Obama: “Raising the debt ceiling doesn’t increase the debt”

So sayeth the sage of South Chicago.

“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:

“It’s always a tough vote because the average person thinks raising the debt ceiling must mean that we’re running up our debt, so people don’t like to vote on it, and, typically, there’s some gamesmanship in terms of making the President’s party shoulder the burden of raising the — taking the vote.”

That’s true. Raising he debt ceiling doesn’t mean an increase in the debt.

Taking out a mortgage doesn’t mean you are buying a house. Filling the car with gas doesn’t mean you are going to drive it. Breaking eggs into a skillet doesn’t mean you are going to fry them. Dropping trou in front of the urinal doesn’t mean you are going to piss. Buying a McRib doesn’t mean you are going to eat. All of these things are true. Retarded, but true.

Shifting gears this morning… Memory Hole Theater presents Senator Obama in his own words, circa 2006.

Bookmark the permalink.

4 Responses to Obama: “Raising the debt ceiling doesn’t increase the debt”

  1. Jim22 says:

    Well, he does have evidence. Treasury has stopped the debt clock: “Treasury: We’ve Kept Debt Exactly $16,699,396,000,000 For 4 Months”.

    Thieves and liars. Liars and thieves.


  2. messup says:

    What’s so sad about this turn of events in present day USA is:1)15% of Americans are now considered in poverty and 2) nearly 48% of Americans are receiving some form of government assistance. Historically, there isn’t any country having spent (OPM- other people’s money) to prosperity. This attempt by Progressive New Left Activists to use failed Keynesian policies and theory to socialize and destroy American Excellence and its Capitalism with “communism-lite” has a 150-year litany of failures. Why not continue to obey US Constitution, the “Rule of Law” and eliminate “judicial review?” This is the path to prosperity. Pray. Amen. Otherwise, USA is destined for the trash heap of failed socialist experiments. Liberty Amendments are the answer.

  3. Doc says:

    “If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”
    …Joseph Goebbels…nuff sed…