How Many Times Has Obama Raised The Debt Ceiling

Added 8 588 trillion a 74 increase from the 11 657 trillion debt at the end of bush s last budget fy 2009.

How many times has obama raised the debt ceiling. If you look at the debt ceiling history you ll see that congress usually thinks nothing of raising it. Bush 7 times st. By the time obama took office it became routine.

The debt ceiling has been raised on three occasions under president barack obama. Fy 2017 671 billion fy 2016 1 423 trillion. In a speech at the business roundtable headquarters in washington d c obama dismissed concerns about raising the debt ceiling by noting that it d been done so many times in the past.

Bush and five times under barack obama. Raising the debt ceiling does not increase our debt though it has over 100 times. Congress must raise the debt ceiling so the united states doesn t default on its debt.

The 2011 debt limit hike raised the cap by about 2 trillion to 16 4 trillion. The debt ceiling was 11 315 trillion when the democrat was sworn into office in january 2009 and increased by nearly 3 trillion or 26 percent by summer 2011 to 14 294 trillion. It raised it four times in 2008 and 2009 alone.

During the last 10 years congress increased the debt ceiling 10 times. More specifically it lists 18 increases to the debt ceiling between february 1981 and september 1987. And there were.

Obama says reagan raised debt ceiling 18 times. In other words there were 18 under president ronald reagan as obama said. Why the debt ceiling matters.