111th congress added more debt than first 100 congresses combined

On January 3rd the 111th congress will officially become history. The Wicked Witch of the West will cede the Speaker’s gavel to John Boehner and a republican majority will take control of the House of Representatives. According to this article, the 111th congress wasn’t exactly frugal – it added more new debt than the first 100 congresses combined.

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.

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.

The $3.22 trillion in new federal debt run up during the 111th Congress exceeds by 64 percent the $1.957 trillion in new debt run up during the 110th.

Historically, according to the U.S. Treasury, the federal debt did not reach $3.22 trillion until September 1990, during the 101st Congress. Between the first Congress, which adjourned in 1791 leaving behind approximately $75 million in debt, and the convening of the 101st Congress, which occurred on Jan. 3, 1989, the national debt grew to $2.684 trillion.

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 120 years of the nation’s existence, with the federal debt rising from $5.173 trillion on July 24, 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.

Not only did this hideous congress spend us deeper into the poorhouse, but they were responsible for some of the worst legislation ever foisted upon the beleaguered citizenry. Here are just some of the more devastating:

They also extended unemployment benefits at least 3 times (to 99 weeks) which has caused 41 states to borrow billions to cover their unemployment obligations. All this “work” and they couldn’t even pass a budget (more here).

And while the state-run media tries to spin this as a good thing (example here), public approval of this congress sunk to historically low levels (more here).

All I can say is good riddance…

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