN.
00:08:55 DO NOT GIVE UP HOPE.
00:08:58 [APPLAUSE] HERE IS WHY I KNOW IT WILL HAPPEN -- IT IS AMERICAN INGENUITY THAT HAS GIVEN US THE GREATEST NATION ON EARTH.
00:09:06 LET ME END WITH THIS ONE STORY -- POLIO WAS A KILLER.
00:09:11 IT NOT ONLY DEVASTATED CHILDREN AND ADULTS, IT DEVASTATED OUR ECONOMY.
00:09:15 A PRIVATE CHARITY, MARCH OF DIMES, WORKED TOGETHER WITH OTHER ORGANIZATIONS AND WERE ABLE TO BRING ABOUT THE IMMUNIZATION BY JONAS SALK.
00:09:26 IT CHANGED THE COURSE OF HISTORY.
00:09:29 AMERICA HAS DONE THAT THROUGHOUT HISTORY, AND WE CAN DO IT AGAIN WHETHER IT IS ENERGY, HEALTH CARE -- YOU NAME THE SUBJECT, WE ARE CAPABLE IF WE CAN GET OUR HOUSE IN ORDER.
00:09:54 THANK YOU. [APPLAUSE] >> CONGRESSWOMAN, IF THE VOTES WERE NOT IN PLACE TO REPEAL OBAMACARE FULLY, WHAT STEPS DID YOU TAKE IT WOULD BE MOST EFFECTIVE TO ROLL IT BACK?
00:10:05 >> WHAT WE SHOULD BE DOING RIGHT NOW IS PULLING -- IS FULLY DEFUNDING OBAMACARE.
00:10:14 WE SHOULD NOT GIVE ONE TIME TO PUT THIS FRANKENSTEIN INTO PLACE.
00:10:19 THAT IS SOMETHING THE HOUSE OF REPRESENTATIVES CAN DO.
00:10:22 REMEMBER -- PRESIDENT OBAMA DOES NOT HAVE ACCESS.
00:10:26 HARRY REID DOES NOT HAVE ACCESS TO ONE DIME OF YOUR MONEY UNLESS AND UNTIL THE HOUSE OF REPRESENTATIVES AUTHORIZES THAT MONEY.
00:10:35 IF YOU HAVE CONSERVATIVES IN CHARGE OF THE HOUSE OF REPRESENTATIVES, WHY IN THE WORLD WOULD WE GIVE EVEN AT ONE TIME TO END LATE THIS MONSTER?
00:10:44 THAT IS WHERE WE HAVE OUR.
00:10:47 THAT IS WHERE WE NEED TO STAND.
00:10:48 THAT IS THE LINE IN THE SAND THAT WE NEED TO DRAW RIGHT NOW -- DEFUND OBAMACARE.
00:11:00 [APPLAUSE] >> OUR NATION'S DEBT WHEN IT STANDS AT $14.
00:11:04 30 TRILLION AND WE ARE ABOUT TO EXCEED IT.
00:11:06 WHAT SHOULD BE DONE THIS SUMMER WHEN THE LIMIT IS REACHED?
00:11:10 >> MY OPINION IS WE SHOULD NOT INCREASE THE DEBT CEILING.
00:11:16 [APPLAUSE] I BELIEVE WHAT WE HAVE TO DO NUMBER ONE IS STAND FOR THE FULL SEASON CREDIT OF THE UNITED STATES OF AMERICA.
00:11:23 WE HAVE A BILL BEING SPONSORED BY REPRESENTATIVE TOM QUINN THOUGHT THAT SAYS THIS -- IT DIRECTOR TIMOTHY GEITHNER, WHO HAS A TAX PROBLEM OF HIS OWN, TO TELL HIM HE IS MANDATED TO FIRST PAY OFF ALL DEBTS OF THE UNITED STATES, ALL INTEREST AND ALL OBLIGATIONS SO WE DO NOT PUT THE CREDIT OF THE UNITED STATES AT RISK.
00:11:51 I AM HERE TO TELL YOU, AND I BELIEVE YOU WILL AGREE, WE ARE IN TROUBLE NOW.
00:11:57 NOT 10 YEARS FROM NOW, NOT FIVE YEARS FROM NOW?
