Skip to comments.Spending Bills Passed by GOP House Increased Debt $1 Trillion in 10 Months
Posted on 01/11/2012 5:54:58 PM PST by tsowellfan
(CNSNews.com) - Federal spending bills approved by the Republican-controlled House of Representatives have increased the national debt by more than $1 trillion dollars in just 10 months.
Republicans won a majority in the U.S. House of Representatives in the November 2010 elections and took control of the House on Jan. 5, 2011, when the chamber convened and elected Rep. John Boehner (R.-Ohio) as speaker.
But the Republican-controlled House did not gain a veto power over federal spending until March 4, 2011. That was the expiration date of the continuing resolution (CR) that the lame-duck Democrat-controlled Congress approved in December 2010. After March 4, federal spending has been approved by legislation that needed to be approved in the Republican-controlled House.
On March 1, 2011, the Republican-controlled House passed its first CR to fund the government after March 4. Since then, it has approved a series of CRs to keep the government funded. The Republican House approved its latest CR on December 16. It will keep the government funded until the end of fiscal 2012 on Sept. 30.
Eighty-six House Republicans went against their party leaders and voted against the Dec. 16 CR, which actually garnered more votes from House Democrats (149) than House Republicans (147).
When the Republican-controlled House approved its first CR on March 4, 2011, the national debt was 14,182,627,184,881.03, according to the U.S. Treasury. As of the close of business on Jan. 9, 2012, the national debt was 15,236,506,139,986.86.
That means the debt increased by $1.05 trillion over the past ten months.
That equals approximately $8,964 for each of the 117,572,000 American households estimated by the Census Bureau.
At the current rate, the Republican-controlled House is agreeing to allow the U.S. Treasury to borrow approximately an additional $896 per month American household per month.
Article 1, Section 9 of the Constitution says: "No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law." Article 1, Section 7 says that every bill shall have passed the House of Representatives and the Senate
before it become a Law.
John Boehner MUST go!
Tea Party Member Challenges John Boehner in 2012
The conservative states must unite and defend their citizens from the communist run DC liars, thieves, fools and depraved politicians who destroy America both morally and fiscally every day.
DC needs to be flushed away, disbanded and destroyed never to rise again. Federal government is an evil institution of scum and criminals.
If the US debt goes up by $1T every 10 months, and if drastic, painful, politicially suicidal budget cuts of $1T are implemented and spaced out over the next 10 years, then what will our debt be in 2022?
“John Boehner MUST go!”
I agree. Can one imagine Mitt as President, with Boehner the Speaker of the House and McConnell in charge of the Senate. It would be a RINOfest.
The House holds the purse strings. This will leave a mark and is what Crybaby Boehner SHOULD be crying about.
Where's Boehner's pink slip? Never mind...it's Bush's fault that our debt is so high./s
You said it kindred......you said it! May I pull the trigger?..(the toilet trigger that is):). There’s a few people up there that are so outnumbered their desire to straighten things out is a lost cause. :(
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Do you mean the tea party clowns that said, if elected, they would stop the spending and get the debt under control???
They are all worthless. The Tea Party is a joke.
So put your money where your mouth is. Medicare, Social Security, Defense, Unemployment.
Which of these programs are you prepared to completely zero out?
Because that’s what it’s going to take. And the problem is only going to get worse as we go along.
This is why I’m favorable to Ron Paul, he’s the only one that seems to grasp the depth of the problem. Not that I’m pushing him on this thread. Just pointing out that most of the GOP, including Freepers, seem to have their head in the sand about the gravity of the problem.
To balance the budget, we will need to completely zero out two or three entitlements and/or cut defense spending down to Pre WWII levels. Nothing else will do.