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DeFazio: Neil, I voted against extending all the tax cuts in December. If we had not extended all of the Bush tax cuts, I mean, just all of them, including those that go to middle class folks and others, that would have meant the deficit would have been $440 billion dollars smaller this year. Now, so we wouldn't have a record deficit.
Rep. Peter DeFazio beats down Neil Cavuto over Deficit fearmongering
Seeded on Mon Apr 11, 2011 9:26 PM EDT
Article Source: Crooks and Liars- Enjoy this article? Help vote it up the 'Vine.
- Public Discussion (3)
DeFazio: Well, there are certain things I don't think are faulty products. Investing in the next generation's education so we can achieve more. How about me? I'm on the transportation committee. We're headed towards a transportation bill that will invest 40% less than the bill we passed six years ago.
Cavuto: Alright.
DeFazio: We had two conditions when the Republicans controlled everything that said our infrastructure is falling apart and becoming third world, we've got to invest in our infrastructure.
FOX may not invite DeFazio back in the near future.
- 1 vote
#1 - Mon Apr 11, 2011 9:28 PM EDTDeFazio: It's both. Well, Neil, you can't solve it on spending. If we eliminated the entire government today, we would still have a deficit this year. That means the Department of Defense and everything else that you think of as government is gone tomorrow. We open the prisons. We open the borders, you know, everything. You'd still have a deficit. So you can't just say you're going to cut your way there. You've got to deal with the revenue side too.
This has to be something they do not teach the Republicans in VooDoo Economics 101.
- 3 votes
#2 - Mon Apr 11, 2011 10:59 PM EDTThat's what they teach MBA candidates at The Ronald Reagan School of economics.
- 1 vote
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