Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Dem. Lawmaker: ‘We Don’t Have a Deficit Problem Right Now’
CNSNews.com ^ | July 27, 2011 | By Nicholas Ballasy

Posted on 07/27/2011 9:07:04 PM PDT by Schatze

Rep. Jerrold Nadler (D-N.Y.) argued at a news conference with the Congressional Out of Poverty Caucus that the United States does not currently have a budget crisis.

"That’s the real crisis – the unemployment, not the deficit. We don’t have a deficit problem right now. In the long term, we have a deficit problem – we’ve got to get it under control but not right now," said Nadler at the Capitol on Wednesday.

"Right now we’ve got to get unemployment under control. If we got unemployment down to 7 percent, down to 5 percent, which is what it was in 2005, and 2007 rather before the recession hit, if we got it down to 5 percent, half the deficit would be eliminated just by that – half the deficit without cutting a nickel from the budget. So, we have to address the real problem. The real problem is we are not taxing properly."

The Congressional Budget Office (CBO) projects that the federal budget deficit will reach $1.5 trillion by the end of the fiscal year 2011. The current national debt limit is $14.29 trillion.

Rep. Nadler supports a higher corporate tax rate.

"In 1950, corporations paid taxes equal to 8 percent of GDP, today they’re paying taxes equal to less than 1 percent of GDP. In 1980, corporations' taxes were 6 percent, sorry, were 30 percent of total tax revenues, today they’re 6 percent of total tax revenues – they’re taking the taxes off the corporations and off the rich," he said.

He continued, "When we talk about, ‘we’ve got a budget deficit crisis’ no we don’t. We have a tax crisis, we have a crisis that we’re not taxing properly and we have a recession and an unemployment crisis.

"The way to get out of that unemployment crisis is to spend money on more food stamps and on aid to states and local governments so they don’t lay off people and on infrastructure so we can be competitive and put people to work and if we did that, unemployment would go down, tax receipts would go up and we’d be well on our way out of this so-called crisis."


TOPICS: News/Current Events
KEYWORDS: deficit; nadler
The Dims need to get some new tunes in their repertoire.
1 posted on 07/27/2011 9:07:07 PM PDT by Schatze
[ Post Reply | Private Reply | View Replies]

To: Schatze

Yea, and Jeffy doesn’t have a weight problem either.


2 posted on 07/27/2011 9:09:38 PM PDT by DManA
[ Post Reply | Private Reply | To 1 | View Replies]

To: Schatze
"The way to get out of that unemployment crisis is to spend money on more food stamps and on aid to states and local governments so they don’t lay off people and on infrastructure so we can be competitive and put people to work and if we did that, unemployment would go down, tax receipts would go up and we’d be well on our way out of this so-called crisis."

The country's in the finest of hands.

3 posted on 07/27/2011 9:13:35 PM PDT by denydenydeny (Rage all you want, looters & moochers, but the gods of the copybook headings are your masters now.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Schatze

My gosh, does not the Democrat Leadership inform their underlings (and he is one) that the government is in dire straits. Maybe he thinks that we can continue to spend and borrow until we collapse. Well that does seem to be the thinking of the Democratic Party! Please show me anything different...

We are doomed if politics as usual continue...


4 posted on 07/27/2011 9:15:19 PM PDT by Deagle
[ Post Reply | Private Reply | To 1 | View Replies]

To: Schatze

Congressional Out of Poverty Caucus

Funny.


5 posted on 07/27/2011 9:16:51 PM PDT by Patrick1 ("The problem with Internet quotations is that many are not genuine." - Abraham Lincoln)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Schatze

These people are living in denial that their socialist ideas do not work


6 posted on 07/27/2011 9:18:34 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Schatze
If we got unemployment down to 7 percent, down to 5 percent, which is what it was in 2005, and 2007 rather before the recession hit, if we got it down to 5 percent, half the deficit would be eliminated just by that

Fat Nadler doesn't realize it but he's talking Reaganomics! Grow your way out of the deficit. The problem is that unlike Reagan, Nadler has no clue as to how to do it. His words and mind are empty of practical solutions.

7 posted on 07/27/2011 9:28:34 PM PDT by hinckley buzzard
[ Post Reply | Private Reply | To 1 | View Replies]

To: Schatze
We don’t have a deficit problem right now. In the long term, we have a deficit problem – we’ve got to get it under control but not right now," said Nadler at the Capitol on Wednesday.

Zat so, Mr. Nadler? In that case, y'all need to do some TALL apologizing to George W. Bush, who was continually EXCORIATED by the Democrats about the deficits all 8 years of his administration.

