Hypocrisy in Congress is outrageous, infuriating

Trying to get a straight answer out of Republicans and Democrats is impossible these days.

By Jim Cramer Dec 12, 2012 10:09AM

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CorbisThe lack of sincerity in Washington, D.C., was palpable Tuesday. Over and over, I could not get a single elected official I spoke with, neither Republican nor Democrat, to give me even one idea for cutting spending right now. Not one.

 

I made tons of suggestions that could be implemented Wednesday.

 

Why do we have huge military bases in Japan and Europe? These are just leftovers from another era. There are whole defense projects that not even the Defense Department wants.

 

How about farm subsidies? Ethanol subsidies? Nope.

 

How about Medicare negotiating with drug companies? Nope. I heard from one poll that the drug companies might move elsewhere. Where? We are the only country that lets them gouge us. I heard that the drug companies wouldn't feel compelled to spend money to develop new drugs. I wanted to scream: Did you ever hear about patent cliffs?

 

Outrageous.

 

The Republicans were absolutely no better than the Democrats. In fact, they were worse. When I stipulated that I am not interested in talking about raising revenues because they say over and over that the issue is spending, they still talked about raising revenues. When I insisted that they talk about what they say they insisted on talking about, they wouldn't. They simply wouldn't.

 

I could never get away with that level of hypocrisy.

 

Ever.

 

Infuriating.

I came away thinking that there is nothing the Republicans won't do to be sure that the 2% don't pay more, including throw people out of work and make everyone else pay, which is what's going to happen if they don't compromise.

 

And the president? He has no serious plan to cut spending either -- but at least he is willing to give something that helps balance the budget (read on TheStreet).

 

I am going to repeat this so it is really clear: NO Republican offered me anything to cut spending in the near-term. Not one.

 

If you are serious about spending cuts, you have to be able to offer one.

 

My conclusion: Republicans aren't any more serious than Democrats are, but at least the Democrats are asking someone to help solve the deficit, the cohort that got the big break on taxes when things weren't so hot.

 

Cramer's face

 

 

Jim Cramer is a co-founder of TheStreet and contributes daily market commentary to the financial news network's sites. Follow his trades for Action Alerts PLUS, which Cramer co-manages as a charitable trust.

 

 

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109Comments
Dec 12, 2012 5:17PM
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Cramer, the government needs to be placed on a performance plan.  Taxes should be contributions and voluntary to compete with the houses of worship and goodwill organizations.  What a concept.  And we could make the contributions to the government tax deductible! 
Dec 12, 2012 5:15PM
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Congress needs to practice zazen.

Obama needs the keisaku.
Dec 12, 2012 5:13PM
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Well the good news is that if I live to be 90 I will finally be conserdered for a SBA loan in 2043...
Dec 12, 2012 5:07PM
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The Federal Government is the chains we put ourselves in by demanding more help from them.

Better roll it back or there will ultimately be fewer states in the union.  You see, no one has to follow federal regulations once they perceive it has gone to far.  That's why we have the second amendment; to keep the power clowns in check. 

Dec 12, 2012 5:06PM
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JIm you are out of your freaking mind if you think dem and more importantly Obama has any plan to actually cut one cent....wow...you are fooled very easily aren't you.

 

Dec 12, 2012 5:01PM
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Let's get down to basics.  We have a politically corrupt congress (I see no difference between parties) that listens only to special interests. We have a Gorilla in the room that everyone in Congress ignores.  A overly costly healthcare system that treats the symptoms of  a nutritionally defunct American lifestyle. Fix the nutritional system, take out the excess medical palliative treatments from the healthcare system and get this country back on track. We have a shift to lower energy costs coming that will  re-energize the economic base of this country, if the politicians would only take action and stop the wasteful spending that they refuse to address.  Cramer...keep the dialog going. You are on the mark!   Thomas Braun Rph

Founder Health Education Institute

Dec 12, 2012 4:56PM
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NOT A TRUE BELIEVER:Need I remind you 3,000 died on 9-11.Bush`s watch.

Our far right media didn`t blame Bush, instead they made excuses for him.

Dec 12, 2012 4:10PM
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Wake up America

If the president gives into any of the outrageous demands from the Republicans

In their implacable obsession to make the rich, richer on the back of the middle class, many of us, friend, relatives, neighbors that are hard core Democrats are saying we will for ever lose our Democrat Base for ever. Its also obvious the Rolling Over one more time on the ridiculous, insidious, and inflexible demands from these fastidious people, wanting more bartering in their favor, will terrible undermined the changes of Mrs. Clinton to run for president in, and gain the presidency in 2016! We have suffer enough economical stagnation for many years now from the dismal political, and socio-economical policies of Bush, and their dismal abuse of the people, in wars, unpaid taxes, and disastrous economical expenditures that had brought us to this present fortuitous situation, this living travesty of the present Fiscal Cliff. The loud voice from all the Democrats around here is that, we nearly lose the country to Bush economical debacles of 2008. We are ready to suffer some more, not to tolerate any more further the abuses of the House of Representatives Tea party, and Republicans in the relentless the discard from the people’s hunger, and their perpetual discord putting our USA in chains to against our wishes for food, and jobs any longer! This time it be much better, to win than losing our honor one more time.

