Pelosi: ‘America’s Middle Class is Burdened by a Tax Scam That Has Driven up Record Budget Deficits’

By CNSNews.com | March 9, 2019 | 10:28am EST
Speaker Nancy Pelosi and Rep. Ilhan Omar (Getty Images/Chip Somodevilla)

(CNSNews.com) - House Speaker Nancy Pelosi (D.-Calif.) put out a statement in reaction to yesterday’s jobs report—which showed a record number of people employed and the unemployment rate dropping to 3.8 percent—stating the report had “abysmal numbers.”

“February’s abysmal jobs numbers are a stark warning from an economy being hollowed out by the GOP’s devastating special interest agenda.

“And the future of America’s middle class is burdened by a tax scam that has driven up record budget deficits in order to enrich Big Pharma, big banks, big corporations and the wealthiest 1 percent,” Pelosi said.

Since President Barack Obama was inaugurated on Jan. 20, 2009, the federal debt has risen from $10,626,877,048,913.08 to $22,029,051,549,002.87—an increase of $11,402,174,500,089.79.

When Trump was inaugurated on Jan. 20, 2017, it stood at $19,947,304,555,212.49—and has climbed $2,081,746,993,790.38 in the little more than two years since then.

Here is the full text of Speaker Pelosi’s statement on the February employment report:

“February’s abysmal jobs numbers are a stark warning from an economy being hollowed out by the GOP’s devastating special interest agenda.

“Years of Republican giveaways to big corporations and the wealthiest few have jeopardized the financial security of working families. Jobs and household wealth are faltering. Despite the President’s promises, our nation faces a historic trade deficit. And the future of America’s middle class is burdened by a tax scam that has driven up record budget deficits in order to enrich Big Pharma, big banks, big corporations and the wealthiest 1 percent.

“As Republicans continue to push their failed policies, House Democrats are working For The People to lower health care costs and the price of prescription drugs, raise wages by rebuilding America with green, modern and job-creating infrastructure and restore integrity to Washington. Today, we are passing H.R. 1: The For The People Act to restore the people’s confidence that government works for the public interest, not the special interests by reducing the role of big dark money in politics, advancing clean and fair elections, and cleaning up corruption in Washington. With this historic legislation, we will put the power back in the hands of the people and lay the foundation to make transformative progress For The People – delivering results on the issues that matter in their lives.”

 

 

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