Not a spending problem?

 

by Chamber Grassroots | February 11, 2013

Comments: 27

 

This weekend, Nancy Pelosi told Fox News Sunday that “it is almost a false argument to say we have a spending problem.”  

In reality, America is .5 trillion in debt and 2.6 trillion in unfunded liabilities. That works out to over 6,000 of debt and over million in liabilities per taxpayer.  

So, what do you think? Does America have a spending problem?  Watch the full interview, and leave your comments below. 



Tags: Video In the News Economy and Taxes

Comments

It's an embarrassment that this worn out old woman represents California considering that she has no understanding of the nation's problems while she continues to flap her jaws like she suspects something. The sooner she crawls under a cable car in San Francisco the better.

Geo Donaldson Jr - February 11, 2013

The woman is delusional. It is hard to comprehend that such an idiot was three heartbeats away from the presidency. If we don't vote them out and soon, the only other option to avoid a disaster will be the second amendment option.

Tony Warren - February 11, 2013

We need to replace most all of the folks in DC and have tea party thinking/acting people in office. Also, reduce the size of the support group by 50%+.

Ted Tylman - February 11, 2013

What is so amazing is that people actually believe Pelosi and Obama, so they can say whatever they want, even when it is conflicting or contradictory and get away with it. The problem with our nation is not the leaders, it is the supposed followers...the electorate. The facts are overwhelming. We need to cut spending drastically. We need to reform the tax code. We need to drastically cut regulations. We need to reform entitlements. Yet, the ignorant electorate is buffaloed by Obama, Pelosi, Reid, etc., who exploit them for their own gain. Instead we pay attention to "real" issues like gun control and gay rights. I am afraid we are doomed to experience the cataclysm that will occur when our fiscal house collapses.

Dennis Santillo - February 11, 2013

It's no wonder sane people are leaving California. Mostly insane people keep reelecting these socialist bozos like Pelosi, Reid, Schumer and others. This woman has lost her mind years ago. Gun control? How about mind control? You have to have something to control though. Hope she remembers to keep taking her medication. One flew over the cuckoos nest in living color. Where is nurse Ratchett with the medication?

Steven Jell - February 11, 2013

Remember this is the same woman who said we would and could read the Obama Care act after we passed it. We are getting what California deserves. Thats right, keep sending them our way. In ten more years of this nonsense we will not know this country. Of course we have a spending problem. One billion dollars for the poor? to have cell phones. We have already seen the money go to the mating habits of dodo birds. When will Washington ever get it that this is our money.? By the way , you folks that keep electing these nuts to represent you will eventually pay for your pie in the sky ideas. Lets get back to common sense and pray to God that He still hears us.

blaine whitson - February 11, 2013

We're taxing at roughly 15% of GDP. We typically tax at 19% so we're way down. We've been put through a disastrous 8 years from 2001 through 2009 which reversed a course of Pay_go to just GO GO and forget Pay. AS Cheney said "Deficits don't matter and the Republican Congress proceeded to pass one spending bill after another while cutting taxes 3 times BLIND to the fact that we were in another 2 front war. Whatever they were smoking would be highly illegal for us peons to posses. We're spending at 25% of GDP, most of that paying for subsistence programs for those laid off by the Bush Bust. Wages are flat and governments are starving for tax dollars that the used-to-be-middle class paid. Since gutting the middle class and giving millionaires tax CUTS, there's no payrolls to get the tax money through. The used-to-be-middle-class is at wage levels where their Republican Tax Breaks leave them with no Tax Liability. CEO Pay, no matter how much you tax it, benefits only one city. Who ever dreamed up this fiscal model should be taken out and shot. I'll donate the money for the bullets. The city is broke.

