She's kidding, right? (Unfortunately, she's not.)
"The American people have an anger about the growth of the deficit because they're not getting anything for it. ... If somebody has the idea that the percentage of GDP of what our national debt is will go up a bit, but they will now -- and their neighbors and their children -- will have jobs, I think they could absorb that, and then we ride it out and bring money in," she said.
This statement and the others in Eric's post and link shows me three things about our Speaker of the House:
a) She really has little understanding of economics.
b) She really has no idea what motivates average Americans, particularly when it comes to matters economic.
c) She really doesn't care because she knows better than everyone else in the nation, including the very folks she claims she wants to 'help'.
The angry American taxpayers don't want Congress to spend even more money we don't have on more stimulus, health care reform that will reform nothing, or any other dubious and expensive government programs.
Sucking over $1.4 trillion out of the economy (the present budget deficit figure) is not helping the economy in any way, shape, or form. Pulling even more out of the economy with higher deficits and higher taxes in a second effort to 'stimulate' the economy will only make the recession worse. This is something Pelosi, as well as Reid and Obama, do not understand. I find that difficult to believe considering there's plenty of history to show previous attempts to do just that have failed miserably and, in fact, made things worse.
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