Friday, December 11, 2009

national debt ceiling

Republicans are up in arms about the Democrats wish to attach a debt ceiling increase to a defense funding bill. For your reference, here are the times Republicans have increased the debt ceiling:

March 29, 1996
110 Stat. 875 Increased the debt limit to 5,500.0
August 5, 1997
111 Stat. 648 Increased the debt limit to 5,950.0
June 28, 2002
116 Stat. 734 Increased the debt limit to 6,400.0
May 27, 2003
117 Stat. 710 Increased the debt limit to 7,384.0
November 19, 2004
118 Stat. 2337 Increased the debt limit to 8,184.0
March 20, 2006
120 Stat. 289 Increased the debt limit to 8,965.0

It is interesting, however, that the Republicans DID have standalone votes on increasing the debt ceiling vs. attaching it to somewhat unrelated bills. While that as commendable, it hardly qualifies Republicans as fiscally responsible. Thus I will continue to be sick to my stomach whenever a member of either party ends a sentence with "our children and grandchildren" in reference to the debt.