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On Rick Santelli's "Meet The Press" Appearance, A $113 Trillion Future Rounding Error
http://www.zerohedge.com ^ | 2-20-11 | Tyler Durden

Posted on 02/21/2011 8:44:34 AM PST by Whenifhow

Today, appearing on Meet The Press, in addition to Susan Rice, Dick Durbin, Lindsey Graham, Jennifer Granholm, Harold Ford, and Ed Gillespie was CNBC's uber contrarian voice, Rick Santelli. The topic: reigning in government spending, a topic which will be with America until its last bond issuance, sometime in the next 5 years. And while Rick was quite subdued this time around (it seems the CBOT voice only sees red when confronted with the likes of Steve Liesman), he did compare the crisis facing America now to the events from 9/11... "I think this is an issue that needs to be put out into the air and see--many, many other states, ultimately, might have--not have the same balance sheet as Wisconsin, but I think, ultimately, collective bargaining, even from a federal level, these are big issues, and these costs need to be put under control. If the country is ever attacked like it was in 9/11, we all respond with a sense of urgency. What's going on on balance sheets throughout the country is the same type of attack."


TOPICS: Business/Economy; Foreign Affairs; Government; News/Current Events
KEYWORDS: federalbudget; middleeast; ricksantelli; spending; wisconsin; wisconsinshowdown
Full title: On Rick Santelli's "Meet The Press" Appearance, A $113 Trillion Future Rounding Error, And The Metamorphosis Of The American Dream To A Nightmare

Clip from Meet the Press: http://www.msnbc.msn.com/id/3032608/#41691739

Transcript: http://www.msnbc.msn.com/id/41669778/ns/meet_the_press-transcripts

1 posted on 02/21/2011 8:44:37 AM PST by Whenifhow
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To: Whenifhow

Budget ping


2 posted on 02/21/2011 8:46:26 AM PST by Beaten Valve
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To: Whenifhow
We need present cuts, not future cuts. We need present cuts at all levels of government.

Why is this so hard? It's hard because nearly all of our seniors and too many of our other citizens are on the public dole. The welfare mentality has thoroughly infected the American public.

All Americans, even those on the public dole, must sacrifice with present cuts now.

3 posted on 02/21/2011 8:51:49 AM PST by Walts Ice Pick
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To: Whenifhow
The Union Fight in Wisconsin Means Trouble for Munis
4 posted on 02/21/2011 8:52:36 AM PST by FromLori (FromLori">)
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To: FromLori

5 posted on 02/21/2011 8:54:22 AM PST by FromLori (FromLori">)
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To: Whenifhow

All because this country threw common sense out the window. We passed expensive stuff year after year because people wanted it, with zero regard for what it cost. The politiscammers who didn’t fund pensions and spent zillions elsewhere

Should be in jail.


6 posted on 02/21/2011 8:56:55 AM PST by Williams (It's the policies, stupid.)
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To: Williams

All because this country threw common sense out the window. We passed expensive stuff year after year because people wanted it, with zero regard for what it cost. The politiscammers who didn’t fund pensions and spent zillions elsewhere

Should be in jail.
^^^^^^^^^^^^^^^^^^^
Some may not realize it, but there are state employees that are not members of a union, so collective bargaining is not the issue, in that situation.

The issue is that the previous governors stole from the pension fund. I recall Beck showing pension funds of SEIU and also the states. He showed that the funds were taken.


7 posted on 02/21/2011 9:03:25 AM PST by Whenifhow
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