Embarrassing

Deficit Hawks Have Private Debt

So does Pelosi.

Politicians basing their campaign on deficit reduction had better look to their own finances. Last month Newt Gingrich was ridiculed for running up a $500,000 tab at Tiffany & Co. Rep. Michele Bachmann also has some outstanding liabilities: a mortgage between $100,000 and $250,000 and a business loan between $250,000 and $500,000. Reps. Ron Paul, one of the founding figures of the Tea Party, and Eric Cantor, who pulled out of debt-limit negotiations last week, have liabilities between $250,000 and $500,000. But none has more debt than Minority Leader Nancy Pelosi, whose latest financial disclosure statement reported liabilities on six separate properties, totaling between $4.75 million and $21.5 million.