While Democrats hail this Congressional session as a huge success (again, it really depends on how you define “success” doesn’t it?), there’s one “accomplishment” they’ll be trying to ignore. Doug Mataconis gives us the numbers:
According to the United States Treasury, the National Debt on that day was $8,670,596,242,973.04. As of December 24th, it was $13,866,145,290,604.69. That’s $5,195,549,047,631.65 in new deficit spending in over just under four years.
Over 5 trillion dollars. Roll that around on your tongue – 5 trillion in new debt in 4 years. That’s more debt added than any other Congress in the history of our country and more than all of the first 100 combined.
The previous record holding Congress? The 110th at $1.92 trillion, also a Democratic Congress presided over by Pelosi. Oh and remember Ms. Pelosi’s pledge (the other one, not the “most ethical” Congress in history pledge) as she took the office of Speaker of the House?
“After years of historic deficits, this 110th Congress will commit itself to a higher standard: Pay as you go, no new deficit spending,” she said in an address from the speaker’s podium. “Our new America will provide unlimited opportunity for future generations, not burden them with mountains of debt.”
Another in a long line of political lies. And yes, I consider this a lie since Pelosi and gang had absolutely no intention of following that pledge – none. It was a pure and unadulterated falsehood. Two Congressional sessions and 5 trillion dollars later, it’s clear how much of a falsehood it really was.
The cost? Now will cost every man, woman and child in America is on the hook for $44,886.57 each.
Meanwhile Obama, et. al, are touting this as the “Season of Progress”.
Progress toward the poor house maybe.
The GOP better get to work on day one, because we can’t afford the Democrats. They’ve had their run and look at the mountain of debt they’ve accumulated.
Thanks a trillion, Madam Speaker.