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Howie and Tim Cahill
Title:

Howie and Tim Cahill

Published:Wed, 24 Jun 2009
Description:Massachusetts State Treasurer Timothy Cahill joins us to discuss his strong opposition to the $1 billion in tax increases approved by the Legislature, proposing instead deep cuts in the state’s landmark effort at universal healthcare, calling it a luxury taxpayers can no longer afford.
+Automatically Generated Transcript  (may not be 100% accurate)

" Haven't. Yeah."

" We'll go boot from a new -- world headquarters building. There's here's the holiday goers showed -- a few nights ago. Up tossing and turning trying to figure out exactly what the -- Finally when I couldn't get back to sleep by rolled over and ask Brian Williams what he thought."

" Great thing about them -- what I love this sit down somewhere you know somewhere on the baseline as you can. Here every slump of the walls it comes -- catcher's Mitt here every track. It says we don't like it. This is just one not shot to deep third and it's -- goes through the legs are Howie Carr had a report I advised them that the economy would be helpful for. If you're probably well beyond them. I'm afraid that's true blood the American people have a right to film like this is a tough time right now. What's so incredible to me is how resilient. The American people have been Howie -- junior -- fingers -- knew about the affair before the trip Argentine. Yet there's snow until the rest of I didn't tell my decision hey guys this -- I think I'm going to go."

" powered car WRKO. Radio network. Now coming out the good Jenny Sanford knew what about how we knew about her husband's infidelity but he asked if she asked him to leave a couple of weeks ago so she didn't even -- worry was over Father's Day. Then this because she called it in a statement that she issued to the press just now wait a short trial separation. So will be talking more about this in the days ahead I'm sure. 18774694322. That is the toll free number of the Howie -- sure if you like to join us. We've been. Railing the last few days about the did the increases in taxes over a billion dollars in new taxes in the in the state budget. That was passed by the legislature last Friday and as a sitting on. Governor Patrick's desk he's threatened to veto it but that's rather doubtful especially with these polls going up if he does veto it. So what this day and in this in the morning papers state treasurer Tim Kay hill came out strongly against the one billion dollars in tax increases approved by the legislature. And he instead proposed deep cuts in the State's landmark effort universal health care calling a luxury that taxpayers can no longer afford. And -- joining us now on the line is state treasurer receiver general -- jail -- thanks for being with us on how -- show."

" Thank -- confidentiality."

" So what is this is gonna sort of put -- disrupt what she won the the the right side of the Democratic Party in the state of Massachusetts coming out against these tax increases doesn't."

" Yeah I'd say come on double secret probation right now. Brady get kicked out -- maybe but it's just. You know it we're in a recession. And people don't seem to understand our Beacon Hill that isn't actually in recession is is is probably going to extend a recession. At the very least and and probably not going to bring in the revenue of debt that was anticipated as well. So. You know I've been saying since march of 2008. When Bear Stearns went out of business in this this downfall started that we have to cut spending. And he just keeps keep it just keeps going up and so I I just think I've been consistent I think. About. The fact that tax increases mean that it would we have an operating in the states."

" They they keep talking about these these devastating cuts but that the reality is it's it's only about. A little over 2% to that the budget is bound from thirty year I mean they they're they're like the like chicken little crying -- as --"

" And the problem this year coming up is that we we had gotten really good accounts agree with you we we used to about a billion and half thousand in rainy day money. And at least a billion and half maybe more in in the arms is stimulus money. That we use to plug gaps so this ridiculous budget we've cut at least from what we can -- we've got very little let me mistake payroll. Is higher today than it was some 2000 text byte by a pretty large number I mean weekly we do the payroll every two weeks. And the numbers are higher by eight maybe fifteen or twenty million dollars more than they weren't 2006 so it is layups we're not seeing him on the payroll."

" Are you gonna are you going to run against Deval Patrick. I haven't made a final decision yet I moved sticking about it I am there's a democratic president or as a Democrat or as an independent."

" I haven't decided that you -- I mean that's probably what I'm thinking most about is this is if I was to do how. I'd like to be successful and and what gives -- the best chance of -- trying to govern. In this state because they did this point anyways it appears that we we haven't been able to do it very well what they're Republican governor and a democratic legislature and over the last two years to have -- it's been difficult to do with the democratic governor democratic legislature solves. Are keeping that job and I'm thinking strongly -- What gives me the best opportunity to -- student -- Wendy's our particular --"

" Wouldn't it be tough for you to get the 15% you needed to Democratic Convention. Good to get on the ballot. Especially in church you're hearing a little bit here to the right."

