Debt Has Increased $5 Trillion Under Speaker Pelosi

Discussion in 'Congress' started by Jroc, Oct 26, 2010.

  1. Jroc
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    Jroc יעקב כהן Supporting Member

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    This Bitch is out of control.:evil:


    Debt Has Increased $5 Trillion Since Speaker Pelosi Vowed, ‘No New Deficit Spending’
    Monday,

    October 25, 2010
    By Terence P. Jeffrey

    [​IMG]



    House Speaker Nancy Pelosi holds one of the pens used by President Barack Obama to sign the health care bill, Tuesday, March 23, 2010, in the East Room of the White House in Washington. (AP Photo/J. Scott Applewhite)

    (CNSNews.com) - When Rep. Nancy Pelosi (D-Calif.) gave her inaugural address as speaker of the House in 2007, she vowed there would be “no new deficit spending.” Since that day, the national debt has increased by $5 trillion, according to the U.S. Treasury Department.

    "After years of historic deficits, this 110th Congress will commit itself to a higher standard: Pay as you go, no new deficit spending,” Pelosi said in her speech from the speaker’s podium. “Our new America will provide unlimited opportunity for future generations, not burden them with mountains of debt."

    Pelosi has served as speaker in the 110th and 111th Congresses.

    At the close of business on Jan. 4, 2007, Pelosi’s first day as speaker, the national debt was $8,670,596,242,973.04 (8.67 trillion), according to the Bureau of the Public Debt, a division of the U.S. Treasury Department. At the close of business on Oct. 22, it stood at $13,667,983,325,978.31 (13.67 trillion), an increase of 4,997,387,083,005.27 (or approximately $5 trillion).

    Pelosi, the 60th speaker of the U.S. House of Representatives, has added more to the national debt than the first 57 House speakers combined


    Debt Has Increased $5 Trillion Since Speaker Pelosi Vowed, ?No New Deficit Spending? | CNSnews.com
     
  2. WillowTree
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    WillowTree Diamond Member

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    And not a damn thing to show for it.
     
  3. Meister
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    Meister Platinum Member Supporting Member

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    A major reason why the democrats aren't polling well a week out from the elction
     
  4. daveman
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    daveman Diamond Member

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    Republican debt is bad. Democrat debt is good.
     
  5. nraforlife
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    nraforlife Active Member

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    The good news is that this debt could be liquidated many times over by abolishing the (private) Federal Reserve and confiscating the assets looted over nearly 100 years from ordinary Americans.
     
    Last edited: Oct 26, 2010
  6. edthecynic
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    edthecynic Censored for Cynicism

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    As I have shown many times before, CON$ will argue one thing today and the opposite the next day depending on what suits their spin.

    If you remember when CON$ were claiming that Obama was TRIPLING Bush's biggest deficit year which was 2008, they claimed the Bush deficit for 2008 was $410 Billion, but now that they want to blame Bush's deficit spending on Pelosi they claim the 2008 deficit was $1.438 Trillion.

    For the Bush Budget years 2007, 2008 and 2009 the CON$ claim a total deficit of $979 Billion, but for the Pelosi Budget years 2007, 2008, and 2009 the CON$ claim a total deficit of $3.6 Trillion.

    You have to admire the shamelessness of CON$ervative liars!
     
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  7. Meister
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    Meister Platinum Member Supporting Member

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    Isn't that just what the democrats do? What a hypocrite
     
  8. edthecynic
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    edthecynic Censored for Cynicism

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    No.

    As you well know Obama has not put the Bush wars deficit spending, etc., "OFF BUDGET."

    And the Hypocrisy is CON$ not counting Bush's "OFF BUDGET" deficit spending as deficit spending, but counting Bush's "OFF BUDGET" deficit spending as deficit spending when "calculating" Pelosi's deficit spending.

    But thank you for again proving that when CON$ are confronted with their lies they never admit the truth, but instead resort to the first quote in my sig.
     
  9. Jroc
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    Jroc יעקב כהן Supporting Member

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    I hope we can all agree that Bush spent too much money also, but congress writes the budget when Pelosi took over the defect as a percentage of GDP was 1.14% now it is 10.64% here you go genus..

    US Federal Deficit As Percent Of GDP in United States 1900-2010 - Federal State Local
     
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  10. Meister
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    Meister Platinum Member Supporting Member

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    Your so full of bullshit that I just know your eyes are brown. You keep spinning for "Your Team", sonny....you fool no one. Try that Alinsky #11 crap...you sound rediculious. :lol:
     

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