Mark Levin: This is 'frightening'

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TABLE. I HAVE HERE THE GOVERNMENT ACCOUNTABILITY OFFICE DOCUMENT THAT NATION'S FISCAL HEALTH. MAY 2023. ISSUED A COUPLE WEEKS AGO, THIS WAS ISSUED TO EVERY LEADER IN CONGRESS BY THE EXECUTIVE BRANCH. THE GAO IS ONE OF THE BEST OF THE ENTITIES OUR GOVERNMENT HAS, WHAT DO THEY SAY. WHY DO WE CARE. IT SAYS: >> BALANCE OF CURRENT REVENUE, RESOLVE IN DEBT GROWING FASTER THAN THE ECONOMY, THIS IS UNSUSTAINABLE. THE GOVERNMENT NEVER WRITES REPORTS LIKE THIS OR SPEAKS LIKE THIS. IT CONTINUES: CBO, HAS STATED HIGH AND RISING FEDERAL DEBT IS A FISCAL CRISIS. UNDERLYING CONDITIONS DRIVING UNSUSTAINABLE FISCAL OUTLOOK POST, SOCIAL CHALLENGES HAVE NOT ADDRESSED. THEY ARE TRYING TO SAY, THE ECONOMY COULD COLLAPSE. COULD COLLAPSE. THEY GO ON: THEY ARE SAYING WE'RE NOT AT WAR, THE THE ECONOMICS BALANCEDDED 3 OUT OF LAST 4 YEARS. FOR EXAMPLE, DEBT HELD BY PUBLIC, GREW DURING ECONOMIC EXPANSION OF JUNE 2009 TO FEBRUARY 2020, IT DID NOT GROW DURING THE ECONOMIC EXPANSION FROM MARCH OF 1991 TO MARCH OF 2001. PRIOR DECADE. THIS IS PRETTY SHOCKING STUFF FROM THE BUREAUCRACY. INDEPENDENT AN -- ANALYSIS EMPHASIZE: >> TWICE THE SIZE OF THE ECONOMY BY 2051, GET YOUR THIS REPORT IS AVAILABLE TO THE PUBLIC. HOW MUCH -- HOW MANY NEWS REPORTS REFER TO THIS DOCUMENT, NONE AND THERE IS MORE, SOCIAL SECURITY AND MEDICARE, THEY ISSUED A REPORT, THEY PUT OUT A MESSAGE TO US, RIGHT OUT OF INTERNET. IT SAYS: >> WHAT ARE WE TALKING ABOUT? THE HOSTILE INSURANCE TRUST FUND WILL BE ABLE TO PAY, MEDICARE 100% OF TOTAL SCHEDULED BENEFITS UNTIL 2031. 3 YEARS LATER THAN REPORT LAST YEAR, AT THAT POINT FUNDS WILL BECOME DEPLETED. 2031. FUNDS RESERVES WILL BE DEPLETED. OLD AGE AND SURVIVORS INSURANCE. BULK OF SOCIAL SECURITY TRUST FUND PAY 100% OF TOTAL SCHEDULED BENEFITS UNTIL 2033. 2033. THAT IS FRIGHTENING. SO THEY FEEL THAT BOTH THESE FUNDS WHEN COMBINED, IF YOU COMBINE THEIR PERIOD OF TIME, 20 34, THEN THERE IS NOTHING, YOUR GOVERNMENT STOLE ALL OF THE MONEY. SO, HOW MANY PEOPLE HAVE READ THIS REPORT? THIS REPORT GOES FROM TRUSTEES AND EXECUTIVE BRANCH ON LEADERS IN CONGRESS, IT COMES OUT OF THE EXECUTIVE BRANCH AS DOES THE GAO, IT IS EXECUTIVE BRANCH AND BIDEN WHO ARE PUSHING SPENDING IN WAYS THAT WE'VE NEVER SEEN BEFORE, HERE IS THE LETTER THAT GOES TO CONGRESS. WHEN YOU WATCH THE THIS DEBATE. THEY DON'T TALK ABOUT THIS STUFF. YOU SAY, MARK, THAT IS WHY KEVIN McCARTHY CUT A BAD DEAL. YOU THEN DEAL THAT ORIGINALLY VOTED FOR IT WOULD PUT US ON PATH TO FISCAL SANITY. I HATE TO TELL YOU THIS, NOTHING THAT REPUBLICANS PROPOSE WILL PUT US ON A FACT TO FISCAL SANITY, YOU COULD TAKE MORE CONSERVATIVE MEMBER. AND NOTHING THEY PROPOSAL FIX IT. THEY MIGHT SLOW IT, THERE MATE BE A RESPITE OF A YEAR OR TWO, REASONS THE HOUSE OF REPRESENTATIVES IS UP FOR ELECTION EVERY TWO YEARS. NUMBER TWO, SYSTEM IS BROKEN. KEVIN McCARTHY I THINK HAS