Wednesday, January 16, 2013

Reagan Holds Record in Debt Ceiling Increases

The debt ceiling has been raised 49 times under republican presidents and 30 time under democrats, so there you go. Raising the debt ceiling should be a normal course of business because it pays for expenses Congress already incurred. Comparing spending: Reagan's debt ceiling hikes = 18, 67% increase in spending; Obama 6 hikes, 31% increase in spending. Republican hypocrisy, and yet they manage to convince masses that Obama is a big spender.