JustRalph
07-31-2011, 06:59 PM
Rubio takes a question from John Kerry, and Kerry admits that the argument a few years ago by Obama and others, against raising the debt limit, was all theater. It's no longer a failure of leadership ?
But now the Dems are serious.
give me a break....... Watch the video or read the transcript
http://www.theblaze.com/stories/marco-rubio-takes-on-hypocrisy-of-debt-rhetoric-and-john-kerry/
Rubio standing up to an old dog who thinks his service over the last 20 years has been beneficial...... :bang:
Saw some interesting facts in the comments section of the link above:
"The twelve year Republican Congress (which started in 1995 and concluded by 2007) raised the Debt Ceiling by $4 trillion. During the following four years that the Democrats had the Congress, the Ceiling was raised by a total of $5.3 trillion. Here it gets juicy: The Debt Ceiling under President Reagan was raised eighteen times to a total of $1.85 trillion (See Table 7.3). This is less than the $3 trillion-plus already raised under President Obama! Raising the Ceiling 18 times during the eight Reagan years meant a Ceiling battle every 5.3 months (on average), with an average rise of only $102 billion per increase. So… does Obama really want to get the Reagan Treatment? Well… Em, ah, er.
(Even after adjusting for inflation, Reagan got way less per increase than what Obama got — $1 trillion per pop for Obama, on average! In terms of the amount of times Reagan needed to ask for an increase, well… a year still has only twelve months in it just as it did twenty-thirty years ago. Reagan was forced to stand before Congress every 5.3 months asking for money, but Obama is not happy with the Republican House offer of a seven-eight month extension) An honest debate about the Ceiling is NOT how many times it was raised by this Congress or under that President. Instead, let’s see by how much it was raised; by how much more will we raise it, and how fast will we burn through the new debt. "
But now the Dems are serious.
give me a break....... Watch the video or read the transcript
http://www.theblaze.com/stories/marco-rubio-takes-on-hypocrisy-of-debt-rhetoric-and-john-kerry/
Rubio standing up to an old dog who thinks his service over the last 20 years has been beneficial...... :bang:
Saw some interesting facts in the comments section of the link above:
"The twelve year Republican Congress (which started in 1995 and concluded by 2007) raised the Debt Ceiling by $4 trillion. During the following four years that the Democrats had the Congress, the Ceiling was raised by a total of $5.3 trillion. Here it gets juicy: The Debt Ceiling under President Reagan was raised eighteen times to a total of $1.85 trillion (See Table 7.3). This is less than the $3 trillion-plus already raised under President Obama! Raising the Ceiling 18 times during the eight Reagan years meant a Ceiling battle every 5.3 months (on average), with an average rise of only $102 billion per increase. So… does Obama really want to get the Reagan Treatment? Well… Em, ah, er.
(Even after adjusting for inflation, Reagan got way less per increase than what Obama got — $1 trillion per pop for Obama, on average! In terms of the amount of times Reagan needed to ask for an increase, well… a year still has only twelve months in it just as it did twenty-thirty years ago. Reagan was forced to stand before Congress every 5.3 months asking for money, but Obama is not happy with the Republican House offer of a seven-eight month extension) An honest debate about the Ceiling is NOT how many times it was raised by this Congress or under that President. Instead, let’s see by how much it was raised; by how much more will we raise it, and how fast will we burn through the new debt. "