Debbie Wasserman Schultz: “I am so glad that you highlighted that because the fiscal irresponsibility is startling, and so often it is difficult…”

“I am so glad that you highlighted that because the fiscal irresponsibility is startling, and so often it is difficult for us to quantify or physically represent what the impact is of the fiscally irresponsible decisions that are going on here, and we are not just making this stuff up ourselves. Mr. Meek is absolutely right. The three of us were State legislators. We worked every day to balance our State budgets. States cannot operate in the red like the Federal Government can. The Federal Government can deficit spend. That is not possible at the State level. So, when we pass down a tax cut, it means that there is less revenue available at the State level in the programs that they are counting on those Federal dollars to fund, and so they have the devolution of the tax cuts. Look, it is so often the Republicans talk about how they make these references to tax-and-spend liberals. Well, not only as you have talked about are they borrow-and-spend Republicans, but they also have refused to acknowledge that tax cuts are another form of spending. I mean, they are adopting irresponsible tax cuts for the wealthiest few. It would be one thing if they were passing tax cuts on to middle class working families. They are passing tax cuts that add to the deficit for the wealthiest few. Let us just go over some opinions and some reality that is being offered out there as far as what third party validators have to say about their irresponsible spending.…”