Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,' Though It Has 'Over 1

[Bern80]

Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,' Though It Has 'Over 1
WTF??

What a genius

-Geaux

Why do rw's believe that raising the debt ceiling increases the debt?

We've been here before but apparently, the rw's can't remember what they learned the last time.

The money has already been spent.

Raising the debt ceiling is our legal agreement to pay the debt that (ALL of congress) already borrowed.

Using the Visa analogy above ... When you applied for the Visa card, you did not incur debt but you did legally agree to pay any debt you incurred using the Visa card.

Everyone knows that. As I said to NY, to pretend that doesn't mean you're going to actually borrow more money is being intellectually dishonest. Nor do you get simply change the meaning of words. It isn't a spending ceiling that's being raised as you suggest. We aren't debate whether they should get to spend more money. It's a DEBT ceiling. We are debating how much more debt the government should be allowed to incur. If Obama wasn't planning on increasing our debt there would be no reason to raise our debt cieling. Doing so is a cop out. It's a means to avoid having to make diffucult decisions on slashing government spending.

 

[Luddly Neddite]

Raising the debt ceiling is not a spending program, therefore it cannot itself add to the debt.

Yes, borrowing more money definitely doesn't increase debt.



OMG....

Raising the debt is NOT "borrowing more money" because it was already borrowed when congress borrowed it.

The ObamaCare threat is just a red herring because they cannot repeal or defund it and they know it. Or at least, they should know it - IF they read the Constitution.

 

[LordBrownTrout]

Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,' Though It Has 'Over 1
WTF??

What a genius

-Geaux

Why do rw's believe that raising the debt ceiling increases the debt?

We've been here before but apparently, the rw's can't remember what they learned the last time.

The money has already been spent.

Raising the debt ceiling is our legal agreement to pay the debt that (ALL of congress) already borrowed.

Using the Visa analogy above ... When you applied for the Visa card, you did not incur debt but you did legally agree to pay any debt you incurred using the Visa card.

How utterly, colossally stupid...

Amen.

 

[Luddly Neddite]

Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,' Though It Has 'Over 1
WTF??

What a genius

-Geaux

Why do rw's believe that raising the debt ceiling increases the debt?

We've been here before but apparently, the rw's can't remember what they learned the last time.

The money has already been spent.

Raising the debt ceiling is our legal agreement to pay the debt that (ALL of congress) already borrowed.

Using the Visa analogy above ... When you applied for the Visa card, you did not incur debt but you did legally agree to pay any debt you incurred using the Visa card.

Everyone knows that. As I said to NY, to pretend that doesn't mean you're going to actually borrow more money is being intellectually dishonest. If we didn't need to raise our debt there would be no reason to raise our debt cieling. Doing so is a cop out. It's a means to avoid having to make diffucult decisions on slashing government spending.

They are two different issues, two different subjects.

We have no choice but to pay our debt.

We do have a choice about incurring more debt.

 

[NYcarbineer]

While Obama is correct, he's heavily splitting hairs and it's an incredibly shallow and laughable correctness. No, the act of raising the debt ceiling will not raise the debt. But, it's a forgone conclusion that increasing the debt will follow shortly after.

Jumping out of a plane without a parachute won't kill me, but hitting the ground will.

It's the radical Republicans who are being laughable here because not one of them has workable feasible plan to cope with the immediate cessation of increasing the debt.

 

[Lonestar_logic]

The debt ceiling is like the borrowing limit on your credit card. If VISA raises your limit, did VISA increase your debt?

VISA will not increase your debt limit when you're knee deep in debt.

You're more proof that liberals are stupid.

Then show us the 1 trillion in cuts you would make to end borrowing.

We need to stop being the worlds leading spender. Cut federal departments like education, the EPA, energy, housing and urban development and transportation to name some and let the States handle these matter. Basically reduce the size of the federal government.

We don't have a borrowing problem, we have a spending problem.

 

[Luddly Neddite]

Why do rw's believe that raising the debt ceiling increases the debt?

We've been here before but apparently, the rw's can't remember what they learned the last time.

The money has already been spent.

Raising the debt ceiling is our legal agreement to pay the debt that (ALL of congress) already borrowed.

Using the Visa analogy above ... When you applied for the Visa card, you did not incur debt but you did legally agree to pay any debt you incurred using the Visa card.

How utterly, colossally stupid...

Amen.

No matter how simply its laid out for rw's, they just cannot grasp it.

 

[NYcarbineer]

Raising the debt ceiling is not a spending program, therefore it cannot itself add to the debt.

Yes, borrowing more money definitely doesn't increase debt.



OMG....

The debt ceiling doesn't borrow money.

