[CNS]: 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....
......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."
Answer by tnmomofive at 6:22 PM on Dec. 28, 2010
Answer by Farmlady09 at 8:09 PM on Dec. 28, 2010
Answer by bjojola at 6:19 PM on Dec. 28, 2010
Mortified at this grotesque spending.
Answer by QuinnMae at 6:41 PM on Dec. 28, 2010
Answer by elasmimi at 6:19 PM on Dec. 28, 2010
Answer by LoriKeet at 6:46 PM on Dec. 28, 2010
Answer by miasmommy21407 at 6:51 PM on Dec. 28, 2010
Answer by gammie at 8:51 PM on Dec. 28, 2010
Answer by jewjewbee at 7:12 AM on Dec. 29, 2010
Answer by letstalk747 at 6:21 PM on Dec. 28, 2010
Next question overall
Does anyone else have recurrent bacterial infections?