BEEN A TERRIFIC SPEAKER OF THE HOUSE. HE HAS PUSHED THE INVESTIGATIONS, THEY PASSED LAWS INVOLVING PARENTAL RIGHTS AND ON THE BORDER, AND THEY SIT THERE IN SENATE, THEY HAVE DONE A GREAT JOB AS FAR AS THAT, AND PULLED TOGETHER HIS REPUBLICANS AS BEST WE CAN, WE HAVE SOME THAT ARE UPSET WITH FISCAL SITUATION, I THINK TO MYSELF, WHAT ARE THEY GOING TO DO ABOUT IT THERE WAS A SENATOR TOM FROM OKLAHOMA, A GREAT MAN. HE GOT CANCER, HE RETIRED FROM SENATE TWO YEARS EARLY. HE IMMEDIATELY JOINED CONVENTION OF STATES. HE SAID I'VE BEEN HERE A LONG TIME. I'VE BEEN FIGHTING THIS BATTLE ON THE BUDGET, NOBODY DID IT BETTER, HE SAID THIS IS HOPELESS. THIS SYSTEM IS BROKEN. RATHER THAN TRASHING KEVIN McCARTHY, OR TRASHING ANY OF THESE PEOPLE, MAYBE HE COULD HAVE GOTTEN A BETTER DEAL, MAYBE NOT, DOES NOT REALLY MATTER. IT DOESN'T MATTER, I READ TO YOU WHERE WE'RE GOING, NOTHING THEY DISCUSS LAST WE'RE ADDRESSES SOCIAL SECURITY OR MEDICARE. THE TRAJECTORY KEEPS GOING UP, IT MIGHT ABOUT LIKE THIS UP AND UP. I WANT TO READ ARTICLE 5 OF U.S. CONSTITUTION. THE CONGRESS: >> THE FIRST MODE, 2/3 OF BOTH HOUSES PROPOSES AN AMENDMENT, THAT HAS BEEN DONE 27 TIMES, AND SECOND METHOD BEFORE DONE. SEPTEMBER 15, GEORGE MASON, ONE OF GREAT FOUNDERS, REALLY UNDER APPRECIATED, HE STANDS UP AND SAYS WE CANNOT LEAVE IT TO CONGRESS TO FIX CONGRESS. THEY ADDED LANGUAGE, HERE IS WHAT GEORGE MASON SAID: >> THE GOVERNMENT IS OPPRESSIVE. THEY LOOK AT RECORD AND ONE OBSERVER SAID NOTHING, THERE IS NOTHING TO SUGGEST THAT FRAMERS INTENDED TO BE PROCESS. IN FACT, JAMES MADISON CONSIDERED FATHER OF THE CONSTITUTION WROTE ABOUT THE METHOD OF AMENDING THE CONSTITUTION. WHEN NULLIFICATION WAS GROWING, IN 1830, STATES, SLAVE STATES IN PARTICULAR, WELL BEFORE THE CIVIL WAR, SAID WE CAN GET OUT HERE AND NULLIFY WHAT FEDERAL GOVERNMENT DOES, MADISON SAID YOU CAN'T DO, THAT YOU BOUNDING YOUR YOURSELF TO A CONSTITUTION, YOUR CITIZENS OF U.S. CITIZENS. CHECK OUTLETTER TO EDWARD EVERETT, A SCHOLAR THE OPENING ACT IF YOU WILL, HE GAVE SPEECH THE BATTLEFIELD. IN LETTER HE SAYS NO, AND REFERENCES NULLIFICATION, WHY DOES THIS MATTER? OUR CONSTITUTION CAN SAVE US, WE HAVE CONSERVATIVES IN HOUSE AND SENATE WHO ARE UPSET, NOT ONE GETS UP ON FLOOR AND TALKS ABOUT ARTICLE 5. WHY? THEY KNOW, I KNOW, YOU KNOW, IF YOU DIDN'T BEFORE, YOU DO NOW. WE'RE ON A HORRENDOUS PATH, NO BILL PASSED BY CONGRESS WILL FACE IT. I'M ALL FOR TAKING AS MUCH CONSERVATIVE PRINCIPLES AND APPLYING THEM AS POSSIBLE. BUT WE HAVE A STRUCTURAL PROBLEM. IF DIDN'T HAPPEN YESTERDAY, IT HAS HAPPENED OVER A HUNDRED YEARS, OUR CONSTITUTION GIVES US A WAY OUT. IF THE STATE LEGISLATORS AND SENATORS WOULD UNDERSTAND THEIR POWER. UNDER ARTICLE 5, THERE ARE NOW 20 STATE LEGISLATORS THAT ADOPTED A RESOLUTION FOR A CONVENTION. NOT A CONSTITUTIONAL CONVENTION, A CONVENTION OF STATES, THAT SAY MEETING OF STATE DELICATES, THEY USED TO HAVE BEFORE A CONSTITUTION, YOU DON'T HAVE