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Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'

 
jpop

User ID: 32408217
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09/19/2013 12:00 AM

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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Wow!

He even tries to lie about basic math. Thinking that us "little people" are that stupid. How arrogant.

or

He is just that stupid.
 Quoting: jpop


No It's worse than that, the majority of Americans are that stupid, and he is smart enough to know it.
 Quoting: Anonymous Coward 45189860


The majority of the free-loaders are just that stupid(libtards).

I'm not sure that the majority of Americans are libs. I think he got elected through voter fraud, not because the majority wanted him.

But you might be right, which is scary.

Last Edited by jpop on 09/19/2013 12:17 AM
Dr. Manhattan

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09/19/2013 12:01 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
He is the great deceiver. Anyone that would follow him blindly would be lead right off a cliff into a pit of alligators, who then excrete you into the dirtiest most rotten crap that rest at the bottom of a body of water for eternity.

Yep... he is the either one giant idiot, or trying to lead people to destruction. Since he became president and graduated from Harvard, I am going to go ahead and say he is a criminal sociopath.

Last Edited by Dr. Manhattan on 09/19/2013 12:02 AM
Anonymous Coward
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09/19/2013 12:02 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Anyone here have any idea how much interest is owed on the national debt now?

How much of every dollar the government spends is BORROWED?
ohnonotagain
My Bite is Worse than my Bark

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09/19/2013 12:02 AM

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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Well technically he's right.
You see, if you have a maxed-out credit card with a $10,000 limit, and you've reached the limit.
Then increasing the limit to $15,000, and not spending another single penny, you have not increased your debt.

But we all know where this will go.
gayobama1

(edit) Sorry for stealing your gif, it's just so fitting for the man.
 Quoting: Sikhed


You bet your ass we know where it'll go....

1980 - 1 Trillion Debt
2000 - 4 Trillion Debt
2013 - 16 Trillion Debt

36 years and the debt increased 16x! It took over 200 years to get to a Trillion for fuck sake!
Dogs are People To!

"The Tree of Liberty is Thirsty and needs Watering"

-Me
Anonymous Coward
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09/19/2013 12:04 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
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.
ohnonotagain
My Bite is Worse than my Bark

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09/19/2013 12:05 AM

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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Anyone here have any idea how much interest is owed on the national debt now?

How much of every dollar the government spends is BORROWED?
 Quoting: Anonymous Coward 45189860


I do believe we have to borrow 1.2 trillion each year to balance the books.

The interest on the money is a good question! Most of the money borrowed these days is direct from the Fed.
Dogs are People To!

"The Tree of Liberty is Thirsty and needs Watering"

-Me
LT Prepper

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09/19/2013 12:05 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Once again, he's redefined the phrase "full of shit".

Give Obama a thorough enema, and you could bury him in a cigarette box...
Anonymous Coward
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09/19/2013 12:07 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
sheep ...Explained well, now even a sheep understands !!
Patriot_In_Waiting

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09/19/2013 12:09 AM

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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
He's a puppet with someone's hand jammed up his ass making his mouth move ignore him
 Quoting: Anonymous Coward 46348647


Potuspuppet
 Quoting: Gypsy Priest




[link to www.youtube.com]
 Quoting: Barrack Hussein Obama


In other words he's saying "I'm a real president, really I am "
But as hard as he wishes that to be the case, he's still just Barry
Patriot_In_Waiting

My name is patriot_in_waiting and I'm a GLPTARD

"Honesty and bravery build character, but character is for man....the rest is between you and God"--me
Anonymous Coward
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09/19/2013 12:10 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
WELL considering that the debt is unpayable by any calculations, it actually doesnt matter. Why not a 50 trillion dollar debt? 100 trillion? When the amount is jnot payable, the amount may as well be nothing.
jpop

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09/19/2013 12:13 AM

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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
WELL considering that the debt is unpayable by any calculations, it actually doesnt matter. Why not a 50 trillion dollar debt? 100 trillion? When the amount is jnot payable, the amount may as well be nothing.
 Quoting: Anonymous Coward 45349696


Unfortunately, you're right.

What is also unfortunate is that the whole ponzi scheme is about to crash.

Last Edited by jpop on 09/19/2013 12:15 AM
Anonymous Coward
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09/19/2013 12:13 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
And yet, I'll bet the Borg believe this without question.
The trick will be for his apologists to twist this into something resembling a statement made by a sane man. I'm dying to see what they come up with.
shadasonic

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09/19/2013 12:16 AM

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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Time to vomit then kick some fucking ass!
“One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It’s simply too painful to acknowledge, even to ourselves, that we’ve been taken. Once you give a charlatan power over you, you almost never get it back.” – Carl Sagan
Sikhed
Cat herder

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09/19/2013 12:17 AM

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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
WELL considering that the debt is unpayable by any calculations, it actually doesnt matter. Why not a 50 trillion dollar debt? 100 trillion? When the amount is jnot payable, the amount may as well be nothing.
 Quoting: Anonymous Coward 45349696


But it's like a train wrecking at the end of the line.
100 mph is going to hurt a lot worse than 50 mph.
doom360
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09/19/2013 12:19 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
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]
 Quoting: Swan Ronson


technically he is right, However I have no doubt he will max out our credit cards again sooner rather than later
Anonymous Coward
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09/19/2013 12:21 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Anyone here have any idea how much interest is owed on the national debt now?

How much of every dollar the government spends is BORROWED?
 Quoting: Anonymous Coward 45189860


I do believe we have to borrow 1.2 trillion each year to balance the books.

