17 times under Regan?!

[white_wolf]

Jon Stewart just listed that we raised the debt ceiling 17 times under Reagan and only 4 times under Clinton. Seriously though 17 times?! How much money was he spending?

[Drale]

1. Well he gave possible trillions to his friend in Iran and elsewhere. /nt

[valerief]

5. Not to mention the two trillion the Penta-gone "lost", per Rummy on 9/10/01. nt

[SharonAnn]

10. He tripled the total national debt in his two terms.

[valerief]

2. "So if you want us to break up with you, get the fuck out!" I loved that line. nt

[spanone]

3. 18 times...

"....So which president wrote the letter? None other than Ronald Reagan, who raised the debt limit 18 times"

http://www.dailykos.com/story/2011/07/20/996655/-House-Democrats-remind-GOP-that-Reagan-raised-debt-limit-18-times-

[JHB]

4. Two trillion...

National debt was about 1 trillion when he came in (calling deficits of 65 billion obscene), debt was 3 trillion when he left.

Funny how none of the RWers ever mention that "Reagan stimulus".

on edit: Note that adjusting for inflation, that would be in the ballpark of $5 trillion in 2011 dollars. $5T over 8 years is a heckuva stimulus package. Or would have been, if it has been spent better.

[Richardo]

6. All of it.

[sudopod]

7. That's what SHE said!

http://xkcd.com/436/

(But yeah, it really highlights how bogus this whole "crisis" is, doesn't it?)

[dkf]

8. Considering the cash cow he turned extra Payroll taxes into that is really bad.

[BeFree]

9. Obama mentioned it too

Yep the right's hero, raised the borrowing limit 17 times.

* raised it 7 times. I hope the people understood that and respond appropriately.

[Lil Missy]

11. 18 times under Regan