Steny Hoyer proves dems still don’t understand fiscal problem
House Majority Leader Steny Hoyer has demonstrated yet again that the democrats simply don’t understand that our current fiscal crisis is a spending problem, not a revenue problem. According to Hoyer, across the board tax increases cannot be avoided if we want to reduce the deficit. (story here) Hogwash!
The federal budget in 2001 was $1.9T. The 2011 budget is $3.8T – a 100% increase in 10 years. (more here) We are now running yearly deficits of more than $1.5T. Let me repeat – this is a spending problem, not a revenue problem.
A top House Democrat said Tuesday that tax increases will eventually be necessary to address the nation’s mounting debt, raising a difficult election-year issue as Democrats fight to retain control of Congress.In the near term, House Majority Leader Steny Hoyer raised the possibility that Congress will only temporarily extend middle-class tax cuts set to expire at the end of the year. He pointedly suggested that making them permanent would be too costly.
This only re-enforces the point that these assclowns in congress are not at all serious about deficit reduction.
In the short term, deficit spending has been necessary to stimulate the economy, Hoyer said.
“I don’t think this is the time to increase taxes,” Hoyer told reporters after the forum.
But in the longer term—after the economy has improved—Congress will have to rein in spending and raise taxes to tackle the debt, Hoyer added.
“Raising revenue is part of the deficit solution, too,” Hoyer said.
The dems aren’t the only clueless ones here. While they were in control of congress, the republicans increased government spending to unprecedented levels.
Remember this in November…