Nancy Pelosi says it’s “almost a false argument” to say the U.S. has a spending problem

There really isn’t a spending problem in Washington, according to House Minority Leader Nancy Pelosi.

“It is almost a false argument to say we have a spending problem,” she said. “We have a budget deficit problem that we have to address.”

Pelosi gave an exclusive, pre-taped interview to Chris Wallace, which aired on Fox News Sunday this week. The two of the them spent the first part of their interview talking about the looming sequestration, and the best strategies for avoiding it. And while Pelosi advocated a balanced solution, for the House Minority Leader and her fellow Democrats, spending cuts really aren’t a big part of the solution.

“The fact is, we’ve had plenty of spending cuts,” she told Wallace. “$1.6 trillion in the Budget Control Act. What we need is growth — we need growth with jobs.”

Wallace questioned Pelosi’s assertion that tax increases need to be part of the sequester avoidance plan — especially since he noted even a 100 percent tax on those making more than $1 million a year wouldn’t even match the projected deficit for this year — and kept pushing her hard on spending cuts.

“Are you really saying that in a government that spends $3.5 trillion a year, that increased federal discretionary spending by 14 percent over the last four years, you can’t find $85 billion to cut, to avoid sequester?” Wallace asked.

Pelosi said that certain subsidies had been cut, but Wallace again called her out.

“But why not just cut spending?” he asked. “$85 billion in a $3.5 trillion government.”

Pelosi countered with a familiar Democratic card and blamed the Bush administration for the financial situation of the nation. Wallace responded that the debt increased by $5 trillion under President Obama, which Pelosi blamed on trying to avoid the fiscal cliff.

During the interview, the House Democratic leader also struggled to remember exactly what the income limit was for the fiscal cliff tax increase — an increase to 39.6 percent from 35 percent for families earning more than $450,000 and individuals earning more than $400,000. She said it was “a very good thing” to raise taxes “on people making over, uh — the high end of our population.”

Comments

Comments

  1. The problem isn’t spending it’s that the government is spending with the wrong mind set.
    You see the government and all businesses in general operate with the idea citizens are corporations who always has money even when unemployed and businesses are corporate property. “18th amendment”
    When the government has to change it’s mind set and think Citizens are people and businesses are businesses and corporations are corporations.
    The government is going with the Tax more and prey policy it don’t work. Higher taxes means less jobs.
    Our economy needs to become one of job creation.
    The secret to prosperous economy is not taxation it’s not a massive military it’s not subjected people. It is industry look at our economy after world II the US was the largest manufacturer after that and because of this we grew in to a super power. Now our government is trying live in that shadow.

    To fix this economy what needs to be done.
    Change the constitution to return the meaning of People back into citizens of the united states.
    Cut taxes on industry.
    Create grants for american citizens to start up industrial businesses with in the united states.
    Permit a tax break time of 2 years on new businesses and corporations. Because that is the make or break time.
    Also in areas of high unemployment give the government authority to seize condemned “Abandoned” property to be developed into a businesses then sold to it’s people as long as it is for the purpose of creating jobs.

  2. Roger Mitchell says:

    Having ran and growing my own business for 45 yrs All I would say is the Gov at any level is incompetent and lacking any real business intelligence . Yet the locust state and Federal Governments are the nations largest employer’s and if any real business or simple household ran their budgets like the Gov’s do we would all be bankrupt the tax well is running dry as my old granddaddy used to say you can’t get blood from a turnip .
    Economics 101 don’t spend what you do not have hoping a windfall check will arrive in your mail box before the check clears .

Polititainment

George Will to Colbert: Liberals don't want change

Conservative commentator and hapless Chicago Cubs fan George Will swung by "The Colbert Report" Tuesday to plug his new book, "A Nice Little Place on the North Side," but naturally, the conversation didn't stick to baseball.

Clay Aiken: voters 'might wonder'

Former "American Idol" runner-up Clay Aiken concedes that voters "might wonder" about his candidacy for Congress for a new ad.

Los Angeles GOP #StandingWithSriracha

Forget #StandWithRand -- the GOP is now choosing to #StandWithSriracha.

WH responds to 'Deport Justin Bieber' petition

Despite the pleas of more than 270,000 Americans to deport Justin Bieber, the White House has chosen not to weigh in on the issue. However, the Obama administration did use a petition calling on the White House to revoke the pop artist's visa to plug President Barack Obama's plan for immigration reform.

Secret Service once threatened Mr. Met

Mr. Met sure has a lot of fans in New York. But the larger-than-life mascot definitely doesn't have one in the Secret Service, who threatened to shoot and kill him if he approached President Bill Clinton, according to a firsthand account.

White House

Donald Trump is really upset with the way Obama walks

President Barack Obama just can't seem to do anything right, especially in the eyes of real estate mogul Donald Trump.

Obama misses 67 percent of his shots playing basketball at Easter event

President Barack Obama went 1-for-3 shooting baskets at a White House Easter event Monday, prompting basketball scouts to question the leader of the free world's scoring ability ahead of this June's NBA Draft.

PETA is peeved with Michelle Obama and used little girls to tell her about it

First Lady Michelle Obama has earned the ire of three young girls. But they're not upset with her less-than-filling "Let's Move!" school lunches. Instead, these youngins are upset about the real eggs used in the White House Easter Egg Roll.

Jay Carney: “Never been a more transparent administration”

Despite consistent objections by journalists that the White House overly restricts press access, Press Secretary Jay Carney believes that there has "never been a more transparent administration."

Jay Carney: Toughest interview for Obama in 2012 was with Jon Stewart

Give comedian Jon Stewart a gold star sticker. The host of The Daily Show was President Barack Obama's toughest interviewer during the 2012 election cycle, White House Press Secretary Jay Carney said on Thursday.

Congress

Arkansas US Sen. John Boozman having surgery

LITTLE ROCK, Ark. (AP) — U.S. Sen. John Boozman is undergoing surgery at an Arkansas hospital.

Republicans are winning the Twitters this year

Congrats, Congressional Republicans -- you're winning the Twitters so far in 2014!

Rep Black: GOP budget makes a path to a bright future

Our nation is $17.4 trillion in debt and out of control Washington spending has no end in sight. In fact, the nonpartisan Congressional Budget Office estimates that on our current trajectory we will return to $1 trillion annual budget deficits by the year 2022.

Cruz: Impeach Holder

Sen. Ted Cruz (R-Texas) pulled no punches when criticizing Attorney General Eric Holder on Thursday, as he called on Congress to impeach the Department of Justice head.

Pelosi: GOP not acting on immigration because of race

House Minority Leader Nancy Pelosi (D-Calif.) pulled the race card when speaking about Republicans' inaction in passing comprehensive immigration reform and said "race has something to do" with the GOP not bringing such legislation to the House floor.