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

Obama: LeBron 'did the right thing'

President Obama supports LeBron James' decision to wear an "I can't breathe" t-shirt during warmup before the NBA game between the Cleveland Cavaliers and Brooklyn Nets last week.

Al Sharpton, Hollywood's Sony Liaison

In a private meeting with Rev. Al Sharpton at the Greenwich Hotel in New York City Thursday, Sony Pictures chair Amy Pascal told Sharpton that he could have a voice in how the movie studio makes its films.

Clooney: Release 'The Interview' online

George Clooney may have the most awesomely toothy response to the Sony Pictures cyberattack that forced the movie studio to pull the film "The Interview" from its December 25 release.

Jon Stewart might ruin your childhood

Jon Stewart brought his nightmare-inducing recurring character “Gitmo” on the show to talk about the normalization of U.S. relations with Cuba.

Colbert's embargo on the Vatican

Colbert had to chide his audience Wednesday night for getting excited about making “Cuba more libre.”

White House

U.S. confirms North Korea was behind Sony attack and promises ‘proportional’ response

Officials no longer merely suspect North Korea to be behind the cyberattack on Sony Picture—they’ve confirmed it.

District court declares Obama’s executive action on immigration unconstitutional
A federal court in Pennsylvania declared parts of President Obama’s executive actions on immigration unconstitutional Tuesday. Judge Arthur J. Schwab, sitting in the western district of Pennsylvania, said presidents do have the power to use discretion in deciding how to enforce laws, but found that Obama’s recent executive action went much further than that.  He said Obama was writing […]
Obama administration extends Pell grants to juvenile offenders
The Obama administration has set out new guidelines that allow for students sentenced to juvenile correctional facilities to be eligible for federal Pell grants. The U.S. Department of Education and Department of Justice sent out a joint release Monday that clarified an earlier law. Congress in 1994 prohibited inmates at federal and state prisons from receiving Pell Grants […]
White House denies report that it wants to delay release of CIA torture report

The White House is insisting it wants the Senate Intelligence Committee to release its report on CIA torture practices, despite a report that Secretary of State John Kerry is trying to scuttle it.

Kate visits NYC kids; Prince William joins Obama

NEW YORK (AP) — Prince William's wife, Kate, wrapped Christmas gifts, helped preschoolers decorate picture frames and left an impression of a down-to-earth royal as she toured a child development center Monday with New York City's first lady.

Congress

Rubio says Rand Paul is clueless on Cuba

Sen. Marco Rubio made his criticism of a fellow Republican plain Thursday night.

Gowdy's office responds to Speaker chatter

Rep. Trey Gowdy has become a sensation on the Right, with his no-nonsense style and committee hearing takedowns of Obama officials garnering him praise and attention.

Rand Paul: 'Opening up Cuba is a good idea'

Sen. Rand Paul broke with the Republican Party's prevailing argument against President Obama's Cuba policy Thursday, saying the move toward opening trade with the long-embargoed nation "probably" is a good idea.

Retiring DemHenry Waxman's farewell ode to govt

You'd think that, 40 years in, a congressman might grow cynical about the prospects of government meddling. Not retiring Rep. Henry Waxman (D-Calif.)!

Senate Confirms Pro-Gun Control Surgeon General
NATIONAL JOURNAL — The Senate narrowly confirmed a new surgeon general whose nomination was delayed for months in a fight over his comments alleging that guns are a public health issue. The confirmation represents a victory for gun-control advocates, even as recent polling has shown Americans moving in the other direction toward gun-rights protections. The […]