2006: Obama Against Raising Debt Ceiling

[Zathras]

Fixed

[Satanicus]

The debt ceiling was not raised for Bush you pathetic loser, it was raised for the NATION. The debt ceiling was raised by a DIMWIToRAT Congress. The debt ceiling needs to be rolled back to Pre-O Blah Blha levels. Now go back and roll out your mat, it's nap time.

The debt was raised under the GOP congress.

Do the math , if it was raised every year except the first , then it was being rasied by the GOP congress for a few years.

[Satanicus]

Watch your language. There are children reading this. You should know, being one of them.

Now, here's the lesson. Let's do the math, shall we?

The debt ceiling increased by $3.015 Trillion during Bush's first six years, with Republican congresses, or roughly $500 Billion per year. His last two years in office, with Democratic congresses, saw an increase of $2.350 Trillion, or $1.175 Trillion per year. Obama's first two years in office saw the debt ceiling increase by $2.979 Trillion, or roughly $1.48 Trillion per year.

Thats because Bush was handed a record surplus and Obama was handed a record deficit.

YOU do the math.

[jawilljr]

Thats because Bush was handed a record surplus and Obama was handed a record deficit.

YOU do the math.

Take a look at the graph, from 2004 to 2007 the deficit was shrinking from 2004 to 2007 the deficit was shrinking. It wasn't until 2007 when the dimowits took over congress that we began having record deficits.

You do the math... then again liberals hat facts.

Jerry

[PoliCon]

Thats because Bush was handed a record surplus and Obama was handed a record deficit.

YOU do the math.

Bold faced lie. There never was a surplus. It was all smoke and mirror and budget PROJECTIONS.

That $5.6 trillion surplus never existed. It was a projection by the Congressional Budget Office (CBO) in January 2001 to cover the next decade. It assumed that late-1990s economic growth and the stock-market bubble (which had already peaked) would continue forever and generate record-high tax revenues. It assumed no recessions, no terrorist attacks, no wars, no natural disasters, and that all discretionary spending would fall to 1930s levels.

http://online.wsj.com/article/SB1000...831199046.html

[Molon Labe]

bumping for libtards....to remind them of the O's hypocrisy when he rejects this.

[Satanicus]

Bold faced lie. There never was a surplus. It was all smoke and mirror and budget PROJECTIONS.

http://online.wsj.com/article/SB1000...831199046.html

Your link is talking about the national debt of 5.6 trillion , and a projection of what might happen.

The issue being debated here and now is the fiscal deficit , and there WERE record fiscal surpluses under Clinton...

A rational and informed person would recall the debate at the time over what to do with the surplus , the Dems wanted most of it to be used to pay down the debt , the GOP wanted it to be "returned" to the people via tax cuts , this is a written fact of our history as a nation , these debates took place and there WAS a surplus.

WHY would the GOP debate and fight for a surplus that simply didn't exist ?

President Clinton announced Wednesday that the federal budget surplus for fiscal year 2000 amounted to at least $230 billion, making it the largest in U.S. history and topping last year's record surplus of $122.7 billion."This represents the largest one-year debt reduction in the history of the United States," Clinton said Wednesday morning http://articles.cnn.com/2000-09-27/p...PM:ALLPOLITICS

May 1st 2000 - President Bill Clinton said Monday that the United States would pay off $216 billion in debt this year, bringing to $355 billion the amount of the nation's debt paid down in the three years since the government balanced the budget and began running surpluses.

In a written statement, Clinton said the $216 billion payment represented the largest debt paydown in American history, and he said that the federal government's long-term debt is now $2.4 trillion lower than projected to be when he first took office. http://americanationaldebt.blogspot....ayment-on.html

Now kids , you need to listen up ... Instead of posting the usual ignorant replies like .. "how can the debt be paid down when the debt was still going up ?" ....please read and re-read ..I underlined the part you NEED to focus on , the national debt DIDN'T get smaller , it is simply to massive to be reversed with a 200 billion dollar payment , the interest alone swallows it , but it can be slowed with such a payment , this is why future projections on long term debt are 2.4 trillion lower than projected when he took office , as underlined.

[Odysseus]

Thats because Bush was handed a record surplus and Obama was handed a record deficit.

YOU do the math.

I did the math, which you ignored. And Clinton's surplus was hardly a record. We've had larger surpluses as a percentage of GDP and of the budget, but it has to be pointed out that Clinton's surpluses were based on an accounting trick. By using FICA revenues for the General Fund, Clinton hid the fact that he did spend more than was taken in. He deferred the deficits to the Social Security and Medicare/Medicaid funds, looting them to pay for current spending, and then pretended that he had cut spending, when, in fact, it rose under him. Clinton only cut two areas of spending, the Resolution Trust Corporation, which had incurred massive spending due to the S&L bailouts, but which had completed its task before he took office, and the DOD, which saw a reduction in actual dollars (not adjusted) of over $100 billion per year. Every other area of government spending increased under Clinton.

[Satanicus]

I did the math, which you ignored. And Clinton's surplus was hardly a record. We've had larger surpluses as a percentage of GDP and of the budget, but it has to be pointed out that Clinton's surpluses were based on an accounting trick. By using FICA revenues for the General Fund, Clinton hid the fact that he did spend more than was taken in. He deferred the deficits to the Social Security and Medicare/Medicaid funds, looting them to pay for current spending,

Welcome to the USA , this is how we operate , why are you NOW complaining about it ?

Bush raided SS every year and used it in the general fund , every President does.

And if there is STILL money left over , we call it a surplus.

Under Clinton , there was money left over , when the rest of the presidents did the same thing , there was no money left over.

HINT: "money left over" means surplus

[Odysseus]

Welcome to the USA , this is how we operate , why are you NOW complaining about it ?

Bush raided SS every year and used it in the general fund , every President does.

And if there is STILL money left over , we call it a surplus.

Under Clinton , there was money left over , when the rest of the presidents did the same thing , there was no money left over.

HINT: "money left over" means surplus

I've been complaining about it since my first paycheck, which goes back to before you were born.

The first president to raid SS was Johnson. Before that, it was not done, and the surpluses prior to his administration were real. Clinton employed an accounting trick. And, let us remember Clinton's spending was restrained by congress. As I demonstrated above, in a post which you only seem to have read the first sentence of, the debt rose three times faster under Democrats than under Republicans.