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When Does Obama’s Plan Balance the Budget? Hoyer: ‘I Don’t Know’

Home - by - December 1, 2012 - 17:00 America/New_York - 15 Comments

CNS

hoyer

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.

 

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» 15 Comments

  1. 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.

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  2. 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’. :roll:

    Thumb up +7

     
  3. 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.

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  4. MADJACK

    December 1st, 2012

    MaryfromMarin it is either that one or this one. I am MAD about 99% of the time any more. :mad: The next four years aren’t going to do my mood one bit of good. :sad:

    Noteworthy Comment Thumb up +10

     
  5. MaryfromMarin

    December 1st, 2012

    @MADJACK–

    Hang in there, and continue preparing. For anything.

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  6. eternal ¼ cracker p

    December 1st, 2012

    DWS commented, “You can’t balance something that doesn’t exist. Islands tipping over is something real.”

    Thumb up +3

     
  7. 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.

    Noteworthy Comment Thumb up +10

     
  8. Menderman

    December 1st, 2012

    setting “up”…

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  9. 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???

    Thumb up +4

     
  10. 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.

    Thumb up +6

     
  11. 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.

    Thumb up +5

     
  12. Liberal Crack Pipedream

    December 1st, 2012

    The answer is right after the end of ∞, after all deities like lord Obama are ∞.

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  13. cfm990

    December 1st, 2012

    The Liberal motto.
    “Full speed to a Phuck up”

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  14. 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.

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  15. 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.

    Thumb up +2