enthusiasm for politics may have waned and it is a difficult task to take that and transfer it to this election. thank you. we told you it would happen and it is, voters leaving one state, going to another, in a tax revolt. and now the election fallout. stay tuned. my nasal allergies are ruining our camping trip.
the flurry that come in the winter. you have them if you have certain income from outside your employer or other requirements. right, and right now, it s only if you buy a service at a business. if you re a small business and purchase a service you have to declare on a 1099. right now you have to declare goods, as well. anything over $600. if you buy computer paper or office supplies. office supplies? whatever it might be. and democrats want to close the tax gap. people aren t reporting all of their income. that s right, this mythical pot of money that s hiding behind the rainbow they re going to get and it s created a huge, new burden for businesses and a the lot of democrats are even worried about it. evan bayh said we ought to repeal this. exactly. paul: that brings up a broader tax revolt. it s not at the white house or the treasury, but we re seeing
the flurry that come in the winter. you have them if you have certain income from outside your employer or other requirements. right, and right now, it s only if you buy a service at a business. if you re a small business and purchase a service you have to declare on a 1099. right now you have to declare goods, as well. anything over $600. if you buy computer paper or office supplies. office supplies? whatever it might be. and democrats want to close the tax gap. people aren t reporting all of their income. that s right, this mythical pot of money that s hiding behind the rainbow they re going to get and it s created a huge, new burden for businesses and a the lot of democrats are even worried about it. evan bayh said we ought to repeal this. exactly. paul: that brings up a broader tax revolt. it s not at the white house or the treasury, but we re seeing
the tax revolt that happened and sweeping the country with the reagan revolution, but the problem if you focus exclusively on taxes, you allow the government to do what it did throughout the bush and obama years which is finance a dramatic expansion by borrow oing and piling up debt and that all has to be paid for in the long term. it will put a crushes burden on our children and grandchildren. we want to have a revolt now about spending and cut spending now before we hit a crisis. you know, there s this old saying you have to spend money to make money and economists said several years ago and certainly in the last year and continue to say now that the feds had to spend this money because it took extreme measures to prevent the economy from totally collapsing. what do you say to that? well, this is the old myth. it s based on single entry book keeping. the idea when the government spends a dollar, it s simply putting a dollar into the economy. the reality is every dollar the govern
bailouts to the banks, we could have had a depression with unemployment at 25%. neil: and fact of the matter is, once estarted the process, the voters, who aren t too dumb worldwide, what you do for one, you do for others, extend from banks to auto industry to the mortgage industry, to anyone who s having difficulty, buying a home to anyone who s having difficulty securing a college loan and they see where this leads and they say, why did you even start the process. it leads to a thing called greece, portugal or spain. no. invariably and people know that. and ben i want to remind you all about something. arnold schwarzenegger came into office on a tax revolt, the voters threw the last guy out. neil: true. because they didn t like his increased taxes. arnold came in and said, oh, my gosh, i ve got to raise tacks, too, and term limited out, so it s not a matter of throwing him out. it s extremely unpopular and a new election in california faced with the same problem.