Pelosi on debt deal: 'Not one red cent from the wealthiest people'
August 1st, 2011
01:32 PM ET
11 years ago

Pelosi on debt deal: 'Not one red cent from the wealthiest people'

Washington (CNN) - House Minority Leader Nancy Pelosi continued to withhold her endorsement for the debt deal Monday, even though President Obama said Sunday night Congressional leaders were on board.

Speaking to reporters on her way into a closed door meeting with House Democrats Monday, Pelosi said, "We're very concerned that a bill that makes these big cuts and has no – not one red cent from the wealthiest people in our country – no revenue – is very disconcerting, that is."

Pelosi added that she was weighing the positive aspects of the deal, like its long length and that it does not include entitlement cuts, and the negative aspects. She said she would discuss the measure with her caucus.

Pressed on whether she had made a decision to support the deal, she said, "I'm not going to be making any announcement."

Filed under: Debt • Deficit • Nancy Pelosi
soundoff (91 Responses)
  1. Sank

    Just about what I thought. obama is still the liar I knew him to be. Get it through your head Pelosi there will be no taxes are all of you are dead in the water 2012.

    August 1, 2011 01:40 pm at 1:40 pm |
  2. michaelam

    "not one red cent from the wealthiest people in our country – no revenue – is very disconcerting, that is."

    The deal is very disconcerting to many of us, Leader Pelosi, and exactly for the reasons you stated. Until the wealthiest people in our country SHARE in this sacrifice and era of austerity, no bill will be fair and balanced. The weight of the world should not lie on the backs of the poor and middle-class!

    August 1, 2011 01:46 pm at 1:46 pm |
  3. Anonymous

    A government of the rich for the rich...

    August 1, 2011 01:48 pm at 1:48 pm |
  4. Embarrased Conservative

    She will vote for it in the end because, unlike the Bachmann's of this world, she knows it is needed.

    August 1, 2011 01:48 pm at 1:48 pm |
  5. Jerry

    This article makes me laugh, Pelosi/Reiid Controlled congress and the senate from 2007-2010 , they could have raised taxes any day they wanted. Now they are trying to Blame others for their reckless spending,. Also when the Bush tax cuts ended in 2010 on the wealthy who signed to keep them going–Obama. They shall from that day forward be called the Obama tax cuts, who is this women kidding.

    August 1, 2011 01:49 pm at 1:49 pm |
  6. Aaron

    At least someone in Congress has enough sense not to cowtow to Obama and the Repubs touting how great the deal is when it is great only for the rich and harms the average American.

    August 1, 2011 01:50 pm at 1:50 pm |
  7. Marie MD

    And he rethugs/teabaggers win again!! Wait until 2012. Not only are they screwing 98% of the country but those JOBS are ztill nowhere to be seen.
    The outsourced jobs don't count.

    August 1, 2011 01:51 pm at 1:51 pm |
  8. Tim

    These scumbags actually think our money is there money. At least they got it right for the wealthiest. Now they should take not one red cent from the other 50% that pay taxes, and give not one red cent to everyone else.

    August 1, 2011 01:52 pm at 1:52 pm |
  9. AEK

    What choice was there? The Republicans in Congress were not going to compromise nor were they going to increase taxes on the richest Americans. So, who suffers...the people. Who benefits...the corporate constituents of the Republican majority in Congress. Who ya gonna vote for in the next election? The party who sucked it up and did whatever it took to get a deal done, or the party who did nothing but obstruct the process? Now can we get on to the promise the Republicans made last November and hammered home in EVERY SINGLE TV ADVERTISEMENT, JOBS, JOBS, JOBS!!!!!!!!!!!

    August 1, 2011 01:52 pm at 1:52 pm |
  10. RB

    I agree with Pelosi. She should oppose it.

    August 1, 2011 01:52 pm at 1:52 pm |
  11. Tim

    Crooks. Filthy crooks.

    August 1, 2011 01:52 pm at 1:52 pm |
  12. S. In California - Obama 2012

    Nancy Pelosi for president. Any takers? I am so disappointed in the "New Deal". Why is it the middle class gets absolutely NOTHING as usual and the rich continue to relax and bathe in their wealth? For once, I would REALLY like our president to stand up and fight and quit letting these TP bigots take over. In reality we are no better off today than we were this time last week. As usual it's a win for the GOP.

