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Posts Tagged ‘111th US Congress’

Wonder what you would find if you frisked the 111th United States Congress?

Answer: They added more debt during its tenure than the first 100 Congresses combined!

CNS News reports:

The federal government has accumulated more new debt–$3.22 trillion ($3,220,103,625,307.29)—during the tenure of the 111th Congress than it did during the first 100 Congresses combined, according to official debt figures published by the U.S. Treasury.

That equals $10,429.64 in new debt for each and every one of the 308,745,538 people counted in the United States by the 2010 Census.

The total national debt of $13,858,529,371,601.09 (or $13.859 trillion), as recorded by the U.S. Treasury at the close of business on Dec. 22, now equals $44,886.57 for every man, woman and child in the United States.

In fact, the 111th Congress not only has set the record as the most debt-accumulating Congress in U.S. history, but also has out-stripped its nearest competitor, the 110th, by an astounding $1.262 trillion in new debt.

[...]

Democrats controlled both the House and Senate in the 110th and 111th Congresses.

Bravo Rep. Nancy Pelosi (D-CA) and the Democrats!

It truly takes a talented bunch of Democrats to get incredibly intoxicated with power, grab the federal government credit card (paid for by the taxpayers), and spend it irresponsibly like Preston Waters in the movie Blank Check.

Exit Question: Hey Democrats, what ever happened to PAYGO? You know… The so-called budgetary tool you guys designed to stop deficit spending?

Bring in the next Congress, please.

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