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  • Dem Plan to Cut Deficit Will Pay for Failed Stimulus ... by 2130

    Reps. Gary Peters (D-MI), John Adler (D-NJ), Peter Welch (D-VT) and Jim Himes (D-CT), should be commended for forming their new Spending Cuts and Deficit Reduction Working Group.

    Peters told The Macomb Daily: “Congress has to get serious about reducing the deficit now. Transforming the deficits generated over the past decade back into the surpluses of the 1990s will take rooting out and slashing wasteful spending. We have formed this work group to seek areas to cut billions in unwarranted spending and subsidies.” Huzzah!

    To that end the group has identified wasteful discretionary spending, subsidies and tax loopholes from the departments of Energy, Treasury, Housing and Urban Development, Defense and Agriculture that will cut a total of $72 billion from the deficit over ten years. Not a bad start.

    But each of these representatives also voted for President Barack Obama’s $862 billion economic stimulus package … a 100% deficit spending-funded measure that has completely failed to meet the Obama administration’s own objective benchmarks. It will take almost 120 years of these cuts just to undo the damage to deficit caused by President Obama’s failed stimulus.

    And that does not even get into the real threat to our nation’s bottom line: entitlement spending on Social Security, Medicare, and Medicaid — a threat made much, much worse by Obamacare (which Peters, Welch, and Himes all voted for, by the way).

    UPDATE: Rep. Adler did not vote for Obamacare.

    Posted in Economics [slideshow_deploy]

    8 Responses to Dem Plan to Cut Deficit Will Pay for Failed Stimulus ... by 2130

    1. jr565, NY says:

      "It will take almost 120 years of these cuts just to undo the damage to deficit caused by President Obama’s failed stimulus."

      Not to worry though, the Obama administration plans to extend unemployment benefits to 2130. So if you're out of work for 120 years you're still covered.

    2. P Gebhardt says:

      Just a small correction: Adler, my current representative, voted "No" on Obamacare. IMO it was a purely political decision to do so because the district is opposed to it and he's facing a strong opponent in Jon Runyan in November.

    3. Cheese, San Diego says:

      Obama wouldn't need a stimulus if the economy had not collapsed. Quit blaming it on failed stimulus!

    4. Drew Page, IL says:

      2130?? These people can't accurately predict anything from day to day.

    5. Pingback: Daily scoreboard « Don Surber

    6. K. T. Gregg says:

      It is amazing the excuses the Dems have for their failures, it is always Reagan fault, Bush's fault, the Republicans fault, mother's fault,or father's fault. The Dems never have to say they are sorry, because it is never their fault. The Dems never have to accept responsibility for their actions. Where do they come up with such spoiled childish thoughts? Personal responsibility is not in their vocabulary, and personal responsibility and belief in God is what has made the U. S. of A. great, the Dems have neither.

    7. C.C. DeMuth, CT says:

      With an upcoming election, Jim Himes is cross dressing as a fiscal moderate, but his act is not particularly convincing. He is “just at a point where I don’t want to see any more unpaid spending”. To be clear, that point runs from now until election day. If he can only fool the voters back home long enough, then he will revert to form – punishing success, subsidizing failure, and crushing our economic future under a load of his wasteful spending. He is without peer as an enemy of the taxpayer and friend of big government and government’s cronies; however, both Pelosi and Himes know that he has to put on a bit of an act for a few remaining month before he can again run out-of-control.

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