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Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,' Though It Has 'Over 100 Times'
CNS News ^ | September 18, 2013 | Craig Bannister

Posted on 09/18/2013 3:30:11 PM PDT by george76

Raising the debt ceiling doesn't increase the nation's debt, Pres. Obama declared in a speech today...

Obama dismissed concerns about raising the debt ceiling by noting that it'd been done so many times in the past:

...

Obama went on to suggest that "the average person" mistakenly thinks that raising the debt ceiling means the U.S. is racking up more debt:

(Excerpt) Read more at cnsnews.com ...


TOPICS: Business/Economy; Crime/Corruption; Extended News; Government; News/Current Events; Politics/Elections; US: District of Columbia; US: Illinois; US: New York
KEYWORDS: 2012electionbias; broke; ceiling; debt; debtceiling; doublestandard; hypocrite; liarinchief; lyingliar; movealong; nakedemperor; nothingtoseehere; obama; obamabreakspromises; obamaeconomy; obamalies; obamaquotes; pravdamedia; stalinisttactics

1 posted on 09/18/2013 3:30:11 PM PDT by george76
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To: george76

The dude just needs to wear a sign that says, “LIAR” and that’s all you need to know.


2 posted on 09/18/2013 3:31:29 PM PDT by Thorliveshere (I wish I lived in Texas.)
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To: george76
Oh, my, God.

Obama apparently knows about as much about economic policy as he knows about foreign policy.

3 posted on 09/18/2013 3:32:00 PM PDT by justlurking (tagline removed, as demanded by Admin Moderator)
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To: george76

on drugs, only explanation


4 posted on 09/18/2013 3:32:10 PM PDT by yldstrk (My heroes have always been cowboys)
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To: george76

“Obama went on to suggest that “the average person” mistakenly thinks that raising the debt ceiling means the U.S. is racking up more debt...”

Well, duh! Silly me?

I think BHO2 is either a liar, delusional, or both.


5 posted on 09/18/2013 3:32:43 PM PDT by SatinDoll (NATURAL BORN CITIZEN: BORN IN THE USA OFCITIZEN PARENTS)
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To: george76

He has the economic sense of a third grader


6 posted on 09/18/2013 3:33:50 PM PDT by stanne
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To: george76

*WARNING*

THIS IS *NOT* SATIRE!!!!!!!!!!!!!!!


7 posted on 09/18/2013 3:34:18 PM PDT by Mr. K (Lies, Damned Lies, Statistics, and then Democrat Talking Points.)
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To: george76
Sorry, I was so shocked, I forgot to add...

I'm sure that the kneepad media will point out the problems with Obama's assertion, immediately.

OK, maybe tomorrow.

Friday night, when no one is paying attention?

Next week?

Bueller?

8 posted on 09/18/2013 3:34:49 PM PDT by justlurking (tagline removed, as demanded by Admin Moderator)
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To: george76
No the debt is already there because they ignored the last debt ceiling.

Budgets don't exist.

9 posted on 09/18/2013 3:35:13 PM PDT by fortheDeclaration (Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
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To: george76

Pass a balanced budget, you idiots.


10 posted on 09/18/2013 3:35:48 PM PDT by Paladin2 (h)
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To: justlurking
It is very basic. Lol. It is not that complicated.
11 posted on 09/18/2013 3:35:49 PM PDT by dhs12345
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To: SatinDoll

“I think BHO2 is either a liar, delusional, or both.”

Obama KNOWS his target audience is:
A)STOOPID
B)Doesn’t really pay attention

He KNOWS no one in the Mainstream Media will dare to call him out on it. unless they want to be branded a racist, and have their careers ended.

I know longer wonder how an educated people like the Germans fell in to Nazism.


12 posted on 09/18/2013 3:37:30 PM PDT by tcrlaf (Well, it is what the Sheeple voted for....)
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To: george76

Rain falls up. Sun causes darkness. Cancer makes you feel great. Snow is hot.

Hey! This is fun! Maybe I, too, can be a Democrat affirmative-action pResident!


13 posted on 09/18/2013 3:37:38 PM PDT by Lazamataz (Early 2009 to 7/21/2013 - RIP my little girl Cathy. You were the best cat ever. You will be missed.)
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To: george76

Absolute truth.

Raising the debt ceiling does not raise the debt in and of itself.

What it does do is make it possible for politicians to to increase the national debt.

That is the same thing as increasing the debt.

Politicians and debt are like male dogs and their balls.- because they can.


14 posted on 09/18/2013 3:37:48 PM PDT by rdcbn
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To: george76

It is and it isn’t.

