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Steny Hoyer: We Have a "Paying-For" Problem, Not a Spending Problem

3204 Wrote: Feb 13, 2013 2:14 AM
Don't forget the Hoover tax increase from 28% on the highest earners to 65% in the summer of 1930. Unemployment climbed to 13 percent and never dropped until 1941...

Democrats want Americans to know that the federal government does not have a spending problem.  President Obama told John Boehner that our long-term fiscal woes can be chalked up to a "healthcare problem," Nancy Pelosi described the issue as a "budget deficit problem," (which is separate and distinct from a spending problem, evidently), and now the number two Democrat in the House is taking a crack at framing his party's fiscal denialism: