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

 
Laugh with my ass
User ID: 47095726
India
09/19/2013 02:09 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



You american's deserve what you are going through for electing such an idiot. He is worse than the pasms in iceage.
Raising the debt ceiling will let america borrow more money which will obviously increase the debt. If they don't intend to borrow money, why increase the ceiling?????? President of the United States is such a moron, any street kid can think better than him. 2016 end - not sure if there will be any worthy paper to spend and value of "american life/style". May SHE help you guys!

and about india, it is already in trash can. Thanks to our waitress leader.
Anonymous Coward
User ID: 47095853
Greece
09/19/2013 02:17 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
...and this is who runs your country??
Anonymous Coward
User ID: 1819020
United States
09/19/2013 02:18 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Raising the Debt Ceiling is simply
paying the bills that Congress has
incurred.
Congress already voted to spend the money,
now the debt ceiling has to be raised so
that the executive branch can pay congress'
bills.
Anonymous Coward
User ID: 47095722
Thailand
09/19/2013 02:18 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
...and this is who ruins your country
 Quoting: Anonymous Coward 47095853
Corrected that for you.
Anonymous Coward
User ID: 1819020
United States
09/19/2013 02:19 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Raising the Debt Ceiling is simply
paying the bills that Congress has
incurred.
Congress already voted to spend the money,
now the debt ceiling has to be raised so
that the executive branch can pay congress'
bills.
 Quoting: Anonymous Coward 1819020


And keep in mind that Obama can't spend a dime.
Only congress can spend money.
Anonymous Coward
User ID: 47095853
Greece
09/19/2013 02:20 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
...and this is who ruins your country
 Quoting: Anonymous Coward 47095853
Corrected that for you.
 Quoting: Anonymous Coward 47095722


Ah yes, much better, thanks for that! lol
Anonymous Coward
User ID: 47095722
Thailand
09/19/2013 02:23 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Raising the Debt Ceiling is simply
paying the bills that Congress has
incurred...etc.
 Quoting: Anonymous Coward 1819020
Wrong. Simply raising the debt ceiling allows more debt to be incurred, which allows Congress to keep borrowing and spending more.

We don't have enough money to pay the bills we've already incurred. Any rise to the debt ceiling should be coupled with a freeze or decrease in government spending, and a moratorium on new spending bills until the debt is paid down to within manageable levels. Anything but a coupling of the debt ceiling to meaningful debt reduction is simply a license to create more bills we can't pay.
Anonymous Coward
User ID: 47095722
Thailand
09/19/2013 02:25 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Raising the Debt Ceiling is simply
paying the bills that Congress has
incurred.
Congress already voted to spend the money,
now the debt ceiling has to be raised so
that the executive branch can pay congress'
bills.
 Quoting: Anonymous Coward 1819020


And keep in mind that Obama can't spend a dime.
Only congress can spend money.
 Quoting: Anonymous Coward 1819020
But the President can STOP increases in spending. A Democrat in the White House is a rubber stamp for Congressional Democrats to spend ever more astronomical amounts of money while making no effort to decrease the debt.
Anonymous Coward
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United States
09/19/2013 02:30 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
just like he said yesterday he's lowered the deficit since hes been in office. You cant make this shit up folks get ready it's DOOOOOOOOOOOOOOOOOOOOOM
Anonymous Coward
User ID: 1819020
United States
09/19/2013 02:36 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Raising the Debt Ceiling is simply
paying the bills that Congress has
incurred.
Congress already voted to spend the money,
now the debt ceiling has to be raised so
that the executive branch can pay congress'
bills.
 Quoting: Anonymous Coward 1819020


And keep in mind that Obama can't spend a dime.
Only congress can spend money.
 Quoting: Anonymous Coward 1819020
But the President can STOP increases in spending. A Democrat in the White House is a rubber stamp for Congressional Democrats to spend ever more astronomical amounts of money while making no effort to decrease the debt.
 Quoting: Anonymous Coward 47095722


The deficit has been nose-diving since Obama was elected.
Debt will decrease when Republicans stop trying to re-crash
the economy/get America downgraded again.
All it takes is some economic growth, which the sequester has halved.
Anonymous Coward
User ID: 47095722
Thailand
09/19/2013 02:40 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
just like he said yesterday he's lowered the deficit since hes been in office...etc.
 Quoting: Anonymous Coward 46986202
Again, to get a factual statement, negate any statement a libtard makes.

