Debt ceiling hypocrisy

[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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[kalm]

You mean Obama flip flopped?

But of course, both sides are gigantic hypocrites on this...

[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.

[kalm]

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.

[GannonFan]

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.

[AZGrizFan]

Looks like a hockey stick graph.

[HI54UNI]

Looks like a hockey stick graph.

Except this one is real. Unlike the climate change one that cherry picked the data.

[AZGrizFan]

Looks like a hockey stick graph.

Except this one is real. Unlike the climate change one that cherry picked the data.

[Ivytalk]

Increase the ceiling by $1.00, declare a great victory, and go home.

[BDKJMU]

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.

[kalm]

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?

[AZGrizFan]

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.