Conservative radio host Rush Limbaugh on Friday painted a horrifying picture of “what things will look like” if the United States stays on the “road that we are on.”
“The road that we are on takes us back to the Great Depression,” he said. “That’s what things will look like: People lined up for food, shelter. It’s gonna be ugly. People will be losing their savings and their pensions and their investments, in any number of ways.”
Limbaugh said when a country truly “collapses” the value of money “evaporates” or the government “takes it, confiscates it.”
“Folks, the Reverend [Jesse] Jackson himself has personally suggested that government actually confiscate everybody’s pensions,” the radio host continued. “He says, ‘There’s trillions of dollars there. We need it. We need it for benefits.’ Don’t think that can’t happen. Pension, your investments, gone.”
He also warned Americans who are currently invested in tax-free municipal bonds, asking what happens when one day the IRS introduces a new regulation that removes the tax exemption from municipal bonds. They will suddenly become “worthless,” he added.
Listen to the segment via the Daily Rushbo below: