George W Bush served two full terms as the 43rd President of the United States, so we know he can't officially be "brought back." However, we can still want it. Do you miss him yet?
Showing posts with label George W Bush Debt Ceiling Default Federal Deficit. Show all posts
Showing posts with label George W Bush Debt Ceiling Default Federal Deficit. Show all posts
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.
Sunday, July 24, 2011
Will The US Default On $14.5 Trillion Debt?
The US Federal Budget Deficit is nearly $1.4 trillion and climbing. The US Debt Clock lays out the numbers. The debt ceiling aside for a moment, if your were President Obama or Speaker Boehner, what would you cut to balance the budget? How would George W Bush do it? How about the $212 billion in interest payments for starters? The United States' largest creditor is China. Is is wise to owe the Chinese government over $585 billion? Why should America have to borrow money from any foreign government?
Subscribe to:
Posts (Atom)