Pelosi's Legacy - Failure.

[AZhitman]

...as written by Jan Larimer:

Last week, almost $166 billion was added to the national debt in a SINGLE DAY. On June 30, to be exact, the total national debt rose by $165,931,038,264.30. That’s a single day increase in the debt that is larger than the entire annual deficit for fiscal year 2007.

This is Nancy Pelosi’s true legacy as Speaker of the House. The six largest single day jumps in the national debt all occurred on her watch. For the second straight year the federal government is running a $1 trillion deficit through just the first six months of the fiscal year. More debt has been proposed in the last two years than in the previous 234 combined.

This would be humorous if it weren't so terrifying.

Ouch.

[IBCoupe]

Are we accounting for inflation with that "six largest" bits?

[AZhitman]

Hey, look who's joined us! Good evening, Mrs. Speaker.

As to your question, I'd ask you to do the math, but I know it's not your strong suit. Maybe Mr. Frank could help... wait.... nevermind.

(jfwy, IBC)

[IBCoupe]

Hey, look who's joined us! Good evening, Mrs. Speaker.

As to your question, I'd ask you to do the math, but I know it's not your strong suit. Maybe Mr. Frank could help... wait.... nevermind.

(jfwy, IBC)

Haha, nice.

But really, whenever I hear numbers like that, I have to ask if we're talking about raw numbers of relative numbers.

[AZhitman]

As someone who prides himself on debunking statistics, I can appreciate that.

This will be a rare case where I say, "It doesn't matter."

Take special note of the 4th paragraph.

July 7, 2010 - The nation's debt leapt $166 billion in a single day last week, the third-largest increase in U.S. history.

The one-day increase for June 30 totaled $165,931,038,264.30 - bigger than the entire annual deficit for fiscal year 2007 and larger than the $140 billion in savings the new health care bill will produce over its first 10 years. The figure works out to nearly $1,500 for every U.S. household, or more than 10 times the median daily household income.

Daily debt calculations jump and fall, and big shifts are common. But all three of the biggest one-day debt increases have occurred under the tenure of President Obama, and all of the top six have been in the past two years.

"What matters is the overall trend line, and the overall trend line is shooting up," said Robert Bixby, executive director of the Concord Coalition, a bipartisan deficit watchdog group, who said it is one more reason for a fiscal wake-up call.

Even if we DO factor in inflation, the historically low inflation rates of 2009-2010 would kinda dampen the contention that it'd make a difference in the numbers.

[wingFeather]

We're screwed. I do not look forward to the future.