Today on FOX News Sunday the former Speaker Nancy Pelosi said “it was almost a false argument to say the US has a spending problem.”

Twice in the interview she said we don’t have a spending problem.



The Hill reported:

House Minority Leader Nancy Pelosi (D-Calif.) said that the looming sequestration is “a bad idea all around” and called for a balance of spending cuts and closing tax loopholes in order to avoid it.

“It is almost a false argument to say we have a spending problem. We have a budget deficit problem that we have to address,” she told Fox News’s Chris Wallace on Sunday.

The Democratic House leader said she backed a “big, bold proposal,” to curb long-term spending, and, short of that, a plan that ended subsidies for large oil companies and eliminated loopholes in the tax code.

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“It isn’t as much a spending problem as much as it is priorities,” she said at another point, arguing that tax subsidies were a better target than cuts to programs such as education.