00:12:01 WE ARE IN DEEP TROUBLE NOW.
00:12:04 YOU CANNOT ALLOW US TO CONTINUE TO GO ON IN THE UNITED STATES CONGRESS AND SPEND MONEY THAT WE DO NOT HAVE.
00:12:12 WE ARE PAYING A PRICE FOR THIS NOW.
00:12:15 WHAT WE HAVE TO DO IS HAVE A VERY REAL CONVERSATION TODAY WITH EVERY SEGMENT OF OUR POPULATION -- YOUNG, OLD, BLACK, WHITE, POOR, RICH -- ALL OF US.
00:12:29 WE ARE ALL AMERICANS AND WE ARE ALL IN THIS TOGETHER.
00:12:32 WE HAVE TO HAVE A CONVERSATION TODAY ABOUT WHY THIS YEAR WE SHOULD LOOK AT HOW WE ARE GOING TO BALANCE OUR BUDGET THIS YEAR.
00:12:41 HAVE THOSE CONVERSATIONS THIS YEAR ABOUT MEDICARE, MEDICAID, SOCIAL SECURITY, DISCRETIONARY SPENDING, NOT DISCRETIONARY SPENDING.
00:12:52 HAD IT THIS YEAR.
00:12:53 OUR NATION IS CAPABLE OF THIS CONVERSATION.
00:12:56 THE AMERICAN PEOPLE ARE NOT CHILDREN.
00:13:00 THEY ARE ADULTS. THEY LOVE THIS COUNTRY.
00:13:01 I COME FROM THE STATE OF MINNESOTA WHERE ON OUR BIRTH CERTIFICATE -- AND I DO HAVE ONE -- GENERALLY SPEAKING, THEY STEP DEMOCRAT ON YOUR BIRTH CERTIFICATE IN OUR STATE.
00:13:14 I GREW UP IN A DEMOCRATIC HOUSEHOLD.
00:13:19 A LOT OF THINGS I KNOW ABOUT INDEPENDENTS AND DEMOCRATS, THEY ARE REASONABLE, FAIR MINDED PEOPLE.
00:13:25 IF WE ROLL OUT WHERE WE ARE AT RIGHT NOW IN THE UNITED STATES, I BELIEVE IN REASONABLE, FAIR- MINDED AMERICANS.
00:13:38 I DO.
00:13:40 YOU DO.
00:13:41 AND I THINK MOST AMERICANS WILL VOTE THAT THIS COUNTRY GOES ON.
00:13:47 >> CONGRESSWOMAN MICHELE BACHMANN.
00:13:54 [APPLAUSE] >> THANK YOU.
00:13:59 >> I WANT YOU TO TAKE NOTE OF THIS, LADIES AND GENTLEMEN -- FIVE POTENTIAL CANDIDATES FOR THE REPUBLICAN NOMINATION, FIVE SPEECHES, QUESTIONS TO EACH -- WE ARE FINISHING 12 MINUTES AHEAD OF SCHEDULE.
00:14:15 GIVE THEM A HAND, BY THE WAY.
00:14:18 [APPLAUSE] THANK YOU FOR COMING.
00:14:21 LET'S MAKE SURE AS THE NEXT YEAR UNFOLDS WE HAVE THE MOST DIRECT CONVERSATION POSSIBLE ABOUT THE ECONOMIC FUTURE OF OUR COUNTRY.
00:14:30 WITH THAT, I WOULD LIKE TO WELCOME BACK UP OUR HOST FOR THE EVENING.
00:14:47 [APPLAUSE] >> A LITTLE TALLER THAN THE CONGRESSWOMAN.
00:14:52 WHAT I WANT TO REMIND EVERYONE OF WHY WE CAME TONIGHT -- FIRST AND FOREMOST, THAT WAS TO HONOR THE CONSERVATIVE OF THE YEAR FROM NEW HAMPSHIRE.
00:15:12 [APPLAUSE] SECONDLY, I WOULD ALSO LIKE TO THANK THE POTENTIAL PRESIDENTIAL CANDIDATES FOR A HEARING TO ARE VERY COMPLEX LIGHTING SYSTEM OF RED, GREEN, AND YELLOW OVER THERE.
