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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: puborectalis who wrote (54123)7/27/2011 9:22:44 AM
From: Bill  Read Replies (1) | Respond to of 103300
 
Did they raise it by $3 trillion?



To: puborectalis who wrote (54123)7/27/2011 10:30:21 AM
From: joefromspringfield3 Recommendations  Read Replies (1) | Respond to of 103300
 
puborectalis

"Obama is correct that raising the debt ceiling has been an issue repeatedly tackled by Republicans and Democrats alike. President Reagan raised the debt ceiling 18 times and George W. Bush did it seven times."

And I think he was right when he made this statement as well.

“The fact that we are here today to debate raising America’s debt limit is a sign of LEADERSHIP failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … 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.” - Sen. Barack Obama (D-IL), March 20, 2006

He then voted against raising the debt limit.




To: puborectalis who wrote (54123)7/27/2011 12:25:15 PM
From: DuckTapeSunroof2 Recommendations  Respond to of 103300
 
(Correct me if I'm wrong, but I seem to recollect that it has been raised 101 times just since 1940....)