Politics: The Debt Ceiling

This is probably going to be the only political post ever in the history of Just Reboot!  And it’s just a stat!  I love stats.  This is my current favorite, and I’m only mentioning it because the flapping heads won’t shut up about Obama’s request to increase the debt ceiling today.  To all hardcore Republicans and Democrats: ZOMG I CAN MATH.

“Just Reboot!” – probably the best solution to government, as well.

Under Obama the debt ceiling increased:
– by $789 billion to $12.104 trillion in February 2009, Obama’s first year in office, under the American Recovery and Reinvestment Act;
– by $290 billion to $12.394 trillion ten months later, in December 2009;
– and by $1.9 trillion to $14.294 trillion two months later, in February 2010.

Under GW Bush the debt ceiling increased:
– by $450 billion to $6.4 trillion in June 2002;
– by $984 billion to $7.384 trillion 11 months later, in May 2003;
– by $800 billion to $8.184 trillion 18 months later, in November 2004;
– by $781 billion to $8.965 trillion 16 months later, in March 2006;
– by $850 billion to $9.815 trillion 18 months later, in September 2007;
– by $800 billion to $10.615 trillion 10 months later, in July 2008;
– and by $700 billion to $11.315 trillion three months later, in October 2008.

Under Clinton the debt ceiling increased:
– by $225 billion to $4.37 trillion in April 1993;
– by $530 billion to $4.9 trillion four months later, in August 1993;
– by $600 billion to $5.5 trillion two years and seven months later, in March 1996;
– and by $450 billion to $5.95 trillion 17 months later, in August 1997.

Under GH Bush the debt ceiling increased:
– by $70 billion to $2.87 trillion in August 1989;
– by $252.7 billion to $3.1227 trillion three months later, in November 1989;
– by $107.3 billion to $3.23 trillion 11 months later, in October 1990;
– and by $915 billion to $4.145 trillion one month later, in November 1990.

Under Reagan the debt ceiling was raised to:
– $985 billion in February 1981;
– $999.8 billion in September 1981;
– $1.0798 trillion September 1981;
– $1.1431 trillion in June 1982;
– $1.2902 trillion in September 1982;
– $1.389 trillion in May 1993;
– $1.49 trillion in November 1983;
– $1.52 trillion in May 1984;
– $1.573 trillion in July 1984;
– $1.8238 trillion in October 1984;
– $1.9038 trillion in November 1985;
– $2.0787 trillion in December 1985;
– $2.111 trillion in August 1986;
– $2.3 trillion in October 1986;
– $2.32 trillion in July 1987;
– $2.352 trillion in August 1987;
– and $2.8 trillion in September 1987.

Advertisements

3 thoughts on “Politics: The Debt Ceiling

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s