Posted on 01/13/2017 10:08:24 PM PST by Olog-hai
House Minority Leader Nancy Pelosi (D-Calif.) said on Friday that were it not for "the work" of President Barack Obama, the federal debt would have increased even more than the $9 trillion that it has increased over the eight years of his presidency.
“Absent the work of President Obama this national debt would be even higher,” Pelosi said at her weekly briefing with reporters at the Capitol when asked about the increase in the federal budget under Obama. […]
“As I’ve said over and over again: Show me your budget, show me your values,” Pelosi said. “And we see today on the reconciliation a clue. We haven’t seen the full budget because that will come later.”
“When (Obama) stood on the steps of the Capitol eight years from next week the deficit was $1.4 trillion—one-year deficit,” Pelosi said. “It’s reduced by 70 percent in his administration.” […]
“[Clinton] had us on a path of $5.4 trillion in debt reduction,” Pelosi said. “Not deficit, debt reduction—as opposed to an annual deficit—the debt reduction. President Bush came to office, he reversed all of that. …
(Excerpt) Read more at cnsnews.com ...
The joke is they think they’re glad too, in spite of how it cost them in 2010, 2014 and 2016.
This is the same dipshiite that claimed unemployment was good for the economy because people got unemployment insurance and it helped keep the economy moving.
As usual the LIBs get part of it slanted correctly because yes the Unemployment money does get put back into the economy BUT they neglect to mention that the money that is getting put back in was paid for by US
I would sure like to see Trump start investigations how pols mates have benefited over the years because of insider info + straight out bribes and threats.
It will definitely take a NON POL, successful person AND his cabinet is full of people who don’t need to run around with their hand out to fatten their own pockets.
I am sure glad the MSM ran with Trumps ‘quotes’ etc saying he felt bad that people actually thought he was ‘dumb’ enough to ‘perform’ in a Moscow hotel, knowing that the rooms are most certainly bugged and on tape.
Dems don’t realize it, but we’re fully backing their refusal to budge on their socialist, envirowacko, LGBTQXZ agenda.
They keep doing the same things, and gosh darn it, they’re gonna get different results!
Look the debt is now 20 trillion.
20 trillion. Half of that, was just during the Obama years.
Obama has been a disaster for America.
Trump has come to office, just in the nick of time.
Oh yeah, Obama is a fiscal hawk. Oh yes he is.
It is higher. Probably in excess of $100 trillion in unfunded liabilities.
And then there’s the problem with derivatives. Last count at $247 trillion FWICS. (Or $1.5 quadrillion, depending on the site talking about it.)
Nazi Peloser...quite a piece of work...
The ruling class sure did give us a nice parting gift, didn’t they ?
Right on.
The price tag for the Wall Street bailout is popularly put at $700 billion—---the actual size of TARP--the Troubled Assets Relief Program.
But TARP is just the best known program in an array of more than 30 overseen by Treasury Department and Federal Reserve that have paid out or put aside untraceable money to bail out financial firms and inject money into the markets.
PAUSE TO REFLECT First-term Obama had tight control of the US Treasury; Obama calculatedly placed his then-COS Rahm Emanuel in a dual role.......in the WH and at Treasury. Obama had a stranglehold on Treasury via COS Rahm Emanuel's dual role.
To get a sense of the size of the real $14 trillion bailout, see MJ chart at web site. A guide to the pieces of the puzzle includes massive untraceable Treasury Department bailout programs.
Money Market Mutual Fund: In September 2008, the Treasury controlled by Obama/Emanuel announced that it would insure the holdings of publicly offered money market mutual funds. According to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), these guarantees could have potentially cost the federal government more than $3 trillion [PDF].
Public-Private Investment Fund: This joint Treasury-Federal Reserve program bought toxic assets from banks and brokerages—as much as $5 billion of assets per firm. According to SIGTARP, the government's potential exposure from the PPIF is between $500 million and $1 trillion [PDF].
TARP: As part of the Troubled Asset Relief Program, the Treasury controlled by Obama/Emanuel made loans to or investments more than 750 banks and financial institutions. $650 billion has been paid out (not including HAMP; see below). As of December 21, 2009, $117.5 billion of that has been repaid.
Government-sponsored enterprise (GSE) stock purchase: The Treasury controlled by Obama/Emanuel bought $200 million in preferred stock from Fannie Mae and another $200 million from Freddie Mac [PDF] to show that they "will remain viable entities critical to the functioning of the housing and mortgage markets."
GSE mortgage-backed securities purchase: Under the Housing and Economic Recovery Act of 2008, the Treasury controlled by Obama/Emanuel may buy mortgage-backed securities from Fannie Mae and Freddie Mac. According to SIGTARP, these purchases could cost as much as $314 billion ---SNIP---.
LONG READ---go to web site to read more and checkout the shocking financial charts.
SOURCE http://motherjones.com/politics/2009/12/behind-real-size-bailout
The geriatric Valley Girl speaks again. The real question is whether Pelosi has ever said anything remotely intelligent in her entire life.
Mmmmm....Pelosi’s suck-up is such an inspiration (Barf).
I can hear Valerie typing.......composing yet another donation letter for Obamas get-rich-quick foundations.
https://www.fms.treas.gov/dts/index.html
Real numbers here.
It’s ugly.
I suppose if they keep repeating the lie someone will believe it.
We haven’t had a budget for ten years.
Just continuing resolutions.
Nancy Pelosi always plays fast and loose with the truth.
Nancy Pelosi, financial wizard. Notice how no other dim Dem comes to her defense. Where is Steny Hoyer? Maxine Waters?
She’s mental
Two possibilities...either her constituents are as stupid as her, or they keep electing her to keep her away.
My ex-Mother-in-Law is a constituent, so it could go either way.
She is bat shit crazy. Stevie Winder could see that.
You know, I hate to keep commenting on Pelosi every time she says something stupid, but she keeps saying something stupid. Gotta wonder if she’s all there.
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