Video: Pelosi promises “no new deficit spending” in 2007

posted at 11:22 am on October 25, 2010 by Ed Morrissey

CNS News and the Media Research Center climb into the Wayback Machine and travel to January 4, 2007, Nancy Pelosi’s first day as Speaker of the House, to recall this gem of a political promise.  After years of overspending by Republicans, Democrats had run on a platform of fiscal responsibility and taken control of both chambers of Congress in the 2006 midterm elections.  Pelosi started off the 110th Session of Congress by declaring an end to deficit spending:

Yeah … how did that promise work out, anyway?

At the close of business on Jan. 4, 2007, Pelosi’s first day as speaker, the national debt was $8,670,596,242,973.04 (8.67 trillion), according to theBureau of the Public Debt, a division of the U.S. Treasury Department.  At the close of business on Oct. 22, it stood at $13,667,983,325,978.31 (13.67 trillion), an increase of 4,997,387,083,005.27 (or approximately $5 trillion).

Pelosi, the 60th speaker of the U.S. House of Representatives, has added more to the national debt than the first 57 House speakers combined.

The $4.997-trillion increase in the national debt since she took the gavel is more debt than the federal government amassed from the speakership of Rep. Frederick Muhlenberg of Pennsylvania, who became the first speaker of the House on April 1, 1789, to the start of the speakership of Rep. Newt Gingrich of Georgia, the 58th speaker, who took up the gavel on Jan. 4, 1995.

The national debt first topped $5 trillion on Feb. 23, 1996, more than a year into Gingrich’s speakership.

Democrats will often blame this on the continued existence of the Bush tax cuts of 2001 and 2003.  However, the CBO reckons that the federal government will only get $4 trillion over the next ten years if all of the Bush tax cuts expire, as they are set to do on December 31 of this year.  That ten-year revenue (which is itself highly debatable) still wouldn’t have covered all of the deficit spending Democrats did while in control of Congress in just four years.  In fact, at their rate of deficit spending in three budget cycles, Democrats would add almost $15 trillion to the national debt in ten years:

  • Republicans in control for 12 years: Added $4.034 trillion (avg $336.17 billion per year)
  • Republicans in control during Bush era: Added $3.201 trillion (avg $533.5 billion per year)
  • Democrats in control of Congress during Bush/Obama era:  Added $4.603 trillion (avg 1.48 trillion per year)

Democrats did not aim to control spending when they took control of Congress.  They aimed to expand government at a historic rate, and they succeeded beyond even their wildest dreams.  And what happened when Democrats finally got around to passing pay-go, more than three years later?  They made more exceptions to it than bills that actually got the pay-go treatment.

The NRCC should look at this clip and start cutting some last-minute ad drops in close districts.  This is exactly why voters can’t trust Democrats on spending, deficits, and taxes.


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But she was young…and impetuous…and – and -

AubieJon on October 25, 2010 at 11:25 AM

yeah, and Obama is worried about job creation! The only people buying her BS are the phantom 40% that still think Obama is doing a swell job.

search4truth on October 25, 2010 at 11:27 AM

I am so convinced that you could play this clip for this lady on an IMAX screen in full surroundsound, and she would still look at you with a perfectly straight face and say “And your point is…?”

She is THAT FRIGGING ARROGANT!!!!!

pilamaye on October 25, 2010 at 11:27 AM

The dems’ excuse: it is technically not deficit spending, since they have no budget this year.

Vashta.Nerada on October 25, 2010 at 11:28 AM

that’s an increase of 56% in the debt.

ted c on October 25, 2010 at 11:29 AM

And today: Congress Designates National Debt a National Treasure

Mervis Winter on October 25, 2010 at 11:29 AM

I am so convinced that you could play this clip for this lady on an IMAX screen in full surroundsound, and she would still look at you with a perfectly straight face and say “And your point is…?”

She is THAT FRIGGING ARROGANT!!!!!

pilamaye on October 25, 2010 at 11:27 AM

They have made their entire career by lying , why would they stop.

the_nile on October 25, 2010 at 11:29 AM

They made more exceptions to it than bills that actually got the pay-go treatment

Maybe they gave themselves a waiver, like those 30 companies got for Obamacare. If they made enough campaign contributions, then they could forego the pay-go restrictions.

Rules; they’re just made to be broken ya’ know.

ted c on October 25, 2010 at 11:30 AM

I am not sure if I’m typical or not, but the problem with Dems is that nobody trusts their math anymore.

They fudged too much. It’s not an issue of accountability down to the nth degree, like so much political jabs are today.

It’s a matter of general pile-up of mathematical fudging. The Dems simply aren’t trustworthy.

The GOP has a shot, but only that, at regaining trust.

