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<blockquote data-quote="The Other Side" data-source="post: 1057174" data-attributes="member: 17969">IS raising the debt ceiling something &quot;new&quot; to you TEXAN?Reagan raised the debt ceiling 18 TIMES during his 8 years while racking up huge debt and cutting taxes, George Bush Raised the debt ceiling 7 times in 8 years racking up the highest amount of debt in history, and currently Obama has raised the ceiling 3 time making it even higher.PolitiFact | Obama says Reagan raised debt ceiling 18 times; George W. Bush seven times&quot;&quot;&quot;Among its historical tables is one labeled &quot;Statutory Limits on Federal debt 1940 - Current&quot; (Table 7.3) The table lists 106 increases to the federal debt limit since 1940.&nbsp; &nbsp; More specifically, it lists 18 increases to the debt ceiling between February 1981 and September 1987. In other words, there were 18 under President Ronald Reagan, as Obama said. And there were seven increases between January 2001 and January 2009 -- during George W. Bush&#039;s presidency. We should also note that it has been raised three times already under President Obama, on Feb. 17, 2009, Dec. 28, 2009 and Feb. 12, 2010.&quot;&quot;This isnt new to washington finances.&nbsp; Why not just pretend Obama is following Ronald Reagans leadership?PeaceTOS</blockquote>

[QUOTE="The Other Side, post: 1057174, member: 17969"] IS raising the debt ceiling something "new" to you TEXAN? Reagan raised the debt ceiling 18 TIMES during his 8 years while racking up huge debt and cutting taxes, George Bush Raised the debt ceiling 7 times in 8 years racking up the highest amount of debt in history, and currently Obama has raised the ceiling 3 time making it even higher. PolitiFact | Obama says Reagan raised debt ceiling 18 times; George W. Bush seven times """Among its historical tables is one labeled "Statutory Limits on Federal debt 1940 - Current" (Table 7.3) The table lists 106 increases to the federal debt limit since 1940. More specifically, it lists 18 increases to the debt ceiling between February 1981 and September 1987. In other words, there were 18 under President Ronald Reagan, as Obama said. And there were seven increases between January 2001 and January 2009 -- during George W. Bush's presidency. We should also note that it has been raised three times already under President Obama, on Feb. 17, 2009, Dec. 28, 2009 and Feb. 12, 2010."" This isnt new to washington finances. Why not just pretend Obama is following Ronald Reagans leadership? Peace TOS [/QUOTE]

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