(CNSNews.com) – House Speaker Nancy Pelosi and Rep. Jim McGovern (D.-Mass.) have co-authored a commentary piece for USA Today that promises that the Democrat-controlled House of Representatives will bring “fiscal sanity” back to the federal government.
“After Republicans’ deficit-exploding, trillion dollar handouts to the wealthiest 1 percent and big corporations, Democrats will restore budget rules to ensure that Congress returns to fiscal sanity,” Pelosi and McGovern wrote.
“No longer will devious loopholes be used to balloon the deficit with more giveaways to the ultrawealthy at the expense of working families,” they said.
In fiscal 2009 and fiscal 2010, the last two full fiscal years that Democrats controlled the House of Representatives and Nancy Pelosi was speaker, the federal government ran deficits of $1,412,688,000,000 and $1,294,373,000,000, according to historical budget numbers published by the Office of Management and Budget.
In the ensuing years, when Republicans controlled the House, the federal government continued to run massive deficits—including a $1,299,599,000,000 deficit in fiscal 2011 and a $1,086,955,000,000 deficit in fiscal 2012.
In fiscal 2018, an all-Republican Congress ran a deficit of $778,996 billion, according to the Monthly Treasury Statement. This year, fiscal 2019, when an all-Republican Congress has already funded about 75 percent of the government through the fiscal year, the anticipated deficit is $984.395,000,000, according to OMB.