Terence P. Jeffrey
October 21, 2013
Since John Boehner became speaker of the U.S. House of Representatives on Jan. 5, 2011, the debt of the federal government has increased by $3,064,063,380,067.72. That is more than the total federal debt accumulated in the first 200 years of the U.S. Congress–during the terms of the first 48 speakers of the House.
It also equals about $26,722 for each of the 114,663,000 households the Census Bureau estimates are now in the United States.
The $26,722 in new debt per household accumulated under Speaker Boehner would have been more than enough to buy every household in the United States a minivan or pickup truck–or to pay three years of in-state tuition (not counting room and board) at the typical state college.
The Republicans won a majority of the House in the November 2010 elections. On Jan. 5, 2011, the new Republican majority elected Rep. John Boehner of Ohio as speaker. At the close of business that day, the federal government’s debt was $14,011,526,727,895.85, according to the U.S. Treasury.
This article was posted: Monday, October 21, 2013 at 5:37 am