Political Quotes

On the recordDecember 4, 2017
I thank the gentleman for yielding; and I thank him, and the Democratic members of the Ways and Means Committee, for being committed to the truth: to the facts. To hear the distinguished chairman of the committee say what he said about the budget is almost ludicrous, almost laughable, if it weren't so serious, in terms of the impact that it has on America's future. He knows that, in the last 4, and maybe even 5, years of the Clinton administration, the budget was in balance or in surplus--the operational budget--and it was on a path to reducing the national debt, until President Bush came in, gave tax cuts to the high end, a giveaway to the pharmaceutical industry with the Medicare part D legislation, and three unpaid for wars. That is what the experts will tell you increased the deficit that was on a path of the national debt going down. It was a swing, Mr. Speaker, of $11 trillion: to date, the biggest swing in history. When President Obama came into office, he was inheriting a deficit--I am not talking about the national debt; I am just talking about the annual deficit--of $1.4 billion. When he left office, it was about a third of that. So don't try to mislead the American people. We owe them the truth. We owe them facts.…
Said by
Nancy Pelosi
Democratic · California
Source
govinfo.gov
Dec 4, 2017

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