When Rep. Nancy Pelosi (D-Calif.) gave her inaugural address as speaker of the House in 2007, she vowed there would be “no new deficit spending.” Since that day, the national debt has increased by $5 trillion, according to the U.S. Treasury Department.
In that speech she also said, "Our new America will provide unlimited opportunity for future generations, not burden them with mountains of debt."
Oct 26, 2010
Debt up $5 Trillion after Pelosi promised no new deficit spending
From a report at the link below: