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Monday, January 16, 2017

Pelosi blames Bush for trillions of debt amassed during Obama tenure

House Minority Leader Nancy Pelosi has a theory on who should shoulder the blame for over $9 trillion in debt the nation has amassed over the last eight years: former President George W. Bush.

Social Security, Medicare, and ballooning costs for unfunded federal mandates were not singled out on Friday by Mrs. Pelosi during a press conference as the prime drivers of U.S. debt. Instead, the California Democrat said Mr. Bush was culpable for debt incurred during President Obama’s time in the White House.

“When President Obama stood on the steps on the Capitol eight years from next week, the [budget] deficit was $1.4 trillion — one year deficit,” Mrs. Pelosi said, the Washington Examiner reported. “It’s reduced by 70 percent in his administration. Much of the increase in the national debt that has occurred from this time still springs from two unpaid-for wars, cost that we owe our veterans following that, giveaways that they gave to the pharmaceutical industry, and the high-end tax cuts that have carried forward without any job production. Absent the work of President Obama, this national debt would be even higher.”

Mrs. Pelosi also blamed Republicans under Mr. Bush for abandoning a pay-as-you-go (PAYGO) law that theoretically saved the federal government one dollar for every dollar spent.

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9 comments:

Anonymous said...

Not only drain the swamp. Build an asylum for Nancy and friends.

Anonymous said...

Do you ever see videos of Pelosi talking?

She has weird twitches. I think see is completely loony

Anonymous said...

So nice democrats retained the old guard because they will surely be voted out soon.

Anonymous said...

I'm sure that the failures of the affordable care act are Bush's fault also.

Anonymous said...

So let me see if I understand this correctly
Now that oboma's are done then everything that was done wrong is still bush's fault
Got it

Anonymous said...

Take a look at this old woman. Reminds me of the old fat one that just got slaughtered by Trump. Do you think some of the drugs they enjoyed in the 60's are just now kicking in. I'm not making fun of their appearance, just wish they would stay out of view.

Anonymous said...

Nancy was there the whole time, right?

Anonymous said...

Pelosi time to goooooo away !!! You too old now ........

Anonymous said...

Just list what's not his fault.