Hoyer Admits: Dems “Put Each One of You Very Deeply in Debt”

April 11, 2012

Democrat Whip Concedes that Americans “Ought to Be Angry About” Dems’ Spending Habits As His Party Refuses to Abandon Their Reckless Habits

Democrat Whip Steny Hoyer told a group of Iowa students on Wednesday that Democrats “put each one of you very deeply in debt. And you ought to be angry about it,” a moment of remarkable candor given that Democrats have resisted taking responsibility for their profligate spending.
This admission from Hoyer comes as numbers on the skyrocketing national debt show that President Obama remains America’s “undisputed debt king,” with House Democrats loyally backing his spending spree every step of the way.
But even with this miserable record of increasing the national debt, the Democrats have repeatedly refused to abandon their spending addiction, calling for more of the irresponsible spending and borrowing policies that accelerated America’s debt crisis.

Democrat Whip Steny Hoyer told a group of Iowa students on Wednesday that Democrats “put each one of you very deeply in debt. And you ought to be angry about it,” a moment of remarkable candor given that Democrats have resisted taking responsibility for their profligate spending:

HOYER TO STUDENTS: “WE PUT EACH ONE OF YOU VERY DEEPLY IN DEBT. AND YOU OUGHT TO BE ANGRY ABOUT IT”: “In his 31 years in Congress, ‘we put each one of you very deeply in debt. And you ought to be angry about it,’ Hoyer told the students as two members of the Capitol Police kept an eye on the scene. ‘If you don’t know about it, you won’t be angry about it.’” (Jennifer Jacobs, “What the No. 2 Democrat in Congress Taught an Iowa High School Class Today,” The Des Moines Register, 4/11/2012)

GOVERNMENT SPENDING IN MARCH REACHED “HIGHEST MONTHLY SPENDING EVER”: “The U.S. government spent more in March than it had in any prior month on record.

“The government spent $369.37 billion last month, about $30 billion more than it spent in March 2011.” (Eric Morath, “March 2012 Outlays Highest Monthly Spending Ever – U.S. Treasury,” Dow Jones Newswires, 4/11/2012)

This admission from Hoyer comes as numbers on the skyrocketing national debt show that President Obama remains America’s “undisputed debt king,” with House Democrats loyally backing his spending spree every step of the way:

“NATIONAL DEBT HAS INCREASED MORE UNDER OBAMA THAN UNDER BUSH”: (Mark Knoller, “National Debt Has Increased More Under Obama than Under Bush,” CBS News, 3/19/2012)

THREE YEARS AND TWO MONTHS OF OBAMA IS MORE DEBT THAN EIGHT YEARS OF PREDECESSOR: “The National Debt has now increased more during President Obama’s three years and two months in office than it did during 8 years of the George W. Bush presidency.

“The Debt rose $4.899 trillion during the two terms of the Bush presidency. It has now gone up $4.939 trillion since President Obama took office.” (Mark Knoller, “National Debt Has Increased More Under Obama than Under Bush,” CBS News, 3/19/2012)

POLITIFACT SAID LAST YEAR THAT OBAMA WAS THE “UNDISPUTED DEBT KING OF THE LAST FIVE PRESIDENTS”: “Obama is the undisputed debt king of the last five presidents, rather than the guy who added a piddling mount to the debt.” (Louis Jacobson, “Nancy Pelosi Posts Questionable Chart on Debt Accumulation by Barack Obama, Predecessors,” Politifact, 5/19/2011)

OBAMA RECORD “THE MOST RAPID INCREASE IN THE DEBT UNDER ANY U.S. PRESIDENT”: (Mark Knoller, “National debt has increased $4 trillion under Obama,” CBS News’ Political Hotsheet Blog, 8/22/2011)

NATIONAL DEBT STANDS AT $15.63 TRILLION, LARGER THAN THE NATION’S $15.32 TRILLION ECONOMY: (“The Daily History of the Debt Results,”TreasuryDirect.Gov, Accessed 4/11/2012; “National Economic Accounts,” Bureau of Economic Analysis, Accessed 4/11/2012)

IN 2009, 244 HOUSE DEMOCRATS (96%) VOTED FOR THE $800 BILLION FAILED STIMULUS: Final Vote: 244-188. (Roll Call 46, Clerk of the U.S. House,1/28/2009)

