New Debt

Discussion in 'Politics' started by Salty, Dec 27, 2010.

  1. Salty

    Salty
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    Here is the debt breakdown

    111th Congress Added More Debt Than First 100 Congresses Combined: $10,429 Per Person in U.S.
    Monday, December 27, 2010

    Between the first Congress, which adjourned in 1791 leaving behind approximately $75 million in debt, and the convening of the 101st Congress, which occurred on Jan. 3, 1989, the national debt grew to $2.684 trillion.
    During the Rep. Nancy Pelosi’s (D-Calif.) tenure as speaker, which commenced on Jan. 4, 2007, the federal government has run up $5.177 trillion in new debt. That is about equal to the total debt the federal government accumulated in the first 120 years of the nation's existence, with the federal debt rising from $5.173 trillion on July 24, 1996 to $5.181 trillion on July 24, 1996.

    For the full story click here:


    Just one question - that 75 million in 1791- was that 2010 dollars are 1791 dollars - if it was 1701 $, then you need to multipli by about 21.
     
    #1 Salty, Dec 27, 2010
    Last edited by a moderator: Dec 27, 2010

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