Tea’d off: Tea Party Won’t Budge on the Budget!

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UYGUR: Now, earlier in the program, we told you about how the Democrats appear to be ready to give up more and more ground. And of course, it‘s not good enough for the Tea Party. They want even more in cuts. In fact, they held a rally today outside the capital as you see there. The crowd is a little underwhelming but they still had a lot of heavy weights there. Pens was there, King was there, Bachmann was there, all their top congressman. And as usual, the message was as blunt as ever. They‘re not giving an inch.

(BEGIN VIDEO CLIP)

REP. STEVE KING ®, IOWA: At $61.5 million, that‘s where the fight came down on HR1, the first CR. All right. So, let‘s fight on that, then. That‘s ground we‘ve taken, let‘s hold it.

(END VIDEO CLIP)

UYGUR: Well, I mean, that‘s exactly what they said, they said, all right, I can‘t believe the Democrats have given us all this. Well, let‘s hold that ground and ask for more. Now, if we gave them $61 billion, everything they wanted. Would it be good enough then?

(BEGIN VIDEO CLIP)

REP. MICHELE BACHMANN ®, MINNESOTA: They gets time to get serious, don‘t you?

Yes.

BACHMANN: And cutting $61 billion in my opinion is a starting point, it is not the goal.

(END VIDEO CLIP)

UYGUR: No, of course not. Because if you you‘re giving 61 billion, they‘re going to ask for 120 billion. If you‘re giving that, they‘re going to ask 240 billion. That‘s what the problem is when you keep giving and giving, you encourage Bachmann as you does that laser—it can goes, oh, my God, I want more cuts.

All right. Now, but there‘s got to be some room in negotiating, right?

(BEGIN VIDEO CLIP)

REP. MIKE PENCE ®, INDIANA: Liberals in the Senate would rather play political games and shut down the government instead of making small down fame on fiscal discipline and reform. I say shut it down.

(END VIDEO CLIP)

UYGUR: Well, he is very clear on that, shut it down. That‘s apparently what the Tea Party wants, but hey, don‘t trust me.

Let‘s bring out a Tea Party guy and found out for ourselves. Justin Phillips is the founder of Tea Party Nation. Justin, thank you for joining us. Well, we got an audio issue. I thought we had an audio issue earlier. Apparently, we do. I don‘t hear, sad day. Here‘s what I‘ll tell you, Justin, is saying in the press at least. He says of course it‘s not good enough. And that the $30 billion in cuts, they‘re not really cuts. It‘s a joke and that, in fact, Boehner should be fired if he goes along with this. I would like to ask him, under what circumstances he should be fired or under what circumstances Justin would be happy but let‘s try again. Justin, do you think Boehner should be fired if he agreed to $33 billion?

JUSTIN PHILLIPS, FOUNDER, TEA PARTY NATION: Hey, good evening. In the immortal words of the Verizon guy, can you hear me now?

UYGUR: Yes, I can. God bless. Go forward.

PHILLIPS: Hey, yes, I actually, I do think he should be fired. As you quoted me accurately, $33 billion is not a cut, it‘s a joke.

UYGUR: Here‘s the thing, Justin. What I‘m curious about, I mean, you get that you‘re negotiating with somebody, right? I mean, like for example, for the tax cuts, I hated them. I didn‘t want any of those tax cuts. I think they blew up the budget. I think they‘re terrible idea. But if you said to me, $400 billion in tax cuts or $800 billion, I would say all right, I‘ll take the $400 billion, because I‘m negotiating with somebody, I give somebody another side. Do you get that on this process that you have to compromise at some point?

PHILLIPS: Maybe you can compromise at some point, but when the House is on fire, you don‘t sit there and negotiating about how long you‘re going to stay. You get everybody out.

We have a $1.65 trillion deficit this year. Our national debt is now equal to our gross domestic product. When are we going to stop spending? When are we going to stop borrowing?

UYGUR: But Justin, what I‘m hearing from you in this regard, you‘re saying maybe I would compromise on some future date, but maybe not today and not on this. You want a hundred percent, you want 61 billion, and even if you got 100 percent of what you wanted, would you still want more?

