Nancy Pelosi Blames Debt Accumulated Under Obama On Bush

In less than a week, we’ll have a new president. Less than a week. I was 15 years old when Obama became president and just started discovering my interest in politics. I can’t really remember the Bush years too well, and certainly not the Clinton years. That’s what history books are for, I suppose.

I know that President Bush racked up a whole bunch of debt over the span of his presidency. It jumped from $5.73 trillion to $10.63 trillion. Since then, it’s skyrocketed even more. In fact, Obama has racked up more debt than every U.S. president combined. It now stands at around $19.96 trillion (and counting). But listen– even though Obama has been the President of the United States for the last eight years, none of the debt is his fault. None of it. Not a single dime. It’s all Bush’s fault. At least, according to House Minority Leader Nancy Pelosi.

“When President Obama stood on the steps on the Capitol eight years from next week, the [budget] deficit was $1.4 trillion — one year deficit,” Pelosi said. “It’s reduced by 70 percent in his administration. Much of the increase in the national debt that has occurred from this time still springs from two unpaid-for wars, cost that we owe our veterans following that, giveaways that they gave to the pharmaceutical industry, and the high-end tax cuts that have carried forward without any job production. Absent the work of President Obama, this national debt would be even higher.”

What about Obama’s $831 billion stimulus? No? We’re not going to talk about that? Alrighty then.

Pelosi also said the debt would be even worse, if not for the wondrous work of Dear Leader.

“Absent the work of President Obama this national debt would be even higher,” she said. “Just to remind you, when President Clinton was in office, the last five of his budgets were in balance or in surplus.”

Jut because Bill Clinton was in office at the time doesn’t mean he made that happen. As the Cato Institute points out, Gingrich and the Republican-led House get virtually no credit for their work.

Newt Gingrich and company — for all their faults — have received virtually no credit for balancing the budget. Yet today’s surplus is, in part, a byproduct of the GOP’s single-minded crusade to end 30 years of red ink. Arguably, Gingrich’s finest hour as Speaker came in March 1995 when he rallied the entire Republican House caucus behind the idea of eliminating the deficit within seven years.

Skeptics said it could not be done in seven years. The GOP did it in four.

But Pelosi doesn’t have time for those pesky facts.

“He had us on a path of $5.4 trillion in debt reduction,” Pelosi said. “Not deficit, debt reduction — as opposed to an annual deficit – the debt reduction. President Bush came to office, he reversed all of that.”

“President Bush became president, he threw pay-as-you-go out the window and took us on a reverse path –$5.4 trillion in debt, adding to that,” Pelosi added. “So it is like an $11 trillion swing in the national debt. Very irresponsible.

HA HA HA HA! Pelosi’s actually trying to convince us that she and her colleagues are the champions of fiscal responsibility. That’s rich.

In case you’re wondering how the rest of this is going to play out, here’s a solid prediction:

2000-2008: Bush’s fault
2009-2015: Bush’s fault
2016-2017: Trump’s fault

— Jason C. (@CounterMoonbat) January 13, 2017