Thursday, December 11, 2014

Boehner spending bill deficit tally: $3.8 trillion in the 3.8 years

( – The federal debt has increased by $3.8 trillion in the 3.8 years that have passed since House Speaker John Boehner cut his first spending deal with Senate Democrats and President Obama.
That works out to $32,938.38 for every household in the United States—including those taking federal welfare benefits—and $42,783.20 for every full-time year-round private-sector worker in the United States.
In fact, the $42,783.20 that the federal government has borrowed per full-time year-round private-sector worker since Boehner cut his first federal spending deal exceeds the $41,916 that according to the Census Bureau was median annual earnings of full-time year-round private-sector wage and salary workers in 2013.
Boehner became speaker in January 2011, after the Republicans won a majority of the House of Representatives in the midterm elections of 2010. At that time, the government was operating under a continuing resolution that expired on March 4, 2011. Before that CR expired, Boehner cut a spending deal to fund the government after it expired.
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