Pelosi - $4 Trillion budget can't be cut any more. Nothing left to cut.

[OriginalShroom]

Want a laugh??

House Minority Leader Nancy Pelosi says Republican-led efforts to rein in government spending are pointless because there is nothing left to cut in the almost $4 trillion-a-year federal budget.

“The cupboard is bare. There’s no more cuts to make. It’s really important that people understand that,” Mrs. Pelosi, California Democrat, said in an interview broadcast Sunday on CNN’s “State of the Union.”

“We cannot have cuts just for the sake of cuts.”
The federal budget has doubled in size in 12 years, from $1.9 trillion in 2001 to $3.8 trillion this year.

Nothing that can be cut in a nearly $4 trillion budget? Please.. What nonsense.

 

[percysunshine]

Why don't they test for dementia in old politicians? Heck, McCain should be tested to.

 

[tinydancer]

Pelosi is certifiable. You can't make up the shit that she spews forth.

And what's really scary is she believes the shit she says.

 

[tinydancer]

Why don't they test for dementia in old politicians? Heck, McCain should be tested to.

No kidding. I find it bizarre that people keep re electing these old geezers whose glory days have passed them by many years ago.

And that the old SOB's are so greedy to hang on to power they won't pass the torch on to a younger generation.

 

[boedicca]

You can't really call spending $4T a budget when the Obamanoids haven't passed a budget in five years.

Just sayin'.

 

[Hoffstra]

You can't really call spending $4T a budget when the Obamanoids haven't passed a budget in five years.

Just sayin'.

has the House passed a budget yet?

 

[Londoner]

Want a laugh??

House Minority Leader Nancy Pelosi says Republican-led efforts to rein in government spending are pointless because there is nothing left to cut in the almost $4 trillion-a-year federal budget.

“The cupboard is bare. There’s no more cuts to make. It’s really important that people understand that,” Mrs. Pelosi, California Democrat, said in an interview broadcast Sunday on CNN’s “State of the Union.”

“We cannot have cuts just for the sake of cuts.”
The federal budget has doubled in size in 12 years, from $1.9 trillion in 2001 to $3.8 trillion this year.

Nothing that can be cut in a nearly $4 trillion budget? Please.. What nonsense.

She's afraid to cut subsidies and bailouts to large corporations. She's afraid to challenge the corporate welfare of which your news sources never speak.

Do you know the military costs of stabilizing the regions where our oil companies draw their profit? Do you think Nanci Pelosi has the power to unburden the taxpayer from subsidizing oil companies?

And what about the the pinnacle of the private sector, Wall Street, which poured trillions into the Bush and Clinton regimes for the right to modify leveraging regulations so they could gamble with over 20x equity, only to be bailed out when their risk models proved to be a corrupt farce.

The Reagan Revolution started with a promise to empower markets to lift all boats, but it ended with the Bush/Paulson TARP, the largest market bailout in world history - leaving generations of taxpayers to eat a shit sandwich while the upper rungs at Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and AIG live like kings after sinking the world economy.

If you understood any of this - if you knew the kinds of derivative bets that were placed by our best and brightest - we would take you seriously. But you've been conditioned by Limbaugh and Beck to worry about food stamps while the trillions pour out the window unnoticed.

America was rolled during the Bush administration. The money is gone. The game is over.

(you've been lied to)

 

[WelfareQueen]

You can't really call spending $4T a budget when the Obamanoids haven't passed a budget in five years.

Just sayin'.

has the House passed a budget yet?

Have you been paying attention? The House has passed a budget every year of the Obama Presidency.

Harry Reid then takes the budget....puts it in a drawer...and sets it on fire. He will not allow the full Senate to vote on it as is Constitutionally mandated, nor will he allow the Senate to propose a budget and vote on that.

Then the Dems and the MSM blame the Republicans. That is the playbook.

Pay attention. Please stop watching MSNBC so you can find out what is really happening.

 

[WelfareQueen]

Want a laugh??