So far, I’m impressed by the teaparty gains, unimpressed by some of big GOP names who still seem to be hoping for a Bush repeat era. Not going to happen, in my opinion.

And Obama is right to be optimistic. The GOP is now on the hot seat.

AnninCA on October 25, 2010 at 11:32 AM

In case you didn’t notice, a major economic happened in the meantime. Perhaps you can forgive Congress for trying to do something.

Kind of like W promised no nation building — until 9/11 happened and he was forced to start nation building in Afghanistan. Does that make him a liar? Does that make him a liar? No.

factoid on October 25, 2010 at 11:34 AM

Just like “PAY-GO”!

Right!!!!

belad on October 25, 2010 at 11:35 AM

factoid on October 25, 2010 at 11:34 AM

How’s that Hopey-Changey thing working out for you, sport?

kingsjester on October 25, 2010 at 11:36 AM

Well at least this wench and her House minions will be turned out.

The Senate is another story……not looking good.

rickyricardo on October 25, 2010 at 11:36 AM

Bwahahahaha! Oh, stop it Pelosi!

Dark-Star on October 25, 2010 at 11:37 AM

She would have said “Read my lips,” but her lips are incapable of moving when she talks, having been Botoxed into permanent paralysis.

Kafir on October 25, 2010 at 11:37 AM

But she was young…and impetuous…and – and -
AubieJon on October 25, 2010 at 11:25 AM

- and – hadn’t yet succumbed to dementia brought on by excessive botox abuse.

ya2daup on October 25, 2010 at 11:38 AM

Calm down, everybody! It’s nothing that unemployment benefits and food stamps can’t solve.

cartooner on October 25, 2010 at 11:41 AM

Well at least this wench and her House minions will be turned out.

The Senate is another story……not looking good.

rickyricardo on October 25, 2010 at 11:36 AM

I agree that some of the races don’t look so good, but who is it that convinced us we were going to win the Senate? Well it came from the MSM. They
started the whole thing. I never believed we were going to take it back but I was pleased that we were going to gain some seats.Now if it’s other than a complete take-over it’s a “failure.” It was their plan all along.

sandee on October 25, 2010 at 11:42 AM

She has had some more work done, I think. I figured her name was out of the news because she is pure poison to Democratic electoral chances, but I also wondered if she was off to the cosmetic surgeon for an update. Looks that way – an eyelift maybe?

Missy on October 25, 2010 at 11:43 AM

“At the close of business on Oct. 22, it stood at $13,667,983,325,978.31 (13.67 trillion)….”

That’s a LOT of Slurpees!

TugboatPhil on October 25, 2010 at 11:46 AM

In case you didn’t notice, a major economic happened in the meantime. Perhaps you can forgive Congress for trying to do something.
factoid on October 25, 2010 at 11:34 AM

If Congress hadn’t ‘done something’ in the first place, we wouldn’t be in this mess. They’ve only made it worse. How about Congress just gets the hell out of our way, DUH!

Kind of like W promised no nation building — until 9/11 happened and he was forced to start nation building in Afghanistan. Does that make him a liar? Does that make him a liar? No.

Does that comment make you a stupid troll? Yep.

fossten on October 25, 2010 at 11:48 AM

Lying female dog

RalphyBoy on October 25, 2010 at 11:50 AM

The NRCC should look at this clip and start cutting some last-minute ad drops in close districts. This is exactly why voters can’t trust Democrats on spending, deficits, and taxes.

Even better if they add a laundry list of wasted porkulus spending to each ad.

Murf76 on October 25, 2010 at 11:54 AM

What a boat load of crap–trite, get applause, kiss bottom, meaningless crap. It takes a lot of chutzpa or dinginess to get up there and lie through your teeth like that…especially when you know she has no intention of honoring it. In that last segment you can almost hear that Rahm is chuckling sneakily and sayin yeah, sure–like that’ll happen.

jeanie on October 25, 2010 at 11:54 AM

factoid on October 25, 2010 at 11:34 AM

Wow, you’re really angry. Can’t wait to see how you handle next Tuesday

Enjoy the ashcan of history, jackwad.

Chuck Schick on October 25, 2010 at 11:58 AM

And Obama is right to be optimistic. The GOP is now on the hot seat.
AnninCA on October 25, 2010 at 11:32 AM

Not really. Pubs will control the House, not the Senate. Even if they capture both chambers, Obama will most likely veto red-meat Republican initiatives. So, when Zero points his crooked finger and says the Pubs are a bunch of do-nothings, the Pubs can point right back and say they tried to do the will of the people, and that the President was an obstructionist. The Republicans will never have a hot seat like the Dims just had. Insurmountable majorities for two years, and they squandered a mountain of goodwill.

joejm65 on October 25, 2010 at 11:58 AM

Alex, I’ll take media clips you will never see for two hundred.

