Posted by
Sue on Wednesday, January 12, 2011 12:51:26 PM
January, 2011
Last Congress Boosted Debt by Record $3.22 Trillion
The federal government ran up more new debt
during the 111th Congress than it did during the first 100 Congresses
combined, according to the U.S. Treasury.
As of Dec. 28, the national debt had risen by
$3.22 trillion during that Democratic-controlled Congress — equal to
more than $10,429 for each person counted in the 2010 Census.
The total debt stood at $13.85 trillion on that date, or about $44,890 for every man, woman, and child in the country.
The new accumulated debt shattered the record set
by the previous 100th Congress, which adjourned on Jan. 4, 2009 — $1.95
trillion.
While Democrats controlled the House and Senate
in both of those Congresses, the two previous, Republican-controlled
Congresses each added more than $1 trillion to the national debt.
The overall federal debt did not reach the $3.22
trillion figure until September 1990, during the 101st Congress, CNSNews
reported.
Since Nancy Pelosi assumed her post as speaker of the House on Jan. 4, 2007, the national debt has ballooned by $5.17 trillion.
Yet during her inaugural address as speaker,
Pelosi had vowed that under the 100th Congress the government would not
burden future generations “with mountains of debt.”
She said: “After years of historic deficits, this
100th Congress will commit itself to a higher standard: Pay as you go,
no new deficit spending.”