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The President cannot raise the debt ceiling. It is set by Congress.

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13y ago

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When was the debt ceiling last raised?

At the time of this writing (July, 2011), the most recent increase in the U.S. debt ceiling (to $14.3 trillion) was passed by Congress and signed into law on February 12, 2010.


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For the most part, yes. However, the GOP is holding the debt ceiling hostage to the interests of about 8% of the population.


Which president has raised taxes the most?

Ronald reagan


What was the most critical problom when Washington was president?

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Andrew Jackson because for the first and only time the US was debt free.


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Yes, several times. Most recently, President Clinton was able to balance the budget in his administration, despite having inherited a deficit from President George H.W. Bush. It was not several times and Clinton didn't do it. In fact the national debt was $5,727,776,738,304.64 when Clinton left office. Clinton left office with about a $1.5 trillion increase to the national debt. The only time the national debt has been paid off was in 1835 under President Andrew Jackson.


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Were taxes raised in the 1920s?

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