Speaker Pelosi Vowed, ‘No New Deficit Spending’

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scottm
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Speaker Pelosi Vowed, ‘No New Deficit Spending’

Post by scottm »

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Debt Has Increased $5 Trillion Since Speaker Pelosi Vowed, ‘No New Deficit Spending’
http://www.cnsnews.com/news/article/deb ... speaker-pe
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."
392heminut
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Joined: Sat Nov 30, 2002 2:16 pm

Re: Speaker Pelosi Vowed, ‘No New Deficit Spending’

Post by 392heminut »

Exactly why we need to 'take out the trash' next Tuesday!
Owner of the Poor Man's Hemi Cuda
polyspheric
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Joined: Wed Apr 09, 2008 1:03 pm

Re: Speaker Pelosi Vowed, ‘No New Deficit Spending’

Post by polyspheric »

Pay as you go, no new deficit spending

That was a teleprompter error/she misspoke/her staff did it.
The actual statement was "Print and borrow money as you go".
mart
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Joined: Tue Mar 22, 2005 2:06 pm

Re: Speaker Pelosi Vowed, ‘No New Deficit Spending’

Post by mart »

Right on! It's about time somebody called a
spade a spade! Everybody knows that the
budget deficit - along with the second worst
recession in U.S. history, the collapse of the
credit and housing markets, the massive trade
deficit with China and de-industrialization,
outsourcing and sending jobs overseas started
entirely with Obama and the that trillions
Bush gave to the Wallstreet gangsters...er..I
mean, bankers, with no strings attached by
the way, under his TARP bailout scam came
entirely from the massive budget surplus his
regime accumulated during his time in
office!!! :D :D

mart
===================
392heminut
Posts: 488
Joined: Sat Nov 30, 2002 2:16 pm

Re: Speaker Pelosi Vowed, ‘No New Deficit Spending’

Post by 392heminut »

Problem is, she didn't get fired, just demoted!
Owner of the Poor Man's Hemi Cuda
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