The following text is a verbatim transcript of of Rep. Nancy Pelosi's acceptance speech as Speaaker of the House of Representatives in 2007
"After years of historic deficits, this new 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.
WASHINGTON (AP) - What is $1.42 trillion? It's more than the total national debt for the first 200 years of the Republic, more than the entire economy of India, almost as much as Canada's, and more than $4,700 for every man, woman and child in the United States.
It's the federal budget deficit for 2009, more than three times the most red ink ever amassed in a single year.
And, some economists warn, unless the government makes hard decisions to cut spending or raise taxes, it could be the seeds of another economic crisis.
Treasury figures released Friday showed that the government spent $46.6 billion more in September than it took in, a month that normally records a surplus. That boosted the shortfall for the full fiscal year ending Sept. 30 to $1.42 trillion. The previous year's deficit was $459 billion.
As a percentage of U.S. economic output, it's the biggest deficit since World War II.
"In order to achieve a new America, we must return this House to the American people. So our first order of business is passing the toughest ethics reform in history.
Just Google Charle Rangel...nuff said...
This new Congress doesn't have two years or 100 days to renew itself.
"Let us join together in the first 100 hours to make this Congress the most honest and open in history.
Democrats on the Energy and Commerce Committee met behind closed doors Monday as they worked to become the third and final House committee to approve health care legislation.
http://www.huffingtonpost.com/2009/07/20/waxman-health-care-on-tra_n_241610.htmlJust one example of many "closed door sessions" held by the House.
This openness requires respect for every voice in the Congress.
Google Alan Grayson's remarks and Pelosi's response.