Via The Blaze
Rick Santelli, the man commonly credited with starting the Tea Party movement, took time during CNBC’s “Santelli Exchange” to discuss his thoughts on the U.S. national debt, student loans, and the implications of the recent Greek and French elections.
“Sometimes the math just doesn’t add up,” Santelli said, “But even more than the math, the lesson from Europe and the elections this weekend is simple: nobody is going to volunteer for austerity.”
“Austerity,” of course, refers to the method of dealing with massive amounts of debt through harsh budget cuts and major slashes in public spending; it’s dealing with “past due bills,” as Santelli puts it.
“In this country, the minute you’re born, according to the debt clock, you have about a $50,000 dollar debt — the minute you’re born,” Santelli continued.
“Now that’s per individual…if you’re a taxpayer, it’s closer to $138,000 per head. Now let’s look at what everybody wants to talk about,” Santelli said while circling the word “growth” on his dry erase board.
Read more here.
Via The Daily Caller
On Sean Hannity’s Thursday radio show, CNBC CME Group floor reporter Rick Santelli, considered by many to be the father of the tea party movement, explained to listeners what “progressive” economics means when it comes to energy policy — high gas prices.
“Listen,” Santelli said. “I deal with economists. Progressive economists — they want $10 and $15 gas prices because they think they can have a windmill that will go on my ’64 Pontiac and power me downtown from the ‘burbs every day. It’s reprehensible.”
Santelli explained why energy is an important part of the vitality of the economy and a successful economy means higher energy usage.
Read more here.
