Video: Nancy Pelosi promises “no new deficit spending” in 2007

(By Ed Morrissey, Hot Air) - CNS News and the Media Research Center climb into the Wayback Machine and travel to January 4, 2007, Nancy Pelosi’s first day as Speaker of the House, to recall this gem of a political promise. After years of overspending by Republicans, Democrats had run on a platform of fiscal responsibility and taken control of both chambers of Congress in the 2006 midterm elections. Pelosi started off the 110th Session of Congress by declaring an end to deficit spending: