Monday, November 19, 2012

Get ready for more IOUs as Pelosi stays on as leader

"I said yesterday we did not have the majority, but we have the gavel," House Minority Leader Nancy Pelosi, D-Calif., said at a press conference Wednesday. The ensuing laughter prompted the 72-year-old, who once served as the nation's first female speaker of the House, to reconsider her statement. "Excuse me," she said. "We don't have the gavel ... We have something more important, we have unity. We do not have the majority, we do not have the gavel, but we have unity."
Pelosi's second statement is correct: Democrats are the minority in the House, and they are now more unified than ever. Having shed the few moderates they had, they are more unified around a far-left ideology that has a proven track record of exploding the debt and sinking the economy.
Just look at Pelosi's record as speaker. When she first took the gavel on Jan. 3, 2007, the federal government was on track to spend just $2.7 trillion that year. The federal deficit was a mere $160 billion, and the cumulative national debt was $8.7 trillion. Only 7 million Americans were unemployed, and the nation's unemployment rate was just 4.6 percent.

Read more: http://washingtonexaminer.com/examiner-editorial-get-ready-for-more-ious-as-pelosi-stays-on-as-leader/article/2513626#.UKo-a4Wm4fp

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