Monday, October 25, 2010

Debt Has Increased $5 Trillion

... Since Speaker Pelosi Vowed,
‘No New Deficit Spending’

by Terence P. Jeffrey - October 25th, 2010 - CNS News

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."

It is clear that Nancy Pelosi means nothing that she says. She merely says what she thinks will sound good at the time. Not unlike the Democrat elected as President, Barack Obama. Both are smooth talkers who lie with a fluency rarely matched in public life. Actually, when I think about it, they lie more than any two people I have ever heard.


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