A Quote by Nancy Pelosi
The sequestration is a bad idea, all around. It is something that is out of the question. If you have spending cuts, education of our children, other investments, on the National Institutes of Health, where you are hindering growth, you're no going to reduce the deficit.
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When it comes to the budget, we know that we shouldn't be cutting more on core investments, like education, that are going to help us grow in the future. And we've already seen the deficit cut in half. It's going down faster than any time in the last 60 years. So why would we make more cuts in education, more cuts in basic research? Nobody thinks that's a good idea.
Our growing national debt is a threat to our national defense and to our domestic priorities, including research and development, education, health care, and investments in our economic growth.
To reduce deficit spending and our enormous debt, you reign in spending. You cut the budget. You don't take more from the private sector and grow government with it. And that's exactly what Obama has in mind with this expiration of Bush tax cuts proposal of his.
In the budget, the president will call for a five-year freeze on discretionary spending other than for national security. This will reduce the deficit by more than $400 billion over the next decade and bring this category of spending to the lowest share of our economy since Dwight Eisenhower was president.
We can reduce our deficit, and do it in a much more balanced way than sequestration, simply by fixing our tax code to get rid of needless giveaways.
Is it just a coincidence that as the portion of our income spent on food has declined, spending on health care has soared? In 1960 Americans spent 17.5 percent of their income on food and 5.2 percent of national income on health care. Since then, those numbers have flipped: Spending on food has fallen to 9.9 percent, while spending on heath care has climbed to 16 percent of national income. I have to think that by spending a little more on healthier food we could reduce the amount we have to spend on heath care.
Federal research dollars invested at the National Institutes of Health seem expensive until we factor in the economic growth and jobs created by our world-leading life sciences industry.
If you lose control of your debt and deficit, you get massive cuts in things such as health and education. You get appalling insecurity, jobs lost, firms going overseas.
The goal is to reduce the size and scope of government spending, not to focus on the deficit. The deficit is the symptom of the disease.
I will continue to work in Congress to support Lyme disease research and education through funding for the National Institutes of Health and the CDC.
Investments in women are positively correlated to growth, prosperity, stability, democracy, health - and vital to our national security. We cannot write off the talent of half the world and expect to confront our challenges.
You've got to either say you're going to cut taxes and find some spending cuts. I think we ought to reform long-term entitlement spending in the country, but you can't out of one side of your mouth say, 'Yes, we're for tax cuts, we're for spending discipline, and we're for bringing down the debt.'
Today, diabetes is now epidemic, according to the Centers for Disease Control, the National Institutes of Health, the American Diabetes Association and other national healthcare leaders.
We have to have structural entitlement reform, major spending cuts and not tax increase-retardants on economic growth to reverse our current course toward national bankruptcy, but Obama steadfastly remains on the wrong side of all these solutions.
And, cuts in education, scientific research and the rest are harmful, and they are what are affected by the sequestration.
We can have tax cuts, but when we have tax cuts and do not have a surplus, the amount of the tax cut goes straight to the bottom line, adds to the deficit, and the deficit adds to the national debt, and sooner or later, the debt has to be paid.
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