In an effort to allay fears about increasing the debt ceiling, Barack Obama declared Wednesday that raising the ceiling doesn’t increase the nation’s debt, noting that it had been done over a hundred times before. Um, what? Speaking at the Business Roundtable headquarters in Washington, D.C., Obama said: “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.” Hold the boat – and please excuse my bluntness. “The bills that ‘you’ve’ already racked up, Congress?” What a disingenuous hypocrite. Not only did Congress pass Obama’s $ $787 billion [later revised to $831 billion] “stimulus package” on a wing and a prayer, but he railroaded through Congress his “Affordable Care Act,” which will cost all of us an estimated $1.2 trillion over the next decade. Again, pardon my candor, Mr. President, but you accusing Congress of “racking up bills” is like Michael Moore accusing Michael Phelps of putting on weight. Obama went on to suggest that “the average person” — you know, the same low-information person who voted for him, twice — 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.” Again, the disingenuousness of this president is laughable. By his own admission, the debt ceiling has been raised over 100 times. Were it not responsible – at least in part – for also increasing the federal debt, why the need to increase it so often? **Update** “You have never seen in the history of the United States the debt ceiling or the threat of not raising the debt being used to extort a president or a governing party and trying to force issues that have nothing to do with the budget and nothing to do with the debt.” – Barack Obama
Posted on: Fri, 20 Sep 2013 13:39:09 +0000
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