Another Record!… 111th Congress Added More Debt Than First 100 Congresses Combined – $10,429 Per Person!
Posted by Jim Hoft on Tuesday, December 28, 2010, 12:55 AM
111th Congress Added More Debt Than First 100 Congresses Combined: $10,429 Per Person in U.S.
It was historic.
Barack Obama tripled the national deficit in one year. When Speaker Pelosi took over Congress the national deficit was $162 billion. When she exits in 2011 as Speaker it will be at $1.29 Trillion dollars.
Obama topped a trillion dollars his second year, too.
(The Captain’s Comments)
Spending was up 84% under Obama.
And, then there’s this- $10,429.64 in new debt for each and every person in the US.
CNS News reported:
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.
How’s that for hope and change?
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Freddy commented:
Every time I hear someone blame Bush for Obama’s spending I ask one simple question. Why has Obama allowed it all to continue for 2 years?
I have yet to hear any response of merit.
backhoe commented:
As my Dad told me, circa 1958?
“It’s so easy
to spend
somebody else’s money…”
tommy mc donnell commented:
if we want to get our freedom back from the politicans we have to take our money back.tax repeal now!!!!
SSBN 627(B) commented:
So always look for…the Union Label…
squeaky commented:
as long as people think it’s the other guy who’s going to be picking up the tab all will be fine in obamaville. you shouldn’t have to be burnt to figure out that contact with fire isn’t so good.
if you react too early – you’re a _____[fill in choice] if you react on time – you’re a hero [unless people refuse to believe] if you react too late – you’re a statistic and the people who criticized you earlier are still criticizing about you’re failure to react on time……dam in you do and dam if you don’t……
http://www.atimes.com/atimes/Middle_East/LL23Ak04.html
PaleRyder commented:
Now that explains the media wanting to have their baby.
kato commented:
Did all that spending go to good use? Major improvements in our national infrastructure, for example?
No, it went as payoffs to the unions, which have stolen more from this country than any 10 corporate interests one could name, and to the parasites of color, adding Obama Money to their 40-plus years of sucking up handouts, set-asides, quotas and special exemptions. How’s that bastardy rate working for you, America?
A_Nobody commented:
Many excellent comments but love yours kato. Just think the teacher’s UNION has been working for years to dumb down America. Looks like they’ve had some success.
Sheesh! commented:
Thanks for the bill. “Utopia” sure is expensive!
FDR (New Deal = Raw Deal)
LBJ (Great Society = Moocher Society)
O (Hope and change = ???? – Fill in the blank)
Our founding fathers are slapping their heads right now disappointed that our citizens have continued to give up our freedoms for “free” goodies. Can’t say they didn’t warn us.