Debt Ceiling Raised Seven Times Under Obama, Costing $43,000 Per Household

This is like me running up my credit card and then running to mom to pay it and calling her an idiot if she doesn't.

reply to post by links234


Yes raise taxes ??!!??

FY2012 shows $3.5 Trillion binge spending with a $1 Trillion deficit.

FY2012 only had $2.45 Trillion in revenues.

How much of a tax increase ?

Who would pay that difference ?

Socialist binge spending don't work --- = Fail....

The problem is the spending, not the revenues.

xuenchen
The problem is the spending, not the revenues.

That's kind of what I just said...we're spending too much and not taking enough in.

You only seem to have read one part of my post.

reply to post by Agit8dChop

Yes, Obama inherited a mess from Bush, but he promised to change things - remember that? Those charts don't show much change to me. He's had quite a bit of time now no?

Has our economy Improved - my under and unemployed friends haven't noticed? Has our debt decreased? Please tell me something he has done to reverse the course of Bush.

Don't cover for Obama's incompetence by pointing to Bush's. BTW, never said Bush wasn't a disaster either.

Meet the new boss.....

PlatinumShatinum
This is like me running up my credit card and then running to mom to pay it and calling her an idiot if she doesn't.

Maybe more along the lines of: maxing out your credit cards, applying for more cards - when the card company starts telling you 'no' you call them idiots. I mean come on, why can't they give another card?

1. Debt Ceiling Under Obama

The debt ceiling has been raised on three occasions under President Barack Obama. The debt ceiling was $11.315 trillion when the Democrat was sworn into office in January 2009 and increased by nearly $3 trillion or 26 percent by summer 2011, to $14.294 trillion. Under Obama the debt ceiling increased:

by $789 billion to $12.104 trillion in February 2009, Obama's first year in office, under the American Recovery and Reinvestment Act;
by $290 billion to $12.394 trillion ten months later, in December 2009;
and by $1.9 trillion to $14.294 trillion two months later, in February 2010.

2. Debt Ceiling Under Bush

The debt ceiling was raised on seven occasions during President George W. Bush's two terms in office, from $5.95 trillion in 2001 to nearly double that, $11.315 trillion, in 2009 - an increase of $5.365 trillion or 90 percent. 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;
and by $700 billion to $11.315 trillion three months later, in October 2008.

3. Debt Ceiling Under Clinton

The debt ceiling was raised on four occasions during President Bill Clinton's two terms, from $4.145 trillion when he took office in 1993 to $5.95 trillion when he left the White House in 2001 - an increase of $1.805 trillion or 44 percent. 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;
and by $450 billion to $5.95 trillion 17 months later, in August 1997.

4. Debt Ceiling Under Bush

The debt ceiling was raised on four occasions during President George H.W. Bush's one term, from $2.8 trillion when he took office in 1989 to $4.145 trillion when he left the White House in 1993 - an increase of $1.345 trillion or 48 percent. 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;
and by $915 billion to $4.145 trillion one month later, in November 1990.

5. Debt Ceiling Under Reagan

The debt ceiling was raised on 17 occasions under President Ronald Reagan, nearly tripling from $935.1 billion to $2.8 trillion. 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;
and $2.8 trillion in September 1987.

usgovinfo.about.com...

I'm so sick of this one-sided, piling on crap happening at ATS these days. Truly, truly sick of it. No one even bothers to check facts. Sorta like...well never mind.

reply to post by ~Lucidity


very clever.

Your link that says Obama raised the debt ceiling 3 times is absolutely correct.

But that story was written a few years ago !!!!!

The debt ceiling under Obama has in fact been raised 7 times.

This table shows 6. Add the one in early 2013 makes 7....

Understanding the Federal Debt Limit (January 14, 2013)

Fine add the others if there are any. That wasn't the point. The point is the comparison. They ALL do it. Not to mention that piling up interest on debt incurred by past administrations with our blessings it seems is what is eating up the bulk of it. But that doesn't appear to even factor in or matter to most of the posters in this thread (and many other threads around here lately). Like I said. Sick of it.

10 Inconvenient Truths About the Debt Ceiling

Yeah it's two years old too, but they're stil true and stilll inconvenient, eh?

reply to post by Maluhia

Yes, Obama inherited a mess from Bush, but he promised to change things - remember that? Those charts don't show much change to me. He's had quite a bit of time now no?

You have to have a congress that is willing to bargain the Republicans don't bargain they make demands. The Republicans have shot down everything no matter if it benefited the country or not. He could just say the heck with congress and executive order everything do you want that? I sure wouldn't.

reply to post by Maluhia

Yes, Obama inherited a mess from Bush, but he promised to change things - remember that? Those charts don't show much change to me. He's had quite a bit of time now no?

You have to have a congress that is willing to bargain.

The Democrats don't bargain they make demands and blame everybody else for their miserable failures.

The Democrats have shot down everything no matter if it benefited the country or not.

Obama has said the heck with congress and issues executive orders for everything anyway.