News Ticker powered by Fox News

Tuesday, December 28, 2010

Good News: 111st Congress Shattered Record By Adding More Debt Than Previous Congresses Combined

No wonder that they drove out them out in record numbers this past election and that "hope and change" has faded into a long lost memory.

This last Congress, led by Democrats, Nancy Pelosi, and Harry Reid has racked up more debt than any of the previous 100 Congresses COMBINED:

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.

This is the reason why liberals should never get carte blanche over the government purse strings. Americans don't want to become the next Greece, and they won't put up with this type of free-spending anymore, which is why the TEA Party has gained such a powerful influence over the political landscape. Republicans better take heed and not continue the past Congresses bad behavior and take charge over the finances to keep us from falling further behind.

No comments:

Post a Comment