The national debt has increased over the past several decades and currently stands at $36.2 trillion. In 1987, when Nancy Pelosi was first elected, it was $2.3 trillion. She currently has a network of over $267.6 million, despite having a salary of $174,000. So, while America became poorer than anyone could have ever imagined, the opposite is true for Pelosi. This may or may not be why Josh Hawley has reintroduced the "PELOSI Act" to ban members of Congress from trading stocks.

According to Fox News:

Hawley introduced the "PELOSI Act" in 2023, but failed to make progress under President Joe Biden's administration. The proposal has since gained popularity among lawmakers on both sides of the aisle, and President Donald Trump himself said last week that he would "absolutely" sign such a ban if it came to his desk.

"Members of Congress should be fighting for the people they were elected to serve—not day trading at the expense of their constituents," Hawley told Fox News Digital in a statement.

"Americans have seen politician after politician turn a profit using information not available to the general public. It’s time we ban all members of Congress from trading and holding stocks and restore Americans’ trust in our nation’s legislative body," he added.

I assume most voters can agree on this, despite their political affiliation. However, there is zero chance that both Democrats and Republicans will vote to make themselves less rich.

Hawley's ban would prohibit lawmakers and their spouses from holding, purchasing or selling stocks for the duration of the lawmaker's time in office. Lawmakers would be allowed to invest in diversified mutual funds, exchange-traded funds, or U.S. Treasury bonds while in office.

Coincidentally, it’s not actually Crazy Nancy getting rich from these stocks, but it’s her husband. And by her omission, she has nothing to do with it. You know, kind of like how Sleepy Joe knew nothing of Hunter’s Business deals.

According to a statement in the New York Post from a Pelosi spokesperson, “Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions."

Whether or not that is true is not for me to decide, but this should not be happening. Lawmakers should be focused on serving the American people, and the fact that they enrich themselves more than those they claim to represent is a scandal in itself.

That being said, is it time for term limits yet?

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