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.

Good News: Government Raises Natl Debt $166B in One Day: More Than We Spent All of 2007

This is change from the Bush years?!?:

The nation's debt leapt $166 billion in a single day last week, the third-largest increase in U.S. history, and it comes at a time when Congress is balking over higher spending and debt has become a key policy battleground.
 
The one-day increase for June 30 totaled $165,931,038,264.30 - bigger than the entire annual deficit for fiscal year 2007 and larger than the $140 billion in savings the new health care bill will produce over its first 10 years. The figure works out to nearly $1,500 for every U.S. household, or more than 10 times the median daily household income.

To be fair, the government under Bush spent more than was spent on June 30 on two other days, but was Obama supposed to put an end to all of that?

Chairman of the Joint Chiefs: National Debt Trumps All As #1 Threat to America

The Chairman of the Joint Chiefs, Admiral Mullen, recently opined about what he thought was the greatest risk to national security. Is it Iran, Bin Laden, carbon dioxide…? No, it’s the spendapalooza going on in Washington over the past decade:



This is on-point analysis from the COJC. Ed Morrissey breaks it down even further as to why the national debt and ever-increasing deficit spending trumps all as the #1 threat to the future of the United States:

We are rapidly approaching the point at which we can no longer fund a robust defense system for the US and the Western world. Our ability to maintain forward strategies to engage and destroy terrorist networks will disappear, but not before we have to scale back our military presence around the world. We have overspent for decades across the board, and the interest payments on the national debt alone will cost us more than our defense systems — on top of which the heavy burden of unfunded entitlement liabilities will start cresting as the Baby Boomers enter retirement. Steve Eggleston updates us on the quickening slide of Social Security into the red, just to remind us of that fact.

I agree. It is imperative that we get the DC spending spree. If we don’t, we won’t have the money to do anything much less protect this country from terrorists, Social Security, or even just filling potholes on the streets.

Harry Reid Says GOP Wants US to Fail Forgetting That He Chastised Limbaugh For Saying He Wants Obama to Fail

Harry Reid recently had a bowl of sour grapes after Republicans just said “no” to spending an extra $109B that we don’t have to extend unemployment benefits:

The morning after the Senate failed to advance a bill that responded to the recession, Sen. Harry Reid laid into Republicans who blocked it en masse.

Clearly sore after falling three votes short Thursday night of the 60 needed to overcome a Republican filibuster, the Senate majority leader from Nevada charged in a Senate speech that GOP senators "are betting on the our country to fail."
Rather than help Americans, he said, Republicans are more interested in bringing down President Barack Obama.

"The Republicans in the Senate have made the decision to do everything they can to turn the country upside down, to do everything they can to stop economic recovery because they think it may help some of their people running for the Senate around the country.

"They figure as bad as they can make the economy, the better off they will be," Reid said. "That is a pretty difficult view for people who are United States senators."
"As we learned from the health care debate, (Republicans) want everything that Obama wants to be his Waterloo."

Listen, I feel for those that are feeling the pinch of unemployment, but there has to be a point when we have to cut the apron strings and get the out-of-control spending back in black. It is a calculated risk drawing the line in the sand with unemployment benefits. It could bite the Republicans back in November. We’ll see at the polling booth, whether or not it is political suicide as the Democrats are trying to portray it.

Back to Harry Reid’s comment, he is trying to demonize the GOP by saying that they don’t care about playing politics at the expense of the common man. That’s rich for someone that wants to pass cap-and-tax and causing energy prices to skyrocket in the process in order to push their green agenda.

I, also, find it really hypocritical for him to say that they want the GOP to fail, after he went in front of the Senate to chastise Rush Limbaugh for saying that he wants Obama to fail. In fact, it’s worse. Reid implied that the GOP wants the entire country to fail. Rush only said that he wants Obama’s ultra-liberal agenda to fail not the country as a whole. The Democrats just tried to paint Limbaugh’s comment as saying that he wants the country to fail because, if you look at what he said in its entirety, that’s not actually what he said.

Reid must be pretty desperate these days considering that he pretty far behind Sharon Angle in the Nevada Senate race even though his camp denies it.