“After years of historic deficits, this 110th Congress will commit itself to a higher standard: Pay as you go, no new deficit spending. Our new America will provide unlimited opportunity for future generations, not burden them with mountains of debt.”   Pelosi said in her inaugural address as speaker of the House in 2007

Since that day, the national debt has increased by $5 trillion, according to the U.S. Treasury Department.  For the full story, see this article.