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Question - How many times was the debt ceiling raised during Clinton?

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Viva_La_Revolution Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-16-06 11:29 AM
Original message
Question - How many times was the debt ceiling raised during Clinton?
Edited on Thu Mar-16-06 11:30 AM by Viva_La_Revolution
I know it's been raised twice by Bush.


I'm currently in discussions with a freeper that claims the financial #'s have always been fudged even during Clinton's years, and there never was a surplus. I know some of what he says is true, but not all.
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MadMaddie Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-16-06 11:31 AM
Response to Original message
1. Tell him it doesn't matter what happened during Clintons years..
What matters is what is happening now.....the government is broke....the rich are getting richer and the rest of the country is getting poorer...
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SpiralHawk Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-16-06 12:02 PM
Response to Reply #1
9. Freepers are SO into the Last Millennium
Edited on Thu Mar-16-06 12:02 PM by SpiralHawk
When it comes to making their Endless EXCUSES.

They have no interest in the present Mess O' Affairs
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liberal N proud Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-16-06 11:31 AM
Response to Original message
2. I thought I heard on the radio this AM that it was raised 4 times for bu$h
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Sammy Pepys Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-16-06 11:33 AM
Response to Original message
3. Don't know...
..but the link below says it been raised over 70 times in the past 50 years:
http://www.mindfully.org/Reform/2006/US-Debt-Ceiling8ja...
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Viva_La_Revolution Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-16-06 11:40 AM
Response to Reply #3
4. thanks. good info there...
"These actions, MacGuineas said, would include putting IOUs instead of cash into federal retirement accounts -- a tactic that Clinton administration Treasury Secretary Robert Rubin first employed in 1996, when Republican lawmakers balked at raising a debt ceiling then at $4.9 trillion.

Back then, some lawmakers in the Republican-controlled House of Representatives called for Rubin's impeachment, saying his action usurped the powers of Congress. But in 2002, when the Bush administration was about to hit the $5.95 trillion debt limit it inherited from President Bill Clinton, then-Treasury Secretary Paul O'Neill employed Rubin's tactic to buy time until Congress raised the debt ceiling to $6.4 trillion in June.

Alas, that limit lasted just 11 months. In May 2003, Congress authorized borrowing of $7.4 trillion. In November 2004, lawmakers upped the credit ante to $8.184 trillion. Now, Snow says the limit must be raised yet again to protect "the 'full faith and credit' of the United States."

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patdem Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-16-06 11:41 AM
Response to Original message
5. From this link, it appears it was raised by 1 Trillion during Clinton..
but how many times it took to raise it by that is anyone's guess:

These actions, MacGuineas said, would include putting IOUs instead of cash into federal retirement accounts -- a tactic that Clinton administration Treasury Secretary Robert Rubin first employed in 1996, when Republican lawmakers balked at raising a debt ceiling then at $4.9 trillion.

Back then, some lawmakers in the Republican-controlled House of Representatives called for Rubin's impeachment, saying his action usurped the powers of Congress. But in 2002, when the Bush administration was about to hit the $5.95 trillion debt limit it inherited from President Bill Clinton, then-Treasury Secretary Paul O'Neill employed Rubin's tactic to buy time until Congress raised the debt ceiling to $6.4 trillion in June.


http://www.sfgate.com/cgi-bin/article.cgi?file=/chronic...

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napi21 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-16-06 11:47 AM
Response to Original message
6. Here's a link to the historical data since 1950.
http://www.publicdebt.treas.gov/opd/opdhisto4.htm

Date Amount

09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32
09/30/2003 $6,783,231,062,743.62
09/30/2002 $6,228,235,965,597.16
09/30/2001 $5,807,463,412,200.06
09/30/2000 $5,674,178,209,886.86
09/30/1999 5,656,270,901,615.43
09/30/1998 5,526,193,008,897.62
09/30/1997 5,413,146,011,397.34
09/30/1996 5,224,810,939,135.73
09/29/1995 4,973,982,900,709.39
09/30/1994 4,692,749,910,013.32
09/30/1993 4,411,488,883,139.38
09/30/1992 4,064,620,655,521.66
09/30/1991 3,665,303,351,697.03
09/28/1990 3,233,313,451,777.25
09/29/1989 2,857,430,960,187.32
09/30/1988 2,602,337,712,041.16
09/30/1987 2,350,276,890,953.00
09/30/1986 2,125,302,616,658.42
12/31/1985 1,945,941,616,459.88
12/31/1984 1,662,966,000,000.00 *
12/31/1983 1,410,702,000,000.00 *
12/31/1982 1,197,073,000,000.00 *
12/31/1981 1,028,729,000,000.00 *
12/31/1980 930,210,000,000.00 *
12/31/1979 845,116,000,000.00 *
12/29/1978 789,207,000,000.00 *
12/30/1977 718,943,000,000.00 *
12/31/1976 653,544,000,000.00 *
12/31/1975 576,649,000,000.00 *
12/31/1974 492,665,000,000.00 *
12/31/1973 469,898,039,554.70
12/29/1972 449,298,066,119.00
12/31/1971 424,130,961,959.95
12/31/1970 389,158,403,690.26
12/31/1969 368,225,581,254.41
12/31/1968 358,028,625,002.91
12/29/1967 344,663,009,745.18
12/30/1966 329,319,249,366.68
12/31/1965 320,904,110,042.04
12/31/1964 317,940,472,718.38
12/31/1963 309,346,845,059.17
12/31/1962 303,470,080,489.27
12/29/1961 296,168,761,214.92
12/30/1960 290,216,815,241.68
12/31/1959 290,797,771,717.63
12/31/1958 282,922,423,583.87
12/31/1957 274,897,784,290.72
12/31/1956 276,627,527,996.11
12/30/1955 280,768,553,188.96
12/31/1954 278,749,814,391.33
12/31/1953 275,168,120,129.39
06/30/1953 266,071,061,638.57
06/30/1952 259,105,178,785.43
06/29/1951 255,221,976,814.93
06/30/1950 257,357,352,351.04

Asterisk indicates rounded to millions.
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Viva_La_Revolution Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-16-06 11:59 AM
Response to Reply #6
8. thanks
there goes my arguement. :(
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Bandit Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-16-06 11:59 AM
Response to Original message
7. Debt ceiling raised eight times under Clinton by GOP Congress
For a total of 1.6 trillion dollars over eight years. So far under Bush* with GOP Congress it has been raised five times for a total of 2.3 trillion dollars. Almost double Clinton's and still three more years to go. The National Debt is now rising at over $100,000.00 a second Under Clinton it was beginning to be paid down.
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