Ronald Reagan raised the debt ceiling 18 times.

[tahuyaman]

A president doesn’t raise the debt limit. They have no such authority.

The congress has the the ability to pass a law or budget or raise the debt limit without a presidential signature.

They can override a presidential veto.

 

[ElmerMudd]

I am curious (and lazy). It says Reagan raised the debt limit 18 times. Did he raise the debt limit twice a year when he was in office? And for two of the years he was in office, he would have raised it 3 times?

Not sure of the dates
Ronald Reagan — 18 Times
Thus, he repeatedly bumped up the debt ceiling so that the government kept paying its debts. Over the course of his term in office, the debt ceiling was raised a total of 18 times, from $935 billion to $2.8 trillion.

Both congressional political parties are guilty of raising the debt ceiling. Instead of complaining about it, both parties need to stop spending our tax dollars like it's their own personal piggybank and tossing the revenue around like there's no end to it.

True, but all citizens must be willing to give up some government benefits so spending can go down.
Voters want their cake and eat it to. They do not want to lose any government benefits and to pay less taxes.

 

[ElmerMudd]

It's not really a debt. It's more of a ledger of how much money has been put into the economy since 1789. It can't do us any harm provided we continue producing and we haven't reached full employment.

There are fiscal consequence to just print money to pay bills.
Look at some South American countries that have done this. It will end up with devaluation of the dollar, in the global market, and run away inflation.

 

[ElmerMudd]

It is wrong no matter who does it.

This "Johnny also did it" bullshit is no excuse for fiscal irresponsibility.

I agree. But for one party to call another party out for increasing the debt is hypocritical. Both parties have increased the debt.

 

[BluesLegend]

Ronald Reagan — 18 Times

And?? Please don't use twisted Dem logic. Because Reagan raised the debt limit isn't an excuse for it being raised today.

 

[Nostra]

Not sure of the dates
Ronald Reagan — 18 Times
Thus, he repeatedly bumped up the debt ceiling so that the government kept paying its debts. Over the course of his term in office, the debt ceiling was raised a total of 18 times, from $935 billion to $2.8 trillion.

True, but all citizens must be willing to give up some government benefits so spending can go down.
Voters want their cake and eat it to. They do not want to lose any government benefits and to pay less taxes.

Tater just raised it over twice as much once than was done all those times.

 

[Flash]

I agree. But for one party to call another party out for increasing the debt is hypocritical. Both parties have increased the debt.

Unfortunately for the American people there is really only party and that is the Party of Big Government. The Democrats are the bat shit crazy branch. The Republicans are a little more moderate but usually they go along with the Democrats.

When McCarthy was elected Speaker of the House we knew he was going to give away the store to the Democrats and that is exactly what happen.

The good guys were the Freedom Caucus that warned the country that the RINOs were going to sell them out.

 

[ElmerMudd]

And?? Please don't use twisted Dem logic. Because Reagan raised the debt limit isn't an excuse for it being raised today.

No but the Republicans cannot point their fingers at Democrats because both parties have continually raised the debt limit.

When the debt limit should be addressed is during budget approvals.

To not increase the debt limit is like buying something on your credit card and then refuse to pay for it.

If both parties approve a budget, those expenditures must be paid unless the budget is reduced.

Budgeting is the time to reduce debt. But neither party wants to be responsible for the effects of lower government spending on their constituents.

 

[ElmerMudd]

Tater just raised it over twice as much once than was done all those times.

As did Trump. The point is they all do it.

 

[ElmerMudd]

Unfortunately for the American people there is really only party and that is the Party of Big Government. The Democrats are the bat shit crazy branch. The Republicans are a little more moderate but usually they go along with the Democrats.

When McCarthy was elected Speaker of the House we knew he was going to give away the store to the Democrats and that is exactly what happen.

The good guys were the Freedom Caucus that warned the country that the RINOs were going to sell them out.

At the end of the day both parties buy votes by providing government programs we cannot afford to the citizens.

The voter is fickle. They say they want the debt reduced but they don't want any of their benefits effected nor their taxes raised.

 

[kaz]

Ronald Reagan raised the debt ceiling 18 times. Donald Trump raised the debt ceiling twice

Since when have the Republicans been hardliners on the debt ceiling.

The time to cut costs is during the budget negotiations.

If the US defaults, every American will suffer.

US Presidents Raised the Debt Ceiling 42 Times in Recent History — Here’s Who Raised It the Most

No topic has been hotter in mid-May 2023 than the debt ceiling, even though many people don't fully understand what it is. In a nutshell, the debt ceiling is a line in the sand regarding the amount...

finance.yahoo.com

Republicans with debt are like the Democrats with the military, they love spending money, but only when they are in power. Like you loving wars, but only when you are running them

 

[Toddsterpatriot]

No but the Republicans cannot point their fingers at Democrats because both parties have continually raised the debt limit.

