111th Congress Added More Debt Than First 100 Congresses Combined: $10,429 Per Person in U.S. | CNSnews.com
The amount of money spent by our out of control Congress is insane. During the 110th and 111th Congress led by Nancy Pelosi they have increased the national debt by over $5 trillion dollars! That’s about $16,500 per person in the US. Imagine if every person in the US (man, woman, child) took out a couple of credit cards with $16,500 limits and maxed them out over the last 4 years – at least you might have some stuff! For a family of four that’s $66,000 – enough for a new car, a pool and a couple of nice vacations – but now you would be saddled with the debt for years to come… just like we are! The difference is that you don’t have the vacation pictures, new car or pool to enjoy, just the stark knowledge that it’s going to be a bitch to pay it all back.
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.”
Granted, the 108th and 109th ran up a $2.2 trillion debt during Republican control – they led the way largely driven by the costs of two wars in Iraq and Afghanistan.
Can this insanity be stopped in the 112th and 113th?
