Obama has the two largest debt increases in histroy by far!

01 Aug 2011 20:17 #1 by The Viking
$2.4 Trillion and $1.9 trillion. Before that the biggest debt ceiling increase was Bush with only $984 Billion! Obama sure knows how to go out with a bang! Yeah let's vote him back in so we can hit $25 trillion before he leaves. Start learning Chinese if Obama gets re-elected! (LMAO! Like Americans are stupid enough to do THAT again!)


In fact, according to records published by the Congressional Research Service, if the current bill is passed and the debt limit is increased by $2.4 trillion, the two largest debt-limit increases in U.S. history would come in back-to-back years, both during the presidency of Barack Obama.

Up until now, the largest increase in the debt limit was the $1.9 trillion increase passed by Congress and signed by President Obama on Feb. 12, 2010. That law increased the debt limit from $12.394 trillion to $14.294 trillion.

Up until now, the second largest historical increase in the debt limit was enacted on March 27, 2003, when President George W. Bush signed a law that lifted the limit by $984 billion—from $6.400 trillion to $7.384 trillion.


http://www.cnsnews.com/news/article/24- ... debt-limit

Please Log in or Create an account to join the conversation.

01 Aug 2011 20:22 - 01 Aug 2011 20:28 #2 by Wayne Harrison
It's so nice when you keep two wars off the books during your administration so that it doesn't count against you.

I'm upset with Obama for not end the wars, but I'm glad the country is spending the dough to make health insurance available to everyone, regardless of their prior medical condition.

Please Log in or Create an account to join the conversation.

01 Aug 2011 20:26 #3 by LadyJazzer
Yeah, when the Bush administration blew the $150 Billion surplus that they started with, and proceeded to piss through $11.5 TRILLION with unpaid-for tax cuts, two unpaid for and unnecessary wars, an $800 Billion unpaid-for prescription drug benefit, and a $700 Billion bail-out for his Wall Street bank buddies, one can see how that ol' debt increase got passed on...

Oh, the horror.... (Except, actually, Bush WAS a horror...)

Please Log in or Create an account to join the conversation.

01 Aug 2011 22:04 #4 by The Viking

WayneH wrote: It's so nice when you keep two wars off the books during your administration so that it doesn't count against you.

I'm upset with Obama for not end the wars, but I'm glad the country is spending the dough to make health insurance available to everyone, regardless of their prior medical condition.


Again I wish people would educate themselves. That is part that the Republicans wanted too. They are just smrt enough to know that you don't have to turn our whole system over to the government at the cost of over $1 Trillion in loss and MUCH higher costs and premiums for all.

Please Log in or Create an account to join the conversation.

01 Aug 2011 22:06 #5 by The Viking

LadyJazzer wrote: Yeah, when the Bush administration blew the $150 Billion surplus that they started with, and proceeded to piss through $11.5 TRILLION with unpaid-for tax cuts, two unpaid for and unnecessary wars, an $800 Billion unpaid-for prescription drug benefit, and a $700 Billion bail-out for his Wall Street bank buddies, one can see how that ol' debt increase got passed on...

Oh, the horror.... (Except, actually, Bush WAS a horror...)


$11.5 Trillion with unpaid for tax cuts? Would LOVE to see the link for that! You libs exagerate more and more, the more desparate you get! And again. You refuse to talk about Obama. It is hilarious how he is the Gorilla (some lib will make that racist) in the room that libs are ashamed of and afraid to talk about.

Please Log in or Create an account to join the conversation.

01 Aug 2011 22:28 #6 by pineinthegrass

LadyJazzer wrote: Yeah, when the Bush administration blew the $150 Billion surplus that they started with, and proceeded to piss through $11.5 TRILLION with unpaid-for tax cuts,

Link please

two unpaid for and unnecessary wars,

And how did the Dems vote on those wars?

an $800 Billion unpaid-for prescription drug benefit,

Last time I saw you post on this, you said $700 billion. Now it's $800 billion (inflation?)? And I pointed out the CBO put it closer to the $500 billion range at the time considering income from premiums paid. And it's going to cost far less than even that, plus it's extremly popular with seniors.

and a $700 Billion bail-out for his Wall Street bank buddies, one can see how that ol' debt increase got passed on...

Didn't most Dems support TARP? I'll have to look up Obama's vote. And hasn't TARP done pretty well? Last I looked, much was paid off and it's down to less than $20 billion.

Oh, the horror.... (Except, actually, Bush WAS a horror...)

Only Bush's horror?

Please Log in or Create an account to join the conversation.