The interest on the money is a good question! Most of the money borrowed these days is direct from the Fed.
 Quoting: ohnonotagain


Various figures show that the government borrows 46-48 cents for every dollar it spends.

Interest expense so far for the fiscal year 2013: $395,845,239,236.39

:P
Vindog
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09/19/2013 12:22 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
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]
 Quoting: Swan Ronson

So I dont really understand this whole debt ceiling thing... I read a wikipedia definition of it, but still dont get it... can anyone here break it down in lay-mans terms for me?

If I had to guess, the ceiling is the point where if we reach it, we will default, like its a limit... but if hes saying that raising that ceiling doesnt mean raising our debt... then wtf... i dunno.. maybe i do get it... but his words are just f-ing with me... any help?
Boba Fett

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09/19/2013 12:22 AM

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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Duhrr, Ok whatever you say Bam Bam.

norespect
Poche'
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09/19/2013 12:23 AM

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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
It's simple things like this that make me not take people seriously when they get all worked up and angrily rant about certain things. We allow such ridiculous things to happen. Someone getting venomous over an insulting word or a honked horn.. Yet that same person may hear a politician lie and just say "Oh well they all do that." If you can brush off a politician not representing the people, why do you not brush off minor inconveniences. Angry over a parking spot or wait in line... Make excuses for a lying official because he wears blue instead of red.. And vice versa.

We are clearly insane as a people. There is no consistency. Somehow the acceptance of that has made me content. Now I can laugh and make a joke out of just about everything. That makes me happy. Join me. It's fun!
They say that if we do not learn from history, we are doomed to repeat it. They also say that history is written by the victorious.

What I have learned from history is that the recorded accounts of humanity's past are nearly always manipulated for the benefit of the current ruling power's agenda.

Put faith in your own personal history, or submit to the future of another's.
Anonymous Coward
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09/19/2013 12:26 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
And I thought Bush was stupid. Damn man Bush now looks like Einstein.
Anonymous Coward
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09/19/2013 12:26 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
What an absolute buffoon.
Anonymous Coward
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09/19/2013 12:28 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Well he is right. Tech. anyway. But if it weren't for the debt ceiling, he wouldn't be able to spend the futures money on programs he started early on (and bush).
Anonymous Coward
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09/19/2013 12:29 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
I guess technically increase the debt ceiling does not automatically increase our debt since (as far as I understand) the debt ceiling is just the absolute most that the gov can spend, no?

With that being said, the only reason to increase the debt ceiling is so you can spend more and the US is broke so based on that increasing the debt ceiling will increase our debt.
Woot Woot

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09/19/2013 12:29 AM

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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
It's simple things like this that make me not take people seriously when they get all worked up and angrily rant about certain things. We allow such ridiculous things to happen. Someone getting venomous over an insulting word or a honked horn.. Yet that same person may hear a politician lie and just say "Oh well they all do that." If you can brush off a politician not representing the people, why do you not brush off minor inconveniences. Angry over a parking spot or wait in line... Make excuses for a lying official because he wears blue instead of red.. And vice versa.

We are clearly insane as a people. There is no consistency. Somehow the acceptance of that has made me content. Now I can laugh and make a joke out of just about everything. That makes me happy. Join me. It's fun!
 Quoting: Poche'


I respect your decision, but I choose to give a damn and not drink the "Dont Worry Be Happy" Kool-aid. All is not well. Washington is seriously screwed up, starting with the bozo in the White House.

It's unclear to me that Obomba and his clown crew inner-circle know how to tie their shoelaces, nevermind run the USofA.
EscapeVelocity

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09/19/2013 12:29 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
He's a puppet with someone's hand jammed up his ass making his mouth move ignore him
 Quoting: Anonymous Coward 46348647


obamaditz3
 Quoting: calx


Nice global illumination / radiosity on the avatar there calx :)
"I know that the molecules in my body are traceable to phenomena in the cosmos. That makes me want to grab people on the street and say: 'Have you HEARD THIS?" -Neil deGrasse Tyson

:fly_sail:

If you hate my avatar.. you are going to love this.. [link to youtu.be]


In Death members of Project Mayhem Have a name. His name is James M. Boyd.
Hawkesbay
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09/19/2013 12:34 AM

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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
The Emperor Has No Brain.
"When injustice becomes law, resistance becomes duty." - T. Jefferson
Anonymous Coward
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09/19/2013 12:35 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Anyone here have any idea how much interest is owed on the national debt now?

How much of every dollar the government spends is BORROWED?
 Quoting: Anonymous Coward 45189860


I do believe we have to borrow 1.2 trillion each year to balance the books.

The interest on the money is a good question! Most of the money borrowed these days is direct from the Fed.
 Quoting: ohnonotagain


Various figures show that the government borrows 46-48 cents for every dollar it spends.

Interest expense so far for the fiscal year 2013: $395,845,239,236.39

:P
 Quoting: Anonymous Coward 45189860


Keep in mind that is just the interest expense on the debt outstanding for the fiscal year 2013.

You all have to pay that and the outstanding debt.

:P
Anonymous Coward
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09/19/2013 12:39 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Guys, face it. The cryptocrats are just using the president to piss in our face. I swear the fucking CIA is just sitting back and coming up with stupid shit to make their goddamn puppet say and laughing their asses off the whole time.
Hawkesbay
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09/19/2013 12:39 AM

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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
"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.
"When injustice becomes law, resistance becomes duty." - T. Jefferson
Anonymous Coward
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09/19/2013 12:40 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Utterly Amazing1rof11rof1applausedumbass

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