CNS News – by Terrence P. Jeffrey
The federal debt has increased by $3.8 trillion in the 3.8 years that have passed since House Speaker John Boehner cut his first spending deal with Senate Democrats and President Obama.
That works out to $32,938.38 for every household in the United States—including those taking federal welfare benefits—and $42,783.20 for every full-time year-round private-sector worker in the United States.
In fact, the $42,783.20 that the federal government has borrowed per full-time year-round private-sector worker since Boehner cut his first federal spending deal exceeds the $41,916 that according to the Census Bureau was the median annual earnings of full-time year-round private-sector wage and salary workers in 2013.
Boehner became speaker in January 2011, after the Republicans won a majority of the House of Representatives in the midterm elections of 2010. At that time, the government was operating under a continuing resolution that expired on March 4, 2011. Before that CR expired, Boehner cut a spending deal to fund the government after it expired.
Ever since March 4, 2011, all federal spending has been authorized by laws passed by the Republican-controlled House that Boehner leads.
At the close of business on March 4, 2011, the federal debt was $14,182,627,184,881.03, according to the Treasury. At the close of business on Dec. 9, 2014, it was $17,997,912,502,715.74.
From March 11, 2011 through Dec. 9, 2014, the debt increased $3,815,285,317,834.71.
1,376 days—or 3.8 years—transpired between March 4, 2011 and Dec. 11, 2014.
The $3.8 trillion in new debt that the federal government has accumulated under the spending deals approved by a Republican-controlled House of Representatives over the past 3.8 years equals $2,772,736,422.84 in new debt per day.
It also equals $32,938.38 in new debt for each of the 115,831,000 households the Census Bureau says were in the United States as of September, and $42,783.29 for each of the 89,177,000 full-time year-round private-sector workers that the Census Bureau says were in the United States in 2013.
It ain’t my debt, brother. Nobody asked me if I wanted to bear that burden. What they mean is that they’re going to saddle me and you with the banker’s debts. Elections of Rsand Ds isn’t going to fix it either. There’s onlyne way out of this mess and we all know what that is.