Article

2013-09-19 Government

Champ: Raising the debt ceiling does not increase our debt

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Posted by KBK 2013-09-19 09:35|| || Front Page|| [3 views ] Top

#1 ...intended for the low-infos

So, translate it for them. Taking more of the blow while promising the Man you'll pay him tomorrow for the stuff today doesn't raise your debt to him?

Wait till you see the 'collection' team.

Posted by Procopius2k 2013-09-19 10:35|| 2013-09-19 10:35|| Front Page Top

#2 "I'll gladly pay you Tuesday, for a Hamburger today" Obama logic.

No pay, No hamburger, MY logic

Posted by Redneck Jim 2013-09-19 11:45|| 2013-09-19 11:45|| Front Page Top

#3 Well we can't pay back what we owe now anyway...

Posted by DarthVader 2013-09-19 11:45|| 2013-09-19 11:45|| Front Page Top

#4 Technically, Obama's right. The debt ceiling restricts the Treasury's ability to pay for debts *already* incurred. The *budget's* where future debt discussions should occur. That's where the Republicans should focus. Brinksmanship around the debt ceiling just makes them look stupid and gives the Dems ammunition with which to distract the masses from otherwise valid (sometimes) messages.

Posted by Muggsy the Full Bosomed1713 2013-09-19 12:06|| 2013-09-19 12:06|| Front Page Top

#5 Spoken like a malignant narcissist. Can't accuse him of lying because it's technically true. An increased credit limit merely makes it possible to borrow more - as distinguished from the actual borrowing itself, which is what causes the increase in debt.

Of course, the increase is needed because there is every intention of borrowing more, which every "average person" who's ever had a personal little credit crunch understands.

But right, we're bankrupt anyway. Hardly matters.

Posted by RandomJD 2013-09-19 12:18|| 2013-09-19 12:18|| Front Page Top

#6 Except that the Champ is using a verbal technicality to deceive the public. And the media is complicit.

But that's not news.

Posted by Bobby 2013-09-19 12:23|| 2013-09-19 12:23|| Front Page Top

#7 Don't mind me; just setting my Rantburg cookie for Firefox. (I got fed up with unstoppable Safari page reloads.)

Posted by PBMcL 2013-09-19 13:37|| 2013-09-19 13:37|| Front Page Top

#8 So let it be written, so it shall be done.
Obama, the Foist

Posted by AlmostAnonymous5839 2013-09-19 13:52|| 2013-09-19 13:52|| Front Page Top

#9 The Treasury Department said Wednesday the government would hit its legal borrowing limit by Monday, setting in motion emergency measures to keep the government operating for several more weeks and serving as a reminder that the nation's budget wrangling could continue well into 2013

The article's date is December 27, 2012.

NO SALE muggsy. If what obama is saying is true, then THIS raising of the debt cieling is LIKE THE PREVIOUS ONE. What happened during the previous one? Click on the link, and wow, Geithner sez the DEBT went up and now we won't be able to legally borrow money unless we raise the debt limit.

SO, before you blather that raising, not just a debt cieling in abstract, but THE UNITED STATES GOVERNEMMENT DEBT CIELING, will not ALLOW THE UNITED STATES GOVERNEMMENT DEBT to GO UP THIS TIME, please get Obama to explain what is different THIS TIME.

The way credit limits work is to prevent accumulation of excessive debt that it cannot be repaid. It is a CONTROL built into the Constitution for the House to "check and balance" the Executive branch.

oh, you don't like YOUR "Executive Branch" to be "checked and balanced" THIS TIME, when you "patriotically" asserted the right of the Legislative the "Check and balance" an "executive branch" that wasn't YOURS LAST TIME?

f*ck your hypocrisy.

Posted by Ptah 2013-09-19 14:18|| 2013-09-19 14:18|| Front Page Top

#10 Well, if we are not planning on increasing debt then I guess we don't have to raise the debt ceiling. Again.

Posted by swksvolFF 2013-09-19 14:35|| 2013-09-19 14:35|| Front Page Top

#11 Giving a visa card to your fashion obsessed teen doesn't raise your debt level either, but it doesn't take a genious to see that it will likely rise.

Posted by rjschwarz 2013-09-19 14:42|| 2013-09-19 14:42|| Front Page Top

#12 Just do what Washington has been doing for over 50 years, rig the books. Just pass an act making the 2013 fiscal year closed on 31 August of this year. Shazam! suddenly 2013's books balance and we start a new fiscal year. Then next year change it to 31 July 2014. A year of 11 months. Why not? Just for info purposes, back in 1970 the fiscal year did end in July. However Congress couldn't get its job done in time so they gave themselves 3 more months to do nothing. Of course since Reid has run the Senate, we haven't had a budget too. No new taxes, no shut down. Just the usual for the Beltway ~~creative bookkeeping~~ lying.

Posted by Procopius2k 2013-09-19 21:32|| 2013-09-19 21:32|| Front Page Top

#13 If a business ran its books like the Congress and President run the nation's, they would be in prison.

Posted by OldSpook 2013-09-19 22:27|| 2013-09-19 22:27|| Front Page Top

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