House Minority Leader Nancy Pelosi says Republican-led efforts to rein in government spending are pointless because there is nothing left to cut in the almost $4 trillion-a-year federal budget.

“The cupboard is bare. There’s no more cuts to make. It’s really important that people understand that,” Mrs. Pelosi, California Democrat, said in an interview broadcast Sunday on CNN’s “State of the Union.”

“We cannot have cuts just for the sake of cuts.”
The federal budget has doubled in size in 12 years, from $1.9 trillion in 2001 to $3.8 trillion this year.

Nothing that can be cut in a nearly $4 trillion budget? Please.. What nonsense.

She's afraid to cut subsidies and bailouts to large corporations. She's afraid to challenge the corporate welfare of which your news sources never speak.

Do you know the military costs of stabilizing the regions where our oil companies draw their profit? Do you think Nanci Pelosi has the power to unburden the taxpayer from subsidizing oil companies?

And what about the the pinnacle of the private sector, Wall Street, which poured trillions into the Bush and Clinton regimes for the right to modify leveraging regulations so they could gamble with over 20x equity, only to be bailed out when their risk models proved to be a corrupt farce.

The Reagan Revolution started with a promise to empower markets to lift all boats, but it ended with the Bush/Paulson TARP, the largest market bailout in world history - leaving generations of taxpayers to eat a shit sandwich while the upper rungs at Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and AIG live like kings after sinking the world economy.

If you understood any of this - if you knew the kinds of derivative bets that were placed by our best and brightest - we would take you seriously. But you've been conditioned by Limbaugh and Beck to worry about food stamps while the trillions pour out the window unnoticed.

America was rolled during the Bush administration. The money is gone. The game is over.

(you've been lied to)

I agree with this with one caveat. The Dems are just as responsible as Bush or the Repubs for the financial meltdown. The Repubs tried to reform Freddie and Fannie for years, but the Dems wouldn't allow it. Chris Dodd and Barney Frank got millions from Wall Street to finance their political careers. Both took virtual zero interest loans from major companies (Countrywide Mortgage was one).

If you are fair...the blame is very equal. Just sayin....

 

[Wildman]

Want a laugh??

House Minority Leader Nancy Pelosi says Republican-led efforts to rein in government spending are pointless because there is nothing left to cut in the almost $4 trillion-a-year federal budget.

“The cupboard is bare. There’s no more cuts to make. It’s really important that people understand that,” Mrs. Pelosi, California Democrat, said in an interview broadcast Sunday on CNN’s “State of the Union.”

“We cannot have cuts just for the sake of cuts.”
The federal budget has doubled in size in 12 years, from $1.9 trillion in 2001 to $3.8 trillion this year.

Nothing that can be cut in a nearly $4 trillion budget? Please.. What nonsense.

oooooh heavens yes, they can cut the military budget by 2/3rds of what it is, cut military pay in half, cut retired military and disabled in half, cut medicare and S.S. in half.., heck if they just look around i am sure they can find millions upon millions of dollars to cut.

i hope everyone understands i am only joking here, but if the liberals had their way this is what they would do...........

 

[hortysir]

You can't really call spending $4T a budget when the Obamanoids haven't passed a budget in five years.

Just sayin'.

has the House passed a budget yet?

You really are just that stupid

 

[Ragnar]

There really is no floor to Pelosi's stupidity. It's just sad.

 

[Politico]

She must have missed the 3.5 trillion worth of useless pork in there.

 

[ba1614]

Anyone who reads that and still doesn't understand what's wrong with America are themselves what's wrong with America.

 

[TemplarKormac]

You can't really call spending $4T a budget when the Obamanoids haven't passed a budget in five years.

Just sayin'.

has the House passed a budget yet?

Yeah, plenty of times. Go Google it you lazy bastard.

 

[healthmyths]

Want a laugh??



Nothing that can be cut in a nearly $4 trillion budget? Please.. What nonsense.

She's afraid to cut subsidies and bailouts to large corporations. She's afraid to challenge the corporate welfare of which your news sources never speak.

