The federal government has been running record deficits for years. But Nancy Pelosi and other Democrats continue to insist that they don’t have a spending problem. Pelosi said so this morning on Fox News Sunday and hinted that they want to increase spending.

Pelosi rebuffed GOP calls for the sequester replacement to focus exclusively on targeting more spending cuts and entitlement reforms.

“It is almost a false argument to say we have a spending problem. We have a budget deficit problem that we have to address,” she told Fox News’s Chris Wallace on Sunday.

Pelosi added that the deficit and debt are at “immoral levels” and “must be reduced.”

The Democratic House leader said she backed a “big, bold proposal,” that targeted ending subsidies for large oil companies and eliminating loopholes in the tax code.

“It isn’t as much a spending problem as much as it is priorities,” she said, arguing that tax subsidies were a better target than additional cuts that could hit programs such as education.

“Nothing brings more money to the Treasury of the United States than investment in education of the American people, so we have to recognize that,” she said. “Cuts in education, scientific research and the rest are harmful and they are what are affected by the sequestration.” (Read More)

How does she continue to make these absurd claims and keep a straight face? I’m sure the plastic surgery helps, but still.

We’re spending more on education than ever before but are still riddled with failing schools. Most “cuts” that politicians put into place are only cuts to increases in spending, so they never actual cut anything. Oh, and the sequestration was Obama’s idea. But ignore all of that. Democrats hate reality.

Update: Linked by Scared Monkeys – thanks!