CNSNews.com is reporting that under the leadership of House Speaker John Boehner (R.-Ohio), the 112th House of Representatives has thus far approved legislation that has increased the debt of the federal government by $2,176,949,774,695.46—or approximately $18,944 for per American household.
The 112th House of Representatives has achieved this in a little more than 20 months time—and it may not be done yet enacting laws to approve new federal borrowing and spending.
The 112th House came into power on Jan. 5, 2011, electing Rep. John Boehner as its speaker on that day.
The Boehner-led House did not have a direct impact on the fiscal policy of the federal government until March 4, 2011, when a continuing resolution enacted on Dec. 21, 2010 in the lame-duck session of the previous Congress expired.
On March 1, 2011, Boehner and President Barack Obama cut their first short-term federal spending deal. That deal took effect on March 4, 2011. Since then all new borrowing and spending by the federal government has been approved in laws enacted by Boehner’s House consistent with its constitutional power to control the borrowing and spending by the federal government.
At the close of business on March 4, 2011, when the first Boehner-Obama deal took effect, the federal government’s debt was $14,182,627,184,881.03, according to the U.S. Treasury. As of the close of business on Friday, Dec. 14, 2012, the federal government’s debt was $16,359,576,959,576.49.
That is an increase of $2,176,949,774,695.46.
The latest Census Bureau estimate is that as of September there were about 114,916,000 households in the United States. That means the Republican-majority House of Representatives, elected in November 2010 and led by Speaker John Boehner, has increased the federal government’s debt by approximately $18,944 per household.