Debt Has Increased $5 Trillion Since Speaker Pelosi Vowed, ‘No New Deficit Spending’

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.”

Pelosi has served as speaker in the 110th and 111th Congresses.

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 the Bureau 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.

Read More: By Terence P. Jeffrey, CNS News

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Comments

  1. Gerald Sills says:

    Only the Democrats, "Liberals", Progressives, and other mentally deficient people would ever believe what that ugly, rat faced, political whore has to say. When Democrats speak, and I refer to those who came to power after John Kennedy, they are voicing lies and deceit, and treachery to the American people. If their followers choose to live in a sound proof room, so be it, but don't ever assume we Patriot Americans will accept living in slavery as the Democrats choose to do. We are not children, and refuse to be treated as such. When the Democrats grow into adulthood, they will realize their childishness, however they may never get the time needed to grow, for their world is about to collapse, and it will be horrible for us all. Communism does not work, and has failed at every juncture. FDR brought their system of control to the United States, and now we suffer under it's destructive course.

    • Victor Barney says:

      Gerald, great post, but Teddy Roosevelt was the first Marxist, followed by Wilson, or vice versa! Nonetheless, we're in bigger trouble than you can ever imagine! Watch! P.S. We are Israel by the seed of Joseph, not Judah, only promised grace, not race(Gen. 48:16), but our women have put in the Anti-Messiah(Marxism is by definition) and forbidden foreigner(Deut.17:15) of Revelation, Chapter 11 and only 144,000 from the tribe of Israel will survive, excluding only the tribe of Dan(Irish)! Watch! P.S. Being politically correct? Remember Eve? Oh, only "Hebrew" is the inspired language, not Greek, Latin, or even English(Zeph. 3:9 & Acts 26:14).

  2. Victor Barney says:

    Stupid Americans! Look up "Marxism" and you'll find that they first crash the economy. Second, they blame a section of society, in this case "white men," and "holcaust" them! America that is the "fundamental transformation of government" promised that you voted for through your on average superior verbally comprehensive women! Remember Eve? Watch! You ain't seen anything, yet!

  3. The surprising fact here is that Nancy Pelosi doesn't realize this. She actually thinks that Americans will one day think that she should be granted saint-hood for her marvelous work.

    Please don't forget that this was supposed to be the best Democrat that they had in Congress. The Democrats elected her to this position because she was supposed to be the best.

    Yep, you are looking at it the cream of the crop among Democrats.

  4. Victor Barney says:

    Marxism, or the "fundamental transformation of government" into Marxism that our women voted for to rule over us! Did I also say the forbidden foreigner of Deut. 17:15?
    First, Marxism crashes the economy, blames a targeted cause(white men in this case) and holocausts them! By the way, we are actually Israel by the seed of Joseph, given the name Israel, not Judah(Gen.48:16)! Remember Eve?
    P.S., Read about Bill Ayers, recently retired out of Chicago. He was of the weathermen terrorist movement in the late 60's with the plan to rule whites through the UN and a Black President that Charles Manson took off on in California! Remember him? Watch what happens next, expecially after the vote in November! Then, you'll learn what the Supreme court is all about to Marxists! Watch!

  5. Why the hell aren't we seeing this plastered all over out TV screens? If this doesn't tell the American people what a fraud these "tell them anything then do what they want" democratic government really is, then nothing will. RNC – pull your heads out of your a#$es and get this circulated!!!!

  6. And "Americans will lose 500 million jobs a month if we don't pass the Economy Recovery Package"!

  7. Carol Gerber says:

    The Spin Goes On, Nancy Pelosi, Harry Reid And Dumbocare Himself, No New Deficit Spending, Yikees, Hot Air Keeps Coming Out Of The White House From The Three Stooges, Maybe They Are Only Joking $5 Trillion Dollars Later, Yikees, Watch Out Libs The Obamajihad Bus Owned And Operated By George Soros Is Fully Loaded And Heading For That Cliff Nov 2, Yippee.

  8. Gary in Colo says:
  9. Carol Gerber says:

    Have You Ever Seen A Colored Man With Unlimited Money?? Hence We Have The Manchurian Pres Obama Who Is Spending Tax Payers Money Faster Than They Can Print-It, Yikeess It Is Called Black-Man Rich, Yikees, Or Spending Money Like A Drunk Sailor. In 2 Yrs $5 Trillion Dollars, Yikes That Is A Disgrace, Plus Cut Up Those Chinese Credit Cards And Stay Home, Buckwheat No More Tax Payers Trips. Impeach The Complete Group Going To India, Yippee.

  10. Actually she is as bad if not worse as the great lying Impostor.Her actions dishonor our Country!!

  11. Hot Cougar / Alexia says:

    Simple! They all lied! Pelosi lied! Reid lied! Obama Lied! & the Democrats lied!

    Priceless? I don't think so!

  12. ReddFrogg says:

    When I tally it up, it is clear that Obama, Pelosi and Reid are liars extraordinaire of the highest caliber! 100% of everything that they have ever uttered has been the total opposite of the truth! I can't believe that around 33% still favor these charlatans! Just goes to show that in any population, there will always be those who are mentally deficient.

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