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

Posted on 12/27/2010 12:14:28 PM PST by Sub-Driver

111th Congress Added More Debt Than First 100 Congresses Combined: $10,429 Per Person in U.S. Monday, December 27, 2010 By Terence P. Jeffrey

(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 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.

(Excerpt) Read more at cnsnews.com ...


TOPICS: Front Page News; Government; Politics/Elections
KEYWORDS: 111th; bankrupt; broke; congress; cultureofcorruption; debt; deficit; democrats; earmarks; kingofthedeficit; marxismishere; mostethicalever; nancypelosi; obamasdeficit; obamasfault; pelosicongress; porkulus; spending; trillions
A remarkable achievement...
1 posted on 12/27/2010 12:14:31 PM PST by Sub-Driver
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To: Sub-Driver

Yep. As Brian Williams said.


2 posted on 12/27/2010 12:16:55 PM PST by ReverendJames (Only A Lawyer And A Painter Can Change Black To White)
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To: Sub-Driver; Revolting cat!

Bush’s fault. < /sarc >


3 posted on 12/27/2010 12:21:21 PM PST by a fool in paradise (The biggest waste of brainpower is to want to change something that's not changeable. -Albert Brooks)
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To: Sub-Driver

>> $10,429 [more] Per Person in U.S.

>> $44,886.57 total debt per person.

It’s much worse than that since only a small percentage of the population will bear that cost. Even if every family shared the tax burden equally with 4 members each, the additional debt would be $42k, the total $180k.

I estimated last year it was somewhere around $165k per family. I was wrong.

This is equivalent to paying for another family’s mortgage besides your own.


4 posted on 12/27/2010 12:25:35 PM PST by Gene Eric (Your Hope has been redistributed. Here's your Change.)
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To: Sub-Driver

If they would leave me alone for the rest of my life, I would write a check for 62,574 for my wife and four children today. What are the chances of them leaving me alone after that????? None of course.


5 posted on 12/27/2010 12:25:36 PM PST by napscoordinator
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To: Sub-Driver

The majority of people can’t see the problem with the debt because, as far as they’re concerned, they won’t be billed for the debt. Somebody else will.


6 posted on 12/27/2010 12:26:02 PM PST by adorno
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To: Sub-Driver


7 posted on 12/27/2010 12:27:23 PM PST by WOBBLY BOB ( "I don't want the majority if we don't stand for something"- Jim Demint)
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


8 posted on 12/27/2010 12:40:04 PM PST by Nachum (The complete Obama list at www.nachumlist.com)
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To: Sub-Driver

Reason enough to abolish this bunch! Strip Congress of its power. NOW!


9 posted on 12/27/2010 12:43:23 PM PST by April Lexington (Study the Constitution so you know what they are taking away!)
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"CHAINS YOU CAN BELIEVE IN"
10 posted on 12/27/2010 12:51:55 PM PST by CounterCounterCulture (RINOs: the CANCER within the G.O.P.)
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To: Sub-Driver


11 posted on 12/27/2010 1:00:14 PM PST by Diogenesis (Si vis pacem, para bellum)
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To: Gene Eric

I think I read several months ago that it was more like $207,000 per actual TAXPAYER.


12 posted on 12/27/2010 1:42:40 PM PST by NEMDF
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To: ReverendJames
Or E.J. Dionne's In Appreciation of a Productive 111th Congress
13 posted on 12/27/2010 2:10:45 PM PST by denydenydeny (Power always thinks it has a great soul and vast views, beyond the comprehension of the weak-Adams)
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To: denydenydeny

Thanks for the link. Interesting read, missed it.


14 posted on 12/27/2010 2:18:22 PM PST by ReverendJames (Only A Lawyer And A Painter Can Change Black To White)
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To: Gene Eric

Sorry I can’t afford it. I will gladly send in my IOU though.


15 posted on 12/27/2010 2:48:29 PM PST by screaminsunshine (Americanism vs Communism)
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To: Sub-Driver
Headlines like this make me so glad that our Republican party establishment picked the guy who doubled the size of my county's sheriff's department in 10 years over the TEA party guy who really knows (and cares about) the Constitution and has some experience with frugal living (having been unemployed before running in the primary, and living on a very small salary from his campaign during the primary).

