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111th Congress Added More Debt Than First 100 Congresses Combined: $10,429 Per Person in U.S.

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posted on Dec, 28 2010 @ 09:05 AM
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111th Congress Added More Debt Than First 100 Congresses Combined: $10,429 Per Person in U.S.


www.cnsnews.com

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 th
(visit the link for the full news article)




posted on Dec, 28 2010 @ 09:05 AM
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This is truly a travesty of justice. We're in a global economy with cheap labor and the crooked politicians are out of control. I don't know how any American can cheer on this wasteful spending. What this tells me is that America is in deep trouble. We can't sustain this debt because we can't create enough jobs or the kind of jobs to support this massive spending and massive debt.


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.

During the 110th Congress—which, according to the Clerk of the House, officially convened on Jan. 4, 2007 and adjourned on Jan. 4, 2009--the national debt increased $1.957 trillion. When that Congress adjourned less than two years ago, it claimed the record as the most debt-accumulating Congress in U.S. history. As it turned out, however, its record did not last long.

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.


www.cnsnews.com
(visit the link for the full news article)
edit on 28-12-2010 by Matrix Rising because: (no reason given)



posted on Dec, 28 2010 @ 09:34 AM
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A) There should be no surprise

b) congress is not there to represent you or your intrests

c) congress knows its not there money and could careless about future generations

d) congress men will make there dirty money to support there familys and there future generations Trillions have been stolen from the american people its in sombodys pocket

e) when they leave your children are stuck with the bill

f) nobody cares about your or your family in congress.

g) special intrests 1 public - 15 trillion.



posted on Dec, 28 2010 @ 09:38 AM
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So I can cut the gov a check for $10,429 and they'll leave me alone, right? That's how much I have to pay to get out of the indentured servant contract I never signed in the first place? lol, right.


 
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posted on Dec, 28 2010 @ 09:56 AM
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LOL. I guess great minds think alike. I posted the same thing. If the mods want to combine them, that is ok with me.
www.abovetopsecret.com...



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