That is true. It’s the spending over the old ceiling that increases the debt.
Obama verbal slight of hand!
That was my thought when I read the headline. Classic Klinton parsing.
Correct. Raising the limit doesn't increase the debt, but spending up to that limit does.
Kinda like a credit card - old limit $5,000. Sam's maxed out at $5,000, so Sam asks for a bump to $6,500. Sam's debt hasn't increased, but his debt ceiling has. Problem is, we all know that Sam's gonna be maxed out within seconds of the increase to the new limit, cuz old Sam's gotta bad habit that needs a fix.