Dem. Lawmaker: ‘We Don’t Have a Deficit Problem Right Now’
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."
- Nicholas Ballasy's blog
- Login to post comments
Comments
As Dean Wormer said--
Submitted by matthewdean on Wed, 07/27/2011 - 6:19pm.
"Fat, dumb, and stupid ---"
MD
Well, he's wrong
Submitted by bkeyser on Wed, 07/27/2011 - 6:24pm.
regarding the deficit -it certainly is a huge problem- but he's at least partly right on the reason. He's also in line with the GOP in that regard. Lower the rates, broaden the base.
Step 1. Fire Obama.
Okay Nadler, the "job"
Submitted by Jack Bauer on Wed, 07/27/2011 - 8:07pm.
Okay Nadler, the "job" crisis" is more important than the "debt crisis".
But guess what lamebrain... they're BOTH the fault of Obama.
All of the above Mr Obama? --- How about ALL OF THE BELOW, instead.
"we’ve got to get it under control but not right now"
Submitted by Newsbubba on Thu, 07/28/2011 - 10:09am.
Yeah, Jerry. Ain't that what you've been saying about your weight for the last 50+ years?
How's that working out for you, lard ass?
So what Nadler is saying....
Submitted by Samaritan01 on Thu, 07/28/2011 - 11:22am.
is that if only Obama could get the unemployment rate down as low as it was during the Bush years. Gee, that dullard Bush is looking smarter every day isn't he?