Users Online Now:
2,196
(
Who's On?
)
Visitors Today:
931,046
Pageviews Today:
1,239,781
Threads Today:
308
Posts Today:
4,792
10:17 AM
Directory
Adv. Search
Topics
Forum
Back to Forum
Back to Thread
REPLY TO THREAD
Subject
Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
User Name
Font color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Indigo
Violet
Black
Font:
Default
Verdana
Tahoma
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 46952812:MV8yMzU4NDM2XzQwMzEyMTA1XzgxQzBFMDY4] [quote:Anonymous Coward 37941835:MV8yMzU4NDM2XzQwMzExOTYyXzU1NTgyQzFC] My god, he's dumber than Bush! And I thought that would be impossible. [/quote] He is not dumb... He actually knows that stopping QE means World War, let me explain... US stops QE... FED no more buys US debt... Interest rates go sky high... China and other US dollar debt holders realize that US will never pay back its debt... (They are scammed) They start selling dollar... Dollar is devalued like %80 Here comes the First ThermoNuclear World War. Enjoy while you can, fuck your girlfriend, drink, eat, fun times ahead, guaranteed. [/quote]
Original Message
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)
General
Politics
Bananas
People
Potentially Offensive
Emotions
Big Round Smilies
Aliens and Space
Friendship & Love
Textual
Doom
Misc Small Smilies
Religion
Love
Random
View All Categories
|
Next Page >>