Peter1469
01-09-2019, 10:39 AM
Republican House Increased Debt $7.9 Trillion in 8 Years (https://www.cnsnews.com/commentary/terence-p-jeffrey/republican-house-increased-debt-79-trillion-8-years)
An illustration of why I left the GOP (2006). They spend like drunken Dems.
The recently deposed Republican majority increased the federal debt by $7.9 trillion in the eight years it controlled the House of Representatives.At the close of business on Jan. 4, 2011, the day before the Republicans took control of the House, the debt was $14,014,049,043,294.41, according to the Treasury (https://www.treasurydirect.gov/NP/debt/current).
On Jan. 3, 2019, the last day before the Republicans turned control of the House back to the Democrats, the debt closed at $21,929,258,046,653.58.
So, under the Republican House majorities in four Congresses, the debt climbed $7,915,209,003,359.17.
That works out to approximately $989,401,125,420 per year, or $2,710,688,015 per day, or $112,945,334 per hour, or $1,882,422 per minute.
In fact, under the Republican-controlled House, the federal debt increased at an average rate of $31,374 per second.
Some Republicans may claim they should not be blamed for the massive increase in the federal debt during the eight years they controlled the House. They may say: "For four of those eight years, the Democrats controlled the Senate." Or: "For six of those eight years, Barack Obama was president."
But the Constitution says, "No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law."
And no law may be enacted unless it passes the House.
An illustration of why I left the GOP (2006). They spend like drunken Dems.
The recently deposed Republican majority increased the federal debt by $7.9 trillion in the eight years it controlled the House of Representatives.At the close of business on Jan. 4, 2011, the day before the Republicans took control of the House, the debt was $14,014,049,043,294.41, according to the Treasury (https://www.treasurydirect.gov/NP/debt/current).
On Jan. 3, 2019, the last day before the Republicans turned control of the House back to the Democrats, the debt closed at $21,929,258,046,653.58.
So, under the Republican House majorities in four Congresses, the debt climbed $7,915,209,003,359.17.
That works out to approximately $989,401,125,420 per year, or $2,710,688,015 per day, or $112,945,334 per hour, or $1,882,422 per minute.
In fact, under the Republican-controlled House, the federal debt increased at an average rate of $31,374 per second.
Some Republicans may claim they should not be blamed for the massive increase in the federal debt during the eight years they controlled the House. They may say: "For four of those eight years, the Democrats controlled the Senate." Or: "For six of those eight years, Barack Obama was president."
But the Constitution says, "No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law."
And no law may be enacted unless it passes the House.