by | February 12, 2014 · 7:40 pm

They were against it before they were for it

2014_02 12 Another debt limit increase

6 Comments

Filed under Barack Obama, Joe Biden, National Debt

6 responses to “They were against it before they were for it”

  1. bluebird of bitterness's avatar bluebird of bitterness
    February 13, 2014 at 1:12 am

    What a charade. There is no debt limit. Every time it’s reached, it gets raised.

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  2. itooktheredpill's avatar itooktheredpill
    February 13, 2014 at 5:21 pm

    They were against it before they were for it.

    They made it a campaign issue in 2006 and made very specific promises about how they would have more fiscal discipline than Republicans…

    See http://webcitation.org/5ts8Q5znY …

    Page 3 of 31:

    Nancy Pelosi 2006

    Page 30 of 31:

    What Democrats promised in 2006 (highlighted)

    Compare the promises and statements made by Democrats in 2006 – 2008, to the reality of what they’ve done in power:

    2006:

    Over the past decade, the Republican controlled Congress took our nation in the wrong direction. Too many Americans are paying a heavy price for those wrong choices: record costs for energy, health care and education; jobs shipped overseas; and budgets that heap record debt on our children. For millions, the middle-class dream has been replaced by a middle-class squeeze…

    Democrats are proposing a New Direction for America…

    With integrity, civility and fiscal discipline, our New Direction for America will use commonsense principles to address the aspirations and fulfill the hopes and dreams of all Americans. That is our promise to the American people….

    Our federal budget should be a statement of our national values. One of those values is responsibility. Democrats are committed to ending years of irresponsible budget policies that have produced historic deficits. Instead of piling trillions of dollars of debt onto our children and grandchildren, we will restore “Pay As You Go” budget discipline.

    Budget discipline has been abandoned by the Bush Administration and its Republican congressional majorities. Congress under Republican control has turned a projected $5.6 trillion 10-year surplus at the end of the Clinton years into a nearly $3 trillion deficit– including the four worst deficits in the history of America. The nation’s debt ceiling has been raised four times in just five years to more than $8.9 trillion. Nearly half of our nation’s record debt is owned by foreign countries including China and Japan. Without a return to fiscal discipline, the foreign countries that make our computers, our clothing and our toys will soon be making our foreign policy. Deficit spending is not just a fiscal problem – it’s a national security issue as well.

    Our New Direction is committed to “Pay As You Go” budgeting – no more deficit spending.

    2007:

    After years of historic deficits, this 110th Congress will commit itself to a higher standard: pay-as-you-go, no new deficit spending. Our new America will provide unlimited opportunity for future generations, not burden them with mountains of debt.

    – New Speaker Nancy Pelosi, 01/04/2007

    2008:

    “The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents – #43 added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back — $30,000 for every man, woman and child. That’s irresponsible. It’s unpatriotic.”

    – Barack Obama July 3, 2008

    In 2006, Democrats complained about Republicans having created the four worst deficits in the history of America. But the reality is that Republicans were responsible for the 3 largest deficits (FY 2003-2005), Democrat House and Senate majorities were responsible for the 4th largest deficit (FY 1992), and thanks to the increased revenues produced by the economic growth following the 2003 Bush Tax Cuts, deficits decreased in FY 2005, 2006, and 2007.

    The last budget passed by a Republican House, Republican Senate, and Republican President (passed in 2006 for FY 2007) had a deficit of less than $161 Billion.

    The Democrats have held majority control of the budgeting and appropriations process for FY 2008, 2009, 2010, 2011, 2012, 2013. Those six fiscal years have produced the SIX worst deficits in the history of America.

    The same Democrats who complained of Republicans having created “the four worst deficits in the history of America”, the same Democrats who promised “no more deficit spending”, went on to create the SIX worst deficits in the history of America, blowing away previous record deficits by a HUGE margin.

    Republican majorities added $4 Trillion to the total national debt over the course of 12 Fiscal Years (FY 1996-2007)

    Democrat majorities added over $8 Trillion to the total national debt over the course of just 6 Fiscal Years (FY 2008-2013).

    Democrats, after promising “fiscal discipline” and “no more deficit spending”, have done the EXACT OPPOSITE, and have been deficit spending at OVER FOUR TIMES THE RATE of their Republican predecessors.

    And remember, the last budget passed by a Republican House, Republican Senate, and Republican President was passed in 2006 for FY 2007 and resulted in a deficit of less than $161 Billion.

    Democrats made deficit spending and the national debt a campaign issue in 2006 and won both houses of Congress with promises of “fiscal discipline” and “no more deficit spending”.

    Now, Pelosi and the Democrats think that fiscal discipline and “Pay as you go, no new deficit spending” is old and busted… the new hotness is that failing to deficit spend tens of Billions of dollars to extend unemployment benefits is “simply immoral”.

    Other GOP lawmakers have not said they would oppose an extension, but are concerned about the roughly $26 billion cost of extending the program for another year. Pelosi has said she does not believe that cost has to be offset…

    So, in 2006, Pelosi and the Dems claimed that deficit spending was immoral.

    Now Pelosi and the Dems claim that failing to deficit spend is immoral.

    The Republican “leadership” needs to shine a spotlight on the hypocrisy and lies of the Democrat “leadership”.

    It’s not hard to do. Will the Republican “leadership” have the backbone to call out the Democrats’ lies, broken promises, record deficits and over $8.6 TRILLION in NEW debt?

    Democrats have nearly doubled the total public debt in just over 7 years… it’s now 99% higher than it was when Pelosi and Reid took control of the House and Senate!

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