National Debt increased 51% under Bush

[adigal]

http://www.washingtonpost.com/ac2/wp-dyn/A60963-2004Nov18?language=printer

"The strict rules that once limited tax cuts and entitlement spending increases lapsed two years ago. Limits on spending lost their teeth. This year, Congress failed to pass a budget altogether.

Last night, with the federal government warning that it was on the verge of defaulting on its debts, the House rejected efforts to reimpose restrictions on tax cuts and spending, then joined the Senate to raise the federal debt limit by $800 billion, to $8.18 trillion."

They must raise the limit to keep us from defaulting on our debts, it seems. Those Republicans, they really love small government, don't they.

They did it again in December 2005:

http://www.washingtonpost.com/wp-dyn/content/article/2005/12/29/AR2005122901520.html

And again, now:

http://www.ombwatch.org/article/blogs/entry/1432/2

"Tuesday, January 10, 2006

Congress to Increase Debt Limit for Fourth Time In Four Years

Last April Congress called for an increase in the debt limit -- the national debt is expected to hit $8,184 billion in mid-February -- however they have yet to act. Lawmakers are expected to take up the issue in February after voting on final tax and budget reconciliation bills, marking the fourth time during President Bush's presidency the debt limit has needed to be raised. In a recent letter to Congress, Secretary of the Treasury John Snow said that unless the debt ceiling is raised by mid-March, "we will be unable to continue to finance government operations."

Another source said that Bush has increased the debt by 51%.

[no_hypocrisy]

1. So the plan is to vote the tax cuts to be permanent and THEN

raise the debt ceiling, not vice versa. How effin' convenient. Wish I could go to town at Neiman Marcus and then raise my credit card limit.

[no_hypocrisy]

2. Dupe. Sorry.

[Toots]

3. We are spending a half million dollars a minute on debt expense

And the figure is set to explode. Remember that half million dollars a minute is at a very low "rate" Lowest rates since the fifties, but they are starting to rise and the rise will escalate rapidly. A half million a minute and Clinton had us on the road to having the debt eliminated. All that money could be paying for Health Care and education.

[mediaman007]

4. Only 51% ? Man, he only has three years to go...bet he can make 100% !

[Ravenseye]

5. 4 Choices: Raise Taxes, Cut Spending, Borrow Money

Or a combination of the three.

The sane approach would be to modestly raise taxes simply by erasing the President's tax cuts. We were able to survive under Clinton with that level of taxation just fine. Secondly cut spending by eliminating the biggest drain, Iraq. We simply can't afford to be there financially.

Instead our supposed 'Conservative' government is lowering taxes, inreasing spending, and borrowing more and more money.

Republicans should feel shame about this.

[SoCalDem]

6. A 39% popular guy cleaned out 100% of the treasury and put us 51% in debt

he's a "numbers" guy after all