When Pelosi became speaker in January 2007, the annual budget deficit was $160 billion. When she finishes her term in January, this year's deficit will be more than $1.5 trillion.
The trillion-dollar health care bill was drafted in her House. The $800 billion stimulus bill was drafted in her House by her committee chairmen. And who knows what we got this week with the passage of a 2,300-page-plus bill. The Frank-Dodd regulatory reform bill signed Wednesday adds hundreds of regulations, creates government agencies and will put the federal government in every financial transaction that you the consumer will be involved in. It doesn't offer any assurances that it will benefit the economy one iota, either. One thing you can bet on: It will cost you more to do ordinary business and won't encourage banks to loan money quicker.
No matter who the Congress tries to blame, they, not the president have total control of the budget process. It's the congressional budget that spends money and raises taxes to pay for it.
THE STAFF:
Remember THEY (congress) spend the money not the President as the democrats will try to blame Ex-President Bush for everything DURING THE NEXT ELECTION. The democrats have had the control during Bush's last year and since. They need to look in the mirror to see who helped put us in this mess. Thanks to Barney, Chris, Hillary, John K., and a lot of others we are sucking wind to survive.
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