Do you know the military costs of stabilizing the regions where our oil companies draw their profit? Do you think Nanci Pelosi has the power to unburden the taxpayer from subsidizing oil companies?

And what about the the pinnacle of the private sector, Wall Street, which poured trillions into the Bush and Clinton regimes for the right to modify leveraging regulations so they could gamble with over 20x equity, only to be bailed out when their risk models proved to be a corrupt farce.

The Reagan Revolution started with a promise to empower markets to lift all boats, but it ended with the Bush/Paulson TARP, the largest market bailout in world history - leaving generations of taxpayers to eat a shit sandwich while the upper rungs at Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and AIG live like kings after sinking the world economy.

If you understood any of this - if you knew the kinds of derivative bets that were placed by our best and brightest - we would take you seriously. But you've been conditioned by Limbaugh and Beck to worry about food stamps while the trillions pour out the window unnoticed.

America was rolled during the Bush administration. The money is gone. The game is over.

(you've been lied to)

I agree with this with one caveat. The Dems are just as responsible as Bush or the Repubs for the financial meltdown. The Repubs tried to reform Freddie and Fannie for years, but the Dems wouldn't allow it. Chris Dodd and Barney Frank got millions from Wall Street to finance their political careers. Both took virtual zero interest loans from major companies (Countrywide Mortgage was one).

If you are fair...the blame is very equal. Just sayin....

YOU refuted YOURSELF in the above statement!
"The Repubs tried to reform ..." Which is true!
"Over the past six years, the President and his Administration have not only warned of the systemic consequences of failure to reform GSEs but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties. President Bush publicly called for GSE reform at least 17 times in 2008 alone before Congress acted. Unfortunately, these warnings went unheeded, as the President's repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems. Many prominent Democrats, including House Finance Chairman Barney Frank, opposed any legislation correcting the risks posed by GSEs.

* House Financial Services Committee Chairman Barney Frank (D-MA) criticized
the President's warning saying:
"these two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis .
The more people exaggerate these problems,
the more pressure there is on these companies, the less we will see in terms of affordable housing."..
(Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie
Mae," New York Times, 9/11/03)

* Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd also ignored the President's warnings and called on him to "immediately reconsider his ill-advised" position. (Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze Is Rejected, As Critics Complain Of Opportunism," New York Times, 8/11/07)
Now A recent study released 12/12/12.. shows THE CRA was a major contributor!!!
New study concludes that the Community Reinvestment Act ?clearly? did lead to risky lending | AEIdeas

So I documented by statements... where then is the documentation regarding:
"Both took virtual zero interest loans from major companies (Countrywide Mortgage was one). "
WHERE??

 

[TemplarKormac]

Want a laugh??

House Minority Leader Nancy Pelosi says Republican-led efforts to rein in government spending are pointless because there is nothing left to cut in the almost $4 trillion-a-year federal budget.

“The cupboard is bare. There’s no more cuts to make. It’s really important that people understand that,” Mrs. Pelosi, California Democrat, said in an interview broadcast Sunday on CNN’s “State of the Union.”

“We cannot have cuts just for the sake of cuts.”
The federal budget has doubled in size in 12 years, from $1.9 trillion in 2001 to $3.8 trillion this year.

Nothing that can be cut in a nearly $4 trillion budget? Please.. What nonsense.

She's afraid to cut subsidies and bailouts to large corporations. She's afraid to challenge the corporate welfare of which your news sources never speak.

Do you know the military costs of stabilizing the regions where our oil companies draw their profit? Do you think Nanci Pelosi has the power to unburden the taxpayer from subsidizing oil companies?

And what about the the pinnacle of the private sector, Wall Street, which poured trillions into the Bush and Clinton regimes for the right to modify leveraging regulations so they could gamble with over 20x equity, only to be bailed out when their risk models proved to be a corrupt farce.

The Reagan Revolution started with a promise to empower markets to lift all boats, but it ended with the Bush/Paulson TARP, the largest market bailout in world history - leaving generations of taxpayers to eat a shit sandwich while the upper rungs at Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and AIG live like kings after sinking the world economy.

