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Raising the debt limit doesn't increase our national debt. Spending more than what we collect in tax revenue increases debt.
Semantics. What would be the point of RAISING a CEILING if you didn't intend to PILE MORE CRAP UNDERNEATH IT????It seems you and the President are equally as disingenuous.
Then why do you spend so much time blaming Congress for laws Obama signed into law? Its very hypocritical of you to waaa waaa waaa, Bush all the time, and then switch to Congress when we're discussing Obama..
Let's see....how do those laws get to the president's desk...
Why do you spend so much time blaming Obama for laws that Congress sends to him to sign? Could it be that there is some shared responsibility here??
I have a credit card with a $6,000 limit, that doesn't mean I have $6,000 worth of debt.
No, but if you go to finance a new home, its very likely they will turn you down due to a bad credit risk, or charge you sky high interest rates if you have credit cards higher than you can afford to pay, even if they have $0 balances on them.
Well then switching to Congress everytime someone discusses Obama.. Almost like he's immune..
If you want to stop being a hypocrite, stop flip flpping and embarassing yourself
Btw.. what happened to the obama debt commission? And where did the Obama go who said raising the debt ceiling is iresponsible?
I've clearly said Obama has added to the national debt. He hasn't doubled it or tripled it, but he has added to the national debt like Bush and Reagan have.
No, but if you go to finance a new home, its very likely they will turn you down due to a bad credit risk, or charge you sky high interest rates if you have credit cards higher than you can afford to pay, even if they have $0 balances on them.
Do you know nothing about credit?
Yes, I have a credit card and a mortgage. I got a nice 3.75% interest rate because I put a good chunk down at the signing.
I've clearly said Obama has added to the national debt. He hasn't doubled it or tripled it, but he has added to the national debt like Bush and Reagan have.
Yes he has, but you only said that after you whined about Congress and were called out on it..
I just find the non stop flip flopping histerical..
The big-government leftists (in both parties) are at it again, doing everything they can to spend us into ever deeper and deeper holes of debt. Leading the charge, as usual, are the Democrats.
Obama announced today that raising the National Debt Ceiling does not increase our debt.
That's like saying that opening the fence gate does not let the horses out. Sure, for a second or two after opening the gate, the horses are still in there. It takes them about that long to find the open gate, and then they go thundering through, every time. And then we're facing vast work and effort to re-corral them, if it's possible at all.
But now our leader wants to tell us that opening the gate and leaving it that way is a perfectly OK thing to do.
Sounds like we need a new leader, wouldn't you say? One who recommends nailing the gate shut, for starters, and then who develops a program to train the horses not to run away.
Getting rid of the more lawless horses and getting some new ones that can control themselves, wouldn't be a bad idea either.
Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,' Though It Has 'Over 100 Times'
September 18, 2013 - 3:54 PM
by Craig Bannister
Raising the debt ceiling doesn't increase the nation's debt, Pres. Obama declared in a speech today.
In a speech at the Business Roundtable headquarters in Washington, D.C., Obama dismissed concerns about raising the debt ceiling by noting that it'd been done so many times in the past:
"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; it does not somehow promote profligacy. All it does is it says you got to pay the bills that you've already racked up, Congress. It's a basic function of making sure that the full faith and credit of the United States is preserved."
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:
"It's always a tough vote because the average person thinks raising the debt ceiling must mean that we're running up our debt, so people don't like to vote on it, and, typically, there's some gamesmanship in terms of making the President's party shoulder the burden of raising the -- taking the vote."
But, isn't the fact that the U.S. has hit its debt ceiling "over a hundred times" - and, thus, has had to keep raising it - proof that raising the limit does, in fact, lead to increased debt?
Is there any limit to the maneuvering the Democrats will do, to bamboozle people into letting them spend even more of our money?
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