The Associated Press

Fresh Off Win, Warren Outlines Goals In U.S. Senate

BOSTON — Massachusetts Democratic Sen.-elect Elizabeth Warren is vowing to help tackle the nation’s looming deficit by pushing for what she calls a “balanced approach” of spending cuts and higher taxes on the wealthy.

Warren, who defeated incumbent Republican Sen. Scott Brown in Tuesday’s election, said agricultural subsidies are among the cuts she’d support.

Warren also said that as the nation winds down the wars in Iraq and Afghanistan it should use some of the money it’s been spending on those conflicts to bring down the $16 trillion debt.

The first woman elected to a seat in the U.S. Senate from Massachusetts said her top priority remains helping strengthen and rebuild the nation’s middle class.

Warren also sounded a conciliatory note, saying that Brown was “exactly right” when he said bipartisanship is important.

Please follow our community rules when engaging in comment discussion on
  • Rsidell

    OMG – is she really that stupid? We cannot reduce the debt until we eliminate the deficit.  Its elementary school arithmetic!

    • Mdubnick

      OMG, are you really that thick? OK, let’s try “elementary” arithmetic… To “eliminate” the deficit (which is annual) means striking a balance between revenues and expenditures. That leaves the debt (which is the accumulated amount) unchanged. To reduce the debt means to generate a surplus (more revenue than expenditures) (as was happening in late Clinton years). Now, if you want to skip elementary school and take some economics into account, you will have to consider the impact of either step (reducing or increasing spending, raising or lowering taxes) on the annual deficit/surplus. Turns out to be more complicated than you might think — and baffling from the perspective of a sixth grader….  Fortunately, the folks who know what their talking about have at least a basic undergrad course in economics to back them up…

Most Popular