Politics as Usual
Here’s a breakdown of the seven debt limit increases that took place during the Bush presidency, which nearly doubled the debt ceiling, and how the four Republican leaders voted:
June 2002: Congress approves a $450 billion increase, raising the debt limit to $6.4 trillion. McConnell, Boehner and Cantor vote “yea,” Kyl votes “nay.”
May 2003: Congress approves a $900 billion increase, raising the debt limit to $7.384 trillion. All four approve.
November 2004: Congress approves an $800 billion increase, raising the debt limit to $8.1 trillion. All four approve.
March 2006: Congress approves a $781 billion increase, raising the debt limit to $8.965 trillion. All four approve.
September 2007: Congress approves an $850 billion increase, raising the debt limit to $9.815 trillion. All four approve.
Database searches revealed no demands from the four legislators that debt increases come accompanied by drastic spending cuts. In fact, the May 2003 debt limit increase passed the Senate the same day as the $350 billion Bush tax cuts for the wealthy. When Bush was in office, the current Republican leaders viewed increasing the debt limit as vital to keeping America’s economy running. But with Obama in the White House, it’s nothing more than a political pawn.
And, in case you were wondering, the nation’s debt ceiling has been raised three times (with a fourth coming soon) under President Obama.
Why don’t the American people see this current situation as what it is: playing politics with this country’s economy for political gain!
Congress has known what it had to do for months, and it is totally irresponsible to allow it to get to the 11th hour. Congress has nothing to worry about — its big salaries and health care will continue regardless — but members are playing Russian roulette with the middle class.
Get rid of the tax credits and loopholes and allow everyone to pay their fair share of the tax bill!
More like this story