Boehner-Obama Spending Deals Have Increased Debt $3,970,023,503,348.07
October 28, 2015 in News by RBN
The federal debt has increased by $3,970,023,503,348.07 since House Speaker John Boehner cut his first spending deal with President Barack Obama in 2011.
That equals $33,832.64 for every household in the United States.
After the Republicans won a majority of the House of Representatives in the 2010 elections, Boehner was elected speaker in January 2011. At that time, the government was operating under a continuing resolution that expired on March 4, 2011. Before that CR expired, Boehner cut a spending deal that President Obama signed to fund the government after that date.
Ever since March 4, 2011, all federal spending has been authorized by laws that first passed a Republican-controlled House led by Boehner and then were signed by President Obama.
At the close of business on March 4, 2011, the federal debt was $14,182,627,184,881.03, according to the Treasury. At the close of business on Oct. 22, 2015, it was 18,152,650,688,229.10.
From March 4, 2011 through Oct. 22, 2015, the debt increased $3,970,023,503,348.07
As of June, according to the Census Bureau, there were 117,343,000 households in the United States. The $3.97 trillion in new debt that the federal government has accumulated under the spending deals approved by a Boehner-led, Republican-controlled House of Representatives equals $33,832.64 per household.
