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All Da King's Men

Economic Lunacy - Part III

By Da King Published: December 28, 2010

We've heard the word 'radical' tossed around a lot by the mainstream media the last couple years, usually in the context of 'those radical Tea Partiers.' Mmm-hmm.

Well, here's what is radical to me. From CNSNews.com:

The federal government has accumulated more new debt--$3.22 trillion ($3,220,103,625,307.29)—during the tenure of the 111th Congress than it did during the first 100 Congresses combined, according to official debt figures published by the U.S. Treasury.

That equals $10,429.64 in new debt for each and every one of the 308,745,538 people counted in the United States by the 2010 Census.

The total national debt of $13,858,529,371,601.09 (or $13.859 trillion), as recorded by the U.S. Treasury at the close of business on Dec. 22, now equals $44,886.57 for every man, woman and child in the United States.

In fact, the 111th Congress not only has set the record as the most debt-accumulating Congress in U.S. history, but also has out-stripped its nearest competitor, the 110th, by an astounding $1.262 trillion in new debt.

During the 110th Congress—which, according to the Clerk of the House, officially convened on Jan. 4, 2007 and adjourned on Jan. 4, 2009--the national debt increased $1.957 trillion. When that Congress adjourned less than two years ago, it claimed the record as the most debt-accumulating Congress in U.S. history. As it turned out, however, its record did not last long.

The $3.22 trillion in new federal debt run up during the 111th Congress exceeds by 64 percent the $1.957 trillion in new debt run up during the 110th.

Democrats controlled both the House and Senate in the 110th and 111th Congresses.

Let me get out my calculator. In the last two Congresses, both houses of which were led by Democrats, the country has accumulated...click, click, click....over $5.177 TRILLION in new debt.

And liberals keep telling me the $70 billion per year in lost revenue from the Bush tax cuts for the rich is the problem. What kidders they are. Either that, or they're all clinically insane.

Meanwhile, I keep hearing from the mainstream media how President Obama is a 'centrist.'

If this is centrism, I'd sure hate to see what radical looks like.

Now for a word from Nancy Pelosi (D-CA), who said the following during her 2007 Speaker Of The House inaugural address: "After years of historic deficits, this 110th Congress will commit itself to a higher standard: Pay as you go, no new deficit spending. Our new America will provide unlimited opportunity for future generations, not burden them with mountains of debt."

Super job, Pelosi. Just super. Near the end of the Democrats' reign of fiscal terror, Pelosi spoke last week about the great accomplishments of Congress during her tenure as Speaker. "I'm very, very proud of the work that was accomplished by this Congress," said San Fran Nan.

Pelosi is "proud" of what the last two Congresses have done. That's not the word that comes to my mind to describe this clusterf*ck of clueless morons we've called a Congress, but, you know, I'm probably just one of those radical Tea Party types. The centrists are the ones who have accumulated $5.177 TRILLION in new debt in four freaking years. Keep telling us how centrist Obama and the Dems are until we believe it, mainstream media, just like Big Brother's apparatchiks "convinced" Winston Smith to love Big Brother in Orwell's novel, 1984. A few of us are even dumb enough to believe you.

Exit question - Does anyone remember Congress paying down even $1 trillion in debt, let alone the $14 trillion we're rapidly approaching ??? You probably don't, because it has never happened. Ever.

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