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. Moderate American

    Tax cuts for the 1% super-rich must be included. If one adds the cost of entitlements to the tax cuts for wealthy people, the total is overwhelming for our economy :((((((((((((

    August 1, 2011 02:25 pm at 2:25 pm |
  2. Fed Up

    So, Obama likes the bill, but Pelosi doesn't. Guess it is the Democrats that are the problem now. Doesn't matter. They all need to be kicked out of office because they aren't old enough to hold office. Never knew that 2 year olds could govern a country.

    August 1, 2011 02:30 pm at 2:30 pm |
  3. Moderate American

    Pelosi underestimated President Obama. The two words tax increses makes the republicans insane with fury and energyzes their tea party troops. I read tax reform would be disscussed on the second stage. That leaves the door open for a more balanced and equalitarian system of taxing. I think democrats like Pelosi will work hard for more tax and really democratic raising of revenues. The republican tax system is based on fear, like third world dictatorships. Time for Americans to get rid of that tension. :))))))))

    August 1, 2011 02:34 pm at 2:34 pm |
  4. New Age Independant

    What is really disconcerting is the fact that Democrats don't learn from their mistakes. Obama campaigned on "change", yet the Democrats have not changed at all from their Tax and Spend even more mentality. This simply cannot continue at the record paces as it has in the past few years. Once upon a time they were more interested in a balanced budget, but it seems those days are gone. Why? It's not the defecit; At least not with the way Democrats have spent over the past 3 years. Greed? Perhaps. Corruption? Possibly. Buying votes from the gullible? Quite likely.

    August 1, 2011 02:34 pm at 2:34 pm |
  5. gt

    well nancy you had your chance to vote it in when you had the house , senate and the president... that just show what a waste of power yo0u had and didnt do a damn thing with so blame your self nancy !!!

    August 1, 2011 02:35 pm at 2:35 pm |
  6. Mike

    Thank you Republican Tea Party for ensuring that the low income earners will ahve to pay while your wealthy supporters pay nothing. It's very much like the Wall Street greeders that got bailed out and then paid bonuses. They have been and always will be the praty of "Do as we say, not as we do".

    August 1, 2011 02:35 pm at 2:35 pm |
  7. Moderate American

    I like Pelosi's firmness 🙂

    August 1, 2011 02:36 pm at 2:36 pm |
  8. LNB

    Dos Veedanya Amerika!! Obama you had such a chance to make a difference in our lives. It is deplorable that you caved in. You gave too much away and you did not fight for us. The country will implode. The wealthy will walk away to their islands and to their enclaves. We, Sir, will vanish after slow, heartbreaking, deaths from illness, poverty, and the crumbling of our nation's infrastructure.

    August 1, 2011 02:36 pm at 2:36 pm |
  9. The Day of Financial Reckoning is HERE - The Great Democrat Welfare Society Ends

    I guess the fact that these people already send this ingrate the shirt off their backs just isn't enough. She now wants their pants and underwear too! Hey Nancy! How much EXTRA are YOU and your rich husband sending into the federal government to fund your wealth redistribution scheme???

    This old hag has got to go. Since she had her private jet pulled, she's gotten even nastier.

    August 1, 2011 02:36 pm at 2:36 pm |
  10. YesWeCan

    Nancy, you may also notice the "deal" does not address the almost 50% of Americans do not pay any taxes. The taxable base must increase. Tax laws must change to eliminate tax exceptions for the poor who keep having babies to gain addtional government bailouts and tax refund checks for those who never even collected a pay check or above the amount they paid in. That is where you are losing your tax revenue. These folks don't create jobs, weathy people do. And, stop bailing out your own failed state of CA. We know you have gotten tax reform through for your base. Keep your hands out of our pockets.

    August 1, 2011 02:38 pm at 2:38 pm |
  11. Bob in Pa

    How about you donate 50% of your wealth. They cry "Injustice" instead of leading by example. All of them are hypocrits.

    August 1, 2011 02:39 pm at 2:39 pm |
  12. V in Chicago

    At least she is going to read it before she decides how to vote. HEY BACHMANN – This is how it's done.

    August 1, 2011 02:43 pm at 2:43 pm |
  13. Blackman in America

    You go Nancy.............I still think your the best. Hang in the N. Pelosi

    August 1, 2011 02:43 pm at 2:43 pm |
  14. annie s

    It's not disconcerting, Nancy, it's pathetic.

