GOP has already given obama FIVE increases in the debt ceiling

[ogibillm]

Did you bitch during BushII when it was raised a 7 times?

But...but....BOOOOOOOOOOOSH!!

Speaking of Bush II and the debt ceiling, here's Obama in 2006:

"Increasing America's debt weakens us domestically and internationally. 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 problem and a failure of leadership. Americans deserve better.

I therefore intend to oppose the effort to increase America's debt limit"

Obama the F-ing HYPOCRITE.

you don't see any difference in running government debt while under good economic conditions versus bad?

 

[rdean]

History of United States debt ceiling - Wikipedia, the free encyclopedia

Yes people, five in five years!!!! What kind of "ceiling" is that? And now the spenddthrift in chief wants a 6th one. Repubs have to put their foot down sometime and tell obozo the govt has gotten big enough.

Reagan had 18

 

[Borillar]

Did you bitch during Reagan when it was raised a 18 times?

Of course not

Reagan economy's had real GDP growth and real job increases
So, they knew what they were doing

Besides

The amount under GOP administrations has been smaller on average than increases that occurred during the tenure of Democratic presidents.

The Democrats weren't trying to sabotage the economy in order to make Reagan look bad - like repugs are trying to do to Obama.

Debt ceilings and deficits only matter when the president has a -D beside his name. If the president is a Repug, deficits don't matter.

 

[g5000]

But while the four Republicans in Congressional leadership positions are attempting to hold the increase hostage now, they combined to vote for a debt limit increase 19 times during the presidency of George W. Bush. In doing so, they increased the debt limit by nearly $4 trillion.
At the beginning of the Bush presidency, the United States debt limit was $5.95 trillion. Despite promises that he would pay off the debt in 10 years, Bush increased the debt to $9.815 trillion by the end of his term, with plenty of help from the four Republicans currently holding Congressional leadership positions: Speaker John Boehner, House Majority Leader Eric Cantor, Senate Minority Leader Mitch McConnell, and Senate Minority Whip Jon Kyl.

During Bush Presidency, Current GOP Leaders Voted 19 Times To Increase Debt Limit By $4 Trillion

 

[rdean]

But while the four Republicans in Congressional leadership positions are attempting to hold the increase hostage now, they combined to vote for a debt limit increase 19 times during the presidency of George W. Bush. In doing so, they increased the debt limit by nearly $4 trillion.
At the beginning of the Bush presidency, the United States debt limit was $5.95 trillion. Despite promises that he would pay off the debt in 10 years, Bush increased the debt to $9.815 trillion by the end of his term, with plenty of help from the four Republicans currently holding Congressional leadership positions: Speaker John Boehner, House Majority Leader Eric Cantor, Senate Minority Leader Mitch McConnell, and Senate Minority Whip Jon Kyl.

During Bush Presidency, Current GOP Leaders Voted 19 Times To Increase Debt Limit By $4 Trillion

Plus Reagan's 18. That's 37 to Obama's 5?

And they are whining?

So what was Clinton? Like 5 or 6?

It shows that Republicans can't run a country. They don't have the skill.

 

[Neotrotsky]

the debt ceiling has been increased more frequently under Republican administrations,
But the amount it has been raised has been smaller on average than during Democratic administrations.

So it makes sense to give to them since they did better with it

Which one is it ?
Papa Obama lowest unemployment number is from when he took office from Bush or
just Bush's average unemployment rate is better?


Sure, give more money to people who know how to use it right
Not these leftist losers

 

[gallantwarrior]

Yes, BUT: It needs to stop before they spend the money. Not after.

Then there should be NO debt ceiling increases without an across-the-board spending freeze. I understand they need this ceiling increase to cover what they've already spent, but to continue to spend more is insane. We all know they'll just need another increase when this one runs out.

Someday, nutters will get it. Cutting spending now is retarded.

And libtards will never comprehend the difference between cutting and freezing spending. We definitely need a budget. (Budget: plan for allocating resources: a plan specifying how resources, especially time or money, will be allocated or spent during a particular period.)

 

[gallantwarrior]

Did you bitch during BushII when it was raised a 7 times?

But...but....BOOOOOOOOOOOSH!!

Speaking of Bush II and the debt ceiling, here's Obama in 2006:

"Increasing America's debt weakens us domestically and internationally. 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 problem and a failure of leadership. Americans deserve better.

I therefore intend to oppose the effort to increase America's debt limit"

Obama the F-ing HYPOCRITE.

Nah, he's just evolved. At least, his media monkeys have claimed every time he contradicts one of his former policies.

 

[gallantwarrior]

Did you bitch during Reagan when it was raised a 18 times?

Of course not

Reagan economy's had real GDP growth and real job increases
So, they knew what they were doing

Besides

The amount under GOP administrations has been smaller on average than increases that occurred during the tenure of Democratic presidents.

The Democrats weren't trying to sabotage the economy in order to make Reagan look bad - like repugs are trying to do to Obama.

Debt ceilings and deficits only matter when the president has a -D beside his name. If the president is a Repug, deficits don't matter.

Obama doesn't need anyone's help to look bad. He does that really well all on his own.

