Subject: OT: Debt Ceiling Facts
Saw these debt ceiling facts today...
The GOP raised the debt ceiling:
- 3 times under Trump
- 7 times under W. Bush
- 18 times under Reagan
97% of all US debt was incurred prior to Biden's presidency.
25% of all US debt was incurred under Trump.
The debt ceiling has never been lowered (but the U.S. does occasionally pay off debt).
Never.
Somebody recently said: "That's a very, very sacred thing in our country, debt ceiling. We can never play with it."
And said: "When I first came into office I asked about the debt ceiling. And I said, I remember to Sen. Schumer and to Nancy Pelosi, 'Would anybody ever use that to negotiate with?' They said, 'Absolutely not.'"
And also said: "That's a sacred element of our country. They can't use the debt ceiling to negotiate."
But now?
The Orange Orb says Republicans should allow a default "unless they get everything they want. Do not fold!!!"
Huh.