Pelosi: ‘When There’s a Democratic President, the Deficit Goes Down’

Cybercast News Service ^ | May 24, 2018 | 12:51 PM EDT | CNSNews.com Staff

[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. …

[chiller]

So host Cuomo let that go unchallenged ? surprise

[napscoordinator]

She’s talking annual deficits. Instead of a billion, they spend 999 million. See lower deficits. That may be true but over all national debt is both parties fault starting with Reagan to trump.

[Maverick68]

Is it wrong of me to hope that she and McCain take that “dark walk” at the same time and soon?
Yes, it is wrong, but I am human....forgive me.....

[BluH2o]

Another steaming pile of liberal BS.
Under Obama the national debt increased from some $9.6 trillion, when he took office in '09, to nearly $20 trillion when he left office eight years later.
This nation was saddled by more debt during his watch than by all of his predecessors combined.

[willyd]

Nancy Pelosi thinks Presidents spend money... my eighth grade Government teacher thinks Congress has the purse strings. I wonder who is right?

[Telepathic Intruder]

Pelosi isn’t qualified to teach an 8th grade class about government.

[kjam22]

What is sad is that this face stretched fruitcake really really believes this is true. She is that succumbed to dementia.

[Olog-hai]

Dementia would manifest itself physically as well as mentally. This is just evil on her part.

Remember her promise of having the “most open Congress in history” eleven years ago too?

[BradyLS]

Nancy, we already know you’re a pod-person. You’re still dangerous to humans. But you’re almost funny in spite of that.