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Pelosi: ‘We Have Had Plenty Of Spending Cuts’

From an unfazed Politico:

Pelosi: ‘We’ve had plenty of spending cuts’

By JOHN BRESNAHAN | February 20, 2013

House Minority Leader Nancy Pelosi says the tens of billions of dollars of spending cuts under sequestration that kicks in on March 1 can be avoided through eliminating tax subsidies for oil companies.

Which just goes to show how out of touch Ms. Pelosi is. There are no tax subsidies for oil companies. They pay the same tax rate that any manufacturer pays who deal in finite resources. In fact, it is probably much like the deductions Ms. Pelosi and her husband get for their (non-union) winery.

Moreover, even if these tax rates were raised on oil companies, it would only net about an addition $10 billion dollars a year in revenue. Which is a drop in the bucket compared to the money that even the modest cuts under the sequester would save. (The total cuts for 2013 will be $109 billion dollars, according to a White House report.)

And, of course, this higher cost would be passed along to the consumers, which would devastate the economy even further.

"The fact is we’ve had plenty of spending cuts, $1.6 trillion in the Budget Control Act. What we need is growth," Pelosi said in an interview on "Fox News Sunday." Slashing spending indiscriminately, she said, would hurt growth prospects for the U.S. economy.

"It is almost a false argument to say we have a spending problem," the California Democrat asserted.

This is almost as big of a lie as the lie Harry Reid has been trotting out. (See below.) Can’t we find public servants who are better than this?

Pelosi didn’t rule out additional spending cuts, but called for new revenue to reduce the projected $845 billion deficit this year.

"What we do need is more revenue and more cuts," Pelosi said. "What I would like to see that is a big, balanced, bold [budget] proposal. Short of that, we must do something to avoid the sequester."

"We have made the cut in terms of agriculture subsidies, there are tens of billions of cuts there. That should be balanced for eliminating subsidies for Big Oil," Pelosi added. "It isn’t as much as spending problem as it is a priorities."

Pelosi opposes cuts to education and health programs.

There will be no cuts. There will be a fractional reduction in their skyrocketing growth.

Meanwhile, On ABC’s “This Week” back on February 3rd, Harry Reid twice claimed that there had already been $2.6 trillion dollars cut from the budget, from non-defense programs.

(Reid’s claims about the $2.6 trillion in cuts start about 11 minutes in.)

‘This Week’ Transcript: Senate Majority Leader Harry Reid

Reid: The American people need to understand that it’s not as if we’ve done nothing for the debt. $2.6 trillion, $2.6 trillion already we’ve made in cuts. And all those cuts have come from non-defense programs.

And he repeated his spurious claim again, later in the program:

Reid: I repeat: $2.6 trillion already, all coming from non-defense. If we’re going to have a sequester, defense is going to have to do their share.

Reid also made this false claim three days earlier on the Senate floor:

Reid: We have already made nearly $2.5 trillion in historic, bipartisan deficit reduction.

How can the Republicans or any sane person deal with pathological liars like these two?

This article was posted by Steve on Monday, February 11th, 2013. Comments are currently closed.

4 Responses to “Pelosi: ‘We Have Had Plenty Of Spending Cuts’”

  1. GetBackJack says:

    When you start believing your own lies ….

  2. Rusty Shackleford says:

    Again, I’ll repeat this. Pelosi is the dippy broad who sat next to you in high school who forgot her pencil, every–single–day.

    She was scurried along in school because of whatever reason. Maybe she was actually cute once upon a time..or her daddy had money and influence. The thought that she’d ever become an elected official never entered anyone’s thoughts.

    But we have had several dipsh*ts in office. Maxine Waters, who wanted to know if she’d get to see any pictures of where Neil Armstrong left the flag…on Mars…the guy who thought the Philippine island would capsize if there were too many people on it….and…dear, sweet ignorant Nancy.

    Actually, she’s a pretty good spokesmodel for “average America” today. Able, most likely to tell you who the front-runner is on American Idol while not being able to count how many beans make five. Or, knowing who has the best and freshest fish down at the market for her garden parties…but no clue as to why children graduate high school unable to read and write.

    She’s an idiot. Idiots should not be in office. But by the same token, academic uber-intellectuals shouldn’t either. Problem is, both of them consider themselves very smart.

  3. mr_bill says:

    I think we’re about done here. Federal spending went through the roof in 2009. Now these folks pretend it’s the end of the world to cut any of it. The deficit spending has to end if we are to try to save the Republic. We have the most liberal president ever, working in conjunction with people like Harry Reid, Nancy, et al. I hate to be pessimistic, but I’m not holding out a lot of hope here. I think we’re at the point where we should seriously consider splitting up the country into liberal and Conservative republics and parting ways. liberals can have the dopers, underachievers, unions, welfare queens, social programs, illegal aliens, homosexuals, CAIR, etc. The Conservative Republic can have military, religion, the Constitution, individual responsibility, “flyover country,” farmers, guns, industry, energy production, banking, etc.

  4. Astravogel says:

    Another poor old woman who needs to rest and catch up
    on her housework. Perhaps have tea and cookies with Hillary.

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