"People Who Watch Only Fox News
Know Less Than People Who Watch No News"
The debt ceiling is only raised to pay debts for goods already delivered or services already rendered.
Since 1939, when the debt ceiling was first established, it has been raised by every president but Democratic president, Harry Truman.
Ronald Reagan holds the record, having raised the debt ceiling 17 times, more than twice as many hikes as Obama.
Who would have known?
And what whimsical fetish will Republicans represent as the next "existential crisis"
on which Western Civilization hinges?
Here is a breakdown of debt ceiling increases by presidency:
￭ Dwight D. Eisenhower (R): 4
￭ John F. Kennedy (D): 5
￭ Lyndon B. Johnson (D): 7
￭ Richard M. Nixon (R): 7
￭ Gerald R. Ford (R): 6
￭ Jimmy Carter (D): 6
￭ Ronald Reagan (R): 17
￭ George H. W. Bush (R): 5
￭ Bill Clinton (D): 4
￭ George W. Bush (R): 7
￭ Dwight D. Eisenhower (R): 4
￭ John F. Kennedy (D): 5
￭ Lyndon B. Johnson (D): 7
￭ Richard M. Nixon (R): 7
￭ Gerald R. Ford (R): 6
￭ Jimmy Carter (D): 6
￭ Ronald Reagan (R): 17
￭ George H. W. Bush (R): 5
￭ Bill Clinton (D): 4
￭ George W. Bush (R): 7
Barack Obama's current toll: 7
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