Wasn’t that how things worked in Atlas Shrugged...or attempted to work anyway?


15 posted on 09/18/2013 3:38:06 PM PDT by RWB Patriot ("My ability is a value that must be purchased and I don't recognize anyone's need as a claim on me.")
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To: george76

Do you suppose he and the Mrs. have paid off their debts? Anyone remember her talking about how they had debt, college loans, etc., when first married?


16 posted on 09/18/2013 3:38:39 PM PDT by This I Wonder32460
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To: george76; GeronL

“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. government can’t pay its own bills. ... I therefore intend to oppose the effort to increase America’s debt limit.”

— Sen. Barack Obama, floor speech in the Senate, March 16, 2006


17 posted on 09/18/2013 3:39:16 PM PDT by a fool in paradise (America 2013 - STUCK ON STUPID)
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To: george76; GeronL

“Over the past five years, our federal debt has increased by $3.5 trillion to $8.6 trillion. That is ‘trillion’ with a ‘T’. That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers.”

— Sen. Barack Obama, floor speech in the Senate, March 16, 2006


18 posted on 09/18/2013 3:40:46 PM PDT by a fool in paradise (America 2013 - STUCK ON STUPID)
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To: george76; GeronL

Obama: 2006 Debt Ceiling Vote Was Politically Motivated
http://www.rollcall.com/news/obama_2006_debt_ceiling_vote_was_politically_motivated_-204986-1.html
By Melanie Starkey
Roll Call Staff
April 14, 2011, 9:51 p.m.

President Barack Obama on Thursday framed his opposition as a Senator to raising the nation’s debt ceiling as a “political vote” and said he is coming at the issue from a different approach as commander in chief.

“That was just an example of a new Senator, you know, making what is a political vote, as opposed to doing what was important for the country. And I’m the first one to acknowledge it,” Obama told ABC’s George Stephanopoulos, according to a transcript of the interview.


I must’ve have missed his public apology to President Bush then. It certainly isn’t in his above remark.


19 posted on 09/18/2013 3:42:38 PM PDT by a fool in paradise (America 2013 - STUCK ON STUPID)
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To: This I Wonder32460

Didn’t Obama have some Chicago power broker sign for his home?


20 posted on 09/18/2013 3:43:45 PM PDT by a fool in paradise (America 2013 - STUCK ON STUPID)
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Comment #21 Removed by Moderator

To: george76

Liberals believe that whatever a liberal says is the truth. If you can stomach it, watch someone call a liberal on a fact and their only response is always “That’s not true.”


22 posted on 09/18/2013 3:43:51 PM PDT by VerySadAmerican (".....Barrack, and the horse Mohammed rode in on.")
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To: george76
 photo Three-Card_Monte_zps50e64f71.jpg
23 posted on 09/18/2013 3:44:28 PM PDT by Huskrrrr
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To: george76
That is true. Raising the ceiling does not increase the deficit or the debt. Borrowing more money does that. Raising the debt ceiling does not borrow more money. It does enable the borrowing of more money and the chance that more money will not be borrowed is nil.
24 posted on 09/18/2013 3:48:15 PM PDT by arthurus (Read Hazlitt's Economics In One Lesson ONLINE http://steshaw.org/econohttp://www.fee.org/library/det)
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To: george76

No, he is right. It is a “debt limit”. Raising it does not actually add one dime to the debt.

It is the spending that raises the debt. The limit theoretically should make it illegal to DO the spending, but saying “raising the debt limit” adds to the debt is like saying that raising the speed limit makes cars go faster.


25 posted on 09/18/2013 3:48:46 PM PDT by CharlesWayneCT
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To: VerySadAmerican

He lies like a Stalinist. It was what is commonly known as “Orwellian” but what George Orwell was a Socialist who wrote about was his frustrations in dealing with Stalinists in the West who would absolutely refuse to denounce any action by Stalin.

They can change their song the next day but they will deny what they said yesterday. Thus Pete Seeger and Woody Guthrie were out protesting AGAINST the US going to war against NAZI German, and then after Hitler’s betrayal of Stalin AND the bombing of Pearl Harbor, Woody’s guitar “suddenly” kills fascists. Imagine that. It took Pete another 40 years to concede that Joe Stalin had done some bad things. Red Asner is still wanting to shine more light on the “other things” Uncle Joe accomplished. The good deeds.


26 posted on 09/18/2013 3:49:35 PM PDT by a fool in paradise (America 2013 - STUCK ON STUPID)
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To: george76

he’s not wrong. raising the debt ceiling will not increase our debt...

raising the ceiling allows the fedgov to actually spend the money, without paying back old debts, thereby jacking up new debt and diminishing the value of the dollar

seriously, does ANYONE listen to democrats when it comes to economic policy?

