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Switch to Forum Live View Lawmakers Strike Major Budget Deal
2 years ago  ::  Oct 29, 2015 - 10:31AM #11
Jasr
Posts: 14,876

Sounds like a terrible time to slash taxes on the rich, if the debt is as much of a concern as the right makes it out to be.

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2 years ago  ::  Oct 29, 2015 - 11:49AM #12
Find1Answer
Posts: 7,913

Oct 28, 2015 -- 8:03PM, Erey wrote:

OK how many times have they lifted the debt ceiling since Obama took office?


I ask not to blame Obama but to frame the time.


Clearly we are not doing anything to truly ballance the budget if we keep having to raise the debt ceiling. 


Depending on who is doing the research, it is said that the US has raised its debt ceiling (in some form or other) at least 90 times in the 20th century.[11]


The debt ceiling has been raised 74 times since March 1962,[12] including 18 times under Ronald Reagan, eight times under Bill Clinton, seven times under George W. Bush, and five times under Barack Obama. In practice, the debt ceiling has never been reduced, even though the public debt itself may have reduced.


Congress has raised the debt ceiling 14 times from 2001-2013. The debt ceiling was raised a total of 7 times (total increase of $5365bil) during Pres. Bush's eight-year term and it has been raised 7 times (as of 10/2013 a total increase of $5385bil) under Pres. Obama's term as of 2013 (five years in office).


en.wikipedia.org/wiki/History_of_United_...


No I do not see either party doing anything to balance any budget.    Both sides ask for more without eliminating anything prior.     Every one crows about Obama raising the debt to 17 trillion but do not acknowledge that he maintained Bush's spending and then some.      As long as this country continues to fund the MIC and the war profiteers you will not see any balanced budget hence the need to raise the debt limit.      The stopgap temporary measures congress has passed for political reasons rather than pragmatic reasons is why we have seen so many battles.    Raising the debt limit used to be without little fanfare.


Human nature leads people to put each other in neat boxes. Some put all women into one category, even though Sarah Palin and Hillary Clinton both exist. Black Lives Matter activists are arrested for civil disobedience nationwide, but we talk about “the black vote” as though Republican Ben Carson isn’t running for president and conservative Clarence Thomas isn’t a justice of the Supreme Court.

The Right Wing and the Left Wing come from the same bird.
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2 years ago  ::  Oct 29, 2015 - 5:15PM #13
Jasr
Posts: 14,876

Oct 29, 2015 -- 11:49AM, Find1Answer wrote:


No I do not see either party doing anything to balance any budget.    Both sides ask for more without eliminating anything prior.     Every one crows about Obama raising the debt to 17 trillion but do not acknowledge that he maintained Bush's spending and then some.      




Not really. According to these FRED statistics:


research.stlouisfed.org/fred2/series/FYF...


The deficit began to balloon at the end of the Bush 2 presidency, with the highest point being reached at the beginning of the Obama presidency, and it has been going down since.


And note that Bush 2 inherited a surplus and quickly annihilated it with a tax cut which accomplished nothing, and then unfunded wars.


If the budget and the national debt are truly a concern, the only way to address it is with tax adjustments as well as spending cuts, as the Bush 1 and Clinton administrations demonstrated.


Current Republican proposals to slash taxes for the wealthy will accomplish the same thing that they did when Bush 2 was president.

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2 years ago  ::  Oct 30, 2015 - 2:44PM #14
Stardove
Posts: 17,597

Now it is time for Obama's pen. Good or bad I'm happy no government shut down will happen.


According to CNN:


The Senate Friday morning gave final approval to a large fiscal package that would prevent a U.S. default next week and lower the risk of a government shutdown in December.

The bill now goes to President Barack Obama, who is expected to sign it. The vote was 64 to 35.

The budget increases federal spending on defense and domestic programs more than $80 billion for the next two years and suspends the nation's debt limit through March 2017.

The measure had broad support from Democrats but limited support from Republicans, many of whom complained that the deal, brokered by bipartisan congressional leaders, contained too much spending.


Beliefnet Community Wide Moderator ~ Peace Love Stardove


People change for two main reasons: either their minds have been opened or their hearts have been broken.
---Anonymous

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