" Yeah I would be very difficult to do. But hey it's doable I think it's doable but the question what kind of -- you have to make you get a 15%. And you have to make -- have to cut deals with people you have to promise some things and at some. And I remember from 2002 I -- get bounced off the belt garden and nobody knew what was that social charge me to do an old true. It's probably going to be harder this way but. And it I never really felt comfortable in that whole scenario anyways how we expect I think the convention is is. Undemocratic continuation."

" actually didn't appreciate that you you were no show I know yeah I know warning your daughter was graduating from high school but you know they exit those people would go to that convention expect to be treated royally. We get free food."

" Yeah well yeah we I couldn't go bad guys had no role to play either so I mean it's pretty clear that if -- they. We've the governor rounds and I'm assuming he's running it in the party's gonna be solidly behind. At least he insiders of the parties know it out and the question comes down to do enough Democrats voted -- September primary. Getting people to listen to you in November as opposed to try to get independents really -- to -- boils down independence which way they go. And do an apple -- a primary are what you have is it a better shot two -- gift from."

" Or would you just be a spoiler you don't want to -- you don't want to go I -- have a powerful job right now you -- you control lot of employees a lot of money. I mean you you did you go do you really want to give that up for for a long shot campaign for governor."

" 80 I wouldn't it -- hold me back the job -- have a minute stay at the end of this term I would -- yes and it's it's better -- get it right are you. Contrary to what people might think I do not want to -- the next Bob Crane I don't want to do this once the chief. Tom ironic and it's been great that's what we're. It might try to do like him but I don't want to be different 26 she -- I don't want to get too much into the culture here Carly and I think it's a blog he's surfing in one Europe the harder it is to retreat. And I'm I don't challenges and I'm not afraid of -- a risk I'm like took a risk to run for the job they gave up my seating off for cutting a lot of people thought I was crazy. He's got a county treasurer's job. Otherwise known as a job right. But about it I try to do it I'm not going to have it in my mind if I do it won't be a -- shot Ahmad a shot at doing it and and I won't. For my Shimmy to a report myself sort of -- to get a real opportunity either added Democrat or as an independent."

" Now you know going going against -- healthcare law from -- 2600. It seems like common sense to me but again it doesn't seem like you're you're you're reaching out to the to the democratic electorate that you -- in a primary anyway I -- who wanted to explain to people -- you think the they -- their -- and they released by the way the the state overall. Bureaucracy and the legislature seems to agree with you that. The health care program does have to be trimmed back."

" Well like it are not opposed universal health care or think we can afford it it's a great thing to do I just think we can afford it. When it was passed in 06 or five it will be different environment but even that I had questions about whether or not. It was shut up to two BP eight for. If not -- not be page -- more taxes on businesses and and I still think that is the missing piece here. But if we just in this environment we can't pay for it what I was -- by the global if we're not if -- are going to raise taxes we'll keep track. They -- to them -- you have to put both health care in education on the table mean it was a big ticket items local -- another but that potential bank -- already this year. In the budget and they can't be any checker -- in when one to health -- budget each up about ten billion dollars of the state budget. You can't ignore it and say that it's off the table so that was Mike comment don't obviously got played as me against universal health care cuts. But -- you know I mean a lot of great things government would like to do -- if you can't afford it. Interests -- if you isn't sensitive you know Bancorp one group of people in order help another group of people what if you will accomplish at the end of the day. And we're bankrupting taxpayers right now -- just action and to give us more money. To do things that we you know can't afford to do."

" How are you one year old -- Doug -- getting along these days."

" We haven't talked a long time. So I was probably for the best."

" delisting a couple of calls them before we before -- go 18774694322. Were speaking to us state treasurer receiver general what ten KL a possible candidate for governor next year against Deval Patrick either as a Democrat or an independent Jeff you're next with Howie -- and a state Treasurer Tim Cahill go ahead Jeff."

" In a -- I actually had a budget question but I just something came across the Internet investigate from a local perspective we may want to mention. I just saw that Mayor Menino just now would urging all Bostonians devote the night before midnight cry get with the local guy rob Dixon. Who's up for the People Magazine community All-Star award to represent the Woodstock."

" You're kidding right. I did I I I'm dead serious I guess I was I had a budget question and an end -- I'm sick community person it's an amendment is that a okay John thank you how well."

" That's thanks for the call Jeff Christine your next with Howie Carr and state Treasurer Tim Cahill go ahead Christine."

" Good afternoon gentlemen. I. You know I have they are a little pitches from they are companies that I used to work butler -- beauty and the battery -- and I wonder when our state pension tax pick their pensions are going to be back."

