◼ NANCY PELOSI: 'TAX CUTS ARE SPENDING' - William Bigelow/Breitbart In 2006, the year before Pelosi became Speaker of the House, the Congress's budget was $2.65 trillion. By fiscal year 2011--the last year of her speakership--that figure had jumped to $3.59 trillion. ◼ Nancy Pelosi: Tax cuts are spending, and we must curtail spending - Doug Powers/Michelle Malkin ◼ “But spending is also related to tax cuts,” said Pelosi. Tax cuts are spending. Tax expenditures, they are called. Subsidies for big oil, subsidies to send jobs overseas, breaks to send jobs overseas, breaks for corporate jets. They are called tax expenditures. Spending money on tax breaks." - Terence P. Jeffrey/CNS
◼ This is another great illustration of how these people think. What she's saying is that a tax cut equals government spending. Meaning anybody who benefits from a tax cut, tax break, tax loophole, is benefiting from government spending. That is why, by the way, anytime a tax cut is proposed, they start saying, "Well, how are we going to pay for it?" - Rush