A look at who has raised the debt ceiling the most, by the percentages. Once again I plan on not answering comments unless asked to.Posted Friday, December 30, 2011, at 10:18 AM
While the number 16 trillion sounds spectacular, and it is, when one looks at the percentages since we started following supply side economics a different picture emerges. I believe the percentages reveal facts that many would just as soon ignore.
Make no mistake, whenever a new program is proposed, or a tax cut is proposed, or taking this Republic into armed conflict, it must be paid for, and issuing new debt DOES NOT pay for it. The percentage of debt vs GDP has reached untenable levels and must be addressed. While the time is long past to assign blame to any one party or president, this discussion ultimately rests on economic theories and and their effect on the debt. Which theory has increased the debt by the largest percentage?
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I'm an almost 61 year old transplant from California 6 1/2 years ago. I work in road construction, those dastardly flaggers. My family roots go back to New England farms, not the big city. The last town I lived in when in California grew from 16K to 40K in 10 years, and that was enough to drive me out. I don't engage in or tolerate name calling. Name calling reduces an adult discussion to grade school play yard level. I have never served in the military, but have family members who have, dating back to WW1. I am neither a Democrat nor a Republican. I am neither extremely Liberal or Conservative. I am raising my 16 year old grandson, not what I expected at this age, and dealing with those issues as well as my health and near retirement which are 2 things I intend to talk about. I decided to try my hand at this thanks to the warm welcome I have received on Mike's blog. When I take a position, I will defend it until I am shown that I am mistaken, and when that happens, I apologize. There are other things about me that will come out over time I'm sure.
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