Here’s a startling deficit factoid from today’s edition of Hawaii Free Press you didn’t want to hear:
“The federal government has accumulated more new debt-$3.22 trillion ($3,220,103,625,307.29) during the tenure of the 111th Congress (the group who just finished under the leadership of Harry Reid and Nancy Pelosi), than it did during the first 100 Congresses combined, according to official debt figures published by the U.S Treasury.”
Here’ the little fib Nancy told:
Unfortunately during here tenure the federal government has run up a shopping $5.177 trillion in new debt. (again courtesy of Hawaii Free Press).
The incoming Congress is planning on countering the PAYGO scheme (which the House leaders promptly exempted every spending bill from as emergency spending) with the CUTGO project. I don’t hold much hope, but we’ll see won’t we?
Remember it’s our job in these next 2 years to make the Republicans do what they said before they got elected or re-elected. Burn baby burn, the fire could get hot!