Tuesday, July 26, 2011
George W Bush Raised Debt Ceiling Seven Times
All but two presidents since 1939 have raised the national debt ceiling multiple times, according to Politifact.com. However, when President Clinton did it, George W Bush did not oppose it, at least publicly. (Why would a state governor do that anyway, right, unless he planned to run for president sometime in the future). However in Obama's case, he voted 'no' while in congress on raising the debt ceiling in 2006, while George W Bush was in office, in order to make a public, political point. Now we've come full circle and Obama needs the money. It appears Obama didn't properly planificate he might need to ask congress for a trillion or so dollars in the future.
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