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December 29, 2010
Nancy Pelosi"s 111th Congress Added More Debt Than First 100 Congresses Combined
Nancy Pelosi promised to lead the most honest, most open and most ethical Congress in history.
Check this video out, it has clips from the past Congress, well done video!!!!!
111th Congress Added More Debt Than First 100 Congresses Combined: $10,429 Per Person in U.S.
Monday, December 27, 2010
By Terence P. Jeffrey
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.
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.
Still, the $3.22 trillion in new debt accumulated during the record-setting 111th Congress is more than three times the $1.054 trillion in new debt accumulated by the last Republican-majority Congress (the 109th) which adjourned on Dec. 8, 2006.
During the Rep. Nancy Pelosi’s (D-Calif.) tenure as speaker, which commenced on Jan. 4, 2007, the federal government has run up $5.177 trillion in new debt. That is about equal to the total debt the federal government accumulated in the first 220 years of the nation's existence, with the federal debt rising from $5.173 trillion on July 23, 1996 to $5.181 trillion on July 24, 1996.
In her inaugural address as speaker, Pelosi vowed that Congress would engage in no new deficit spending.
"After years of historic deficits, this 110th Congress will commit itself to a higher standard: Pay as you go, no new deficit spending,” she said in an address from the speaker’s podium. “Our new America will provide unlimited opportunity for future generations, not burden them with mountains of debt."
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Wild Thing's comment.......
This is mind boggling!
This past Nov. 2nd has to be repeated over and over and over again until they all finally get it!
Notice in the video too how disrespectrful the dems are to the Republicans. They truly only care about themselves, not we the people, and not our beloved America.
Posted by Wild Thing at December 29, 2010 12:50 AM
Comments
What the Congress has done under the Democrats(Pelosi) is morally and ethically criminal. These vast expenditures are to be paid by future generations. Higher taxes, devaluation(inflation) and possible loss of prestige as the world's banner currency are now at our doorstep. In the meantime these Dems will be living high on the hog with all their perks and privileges, cadillac health care and generous retirement even if they are voted out of office.
Posted by: TomR,armed in Texas at December 29, 2010 10:07 AM
Hanging is to good for those left wingers who brought all of this debt on the nation, especially when the messiah wannabe has emptied the bank.
Posted by: Eddie (Enemy of the State) at December 29, 2010 10:50 AM
Tom, well said, that sure is what has been happening.
I think the world will be as sorry as we are, since our country has been the knight in shining armour to rescue others when in need and fight their battles or help in any way we can. If this all keeps up from the left, we will be the ones asking and begging for help as a country.
Posted by: Wild Thing at December 29, 2010 06:11 PM
Eddie, ditto that!!!
Posted by: Wild Thing at December 29, 2010 06:14 PM