8 posted on 07/27/2011 9:34:20 PM PDT by SuziQ
[ Post Reply | Private Reply | To 1 | View Replies]

To: Schatze

spend money on more food stamps

How are we supposed to get out of the hole when jerks like this want more people in the entitlement line and not the employment line. Stupid is as stupid does.

The ignorance of liberals is stunning.


9 posted on 07/27/2011 9:34:27 PM PDT by mardi59 (T)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Schatze; All

On a side note, and strictly out of curiosity...did Jerrold the Hutt have his stomach stapled, or what?? He seems to have dropped 4 or 5 hundred pounds over the past few years and he is nowhere near the disgusting fat body he used to be.

He still has more chins than a Chinese phonebook, but progress is progress...


10 posted on 07/27/2011 9:37:20 PM PDT by Bean Counter (Knowledge is pitiless.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: hinckley buzzard

You know, I just simply give up! Both parties seem to be more interested in re-election than saving the country (or even helping the country). I am just going to crawl into my own hole and wait for the apocalypse... Let it come...!!


11 posted on 07/27/2011 9:37:32 PM PDT by Deagle
[ Post Reply | Private Reply | To 7 | View Replies]

To: Bean Counter
From abcnews.go.com, April 27, 2010:

Rep. Jerrold Nadler, D-N.Y., who once weighed in at 340 pounds, had gastric bypass surgery in 2003 after admitting he was unable to ride the city subway because he couldn't climb the stairs. Nadler has since lost 100 pounds.

12 posted on 07/27/2011 9:44:51 PM PDT by Schatze (It's better to keep your mouth shut and appear stupid than to open it and remove all doubt.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Schatze
Dem. Lawmaker: ‘We Don’t Have a Deficit Problem Right Now’

Well, color me "relieved." /sarc

13 posted on 07/27/2011 9:44:55 PM PDT by LaybackLenny (Palin-________ Overdrive 2012 - Holy Flippin' Crap!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Schatze

I can’t believe Jerrold hasn’t already popped by now.


14 posted on 07/27/2011 9:45:52 PM PDT by FlingWingFlyer (Hey Barry! Compromise this!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Deagle

I agree. Throw the whole log of shyt at the fan. Lets get this over with here, and now. I am sick and tired of having to clean up the remains of little butt nugget sized shyt hitting the fan over the last few years.

Let the bubbles pop, get out of the damn way, STOP spending more than you take in and let us, the private sector SAVE the country.


15 posted on 07/27/2011 9:48:38 PM PDT by cableguymn
[ Post Reply | Private Reply | To 11 | View Replies]

To: cableguymn

Yep! Time for the bubble to pop!...


16 posted on 07/27/2011 9:54:21 PM PDT by Deagle
[ Post Reply | Private Reply | To 15 | View Replies]

To: Schatze

I really thought this was one of those satire posts.


17 posted on 07/27/2011 10:16:31 PM PDT by willk
[ Post Reply | Private Reply | To 1 | View Replies]

To: Schatze
"If we got unemployment down to 7 percent, down to 5 percent, which is what it was in 2005, and 2007 rather UNDER BUSH before the OBAMA recession Depression hit"

There, all fixed!

Cheers!

18 posted on 07/27/2011 10:37:33 PM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Schatze
"If we got unemployment down to 7 percent, down to 5 percent, which is what it was in 2005, and 2007 rather UNDER BUSH before the OBAMA recession Depression hit"

There, all fixed!

Cheers!

19 posted on 07/27/2011 10:37:58 PM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Schatze

Lessee.... Unemployment around 5% in 2005-07 and then it began going up.

I guess the fact that the Dems won control of both the House and Senate in 2006, with large enough numbers to override any Bush vetoes, couldn’t possibly have contributed to the increased spending and higher unemployment which jumped us right into a recession. Nah!


20 posted on 07/27/2011 11:26:24 PM PDT by octex
[ Post Reply | Private Reply | To 1 | View Replies]

To: Schatze

Jerry Wadler is doing “the Penguin”(Batman) persona one more time..
Must be smoking that stuff again..


21 posted on 07/27/2011 11:47:35 PM PDT by hosepipe (This propaganda has been edited to include some fully orbed hyperbole...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Schatze
Didn't the Dems argue that Fannie and Freddie were doing just fine? I hope they forgive me for not believing a word out of their mouths.
22 posted on 07/28/2011 4:44:03 AM PDT by Neverforget01 (It Could Have Been Worse Is Not A Defense For Bad Policy)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson