Pelosi: Tax cuts are goverment spending, ya know

I can’t lie.  I’ve missed her.  From her threat to personally arrest Karl Rove to her admonition to pass Obamacare so we can see what’s in it, her moronic musings always bring a smile to my face, even if unintentionally.  But lately she’s been largely flying below the radar, depriving us of her vast erudition and eloquence. Perhaps the long winter of discontent is coming to an end, though, as yesterday she surfaced with characteristic aplomb:

Tax cuts are spending. Our whole budget is what, $3.5 trillion? So, when we talk about reducing spending, we certainly must, and we certainly have–$1.6 trillion in the previous Congress, $1.2 of it in the Budget Control Act. But spending is 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. And that’s the spending that we must curtail as well.

In the cramped confines of Pelosi’s BB-sized brain, all money belongs to the government. When the government, through their beneficence, allows us serfs to keep more of the money we earn, that’s therefore the equivalent of government spending. Thus, tax cuts are spending increases and tax increases are spending cuts. So now we can cut government spending by raising taxes and not actually cutting government spending. Or something. It’s … magic.

(h/t TT)  


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