" That's and that's a recurring question Tim. Wearing do. What did Kate -- a statement public state pensions a lot there's our resentment out there about the fact that they're not taxed."

" Yeah I I -- I I don't know facing going to be -- going forward to be orchestrated. Hopefully they won't be in Albright I remember this year Obama saying that you were going to tax health care plans now to talk about taxing. Health care in order to take your health care so I don't take things off the table. As far as. As far as what what can and can't be taxed but I would argue the only -- that I would support in this point at this time right now. Is they reasonably small gas tax in order to we placed a total reverend. Lou that I -- you know that would mean taking down the polls in order to do there which I think it's a fair way to eight for the Big Dig debt. But I would never focus should be great in taxes at all and in a -- environment like this. Are -- only making it more difficult for people to go out and spend and buy things which is what we want them to do so that we can start to add jobs -- recover from this economy."

" For those of you keeping score at home he just took another stand against the estate democratic. Orthodoxy they don't want to tolls to come down because they don't want those jobs would go away right --"

" Maybe just maybe I -- I don't know it's just it's -- I think it's the only way to really reform the turnpike is just to to do away with it I. I understand it's hard to get rid of those jobs and Andy you know everyone's got someone -- and stuff but. If it's totally. Dysfunction -- it is the most inefficient way to collect money. That means 79 cents out of every dollar it practical sold at. The London after getting paid out and and we're never going to retire the bar so I just think it's just an and I do feel it is a serious issue. Where one portion of this state is paying for a major infrastructure pollutants they are major structure project. Whenever you want should kitchen and that may not help -- in certain parts of the state that don't pay for -- your home loans -- Yeah right -- special -- so I'm taking it doesn't take you want for the team by saying that. -- I don't use -- turnpike get much two in I don't use it to get to work everyday but I think it's here could especially we in this assure. We used a tunnel problem whether they want to get -- from war and we're not paying for itself. But that's the only tax I would argue debt debt would be a reasonable request at this point and only to replace the revenue that's -- and basically brought in by -- tax what you want to call."

" Thanks for the call Christine Alex your next with Howie Carr and Tim -- the state treasurer go ahead Alex."

" Pick I played on good cop on mr. try to -- I. I MIA. Republican and not in Massachusetts. And I want to let you know that. They're fuel -- switch parties I would absolutely. Our support Julia seem like a guy that fiscal concern of impact. I'm not sure -- your position to another issue but a mom got in Europe. Because our social moderate which I think it's right there that they -- gobble up the Republican Party is it pretty much. Nonexistent. And you know when you talk about. Run in calm person they want to offer certain independent. You know you're you're you're campaign money that you partly built up I think. But as far as I know what's so we have ordered transferred so -- so my question is deal why. Bob wouldn't you consider running under Republican -- guarding you going to consider running as an independent so banks are good luck. -- welcome."

" I am I you know I just when he's comfortable for me being a Democrat all these years just to switch over -- got to take got. That big of a -- at the party it is that is so small. I don't even know if it exists I mean when you when you -- the numbers up there are more independents. In this state. And are either Democrats or Republicans and the way I look at it is and one of the things it's hard it's hard to govern. Anywhere we you have to give artists because you gotta -- directly across half the people used mostly working where that. This system I grew -- in which was this city city formal government. Basically cause you to run without a party catch the City Council I was a City Council fifteen years. All the mayors in Massachusetts -- run -- nonpartisan. I think that that's an effective way to govern itself. That's what appeals to me borrow potentially running as an independent it's not taking sides and not making enemies before you even start. And being on the outside trying to work with both sides as opposed is one."

" Works so well hello Christie -- host that he's going back to being a party members down."

" Yep it it didn't and that's that's that's so good that the group that step by that you have they but I think big difference to me as I've got. Forty years of service in government has served in at a pretty high profile place for eight years in what I just finished my term. It right and I hope that I've built up -- And acknowledgment at least what I'm capable of doing to give give it a shot and be perfectly -- out -- these are extraordinary times and it might take a change like this who. To wake people up and down. If not now when it ever going to happen because they said it's it's it doesn't seem to be working. I would either Democrats or Republicans were running the state."

" Do you think devolved and Doug -- planning all these stories about two in the -- in the globe."

