Senator Tom Harkin – Another Democrat In Spending Denial

It was revealed recently that President Obama told John Boehner he was tired of hearing about a supposed spending problem in America, that it didn’t exist. Democrat Minority Leader Nancy Pelosi joined in the madness last Sunday, declaring it was a false argument to say our government has a spending problem. Now, we have another liberal Democrat in spending denial, with Senator Tom Harkin voicing his opinion on the subject. This gets crazier every week. Let me share Harkin’s thoughts on the issue, using two different sources because it seems a lot of people are not catching the full context of what he had to say.

(Caffeinated Thoughts) Thank you, Madam Chair. I think, first of all, I want to disagree with those who say we have a spending problem. Everyone keeps saying we have a spending problem. And when they talk about that, it’s like there’s an assumption that somehow we as a nation are broke. We can’t afford these things any longer. We’re too broke to invest in education and housing and things like that. Well look at it this way, we’re the richest nation in the history of the world. We are now the richest nation in the world. We have the highest per capita income of any major nation. That kind of begs the question, doesn’t it? If we’re so rich, why are we so broke? Is it a spending problem? No.

Now, the second quote which shows us the direction of Harkin’s thought process.

(CNS News) “Is it a spending problem? Harkin said. “No, it’s because we have a misallocation of capital, a misallocation of wealth.”

“All of this wealth that’s been built up by hard-working Americans has been accumulated into fewer and fewer and fewer hands all the time,” Harkin said.

Ah, the truth comes out. The liberal Democrats, of whom Senator Tom Harkin is a prime example, really do not believe a spending problem exists in America. According to them, all we have to do is reallocate the capital and wealth. After all, just because someone has worked all their life and managed to accumulate enough wealth so they and their family can live more than a little comfortably, that doesn’t mean they are entitled to the fruits of their labor. The government can obviously do a better job of allocating funds to the proper people. I mean, they are doing such a bang-up job with the money of the taxpayer now, why not give it all to them and let them distribute to their heart’s content?

Any words I write in this post can not adequately express the sarcasm and the complete disgust I feel when I hear any government official expounding on the fiscal condition of our country in this way. I do not consider myself a very smart man, but I am smart enough to know Senator Tom Harkin and his ilk are full of something that smells horribly bad. President Obama believes he has a mandate from the people to do as he pleases. This amounts to more tax and spend policies coming out of Washington and Tom Harkin believes that is the direction we need to go as a country. I would suggest he take notice of the feeling in America that he already has his new revenue. Asking for more isn’t going to work. It’s time to cut spending, regardless of how the liberal wing of the Democrat Party feels about that sacred cow.

About LD Jackson

LD Jackson has written 2038 posts in this blog.

Founder and author of the political and news commentary blog Political Realities. I have always loved to write, but never have I felt my writing was more important than in this present day. If I have changed one mind or impressed one American about the direction our country is headed, then I will consider my endeavors a success. I take the tag line on this blog very seriously. Above all else, in search of the truth.

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10 comments to Senator Tom Harkin – Another Democrat In Spending Denial

  • The ignorance continues unabatedl

  • He knows that if the powers that be want a democratic socialist state like Sweden, then Americans (all) will have to pay taxes like they do in Sweden. They talk about the rich for now, but it won’t be long and they will be eying the middle class.

  • The same Democrats who think we can spend our way out of the economic doldrums are the same people who claimed we could not drill our way out of high gas prices, and that is something that I find interesting. The more I hear these Democrats refuse to admit we have to cut spending the more doomed I think we are. They are in denial and they seem to be winning the PR war and that spells trouble for the nation.

    • I am sick of hearing the Democrats trying to convince the rest of America that we do not have a spending problem. Common sense tells me that problem is very real, yet they continue to deny that it exists. Throw in the fact that the media gives them a free pass on their lies and our nation certainly seems to be in a world of trouble.

  • Bettybb

    I believe you are taking Pelosi’s remark out of context. Add in her next sentence and you will see that what she is saying is there is a deficit problem, and of course the Democratic position is that you need both spending cuts and new revenue to address that problem.

    Obama did run on the platform of tax increases for the rich, eliminating tax loopholes for the rich and corporations and eliminating corporate welfare (subsidies), and the majority of Americans voted him in on that basis.

    Bush’s policies favoring the rich resulted in a huge redistribution of wealth from the middle class to the rich. Why should the middle class take only 4% of the income out of our economy, but pay 32% of the taxes? The rich take 95% of the income but only pay 68% of the taxes. The result is the money earned by the middle class is being handed to the rich.

    Because the middle class has been impoverished, they do not have money to spend. So the there is no demand and the economy has died. We need to make the rich pay their fair share, and return the money stolen by the rich to the middle class. Then our economy will grow once again.

    Think of third world countries. All the money is in the hands of few. The rich are not job creators. Money never trickles down. The poor remain poor and there is no middle class. That is what is happening in America because of the policies redistributing the money of the middle class to the rich.

