Wasn’t it just a few days ago that Obama stated flatly that raising the debt ceiling would not raise the debt?
The man is insane.
Wasnt it just a few days ago that Obama stated flatly that raising the debt ceiling would not raise the debt?
And didn’t a prominent republican state that the Tea Party was on a fool’s errand?
Collusion. Destruction. Fascism.
Now that the capitulation is complete he has an AMEX black card with no spending limit. Kind of like selling $500,000 houses to people making min wage knowing there’s no way it’ll ever get paid back. Thanks bronco. Cause he don’t care. Ain’t his money.
“Wasnt it just a few days ago that Obama stated flatly that raising the debt ceiling would not raise the debt?”
“The man is insane.”
Actually I considered that to be one of the few things he has ever said that makes sense. Raising the debt ceiling actually does nothing to raise the debt just as raising the ceiling in your house does not make you taller. If you have a credit card with a five thousand dollar limit and you owe five thousand on it and the bank raises the limit to ten thousand that does not raise your debt, it is when you run out and buy a new TV, a new room of furniture etc. on that card that runs up the debt. I have all kinds of credit cards with a balance of zero, if the bank triples the limit on them tomorrow I will still have a balance of zero.
Of course the debt has been increasing all along, they just kept juggling figures to try to pretend otherwise and now that the debt ceiling is not being enforced they admit to it but just as he says raising the debt ceiling did not increase the debt.
I occasionally see references to the “SURPLUSES” that the country supposedly enjoyed during some of the Clinton years but everytime I checked during those years the national debt was still increasing, I still have not figured out how you run a surplus while increasing the debt.