 

[Luddly Neddite]

While Obama is correct, he's heavily splitting hairs and it's an incredibly shallow and laughable correctness. No, the act of raising the debt ceiling will not raise the debt. But, it's a forgone conclusion that increasing the debt will follow shortly after.

Jumping out of a plane without a parachute won't kill me, but hitting the ground will.

It's the radical Republicans who are being laughable here because not one of them has workable feasible plan to cope with the immediate cessation of increasing the debt.

Except, take from the poor and give to the rich.

 

[LordBrownTrout]

How utterly, colossally stupid...

Amen.

No matter how simply its laid out for rw's, they just cannot grasp it.

What happens when you ask your cc company for a higher credit limit and they give it to you?

 

[Luddly Neddite]

Those who don't now that raising the debt limit does not increase spending ...

Please explain what you believe "raising the debt limit" means.

Thank you -

 

[Lonestar_logic]

Is the ACA costing one trillion a year in federal government spending?

Actually more than that according to the CBO.


CBO: ObamaCare Price Tag Shifts from $940 Billion to $1.76 Trillion

Now go back, read your own link, and try not to make stupid mistakes like this again.

My mistake was commenting and a liberals strawman post.

Fact is obamacare is costing us lots of fucking money.

 

[LordBrownTrout]

While Obama is correct, he's heavily splitting hairs and it's an incredibly shallow and laughable correctness. No, the act of raising the debt ceiling will not raise the debt. But, it's a forgone conclusion that increasing the debt will follow shortly after.

Jumping out of a plane without a parachute won't kill me, but hitting the ground will.

It's the radical Republicans who are being laughable here because not one of them has workable feasible plan to cope with the immediate cessation of increasing the debt.

Except, take from the poor and give to the rich.

But yet O and company are giving wall street 85 billion a month to the top money people. Why is the left stealing from the poor and giving to the rich?

 

[LordBrownTrout]

Those who don't now that raising the debt limit does not increase spending ...

Please explain what you believe "raising the debt limit" means.

Thank you -

Then you don't need to raise the debt limit.

 

[Redfish]

It will increase the debt immediately.

Semantics.

The alternative is that 1/3rd of all government spending has to stop immediately, because that is how much of the spending is being borrowed.

Show us the cuts. Show us how do it at all first, then show us how to do it without bringing chaos down on the country if not the world.

not true, much of that trillion is already being paid for by previous borrowing (debt). The new debt limit is to pay for new spending, future spending.

The sequester was an across the board cut to govt spending, did we survive it? Keep doing that until spending equals revenue. There is no other sane approach.

But since you support more and more debt, how much debt is too much? when will the govt have to stop borrowing? what happens when paying the interest on the debt consumes all revenue?

I know that you dem/libs like free shit, but there is a limit.

 

[Redfish]

While Obama is correct, he's heavily splitting hairs and it's an incredibly shallow and laughable correctness. No, the act of raising the debt ceiling will not raise the debt. But, it's a forgone conclusion that increasing the debt will follow shortly after.

Jumping out of a plane without a parachute won't kill me, but hitting the ground will.

It's the radical Republicans who are being laughable here because not one of them has workable feasible plan to cope with the immediate cessation of increasing the debt.

Except, take from the poor and give to the rich.

who do you think is getting the billions that the FED is pumping out every month? hint--its not the poor. Do you think wall street is making money because the govt is giving money to the poor?

 

[g5000]

It is correct to say that raising the debt ceiling does not raise our debt. Deficit spending is what raises our debt.

The money has already been spent. It was appropriated already. At the time Congress appropriated more deficit spending, they knew at that time the spending they were approving would later push our national debt past the current ceiling.

They knew this day was coming because it was they who made this happen.

There is nothing more retarded than Congress approving a lot of spending which will go over the debt ceiling and then acting all morally outraged about having to raise the debt ceiling.

This is theater for the rubes.

So it is not the raising of the debt ceiling which increases our debt. It's the appropriations which were approved months ago.

 

[decker]

from english viewpoint seems like very little are going to get done between conservatives and liberals in america for a long time to come. Your divided congress seems to be always fighting with each other.

 

[Redfish]

Raising the debt ceiling is not a spending program, therefore it cannot itself add to the debt.

Yes, borrowing more money definitely doesn't increase debt.



OMG....

The debt ceiling doesn't borrow money.

No, It ALLOWS the borrowing of money. Without an increase in the debt ceiling the govt could not sell any more bonds to china to get money to give away to Pakistan.

this is so fucking simple, and stupid, its amazing that so many of you don't get it.

 

[NYcarbineer]

They did. It's called defunding Obamacare.

Is the ACA costing one trillion a year in federal government spending?

Actually more than that according to the CBO.


CBO: ObamaCare Price Tag Shifts from $940 Billion to $1.76 Trillion

Did you even bother to read the first sentence of your link?

That's TEN years, not a year.