If you understood any of this - if you knew the kinds of derivative bets that were placed by our best and brightest - we would take you seriously. But you've been conditioned by Limbaugh and Beck to worry about food stamps while the trillions pour out the window unnoticed.

America was rolled during the Bush administration. The money is gone. The game is over.

(you've been lied to)

You lost me at "Bush did it."

You forget that Obama has continued down the road Bush took, but yet you continue to absolve Obama of any wrongdoing in trashing this economy. If you were or are unaware, Obama had multiple corporations such as Goldman Sachs, GE, JP Morgan Chase, Citigroup, IBM, Morgan Stanley, Microsoft and others funding his presidential campaign last year, but none of you liberals spoke out against it. Oh wait, you can't be a hypocrite can you?

Obama had supermajorities in both houses for 2 years, all he did was ram the ACA down the Republicans throats and the people's, he did absolutely nothing to address an out of control spending problem. When the Republicans regained the house, they passed numerous budgets, spending reduction and jobs bills to no avail, since the Democrats kept the Senate and blocked them each and every time, preferring to "take a scalpel, not a machete" to the deficit. Instead of putting people to work, they gave them more food stamps and welfare.

No wonder Pelosi is afraid to cut the budget, her master is under the thumb of big name banks and corporations, if she pisses them off, they run the Democrats out of office next year. We can't have that can we? She also doesn't mind not bashing Obama for the high gas prices we are running now, whilst she excoriated Bush for prices that were nearly a dollar lower than present! She doesn't give a crap about what the oil companies do, Londoner! She has a political agenda to push! Stop making excuses for people due to their enaction because they allegedly espouse your ideals. How sad are you? Basically, all you said was: "She's afraid to do it because Bush did it." Do not insult my intelligence.

Alas, you have been rolled, by liberal propaganda and talking points. This game is over. Your lies are debunked. Go home.

I'm afraid you were the one lied to. Twice running, both in 2008. and 2012.

 

[midcan5]

Nothing wrong with trimming a budget that has grown too big given the tax policies since Carter / Reagan. The divide between rich and the rest of America is absurd for a reason, but back on topic, the thing is where do you trim? Is it fair the poor, invalids, the old and needy are the only ones whose funds are cut? According to republicans our modern Christian nation has turned charity on its head. Only the rich deserve government handouts. And if the congress were serious about cutting fat, the military complex is the place to start. But no, the hypocrites need a place for a future job doing nothing but lobbying for more useless war stuff. You fools on the right are a total joke. Brains and sense passed you by long ago.

"Examples of secrecy run amok are legion, including some $2.7 billion that sank like a stone into an unworkable special access program aiming to produce the Navy A-12 attack aircraft. Secrecy contributed too in the protection of unworkable programs like the one outfitted to build the Tacit Rainbow anti-radar missile and the ($3·9 billion) Tri-Service Standoff Attack Missile." Peter Galison, 'Removing Knowledge' essay in 'Agnotology'

The Pentagon and Wasteful Defense Spending | New Republic

 

[eflatminor]

...the thing is where do you trim?

Everywhere, across the board. ACTUAL cuts, not these bullshit "cuts" that are really only a slight decrease in the planned increase rate of spending.

A plan has already been put forth. It's called the PENNY PLAN:

1. Cut 1% from all Federal spending for six years
2. In the 7th year, cap spending at 18% of GDP
3. If Congress fails to make the necessary cuts, the plan triggers automatic, across-the-board cuts to meet the yearly caps

This would balance the budget by year seven. We'd still have near 20 trillion of debt to deal with, but at least we wouldn't be ADDING to that debt.

Don't expect the likes of Pelosi to get behind it...

Shame on all that seek to put the burden of our largess on those yet to be born!

 

[eflatminor]

You can't really call spending $4T a budget when the Obamanoids haven't passed a budget in five years.

Just sayin'.

has the House passed a budget yet?

Every year. The Dem controlled Senate, not so much.

Ah well, budget smudget, who cares about Constitutional a requirement when we have such wonder central planners in charge...