Skip to comments.Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,' Though It Has 'Over 100 Times'
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 ...
The dude just needs to wear a sign that says, “LIAR” and that’s all you need to know.
Obama apparently knows about as much about economic policy as he knows about foreign policy.
on drugs, only explanation
“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.
He has the economic sense of a third grader
THIS IS *NOT* SATIRE!!!!!!!!!!!!!!!
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?
Budgets don't exist.
Pass a balanced budget, you idiots.
“I think BHO2 is either a liar, delusional, or both.”
Obama KNOWS his target audience is:
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.
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!
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.
It is and it isn’t.
Wasn’t that how things worked in Atlas Shrugged...or attempted to work anyway?
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?
The fact that we are here today to debate raising Americas debt limit is a sign of leadership failure. It is a sign that the U.S. government cant pay its own bills. ... I therefore intend to oppose the effort to increase Americas debt limit.
Sen. Barack Obama, floor speech in the Senate, March 16, 2006
“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
Obama: 2006 Debt Ceiling Vote Was Politically Motivated
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 nations 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 Im the first one to acknowledge it, Obama told ABCs 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.
Didn’t Obama have some Chicago power broker sign for his home?
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.”
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.
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.
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
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.
Well, NOT raising the debt ceiling will PREVENT the accumulation of more debt. What do you say to that, asshat clintonian word-parser?
When you borrow more, you have more debt.
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.
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.
What a dumbass.
I wish every time O told a lie he would start having a coughing fit.
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.
It does if not raising the debt ceiling would stop non-essential spending, because there is no authority to borrow the additional money.
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!!!!
If you believe we have 57 states. You believe raising the debt ceiling won’t increase the debt.
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 1990s 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 Obamacare?
It should take a month or two to complete, allow for a vote to delay Obamacare for a year, and then show the great financial harm to our Economy that the Statements 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.
He knows it facilitates it.
I’ll be 100 Quatloos that it will be some big brain on CNN that will first say, “Technically the President is correct.”
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.
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.
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.”