George H.W. Bush: “We don't have anybody dumb enough to figure it out. Here's what they're saying. He is saying he wants to raise $150…”

“We don't have anybody dumb enough to figure it out. Here's what they're saying. He is saying he wants to raise $150 billion in new taxes, and then this gentleman is right, because there are a lot of other proposals where you'd have to get the money to pay for it. And he says, ``I will tax the top 2 percent.'' The top 2 percent means you go down to $64,000 to start with. Then, to pay for the $220 billion in spending--and that doesn't consider how much his health care plan and these other things would cost--you get down where you're hitting everybody at $36,000. Then, to do all the spending for all the programs, you nurses, you cab drivers, you guys that are assisting in the field, watch your wallet, because he is not going after just the rich guys. He's doing it the way the Democrats have always done when they control both ends, going right after your pocketbook. So the math does not add up. And it is tax and spend, tax and spend. They kept saying it is not tax and spend, and it is. When he talks about--he uses the word ``investment.'' And I'll repeat this: He uses the word, the Government ``investing.'' The Government does not create wealth. It's the private sector that does. So free that up and keep the Government constrained. Now, who is next? Herb. The Environment”