The final Speaker Pelosi FAIL-amassed more debt than the first 49 speakers combined.

[(R)IGHTeous 1]

Should be treasonous. Obviously suicidal. Then again, this socialist sow is just following suit after her Congress did the same thing with the national deficit.

Final Tab for Pelosi’s Speakership: $5.34 Trillion in New Debt—Or $3.66 Billion Per Day

In the 1,461 days that Rep. Nancy Pelosi (D.-Calif.) served as speaker of the House, the national debt increased by a total of $5.343 trillion ($5,343,452,800,321.37) or $3.66 billion per day ($3.657,394,113.84), according to official debt numbers published by the U.S. Treasury.

Pelosi was the 52nd speaker of the House. During her tenure, she amassed more debt than the first 49 speakers combined.

Final Tab for Pelosi?s Speakership: $5.34 Trillion in New Debt?Or $3.66 Billion Per Day | CNSnews.com

 

[waltky]

Uncle Ferd says purt soon we gonna have to start handin' out IOU's to the Chinese...

Federal Debt Jumped Another $63.7 Billion in February—Even as Treasury Drained $158.5 Billion From Its Cash Reserves
Tuesday, March 01, 2011 - The net national debt increased by $63.7 billion in February—hitting $14.195 trillion ($14,194,764,339,462.64) at the end of the month--even as the Obama administration began draining the Treasury’s cash reserves in order to keep federal borrowing down and push back the date when the government will hit the statutory debt limit.

At the close of business on Jan. 31, the total federal debt stood at $14.131 trillion ($14,131,051,056,010.84), according to the Treasury Department’s Bureau of the Public Debt. At the close of business on Feb. 28, it stood at $14.195 trillion ($14,194,764,339,462.64), an increase of $63.713 billion ($63,713,283,451.80) in new debt that was accumulated during the shortest month of the year.

To save the government from having to borrow even more money in February, the Treasury significantly diminished the balance in its cash accounts, according to the department’s Daily Treasury Report released today. At the beginning of the month, Treasury’s cash balances equaled $349.1 billion. At the end of the month, they were down to $190.6 billion—a drop of $158.5 billion.

In January, the federal debt had increased by $105.8 billion, according to the Treasury, but in that month the Treasury did not drain its cash reserves. In fact, it marginally increased them. At the beginning of January, according to Daily Treasury Report for Jan. 31, the Treasury's cash balance stood at $342.7 billion and at the end of January it stood at $349.1 billion.

In October, at the beginning of fiscal year 2011, according to the Daily Treasury Report, the government's cash balance was $309.8 billion. As of now, federal law limits the Treasury to $14.294 trillion in debt. (N.b. A very small portion of the total of $14.195 trillion in debt reported as of today does not apply to this debt limit.) For the Treasury to borrow more than the debt limit of $14.294 trillion, Congress must pass, and President Barack Obama must sign, legislation extending the limit.

Currently, Congress is busy working to enact legislation—a continuing resolution--to keep the government funded for two more weeks after March 4. When that continuing resolution expires, Congress will need to enact another one to keep the government funded through Sept. 30, when fiscal 2011 ends. According to the Office of Management and Budget, the federal government is on track to spend about $3.818 trillion in this fiscal year, running a deficit of deficit of $1.645 trillion.

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