Wednesday, January 11, 2012

Spending Bills Passed by GOP House Increased Debt $1T in 10 Months | CNSnews.com

Spending Bills Passed by GOP House Increased Debt $1T in 10 Months | CNSnews.com

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CNSNews.com) - Federal spending bills approved by the Republican-controlled House of Representatives have increased the national debt by more than $1 trillion dollars in just 10 months.

Republicans won a majority in the U.S. House of Representatives in the November 2010 elections and took control of the House on Jan. 5, 2011, when the chamber convened and elected Rep. John Boehner (R.-Calif.) as speaker.

But the Republican-controlled House did not gain a veto power over federal spending until March 4, 2011. That was the expiration date of the continuing resolution (CR) that the lame-duck Democrat-controlled Congress approved in December 2010. After March 4, federal spending has been approved by legislation that needed to be approved in the Republican-controlled House.

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