Democrat Nancy Pelosi continues her baseless attacks and demonization of the GOP while citing mythical spending cuts from an imaginary budget. (Video)
Democrat Nancy Pelosi was reelected by the dems to lead them in the House of Representatives
Surely Pelosi can't be talking about the Cuts that haven't taken place yet that Obama will DOUBLE COUNT when it comes to the sequester spending cuts.
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' The Budget Control Act of 2011 (BCA; P.L. 112-25) provided for an increase in the statutory
limit on the public debt in conjunction with a variety of measures to reduce the budget deficit.
Included in these measures was the creation of a Joint Select Committee on Deficit Reduction,
which was tasked to develop and submit a plan to Congress containing deficit reduction to total at
least $1.2 trillion over the FY2012-FY2021 period. However, because the committee did not
report out recommendations, the BCA’s automatic spending reduction process was triggered. This
process, set to begin on January 2, 2013, would reduce federal outlays over the next decade
unless legislation is enacted to prevent it.
Both President Obama and some Members of Congress have offered proposals for repealing or
modifying the automatic spending reductions. The President’s FY2013 Budget Proposal
eliminates the automatic spending reductions for all nine years and replaces them with alternative
measures to reduce the deficit.' CRS -The Budget Control Act of 2011
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Fiscal Cliff Fib - SPENDING, DEBT and Tax INCREASES, NO CUTS
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| CBO Scores the Obama DEBT INCREASE OF $4 Trillion Dollars |
Democrats, NOT CREDIBLE on Budgetary Issues
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