00:15:24 THANK YOU. THIRDLY, I LIKE TO REMIND ALL OF YOU IF YOU'RE NOT AWARE, AS YOU LEAVE, JUST A COUPLE OF IMPORTANT NOTES -- THERE IS A SILENT AUCTION OF THE LEFT-HAND SIDE AS HE WALKED OUT THE DOOR.
00:15:34 THERE IS A DOCUMENT THAT ALL THE POTENTIAL CANDIDATES HAVE SIGNED.
00:15:39 THERE'S A PICTURE OF THE CAPITAL THAT WOULD BE A GREAT MAN INTO.
00:15:44 ADDITIONALLY, IF YOU WOULD LIKE MORE INFORMATION ABOUT OUR FOUNDATION, YOU CAN GO TO THE WEB SITE AT AMERICANSFORPROSPERITY.
00:15:56 ORG. LASTLY, THERE IS A POSTER THAT EVERYONE WILL RECEIVE AS YOU LEAVE THIS EVENING.
00:16:03 THERE IS A PICTURE OF ALL THE INDIVIDUALS WHO SPOKE TONIGHT.
00:16:06 WE HAD SOME OF THE INDIVIDUALS IN THOSE.
00:16:11 -- WE HAD SOME OF THE INDIVIDUALS SIGNED THOSE.
00:16:16 I WOULD ASK THE REVEREND TO COME BACK UP AND CLOSE OUR EVENING ON TIME.
00:16:22 YET HE IS NOT HERE, IS THERE ANOTHER REVEREND IN THE HOUSE?
00:16:30 [LAUGHTER] ANY OTHER REVEREND?
00:16:31 HERMAN CAIN, CAN YOU COME UP AND GIVE US A CLOSING STATEMENT?
00:16:35 HERMAN CAIN.
00:16:49 [APPLAUSE] >> LET US PRAY.
00:16:54 ALMIGHTY GOD, WE GIVE THANKS FOR YOU BEING THE CREATOR OF ALL THINGS.
00:17:04 WE GIVE THANKS FOR THIS GREAT NATION AND THAT WE GIVE THANKS, O LORD, FOR LIFE ITSELF.
00:17:14 WE THANK YOU FOR THE FELLOWSHIP ON THIS EVENING AND WE THANK YOU, DEAR MASTER, FOR GIVING US THE OPPORTUNITY TO BE A PART OF THE GREATEST COUNTRY IN THE WORLD.
00:17:28 THE FOUNDING FATHERS DID THEIR JOB.
00:17:32 WE PLATE -- WE PRAYED FOR STRENGTH THAT WE CAN BEAT THE DEFENDING FATHERS.
00:17:38 THIS IS OUR PRAYER, DEAR LORD.
00:17:40 AMEN.
00:17:48 [APPLAUSE] >> THANK YOU VERY MUCH AND HAVE A GOOD EVENING.
00:17:54 [CAPTIONING PERFORMED BY NATIONAL CAPTIONING INSTITUTE]
00:17:57 [CAPTIONS COPYRIGHT NATIONAL CABLE SATELLITE CORP.
00:27:31 2011] >> THANK YOU FOR THE ENCOURAGEMENT.
00:27:49 >> HE BROUGHT A LOT OF ENERGY WITH YOU.
00:27:53 >> THANK YOU.
00:27:55 >> YOU NEED TO COME TO PHILADELPHIA AND SOUTH JERSEY.
00:28:03 SOUTH JERSEY IS A BASTION OF LIBERALS.
00:28:06 WE WILL SET YOU UP, OK?
00:28:08 >> ALL RIGHT.
00:28:11 THIS IS SO GOOD, YOU MIGHT NEED TO GIVE ME THIS ONE.
00:28:17 [LAUGHTER] >> YOU CAN HAVE ONE OF THEM IF YOU WANT.
00:28:20 THEY ARE BOTH ABOUT THE SAME.
00:28:27 >> THAT WAS A GOOD PICTURE.
00:28:29 WHERE DID YOU GET THOSE FROM?
00:28:33 TAKE CARE.
00:28:34 WHAT IS YOUR NAME?
00:28:35 >> IAN.
00:28:38 I AM PLEASED TO MEET YOU.
00:31:53 >> I
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