The National debt. Can it be blamed on George W. Bush? Nancy Pelosi anyone?

“After years of historic deficits, this 110th Congress will commit itself to a higher standard: Pay as you go, no new deficit spending,” Nancy Pelosi said in her inaugural address from the speaker’s podium. “Our new America will provide unlimited opportunity for future generations, not burden them with mountains of debt.”

How well did she do, and is all of this the fault of George W. Bush?

Let us look at the numbers.

When Bush was sworn in on January 20, 2001, the national debt was $5,727,776,738,304.64. Dennis Hastert was the speaker of the house.

When Pelosi was sworn in on January 4, 2007, the national debt was $8,670,596,242,973.04.

When Bush left office on January 20, 2009, the national debt was $10,626,877,048,913.08.

When Pelosi left office on January 24, 2011, the national debt was $14,014,049,043,294.41.

The estimated  National debt Feb 12, 2012 is $15,368,215,367,669.46.

The average debt added per day during Bush/Hastert 2175 days was $1.353 billion

The average debt added per day during Bush/Pelosi 741 days was $ 2.640 billion

The average debt added per day during Obama/Pelosi 714 days was $ 4.744 billion.

The average debt added per day during Obama/Boehner so far is about 3.52 billion.

In short: Republican President and Republican house is horrendous. Republican President and Democrat house is horrendous times two. Democrat President and Democrat house is horrendous times three and a half. Democrat President and Republican house has failed so far to make a dent in the increase. I am pinning my hope on Sarah Palin and the Tea Party. So far she has not entered the race. If there is a brokered convention anything can happen.

Sarah Palin vetoed over 500 million dollars of legislation during her term as Governor of Alaska in a time of revenue surplus. Even with that she enjoyed an approval rating of over 80%, earning her the title “The most popular Governor in America”.

Ode to Nancy Pelosi. A song, Limerick style.

Since Nancy Pelosi took over the gavel

Was our economy quick to unravel.

She is more than bad,

The worst that we had.

We finally stopped contemplating our navel.

 

Since Nancy Pelosi took over as speaker

Our job situation has gotten much weaker

 All jobs that are lost

Since she got the post

And as for advise, shame to all who still seek her.

 

For Nancy Pelosi, Majority Leader

The Chinese exploiters a life-line did feed her

Our debt load increased

Four trillions at least

 We all must this fall go and vote to unseat her.

 

For Nancy Pelosi, known Tea Party hater

 Gets scared when the grandmothers start to berate her

It does go to show

That she doesn’t know

 The Tea Party is one great hate dissipater.

One more versse has been added:

One more verse to “Ode to Nancy Pelosi”

Fullsized image

When Nancy Pelosi again became speaker,

the ravage of time showed it made her much weaker

and how nervous she looked

for her goose is soon cooked.

The Democrats future is looking much bleaker.

 

A Limerick on Congress reconvene.

The U. S. House was on recess when Speaker Nancy Pelosi (D-CA) ordered members to scurry back to Washington on August 10 2010 to do what they do best, spend taxpayer’s money by approving another bailout, this time for states that have been derelict in controlling their own spending on government worker pay, benefits and pensions.

The call-back session was to vote on a $26.1 billion bill to bail out state governments (The Senate passed the legislation on August 5th.). The bill was approved by the House on a largely party line vote.

According to Fox News, some Democrats and advocacy groups are “outraged” because “the bill also requires that $12 billion be stripped from the Supplemental Nutrition Assistance Program, commonly known as food stamps, to help fund the new bill.”  Is taking $12 billion from the Food Stamps program in order to pass it to union jobs the new Obama plan to redistribute wealth?

Reconvening of Congress, their action quite speedy

To bail out the unions, they all are so greedy.

Harry, Nancy and Barack

Act together as a pack:

 Take it from food stamps; who cares ‘bout the needy?

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Ode to Nancy Pelosi, Limerick song.

LEFT: Nancy Pelosi tries her best to explain her strange behavior.

RIGHT:Question: Why does an American Woman Infidel do the sign of the cross in the great Umayyad Mosque in Damascus Syria? Answer: Nancy Pelosi does the sign of the cross to pay her utmost respect to the skull of John the Baptist. House Speaker Nancy Pelosi looks at the tomb containing the head of St. John the Baptist inside the historic Umayyad Mosque, during her tour at a popular market in downtown Damascus, Syria, Tuesday April 3, 2007.

(President George W. Bush criticized the trip, saying it sends mixed signals to Syrian President Bashar Assad. )

Nancy Pelosi became speaker of the house in Jan 2007. What power does she have anyhow?

Let us take a look at the U.S. Constitution:

Section 7 – Revenue Bills, Legislative Process, Presidential Veto All bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills. Section 8 – Powers of Congress The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;

How has our economy been performing since she took the reins of the purse strings? There is an interesting article by Mark Trumbull, Staff writer of The Christian Science Monitor / February 21, 2007 : Despite the ongoing costs of US military campaigns in Iraq and Afghanistan, the outlook for the federal budget has grown substantially brighter. Tax revenues are rising much faster than spending, according to Treasury Department numbers released last week. The recent trend is strong enough that, were it to continue, the budget could move into surplus in barely a year, one economist calculates. Already, the federal deficit is shrinking toward about half the size that it has averaged since 1970, when analyzed as a percentage of gross domestic product. The shift reflects a strong economy, with higher incomes and corporate profits generating a bigger flow of tax revenue. In turn, the Treasury’s progress could help the economy by buoying investor confidence in the nation’s fiscal position. Some experts say the budget could achieve balance in the short run of the next few years. In unveiling its proposed budget this month, the Bush administration forecast black ink on the federal ledger in 2012. The nonpartisan Congressional Budget Office (CBO), in its recent annual outlook, also shows a surplus for that year. So, after three and a half year of Nancy Pelosi, how are we doing? I can only say it has gone from good to bad to verse:

Ode to Nancy Pelosi, Limerick style.

Since Nancy Pelosi took over the gavel 

Was our economy quick to unravel.

 She is more than bad,

The worst that we had.

We finally stopped contemplating our navel.

.

Since Nancy Pelosi took over as speaker

Our job situation has gotten much weaker

 All jobs that are lost

Since she got the post

And as for advise, shame to all who still seek her.

.

For Nancy Pelosi, Majority Leader

The Chinese exploiters a life-line did feed her

Our debt load increased

Four trillions at least

We all must this fall go and vote to unseat her

.

For Nancy Pelosi, known Tea Party hater

Gets scared when the grandmothers start to berate her

It does go to show

That she doesn’t know

The Tea Party is a great hate dissipater.

©2010 Lennart Bilén.

Ode to Nancy Pelosi, Limerick song.