So, "he's raised the deficit since he's been in office", and "he's not lowered the deficit since he's been in office" are both factual statements.

2008 deficit: $485 billion
2012 deficit: $1.1 trillion (i.e. nearly 3x greater)

BTW, budget deficit in 2006, the last time Republicans had Congress and the White House: $248 billion
Anonymous Coward
User ID: 47095722
Thailand
09/19/2013 02:41 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Raising the Debt Ceiling is simply
paying the bills that Congress has
incurred.
Congress already voted to spend the money,
now the debt ceiling has to be raised so
that the executive branch can pay congress'
bills.
 Quoting: Anonymous Coward 1819020


And keep in mind that Obama can't spend a dime.
Only congress can spend money.
 Quoting: Anonymous Coward 1819020
But the President can STOP increases in spending. A Democrat in the White House is a rubber stamp for Congressional Democrats to spend ever more astronomical amounts of money while making no effort to decrease the debt.
 Quoting: Anonymous Coward 47095722


The deficit has been nose-diving since Obama was elected.
 Quoting: Anonymous Coward 1819020
Total bullshit, stopped reading right there. See my post above for the facts.
Anonymous Coward
User ID: 46995745
United States
09/19/2013 03:00 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Our debt is already maxed. He's right. Obama isn't as stupid as you think.
NSA

User ID: 23977716
Canada
09/19/2013 03:14 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
All it takes is some economic growth, which the sequester has halved.
 Quoting: Anonymous Coward 1819020


What you mean to say is that half of all growth was artificially created by the government creating money out of thin air.
Anonymous Coward
User ID: 47095722
Thailand
09/19/2013 03:22 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
All it takes is some economic growth, which the sequester has halved.
 Quoting: Anonymous Coward 1819020


What you mean to say is that half of all growth was artificially created by the government creating money out of thin air.
 Quoting: NSA
Correct. Although so far there is little or no proof that the sequester has had any meaningful impact on the economy (and by "proof" I don't mean comments by left wing op-ed columnists), any impact on the economy by the sequester (which didn't actually cut anything, but simply reduced the rate of increase in spending slightly) would mean that the economy was too dependent on government spending. A healthy, properly operating private sector economy should be virtually unaffected by small and even moderate reductions in government spending.
THE WATCHER
User ID: 47034920
Australia
09/19/2013 03:31 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
OH GIVE ME A BREAK !!
Please guys get rid of that fuckin dickhead
Or i will come over there and slap the shit outa you guys
Its a joke and hard to beleive the majority of americans just accepting you are being screwed over by your own government !! Yes all governments do it But REALLY GUYS americans are being looked on here as absolutely stupid idiotic and to lazy or scared to speak out. I remember america years ago being strong, loyal, and looked up to by all . Now you are laughed at and called stupid. Its sad to see guys. We all know that your leaders are Controlled by the mighty dollar and the private fed. And want ww3 as a last resort to save the petro dollar. Its hard to understand ? Your media tell you a dollar crash is coming and that bengazi and other scandals are fact yet there he is STILL THERE ???? WHAT THE FUCK DOES IT TAKE !!
FOR YOU GUYS TO SAY ENOUGH IS ENOUGH. ?????
Anonymous Coward
User ID: 47095722
Thailand
09/19/2013 03:36 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
OH GIVE ME A BREAK !!
Please guys get rid of that fuckin dickhead
Or i will come over there and slap the shit outa you guys...etc.
 Quoting: THE WATCHER 47034920
If only it were that easy. If any President has ever deserved to be impeached it's this guy. However, with Democrats controlling the Senate there is exactly ZERO chance that will happen. EXACTLY. ZERO. CHANCE.
Anonymous Coward
User ID: 47097576
Germany
09/19/2013 03:39 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
"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."
 Quoting: Swan Ronson


sockpuppet
NSA

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Canada
09/19/2013 03:40 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
However, with Democrats controlling the Senate there is exactly ZERO chance that will happen. EXACTLY. ZERO. CHANCE.
 Quoting: Anonymous Coward 47095722


There needs to be a process whereby the citizens can petition a vote of no confidence and have the entire government voted out and a new election called to replace everyone. This should be done no less than once every decade.
Anonymous Coward
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United States
09/19/2013 03:52 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Anonymous Coward
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Thailand
09/19/2013 03:56 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
"The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the U.S. government can't pay its own bills.

[...]

It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our government’s reckless fiscal policies. Over the past five years, our federal debt has increased by $3.5 trillion to $8.6 trillion. That is "trillion" with a "T." That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers.

