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December 28, 2010
$10,429 Per Person (for a total of $3,220,103,625,307.29)
Topics: Political News and commentaries$10,429 per person, for a total of $3.22 trillion ($3,220,103,625,307.29), is the amount that the federal government has accumulated in debt during the tenure of the 111th Congress ... which is more debt than was accumulated during the first 100 Congresses combined.
And that's acording to official debt figures published by the U.S. Treasury.
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.Worthy of note is the fact that, as it pointed out at the link, Democrats controlled both the House and Senate in the 110th and 111th Congresses. And the $3.22 trillion in new debt accumulated during the record-setting 111th Congress is more than three times the $1.054 trillion in new debt accumulated by the last Republican-majority Congress (the 109th) which adjourned on Dec. 8, 2006.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.
Posted by Richard at December 28, 2010 1:37 PM
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