Hoyer Laments The Hole He Helped Dig
by Big Dog on Mar 9, 2011 at 04:44 Political
House Minority Whip (and moron from Maryland) Steny Hoyer said that we might not get the budget balanced for twenty years because we have dug ourselves a deep hole. The article quotes Hoyer as saying we went from a 5.6 trillion dollar surplus into a 5 trillion dollar hole. The article inserted the appropriate word after surplus, “projected”.
The alleged budget surplus never existed. It was a projection based on a number of gimmicks and based upon Congress doing certain things and taking certain actions, none of which they did. Even in the years where it is claimed that we had a budget surplus we had billions in debt so we were not out of any hole. To be clear, there was no Bill Clinton budget surplus but if you want to believe there was a surplus please be sure to credit it to the Republican Congress because they were in the majority.
Regardless, Hoyer has never met a spending bill that he did not like (or a tax he did not hike). He has been in office for a very long time and he has voted for all the spending that contributed to the problems we have but he is just now realizing that a problem exists.
It is amazing how Democrats become budget hawks when they are not in power but spend and spend and spend when they are in control. In any event, we can balance the budget in fewer than twenty years (or even ten) if the people in Congress will sit down and CUT the unnecessary spending and the waste. They also need to reform Social Security and Medicare which, along with unemployment insurance account for 35% of what we spend.
Younger people need to be allowed to invest their own money and gradually stop paying into Social Security and people who are closer to retirement need to be able to choose to either stay in it or get their money back and invest on their own (or some combination of these). Social Security needs to eventually go away and be replaced by a system where people have their money go to accounts that belong to them, cannot EVER be touched by government and can be passed on to their heirs when they die.
There are plenty of cuts that can be made and plenty of programs (many of which exist in multiples) that can be downsized, combined or eliminated to get our fiscal house in order.
If Hoyer is concerned about the hole that Congress (and that means people of all parties) have dug then he needs to get on board with the Republicans and push for the cuts so that we can get back to sanity.
We cannot spend our way to prosperity. If spending made us solvent we would be having high times because government has done nothing but spend.
The people in Hoyer’s District should have elected Charles Lollar. They were too busy suckling at the teat…
Cave Canem!
Never surrender, never submit.
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Tags: balanced budget, lies, Maryland, moron, spending, steny hoyer
It’s a safe bet to say that if we’re counting the national debt we’ll pretty much never balance the budget. If we make smart cuts and add in some tax increases then we can at least stop running large deficits and pay down on the national debt during times of expansion. We shouldn’t be afraid of deficit spending in times of recession of though. We’re almost never going to have 90’s level expansions so the distance between downturns is not going to be enough for us to pay down all our debts and meet all our obligations both home and abroad.
“If spending made us solvent we would be having high times because government has done nothing but spend.”
Targeted spending is not the same as spending on wars and pork projects like both sides have loved to do. If we’d have spent as much on a stimulus bill over 10 years as we’ve spent in Iraq you better believe we’d be having high times.
“The people in Hoyer’s District should have elected Charles Lollar. They were too busy suckling at the teat…”
Your side runs around accusing lower income Americans of being ignorant lazy mooches and welfare queens that are undeserving of your hard earned tax pennies but you just can’t imagine why working class Americans flock to the Democratic party other than for the fact that they just want more government handouts. Stay classy.
Deficit spending is not good especially during recessions. It drives up debt, debt you admit we will not be able to pay off.
Spending on wars is a Constitutional enumerated power, spending on social programs is not.
As far as suckling at the teat, you my friend are the one who views people as welfare recipients. Hoyer’s district encompases areas near DC and the people who live there are largely employed by or for the government. Perhaps if you knew this you could respond accurately. From Wiki:
The district includes a large swath of rural and suburban territory southeast of Washington, D.C.
So you should probably take your own advice and stay classy instead of assuming it was welfare recipients.
“It drives up debt, debt you admit we will not be able to pay off.”
I think by definition deficit spending drives up debt. What we need more than a zero balance on the ledger during a recession is economic growth and job creation. We know the stimulus did that but you refuse to accept it.
“Spending on wars is a Constitutional enumerated power, spending on social programs is not.”
According to the SCOTUS the right to engage in social spending comes long before war spending as far as enumerated powers goes.
“So you should probably take your own advice and stay classy instead of assuming it was welfare recipients.”
Oh, I’m sorry. I somehow found the one time this century that you weren’t insulting poor people with your conservative nonsense.
Care to show where the SCOTUS made such a claim and where it is enumerated in the Constitution. The document does not discuss spending on social programs.
The stimulus did little, it was way too much money and the cost per item received is way too high. We would have been better off without it.
“The document does not discuss spending on social programs.”
Nor does it mention gay marriage or abortion or million other political subjects. Haven’t we been over this argument before?
“We would have been better off without it.”
In your expert economic opinion I guess.
Poor people? That is an insult to my intelligence. There are no poor people in USA; only the entitled and those that pay taxes/
I wish that were true.
Democrats love spending. If they can get people to accept that there’s no point in balancing the budget, they can literally continue to spend as much money as they want, forever, for any reason.
The budget could be balanced in a day, if anyone honestly wanted to do it. They just have to stop spending money they don’t have. However, with the current people in Washington, there’s no way that will happen. Democrats don’t want it to, and Republicans don’t have the guts to.
It isn’t about wanting to or the guts.
Democrats owe the people who got them in. They were not elected because of merit; they bought their office. May I remind you of Al Franken?
Republicans ?
I don’t think there are many who get voted in on the Republican ticket who know what it means.
Cutting off all sorts of welfare for illegals would save every single State millions or billions a year. We need help our own citizens, not illegals coming here from every where with their hands out and expect to be supported for life.