When the debt limit should be addressed is during budget approvals.

To not increase the debt limit is like buying something on your credit card and then refuse to pay for it.

If both parties approve a budget, those expenditures must be paid unless the budget is reduced.

Budgeting is the time to reduce debt. But neither party wants to be responsible for the effects of lower government spending on their constituents.

To not increase the debt limit is like buying something on your credit card and then refuse to pay for it.

Credit card? LOL!
The government spends tax revenues and money raised by selling bonds, notes and bills.
If the bonds are already sold, why do we need to raise the debt limit?

If both parties approve a budget, those expenditures must be paid unless the budget is reduced.

Like passing a bill that reduces promised/projected spending.

 

[Flash]

At the end of the day both parties buy votes by providing government programs we cannot afford to the citizens.

The voter is fickle. They say they want the debt reduced but they don't want any of their benefits effected nor their taxes raised.

I must not be the typical voter because I don't want the Federal government to do much more than provide for defense, run a patent office, border patrol, courts and few other minor things.

I don't mind the Feds coordinating interstate highways and they be paid for with a fuel user tax.

We don't need these alphabet agencies and we sure as hell don't need welfare, bailouts, subsidies and entitlements.

The Federal budget should be about $1.5 trillion a year, at most. Not this $7 trillion bloated monstrosity we have now.

 

[BluesLegend]

No but the Republicans cannot point their fingers at Democrats because both parties have continually raised the debt limit.

That is 1,000% true. ^^^ We fiscal conservatives are pissed at the rank and file Republicans because those idiots have borrowed and spent no different than Democrats.

 

[TruthNotBS]

There are fiscal consequence to just print money to pay bills.
Look at some South American countries that have done this. It will end up with devaluation of the dollar, in the global market, and run away inflation.

Yes indeed. I never suggested that the US federal government can print money ad infinitum. There are budgetary constraints, but those limits are often misrepresented and pulled down way below where they actually are. Both Republican and Democrat politicians are guilty of pushing the false narrative that the government doesn't have enough money when they have more than enough. There are certain class interests that see any government involvement in society as a threat, because democracy represents the power of the populace. The people. Government is supposedly always "bad" and inept.

If our government funds projects that build our infrastructure, that only increases our GDP, allowing the government to expand its budget. Until we reach full employment, our productive maximum, hyperinflation is practically impossible. More, there are different options government power has to either completely stop inflation in its tracks or at least reduce it significantly. There's a lot of misinformation and fearmongering about the "national debt".

​

 

[Toddsterpatriot]

Yes indeed. I never suggested that the US federal government can print money ad infinitum. There are budgetary constraints, but those limits are often misrepresented and pulled down way below where they actually are. Both Republican and Democrat politicians are guilty of pushing the false narrative that the government doesn't have enough money when they have more than enough. There are certain class interests that see any government involvement in society as a threat, because democracy represents the power of the populace. The people. Government is supposedly always "bad" and inept.

If our government funds projects that build our infrastructure, that only increases our GDP, allowing the government to expand its budget. Until we reach full employment, our productive maximum, hyperinflation is practically impossible. More, there are different options government power has to either completely stop inflation in its tracks or at least reduce it significantly. There's a lot of misinformation and fearmongering about the "national debt".

​

I never suggested that the US federal government can print money ad infinitum. There are budgetary constraints, but those limits are often misrepresented and pulled down way below where they actually are.

Looking at Bidenflation, it's safe to say the government has printed and spent way too much lately.

 

[Markle]

My count was 16.

1985 and 1987.
February 7, 1981
September 30, 1981
June 28, 1982
September 30, 1982
May 26, 1983
November 21, 1983
May 25, 1984
June 6, 1984
October 13, 1984
November 14, 1985
December 12, 1985
October 26, 1985
October 21, 1986
May 15,1987
August 10,1987
September 29, 1987

 

[multivita-man]

Which branch of Government has the power of purse you moron?

And which one signs bills into law and has the power of the veto, tardicus?

If a president doesn’t sign it, the congress can override him. You’re an idiot.

Did Congress override a Reagan veto on budget bills? Nah, didn't think so, bird brain.

 

[Markle]

It can't do us any harm

Exactly!
Raging Bidenflation didn't hurt anybody.

Sarcasm doesn't translate to the written word very well!

 

[Markle]

Not sure of the dates
Ronald Reagan — 18 Times
Thus, he repeatedly bumped up the debt ceiling so that the government kept paying its debts. Over the course of his term in office, the debt ceiling was raised a total of 18 times, from $935 billion to $2.8 trillion.

True, but all citizens must be willing to give up some government benefits so spending can go down.
Voters want their cake and eat it to. They do not want to lose any government benefits and to pay less taxes.

Given that we have reached a tipping point of 47% of our workers paying no Federal Income Tax, it seems only a matter of time...