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Obama is near the top of this list. FDR is first. Those two are far ahead with regards to the increase in debt relative to their prior administrations.
The article notes that presidents do not have full control of budgets, but they are the single most responsible person. Of course, most of the Obama Administration functioned with no budget. The only restraint was the debt ceiling - which was rendered useless.
How can you tell if the weather is cold in DC? Democrats have their hands in their own pockets.
It's clear enough. Obama was a borrow and spend do nothing politician.
FDR paid for his plans by confiscating all of the gold owned by Americans and handing it over to the Federal Reserve.
Obama paid for his plans by confiscating the future of working America, the future of their kids, and the future of their grandkids. They will be paying huge amounts of taxes just to cover the debt.
FDR at least had the excuse of a (nearly) world-wide war that lasted for several years.
obama inherited a couple of little "brush-fire" wars that he promised to end, but didn't. Those have cost us too many lives and too much treasure for little or no return on investment.
FDR at least had the excuse of a (nearly) world-wide war that lasted for several years.
obama inherited a couple of little "brush-fire" wars that he promised to end, but didn't. Those have cost us too many lives and too much treasure for little or no return on investment.
Obama is near the top of this list. FDR is first. Those two are far ahead with regards to the increase in debt relative to their prior administrations.
The article notes that presidents do not have full control of budgets, but they are the single most responsible person. Of course, most of the Obama Administration functioned with no budget. The only restraint was the debt ceiling - which was rendered useless.
Just FYI, it's congress that does the budgeting, spending and taxing. Of course, that task is split up between 535 members. And for six of Obama's 8 years, from 2010 - 2016 it was the Pubs doing all of that.
Just FYI, it's congress that does the budgeting, spending and taxing. Of course, that task is split up between 535 members. And for six of Obama's 8 years, from 2010 - 2016 it was the Pubs doing all of that.
From the article - which I mentioned made the comment...
It's worth noting presidents do not have full control over the federal budget, so they don't deserve full responsibility for debt levels when they leave office. Timing, wars and recessions cannot totally be pinned on presidents, and they have a major impact on the national debt. Still, the veto pen is a major tool in budget debates, and the president arguably deserves more credit or blame than any other individual.
It is absolutely true what I wrote about no budget, and the debt ceiling.
We sure did not hear him use the bully pulpit to get a budget passed.
The article notes that presidents do not have full control of budgets, but they are the single most responsible person.
Congress controls the purse strings, but of course the "single person" claim is 100% meaningless when you compare one person to 535 people who control the money.
No wonder they always wash their hands of any accountability.
Jimmy Carter left with less debt than Reagan. Why is that significant?
It's not.
Neither is this. This is one aspect that, if we're being objective, really is of minimal concern for the average American.
If you take the above post - Reagan had a Democrat Congress - therefore it's their fault.
From what I understand - Reagan made a deal with Congress, and they were supposed to cut spending as part of the deal - but they didn't. Reagan's fault in the end.
Quote:
Originally Posted by Finn_Jarber
Congress controls the purse strings, but of course the "single person" claim is 100% meaningless when you compare one person to 535 people who control the money.
No wonder they always wash their hands of any accountability.
Bill Clinton had a Republican Congress that dragged him into fiscal responsibility - and to his credit, he signed off on it... so he gets most of the credit.
Finn - are you going to credit the Republican Congress for balancing the books in the late 90's ??
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