Maybe he had some bad shrimp at the Congressional all-you-can eat Chinese Buffet where he eats, or perhaps he banged his head on the metal overhang covering the make-your-own-sundae bar, but it has become clear that Congressman Jerrold Nadler has suffered a serious loss of brain function.
The proof? Today he said:
We don’t have a deficit problem right now. In the long term, we have a deficit problem – we’ve got to get it under control but not right now,” said Nadler at the Capitol on Wednesday.
No deficit problem? What does he call this almost $15 trillion dollar monkey on the back of the American People. I know that $15 trillion doesn’t sound like a big number to the Congressman but to the rest of us (and to Standard & Poors) that is a rather large number to owe.
Speaking at a news conference for the Congressional Out of Poverty Caucus, the Manhattan progressive said:
“That’s the real crisis – the unemployment, not the deficit.
How does the sanity-challenged Congressman intend to fix unemployment? Class Warfare!
“Right now we’ve got to get unemployment under control. If we got unemployment down to 7 percent, down to 5 percent, which is what it was in 2005, and 2007 rather before the recession hit, if we got it down to 5 percent, half the deficit would be eliminated just by that – half the deficit without cutting a nickel from the budget. So, we have to address the real problem. The real problem is we are not taxing properly.”
According to Nadler, the way to solve the unemployment problem is to increase corporate taxes. Presently the United States has the second highest corporate tax rate in the world. He predicts that by taking more money from these corporations unemployment will go down and he may be right, if you measuring unemployment in the countries where those corporations will move to avoid being being taxed to death.
“In 1950, corporations paid taxes equal to 8 percent of GDP, today they’re paying taxes equal to less than 1 percent of GDP. In 1980, corporations’ taxes were 6 percent, sorry, were 30 percent of total tax revenues, today they’re 6 percent of total tax revenues – they’re taking the taxes off the corporations and off the rich,” he said.
He continued, “When we talk about, ‘we’ve got a budget deficit crisis’ no we don’t. We have a tax crisis, we have a crisis that we’re not taxing properly and we have a recession and an unemployment crisis.
“The way to get out of that unemployment crisis is to spend money on more food stamps and on aid states and local governments so they don’t lay off people and on infrastructure so we can be competitive and put people to work and if we did that, unemployment would go down, tax receipts would go up and we’d be well on our way out of this so-called crisis.”
See what I mean? The guy is loony-tunes! Maybe the band around his stomach that doctors put in to prevent him from eating the progressive caucus, snapped and injured his brain. Either way it has become obvious that he has lost a major part of his brain function.