We really need Republican Congress critters with experience growing government to represent us in the Congress.

My prediction, the 112th Congress will add even more debt than the 111th. This will continue until the debt crisis causes a complete breakdown of our government. We may well be past the point of no return now.

16 posted on 12/27/2010 2:58:32 PM PST by cc2k (I won't vote for someone with "experience" doubling the size of their government agency in 10 years.)
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To: Nachum

ping


17 posted on 12/27/2010 3:02:17 PM PST by dalebert
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To: AdmSmith; Arthur Wildfire! March; Berosus; bigheadfred; ColdOne; Convert from ECUSA; Delacon; ...
Image and video hosting by TinyPic "It's shariah lending, iow, we won't be paying it back. Die, Infidels!"

18 posted on 12/27/2010 7:15:30 PM PST by SunkenCiv (The 2nd Amendment follows right behind the 1st because some people are hard of hearing.)
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To: Sub-Driver

Well healthcare and tax hikes should take a big bite out of the debt and put us solidly on the road to recovery.

/sarc


19 posted on 12/27/2010 7:28:10 PM PST by Tzimisce (It's just another day in Obamaland.)
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To: Sub-Driver

That’s change that I don’t believe in.


20 posted on 12/27/2010 8:31:43 PM PST by Clintonfatigued (Illegal aliens commit crimes that Americans won't commit)
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To: Sub-Driver
They'd put us in the ovens if it was an option. Instead, they just settled for gifting us generational bankruptcy.


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

21 posted on 12/28/2010 1:51:44 PM PST by The Comedian (Government: Saving people from freedom since time immemorial.)
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To: The Comedian
They'd put us in the ovens if it was an option. Instead, they just settled for gifting us generational bankruptcy. His term isn't up yet..........Union Ovens.
22 posted on 12/28/2010 2:26:16 PM PST by ColdOne
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To: onyx; penelopesire; maggief; hoosiermama; SE Mom; jellybean; Fiddlstix; RedMDer; seekthetruth; ...
$10,429 Per Person!!!!

DAMN THEM!!!

THIS PAST NOVEMBER 2ND HAS TO BE REPEATED OVER AND OVER AND OVER AND OVER AGAIN, UNTIL THEY ALL FINALLY GET IT!!


23 posted on 12/28/2010 8:08:41 PM PST by STARWISE (The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
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To: The Comedian

With all this global cooling and food inflation we may have to burn you for fuel and eat the ashes (in some sort of paste like oatmeal I imagine).


24 posted on 12/28/2010 8:10:20 PM PST by 1010RD (First Do No Harm)
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To: STARWISE

This bunch we just elected had BETTER get it and reverse it,
or their butts will be history in the next go-’round! This
is obscene!


25 posted on 12/28/2010 8:18:06 PM PST by LUV W (Whenever Obama wins (and humiliates us!), America loses. No compromises...take our country back!)
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To: STARWISE

I think it’s more like 4 x that altogether. Throw the Corrupt Bastards OUT!


26 posted on 12/28/2010 8:21:55 PM PST by RedMDer (Forward with Confidence!)
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To: STARWISE

HOLY SH*T!!! That is just mind boggling! :(


27 posted on 12/28/2010 8:25:03 PM PST by mojitojoe (In itÂ’s 1400 years of existence, Islam has 2 main accomplishments, psychotic violence and goat curr)
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To: STARWISE

Thanks for the ping. I agree with you damn them. I hope there is someone keeping a list of all the things this Congress and Obama have done and God help maybe they can reverse it or stop it somehow.


28 posted on 12/28/2010 9:22:59 PM PST by Katarina (God bless ElRushbo and Mark Levin! Prayers for our troops!)
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To: STARWISE

I REFUSE TO PAY!


29 posted on 12/28/2010 10:44:05 PM PST by onyx (If you truly support Sarah Palin and want on her busy ping list, let me know!)
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To: STARWISE
Actually, the states need to use their political power to restructure the fedgov so it can't bankrupt us in the future. The FDR era is still alive and well and is bankrupting our nation. Leadership at the Governor level is crucial. Will the wimps have the fuzzies to save the nation? We'll see. It would be better than the inevitable alternative...
30 posted on 12/29/2010 6:06:13 AM PST by April Lexington (Study the Constitution so you know what they are taking away!)
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