Terence P. Jeffrey
December 12, 2013
The new debt run up by the federal government since House Speaker John Boehner cut his first spending deal with President Barack Obama has now topped $3 trillion—exceeding all the debt accumulated under all American presidents from George Washington through Ronald Reagan.
Boehner became speaker in January 2011, after the Republicans won a majority of the House of Representatives in the 2010 elections. He cut his first spending deal with President Barack Obama on March 1, 2011, and that deal took effect after March 4, 2011 when the continuing resolution then funding the government expired. Since then, the federal government has been funded under legislation approved by the Republican-controlled House that Boehner leads.
At the close of business on March 4, 2011, the federal debt was $14,182,627,184,881.03, according to the U.S. Treasury. As of the close of business on Dec. 10, 2013, it was $17,234,005,998,603.93.
That means that under federal spending deals negotiated during Boehner’s speakership and approved by a Republican-majority House that Boehner leads, the federal debt has increased $3,051,378,813,722.90.
This article was posted: Thursday, December 12, 2013 at 6:24 am