Pelosi: Hey, we were all about deficit reduction!
posted at 10:26 am on January 5, 2011 by Ed Morrissey
When a leader leaves an organization, or at least leadership of it, one expects a rather rosy take on the leader’s stewardship of it. But come on:
Deficit reduction has been a high priority for us. It is our mantra, pay-as-you-go.
Fox makes sure everyone understands the context:
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.
And that doesn’t actually tell the whole story, either. The last budget passed by a Republican Congress spent a total of $2.77 trillion, with a deficit just under $200 billion. Democrats took that in FY2010 — their last actual full-year budget — to over $3.8 trillion, an increase of 38% in just three budget cycles. And when the Democrats finally got around to passing pay-go in their fourth and final year in control of the House, they ended up waiving it in almost every instance afterward.
Pelsoi is ending her tenure on the same sad and dishonest way it began.