POSTED: Tuesday, December 28, 2010 - 6:57pm
UPDATED: Tuesday, January 4, 2011 - 5:02pm
Thank you 111th Congress. You will go down in history.
According to CNS News, you spend more money than the first 110 combined. The Treasure Department says you spent more than $3 trillion. The total debt now owed by every man, woman, boy and girl in America is about $45,000.
The $3.22 trillion in new federal debt run up by Congress exceeds by 64% the $1.957 trillion in new debt run up during the 110th Congress.
Of course both sides like to spend money, especially in their districts. But this latest biggest spending was done when Democrats ran the House and the Senate.
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.
As some have said- the pay as you go Congress turns into the we pay as they go Congress.
And some still think it's all forgotten by 2012.