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

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.

...and this is who runs your country??

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.

Corrected that for you.

And keep in mind that Obama can't spend a dime.
Only congress can spend money.

Ah yes, much better, thanks for that! lol

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.

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.

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

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.

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

Total bullshit, stopped reading right there. See my post above for the facts.

Our debt is already maxed. He's right. Obama isn't as stupid as you think.

What you mean to say is that half of all growth was artificially created by the government creating money out of thin air.

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.

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. ?????

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.

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.

"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

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.

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.

"...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.

And the fall from a tall building isn't what kills you, it's the landing.

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.

"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.

Fuck him and his health care program.

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??

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