Skip to comments.Obama: Raising Debt Ceiling Won’t Lead to More Debt
Posted on 09/19/2013 4:33:36 AM PDT by Kaslin
While reading from the teleprompter in front of the Business Roundtable headquarters in Washington DC, President Obama suggested that raising the National Debt Limit would not increase the Nations Debt. Well actually he didnt suggest that. . . He simply said it:
"Now, this debt ceiling -- I just want to remind people in case you haven't been keeping up -- raising the debt ceiling, which has been done over a hundred times, does not increase our debt.
Um. . . Ok. I mean, well, it has increased our debt every other time its been raised. . . So, are we expected to believe that government intends to keep from issuing more debt this time? If thats the case, why raise the limit? It almost seems like the President is using new Common-Core math standards in his explanation of the debt limit negotiations.
Of course he didnt always think in such nuanced, and incorrect, ways. Back as a Senator from the great state of Chicago (No. . . Thats not a typo. I consider Chicago its own state.) Obama complained about having to vote for an increase in the National Debt to over $8 trillion dollars. Roughly $9 trillion dollars later our creditors might be wishing that anonymous senator from Chicago had remained anonymous.
The President then spilled into the often repeated line that raising the debt is merely a matter of paying the bills that you've already racked up. The line, however, was accented nicely with a condescending tone, and verbally directed at Congress as if Obama has merely been a spectator to Washingtons drunken spending spree. It should also be added that our bills are largely a function of our spending habits. . . If anything, a need to increase our National Debt should illustrate our desperate need to reign in government spending. If banks treated personal credit cards the same way the White House wants Congress to treat the National Debt, Lehman Brothers would have been the least of our worries in 2009.
Then came another partisan moment of demagoguery from our Campaigner in Chief as he explained to the Roundtable that what we now have is an ideological fight that's been mounted in the House of Representatives that says, we're not going to pass a budget and we will threaten a government shutdown unless we repeal the Affordable Care Act.
Right. Republicans are the problem. According to the President, Republicans should be ashamed for demanding negotiations and compromises. Now, at least they have a reason for not passing a budget, Mr. President. I assume Harry Reid and the Senate Democrats went 4 years and roughly $6 trillion without passing a budget simply for the fun of it.
The Speech was mostly a recycled batch of his campaigns mail-out literature. Throughout the speech, Obama seemed unable to contain his disdain for the GOPs audacious willingness to negotiate an increase in the Debt Limit; as opposed to simply rubber stamping the Democrats proposals. In addition to having a failed grasp of debt obligations, he seems to deeply misunderstand the role of the minority party.
The President has shown a repeated and obvious disdain for having to negotiate with his political opposition. The simple fact that the White House has said they refuse to negotiate on the Debt Limit is indicative of their amateurish expectations. Every President in recent memory, from FDR to George W, has had to negotiate, compromise and sometimes cave to their political opponents. And yet, for some reason, this Administration believes they are entitled to give out non-negotiable ultimatums to their political opponents.
The simple fact is, Mr. President, an increase in the National Debt Limit will result in more debt. That Debt will be taken on to pay future bills incurred through the unsustainable spending habits of today. And, Mr. President, the opposition party in case you haven't been keeping up is supposed to make life difficult for the majority. It turns out that was a major design element to the concept of representative government.
One almost would have expected a former Constitutional Lecturer to know that.
Obama is stupid by any standards.
In that case, there's no need to raise it.
If raising the debt ceiling doe snot raise our debt and we don’t need to raise our debt then we don’t need to raise the debt ceiling. problem solved.
Wrong...wrong...WRONG! He most assuredly is *not* stupid.He's amoral.There's a *big* difference.
This clown is mentally challenged beyond being 100% stupid.
Me thinks the Wee Wee got hold of some more weed!
I thought you had to raise the debt ceiling before you could see what was in it.
-— This clown is mentally challenged beyond being 100% stupid. ——
He’s a commie, but that doesn’t mean he can’t be 100% stupid. And when you’re a commie, it helps.
Raising the limit in and of itself doesn’t increase the debt. But if you increase the credit limit of someone who ALWAYS maxes out their cards it will lead to increased debt.
Yes, the problem is that minitrue will cover for him and far too many people don’t pay attention.
“Obama: Raising Debt Ceiling Wont Lead to More Debt”.....
Excuse me? Obviously he is dumber than originally thought).
To paraphrase Mr. Obama: “Who gives a crap how much money I borrow? Someone else will have to worry about paying it back.”
“Obama: Raising Debt Ceiling Wont Lead to More Debt”
No, but using it does!
“Excuse me? Obviously he is dumber than originally thought).”
Or a bigger bare face liar.
Well it’s certain this Mo failed his high school economics class.
What a dumbass this “magic negro” is.
Well, technically, thats correct: merely RAISING the ceiling does not raise the debt. SPENDING to the new ceiling does that.
As it happenes over and over...some 100 times according to Zerobama Einstein.
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