Well I'll Be... 'Hoyer Reads GOP The Riot Act For Creating Enormous U.S. Debt' - TPM

WillyT

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Mon May-23-11 08:49 PM
Original message

Well I'll Be... 'Hoyer Reads GOP The Riot Act For Creating Enormous U.S. Debt' - TPM

Hoyer Reads GOP The Riot Act For Creating Enormous U.S. Debt
Brian Beutler | TPM
May 23, 2011, 2:07PM

<snip>

House Minority Whip Steny Hoyer (D-MD) offered an unusually blunt assessment of the sources of U.S. debt in a Monday speech before an audience of Republican and Democratic elder-statesmen -- calling Republicans on the carpet for creating systemic deficits, then holding U.S. creditworthiness as hostage to a highly contentious right-wing ideological agenda.

In a Monday speech at the Bipartisan Policy Center, Hoyer said both parties are responsible for addressing the country's unsustainable fiscal trajectory. But he insisted on reminding Republicans that they did far more than Democrats to create the debt, and in so doing, he prompted one famous audience member to attempt to rebut the claims extemporaneously.

"It is not tenable for us to hold ransom the creditworthiness of the United States," Hoyer said, adding that the GOP's negotiating posture "ignores that some of their own policies helped get us where we are today."

From there he recited the three decade history of the current debt most of which is the result of GOP policies.

"Republicans made the contradictory promises that cutting taxes would lead to higher revenues and would force lower spending," Hoyer said. "They did neither."

Those predictions were clearly, demonstrably wrong. They failed to learn from those facts, however. The next time they were in power, the Republicans were again pushing deep tax cuts as a fiscal and economic cure-all....

President Bush's policies eliminated the entire Clinton surplus.

<snip>

More: http://tpmdc.talkingpointsmemo.com/2011/05/hoyer-reads-gop-the-riot-act-for-creating-enormous-us-debt.php

Hoyer's Full remarks: http://thehill.com/blogs/congress-blog/economy-a-budget/162703-time-to-put-our-fiscal-house-in-order?tmpl=component&print=1&page=

:kick:

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OwnedByFerrets

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Mon May-23-11 08:57 PM
Response to Original message

1. Too damn bad thats not done by all democrats....all the way up the ladder.

But then, that might make Boner cry again, so we cant have that.

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WillyT

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Mon May-23-11 09:06 PM
Response to Reply #1

2. Oh Yes We Can... The Tea Partiers Are Sick And Tired Of Him Crying...

So... let's make him cry!

:evilgrin:

:hi:

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annabanana

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Mon May-23-11 09:12 PM
Response to Original message

3. This is not Steny's usual schtick!

Not generally confrontational, I mean.

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WillyT

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Mon May-23-11 09:15 PM
Response to Reply #3

4. I Know... Could It Be That Even The Conserva Dems Are Reading The Tea Leaves Correctly ???

:shrug:

Knock me over with a feather if this is true.

:wow:

:hi:

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BuelahWitch

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Mon May-23-11 09:15 PM
Response to Reply #3

5. Maybe he took Russ Feingold's criticism to heart

and decided to be a better Democrat...

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WillyT

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Mon May-23-11 09:19 PM
Response to Reply #5

6. Or Maybe He's Gettin Primaried...

:evilgrin:

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rurallib

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Mon May-23-11 09:21 PM
Response to Original message

7. "bout fucking time -- they all need to sound like Grayson.

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truebrit71

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Tue May-24-11 04:02 PM
Response to Reply #7

10. Abso-frickin-lutley they do...

A Dem with Soine...whodathunk???

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dorksied

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Tue May-24-11 11:04 AM
Response to Original message

8. I read the full remarks, and this stuff needs to be talked about!

He absolutely FLAYS the Republican ideology in this speech! I LOVE it!

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LiberalEsto

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Tue May-24-11 04:00 PM
Response to Original message

9. There are two Steny Hoyers

One is a Corporatist

and the other is a genuine Democrat

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kentuck

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Tue May-24-11 04:21 PM
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11. Democrats need to shorten this message and spread it across the land.

Republicans made contradictory promises and, in the process, ran up huge debts that they handed off to Democratic Presidents. President Clinton fixed the problem once. They did the same thing again with George W Bush. They eliminated the entire Clinton surplus. It is insane. It is irresponsible. It is dangerous. Arithmetice and facts do not lie. Politicians do. Insanity is doing the same thing over and over and expecting different results. We are here to say that the Republican policies are insane.

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