Monday, July 20, 2009

Our Federal Debt

I think that Congress likes it when we complain about Bush did this and Obama does that. It helps keep people's eyes off of the ball. Our Constitution gives so much power to the Congress. It is our legislative branch. It controls the budget. All revenue measures are required to start in the House of Representatives. All of the Executive Departments were formed and regulated by Congress. Except maybe the State and Defense departments but even they are controlled by the Congressional budgeting.
We are nearing a threshold. In the 6 years of having a Republican President and a Republican controlled Congress, we added $3,018 billion to our national debt. In the 2.5 years of having a Democrat controlled Congress, we added $2,918 to our debt. At the current rate, it will take about 3 total years, or 6 more months, for the Democrat controlled Congress to add more debt than the previous 12 years that there was a Republican controlled Congress. In 12 years of Republican control, $3,880 billion was added to the national debt.

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