Don't forget, Obama wants the House To Raise the Debt Ceiling

[MTAtech]

Originally Posted by dv1033

A country budget's is not analogous to a household budget no matter how many times you say so.

This cannot be re-stated enough.

For those that don't understand, my spending is your income and my income comes from your spending. If we all cut spending, we all suffer a loss of income.

In economic downturns, consumer demand falls. This can be mitigated with government spending that replaces consumer demand. If government goes on an austerity round in a weak economy, GDP drops, unemployment rises and government revenues fall. Thus, one still creates a deficit after the cutting.

[BentBow]

Originally Posted by jjrose

He has raised the debt ceiling less times than Bush I and II, and WAY fewer times than Reagan.

Obama - 6
Ford - 7
Bush II - 7
Nixon - 8
Bush Sr - 9
LBJ - 10
Carter - 10
Reagan - 18

Put those in dollar amounts please.


Was it a penny each time for all, or only for some?

You know if it was a dollar 18 times for Reagan and 1000 dollars 10 times for LBJ, that paints a much different picture.


How many times for Calvin Coolidge?
How many times for FDR?

[chucksnee]

Originally Posted by Chimuelojones

it's not a secret...where have you been?

Obviously you have not been paying attention to this board....just look around, stay a while.....read a few threads....it is very evident that the left thinks that ONLY the right is to blame.....

[chucksnee]

Originally Posted by chucksnee

I love this argument.....but from the above list, who is the one who stated that is unpatriotic and a sign off weak leadership....

Here, let me help you out...


Obama says adding $4 trillion to debt is unpatriotic. - YouTube

Bueller.....