John Totten - February 11, 2013

Both is the answer. Taxes are at historical lows as is discretionary spending. The Bush administration got us involved in two unnecessary wars, gave away prescription benefits for old people without funding them and made disastrosus tax cuts that we will never get back. Now that was fiscal idiocy, We need to cut military spending drastically. We have no superpower enemy and we are spending as if we were still in a Cold War.. We are spending enormous amounts on planes that have no use. The military spends so much that it can't even keep track of what it spends. Cut military spending 40% and we still would spend far more than any other country. We must also stop Corporate welfare. It is extreme. While the Corporate nominal tax rate is high, the actual Corporate taxes paid are the second lowest among the 35 richest countries. Investors get tax breaks vis-a-vis workers. Yes, I know the taxed twice argument but I don't buy it. A very small tax on investment transactions would yield great amounts of revenue while discouraging the type of speculation that brought our economy to its knees.

Bob Burr - February 12, 2013

Nancy Pelosi has been out of touch for some time.The President is still learning as he goes,not really listening to our country's economic history. Your high school economics teacher will give you the truth on how to deal with countries who have on going debit problems. Let the Sequestration happen on schedule...then start over from there! Fresh minds make fresh decisions!

Kevin JP O'Reilly - February 12, 2013

Don't blame idiot Nancy, blame the gay idiots that keep sending her back to a job she doessn't have a clue in.

Robert Robbins - February 12, 2013

Don't blame her for being a idiot, blame the morons that keep sending her back to a job she is unqualified for.

Robert Robbins - February 12, 2013

Things in Washington DC will not change until we have term limits.

David Malchow - February 19, 2013

If you do not think we have a spending problem-then why do we keep spending money we do not have.?

Dale Mueller - February 19, 2013

They are just scared that sequestration will happen and the sheeple who elect these idiots will realize that..... NOTHING HAPPENED... Therefore reinforcing the fact that they ARE spending too much, and that they ARE full of organically recycled farm grass, and the major cuts ARE necessary...

Isaiah Grose - February 19, 2013

We don't have a spending problem - we have an irresponsible 'JACKASS' problem!

Lanning Likes - February 19, 2013

Lanning Likes - February 19, 2013

and if they didn't raise taxes on the middle earners, why is my paycheck 250/month lower, on federal.... hmmmm....

Isaiah Grose - February 19, 2013

spending per capita is down from when george bush was president. we have revenue problem

Alan Amstutz - February 19, 2013

I have to agree with most all of the comments above....I like your styles as you speak right forward as I do....Nancy dear....You need TO Retire....she is only in there on her daddy's name for crying out loud and as you all have noticed.....the ones who do the most crying are the ones doing the most spending. She needs to get on her boom .... oops did I say boom....I mean plane and fly the heck out of Dodge. Ms. Kitty would have had her licked long ago as she had more style and class than Ms. Nancy P could ever muster up. And when she is flying back home....I don't wish any harm on anyone, however, the pilot could very conveniently hit the wrong button and eject her big mouth butt somewhere at which I'm sure we'll hear her scream all over America because we're already hearing her loud mouth on a regular basis as it is....I'm frankly sick and tired of hearing her. That idiot doesn't have a clue and she was one of the biggest spenders.... Oh Oooo ... my plane...it's too smallllll.....Like the lollipop question....How many licks....How big of a plane does it take to carry a big mouth like her since she's really the only one on it? Don't answer that or she'll cry for a larger plane. Now that was arrogant on her part to demand that and that's not being a spender???? Think again NANCY!! Now for a lighter side of things.....How about America getting back to the basics so we can clean out the busy bodies and start over and correct the mess that they all have made. God Bless America

Debora Dawson - February 19, 2013

Mr Totten and Mr Burr. I was not a big Bush fan. But, Please tell me What exactly were the tax cuts for the rich??? I thought Everyones rates came down under bush??? Also, if the taxcuts weren-t good, why did Obama keep them for the under 0k crowd??? how about the other surchare taxes laid on the upper ecelon??? Cheney said, deficits don't matter. The Democrats are taking that one to heart!!! If Bushes last budget was 0 billion in the hole, and we are not in Iraq and are getting out of Afghanistan, then we should only be around a 0 billion in the hole. So, how come we are a trillion plus in the hole? I didn't realize we lost that much revenue due to the downturn?? Rather, why don't we show revenue in and expeditures out to show that we do indeed have a spending problem. Too much government from both parties, too much military also, too much corporate and economic welfare. By the way, how many Democrats want to roll back that senior prescription drug plan idea?? They often talk about cutting medicare. Cut Obamacare and free cell phones to folks. That's a good place to start. I could go on and on. Even John Kennedy, a Democrat, said. Ask not what your country can do for you, ask what you can do for your country! We ALL have it backwards now!!! I

