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MONEY HOLE 6/16/08 (JK) NOTES: Ramp up government spending language. Escalate beats. Condense final section. (We still need a new Hole type.) Duncan Birch - Strongly in favor of dumping money. If anything, we should dump more money. Has basically proven that the money hole is less fiscally sound than throwing money in the river. Accuses his fellow panelists of being bought off by the Money Hole lobby. (COULD ALSO BE SOMEONE ELSE.) Nancy - Pro-hole. Wants to throw more money in. Leslie Hillerman - Thinks we should allow individuals to have the money to dispose of how they please - burning it, feeding it to dogs, shredding it in industrial fans. Pundit to be named - GRAPHICS: News clippings with bad economic news, editorials calling for the closing of the money hole, a convoy of dump trucks. HOST I'm HOST filling in for Clifford Banes, who TKTK. FOOTAGE: Unemployment lines. Consumers buying things at checkout lines. The U.S. Mint printing money. Dump-trucks. GRAPHICS: Photoshopped picture of the Money Hole: A huge, bottomless pit in the middle of a desert. We see a dump truck on the edge dumping money into it (the truck should look tiny compared to how huge the hole is). A line of other trucks wait in line behind it to do the same. HOST (CONT'D) With all economic factors indicating the U.S. is heading for a prolonged recession, some experts are suggesting that the government should stop dumping money into America's enormous Money Hole. Is it time to close the National Money Hole? All panelists are shocked at the suggestion: "What? Close the Money Hole? No!" PUNDIT That kind of talk is alarmist. NANCY America needs the Money Hole. PUNDIT Driving truckloads of money out into the New Mexico desert and dumping it into a massive pit is one of America's greatest traditions. DUNCAN It's a national treasure. Last month I took my son to the Money Hole to watch him throw his first dollar in. When he realized that dollar was never coming back his face just lit up. LESLIE Look, no reasonable person is advocating that we stop destroying money, but we should let individuals have a say in how it's done. The American people earned that money, they ought to decide how it's destroyed. HOST You're in favor of personal money holes? LESLIE Yes, people should be allowed to dump money into a hole in their own backyard. Or flush it down a toilet. Let the free market decide the most efficient way of destroying money. DUNCAN But Leslie, the Money Hole only works when every American throws their money into it. With private money holes, there's no guarantee all the money will be destroyed. PUNDIT Duncan's right. Some money could blow away, they may not bury it deep enough -- there's too many things that could go wrong. HOST The government already pours gasoline into the Money Hole and lights it on fire to make sure all the money is destroyed. Why mess with a good thing? DUNCAN As they say, you have to throw money down a hole and light it on fire to make money. LESLIE But Duncan, less regulation will increase competition for the most cost-effective way destroying our money. Like shredding it up and feeding it to hogs, for example. PUNDIT I would be open to a compromise where we throw all our money into a river. NANCY No. We just need to throw more money in the Money Hole. HOST So you think increasing the number of dump trucks filled with cash we send there each day would actually help our economy? NANCY Yes! Drop the money in there from money planes. Spray it in with a money hose. PUNDIT Leslie is right about needing to cut back, but if we're talking about closing America's holes, let's close the Soldier Hole or our Energy Hole. Closing the Money Hole shouldn't even be an option. HOST A recent study published in Business Week says America could save millions of dollars if we shipped our money overseas to a lower-cost money hole in countries like Indonesia or Malaysia. Is that something worth exploring? LESLIE Yes. Money is going to going where it's cheapest to destroy it. That's just how economics works. DUNCAN But Leslie, The Money Hole keeps thousands of Americans employed. What about the hundreds of diggers whose job it is to dig the hole deeper? LESLIE Outsourcing our money hole overseas will create new jobs in the money destroying industry. We'll need people to load money onto cargo ships, people to make sure nobody steals the money before it gets destroyed- PUNDIT You tell that to the digger who's worked the graveyard shift for twenty years making sure not a single dollar escapes our Money Hole. Digging the Money Hole is all he knows. LESLIE Why are you so intent on pushing this pro-hole agenda? Is the Money Hole lobby paying you off? PUNDIT I resent that accusation. I don't accept money from special interests. And if I did, I would throw it in the Money Hole because I am a patriot. NANCY If you love America, you throw your money in its hole. HOST What about people who say the money hole is unsafe? Hundreds of children fall in every year. DUNCAN The ones who fall in will be well provided for. There's tons of money down there. END. --------------------------------------------------------- New Alts: HOST Should we close the money hole? PUNDIT No, that would only cause a panic. Closing the money hole would send the message that America