Topic: The fed gov debt increased. | |
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(CNSNews.com) - The federal government’s debt increased by$203,368,715,583.63 in the month of October, according to the U.S. Treasury .
That equals about $650 per person for each of the 312,542,760 people the Census Bureau now estimates live in the United States. At the end of September, the total national debt stood at$14,790,340,328,557.15, according to the Bureau of the Public Debt . By the end of October, it had risen to$14,993,709,044,140.78. The debt increased far more this October than it did last October. Betweenthe last day of September2010 and the last day of October, the debt rose from$13,561,623,030,891.79 to 13,668,825,497,341.36—for an increase of$107,202,466, 449.57. October is the first monthof the federal fiscal year. If the debt were to increase by an average of$203 billion for the remaining 11 months of the year, the national debt would increase by$2.436 trillion for the year. |
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$203,368,715,583.63 lol
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But we want less taxes on those who can pay
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You are absolutely right
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The rich in Congress havecontinued to get richer, according to a new analysis of lawmakers’ net worth by Roll Call .
Three years ago, the collective net worth all representatives and senators was $1.65 billion. By 2010, this amount had increased to more than $2 billion, representing nearly a 25% bump. Roll Call also determined that almost 90% of the increase was enjoyed by the richest 50 members of Congress, who accountfor 80% of the total net worth even though thereare 535 voting members of Congress. Within the Senate, Democrats (the majority party) possess about 80%of the wealth. Meanwhile, House Republicans, who controlthe chamber, command 78% of the riches. The numbers are skewed by the wealth of one Congressman, Michael McCaul (R-Texas), who is worth at least $294 million. Still, the median net worth for members of Congress, $513,000, is four times that of the median American household. The wealth totals are, if anything, on the low sidebecause they “vastly underestimate the actual net worth of Members of Congress because they are based on an accounting system that does not include homes and other non-income-generating property, which is likely to tally hundreds of millions of uncounted dollars,” according to the political magazine. |
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