Posted on 09/18/2013 3:30:11 PM PDT by george76
Raising the debt ceiling doesn't increase the nation's debt, Pres. Obama declared in a speech today...
Obama dismissed concerns about raising the debt ceiling by noting that it'd been done so many times in the past:
...
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:
(Excerpt) Read more at cnsnews.com ...
If you believe we have 57 states. You believe raising the debt ceiling won’t increase the debt.
The best way to fix a broken system is to SHUT IT DOWN, and THEN fix it.
Speaker Newt SHUT DOWN the US Federal Government in the 1990’s and it WORKED!
Clinton then took credit for balanced Federal Budgets, fewer people were in poverty, and all because Newt said NO !
The Liberal Agenda Media and the Democrats boo-hooed to this day, but Newt achieved success.
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The only way to force a spoiled brat to behave is to punish, punish, punish.
The worst punishment that a Democrat, or RINO can imagine is to take away their ability to spend our tax dollars.
The best way to do that is to shutdown the non-essental parts of the US Federal Government, starting with mothballing Air Force One.
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Why not have the true Republicans require a BINDING, updated, “Federal Financial Impact Statement” for 2012-2013 fiscal year, and 2013-2014 f. y. for Obama”care?”
It should take a month or two to complete, allow for a vote to delay Obama”care” for a year, and then show the great financial harm to our Economy that the Statement’s numbers will document.
Wharton, Stanford, Michigan and Princeton could also file their independent Financial Impact Statements to compare to the Office of Budget and the Congressional Budget Office Financial Impact Statements.
As B. Hussein is fond of saying: “We need to get all the facts first.”
He knows it facilitates it.
I’ll be 100 Quatloos that it will be some big brain on CNN that will first say, “Technically the President is correct.”
be=bet
Spending increases our debt. Not increasing the debt ceiling will cause defaults but it won’t change spending. Only Congress can do that and they don’t seem to want to.
None.
On the face of what Obama said, he’s 100% right. Raising the debt ceiling does not increase our debt.
It DOES give the government the legal authority to incur more debt but raising the ceiling, by itself, does not increase the debt anymore than raising your credit card limit increases your credit card balance.
He’s playing with words, of course. We all know the second the debt ceiling is raised that the debt will be increased. Well, at least those of us who use our brains know this.
And now a message from President Barack Obama-
“Fire is not hot.
Ice is not cold,
Fish do not swim.
Birds do not fly.
Ignorance is strength.
War is peace.
Freedom is slavery.
I am not a Communist.”
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