    August 1, 2011 01:53 pm at 1:53 pm |
  13. Dennis

    What the heck is she talking about? Top 10% of taxpayers already pay 70% of income taxes. How about democrats picking up a little more of the tab?

    August 1, 2011 01:54 pm at 1:54 pm |
  14. GI Joe

    WTG Nancy. The teabaggers are protecting YOUR loopholes. Rub THAT IN THEIR faces. Maybe a few minds will think differently. ha ha ha ha ha

    August 1, 2011 01:54 pm at 1:54 pm |
  15. George Miron

    Government of the Rich for the Rich

    August 1, 2011 01:54 pm at 1:54 pm |
  16. Eugene FRANK MD

    Pelosi expresses the frustration and helplessness, as well as hopelessness, of President Obama's attempts at leadership of the Democratic Party that elected him.

    In ancient Greece, a failed leader in such a battle, would fall on his sword: the only honorable thing for Obama to do is the same in political terms.

    August 1, 2011 01:54 pm at 1:54 pm |
  17. Chuk

    The President is caught between a rock and hard place. He has to take the hand dealt him. If he doesn't and the economy totally unravels, gues who has to clean it up? There's no question that the tea party republicans have decided to take the country hostage for their ideological purity but if things fall apart the person who has to manage it from day to day is the administration, not the tea part.
    So the tea partiers won this round. The country lost – loss in confidence, respect around the world, possible loss of AAA rating, etc. But what goes around comes around. And more likely the "win" will go to their head and they will think they will win it all. Then they will get into trouble.

    August 1, 2011 01:57 pm at 1:57 pm |
  18. Anonymous

    Oh, well at least there is something vaguely resembling a 'deal'

    August 1, 2011 01:58 pm at 1:58 pm |
  19. Get A Grip

    "not one red cent from the wealthiest people in our country"

    Well, I would think Nancy would be happy about this since her and her husband are part of the "wealthiest people in our country". But, hey, when you have a job like hers with all those perks paid for by the hard working tax payer paying a little more in taxes doesn't hurt that much.

    August 1, 2011 01:58 pm at 1:58 pm |
  20. Captain Awesome

    Sorry princess, you and the rest of the democrats had complete control of Congress and the White House for two years. Why didn't you pass tax hikes then? Instead, you extended the Bush Tax Cuts!!! Also you stated there is no revenue from the wealthiest? Are you kidding me? Could you possibly mean there are no NEW tax hikes for the wealthy? So the 'wealthy keep paying whatever tax rate they're currently paying? How does this amount to NO REVENUE?? The taxpayers shouldn't give you one more dime until you can prove that you can manage the people's money.

    August 1, 2011 01:58 pm at 1:58 pm |
  21. denice

    Thanks Leader Pelosi,for making "sense"!!! These Teaparty Children have No Experience in Politics. These big Corporations "Hang your heads in shame". We will vote them Down in 2012, and they can have "Norquist" pay their back Child Support??

    August 1, 2011 01:59 pm at 1:59 pm |
  22. dcmisty

    Just vote yes and let's get on with it. The American people aren't stupid, they know the rich are getting a pass, but the voters won't forget in 2012 who gave the rich the pass! Get off the fence Nancy and vote yes and stop the train wreck from happening.

    August 1, 2011 01:59 pm at 1:59 pm |
  23. thomas

    Bush Tax Cuts !

    Has anybody found any of those darn WMDs ?

    August 1, 2011 02:00 pm at 2:00 pm |
  24. Matt

    We gave them close to a decade of the biggest tax cuts in history and these "job creators" haven't done anything but outsource the American workforce. You had your fun now time to pay i think. I hope that not only the Bush tax cuts expire but be raised on them.

    August 1, 2011 02:00 pm at 2:00 pm |
  25. Chas in Iowa

    We raided the Soc. Sec. find years ago for Ronnies big tax breaks for the rich. We bailed out big business with Bush's TARP fund.
    But the GOP has some notion that all these issues are the fault of people on "Entitlements". That's the new GOP enemy, trying to convice the American public that people on those "Entitlements" are the problem. Now the GOP insists on paying off the debt on the backs of the poor and middle class.
    I aggree with Nancy on this one,"junk politics".

    August 1, 2011 02:01 pm at 2:01 pm |
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