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Thread: 111th Congress Added More Debt Than First 100 Congresses Combined

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    SnakeoilSeller's Avatar
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    111th Congress Added More Debt Than First 100 Congresses Combined

    The federal government has accumulated more new debt--$3.22 trillion ($3,220,103,625,307.29)óduring the tenure of the 111th Congress than it did during the first 100 Congresses combined, according to official debt figures published by the U.S. Treasury.
    That equals $10,429.64 in new debt for each and every one of the 308,745,538 people counted in the United States by the 2010 Census.
    http://www.cnsnews.com/news/article/...debt-first-100
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    spydertl79's Avatar
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    Saving jobs isn't cheap... duh.

    Besides, this country has plenty of room to go before our debt is 100% of our GDP. I can't believe those silly Chinese bond-rating agencies are saying that this government isn't serious about controlling our national debt, what do they know?
    "As scarce as truth is, the supply has always been in excess of the demand."
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    jguig's Avatar
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    Democrat control works out just great. Look where Dems have reigned for decades and see the results. Detroit, Philly, Camden, Newark, ...... need I go on? The debt rises while quality of life plummets. Yet, people believe the BS come election time.
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    I can't see if they've taken it into account, but I'm pretty sure extending the Bush tax cuts for the top bracket is worth $700 billion of that $3.2 trillion.
    Not every human is a manipulative, opportunistic, letch... or at least that's what I'm told.
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    shula_guy's Avatar
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    Quote Originally Posted by JamesBW43 View Post
    I can't see if they've taken it into account, but I'm pretty sure extending the Bush tax cuts for the top bracket is worth $700 billion of that $3.2 trillion.

    Agreed this is Bush's fault.
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    Eshlemon's Avatar
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    Quote Originally Posted by JamesBW43 View Post
    I can't see if they've taken it into account, but I'm pretty sure extending the Bush tax cuts for the top bracket is worth $700 billion of that $3.2 trillion.
    And extending all Bush tax cuts is worth $3.7 trillion of that 3.2 trillion.

    All tax cuts need to expire in 2012 and begin paying for the trillions the Bush/Obama keynesians have spent over the last 4 years trying to resuscitate the economy and cut the 20+ trillion projected debt in 2020.
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    Dogbone34's Avatar
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    the bush tax cuts are a political diversion. the idea of some to feel entitled to other peoples money is pathetic. it's not your money to waste on more feel good government failures.

    fix the real problem, massive federal spending cuts.
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    SnakeoilSeller's Avatar
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    Quote Originally Posted by JamesBW43 View Post
    I can't see if they've taken it into account, but I'm pretty sure extending the Bush tax cuts for the top bracket is worth $700 billion of that $3.2 trillion.
    Please explain to me how keeping our current tax rates increases the debt $700 billion dollars.
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    MDFINFAN's Avatar
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    Quote Originally Posted by jguig View Post
    Democrat control works out just great. Look where Dems have reigned for decades and see the results. Detroit, Philly, Camden, Newark, ...... need I go on? The debt rises while quality of life plummets. Yet, people believe the BS come election time.
    Who's the governor of Cali...FL...they both spend...the national debt when bush took over with a repub control both houses..4 trillion, when he finished..11.?? Trillion...They both spend period
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    Dolphins9954's Avatar
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    The only difference between the Dems and GOP. Is which one will spend this country to oblivion the fastest. Neither side can claim they are for small government, liberty and against debt.





    "Politics is the Art of Looking for Trouble, Finding it Everywhere, Diagnosing it Incorrectly, and Applying the Wrong Remedies"
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