House Speaker John Boehner’s 112th House of Representatives has in just 20 months approved legislation that has increased the National debt by $2,176,949,774,695.46.
Boehner and his group of lawmakers have raised every American household’s share of the debt by $18, 944, according to a recent article in CNS.
From the article:
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.
Meanwhile, Boehner is working to pass a bill that would raise taxes on millionaires but extend tax cuts for everyone else. He said that if the President rejects the plan, the largest tax increase in American history will take place.
“The President will have a decision to make. He can call on the Senate Democrats to pass our bill, or he can be responsible for the largest tax increase in American history,” Boehner told reporters yesterday.
To the dismay of many conservatives who believed the GOP would hold strong to fiscally conservative ideals in the fiscal cliff debate, the plan Boehner is pushing is one originally proposed by House Minority Leader Nancy Pelosi.