    • I am fully aware of the context Nancy Pelosi was using when she made her ridiculous remarks. I am also aware that we have a deficit problem, but it is just as ridiculous to assert that the problem is the result of revenue, instead of spending. We can not spend our way out of the fiscal troubles we are in. Fiscal discipline is what is required, but very few politicians of either political party are willing to take those steps.

      As for needing spending cuts and new revenue to address the problem, we have already gave up new revenue in the deal that was negotiated at the beginning of the year. No real spending cuts have been offered by the Democrats. Instead, they just continue the same straw man argument that we still need more revenue. They are consistent in the fact that no matter how much they talk about spending cuts, they never materialize.

      I would be interested in knowing why you believe President Bush’s policies were a huge redistribution of wealth from the middle class to the rich. I’ve never heard that argument before, but it stands to reason, since Bush is still the favorite scapegoat of the liberals.

      Where did you get your numbers about the middle class taking only 4% of the income, but paying 32% of the taxes? The CBO put out a report last year that would dispute that claim. See this link. http://www.washingtontimes.com/news/2012/jul/10/cbo-rich-pay-outsized-share-taxes/

      Wealthy Americans earn about 50 percent of all income but pay nearly 70 percent of the federal tax burden, according to the latest analysis Tuesday by the Congressional Budget Office — though the agency said the very richest have seen their share of taxes fall the last few years.

      What does third world countries have to do with America? It may very well be true that the rich and powerful in those countries have a monopoly on the wealth over there, but that isn’t how things work in our country.

      • Bettbb

        Traditional Kenysian economic theory supports spending your way out of a recession. It worked over and over again in the 20th century. It has also worked to stop, and start to reverse, the Bush recession. The problem is there has not been enough spending (the GOP blocked it) and the spending there has been was not as efficiently used as it should have been (the Dems did a bad job on that one). But it did stop the slide, and reduce unemployment considerably, and start a very slow recovery.

        Europe tried austerity only (cutting spending) and it did not work. It just further tanked their economies. They have had to reverse course. France is now taxing the rich at 75%. We have done better that Europe because of the stimulus.

        Even Romney during the campaign said he would not cut spending while the recovery was still occurring because it would put the economy back into a recession.

        The non partisan Congressional Research Service came out with a report in the fall of 2012. They found that the Bush tax cuts did not help the economy and the result was actually a redistribution of wealth from the middle class to the rich. In fact there has been a huge, a mean huge, redistribution of the wealth of the middle class to the rich. About 400 families now own more of the national economy than 50% of population. Google articles and graphs on this. The working and middle class have been robbed. While productivity has gone up, wages have gone down, except for the rich. The whole system has been distorted and rigged against the working and middle class.

        Here is a Mother Jones rticle and one CBO report on the subject of income change.
        http://www.motherjones.com/kevin-drum/2013/01/income-inequality-and-economic-growth
        http://www.cbo.gov/sites/default/files/cbofiles/attachments/10-25-HouseholdIncome.pdf

        In this latest budget go around Obama has offered 85 billion in cuts. The Repubs are going to let the sequester take effect. I have no problem with that as we really need to cut the bloated military and most of the cuts are going to be cuts to already mandated automatic increases in spending. So I do not think these cuts are going to tank the economy. Because the sequester cuts are not targeted some of the cuts are going to make no sense but given the political war going on in DC, it looks like it is the best we can do at this point.

        I pulled the taxes to income statistics out of an article a while ago but did not keep the citation. The Washington Times article does seem to contradict the figures I used. I checked the CBO report and you are correct- for 2006, the richest earned 55 % of the income and paid 67% of the taxes.

        Third world economies have everything to do with what is happening in America. The concept that wealth “trickles down” is a myth. It does not. And the economies of third world countries prove it. If wealth trickled down, if the wealthy were job creators, then these countries would have booming economies.. and they don’t. What creates a great economy is having a well paid working and middle class.

        It took Bush 8 years to destroy our economy. I expect it will take at least 8 years to get it back on track.

        • I know Keynesian economics say you can spend out of a recession, but I disagree with that assessment. If we continue with the current rate of spending, our country is going to go bankrupt. It is complete and total foolishness to continue that path.

          Also, the recession that we are still in is not the Bush recession. Yes, it started during his tenure as President, but it was brought on by the crash of the housing market and the subprime mortgage crisis. Those two events were the direct result of the liberal policies that pushed banks to make loans to people who had no hope of paying them back. When banks tried to hedge their bets against these loans, everything came crashing down. Fannie Mae and Freddie Mac were right in the middle of this debacle. Bush tried to stop the practices that were going on, but the liberal Democrats in Congress put a stop to that. So don’t blame Bush for the mess we are in.

          Even if he were to blame, Obama has had four years to straighten things out and he has failed miserably. If this is a recovery, I would hate to see what another recession looks like.

          I really don’t see this discussion going anywhere for either of us. You obviously are a believer of tax and spend and I will never come to see that point of view. You mention the French and their obscene taxing of the rich. How much more tax revenue do you want to see, before it is enough? Do you realize you could tax the rich at 100% of their income and it still wouldn’t pay down our debt and deficit? How do you propose to do it? Oh, I know. Let’s just keep spending money we do not have. That should do the trick.


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