Tuesday, December 28, 2010

The 111th Congress Added More To The National Debt Than The First 100 Congresses Combined

Holy Shnikes! So in 2 years, I went from owing about $33,000 to now $44,000 + as my part of the deficit. Everyone now owes roughly $44,900. And everyone still thinks this is Bush's fault and that his 8 years his administration added more debt. Wrong. I have posted many articles on my blog (and you can find similar articles on other sites and blogs too) that debunk that issue and show that Obama's first 2 years are the worst. We need to get this debt under control.

h/t The Lonely Conservative

CNSNews.com: 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.

During the 110th Congress—which, according to the Clerk of the House, officially convened on Jan. 4, 2007 and adjourned on Jan. 4, 2009--the national debt increased $1.957 trillion. When that Congress adjourned less than two years ago, it claimed the record as the most debt-accumulating Congress in U.S. history. As it turned out, however, its record did not last long.

Speaker Pelosi even made a vow when she took over that there no new spending deficits. Yeah, that didn't last long. Video here:

Read the full disturbing article here. The numbers are outrageous.

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