Obama: US Has Always Paid Its Bills
That's the biggest load of crap I've ever heard.
I unsbscribed a long time ago but had too much free time on my hands today and caught up on this thread that was about President Obama asking to raise the debt limit.
It's devolved into utter nonsense and name calling as these tend to do. I think everyone needs to look at the history of debt ceiling increases.
Under Bush the debt ceiling increased:
by $450 billion to $6.4 trillion in June 2002;
by $984 billion to $7.384 trillion 11 months later, in May 2003;
by $800 billion to $8.184 trillion 18 months later, in November 2004;
by $781 billion to $8.965 trillion 16 months later, in March 2006;
by $850 billion to $9.815 trillion 18 months later, in September 2007;
by $800 billion to $10.615 trillion 10 months later, in July 2008;
by $700 billion to $11.315 trillion three months later, in October 2008.
Under Clinton the debt ceiling increased:
by $225 billion to $4.37 trillion in April 1993;
by $530 billion to $4.9 trillion four months later, in August 1993;
by $600 billion to $5.5 trillion two years and seven months later, in March 1996;
by $450 billion to $5.95 trillion 17 months later
Under Bush the debt ceiling increased:
by $70 billion to $2.87 trillion in August 1989;
by $252.7 billion to $3.1227 trillion three months later, in November 1989;
by $107.3 billion to $3.23 trillion 11 months later, in October 1990;
by $915 billion to $4.145 trillion one month later, in November 1990.
Under Reagan the debt ceiling was raised to:
$985 billion in February 1981;
$999.8 billion in September 1981;
$1.0798 trillion September 1981;
$1.1431 trillion in June 1982;
$1.2902 trillion in September 1982;
$1.389 trillion in May 1993;
$1.49 trillion in November 1983;
$1.52 trillion in May 1984;
$1.573 trillion in July 1984;
$1.8238 trillion in October 1984;
$1.9038 trillion in November 1985;
$2.0787 trillion in December 1985;
$2.111 trillion in August 1986;
$2.3 trillion in October 1986;
$2.32 trillion in July 1987;
$2.352 trillion in August 1987;
$2.8 trillion in September 1987.
With the facts laid out I ask why is everyone so upset when President Obama does the same thing Presidents before him did? Did everyone getting upset get riled up like this in the past? It seems like there's something else going on here.