Cause this has to be some major CRACK COCAINE abuse....
At her final press conference as House Speaker, Nancy Pelosi (D-CA) said, "Deficit reduction has been a high priority for us. It is our mantra, pay-as-you-go."
The numbers tell a different story.
When the Pelosi Democrats took control of Congress on January 4, 2007, the national debt stood at $8,670,596,242,973.04. The last day of the 111th Congress and Pelosi's Speakership on December 22, 2010 the national debt was $13,858,529,371,601.09 - a roughly $5.2 trillion increase in just four years. Furthermore, the year over year federal deficit has roughly quadrupled during Pelosi's four years as speaker, from $342 billion in fiscal year 2007 to an estimated $1.6 trillion at the end of fiscal year 2010.
Now, looking at the real clock ....that's $$ 13,945,365,600,435.52 at this typing.
Update: on a similar wavelength, Donny Ferguson has posted the graph of the damage here
On that graph, Donny has penciled in the exact point at which democrats took control of the House and Senate majorities....and the spending took off. What I found more interesting was immediately before that, there was a one-time spike under Bush on the deficit, followed by three years of a steady decline in the deficit....and it almost made it back to a nuetral point when the afore-mentioned democrat takeover occurred-- whereupon it spiked (2008)well past where the Republicans had put it in 2004...
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