might one day run out of money. ---- LESLIE Yes. Allowing people to throw money into a hole in their own backyard would be much more efficient. With the money we save we could invest in newer money destroying technology. ---- **ALTERNATE: ALTERNATES: NANCY I would like to fall in that Money Hole. --- HOST The Wall Street Journal has suggested tripling the size of our money hole, thereby creating more shoveling jobs. PUNDIT Yes, if anything, we should pump more money into the hole and create more money-hole related jobs. DUNCAN Sure, as long as we make sure that the income that is generated by all these new jobs eventually finds its way back to the money hole. PUNDIT We could open more holes. HOST Do you see it as a problem that then there will be more holes to fill. Won't that require more money? THE END -------------------------------------------- NANCY The more money in the Money Hole the better. ---- HOST Well, some people have said it could be a temporary measure -- we could suspend our use of the money hole just until the economy improves. --- Trucking tons of cash to the middle of the desert to dump it costs money. There are simply more cost effective ways of destroying our money. HOST (CONT'D) Such as? --- NANCY Think of all that money the federal government is gonna accumulate. It's just sitting there in a bank. It should all be in the hole. DUNCAN Yes, we'd have to think of all new ways to destroy our money-- shoot it into space, big fireworks displays, national sing a longs. HOST That seems like a lot of work. NANCY I agree. Let's just throw the money in the hole. --- NANCY (CONT'D) What are we gonna do with that hole if we don't throw money into it? LESLIE We could throw any number of things in it -- perfectly good food, clothes that have barely ever been warn, expensive toys that were only played with twice. NANCY That's just plain wasteful [or stupid.] --- NANCY (CONT'D) I am proactive. I find ways for me and my family to destroy money in our own home. We have a large paper mache replica of the white house made out of shredded $100 bills together, for example. --- LESLIE I'm sorry, but that money hole just isn't safe. Children could fall into that money hole. DUNCAN If they fall into the money hole they'll be well provided for. There's tons of money down there. NANCY We can make the money hole safer. Put up more signs and guardrails. PUNDIT And we should make it handicap accessible. NANCY And safe from terrorists. HOST That's true. Last month a CNN hidden camera was able to get inside the money hole. Security around the money hole should be tightened. ---- PUNDIT With the environment in the state it is in, it's ridiculous to be throwing all that money in a hole. We should make an artificial money coral reef that could serve as a habitat for sea creatures. DUNCAN If the environment is the issue, it hardly makes sense to burn the money. We should find some sort of green alternative, such as flooding the money hole with natural sea water or using solar power turbines to blow the money into a canyon. --- HOST An op ed in Business week said we stand to save millions of dollars if we ship our money overseas to a lower-cost money hole in India or Malaysia if we want to save money. Everyone reacts strongly against the idea. NANCY Well, that is terrible idea! HOST I'm just telling you what I read. --- NANCY In addition to the money hole, we should stop burning our excess medicine, turning our gold reserves into glitter, and feeding our wheat stores to funny elephants. OLD ALTERNATES --- PUNDIT I don't know. I remember the time I took my son to the money hole so he could throw a dollar down into it. It was the first thing that he'd done that truly made him feel like an American and I'd hate for other children to miss out on that. DUNCAN That's nothing more than cheap sentiment and anecdotal evidence. PUNDIT I beg your pardon. DUNCAN Let's stick to the issue: how we need that money hole. --- HOST NASA recently announced a new lunar mission for 2016. Should we use that opportunity to shoot all of our money into space once and for all? PUNDIT NASA does have an excellent reputation in this area. We've been pouring billions into it for years and that money has not come back to us once. DUNCAN That seems like a sensible compromise. LESLIE If we shot the money into the sun, I would be in favor of it. DOROTHY That money's gonna burn! DUNCAN Fuck yes, it is! --- DUNCAN (CONT'D) NO! Seeing your federal government throw sacks of money into a hole in a systematic way sends a powerful message that the economy is strong, only getting stronger, and nothing bad will ever happen. -- DUNCAN (CONT'D) If the government were to simply stop trucking tons of money out into the New Mexico desert and throwing it into a near- bottomless pit, that's when I would start to worry. -- PUNDIT We could, perhaps, stand to save some money by not pouring gasoline down the hole and setting it on fire every night. Perhaps we could just throw dirt on top of the money to bury it. NANCY No way. The nightly money fire is the best part of the money hole. --- LESLIE Well, if every state had its own hole then they could control it as it saw fit. That would be an improvement over the current federal hole. -- PUNDIT Flushing it down the toilet, feeding it to hogs, shredding it in a paper shredder.