Posted on 05/24/2018 9:16:52 PM PDT by Olog-hai
House Minority Leader Nancy Pelosi said during a “town hall meeting” on CNN on Wednesday night that when there is a Democratic president the federal deficit goes down.
“It’s counterintuitive in people’s minds that the Democrats are the deficit reduction folks,” said Pelosi. “But the fact is, you look, when there’s a Democratic president, that the deficit goes down, when the Republicans are in power, they give tax cuts at the high end, all kinds of other things, and the deficit, the debt, the national debt goes up.”
The historical data published by the White House Office of Management and Budget indicates that the three highest annual deficits in the years after World War II (measured as a percentage of GDP) were during the Obama administration.
In fiscal 2010, the federal deficit was 9.8 percent of GDP; in 2011, it was 8.7 percent; and in 2012, it was 8.5 percent.
In fiscal 2017, it was 3.5 percent. …
(Excerpt) Read more at cnsnews.com ...
It’s Ok, Nancy’s always used “progressive” math.
Delusional...
Let's see what happens under President Trump.
Nancy is getting senile, but then again, she been senile since day 1.
There is still a deficit and taxes go up, but it is so hard to spend all of your money when we take so much of it.
Botox poster child
I believe that she completely understands how stupid her audience is.
The old bat is in desperate need of an intervention. Where is her family?
While that may be true, I do want her in front of the camera spouting this kind of nonsense EVERY DAY. The MSM continues to be clueless that her every statement wakes more people up to the destruction caused by the democrats.
Forgot the whole Obama administration I guess.
6 of Obama's 8 years were with a very compliant GOP Congress. San Fran Nan is lying, of course... but let us not pretend that Republican Congresscritters and/or the RNC automatically want to shrink the debt or the deficit. They lie to us just as much a Nancy does, especially on this particular topic. They're just as addicted to getting re-elected by playing Santa Claus with other people's money as the worst of the Democrats.
From the party that has taken more money out of one government fund to put into another fund. Robbing Peter to pay Paul is they way of bring down debt.
And when the Dems own congress, it goes up.
Pelosi’s convenient memory lapse aside, the disturbing thing about the graph that accompanied the article is the fact that despite the fact that the economy is in the best shape it’s been in a decade, despite unemployment rates being at historic lows, and despite the fact that corporate profits are literally the best they have ever been, the deficit is going up. During an economy like this the deficit should be going down if not running a surplus. If the deficit is rising during times like this what will happen during the next economic downturn?
Just another entry in the book “Stupid Things Nancy Pelosi Has Said.”
SSSSHHHH!
Keep talking Nancy! You go girl!
She is the Blue Wave killer.
Just like her home state of CA.
She must’ve smoked meth.
“It’s sad to see dementia take hold.”
That piled on top of a snotty hag is not a pretty picture.
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