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Debt ceiling hypocrisy
Posted: Thu Jan 17, 2013 6:34 am
by ASUG8
[youtube]
http://www.youtube.com/watch?v=RWOMsugKkfk[/youtube]
Obama’s 2006 speech on the debt limit
“Mr. President, I rise today to talk about America’s debt problem. 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.”
Here, Obama is sounding a bit Tea Partyish.
“It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our government’s reckless fiscal policies. Over the past five years, our federal debt has increased by $3.5 trillion to $8.6 trillion. That is ‘‘trillion’’ with a ‘‘T.’’ That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers.”
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Re: Debt ceiling hypocrisy
Posted: Thu Jan 17, 2013 6:44 am
by kalm
You mean Obama flip flopped?
But of course, both sides are gigantic hypocrites on this...
Re: Debt ceiling hypocrisy
Posted: Thu Jan 17, 2013 6:51 am
by ASUG8
And here I thought YOU were the fisherman.
No question both sides do it, just interesting to see how passionate Obama and Reid were in '06 as debt ceiling increases being such a "failure of leadership" and now are so fervently passionate that an increase isn't up for debate. No to go all KYJelly on you, but it's a pretty disturbing trend with the Dems in control of late. Per Wiki:
Also note from the '06 Reid speech he references how we didn't need to go to $9T - we're over $16T now, an increase of 77%+ in 6 years.
Re: Debt ceiling hypocrisy
Posted: Thu Jan 17, 2013 7:01 am
by kalm
ASUG8 wrote:And here I thought YOU were the fisherman.
No question both sides do it, just interesting to see how passionate Obama and Reid were in '06 as debt ceiling increases being such a "failure of leadership" and now are so fervently passionate that an increase isn't up for debate. No to go all KYJelly on you, but it's a pretty disturbing trend with the Dems in control of late. Per Wiki:
Also note from the '06 Reid speech he references how we didn't need to go to $9T - we're over $16T now, an increase of 77%+ in 6 years.
Agreed on the hypocrisy, but something DID happen between 2006 and today.
According to that graph, a Democratic President and Republican controlled congress is ideal, but steer clear of a Democratic congress in all circumstances.
Re: Debt ceiling hypocrisy
Posted: Thu Jan 17, 2013 8:04 am
by GannonFan
kalm wrote:ASUG8 wrote:And here I thought YOU were the fisherman.
No question both sides do it, just interesting to see how passionate Obama and Reid were in '06 as debt ceiling increases being such a "failure of leadership" and now are so fervently passionate that an increase isn't up for debate. No to go all KYJelly on you, but it's a pretty disturbing trend with the Dems in control of late. Per Wiki:
Also note from the '06 Reid speech he references how we didn't need to go to $9T - we're over $16T now, an increase of 77%+ in 6 years.
Agreed on the hypocrisy, but something DID happen between 2006 and today.
According to that graph, a Democratic President and Republican controlled congress is ideal, but steer clear of a Democratic congress in all circumstances.
I'm not so sure a Democratic congress is a bad thing, but I think we can all agree that a supermajority congress with the same party controlling the White House is a bad thing. Very bad thing.
Re: Debt ceiling hypocrisy
Posted: Thu Jan 17, 2013 9:15 am
by AZGrizFan
Looks like a hockey stick graph.
Re: Debt ceiling hypocrisy
Posted: Thu Jan 17, 2013 9:38 am
by HI54UNI
AZGrizFan wrote:Looks like a hockey stick graph.
Except this one is real. Unlike the climate change one that cherry picked the data.
Re: Debt ceiling hypocrisy
Posted: Thu Jan 17, 2013 10:26 am
by AZGrizFan
Re: Debt ceiling hypocrisy
Posted: Thu Jan 17, 2013 11:35 am
by Ivytalk
Increase the ceiling by $1.00, declare a great victory, and go home.
Re: Debt ceiling hypocrisy
Posted: Thu Jan 17, 2013 12:53 pm
by BDKJMU
kalm wrote:You mean Obama flip flopped?
But of course, both sides are gigantic hypocrites on this...
What a crock. Your chart only shows the Obama increase through Aug 2011, Obama's 1st 19 months in Aug, the last time the debt ceiling was raised, yet shows 3 other presidents through 8 years.
Obama is on pace to exceed both Bush's and Clinton.
Plus its under Obama's watch that our national debt exceeded 100% of GDP for the 1st time since 1947.
Re: Debt ceiling hypocrisy
Posted: Thu Jan 17, 2013 12:55 pm
by kalm
BDKJMU wrote:kalm wrote:You mean Obama flip flopped?
But of course, both sides are gigantic hypocrites on this...
What a crock. Your chart only shows the Obama increase through Aug 2011, Obama's 1st 19 months in Aug, the last time the debt ceiling was raised, yet shows 3 other presidents through 8 years.
Obama is well on his way to exceeding Bush and Clinton.
So how many times has it been raised in his first 4 years?
Re: Debt ceiling hypocrisy
Posted: Thu Jan 17, 2013 3:06 pm
by AZGrizFan
kalm wrote:You mean Obama flip flopped?
But of course, both sides are gigantic hypocrites on this...
250% of $1 trillion, versus 44.8% of 11.315 trillion.
Debt ceiling was $11.315 trillion when Obama was sworn in. It's $16.39 trillion today and they're asking for more. The debt has increased under Obama more than every previous president combined up to Bill Clinton.