PHILLIPS: Right now, I want hundreds of dollars in cuts. And hey, let me tell you something, a month ago, the government accounting office came out with a report that said, we could save hundreds of billions of dollars, just by eliminating programs that are not working or that are duplicative. So, I want to know where is anybody in Congress, Republican or Democrats, why are these guys having fights on who gets to introduce the bill that says, let‘s cut hundreds of billions of dollars. Nobody is going to object to cuts of hundreds of billions of dollars that eliminate fraud in waste.

UYGUR: Well, look, there are hundreds of billions of dollars in fraud and waste, I wish there were, that would be easier.

PHILLIPS: Sure, there are, the government accounting office says, there are.

UYGUR: No. That‘s not how it works, look, at this point, in your mind, obviously, Democrats in the Senate can‘t win, when you have no interest in that, but John Boehner also can‘t win, right? I mean, even if he got you the 61 billion, you still want him fired, right?

PHILLIPS: At this point, he‘s not committed to 61 billion, I don‘t even know if he‘s committed to 33 billion. Honestly, I don‘t know what the guy is committed too. He talks a great game when he gets out there on the road, talking to folks outside of D.C., but when he goes back up to D.C., who knows what he‘s doing. But he‘s not cutting the budget. And that‘s what the American people wanted when they put him in power.

UYGUR: You‘ve got to be living in the situation that you‘re in. I know, ideally you would cut it all. There would be nothing, there would be no government. We would live in a wonderful, you know, libertarian anarchy, Ayn Rand inspired, you know, Sharia law, Valhalla, it would be all this lovely things. But in this situation, the Democrats hold the Senate and they hold the White House. So, why should they give you what you want because you want it really bad?

PHILLIPS: Because the Republicans control the House and nobody can make the Republicans in the House appropriate money.

UYGUR: All right, well, then, all right, then Democrats control the Senate and nobody can make them do anything. So, right back at you.

PHILLIPS: That‘s right. The Republicans can stand firm and say guess what? We‘re cutting a whole lot out of this budget. Because we have a fiscal crisis here. Look what‘s going on in Europe. They have a debt crisis, how did they get there? They got into a lot of debt. Well, guess what America is doing.

(CROSSTALK)

UYGUR: Look, if you want an argument about how to cut the budget, you would lose that argument massively in my opinion. And I‘ll tell you why, OK? It‘s because you don‘t want to raise taxes at all. You‘re ignoring one side completely and I don‘t know how you feel about defense. I would be interested in that. But you‘ve got to cut defense. Even if you cut all the discretionary spending you want, you still would have a $1 trillion deficit. So, you‘re going about it all the wrong way. But that‘s not my point. My point is look, right now we‘ve got a situation where the Democrats control the Senate and they control the White House. Why do you think they should bend to your will? That doesn‘t make any sense. You‘ve got the compromise if you actually care about governing?

PHILLIPS: How about, here‘s the reason why they should listen. We had a referendum in November. And guess what, the American people spoke loudly and clearly about what they wanted. So, the Democrats need to pay attention.

UYGUR: All right. Just a little.

PHILLIPS: They‘re going to be out the door in November.

UYGUR: No, I hear you. I hear you. Let me ask you about that. In 2006, the electoral spoke very clearly, overwhelming victories for Democrats. Did you come out after that election and say George Bush should stop it and the Republicans Party should stop, and we should just simply listen to what the Democrats say?

PHILLIPS: Oh, absolutely not.

UYGUR: Oh, really?

PHILLIPS: No, absolutely not, and you know why?

UYGUR: That‘s weird.

PHILLIPS: No, that‘s not weird at all. You know, why, the Republicans were acting just like Democrats. They were big money spenders back then. The American people got sick of it. They said, hey, no difference between the Democrats and the Republicans, we‘ll put the other guys in charge for a while.

UYGUR: So when the Democrats get overwhelming victories, we should listen to the Republicans. And when the Republicans get overwhelming victories, we should listen to the Republicans.

PHILLIPS: We should listen to the conservatives. Because they certainly make a whole lot more sense than the Democrats do.