EVERY democrat giving a speech on economic policies should have a picture of detroit hanging over their podium


27 posted on 09/18/2013 3:49:38 PM PDT by sten (fighting tyranny never goes out of style)
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To: Thorliveshere
The dude just needs to wear a sign that says, “LIAR” and that’s all you need to know

Certainly he is a liar, but I do believe that when he talks about economics, he is stating his honest understanding because he is an ignorant leftist twit who knows nothing about how wealth and prosperity is created.

All he knows is the commie horse-sh!t that he has been surrounded with his whole life.

28 posted on 09/18/2013 3:50:14 PM PDT by Maceman (Just say "NO" to tyranny.)
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To: george76
Obama went on to suggest that "the average person" mistakenly thinks that raising the debt ceiling means the U.S. is racking up more debt.

Well, NOT raising the debt ceiling will PREVENT the accumulation of more debt. What do you say to that, asshat clintonian word-parser?

29 posted on 09/18/2013 3:56:28 PM PDT by Still Thinking (Freedom is NOT a loophole!)
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To: george76
This dumb m***erfu**er and Affirmative Action hire needs to understand simple math.

When you borrow more, you have more debt.

30 posted on 09/18/2013 3:58:36 PM PDT by Darren McCarty (Abortion - legalized murder for convenience)
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To: george76

C’mon! Some of you actually don’t think Zero is lying? That he doesn’t plan on spending any money that he can get his mitts on?

“Fraud is generally defined in the law as an *intentional* misrepresentation of material existing fact made by one person to another with knowledge of its falsity and for the purpose of inducing the other person to act, and upon which the other person relies with resulting injury or damage. Fraud may also be made by an omission or purposeful failure to state material facts, which nondisclosure makes other statements misleading.”

Zero and his fellow frauds, and Those RINOs Whose Names We Don’t Mention in the GOP-e, want the debt limit raised.
Why do they want it raised? So they can spend less money? Gimme us a break! And have a little respect for us, even if you don’t have any for yourselves, if you’re quibbling over whether or not he’s lying.


31 posted on 09/18/2013 4:05:09 PM PDT by tumblindice (America's founding fathers: All armed conservatives.)
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To: Maceman

He is telling the truth with the intent to deceive. Raising the debt ceiling does not increase the debt. But there is NO reason to increase the debt ceiling unless you WANT to raise the debt.

The POTUS wants to raise the debt ceiling this time to continue spending and raising the debt. Bringing up the outside possibility that you may want to waste time passing the legislation to raise the debt ceiling, without wanting to continue deficit spending is SILLY.

He really is not a very funny or silly person...ergo...

This is a funny story considering the FED is propping up the stock market at $85 billion/month of Quantitative Easing, another intent to deceive.

DK


32 posted on 09/18/2013 4:05:39 PM PDT by Dark Knight
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To: george76

What a dumbass.


33 posted on 09/18/2013 4:13:11 PM PDT by beethovenfan (If Islam is the solution, the "problem" must be freedom.)
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To: george76

I wish every time O told a lie he would start having a coughing fit.


34 posted on 09/18/2013 4:19:45 PM PDT by funfan
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To: justlurking

He is correct. Raising the debt ceiling does not increase the national debt.

Borrowing more money........ issuing Treasury bonds and bills increases the debt.

He did not say that the borrowing that follows the ceiling increase does not increase the debt.


35 posted on 09/18/2013 4:30:19 PM PDT by bert ((K.E. N.P. N.C. +12 ..... Travon... Felony assault and battery hate crime)
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To: bert
He is correct. Raising the debt ceiling does not increase the national debt.

It does if not raising the debt ceiling would stop non-essential spending, because there is no authority to borrow the additional money.

36 posted on 09/18/2013 4:35:54 PM PDT by justlurking (tagline removed, as demanded by Admin Moderator)
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To: george76

I’m glad 0bama explained it. I don’t know why I thought if I increased my debt I was increasing my debt. I feel so stupid now that the Idiot in Chief made it so clear. Well I gotta go to the EZ Cash store and borrow $10,000.00 for 30 days. Then I’ll borrow $20,000.00 to pay of the $10,000.00 and still have $10,000.00 for that vacation. Then I’ll borrow... Nope I’m not worried about the interest or ever paying it back, because I understand Ubamanomics now that he explained it. I am no longer an Average American. I am an Obrainiac! I will rule the world now!!!!


