Debt Ceiling Increases By President, 1981-2011

Discussion in 'Politics' started by Lakhota, Jul 30, 2011.

  1. Lakhota
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    Lakhota Diamond Member

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    Despite recent rhetoric from GOP lawmakers, Republican presidents have raised the statutory limit on U.S. debt by a much greater percentage than either of the two Democrats elected since 1981. According an analysis of historical data compiled on the statutory limit by the Office of Management and Budget, former President Ronald Reagan outstrips all other executives to date, increasing the debt ceiling by 199.5 percent during his eight years in office. He is followed by President George W. Bush, Jr. at a 90.2 percent increase over eight years and by President George H. Bush, Sr. at a 48.0 percent increase over only four years in office.

    [​IMG]

    More: Even After Proposed Hike, Reagan Increased Debt Ceiling Twice As Fast As Obama | ThinkProgress
     
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  2. Lakhota
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    Lakhota Diamond Member

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  3. Annie
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    Annie Diamond Member

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    So how many times was it raised in Reagan's terms? Did it ever go over a year and a half? That is what the O meister is asking for, during a severe economic crisis.
     
  4. Lakhota
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    Lakhota Diamond Member

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    The debt ceiling had to be raised 18 times under Reagan because of how fast he was increasing the national debt.
     
  5. Annie
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    Annie Diamond Member

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    Hmm, faster than the O meister? Link?
     
  6. Annie
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    Annie Diamond Member

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  7. Lakhota
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    Lakhota Diamond Member

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  8. Mr. Shaman
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    Mr. Shaman Senior Member

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    People, like you, are just gonna have to get-over the fact that you don't have to be a D.C.-insider (like the Bush Family always was), to make a difference.

    You've got the option to be a greedy, fuckin' prick....like the Bushes....and, you've got the option to clean-UP after the greedy, fuckin' pricks....like Bill Clinton did....and, the "O meister" is attempting!!!

    You really believe The Marketplace is capable o' regulating itself....without government-interference???? We've had suckers buyin' that pile o' horseshit, decade-after-decade......from The Depression.....

    [ame=http://www.youtube.com/watch?v=w6whSWn1RRM&feature=player_embedded]‪Great Depression‬‏ - YouTube[/ame]​

    ....up TO, and INCLUDING, the Reagan Years!!!!

    Ya' gotta be pretty, fuckin' STUPID....too-young to KNOW what the facts are.....or, a Teabagger (a combination o' the two)....to DEFEND Republicans, presently!!

    *

    BTW....despite what Republicans and Teabaggers suggest....Obama did not have some obligation to wait (until all White-people "passed", on running for The Presidency)....before he was "officially" qualified to run.​
     
    Last edited: Jul 30, 2011
  9. sitarro
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    sitarro Gold Member Supporting Member

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    Is being as stupid as you are like doing a cocktail of acid, heroin and Quaaludes while shooting Jack Black?
     
  10. JoeB131
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    JoeB131 Diamond Member

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    Mendacity comes in three forms- Lies, Damned Lies and statistics.- Benjamin Disraeli.

    Come on, we are here because your boy Hussein has managed to run up 4 Trillion in new debt, (a 40% increase) and thinks it will be an accomplishment if he can get the deficit down to 600 billion a year in a few decades. Otherwise, we wouldn't be having this discussion. And rather than present a real budget, which he hasn't done in three years, he has done continuing resolutions and big honking programs to pay off his union buddies.

    That's why we are here.

    Everyone knows the government is going to have to cut back. They should be taking the House resolution as a basis and then go from there.
     

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