Nation's Debt Ceiling Raised 7 Times While Bush......

Discussion in 'Economy' started by LilOlLady, Jul 15, 2011.

  1. LilOlLady
    Offline

    LilOlLady Gold Member

    Joined:
    Apr 20, 2009
    Messages:
    7,841
    Thanks Received:
    660
    Trophy Points:
    140
    Location:
    Reno, NV
    Ratings:
    +761
    July 11th, 2011 2:34 pm EST

    Nation's Debt Ceiling Was Raised 7 Times While George W. Bush Occupied the White House



    In terms of George W. Bush, the nation's debt limit was raised 7 times during his time in office (Bush was President from January 20th, 2001 to January 20th, 2009)
    Here are the increases that were signed into law during his time as President of the United States:

    P.L. 107-199
    June 28th, 2002
    New Limit: $6.4 trillion
    Increase in Limit: $450 billion

    P.L. 108-24
    May 27th, 2003
    New Limit: $7.384 trillion
    Increase in Limit: $984 billion

    P.L. 108-415
    November 19th, 2004
    New Limit: $8.184 trillion
    Increase in Limit: $800 billion

    P.L. 109-182
    March 20th, 2006
    New Limit: $8.965 trillion
    Increase in Limit: $781 billion

    P.L. 110-91
    September 29th, 2007
    New Limit: $9.815 trillion
    Increase in Limit: $850 billion

    P.L. 110-289
    July 30th, 2008
    New Limit: $10.615 trillion
    Increase in Limit: $800 billion

    P.L. 110-343
    October 3rd, 2008
    New Limit: $11.315 trillion
    Increase in Limit: $700 billion

    --

    In case you were wondering, the nation's debt ceiling has been raised three times (with a fourth coming soon) under President Obama.
    How Many Times Was The Debt Ceiling Raised While George W. Bush Was In Office?
     
    • Thank You! Thank You! x 1
  2. rightwinger
    Offline

    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

    Joined:
    Aug 4, 2009
    Messages:
    120,388
    Thanks Received:
    19,853
    Trophy Points:
    2,190
    Location:
    NJ & MD
    Ratings:
    +45,430
    That was when debt did not matter to Republicans
     
  3. CrusaderFrank
    Offline

    CrusaderFrank Diamond Member

    Joined:
    May 20, 2009
    Messages:
    81,248
    Thanks Received:
    14,915
    Trophy Points:
    2,210
    Ratings:
    +37,036
    "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. ... It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our government's reckless fiscal policies." -- Barack Hussein “Shovel-ready was not as … uh .. shovel-ready as we expected (laughs)" Failed Leader Obama
     
  4. rightwinger
    Offline

    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

    Joined:
    Aug 4, 2009
    Messages:
    120,388
    Thanks Received:
    19,853
    Trophy Points:
    2,190
    Location:
    NJ & MD
    Ratings:
    +45,430
    Frank....you forgot to mention 57 States
     
  5. CrusaderFrank
    Offline

    CrusaderFrank Diamond Member

    Joined:
    May 20, 2009
    Messages:
    81,248
    Thanks Received:
    14,915
    Trophy Points:
    2,210
    Ratings:
    +37,036
    57 states was a gimme...he's moved well passed that. That just showed how stupid he was, now he's stupid and dangerous

    [ame=http://www.youtube.com/watch?v=sVonk_OqEUU]‪Obama Jokes at Jobs Council 'Shovel-Ready Was Not as Shovel-Ready as We Expected' - President Obama‬‏ - YouTube[/ame]
     
  6. iamwhatiseem
    Offline

    iamwhatiseem Gold Member

    Joined:
    Aug 19, 2010
    Messages:
    14,827
    Thanks Received:
    3,114
    Trophy Points:
    280
    Location:
    Virginia
    Ratings:
    +6,118
    Booooosh racked up about $6 tril in 8 years...or about $63 billion a month.
    Obama has racked up soon to be $4 tril in 2 1/2 years...or about $133 billion a month.

    At this rate, Obama will add not $6 tril...but almost $13 trillion.
     
  7. CrusaderFrank
    Offline

    CrusaderFrank Diamond Member

    Joined:
    May 20, 2009
    Messages:
    81,248
    Thanks Received:
    14,915
    Trophy Points:
    2,210
    Ratings:
    +37,036
    And Dems keep snorting Hope Change straight out of the can
     
  8. peach174
    Offline

    peach174 Gold Member Gold Supporting Member Supporting Member

    Joined:
    Apr 24, 2010
    Messages:
    20,533
    Thanks Received:
    4,052
    Trophy Points:
    290
    Location:
    S.E. AZ
    Ratings:
    +7,378

    Both are to blame.
    In 2006 the Dems took over congress and raised it in 2006,2007,and twice in 2008.
     
    • Thank You! Thank You! x 1
  9. iamwhatiseem
    Offline

    iamwhatiseem Gold Member

    Joined:
    Aug 19, 2010
    Messages:
    14,827
    Thanks Received:
    3,114
    Trophy Points:
    280
    Location:
    Virginia
    Ratings:
    +6,118
    This country is, and will remain FUBAR as long as the Kool Aid drinkers on both sides spend all of their time pointing fingers at each other.
    What mice we are.
     
    • Thank You! Thank You! x 2
  10. Oddball
    Offline

    Oddball BANNED Supporting Member

    Joined:
    Jan 3, 2009
    Messages:
    41,428
    Thanks Received:
    8,397
    Trophy Points:
    0
    Location:
    Drinking wine, eating cheese, catching rays
    Ratings:
    +8,409
    [​IMG]
    “The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure....It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Leadership means that ‘the buck stops here.’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America’s debt limit.”
     
    • Thank You! Thank You! x 1

Share This Page