    August 1, 2011 02:49 pm at 2:49 pm |
  15. Sebastian

    Go to the mat on this one Nancy. Somebody in the Democratic Party has to show the Terrorists & Hostage takers that we will not just roll over when they threaten national suicide. Once you've be punked by a thug, they will do it again. The second time is worse because they will definitely NOT BLINK.

    I like the President and support the President. I actually think the best thing for him and the country is for the House Democrats and the ultra-right wing Teapublicans to withold their support for this bill. The GOP will get the blame for the failure and maybe that, along with Ryan's plan to end Medicare, will give the liberal side enough to win back the House and stop this Tea Party nonsense.

    There is no way a minority of Congressmen should be getting their way like this.

    August 1, 2011 02:50 pm at 2:50 pm |
  16. A. Goodwin

    Good for her. I want revenue as well – sigh...but alas, why should the rich create any jobs???

    August 1, 2011 02:50 pm at 2:50 pm |
  17. galetony

    I agree with Pelosi, the rich need to pay their fair share. but the only that is going to happen is when we get all the tea party people out of congress. They know nothing about how congress works. Most are low to middle class citizens who were bought out by norquist and his cronies! then we might have a chance of having a real congress that works for the people!

    August 1, 2011 02:53 pm at 2:53 pm |
  18. Steve-Illinois

    Elections have consequences! Could this be the beginning of a government that finally gets a hint! The government of be everything to everyone has to end! Can't wait to see if Nancy walks across the street with her entourage over this bill!!!

    August 1, 2011 02:53 pm at 2:53 pm |
  19. Lucullus NYC

    Of course not one red cent from the wealthies people. For that to happen the Dems would have had to had balls. The would have haed to stand up to the jack boot right. So once again, because the dems have nothing between their legs but air, the middle class and the working people of this country get screwed once again. Thanks for nothing Nancy and you can tell Barrack O'Foldem that if we had wanted a republican president we would have voted for one. What a bunch useless tools.

    August 1, 2011 02:56 pm at 2:56 pm |
  20. andrew

    I'm with you Nancy rally the Dems vote NO!!

    August 1, 2011 02:56 pm at 2:56 pm |
  21. Indy

    Say what you want about Pelosi but she is 100% correct that it is disturbing that there is no revenue in this deal and that is a slap in the face to every hardworking American. The Bush tax cuts are a huge part of the reason there is a massive deficit and it is painfully obvious that corporations and the wealthy continue to get these gifts as everyone else suffers.The only answer now is to get the Republicans out of office before the country is totally destroyed, there is twelve years of proof that the tax breaks do not create employment and twelve years of solid proof that they only cause massive debt that the middle claas will have to pay back.

    August 1, 2011 02:58 pm at 2:58 pm |
  22. Deanna

    This is disgusting...the rich just keep getting richer on the lil guy's back...
    ...but thank you Nancy and all the others who "tried"...I don't understand our world and I truly don't understand our "democracy"!!

    August 1, 2011 02:58 pm at 2:58 pm |
  23. joinamerica

    Wealthiest people? You mean like her right? Nancy Pelosi lives in a multimillion dollar mansion in Pacific Heights, the most expensive neighborhood in San Francisco. Her estimated net wealth is over 50 million dollars. She gets up and talks about socialism at the big Democratic fundraisers, and sits down and treats the wait staff like dirt.

    August 1, 2011 03:05 pm at 3:05 pm |
  24. The Greedy Old Pigs have declared class war on US!

    It's about time a Dem mentioned the obvious. The GOBPbagger motto is "we care for the greedy, not the needy." Those corrupt corporatist cultists haven't asked their cult leaders to make one single solitary sacrifice, while asking the rest of us to carry the burdens for the ultrarich and Big Business. This is vile and un-American and our nation cannot be great when the top 2% of our country is corporate welfare queens getting fat while the rest of us starve.

    August 1, 2011 03:05 pm at 3:05 pm |
  25. Rickster

    Pelosi's a loon and democrats are always wrong. For instance:
    "Over the past six months, Wisconsin has been nothing short of a miracle. Newly elected Governor Scott Walker and the Republicans in the majority in Madison got just about everything they wanted during the past legislative session, and a state facing a projected $3 billion budget shortfall with no end in sight now has a projected $300 million budget surplus."
    Here's a good rule of thumb: "If democrats support something(or someone), you should oppose it. If democrats oppose something, you should support it."

    Follow that advice and you will never go wrong.

    August 1, 2011 03:08 pm at 3:08 pm |
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