[speaker001:] well I don't know what to do about the federal budget um there certainly been ideas surfaced uh recently um matter of fact repeatedly by many people and I sort of wonder what your what thoughts you had on that area
[speaker002:] what the uh the first one is we need people in there that that understand uh numbers and the numbers that are being thrown around when when we're talking in trillions of dollars
[speaker001:] um-hum
[speaker002:] uh which is an astronomical sum and and the people that are talking these numbers have no concept of what that number means um
[speaker001:] now are you are you talking about the elected people or are you talking about others um-hum
[speaker002:] the elected people yes um-hum our our our Senate and Congress and and people that that deal everyday and and what's going to be done with those monies
[speaker001:] yes
[speaker002:] um and don't really understand what that is or how a budget even works
[speaker001:] um-hum
[speaker002:] uh we need to elect people that are more uh or
[speaker001:] I'm not sure how you would achieve how would you achieve that I mean if
[speaker002:] well let's let's make them have a degree in economy uh or economics
[speaker001:] uh so you would trust the decision making economists
[speaker002:] you you well
[speaker001:] sometimes called the dismal science
[speaker002:] yeah but but people people that that know the value of a dollar that understand the value of a dollar
[speaker001:] uh-huh yes
[speaker002:] um when in in in the the uh lobbyists needs to be eliminated
[speaker001:] um-hum um-hum
[speaker002:] uh from Congress um
[speaker001:] yes
[speaker002:] they don't make pragmatic decisions they make a decision based on constituency constituency
[speaker001:] yes
[speaker002:] instead of a decision based on what they really believe
[speaker001:] um-hum
[speaker002:] um you know the the or or they tack on these uh pork bellies and and do things that that are good for their area to pass something that is that is not good for the country
[speaker001:] right so so you would favor a law which said there could not be lobbyists I mean right now lobbyists require to register you'd just say
[speaker002:] oh I definitely I definitely would yeah get rid of them
[speaker001:] love that make them all no causes that you think the lobbyists would be good for
[speaker002:] totally uh I I think that any company or anything that wants to contribute to a fund should be able to do that
[speaker001:] um-hum
[speaker002:] and be registered with what they ever contribute contribute but they should not have a one-on-one relationship with the people making the decisions that affect them
[speaker001:] um-hum
[speaker002:] that that's a conflict of interest as far as I'm concerned
[speaker001:] yeah
[speaker002:] when you're talking again uh billions and trillions of dollars
[speaker001:] um-hum
[speaker002:] uh you're you're you're jeopardizing the future of the country uh for today and that
[speaker001:] so uh you talk about jeopardizing the future would you be against any deficit spending
[speaker002:] I I think to bring it in line you're going to have to have a generation that's going to really bite the bullet to bring it in line you can't ease into it it took years and years to build up the momentum that's there now
[speaker001:] um-hum
[speaker002:] uh I I I forget the figures on the interest rate but it's something like uh hundreds of thousands of dollars a second
[speaker001:] um-hum
[speaker002:] in interest part of the problem is we don't loan from ourselves we we buy from intimate international banking that's why we have interest
[speaker001:] yeah um-hum
[speaker002:] and and I I really I really feel that that that is part of the problem that we we've let things get so out of control that that we don't wanna put the brakes on them
[speaker001:] but what what practical steps could one could one take um
[speaker002:] by by having a a a budget that is is feasible that is reasonable
[speaker001:] well but everybody will say that he is for that
[speaker002:] oh of course yeah
[speaker001:] uh and and and how will you make that actually happen
[speaker002:] and then add on to it you take the gross national income
[speaker001:] um-hum
[speaker002:] and you say our budget is X number of percent of this gross national income one thing we could do is give a ten percent income tax
[speaker001:] um-hum
[speaker002:] across the board everyone no matter what pays a ten percent income tax
[speaker001:] yep sounds like a good idea nothing escapes right no no deductions nothing just ten percent
[speaker002:] uh that's right right no deductions you pay a ten percent income tax that's what you pay if you make forty million dollars uh then you're going to pay four million if if you make forty dollars you're going to pay four dollars
[speaker001:] yep right
[speaker002:] and and that's it
[speaker001:] yep so that that's it that's I mean I I agree with that that's a good idea idea and is it your expectation that that would raise the total revenues collected or or lower them or what
[speaker002:] and I don't know that it that it would or wouldn't