But you know Nancy Pelosi did not go quietly into that good night, oh, no. She could not just leave the stage gracefully. Rather, she unloaded this piece of fabrication about the work of the House under her leadership before she left:
Say what? We have gone over the $14 TRILLION dollar mark under the complete and total leadership of the Democratic Party, and she is claiming that "Pay as you go" was their mantra? Maybe "Pay as yourselves and your cronies as you go out the door," but as this Fox News article highlights, she is full of hooey:
[snip] When the Pelosi Democrats took control of Congress on January 4, 2007, the national debt stood at $8,670,596,242,973.04. The last day of the 111th Congress and Pelosi's Speakership on December 22, 2010 the national debt was $13,858,529,371,601.09 - a roughly $5.2 trillion increase in just four years. Furthermore, the year over year federal deficit has roughly quadrupled during Pelosi's four years as speaker, from $342 billion in fiscal year 2007 to an estimated $1.6 trillion at the end of fiscal year 2010.
Uh, yeah. Nice attempt at revisionist history there, Nancy, already trying to blame the Republicans for what you and your party did all by their own selves (as we say down South).
But wait, there's more revisionist history for you ahead. You know how All Of Obama's Men are talking about the necessity of raising the debt ceiling, to not do so, in Austan Goolsbee's words would be "insanity" and "catastrophic"?? See for yourself here:
Yes, it would be "catastrophic," sheer "insanity," complete folly!!!
Want to guess who was agin' raising the debt ceiling before he was for it? One guess and you got it - yes, Senator Barack Obama:
[snip]“The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the U.S. Government can't pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. … Increasing America's debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”ii [snip] (Click HERE to read the rest.)
I couldn't agree more with then-Senator Barack Obama - America DOES deserve better.
Yes, it's a big day as power shifts back to a two-party system, without Speaker Pelosi at the helm. Feel free to discuss your observations on this shift, what you hope to see accomplished with the 112th Congress, or anything else that's on your mind today.