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When Does Obama’s Plan Balance the Budget? Hoyer: ‘I Don’t Know’
House Minority Whip Steny Hoyer (D-Md.) said he does not know when President Barack Obama’s plan for the fiscal cliff will balance the federal budget.
“The President’s proposition was that—on the revenue side—to balance the spending cuts we needed to raise additional revenues,” Hoyer said during a Capitol Hill pen and pad briefing with reporters on Friday. “We are now collecting revenues at about 15 percent and spending at about 22 percent of GDP [Gross Domestic Product].”
“You can’t do that for very long,” he said. “Even the richest country on the face of the earth can’t do that forever without having serious adverse consequences.”
“Almost everybody you speak to says you’ve got to bring those into balance,” Hoyer said.
However, when CNSNews.com asked the second-ranking Democrat in the House when the president will achieve that balance, Hoyer said he did not know.
MaryfromMarin
December 1st, 2012
As the goal has nothing whatever to do with balancing the budget, there is no need of any kind of timeline.
MADJACK
December 1st, 2012
Balanced Budget??? We don need no steenking balanced budget. Hell we don need no budget of any kind. Just keep dem printin’ presses rollin’.
MaryfromMarin
December 1st, 2012
Nice avatar, @MADJACK. Makes me want to go out and buy a package of those blank name labels. Should come in handy for most current social occasions.
MADJACK
December 1st, 2012
MaryfromMarin it is either that one or this one. I am MAD about 99% of the time any more.
The next four years aren’t going to do my mood one bit of good. 
MaryfromMarin
December 1st, 2012
@MADJACK–
Hang in there, and continue preparing. For anything.
eternal ¼ cracker p
December 1st, 2012
DWS commented, “You can’t balance something that doesn’t exist. Islands tipping over is something real.”
Menderman
December 1st, 2012
Check the link I posted in the Sticky…there are no cuts, and Obama ain’t negotiating…he is just setting ip the R’s to fail, and the libs love it.
Menderman
December 1st, 2012
setting “up”…
FreeMan & Sarah Intend to Defend
December 1st, 2012
Right with you Madjack.
So Stemmie bought a clue?
I did not think there were any Dems off the range.
Does this make him a D I N O???
Dadof3
December 1st, 2012
Do the math people. We are already past the point of no return. In another year we are going to envy Greece.
Not enough wealth in this country to keep up the politicians spending. As Rome burns, we still have Honey Boo Boo.
MaryfromMarin
December 1st, 2012
@Dadof3-
Unless BHO can perform the miracle of the loaves and the fishes, Honey Boo Boo isn’t enough to go around.
Liberal Crack Pipedream
December 1st, 2012
The answer is right after the end of ∞, after all deities like lord Obama are ∞.
cfm990
December 1st, 2012
The Liberal motto.
“Full speed to a Phuck up”
Anonymous
December 2nd, 2012
OK Rinos, here’s how it’s done! If you don’t have the guts to fight for freedom just vote Present and you just might get it right for once.
Or if that isn’t clear enough, don’t play with Democrats anymore, take your ball and go home.
Eric
December 2nd, 2012
Not that it matters now but a post on a blog I used to write for still has this post available, from back in 2010, if you care to look.
http://sideshowmirrors.blogspot.com/2010/06/budget-poppycock.html
I always liked that photoshop.