During George W. Bush’s two terms in office, the debt ceiling was raised 7 times and the national debt went up 4.1 trillion dollars. Funny thing is that I do not remember any Republicans making hay out of those two facts.
President Reagan, also a Republican, raised the debt ceiling 18 times – and again, does anyone remember any Republicans raising any concerns about the debt ceiling being raised back then? Of course not.
So, why all the commotion about raising it during Obama’s presidency. Could it be simply because the Dems are in the White House or could the reason be more sinister?
Could the primary reason be because President Obama is our first black president and Republicans, especially from the South resent him being in office because he is black?
Or could it be that the two parties have gotten so far apart the Republicans are raising all this hell in an effort to regain the White House as well as the Senate in 2012?
One last thing – the Republicans are opposed to rolling back the Bush tax cuts because they say it will hurt small business. So, I suggest rolling back the cuts only on those making more than $1,000,000 because that would have the least impact on small business and it would provide our government with much needed revenues. I suggest this roll back only be done if some serious budget cutting is also done.
That would be a compromise I could live with.