02 Aug 2011 11:59 #7 by The Viking

pineinthegrass wrote:

LadyJazzer wrote: Yeah, when the Bush administration blew the $150 Billion surplus that they started with, and proceeded to piss through $11.5 TRILLION with unpaid-for tax cuts,

Link please

two unpaid for and unnecessary wars,

And how did the Dems vote on those wars?

an $800 Billion unpaid-for prescription drug benefit,

Last time I saw you post on this, you said $700 billion. Now it's $800 billion (inflation?)? And I pointed out the CBO put it closer to the $500 billion range at the time considering income from premiums paid. And it's going to cost far less than even that, plus it's extremly popular with seniors.

and a $700 Billion bail-out for his Wall Street bank buddies, one can see how that ol' debt increase got passed on...

Didn't most Dems support TARP? I'll have to look up Obama's vote. And hasn't TARP done pretty well? Last I looked, much was paid off and it's down to less than $20 billion.

Oh, the horror.... (Except, actually, Bush WAS a horror...)

Only Bush's horror?


You killed a thread by presenting them with facts that they can't respond to again!

Please Log in or Create an account to join the conversation.

02 Aug 2011 12:16 #8 by LadyJazzer
Yep, sorry... So, crucify me for the typo... $700 billion instead of $800 billion... In the Bush world, what's a hundred billion... Some of the top 1% get that much in tax breaks in a year.

We've been over this before... The Dems voted on the wars based on lies and cooked intelligence.

Thanks for the convenient, selective edit... The quote was: "...proceeded to piss through $11.5 TRILLION with unpaid-for tax cuts, two unpaid for and unnecessary wars, an $800 Billion unpaid-for prescription drug benefit, and a $700 Billion bail-out for his Wall Street bank buddies" It was the sum total of those... Jeez, you can't even cheat fair.

According to you guys, TARP has been a failure, has created no jobs, and has put the government into socialistically taking over businesses.... Is it suddenly a good thing? My, how we flip-flop.

Please Log in or Create an account to join the conversation.

02 Aug 2011 14:11 - 02 Aug 2011 14:16 #9 by pineinthegrass

LadyJazzer wrote: Yep, sorry... So, crucify me for the typo... $700 billion instead of $800 billion... In the Bush world, what's a hundred billion... Some of the top 1% get that much in tax breaks in a year.

No, the cost wasn't projected at $700 billion either. It was $395 billion. But actual cost over 10 years will be much less because the program provided competition among insurance companies which helped to bring down drug costs.

http://www.cbo.gov/doc.cfm?index=6076&type=0


We've been over this before... The Dems voted on the wars based on lies and cooked intelligence.

What lies and cooked intelligence tricked most all Dems into supporting the Afghanistan war? 9/11 was a lie?

And somehow they got tricked on Iraq by Bush who said much the same stuff Clinton had said?


Thanks for the convenient, selective edit... The quote was: "...proceeded to piss through $11.5 TRILLION with unpaid-for tax cuts, two unpaid for and unnecessary wars, an $800 Billion unpaid-for prescription drug benefit, and a $700 Billion bail-out for his Wall Street bank buddies" It was the sum total of those... Jeez, you can't even cheat fair.

I guess you can't read. I did not edit your post other than insert my comments after each of your points as I'm doing here. I think it makes it clearer just what I am replying to. To see your full quote, just ignore the blue (my comments). An apology is in order.

According to you guys, TARP has been a failure, has created no jobs, and has put the government into socialistically taking over businesses.... Is it suddenly a good thing? My, how we flip-flop.

I've always supported TARP. It's the stimulus I have issues with. No flip-flop here. I assume you supported TARP, but still choose to bash Bush about it?

Please Log in or Create an account to join the conversation.

02 Aug 2011 14:15 #10 by LadyJazzer
You posted: "Yeah, when the Bush administration blew the $150 Billion surplus that they started with, and proceeded to piss through $11.5 TRILLION with unpaid-for tax cuts,"


I posted: "Yeah, when the Bush administration blew the $150 Billion surplus that they started with, and proceeded to piss through $11.5 TRILLION with unpaid-for tax cuts, two unpaid for and unnecessary wars, an $800 Billion unpaid-for prescription drug benefit, and a $700 Billion bail-out for his Wall Street bank buddies, one can see how that ol' debt increase got passed on..."

There will be no apology...'cept maybe when hell freezes over...

Please Log in or Create an account to join the conversation.

Time to create page: 0.134 seconds
Powered by Kunena Forum
sponsors
© My Mountain Town (new)
Google+