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Wednesday, November 16, 2011

Under GOP House, Federal Debt Up $6,766 Per Household

By Rick Pearcey • November 16, 2011, 08:25 AM

Terry Jeffrey writes at CNSNews.com:

Americans who follow the workings of our government -- even if only casually -- presumably know that the Republican Party took control of the U.S. House of Representatives in the November 2010 elections.

Fewer likely know that the Republican-controlled House gained a veto over federal spending on March 4, 2011.

Fewer still may know that from March 4, when the Republican-controlled House gained that veto over spending, through Nov. 14, the national debt increased by $795,257,695,953.36.

That works out to about $6,766 each for what the Census Bureau estimates are 117,538,000 American households.

Jeffrey concludes: "We are as much in need of great leaders today as at anytime in our history. We will not find them among those who now run Congress."