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Pelosi: "A False Argument To Say That We Have A Spending Problem"

HOUSE MINORITY LEADER NANCY PELOSI: So, again, we have to make a judgment about how do we get growth with jobs, that's where the real revenue comes from. You don't get it by cutting down your (inaudible), cutting into education, cutting back on education in science and National Institute of Health, food safety, you name it.

So, it isn't as much of a spending problem as it is a priorities [problem], and that's what a budget is, setting priorities.

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PELOSI: Here's the thing, we are here to have a budget that has revenue coming in, that has investments made into the future. We also want to make decisions in those two areas, where growth with jobs are created because more jobs, more revenue coming in. Nothing brings more money to the Treasury of the United States than investments in education of the American people.

So if you recognize that, which cuts really help us and which cuts hurt our future. And cuts in education, scientific research and the rest are harmful. And they are what are affected by the sequestration. So, it is almost a false argument to say that we have a spending problem. We have a budget deficit problem. (FOX News Sunday, February 10, 2013)

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