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Sunday, January 9, 2011
CNS' Jeffrey Baselessly Blames Pelosi for Additions to Debt

Terry Jeffrey writes in a Jan. 6 "news" article:

In the 1,461 days that Rep. Nancy Pelosi (D.-Calif.) served as speaker of the House, the national debt increased by a total of $5.343 trillion ($5,343,452,800,321.37) or $3.66 billion per day ($3.657,394,113.84), according to official debt numbers published by the U.S. Treasury.

Pelosi was the 52nd speaker of the House. During her tenure, she amassed more debt than the first 49 speakers combined.

Of course, Pelosi alone didn't "amass" that debt by herself, as Jeffrey wants you to think. Indeed, a significant portion of that debt is due to spending begun under the Bush administration -- tax cuts, wars, financial bailouts -- and much of the rest can be attributed to a reduction in tax receipts due to the recession.

Jeffrey also seems to have forgotten that in two of the four years that Pelosi served as speaker, a Republican was president, who could have vetoed deficit spending but did not.

In all, this is nothing more than a cheap shot by Jeffrey masquerading as "news."

Posted by Terry K. at 12:01 AM EST

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