Nancy Pelosi is passing her gavel to another person (most probably McCarthy R-CA), however her legacy like that of fellow spendaholic John Boeher (RINO-Ohio) and Paul Rino (RINO-WI) is reckless spending and debt load.
Since 2007 when Pelosi took the gavel as Speaker of the US Home, Federal debt has risen from $5.8 trillion in This autumn 2006 to $31.4 trillion in the present day, a rise of over 250%. Pelosi’s spending spree was continued by RINOs Boehner and Ryan earlier than SanFranNac retook the gavel and continued Congress’ spend-a-holic methods.
Nothing has been the identical because the monetary disaster and Pelosi turned Speaker in 2007. Notable is the wild spending with the hole between spending and tax income hovering.
Since 2007 and SanFranNan, Medicare spending has exploded together with Medicaid.
Below peace-loving Pelosi, protection spending has exploded.
After which now we have unfunded liabilites from the Federal authorities at a staggering $173.3 trillion, which is 452% of Federal debt. What did Pelosi (or Boehner/Ryan) do to repair this drawback? Nothing. She stored spending like loopy.
It will be good if Biden informed each unlawful immigrant that on turning into a citizen, you owe $519,286 by way of unfunded liabilities and a $94,240 for his or her share of Federal debt. However, in fact, that can by no means occur.
The S&P 500 index is down -2.44% in the present day as M2 Cash development crashes.
Once more, RINOs Boehner and Ryan adopted Pelosi’s large spending spree with much more spending and debt.
Here’s a portray of spendaholic Nancy Pelosi with fellow spendaholic John Boehner.
