December 12, 2014

Boehner’s Spending Deals Have Increased Debt $3.8T in 3.8 Years

The federal debt has increased by $3.8 trillion in the 3.8 years that have passed since House Speaker John Boehner cut his first spending deal with Senate Democrats and President Obama.

That works out to $32,938.38 for every household in the United States—including those taking federal welfare benefits—and $42,783.20 for every full-time year-round private-sector worker in the United States.

In fact, the $42,783.20 that the federal government has borrowed per full-time year-round private-sector worker since Boehner cut his first federal spending deal exceeds the $41,916 that according to the Census Bureau was the median annual earnings of full-time year-round private-sector wage and salary workers in 2013. More

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