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

[Devils Horse]

"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."

At the close of business on Jan. 4, 2007, Nancy 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, 2010 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, added more to the national debt than the first 57 House speakers combined.

Full story at:
http://cnsnews.com/news/article/debt...ficit-spending

[Tyme2fish]

Now is the time for HOPE and CHANGE.

[DJD]

As much as I dislike this woman I dislike her profession even more. I'm also sick and tired of people trying to justify all this crap. It's simple stop spending more money than we have and stop wasting money on crap.

[SLP]

At one point in time I think many in government often spent money because they believed in the "cause". Now sadly it seems like many just spend money for favors and for political popularity in hopes of gaining votes from large groups of people.

I hope I am wrong, but sadly I don't see an end in site until the bottom falls out and cuts are then made because we are broke rather then going broke. Clearly going broke doesn't seem to register with most politicians.

[SLP]

TYPO: site should read sight