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Obama to the American people: Raising the debt ceiling doesn't increase debt
American Thinker ^ | 09/19/2013 | Rick Moran

Posted on 09/19/2013 8:13:59 AM PDT by SeekAndFind

This is President Obama in all his sneeringly condescending glory:

"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."

Get that? You're too stupid to understand this government stuff so just trust me when I say that raising the debt celing is really a good thing because it ensures the full faith and credit of the US.


(Excerpt) Read more at americanthinker.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: debt; debtceiling; obama
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To: SeekAndFind

Reefer madness
Is killing our country,
So much sadness,
Comes over me.

He’s high all the time now.
(And drinking from the bong.)


21 posted on 09/19/2013 8:54:24 AM PDT by tumblindice (America's founding fathers: All armed conservatives.)
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To: SeekAndFind

Right, just like raising the credit limit on your credit card doesn’t increase your debt... until you spend up to the credit limit again.


22 posted on 09/19/2013 8:55:21 AM PDT by caligatrux
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To: SeekAndFind

Lips are flapping again.


23 posted on 09/19/2013 8:57:08 AM PDT by freeangel ( (free speech is only good until someone else doesn't like it)
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To: SeekAndFind
raising the debt ceiling, which has been done over a hundred times, does not increase our debt

Raising the debt ceiling and the increase in debt is not a direct cause and effect, but it allows the actual cause (more borrowing) to occur. So there is a middle event in the chain of phenomena which he is deliberately ignoring in order to make the whole subject more confusing in order to spread the narrative that advances his agenda.Typical libtard trick to hide the truth.

24 posted on 09/19/2013 9:00:24 AM PDT by mjp ((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
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To: SeekAndFind
Of course the main difference is you can’t just pay your debts by using a printing press. Actually, the main difference is that I am responsible for my debts with my assets, and he is not -- its not his debt and none of his assets are at risk. He can spend all he wants, and all it does is give him more low-info voters.
25 posted on 09/19/2013 9:03:34 AM PDT by caligatrux
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To: catman67

That was my thought when I read the headline. Classic Klinton parsing.


26 posted on 09/19/2013 9:05:59 AM PDT by Lee'sGhost (Johnny Rico picked the wrong girl!)
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To: SeekAndFind; All
Obama to the American people:
"Raising the debt ceiling doesn't increase debt"


27 posted on 09/19/2013 9:07:48 AM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: SeekAndFind

Take a moment and think of what the Media spin would have been if George W. Bush uttered this insanity.


28 posted on 09/19/2013 9:08:13 AM PDT by Kickass Conservative (Democrats = Communists. RINO Republicans = Communist Sympathizers.)
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To: catman67
That is true. It’s the spending over the old ceiling that increases the debt.

Correct. Raising the limit doesn't increase the debt, but spending up to that limit does.

Kinda like a credit card - old limit $5,000. Sam's maxed out at $5,000, so Sam asks for a bump to $6,500. Sam's debt hasn't increased, but his debt ceiling has. Problem is, we all know that Sam's gonna be maxed out within seconds of the increase to the new limit, cuz old Sam's gotta bad habit that needs a fix.

29 posted on 09/19/2013 9:09:52 AM PDT by IYAS9YAS (Has anyone seen my tagline? It was here yesterday. I seem to have misplaced it.)
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To: SeekAndFind; John Semmens

Are you sure John Semmens didn’t write this?


30 posted on 09/19/2013 9:14:58 AM PDT by sima_yi ( Reporting live from the far North)
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To: caligatrux
raising the credit limit on your credit card doesn't increase your debt....unil you spend up to the credit limit again

Exactly. So, by following Obamalogic to the next step, if you don't want to be able to raise the debt, then don't raise the credit limit.

31 posted on 09/19/2013 9:15:57 AM PDT by grania
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To: albie

What has happened to his mind?


32 posted on 09/19/2013 9:23:42 AM PDT by Salvation ("With God all things are possible." Matthew 19:26)
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To: SeekAndFind

Imagine the media reaction if George Bush had made such a stupid statement? He would be branded as a nincompoop, dolt and moron. However, Obama utters such idiocy and there is nothing but crickets from the media.


33 posted on 09/19/2013 9:34:57 AM PDT by The Great RJ
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To: DoodleDawg

“If my credit card changes my borrowing limit from $10,000 to $15,000 does that mean my debt has gone up $5000? No. It isn’t until I put more on the credit card that my debt goes up.”

The CC would only increase your available credit if you asked them to. You would only be asking them for the increase if you knew you were already planning on spending it!

“So the only way to prevent debt from going up is for Obama and the Congress to stop spending like crazy people.”

If the debt ceiling is not raised, then it will be illegal for them to spend more than they take in....not that laws mean anything any more!


34 posted on 09/19/2013 9:46:40 AM PDT by CSM (Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
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To: CSM
The CC would only increase your available credit if you asked them to. You would only be asking them for the increase if you knew you were already planning on spending it!

Not necessarily. I've had my credit limit bumped without asking for it. I also had a card lower the limit because I was only using it for specific purpose and paid off the $200 or so I put on it every month. But regardless, if I don't spend then I don't increase debt.

If the debt ceiling is not raised, then it will be illegal for them to spend more than they take in....not that laws mean anything any more!

Then the government defaults. And I don't think that anyone in Washington has the nerve for that.

35 posted on 09/19/2013 9:54:42 AM PDT by DoodleDawg
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To: DoodleDawg

The relationship between an increase in the debt ceiling and congress’s meeting and exceeding that debt ceiling isn 100%.

The increase in debt ceiling brings an increase in debt, 100% of the time.

Most foolish voters in history.


36 posted on 09/19/2013 9:58:44 AM PDT by Loud Mime (Liberal: A person who charges their grandchildren for today's party)
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To: SeekAndFind

That is one of the most stupid statements I have ever heard.


37 posted on 09/19/2013 10:01:38 AM PDT by Venturer ( cowardice posturing as tolerance =political correctness)
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To: Loud Mime
The relationship between an increase in the debt ceiling and congress’s meeting and exceeding that debt ceiling isn 100%.

Because Congress cannot restrain their spending. There is a causal relationship between spending and the debt ceiling where failure to control one requires a modification to the other. There is no such relationship in reverse.

The increase in debt ceiling brings an increase in debt, 100% of the time.

Increase in spending brings an increase in debt, 100% of recent history.

38 posted on 09/19/2013 10:03:53 AM PDT by DoodleDawg
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To: SeekAndFind

Right, and running as fast as you can head first into a concrete wall doesn’t do any damage to you either.


39 posted on 09/19/2013 10:05:26 AM PDT by A CA Guy ( God Bless America, God Bless and keep safe our fighting men and women.)
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To: SeekAndFind

About the same logic as your checking account not being overdrawn because you still have checks.


40 posted on 09/19/2013 10:11:30 AM PDT by Fast Moving Angel (A moral wrong is not a civil right: No religious sanction of an irreligious act.)
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