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Thread: Debt ceiling cost to taxpayers: $1.7 billion

  1. #231
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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by The Prof View Post
    he had sixty senators for a year

    but, you're right, it's not his fault

    they made me do it

    LOL!

    leadership, anyone?

    LMAO..... you know I hear this all the time, they own all 3 branches of government, and anything that does or doesn't get done, is the Republicans fault, they own two branches of government and anything that does or doesn't get done is the Republicans fault, when Republicans owned all three branches of government .. . it' Republicans fault, when Republicans own two branches of government it's Republicans fault .. .

    It just the Democrats mantra …. it's not our fault .. blame someone else.

    To anyone that can think, one can only assume, that Democrats are just very inept at doing their jobs, and refuse to admit so, so like all those that can't do their jobs, it's always someone else's fault

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Gentlemen, the real crisis is inherent to the very US political system. This is what nobody is commenting in the media.

    Why do lawmakers have to wait until the nation is threatened with a downgrade of its credit rating score to act accordingly?

    Why wasn't a more competitve deal passed 3, 4, 5, 6 years ago when it wouldn't have been so painful for the American people?

    Truth is, banks and credit companies have extended their horizon of operation. The national budget has been included under their wide umbrella of markets with a potential profit.

    Lawmakers aren't acting as representatives of the American people anymore. They're serving banks and credit companies by putting them ahead of the common national popular interest.

    As simple as that. There's hardly one responsible lawmaker or President left in America's modern political era, who can truly say he's been worried about this problem.

    And make no mistake about it. This economic austerity demanded now, which indeed comes too late for the American people, won't be able to be sustained in the future without adding tons of pain and sacrifice for the American people.

    This may well have marked the end of the United States as THE example to follow. Playing with the hard-earned wealth of citizens can never be seen as a model to imitate.

    This spells catastrophe for the coming generations. If you wanted your children to grow up in a safe environment, well let me tell you, you've just done the opposite.
    Last edited by Иосиф Сталин; 08-04-11 at 08:28 AM.
    Freedom is not free.

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by haymarket View Post
    Apparently the executives who run the companies felt the contracts they negotiated were indeed in the best interests of the company and they could make money within them or they would not have negotiated them or singed them.

    Or am I mistaken that they participated freely in that process?
    Sure, one could also say that hostages in a bank robbery participate freely too, because they don't want to die.

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by Redbeard View Post
    As for the OP, CNN revised the 1.7 Billion down to 18 Million.

    Now, per your quote above, this may be of some interest.

    Presidents with control of the White House and both houses of congress (all 3 branches for at least 2 years or more of their term) from 1940 to present.

    FDR=D..Truman=D..JFK=D..LBJ=D..Carter=D..Clin ton=D..Bush II=R..Obama=D Notice BushII the only Republican in that class.

    Republican President===54 Debt Ceiling Changes
    Democratic President===37 Debt Ceiling Changes

    Republican Senate====22 Debt Ceiling Changes
    Democratic Senate ====69 Debt Ceiling Changes

    Republican House ====9 Debt Ceiling Changes
    Democratic House====82 Debt Ceiling Changes

    Over the last 71 years, Republican presidents have signed 54 changes to the nation's debt ceiling into law, while Democratic presidents have signed 37 changes into law.

    Here is a breakdown by president: Dems in office 7 times to Repubs 6 times since 1940.

    Pres. | Political Party=D/R | # debt limit increased | Congressional Majority

    Franklin D. Roosevelt, D, 6--Democrat majority in both congressional houses
    Harry Truman, D, 1--Democrat majority in both congressional houses
    Dwight Eisenhower, R, 7--1953/54 Senate=R--House=D 1955/60 saw Democrat majority in both houses
    John F. Kennedy, D, 4--Democrat majority in both congressional houses
    Lyndon B. Johnson, D, 7--Democrat majority in both congressional houses
    Richard Nixon, R, 8--Democrat majority in both congressional houses
    Gerald Ford, R, 5--Democrat majority in both congressional houses
    Jimmy Carter, D, 9--Democrat majority in both congressional houses
    Ronald Reagan, R, 18--1981 thru 1986--R majority in Senate and D majority in the House. 1987 thru 88--Democrat majority in both congressional houses
    George H.W. Bush, R, 9--Democrat majority in both congressional houses
    Bill Clinton, D, 6--1993/94--Democrat majority in both congressional houses 95-thru-2000--Republican majority in both congressional houses.
    George W. Bush, R, 7--01/02--D majority in SenateR majority in House. 03-thru-06 Republican majority in both congressional houses. 07/08--Democrat majority in both congressional houses.
    Barack Obama, D, 4----08/2010--Democrat majority in both congressional houses. 2010 to present--R majority in HouseD majority in Senate.
    Please tell me which President generated these results?