37 posted on 09/18/2013 4:55:43 PM PDT by Conspiracy Guy (To stay calm during these tumultuous times, I take Damitol. Ask your Doctor if it's right for you.)
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To: george76
said the boy not smart enough to understand a credit card limit let alone the business model of a lemonade stand...
38 posted on 09/18/2013 5:10:40 PM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -vvv- NO Pity for the LAZY)
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To: george76
stupid Obama's name tag
39 posted on 09/18/2013 5:31:09 PM PDT by baddog 219
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To: george76
stupid Obama's name tag
40 posted on 09/18/2013 5:31:23 PM PDT by baddog 219
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To: VerySadAmerican
When liberals are confronted with facts, they start ad hominem, attacks. They spend an awful lot of time personally attacking the character of prominent conservatives for the sole purpose of being able to blunt, or even dismiss their largely fact-based arguments. Rush, Reagan, Sarah, Clarence Thomas, W., Newt, Dan Quayle...well, we all know the drill by now. A conservative starts to become a rising star, and every effort is made to turn him into damaged goods, to make his name a punchline.
41 posted on 09/18/2013 5:32:15 PM PDT by fhayek
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To: Thorliveshere

If you believe we have 57 states. You believe raising the debt ceiling won’t increase the debt.


42 posted on 09/18/2013 5:38:02 PM PDT by spawn44 (MOO)
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To: george76

The best way to fix a broken system is to SHUT IT DOWN, and THEN fix it.

Speaker Newt SHUT DOWN the US Federal Government in the 1990’s and it WORKED!

Clinton then took credit for balanced Federal Budgets, fewer people were in poverty, and all because Newt said NO !

The Liberal Agenda Media and the Democrats boo-hooed to this day, but Newt achieved success.

_____________________

The only way to force a spoiled brat to behave is to punish, punish, punish.

The worst punishment that a Democrat, or RINO can imagine is to take away their ability to spend our tax dollars.

The best way to do that is to shutdown the non-essental parts of the US Federal Government, starting with mothballing Air Force One.

______________________

Why not have the true Republicans require a BINDING, updated, “Federal Financial Impact Statement” for 2012-2013 fiscal year, and 2013-2014 f. y. for Obama”care?”

It should take a month or two to complete, allow for a vote to delay Obama”care” for a year, and then show the great financial harm to our Economy that the Statement’s numbers will document.

Wharton, Stanford, Michigan and Princeton could also file their independent Financial Impact Statements to compare to the Office of Budget and the Congressional Budget Office Financial Impact Statements.

As B. Hussein is fond of saying: “We need to get all the facts first.”


43 posted on 09/18/2013 5:42:36 PM PDT by Graewoulf (Traitor John Roberts' Commune-Style Obama'care' violates U.S. Constitution AND Anti-Trust Law.)
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To: george76

He knows it facilitates it.


44 posted on 09/18/2013 7:52:30 PM PDT by ully2
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To: george76

I’ll be 100 Quatloos that it will be some big brain on CNN that will first say, “Technically the President is correct.”


45 posted on 09/19/2013 5:35:19 AM PDT by The Louiswu (One brave man, that's all we need.)
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To: The Louiswu

be=bet


46 posted on 09/19/2013 5:35:49 AM PDT by The Louiswu (One brave man, that's all we need.)
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To: george76

Spending increases our debt. Not increasing the debt ceiling will cause defaults but it won’t change spending. Only Congress can do that and they don’t seem to want to.


47 posted on 09/19/2013 5:40:49 AM PDT by DoodleDawg
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To: george76
It used to be Americans expected at least some truth out of the mouth of our President. Now there is none.

None.

48 posted on 09/19/2013 7:27:19 AM PDT by Gritty (Nobody wants to hear about American exceptionalism when the issue is American ineffectualism-MSteyn)
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To: george76

On the face of what Obama said, he’s 100% right. Raising the debt ceiling does not increase our debt.

It DOES give the government the legal authority to incur more debt but raising the ceiling, by itself, does not increase the debt anymore than raising your credit card limit increases your credit card balance.

He’s playing with words, of course. We all know the second the debt ceiling is raised that the debt will be increased. Well, at least those of us who use our brains know this.


49 posted on 09/19/2013 7:56:53 AM PDT by Personal Responsibility (Government: Slimy used car salesmen writing laws forcing you to buy their cars)
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To: george76

And now a message from President Barack Obama-
“Fire is not hot.
Ice is not cold,
Fish do not swim.
Birds do not fly.
Ignorance is strength.
War is peace.
Freedom is slavery.
I am not a Communist.”


50 posted on 09/19/2013 9:03:26 AM PDT by servo1969
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