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Harkin: ‘Is It a Spending Problem?
No ... It´s a Misallocation of Wealth´

Cybercast News Service, by Penny Starr

Original Article

Posted By:KarenJ1, 2/15/2013 2:44:02 PM

Sen. Tom Harkin (D-Iowa) said on Thursday that U.S. government does not have a spending problem, but America suffers from "a misallocation of wealth." “I look at it this way,” Harkin said at a Senate Appropriations Committee hearing on the Budget Control Act of 2011 (the law that includes the automatic spending cuts referred to as "sequestration"). “We’re the richest nation in the history of the world. That kind of begs the question doesn’t it? If we’re so rich, why are we so broke?” “Is it a spending problem? Harkin said.

Comments:
In another time Communism was treated as a grave threat to this country and others in the world. Now with the head Marxist 0bama they are running Washington. It´s terribly depressing to witness this.

      


Post Reply  

Reply 1 - Posted by: Jonr, 2/15/2013 2:50:23 PM     (No. 9178461)

Sen. Joe McCarthy was right. This country is infested with cockroaches like this Democrat who are communist, socialist and Marxist in everything that they say and do. Communists have infiltrated our academic entertainment and union industries. Now with a communist president, this country is in dire straits.

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Reply 2 - Posted by: Rafter, 2/15/2013 2:53:21 PM     (No. 9178470)

Harkin is throwing in the towel.
And it cannot come soon enough.

Truly if this is the "richest nation on Earth"...
why do we borrow money?
why isn´t our budget balanced?
why don´t we run a gummint budget SURPLUS every year????

That is the real question, dummy senator.
We should have a surplus of gummint money every year.
Who´s blowin´ it out the axe?
You, dummy senator, that´s who.
Case closed.

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R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: skedaddle, 2/15/2013 3:01:26 PM     (No. 9178485)

Tom Harkin´s 2010 net worth (from opensecrets.org) is between $10,276,123 to $22,918,001. He ranks 17th in Senate.

I see what he means about misallocation of wealth. I´d say we leave him and his wife with their Iowa house, $100,000 cash and 2 cars. Seize the rest and pay off some federal bonds with it. And do it to the next idiot that opens his mouth about "a misallocation of wealth."

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Reply 4 - Posted by: Cor-vet, 2/15/2013 3:02:14 PM     (No. 9178486)

How much is Harkin worth and when is he going to give it all away?

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Reply 5 - Posted by: Petronius, 2/15/2013 3:03:09 PM     (No. 9178487)

Harkin is a dolt.

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Reply 6 - Posted by: Yosemite Sam, 2/15/2013 3:07:19 PM     (No. 9178498)

Where was I when the allocations were made? Who does that? Treasury?

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Reply 7 - Posted by: mickturn, 2/15/2013 3:07:32 PM     (No. 9178500)

Oh, so you redefine one dollar as 50 and I pay a 5 tax?

Your math is as bad as the Blobal Blarming Hoax...junk science.

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Reply 8 - Posted by: VAPMAN, 2/15/2013 3:21:52 PM     (No. 9178540)

No #3, take all of his wealth and leave him to live in government housing with food stamps. Better yet let´s confiscate the wealth of all democrats. I could get used to being a communist is I get to do the allocating.

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Reply 9 - Posted by: VAfreedomluver, 2/15/2013 3:25:46 PM     (No. 9178554)

Dung Heap strikes again. What a maroon.

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Reply 10 - Posted by: Charactercounts, 2/15/2013 3:32:27 PM     (No. 9178577)

#3, the real question is, what was he worth when he first got elected?

He was one of five children of a coal miner, raised in a house without heat or hot water. He´s done pretty well, hasn´t he?

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Reply 11 - Posted by: kanphil, 2/15/2013 3:42:33 PM     (No. 9178594)

Trust the communists in the democrat party to find a way to call it anything but a spending problem.

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Reply 12 - Posted by: DARling, 2/15/2013 3:42:38 PM     (No. 9178595)

Wealth should be "allocated" to those who earn it.

