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bob p
Lv 6
bob p asked in Politics & GovernmentGovernment · 8 years ago

Why do cons complain about Obama?

Why do cons complain about Obama and raising the debt limit 6 times for a 31% increase, when Reagan raised it 18 times for a 67% increase. In there eyes Reagan is the best ever, Reagan also raised taxes more than Obama. A bunch of double standard the cons are playing on the US public.

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  • 8 years ago

    You are trying the age old argument of "he did it, why can't I?" It focuses on making the rationalization for doing "it" and ignore the reason why "he did it" as well as the environment in which "it was done".

    In this case, it ignores the fact that the debt was considered manageable back in Reagan's day. It went up $1.5 trillion in 8 years. The US would kill to only have it's debt increase by only that rate today. it also ignores the fact that instead of fighting the Soviets directly (very bloody) during the Cold War, Reagan opened up a new front in the war on the economic battlefield. He, in a sense, used the US economy as a weapon against them. This included a number of new weapon systems like the B-2B, cruise missile and "Star Wars". He also started a full-court press on Soviet expansion or control anywhere on the globe, Afghanistan was one of the larger examples. All this pushed the Soviets into collapse. They were spending 50% of their GNP on defense when they did. This is where that spending went. Keep in mind, Reagan's actions contributed to the Peace Dividend that Clinton was able to cash in on, contributing to his surpluses.

    Your friends that told you about his raising of taxes conveniently forget to tell you (why is that?) that he cut income taxes from 70% down to 28%, kicking off and economic boom that lasted for the next 17 years. Some other taxes were raised to make the income tax cut, revenue neutral from a base-line perpective. Reagan understood the supply-side (trickle-down) impact that lowering income taxes would bring, just as Harding, Coolidge, JFK, Clinton (capital gains tax cut) and Bush did. Reagan's lowering of income tax rates also resulted in doubling of revenue later from $500 billion to $1 trillion to government coffers.

    It's NOT a double standard, it (like any number of things in life) is recognizing that a threshold has been passed of what was acceptable and fiscally responsible behavior to what now is not. No one was worried that the US could not handle it's debt back in Reagan's day. They are now, including credit rating agencies that are or have downgraded the US credit rating, unthinkable in Reagan's time. The threshold of this was passed during Bush's (43) Administration, TARP spending being the last stop before the train reached Realville. Your friends also forget to tell you (again, why is that?) that Conservatives (some of which were simmering about Bush's spending prior to 9/11, when he at least had an excuse for it) got fed up with it. The most visible expression of this was the Tea Parties, again born during the Bush Administration. Congressional Republicans were taken to the woodshed over the sell-out to spending. Some of those who didn't get the memo were shown the door during the 2010 elections.

  • 8 years ago

    They simply want any excuse to block anything Obama wants to do, because they see it as a win for him and a loss for them.

    The fact is the debt limit is essentially artificial and should be abolished. Some alternate measure, such as debt to GDP ratio would be more useful .. but still only as a measure not an absolute limit. The reality is that Congress passes the Bills that collectively define the commitments that the federal government has taken on (and potentially result in the need for a higher debt limit). There is a requirement in the Constitution that the US pay it's bills, and therefore Congress actually has no choice but to authorize payment (unless they cut expenditures or raise revenue). Note that the President is nowhere in this equation (other than not having vetoed the Bills)

  • daisy
    Lv 6
    8 years ago

    i do not recall 16 trillion in debt under reagan, nor insane spending just for more unsustainable entitlements, nor 47 million on food stamps, and of course 23 million unemployed, no credit downgrades either under reagan. no whinging on tv blaming everybody and anybody for his mistakes. and of course no lying either. their certainly was not a fast and furious program either where we gave guns to the mexican cartels.

    also, i do not recall reagan ever promoting dependency on a bankrupt government, or free health care to individuals breaking a federal law, while tax paying americans are losing theirs, or smearing successful individuals who work hard for their success, nor promoting envy of those who are successful, nor 4 years of trillion dollar deficits, and wanting 4 more years of deficit spending - all to be paid for later, with no plan at that. 5 out of 10 college grads cannot find a job, high school school students cannot find a job, and new people entering the work force are not even counted.

    take a few minutes and read the latest gao report. dismal to say the least. but of course the liberal press will not cover this.

    double standard - i do not think so.

  • Anonymous
    8 years ago

    What was the U.S. debt when Ronald Wilson Reagan left office?

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  • Anonymous
    8 years ago

    Did Reagan sit and watch on LIVE tv feed as 4 US Marines were slaughtered and

    did N O T H I N G?

    I don't think so, Lib TARD!

    Source(s): 13 years - USMC - Viet Nam - Semper Fi
  • 8 years ago

    What is the one thing different about Obama then every other president before him? I'll give you a hint: the most conservative people are from former slave states. Hmmm....

  • Anonymous
    6 years ago

    go learn something useful instead of lies

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