Pelosi: ‘Not Fair’ If Super Committee Won't 'Touch a Hair on the Head of the Wealthiest People' in U.S.

October 27, 2011 - 3:48 PM

Rep. Nancy Pelosi (D-Calif.) AP Photo

Rep. Nancy Pelosi (D-Calif.) AP Photo

(CNSNews.com) - House Democratic Leader Nancy Pelosi (D-Calif.) said Thursday there should be “no sacred cows” in the Super Committee's efforts to find ways to reduce the deficit by a minimum of $1.2 trillion over 10 years by Nov. 23.

“It’s not fair to say to a senior you’re going to pay more for social security and we’re not going to touch a hair on the head of the wealthiest people in our country,” Pelosi told reporters at her weekly news conference.

Pelosi was asked by a reporter whether she would support a plan to change the inflation adjustment for Social Security and Medicare beneficiaries in exchange for Republicans accepting revenue – or tax – increases.

“What I have said to you before, and I will say it again, is that it’s no use asking me about specific things until we see the whole package,” Pelosi said.

“It’s not fair to say to a senior you’re going to pay more for social security and we’re not going to touch a hair on the head of the wealthiest people in our country.

“It’s not fair to say to that senior, by the way, that increased premium that you’re paying is now going to be considered revenue -- is now going to be considered revenue. So, let’s just see a package, let’s not, again, exclude anything, let’s just see how they come -- everybody recognizes the balance that we need to have.”

Pelosi said that everything is on the table for the Super Committee to consider in deciding how to reduce the deficit, which hit the second highest amount on record for 2011 with $1.3 trillion, on Oct. 14.

The Joint Select Committee on Deficit Reduction, comprised of six Democrats and six Republicans, was created under the Budget Control Act passed in August and is responsible for reducing the deficit

Pelosi said the Super Committee has the opportunity to do “something big, something bold, something balanced.”

“I’m excited about the prospect, the vulnerability that all of the economies of the world have and our dependence on each other, the leadership role that the United States is expected to play and the urgency, in terms of job creation for the American people -- all require us to make our best possible effort to have no sacred cows on that table, to go there and to get the job done.  We’ve told our members we want results.”

Pelosi also said national security is “our first responsibility.”

The Department of Defense has already seen $350 billion in cuts, and if an agreement is not reached by the super committee, Defense will see additional cuts nearing $1 trillion over 10 years.  An automatic trigger will result in cuts equally to defense and non-defense spending.