Saturday, January 8, 2011

Morning Bell: Repeal Doesn’t Increase the Deficit | The Foundry: Conservative Policy News.

Morning Bell: Repeal Doesn’t Increase the Deficit | The Foundry: Conservative Policy News.: "When now-House Minority Leader Nancy Pelosi (D–CA) was sworn in as Speaker on January 4, 2007, the national debt stood at $8.67 trillion. By the time Pelosi surrendered the gavel to Speaker John Boehner (R–OH) yesterday, the national debt stood at $14.01 trillion. At $5.34 trillion, that means Speaker Pelosi added more than $1 trillion in debt per year during her tenure as Speaker. And yet she has the audacity to tell reporters Tuesday: “Deficit reduction has been a high priority for us. It is our mantra, pay-as-you-go.”

Only someone so out of touch with reality that they could claim that “deficit reduction” has been their “highest priority” while simultaneously adding more than $1 trillion a year to the debt could possibly claim that repealing Obamacare would add to the debt. But that is exactly what Pelosi wants us to believe. Also on Tuesday she claimed that repealing Obamacare would do “very serious violence to the national debt and deficit.” Nothing could be further from the truth."

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