They Just Don’t Get It: As Pelosi Vows No More Spending Cuts, Time For Real Talk On Dems’ Failure On Debt
September 25, 2013
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This week Washington Democrats proved they are simply in denial over our country’s spending problem.
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Nancy Pelosi has not only vowed to prevent cuts, she’s actually called for more spending and to raise the debt ceiling without any meaningful reforms.
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Under President Obama and Washington Democrats, our debt has skyrocketed by over $6 trillion, including 4 trillion-dollar budget deficits.
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Democrats have already burdened the next generation with unthinkable debt—and they have no intention of stopping. The time is now for real reform that will set our nation on a more sustainable fiscal path.
Our National Debt Has Increased $6.1 Trillion Since President Obama Took Office. (Debt To The Penny, Treasury Direct, Accessed 9/24/13)
The United States Owes China $1.2 Trillion In Debt, Up Over $500 Billion Since Obama Took Office. (U.S. Treasury, Accessed 9/24/13; U.S. Treasury, Accessed 9/24/13)
Under President Obama, There Have Been Four Trillion-Dollar Budget Deficits. (Historical Tables, Office Of Management And Budget, Accessed On 9/24/13)
Five Of President Obama’s Budgets Have Each Totaled $3 Trillion. (Historical Tables, Office Of Management And Budget, Accessed On 9/24/13)