Pay As You Go Doesn’t Lower the Deficit

In her final press conference as Speaker of the House, Nancy Pelosi proves that she gets it—kind of:

At her final press conference as House Speaker, Nancy Pelosi (D-CA) said, "Deficit reduction has been a high priority for us. It is our mantra, pay-as-you-go." [Fox Nation: Speaker Pelosi Leaves With a Whopper]

This would be funny if it weren’t so serious.  In the period for which she was Speaker of the House, it was the Republicans that kept claiming that they had to follow the Pay-As-You-Go rules—it’s always been just for show.

And if you look at the legislation that has been passed in just the past two years, you see Stimulus Bills, ObamaCare and now the Obama Tax Rate Extension—all of which are paid for by adding more deficit and more debt.

In fact, the only thing the Democrats have shown is that they can outspend the Republicans—which is quite a feat.

Have fun in the minority, Congresswoman Pelosi.  I hope you enjoy a long stay.