Users Online Now:
GLP Poker Rooms
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 41974161:MV8yMzU4NDM2XzQwMzA5MTEyX0VDREVFQTNC] So what its sounds like he is saying is the US cant pay bills it already owes without taking on more debt. That needed dept cant be drawn on. In household or the business world that's when you go talk to a lawyer about filing bankruptcy. Pretty obvious they are gonna bleed this pony dry. [/quote]
Uhhh, is he new? He's pandering to the mouth breathing crowd.
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:
- See more at: [
link to cnsnews.com
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
NASA wants to build a floating city above Venus
Scientists inject human brain cells into mice, making them ‘significantly smarter’
Scientists zero in on how lung cancer spreads
Gun Control PSA Tells Kids to Steal Parents’ Guns, Turn Them in at School
Rust Contaminated Vaccines, Worldwide Recall
“Chemtrails” Exposed – Global Geoengineering PsyOps Documented
Obama Urges Congress To Renew Push For ''CISPA-style'' Internet Laws After Sony Hack
Need to Know Basis: You Only Know What the TV Wants You to Know
The Militarization of Police in America: ''Active Shooter Training'' Now Massively Federalized
Google Wants to Spy on You in Your Car. Automakers Balk, Already Spying on You
Half of All Children Will Be Autistic by 2025, Warns Senior Research Scientist at MIT
Cops Can Use Fake Facebook Accounts To Lure Suspects, Says Judge
Show How Much You Care with a Flu Shot Gift Card!
10 Weirdest Things Pulled Out Of People’s Butts
Double amputee moves prosthetic arms by intuitive thought
Feminism Backlash: Media Programming, Endocrine Disruptors, Will Men Find Their Hearts Again?
The Baltic Dry Index Has Never Crashed This Fast Post-Thanksgiving
Why There's No Ebola Vaccine
What is a New World Order?
How Nonprofit Hospitals Are Seizing Patients’ Wages
Cop: We Need Military Equipment Because of “Constitutionalists”
Forget North Korea: Watch Out for Chinese Censorship of Hollywood
Vermont Governor Abandons Single-Payer Healthcare
How Germany Was Partitioned. Lessons for Ukraine
EPA Declines to Classify Coal Ash as Hazardous Waste
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd.
Website Design Copyright © 1999 - 2014 Godlikeproductions.com
Page generated in 0.005s (5 queries)