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"Since 1980, the debt ceiling has been raised 39 times. It was raised 17 times under Ronald Reagan, four times under Bill Clinton and seven times under George W. Bush. Congress is currently in a contentious debate with the White House on whether to raise the ceiling by the Aug. 2 deadline, which would make the fourth raise under Obama."
What do you mean and? Conservatives are acting like Obama's doing something new..You know how conservatives hate new. There lord Reagan made it a hobby to raise the debt ceilling.
Not really, Obama has increased the debt by 30% in 2 years. That is unique and has alarmed many folks. I don't think it is unreasonable to say we have to stop raising the debt ceiling and get our financial house in order. If we are going to continue to blow out the budget(which the Dems haven't submitted in 2 years) then why have a debt ceiling at all?
What do you mean and? Conservatives are acting like Obama's doing something new..You know how conservatives hate new. There lord Reagan made it a hobby to raise the debt ceilling.
What the hell are you talking about "acting like Obama's doing something new"?
Not really, Obama has increased the debt by 30% in 2 years. That is unique and has alarmed many folks. I don't think it is unreasonable to say we have to stop raising the debt ceiling and get our financial house in order. If we are going to continue to blow out the budget(which the Dems haven't submitted in 2 years) then why have a debt ceiling at all?
The debt doubled under Reagan and it didn't matter then.
Quote:
Originally Posted by shorebaby
Do you think there Is any time to say enough? Why not now?
Because it would cause a disaster..I don't care for disasters.
What do you mean and? Conservatives are acting like Obama's doing something new..You know how conservatives hate new. There lord Reagan made it a hobby to raise the debt ceilling.
I thought "and" was clear enough, but obviously not. Obama has raised the debt ceiling more in 2 years, then ALL presidents combined up to, and including Bush 1. I can increase debt limit DAILY without impact if I increase my revenues to co-inside with it..
Quote:
Originally Posted by Frozenyo
The debt doubled under Reagan and it didn't matter then.
Wow, you got ONE thing correct.. It DIDNT matter then because debt is meaningless IF the debt you create increases revenues. Is Obamas debt, increasing revenues? Clearly the answer is NO!!
Also intersetingly enough, we've had republican presidents for about 20 of the last 30 years but all the debt magically belongs to Dems? Why haven't the so called conservatives trimmed the debt while holding power for so long.
Also intersetingly enough, we've had republican presidents for about 20 of the last 30 years but all the debt magically belongs to Dems? Why haven't the so called conservatives trimmed the debt while holding power for so long.
Thats because debt originates in Congress, and Congress has been held by Democrats about 75% of the time over the last 40 years..
"Since 1980, the debt ceiling has been raised 39 times. It was raised 17 times under Ronald Reagan, four times under Bill Clinton and seven times under George W. Bush. Congress is currently in a contentious debate with the White House on whether to raise the ceiling by the Aug. 2 deadline, which would make the fourth raise under Obama."
How DARE you blaspheme the name and memory of the great and holy Reagan!
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There lord Reagan made it a hobby to raise the debt ceilling.
