More from "The Daily Show" interview with Bill O'Reilly

JON STEWART: The big argument in this country right now, between the Democrats and the Republicans, appears to be the Democrats saying that we need to cut spending, BUT we also need to raise revenues.
BILL O'REILLY: Raising revenue is fine, and I'm for that. But you do it in an efficient way: flat tax it, small consumption tax. We have a trillion dollars in --
STEWART: "Small consumption tax"?
O'REILLY: Wait, wait. We have a trillion dollars in the underground economy. There's people (who) are not paying ANY taxes at all -- your cocaine dealers, okay?
(STEWART chortles.)
O'REILLY: All right? They're not filing (taxes). So --
STEWART (interjecting, bewildered): So you wanna legalize cocaine?
(Audience laughs and applauds.)
O'REILLY: I want a consumption tax, so when they buy their Bentleys, they pay two or three percent. So we get SOMETHING from everybody, all right? It's a trillion dollars -- you bring that in, you bring all the income tax rates down.
STEWART: So in your mind, the debt crisis in America is caused by renegade cocaine dealers who are avoiding their social responsibilities.