answersLogoWhite

0

Why should Obama raise the debt ceiling?

Updated: 8/20/2019
User Avatar

Wiki User

12y ago

Best Answer

The president does not have the power to raise the debt ceiling . He has no power to borrow money and not really any power over spending-- only the Congress can do that. The president can only spend money that Congress has appropriated to be spent, although Presidents have been known to withhold funds that Congress has already appropriated.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why should Obama raise the debt ceiling?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How many times has Obama raised the national debt ceiling?

The President cannot raise the debt ceiling. Only Congress can do that.


What president did not raise the debt ceiling?

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


What president raised the debt ceiling most?

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


What years did George W. Bush raise the debt ceiling?

The debt ceiling was raised in 2002 to $6.4 trillion, in 2003 to $7.384 trillion, in 2004 to $8.184 trillion, in 2006 to $8.965 trillion and in 2007 to $9.815 trillion. Bush was President during these years, but you must know the President can not raise the debt ceiling- only Congress can do that.


How many time has president reagon raise the debt ceiling?

The debt ceiling has been raised 90 times since 1939 (including August 2011). Reagan holds the record - 18 times.


Is Obama determined to surpass the national debt line?

While President Obama would like to be supported on raising the national debt line, there are many people who don't. He has stated that either way, he will raise it.


Does the president need congress to approve raising the debt ceiling?

No- the president has no control over borrowing or appropriating money. He has some limited control over spending, but that is only in regards to how quickly he spends money that has been appropriated for him to spend.


Does President Obama have a plan to lower US's national debt?

YES, he is going to raise taxes on the higher class.


What is a debt ceiling?

Debt ceiling is the limit on how much money the US Federal government can owe.


How many times has the debt ceiling been raised since the inception of the debt ceiling?

102 times


Can you give me a sentence debt ceiling?

A debt ceiling can be described as the maximum limit that company, organization, or government agency can afford to incur debt. Example sentence: My personal debt ceiling is around a thousand dollars.


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."