We’re being crushed under trillions in debt and this battle-axe says we don’t have a spending problem. How do we lose elections to these morons?

House Minority Leader Nancy Pelosi (D-Calif.) said that the looming sequestration is “a bad idea all around” and called for a balance of spending cuts and closing tax loopholes in order to avoid it.

“It is almost a false argument to say we have a spending problem. We have a budget deficit problem that we have to address,” she told Fox News’s Chris Wallace on Sunday.

The Democratic House leader said she backed a “big, bold proposal,” to curb long-term spending, and, short of that, a plan that ended subsidies for large oil companies and eliminated loopholes in the tax code.”It isn’t as much a spending problem as much as it is priorities,” she said at another point, arguing that tax subsidies were a better target than cuts to programs such as education.

“Nothing brings more moned to the Treasury of the United States than investment in education of the American people, so we have to recognize that,” she said.

You know what brings more money into the Treasury than anything? Tax cuts. A recent poll showed 83% of Americans think spending is the problem. Pelosi clearly is in the minority.

http://www.jammiewf.com/2013/delusional-...ending-problem/

Quote: Eglman wrote in post #1

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We’re being crushed under trillions in debt and this battle-axe says we don’t have a spending problem. How do we lose elections to these morons?

House Minority Leader Nancy Pelosi (D-Calif.) said that the looming sequestration is “a bad idea all around” and called for a balance of spending cuts and closing tax loopholes in order to avoid it.

“It is almost a false argument to say we have a spending problem. We have a budget deficit problem that we have to address,” she told Fox News’s Chris Wallace on Sunday.

The Democratic House leader said she backed a “big, bold proposal,” to curb long-term spending, and, short of that, a plan that ended subsidies for large oil companies and eliminated loopholes in the tax code.”It isn’t as much a spending problem as much as it is priorities,” she said at another point, arguing that tax subsidies were a better target than cuts to programs such as education.

“Nothing brings more moned to the Treasury of the United States than investment in education of the American people, so we have to recognize that,” she said.

You know what brings more money into the Treasury than anything? Tax cuts. A recent poll showed 83% of Americans think spending is the problem. Pelosi clearly is in the minority.

http://www.jammiewf.com/2013/delusional-...ending-problem/

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Quote: Palinista wrote in post #2

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Timothy Geithner said in an interview with Chris Wallace that we can use the money saved from ending the wars and add it to the balance sheet. When Wallace told him that it did not make mathematical sense to add money that wasn't going to be spent, that it doesn't exist, Geithner doubled down on stupid and stuck to his guns.

In normal times, Geithner could have been laughed out of his job as Treasury Secretary. Now, his logic spreads throughout the Capitol. How many other people that rule in Washington live in a world of make-believe mathematics? All of them? Most of them?

I think most of them. I don't believe that there are many that actually look at the numbers and want to deal with the problem. As evidence, I use all of our unfunded liabilities.

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