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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Halls of Shrewd'm / US Policy
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Author: commonone   😊 😞
Number: of 84364 
Subject: OT: Debt Ceiling Facts
Date: 05/22/23 5:39 PM
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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.
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This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
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