Cristy Li

(CNS News) House Minority Leader Nancy Pelosi (D-CA) claimed this week that the government must cut spending and then (tried) explaining that “Tax cuts are spending.”

“Our whole budget is what $3.5 Trillion–so when we talk about reducing spending we certainly must and we certainly have–$1.6 Trillion in the previous Congress…Spending is also related to tax cuts, tax cuts are spending…”

I don’t get it.

The Weekly Standard explained in December that the $1.6 Trillion tax hikes (which Pelosi calls spending cuts) a mere $400 Billion was used for deficit reduction–that sum quickly would be eaten up on interest alone on our out of control  $16.67 Trillion federal deficit.

This entry was posted on Friday, March 8th, 2013 at 11:56 pm and is filed under Budget Crisis, Democrats, Economy, Loony Liberal Lefties, Nancy Pelosi, Tax Hikes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.