A CONSTITUTIONAL CONVENTION. YOU STILL NEED 34 STATES TO ASK FOR IT AND 38 STATES TO RATIFY. IT IS NOT EASY. BUT I HAVE TO ASK MYSELF, WHERE ARE MY FELLOW CONSERVATIVES IN THE HOUSE AND SENATE? WHERE ARE THE CONSERVATIVES RUNNING FOR PRESIDENT, RON DeSANTIS, VIVEK RAMASWAMY, THEY HAVE SUPPORTED THIS. PERHAPS THERE ARE OTHERS I'M NOT AWARE OF, IF YOU WANT TO SAVE THE COUNTRY, FISCALLY, THIS IS WHAT YOU HAVE TO DO. WHAT SHOULD WE PROPOSE? I WROTE A BOOK, THE LIBERTY AMENDMENTS, I WANT TO READ THIS TO YOU, SPENDING: >> YOU HAVE TO MEET THE DEADLINE. SECTION TWO: >> I PROPOSE THAT NEEDS THIS BE IN THE CONSTITUTION. SECTION 3: >> PERIOD. SECOND 4: >> THAT ALLOWS GROWTH IN THE BUDGET. BUT IT PUTS A GDP CAP ON IT YOU ARE NOT GOING ABOVE THAT AMOUNT, THAT WAS FREEMAN'S IDEA, IT IS BRILLIANT. SECTION 5: >> WE HAVE A DEBT, WE CAN PAY IT IT NEEDS TO BE WITHIN THE BUDGET AMOUNT. >> SECTION 6: MARK: IN CASE WE GO TO WAR. THE BOTTOMS INCREASE DURING WAR. AND SECTION 7:A. >> IT IS OUT OF CONTROL NOW. THIS AMENDMENT SHALL TAKE AFFECT IN FOURTH FISCAL YEAR AFTER THE RATIFICATION. . . I HAVE A TAX SECTION TOO. SECTION 1: >> SECTION 2: >> YOU PAY YOUR TAXES, NEXT DAY, IF YOU VOTE IN PERSON, YOU VOTE. THE CONSEQUENCES OF ACTS OF CONGRESS AND PRESIDENT, ARE KNOWN AND FELT THE DAY YOU VOTE. SECTION 3: >> WHEN SOMEONE DIES, LEAVE THEM ALONE. SECTION 4: >> I WAS THINKING YOU LIMITED 15%, I DON'T WANT THEM TO GET AROUND IT WITH A VALUE ADDED FACT OR NATIONAL SALES TAX OR SOME THERE ARE SCHEME. AND SECTION 5: >> MY QUESTION TO YOU AMERICA, WHILE THEY ARE PUTTING AROUND IN CONGRESS, McCARTHY VEHICLE DONE BETTER, MAYBE, WE SHOULD HAVE DONE THIS OR, THAT THEY ARE PLAYING ON A FIELD THAT HAS ALMOST RELEVANCEY TO WHERE WE ARE HEADED, THE SYSTEM IS BROKEN, CONGRESS BROKE IT THE PRESIDENT BROKE IT THEY BROKE IT UNDER FDR, AND EVER SINCE, WE HAVE COURTS INVOLVED AND BUREAUCRACY AND IRS INVOLVED. ENOUGH, CONVENTION OF STATES ARTICLE 5. STATE LEGISLATORS TIME TO STEP UP, 20 OF THEM HAVE WE NEED 14 MORE, YOU WANT TO FIX THE COUNTRY THAT IS HOW YOU FIX IT, IF YOU ARE A CONSERVATIVE IN HOUSE STALK ABOUT IT IN THE SENATE TALK ABOUT IT. YOU HAVE NO ROLE, YOU CAN HELP US PROMOTE IT. THAT IS' AT LEAST IN SIGNIFICANT PART
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Channel: Fox News
Views: 655,494
Rating: undefined out of 5
Keywords: life liberty and levin, life liberty and levin fox news, life liberty and levin show, life liberty and levin today, mark levin, mark levin fox, mark levin fox news, mark levin mono, mark levin monologue, mark levin show, mark levin today, debt ceiling budget deal, debt ceiling bill, debt ceiling deal, inflation, economy, house of representatives, us senate, congress, joe biden, kevin mccarthy, biden, mccarthy, debt default
Id: AvdXVXLehIE
Channel Id: undefined
Length: 18min 21sec (1101 seconds)
Published: Sun Jun 04 2023
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