Inquiring minds are reading about just how spendthrift the 111th Congress really was:
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.
What kept it from spending more than all combined? Probably this:
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.
The $3.22 trillion in new federal debt run up during the 111th Congress exceeds by 64 percent the $1.957 trillion in new debt run up during the 110th.
Although the 111th Congress cast its last vote on Dec. 22, it will not officially adjourn until next week.
Democrats controlled both the House and Senate in the 110th and 111th Congresses.
Well, America, as bad as the Republican contolled congress was, there
Filed under: Uncategorized |