Democrat: “We Don’t Have A Deficit Problem Right Now”

“We don’t have a deficit problem right now,” said Rep. Jerrold Nadler (D – NY) today. “In the long term, we have a deficit problem – we’ve got to get it under control but not right now.”

This may explain the gridlock on the national debt issue. The first step to solving a problem, they say, is identifying that there is a problem. Thus, the problem in Washington DC is that Democrats may not actually think this run-away growth in debt is, you know, a problem.

To be fair, the point Rep. Nadler was trying to make is that we can reduce the deficit by getting more people back to work and thus generating more revenue for the government. And there is a grain of truth in that. Tax revenues have plummeted throughout this protracted recession we’re in which supposedly ended officially last year despite unemployment rates remaining high.

But what Nadler, and other Democrats who take up this line of argument, ignore is the impact of the nation’s deficits and debt on the economy. We have a big, burdensome government that we not only can’t afford but that also burdens our economy.

And besides, spending really is the problem. Spending growth, even in stronger economic times, has far outpaced revenue growth. And with spending not slowing up during this time of recession and depressed economic activity, the disparity is historically large:

Rob Port is the editor of SayAnythingBlog.com. In 2011 he was a finalist for the Watch Dog of the Year from the Sam Adams Alliance and winner of the Americans For Prosperity Award for Online Excellence. In 2013 the Washington Post named SAB one of the nation's top state-based political blogs, and named Rob one of the state's best political reporters. He writes a weekly column for several North Dakota newspapers, and also serves as a policy fellow for the North Dakota Policy Council.

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  • robert108

    Nadler’s an ignorant loon.  It’s obvious the deficits and the debt level indicate a big economic problem.  There won’t be job growth until we solve that problem.

  • DopeyDem

    Where did they get that line-up behind him? 

  • Atilla

    Having a group of people that damn stupid anywhere near any position of power is dangerous.

  • Bat One

    What Nadler ignores – to our peril – is that with each new income tax “reform,” more and more people with income are removed from the tax rolls.  Yes, we need to get people back to work.  One in five working age males in this country are unemployed, and it is the Obama regime’s misbegotten, counter-productive economic and fiscal policies that are holding back the country’s job-creation engine.  But we also need to recognize that we desperately need a far broader tax base with lower tax rates to brgin in more tax revenues under a more fair system.

  • http://realitybasedbob.sayanythingblog.com/ realitybasedbob

    I wonder why this Dem is echoing Pox personality and 1/2 term quitter from Alaska, Ms. Palin’s sentiment about our debt not being a problem.

    The Former Alaska Governor says the deadline is not “life or
    death” and is nothing more than a scare tactic being employed by
    President Obama in a similar fashion to that which brought us T.A.R.P.
     She goes on to say that the President’s “getting pretty good at
    fear-mongering.”

    http://republicanredefined.com/2011/07/27/sarah-palin-debt-crisis-is-more-obama-drama/

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