Another Record!… 111th Congress Added More Debt Than First 100 Congresses Combined – $10,429 Per Person!
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?