Fact Checking Obama Using Reagan In Debt Ceiling Debate
When a small man can't do the job, he seeks to hide behind a big man! ~ Ozark Guru
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| SodaHead: Regan  Obama Parody |
The facts are:
- Reagan’s debt hikes were comparatively small and usually were temporary (thus the high number of changes)
- Obama in two years has already added a trillion dollars more debt than Reagan did in eight
- Total debt hike under Reagan ($1.865-T) was almost identical to under Clinton ($1.805-T)
- As a percent of GDP, all later Presidents’ hiked total debt notably higher than under Reagan
Below is chart from the 2011 Heritage Foundation Budget Chart Bookthat illustrates some of the points:
Tags: Barack Obama, Ronald Reagan, Debt Ceiling, fact checking, facts, Heritage Foundation, chart To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Posted by Bill Smith at 9:37 AM - Post Link
3 Comments:
Clearly, anything BO says is tinged with untruth. People who live within a continual lie are simply pathologically unable to to tell the truth. Of course, he steals anything that might make him look some better than he actually is since that is hi spathology.
He shouldn't be allowed on the same cover, pretending to stand next to our President! it an abomination!!!
Barack Hussein Obama and all the other Democrat/Statists voted against raising the debt ceiling in 2006. They were right then for the wrong reason. The debt debate should have been handled then but wasn't. Now, Obama and the Statists want to increase the debt ceiling. The MSM should be asking, "What's changed?" Ben Bernanke and Timmy Tax Cheat Geithner claim economic catastrophe if the debt ceiling is not raised. Bernanke said that interest rates would rise as a result affecting everyone. Bernanke is head of the Fed and the FED sets the interest rates. So what is he talking about?
Joseph Goebbels was Hitler's Minister of Propaganda and said, “If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”
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