Considering that the federal government is spending over $3.5 trillion per year, that it is running yearly deficits of well over $1 trillion, that the national debt is over $16.5 trillion despite government revenues steadily climbing, that unfunded liabilities will run us an estimated $86.8 trillion, and that the entire gross domestic product is about $15.5 trillion, would you say the irresponsible and/or deliberately destructive socialist looters steering this Titanic at a giant iceberg of insolvency have a spending problem? Nancy Pelosi wouldn’t:
“We have to recognize that, which cuts really help us and which cuts hurt our future? And cuts in education [i.e., payoffs to teachers unions], scientific research [i.e., useless green energy boondoggles like Solyndra] and the rest are harmful, and they are what are affected by the sequestration,” she said on “Fox News Sunday.” “So, it is almost a false argument to say we have a spending problem. We have a budget deficit problem that we have to address.”
House Minority Whip Steny Hoyer (D-MD) doesn’t see one either. When asked if the country has a spending problem, he replied:
“The country has a paying for problem.”
As if we needed confirmation, now we have it. No matter how much liberals steal, it will never be enough to satiate their pathological greed for other people’s money.
Graphic from Red State, tip from Bob Roberts.