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  • Name: Rep. John J. Duncan, Jr.
  • Location: Knoxville, TN
  • Web: duncan.house.gov/
  • Bio: I have proudly represented the 2nd Congressional District of Tennessee since 1988, devoting my career to advocating smaller government and fiscal responsibility.
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Rep. John J. Duncan, Jr.'s Recent Activity

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$6,000 of More Debt for Every American

Amplify’d from www.nytimes.com
The House voted Thursday to allow the government to go $1.9 trillion deeper in debt, an increase of about $6,000 for every United States resident.
The accumulated debt already amounts to roughly $40,000 per person.
The debt increase, approved 217 to 212, is only enough to keep the government afloat for about another year as it borrows more than 40 cents of every dollar it spends.
Thirty-seven Democrats, mostly from Republican-leaning districts, voted against the measure. So did all RepublicansRead more at www.nytimes.com
 

Debt Limit Rises

Our real National debt - when you factor in future unfunded pension liabilities - is over $50 trillion. That’s around $200,000 for every man, woman, and child.

Amplify’d from www.cbsnews.com
The Debt Limit has been raised about a hundred times since 1940, when it was $49 billion - about five days worth of federal spending now.
Read more at www.cbsnews.com
 

Ballooning Debt Nears Crisis Level

Amplify’d from www.reuters.com

The national debt currently accounts for 53 percent of GDP, up from 41 percent a year ago. That’s likely to rise to 85 percent of GDP by 2018 and 200 percent of GDP by 2038 unless dramatic changes are made, the commission said.

The U.S. government must craft a plan next year to get its ballooning debt under control or face possible panic in financial markets, a bipartisan panel of budget experts said in a report on MondayRead more at www.reuters.com
 

Stimulus Spin

Amplify’d from www.investors.com

The administration’s claims come in the face of continued heavy job losses — 2.7 million since President Obama signed the stimulus into law. Unemployment has climbed to 9.8%, a 26-year high. That’s well above what his economists predicted would happen if the stimulus bill wasn’t enacted.

Read more at www.investors.com