NeoKong on October 25, 2010 at 12:04 PM

PELOSI pay as you go, no new deficit spending = triple the national debt within 18 months.

Obama couldn’t have spent more in less than 2 years than the cumulative spending from George Washington to Ronald Reagan unless CONGRESS made it happen.

And the disgusting thing is that VOTERS need not be citizens, and in reality need not be legal residents in the US given bribes to register in the Democrat Party.

Portland residents will vote Nov. 2 on a proposal to give legal residents who are not U.S. citizens the right to vote in local elections, joining places like San Francisco and Chicago that have already loosened the rules or are considering it.

The VOTE can’t cure government corruption when the VOTE is corrupted. It matters that no state allow non-citizens to vote, regardless of the regional level or party affiliation. It’s as if progressive Marxists think they have a constitutional amendment of their own that grants the vote to non-US-citizens.

maverick muse on October 25, 2010 at 12:05 PM

@factoid on October 25, 2010 at 11:34 AM

Perhaps you can forgive Congress for trying to do something.

If the fire department stupidly throws gasoline on the house fire instead of water, should they be forgiven for trying to do something?

albill on October 25, 2010 at 12:12 PM

Can we get any cash for that clunker?

Shy Guy on October 25, 2010 at 12:21 PM

The private sector is generally more incompetent than the public sector.

crr6 on June 12, 2010 at 12:08 PM

Del Dolemonte on October 25, 2010 at 12:28 PM

That’s a LOT of Slurpees!

TugboatPhil on October 25, 2010 at 11:46 AM

how many dimes of those tax increases that won’t be more than one dime will be needed to pay off that amount??? Obama promised that our taxes won’t be going up..”not one dime”…so, they’re either going up by $0.09, or by a wholelotta dimes…

ted c on October 25, 2010 at 12:33 PM

Priceless!

mankai on October 25, 2010 at 12:38 PM

the CBO reckons that the federal government will only get $4 trillion over the next ten years if all of the Bush tax cuts expire…

And the Bush tax cuts led to increases in revenue. Stop with the static analysis on the ASSUMED tax revenues if they expire nonsense.

mankai on October 25, 2010 at 12:40 PM

the CBO reckons that the federal government will only get $4 trillion over the next ten years if all of the Bush tax cuts expire…

Like the measly billion California will get by legalizing pot,too little too late and at the expense of our children.

The Expert Knows
http://theexpertsblog.blogspot.com

HotAirExpert on October 25, 2010 at 1:01 PM

In other words, Dems started to spend us out of a recession ,a year before it happened? Something smells fishy here, and it’s not the fish.

I also have to add…having had a recent birthday, and being totally resentful of growing another year older, lol I may be a tad spiteful when I say this….but is it just me, or has Nancy really aged over 3 years???

capejasmine on October 25, 2010 at 1:03 PM

PELOSI PROGRESSIVES TO THE SERFS:It’s okay peoples just welax and go back to your soccer games and PTA meetings and weekends at the lakes and beaches and birthday parties. We’ll take care of the Republic Democracy you just go back to Mayberry and leaves it to us.

After all we’ve got Jesus in the White House.

PappyD61 on October 25, 2010 at 1:05 PM

NeoKong on October 25, 2010 at 12:04 PM

I’m going to have to change my shirt on account of the coffee I snorted all over myself. Thanks!

LMAO!

belad on October 25, 2010 at 1:17 PM

Like the measly billion California will get by legalizing pot,too little too late and at the expense of our children everyone.

HotAirExpert on October 25, 2010 at 1:01 PM

I’d be surprised if they get that much!

Dark-Star on October 25, 2010 at 1:31 PM

Man she looks like she has a completely different face. That was only three years ago.

Was that Rahm in the lower front left leading a standing O? Those porkers had a hard time getting out of their chairs

“…Our New America will provide unlimited opportunities to future generations and not burden them with a mountain to debt”

Yeah, for the Chinese

entagor on October 25, 2010 at 3:52 PM

And Obama is right to be optimistic. The GOP is now on the hot seat.

AnninCA on October 25, 2010 at 11:32 AM

Obama is attempting to hang blame for his stupid ideas on the conservatives, as he has failed to do since taking office. Losing control of Congress, to him, is an acceptable price.

Narcicist.

BobMbx on October 25, 2010 at 5:15 PM

The operative word was new deficit spending. That means they can continue to spend at the current rate as long as they don’t add anything new.

chemman on October 25, 2010 at 6:43 PM

Liar Liar pants on fire.

tx2654 on October 26, 2010 at 11:23 AM