"..are you ready for this? -- from 1981 to 2008, federal and local governments, state governments as well, have collected half a trillion dollars more in oil tax revenue than oil companies made in profit." -- Judge Andrew Nopolitano, Mo.7Mar11 (see videos below)
video source: http://video.foxnews.com/v/4573402/pain-at-the-gas-pump-get-government-out-of-oil-market/
March 07, 2011
This is an excerpt of a rush transcript from "Glenn Beck," March 7, 2011.
This copy may not be in its final form and may be updated.
JUDGE ANDREW NAPOLITANO, GUEST HOST [for Glenn Beck]:
"Hello, America. I'm Judge Andrew Napolitano, filling in for Glenn this week, who's on vacation.Tonight on the docket -- the price of oil and growing government debt.
The bloody protest in the Middle East and North Africa has sent the price of oil skyrocketing. Oil is trading at a half-year high of over $100 a barrel. And consumers saw a 33 percent gallon gas price jump at the pump just in the last two weeks.
Meanwhile, the federal government continues racking up endless debt. Today, it's $14 trillion. But by the end of next year, if the president gets his way, it will be over $15.6 trillion. That debt is money. You and your children will have to pay back.
Our progeny will be born as financial slaves to the federal government, as they will have their wages tax and spend for spending that occurred before they were born.
Yet, the big government shakedown doesn't stop there. Part of the reason gasoline is so expensive is because of inane and unconstitutional government interference. You see, the government, the federal government is sitting on huge reserves of oil. It places all sorts of nonsensical drilling restrictions on oil companies and it levies huge taxes on gasoline.
video source: http://www.youtube.com/watch?v=H8taOOxctTc
In fact -- are you ready for this? -- from 1981 to 2008, federal and local governments, state governments as well, have collected half a trillion dollars more in oil tax revenue than oil companies made in profit.
So, who is really gouging you?
video source: http://www.youtube.com/watch?v=lOd3YS-wklI
After all of this big government meddling and gasoline and debt, it all means one thing. That gas costs more than it should. And that our children are going to pay for the drug addict like spending addiction of politicians today."
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