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Did Obama say he would not guarantee social security checks if the debt ceiling wasn't raised?
Wiki User
∙ 11y ago
Yes, he did, but there is a context to this story: it wasn't that he "would not," but rather, he expressed his concern that the government soon "could not." In July 2011, both the Republicans and Democrats were locked in a battle over the debt ceiling; while some congressional members wanted compromise, a faction of conservative "Tea Party" Republicans was threatening to let the US go into default for the first time in history. The president believed this would do serious damage to the country's credit, just to make a political point about spending. In the midst of the heated negotiations, President Obama stressed how crucial it was to come up with a compromise. He warned that if the United States did default, many bills would not be paid (including social security and veterans' benefits) because the government would lack the money to pay them.
Wiki User
∙ 11y ago
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How many times was the debt ceiling raised under reagen?
The National Debt Ceiling was raised 18 times while Reagan was president.
How many times has the debt ceiling been raised since the inception of the debt ceiling?
102 times
What president raised the debt ceiling most?
The President cannot raise the debt ceiling. It is set by Congress.
How many times did Ronald Reagan increase the debt ceiling?
Reagan raised the dept ceiling 18 times.
How many times has Obama raised the national debt ceiling?
The President cannot raise the debt ceiling. Only Congress can do that.
A raised area between the floor and the ceiling is called a?
partition
How many times was the debt ceiling raised when Bill Clinton was in office?
Eight times
Was the debt ceiling raised in 2011?
"The debt ceiling was in fact raised by $2.1 trillion dollars. While the plan doesn't include raising taxes, it does include cutting the federal budget deficit by $2.5 trillion over the next decade."
How many time has congress raised he debt ceiling under Obama?
First, it should be noted that the debt ceiling has been repeatedly raised over the past four decades. Under President Reagan, for example, it was raised as much as 17 times. Under both President George H.W. Bush and President Clinton, it was raised four times. Under President George W. Bush, it was raised seven times. And so far, under President Obama, it has been raised on four occasions.
How is money raised for Social Security?
Federal income tax
How many times has the debt ceiling been raised under Bush?
The debt ceiling was raised seven times under the Bush administration (from 2000-2008).From a Sept 2008 CBS story: "Buried deep in the hundred pages of bailout legislation is a provision that would raise the statutory ceiling on the national debt to $11.315 trillion. It'll be the 7th time the debt limit has been raised during this administration. In fact it was just two months ago, on July 30, that President Bush signed the Housing and Economic Recovery Act, which contained a provision raising the debt ceiling to $10.615 trillion."
How are the ceilings raised?
Raised ceilings is a term in construction which refers to the ceiling height at some point being elevated from the height of the rest of the home. Also known as "pop up" or "tray".
