"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Thursday, January 10, 2019

GOP House Increased Debt $7.9 Trillion

The "Republican" Party Does Not Exist

  • The "Conservative" GOP died long, long ago. Republicans in Congress are really Radical New Deal Leftists who never met a big government program they did not want to protect, fully fund or expand.
  • The corpse of GOP "Conservatism" still twitches at times with the occasional tax cut. But the party has to be dragged to the Conservative promised land by outsiders like Ronald Reagan and Donald Trump. 
  • Left in their "natural state" the GOP reverts to their love affair with Big Government.

(CNS News)  -  The recently deposed Republican majority increased the federal debt by $7.9 trillion in the eight years it controlled the House of Representatives.
At the close of business on Jan. 4, 2011, the day before the Republicans took control of the House, the debt was $14,014,049,043,294.41, according to the Treasury.
On Jan. 3, 2019, the last day before the Republicans turned control of the House back to the Democrats, the debt closed at $21,929,258,046,653.58.
So, under the Republican House majorities in four Congresses, the debt climbed $7,915,209,003,359.17.
That works out to approximately $989,401,125,420 per year, or $2,710,688,015 per day, or $112,945,334 per hour, or $1,882,422 per minute.

In fact, under the Republican-controlled House, the federal debt increased at an average rate of $31,374 per second.
Some Republicans may claim they should not be blamed for the massive increase in the federal debt during the eight years they controlled the House. They may say: "For four of those eight years, the Democrats controlled the Senate." Or: "For six of those eight years, Barack Obama was president."
But the Constitution says, "No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law."
And no law may be enacted unless it passes the House.
A Republican-majority House approved every one of the federal spending laws enacted over the past eight years.
Not only that, but all of the spending laws enacted since Jan. 20, 2017, when President Donald Trump was inaugurated, have been approved by a Republican-majority House, a Republican-majority Senate and a Republican president.
How did Republicans do in controlling the debt during that limited time when they held all three elected branches of the federal government?
The Republicans controlled the House, Senate and White House for a span of 714 days, which equals 102 weeks — or just two weeks short of two full years.

At the close of business on Jan. 19, 2017, the day before Trump was inaugurated, the debt was $19,944,429,217,106.77. And again, at the close of business on Jan. 3, 2019, the last day the Republicans controlled the House, the debt was $21,929,258,046,653.58. During that 102-week Republican reign, the debt climbed $1,984,828,829,546.81.
That means that under the all-Republican government, the debt rose approximately $19,459,106,172 per week, or $2,779,872,310 per day, or $115,828,013 per hour, or $1,930,467 per minute, or $32,174 per second.
That $32,714-per-second increase in the debt under the all-Republican government that reigned from Trump's inauguration until last week exceeds the $31,374-per-second increase in the debt the nation saw over the entire eight-year span of the Republican-majority House.
Some liberal critics of the Republicans might argue that the reason the debt increased so rapidly when the Republicans controlled the House is not because Congress spent too much but because it taxed too little.
They would be wrong.
In fiscal 2011, the year the Republican majority took control of the House, the federal government collected $2,561,779,260,000 in total taxes (in constant September 2018 dollars). In fiscal 2018, the last full fiscal year when the Republicans controlled the House, the federal government collected $3,328,745,000,000 (in constant September 2018 dollars).
Under the Republican-majority House, real federal tax revenues increased by $766,965,740,000 — or 29.9 percent.
Individual income taxes alone hit $1,683,537,000,000 in fiscal 2018 — an all-time record for the United States.
Yet even though real federal tax revenues climbed by 29.9 percent over the last eight fiscal years, and even though individual income taxes hit a record high, the government did not collect enough in taxes to pay for the government's spending.
The federal debt did not climb by nearly a trillion dollars a year under a Republican-controlled House because the government did not tax enough. It climbed because the government spent too much.
Read More . . . .

The bought and paid for GOP is frightened of Trump because he is NOT bought and paid for.

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