For one last time, Nancy Pelosi is blaming George W. Bush for the problems Barack Obama created.
Speaking to reporters on Friday, Pelosi used some fuzzy math to claim the nation debt could have been a whole lot worse if Obama hadn’t been president.
“When President Obama stood on the steps on the Capitol eight years from next week, the 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,” she said.
The national debt when George W. Bush took office in 2001 was $5.73 trillion, according to PolitiFact.
When George W. Bush left in 2009, the national debt was $10.626 trillion (according to CBS), after he added $5.849 trillion to it, TheBalance.com reports.
When Barack Obama leaves office next week, the national debt will stand at roughly $19.9 trillion, because he added $7.917 trillion, according to the financial site.
With mathematicians like Nancy Pelosi managing the federal budget, it’s no wonder the numbers don’t add up.
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