Nancy Pelosi In 2007: “No New Deficit Spending”
Just so it’s clear that it isn’t just Republicans who are hypocritical when they talk about fiscal responsibility, I give you the words of Nancy Pelosi on January 4, 2007, her first day as Speaker of the House:
“After years of historic deficits, this 110th Congress will commit itself to a higher standard: Pay as you go, no new deficit spending,” she said in an address from the speaker’s podium. “Our new America will provide unlimited opportunity for future generations, not burden them with mountains of debt.”
According to the United States Treasury, the National Debt on that day was $8,670,596,242,973.04. As of December 24th, it was %|$13,866,145,290,604.69. That’s $5,195,549,047,631.65 in new deficit spending in over just under four years.
Promise kept? Not so much.