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View Full Version : Republican House Increased Debt $7.9 Trillion in 8 Years



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.

Chris
01-09-2019, 10:45 AM
It's deplorable, the spending.

So I trot out my usual quote from O'Rourke: "The Democrats are the party that says government will make you smarter, taller, richer, and remove the crabgrass on your lawn. The Republicans are the party that says government doesn't work and then they get elected and prove it."

Common
01-09-2019, 10:52 AM
The republicans deserved to lose the house, the house was worthless, Paul Ryan was worthless, they couldnt pass squat and they were gutless

nathanbforrest45
01-09-2019, 10:56 AM
Everybody wants to cut spending. On your projects but not on theirs.

As long as there is an income tax and a way to blame the spending on someone else it will never decrease.

Cthulhu
01-09-2019, 11:09 AM
Last I checked the government was still shutdown.

I see no evidence this is true. They still take money. And they still spend money.

Sent from my evil cell phone.

Peter1469
01-09-2019, 11:22 AM
Last I checked the government was still shutdown.

I see no evidence this is true. They still take money. And they still spend money.

Sent from my evil cell phone.

It is a partial shutdown.

Cthulhu
01-09-2019, 11:25 AM
It is a partial shutdown.Bummer.

Sent from my evil cell phone.

Kalkin
01-09-2019, 12:52 PM
The real problem is federal gov overspending, regardless of which political party in charge. Politicians go in wealthy, run up the debt, and leave exponentially wealthier, with lifetime benefits.