On Fox News Sunday, House Minority Leader Nancy Pelosi (D-CA) told Fox News Channel anchor Chris Wallace that the ongoing debate about a balanced approach to deficit reduction should not place undue emphasis on spending cuts. She said that it is “almost a false argument” to say that Washington has a “spending problem.” Pelosi noted that there have been “plenty of spending cuts,” and budgetary priorities like education and food safety must be protected.
“Sequestration is a bad idea all around,” Pelosi began.
“The fact is we’ve had plenty of spending cuts, $1.6 trillion in the Budget Control Act. What we need is growth,” Pelosi said. “Slashing spending indiscriminately, she said, would hurt growth prospects for the U.S. economy.”Continue reading on www.mediaite.com