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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (511206)	9/8/2009 9:42:46 PM
From: tejek	Read Replies (1) of 1577096

How many times did Bush raise the debt ceiling, BEFORE any economic emergency? I don't remember him ever doing it twice in one year. Of course you don't......it wasn't important to you when Bush did it and that's because you are partisan weasel and not an American: Less than a day after President Bush implied that Senator John Kerry lacked "fiscal sanity," the Bush administration said on Thursday that the federal government had hit the debt ceiling set by Congress and would have to borrow from the civil service retirement system until after the elections. Federal operations are unlikely to be affected because Congress is certain to raise the debt limit in a lame-duck session in November. Congressional Republicans had wanted to avoid an embarrassing vote to raise the debt ceiling just a few weeks before Election Day. Since Mr. Bush took office in January 2001, the federal debt has increased about 40 percent, or $2.1 trillion, to $7.4 trillion. Congress has raised the debt ceiling three times in three years, raising it most recently by $984 billion in May 2003.

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