[...]

This rising debt is a hidden domestic enemy, robbing our cities and states of critical investments in infrastructure like bridges, ports and levees; robbing our families and our children of critical investments in education and health-care reform; robbing our seniors of the retirement and health security they have counted on.

Every dollar we pay in interest is a dollar that is not going to investment in America’s priorities. Instead, interest payments are a significant tax on all Americans — a debt tax that Washington doesn’t want to talk about. If Washington were serious about honest tax relief in this country, we would see an effort to reduce our national debt by returning to responsible fiscal policies.

[...]

Our debt also matters internationally. My friend, the ranking member of the Senate Budget Committee, likes to remind us that it took 42 presidents 224 years to run up only $1 trillion of foreign-held debt. This administration did more than that in just five years.

[...]

Increasing America's debt weakens us domestically and internationally. Leadership means that 'the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America’s debt limit."


Senator Barack Obama, from a speech on the floor of the Senate, March 16, 2006.

BTW, debt as of 2008: $9.99 trillion
Debt as of today: $16.9 trillion
Anonymous Coward
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Thailand
09/19/2013 03:57 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
However, with Democrats controlling the Senate there is exactly ZERO chance that will happen. EXACTLY. ZERO. CHANCE.
 Quoting: Anonymous Coward 47095722


There needs to be a process whereby the citizens can petition a vote of no confidence and have the entire government voted out and a new election called to replace everyone. This should be done no less than once every decade.
 Quoting: NSA
Our entire government is up for reelection at least once within each 4-year period. Seems to me what we need to fix is the voters.
Anonymous Coward
User ID: 2555370
United Kingdom
09/19/2013 03:59 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
He is right as debt is different to the debt permitted by the debt ceiling. If it was the same thing; why is our debt higher than the debt ceiling limit? The debt ceiling is not absolute.
Anonymous Coward
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Thailand
09/19/2013 04:04 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'


"...driving up our national debt from $5 trillion dollars to $9 trillion is irresponsible. It’s unpatriotic."

But driving it up $9 trillion to $16 trillion is "Congress paying its bills" according to liberals and other morons.
Anonymous Coward
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Thailand
09/19/2013 04:05 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
He is right as debt is different to the debt permitted by the debt ceiling. If it was the same thing; why is our debt higher than the debt ceiling limit? The debt ceiling is not absolute.
 Quoting: Anonymous Coward 2555370
And the fall from a tall building isn't what kills you, it's the landing.
Anonymous Coward
User ID: 46994890
Belgium
09/19/2013 04:18 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


The question that should be asked is, 'what is America's debt situation at the end of each quarter? As it increased or decreased?'.

Perhaps then he can properly explain that QE is not related to increasing debt.
Anonymous Coward
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United Kingdom
09/19/2013 04:33 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
"All it does is it says you got to pay the bills that you've already racked up."

Actually it says the exact opposite. But lies are the new truth, and war is the new peace.
Astral Goat
From the deep space petting zoo...

User ID: 33435073
United States
09/19/2013 04:33 AM

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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Fuck him and his health care program.
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Anonymous Coward
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Norway
09/19/2013 04:43 AM
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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
All the blithering fucking idiots in the country should be really pissed off that Obama is being compared to them.


Where the hell did that joker come from and when are the American people going to wake up and realize they are the laughingstock of the whole damned world??
Luisport

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Portugal
09/19/2013 05:00 AM

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Re: Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Nouriel Roubini ‏@Nouriel 8 h
By too early taper talk starting in May the Fed caused a spike in long rates that weakened growth & forced it NOT to taper today


Gregor Peter ‏@L0gg0l 8 h
@Nouriel In other words: They don't have the balls for taper


Ellinas ‏@BrokerTrader15 8 h
@L0gg0l @Nouriel exactly right.. They will just inflate markets even more to make it worse when they do decide to taper..


Gregor Peter ‏@L0gg0l 8 h
@BrokerTrader15 @Nouriel As the addict says: Just one last shot, then I'll stop


Ellinas ‏@BrokerTrader15 8 h
@L0gg0l @Nouriel Then when the withdrawal begins, watch out!! the #Fed has no idea what they are creating here


Nouriel Roubini ‏@Nouriel 8 h
By too early taper talk starting in May the Fed caused a spike in long rates that weakened growth & forced it NOT to taper today


Gregor Peter ‏@L0gg0l 8 h
@Nouriel In other words: They don't have the balls for taper

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