Pelosi promises tax cut rollback if Dems win

[Regis Philbin]

Hold on to your wallets, the Dems are gonna take your money away from you for the "greater good"...



http://online.wsj.com/public/article...f_main_tff_top

Pelosi Promises Fiscal Restraint If Democrats Win



WASHINGTON -- House Minority Leader Nancy Pelosi pledged that if Democrats succeed next year in rolling back President Bush's tax cuts for the wealthiest Americans, the money would be used to reduce the federal deficit -- not for new spending.

Breaking with many Democrats, Ms. Pelosi also spoke out against earmarking billions of dollars for home-state projects, a practice she calls a "monster" that hurts Congress.

If she becomes speaker in the next Congress, she says, she would press to severely reduce earmarks. "Personally, myself, I'd get rid of all of them," she says. "None of them is worth the skepticism, the cynicism the public has... and the fiscal irresponsibility of it."

Question of the Day: Who is the most effective voice for Democrats in Congress?The California Democrat anticipates some resistance from within her party, but returned to the theme of fiscal prudence in an interview with The Wall Street Journal. When asked to outline the Democrats' agenda, she listed initiatives that she said wouldn't strain the government's coffers: cutting interest rates on student loans, raising the minimum wage and demanding higher royalties from oil companies.

"Not every single dollar" would go to the Treasury, she said, "but I hope that...we would use the rollback of the tax cuts" to address the deficit since "it is the biggest drain...on the next generation."

By contrast, Democrats on the House Appropriations Committee this year have proposed financing more domestic spending by scaling back tax cuts for high-income households. In a series of amendments -- all defeated by Republicans -- Wisconsin Rep. David Obey and other senior Democrats have proposed a partial rollback of the top-end tax cuts and then a 50-50 split of the resulting revenue, yielding about $13 billion for deficit reduction and $13 billion for domestic spending.

[pinky]

Pay down Junior's deficit.....what a concept!

[Regis Philbin]

There's more money coming in to the government than ever before...no need to raise taxes. Cut the social giveaway programs instead...

[db44]

Nice to see you've been paying attention to the Jesus thread.

How about we make cuts to the funding to illegal, and broken security plans, which Bush created.

[Richard Tafoya]

Originally Posted by Regis Philbin

There's more money coming in to the government than ever before...no need to raise taxes. Cut the social giveaway programs instead...

Nope, revenues are barely scratching the levels they were at in 2000.

[DoubleEdgeSword]

And the tax cuts Bush implemented only work for you if your income is above $200,000 a year. So, let's see... revenue is down, spending is out of control and tax cuts benefit the wealthy.

Pelosi and the Democrats want to cut out the pork, roll back tax cuts to the wealthy and pay down the debt.

And you object to this why, Regis?

Oh wait. You might actually have to get a job and move out of the basement.

[db44]

Heh... DES, you just gave me a vision of Reg being the son in the Taco Bell "good to go!" commercials.

[DoubleEdgeSword]

Hmmm... perhaps not far from the truth?

[Annoyedlistner]

ive been saying for a long time that he needs to get out of the basement and into Army Green.....

[pinky]

Originally Posted by Richard Tafoya

Nope, revenues are barely scratching the levels they were at in 2000.

Thank you, Richard. I was looking for that information last night and couldn't find it.

Once again, in the fantasy world of Regisland, facts don't seem to matter.