Welcome Guest [Log In] [Register]
Add Reply
Pelosi: I’m all for balancing the budget… in a few decades
Topic Started: Mar 15 2013, 02:00 PM (214 Views)
LTC8K6
Member Avatar
Assistant to The Devil Himself
And it's still Bush's fault...

http://michellemalkin.com/2013/03/15/pelosi-im-all-for-balancing-the-budget/

Quote:
 
During her weekly press conference on Capitol Hill, CNSNews.com asked Pelosi if she agreed with President Barack Obama’s recent remarks that America does not have an “immediate” debt crisis. The U.S. debt as of Wednesday stands at $16.7 trillion.

“Well, I believe that we’re on a path to reduce the deficit,” Pelosi said. “And I would say that — count me as one who would say I want us to be on a path to balance the budget in a number of decades.”

“You can’t do it in one decade,” she said. “Not after what we have been through.” [i.e. a Pelosi speakership - DP]

Pelosi added that there was an “explosion” of debt during the Bush administration.


Quote:
 
Other Dems will undoubtedly find Pelosi’s clarion call to “balance the budget within a few decades” far too fiscally aggressive.
Online Profile Quote Post Goto Top
 
wingedwheel
Member Avatar
Not Pictured Above
The longer the US goes without balancing the budget, the harder it well be to balance in the long run. The debt we are accumulated under 0bama now is only going to make matters worse. And Pelosi says there was an "explosion" of debt under Bush. Well there was a supernova under 0bama!
Offline Profile Quote Post Goto Top
 
Mason
Member Avatar
Parts unknown
.
Moonbat Pelosi.

We are a decade from people rioting in the Streets when we will be forced to scale back the Giveaways and ridulously bloated Bureaucracy.

Crazy Joe should be her opening act.


.
Offline Profile Quote Post Goto Top
 
Rusty Dog
Member Avatar

The explosion of debt that occurred during the Bush Administration didn't start until Nancy Pelosi became Speaker of the House (with Harry Reid in the Senate.). Before that, the deficit was dropping each year of the last five or six years of Bush.
Offline Profile Quote Post Goto Top
 
retiredLEO
Member Avatar

"When the people find that they can vote themselves money, that will herald the end of the republic." Ben Franklin

This is what is going on in the progressive/democratic party, as long as they keep handing out money they will keep getting re-elected. Any mention of welfare reform by the republicans loses votes, these people want other peoples money, as Obama says, it is only fair.
Offline Profile Quote Post Goto Top
 
kbp

retiredLEO
Mar 15 2013, 06:09 PM
"When the people find that they can vote themselves money, that will herald the end of the republic." Ben Franklin

This is what is going on in the progressive/democratic party, as long as they keep handing out money they will keep getting re-elected. Any mention of welfare reform by the republicans loses votes, these people want other peoples money, as Obama says, it is only fair.
Has anyone noticed the number jumping on the the "debt & deficit doesn't matter" ship?

Do they have some secret plan for success they just can't share with us?
Online Profile Quote Post Goto Top
 
Baldo
Member Avatar

I am for paying my bills in a couple of Decades - Baldo

&

I want one of those magic Decimal Machines at the Fed. I would like to add maybe 10 zeroes to my bank account.

Criminals & Thieves have titles in DC
Offline Profile Quote Post Goto Top
 
kbp

We just spent $450 billion on interest alone for fiscal 2011. Ben & Tim's magic accounting reduced the interest paid to $350 billion for fiscal 2012.

The real cost, especially when you add in the loss of revenue from capital being sucked out of the economy into the growing debt market (money NOT invested in the job market), is well over half a trillion per year.

How can anyone, with a straight face, try to convince others that borrowing more will help the US economy?

It's like a half trillion borrowed each each to pay interest on the old debt, a half a trillion borrowed each year to stimulate the economy (as if a dollar spent returns more than a dollar in tax revenue!), and they want us to believe this compounding problem will solve itself SOMEHOW.

That "SOMEHOW" has to have a secret boost for our workers (green market is not helping!) and perfect management of the devaluation game (food stamps are not the answer) ...or we're screwed!
Online Profile Quote Post Goto Top
 
Lodge Pro 345
Member Avatar

Baldo
Mar 16 2013, 12:00 AM
I am for paying my bills in a couple of Decades - Baldo

&

I want one of those magic Decimal Machines at the Fed. I would like to add maybe 10 zeroes to my bank account.

Criminals & Thieves have titles in DC
.
Exactly!

When I'm done my Marathon Spending Spree - we can address the bills in the Mailbox.


Who thinks this is a good idea?

.
Offline Profile Quote Post Goto Top
 
kbp

Lodge Pro 345
Mar 16 2013, 07:37 PM
Baldo
Mar 16 2013, 12:00 AM
I am for paying my bills in a couple of Decades - Baldo

&

I want one of those magic Decimal Machines at the Fed. I would like to add maybe 10 zeroes to my bank account.

Criminals & Thieves have titles in DC
.
Exactly!

When I'm done my Marathon Spending Spree - we can address the bills in the Mailbox.


Who thinks this is a good idea?

.
We should have had a clue when they enacted a bankruptcy law that ALMOST puts credit card debt owed to the Too-Big-To-Fail banks level with debt owed to the IRS.

Keep the printing press running... passing a cut to the banks.
Online Profile Quote Post Goto Top
 
1 user reading this topic (1 Guest and 0 Anonymous)
« Previous Topic · LIESTOPPERS UNDERGROUND · Next Topic »
Add Reply