When the Democrats regained control of Congress on January 4, 2007, the national debt was $8,670,596,242,973.04 — that’s $8.67 trillion.
In the two years Pelosi and the Democrats have been in charge, the national debt has grown to $10,699,804,864,612.13 — that’s $10.70 trillion.
Since Pelosi and the Democrats regained control of Congress $2,029,208,621,639.09, or $2.03 trillion, has been added to the national debt. That is a 23% increase in two years the Democrats have controlled Congress.
The Democrat controlled Congress gets the credit for the soaring national debt because under the Constitution Congress controls the purse strings:
Article I, Section. 8.
The Congress shall have power to lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general welfare of the United States; but all duties, imposts and excises shall be uniform throughout the United States;
To borrow money on the credit of the United States;
Be sure to thank your Congress critters for a job well done — a 23% increase in two years.
Just Wait until Congress adds Obama’s $800 billion bailout boondoggle to our $10.70 trillion national debt.