Saturday, July 16, 2011

Which Party Has Raised The Debt Ceiling More Since 1980?

The Republicans have raised the debt ceiling 15 more times than the Democrats since 1980 (see chart below): Since 1980, the debt ceiling has been raised 39 times. It was raised 17 times under Ronald Reagan, four times under Bill Clinton and seven times under George W. Bush. Congress is currently in a contentious debate with the White House on whether to raise the ceiling by the Aug. 2 deadline, which would make the fourth raise under Obama. 

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