Issues

Economy

“So if somebody has the idea that the percentage of GDP of what or national debt is will go up a bit, but they will now — and their neighbors and their children — will have jobs, I think they could absorb that.”
Since Speaker Pelosi took office :

- The national debt increased by 41.8%.
- The budget deficit has nearly tripled.
- The debt limit (borrowing limit) increased FIVE times.

When the Democrats gained control of Congress, the CBO projected that the federal government would run a budget surplus of $800 billion between FY 2008-2017.  Now, over that same period, the federal government is projected to run a deficit of $7.4 trillion.

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