Posted on 08/16/2011 6:17:58 AM PDT by sickoflibs
REP. JERROLD NADLER (D), NEW YORK: First of all, you have to fight them, second of all, you have to educate the American people. And you have to define that there are two separate problems we are dealing with. And we`re putting the less immediate problems front and center with not dealing with the real immediate problem.
SHARPTON: What is the less immediate problem?
NADLER: The less immediate problem is the deficit. We can deal with that a couple years from now. Right now, we must do exactly what Secretary Reich are saying, we`ve got to deal with the jobs problem. If we can get the unemployment rate down to five percent which it where it was a few years ago, that would take care of a third to half of the deficit by itself. And the only way to do that is to put more money in circulation. For the federal government, frankly spend more money. Run temporarily a larger deficit in order to put people to work, put them to work building roads, hospitals, bridges, fiber optic.
SHARPTON: Well, how do we do that if you.
NADLER: But not only that, but not only that, also giving money to the states and saying, don`t lay-off people. Do not contract with the private guy to fix the potholes et cetera. Because the states have to balance their budget. The federal governments doesn`t have to balance the budget every year. How do you do that? We need presidential leadership. The president has been defining the wrong problem. He is been going along saying that the major problem is the deficit. Now he is trying to talk about jobs. But the jobs take precedence over the deficit. And what we.
SHARPTON: The president is talking jobs, he`s going on a job bus tour start Monday. That`s going to change the votes in Congress?
NADLER: It might if he makes the demands big enough. If he puts out and says, let`s do $500 billion infrastructure bill over the next six years and let`s pass it now. If he went into people`s districts and said, there`s that crumbling road, we got to fix it. There`s that crumbling school, we need to fix it and put people to work in your district, Congressman, doing that. Instead of talking, if the deficit were the biggest problem, we`ve got to deal with the deficit but first you have to deal with the jobs, and you can`t deal with the deficits.
(Clip )
SHARPTON: Now, where is the democratic caucus playing on — the plan that Secretary Reich wants the president to do is democratic caucus.
NADLER: Democratic caucus is a whole that`s come up with a number of plans.
SHARPTON: Well, give me the plan.
NADLER: Well, the democratic progressive caucus came up with a plan for, which would balance the budget faster than any other plan. But we have major infrastructure bills, aid the states, we`ll have revenues by raising tax rates and millionaires and billionaires.
SHARPTON: But isn`t that grand bargain plan, isn`t that the plan that president laid out and said that Boehner walked out on?
NADLER: No. Because we wouldn`t cut entitlements. We`re not going to say to some senior citizen living on $14,000 in Social Security, we will going to cut your benefits, we`re going to cut the rate of increase.
SHARPTON: Nancy Pelosi wasn`t in those meetings when all of this was on will table?
NADLER: I don`t know that Nancy ever agreed to that. I don`t think she was. She was called in later because initially they were ignoring her.
SHARPTON: Well, no but when Boehner walked out of the meeting Nancy Pelosi was never at the table. What I`m saying is, the plan that I`m hearing you say, was that being touted by Nancy Pelosi and Harry Reid?
NADLER: I don`t know. I can`t answer that question
Entire transcript at: MSNBC LIVE for August 12, 2011 (LexisNexis Transcript)
And letting those on the taxpayer dime vote more increases is REPRESENTATION WITHOUT TAXATION - and equally bad idea.
REP. JERROLD NADLER (D), NEW YORK: First of all, you have to fight them, second of all, you have to educate the American people.
Gotta love that "more civil tone" the leftists have been promoting, but yes, the public DOES need to be educated: In basic mathematics. With an emphasis on negative numbers!
Mark
You mean you've never spent your way out of debt? It also explains the other government saying... "We lose money on every unit, but we make it up in volume!"
Mark
Yes, and to create even more jobs for a longer time, have the construction workers use spoons for digging rather than shovels. Boy, this economic development stuff is easy!
If we can get the unemployment rate down to five percent which it where it was a few years ago, that would take care of a third to half of the deficit by itself. And the only way to do that is to put more money in circulation. For the federal government, frankly spend more money. Run temporarily a larger deficit in order to put people to work, put them to work building roads, hospitals, bridges, fiber optic... also giving money to the states and saying... Do not contract with the private guy to fix the potholes et cetera. Because the states have to balance their budget.
“...another massive government stimulus would cut the deficit by increasing tax revenue by ‘putting people to work’”
How stupid or insane. Talk about a snake eating itself.
So you obtain money by either taxing it from those who are working or creating new money (which they can’t really do anymore and expect anyone to purchase our debt, but, if they could, it would utterly destroy the purchasing power of the dollar), and then you use that to hire people. From their earnings, you take a portion back and call that revenue.
I’m pretty sure that the dumbest people in the country are now in charge.
Two assholes passing gas. Anyone with an ounce of brain would observe that the Federal Government has been spending way beyond its income for years, and thus has brought the US to this critical financial disaster. These insane idiots think that continuing this disastrous policy will save us.
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.