 

[Locke11_21]

It is laughable to even compare the situations Obama had to deal with compared to Reagan. Going by the misery index, which is designed to show how much the population is being negatively affected by price hikes and joblessness, is calculated by simply adding the inflation rate to the unemployment rate:

When Reagan was first inaugurated on Jan. 20, 1981, the misery index was 19.3, consisting of an unemployment rate of 7.5 percent and an inflation rate of 11.8 percent.

When Obama was first inaugurated on Jan. 20, 2009, the misery index that month was 7.6, with an unemployment rate of 7.6 percent and a zero inflation rate. Reagan, additionally, entered office at a time of falling household incomes, rising poverty rates, a collapsing stock market and double-digit interest rates, with the prime rate hitting 21.5 percent in 1980.

Reagan's prescription for recovery focused on an anti-inflationary monetary policy and tax-cut incentives to boost output by both individuals and companies. Inflation was quickly whipped, cut in half by 1982, and in half again by 1983. So, what was the impact:

The economy “took off on a 25-year economic boom from 1982 to 2007,” reported Ferrara, citing National Bureau of Economic Research reports. “During the first seven years of that boom alone, the economy grew by almost one-third, the equivalent of adding the entire economy of West Germany, the third largest in the world at the time, to the U.S. economy.”

Steven Moore, chief financial writer and senior economics contributor at The Wall Street Journal, summarized Reagan's economic record in their 2008 book, The End of Prosperity: “We call this period, 1982-2007, the 25-year boom — the greatest period of wealth creation in the history of the planet. In 1980, the net worth — assets minus liabilities — of all U.S. households and businesses ... was $25 trillion in today's dollars. By 2007 ... net worth was just shy of $57 trillion. Adjusting for inflation, more wealth was created in America in the 25-year boom than in the previous 200 years.”

All told, revived and sustained economic growth created 17 million new jobs from 1980 to 1989 and another 26 million in the 1990s.

President Obama's response? He says we tried Reaganomics and it didn't work. Obama is an abject failure in every sense compared to Reagan. Obama, dumbest president ever.

 

[oreo]

History of United States debt ceiling - Wikipedia, the free encyclopedia

Yes people, five in five years!!!! What kind of "ceiling" is that? And now the spenddthrift in chief wants a 6th one. Repubs have to put their foot down sometime and tell obozo the govt has gotten big enough.

Don't fool yourself--if the shoe were on the other foot--and this was a Republican administration--the same thing would happen. Democrats would be screaming about raising the debt ceiling with the Republican administration taking the same stance as the current one.

In fact, just that happened during G.W. Bush. Nancy Pelosi--and in fact Barack Obama made same comments that Republicans are making about raising the debt ceiling. In fact, Obama voted against raising the debt ceiling when Bush was President.

[ame=http://www.youtube.com/watch?v=7eUomH6zA7A]Blitzer Corners Jay Carney: Why Did Obama Vote Against Raising Debt Ceiling Under Bush - YouTube[/ame]


Americans need to get used to this 3 ring circus called Washington D.C. and realize that when politicians state they are worried about the mid term elections in 2014--that they mean exactly what they're saying.

There are no negotiations--there is no bi-partisanship--there is no agreement or give and take at the Federal government level anymore. It's all about the next election and who is going to retain power and who is going to lose it. That's all politicians think about regardless of which side of the isle they're on. Unfortunately what's good for the country gets put way way back on the burner--that is no longer their consideration--it's all about them--the poll numbers and how they're going to retain their power.

 

[tinydancer]

History of United States debt ceiling - Wikipedia, the free encyclopedia

Yes people, five in five years!!!! What kind of "ceiling" is that? And now the spenddthrift in chief wants a 6th one. Repubs have to put their foot down sometime and tell obozo the govt has gotten big enough.

how many debt ceiling increases did Bush get?

Why don't we go back farther than Bush?

 

[auditor0007]

doesnt change the fact.
I rarely agree with this loon, but he is right. the gov't is big enough!

Fact is it's barely grown in the past four years. We're still spending significantly more than we are taking in, but spending has barely increased since 2009. If we can hold spending where it is and grow the economy, then we can get this under control within a reasonable amount of time. The real problem though is going to be SS and Medicare, especially Medicare. Those two are going to create greater spending unless we do something drastic such as raising the retirement age. There are other options, but those all include raising taxes to cover those future increases in spending. This is a discussion that we must have, because this will need to be resolved eventually, and that eventually is going to be here sooner than later. Personally, I'd like to see an increase in the retirement age and an increase in Medicare taxes for everyone.

 

[asaratis]

1. The Republican House has never produced a budget that did not require future debt ceiling increases, including the impending one.

2. The Republicans are therefore making a debt ceiling freeze demand that even they themselves cannot comply with.

3. That makes their position insane.

Real cuts in spending would alleviate the need for additional debt.

Again you miss the point. The Republicans aren't offering those cuts. It takes about a trillion dollar immediate cut in spending to stay under the current debt ceiling. The Republicans aren't even close to that in their budget.

They are bluffing, and thankfully this President has finally decided to start calling their bluffs.

No matter what cuts the House offers, Reid will deny them. It's a Catch 22 with our Congress.