"We're willing to bite the bullet and make serious cuts in discretionary spending," Pelosi told a small group of reporters and bloggers. "That could go to a trillion dollars or more. And the interest saved on that can take us to like a trillion and a half dollars saved."We could go even further with non-health mandatories, could take us almost to two trillion. We could use the offshore -- the Overseas Contingency [the wars in Iraq and Afghanistan] -- could take us to two-and-a-half trillion dollars. Which is the dollar-for-dollar for the lifting the debt ceiling. I don't think we have to have dollar-for-dollar, but for those who think they do, there's a path to get there.
That's not a great deal for Democrats, she noted, but it protects key programs like Social Security, Medicare, and Medicaid. "[T]hat's a non-revenue path. I don't like it at all but it doesn't go near our entitlements," Pelosi said.
Oddly enough, Pelosi says nothing about cutting funding for Obama's illegal, unconstitutional undeclared war in Libya. I wonder how that oversight happened?
And don't you love the notion that spending n defense is discretionary, while welfare programs are "entitlements" -- despite the fact that under the Constitution it is defense spending that is the only one authorized.