Pelosi says last week’s $620 billion ‘is not enough’
You may notice a smaller total in your first paycheck for 2013,
“We’ve done about $2 trillion. I thought $4 trillion is the goal we should reach. I think we’re about halfway there. We need another $2 trillion,” said Sen. Ben Cardin, D-Md., a member of the Finance Committee, in a report in The Hill.
He explained what already was done, claiming a $917 billion cut in spending under the Budget Control Act from 2011, and last week’s $620 billion in new tax revenue. He said the interest and related numbers affected makes that package add up to about $2 trillion.
He said another $2 trillion is needed, of which $1 trillion needs to be in additional taxes.
The report said Sen. Jon Tester, a Democrat from Montana who won a close re-election in November, has called for similar numbers.
In a report in Politico, ex-House Speaker Nancy Pelosi, D-Calif., noted Americans simply aren’t paying enough. The $600 billion-plus “is not enough on the revenue side.”