Pelosi: It’s really a false argument to say we have a spending problem

posted at 6:31 pm on February 10, 2013 by Erika Johnsen

Classic.

 

Well, I think that sequestration is a bad idea all around. … The fact is, we’ve had plenty of spending cuts. … What we need is growth. We need growth with jobs. … So, again, we have to make a judgment about how do we get growth with jobs, that’s where the real revenue comes from. You don’t get it by… cutting into education, cutting back on investments in science and National Institute of Health, food safety, you name it. … So, it isn’t as much of a spending problem as it is a priorities, and that’s what a budget is, setting priorities. … Nothing brings more money to the Treasury of the United States than investments in education of the American people. … So if you recognize that, which cuts really help us and which cuts hurt our future. And cuts in education, scientific research and the rest are harmful. And they are what are affected by the sequestration. So, it is almost a false argument to say that we have a spending problem. We have a budget deficit problem.

Just let that sink in for a moment. We’ve had “plenty of spending cuts,” and we don’t have a spending problem — “we have a budget deficit problem.” …Yeah, all of those ‘plentiful’ spending cuts are probably the reason we’re on track to add $7 trillion more to our debt in just ten years.

The nonsensical contortions she just made to protect the White House’s sudden panic about the sequester are really quite impressive. On the one hand, I’m almost pleased that she acknowledges that the most efficient and productive way to increase revenue is to increase economic growth — but that is completely canceled out by her belief that government spending is what really drives growth. “Investments” in education are the single biggest thing bringing in the most money to the Treasury? No. Blaming the Bush administration for spending increases? Yawn. One of Obama’s own major economic advisors pointed out that tax hikes hurt growth, but these recent tax hikes are awesome and their effectiveness is about “timing”? What the what?

This all comes down to the Democrats’ refusal to substantively acknowledge and address the urgent need for major entitlement reform, the absolute main driver of our debt, and instead keep slapping on more short-terms band-aids made of government “investments” and “revenue,” a.k.a. tax, increases. The GOP is not impressed with that strategy:

Eric Cantor said today that pushing off the sequester by additional tax hikes was unacceptable.

“We can’t be raising taxes every three months in this town,” Cantor said on Meet the Press today. “The bottom line is we want tax reform, but we want to go plug those loopholes that the president talks about to bring down tax rates because we believe that’s pro-growth and we can get an economy growing again. Let people who earn the money keep more of it. The president is not talking about that. What he’s talking about is trying to raise more taxes for Washington to spend the money.”


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Comment pages: 1 2

Ex-Speaker must remain in that position because she has lost all of the beads on her Abacus. So her explanations of economics always sound like she’s looking for the right bead to help with her credibility and can never find it.

Let’s focus on making Demoncrates understand economics as a household budget, because it is just as simple, as long as one has integrity and honesty how they define expense verses income.

That would mean that Speaker (sic) Pelos’s Botox treatment is not considered (tax free) income.

MSGTAS on February 11, 2013 at 8:39 AM

Bless her black little heart.

antipc on February 11, 2013 at 8:45 AM

The first step in solving a problem is recognizing there is a problem.
Liberalism is truely a disease.

Bevan on February 11, 2013 at 9:12 AM

Bless her little shriveled up black heart.

antipc on February 11, 2013 at 8:45 AM

Fixed it for you.

LoganSix on February 11, 2013 at 9:16 AM

There is no lie too fantasic this twisted witch will not tell.

JackM on February 11, 2013 at 9:19 AM

Obama thinks that taxing you and using the tax money to hire people to work for the government is job creation. Real job creation occurs when people start their own businesses and grow and hire more employees thereby increasing the tax base. Everyone wins. The employer gets rewarded for his investment of time and money, the employee gets a job and the govenrment gets more tax money due to the increased tax base. Socialist fools like Obama do not understand this simple truth and the country suffers because of it. Obama is alot more interested in his perverse socialist agenda that he is in the welfare his fellow citizens.

kemojr on February 11, 2013 at 9:38 AM

Obama thinks that taxing you and using the tax money to hire people to work for the government is job creation. Real job creation occurs when people start their own businesses and grow and hire more employees thereby increasing the tax base. Everyone wins. The employer gets rewarded for his investment of time and money, the employee gets a job and the govenrment gets more tax money due to the increased tax base. Socialist fools like Obama do not understand this simple truth and the country suffers because of it. Obama is alot more interested in his perverse socialist agenda that he is in the welfare his fellow citizens

kemojr on February 11, 2013 at 9:42 AM

This woman is an absolute idiot with no redeeming values.

rplat on February 11, 2013 at 9:48 AM

What we need is growth. We need growth with jobs. … So, again, we have to make a judgment about how do we get growth with jobs, that’s where the real revenue comes from.

This part of Nancy Pelosi’s statement is somewhat correct. We actually get the MOST revenue when the highly taxed do really really well and have more income to tax. Then THEY invest there money with the hope of profits, and jobs start up.

But short of that, when there is a large taxpaying middle class, not a large class of Obama voters, paying nothing.

All her rhetoric is just so she can say we need to in vest in Edue Kashun and in vest in other government spending. I do want to smack her everytime she says spending is investment.

Fleuries on February 11, 2013 at 10:20 AM

It’s really a false argument to say that Nancy Pelosi has a brain.

Battlecruiser-operational on February 11, 2013 at 10:30 AM

Pelosi is a one-female argument against women in government. Shut your stupid face, hag, you’re not fooling anyone with a brain.

MelonCollie on February 11, 2013 at 10:35 AM

You really have to understand our government.

You see, it’s not a crisis when you put a gun to your head .. the crisis begins when you pull the trigger.

In our case, the trigger will be when the Federal Reserve ever lets interest rates float again, the resulting hyper inflation will be the crisis.

J_Crater on February 11, 2013 at 10:38 AM

Well, it has worked for her, hasn’t it? Didn’t Nancy Pelosi somehow manage to go from $25 million net worth to over $100 million net worth in the middle of the worst economic period in almost a century?

JeremiahJohnson on February 11, 2013 at 10:39 AM

I especially liked when she said, “We avow the First Amendment,” when she meant the Second Amendment.

Colony14 on February 11, 2013 at 11:54 AM

So, it isn’t as much of a spending problem as it is a priorities, and that’s what a budget is, setting priorities.

So, Democrats havn’t set any priorities for 4 years now, right Nan?

stick on February 11, 2013 at 2:52 PM

api on February 20, 2013 at 1:12 PM

Comment pages: 1 2