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Rick Santelli Explains Difference Between A Democracy And A Republic

RICK SANTELLI: You know, this country is a republic. And I'll tell you, there's a lot of various forms of government, but this really is important. A republic and a democracy are pretty much identical, pretty much on every level. Except for one. And this is where I think the fiscal cliff and Simon referring that, you know, president holds all the cards. I don't know that that flies. The difference is, in a republic, the sovereignty rests with every individual person. With a democracy, it rests with a group. And this is a big distinction. Because we elect leaders to represent us. So when they go to Washington, they are there for a reason. The president doesn't hold all the cards. The cards are evenly split up! Now, we had Senator Mark Warner on the other morning. (Clip of Sen. Warner wanting to give POTUS the power to raise U.S. debt ceiling)

Oh, my goodness! What does he think, it's a monarchy, a dictatorship? You know, various forms of government are very inefficient.These are very inefficient. We are a republic, very inefficient. If you want a really efficient form of government, you have a king or a dictator. And in the end, you hope it's a benevolent one. But then you could get things done. There's no lurching, there's no bumps. That's the cornerstone of checks and balances.

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