The end of an era

An examination into the tenure of Nancy Pelosi as Speaker of the House

Now that Nancy Pelosi has been removed from the post of Speaker of the House, I will be reviewing some of the key elements of her inaugural address and comparing that to what actually happened.  Actions speak louder than words and by her actions we know a lot more about the agenda of the radical left.  We also know by these actions that we cannot take the left at face value, believing what they say to be the truth.

[ Read the full text of Nancy Pelosi’s Inaugural Address as Speaker ]

In this first installment, I want to focus on debt and spending.  To quote Madame Speaker in her own words from her inaugural address,

After years of historic deficits, this 110th Congress will commit itself to a higher standard: pay-as-you-go, no new deficit spending. Our new America will provide unlimited opportunity for future generations, not burden them with mountains of debt.

– Nancy Pelosi, January 5, 2007.

After making that speech to open her tenure as the first woman Speaker of the House, Nancy Pelosi presided over two Congresses, the 110th and 111th.

Janury 5, 2007 – The day that Pelosi took the Speaker’s Gavel and made the promise of no new deficit spending, the U.S. national debt stood at $8,673,152,446,066.83.  To save you counting the commas, that is $8.7 trillion (with a “T”).

By the end of the 110th Congress, the debt stood at $10,627,961,295,930.67 – $10.6 trillion, an addition of $1.9 trillion.  If that doesn’t seem like “pay-as-you-go, no new deficit spending,” just wait until the 111th Congress, when the Democrats had not only both houses of congress, but also the presidency.

On January 4, 2011 when Pelosi passed the Speaker’s Gavel to John Boehner, the national debt had risen to $14,014,049,043,294.41 – over $14 trillion.  That’s an additional $3.4 trillion under Democrat presidential leadership and more than $5.3 trillion since Nancy Pelosi made her promise of no new deficit spending. Consider that Newt Gingrich and Nancy Pelosi served the same number of days as Speaker of the House – 1,461 days, yet under Gingrich’s leadership,  $812.4 billion in new debt was added.  That’s a rounding error in comparison to Pelosi’s spending spree.

It took from the inception of this nation until February 26, 1997 to amass our first $5.3 trillion in debt.  Nancy Pelosi was able to do it in just four years.

[ Get debt numbers directly from the Treasury ]

Update: I simply can’t believe this… apparently at her final press conference, Pelosi said, “Deficit reduction has been a high priority for us. It is our mantra, pay-as-you-go.” – Fox Nation | Michelle Malkin