"Raising the debt ceiling doesn't increase debt"
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 ...
Reefer madness
Is killing our country,
So much sadness,
Comes over me.
He’s high all the time now.
(And drinking from the bong.)
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.
Lips are flapping again.
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.
That was my thought when I read the headline. Classic Klinton parsing.
Take a moment and think of what the Media spin would have been if George W. Bush uttered this insanity.
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.
Are you sure John Semmens didn’t write this?
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.
What has happened to his mind?
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.
“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!
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.
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.
That is one of the most stupid statements I have ever heard.
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.
Right, and running as fast as you can head first into a concrete wall doesn’t do any damage to you either.
About the same logic as your checking account not being overdrawn because you still have checks.
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