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2022-10-17 Home Front: Politix

Dem Rep. Cleaver: ‘Once We Get out of This Recession,' We'll Have to Reduce Spending to Deal with Debt

[Breitbart] On Friday’s broadcast of the Fox Business Network’s "Fox Business Tonight," Rep. Emanuel Cleaver (D-MO) said that "once we get out of this recession," "we need to smooth out our spending and try to deal with our deficits and our debt."

Cleaver said, "I think everybody ought to be concerned about inflation because inflation is concerned with you. But I think that we need to keep in mind that there are a lot of things that caused this. I mean, China’s zero COVID policy disrupting production and supply chains, Putin’s invasion of Ukraine, giant corporations using inflation as a smokescreen. And then people will talk about the stimulus. And, make no mistake, $7 [trillion] is a lot of money to pump into an economy. But the reason we shouldn’t get into a partisan thing about it is because 70% of that 7 trillion was signed into law under President Trump. And I don’t blame him for doing it. I think we had to do something, my interpretation, to keep us from plunging into the economic abyss. And so, we were able to come through to this point. And I think the Fed still has a road to go to get us out of it, which probably means raising the interest rates again."

Host Sean Duffy then asked, "[D]o you think there’s going to be some effort to constrain spending as we look forward over the next couple of years?"

Cleaver responded, "We’re going to have to. Look, once we get out of this recession, and I do think we’re going to get out of it. ... I think we’re going to come out of this. And then I do think that Democrats and Republicans, particularly those folks on the Budget Committee and the administration, whether it’s a Democratic administration or Republican, we’ve got to, I think, come to the conclusion that...when things are moving a little bit better economically, we need to smooth out our spending and try to deal with our deficits and our debt."

Posted by Besoeker 2022-10-17 02:50|| || Front Page|| [11130 views ] Top

#1 Fetterman logic.

Posted by Besoeker 2022-10-17 02:53|| 2022-10-17 02:53|| Front Page Top

#2 Politician Speak: "Pork today and Austerity after I retire."

Posted by magpie 2022-10-17 03:23|| 2022-10-17 03:23|| Front Page Top

#3 Interesting comments a couple of weeks before mid-term elections. Funny how politicians get these epiphanies at such times.

Posted by DooDahMan 2022-10-17 03:35|| 2022-10-17 03:35|| Front Page Top

#4 Real headline: First Democrat to ever declare a recession during democratic administration

Posted by Airandee 2022-10-17 06:32|| 2022-10-17 06:32|| Front Page Top

#5 ^ "Now I misspoke a bit. It's a transitory, uh, gouging by Big Food, Big Energy, Big...
oh, fuck it"

Posted by Frank G 2022-10-17 06:47|| 2022-10-17 06:47|| Front Page Top

#6 Cue the Cluebat (Tm)

Posted by Mercutio 2022-10-17 08:43|| 2022-10-17 08:43|| Front Page Top

#7 #3 "When a man knows he is to be hanged...it concentrates his mind wonderfully." - Samuel Johnson

Posted by Procopius2k 2022-10-17 08:44|| 2022-10-17 08:44|| Front Page Top

#8
Look at the numbers yourself. DC is pending the US Dollar ( YOUR $$$) in a Worthless death. While too many in DC get Super rich and have "outside the USA Interests/Investments"

By December, every US Taxpayer will likely have to shoulder an average of $250K of that debt. Don't know about others, but that is about 4x my annual net income.

Posted by Ho Chi Spaviting6113 2022-10-17 09:47|| 2022-10-17 09:47|| Front Page Top

#9 When it comes to federal budgeting, I think we can leve it to Cleaver.

Posted by Super Hose 2022-10-17 10:32|| 2022-10-17 10:32|| Front Page Top

#10 Definitely an improvement over Eldridge Cleaver

Posted by Billy B 2022-10-17 10:38|| 2022-10-17 10:38|| Front Page Top

#11 How about reducing spending now to reduce the recession and the debt?

We need another contract with America to force all the incoming GOP reps to declare they'll take spending and reducing the debt seriously.

Posted by ruprecht 2022-10-17 10:55|| 2022-10-17 10:55|| Front Page Top

#12 Dems break it, then demand our 'bipartisan' help to fix it. Rinse. Repeat.

Posted by Angstrom 2022-10-17 11:07|| 2022-10-17 11:07|| Front Page Top

#13 Not only did they break it but they are already laying down the idea that the GOP elected in November are somehow responsible.

Posted by ruprecht 2022-10-17 11:40|| 2022-10-17 11:40|| Front Page Top

08:51 SteveS
08:50 ed in texas
08:47 ed in texas
08:44 ed in texas
08:34 NN2N1
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