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Originally posted by ibtek
Reagan raised it 18 times and Bush 3 OMG! But wait, by how much? Oh oh....
Lets see according to the White Houses own records at
Reagan raised it $1.82T over his 2 terms or $0.91T per term.
HW Bush $1.28T in 1 term
Clinton $1.58T in 2 terms or $0.79T per term
GW Bush $4.92T in 2 terms or $2.46T per term
Obama $4.79T in 0.65 terms
Obama almost passing GW Bush's 2 term total, but in just over half of his first term.
If this is where we're headed the country will either fall as a Republic or convulse in revolution.
This is a naked power grab and high treason against the people of the United States.
Cheney said deficits don't matter and it is the one thing he may have been right about. The kids will be all right. This nonsense too will pass.
Over the course of the last month, Washington state families have written me in record numbers to lend their voice to the debt ceiling debate. Many, who had never e-mailed or called their elected official before, wrote to ask for compromise and sanity in this debate. They told me about the tough but reasonable choices they made to rein in their own finances and how they couldn’t understand why it was so difficult for Washington, D.C. to do the same. That’s why I voted this week to raise the debt-ceiling and avoid default. I voted to prevent the United States from defaulting on its obligations for the first time in our nation’s history.
Originally posted by getreadyalready
reply to post by lunatux
I definitely don't want Romney, Bachmann, or Perry.
Ron Paul is the Answer!! BUT, I would take Marco Rubio.
The $1Trillion for Public Works was already spent on Corporate Bailouts, while record profits were being made! Obama promised us public works, he pushed through the spending bill, and the works never materialized, just fat cat bonuses. The economy never recovered, the jobs were never created, and nothing ever trickled down.
So, here we are at the precipice yet again, we raised the ceiling another $1T, and we passed another toothless bill, and yet the credit rating is still going down the toilet, the global stocks are still tumbling, and the gold market is still reaching record highs.
Your way didn't work either. Just another $2T for our kids to carry the burden. In fact, over the 10 year term of this bill, it is more like $20T for our kids to burden. The debt ceiling is doubling about every 5 years. My 4 year old can expect $40T in debt when he graduates high school!
The GDP is not doubling every 5 years, so the deficit is growing and the likelihood of recovering is evaporating fast.
Sorry. There is no way to paint this situation more dire than real. It is just about as bad as it can possibly be, and it is getting worse by the moment. It is impossible to exaggerate, because it is already a worst-case scenario.
Originally posted by evil12day
The part that really pisses me off is the cuts from safety net and medical programs . It's like wow really guys? You're totally fine still funding warfare and greasing your palms with a pretty penny but you're gonna screw the little guys? OUT OF ALL THE PROGRAMS TO CUT THOSE SEEM REASONABLE? How about you lower the salary you get every freaking year huh? Like it would kill you to lose a couple of grand and stop having parties on your yachts for the good of the country. No no can't do that.