Pelosi: ‘Given His Dismal Record, * in No Position to Lecture Congress About Fiscal Responsibility’

[babylonsister]

Pelosi: ‘Given His Dismal Record, President Bush in No Position to Lecture Congress About Fiscal Responsibility’
November 13th, 2007 by Office of the Speaker

Washington, D.C. – Speaker Nancy Pelosi released the following statement today in response to a speech in Indiana this afternoon by President Bush in which he compared Congress to “a teenager with a new credit card.” Below the Speaker’s statement is a fact sheet comparing the President and Congress’ fiscal records.

“If President Bush applied for a credit card, any bank in America would turn him down as a bad credit risk. He has put more foreign debt on the nation’s credit card than all previous Presidents combined — saddling our children and grandchildren with $3.3 trillion in new debt.

“At the same time, President Bush has compiled one of the worst records of job creation since the Great Depression while American families saw their incomes drop by $2,500.

“Given his dismal record of maxing out America’s credit card, the President is no position to lecture Congress about fiscal responsibility or economic policy.

“The New Direction Congress’ new investments in college affordability, energy independence, children’s health care, and tax cuts for middle-class families are fully paid for — with no new deficit spending. The American people want President Bush to work with Congress to restore the American Dream.”

more...

http://www.speaker.gov/blog/?p=937

[VP505]

1. Nancy,

your right, Bu$h should be working with the Congress, and the Congress should be working with "we the people" to get his dumb ass out of there before he COMPLETELY bankrupts the country.

[LakeSamish706]

2. I think that 3.3 Trillion is way low to what the true figure is.. ie: 4.2 would...

probably be more accurate... If Bill Clinton left with a 5.6 Trillion debt and it is now reported that the debt is around 9.8 trillion... hmmmm Interesting and damn sad...

[JTFrog]

4. Are you talking budget or trade?

Clinton left the budget in surplus...

*edit - nm, I see what you are saying.

The federal government was still in debt when Clinton left office. However, the federal budget SURPLUS for fiscal year 1999 was $122.7 billion, and $69.2 billion for fiscal year 1998. Those back-to-back SURPLUSES, the first since 1957, allowed the Treasury to pay down $138 billion in national debt. The federal budget SURPLUS for fiscal year 2000 amounted to at least $230 billion, making it the LARGEST in U.S. history. Since W took office, the national debt has INCREASED from 5 Trillion dollars to 9 Trillion dollars. EVERY fiscal year under W has had a budget DEFICIT.

[TahitiNut]

5. Here ...

[Bitwit1234]

3. The thing is the Democrats make statements and proving bush is wrong

but the press never picks it up...you hear bush spewing shit but when it is disputed they never print it.

[old guy]

6. Thanks for pointing this out.

It has been a pet peeve of mine forever.

[Raffi Ella]

7. K&R

She nailed him,good for her.Now,like someone else pointed out in here,if MSM would just cover it.

[HiFructosePronSyrup]

8. Breaking: Pelosi forces herself to apologize.

Washington- Nancy Pelosi was forced today by Nancy Pelosi to retract her comments that could be construed as critical of the President...