Dec 12, 2012 4:06PM
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THEY ONLY ONES LYING ARE DEMOCRATS! OBAMA BLAMES REPUBLICANS BUT HE NEVER

PASSED A BUDGET HE WASTED BILLIONS IN STIMULUS AND BAILOUTS HE SHUT DOWN

CHEAP ENERGY TO PUSH A FAILED GREEN AGENDA AND PELOSI LIKES UNEMPLOYMENT

INSTEAD OF JOBS AND THEY WANT ALL TAXES RAISED TO SPEND MORE ON THEIR LIBERAL

AGENDA! REPUBLICANS ARE FOR FREEDOM, JOBS, LOW TAXES AND SMALLER GOVT.

IT'S THE DEMOCRATS HOLDING UP PROGRESS FOR THEIR LIBERAL PROGRESSIVE GOVT!

AND NOW WE'RE SEEING THE RESULT OF OBAMACARE! SERVICES CUT HIGHER RATES

FEES AND TAXES!!!!! SO HE CAN GET TO HIS SINGLE PAYER GOVT DEATHCARE!

Dec 12, 2012 4:04PM
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And this is a surprise? Republicans knees start to shake the moment Grover's name is even mentioned.  A non-elected, dictatorial, manipulative bully has our representatives under his thumb. All because if they in any way show willingness to raise revenue, he'll  "go after them".  This can only mean they have one concern...getting re-elected. In my day we called these reps many names...all meaning "cowards". 
I agree with you, there is so much waste that could be cut.  But the reps silence (meaning "not in my district" or  "not anything that cuts federal contracts for those who donate money to my re-election") is the driving force. Solution: term limits. In the mean time, we need to vote these cowardly casper milktoasts out.

Dec 12, 2012 2:52PM
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Its becoming like you cant tell the two parties apart.
Dec 12, 2012 2:24PM
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Jim,

It should be obvious to all americans at this point, if a republican votes for a budget or a spending cut, they will be hammered by the media and you. If the democrats propose raising taxes on anyone other than the 1% or zombies they will be hammered by the media and you. We are a nation of children and special interests, thanks to the media and you. Sadly the fiscal cliff is about as good as this president is capable of. Everyone's sacred cow is gorged, blame republicans for Clinton tax scheme, of course, blame democrats for spending cuts and defense sequester of course. 

Dec 12, 2012 2:23PM
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Obama has no intention of making any meaningful spending cuts. He wants to suck Republicans  into identifying necessary cuts in Medicaid, Medicare and Social Security so he can use these suggestions against them in the next election cycle. He's totally transparent when it comes to his dirty politics.The president should take the initiative, not the Republicans. But he won't and the left wingers, including Jim Cramer, will continue to fuzz things up so the American people won't know what to believe.
Dec 12, 2012 2:22PM
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Protect the wealth class until you don't need them anymore.  This is and will be the unspoken rule until their support and silence is no longer needed.
Dec 12, 2012 2:18PM
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Well Mr Cramer you should have spoken to Ron Paul. He would have lots of spending cuts for you.
Dec 12, 2012 1:54PM
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the congress has an approval rating of 9%.Why do 98% get reelected.Obama has

an approval of 57%.Unless you`re an extreme right wing birther, most

people are appreciating his fine work.

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It's time for some kind of States Rights. If the whole countryb cannot see eye to eye, split up certain things 50 ways.

Let states define what they are made of and Americans can move to where they agree with most.

States with more companies wanting to hire people willing to bust their butts will get a worker freindly atmosphere. Less unemployment, taxes, etc.

States where Government dependance is what most residents want, move there. But it may not last long. Heck, even California voters elected to make a law forcing them to pay more taxes. What?

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If you tax the rich as the President wants, you pay the Annual Debt for 8 days out of the year.  That is 2.19% of the Annual Debt we are in. 

Where will we cut the other 98% to balance the budget?   Take it out of Jim's "Charitable Trust"?   No way.  Take it from Buffet? No way.  Take it eventually from the Middle Class.   Hey now Mr. President there is an idea.   That way you won't have to cut any spending and get all the taxes you want.   You can now have your cake and eat it too!!!

This President is the lamest person we have ever had as President.  Sans Jimmy Carter.

Dec 12, 2012 1:34PM
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Dear Congress It is time to stop playing......To balance a Budget, It is needed to get true expenditures and how we are going to pay for them with matching taxes. The game the President & Congress is trying to play or  the tactics is not working for the country. Of course, if you are making north of $200K and with 2-4 year contracts and nice pension plan, medical insurance you lose touch with why you got that job? and who elected you?. You see if the agreement is not reached  before Dec 31 st 2012 it is just the 98% of USA  that will feel the effects of the goofing around by our "top"leaders.

Dec 12, 2012 1:32PM
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>>>It's ludicrous.... and it's funny to watch McConnell filibuster his own proposals<<<

 

Yes.. the circus continues.

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