Obama logic: Raising the debt ceiling doesn’t increase debt

debtceiling

Obama must believe he’s some sort of wizard, because according to him raising the debt ceiling does not increase our debt.

Yes, that is something he actually said:

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.”

He added that the “average person” (as opposed to fellow wizards) mistakenly believes that raising the debt ceiling means the government is giving itself more room to accrue more debt.

Hmmm. Well perhaps the reason us average people believe that, Obama the Blue, is because that’s exactly what it means. Furthermore, the fact that the government has been forced to raise the debt ceiling “over a hundred times” before is proof in and of itself that an increased limit leads to an increased debt!

You certainly don’t need to be a wizard to know that.

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Comments

  1. Does everyone In his audience just stare at him and smile. How stupid are these people

  2. See these so called leaders are so power mad they will stop at nothing call it willful ignorance arrogance visidity an stupidity as somekinda of reality get real so then fear intimidation suppression of information are there abusive tools don’t be fooled the new dark ages are upon us NOW are you ready hell no just who killed the electric car by the way Obama s administration is in great need an WANTS credibility some how irak is still on the edge of civil war let’s just look at the stunning lack of progress in irak an Afghani stan still to this day then when we recover from all this we only have a few days to harvest all our grief fear anxiety an simple frustration then direct it at all those innocent people of Congress they are the real problem not us who simply oppose them an views so why not so until then lower your expectations of government standards an let the good times just keep rolling by the way do you remember those good old days when Nixon and Watergate almost hit rock bottom as a country so is Batman a transvestite or does it really matter?recompitulation

  3. You want so north Jersey dysfunction you got it Obama non sense is just that nonsense by definition for his polices make little to know sense i ask where’s the science you know the science of facts gathering such evidence an raw data is a cease less pursuit when the facts are used nod abused where’s the accountant version of material facts known in and about congressional dysfunctions for these facts don’t yet on the whole exist then we should all know these true facts as they unravel or come in see Obama s polices are more of an over fancified collection of specious sentiments basically saying this much like buchs new Orleans an irak polices is only out weighed by it’s lack of science involved with policy notscience war and real dept relief are a science only science an common sense will prevail over our real problems not more lip service policy this is so intellectually lazy inept fear an ego based nonsense and cannot be tested or challenged scientifically in any way seems much like buch we just have to believe Obamas rhetorical naturesee science does not work like that that’s Faith and Faith is taught in churches there for if you can’t prove these facts in the scientific world than you have no game no truth just simply more smoke screen compounded by lip service removal

  4. Ask any housewife if they can avoid more than 3 or 4 payments with out losing their house what makes Obama so special missed 100 house payments yet he is still living pretty good too me this is madness end the Obama madness NOW

  5. Obama’s brain has a serious logic malfunction! Obama is too stupid for Nursery School!

  6. I want to ask all the people who voted for this guy the second time, how do you feel now? how do you feel that you have ruined your children’s future? and what are you going to do about it? what?

  7. 0bama is too stupid to do 4th grade arithmetic.

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