" I don't know it keeps maybe just a coincidence. That as I've. Been criticizing the government's policies although Russia is last year I have to -- stories have been popping up so. Eight things cost more in this world are we know that so. What -- it goes forward but I'm comfortable my record. It's not perfect but I can defend it we haven't done anything wrong and if given the chance which not often in my given the chance in the globe. Yeah actually get right side out you know I I think we -- show people that we've run this state. This to treasury anyways and it a straightforward manner it's everything's been bid out and and people -- our business that they've got in the states so I leave the other stuff to the to the conspiracy theorists out there but I'm sure it's not a coincidence."

" your next with Howie Carr and Tim -- go ahead Pam."

" They did and -- that the only sorry I had that. Tammy -- arts irrational to be a Democrat was hit by ID rather -- about Republican and your client. -- better -- to be it Democrat said that you know that wager on the ticket so but anyway I."

" He's got to get 15% of the vote at the convention cam that's no that's no easy assignment -- for anybody especially a guy like Tim Cahill."

" While you're planting a lightweight backe set the -- out. You have to cut deals and and I really love that you said that you know you're Leary what the -- you want to cut but why now why why you do what you want that's what I'm not I'm not out aren't -- Yes maybe yes and it seemed that way or whatever you didn't say -- bad things get elected we do it okay."

" Well I went broke in broad outline now I'm not going to try to get up declined to Ali. Talent there what he had to their excitement."

" They -- call him bill you're next with Howie Carr and Tim Cahill a state treasurer and receiver general go ahead bill."

" They can't vote without having my barn door called welcome a lot of before you do anything. Until this year I -- an idea well I doubt. I don't Ollie but you know all of -- Peabody has -- go he might be our best hope. To have any trade -- it. -- these are totally rational and get our how we don't leave but he yeah I'd love to feel lot of you definitely have my support both -- they actually -- political."

" jewelry the globe he's a really bad man. -- security out of the chorus others like senate -- senate members and that's. -- world bad men and yeah how are you create -- Bob thank you very much. Okay bill bill you're next I mean excuse me Paula you're next with how we guard Tim -- go ahead Paul."

" I campsite I always. Just theoretical question. Connecticut Rhode Island Maine Vermont all have cell stacks as -- Massachusetts. Has anyone ever thought or theorize what would happen if Massachusetts eliminated its sales tax."

" The bill and heart attacks at the Statehouse for star."

" yeah I tried I -- it's this belly up go I'd just like this it's staged fight this fight if I could be successful making it did 5% as opposed to six record our country like we've succeeded. And that's part of the problem I don't think we would ever go down to zero. But keeping at a reasonable cost keeping it below those states like Connecticut and and morality and some of those other states and but obviously anything always there always is purchased at a disadvantage with New Hampshire it I don't to -- any questions that people going to be spending more money in New Hampshire. When -- when this tax giving tax gets increased. They'll be buying more alcohol. Visible from here early success quarter an actual five but from zero right now to success quarter to buy beer wine. Yeah sounds great and it's and it and it the end of the day it's probably America. Bring in less revenue would force the legislature and -- to cut spending anyways I hope spending. If not they'll be adding more taxes --"

" Okay one last question for you tell my you're the you know there's a story on the wires tonight that the turnpike is now on the hook for another 400 million dollars you you know because of the the bid to decline in the bond rating is is that this is -- a serious problem or is that just -- can -- be akin UBS speak. Beat the sort of brushed aside on that."

" Well we're not sure are just heard about a case well and -- Geiger cauldron -- afternoon find out. Right now the state this -- has a sort of a guarantee on the turnpike on this piece of the turnpike debt. -- I don't think it will cost us and they can terminate this this swap that there are threatening to do. -- longest state guarantees stays in place yeah it expires on Tuesday. So the legislature would need to extend it. For another period of time and thus far we've been successful and in sort of threatening -- sort of challenging their right to do it. -- happened to us a few years ago Morgan Stanley which took on the court we beat up."

" Yeah -- is we help body is risky yeah it's it's it's it's it happens and if successful. Because that's 400 million dollars with the chocolate doesn't have."

" Right you UBS is not exactly mr. clean either you know I don't I don't think they want to go through discovery in in any number of are we."

" Told them turnpike out of a couple months ago they -- right back Adam. -- IPO would be safer if the commonwealth guarantee it remains in place so what we would think it would make sense -- to extended for another few months. Until we work this this situation out and hopefully can refinance that swaps so that doesn't cost us anything at some point."

" Okay Tim K -- we appreciate your -- with -- stronger than not you're expected thanks for thanks for staying on under you got a chance here and you know before you make the final decision you should."

" the Bob Crane. Well there's nothing wrong idea. -- You -- okay great thanks Tim that's Tim Cahill Leo state treasurer receiver general. 18774694322. On our car."

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