Debt Has Increased $5 Trillion Since Speaker Pelosi Vowed, "No New Deficit Spending"

CNS ^ | October 25, 2010 | Terence P. Jeffrey

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(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.

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Breaking America news.

[combat_boots]

Yes we can!

[unspun]

on the:

Failed State Strategy

The ultimate coup, word not used loosely.

[Tzimisce]

Bush’s fault!

[missnry]

[griswold3]

The House has budgetary responsibilities. Not the President.

[unspun]

[utherdoul]

Well the solution is easy. Introduce a new dollar backed by a basket of commodities. Pay back bonds loaned to foreign banks in old dollars. If the old dollars value is a fraction of the new dollars well .... whenever you invest you take a risk.

[RobRoy]

>>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.<<

That is because we are in the 29th day:

http://29thday.org/

Hope you have plenty of lead handy. And seed. And water.

[mojitojoe]

MMMM MMMM MMMM Barack Hussein Obama.

[rcrngroup]

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.

Another shameful legacy of the socialist-marxist-fascist demoRATs & their commie pig-in-chief 0b0z0!

Socialism doesn't work, has never worked, and will never work in the future. As Margaret Thatcher said (paraphrased version), "under socialism, eventually you run out of other people's money".

[Arthur Wildfire! March]

Bump!

Memo To Nancy Pelosi From Cindy Sheehan (Cindy endorses Republican opponent)
http://www.freerepublic.com/focus/f-news/2613467/posts

It’s Looking Like Speaker or Nothing for Pelosi [Might retire]
http://www.freerepublic.com/focus/f-news/2615940/posts