Obama: Not Allowing Gov’t to Borrow More “Would Amount to a New Tax”

Cybercast News Service ^ | October 14, 2013 - 7:45 AM | Susan Jones

[Olog-hai]

President Barack Obama used his Saturday radio address to press for an end to “this Republican shutdown” and for an increase in the debt limit.

“It wouldn’t be wise,” he said, “to just kick the debt-ceiling can down the road for a couple months, and flirt with a first-ever intentional default right in the middle of the holiday shopping season. Because damage to America’s sterling credit rating wouldn’t just cause global markets to go haywire; it would become more expensive for everyone in America to borrow money. Students paying for college. Newlyweds buying a home. It would amount to a new tax—a Republican default tax—on every family and business in America.” …

[Olog-hai]

The Bible says that everyone is accountable for every idle word—especially lies. I do not recall the same thing being written in the Koran though . . .

[sarasota]

Pants on fire.

[onyx]

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[Rummyfan]

Now this dipsh*t is worried about a new tax? I need hip waders when I hear him talk...

[Paladin2]

0bamaDontCare has all sorts of taxes including the individual mandate.

MMany are not going to take this.

[Paladin2]

0bamaDontCare has all sorts of taxes including the individual mandate.

Mny believe that we are Taxed Enough Already and resent paying for more Food Stamps which are part of Bammy's personal, political EBT Card that needs to be shut down.

Many are not going to take this.

[P-Marlowe]

It is time to invoke the 25th Amendment.

[Hoodat]

“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. Baraq Obama, 16 March 2006

[grumpygresh]

I thought 0-bama thought that new taxes were a good thing.
This lying is stunning and only useful for his 60 IQ moron base.

[Dave346]

This is exactly the opposite of the truth.

Allowing the government to spend more causes them to print more money causing inflation which devalues the dollar and acts as a “tax”.

Holding the line on spending avoids new taxes.

[St_Thomas_Aquinas]

So he wants to pee on the Christmas selling season, with retailers hanging on by their fingernails, just so he can blame it on those who oppose him.

What a POS.

[Hotlanta Mike]

[alloysteel]

It is not necessary to default. We have PLENTY of money coming in to pay the interest due on the current debt.

We don’t have the money to pay for just a whole lot of things that are, frankly, luxuries and indulgences, and in some instances, buying nothing at all of continuing or lasting benefit.

[Zathras]

Is he off his meds or on them...I’m confused.

[Gasshog]

Jug Ears is saying Halloween comes early, OOOooo Scary!!

Only the clueless can believe this Obama Tripe.

[KSCITYBOY]

What everyone should understand is that by giving so much away to non-producers and allowing the debt to skyrocket - Obama has already put a confiscation of wealth tax in place it just hasn't been Codified yet.

[pallis]

Pay the interest, downsize, and kick the can as far as it has to go until Americans start electing people who know how to manage and grow America’s wealth as well as spend it.

[Hugin]

As Milton Friedman said, the rate of government spending is the rate of taxation.

[WriteOn]

The interest on the debt is a tax.

[jimbo807]

Is he retarded?