Blast from past- Obama Signs Law Raising Debt Limit Feb 2010

Discussion in 'Politics' started by Trajan, Jul 13, 2011.

  1. Trajan
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    Trajan conscientia mille testes

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    From the archives....lest some have forgotten.;)

    Notice the Paygo riff...(paying attention Sallow?)

    President Obama Signs Law Raising Public Debt Limit from $12.4 Trillion to $14.3 Trillion

    February 12, 2010 3:21 PM

    Behind closed doors and with no cameras present, President Obama signed into law Friday afternoon the bill raising the public debt limit from $12.394 trillion to $14.294 trillion.

    The current national debt is $12.3 trillion. Check out the National Debt Clock, which tells you your share of that -- roughly $40,000 per citizen, $113,000 per taxpayer.

    The bill also establishes a statutory Pay-As-You-Go procedure requiring that new non-emergency legislation affecting tax revenue or mandatory spending not increase the Federal deficit – in other words, that any new spending or tax cuts be paid for with new taxes or spending cuts.


    President Obama Signs Law Raising Public Debt Limit from $12.4 Trillion to $14.3 Trillion - Political Punch

    and now the senate vote at the time...the house was a walk over naturally;

    57 yes ( 2 reps)
    35 No ( 3 dems)
    8 not voting

    for names etc...

    Senate Vote 374 - Approves Massive Spending Bill - NYTimes.com



    so, what happened to Paygo? :eusa_eh:
     
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  2. Richard-H
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    Richard-H Gold Member

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    All previous Presidents and Congresses have routinely raised the debt limit. There was nothing new or sensational about it.

    Did you at all wonder where the first $12.4 trillion in debt came from?
     
  3. Steelplate
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    Steelplate Bluesman

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    7 times in 8 years under Bush.... but I guess that was different for some reason.
     
  4. Trajan
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    Trajan conscientia mille testes

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    I never said there was......

    do you at all wonder how we blew thru 2 Trillion dollars ( oh and the war's' costs are 250B using 2010's cost + 6 months of this years funding) in 18 months?

    what happened to paygo.....?
     
    Last edited: Jul 13, 2011
  5. AquaAthena
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    AquaAthena INTJ/ INFJ

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    And do we want to repeat all those costly mistakes?? :cuckoo:
     
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  6. Avorysuds
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    Avorysuds Gold Member

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    Nope no different.

    Hey, can you tell us all just how horrible of a President Bush for all of us?!?! I'd love to hear how Bush helped fuck the country but spending so much that he had to have the debt ceiling raised!

    Go on, make Obama, I mean Bush look bad!

    Or, maybe it's just different under Obama?
     
  7. Trajan
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    Trajan conscientia mille testes

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    you'd be surprised at how few people even realize he already jacked the ceiling once in his term, a 'double' dose of leadership fail if you will ;)
     
  8. DontBeStupid
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    DontBeStupid Look it up!

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    I don't wonder. It was a combination of a weak economy, low tax rates and the Recovery Act. Add in the GOP blackmail in December and that's pretty much it.
     
  9. elvis
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    elvis BANNED Supporting Member

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    so what would you call Bush? a seven-fold failure?
     
  10. Trajan
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    Trajan conscientia mille testes

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    sure, if Bush had talked the shit on the debt ceiling, obama talked the talk, he appears to have avoided wlaing thw walk, twice when this deal is signed. thats why I added that blurb. ;)



    ( do I need to go thru the litany?..... yes I blame for bush too, for- spending like drunken cocaine besotted sailor, he invaded Iraq to please daddy, afghan. cause he thought they made great carpets, aids, the miss on my cousins 396...what else...:eusa_think:)

    .
     

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