globe. the first in the nation presidential primary is this tuesday. this is about 50 minutes. [applause] good morning. jon huntsman has served his country in various ways throughout his life. indeed, it is because of his deeply held convictions about service to country that he will rise about above the fray in washington. his record was outstanding in reducing taxes. in a spirit of unparalleled courage, he stepped across the partisan divide and accepted the role of ambassador to china, where his business acumen was matched by his diplomatic skills in the face of china s poor human-rights record. governor huntsman s presidential campaign has been defined by fiscal responsibility, energy independence, tax and regulatory reform, as well as an approach to security that emphasizes his keen grasp of postwar realities. please join me in welcoming john huntsman. [applause] thank you. how is everybody this morning? do we have any voters in the room? by show of hands, how many p
not stop start phasing in for about 40 years. all the people were not affected and they did not know about it. this is one of the beautiful things about congress they learned their lesson. all the medicare changes when did they take place? 20 years from now. we could do that under the reagan when we were running $80 billion deficits. now we are running $1.20 trillion deficits. we have $50 trillion and counting and we will have another debt ceiling increase. we are hemorrhaging in america. 42 cents of every dollar is being borrowed to be able to fund the government. think about that, folks. the the young people. nowe saying to them, right this generation of people deserve to borrow 40 cents on the dollar and put the bill to you. you are not on to get any benefit from it. he will simply pay the bill. that is a heavy burden to put on the next generation, $15 trillion. we say it is not that bad, we re managing now with an 1% or 2% interest. when the economy starts percolati