Causes of America's fiscal disaster

Pelosi: Fiscal panel proposal 'is simply unacceptable'
By Jordan Fabian
The Hill, 2010-10-10

House Speaker Nancy Pelosi on Wednesday made one of the loudest statements
against a draft proposal released by President Obama’s fiscal panel,
calling it “simply unacceptable.”

Pelosi (D-Calif.) said that the proposal,
which includes steep spending cuts, Social Security benefit reductions,
and tax reforms that would raise revenue,
harms the elderly and middle class.

“This proposal is simply unacceptable,”
she said in a statement.
“Any final proposal from the Commission should do
what is right for our children and grandchildren’s economic security
as well as for our nation’s fiscal security,
and it must do what is right for our seniors,
who are counting on the bedrock promises of Social Security and Medicare.”

[How driving America into bankruptcy constitutes
“what is right for our children and grandchildren’s economic security”
is a mystery to me.]

She added that the plan “must strengthen America’s middle class families–
under siege for the last decade,
and unable to withstand further encroachment on their economic security.”

[In fact, the Bowles-Simpson plan would have raised taxes in the upper brackets,
thereby helping (in relative terms) the middle class.]

Pelosi’s comments echo the sentiments of liberal lawmakers and activists,
who have largely condemned the draft plan
over its cuts to Social Security benefits.

With Democrats having been voted out of the majority last week, the California Democrat is vying for a term as minority leader. She already enjoys support among the vast majority of House liberals, but a largely centrist handful of House Democrats do not want her to lead the caucus next year.

The recommendations of the bipartisan co-chairmen of the National Commission on Fiscal Responsibility and Reform have not been approved by the 14 of the 18 commissioners. The commission is expected to release its completed report in early December.

President Obama will wait to comment until the report is finalized, the White House said Wednesday.

[What Pelosi’s statement points out is who is really unwilling to compromise.
The left-wing psychos would have you believe that
it is only the right-wing anti-tax contingent which opposes compromise,
while the left-wing is sweetly reasonable.
Pelosi’s unconditional statement points out, yet again,
how the left-wing deceives and lies about reality.]

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