The United States has raised its debt ceiling at least 90 times in the 20th century

[Penelope]

including 18 times under former President Ronald Reagan, eight times under former President Bill Clinton, seven times under former President George W. Bush, and five times under former President Barack Obama. From 2001, Congress has raised the debt ceiling 14 times from 2001 to 2016. The debt ceiling was raised roughly a total of $5.4 billion during President George W. Bush’s tenure, and it was raised roughly a total of $6.5 during President Obama’s tenure.

History of Debt Limit and Why It Matters | BGR Group

Learn about America's national debt limit, created in 1917, and its importance in the functioning of our government.

bgrdc.com

The national debt has risen by almost $7.8 trillion during Trump’s time in office. That’s nearly twice as much as what Americans owe on student loans, car loans, credit cards and every other type of debt other than mortgages, combined, according to data from the Federal Reserve Bank of New York. It amounts to about $23,500 in new federal debt for every person in the country.
he growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center.

Donald Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years

The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president.

www.propublica.org

I don't see why the debt is such a problem, the infrastructure plan is important.

 

[Penelope]

the federal debt held by the public nearly tripled in nominal terms, from $738 billion to $2.1 trillion.

what was reagon debt - Google Search

 

[yidnar]

including 18 times under former President Ronald Reagan, eight times under former President Bill Clinton, seven times under former President George W. Bush, and five times under former President Barack Obama. From 2001, Congress has raised the debt ceiling 14 times from 2001 to 2016. The debt ceiling was raised roughly a total of $5.4 billion during President George W. Bush’s tenure, and it was raised roughly a total of $6.5 during President Obama’s tenure.

History of Debt Limit and Why It Matters | BGR Group

Learn about America's national debt limit, created in 1917, and its importance in the functioning of our government.

bgrdc.com

The national debt has risen by almost $7.8 trillion during Trump’s time in office. That’s nearly twice as much as what Americans owe on student loans, car loans, credit cards and every other type of debt other than mortgages, combined, according to data from the Federal Reserve Bank of New York. It amounts to about $23,500 in new federal debt for every person in the country.
he growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center.

Donald Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years

The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president.

www.propublica.org

I don't see why the debt is such a problem, the infrastructure plan is important.

its Biden who is refusing to deal on the debt ceiling ...

 

[wamose]

I'd say it's about time we make an attempt to limit spending. Every American family does it. There's no reason that our irresponsible representatives can't do it too. MAGA

 

[pknopp]

including 18 times under former President Ronald Reagan, eight times under former President Bill Clinton, seven times under former President George W. Bush, and five times under former President Barack Obama. From 2001, Congress has raised the debt ceiling 14 times from 2001 to 2016. The debt ceiling was raised roughly a total of $5.4 billion during President George W. Bush’s tenure, and it was raised roughly a total of $6.5 during President Obama’s tenure.

History of Debt Limit and Why It Matters | BGR Group

Learn about America's national debt limit, created in 1917, and its importance in the functioning of our government.

bgrdc.com

The national debt has risen by almost $7.8 trillion during Trump’s time in office. That’s nearly twice as much as what Americans owe on student loans, car loans, credit cards and every other type of debt other than mortgages, combined, according to data from the Federal Reserve Bank of New York. It amounts to about $23,500 in new federal debt for every person in the country.
he growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center.

Donald Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years

The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president.

www.propublica.org

I don't see why the debt is such a problem, the infrastructure plan is important.

Infrastructure is important. It's important enough to actually pay for.

 

[Harpy Eagle]

its Biden who is refusing to deal on the debt ceiling ...

Who was the last president to agree to spending cuts to raise the debt ceiling?

 

[Harpy Eagle]

I'd say it's about time we make an attempt to limit spending. Every American family does it. There's no reason that our irresponsible representatives can't do it too. MAGA

Why did MAGA not do it when they held the House, the Senate and the White House?

