In a televised address to the nation on July 25, 2011, to discuss the pending deadline on the debt ceiling, President Barack Obama made his pitch for a "balanced" approach to reducing the deficit -- one that includes spending cuts as well as revenue increases from tax increases for wealthier Americans.

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  • Obama should call GOP bluff on raising debt ceiling
    The debt ceiling has been raised 74 times since March 1962, including 18 times under Ronald Reagan, eight times under Bill Clinton, seven times under George W. Bush and three times (to August 2011) under Barack Obama. ...The process of setting the debt ...
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  • Whose heroes? Obama constantly invokes GOP icons
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    Carter (1977-1981) raised the debt ceiling 9 times. Reagan (1981-1989) raised the debt ceiling 18 times. George H.W. Bush (1989-1993) raised the debt ceiling 9 times. Clinton (1993-2001) raised the debt ceiling 4 times. George W. Bush (2001-2009 ...
    07/29/2011 - 6:52 am | View Link
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