    U.S. Debt Reaches 100 Percent of Country's GDP - FoxNews.com

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by Redbeard View Post
    As for the OP, CNN revised the 1.7 Billion down to 18 Million.

    Now, per your quote above, this may be of some interest.

    Presidents with control of the White House and both houses of congress (all 3 branches for at least 2 years or more of their term) from 1940 to present.

    FDR=D..Truman=D..JFK=D..LBJ=D..Carter=D..Clin ton=D..Bush II=R..Obama=D Notice BushII the only Republican in that class.

    Republican President===54 Debt Ceiling Changes
    Democratic President===37 Debt Ceiling Changes

    Republican Senate====22 Debt Ceiling Changes
    Democratic Senate ====69 Debt Ceiling Changes

    Republican House ====9 Debt Ceiling Changes
    Democratic House====82 Debt Ceiling Changes

    Over the last 71 years, Republican presidents have signed 54 changes to the nation's debt ceiling into law, while Democratic presidents have signed 37 changes into law.

    Here is a breakdown by president: Dems in office 7 times to Repubs 6 times since 1940.

    Pres. | Political Party=D/R | # debt limit increased | Congressional Majority

    Franklin D. Roosevelt, D, 6--Democrat majority in both congressional houses
    Harry Truman, D, 1--Democrat majority in both congressional houses
    Dwight Eisenhower, R, 7--1953/54 Senate=R--House=D 1955/60 saw Democrat majority in both houses
    John F. Kennedy, D, 4--Democrat majority in both congressional houses
    Lyndon B. Johnson, D, 7--Democrat majority in both congressional houses
    Richard Nixon, R, 8--Democrat majority in both congressional houses
    Gerald Ford, R, 5--Democrat majority in both congressional houses
    Jimmy Carter, D, 9--Democrat majority in both congressional houses
    Ronald Reagan, R, 18--1981 thru 1986--R majority in Senate and D majority in the House. 1987 thru 88--Democrat majority in both congressional houses
    George H.W. Bush, R, 9--Democrat majority in both congressional houses
    Bill Clinton, D, 6--1993/94--Democrat majority in both congressional houses 95-thru-2000--Republican majority in both congressional houses.
    George W. Bush, R, 7--01/02--D majority in SenateR majority in House. 03-thru-06 Republican majority in both congressional houses. 07/08--Democrat majority in both congressional houses.
    Barack Obama, D, 4----08/2010--Democrat majority in both congressional houses. 2010 to present--R majority in HouseD majority in Senate.
    perhaps you could add the size of the increases, context?

  6. #236
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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by pbrauer View Post
    Conservatives don't care about the cost as long as it serves their political goals, in my opinion.

    Debt ceiling cost: $1.7 billion for Treasury bills - Aug. 1, 2011
    Democrats Far More Happy With Debt Deal Than Republicans, Poll Shows - FoxNews.com

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by Conservative View Post
    Please tell me which President generated these results?

    U.S. Debt Reaches 100 Percent of Country's GDP - FoxNews.com
    No problem. Truman and Obama
    Last edited by Redbeard; 08-04-11 at 01:42 PM.

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by Redbeard View Post
    No problem. FDR and Obama
    Yep, you nailed it

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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by Conservative View Post
    Yep, you nailed it
    I say Truman as FDR died in office April 45, Truman took over.

  10. #240
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    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by Redbeard View Post
    I say Truman as FDR died in office April 45, Truman took over.
    FDR Policies and paying for WWII

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