michael degler - February 19, 2013

We have a 'COMPROMISE problem. Boehner can't say it and the Republicans refuse to do it. 20 million people who could be paying taxes are sitting on their butts because Boehner is sitting on his. 3/4ths of those jobs are in private industry that would be 'primed' by the infrastructure we desperately need built and re-built. Will the Republicans obstruct for another 4 years hoping for the next Romney to win? Or will America punish the Obstructionists at the polls in '14? If the Chamber and their stooges keep lying to their constituents and get found again like they did in '12, it will be a Republican blood bath in the mid terms. Every fact checking non-partisan group found the chambers ads to be mostly lies. Herr Goebbels would have been proud of the chamber in '12. Propaganda and lies - accept they screwed up. The lies weren't subtle enough. The public wised up. The Republicans went down despite attempting disenfranchisement in multiple states. States where the voters got up on their hind legs and stood for hours in lines making sure their voice was heard and THEIR President was re-elected. Go for it Chamber - you and your Union of Corporations that hate the Unions of workers.

John Totten - February 19, 2013

I am scared to death that this country is not going to survive with the idiots that are running it, it is not only Pelosi it is Obama and all his croneys how could his health care act been passed when no one even read it? From all the evidence about OBAMA AS TO WHAT HE IS AND WHAT HE INTENDS TO DO ought to scare every one to death what surprises me that the congress and all other higher up politicians know how dangerous this guy is. Some how some way this guy has to be taken out of office before it is too late.

robert wittler - February 19, 2013

Not a spending problem? What we as fiscal conservatives need to wake up to is the fact that our public schools are producing a product that is incapable of critical thinking. By insuring that our young people never acquire the ability to gather facts and reason them through to a logical conclusion every lie the liberals tell our children will be believed. The only way, and I mean the ONLY WAY we are going to right this ship is to volunteer in our public schools in such numbers as to overwhelm the left leaning teachers unions. We conservatives have to identify the enemy or we will ALL be lost. The real enemy to the continued success of the United States is our failed educational system and the parasites that are employed there.

Bobby Vucasovich - February 20, 2013

Backwards or Forwards? Let us review: Middle earners have been subject to raised tax. Their net worth is down in 2012. The VALUE OF THE DOLLAR IS DOWN WHICH INCREASES THE COST OF LIVING--AUTO GAS PRICE IS MORE THAN DOUBLE.The Billion sequester is $ 44 Billion this year --Which is it - This is based on the rate of growth for spending and not on the base line budget!!!! The Federal Reserve is printing money at a rate of Billion a MONTH to buy stocks--Wall street ,not the middle income earners , befit from this. How about creative methods to produce jobs? Jobs seem to take a back seat in the Government and Business world. Our exporting which would help to develop jobs in our production area. Proper incentives would help and a fairer playing field for our Companies to complete with foreign competition would be a good start. Jesse

Jesse Shannon - February 20, 2013

I need to get my E-Mail address changed to

Stephen Taylor - February 21, 2013

Please notice the change in ER-Mail address! all other attempts have bounced back

Stephen Taylor - February 21, 2013

We have let government run rampant for so long that they no longer believe they work for us. It's long overdue for the need of the people to slap these pigs back into the who works for who facts of life. We have the power to demand pay cuts, retirements along with demanding that they all live with the same health care bill that they so willfully shoved down our throats. Both parties are guilty of abusing the system for their own gains and the people for some unknown reasons are willing to let them keep getting away with it. No Bill should ever passed with perversions that exclude the creators of said Bills or laws from living under them. Obama and the rest of government need to feel the wrath of the people telling them it's over and business and spending will not be run as usual.

Richard Vandervort - February 23, 2013

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