Under the leadership of House Speaker John Boehner (R.-Ohio), the 112th House of Representatives has thus far approved legislation that has increased the debt of the federal government by $2,176,949,774,695.46—or approximately $18,944 for per American household.
The 112th House of Representatives has achieved this in a little more than 20 months time—and it may not be done yet enacting laws to approve new federal borrowing and spending.
The 112th House came into power on Jan. 5, 2011, electing Rep. John Boehner as its speaker on that day.
The Boehner-led House did not have a direct impact on the fiscal policy of the federal government until March 4, 2011, when a continuing resolution enacted on Dec. 21, 2010 in the lame-duck session of the previous Congress expired.
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