Tuesday, February 12, 2013
BROTHERS (AND SISTERS) CAN YOU SPARE A TRILLION?
Here is financial wizard Nancy Pelosi, House Democratic Leader, on the state of the country’s budget situation.
“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.
So, it is almost a false argument to say that we have a spending problem. We have a budget deficit problem.”
This gentle reminder of the nation's bloated entitlement spending came after Pelosi, in an interview with "Fox News Sunday," challenged those calling for more cuts.
White House Press Secretary Jay Carney countered Pelosi’s, (ahem), interesting take on deficit spending. "Of course, the president believes that we have a spending problem," Carney said Monday, adding that the problem is "specifically driven" by health care spending. "And that's just a fact."
Pelosi was aligning herself with Obama in calling for Washington to avert a looming round of budget cuts -- by replacing them with a blend of cuts and tax hikes.
The cuts are set to kick in March 1 and will impact the Pentagon more than any other single department. Republicans want the package replaced with a less arbitrary slate of cuts. But Pelosi argued that more cuts would hurt the economy, and in turn do little to close the deficit.
I guess I cannot argue with Pelosi's claim that the government has a deficit problem….I simply reject the notion that this has nothing to do with overspending.
That’s what a deficit is-you spend more than your earn!
And Ms. Pelosi seems to have all of the budget savvy of a teenager in the mall with their parent's credit cards.
The government’s overspending exceeded $1 trillion for each of the past four years, adding $6 trillion total to the national debt during President Obama's first term.
People-King Obama and his cheerleader Pelosi don’t care about this debt!
They won’t have to pay it back-your children will!
This irresponsible behavior cannot be remedied simply with tax increases…we need to cut up Washington’s credit cards.
First step-admit that Washington has a rather severe spending problem.
Even many in the Democratic Party concede that the growth in entitlement spending -- on Medicare and other budget gobblers -- needs to be checked.
I’m sure Emporer Obama will give us a stirring speech about “investing in our future” during his State of the Union address.
When have you seen excessive use of credit work well as an investment vehicle for any of your friends?