But even with this miserable record of increasing the national debt, the Democrats have repeatedly refused to abandon their spending addiction, calling for more of the irresponsible spending and borrowing policies that accelerated America’s debt crisis:

“CBO: EXPLODING DEBT UNDER OBAMA POLICIES”: (David Rogers, “CBO: Exploding Debt Under Obama Policies,” Politico, 3/16/2012)

NEW STUDY: OBAMACARE WILL ADD AT LEAST $340 BILLION TO THE DEFICIT: “Reigniting a debate about the bottom line for President Barack Obama’s health care law, a leading conservative economist estimates in a study to be released Tuesday that the overhaul will add at least $340 billion to the deficit, not reduce it.” (Ricardo Alonso-Zaldivar, “Study: Obama’s Health Care Law Would Raise Deficit,” Associated Press, 4/9/2012)

“OBAMA’S TAX AND SPENDING POLICIES WILL YIELD $6.4 TRILLION OVER THE NEXT DECADE”: “The Congressional Budget Office said Friday that President Barack Obama’s tax and spending policies will yield $6.4 trillion in deficits over the next decade, more than double the shortfall in CBO’s own fiscal baseline — even after taking credit for reduced war costs.” (David Rogers, “CBO: Exploding Debt Under Obama Policies,” Politico, 3/16/2012)

“EVEN IF OBAMA WERE TO GET HIS WAY ON ALL FRONTS,” DEBT WOULD “NEARLY DOUBLE AGAIN” TO $18.8 TRILLION IN 2022: “That said, the picture is grim, and even if Obama were to get his way on all fronts, the federal debt held by the public would nearly double again from $10.1 trillion at the end of 2011 to $18.8 trillion at the end of 2022.” (David Rogers, “CBO: Exploding Debt Under Obama Policies,” Politico, 3/16/2012)

OBAMA’S BUDGET ENSURES DEBT “WILL CONTINUE TO RISE AS FAR AS THE EYE CAN SEE”: (Mark Knoller, “National Debt Has Increased More Under Obama than Under Bush,” CBS News, 3/19/2012)

ABC NEWS: OBAMA’S “BROKEN DEFICIT PROMISE”: “The 2013 budget the president submitted today does not come close to meeting this promise of being reduced to $650 billion for fiscal year 2013.

“The president noted in that 2009 speech the Obama administration inherited a $1.3 trillion deficit.

“The deficit was similarly $1.3 trillion in 2011, is projected to be $1.15 trillion in 2012, and the president’s budget claims it will be $901 billion in 2013.” (Jake Tapper, “Obama’s Broken Deficit Promise,” ABC News, 2/13/2012)

DEMOCRATS’ RECORD OF TRILLION-DOLLAR DEFICITS: “The Congressional Budget Office on Tuesday predicted the budget deficit will rise to $1.08 trillion in 2012. … The deficit was $1.4 trillion in 2009, $1.3 trillion in 2010 and $1.3 trillion in 2011. The largest deficit recorded before that was $458 billion in 2008.” (Erik Wasson, “CBO Projects $1.08T Deficit, Higher Unemployment,” The Hill, 1/31/2012)

OBAMA CALLING FOR $350 BILLION IN NEW STIMULUS: “In his final budget request before facing voters in November, Obama called for $350 billion in new stimulus to maintain lower payroll taxes, bolster domestic manufacturing, lure jobs back from overseas, hire teachers, retrain workers and fix the nation’s crumbling infrastructure.” (Lori Montgomery, “Obama Offers Stimulus, But Cuts in State, too,” The Washington Post, 2/15/2012)

REUTERS: “OBAMA UNVEILS BIG SPENDING ELECTION-YEAR BUDGET”:(Alister Bull and Laura MacInnis, “Obama Unveils Big Spending Election-Year Budget,”Reuters, 2/13/2012)

NEW BUDGET “LADEN WITH STIMULUS-STYLE INITIATIVES”: “The president’s plan is laden with stimulus-style initiatives: sharp increases for highway construction and school modernization, and a new tax credit for businesses that add jobs.” (Andrew Taylor, “Obama Budget: New Spending with Recycled Tax Ideas,” Associated Press, 2/11/2012)