Nancy Pelosi: Obama’s Budget a ‘Blueprint for Economic Stabilization’ for America, Designed To ‘Reduce the Deficit’

(CNSNews.com) – House Speaker Nancy Pelosi (D-Calif.) recently said that President Barack Obama’s fiscal year 2010 budget of $3.6 trillion was a “blueprint for economic stabilization for our country.” The Treasury Department, however, has reported that the United States posted a budget deficit for the month of April nearly four times the $20.91 billion shortfall registered in April 2009.

Pelosi, in her remarks, also said that Obama’s budget would “reduce the deficit.”

“A hundred days later from his [Obama's] inauguration, we passed the budget, which was a blueprint for economic stabilization for our country,” Pelosi said last week at the Asian American and Pacific Islanders Summit on Capitol Hill.