- Oct 24, 2010
- Reaction score
- Political Leaning
Debt Has Increased $5 Trillion Since Speaker Pelosi Vowed,Debt Has Increased $5 Trillion Since Speaker Pelosi Vowed, ‘No New Deficit Spending’
Monday, October 25, 2010
By Terence P. Jeffrey
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.
Once again we see what liars these democrats are when they open their mouths.
I wonder what ever happened to the Pelosi quote "Most Ethical and Honest Congress in History"?
Read more: Pelosi Says She's Running Most Ethical Congress Ever, Media Mum | NewsBusters.orgAs of early January, "the most ethical Congress ever" hadn't punished a single congressman for ethics violations. Not one, despite the many, many imbroglios in which, to take a not-so-random example, Pelosi crony Jack Murtha was involved. In fact, seven more congressmen were exonerated of ethics charges just today despite their ties to the PMA lobbying group.
House Speaker Nancy Pelosi (D-Calif.) insisted on Friday that she is running the most ethical and honest Congress in history. At the same time, however, she indicated she will not ask House Ways and Means Chairman Charles Rangel (D.-N.Y.) to resign his chairmanship-at least for now. Democrook Charlie Rangel was found guilty of ethics violations yesterday. But, at least he wasn't caught stashing $90,000 of cold hard cash in his freezer like crooked democrat William Jefferson who was recently sent to the slammer for 13 years.
Read more: Pelosi Says She's Running Most Ethical Congress Ever, Media Mum | NewsBusters.org