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Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Ms Sans Serif
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[quote:Hawkesbay:MV8yMzU4NDM2XzQwMzA5NTA2X0Y1QTFCN0JG] "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..." The question I'm asking myself now is, "Who's dumber? The dimwit that makes a statement like that or the people that elected him TWICE?" I've finally concluded that Obummer is dumb, sure, but his supporters make him look like a brain surgeon. [/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:
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