If you are given what you have not worked for, you will not save or invest it. You will just spend it and then clamor for more. Why not, as long as someone else is supporting you?

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B-G1


 
Reply 13 - Posted by: killerbee, 2/15/2013 3:53:51 PM     (No. 9178624)

Warren Buffet, George Clooney and Steven Spielberg need to allocate me some wealth right now.

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Reply 14 - Posted by: ruready?, 2/15/2013 3:59:16 PM     (No. 9178629)

I agree with Senator Harkin. Too much entitlement spending results in a missallocation of wealth.

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Reply 15 - Posted by: Keekng, 2/15/2013 4:20:59 PM     (No. 9178662)

A master at sounding really stupid. Charlie McCarthy was more intelligent.

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Reply 16 - Posted by: Pinons, 2/15/2013 4:42:55 PM     (No. 9178688)

These people are delusional. The only people they are fooling are themselves.

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Reply 17 - Posted by: Cat Ballou, 2/15/2013 4:51:00 PM     (No. 9178706)

They may be delusional, but they are "driving" the train, all of us are riding on. When they talk of misallocation, the thought would never occur to them, to include themselves in the "problem". They are above all that, & we need to be taken care of by them. It is sad to see what our great nation has come to, & where it is headed, unless we get some good people in government.

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R_DBL_B
  


 
Reply 18 - Posted by: Davids918, 2/15/2013 4:55:45 PM     (No. 9178717)

So, who´s not paying their fair-share, Tom?

The wealthy?

George Soros made $1 billion just since November playing the Japanese Yen.

If the top tax rate was 50% would that be enough?
If not, why?

We have massive new wealth being developed in North Dakota, and have the opportunity to replicate that in a number of other areas but the Democrats say NO!

Yes, Tom, that would be a new wealth generating problem.



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Reply 19 - Posted by: ocho reales, 2/15/2013 5:04:59 PM     (No. 9178734)

Tom Harkin has been in Congress since 1975. He served in the House until 1985 and since then in the Senate. That´s 38 years by my count and he has amassed a personal fortune of between 10 million and 22 million dollars? Are you serious? On a Congressional paycheck? Term limits are what we need not men who go into Congress upon graduation from college and then stay there for the next 38 years. Is there nobody else electable in Iowa? What a disgrace to the people of Iowa.

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Reply 20 - Posted by: bob913, 2/15/2013 5:14:11 PM     (No. 9178744)

Ok Tom. I want your money!

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Reply 21 - Posted by: LanieLou, 2/15/2013 5:34:26 PM     (No. 9178771)

The commie marxists need to update their propaganda... we no longer are the richest nation on earth.

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Reply 22 - Posted by: BadgerBill, 2/15/2013 7:29:17 PM     (No. 9178888)

Why haven´t Iowa farmers taken him behind the woodshed yet?

And left his remains there?

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Reply 23 - Posted by: 3XALADY, 2/15/2013 8:27:06 PM     (No. 9178970)

It´s funny that when democrats talk about wealth, they mean YOUR wealth and not theirs. You don´t think he is going to misallocate any of his, do you? And love these guys/gals that become millionaires on $175,000/month or somewhere thereabouts. And paying living expenses in DC. Sure enough they do! /s

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Reply 24 - Posted by: Peacekeeper_US, 2/15/2013 9:18:15 PM     (No. 9179051)

#3...His Iowa house?..He never lived in Iowa, just used a bedroom in his mothers Iowa house and called it home.

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Reply 25 - Posted by: hamrman, 2/15/2013 9:28:09 PM     (No. 9179064)

Are all Dumbacrats retarded?

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Reply 26 - Posted by: ColonialAmerican1623, 2/16/2013 12:21:39 AM     (No. 9179196)

"It´s a Misallocation of Wealth"
It certainly is. Washington took the wealth of this country and flused it. Zippy came along and gave the rest away to his brothers.

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