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Tuesday, December 28, 2010

Legacy of the 111th Congress: More New Debt than First 100 Congresses Combined!

111th Congress added $10,429 Per Person in U.S.

$3.22 TRILLION in debt! What an end of the year gift! Thanks, Democrats (and RINO Republicans).

CNSNews.com writes:
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.

Although the 111th Congress cast its last vote on Dec. 22, it will not officially adjourn until next week.
Democrats controlled both the House and Senate in the 110th and 111th Congresses.

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