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Pelosi: ‘When There’s a Democratic President, the Deficit Goes Down’
Cybercast News Service ^ | May 24, 2018 | 12:51 PM EDT | CNSNews.com Staff

Posted on 05/24/2018 9:16:52 PM PDT by Olog-hai

House Minority Leader Nancy Pelosi said during a “town hall meeting” on CNN on Wednesday night that when there is a Democratic president the federal deficit goes down.

“It’s counterintuitive in people’s minds that the Democrats are the deficit reduction folks,” said Pelosi. “But the fact is, you look, when there’s a Democratic president, that the deficit goes down, when the Republicans are in power, they give tax cuts at the high end, all kinds of other things, and the deficit, the debt, the national debt goes up.”

The historical data published by the White House Office of Management and Budget indicates that the three highest annual deficits in the years after World War II (measured as a percentage of GDP) were during the Obama administration.

In fiscal 2010, the federal deficit was 9.8 percent of GDP; in 2011, it was 8.7 percent; and in 2012, it was 8.5 percent.

In fiscal 2017, it was 3.5 percent. …

(Excerpt) Read more at cnsnews.com ...


TOPICS: Government; Political Humor/Cartoons; Politics/Elections
KEYWORDS: deficit; democrats; liberalagenda; pelosi
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To: Olog-hai
Delusional dumb ass!!!
41 posted on 05/25/2018 3:12:39 AM PDT by ontap
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To: Olog-hai

It’s Ok, Nancy’s always used “progressive” math.


42 posted on 05/25/2018 3:13:52 AM PDT by Bullish (government=overfunded stupidity.)
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To: Olog-hai

Delusional...


43 posted on 05/25/2018 3:38:39 AM PDT by broken_arrow1 (I regret that I have but one life to give for my country - Nathan Hale "Patriot")
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To: Olog-hai
Yeh right....The only way it goes down is via taxes....until now....

Let's see what happens under President Trump.

44 posted on 05/25/2018 3:40:43 AM PDT by Sacajaweau
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To: Olog-hai

Nancy is getting senile, but then again, she been senile since day 1.


45 posted on 05/25/2018 3:44:49 AM PDT by Deplorable American1776 (Proud to be a DeplorableAmerican with a Deplorable Family...even the dog is, too. :-))
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To: Olog-hai

There is still a deficit and taxes go up, but it is so hard to spend all of your money when we take so much of it.


46 posted on 05/25/2018 3:49:32 AM PDT by teeman8r (Armageddon won't be pretty, but it's not like it's the end of the world.)
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To: Olog-hai

Botox poster child


47 posted on 05/25/2018 3:53:27 AM PDT by ronnie raygun
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To: ThunderSleeps

I believe that she completely understands how stupid her audience is.


48 posted on 05/25/2018 3:56:48 AM PDT by mowowie
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To: Olog-hai

The old bat is in desperate need of an intervention. Where is her family?


49 posted on 05/25/2018 3:58:36 AM PDT by SMM48
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To: SMM48
The old bat is in desperate need of an intervention. Where is her family?

While that may be true, I do want her in front of the camera spouting this kind of nonsense EVERY DAY. The MSM continues to be clueless that her every statement wakes more people up to the destruction caused by the democrats.

50 posted on 05/25/2018 4:05:00 AM PDT by Prov1322 (Enjoy my wife's incredible artwork at www.watercolorARTwork.com! (This space no longer for rent))
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To: Olog-hai

Forgot the whole Obama administration I guess.


51 posted on 05/25/2018 4:16:07 AM PDT by DoodleDawg
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To: cranked
9+ TRILLION under ObamaIdiot....of course, Pelosi....do not get off your delusional meds yo

6 of Obama's 8 years were with a very compliant GOP Congress. San Fran Nan is lying, of course... but let us not pretend that Republican Congresscritters and/or the RNC automatically want to shrink the debt or the deficit. They lie to us just as much a Nancy does, especially on this particular topic. They're just as addicted to getting re-elected by playing Santa Claus with other people's money as the worst of the Democrats.

52 posted on 05/25/2018 4:17:23 AM PDT by Teacher317 (We have now sunk to a depth at which restatement of the obvious is the first duty of intelligent men)
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To: Olog-hai

From the party that has taken more money out of one government fund to put into another fund. Robbing Peter to pay Paul is they way of bring down debt.


53 posted on 05/25/2018 4:19:31 AM PDT by bmwcyle (People who do not study history are destine to believe really ignorant statements.)
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To: Olog-hai

And when the Dems own congress, it goes up.


54 posted on 05/25/2018 4:22:48 AM PDT by al_c (https://conventionofstates.com)
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To: Olog-hai

Pelosi’s convenient memory lapse aside, the disturbing thing about the graph that accompanied the article is the fact that despite the fact that the economy is in the best shape it’s been in a decade, despite unemployment rates being at historic lows, and despite the fact that corporate profits are literally the best they have ever been, the deficit is going up. During an economy like this the deficit should be going down if not running a surplus. If the deficit is rising during times like this what will happen during the next economic downturn?


55 posted on 05/25/2018 4:23:08 AM PDT by DoodleDawg
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To: Olog-hai

Just another entry in the book “Stupid Things Nancy Pelosi Has Said.”


56 posted on 05/25/2018 4:26:54 AM PDT by From The Deer Stand
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To: kaehurowing

SSSSHHHH!

Keep talking Nancy! You go girl!

She is the Blue Wave killer.


57 posted on 05/25/2018 4:31:39 AM PDT by LeonardFMason (426)
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To: Olog-hai

Just like her home state of CA.


58 posted on 05/25/2018 5:18:26 AM PDT by bray (Pray for President Trump)
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To: EdnaMode

She must’ve smoked meth.


59 posted on 05/25/2018 5:30:45 AM PDT by a fool in paradise (Ads for Chappaquiddick warn of scenes of tobacco use. What about the hazards of drunk driving?)
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To: kaehurowing

“It’s sad to see dementia take hold.”

That piled on top of a snotty hag is not a pretty picture.


60 posted on 05/25/2018 5:46:47 AM PDT by Bonemaker (invictus maneo)
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