UYGUR: But, no, that‘s not a logical argument. If you used talking about the mandate of the people in 2006 and 2008, huge mandate, that‘s why the Democrats control the Senate and the White House. But you‘re saying, ignore that will of the people. Just pretend, by the way, you know, you guys are losing support, right? I mean, you see the polls, right? You‘re down to 47 percent popularity in March in terms of the Tea Party. You‘ve lost how many points here, 19 points since January of 2010. You can get the sense that maybe your intransigence isn‘t really working with the American people?

PHILLIPS: Hey, I‘m reminded that the great quote form Israeli, there‘s lies, there‘s damn lies and then there‘s polls.

UYGUR: OK, the polls are inconvenient, and logic is inconvenient.

OK. I hear you.

All right. Justin Phillips, thanks for having the conversation. We appreciate it.

PHILLIPS: Thanks for inviting me.

About William Brighenti

William Brighenti is a Certified Public Accountant, Certified QuickBooks ProAdvisor, and Certified Business Valuation Analyst. Bill began his career in public accounting in 1979. Since then he has worked at various public accounting firms throughout Connecticut. Bill received a Master of Science in Professional Accounting degree from the University of Hartford, after attending the University of Connecticut and Central Connecticut State University for his Bachelor of Arts and Master of Arts degrees. He subsequently attended Purdue University for doctoral studies in Accounting and Quantitative Methods in Business. Bill has instructed graduate and undergraduate courses in Accounting, Auditing, and other subjects at the University of Hartford, Central Connecticut State University, Hartford State Technical College, and Purdue University. He also taught GMAT and CPA Exam Review Classes at the Stanley H. Kaplan Educational Center and at Person-Wolinsky, and is certified to teach trade-related subjects at Connecticut Vocational Technical Schools. His articles on tax and accounting have been published in several professional journals throughout the country as well as on several accounting websites. William was born and raised in New Britain, Connecticut, and served on the City's Board of Finance and Taxation as well as its City Plan Commission. In addition to the blog, Accounting and Taxes Simplified, Bill writes a blog, "The Barefoot Accountant", for the Accounting Web, a Sift Media publication.
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4 Responses to Tea’d off: Tea Party Won’t Budge on the Budget!

  1. Steve Schindler says:

    I would like to be on your mailing list. I am a veteran of Atlanta and D. C. tea parties.
    We need to get our country back before it is to late!

    • Hi Steve:

      How nice of you to write. I posted your comment. Thank you. And please feel free to post as many comments as you wish.

      I salute your service as a veteran, and thank you. God bless you. I do tax returns for a number of Vietnam veterans, and I am in awe of their service and sacrifices. I try to assist them in any way that I can.

      It is my humble opinion that our American government has been taken over by multinational corporations. Politician need vast amount of monies to run for re-election, and lobbyists influence them unduly. We need to get money out of politics.

      There has been a dramatic transfer of wealth since I was born. The middle class is rapidly eroding, with wealth becoming more concentrated in the hands of a small percentage of our population. We need leaders who will represent the working men and women of America. Now with medicare and social security about to be taken away from us, I fear the worst is yet to come.

      Please continue to voice your opinions, even if you disagree with me. That is what makes our country great. The people of our country need to get enlightened and motivated. Your voice and involvement is crucial.

      God bless you. If you are ever in Berlin, Connecticut, please feel free to visit Carole and I. You have my contact information. You are welcomed to eat and share what we have.

      Kindest regards,
      Bill
      The Barefoot Accountant
      Accountants CPA Hartford, Connecticut, LLC

  2. Chuck Eaton says:

    I don’t know if you are stupid or just plain dumb. You and your stupid party are trying to bring down the greatist country in the world just because you are RACIST. You will loose in 2012. Smarten-up dummy

    • At least I know how to spell the word, “greatest.”

      I am not trying to bring down our country. I am trying to publicize how President Barack Obama is representing the rich and the multinational corporations and has failed to address the needs of the working and middle classes in America. Cornel West, a black professor at Princeton University, has called Barack Obama the “black mascot of Wall Street” because Obama is not promoting an agenda of jobs, universal healthcare, and deficit reduction through higher taxes on the rich and a reduction in defense spending. If that is rascist, then you need to smarten up, dummy.

      The Barefoot Accountant

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