 

[yidnar]

Who was the last president to agree to spending cuts to raise the debt ceiling?

its 2023 ... the debt ceiling is looming and republicans have a plan ... and nobody has proposed spending as much on loony left projects as Biden ... need cut some faggatry from spending .

 

[yidnar]

Infrastructure is important. It's important enough to actually pay for.

how much is actually going to infrastructure ?

 

[BothWings]

Almost all Democrats or confirmed RINO's like the Bush's And Reagan. Even though John McCain was never president, he can be included in that crowd.

 

[Harpy Eagle]

its 2023 ... the debt ceiling is looming and republicans have a plan ... and nobody has proposed spending as much on loony left projects as Biden ... need cut some faggatry from spending .

Crazy how they always have a plan when they are not in power to make it happen...and when they control Congress and the White House their only plan is to spend more money.

 

[1srelluc]

Fuck what went on in the past.....Much less what some Hoser thinks of anything.

A clean Bill was sent to the Senate by the House.....The Senate needs to bring it to the floor for a vote, if it does not pass then it goes into reconciliation.....This should have happened two weeks ago.

Thing is the dems think all our trillions belongs to them to do with as they please. They must have forgot who controls the purse-strings now.

 

[pknopp]

how much is actually going to infrastructure ?

Irrelevant to my point.

 

[Penelope]

Who was the last president to agree to spending cuts to raise the debt ceiling?

All of them are guitly.

 

[Penelope]

And now you think Reagon is the chief of republicans. It went from billions of debt to trillions.

 

[Penelope]

Why did MAGA not do it when they held the House, the Senate and the White House?

He did it, most of the maga was on the tax cuts.

 

[22lcidw]

And now you think Reagon is the chief of republicans. It went from billions of debt to trillions.

I am sure if you look up the amount of city, state, local and federal money going into human services of all types it would be exponential growth since Reagan. The Reagan tax cuts, cut 23% of the federal taxes from the lower taxes over a three-year period. They were suffering. There was no indexing and a lot of tax brackets before that. The 1970's was stagflation and inflation. Wages did not even keep up. If those same tax rackets without indexing existed today, earnings in the 50 to 60 thousand range would e taxed at 50% in that bracket.

 

[wamose]

Why did MAGA not do it when they held the House, the Senate and the White House?

MAGA Republicans never controlled the legislature during Trump's term. Neocons like Ryan, McConnell and many more all hate Trump because he would have impeded their ability to rob our government. All the rich robber barons in our government hated Trump and they still do.

 

[pknopp]

MAGA Republicans never controlled the legislature during Trump's term. Neocons like Ryan, McConnell and many more all hate Trump because he would have impeded their ability to rob our government. All the rich robber barons in our government hated Trump and they still do.

And Trump signed off on all of it.

 

[Flash]

including 18 times under former President Ronald Reagan, eight times under former President Bill Clinton, seven times under former President George W. Bush, and five times under former President Barack Obama. From 2001, Congress has raised the debt ceiling 14 times from 2001 to 2016. The debt ceiling was raised roughly a total of $5.4 billion during President George W. Bush’s tenure, and it was raised roughly a total of $6.5 during President Obama’s tenure.

History of Debt Limit and Why It Matters | BGR Group

Learn about America's national debt limit, created in 1917, and its importance in the functioning of our government.

bgrdc.com

The national debt has risen by almost $7.8 trillion during Trump’s time in office. That’s nearly twice as much as what Americans owe on student loans, car loans, credit cards and every other type of debt other than mortgages, combined, according to data from the Federal Reserve Bank of New York. It amounts to about $23,500 in new federal debt for every person in the country.
he growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center.

Donald Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years

The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president.

www.propublica.org

I don't see why the debt is such a problem, the infrastructure plan is important.

It is stupid to spend more money than is taken in. Not only stupid but disastrous, especially when the debt is already $32 trillion.

Instead of borrowing money how about reducing spending?

Just say NO to debt. Problem solved.